Key Points
He said private investment would "unfold gradually" with several sectors, including steel and cement, already picking up..
Chief economic advisor V Anantha Nageswaran on Thursday said issues around energy security are the single-biggest worry for an emerging economy like India for sustaining the elevated growth rates of the past two years over the medium-to-long term...
While addressing global warming assumes significance, its equally important for developing countries to ensure that there is adequate and affordable energy available for powering economic growth, he said, as he called on global lenders not to abruptly shun fossil-fuel projects in the name of green economy...
If the financial sector completely avoids funding fossil fuel-based power generation projects, then we will be putting in jeopardy economic growth, he said at the annual session of the Confederation of Indian Industry..
The Indian financial sector is doing exceedingly well amid global uncertainties with robust profitability and, therefore, its the right time to put in place systems that would ensure long-term growth and health of the system, the CEA said...
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