CEA highlights improving India’s investment to meet global shifts

India’s Chief Economic Advisor (CEA), V. Anantha Nageswaran, has emphasised the need to strengthen India’s investment appeal through internal economic reforms, regardless of political changes in other countries. He outlined a strategic economic focus to enhance India’s attractiveness to investors, focusing on deregulation, support for small and medium enterprises (SMEs), and maintaining stability in the face of global market volatility.

Nageswaran detailed that for India to realise its long-term potential, it must “open up its imagination” to global scales and explore untapped sectors. He highlighted SMEs as central to India’s goal of becoming a global manufacturing leader, advocating for reforms to help small businesses expand to small and medium-sized enterprises grow into large corporations. With deregulation set to be a core theme in the upcoming Economic Survey, he asserted that regulatory simplification will fuel business growth, enabling companies to scale without hesitation.

With a banking sector that has been restructured and stabilised, Nageswaran expressed optimism in India’s resilience against market fluctuations, cautioning against “knee-jerk reactions” to short-term foreign investor behaviour. Addressing India’s energy strategy, he noted the need for a measured transition to non-fossil fuel sources to balance economic growth with affordability and sustainability, especially given the unique challenges faced by emerging economies.

Nageswaran’s remarks reflect a strategic roadmap to bolster India’s economic fundamentals and foster an environment that supports robust investment and sustainable growth in a shifting global economy.

Source: Economic Times