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Household savings decline due to rising home, auto, personal loans

by AIP Online Bureau | May 9, 2024 | Data, Eco/Invest/Demography, Policy

Chief Economic Advisor V Anantha Nageswaran attributed the decline to a shift in portfolio where savings were being channelised to real assets NEW DELHI: Household savings are estimated to have declined for the third year in a row in FY24 as liabilities on account of...
CEA against concept of Universal Social Security as it may generate ‘perverse incentives’

CEA against concept of Universal Social Security as it may generate ‘perverse incentives’

by AIP Online Bureau | Jun 9, 2023 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

”For our country, when natural economic growth should take care of many of the aspirations, it (Universal Social Security) may not be necessary. We may be creating the ground for perverse incentives for people to not make their own effort in seeking such...
CEA against concept of Universal Social Security as it may generate ‘perverse incentives’

India would become USD 5-trillion economy by 2026-27: CEA

by AIP Online Bureau | Jun 14, 2022 | Eco/Invest/Demography, Indian News, Policy

”We are now USD 3.3 trillion, it is not such a difficult target to reach. Then if you simply assume 10 per cent nominal GDP growth in dollar terms, then you get to USD 10 trillion by 2033-34 and another doubling with the same rate, said Chief Economic Adviser...
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