New Delhi, March 4 -- India's chief economic advisor V. Anantha Nageswaran on Tuesday warned that recent policy actions across the world could hinder global growth and emphasized the need to foster optimism in India by easing economic activity.

Speaking at a post-budget webinar organized by the department of financial services, he said economic activity with minimal compliance, inspection, and licensing requirements will foster optimism about growth.

"The budget announced by the honourable finance minister, under the guidance of the honourable prime minister, places a high degree of emphasis on deregulation and ease of doing business," he said, adding the budget 2025 focussed on three critical reforms: strengthening investment climate a...