According to Nageswaran, a decline in the share of Private Final Consumption Expenditure in the GDP of 2023-24 is not a sign of demand slowdown but reflects growth in the economy being more evenly distributed than before.
According to the government s chief economic advisor, while the world is not currently in the golden era of globalisation, global trade volumes do not definitely say if the world is becoming more fragmented
According to the government s chief economic adviser, if macroeconomic stability is interpreted more broadly than just fiscal and monetary stability, then the current conditions could lead to more instability instead of less
Nageswaran was speaking at a workshop on climate finance jointly organised by the finance ministry s department of economic affairs and the Asian Development Bank
Nageswaran also rejected the K-shaped recovery theory that is being used to describe India s post-pandemic rebound. According to him, it is akin to the phrase Hindu rate of growth that was