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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

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File photo of CEA V Anantha Nageswaran.

6 min read Last Updated : Sep 20 2022 | 9:53 PM IST

The government believes that India’s FY23 GDP growth will be between Reserve Bank of India’s forecast of 7.2 per cent and International Monetary Fund’s prediction of 7.4 per cent, Chief Economic Advisor V Anantha Nageswaran has said.

The slowdown in advanced economies is good for India on balance as the prices of oil and other commodities are cooling to ease domestic inflationary pressures, Nageswaran told Arup Roychoudhury. The government is looking at options on the fiscal side to tame inflation, he said.

Here are excerpts from an interview.

The last monthly economic report stated that things are looking good for

Topics : Reserve Bank of India Nirmala Sitharaman Inflation Indian Economy International trade Gross domestic product China Economic slowdown International Monetary Fund Finance minister monetary policy GDP forecast India GDP growth Chief Economic Advisor

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