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8.5 per cent GDP growth needed over several years for India’s transformation: Speakers at Swadesh Conclave 2025

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Retired JNU Economics Professor Arun Kumar on Wednesday said India needs high rates of growth over the next few years at 8.5 per cent to become a developed nation by 2047.

Speaking at Swadesh Conclave 2025’s Transforming Bharat through Commerce, Industry & Technology in New Delhi, Kumar said the income per capita should be $14000, it is around $2700 in India now. “We need high rates of growth at 8.5 per cent to grow demand and jobs and all of this has to be equitable.”

Speaking on the economic structure, he said employment is a big issue. Women also face unemployment. Only 6 per cent people work in organised sector, the rest in unorganised sector, and it is not contributing to demand. This is why the disparity.

If demand from unorganised sector goes up, even organised sector will grow fast. Currently, growth is dependent on 10 per cent of organised sector.

Decades ago, China focused on the rural areas and unorganised sector so that demand can be constant and drive growth. It has invested heavily in R&D and has reaped great growth. We need to do that also. For this, we need a good education, Kumar said.

US President Donald Trump is showing the raw, tough face of capitalism. The West won intellectual property rights through the WTO but the soft face of capitalism is gone. Now, the tough face will face a market crash like they did in the late 1920s.

Transformation through technology is being hastened by AI. It has changed blue-collar jobs in technology such as car factories and will threaten white-collar jobs now, such as journalists, doctors and more.

Physicist & JNU Professor of Econophysics Anirban Chakrabarti said an interdisciplinary approach is needed to combat challenges, including climate change which is causing cloudbursts and droughts at the same time. This will need experts from various sciences to come together.

He said there has been a boom in AI with students taking admission in courses to study it. It is important to understand all aspects of the entire system.

Explaining how AI can help, he said one can record data and use machine learning to see trends. “If we can predict price volatility via ML tools, it will help small farmers to decide what crops to sow. I can tell how market is moving and the volatility the farmers can face, help them make well-informed choices.”

He said many regulatory bodies including RBI, SEBI using AI-ML to predict trends etc so that India can be transformed into a developed nation by 2047.  

OTBL Chairperson (retd) Sushma Rawat thanked the organisers for holding the Conclave in an effort to bridge the gap between people over the transformation technology and AI can bring about.

She said she joined ONGC in 1989 as a geologist, was in ONGC to explore oil reserves and other group companies. Recalling the story of oil in India, she said oil was first in Assam’s Digboi in 1889 when they found sticky substance on elephants’ legs. It was a held belief in the West and among people that oil was only in Assam, India. After Independence, we struck oil off Gujarat in 1959 under the ONGC, she said.

Rawat called upon the dignitaries and attendees at the gathering to have belief in oneself and one’s nation. Recalling the transformation in technology across the ages, she said, “I had a 386 computer in 1990, then Sun Microsystems, now all talk is of AI, IoT, data analytics. The changes have been gradual and not sudden. For instance, the mobile phone is a guru and can answer almost all our queries. It will grow further exponentially.”

She told the youngsters at the event to remain curious and keep on learning.

Differing with Prof Arun Kumar’s AI predictions, Supreme Court Senior Advocate Shri Pradeep Rai said AI will not take away all the core functions of doctors, lawyers and journalists. AI will be of help but cannot investigate, for instance, like journalists can, he said.

Blinkit, Google Pay etc were things which could not be imagined in earlier times, all innovations brought through by technology, said Rai.

The virtual hearings in courts during the pandemic were done because of the availability of technology. It has become commonplace now, making distances a remote thing of the past, Rai noted.

The Senior Advocate said the monopoly of US companies will be a problem. He cited an instance where Google refused to share data with Apple until the court forced them to. Without data, there is no AI, he added.

Kerala State Financial Enterprises Ltd (KSFE) Managing Director SK Sanil said micro-finance institutions are needed for the welfare of the poor. Bangladesh’s Mohammad Yunus and his Grameen Bank have been a success in that country. The innovation which made a great impact won him the Nobel Prize. Micro financing can help the poor and the needy in the drive to transform the country.

In her address, Balaji Foundation Chairperson Smt. Rajshri Rai introduced the Swadesh Conclave, saying it is a platform for collective dialogue. She said this year is the sixth edition of Swadesh Conclave. Swadesh is the platform to talk about national interests. This year’s theme is Transforming India. She quoted Faiz Ahmed Faiz’s Bol, saying everybody is entitled to airing their opinion and welcomed them to the Conclave.

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India stresses mutual respect in ties with Italy after Congress’ Meloni remark

India stressed mutual respect and understanding in its ties with Italy after Congress leaders, including Rahul Gandhi, made remarks involving Giorgia Meloni.

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India underlined the importance of maintaining mutual respect and understanding in its relationship with Italy, a day after Congress leaders, including Rahul Gandhi, took a swipe at Prime Minister Narendra Modi’s handling of foreign policy.

The Ministry of External Affairs said India and Italy share strong bilateral ties and expressed its commitment to further strengthening the relationship.

“We share deep and strong ties with Italy, and we are committed to further strengthening this relationship,” the MEA said. It added that friendship and bilateral relations between countries should be maintained within a framework of mutual respect and understanding.

The statement came after a political controversy over remarks made at a Congress event in Delhi.

Rahul Gandhi’s mock hug draws BJP criticism

At the Congress event, Rahul Gandhi greeted party leader Sandeep Dikshit with a mock hug. Gandhi had earlier criticised the Prime Minister’s approach to diplomacy, suggesting that it was being reduced to symbolic gestures such as hugging foreign leaders.

Dikshit then brought Italian Prime Minister Giorgia Meloni into the exchange with a remark, following which Rahul Gandhi played along.

The episode drew sharp criticism from BJP leaders, who accused the Congress leader of using inappropriate language against the Prime Minister and lowering the dignity associated with the office of the Leader of Opposition.

Union Education Minister Pralhad Joshi questioned Rahul Gandhi’s conduct and said India required mature leadership. He also criticised remarks in which Gandhi had referred to the government as “jokers and clowns”.

BJP leaders target Rahul Gandhi

Union Minister Giriraj Singh also attacked Rahul Gandhi, describing him as “mentally frustrated” and questioning his conduct.

BJP MP Bansuri Swaraj said Rahul Gandhi’s language was inconsistent with the dignity expected from the Leader of Opposition.

BJP leader Shehzad Poonawalla also criticised the Congress leader, saying that while disagreement with Prime Minister Modi was legitimate, bringing a foreign woman leader into what he described as a crude joke was neither appropriate nor statesmanlike.

The MEA’s statement, meanwhile, focused on India’s bilateral relationship with Italy and reiterated that mutual respect and understanding remain important to maintaining ties between the two countries.

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Assam BJP leader Bikash Dhar found dead, 5 arrested for murder

BJP leader Bikash Dhar, 52, was found dead in an abandoned house in Assam’s Sribhumi district after being reported missing on August 12. Police have arrested five people in connection with the alleged murder.

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A 52-year-old BJP leader who had been missing for two days was found dead in Assam’s Sribhumi district on Friday, with police alleging that he was murdered.

Bikash Dhar, a resident of Chagalmowa village under Bazaricherra police station, was found dead inside an abandoned house in the Yogicherra area near the Tripura border on Friday morning.

Dhar’s family had filed a missing complaint on August 12 after he left home following a phone call.

According to his son Madan Dhar, Bikash left around 1 pm after saying that he had to attend an emergency meeting. When he did not return and his phone was switched off, the family began searching for him and later approached the police.

Five arrested in murder case

Sribhumi Superintendent of Police Leena Doley said an investigation was launched after the missing complaint was received. The probe was conducted under the supervision of the Additional Superintendent of Police (Crime).

Police said five people have been arrested in connection with the alleged murder. They were identified as Abdul Salam, Sifat Ali, Abdul Ahad, Saiful Ali and Badrul Haque.

According to the police, interrogation of Abdul Salam revealed that the accused had an enmity with Dhar. Police alleged that the group killed him and dumped his body near a water body.

Another person, identified as Sunam Miya, was named during the investigation and reportedly fled to Tripura on the night of the incident.

Police find injury and cut marks on body

Police said injury and cut marks were found on Dhar’s body, and a murder case has been registered.

During the recovery of the alleged weapon, police said accused Badrul Haque attempted to escape from custody. A police constable was injured during the incident.

Police said they fired at Haque’s leg to prevent him from escaping, resulting in a bullet wound.

The investigation into the circumstances surrounding Dhar’s death and the alleged involvement of the accused is underway.

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Jharkhand CID raids multiple locations in JPSC exam irregularities case 

Jharkhand CID conducted raids across several districts to arrest seven accused in a case involving alleged irregularities in JPSC competitive examinations.

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The Jharkhand Crime Investigation Department (CID) has conducted raids at several locations across the state as part of its investigation into alleged irregularities in competitive examinations conducted by the Jharkhand Public Service Commission (JPSC).

According to a CID press release, the searches were carried out to arrest seven accused named in Case No. 16/2026 and execute warrants issued against them.

The accused have been identified as Aditya Pandey, Pawan Kumar Singh, Ravishankar Kumar, Santosh Kumar Singh, Sanand Prakash, Lalu Kumar Yadav and Saurabh Kumar Pandey.

The CID conducted searches in several districts as part of efforts to apprehend the accused. The agency said its investigation into the case is continuing.

CID examining evidence in exam irregularities case

The case relates to alleged irregularities in various competitive examinations conducted by the JPSC.

As part of the investigation, the CID has begun matching OMR carbon copies obtained during the probe and examining other evidence collected in the case.

The agency said further action would be taken according to law on the basis of the evidence gathered. It added that legally permissible action against those found involved in the case is underway.

ABVP protests over JPSC, JSSC exams

The CID raids come amid protests over alleged irregularities and paper leaks in examinations conducted by the JPSC and Jharkhand Staff Selection Commission (JSSC).

On August 13, the Akhil Bharatiya Vidyarthi Parishad (ABVP) held protests in several cities, demanding a Central Bureau of Investigation (CBI) probe and strict action against those responsible.

In New Delhi, students and ABVP workers protested outside Jharkhand Bhawan, calling on the Jharkhand government to take steps to restore confidence in the examination system.

According to the ABVP, similar protests were held in Lucknow, Kolkata, Guwahati, Agartala, Jaipur, Hyderabad, Ahmedabad, Surat, Gorakhpur, Jodhpur, Kota, Raipur, Bhubaneswar, Varanasi and Prayagraj, as well as at university campuses.

The student organisation has sought an impartial CBI investigation into alleged irregularities in JPSC and JSSC examinations. It has also demanded cancellation of the JSSC CGL examination, citing concerns over its integrity, along with fresh examinations where irregularities have been reported.

Meanwhile, JPSC-JSSC aspirants continue to protest at Jaipal Singh Munda Stadium in Ranchi. The ABVP has also alleged that students protesting peacefully on August 10 and 11 faced lathi-charge, water cannons and arrests.

Jharkhand CID has conducted raids at multiple locations in connection with alleged irregularities in JPSC competitive examinations and efforts to arrest seven accused named in Case No. 16/2026.

The action comes amid continuing student protests demanding a CBI probe into alleged JPSC-JSSC exam irregularities.

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