1 day ago
India’s Developed-Economy Goal Depends on Inclusive Development, Radhakrishnan Says
Vice President C P Radhakrishnan spoke at an economic meeting in New Delhi.
He said India can call itself a developed economy only when progress reaches everyone.
He pointed to reforms such as Jan Dhan accounts and direct benefit transfers as efforts connected with financial inclusion.
He said leaders should make decisions after discussion and try to reach agreement.
He believes open debate helps democracy work well.
Leaders should understand what people need in villages and what is happening in the wider world.
He also said economic policies should be flexible.
His remarks came as geopolitical tensions rise and global trade changes.
Vice President C P Radhakrishnan said India can be considered developed only if development benefits every section of society.
He called for decisive policymaking grounded in consensus amid geopolitical tensions and changing global trade.
Radhakrishnan said debate and discussion can lead to conclusions acceptable to all, and that free, transparent debate strengthens democracy.
He urged policymakers to understand local and global economic realities and remain flexible when making policy.
He cited Jan Dhan accounts, direct benefit transfers and the Goods and Services Tax as reforms of the Narendra Modi government, highlighting financial inclusion.
- Who
- Vice President C P Radhakrishnan
- What
- He argued that inclusive development is necessary for India to be considered a developed economy and called for consensus-based, flexible policymaking.
- Where
- The Kautilya Economic Conclave in New Delhi, India.
- When
- Saturday, October 3; the year is not specified for the date in the reports.
- Why
- He said development must benefit every section of society and that policymaking should respond to economic realities amid geopolitical tensions and changing global trade.
Key facts
- Speaker
- Vice President C P Radhakrishnan
- Event
- Kautilya Economic Conclave; one report identifies it as the 5th conclave and another as the 2026 conclave
- Location
- New Delhi, India
- Date
- Saturday, October 3; year not stated for the date
- Central message
- India can be considered a developed economy only if development is inclusive
- Policy guidance
- Understand microeconomic and macroeconomic ground realities, seek consensus and remain flexible
- Reforms mentioned
- Jan Dhan accounts, direct benefit transfers and the Goods and Services Tax
Quotes
C P Radhakrishnan
Vice President of India
“When you have to make macroeconomic policies, then you have to understand the ground realities of the globe. That is where the success story of the Chinese is well-established. They understand the ground realities of both and bring their nation to (being) the second-largest economy of the world”
theprint.in
“We can call ourselves a developed economy if it is an inclusive development of everyone.”
indianexpress.com
Sources
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