Economic Survey estimates conservative, says CEA V Anantha Nageswaran

V Anantha Nageswaran said that the financial year 2022-23 (FY23) growth projections in the Economic Survey of 2021-22 are conservative compared to other agencies

In his first public appearance since being appointed the chief economic advisor, V Anantha Nageswaran said on Monday that the financial year 2022-23 (FY23) growth projections in the Economic Survey of 2021-22 are conservative compared to other agencies.

Nageswaran said the Survey’s assumption that crude oil prices will average at $70-75 a barrel through the year is realistic.

Nageswaran was announced as CEA on Friday as his predecessor Krishnamurthy Subramanian returned to academia in December. The Survey was, thus, drafted by Principal Economic Advisor Sanjeev Sanyal.

“The projection that the Economic Survey has made is on the conservative side, compared to the projections