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
Stagflation is the phase when an economy faces moderation in GDP growth as well as high inflation
The GDP expanded by 4.1 per cent in the final quarter of the 2021-22 fiscal year, according to data released by the National Statistical Office.
'Employment generation is both a near-term and long-term priority', said Nageswaran
The investment from private sector has been muted for past many years despite several measures, including corporate tax cut, taken by the government to reinvigorate it
Chief Economic Advisor V Anantha Nageswaran on Friday said prudent budget assumptions for FY23 will ensure that the macro-fundamentals will be able to hold-up in the near-term.