PTI Thiruvananthapuram

India remains a rare "bright spot" in a world facing growing uncertainty, said Chief Economic Advisor (CEA) V Anantha Nageswaran, pointing to the country's steady economic performance despite ongoing global challenges.

Talking to PTI, the CEA said that while conflicts and disruptions have been part of the global scene since 2022, they have become more intense and unpredictable, making the overall environment--whether political, economic or security-related--far more difficult for growth across the world.

"You could say that downside risks are higher than the potential for upside surprises," Nageswaran said, when asked for his views on the impact on the Indian economy due to rising global uncertainties. He said this is not just a problem for India -- it's affecting many countries.

"To some extent, one can say that the global environment today--whether political, economic or related to security--has become considerably more complicated and more challenging for growth, not just for India but for several countries, almost for the entire world economy," the CEA said.

But under these circumstances, Nageswaran said he believes that India does indeed stand out as a relatively "bright spot." Noting that India's economy has shown resilience since the COVID-19 pandemic, achieving strong growth while also improving its fiscal health, he said, "We have reduced the fiscal deficit and brought down government debt levels."