‘Private sector must invest, hire, pay fairly; youth should be open to trade skills’: Chief Economic Advicer Nageswaran

Chief Economic Advisor V Anantha Nageswaran has called on the private sector to "invest, hire, and compensate fairly" while urging the youth to consider pursuing trade skills over conventional education in light of the rapid changes brought about by artificial intelligence (AI). Speaking at a meeting of industry body ASSOCHAM, Nageswaran highlighted the need for individuals and households to "raise our game" as the current period is one of "churn," and what had served India well since Independence may not be adequate for the next 25 years.

He emphasized the importance of embracing change for the Indian economy to sustain its growth, noting that while reforms to improve ease of living and doing business will continue, policy cannot be the sole driver of the economy going forward.

Brief written by urgent.news from The Indian Express's own syndicated text. Machine-written — may contain errors; check the original before relying on it.