New Delhi, Jan 29 (UNI) Chief Economic Adviser V Anantha Nageswaran on Thursday said India has emerged as an oasis of macroeconomic stability in a turbulent global environment, marked by slowing growth, elevated debt levels and persistent uncertainty across major economies. He noted that this balance reflects the strength of India’s macroeconomic framework, supported by prudent fiscal policy, effective monetary coordination and resilient domestic demand. On the external sector, Nageswaran emphasised that a strong manufacturing base is a pre-condition for achieving durable currency stability. While services exports have provided resilience, he said, long-term stability of the rupee requires manufacturing-led export growth and deeper participation in global value chains. The CEA also highlighted India’s steep decline in data costs compared to other countries, describing it as a key structural advantage.