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Day: January 31, 2025

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Exclusive | RBI’s macro-prudential actions may have contributed to demand slowdown, says CEA Nageswaran

Chief Economic Advisor V Anantha Nageswaran, emphasised that changes in private-sector hiring and compensation practices in the post-COVID era have played a significant role in the consumption trends observed today. These changes, alongside the central bank’s credit-related actions, have influenced consumer spending patterns and economic activity. His comments come in the backdrop of the government’s Economic Survey, which projects India’s GDP growth between 6.3% and 6.8% for FY26.

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RBI’s macro-prudential measures were necessary but contributed to demand slowdown: CEA

The Reserve Bank of India’s macro-prudential actions may have been necessary at different times but collectively contributed to a slowdown in demand, Chief Economic Advisor V Anantha Nageswaran said. Speaking to CNBC-TV18, he highlighted factors such as post-COVID labour market shifts and private sector hiring trends as key contributors to the consumption slowdown.