July 2, 2026

Rohit Pawar and Ajit Pawar (Images/Agencies) NEW DELHI: NCP (SP) leader Rohit Pawar on Saturday said that he will present a detailed presentation on February 10 on the air crash that killed Maharashtra deputy chief minister Ajit Pawar. He said that questions and doubts persist over the circumstances of the incident, which will be addressed during the briefing in Mumbai.Speaking to reporters after casting his vote in the Zilla Parishad elections in Baramati, Rohit Pawar said that several questions remained unanswered about how and why the crash occurred. He added that the forthcoming presentation would address these concerns in detail.“Everyone has questions and doubts in their minds. Why the crash happened and how it might have happened—these issues will be raised on February 10,” he said.The Zilla Parishad and Panchayat Samiti elections in Maharashtra were held on Saturday for 12 Zilla Parishads and 125 Panchayat Samitis. The polls had earlier been postponed following Ajit Pawar’s death in the air crash on January 28.Ajit Pawar was killed along with four others when a chartered Learjet aircraft crashed while attempting to land at the table-top airstrip in Baramati, Pune district. Those killed included his personal security officer, the pilot, co-pilot and a flight attendant.Rohit Pawar said that the late leader had wished for unity between the rival factions of the Nationalist Congress Party and that efforts toward a merger would continue. The NCP (SP), led by Sharad Pawar and the NCP have jointly contested the Zilla Parishad elections, with candidates fighting on the latter’s ‘clock’ symbol.“Ajit Dada sincerely wished that everyone should come together as one family. Everyone has come together today. Dada had made efforts, and we will continue to make efforts in the same manner. The family is still united,” Rohit Pawar said.Earlier, West Bengal chief minister Mamata Banerjee alleged that Ajit Pawar’s death could be the result of a political conspiracy and demanded a Supreme Court-monitored probe.Citing reports that Pawar was considering leaving the BJP and rejoining the NCP (SP) led by Sharad Pawar, Banerjee said, “I demand a proper investigation under the supervision of the Supreme Court. We have trust only in the Supreme Court. All other agencies have been completely compromised.”She described Pawar’s death as a major loss and said he was expected to return to the original faction of his party.The Opposition MLA, who represents the Karjat-Jamkhed constituency in Ahilyanagar district, also said that he would explain the reasons and intent behind the proposed party merger on February 12.“I will explain why the merger was supposed to happen and for what purpose. Whether Ajit Dada’s intention was political or emotional, I will clarify this on February 12,” he said.On the investigation into the crash, Union Minister of State for Civil Aviation Murlidhar Mohol said that the Aircraft Accident Investigation Bureau (AAIB) and the Directorate General of Civil Aviation (DGCA) were making rapid progress.Providing an update, Mohol said the aircraft’s black box had been recovered and was being analysed.“The black box has been recovered, and the AAIB team and the DGCA are working on it. The data will be downloaded, followed by analysis and an inquiry. A preliminary report will be released after that,” Mohol said.He added that investigation teams from the AAIB and the DGCA’s Mumbai Regional Office reached the crash site on the day of the incident and that the AAIB Director General personally oversaw the initial probe.The investigation is being conducted under Rules 5 and 11 of the AAIB Rules, 2025, to determine the sequence of events during the aircraft’s attempted landing amid reported poor visibility.Authorities have cautioned against drawing premature conclusions, stating that the findings will be based on technical analysis of the black box data.About the AuthorTOI News DeskThe TOI News Desk comprises a dedicated and tireless team of journalists who operate around the clock to deliver the most current and comprehensive news and updates to the readers of The Times of India worldwide. With an unwavering commitment to excellence in journalism, our team is at the forefront of gathering, verifying, and presenting breaking news, in-depth analysis, and insightful reports on a wide range of topics. The TOI News Desk is your trusted source for staying informed and connected to the ever-evolving global landscape, ensuring that our readers are equipped with the latest developments that matter most.”Read MoreEnd of ArticleFollow Us On Social MediaVideosPM Modi In Kuala Lumpur Says India Malaysia Ties Are Rising, Unveils IMPACT Vision For Asia”To Benefit Farmers….” Shivraj Singh Chouhan Big Claim On India-US Trade DealPiyush Goyal Says Agriculture Is Self Reliant Sector As India Refuses Farm Import Benefits To USFrom Design To Silicon, India Signals Semiconductor Breakout With Semicon 2.0 RoadmapMP Minister Vijay Shah Finally Apologises For Comment Targeting Op Sindoor Face Col Sofia QureshiTurkey Sides With Pakistan On Kashmir At UN After Sharif’s Rhetoric On India’s ‘Integral’ Territory’Home-Grown Ills’: Islamabad Mosque Blast Triggers Blame Game As India Rejects Pakistan’s BlameEx-US Official Raymond Vickery Says India Outsmarted Donald Trump Chaos By Sticking To Trade ProcessEx-US Official Raymond Vickery Backs India Red Line On Russian Oil As US Trade Deal Drops MentionIndia-US Trade Deal Explained: What The White House Says On Tariffs, Markets And Tech Shifts123PhotostoriesThomas Edison once said, “I’ve not failed, I’ve just found 10,000 ways that won’t work”: 4 lessons it teaches students6 celebrities who called out social media as ‘toxic’: Tom Holland, Selena Gomez, Kate Winslet, and moreThe ultimate footwear checklist every girl needs in her closet5 mistakes to avoid when investing in under-construction projectsFrom Anil Kapoor to Janhvi, meet ‘ Tu Yaa Main’ actress Shanaya Kapoor’s star relativesChennai airport soars: 80% on-time flights beat private giantsMumbai prepares for faster commute as WEH-BKC connector enters final stageTop 10 iconic Japanese fast foods you need to try at least once7 must-try winter street foods in ChandigarhUpcoming OTT releases for this week: ‘Kohrra Season 2’, ‘The Lincoln Lawyer Season 4,’ and more123Hot PicksBudget 2026Gold Silver PricesParliament Budget SessionGCC Unified Visa 2026Income Tax CalculatorPublic holidays February 2026Bank Holidays februaryTop TrendingSuper Bowl TrophyCooper Kupp WifeKayla NicoleSuper Bowl LX TicketOliver RowlandJustin GaethjeLIV GolfLiam Paro vs Paddy Donovan Net WorthWinter Olympics 2026NBA Trade Update

Vamsikrishna04 mins mins
Rohit Pawar and Ajit Pawar (Images/Agencies) NEW DELHI: NCP (SP) leader Rohit Pawar on Saturday said that he will present a detailed presentation on February 10 on the air crash that killed Maharashtra deputy chief minister Ajit Pawar. He said that questions and doubts persist over the circumstances of the incident, which will be addressed during the briefing in Mumbai.Speaking to reporters after casting his vote in the Zilla Parishad elections in Baramati, Rohit Pawar said that several questions remained unanswered about how and why the crash occurred. He added that the forthcoming presentation would address these concerns in detail.“Everyone has questions and doubts in their minds. Why the crash happened and how it might have happened—these issues will be raised on February 10,” he said.The Zilla Parishad and Panchayat Samiti elections in Maharashtra were held on Saturday for 12 Zilla Parishads and 125 Panchayat Samitis. The polls had earlier been postponed following Ajit Pawar’s death in the air crash on January 28.Ajit Pawar was killed along with four others when a chartered Learjet aircraft crashed while attempting to land at the table-top airstrip in Baramati, Pune district. Those killed included his personal security officer, the pilot, co-pilot and a flight attendant.Rohit Pawar said that the late leader had wished for unity between the rival factions of the Nationalist Congress Party and that efforts toward a merger would continue. The NCP (SP), led by Sharad Pawar and the NCP have jointly contested the Zilla Parishad elections, with candidates fighting on the latter’s ‘clock’ symbol.“Ajit Dada sincerely wished that everyone should come together as one family. Everyone has come together today. Dada had made efforts, and we will continue to make efforts in the same manner. The family is still united,” Rohit Pawar said.Earlier, West Bengal chief minister Mamata Banerjee alleged that Ajit Pawar’s death could be the result of a political conspiracy and demanded a Supreme Court-monitored probe.Citing reports that Pawar was considering leaving the BJP and rejoining the NCP (SP) led by Sharad Pawar, Banerjee said, “I demand a proper investigation under the supervision of the Supreme Court. We have trust only in the Supreme Court. All other agencies have been completely compromised.”She described Pawar’s death as a major loss and said he was expected to return to the original faction of his party.The Opposition MLA, who represents the Karjat-Jamkhed constituency in Ahilyanagar district, also said that he would explain the reasons and intent behind the proposed party merger on February 12.“I will explain why the merger was supposed to happen and for what purpose. Whether Ajit Dada’s intention was political or emotional, I will clarify this on February 12,” he said.On the investigation into the crash, Union Minister of State for Civil Aviation Murlidhar Mohol said that the Aircraft Accident Investigation Bureau (AAIB) and the Directorate General of Civil Aviation (DGCA) were making rapid progress.Providing an update, Mohol said the aircraft’s black box had been recovered and was being analysed.“The black box has been recovered, and the AAIB team and the DGCA are working on it. The data will be downloaded, followed by analysis and an inquiry. A preliminary report will be released after that,” Mohol said.He added that investigation teams from the AAIB and the DGCA’s Mumbai Regional Office reached the crash site on the day of the incident and that the AAIB Director General personally oversaw the initial probe.The investigation is being conducted under Rules 5 and 11 of the AAIB Rules, 2025, to determine the sequence of events during the aircraft’s attempted landing amid reported poor visibility.Authorities have cautioned against drawing premature conclusions, stating that the findings will be based on technical analysis of the black box data.About the AuthorTOI News DeskThe TOI News Desk comprises a dedicated and tireless team of journalists who operate around the clock to deliver the most current and comprehensive news and updates to the readers of The Times of India worldwide. With an unwavering commitment to excellence in journalism, our team is at the forefront of gathering, verifying, and presenting breaking news, in-depth analysis, and insightful reports on a wide range of topics. The TOI News Desk is your trusted source for staying informed and connected to the ever-evolving global landscape, ensuring that our readers are equipped with the latest developments that matter most.”Read MoreEnd of ArticleFollow Us On Social MediaVideosPM Modi In Kuala Lumpur Says India Malaysia Ties Are Rising, Unveils IMPACT Vision For Asia”To Benefit Farmers….” Shivraj Singh Chouhan Big Claim On India-US Trade DealPiyush Goyal Says Agriculture Is Self Reliant Sector As India Refuses Farm Import Benefits To USFrom Design To Silicon, India Signals Semiconductor Breakout With Semicon 2.0 RoadmapMP Minister Vijay Shah Finally Apologises For Comment Targeting Op Sindoor Face Col Sofia QureshiTurkey Sides With Pakistan On Kashmir At UN After Sharif’s Rhetoric On India’s ‘Integral’ Territory’Home-Grown Ills’: Islamabad Mosque Blast Triggers Blame Game As India Rejects Pakistan’s BlameEx-US Official Raymond Vickery Says India Outsmarted Donald Trump Chaos By Sticking To Trade ProcessEx-US Official Raymond Vickery Backs India Red Line On Russian Oil As US Trade Deal Drops MentionIndia-US Trade Deal Explained: What The White House Says On Tariffs, Markets And Tech Shifts123PhotostoriesThomas Edison once said, “I’ve not failed, I’ve just found 10,000 ways that won’t work”: 4 lessons it teaches students6 celebrities who called out social media as ‘toxic’: Tom Holland, Selena Gomez, Kate Winslet, and moreThe ultimate footwear checklist every girl needs in her closet5 mistakes to avoid when investing in under-construction projectsFrom Anil Kapoor to Janhvi, meet ‘ Tu Yaa Main’ actress Shanaya Kapoor’s star relativesChennai airport soars: 80% on-time flights beat private giantsMumbai prepares for faster commute as WEH-BKC connector enters final stageTop 10 iconic Japanese fast foods you need to try at least once7 must-try winter street foods in ChandigarhUpcoming OTT releases for this week: ‘Kohrra Season 2’, ‘The Lincoln Lawyer Season 4,’ and more123Hot PicksBudget 2026Gold Silver PricesParliament Budget SessionGCC Unified Visa 2026Income Tax CalculatorPublic holidays February 2026Bank Holidays februaryTop TrendingSuper Bowl TrophyCooper Kupp WifeKayla NicoleSuper Bowl LX TicketOliver RowlandJustin GaethjeLIV GolfLiam Paro vs Paddy Donovan Net WorthWinter Olympics 2026NBA Trade Update


Ajit Pawar plane crash probe: NCP (SP) leader Rohit Pawar to present details on Feb 10 as doubts persist
Rohit Pawar and Ajit Pawar (Images/Agencies)

NEW DELHI: NCP (SP) leader Rohit Pawar on Saturday said that he will present a detailed presentation on February 10 on the air crash that killed Maharashtra deputy chief minister Ajit Pawar. He said that questions and doubts persist over the circumstances of the incident, which will be addressed during the briefing in Mumbai.Speaking to reporters after casting his vote in the Zilla Parishad elections in Baramati, Rohit Pawar said that several questions remained unanswered about how and why the crash occurred. He added that the forthcoming presentation would address these concerns in detail.“Everyone has questions and doubts in their minds. Why the crash happened and how it might have happened—these issues will be raised on February 10,” he said.The Zilla Parishad and Panchayat Samiti elections in Maharashtra were held on Saturday for 12 Zilla Parishads and 125 Panchayat Samitis. The polls had earlier been postponed following Ajit Pawar’s death in the air crash on January 28.Ajit Pawar was killed along with four others when a chartered Learjet aircraft crashed while attempting to land at the table-top airstrip in Baramati, Pune district. Those killed included his personal security officer, the pilot, co-pilot and a flight attendant.Rohit Pawar said that the late leader had wished for unity between the rival factions of the Nationalist Congress Party and that efforts toward a merger would continue. The NCP (SP), led by Sharad Pawar and the NCP have jointly contested the Zilla Parishad elections, with candidates fighting on the latter’s ‘clock’ symbol.“Ajit Dada sincerely wished that everyone should come together as one family. Everyone has come together today. Dada had made efforts, and we will continue to make efforts in the same manner. The family is still united,” Rohit Pawar said.Earlier, West Bengal chief minister Mamata Banerjee alleged that Ajit Pawar’s death could be the result of a political conspiracy and demanded a Supreme Court-monitored probe.Citing reports that Pawar was considering leaving the BJP and rejoining the NCP (SP) led by Sharad Pawar, Banerjee said, “I demand a proper investigation under the supervision of the Supreme Court. We have trust only in the Supreme Court. All other agencies have been completely compromised.”She described Pawar’s death as a major loss and said he was expected to return to the original faction of his party.The Opposition MLA, who represents the Karjat-Jamkhed constituency in Ahilyanagar district, also said that he would explain the reasons and intent behind the proposed party merger on February 12.“I will explain why the merger was supposed to happen and for what purpose. Whether Ajit Dada’s intention was political or emotional, I will clarify this on February 12,” he said.On the investigation into the crash, Union Minister of State for Civil Aviation Murlidhar Mohol said that the Aircraft Accident Investigation Bureau (AAIB) and the Directorate General of Civil Aviation (DGCA) were making rapid progress.Providing an update, Mohol said the aircraft’s black box had been recovered and was being analysed.“The black box has been recovered, and the AAIB team and the DGCA are working on it. The data will be downloaded, followed by analysis and an inquiry. A preliminary report will be released after that,” Mohol said.He added that investigation teams from the AAIB and the DGCA’s Mumbai Regional Office reached the crash site on the day of the incident and that the AAIB Director General personally oversaw the initial probe.The investigation is being conducted under Rules 5 and 11 of the AAIB Rules, 2025, to determine the sequence of events during the aircraft’s attempted landing amid reported poor visibility.Authorities have cautioned against drawing premature conclusions, stating that the findings will be based on technical analysis of the black box data.



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Over millennia, philosophers have struggled to clearly answer the question: ‘who is rich?’ A useful metric, easy to measure as well as compare, is income. The somewhat subjective factors that affect happiness (Good health? Freedom? Control of one’s time? Leisure?) also correlate well with it: People in high income countries also tend to have more leisure and better health, for example.The most widely followed categorisation of countries is by the World Bank and uses a per capita nominal GDP threshold of ,000 for high-income status. This was fixed at ,000 in 1987 prices, and has risen at around 2% annually since then, broadly tracking developed-economy inflation. At least 85 countries (around 40% of those ranked) were classified high-income in 2024.Per capita GDP is not a perfect measure. First, it ignores income distribution within a country. If income is concentrated in the hands of a few, even if the mean per capita income is high, many people would be poor. One can track median income, which is the middle-value when incomes are lined from smallest to largest. If there are too many poor and very few rich, the median would be lower than the mean. We note though that the gap between them tends to narrow significantly as economies become prosperous.Second, consumption may better indicate material well-being and differs from income, as savings, the gap between income and consumption, vary between economies, and between the rich and the poor. Some researchers even adjust for leisure and life-expectancy to arrive at ‘consumptionequivalent welfare’. However, this is hard to measure and compare accurately and frequently.Third, purchasing power parity (PPP)-based per capita GDP is a better measure of welfare, as it adjusts for cost-of-living differences. For example, a haircut or a taxi ride would be much cheaper in India than in the US, even though they deliver similar value. Per capita GDP in the US is 29 times India’s in nominal USD terms, but only seven times India’s in PPP-adjusted terms. On nominal GDP per capita, India ranked 140 globally among 196 nations, versus 162 in 2005, and is expected to rank 134 by 2030. Its PPP-adjusted rank was 124 and expected to rise to 117 by 2030. Over time, though, these series converge.Thus, a macroeconomic target based on per capita GDP, though not perfect, is the most appropriate.India’s move up the ranks over the past two decades has been among the most consistent globally, but China and Vietnam have moved faster. China was at India’s 2025 per capita GDP in 2007 and ranked 123. It has moved up to 73 and is on the verge of high-income status with a per capita income nearly five times that of India. Vietnam was at our level in 2016 and is now ranked 122, with per capita GDP around 60% higher than India’s.Can India reach high-income status? And by when? As chart 2 shows, to cross the high-income threshold by 2047, India must grow per capita GDP in USD terms by at least 9% annually, and GDP by 9.5%. If inflation averages 4%, and the rupee depreciates 2% annually against the USD, real growth needs to average 7.5% annually for the next 25 years.While this is indeed India’s current growth rate, as the economy moves towards the productivity frontier, growth will begin to taper: economies at the frontier grow less than 2.5% annually. Thus, growth must be faster over the next decade to compensate for the nearly inevitable slowdown in the 2040s.How must one accelerate growth? It helps to view growth in GDP as coming from growth in labour input, in capital formation, and in productivity.While labour input is linked to slow-changing-demographics, and cannot be changed quickly, India can and must lift its abysmally low female workforce participation in paid work. A large part of India’s demographic dividend would otherwise be wasted. While weak demand for labour is a major challenge, improved law-and order, regulations that ease part time work, and focus on job-creation in sectors that are dominated by women globally are essential interventions.The bulk of the acceleration in growth must come from faster capital formation. The starting conditions are in place, with a significant drop in the cost of capital, driven by the govt’s fiscal discipline and the remarkable flow of household savings into equities (through systematic investment plans, and insurance and pension funds) worth nearly 2% of GDP annually. The significant expansion in financial system capacity to provide credit now needs channels to facilitate flows to where credit is needed, like to MSMEs, via frameworks like OCEN (open credit enablement network).Policy must also prioritise easing real estate supply via regulatory changes and construction of urban infrastructure. Real estate and infrastructure form a major part of capital stock in developed economies — their construction creates demand for labour and materials and are an important driver of growth.India must also maintain its current rapid pace of productivity improvement. Individual prosperity cannot be achieved without productivity growth.Among other requirements (like better health and education), this needs significant investments in science and technology. Unlike what Japan, Taiwan, Korea and even China saw while they grew, India cannot hope for an ‘assisted’ rise and instead must prepare for a ‘resisted’ rise, where it must develop its own critical technology. This is also important to prevent getting stuck in the middle-income trap, which has plagued many Latin American and eastern Europeans. Building a risk-capital and innovation ecosystem well in advance is important to make the transition from middle-income to high-income.While new technologies like artificial intelligence (AI) and robotics will improve productivity globally, we believe they can help India much more, by bringing down unit costs across a range of critical sectors, breaking through vicious cycles that slow progress.Lastly, some of the societal shifts that Joel Mokyr emphasises in his book ‘A Culture of Growth,’ drove the industrial revolution in Britain, seem to be underway in India. Entrepreneurship is becoming socially respected and is now getting rewarded, the seeds of an innovation system are now falling in place, and the govt is beginning to see itself as a partner of business instead of viewing it with distrust.If we focus relentlessly on building a high-trust society (enabled by a modernising judiciary), with higher risk appetite (not just for entrepreneurs and investors but also policymakers), a high-income India by the late 2040s is not an unachievable dream.The writer is chief economist, Axis BankGet the latest India news and live updates. Download the TOI App.About the AuthorNeelkanth MishraWriter is chief economist, Axis Bank.End of ArticleFollow Us On Social MediaVideos’Highly Deplorable’: India Slams Pakistan Over Demolition Of 125-Year-Old Gurdwara In FarooqabadHealth Concerns Mount As Sonam Wangchuk’s Blood Sugar Falls, Weight Drops As Fast ContinuesDMK Seeks FIR Against CM Vijay, Alleges Plot To Induce MLAs And Alter Assembly NumbersCongress Claims BJP in West Bengal “Will Be Equally Aggressive”; MP Sparks Debate On GovernanceIran Invites BJP Chief Nitin Nabin, Congress Prez Kharge, Pawan Khera To Khamenei’s Funeral: ReportModi Cabinet Reshuffle Buzz: Will NDA Allies And Rebel MPs Find A Place In The Union Cabinet?Three Arrested, Senthil Balaji Under Scanner In Alleged TVK Government Toppling BidCongress Moves Privilege Motion Against Rajnath Singh Over Op Sindoor Claims; Seeks Transparency’Neglecting For 2.5 Years’ Kailash Vijayvargiya’s Letter To CM Mohan Yadav Triggers Political StormWATCH: Eggs, Vegetables Hurled At Mahua Moitra; TMC MP Accuses ‘BJP Goons’, Says Police Stood By123PhotostoriesLock Upp 2: Ram Kapoor, Sunita Ahuja to Akanksha Chamola—contestants’ net worth revealed; this celebrity tops the list with Rs 135 croreWilliam Faulkner’s quote, ‘You cannot swim for new horizons until you have courage to lose sight of the shore,’ perfectly explains why growth demands riskThink you will get your full deposit back? These surprisingly common move-out mistakes could lead to major deductions from your security depositPsychology says children need their parents the most during these 5 vulnerable moments of the day and how parents should respond during these momentsVande Bharat on a budget: 5 routes you can travel for under INR 1,5005 secrets to build an aura everyone feels attracted toPersonality test: Solo trip or holiday with your partner? 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Over millennia, philosophers have struggled to clearly answer the question: ‘who is rich?’ A useful metric, easy to measure as well as compare, is income. The somewhat subjective factors that affect happiness (Good health? Freedom? Control of one’s time? Leisure?) also correlate well with it: People in high income countries also tend to have more leisure and better health, for example.The most widely followed categorisation of countries is by the World Bank and uses a per capita nominal GDP threshold of $14,000 for high-income status. This was fixed at $6,000 in 1987 prices, and has risen at around 2% annually since then, broadly tracking developed-economy inflation. At least 85 countries (around 40% of those ranked) were classified high-income in 2024.Per capita GDP is not a perfect measure. First, it ignores income distribution within a country. If income is concentrated in the hands of a few, even if the mean per capita income is high, many people would be poor. One can track median income, which is the middle-value when incomes are lined from smallest to largest. If there are too many poor and very few rich, the median would be lower than the mean. We note though that the gap between them tends to narrow significantly as economies become prosperous.Second, consumption may better indicate material well-being and differs from income, as savings, the gap between income and consumption, vary between economies, and between the rich and the poor. Some researchers even adjust for leisure and life-expectancy to arrive at ‘consumptionequivalent welfare’. However, this is hard to measure and compare accurately and frequently.Third, purchasing power parity (PPP)-based per capita GDP is a better measure of welfare, as it adjusts for cost-of-living differences. For example, a haircut or a taxi ride would be much cheaper in India than in the US, even though they deliver similar value. Per capita GDP in the US is 29 times India’s in nominal USD terms, but only seven times India’s in PPP-adjusted terms. On nominal GDP per capita, India ranked 140 globally among 196 nations, versus 162 in 2005, and is expected to rank 134 by 2030. Its PPP-adjusted rank was 124 and expected to rise to 117 by 2030. Over time, though, these series converge.Thus, a macroeconomic target based on per capita GDP, though not perfect, is the most appropriate.India’s move up the ranks over the past two decades has been among the most consistent globally, but China and Vietnam have moved faster. China was at India’s 2025 per capita GDP in 2007 and ranked 123. It has moved up to 73 and is on the verge of high-income status with a per capita income nearly five times that of India. Vietnam was at our level in 2016 and is now ranked 122, with per capita GDP around 60% higher than India’s.Can India reach high-income status? And by when? As chart 2 shows, to cross the high-income threshold by 2047, India must grow per capita GDP in USD terms by at least 9% annually, and GDP by 9.5%. If inflation averages 4%, and the rupee depreciates 2% annually against the USD, real growth needs to average 7.5% annually for the next 25 years.While this is indeed India’s current growth rate, as the economy moves towards the productivity frontier, growth will begin to taper: economies at the frontier grow less than 2.5% annually. Thus, growth must be faster over the next decade to compensate for the nearly inevitable slowdown in the 2040s.How must one accelerate growth? It helps to view growth in GDP as coming from growth in labour input, in capital formation, and in productivity.While labour input is linked to slow-changing-demographics, and cannot be changed quickly, India can and must lift its abysmally low female workforce participation in paid work. A large part of India’s demographic dividend would otherwise be wasted. While weak demand for labour is a major challenge, improved law-and order, regulations that ease part time work, and focus on job-creation in sectors that are dominated by women globally are essential interventions.The bulk of the acceleration in growth must come from faster capital formation. The starting conditions are in place, with a significant drop in the cost of capital, driven by the govt’s fiscal discipline and the remarkable flow of household savings into equities (through systematic investment plans, and insurance and pension funds) worth nearly 2% of GDP annually. The significant expansion in financial system capacity to provide credit now needs channels to facilitate flows to where credit is needed, like to MSMEs, via frameworks like OCEN (open credit enablement network).Policy must also prioritise easing real estate supply via regulatory changes and construction of urban infrastructure. Real estate and infrastructure form a major part of capital stock in developed economies — their construction creates demand for labour and materials and are an important driver of growth.India must also maintain its current rapid pace of productivity improvement. Individual prosperity cannot be achieved without productivity growth.Among other requirements (like better health and education), this needs significant investments in science and technology. Unlike what Japan, Taiwan, Korea and even China saw while they grew, India cannot hope for an ‘assisted’ rise and instead must prepare for a ‘resisted’ rise, where it must develop its own critical technology. This is also important to prevent getting stuck in the middle-income trap, which has plagued many Latin American and eastern Europeans. Building a risk-capital and innovation ecosystem well in advance is important to make the transition from middle-income to high-income.While new technologies like artificial intelligence (AI) and robotics will improve productivity globally, we believe they can help India much more, by bringing down unit costs across a range of critical sectors, breaking through vicious cycles that slow progress.Lastly, some of the societal shifts that Joel Mokyr emphasises in his book ‘A Culture of Growth,’ drove the industrial revolution in Britain, seem to be underway in India. Entrepreneurship is becoming socially respected and is now getting rewarded, the seeds of an innovation system are now falling in place, and the govt is beginning to see itself as a partner of business instead of viewing it with distrust.If we focus relentlessly on building a high-trust society (enabled by a modernising judiciary), with higher risk appetite (not just for entrepreneurs and investors but also policymakers), a high-income India by the late 2040s is not an unachievable dream.The writer is chief economist, Axis BankGet the latest India news and live updates. Download the TOI App.About the AuthorNeelkanth MishraWriter is chief economist, Axis Bank.End of ArticleFollow Us On Social MediaVideos’Highly Deplorable’: India Slams Pakistan Over Demolition Of 125-Year-Old Gurdwara In FarooqabadHealth Concerns Mount As Sonam Wangchuk’s Blood Sugar Falls, Weight Drops As Fast ContinuesDMK Seeks FIR Against CM Vijay, Alleges Plot To Induce MLAs And Alter Assembly NumbersCongress Claims BJP in West Bengal “Will Be Equally Aggressive”; MP Sparks Debate On GovernanceIran Invites BJP Chief Nitin Nabin, Congress Prez Kharge, Pawan Khera To Khamenei’s Funeral: ReportModi Cabinet Reshuffle Buzz: Will NDA Allies And Rebel MPs Find A Place In The Union Cabinet?Three Arrested, Senthil Balaji Under Scanner In Alleged TVK Government Toppling BidCongress Moves Privilege Motion Against Rajnath Singh Over Op Sindoor Claims; Seeks Transparency’Neglecting For 2.5 Years’ Kailash Vijayvargiya’s Letter To CM Mohan Yadav Triggers Political StormWATCH: Eggs, Vegetables Hurled At Mahua Moitra; TMC MP Accuses ‘BJP Goons’, Says Police Stood By123PhotostoriesLock Upp 2: Ram Kapoor, Sunita Ahuja to Akanksha Chamola—contestants’ net worth revealed; this celebrity tops the list with Rs 135 croreWilliam Faulkner’s quote, ‘You cannot swim for new horizons until you have courage to lose sight of the shore,’ perfectly explains why growth demands riskThink you will get your full deposit back? These surprisingly common move-out mistakes could lead to major deductions from your security depositPsychology says children need their parents the most during these 5 vulnerable moments of the day and how parents should respond during these momentsVande Bharat on a budget: 5 routes you can travel for under INR 1,5005 secrets to build an aura everyone feels attracted toPersonality test: Solo trip or holiday with your partner? What your travel style tells you about yourself5 shocking facts about octopuses that seem too strange to be realBengaluru daycare horror: 8 red flags every parent should know before choosing a daycare10 beautiful baby girl names inspired by the beauty of nature and their heartwarming meanings123Hot PicksLPG gas pricePatrick MahomesNEET PG RegistrationEmployees Provident Funds SchemeGTA 6India vs England t20Marcus SmartNayara petrol priceHow to Watch FIFA World Cup TodayTop TrendingNayara energy petrol priceLPG priceKetan Agarwal Murder CaseFIFA World Cup 2026Monaco BlastBengaluru TechieAnukalp MishraSergei IvanovIndigo Check-in Bag FaresAyodhya Ram Temple Donation Theft

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NEW DELHI: The Tamil Nadu govt has moved the Supreme Court against the Madras high court order imposing a blanket ban on the slaughter of cows and calves in the state.In its plea, the Tamil Nadu govt challenged the May 27 order of the high court, which directed the chief secretary and the director general of police/head of police force to ensure that no cow or calf got slaughtered across the state either on the eve of Bakrid on May 28, or on any other day.“In a writ petition seeking a direction to ‘prevent the slaughter of cows in public places’, the HC ought to have travelled beyond the issue involved, to impose an absolute and blanket ban…,” the govt’s appeal said. The HC order was based on a 1976 ruling .Madras HC order on cow slaughter ban based on 1976 rulingOn May 27, the high court, while hearing a PIL filed by K Surya Prasanth, the general secretary of Hindu Makkal Katchi, which sought direction to prevent the slaughtering of cows in public places, directed the state govt to impose the blanket ban. The plea also sought directions that slaughter be carried out at designated places only.The high court order was based on a 1976 ruling, which prohibited cow slaughter in the interest of milk production and improvement of rural economy. In its plea, the state govt termed the order contrary to the Tamil Nadu Animal Preservation Act, 1958.The Act permits the slaughter of cows aged over 10 years that are unfit for work and breeding, on the basis of a certificate issued by a competent authority. The high court, however, imposed a blanket ban.Get the latest India news and live updates. Download the TOI App.End of ArticleFollow Us On Social MediaVideos’Highly Deplorable’: India Slams Pakistan Over Demolition Of 125-Year-Old Gurdwara In FarooqabadHealth Concerns Mount As Sonam Wangchuk’s Blood Sugar Falls, Weight Drops As Fast ContinuesDMK Seeks FIR Against CM Vijay, Alleges Plot To Induce MLAs And Alter Assembly NumbersCongress Claims BJP in West Bengal “Will Be Equally Aggressive”; MP Sparks Debate On GovernanceIran Invites BJP Chief Nitin Nabin, Congress Prez Kharge, Pawan Khera To Khamenei’s Funeral: ReportModi Cabinet Reshuffle Buzz: Will NDA Allies And Rebel MPs Find A Place In The Union Cabinet?Three Arrested, Senthil Balaji Under Scanner In Alleged TVK Government Toppling BidCongress Moves Privilege Motion Against Rajnath Singh Over Op Sindoor Claims; Seeks Transparency’Neglecting For 2.5 Years’ Kailash Vijayvargiya’s Letter To CM Mohan Yadav Triggers Political StormWATCH: Eggs, Vegetables Hurled At Mahua Moitra; TMC MP Accuses ‘BJP Goons’, Says Police Stood By123PhotostoriesLock Upp 2: Ram Kapoor, Sunita Ahuja to Akanksha Chamola—contestants’ net worth revealed; this celebrity tops the list with Rs 135 croreWilliam Faulkner’s quote, ‘You cannot swim for new horizons until you have courage to lose sight of the shore,’ perfectly explains why growth demands riskThink you will get your full deposit back? These surprisingly common move-out mistakes could lead to major deductions from your security depositPsychology says children need their parents the most during these 5 vulnerable moments of the day and how parents should respond during these momentsVande Bharat on a budget: 5 routes you can travel for under INR 1,5005 secrets to build an aura everyone feels attracted toPersonality test: Solo trip or holiday with your partner? What your travel style tells you about yourself5 shocking facts about octopuses that seem too strange to be realBengaluru daycare horror: 8 red flags every parent should know before choosing a daycare10 beautiful baby girl names inspired by the beauty of nature and their heartwarming meanings123Hot PicksLPG gas pricePatrick MahomesNEET PG RegistrationEmployees Provident Funds SchemeGTA 6India vs England t20Marcus SmartNayara petrol priceHow to Watch FIFA World Cup TodayTop TrendingNayara energy petrol priceLPG priceKetan Agarwal Murder CaseFIFA World Cup 2026Monaco BlastBengaluru TechieAnukalp MishraSergei IvanovIndigo Check-in Bag FaresAyodhya Ram Temple Donation Theft

NEW DELHI: The Tamil Nadu govt has moved the Supreme Court against the Madras high court order imposing a blanket ban on the slaughter of cows and calves in the state.In its plea, the Tamil Nadu govt challenged the May 27 order of the high court, which directed the chief secretary and the director general of police/head of police force to ensure that no cow or calf got slaughtered across the state either on the eve of Bakrid on May 28, or on any other day.“In a writ petition seeking a direction to ‘prevent the slaughter of cows in public places’, the HC ought to have travelled beyond the issue involved, to impose an absolute and blanket ban…,” the govt’s appeal said. The HC order was based on a 1976 ruling .Madras HC order on cow slaughter ban based on 1976 rulingOn May 27, the high court, while hearing a PIL filed by K Surya Prasanth, the general secretary of Hindu Makkal Katchi, which sought direction to prevent the slaughtering of cows in public places, directed the state govt to impose the blanket ban. The plea also sought directions that slaughter be carried out at designated places only.The high court order was based on a 1976 ruling, which prohibited cow slaughter in the interest of milk production and improvement of rural economy. In its plea, the state govt termed the order contrary to the Tamil Nadu Animal Preservation Act, 1958.The Act permits the slaughter of cows aged over 10 years that are unfit for work and breeding, on the basis of a certificate issued by a competent authority. The high court, however, imposed a blanket ban.Get the latest India news and live updates. Download the TOI App.End of ArticleFollow Us On Social MediaVideos’Highly Deplorable’: India Slams Pakistan Over Demolition Of 125-Year-Old Gurdwara In FarooqabadHealth Concerns Mount As Sonam Wangchuk’s Blood Sugar Falls, Weight Drops As Fast ContinuesDMK Seeks FIR Against CM Vijay, Alleges Plot To Induce MLAs And Alter Assembly NumbersCongress Claims BJP in West Bengal “Will Be Equally Aggressive”; MP Sparks Debate On GovernanceIran Invites BJP Chief Nitin Nabin, Congress Prez Kharge, Pawan Khera To Khamenei’s Funeral: ReportModi Cabinet Reshuffle Buzz: Will NDA Allies And Rebel MPs Find A Place In The Union Cabinet?Three Arrested, Senthil Balaji Under Scanner In Alleged TVK Government Toppling BidCongress Moves Privilege Motion Against Rajnath Singh Over Op Sindoor Claims; Seeks Transparency’Neglecting For 2.5 Years’ Kailash Vijayvargiya’s Letter To CM Mohan Yadav Triggers Political StormWATCH: Eggs, Vegetables Hurled At Mahua Moitra; TMC MP Accuses ‘BJP Goons’, Says Police Stood By123PhotostoriesLock Upp 2: Ram Kapoor, Sunita Ahuja to Akanksha Chamola—contestants’ net worth revealed; this celebrity tops the list with Rs 135 croreWilliam Faulkner’s quote, ‘You cannot swim for new horizons until you have courage to lose sight of the shore,’ perfectly explains why growth demands riskThink you will get your full deposit back? These surprisingly common move-out mistakes could lead to major deductions from your security depositPsychology says children need their parents the most during these 5 vulnerable moments of the day and how parents should respond during these momentsVande Bharat on a budget: 5 routes you can travel for under INR 1,5005 secrets to build an aura everyone feels attracted toPersonality test: Solo trip or holiday with your partner? What your travel style tells you about yourself5 shocking facts about octopuses that seem too strange to be realBengaluru daycare horror: 8 red flags every parent should know before choosing a daycare10 beautiful baby girl names inspired by the beauty of nature and their heartwarming meanings123Hot PicksLPG gas pricePatrick MahomesNEET PG RegistrationEmployees Provident Funds SchemeGTA 6India vs England t20Marcus SmartNayara petrol priceHow to Watch FIFA World Cup TodayTop TrendingNayara energy petrol priceLPG priceKetan Agarwal Murder CaseFIFA World Cup 2026Monaco BlastBengaluru TechieAnukalp MishraSergei IvanovIndigo Check-in Bag FaresAyodhya Ram Temple Donation Theft

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Marking a breakthrough in biological engineering, researchers claim to have created the world’s first synthetic cells that can feed, grow and replicate like a natural cell, taking a big step towards the holy grail of making a living organism out of non-living components.Developed by University of Minnesota scientists under a project called SpudCell, the work could in time lead to made-to-order living machines.“We’ve replicated in chemistry what only used to be possible in biology: the complete set of behaviours of a cell. It proves that fundamental functions of life, like growth and replication, don’t need a mysterious magical spark,” said Kate Adamala, who led the effort, in a note released by the varsity.The SpudCell isn’t quite ‘alive’. It can’t survive without deliveries of food and ribosomes, the molecular machines needed to make proteins. It also has no defences or a good waste removal system. SpudCell: Genetic change helped cells grow fasterBut experts said it’s the most compelling demonstration yet that it is possible to generate life from non-life. “This work is just the beginning. We are showing it’s possible to engineer the basic functions of the cell. To fully realise the promise of this technology — to make it robust and practical — we need combined international effort,” Adamala said.SpudCell is a pared down version of a living cell. While natural cells divide using internal scaffolding called a cytoskeleton, the synthetic cell sidesteps the need for a cytoskeleton with proteins that crowd together on the membrane surface until the mechanical stress makes the membrane split. Researchers introduced a genetic change that increased production of fusion protein, resulting in cells that grew faster and produced more offspring. After five generations, the faster-growing variant had out-competed the original, the university said.While a human genome is roughly 3 million kilobase pairs (kbp) in size, SpudCell’s genome is relatively tiny at 90 kbp. Rather than a single chromosome, the genome is split across seven separate DNA plasmids, allowing the team to “program” various functions of the cell independently.Get the latest India news and live updates. Download the TOI App.End of ArticleFollow Us On Social MediaVideos’Highly Deplorable’: India Slams Pakistan Over Demolition Of 125-Year-Old Gurdwara In FarooqabadHealth Concerns Mount As Sonam Wangchuk’s Blood Sugar Falls, Weight Drops As Fast ContinuesDMK Seeks FIR Against CM Vijay, Alleges Plot To Induce MLAs And Alter Assembly NumbersCongress Claims BJP in West Bengal “Will Be Equally Aggressive”; MP Sparks Debate On GovernanceIran Invites BJP Chief Nitin Nabin, Congress Prez Kharge, Pawan Khera To Khamenei’s Funeral: ReportModi Cabinet Reshuffle Buzz: Will NDA Allies And Rebel MPs Find A Place In The Union Cabinet?Three Arrested, Senthil Balaji Under Scanner In Alleged TVK Government Toppling BidCongress Moves Privilege Motion Against Rajnath Singh Over Op Sindoor Claims; Seeks Transparency’Neglecting For 2.5 Years’ Kailash Vijayvargiya’s Letter To CM Mohan Yadav Triggers Political StormWATCH: Eggs, Vegetables Hurled At Mahua Moitra; TMC MP Accuses ‘BJP Goons’, Says Police Stood By123PhotostoriesLock Upp 2: Ram Kapoor, Sunita Ahuja to Akanksha Chamola—contestants’ net worth revealed; this celebrity tops the list with Rs 135 croreWilliam Faulkner’s quote, ‘You cannot swim for new horizons until you have courage to lose sight of the shore,’ perfectly explains why growth demands riskThink you will get your full deposit back? These surprisingly common move-out mistakes could lead to major deductions from your security depositPsychology says children need their parents the most during these 5 vulnerable moments of the day and how parents should respond during these momentsVande Bharat on a budget: 5 routes you can travel for under INR 1,5005 secrets to build an aura everyone feels attracted toPersonality test: Solo trip or holiday with your partner? What your travel style tells you about yourself5 shocking facts about octopuses that seem too strange to be realBengaluru daycare horror: 8 red flags every parent should know before choosing a daycare10 beautiful baby girl names inspired by the beauty of nature and their heartwarming meanings123Hot PicksLPG gas pricePatrick MahomesNEET PG RegistrationEmployees Provident Funds SchemeGTA 6India vs England t20Marcus SmartNayara petrol priceHow to Watch FIFA World Cup TodayTop TrendingNayara energy petrol priceLPG priceKetan Agarwal Murder CaseFIFA World Cup 2026Monaco BlastBengaluru TechieAnukalp MishraSergei IvanovIndigo Check-in Bag FaresAyodhya Ram Temple Donation Theft

Marking a breakthrough in biological engineering, researchers claim to have created the world’s first synthetic cells that can feed, grow and replicate like a natural cell, taking a big step towards the holy grail of making a living organism out of non-living components.Developed by University of Minnesota scientists under a project called SpudCell, the work could in time lead to made-to-order living machines.“We’ve replicated in chemistry what only used to be possible in biology: the complete set of behaviours of a cell. It proves that fundamental functions of life, like growth and replication, don’t need a mysterious magical spark,” said Kate Adamala, who led the effort, in a note released by the varsity.The SpudCell isn’t quite ‘alive’. It can’t survive without deliveries of food and ribosomes, the molecular machines needed to make proteins. It also has no defences or a good waste removal system. SpudCell: Genetic change helped cells grow fasterBut experts said it’s the most compelling demonstration yet that it is possible to generate life from non-life. “This work is just the beginning. We are showing it’s possible to engineer the basic functions of the cell. To fully realise the promise of this technology — to make it robust and practical — we need combined international effort,” Adamala said.SpudCell is a pared down version of a living cell. While natural cells divide using internal scaffolding called a cytoskeleton, the synthetic cell sidesteps the need for a cytoskeleton with proteins that crowd together on the membrane surface until the mechanical stress makes the membrane split. Researchers introduced a genetic change that increased production of fusion protein, resulting in cells that grew faster and produced more offspring. After five generations, the faster-growing variant had out-competed the original, the university said.While a human genome is roughly 3 million kilobase pairs (kbp) in size, SpudCell’s genome is relatively tiny at 90 kbp. Rather than a single chromosome, the genome is split across seven separate DNA plasmids, allowing the team to “program” various functions of the cell independently.Get the latest India news and live updates. Download the TOI App.End of ArticleFollow Us On Social MediaVideos’Highly Deplorable’: India Slams Pakistan Over Demolition Of 125-Year-Old Gurdwara In FarooqabadHealth Concerns Mount As Sonam Wangchuk’s Blood Sugar Falls, Weight Drops As Fast ContinuesDMK Seeks FIR Against CM Vijay, Alleges Plot To Induce MLAs And Alter Assembly NumbersCongress Claims BJP in West Bengal “Will Be Equally Aggressive”; MP Sparks Debate On GovernanceIran Invites BJP Chief Nitin Nabin, Congress Prez Kharge, Pawan Khera To Khamenei’s Funeral: ReportModi Cabinet Reshuffle Buzz: Will NDA Allies And Rebel MPs Find A Place In The Union Cabinet?Three Arrested, Senthil Balaji Under Scanner In Alleged TVK Government Toppling BidCongress Moves Privilege Motion Against Rajnath Singh Over Op Sindoor Claims; Seeks Transparency’Neglecting For 2.5 Years’ Kailash Vijayvargiya’s Letter To CM Mohan Yadav Triggers Political StormWATCH: Eggs, Vegetables Hurled At Mahua Moitra; TMC MP Accuses ‘BJP Goons’, Says Police Stood By123PhotostoriesLock Upp 2: Ram Kapoor, Sunita Ahuja to Akanksha Chamola—contestants’ net worth revealed; this celebrity tops the list with Rs 135 croreWilliam Faulkner’s quote, ‘You cannot swim for new horizons until you have courage to lose sight of the shore,’ perfectly explains why growth demands riskThink you will get your full deposit back? These surprisingly common move-out mistakes could lead to major deductions from your security depositPsychology says children need their parents the most during these 5 vulnerable moments of the day and how parents should respond during these momentsVande Bharat on a budget: 5 routes you can travel for under INR 1,5005 secrets to build an aura everyone feels attracted toPersonality test: Solo trip or holiday with your partner? What your travel style tells you about yourself5 shocking facts about octopuses that seem too strange to be realBengaluru daycare horror: 8 red flags every parent should know before choosing a daycare10 beautiful baby girl names inspired by the beauty of nature and their heartwarming meanings123Hot PicksLPG gas pricePatrick MahomesNEET PG RegistrationEmployees Provident Funds SchemeGTA 6India vs England t20Marcus SmartNayara petrol priceHow to Watch FIFA World Cup TodayTop TrendingNayara energy petrol priceLPG priceKetan Agarwal Murder CaseFIFA World Cup 2026Monaco BlastBengaluru TechieAnukalp MishraSergei IvanovIndigo Check-in Bag FaresAyodhya Ram Temple Donation Theft

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