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India's Chief Economic Advisor, V. Anantha Nageswaran, advocates for regulatory frameworks that promote cryptocurrency innovation while ensuring transparency and accountability. He emphasizes the need for regulators to balance innovation with societal needs, particularly addressing financial illiteracy. Amidst ongoing uncertainty in the crypto sector, India continues to see significant adoption, highlighted by Jetking Infotrain's recent addition of Bitcoin to its corporate treasury.
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.
Chief Economic Advisor V. Anantha Nageswaran expressed optimism for a rebound in India's GDP growth, despite a slowdown to 5.4% in Q2 FY25, citing potential for increased capital expenditure in the coming months. He acknowledged challenges from geopolitical conditions and export uncertainties but emphasized that while growth is disappointing, it is not alarming, highlighting the economy's resilience.
V. Anantha Nageswaran
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