The presence of a dollar stablecoin will bring with it its own challenges for monetary policy, monetary transmission and for seigniorage benefits of any country, CEA said
Nageswaran said the government is expecting ramp up in private sector spending data with fiscal prudence and stability, ease of doing business as building blocks
Chief Economic Adviser said, 'I do believe that there will be a resolution in the next couple of months on the penal tariff and hopefully on the reciprocal tariffs,' while pointing to the continued trade talks between India and the US
Nageswaran also cautioned that the upcoming quarters could see some impact, particularly on the external sector, due to tariffs affecting export growth, which might spill over into domestic production and capital formation.
Economic Survey 2025: With less than 48 hours remaining for the Union Budget 2025, the public is eagerly awaiting what changes the government will bring in the financial blueprint and how it will impact the different class of citizens in the country. A day before the Finance Minister tables the Budget document, the Economic Survey is presented in the Parliament. The presentation of the Economic Survey marks the beginning of the Budget Session. Finance Minister Nirmala Sitharaman will table her eighth consecutive Union Budget this year on February 1, 2025.What Is The Economic Survey? The survey represents a report card of the domestic economy and is seen as a roadmap for the government and its fiscal priorities. Watch here for more details
Nageswaran argued that the drop in economic growth “should not be overinterpreted as spike in global uncertainty index”
The household investment in shares and debentures almost doubled to Rs 2.06 lakh crore in 2022-23 from Rs 1.07 lakh crore in three years from 2020-21
The Indian economy is expected to keep growing at 6.5-7 percent in the coming years and it is important to maintain the pace of growth, the CEA has said
According to Nageswaran, a decline in the share of Private Final Consumption Expenditure in the GDP of 2023-24 is not a sign of demand slowdown but reflects growth in the economy being more evenly distributed than before.
According to the government's chief economic adviser, if macroeconomic stability is interpreted more broadly than just fiscal and monetary stability, then the current conditions could lead to more instability instead of less
According to the government's chief economic advisor, while the world is not currently in the 'golden era' of globalisation, global trade volumes do not definitely say if the world is becoming more fragmented
Nageswaran was speaking at a workshop on climate finance jointly organised by the finance ministry's department of economic affairs and the Asian Development Bank
Nageswaran also rejected the K-shaped recovery theory that is being used to describe India's post-pandemic rebound. According to him, it is akin to the phrase 'Hindu rate of growth' that was "unthinkingly" used and stuck for no reason.
As the government’s chief economist, Nageswaran brings intellectual heft to the Centre's policies and sheds light on evolving economic developments
According to the government's top economist, an objective assessment of governance levels in countries – and in turn, their credit ratings – could help reduce financing costs for emerging economies by billions of dollars
According to economists, the inclusion of Indian government bonds in JPMorgan's global indices could result in inflows of as much as $30 billion. This would exert upward pressure on the Indian rupee.
According to the chief economic adviser, both the government and the RBI are taking measures such that any price increase is kept in check
The government's top economist was speaking to reporters after data showed India's GDP grew by 7.8 percent in April-June, slightly higher than the consensus estimate of 7.7 percent but lower than the RBI's forecast of 8 percent
The CEA said that India's export of goods has stabilized at $450 billion amid the global economic slowdown. However, the export of services is experiencing steady growth, currently standing at $350 billion and expanding at a rate of 25-30%.
The better-than-expected GDP numbers for January-March and 2022-23 have given confidence to the Indian government's top economist to say that risks to his growth forecast of 6.5 percent for 2023-24 are now evenly balanced
The Production-Linked Incentive (PLI) scheme, which is the flagship program of the Centre, has faced criticism from certain sectors for its perceived failure to generate adequate employment opportunities.
As per data released on February 28, the manufacturing sector contracted by 1.1 percent in October-December
The government's top economist was presenting the Centre's view in a post-Budget discussion with think tanks
The last time the rupee went past the 82 mark against the US dollar was on January 10
The Survey quoting the latest Global FinTech Adoption Index said while the world average is 64%, India has achieved 87 per cent fintech adoption