Vice-President Opens 5th Kautilya Economic Conclave in Delhi
Vice-President C. P. Radhakrishnan inaugurated the 5th Kautilya Economic Conclave in New Delhi, held on the theme ‘Resilience in an Age of Flux’.

Why in News
On 3 October 2026 Vice-President C. P. Radhakrishnan inaugurated the 5th Kautilya Economic Conclave in New Delhi, organised by the Institute of Economic Growth on the theme ‘Resilience in an Age of Flux’.
Vice-President C. P. Radhakrishnan gave the inaugural address at the 5th Kautilya Economic Conclave in New Delhi on 3 October 2026. The gathering, hosted by the Institute of Economic Growth (IEG), took ‘Resilience in an Age of Flux’ as its theme and drew policymakers, economists, academics and business leaders.
The central message
The Vice-President argued that a country’s economic resilience cannot be prised apart from its social resilience, and that inclusion is what lets an economy absorb shocks in a period of rapid global change. Genuine resilience, he said, means no citizen, no enterprise and no region is left out of growth. He held that India has shown democracy and development advancing side by side, and that reforms built on consensus last longer — a record he described as a base for the goal of a developed India by 2047.
Figures he quoted
| Jan Dhan accounts (as of August 2026) | More than 590 million |
| GST registrations | About 6.65 million in 2017, rising to 16.5 million in May 2026 |
| Self-Help Groups | Around 9.2 million, covering over 100 million rural women |
| Lakhpati Didis | More than 34.6 million |
| Out of extreme poverty | More than 250 million Indians |
He credited the JAM trinity, Direct Benefit Transfer and the Goods and Services Tax with widening financial inclusion, adding transparency and formalising the economy. Inclusion, he added, must not stop at pulling people into the formal system: it has to let them earn, create value and become entrepreneurs. Resilience, in his words, is built not only in boardrooms and financial markets but also when a woman in a village holds a bank account, receives her benefits directly and turns a Self-Help Group into an enterprise. The rising presence of women in education and in the economy marks a shift from women’s empowerment to women-led development.
The institution and its partners
Recalling that the IEG was set up in 1952 under Professor V. K. R. V. Rao, he said policy must rest on an honest reading of ground conditions and remain flexible. As Chairman of the Rajya Sabha he observed that open debate strengthens democracy but has to end in decisions that command wide acceptance, and that rights and duties move together. He welcomed research ties among the University of Delhi, the Delhi School of Economics, the London School of Economics and the IEG. N. K. Singh, President of the IEG Board of Trustees, and Dr. Michael Debabrata Patra, Chairman of its Board of Governors, were present.
Important Facts
| Event | 5th Kautilya Economic Conclave |
|---|---|
| Theme | ‘Resilience in an Age of Flux’ |
| Venue and date | New Delhi, 3 October 2026 |
| Inaugurated by | Vice-President C. P. Radhakrishnan |
| Organiser | Institute of Economic Growth (IEG), established 1952 |
| IEG founder | Professor V. K. R. V. Rao |
| Jan Dhan accounts | More than 590 million as of August 2026 |
| GST registrations | About 6.65 million in 2017 to 16.5 million in May 2026 |
| Self-Help Groups | Around 9.2 million, over 100 million rural women |
| Lakhpati Didis | More than 34.6 million |
| Out of extreme poverty | More than 250 million Indians |
| Goal cited | Viksit Bharat by 2047 |
Exam Point of View
Note the edition (5th), the venue (New Delhi), the theme (‘Resilience in an Age of Flux’), the organiser (Institute of Economic Growth, set up in 1952 under V. K. R. V. Rao), who inaugurated it (Vice-President C. P. Radhakrishnan), and the figures quoted: more than 590 million Jan Dhan accounts, GST registrations of 16.5 million in May 2026, 9.2 million SHGs, 34.6 million Lakhpati Didis and 250 million people out of extreme poverty.
Practice Questions
What was the theme of the 5th Kautilya Economic Conclave held in New Delhi?
- A.Reform, Perform, Transform
- B.Resilience in an Age of Flux
- C.Growth with Green Transition
- D.One Earth, One Economy
Show answer
Correct answer: B. Resilience in an Age of Flux
Explanation
The correct answer is Resilience in an Age of Flux. The conclave was organised on that theme by the Institute of Economic Growth, and the Vice-President used it to argue that economic resilience cannot be separated from social resilience, that inclusion is the foundation of resilience, and that no citizen, enterprise or region should be left behind. Option A names a governance slogan, not this theme. Option C points to a climate and energy framing that the inaugural address did not adopt as the title of the event. Option D is a global-commons style phrase used in other forums. Only the second option matches the theme under which policymakers, economists, academics and business leaders met in New Delhi on 3 October 2026, so it is the answer.
Which institution organises the Kautilya Economic Conclave, and in which year was it established?
- A.Institute of Economic Growth, established in 1952
- B.Indian Council for Research on International Economic Relations, established in 1981
- C.National Council of Applied Economic Research, established in 1956
- D.Institute of Economic Growth, established in 1964
Show answer
Correct answer: A. Institute of Economic Growth, established in 1952
Explanation
The correct answer is the Institute of Economic Growth, established in 1952. The Vice-President recalled that the institute was set up that year under Professor V. K. R. V. Rao and has stayed close to India’s development journey ever since; it hosts this conclave. Option D names the right institution but the wrong year of establishment, which is the usual trap in such questions. Options B and C name other well-known economic research bodies that did not organise this event, so they are wrong whatever founding year is attached to them. Students should remember the pairing of the institute with its founder and with the conclave, and also that its Board of Trustees is headed by N. K. Singh while Dr. Michael Debabrata Patra chairs its Board of Governors.
According to the Vice-President, how many Jan Dhan accounts had been opened as of August 2026?
- A.More than 390 million
- B.More than 450 million
- C.More than 520 million
- D.More than 590 million
Show answer
Correct answer: D. More than 590 million
Explanation
The correct answer is more than 590 million. The inaugural address used this figure to show how far financial inclusion has spread, crediting the JAM trinity, Direct Benefit Transfer and the Goods and Services Tax with widening access, improving transparency and formalising the economy. In the same passage the Vice-President said GST registrations climbed from about 6.65 million in 2017 to 16.5 million in May 2026. The other three options are smaller counts that do not match the figure cited for August 2026, so each is wrong. Remember the comparison the speech drew: resilience is built not only in boardrooms and financial markets but also when a village woman holds an account, draws her benefits directly and turns a Self-Help Group into an enterprise.
How many Lakhpati Didis did the Vice-President say had emerged in India?
- A.More than 14.6 million
- B.More than 24.6 million
- C.More than 34.6 million
- D.More than 44.6 million
Show answer
Correct answer: C. More than 34.6 million
Explanation
The correct answer is more than 34.6 million. The Vice-President placed that figure beside two others to show how women’s economic participation has grown: around 9.2 million Self-Help Groups, covering more than 100 million rural women, and more than 250 million Indians lifted out of extreme poverty. He argued that inclusion must go past enrolment in the formal economy and must let people create value, earn income and set up enterprises, describing the change as a move from women’s empowerment to women-led development. The other three options alter the count and so do not match what the address stated, which makes each of them wrong. Candidates should store this figure with the Self-Help Group numbers, since questions often pair them.
Frequently Asked Questions
What is the theme of the 5th Kautilya Economic Conclave?
‘Resilience in an Age of Flux’. The edition was inaugurated in New Delhi by Vice-President C. P. Radhakrishnan and is organised by the Institute of Economic Growth.
How many Jan Dhan accounts had been opened as of August 2026?
More than 590 million, the Vice-President said. He also noted that GST registrations rose from about 6.65 million in 2017 to 16.5 million in May 2026.
Who founded the Institute of Economic Growth and when?
The Institute of Economic Growth was established in 1952 under Professor V. K. R. V. Rao, and it organises the Kautilya Economic Conclave.
How many Lakhpati Didis and Self-Help Groups were cited?
More than 34.6 million Lakhpati Didis have emerged, and around 9.2 million Self-Help Groups cover more than 100 million rural women.
Sources
- https://www.pib.gov.in/PressReleasePage.aspx?PRID=2318564 (opens in a new tab) — Press Information Bureau
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