India prepared to deal with global macroeconomic challenges: CEA

Asserts country's fundamentals are strong, govt and RBI will meet challenges with 'flexible and adroit' policymaking

Chief Economic Advisor (CEA) V Anantha Nageswaran on Wedn­esday said the government was prepared to deal with the current global macroeconomic challenges through ‘flexible and adroit’ policymaking.

Speaking at an event organised by the finance ministry and Securities and Exchange Board of India, the CEA said while there were many near-term challenges, India’s medium-term fundamentals were strong.

“While we are focusing on the near-term concerns and challenges, we need to understand that the medium-term fundamentals of the Indian economy remain solid, and we are much better placed than anywhere in the world to face the challenges that we are currently encountering,” Nageswaran