
CEA Nageswaran warns of global growth risks, backs deregulation to spur economy
Live MintIndia’s chief economic advisor V. Anantha Nageswaran on Tuesday warned that recent policy actions across the world could hinder global growth and emphasized the need to foster optimism in India by easing economic activity. "The budget announced by the honourable finance minister, under the guidance of the honourable prime minister, places a high degree of emphasis on deregulation and ease of doing business," he said, adding the budget 2025 focussed on three critical reforms: strengthening investment climate and ease of doing business, enhancing regulatory efficiency and financial stability. enormous investment climate is necessary when global FDI flows are likely to be affected, utilizing global risk aversion, investment climate needs to be maintained as that would create capital formation, create jobs and sustain economic growth," Nageswaran said. FDI destination Nageswaran said India has become one of the world's most attractive investment destinations, as reflected in strong FDI inflows over the years, but cautioned that the country cannot afford to be complacent.
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