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Accelerating domestic growth & infra

Financial Express Kolkata

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February 02, 2025

DURING A LONG ride on an expressway there is normally no expectations of encountering a speed breaker.

- Koushik Chatterjee ED & CFO, TATA STEEL

In the event there is one, it takes some adjustments to the pace of the travel. Apart from the data indicators through the year, the Economic Survey 2025 gives enough evidence of a speed breaker that we face as a nation.

To me, this year's Survey is a grounded, realistic and professional assessment of the state of the nation, the real challenges for us as a country and the opportunities for a better and inclusive future. The realism that capex growth has slowed down, manufacturing growth and exports hasn't picked up due to a variety of reasons, the challenges of rising China's exports due to domestic overcapacity and the impact of a stronger dollar on the global economy are all well articulated.

The survey lays the ground for big policy reforms and urges the government to de-regulate further primarily through a policy framework that creates the opportunity to facilitate the growth of private capital investments. This can truly create a multiplier effect on the economy in the future.

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