Who is V A Nageswaran?

India currently is the fifth largest economy in the world with a GDP of around $3.9 trillion

Chief Economic Advisor V Anantha Nageswaran voiced concern that IPOs are increasingly serving as exit routes for early investors, diluting the purpose of public markets and long-term capital raising

The policy measures, including relief in income tax and the recent GST rationalization have combined to improve the economic growth prospects for this year, the CEA said

CEA Nageswaran highlighted that crises, big or small, often act as catalysts, prompting government, businesses, and households to take urgent actions that might otherwise be delayed

In the Economic Survey last week, Nageswaran said that Asia's third-largest economy is expected to expand at a modest clip of 6.3 per cent-6.8 per cent in the coming fiscal year

After 40 years of low inflation, there has been a spell of high inflation in the world with countries trying to figure ways to cope with it, the CEA said

CEA said that at a time when multiple routine tasks could be handled by technology and AI, India needed to adapt to these growth challenges in terms of the education system

India 'well covered', equipped to tackle El Niño impact: CEA

Nageswaran also said it may not be possible to attain all three goals of becoming net zero, achieving economic competitiveness, and attaining fiscal sustainability

Private consumption as a share of GDP was at a 16-year high, the CEA added

He said core and food inflation both came down, with a bumper harvest and healthy prospects for kharif season

Steel, cement sectors in India ready for greenfield investment, says Nageswaran

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IMF's latest estimates for global growth appear outdated, he says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