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Deregulation, reforms key to spur growth: CEA Nageswaran
Mint Mumbai
|November 30, 2024
Nageswaran also emphasized the need to address the barriers hindering capital formation
The chief economic adviser V. Anantha Nageswaran emphasised the need for several measures including deregulation and a focus on key structural reforms after the country's economic growth slowed for a second consecutive quarter.
Nageswaran attributed the slowdown in India's GDP growth during the second quarter to a combination of global factors, including excess manufacturing capacity in other regions and import dumping in India.
While the GDP growth figures may have been somewhat disappointing, the circumstances present a valuable opportunity to focus on key structural reforms, he said.
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