Page 2 - Chief Economic Advisor

Run-up to Budget: Economic Survey may peg India's FY24 GDP growth at 6-7%

Economic Survey to focus on India's response to Covid, geopolitical shocks

India emerges as 'positive spot' due to policy responses, says ex-CEA

India has emerged as a positive spot in the world economy, due to the well-designed policy responses that were implemented during the COVID crisis, Krishnamurthy Subramanian, Executive Director (India)- International Monetary Fund Designate said on Tuesday. He was addressing All India Services, Central Civil Services, and Military Engineer Services Officers at Dr MCR HRD Institute of Telangana here, an official release said. The former Chief economic Advisor said the policy response of the Centre addressed supply side disruptions, by allowing movement of essential commodities even during the lockdown, as any disruptions in the supply chain would have made it extremely difficult to kick-start the economy, once again. Analysing the COVID policy response, Subramanian said as the Indian economy emerges from the COVID crisis, it is far more resilient than it was at the time of the earlier crisis. India is poised to enter a decade of growth at over seven per cent, which was in line with

India's fintech market to reach $1 trillion by 2030: Chief Economic Advisor

India's fintech market is expected to reach $1 trillion by 2030, from $31 billion in 2021, Chief Economic Advisor Dr V. Anantha Nageswaran said here on Tuesday.

Slowdown in West, on balance, would be positive for India: CEA Nageswaran

'Signs are very encouraging' are for the Indian economy, he says in an interview

CEA says India poised to grow at 7% this year and for rest of decade

Economic Survey had pegged FY23 GDP growth higher at 8-8.5%

Rupee doesn't need defending, it can take care of itself: CEA Nageswaran

Nageswaran said while international agencies were showing India's trend growth at 6%, the country could easily grow at 7% per annum for the rest of the current decade and beyond

India is not defending rupee, it can take care of itself: CEA Nageswaran

Chief Economic Advisor V Anantha Nageswaran on Tuesday said India is not defending the rupee and the Reserve Bank of India is taking necessary steps to ensure that the movement of the rupee is gradual and in line with market trends. Nageswaran further said that the rupee is being managed in a manner that reflects the fundamentals of the economy. "India is not defending the rupee... I don't think Indian fundamentals are such that we need to defend the rupee. The rupee can take care of itself," he said at an event here. The Indian rupee, in August, had touched an all-time low of 80.15 against the US dollar. It is currently hovering at 79.25 level against the American currency. "The RBI is making sure that whatever direction the rupee is moving in line with the market trends is just gradual and doesn't impose burden either on the importers or the exporters," Nageswaran added. On declining foreign exchange reserves, he said, "Global risk aversion prevents capital from coming in. Natur

India could grow at about 7% annually this decade: CEA Anantha Nageswaran

India should be able to grow at about 7% annually this decade as investment spending is expected to rise and the digital economy picks up, the chief economic adviser said on Tuesday

Patent officers' body moves CAT against high work targets: Report

The petition states that such high standards were adversely impacting the association's service conditions and hurting India's economic interests

After finance ministry stint, K V Subramanian starts new innings as IMF ED

The India ED also represents Bangladesh, Bhutan and Sri Lanka, along with another appointee from one of these countries

Rupee strengthened against all major currencies other than dollar: CEA

He added that unlike earlier crises, the depreciation of the rupee against the US dollar was lower than other major global currencies such as the Swiss Franc, the Euro, the British pound and the Yen

Assessing & delivering bad news on economy no longer taboo in FinMin

Change in mindset has been brought on by Chief Economic Advisor V Anantha Nageswaran who has ensured that discussions on the economy are now much more data-driven and without bluster

Govt to make sure capital expenditure supports growth momentum: CEA

The government is committed to ensure that capital expenditure will continue to support the economic growth momentum regained after the third Covid-19 wave, CEA V Anantha Nageswaran said

'Not a difficult target': India would be a $5-trn economy by FY27, says CEA

Addressing an event organised by UNDP India, Nageswaran said India is relatively better placed than other emerging economies

India has shown exemplary resilience in recovery from Covid-19 crisis: CEA

The country has shown exemplary resilience in recovery from the Covid-19 pandemic crisis, Chief Economic Advisor (CEA) Anantha Nageswaran said

Cryptos akin to a world of Carribean pirates in absence of regulation: CEA

V Anantha Nageswaran said the recent development in Terra-Luna cryptocurrency, which witnessed a massive meltdown last month, is a 'very important cautionary tale'

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

India better placed to face global challenges and uncertainties: CEA

Chief Economic Adviser V Anantha Nageswaran on Wednesday said amid global uncertainties caused by the ongoing Russia-Ukraine war, India is still better placed among the large economies

FY23 GDP forecasts by various agencies realistic: CEA Anantha Nageswaran

Range between RBI's 7.2% and IMF's 8.2% a reasonable prediction, says CEA

Economy to feel pinch of higher commodity prices: CEA V Anantha Nageswaran

'Employment generation is both a near-term and long-term priority', said Nageswaran