CEA warns of global growth risks, backs deregulation

Chief economic adviser V. Anantha Nageswaran on Tuesday warned that recent policy actions across the world could hinder global growth and emphasized the need to foster optimism on India by easing economic activity.

- Rhik Kundu & Subhash Narayan

Speaking at a post-budget webinar organized by the department of financial services, he said economic activity with minimal compliance, inspection, and licensing requirements will foster optimism about growth.

The budget announced by finance minister Nirmala Sitharaman places a "high degree of emphasis on deregulation and ease of doing business", he said, adding it focuses on three critical reforms: strengthening the investment climate and ease of doing business, enhancing regulatory efficiency, and financial stability.