Why in news Chief Economic Adviser V Anantha Nageswaran noted that the U.S. rate cut is positive for emerging economies but will have a l...
Why in news
Chief Economic Adviser V Anantha Nageswaran noted that the U.S. rate cut is positive for emerging economies but will have a limited direct impact on India due to various external factors
He highlighted that geopolitical conflicts and the upcoming U.S. election contribute to a slowing global economy, making the rate cut insufficient for significant economic boosts.
He asserted that private sector investment in India is already progressing, countering the notion of reluctance, and prefers a gradual, sustainable growth over a rapid surge.
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