Economic Survey 2023 Highlights: Expect Inflation To Be Well Behaved In FY24, Says CEA Nageswaran
Chief Economic Adviser V Anantha Nageswaran is set to address a press conference at 2 p.m.
KEY HIGHLIGHTS
CEA Nageswaran On Inflation
Don't see inflation as big a problem as in FY22.
Expect inflation to be well behaved in FY24.
Source: CEA Press Conference
CEA Nageswaran On Global Oil Prices
As long as oil stays below $100 per barrel, real GDP growth projections will remain undisturbed.
Difficult to project trajectory of oil price.
Source: CEA Press Conference
Must Ensure Women's Participation In Economic Activity, Says CEA Nageswaran
Must make sure that women are able to contribute to economic productivity, activity as they are capable of.
Must ensure that MSME sector becomes more formalised.
Skilling and education under new policy must be pursued.
Source: CEA Press Conference
Global Political, Economic Environment Remains Rife With Uncertainty, Says CEA Nageswaran
China reopened fairly rapidly, U.S. looks set to avoid full-fledged recession as of now.
Moderate to significant global slowdown would be a better outcome for India on balance.
Global slowdown would lead to easing commodity prices, monetary policy.
Source: CEA Press Conference
India's Economic Momentum Continuing, Says CEA Nageswaran
Economic momentum is continuing as per data available for July-September.
Air passenger, cargo traffic now running at 90% of pre-pandemic levels.
Source: CEA Press Conference
