New Delhi, Jan 29 (IANS) Chief Economic Adviser V. Anantha Nageswaran said on Thursday that the weakness of the Indian rupee compared to the US dollar is not out of line with other emerging market currencies, which are also going through the same geopolitical risks.Responding to an IANS question in the national capital, Nageswaran said that as the fundamentals continue to display strength and solidity, investors will reappraise their stance towards the Indian currency.”If we continue on the path…
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New Delhi, Jan 29 (IANS) A strong manufacturing sector can push India’s medium-term economic growth to 7.5 or 8 per cent, higher than the 7 per cent projected in the Economic Survey, Chief Economic Adviser V. Anantha Nageswaran said on Thursday.Addressing the media after the tabling of the Economic Survey in the Parliament, the CEA said that a strong manufacturing sector, which pushes up exports, would also reduce the current account deficit and bolster the rupee.He also said that the sector i…
New Delhi, Jan 29 (IANS) Finance Minister Nirmala Sitharaman on Thursday tabled the Economic Survey 2026 in Parliament, which will set the official tone on how the economy of the country is performing on a strong note despite global uncertainties and US tariffs.The Economic Survey will reveal India’s projected GDP growth estimates for the current fiscal (FY26) as well as the upcoming financial year (FY27). The key pre-budget document summarises the annual economic development of India and char…
New Delhi, Jan 29 (IANS) Nirmala Sitharaman is the first woman to present the Union Budget for the ninth consecutive time, making history in the country’s Parliamentary history, Prime Minister Narendra Modi said on Thursday.Addressing the 2026 Budget Session in Parliament, PM Modi said that one-fourth of the 21st century has gone by. “This is the beginning of the next quarter. To attain the goal of Viksit Bharat in 2047, the important phase of these 25 years has begun. The first Budget of this…
New Delhi, Jan 29 (IANS) The government is all set to table the Economic Survey 2026 in Parliament on Thursday — ahead of the Union Budget 2026-27 on February 1 — which will set the official tone on how the economy of the country is faring amid global uncertainties.Finance Minister Nirmala Sitharaman will present the Economic Survey. All eyes will be on India’s projected GDP growth estimates for the current fiscal (FY26) as well as the upcoming financial year (FY27).The key pre-budget docume…
New Delhi, Jan 13 (IANS) Inclusive finance has to be embedded in a broader ecosystem of health-care insurance and social security to protect lenders as well as borrowers, Chief Economic Advisor V. Anantha Nageswaran said on Tuesday.In his address at the Global Inclusive Finance Summit, Nageswaran said one of the main reasons why people default on the repayment of loans was unexpected events such as health-related shocks.”Even well-designed credit cannot do everything on its own. When illness str…
New Delhi, Dec 23 (IANS) The Ministry of Statistics and Programme Implementation (MoSPI) does not expect a significant change in India’s GDP growth estimates after the release of the revised national accounts series in February next year, MoSPI Secretary Saurabh Garg said on Tuesday.“Too early to say on its impact on GDP numbers. In general, we don’t expect much change from our previous expectations,” Garg told journalists here.The government is set to release the new GDP series along wi…
New Delhi, Dec 22 (IANS) The Ministry of Statistics and Programme Implementation (MoSPI) is organising the second pre-release consultative workshop on the base revision of the Gross Domestic Product (GDP), Consumer Price Index (CPI), and Index of Industrial Production (IIP) at the Bharat Mandapam here on Tuesday.The primary objective of the workshop is to share the proposed methodological and structural changes in the ongoing base revision of the GDP, the CPI, and the IIP for seeking feedback an…