April 17, 2025
Chief Economic Advisor V Anantha Nageswaran addressed a wide range of economic themes at the India Conclave 2025
He noted that the impact of AI on labour may be overstated, with hands-on jobs likely to retain their value
The China-plus-one strategy, tariffs, and agriculture were also highlighted as focus areas
London Business School dean Sergei Gureiv stressed India’s global economic rank and the importance of youth productivity
According to V Anantha Nageswaran, the Chief Economic Advisor to the Government of India, India is targeting a US$10 trillion economy and developed nation status by 2047, backed by long-term strategies focused on research and development, policy stability, and deregulation. He made the remarks on Wednesday while speaking at the India Conclave 2025, an event organised by the India Club in partnership with London Business School.
Nageswaran discussed a broad range of economic issues, including agriculture, tariffs, the China-plus-one strategy, and insights from the latest economic survey. Addressing concerns around artificial intelligence and its effect on labour, he said the assumption that cheap labour advantages will disappear is overly simplistic. While some lower-wage, value-added services may be affected, many hands-on roles such as nursing, elder care, plumbing, and carpentry could regain relevance.
Also speaking at the event, Sergei Gureiv, dean of London Business School, described India as one of the world’s top three and fastest-growing economies. He emphasised the need to boost productivity among India’s youth and shared that Indian students make up around 19 per cent of the school’s student body across all programmes.
John Nickell, head of political and bilateral affairs at the British High Commission to India, highlighted the evolving nature of diplomacy and praised India-UK collaboration. He pointed to the Oxford-AstraZeneca vaccine partnership as a successful example of bilateral cooperation and described India as both a strategic partner and a force multiplier for the UK.
Source: Indian Express