Bigger reforms coming, we'll see a V-shaped recovery: CEA Subramanian

Addressing a virtual conference organized by All India Management Association (AIMA), the CEA said the economy will witness a V-shaped recovery

Chief Economic Advisor (CEA) Krishnamurthy Subramanian on Wednesday said further announcements as part of the government's plan to boost the economy would be reform-oriented. He also said the economy would witness a V-shaped recovery.

"Most people are more pessimistic than they need to be,” said the CEA on various assessments of an economic recovery. He was addressing a virtual conference organised by All India Management Association (AIMA). 

He listed land, labour, law, and liquidity as the key areas of big reforms. 

Subramanian also expected reforms in public sector banks. He said these lenders were reluctant to lend even before the Covid-19 pandemic hit