CEA Nageswaran Highlights Conditional Support Model of East Asian Economies for India
Chief Economic Advisor V Anantha Nageswaran highlighted East Asian economies like China, South Korea, and Vietnam as models for India's industrial policy. He emphasized that these countries provided government support to domestic industries only conditionally, based on performance metrics such as productivity, export capability, and international competitiveness. Nageswaran noted that support was withdrawn if industries failed to meet these standards. He also acknowledged other factors like education and land reforms but stressed conditional protection as a key lesson for India today.