Page 2 - Cea Krishnamurthy Subramanian

'Definitely going to happen': CEA on GST rate structure rationalisation

India is the fifth largest economy of the world but the banking system is still has a lot of catching up to do, he said

India's economic growth to start hitting 6.5-7% from FY23 onwards: CEA

The country's economy will start witnessing a growth of 6.5 to 7 per cent from fiscal 2023 onwards, helped by various reforms undertaken by the government so far and also as COVID-19 vaccination drive progresses, Chief Economic Advisor Krishnamurthy Subramanian said. He expects the impact of the second wave not to be very significant. The country's economy contracted by 7.3 per cent in fiscal 2020-21. Together with the reforms and focus on vaccination, I expect growth to start hitting close 6.5 to 7 per cent from FY23 onwards and accelerate from there on, Subramanian said at a virtual event organised by Dun & Bradstreet. Given the significant reforms that have been done over the last one and a half years, I have no hesitation in saying that I look forward to a decade of high growth for India. He said the momentum in recovery that was seen in the fourth quarter of FY21 and overall in the second half of FY21 got impacted to some extent by the second wave of COVID-19. While the ...

Rs 1.75 trillion disinvestment target on track, says CEA Subramanian

The target of mopping up Rs 1.75 trillion from disinvestments of some of public sector companies, including LIC and BPCL during current fiscal, is on track and groundwork is being prepared for goal

Rs 1.75-trn disinvestment target on track: CEA Krishnamurthy Subramanian

On the Covid-19 pandemic, Subramanian said the impact of the second wave is lesser than that of the first one

CEA expects food inflation to ease with unlock and good monsoon

Moreover, the Chief Economic Adviser (CEA) asserted that high food inflation has not impacted a large section of population as they are being given free ration under the PMGKY

CEA K V Subramanian expects green shoots ahead of festive season

The economic activity can come back once the pandemic related strictures are removed, Covid-appropriate behaviour becomes a part of life and the pace of vaccination accelerates

Economy better placed to meet second Covid wave with vaccination drive: CEA

Subramanian said a key factor during pandemic is the role of e-commerce and digitisation that India embraced

The bare necessities for India

The latest Economic Survey has presented an interesting new index called the Bare Necessities Index. The BNI Index covers five areas that impact the daily lives of a bottom-of-the-pyramid householder

Chief Economic Advisor Subramanian bats for growth over inflation

Subramanian on Saturday has said that the country requires growth at this juncture

CEA Subramanian stresses on infra-led growth, takes on crony lending

The financial sector will have to play an important role in infrastructure lending which needs specialised expertise, Chief Economic Adviser KV Subramanian said on Tuesday

India's inflation target band needs adjustment, says CEA Subramanian

India's retail inflation, which had touched double-digits during the previous Congress party-led government, has gradually fallen, helping Modi to win a second term in 2019

Reform measures in Budget to help India become $5 trillion economy: CEA

The reform measures announced in the Budget 2021-22 will play a big role in India becoming a USD 5 trillion economy and beyond,Chief Economic AdviserK V Subramanian said on Friday.

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

Revival of animal spirits with 11% growth rate in FY22: CEA Subramanian

Subramanian, the lead author of the Economic Survey, also made a case for strong counter-cyclical measures to encourage private investment

CEA Subramanian bats for Pant-Pujara approach to economic revival

Fiscal policy must support growth till the pre-Covid trajectory is achieved

'Contact-sensitive sector with manufacturing will contribute to 11% growth'

The Indian economy can contract by 7.7 per cent in the current financial year ending on March 31 and the growth could be 11 per cent in the next financial year, according to the Economic Survey

A call to print more money: Economic Survey sees a 'V-shaped recovery'

Forget fiscal conservatism, turn on the fiscal taps, and ignore debt build-up, says Survey

Eco Survey suggests end to forbearance, another asset quality review round

Severely criticises RBI for not being able to unearth full extent of bad debt mess in banks in previous AQR round

New farm laws will have multiple benefits for farmers: CEA Subramanian

Amid the ongoing controversy over the three new farm laws, Chief Economic Adviser K V Subramanian on Friday said legislations will have multiple benefits for the farmers. Farmers, mainly from Punjab, Haryana and UP, are protesting against the Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Act, 2020, the Farmers Produce Trade and Commerce (Promotion and Facilitation) Act, 2020, and the Essential Commodities (Amendment) Act, 2020. "We are economists and talk about economics. And economics says that it (the farm laws) has many benefits," Subramanian said during a press conference. Enacted in September, the three farm laws have been projected by the central government as major reforms in the agriculture sector that will remove the middlemen and allow farmers to sell anywhere in the country. However, the protesting farmers have expressed apprehension that the new laws would pave the way for eliminating the safety cushion of Minimum Support Price and

LIVE: India took 'short-term pain' for long-term economic gain, says CEA

BUDGET SESSION 2021 LIVE UPDATES: Ahead of the Budget 2021, Parliament Session is set to begin today. Stay tuned for LIVE updates on Budget session of the Parliament