INDIA’S TOP economist on Saturday criticised the private sector asking it to reflect why it has been reluctant to invest, which in itself might have contributed to demand uncertainty. Addressing the second annual Isaac Centre for Public Policy Growth Conference organised by Ashoka University, Chief Economic Advisor V Anantha Nageswaran said , “Post Covid, if you look at BSE 500 or NSE 500 companies, corporate profits grew at 30.8% per annum. But still, our overall capital formation rates from the private sector have been disappointing.” The CEA also warned about a more restrictive external environment and said India needed its own “answer” to Chinese and American laws that secure their supply chains and inward investments. He said global companies will find it “more and more difficult” to move out of China, and warned that India will have to “accept and be willing to work alongside” such a restrictive global environment.…