n a dialog with businessline Editor Raghuvir Srinivasan at a breakfast with businessline session, Chief Financial Advisor to the Authorities of India, V Anantha Nageswaran, mentioned that India’s $3.7 trillion economic system is well-positioned to soak up (the anticipated flood of) capital inflows than ever earlier than, however reforms are vital.
Nageswaran credit India’s rising absorptive capability, at the very least partly, to the production-linked incentive (PLI) scheme for which 14 sectors, together with the capital intensive ‘semiconductors’, are eligible.
Nevertheless, he underscores that to have the ability to absorb capital inflows and never find yourself with an issue of lots, India ought to undertake “granular reforms”, significantly in land and labour, which requires cooperation of each the Centre and State governments.
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