Like Bollywood, rating agencies underrate emerging faces: CEA Subramanian

Fiscal expansion, as suggested by the Economic Survey, will be funded by disinvestments, borrowing and both direct and indirect tax receipts, he says

A day after the Economic Survey for 2020-21 was tabled in Parliament, its author and Chief Economic Advisor Krishnamurthy Subramanian says that the government has been holding internal deliberations with credit rating agencies and other stakeholders over ratings actions as the country's economic fundamentals demand a much higher sovereign rating. He tells Shrimi Choudhary that fiscal expansion, as suggested by the Survey, will be funded by disinvestments, borrowing and both direct and indirect tax receipts. Edited excerpts: 

You bat for big government spending. But how will this fiscal expansion be funded? 

I said that the fiscal rules should be framed