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The Latest Breaking News from V Anantha Nageswaran

Era of software and MBA is over; time to respect welders, plumbers and electricians: Chief Economic Advisor Nageswaran

"The technological advance cannot take away your employability. So you should equip yourself with trade skills. The globalising world gave us an advantage for our software, computer science or MBA education. But that era is over. It's about trade skills. It's about soft skills, which AI cannot easily replace, where…

The Economic Times

Question is affordability, whether other expenditure can benefit people more than freebies: CEA Nageswaran pitches for focused welfare interventions

Nageswaran said the issue should be looked at sensibly rather than on an emotional plane and the question that needs to be asked is if it is helping people or it could have been done differently.

The Economic Times

CEA Nageswaran cites East Asia, says protection must be tied to productivity and global competitiveness

Chief Economic Advisor V Anantha Nageswaran highlighted that East Asian economies like China, South Korea, and Vietnam succeeded by offering conditional government support to domestic industries. This support was contingent on demonstrable performance, productivity, and international competitiveness, with aid withdrawn if these metrics weren't met. Nageswaran emphasized this 'protection for…

The Economic Times

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AI can be more disruptive as it targets both cognitive and skill-based jobs: CEA Nageswaran

AI's impact on jobs is broader than past tech shifts, affecting both cognitive and skill-based roles, according to chief economic adviser V Anantha Nageswaran. He cautioned that current fears are overblown, driven by hype rather than evidence. While some routine tasks may be impacted, history suggests job transformation, not mass…

The Economic Times

CEA Anantha Nageswaran says AI stock valuations definitely in a bubble

India's Chief Economic Advisor V Anantha Nageswaran warns that artificial intelligence stock valuations are a bubble. He believes the narrative around AI's productivity gains and impact on jobs is exaggerated. Global investors have poured billions into AI-linked companies, driving record valuations for firms like Nvidia. Concerns are rising about a…

The Economic Times

India risks becoming "unhealthier before it becomes richer," CEA V Anantha Nageswaran warns

India faces a health challenge before achieving wealth. Chief Economic Advisor V Anantha Nageswaran points to rising obesity and sedentary lifestyles. This impacts productivity and economic growth. He urges individuals to incorporate physical activity into daily routines. Improved health outcomes are seen as hidden growth potential for Viksit Bharat. This…

The Economic Times

CEA defends India's GDP data, says country does not use methodology changes to inflate growth numbers

Nageswaran responded to concerns raised by some economists over India's GDP estimates, stressing that GDP measurement is an estimate in every country and that India follows internationally accepted statistical practices.

The Economic Times

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Quarter after quarter, year after year, India is fastest growing economy: FM Sitharaman

Finance Minister Nirmala Sitharaman said India remains the world's fastest-growing major economy and accused Congress leader Rahul Gandhi of undermining the country's achievements by repeatedly predicting crises that have not materialised.

The Economic Times

Is India's economic growth real? Raghuram Rajan says something is off

Former RBI Governor Raghuram Rajan questions India's strong economic growth figures, citing weak corporate investment and declining foreign capital inflows. He argues these factors are difficult to reconcile with official data, suggesting a disconnect between headline numbers and business behavior. Rajan also highlights the lack of a clear economic roadmap…

The Economic Times

India can return to 7% GDP growth path in FY28 with macro stability, supply measures: CEA Nageswaran

India is on the brink of achieving a robust 7 percent growth in FY28, contingent on maintaining macro stability and ensuring supply chains remain intact. The improvement of external conditions will play a critical role in this outlook. Meanwhile, the Reserve Bank has adjusted its FY27 GDP forecast down to…

The Economic Times

Energy prices, current account deficit, balance of payments big priorities right now: CEA

Managing macroeconomic fundamentals like balance of payments and current account deficit is a top priority for the government. The West Asia conflict has caused a global energy shock. Chief economic advisor V Anantha Nageswaran highlighted this urgency. He also spoke on securitisation and microfinance thresholds. Priority Sector Lending mandates are…

The Economic Times

West Asia crisis a balance of payments stress test, India better placed to navigate: Nageswaran

India's Chief Economic Advisor V. Anantha Nageswaran described the West Asia crisis as a "live balance of payments stress test" impacting inflation and currency. He highlighted India's strong fiscal consolidation, infrastructure investment, and reforms as crucial for navigating this challenging environment, emphasizing the need for strategic repositioning in a structurally…

The Economic Times

Indian firms don’t want to invest in India

Indian companies are not investing as much as the government expects them to. Despite tax cuts and infrastructure spending, businesses have been hesitant. Officials blame this on a lack of appetite for expansion, but the real reasons possible include high political risk and unpredictable policies.

The Economic Times

Govt extends tenure of Chief Economic Advisor

Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi approved hi extension. Read further on Dynamite News:

Dynamite News

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Newslaundry

Modi 3.0 brings coalition concerns, and a paradox for pink papers

“India Inc wants new govt to create jobs, control inflation.”

The Hindu

Congress has concrete plan to tackle unemployment, will be revealed in its manifesto: Chidambaram

Congress leader P. Chidambaram criticises BJP government over Chief Economic Advisor's remarks on unemployment, reveals party's plan in manifesto.

The Hindu

India’s economic prospects good in the short term, says Chief Economic Advisor Anantha Nageswaran

Chief Economic Advisor Anantha Nageswaran said India’s short and medium-term economic prospects were good. But, long term challenges need to be addressed to maintain growth momentum. Transition to renewable energy, spending on Rand D are some areas that need attention.

The Times of India

India poised for world-beating growth, CEA Anantha Nageswaran says

NEW DELHI: India’s strong credit demand and softening crude oil prices could buoy the economy, putting the South Asian country on course for a 6.5% expansion this fiscal year, according to a top adviser to the finance ministry.

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The Times of India

Govt trims budget for MGNREGS as PMAY, Jal Jeevan get more funds, says CEA

NEW DELHI: Chief economic advisor (CEA) V Anantha Nageswaran on Monday said the allocation for the Mahatma Gandhi National Rural Employment Scheme (MGNREGS) has been reduced in the Budget for 2023-24 as more funds have been allocated towards Pradhan Mantri Aawas Yojana and Jal Jeevan Mission, which are expected to…

The Times of India

Indian economy poised to do better, inflation to be well-behaved next fiscal: CEA Anantha Nageswaran

NEW DELHI: Indian economy is poised to do better and is expected to grow 6.5-7 per cent in the remainder of the decade, chief economic advisor (CEA) V Anantha Nageswaran said on Tuesday.

The Times of India

Economy to grow by 7% in FY23; current account deficit may widen: Highlights of Economic Survey 2023

Chief economic advisor (CEA) V Anantha Nageswaran on Tuesday unveiled the Economic Survey 2022-23 and said that the Indian economy is poised to do better on the back of reforms undertaken by the government.

The Times of India

India expected to become $7 trillion economy in seven years: CEA

KOLKATA: Chief economic advisor V Anantha Nageswaran said that the Indian economy will be $3.5 trillion at current prices by the end of the 2022-23 fiscal and is expected to be $7 trillion in the next seven years.

The Times of India

India on track to achieve 6.8-7% GDP growth this fiscal: CEA Anantha Nageswaran

NEW DELHI: The Indian economy is on track to achieve a 6.8-7 per cent GDP growth in the current fiscal, chief economic advisor (CEA) V Anantha Nageswaran said on Wednesday.

The Hindu

India not defending INR; Rupee can take care of itself: Chief Economic Advisor Anantha Nageswaran

Chief Economic Advisor V. Anantha Nageswaran said the Rupee is being managed in a manner that reflects the fundamentals of the economy.

The Hindu

Inflation is peaking, will moderate: Chief Economic Adviser

Inflation rate in India at 7% is far better than other countries: Nageswaran

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