Chief Economic Advisor V Anantha Nageswaran on Friday said India’s robust economic growth is possible with a savings rate of around 30 per cent, however, this would be possible if policy reforms continue to improve capital efficiency and reduce costs of investment. Chief Economic Advisor (CEA) V Anantha Nageswaran on Friday said India’s robust economic growth is possible with a savings rate of around 30 per cent, however, this would be possible if policy reforms continue to improve capital efficiency and reduce costs of investment. He also emphasised on the fact that infrastructure development, deregulation, ease of doing business, and process reforms are also necessary to lower the Incremental Capital Output Ratio (ICOR). “With a 30% savings rate, India can still reach around 7.5% real GDP growth if capital efficiency improves,” he said, as he lauded the strong performance of the services sector, the CEA said manufacturing continues to require focused attention. Addressing concerns over the rupee's depreciation despite low domestic inflation, Nageswaran said, “India remains a capital-importing country.

Source: dna January 31, 2026 06:35 UTC