Key Points
The Indian economy is poised to grow at an average of 6.5 per cent annually between 2023 and 2030, Chief Economic Advisor V Anantha Nageswaran said on Friday...
Speaking at the BCC&I Indo-Pacific Economic Conclave, Nageswaran said the global economy is going to witness a period of uncertainty, and India has to plug into the global supply chain and make itself attractive for the China-plus one strategy...
It is because we are not experiencing the kind of global growth that we experienced between 2003 and 2008," the CEA said.. India has made progress in the last eight years as it has now become the fifth largest economy from the 10th rank globally in 2014, and within the end of this decade, it will become the third largest economy in the world, he asserted...
The private sector must think in terms of long run and large scale and invest in R&D to improve the country's manufacturing share to GDP, he said adding that manufacturing employs low and semi-skilled workers...
"And therefore, agriculture is not going to be an activity of a bygone era and it still has a future," he said.. Nageswaran also highlighted the importance of the middle-class people's contribution to the economy...
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