Focus is on preserving growth momentum: CEA

Chief economic advisor (CEA) V Anantha Nageswaran has asserted that the government is focused on preserving the economic growth momentum regained after the third wave of Covid-19 pandemic. The government has taken various steps including lowering taxes, continuation of privatisation, setting up institutions for sequestering bad loans and managing them and launching an asset monetisation drive to strengthen the real economy. He believes that the government’s Rs.7.5 trillion capital expenditure (capex) will also provide the much needed support to the economy. The CEA further stated that among all other nations, India is better placed with respect to its midpoints in terms of the inflation outlook. Even on the growth outlook, the country is better than others.