CHIEF ECONOMIC ADVISOR
CEA Anantha Nageswaran says AI stock valuations definitely in a bubble
India's Chief Economic Advisor V Anantha Nageswaran warns that artificial intelligence stock valuations are a bubble. He believes the narrative around AI's productivity gains and impact on jobs is exaggerated. Global investors have poured billions into AI-linked companies, driving record valuations for firms like Nvidia. Concerns are rising about a potential market correction as investor positioning becomes crowded.
India risks becoming "unhealthier before it becomes richer," CEA V Anantha Nageswaran warns
India faces a health challenge before achieving wealth. Chief Economic Advisor V Anantha Nageswaran points to rising obesity and sedentary lifestyles. This impacts productivity and economic growth. He urges individuals to incorporate physical activity into daily routines. Improved health outcomes are seen as hidden growth potential for Viksit Bharat. This focus on human capital is crucial for India's development.
CEA defends India's GDP data, says country does not use methodology changes to inflate growth numbers
Nageswaran responded to concerns raised by some economists over India's GDP estimates, stressing that GDP measurement is an estimate in every country and that India follows internationally accepted statistical practices.
Wall Street Week Ahead: Newly led Fed poses wildcard for rockier US indexes
Investors are closely watching the Federal Reserve's first meeting under new Chair Kevin Warsh amid concerns that interest rate hikes to combat inflation could negatively impact the stock market. While the Fed is expected to hold rates steady for now, market participants will scrutinize future projections and Warsh's communication for clues on potential rate increases later this year.
ET Alpha Wealth Summit | We are in Sankat Kaal, and in this Sagar Manthan, our job is to look for the next generation of winners: Saurabh Mukherjea
India's economic future lies with manufacturing exporters, not consumer companies. Saurabh Mukherjea predicts this shift will drive earnings growth. Artificial intelligence is reshaping jobs, impacting the middle class. A weaker rupee will benefit goods producers. Gig work and smaller cities are gaining prominence. Well-managed companies remain strong investments. The era of cheap money is over.
Karnataka seeks fast-track central clearance for Rs 13,549-crore Bengaluru mobility projects
Karnataka Chief Minister D K Shivakumar urged Union Minister Manohar Lal Khattar to expedite approvals for infrastructure projects worth Rs 13,549 crore under the Urban Challenge Fund. These initiatives, including Metro Phase-3 double-decker corridors and revised Phase-2 costs, are crucial for addressing Bengaluru's escalating traffic congestion and mobility challenges.
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Why is market rising? Sensex jumps 1,000 points in 2 days, Nifty crosses 23,400. 3 key factors behind the surge
Indian stock markets surged for a second consecutive session, with Sensex and Nifty crossing significant milestones. This resilience occurred despite escalating Iran-US tensions, as cooling oil prices and a fizzling AI rally in global markets provided support. Key sectors like FMCG and Private Banks led the gains.
Report on datasets for State Finance Commissions to be released on Monday
A report on datasets for State Finance Commissions will be released by the Chief Economic Advisor in New Delhi on Monday. This initiative aims to strengthen evidence for fiscal decentralization, ensuring State Finance Commissions have access to reliable data for effective recommendations on local government finances and development.
RBI MPC outcome: Experts decode what the policy decision means for mutual fund investors
The Reserve Bank of India's Monetary Policy Committee held the repo rate steady at 5.25%, maintaining a neutral stance. Experts advise investors to focus on capital preservation and short-term strategies amidst global geopolitical risks. While some anticipate rupee stabilization, others foresee potential rate hikes if inflation persists, impacting bond market yields.
India defies West Asia war concerns as Q4 GDP growth hits 7.8%; risks remain ahead
India's economy surged by a better-than-expected 7.8% in the March quarter, exceeding forecasts and pushing FY26 growth to 7.7%. This robust performance was driven by strong private investment and consumption, defying concerns over the West Asia war. The government remains committed to its reform agenda to maintain economic momentum.
India can regain 7% growth by FY28: Chief Economic Advisor V Anantha Nageswaran
India's Chief Economic Advisor V Anantha Nageswaran stated the nation can achieve over 7% growth this fiscal year, driven by policy measures and structural reforms. This projection hinges on a return to pre-February 28 global conditions, as the Iran war has caused economic turmoil.
India’s GDP expands 7.7% in FY26; Q4 growth at 7.8%
India GDP Data Key Insights Q4 FY26: India's economic growth saw a slight dip to 7.8 percent in the fourth quarter of fiscal year 2026. The Reserve Bank of India has now lowered its growth projection for fiscal year 2027 to 6.6 percent. This adjustment comes amid increasing global uncertainties. The central bank anticipates varied growth rates across the four quarters of fiscal year 2027.
India makes big moves to attract foreign investments in bonds: How will this impact stock market?
India has unveiled significant measures to attract foreign investment, including tax exemptions on government securities and increased investment limits for overseas investors in equities. These moves aim to bolster market liquidity and stabilize the rupee amidst global volatility. However, the RBI's cautious stance on inflation suggests potential headwinds for rate-sensitive sectors.
US job growth likely slowed in May, labor market seen stable despite oil shock
America's job growth is expected to slow in May after strong previous months. The labor market remains stable. Economists believe the Middle East conflict has not yet significantly impacted jobs. Fiscal stimulus is supporting businesses. Businesses are cautious about hiring due to uncertainty. Layoffs are low, maintaining a balanced job market.
Parliament panel meeting discusses concerns over rupee, sluggish private investment
Members of a parliamentary committee voiced concerns about the rupee's decline and slow private investment. The government stated India's economy is strengthening despite global headwinds. Discussions covered inflation, international conflicts, and industrial protectionism. The committee will propose recommendations to address these economic challenges. Household savings and government investment are rising, but private investment lags.
Global firms exploit India's IPO boom to take profits back to home countries
Foreign companies are listing their Indian units to send billions of dollars back home. These are mostly secondary offerings, not for raising new funds. This trend is driven by high stock valuations in India. This is causing significant capital outflows and impacting the Indian rupee. While some officials express concern, no curbs are indicated.
Karnataka: DK Shivakumar takes over as CM with 13 ministers; Parameshwar joins as Deputy & Siddaramaiah Jr as minister
DK Shivakumar has taken oath as the new Chief Minister of Karnataka. Thirteen legislators were also sworn in as ministers. Senior leader G Parameshwar is the deputy chief minister. The new government aims to fulfill the Congress party's guarantees. The Prime Minister congratulated Shivakumar and assured central cooperation.
ET Alpha Wealth Summit: What's next for markets, AI and India's growth story?
Leading investors will convene at the ET Alpha Wealth Summit in Mumbai on June 4 to dissect market trends and identify opportunities. Discussions will focus on artificial intelligence's impact on India's IT sector and the nation's economic trajectory, alongside the durability of India's growth story amidst global uncertainties.
Trump picks inexperienced ally Bill Pulte to replace Tulsi Gabbard as top US intelligence offical
President Donald Trump has appointed Bill Pulte, a loyalist housing official, as the new head of US intelligence. Pulte, who lacks national security experience, has a history of targeting political opponents. Critics express concern over his suitability for the role. Supporters defend the appointment, citing his loyalty to elected leadership.
Energy prices, current account deficit, balance of payments big priorities right now: CEA
Managing macroeconomic fundamentals like balance of payments and current account deficit is a top priority for the government. The West Asia conflict has caused a global energy shock. Chief economic advisor V Anantha Nageswaran highlighted this urgency. He also spoke on securitisation and microfinance thresholds. Priority Sector Lending mandates are boosting volumes for the industry.
Why India's mid & smallcaps are outrunning Nifty 50 & where to invest now? Rajesh Kothari explains
Indian mid and smallcap stocks are surging ahead of largecaps. This divergence is driven by robust earnings. Many mid and smallcap firms are now debt-free and profitable. AlfAccurate Advisors is betting on sectors like EMS, Capital Goods, and Auto Ancillaries. Traditional IT services face a prolonged correction. Investors should focus on identifying strong companies.
RBI dividend provides fiscal buffer, but inflation risks loom large: Kanika Pasricha, Union Bank
The Reserve Bank of India's dividend payout provides a small fiscal buffer. However, government finances face pressure from fuel excise cuts and rising fertiliser subsidies. Inflation risks are increasing due to higher fuel prices. This situation suggests a cautious approach to monetary policy as the central bank monitors economic indicators.
Kerala’s healthcare gold rush: How private equity is reshaping hospitals and raising fears over costs
Private equity funds are pouring hundreds of millions of dollars into Kerala’s healthcare sector, reshaping a system long dominated by independent doctors and family-run hospitals.
Marco Rubio — The bridge between the Trump–Modi economic doctrine
US Secretary of State Marco Rubio visits India to forge a new economic alliance. This partnership, driven by leaders like President Trump and Prime Minister Modi, prioritizes capital and supply chains over traditional diplomacy. The focus is on tangible economic outcomes like pipelines and defense co-production.
Wall Street Week Ahead: Soaring stocks could face rocky patch as earnings wind down, yields perk up
US stocks face potential headwinds as a strong earnings season concludes. Investors are shifting focus to rising inflation and bond yields, with the PCE price index due Thursday. Futures now price in a potential Fed rate hike later in 2026, a stark contrast to earlier expectations. Key reports from Salesforce and Costco are awaited.
RBI declares record Rs 2.87 lakh crore dividend to cushion war shock
The Reserve Bank of India announced a record surplus transfer to the government for FY26, though it falls short of budget estimates. This significant payout, driven by foreign exchange gains and investment income, provides a crucial fiscal buffer amidst rising energy prices and economic pressures.
US Fed chair Kevin Warsh says will be 'reform-oriented' at glitzy White House swearing-in
New US Federal Reserve chair Kevin Warsh vowed to be "reform-oriented" as he was sworn in at the White House on Friday, with President Donald Trump insisting the central bank chief would be "totally independent." It is unusual for the chief of the Fed -- an independent non-partisan body that sets monetary policy according to a dual mandate on inflation and employment -- to be sworn in at the White House.
Angst over rising cost of living pushes US consumer sentiment to record low
US consumer sentiment fell to a record low in May as rising gasoline prices driven by the Iran war intensified cost-of-living pressures. Inflation expectations climbed sharply, especially among Republicans and independents, signalling growing economic dissatisfaction and posing risks to spending despite a still-resilient labour market and ongoing stock market gains.
Why CEA Anantha Nageswaran says India is facing a ‘Live Balance of Payments Stress Test’
India faces significant external sector challenges due to rising oil prices, foreign investor exits, and a weakening rupee. Chief Economic Advisor V. Anantha Nageswaran describes this as a "live balance of payments stress test," highlighting pressure on imports, currency stability, and foreign exchange flows. The situation is exacerbated by heavy oil import dependence and regional geopolitical tensions.
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