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Chief Economic Adviser V Anantha Nageswaran on Wednesday said that quality, relevance and adaptability of higher education will play a key role in transforming India's demographic dividend into growth accelerator in next 20 years. Speaking at the CII Global Higher Education Summit here, he said, states hold the key to the next phase of higher education reform in India. He stressed on addressing shortage of teachers urgently through mechanisms such as professors of practice and also improving the quality of education. Other key priorities for states include a shift from control to stewardship, moving from input-based to outcome-based regulation, adopting an entrepreneurial approach in public administration, and financing institutions based on differentiated roles and outcomes. "India is at a demographic and economic inflection point. Over the next two decades, millions of young Indians will enter the working age population. Whether this demographic dividend becomes a growth ...
Chief Economic Advisor V Anantha Nageswaran on Friday flagged the concentration of large and well-rated companies in the bond market for raising funds, and said there is a need to enable mid-sized firms to access markets "systematically and affordably". There is also a need to increase liquidity in the markets, and investors need to shed the tendency of holding papers till maturity, Nageswaran said. The "double-engine" of bond markets and bank funding will help provide the required financial support for a growing economy like India going forward, he said. Amid wider calls for self-reliance in the economic sphere, the academician-turned-policymaker made it clear that domestic money should "anchor" the funding in the Indian debt markets, and foreign flows should "complement" it. "The challenge today is not the absence of a debt market but its concentration. Large and highly rated firms raise capital with ease. The task ahead is to enable mid-sized corporates, infrastructure SPVs, sup
Chief Economic Advisor V Anantha Nageswaran on Wednesday said the Indian economy has responded quite satisfactorily to global headwinds, and exuded confidence that real GDP growth is likely to touch 7 per cent in FY26. Speaking at the India Maritime Week here, Nageswaran said three global rating agencies have recently upgraded their ratings on India, and if the country continues on the same track, India can "soon" break into the 'A' rating category. The academic-turned-policy advisor said the resilience shown by the economy, coupled with measures by the government and the Reserve Bank of India (RBI), places the Indian economy in a "comfortable position". "We should be quite satisfied with the way the Indian economy has responded to global uncertainties this year, and the tariff-related developments as well," he said. The policy measures, including relief in income tax and the recent GST rationalization "have combined to improve the economic growth prospects for this year to near or