India's economic indicators 'promising': Subramanian

Describing the current economic scenario of the country as a "golden age", Chief Economic Adviser Arvind Subramanian has asked students to stay away from "gloomy news" and "negativity".
"Despite challenges, this is going to be the golden age for developing countries like India, where many economic indicators are very promising", the Institute for Financial Management and Research (IFMR) quoted Subramanian as saying in a release.
Subramanian was speaking at the convocation ceremony of IFMR at Sri City Special Economic Zone here yesterday.
He last week had said that India can achieve economic growth rate of 8-10 per cent in the next three years.

"We have released the Economic Survey in February which has said about 7 - 7.75 per cent. In the medium term that includes three years time what we are aspiring and we can achieve is 8-10 per cent growth", he had said.
Congratulating the graduating students, he advised them to stay away from "gloomy news" and "negativity" and appealed them not to get "bogged down" by failures.
Though he was perceived as a very successful person, Subramanian commented that he crossed many failures like not getting in to IAS and rejection of academic papers, the release said.