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The Economic Times

National / The Economic Times

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CEA Nageswaran calls for capex push amid EV growth momentum

India's top companies saw profits soar post-Covid. However, investments lagged. Chief economic adviser V Anantha Nageswaran called for corporate introspection. He highlighted that companies accumulated cash instead of investing in real assets. This forced the public sector to drive growth. Nageswaran stressed the need for private sector investment to seize domestic opportunities and address trade deficits.

3 May 2026 5:30 am