CEA V A Nageswaran Says Q2 GDP Growth To Be Revised, Warns Of The Risks

Chief Economic Advisor (CEA) V Anantha Nageswaran has warned that supply chain disruptions and trade uncertainties could muddy the waters for India’s economic growth. Speaking at the 2024 Global Economic Policy Forum, organised by the Ministry of Finance and Confederation of Indian Industry (CII), Nageswaran expressed confidence that the shockingly low growth rate of 5.4% clocked in the Jul-Sep quarter will be revised upwards in the coming months and that the country will achieve a GDP growth rate of 6.5%-7.0% as outlined in the Economic Survey 2024. He listed out the factors which could’ve hurt growth. These include heavy rains, capex concerns, post-Covid momentum and other factors.