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Wish RBI cuts rates, but it may not happen: NITI Aayog's Rajiv Kumar

Interview with, NITI Aayog Vice Chairperson Rajiv Kumar

NITI Aayog Vice Chairperson Rajiv Kumar
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NITI Aayog Vice Chairperson Rajiv Kumar

Indivjal Dhasmana New Delhi
As the government looks for resources to perk up the economy, NITI Aayog Vice Chairperson Rajiv Kumar tells Indivjal Dhasmana that additional funds could be generated through disinvestment, and that the fiscal deficit should be widened while focusing on the revenue deficit. Kumar refuses to call demonetisation and the goods and services tax (GST) disruptive measures, and says these are “remarkable” structural reforms. Edited excerpts:

The government is not able to propel the economy as its fiscal deficit has already touched 96 per cent of the Budget Estimate in the first five months of the current financial year. Do you