Prime Minister Narendra Modi to Attend Kautilya Economic Conclave
Prime Minister Narendra Modi is set to participate in the Kautilya Economic Conclave on Friday evening in New Delhi. The event, organized by the Institute of Economic Growth in collaboration with the Ministry of Finance, will run from Friday to Sunday. This year’s conclave will explore themes such as financing the green transition, geo-economic fragmentation, and policy action principles to maintain resilience.
Key Participants and Themes
The conclave will feature discussions by both Indian and international scholars and policymakers on critical issues affecting the Indian economy and the Global South. Notable speakers include Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, who will speak at the inaugural session, and Union Minister of External Affairs, S. Jaishankar, who will address the closing session.
Focus Areas
The event will cover a range of topics, including reforming the international financial architecture, the middle-income trap, jobs and skilling, artificial intelligence in public policy, and more.
Doubts Revealed
Kautilya Economic Conclave -: The Kautilya Economic Conclave is a meeting where experts discuss important economic topics. It is named after Kautilya, an ancient Indian teacher and philosopher known for his work in economics and politics.
Green transition -: Green transition refers to changing the way we use energy and resources to be more environmentally friendly. It means using less pollution and more renewable energy like solar and wind.
Geo-economic fragmentation -: Geo-economic fragmentation is when countries’ economies become more separate and less connected. This can happen due to political reasons or trade barriers.
Institute of Economic Growth -: The Institute of Economic Growth is a research organization in India. It studies economic and social issues to help improve the country’s policies.
Ministry of Finance -: The Ministry of Finance is a part of the Indian government. It manages the country’s money, including taxes and spending.
Nirmala Sitharaman -: Nirmala Sitharaman is the Finance Minister of India. She is responsible for managing the country’s financial policies and budget.
S. Jaishankar -: S. Jaishankar is the External Affairs Minister of India. He handles India’s relationships with other countries.
International financial reforms -: International financial reforms are changes made to improve the global financial system. These changes aim to make it fairer and more stable for all countries.
AI -: AI stands for Artificial Intelligence. It is technology that allows machines to learn and make decisions like humans.
Policy resilience -: Policy resilience means creating rules and plans that can handle unexpected changes or problems. It helps ensure that policies remain effective even in difficult situations.