Emphasising the significance of financial security for senior citizens, Chief Economic Advisor V Anantha Nageswaran has stressed that long-term savings will be essential to maintain living standards as the country's elderly population grows in the coming decades.
Chief Economic Adviser (CEA) V Anantha Nageswaran on Thursday expressed optimism that the penal tariff imposed on certain imports will likely be withdrawn after November 30, signalling a potential easing of trade restrictions amid ongoing economic discussions.
He backed his argument by stating that the measures taken by the government, such as direct tax cuts, forthcoming GST tax structure reforms, and the employment-linked incentives, among others, are supportive of the overall economy.
Chief Economic Adviser V Anantha Nageswaran on Friday said India's domestic consumption growth can offset the US tariff-related losses, which is why the GDP estimates for the year 2025-26 haven't been revised downwards.
India has maintained a good growth rate despite difficult and unfavourable political and economic conditions noted Chief Economic Adviser V Anantha Nageswaran on Wednesday.
The Standing Committee on Finance on Friday discussed roadmap for India's economic growth in the light of global headwinds and economic challenges with Chief Economic Advisor V Anantha Nageswaran giving a presentation.
Chief Economic Advisor V Anantha Nageswaran on Thursday expressed confidence that India is on track to become a USD 5 trillion economy by 2027-28, even as the country navigates complex geopolitical challenges and positions itself to benefit from shifting global trade dynamics.
Chief Economic Advisor (CEA) Dr V Anantha Nageswaran expressed confidence on resilience of the economy and said India's economy is in good shape despite challenging global environment.
During a briefing on the Q3 GDP numbers, Nageswaran expressed optimism about India's medium-term economic prospects. He cited strong rural demand, recovering urban consumption, robust kharif production, and better rabi sowing as positive indicators for output growth.
Speaking at the Global Economic Policy Forum 2024, organized by the Confederation of Indian Industry (CII) under the theme 'Decadal Priorities for the Global Economy', Dr Nageswaran highlighted the importance of sustaining long-term growth while navigating global economic uncertainties.