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CEA Nageswaran: India's Focus Shifts from Growth to Economic Transformation
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Firstpost•21-09-2026, 18:10
CEA Nageswaran: India's Focus Shifts from Growth to Economic Transformation
- •Chief Economic Adviser V. Anantha Nageswaran states India's growth outlook is steady, but the priority is now economic transformation.
- •Nageswaran emphasized that while economic expansion is occurring, the challenge lies in ensuring its benefits are widely distributed and lead to better living standards.
- •Key elements for transformation include job creation, rising wages, and fairness, as strong growth and capital inflows don't automatically improve household well-being.
- •He highlighted the need for government measures to lower business costs through cheaper energy, improved land access, and denser development, without impacting workers' incomes.
- •Nageswaran stressed that sustained job creation ultimately depends on the private sector, particularly SMEs, and timely payments to suppliers are crucial for manufacturing growth.
Key Questions Answered
Chief Economic Adviser V. Anantha Nageswaran stated that major agencies expect India to grow at around 6.5 to 7 per cent annually over the medium term.
Nageswaran identified job creation, rising wages, and fairness as key elements to ensure that economic growth translates into better living standards across households.
The government can help lower business costs by making energy cheaper, improving access to land, and enabling greater use of available space through denser development.
