New Delhi, June 13 (IANS) India’s external sector has become significantly more resilient and the country’s macroeconomic fundamentals are now better placed to withstand global shocks, according to Chief Economic Advisor (CEA) V. Anantha Nageswaran.Speaking at NDTV Ignite Summit, Nageswaran said the risks facing the external sector have eased considerably, adding that the Reserve Bank of India (RBI) is unlikely to face pressure to draw down its foreign exchange reserves to manage the rupee.On th…
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New Delhi, June 5 (IANS) India could return to a growth rate of over 7 per cent by FY28 if macroeconomic stability is maintained and supply-side reforms continue, Chief Economic Adviser V. Anantha Nageswaran said on Friday. His statement comes at a time when global uncertainties continue to cloud the near-term economic outlook.The remarks were made shortly after the Reserve Bank of India revised its GDP growth forecast for FY27 downward to 6.6 per cent, compared to 6.9 per cent projected in Apri…
New Delhi, May 12 (IANS) The future of India’s growth will be determined by how inclusively micro-enterprises are enabled to adopt, adapt, scale, and compete, Chief Economic Advisor (CEA) Dr V Anantha Nageswaran, said on Tuesday.Addressing a session during the ‘CII Annual Business Summit 2026’ here, Nageswaran said in many leading economies, MSMEs are not technological backwaters but often at the forefront of innovation and technological advancement.“India’s micro-enterprises must evol…
New Delhi, May 2 (IANS) India’s economy is likely to sustain growth above seven per cent in the near term even as geopolitical tensions in West Asia pose risks to the macroeconomic outlook, Chief Economic Adviser (CEA) V. Anantha Nageswaran said on Saturday.He noted that the timing of the conflict coincides with expectations of another year of strong growth, adding that the Union government is closely monitoring and managing crude oil supply dynamics.CEA Nageswaran said India’s reliance on impor…
New Delhi, April 24 (IANS) India’s currency may be under pressure in the short term, but its long-term story remains compelling, Chief Economic Adviser V. Anantha Nageswaran has said, describing the rupee as “fundamentally undervalued” and an attractive opportunity for investors.Speaking to Bloomberg, Nageswaran said the current valuation of the rupee offers a strong entry point, particularly for long-term investors looking at India’s growth potential.His remarks come at a time when the …
Washington, April 15 (IANS) India’s economic growth remains robust, but rising global uncertainties could weigh on the outlook in the coming months, Chief Economic Advisor (CEA) V. Anantha Nageswaran said on Wednesday. Speaking at the US-India Economic Forum 2026, Nageswaran said India has sustained strong growth in recent years, but cautioned that external risks have intensified.“We shouldn’t underestimate or understate the wide range of uncertainty that prevails,” he said, referr…
Washington, April 15 (IANS) India’s remittance inflows could come under pressure if economic disruption persists in the Gulf region, with potential losses estimated at up to $10 billion, Chief Economic Advisor V. Anantha Nageswaran said on Wednesday. Addressing the US-India Economic Forum 2026, Nageswaran highlighted the vulnerability of remittance flows to geopolitical tensions and economic slowdowns in key host countries.India received about $124 billion in remittances in 2024–25, ma…
Washington, April 15 (IANS) In the wake of the Iran-US war, rising crude oil prices and broader commodity pressures could complicate India’s inflation outlook and raise production costs across sectors, Chief Economic Advisor V. Anantha Nageswaran warned on Wednesday. Speaking at the US-India Economic Forum 2026, Nageswaran said the impact of global conflict extends beyond crude prices to a wider set of critical inputs. “It is not purely about the price of oil… it is about the commoditie…
Washington, April 15 (IANS) India faces rising risks from global conflict and energy price volatility, but enters the new financial year with a strong macroeconomic position, Chief Economic Advisor V. Anantha Nageswaran said on Wednesday. Speaking at the US-India Economic Forum 2026, Nageswaran said the government’s 6.5 per cent GDP growth forecast may be conservative, but cautioned that “we shouldn’t underestimate or understate the wide range of uncertainty that prevails.”He said …
New Delhi, March 28 (IANS) Chief Economic Advisor V. Anantha Nageswaran on Saturday said that given the considerable impact of the West Asia conflict on India’s economy, the country should leverage the fallout to redouble its recent reform efforts to enhance India’s competitiveness and preparedness. The ‘entrepreneurial mindset’ in bureaucracy, accompanied by enhanced speed of decision-making, is precisely what is called for if India is to emerge from this episode stronger, more resil…