Economic Survey 2024-25: CEA Emphasis Deregulation to Spur Growth, Facilitate Ease of Doing Business

Presenting the Economic Survey on Friday (January 31, 2025), Chief Economic Adviser V. Anantha Nageswaran, Among Other Things, Put Forth a Case for Deregation. According to Him, “pervasive” deregulation would not only facilitate ease of doing business but also also enable conditions for employment generation. He Emphahsized this an imperative, among other things, as a means to “raise our game in a new leg in a new leg with a new leg when guen globalization is no longer going to provide the tailwind”.

Separately, the CEA Emphahsized About The Role of Private Sector in Nation-Building and Addressed Concerns about the adoption of Artificial Intelligence (AI) Urging Companies Weight Social Costs

Deregulation makes it Easier for Small, Medium Enterprises to Grow

According to Mr. Nageswaran, deregulation at the local and state government level would not only be a boost to medium and small enterprises (msmes) but would also help lift manuft manufacturing and facilitete GDP GROWTH GROWTE In the Country.

The Chief Economic Advisor Noted Certain Regulations Affect Small Businesses “Disprominationate”. He elaborated that adherence to certain operational restrictions raises the fixed cost of doing business, in turn, disintingivisting more hiring. “These ecific areas ”.

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Mr. Nageswaran Articulated Deregulation Entailed Removing The Fear of Growth in Micro, Small and Medium Enterprises. “It is About Plumbing The Nuts and Bolts of DERGULATION, which are primarily there in the state and local government space,” He stated, adding, “We should continue to augment internal capacities,” Sector which has the potential to contribute To 1% of GDP. ”

Salary Growth Helps Build Aggregate Demand

Reflecting the importance of private sector in nation building, the Chief Economic Advisor, Among Other Things, Argued for Balanced Deployment of Capital and Labor, Fairer Distribution of Incom E Culture, Safety and Mental Health.

The cea in his address pointed to an observed “huge disparity” between the growen the growth of profitability among companies to their employees expresses in recent months. Arguing a Case for Private Sector’s Role in “Raising the Game for a New Level Playing Field”, He Pointed to Automobile Magnate Henry Ford’s Reasoning to Raise the Minimum Wages of Wage of Workers to ENSURE PEEOPLE Cars. The cea explained, “in some sense, raising wage and salary growth for works is also a source of building against demand for businesses in the medium run as well … It is an enlight inge seen from a moral Prism. ”

Private sector need to weight benefits of ai with social costs

The Cea Contended that Deployment of Artificial Intelligence Presents Both Opportunities and Challenges. “Sometimes we all feel that technology eventually generates more jobs. That is True, but the key word here is ‘Eventually’, “He explained, adding,” What Happens Between Now and then is Critical, and this is where I think, we need to create suporting instits In People, Prepare them (for the AI ​​Advent) AlongSide a change in academic curriculums and workplace practices. ”

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Reflex from Technological Transitions of the Past, Heland the Private Sector must Weigh the Benefits of Artificial Intelligence Against Social Costs. “They may be subterranean in natural and surface over a longer period, Eventually affecting the environment that is Necessary for Running Business Smothly.”

Growth Outlook Between 6.3-6.8% for fY 2026

Mr. Nageswaran in the Economic Survey Peged the Growth Outlook for fY 2026 Between 6.3% to 6.8%. He stated the risk factor emanated not only from global conditions but stock markets being Volatile Lately. “That is a factor we need to keep in the massive growth in retail participation in the stock market may be a good things but when the market corrects, it has been included H Belt Be Significant ”.