Economy to see robust growth on back of structural reforms, capex push: CEA

GDP data re-affirms govt's prediction of an imminent V-shaped recovery, says K V Subramanian

Chief Economic Advisor (CEA) K V Subramanian said that India’s economy is all set for robust growth on the back of government’s capex push, structural reforms, rapid inoculation and financial sector cleanup and activities would recover to pre-Covid levels by the next year.

Further, with regard to tapering by US Federal Reserve, he said that it should not be that much of a concern for India. “Whenever tapering happens, India will be in a very good position to withstand it. India’s macro-economic fundamentals much stronger now than post global financial crisis,” the CEA said.

While giving a statement on the