NEWS DETAILS

Date: 16/05/2025

Indian economy seen in good shape despite challenges
 
India’s economy is in good shape despite the challenging global environment, said Mr V. Anantha Nageswaran, Chief Economic Advisor (CEA) while speaking at a recent event here. The current economic indicators show that the Indian economy is progressing well. He highlighted the need for India to maintain macroeconomic stability while pursuing innovation-led, inclusive growth strategies. He stressed the need for targeted investments in human capital, technology, infrastructure, and continued structural reforms. He also highlighted top priority areas, including energy affordability and energy transition; employment generation and artificial intelligence; the share of income accruing to capital and labour owners; education and skilling; the rise of manufacturing and SME; and food security and private sector capital formation. 
 
India is poised to lead the global economy again, with IMF projecting it to remain the fastest-growing major economy over the next two years, as per a report.
 
Source: Exim News Service: New Delhi, May 15