CEA predicts rise in private investments in next 4 years

CHIEF Economic Advisor Dr V Anantha Nageswaran allayed concerns regarding the lack of private investments, emphasising they will increase within the next four years.

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At a panel discussion titled Getting the Economy Right: The Rise of India, Nageswaran projected a sustained rise in the investment rate that would touch the mid-30s and result in a 7% GDP growth.

Currently, investments are around 30% of GDP. While acknowledging the increased capital expenditure by the government, he suggested a gradual pullback.