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Auto manufacturers must invest in R&D to make world-class industry: CEA Chief Economic Advisor (CEA) V Anantha Nageswaran has asked automobile manufacturers to invest in Research and development (R&D) in order to make a world-class industry. He also asked them to focus on improving the global NCAP (New Car Assessment Programme) ratings of their products so that exports get further push.  CEA said the Indian private sector roughly contributes about one third of the overall R&D spending in the economy while the remaining two thirds comes from the go...
Auto manufacturers must invest in R&D to make world-class industry: CEA
Auto manufacturers must invest in R&D to make world-class industry: CEA
Source: Accord Fintech
2024-09-11 12:05:03 pm
Centre, top economists set to discuss employment generation trends in India As the statistics reflect a significant increase in employment in the country, non-profit organisation PRS Legislative Research, commonly referred to as PRS, is set to organise a ‘National Workshop for State Legislators on Employment’ on August 22-23, with top economists in presence.  Scheduled to be addressed by Minister of State (Independent Charge) for Skill Development and Entrepreneurship, Jayant Chaudhary, in the national capital, the workshop will have discussions a...
Centre, top economists set to discuss employment generation trends in India
Centre, top economists set to discuss employment generation trends in India
Source: IANS
2024-08-22 09:32:03 am
Inflation target evades India central bank's rate panel as rejig looms The Indian central bank's rate setting panel faces another food-driven spike in inflation as it meets a final time ahead of the exit of the committee's external members in the first of several scheduled key policymaker changes over coming months. The six-member monetary policy committee (MPC), which includes three central bank officials and three external members, is recast every four years when the government appoints a new set of external members. The reshuffle could change a ...
Inflation target evades India central bank's rate panel as rejig looms
Inflation target evades India central bank's rate panel as rejig looms
Source: IANS
2024-08-07 10:32:24 am
Private sector investment likely to further pick up in coming months: CEA Chief Economic Advisor (CEA) V Anantha Nageswaran has said that private sector investment has been improving after Covid-19 and it is expected to further pick up in the coming months. He also said there was a small slump during the Covid times, however, there is a possibility that they can invest more in machinery and equipment and also in intellectual property products. He said those investments have also begun to rise in the last two years, but there is scope to do more because those are th...
Private sector investment likely to further pick up in coming months: CEA
Private sector investment likely to further pick up in coming months: CEA
Source: Accord Fintech
2024-07-23 12:51:12 pm
President Murmu`s customary `dahi-cheeni for FM Nirmala Sitharaman Ahead of presenting the Union Budget in Parliament, Finance Minister Nirmala Sitharaman met President Droupadi Murmu in the Rashtrapati Bhawan on Tuesday.  The President fed her 'dahi-cheeni', a ritual performed by elders in Indian families to bestow good luck before undertaking important tasks. This year's Budget is the seventh consecutive Budget for Finance Minister Sitharaman and the Modi government's 13th straight Budget since 2014. She also makes history as the...
President Murmu`s customary `dahi-cheeni for FM Nirmala Sitharaman
President Murmu`s customary `dahi-cheeni for FM Nirmala Sitharaman
Source: IANS
2024-07-23 11:14:32 am
Nirmala Sitharaman to make history with her 7th Budget, surpasses Morarji Desai Union Finance Minister Nirmala Sitharaman is set to make history by presenting her seventh consecutive Budget on Tuesday, surpassing the record of former Prime Minister and Finance Minister Morarji Desai.   Sitharaman, who holds the record for the longest budget speech delivered on February 1, 2020, which lasted two hours and 40 minutes before being cut short, will now also hold the record for the maximum consecutive budget presentations. Desai presented six budgets during his tenu...
Nirmala Sitharaman to make history with her 7th Budget, surpasses Morarji Desai
Nirmala Sitharaman to make history with her 7th Budget, surpasses Morarji Desai
Source: IANS
2024-07-23 11:00:17 am
Economic Survey to be tabled in Parliament on July 22 Finance Minister Nirmala Sitharaman will table the Economic Survey in Parliament on July 22, a day ahead of the Union Budget, which will be a report card on the economy and also the growth outlook ahead.  The survey gives a detailed account of the state of the economy, prospects and policy challenges. It is prepared by a team led by chief economic adviser V Anantha Nageswaran. The Economic Survey provides statistical information and analysis on various sectors of the economy as wel...
Economic Survey to be tabled in Parliament on July 22
Economic Survey to be tabled in Parliament on July 22
Source: IANS
2024-07-20 03:37:30 pm
India inflation likely slipped in April India's consumer price inflation is likely to have eased to 4.80% in April, just shy of March's rate as food inflation remains sticky, according to economists polled by Reuters. While headline inflation has moderated in recent months, food prices, which account for nearly half the consumer price index (CPI) basket, have remained elevated, squeezing household budgets. With parts of the country experiencing a heatwave, food prices continue to pose an additional risk to India's...
India inflation likely slipped in April
India inflation likely slipped in April
Source: Reuters
2024-05-09 10:23:17 am
High possibility of 8 pc GDP growth for India in 2023-24: CEA Nageswaran There is a high possibility of India's economic growth touching 8 per cent in 2023-24, government's Chief Economic Adviser (CEA) V Anantha Nageswaran said on Wednesday. Speaking at an event here, the CEA said that he expected a 7 per cent GDP growth rate for 2024-25 and it was important to maintain it. He also said that inflation was expected to remain under control and the country was in a position to pursue a stable "non-inflationary" growth path. "We don'...
High possibility of 8 pc GDP growth for India in 2023-24: CEA Nageswaran
High possibility of 8 pc GDP growth for India in 2023-24: CEA Nageswaran
Source: IANS
2024-05-08 03:27:31 pm
Drop in global prices a relief for oil import-dependent Indian economy The decline in global oil prices, despite the geopolitical uncertainty in West Asia, has come as a major shot in the arm for the Indian economy as the country imports over 85 per cent of its crude oil requirement. Volatile oil prices pose a downside risk to the economy as costlier imports trigger an increase in domestic inflation and weaken the rupee as more US dollars are required to make import payments. The price of the Indian basket of crude oil imports, which was moderating earlier...
Drop in global prices a relief for oil import-dependent Indian economy
Drop in global prices a relief for oil import-dependent Indian economy
Source: IANS
2023-12-31 05:12:39 pm
World Bank chief launches PPP e-Course for beginners World Bank President Ajay Banga on Friday launched the Public-Private Partnership (PPP) Beginner’s e-Course in a significant step towards fostering collaboration between the public and private sectors in infrastructure capacity-building. Senior Finance Ministry officials, including Ajay Seth, Secretary, Department of Economic Affairs (DEA), V. Anantha Nageswaran, Chief Economic Advisor, were present on the occasion. The PPP e-course is an infrastructure-focused capacity-building p...
World Bank chief launches PPP e-Course for beginners
World Bank chief launches PPP e-Course for beginners
Source: IANS
2023-12-23 10:06:59 am
Global credit rating agencies must be transparent, fair to developing nations: CEA  Credit rating agencies such as Fitch, Moody’s and S&P, need to reform their sovereign rating process which is heavily loaded against developing countries like India resulting in additional funding costs running into billions of dollars, the government’s Chief Economic Adviser, V Anantha Nageswaran has said. In a document titled Re-examining Narratives: A Collection of Essays, published by the CEA's office, Nageswaran said the enormous degree of opaqueness in credi...
Global credit rating agencies must be transparent, fair to developing nations: CEA
Global credit rating agencies must be transparent, fair to developing nations: CEA
Source: IANS
2023-12-22 01:37:45 pm
India Inc needs to invest more instead of sitting on funds: CEA V. Anantha Nageswaran  India’s corporate sector needs to invest more to make a comeback for rebalancing the country's economy towards investment and manufacturing, the government's Chief Economic Advisor (CEA) V. Anantha Nageswaran said on Thursday. Speaking at apex business chamber CII's Global Economic Policy Forum 2023, he said: "Balance sheets have been largely repaired both in the financial sector and the corporates. The gross savings of private non-financial companies or corpor...
India Inc needs to invest more instead of sitting on funds: CEA V. Anantha Nageswaran
India Inc needs to invest more instead of sitting on funds: CEA V. Anantha Nageswaran
Source: IANS
2023-12-08 09:20:57 am
India needs high economic growth to invest in energy transition: CEA V Anantha Nageswaran Chief Economic Advisor (CEA) V Anantha Nageswaran has said that India requires high economic growth to invest in energy transition. He stated the country needs the time to move away from coal towards other fossil fuels, and later on towards other renewable energy.   Further, he stated India is well ahead of other G20 countries in meeting the Nationally Determined Contributions (NDCs) target. NDCs are national action plans adopted by various countries to limit the earth's aver...
India needs high economic growth to invest in energy transition: CEA V Anantha Nageswaran
India needs high economic growth to invest in energy transition: CEA V Anantha Nageswaran
Source: Accord Fintech
2023-12-07 10:22:39 am
Indian economy to exceed growth estimates after strong Q2 beat : economists The Indian economy is projected to grow at a 6.7% -7% rate in the fiscal year ending March 31, 2024, several economists said, upping their projections after the country blew past growth estimates for the July-September quarter. The country's economy expanded 7.6% in the July-September quarter, trouncing estimates of a 6.8% rise, data released on Thursday showed. Stronger-than-expected growth in the first half of the year, along with continued government spending and some revival in ...
Indian economy to exceed growth estimates after strong Q2 beat : economists
Indian economy to exceed growth estimates after strong Q2 beat : economists
Source: Reuters
2023-12-01 09:22:14 am
Startups to play key role in India`s journey to become 3rd largest economy: CEA V. Anantha Nageswaran V. Anantha Nageswaran, the Chief Economic Advisor (CEA) to Government of India, said on Saturday that startups will play a key role in India achieving its ambitious developmental aspirations and becoming the third largest economy in the world in a few years' time. Delivering the Leadership Talk at the Huddle Global 2023 of Kerala Startup Mission (KSUM) on the third and final day of the event, Nageswaran pointed out that Tier-2 and Tier-3 cities of the country, including Thiruvananthapu...
Startups to play key role in India`s journey to become 3rd largest economy: CEA V. Anantha Nageswaran
Startups to play key role in India`s journey to become 3rd largest economy: CEA V. Anantha Nageswaran
Source: IANS
2023-11-19 09:20:48 am
Increase of developing economies quota in IMF can play pivotal role in safeguarding global financial stability: CEA Chief Economic Advisor (CEA) V Anantha Nageswaran has said that the increase of developing economies quota in the International Monetary Fund (IMF) can play a pivotal role in safeguarding global financial stability by enhancing the multilateral lending agency's permanent resources. He said the reforms of international financial institutions have to go beyond the World Bank and multilateral development banks (MDBs). CEA has stated that the executive board of the IMF has proposed to the ...
Increase of developing economies quota in IMF can play pivotal role in safeguarding global financial stability: CEA
Increase of developing economies quota in IMF can play pivotal role in safeguarding global financial stability: CEA
Source: Accord Fintech
2023-11-16 11:52:09 am
Rss Feed Inclusion of Indian bonds in JP Morgan index to widen investor base, may boost rupee: V. Anantha Nageswaran Chief Economic Advisor (CEA) V Anantha Nageswaran has said inclusion of Indian government bonds into JP Morgan?s benchmark emerging market index from next year will widen investor base, and may lead to appreciation of rupee. He also said there is potential for currency appreciation following inclusion of Indian bonds in JP Morgan index.Global financial firm JP Morgan has said that it plans to include Indian government bonds or government securities (G-Secs) into its benchmark emerging market ...
Rss Feed Inclusion of Indian bonds in JP Morgan index to widen investor base, may boost rupee: V. Anantha Nageswaran
Rss Feed Inclusion of Indian bonds in JP Morgan index to widen investor base, may boost rupee: V. Anantha Nageswaran
Source: Accord Fintech
2023-09-25 10:37:40 am
Must ensure rupee remains competitive after inclusion in bond index, says Chief Economic Adviser JP Morgan?s decision to include Indian government bonds in its widely tracked emerging market debt index indicates confidence in India's potential, Chief Economic Adviser V. Ananth Nageswaran said on Friday.However at the same time, he cautioned that the main challenge would be to ensure that the rupee remains competitive, as there is a natural tendency for the Indian currency to appreciate.He mentioned that this appreciation phenomenon had occurred between 2003 and 2008 when capital inflows ...
Must ensure rupee remains competitive after inclusion in bond index, says Chief Economic Adviser
Must ensure rupee remains competitive after inclusion in bond index, says Chief Economic Adviser
Source: IANS
2023-09-23 09:26:16 am
India gets green light to join JPMorgan bond index; rupee, bonds gain JPMorgan will include India in its widely tracked emerging market debt index, setting the stage for billions of dollars of inflows into the world's fifth-largest economy and helping it finance its current account and fiscal deficits.India's local bonds will be included in the Government Bond Index-Emerging Markets (GBI-EM) index and the index suite, benchmarked by about $236 billion in global funds, JPMorgan said on Friday.The decision marks a key moment for India, one of the world's fastest ...
India gets green light to join JPMorgan bond index; rupee, bonds gain
India gets green light to join JPMorgan bond index; rupee, bonds gain
Source: Reuters
2023-09-22 02:38:59 pm