Chief Economic Advisor V. Anantha Nageswaran urged caution in interpreting current market volatility, emphasizing India’s strong long-term growth prospects despite the Sensex dropping over 1,400 points.
Addressing concerns over rising temperatures, he stated that the government is taking proactive measures to adapt to climate change, following an unusually warm February in India.
On the economic front, he highlighted the Maha Kumbh’s impact on Q4 consumption, with significant spending on food, accommodation, and travel boosting demand.
Regarding global uncertainties, Nageswaran stressed that India’s economic momentum remains strong, with robust crop production expected to support growth.
