‘Fundamentals strong amid downsides’

• Globalisation retreats with a return to Cold War-era geopolitics, requiring a focus on domestic economic drivers.

• The survey suggests a deregulation stimulus to boost India’s growth average in the next two decades.

• Chief Economic Adviser V. Anantha Nageswaran warns against a ‘business as usual’ approach, citing the risk of economic stagnation.

• The survey recommends allowing businesses to focus on their core mission and bridging the ‘trust deficit’ between authorities and the public.

• The survey suggests rolling back regulation significantly and embracing risk-based regulations.

• The CEA emphasizes the need to move from ‘guilty until proven innocent’ to ‘innocent until proven guilty’.

• The survey highlights the high trust quotient within India’s communities, which hinders scale and complicates verification, compliance, and reporting requirements.