India a "bright spot" amid global uncertainty, says CEA Nageswaran

INDIA remains a rare "bright spot" in a world facing growing uncertainty, said Chief Economic Advisor (CEA) V Anantha Nageswaran, pointing to the country's steady economic performance despite ongoing global challenges.

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Talking to PTI, the CEA said that while conflicts and disruptions have been part of the global scene since 2022, they have become more intense and unpredictable, making the overall environment--whether political, economic or security-related--far more difficult for growth across the world.

"You could say that downside risks are higher than the potential for upside surprises," Nageswaran said, when asked for his views on the impact on the Indian economy due to rising global uncertainties caused by military conflicts in West Asia, between Ukraine and Russia, and also between India and Pakistan, as well as tariff wars.

He said this is not just a problem for India -- it's affecting many countries.