Overview
- Chief Economic Adviser V. Anantha Nageswaran reported that July’s online gaming outlay reached about ₹10,000 crore, implying an annualised run rate near ₹1.2 lakh crore.
- He highlighted a broader shift in urban consumption toward options trading and unlisted service providers that escape standard measurement.
- Nageswaran said last year’s consumption slowdown was countered by middle-class tax cuts in the Union Budget and a 100-basis-point RBI policy rate cut coupled with surplus liquidity.
- He urged close public-private coordination to expand AI and semiconductor capacity and warned of resource constraints such as power, water and GPU shortages.
- The Cabinet Committee on Economic Affairs approved ₹4,600 crore for four India Semiconductor Mission projects in Odisha, Punjab and Andhra Pradesh.