CEA Calls Out Pvt Sector's Paradox of Investing Abroad

CEA Nageswaran Pointed Out That Outbound FDI By Indians Had Picked Up Between April And December

- Gireesh Chandra Prasad

The government's chief economic advisor (CEA), V. Anantha Nageswaran, called upon the private sector that's been ramping up investments in overseas markets despite global uncertainties to also pour money into a country that's outperforming several major economies: India.

India's statistics ministry on Friday, presenting its second advance estimates for 2024-25, marginally raised its India gross domestic product (GDP) growth estimate to 6.5% from the 6.4% pace projected in its first advance estimates in January. India's economy in nominal terms is expected to expand 9.9% this fiscal year, up from the 9.8% projected in January.