CEA wants more private sector growth.

• Nageswaran advocates for increased private sector involvement, driven by deregulation, to boost domestic economic growth.

• Real GDP growth is expected to reach 6.4% in 2024-25, with an annual growth rate of 8% for at least a decade.

• To achieve this, the investment rate needs to rise to around 35% of GDP.

• The efficiency of investment can be boosted by reducing government control over businesses.

• Easing rules and regulations could increase economic freedom of small industries by reducing compliance costs.

• Nageswaran also recommends deregulation in agricultural marketing, pollution control, food safety, excise, and legal metrology.

• He also advocates for cheaper electricity tariffs for industries.

• The CEA argues that incremental liberalisation of laws would be easier once the first stage of deregulation is set in motion.