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To escape middle-income trap, India must bridge the trust gap: Nageswaran
May 30, 2025
|The New Indian Express Kozhikode
CHIEF Economic Advisor V. Ananth Nageswaran delivered a stark warning to India's industry leaders today, identifying a critical "trust deficit" and unsustainable economic imbalances as key threats to the nation's ambition of becoming a developed economy by 2047.
Speaking at the CII Annual Business Summit, he outlined a three-pronged strategy — "Trust, Deregulate, and Reciprocate" — as the essential formula to avoid the middle-income trap. He sees India's capital-intensive development model, which, he says, is 'alien' to India's core strength as a labour-abundant nation, as a big handicap for its development. He highlighted a concerning trend, where corporate profitability has surged faster than both capita
هذه القصة من طبعة May 30, 2025 من The New Indian Express Kozhikode.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Kozhikode
The New Indian Express Kozhikode
India's trade deficit falls to 5-month low of $24.53 bn in Nov; export rises by 15%
INDIA'S trade deficit in November has declined to a five-month low of $24.53 billion in November, primarily due to the fall in gold, oil and coal imports, while there has been a considerable rise in the exports to the US, showed the data released by by the Ministry of Commerce on Monday.
1 min
December 16, 2025
The New Indian Express Kozhikode
Mexico tariff may impact $2 billion exports; India initiates talks for PTA
UNION Commerce Secretary Rajesh Agrawal said on Monday that India has already initiated technical discussions with Mexico from December 12 for a preferrential trade agreement (PTA) to address the challenge that could arise due to the tariff by Mexico.
1 mins
December 16, 2025
The New Indian Express Kozhikode
Nothing mini about auction as franchises look to rebuild
CSK, KKR have high purse value and are keen to put together a core group of players; teams like MI, PBKS and GT, meanwhile, will like to add some back-ups
4 mins
December 16, 2025
The New Indian Express Kozhikode
2 Babbar Khalsa terrorists held from Mumbai
THE Punjab Police have arrested from Mumbai two gangsterturned-terrorists linked with the banned terrorist organisation Babbar Khalsa International (BKI), and operating from overseas locations.
1 min
December 16, 2025
The New Indian Express Kozhikode
LS clears ₹41,455 crore for additional spending
THE Lok Sabha on Monday cleared the first tranche of Supplementary Demands for Grants, seeking an allocation of ₹41,455 crore of additional spending by the Centre in the current financial year, including expenditure of over ₹18,000 crore for fertilizer subsidy.
1 min
December 16, 2025
The New Indian Express Kozhikode
'Even gods need rest': Court on special puja issue
EXPRESSING unhappiness over allowing paid 'special pujas' in temples, disrupting the \"resting time\" of the deity, the Supreme Court on Monday sought a response from the authorities on a plea challenging changes in 'darshan' timings and temple practices at Bankey Bihari Ji temple in Vrindavan.
1 min
December 16, 2025
The New Indian Express Kozhikode
Lack of road for ambulance leaves pregnant woman, unborn child dead
A pregnant tribal woman, Sukri Kumari, and her unborn child were killed in Jharkhand's Gumla due to a lack of roads in the village.
1 min
December 16, 2025
The New Indian Express Kozhikode
Mamata can't be univ chancellor, Murmu rejects bill to replace Guv
THE West Bengal government suffered a major setback on Monday after President Droupadi Murmu disapproved the West Bengal University Laws (Amendment) Bill, 2022.
1 min
December 16, 2025
The New Indian Express Kozhikode
₹ fall deepens as it closes at 90.73/$, weakens by 0.34%
THE rupee continued to weaken for the fourth consecutive day, breaching 90.75-mark during the intraday trade and closing at record low of 90.73 per dollar on Monday.
1 min
December 16, 2025
The New Indian Express Kozhikode
Nabin takes charge; Shah, Nadda welcome new prez at party HQ
A day after being named as BJP's new working president, Nitin Nabin took charge of his new responsibility at the party headquarters here on Monday in the presence of Home Minister Amit Shah and outgoing national president JP Nadda.
1 min
December 16, 2025
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