Page 9 - Chief Economic Advisor

V-shaped recovery of economic activity continued in Oct: CEA Subramanian

Chief Economic Adviser K V Subramanian on Saturday said V-shaped recovery of economic activity continued in October and both factory output and core sector growth have inched up to the pre-COVID level. The Index of Industrial Production (IIP) rose 3.6 per cent in October, mainly due to better performance of manufacturing and electricity generation sectors. The manufacturing sector, which has a weightage of 77.6 per cent in the IIP, recorded a growth of 3.5 per cent in October. In the year-ago period, the sector had a contraction of 5.7 per cent, according to data released by National Statistical Office (NSO) on Friday. "V-shaped recovery of economic activity continued in Oct... IIP & eight-core index further inched up to pre-COVID levels. The broad-base recovery in IIP resulted in a growth of 3.6 per cent in October 2020 as compared to a contraction of 6.6 per cent in Oct-19," he said in a series of tweets. Growth in IIP and eight core industries is on the back of broad-based ...

NBFC needs to monitor its rollover risk and interconnected risk, says CEA

CEA Subramanian also suggested a way to solve the problem -- adopt technology and use available data to screen sketchy borrowers

Won't splurge stimulus money, infra spending to be key: Sanjeev Sanyal

Govt's economic advisor stresses there is no demand-driven inflation yet in the economy

India's banking sector needs to grow for becoming $5 trillion economy: CEA

CEA K V Subramanian said that India's banking system is proportionately smaller than the size of the economy and it needs to grow for the country to become a $5 trillion economy

The joker in the pack

Government's fiscal headroom is crucially linked to a realistic assessment of its net revenue collection

Former CEA Arvind Subramanian to join Ashoka University as professor

Subramanian is currently visiting lecturer at the Harvard Kennedy School.

India-US 'green' corridor for air travel, and other coronavirus updates

The total number of Covid-19 cases in Delhi crossed the 66,000 mark, with the biggest single-day spike of 3,947 fresh infections being reported on Tuesday

Demand in economy will rise when uncertainty is not there, says CEA

According to him, this uncertainty arising out of the health factor will stay until a vaccine for Covid-19 is developed, and spending will not pick up till then

'No doubt' on GDP contraction in Q1: CEA Krishnamurthy Subramanian

Subramanian also said that the Centre had gone beyond its means to support states, was keeping its options open regarding deficit monetisation, and that the new privatisation policy would be out soon

Calibrated monetary, fiscal stimulus on anvil: Principal Economic Advisor

International passenger travel would remain shut for a long time, not for weeks but for months, he said citing examples of sectors which will continue to be non-functional

Budget 2020 LIVE updates: FM Nirmala Sitharaman at Finance Ministry

Budget session 2020 LIVE updates: The Economic Survey is a detailed report card on the economic performance in the year

Economic Survey 2020 to be released today; Union Budget on Saturday

The Survey, a detailed report card on the economic performance in the year, comes amid concerns over a deepening slowdown

Rising stocks amid economic slowdown leave former CEA Subramanian surprised

Equity benchmarks advanced to fresh lifetime highs for the third session on the trot on Thursday, spurred by buying in energy, IT and auto counters amid persistent foreign fund inflows

Invest in human capital to improve productivity, says CEA Subramanian

"The reforms that you see today are an articulation of a cogent vision that has private investments at its heart," Subramanian added

CEA Subramanian sees GDP picking up in Q3, says fundamentals remain strong

India's economic growth slowed to 4.5 per cent in the September quarter from 7.1 per cent in the corresponding period of last year

Cut in corporate tax rate important for investments: CEA Subramanian

The government has undertaken a number of measures to arrest the growth slowdown. In September, it announced a cut in the corporate tax rate to 22 per cent from 30 per cent.

The PMO should tell its economic advisers to be more discreet - or quit

Members on the PM's Economic Advisory Council are entitled to their views on the economy but they aren't really free to express them while staying on the council

Will think 'deeply' on issuing sovereign bonds, says CEA Subramanian

The BJP-led govt announced in the Budget that it will raise a part of its market borrowing by issuing foreign exchange-denominated bonds in overseas markets

Economic Survey 2019 Highlights: Bullish on growth despite tepid numbers

The revised fiscal glide path, as per the Survey released on Thursday, envisages achieving fiscal deficit of 3 per cent of GDP by FY 2020-21

A much-needed blueprint

The Economic Survey posits a clear development model to put India on a high-growth path