The government will spend on building infrastructure rather than boosting consumer demand artificially, Sanyal said
In a Q&A, the finance ministry's Principal Economic Advisor also explains why he thinks the latest Budget is extraordinary
The RBI also projected the economy to grow 20.6 per cent in the first quarter of the next fiscal year.
He also said there are certain sectors like hospitality which need "special love and care"
Google is facing a new antitrust case in India in which the US tech giant is alleged to have abused its Android operating system's position in the smart television market.
Principal Economic Adviser Sanjeev Sanyal on Wednesday said the government recognises the need for further stimulus at an appropriate time to perk up demand in the economy, hit by Covid-19
Govt's economic advisor stresses there is no demand-driven inflation yet in the economy
There is lots of monetary space as interest rates here are still significantly positive unlike western Europe, where there is zero to negative rates, he said at the India Global Week 2020
In the paper, titled 'Risk vs Uncertainty: Supervision, Governance & Skin-in-the-Game', Sanyal has argued that a conventional top-down approach of regulation is the go-to solution for governments
When asked about IL&FS crisis and PNB fraud, he said better supervision could have avoided these episodes rather than more regulation
Sanyal dismissed the conservative estimates and said his numbers took into account early signs of recovery in manufacturing and a pick-up in consumer demand
"Corporate tax reductions, the Insolvency and Bankruptcy Code and the banking sector reforms have helped and will help propel growth further," Sanjeev Sanyal, principal economic adviser to govt, said
Economic growth hit over six-year low of 5% for the first quarter ended June 2019 mainly driven by demand slowdown
Principal economic adviser to the finance ministry, Sanjeev Sanyal has written a book of short stories, Life Over Two Beers. He is one of the rare economists who writes
According to Sanyal, the government has been able to anchor the inflation level between three to four per cent
The underlying theme in all the stories is the inherent human need for validation and recognition, and how some people are willing to go to any length to get it
We are trying to move from a patronage-based society to a rule based society, he adds
Sanyal, who is aware of buzz over his proximity to high, mighty in BJP, chooses his words carefully
Interview with the finance ministry's principal economic advisor, Sanjeev Sanyal
The noted economist has written several books too