New Delhi, May 29 -- At the Confederation of Indian Industry's Annual Business Summit on Thursday, Chief Economic Adviser (CEA) V. Anantha Nageswaran underscored trust, deregulation, and reciprocity as key to helping India escape the middle-income trap.

Nageswaran emphasised that substantial regulatory overreach frequently originates from the private sector's failure to reciprocate institutional trust, creating systematic barriers to economic advancement.

The CEA counseled against excessive preoccupation with global economic uncertainties, highlighting India's domestic economy structure where private consumption constitutes 60 percent of gross domestic product.

This domestic consumption foundation provides inherent resilience against e...