"India's ability to adapt, innovate as circumstances change, our resilience": CEA Nageswaran's message to economists who underestimate India's economy
New Delhi, June 14 -- India's ability to adapt and innovate in changing circumstances would have been the biggest underestimation made by some economists regarding the health of the Indian economy, Chief Economic Advisor to the Government of India, V Anantha Nageswaran said on Sunday.
Answering queries about scepticism by some economists over the overall health of the economy and claims that there is too much of a focus on GDP growth numbers, the CEA said that such statements are made because they are "extrapolating in a linear manner and complex systems cannot be extrapolated linearly."
"I think our resilience, our ability to adapt and innovate as circumstances change would have been their (economists) biggest underestimation because t...
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