This ends weeks of speculation on his future in govt; there were reports he would quit even before his tenure was over
Subramanian is on leave from the US-based Peterson Institute for International Economics
Subramanian may get an extension once his three-year term as CEA expires in October
Advises nation to steer clear of the 'coal imperialism' imposed by advanced countries
New Delhi, August 11Chief Economic Advisor Arvind Subramanian addressed a press briefing after the tabling of volume II of the Economic Survey 2016-17. He spoke to reporters on a number of issues including the goods and service tax, demonetization, risks to growth forecasts, public spending, and the lack of reliable data to capture the informal economy. Excerpts:Q. What is the thinking behind you saying that there are greater downsides for the economy to reach the higher limits of your earlier 2017-18 GDP growth forecast of 6.75 per cent to 7.5 per cent?A. We have to think in terms of probability rather than pointed outcomes. We have given a range because there is a lot of uncertainty. But what we are saying is that the balance of probabilities has shifted. It is less like than before, in my view, that we will reach the upper end of that range. It is also conditional upon policy. If, for example we can implement policies - monetary, fiscal or agriculture, among other things - that ...
Arvind highlighted a greater drag on short-term growth due to a rising stress in certain industries
Arvind Subramanian will hold classes for a week on applied economics at IIT Delhi
We have done a lot on FDI and other areas, but I think we need to do more, Subramanian said
India witnessed the fastest growth during a period when exports were highest, Subramanian said
After a sharp decline in April, RBI has lowered inflation projection
India's economic growth slowed to 7.1% in 2016- 17
Targets for debt and deficit are less important than their trajectories
CEA said fiscal policy should not be irresponsibly expansive
Subramanian stressed on the need to factor in voices distant from power centres
Delivering VKRV Memorial Lecture, the CEA said low investment grade raised India's borrowing costs
Subramanian criticises experts for trying to be on right side of power
He adds agencies didn't upgrade India ratings despite improvement in eco fundamentals, unlike China
Earlier, Bibek Debroy had courted controversy by saying that agricultural income should be taxed
US, Australia and New Zealand had put curbs on movement of skilled professionals from India
Anything that is going to interfere with export growth creates anxiety (in India)