Chief Athronic Advisor V Anant Nageswaran said today that when Vaulas is not getting benefits, India needs to rely on domestic factors to speed up the growth of the economy and for this the burden of regulations will have to be reduced. . Addressing the press conference on the Economic Review 2024-25, Nageswaran said, “Regulations adversely affect small businesses. Reducing rules and regulations not only makes it easier to business but also create employment opportunities.
Referring to the extreme dependence on any one country for supply, the chief and regional advisor said that China has a good and effective penetration in many high and medium technology areas. He said, ‘China’s share in Vahi Shwik production will probably be higher than the total share of 18 countries after it. This gives him strategic edges and many benefits. ‘
Nagswaran emphasized that the way countries around the world are working towards domestic priority, globalization can be a matter of past. He said, “A source of dependence on a source for supply in many product sectors, which may lead to an obstruction in the supply chain, prices fluctuations and currency risk,” he said.
The Chief and Religious Advisor said that the softening of India’s current GDP (GDP) growth should be observed in terms of decline in actual economic activities globally since 2023. He said that India remains the fastest growing economy in the world. To achieve the goal of ‘developed India’, it needs to maintain the growth rate at least at this level during the challenging Vahiki situation. Nagswaran said, “We can increase the figures of growth rate keeping in mind the excellence.”
The Athik review 2024-25 estimated that the growth rate of the Indian economy may be between 6.3 and 6.8 per cent in the next financial year. Nagswaran said that the crude oil scenario has not been taken into consideration in the estimate of the growth rate, so there is no big possibility of rapid increase in its price in the near future.
Discussing the role of private sector in nation building, Nageswaran said that there is a lot of inequality between the benefits and increments of the companies. He said that socially responsible private sector would be needed to be included in the developed economy by 2047.
Nagswaran said, “The salary hike for sustainable demand and increase in income and profit in the long term in the long term needs to increase the benefit.” He also said that the private sector needs to balance the benefits of Artificial Intelligence (AI) and social values.
The chief and Toubro chairman SN Subramanian, Chairman of Larsen & Toubro, did not directly respond to the idea of working for 90 hours a week, but he said that he had better relations between managers and colleagues. Adhiki improves mental health and pride in work. He said that due to weak mental health, the number of workdays and overall productivity decreases.