Ensuring economic growth is sustainable, balanced and equitable

V Anantha Nageswaran, Chief Economic Adviser, Government of India, on leaping to a developed India” tag by 2047 

Ananth Nageswaran Aug 2023

India has ambitiously tasked itself to leap to the next level on the development ladder to a developed India” tag by 2047. The country is categorised as an Aspirational Society,” aiming to seize the opportunities provided by an economy that maintains steady and high economic growth. 

This society aspires for better living standards, including the bare necessities, better health care, education, clean water, sanitation facilities, affordable housing, electricity, and the internet. 

The big tent of India’s social infrastructure must reach a diverse and expansive populace, transcending cultures, languages, and geographies, after all! The Government is thus making all efforts to live up to this challenge and demands of society, as economic growth without shared prosperity and well-being is devoid of meaning. 

A vast ground has been covered to ensure sustainable and equitable economic growth. However, the journey continues with fresh challenges and innovative solutions.

About the Speaker

Prior to being appointed Chief Economic Adviser in January 2022, Dr. V. Anantha Nageswaran was a writer, author, teacher, and consultant. He has written a weekly Mint column for fifteen years on Tuesdays, since 2007.

He has co-authored four books, The Rise of Finance – Causes, Consequences, and Cures, Derivatives, Can India Grow? and The Economics of Derivatives.

He has taught at several business schools and institutes of management in India and Singapore. He was the Dean of the IFMR Graduate School of Business and a distinguished Visiting Professor of Economics at Krea University.

He was one of the founders of the Aavishkaar Venture Capital Fund and the Takshashila Institution. He has served on the Academic Advisory Board of DAV Schools in Tamil Nadu and the Indian School of Public Policy.

He was a part-time member of the Economic Advisory Council to the Prime Minister of India from 2019 to 2021

In his corporate career spanning seventeen years from 1994 to 2011, he was a Currency Economist at the Union Bank of Switzerland, Head of Research and Investment Consulting at Credit Suisse Private Banking in Asia, Head of Asia Research and Global Chief Investment Officer at Bank Julius Baer.