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Chief Economic Advisor V Anantha Nageswaran announced that deregulation will be a key theme in the upcoming Economic Survey, emphasizing its necessity at state and local levels to enhance female workforce participation. He also advised caution against overinterpreting the recent decline in GDP growth, asserting that India's growth narrative remains strong.
Chief Economic Advisor V Anantha Nageswaran emphasized that India's growth story remains robust despite a notable decline in GDP growth to 5.4% in the second quarter. He cautioned against overinterpreting this drop, attributing it to global uncertainties while highlighting sustained private consumption and improved exports.
Union Minister of Commerce and Industry Piyush Goyal emphasized India"s pursuit of equity and fair trade in Free Trade Agreement (FTA) negotiations, highlighting past attempts to join the RCEP as unfavorable, viewing it as essentially an FTA with China. His remarks followed Niti Aayog CEO BVR Subrahmanyam"s call for India to reconsider joining RCEP and the CPTPP, noting India"s absence from major trade agreements.
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