India needs to raise its game, the private sector must invest more: CEA
Chief Economic Advisor V. Anantha Nageswaran urged private sector investment in research and development during an Assocham session, emphasizing that government policy alone cannot drive economic growth. He noted an 11.9% rise in investments in the June quarter, indicating resilience in the Indian economy despite global pressures. Continued growth support from the government is expected as the economy strengthens.