Indian economy resilient amid global challenges, says CEA

India's economy is showing resilience despite ongoing geopolitical tensions and financial market uncertainty, according to Chief Economic Adviser V. Anantha Nageswaran. Strong bank credit growth and healthy GST collections underscore the economy's fundamentals.

However, rising global interest rates and elevated oil prices pose ongoing challenges after a period of relative stability. The CEA stressed the importance of adaptation and innovation to navigate this volatile environment.

Private sector investment and increased research and development spending are essential drivers for sustaining economic growth going forward, he noted.