Says lessons for India have not changed, banking sector should remain mindful of duration risk and credit risk, which then includes concentration risk
IMF's latest estimates for global growth appear outdated, he says
'Morality, ethics should undergird free-market economy'
Data for the third quarter of FY23 may be revised upwards: Nageswaran
Comparing a data point that has been revised 3-4 times with another that is still called 'advanced estimate' isn't a cases if apples-to-apples but of apples-to-oranges, says V Anantha Nageswaran
The 2022-23 Economic Survey, Nageswaran's first as CEA, projected 6.5 per cent as baseline growth for FY24, within a range of 6-6.8 per cent
The CEA also said that as nominal and real GDP growth improve, many more urban jobs will be created and that will also absorb more of the rural workforce
In an exclusive interaction with Arup Roychoudhury and Asit Ranjan Mishra, V A Nageswaran said that budget deficit targets should be solely decided by debt levels are sustainable
Higher growth will need more reforms
The government, however, imparted a new dimension to these reforms in the last eight years
The Indian economy is on track to achieve a 6.8-7 per cent GDP growth in the current fiscal, Chief Economic Advsior V Anantha Nageswaran said on Wednesday
Vision document in July to provide road map for next 3-5 years as well as for 'Amrit Kaal'
He said that the way the oil price cap is being discussed has encouraged oil and gas traders to stock up on volumes, creating unintended consequences
Nageswaran flags climate finance as a key agenda of bloc in face of 'unknown unknowns'
Recently, the International Monetary Fund (IMF) projected 6.8 per cent real growth for this year and 6.1 per cent for next year for India
Global slowdown positive for India on balance, says CEA
SpiceJet has sent approximately 80 pilots on leave without pay for three months in order to rationalise its costs.
"I don't think Indian fundamentals are such that we need to defend the rupee. The rupee can take care of itself," the country's chief economic adviser, V. Anantha Nageswaran, said.
The visit is consequent to the meetings held by Sri Lankan envoy in New Delhi Milinda Moragoda with External Affairs Minister S Jaishankar and FM Nirmala Sitharaman on June 20, the report said.
Addressing an event organised by UNDP India, Nageswaran said India is relatively better placed than other emerging economies