Economic momentum continues, upside to FY24 GDP growth likely: CEA
"We may be underestimating India's GDP, based on the current statistics, rather than overestimating it," says V Anantha Nageswaran
v anantha nageswaran
November 2023
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India's growth rate towers above several leading economies: CEA
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 dismisses idea of universal basic income
CEA further said this could create ground for perverse incentives and dissuade people from income generating opportunities.
Manufacturing regains brisk growth, pvt investment catching up: CEA
Most estimates pegged Q4 FY23 growth rate in ballpark of 5%. GDP growth rate in full year 2022-23 stood at 7.2% compared with 9.1% in 2021-22
Social sector allocations lower only on paper, no beneficiaries left out, says CEA
The database has been cleaned up, ineligible beneficiaries have been eliminated. No deserving beneficiary will go without PM Kisan payment, says Nageswaran.
Pandemic, commodity price shock hurt pvt capex: CEA
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.
Manufacturing, services, global supply chain plans to raise GDP growth to 8%: CEA
V Anantha Nageswaran pointed out that India may achieve its potential growth if the global situation becomes less hostile.
Indian economy to reach $7 tn in next 7 yrs: CEA Nageswaran
Nageswaran said the continuation of the Russia-Ukraine conflict at the beginning of 2023 will "create geopolitical and geo-economic uncertainties."
India's fintech market to reach $1 trillion by 2030: CEA
The next wave in the fintech sector could be the cash flow lending to MSMEs using account aggregator, UPI and OCEN, says CEA.
Rupee moderate; Yen, Pound depreciating faster, says CEA
Nageswaran says whenever Federal Reserve is on an aggressive tightening, this type of currency reaction happens historically. This time it is far more moderate, he adds
