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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.
<div class="paragraphs"><p>India's Chief Economic Adviser V Anantha Nageswaran. (Photo: BQ Prime)</p></div>
India's Chief Economic Adviser V Anantha Nageswaran. (Photo: BQ Prime)
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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


Rishabh covers markets and business news for BQ Prime. ...more
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