Chief Economic Advisor – The News Desk

Startups will play an important role in helping India become the third largest economy in the world, Chief Economic Advisor (CEA) to the Union government V Anantha Nageswaran has said. Nageswaran said that tier-2 and 3 cities, including Kerala's capital, have become game-changers in helping startups flourish in the country due to improvements in infrastructure and supportive policies of the government, according to a KSUM release. The CEA, during his Leadership Talk on the concluding day of the Huddle Global 2023 organised by the Kerala Startup Mission (KSUM), said that India was the fifth largest economy on course to become the third largest in a few years. "In fact, I will say 7-in-7 is the buzz slogan, that is 7 trillion USD economy in seven years. Seven tri...

The inclusion of Indian government bonds in JP Morgan's emerging market debt index is expected to broaden India's investor base, potentially appreciate the rupee, and make it easier for Indian financial institutions to lend money, Chief Economic Advisor V Anantha Nageswaran said on Friday. The move is also likely to simplify financing of the current account deficit (CAD) while reducing government borrowing costs, he said. Nageswaran, however, also stressed that India's fiscal and monetary policies would need to be cognizant of global perceptions and sensitivities. Increased foreign holdings could introduce volatility in the Indian bond market or currency during times of global uncertainty, even if these fluctuations were unrelated to Indian macroeconomic fundamentals, he obs...

Tag: Chief Economic Advisor

Startups will play important role to help India be 3rd largest economy: CEA

Govt bonds’ JP Morgan index inclusion to boost rupee, help finance CAD: CEA