KURNOOL: M. Lakshmi Narsaiah, Professor of economics in Sri Krishnadevaraya University PG Centre, has observed that the fractured verdict in 2004 is the outcome of voters' reaction to globalisation.

Addressing a seminar on the `Challenges of globalisation' at the Osmania College here on Thursday, he said globalisation helped the Indian economy but the poor were hit badly. Benefits of restructuring reached only the rich. An ironical situation prevailed in Indian politics wherein the Congress Government, which wanted to promote integration with global economy, was unable to do so because of the crucial support it required from the Left parties to continue in power. The course of the economy changed in 1990 . The public sector, which was considered a white elephant, was done away with wherever possible.

Globalisation would have acceptance only when the Government took care of the education and health sectors, especially with regard to the poor. The present agrarian crisis was also the fallout of globalisation, he observed.

Azmathulla Khan, administrative officer of Osmania group of institutions, highlighted the farm sector crisis, saying that Indian farmer had always been born in debts, lived in it and died of debts. He called for urgent steps to change the situation.

According to him, employers were reaching out to campuses to tap the talent. Students would be able to make the best of the situation only when they improved their skills, he added.

Shoukat Ali, Principal , Nazneen Parveen, special officer of Hazira College, Zilani Basha, Principal of the Osmania Junior College, and Naziruddin, Head of Economics Department, were present.

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