Sustainable development is essential not only to the well-being of our future generations and the preservation of ecosystems but also to meeting the aspirations of the present generation.
V Anantha Nageswaran, Indias Chief Economic Advisor (CEA) said that the private sector is conserving its resources rather than investing. While advising the private sector to invest, he said, "Waiting for demand to arise before they start investing will be to delay the onset of such demand conditions happening."
Although PMI fell further last month, the overall rate of growth has been sharp, with robust demand for services fueling new business intakes and output
While Chief Economic Adviser V Anantha Nageswaran has hinted at the finance ministry raising its growth forecast for 2023-24 later this month, economists see the RBI acting next week itself while announcing the latest monetary policy decision