Page 7 - Chief Economic Advisor

India is not defending rupee, it can take care of itself: CEA Nageswaran

Chief Economic Advisor V Anantha Nageswaran on Tuesday said India is not defending the rupee and the Reserve Bank of India is taking necessary steps to ensure that the movement of the rupee is gradual and in line with market trends. Nageswaran further said that the rupee is being managed in a manner that reflects the fundamentals of the economy. "India is not defending the rupee... I don't think Indian fundamentals are such that we need to defend the rupee. The rupee can take care of itself," he said at an event here. The Indian rupee, in August, had touched an all-time low of 80.15 against the US dollar. It is currently hovering at 79.25 level against the American currency. "The RBI is making sure that whatever direction the rupee is moving in line with the market trends is just gradual and doesn't impose burden either on the importers or the exporters," Nageswaran added. On declining foreign exchange reserves, he said, "Global risk aversion prevents capital from coming in. Natur

India could grow at about 7% annually this decade: CEA Anantha Nageswaran

India should be able to grow at about 7% annually this decade as investment spending is expected to rise and the digital economy picks up, the chief economic adviser said on Tuesday

Patent officers' body moves CAT against high work targets: Report

The petition states that such high standards were adversely impacting the association's service conditions and hurting India's economic interests

After finance ministry stint, K V Subramanian starts new innings as IMF ED

The India ED also represents Bangladesh, Bhutan and Sri Lanka, along with another appointee from one of these countries

Rupee strengthened against all major currencies other than dollar: CEA

He added that unlike earlier crises, the depreciation of the rupee against the US dollar was lower than other major global currencies such as the Swiss Franc, the Euro, the British pound and the Yen

Assessing & delivering bad news on economy no longer taboo in FinMin

Change in mindset has been brought on by Chief Economic Advisor V Anantha Nageswaran who has ensured that discussions on the economy are now much more data-driven and without bluster

Govt to make sure capital expenditure supports growth momentum: CEA

The government is committed to ensure that capital expenditure will continue to support the economic growth momentum regained after the third Covid-19 wave, CEA V Anantha Nageswaran said

'Not a difficult target': India would be a $5-trn economy by FY27, says CEA

Addressing an event organised by UNDP India, Nageswaran said India is relatively better placed than other emerging economies

India has shown exemplary resilience in recovery from Covid-19 crisis: CEA

The country has shown exemplary resilience in recovery from the Covid-19 pandemic crisis, Chief Economic Advisor (CEA) Anantha Nageswaran said

Cryptos akin to a world of Carribean pirates in absence of regulation: CEA

V Anantha Nageswaran said the recent development in Terra-Luna cryptocurrency, which witnessed a massive meltdown last month, is a 'very important cautionary tale'

India prepared to deal with global macroeconomic challenges: CEA

Asserts country's fundamentals are strong, govt and RBI will meet challenges with 'flexible and adroit' policymaking

India better placed to face global challenges and uncertainties: CEA

Chief Economic Adviser V Anantha Nageswaran on Wednesday said amid global uncertainties caused by the ongoing Russia-Ukraine war, India is still better placed among the large economies

FY23 GDP forecasts by various agencies realistic: CEA Anantha Nageswaran

Range between RBI's 7.2% and IMF's 8.2% a reasonable prediction, says CEA

Economy to feel pinch of higher commodity prices: CEA V Anantha Nageswaran

'Employment generation is both a near-term and long-term priority', said Nageswaran

See pvt-sector capex picking up in H2FY23: CEA V Anantha Nageswaran

"Bank credit is beginning to pick up, especially in the micro, small and medium enterprises sector," Chief Economic Advisor (CEA) V Anantha Nageswaran said

Budget assumptions prudent, will help macro-fundamentals to hold-up: CEA

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.

Indian economy poised for recovery, but high crude prices worrisome: CEA

The banking sector in the country is stable, capital is available and credit offtake is poised to take off, said CEA V Anantha Nageswaran at a webinar organised by Bharat Chamber of Commerce

Meet the CEA who did not present this year's Economic Survey

The govt appointed V Anantha Nageswaran as the next Chief Economic Adviser three days before the Union Budget. A peek into the life of this well-known commentator on topical economic developments

TMS Ep99: Budget2022, VA Nageswaran, Shankar Sharma Q&A, Demand for Grants

What are the key takeaways from Budget 2022? Who is V Anantha Nageswaran? What is First Global's Shankar Sharma's take on the Budget this year? What is Demand for Grants? All answers here

Budget 2022: India may become $5-trn economy by FY26 or FY27, says CEA

In 2019, Prime Minister Narendra Modi envisioned to make India a $5 trillion economy by the Financial Year 2024-25