No country has reached a developed position without the presence of the vibrant small and medium -sized companies sector: CEA NAGSWARAN

The chief economic advisor said in. Speaking at Indian Venture and Alternate Capital Association (IVCA) Conclave 2025, Nageshwran stressed that with the direction of globalization behind us, one must extract the maximum possible growth from local sources, which means allowing institutions and families to be able to make economic decisions, Follow -up economic activity without the need to spend this limited frequency range on unnecessary compliance and inspection.

He said: “This current disposal of globalization and globalization that we saw from 1980-2015 was part of the periodic direction and in the current session of globalization all over the world. The inflation is likely to be more appropriate and interest rates higher than in the past with the low ability to pay efficiency It will provide supply chains for stagnation instead of chronological inventory.

With the decrease in the value of the rupee at the current times, he said that if India can reduce its inflation to the level of 3-4 per cent of 4-5 percent over the past few years, it will help contain the low value of the rupee.

Nageswaran also said it is important for the private sector to understand that with this background of globalization in the opposite direction, we do not sacrifice energy security in the pursuit of energy transmission, “The private sector must be well aware that while the transmission of green energy energy is the tanning words in Europe, and they have also started asking questions if it has reached a religion, so we need to be sure that we do not transfer green energy or energy to a religion but we are pragmatic about it. Technology is very important. “In energy transition, nuclear energy plays a vital role as an important fuel, and in the budget, the government decided to open the nuclear energy sector to the private sector to increase the direction of this purpose of energy transmission.

Optimism was repeated on the vision of “Viksit Bharat 2047 ‘Nageswaraan. Growth has increased returns for investors, unlike other economies facing the demographic defect with a slower growth.

Regarding the government’s position regarding Chinese investment, “The government is unlikely to raise its ban on Chinese investments any time soon. Nageswaraan said that any changes to the current restrictions will take time and require a deeper understanding between the two countries.

He said: “When it comes to investing in India, do you also see China that a mutual victory is also a question that we need to answer, I do not think it is something you expect to see immediate results because of both sides crossing the river by feeling stones if it is permissible to speak.”