Exclusive to faith: “We need to focus on national growth drivers”, CEA – Economy News

While striving for an 8% growth on a sustained basis, India It should focus as much as possible on national growth drivers given the global uncertainties, he told Prasanta Sahu in an interview. Governments should examine whether the use of social networks below 16 must be prohibited given the adverse impact on the mental. health From youth, he added.

You have suggested a host deregulation to unleash the spirits of animals. Are we going to see a series of measures in this address?

I have given my proposals that are not only applicable to the Government of the Union. My preface also makes it very clear that it is applicable to the governments of the entire system. So who will act on him, when and what, speed, etc. Isn’t it for me to determine?

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There is a great delay often between policy formulation and implementation, which undermines the usefulness of policies …

That is a part of the situation. But it is also true that sometimes it can have rules, regulations and laws and practices that were created for a different era, a different context, and we could also change them. So, it is not just the implementation. It is also about seeing if some of the laws, policies, rules, regulations and practices remain relevant or not, and the involuntary consequence they could have. Sometimes, implementation problems arise only if there is a particular law or rule. If it is not necessary and can be eliminated, then the issue of implementation does not arise. So, both problems can exist at the same time.

The survey talks about the need to grow around 8% for one or two decades to achieve dreams Viksit Bharat. When do you think India could enter this phase of growth from around 6.5% now and how feasible it is?

I think it is difficult to say it because the global environment is unpredictable. It is evolving while we talk. These are not something that is conducive to modeling, basically. Therefore, we cannot be very precise about these things, and we must take advantage of opportunities as they arise in the external environment, be investments or commercial flows. So, at this time, we must focus as much as possible on national growth drivers, and that is what the survey tries to do.

What is the nominal growth of GDP you expect for fiscal year 26?

Given the projection we have, I believe that the nominal growth of GDP should be between 10 and 10.5%.

Since private investment has been a mixed bag, do you think more PPP areas should be actively promoted and launch the next phase of the national monetization pipe?

That is a possibility. But the capital formation of the private sector should not necessarily have to wait for that. In fact, investment in the private sector and capital formation are something that can really generate, if companies meet in their compensation and hiring practices. That, in turn, can generate a growth and demand for income in the hands of households, which in turn can lead to the need for greater capacity and investment by the private sector.

Given the importance of the mental health of young people in the future of economic growth, do you think the government should prohibit the use of social networks by children under 16 years of age and in Australia?

I think it is something we should examine and see if it will be a necessary step. But I think at this time, I understand that in some states, schools are already taking that step. But it is not something that only politics can achieve. We can also be a conscious choice made by schools and parents, etc.

With regard to the need to increase wages by corporations together with the increase in their income, should the government only push or take affirmative measures?

I think we have done it in the July budget. We encourage hiring. It is too early to judge its impact. If the government needs to take specific carrot measures and keep them to induce them to hire, it would be problematic in a certain sense. I believe that if the corporate sector sees a weak aggregate demand and is able to connect its contracting and compensation practices with the weak aggregate demand, and will take action themselves.