E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Apple AirPods Pro 2 likely to come with USB Type-C charging case

July 4, 2022

Fighting All That Can Go Wrong With Resin

July 4, 2022

NFT, BTC Scams Featured on British Army’s Compromised Twitter, YouTube Accounts

July 4, 2022
Facebook Twitter Instagram
E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
Facebook Twitter Instagram
E Amazings
You are at:Home»Business»India shows exemplary resilience in recovery from COVID-19 crisis, says Chief Economic Advisor (CEA) Anantha Nageswaran
Business

India shows exemplary resilience in recovery from COVID-19 crisis, says Chief Economic Advisor (CEA) Anantha Nageswaran

Paul EasterBy Paul EasterJune 11, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter Pinterest WhatsApp Email


The country has shown exemplary resilience in recovery from the COVID-19 pandemic crisis, Chief Economic Advisor (CEA) Anantha Nageswaran said on Saturday.

Nageswaran was addressing an event on “Indian Economy: Prospects, Challenges and Action Points” at Haryana Institute of Public Administration (HIPA) here.

“India has shown an exemplary resilience in recovering from a crisis due to the COVID-19 pandemic,” he said.

All major activities and parameters of the economy have crossed their pre-COVID levels, and it is now enjoying macroeconomic tailwinds, he added.

Quick and precise steps have been taken by the government at the policy level, which was supported by the Reserve Bank of India’s timely interventions, the advisor noted.

Compared to developing and developed countries, the Indian economy is firm and stable in terms of various fundamentals. The developed world is moving from low inflation to high inflation and it is in such times that we have managed to keep inflationary pressure under check, he said.

The CEA said he is hopeful that as per the projections of the International Monetary Fund, India is heading towards achieving a GDP size of USD five trillion by 2027.

“Today, we have a strong revival of private investment, and the country has comfortable forex reserves to withstand turbulence in the international currency market. The exponential growth of digital payments in India during the last few years is an indication enough of fast changes in the informal sector,” Nageswaran added.

With PTI Inputs





Source link

Paul Easter

Related Posts

Apple AirPods Pro 2 likely to come with USB Type-C charging case

By Paul EasterJuly 4, 2022

Akasa Air showcases crew uniform; conducts proving flight test

By Paul EasterJuly 4, 2022

Air India alerts people about hoax communication; link offering Rs 6000, fake, says company

By Paul EasterJuly 4, 2022

Will recession hit Indian shores in six months? Zee Business Managing Editor Anil Singhvi decodes

By Paul EasterJuly 4, 2022
Add A Comment

Comments are closed.

Our Picks

Apple AirPods Pro 2 likely to come with USB Type-C charging case

By Paul EasterJuly 4, 2022

Fighting All That Can Go Wrong With Resin

By Paul EasterJuly 4, 2022

NFT, BTC Scams Featured on British Army’s Compromised Twitter, YouTube Accounts

By Paul EasterJuly 4, 2022
Recent Posts
  • Apple AirPods Pro 2 likely to come with USB Type-C charging case July 4, 2022
  • Fighting All That Can Go Wrong With Resin July 4, 2022
  • NFT, BTC Scams Featured on British Army’s Compromised Twitter, YouTube Accounts July 4, 2022
  • Akasa Air showcases crew uniform; conducts proving flight test July 4, 2022
  • Air India alerts people about hoax communication; link offering Rs 6000, fake, says company July 4, 2022
  • Will recession hit Indian shores in six months? Zee Business Managing Editor Anil Singhvi decodes July 4, 2022
  • Ethereum Name Service Sells for Second-Highest Price Ever of 300 ETH July 4, 2022
Archives
  • July 2022
  • June 2022
Facebook Twitter Instagram Pinterest TikTok
  • Home
© 2022 E Amazings - All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.