Business Standard

We shouldn't be mechanical about fiscal deficit targets: CEA Nageswaran

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

Chief Economic Adviser V Anantha Nageswaran
Premium

Chief Economic Adviser V Anantha Nageswaran

Arup RoychoudhuryAsit Ranjan Mishra New Delhi
The private sector has restored its profitability and balance-sheet strength, and thus should increase its capital expenditure plans, Chief Economic Advisor V Anantha Nageswaran said. In an exclusive interaction with Arup Roychoudhury and Asit Ranjan Mishra, Nageswaran said budget-deficit targets should be decided solely by debt levels and the ability of the government to spend money effectively. He said he would come up with an update to the Survey later in the year. Edited excerpts:

You have said a moderate to significant global economic slowdown will work in favour of India. Are you indicating that the Indian economy has decoupled from

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in