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The Latest Breaking News from V Anantha Nageswaran

Financial sector must build safeguards against AI risks before using it: CEA

The financial sector cannot afford to ignore emerging AI-related threats until they become a reality, he said at an event organised by industry chamber Assocham here.

The Economic Times

Financial sector can't afford to ignore AI risks, CEA V Anantha Nageswaran warns

Chief Economic Adviser V Anantha Nageswaran urged financial institutions to prioritize AI security. He warned against waiting for AI threats to materialize before strengthening defenses. Recent AI agent breaches highlight the urgent need for robust security frameworks. Institutions must secure existing assets before leveraging AI at scale. Wider adoption of…

The Economic Times

AI safety: India must keep humans in the loop, prevent exclusion, says CEA Nageswaran

Chief Economic Adviser V Anantha Nageswaran stressed proactive AI safety and security in finance. He warned AI must not foster financial exclusion and humans must remain involved. Fintech aids economic adoption, especially for SMEs and retail personal finance. Sustained cross-border payment growth depends on expanding trade volumes.

The Economic Times

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It's better not to attend university in India: Saurabh Mukherjea on why it makes no sense to study after school

Indian graduates face poor job prospects, with many earning less than skilled laborers. Experts suggest vocational training offers better financial outcomes than traditional degrees. The current education system emphasizes memorization over critical thinking and future-ready skills. India needs to respect trade skills, which are increasingly valued globally. Developing irreplaceable human…

The Economic Times

Govt has done its part on GCCs via Budget, now industry must invest in skilling and innovation to counter AI risks: CEA Nageswaran

Chief Economic Adviser V Anantha Nageswaran urged industry to invest in skilling and innovation. He stated government has supported Global Capability Centres through Budget announcements. Artificial intelligence poses risks to business models focused solely on low-cost execution. The government encourages GCC expansion beyond major metropolitan cities. Firms and people must…

The Economic Times

Pension savings can help fund infrastructure, support Viksit Bharat: CEA

India's burgeoning pension savings hold immense potential to fund infrastructure and propel the 'Viksit Bharat' vision, while ensuring stable returns for subscribers, according to Chief Economic Adviser V. Anantha Nageswaran. He emphasized that pension funds' long-term nature aligns perfectly with development projects. Nageswaran cautioned against excessive gold investments and the…

The Economic Times

Era of software and MBA is over; time to respect welders, plumbers and electricians: Chief Economic Advisor Nageswaran

"The technological advance cannot take away your employability. So you should equip yourself with trade skills. The globalising world gave us an advantage for our software, computer science or MBA education. But that era is over. It's about trade skills. It's about soft skills, which AI cannot easily replace, where…

The Economic Times

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Question is affordability, whether other expenditure can benefit people more than freebies: CEA Nageswaran pitches for focused welfare interventions

Nageswaran said the issue should be looked at sensibly rather than on an emotional plane and the question that needs to be asked is if it is helping people or it could have been done differently.

The Economic Times

CEA Nageswaran cites East Asia, says protection must be tied to productivity and global competitiveness

Chief Economic Advisor V Anantha Nageswaran highlighted that East Asian economies like China, South Korea, and Vietnam succeeded by offering conditional government support to domestic industries. This support was contingent on demonstrable performance, productivity, and international competitiveness, with aid withdrawn if these metrics weren't met. Nageswaran emphasized this 'protection for…

The Economic Times

AI can be more disruptive as it targets both cognitive and skill-based jobs: CEA Nageswaran

AI's impact on jobs is broader than past tech shifts, affecting both cognitive and skill-based roles, according to chief economic adviser V Anantha Nageswaran. He cautioned that current fears are overblown, driven by hype rather than evidence. While some routine tasks may be impacted, history suggests job transformation, not mass…

The Economic Times

CEA Anantha Nageswaran says AI stock valuations definitely in a bubble

India's Chief Economic Advisor V Anantha Nageswaran warns that artificial intelligence stock valuations are a bubble. He believes the narrative around AI's productivity gains and impact on jobs is exaggerated. Global investors have poured billions into AI-linked companies, driving record valuations for firms like Nvidia. Concerns are rising about a…

The Economic Times

India risks becoming "unhealthier before it becomes richer," CEA V Anantha Nageswaran warns

India faces a health challenge before achieving wealth. Chief Economic Advisor V Anantha Nageswaran points to rising obesity and sedentary lifestyles. This impacts productivity and economic growth. He urges individuals to incorporate physical activity into daily routines. Improved health outcomes are seen as hidden growth potential for Viksit Bharat. This…

The Economic Times

CEA defends India's GDP data, says country does not use methodology changes to inflate growth numbers

Nageswaran responded to concerns raised by some economists over India's GDP estimates, stressing that GDP measurement is an estimate in every country and that India follows internationally accepted statistical practices.

The Economic Times

Quarter after quarter, year after year, India is fastest growing economy: FM Sitharaman

Finance Minister Nirmala Sitharaman said India remains the world's fastest-growing major economy and accused Congress leader Rahul Gandhi of undermining the country's achievements by repeatedly predicting crises that have not materialised.

The Economic Times

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The Economic Times

Is India's economic growth real? Raghuram Rajan says something is off

Former RBI Governor Raghuram Rajan questions India's strong economic growth figures, citing weak corporate investment and declining foreign capital inflows. He argues these factors are difficult to reconcile with official data, suggesting a disconnect between headline numbers and business behavior. Rajan also highlights the lack of a clear economic roadmap…

The Economic Times

India can return to 7% GDP growth path in FY28 with macro stability, supply measures: CEA Nageswaran

India is on the brink of achieving a robust 7 percent growth in FY28, contingent on maintaining macro stability and ensuring supply chains remain intact. The improvement of external conditions will play a critical role in this outlook. Meanwhile, the Reserve Bank has adjusted its FY27 GDP forecast down to…

The Economic Times

Energy prices, current account deficit, balance of payments big priorities right now: CEA

Managing macroeconomic fundamentals like balance of payments and current account deficit is a top priority for the government. The West Asia conflict has caused a global energy shock. Chief economic advisor V Anantha Nageswaran highlighted this urgency. He also spoke on securitisation and microfinance thresholds. Priority Sector Lending mandates are…

The Economic Times

West Asia crisis a balance of payments stress test, India better placed to navigate: Nageswaran

India's Chief Economic Advisor V. Anantha Nageswaran described the West Asia crisis as a "live balance of payments stress test" impacting inflation and currency. He highlighted India's strong fiscal consolidation, infrastructure investment, and reforms as crucial for navigating this challenging environment, emphasizing the need for strategic repositioning in a structurally…

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The Economic Times

Indian firms don’t want to invest in India

Indian companies are not investing as much as the government expects them to. Despite tax cuts and infrastructure spending, businesses have been hesitant. Officials blame this on a lack of appetite for expansion, but the real reasons possible include high political risk and unpredictable policies.

Dynamite News

Govt extends tenure of Chief Economic Advisor

Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi approved hi extension. Read further on Dynamite News:

Newslaundry

Modi 3.0 brings coalition concerns, and a paradox for pink papers

“India Inc wants new govt to create jobs, control inflation.”

The Hindu

Congress has concrete plan to tackle unemployment, will be revealed in its manifesto: Chidambaram

Congress leader P. Chidambaram criticises BJP government over Chief Economic Advisor's remarks on unemployment, reveals party's plan in manifesto.

The Hindu

India’s economic prospects good in the short term, says Chief Economic Advisor Anantha Nageswaran

Chief Economic Advisor Anantha Nageswaran said India’s short and medium-term economic prospects were good. But, long term challenges need to be addressed to maintain growth momentum. Transition to renewable energy, spending on Rand D are some areas that need attention.

The Times of India

India poised for world-beating growth, CEA Anantha Nageswaran says

NEW DELHI: India’s strong credit demand and softening crude oil prices could buoy the economy, putting the South Asian country on course for a 6.5% expansion this fiscal year, according to a top adviser to the finance ministry.

The Times of India

Govt trims budget for MGNREGS as PMAY, Jal Jeevan get more funds, says CEA

NEW DELHI: Chief economic advisor (CEA) V Anantha Nageswaran on Monday said the allocation for the Mahatma Gandhi National Rural Employment Scheme (MGNREGS) has been reduced in the Budget for 2023-24 as more funds have been allocated towards Pradhan Mantri Aawas Yojana and Jal Jeevan Mission, which are expected to…

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