India's top 500 companies posted 30.8% annual profit growth post-Covid, yet private investment remains sluggish. CEA V Anantha Nageswaran has raised sharp questions about where all that money is actually going.
India’s Chief Economic Advisor V Anantha Nageswaran tells Parliament that crude oil prices up to $90/bbl have “almost insignificant” impact on India’s economy, but if prices stay at $130 for 2–3 quarters, inflation could jump to 5.5% and growth could fall to 6.4%.