In this exclusive interaction, India’s Chief Economic Advisor V Anantha Nageswaran discusses the priorities outlined in the latest Economic Survey and the trajectory of the country’s ‘reform yatra’. Addressing concerns over global instability, Nageswaran stated, ‘The answer is we are prepared and that’s it,’ emphasizing that the government is investing in domestic capabilities to counter persistent volatility in the global landscape. He highlighted the success of deregulation at both union and state levels, noting that India has exceeded job creation targets by generating 15 million jobs in the last two years. The discussion also covered the landmark trade deal with the European Union, which Nageswaran believes will significantly benefit labor-intensive sectors like textiles and gems. On the subject of Foreign Direct Investment, he noted that resolving tariff uncertainties and maintaining policy predictability remain key to attracting global value chains. Nageswaran remains optimistic about India’s ‘Goldilocks phase’, asserting that the current economic momentum is a result of cumulative efforts over the past decade.
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