Chandigarh,09.011.19-The Postgraduate Department of Economics of Mehr Chand Mahajan DAV College for Women organized a one-day workshop titled 'Entrepreneurship, Innovation and Macro Economic Variables' here today. The Rashtriya Uchchatar Shiksha Abhiyan (RUSA) sponsored workshop witnessed enthusiastic participation of 50 students. Spread over 3 invigorating sessions, the workshop had Ms. Ritu Singal, MD, Raglan Infrastructure Pvt. Ltd. and Winner Nippon Leatherette Pvt. Ltd., Mr. Vivek Atray, Former IAS, author and motivational speaker, and Prof. Suman Makkar, Prof. of Economics, Department of Evening Studies, PU as the resource persons.

Interwoven with examples from her own inspiring entrepreneurial journey, Ms. Singal's lecture motivated the participants to adopt an out of box approach and promote ideas that can resolve the problems of the masses. Right from product development, finance to marketing the product, Ms. Singal touched upon the practical problems that an entrepreneur faces and suggested solutions for the same. Speaking on attributes of an entrepreneur, Mr. Atray reiterated that creativity, risk taking ability, resilience, determination, self-belief, interpersonal skills and right attitude are the ingredients for success. In a lively lecture tempered with anecdotes, he stressed on the importance of innovation in entrepreneurship and urged the participants to develop their entrepreneurial acumen through an innovative approach to the problems of the society. Prof. Makkar discussed Schumpeter's theory on innovations, highlighting the crucial role of innovations and that of an entrepreneur in the development of an economy. The views were supported by the mathematical presentation of the model depicting the role of the various economic indicators such as saving, investment amongst others to achieve development.

Principal Dr. Nisha Bhargava complimented the Department of Economics for igniting the young minds to contribute towards nation building. She added that such workshops are of essence for nation's economic growth as these educate the youth to acquire new knowledge and skills as well as sensitise and guide them about ways of tackling the existing problems faced by the economy.