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Tags : "CEA"

India will be back to high growth through reforms after

Chennai: Chief Economic Advisor Krishnamurthy Subramanian on Tuesday exuded confidence that the country would be back to a high growth path through reforms announced by the government, after overcoming the COVID-19 pandemic. “When reforms (announced by the Centre) unleash, we will be definitely on a high growth path”, he said participating in the Connect 2020 […]Read More

Growth decline due to intense lockdown; V-shaped recovery visible in

NEW DELHI: Attributing the 23.9 per cent contraction in GDP in April-June to the coronavirus lockdown, Chief Economic Adviser K V Subramanian on Monday said the country will witness better performance in the subsequent quarters, aided by a ‘V-shaped’ recovery in various sectors. He said indicators like rail freight traffic and electricity consumption are pointing […]Read More

Shutting India’s doors to other countries will not help: CEA

KOLKATA: Amid the current anti-Chinese sentiment triggered by the Sino-India border tension and talks of an import substitution policy, Chief Economic Advisor Krishnamurthy V Subramanian on Tuesday said shutting the doors to other countries will not help India. He said the country had followed the import-substitution model till 1991, and that approach has been discredited […]Read More

Decline in output already accounted for this year: CEA

New Delhi: Chief economic advisor K Subramanian on Thursday said “decline in output” is part of the government’s working assumptions for the current year, which also includes a possible recovery in the second half of this year or next year. Global credit rating agency S&P keeping India’s rating unchanged with a stable outlook has cleared […]Read More

FRBM framework will need to be updated, says former CEA

NEW DELHI: Former chief economic adviser Arvind Subramanian on Wednesday said the FRBM Act will probably have to be revised by the end of the year as India will witness a sharp decline in GDP growth due to the COVID-19 crisis. Addressing a webinar organised by EY India, Subramanian further said while labour reforms were […]Read More