Chief Economic Advisor V Anantha Nageswaran.
India Inc has improved its balance sheet, reduced debt and increased profitability, says the chief economic advisor
India’s Chief Economic Advisor V Anantha Nageswaran on Friday said maintaining economic growth while ensuring sustainability is important, and the government has increased investments on the ground, rather than revenue expenditure. He said this is the best way to develop the economy.
Speaking at an event on ‘Building a Resilient Economy’ with various industry leaders in Lucknow, the CEA said India Inc has improved its balance sheet, reduced debt and increased profitability.
He also said because of India’s sound economic policy, infrastructure built in the past eight years and digital transformation, it is possible for India to grow for a longer period rather than 3-4 years without running into overheating problems.
He also said India has the potential to growth 10-11 per cent in nominal terms.
