Indian GDP growth an outlier amid global economies: CEA
India's GDP grew 8.4% in Q3 FY24, much higher than RBI's forecast of 6.5% for Q3 FY24
India's GDP grew 8.4% in Q3 FY24, much higher than RBI's forecast of 6.5% for Q3 FY24
"We may be underestimating India's GDP, based on the current statistics, rather than overestimating it," says V Anantha Nageswaran
New investment projects announced by the private sector have been the highest in Q1 of FY24 in 14 years, says CEA V. Anantha Nageswaran.
CEA Nageswaran says with momentum in economy, final estimate of FY23 economic growth will be higher than 7.2% GDP growth rate declared by govt
Capital investment by the private corporate sector is beginning to kick in despite several shocks coming in one after the other, says CEA V Anantha Nageswaran.
The next wave in the fintech sector could be the cash flow lending to MSMEs using account aggregator, UPI and OCEN, says CEA.
The appointment comes barely three days before the presentation of the economic survey scheduled on Monday.
The survey sees GDP contraction at 7.7% for FY21, but says a V-shaped recovery is visible. Consequently, FY22 growth is pegged at 11%.
With fundamental indicators pointing to a moderation in economic growth, equity markets were looking at the government to intervene. Finally, it has.
CEA Subramanian sees an investment-led model of growth as the panacea for many of the problems that are plaguing the economy today.