V Anantha Nageswaran

January 31, 2025 5:24 PM

India must focus on domestic growth as globalisation slows, says Chief Economic Advisor

India's Chief Economic Advisor V. Anantha Nageswaran said on Friday that the country will have to rely on domestic growth drivers as "the era of globalisation, faster and larger movement of trade and goods and services is behind us". Addressing a press conference after the tabling of the Economic Survey in the Parliament, the Chief Economic Adviser (CEA) said that the value of trade affected by new import restrictions was just $170 billion in 2014-2015, but has now risen to over $1.3 trillion a...

India’s per capita income projected to reach Rs 14.9 lakh by 2047

As India approaches its 100th year of independence in 2047, the country's per capita income is projected to reach Rs 14.9 lakh, according to a presentation made by Chief Economic Adviser V Anantha Nageswaran. As per a presentation made by the Chief Economic Adviser V Anantha Nageswaran at a press conference after the tabling of the Economic Survey for 2023-24, the per capita income is currently Rs 2.12 lakh in 2023-24. In dollar terms, it is at USD 2,500. This figure represents more than a dou...