Chief Economic Advisor said: Domestic development is necessary to deal with the challenge of developed India; Policies should be practical

The Indian economy is on a strong path and in a stable position. Chief Economic Advisor V Anant Nageshwaran has made this claim after the release of the Economic Survey on behalf of the government. According to the Chief Economic Advisor (CEA), despite the stagnation, private capital expenditure (capex) has picked up.

According to the CEA, the Indian economy is on a strong path and in a stable position. Chief Economic Advisor V Anant Nageshwaran has made this claim after the release of the Economic Survey on behalf of the government. According to the Chief Economic Advisor (CEA), despite the stagnation, private capital expenditure (capex) has picked up. The Chief Economic Advisor (CEA) has predicted that the agriculture sector will perform better in the financial year 2024-25. Additionally, industrial growth is also expected to accelerate on a broad basis.

The Chief Economic Advisor (CEA) has said that the Production-Linked Incentive (PLI) schemes have delivered significant results by May 2024. These schemes are gaining momentum and are showing substantial progress in key sectors such as electronics and pharmaceuticals. Under this, an investment of more than Rs 1.28 lakh crore has been registered. Nageshwaran said that the theme of this economic survey is All Hands on Table.

On the weakening of the rupee, the Chief Economic Advisor (CEA) said that the weak currency does not affect India much due to the country’s very low external debt ratio. The CEA said that domestic development is very important to deal with the challenges of developed India. The Chief Economic Advisor (CEA) also said that the reduction of fiscal deficit reflects an investment-oriented approach.