An autonomous research institute under the Ministry of Finance




Entropy Law, Economic Processes and the Current Existential Crisis in India: Policy Implications for Sustainability

  • Speaker Dr. Ramprasad Sengupta
  • Speaker profile

    Prof. Ramprasad Sengputa is a Professor Emeritus of Economics (CESP), Jawaharlal Nehru University, New Delhi. He is also a Fellow of the Indian Society of Ecological Economics (INSEE). He has also been the Mahatma Gandhi National Fellow of the ICSSR, Government of India. He has also held the position of Honorary Visiting Professor at NIPFP, New Delhi. He is a former advisor to the Planning Commission, Government of India.  He has also served as Independent Director on the Board of Steel Authority of India Limited (SAIL). He has also taught at various universities across India, USA, Canada, Germany, The Netherlands and Japan. His area of interests include Development Economics and Planning, Energy, Resource and Environmental Economics, Ecological Issues of Sustainable Development.

  • Date Fri, 28 June, 2024
  • Time 03:30 PM - 05:00 PM
  • Venue Online
  • Abstract
    Economic and Environmental human rights have come sharply into focus in the 21st century, as inequity and ecological degradation continue to surge in the so called liberal democracies like India which was supposed to be committed to political freedoms, including freedom of expression and assembly. The twin problems of Covid-19 pandemic and climate change have seriously threatened the life, livelihood and sustainability of the human development process all over the world in recent times. This paper discusses these issues by using the lenses of entropy in physical sense of the term.  Such  application of  the concept of  entropy helps us to address the challenges — and explore the remedies — for ensuring sustainability of the development process and guaranteeing economic and environmental human rights.
    These problems when situated in the entropy perspective of economic processes point to the ecological links of these phenomena with the functioning of an economy. The concept of physical entropy   and its applicability in the context of extreme events of disease pandemic or climate extreme events can be illustrated with reference to their ecological linkage with the physical phenomenon of biodiversity loss or with that of heating of the earth causing such extreme health related or climate related events. This paper gives an overview of  these interrelated interdisciplinary issues concerning such events and shows how the rise of entropy as induced by the processes of economic growth lead to scarcities  of resources and income which threaten to raise in turn the social disorder or social entropy. The policy issues that emerge from such analyses are required to address economic, social and environmental aspects of sustainability of development from a holistic scientific perspective and warrant revisiting the Human Rights System in the Indian context. 
  • Schedule
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16th Refresher Training Programme in Public Finance for University and College Teachers (Last date extended till 12th April)

  • Date Mon, 20 May, 2024 - Fri, 31 May, 2024
  • Venue NIPFP
  • Abstract
    NIPFP is organizing a 2-weeks Refresher Training Programme in Public Finance from 20th – 31st May, 2024 for University and College Teachers and faculty in research institutions.
    The programme will be held at NIPFP, New Delhi with all lodging and boarding facilities provided by the NIPFP, as per norms. Interested candidates can apply online with the following details; (i) Completed application form (ii) Letter of permission to attend the course or No Objection Certificate (NoC) from the Competent Authority/ PhD Supervisor/ or Head of Department and (iii) updated CV (maximum 3 pages). Candidates under 42 years of age and teaching courses in Public Finance are encouraged to apply and would be given preference.
    The application form is available on the Institute website  Candidates are required to send the completed application form along with the documents via email on
    Important dates:
    Date of announcement:                                1st March, 2024
    Last date for submission of application:          12th April, 2024
    Communication of shortlisted applicants:       19th April, 2024
    Coordinator, 16th Refresher Training Programme in Public Finance,
    National Institute of Public Finance and Policy (NIPFP),
    18/2, Satsang Vihar Marg, Special Institutional Area (Near JNU),
    New Delhi 110 067
    Tel.: 011-2656 9303, 2656 9780, 2656 9784


FY 2023-24: Year End Macroeconomic Review