CEA Krishnamurthy Subramanian

Senior FinMin officials says development showing confidence in the Indian economy

India has emerged as a positive spot in the world economy, due to the well-designed policy responses that were implemented during the COVID crisis, Krishnamurthy Subramanian, Executive Director (India)- International Monetary Fund Designate said on Tuesday. He was addressing All India Services, Central Civil Services, and Military Engineer Services Officers at Dr MCR HRD Institute of Telangana here, an official release said. The former Chief economic Advisor said the policy response of the Centre addressed supply side disruptions, by allowing movement of essential commodities even during the lockdown, as any disruptions in the supply chain would have made it extremely difficult to kick-start the economy, once again. Analysing the COVID policy response, Subramanian said as the Indian economy emerges from the COVID crisis, it is far more resilient than it was at the time of the earlier crisis. India is poised to enter a decade of growth at over seven per cent, which was in line with

India will achieve its fiscal deficit target of 6.8% of gross domestic output in FY22, says K V Subramanian

Vijay Kelkar bats for single 12% GST rate

Chief Economic Advisor (CEA) Krishnamurthy Subramanian on Thursday said the recent reforms initiated by the government will lay the foundation of higher growth

Along with the brand and the slots of the debt-ridden state-owned airline, the Tatas will get the low-cost subsidiary Air India Express and a 50 per cent stake in ground handling firm AISATS.

Move ahead of budgetary exercise beginning Oct 12

The focus of the government policies in the last seven years has been on enabling competition in the economy, CEA K V Subramanian said, stressing this is partly responsible for growth of startups

Terming Insolvency and Bankruptcy Code as a "seminal reform", Chief Economic Adviser KV Subramanian on Friday said it has been instrumental in changing the mindset of promoters of businesses by making them more accountable. Before IBC, he said, there used to be this feudalism, where the corporate debtor took it as the divine right to be in control. "One big change that the IBC has brought is that it has ended feudalism of the promoters in a capitalistic society. There is absolutely no space for feudalism in an economic society which is actually based on freedom," he said at the 5th annual day of the Insolvency & Bankruptcy Board of India (IBBI). In a democracy or a free society, he said, there is no space for feudalism. Talking about resistance to reforms in a democracy, he said it comes from a vocal minority who have access to corridors of power. In any democracy, when you think about reform, there is always this tussle between two sets of stakeholders, one that is a vocal ...

Credit penetration or providing credit to a large section of society is very important for economic development of the country, Chief Economic Adviser (CEA) K V Subramanian said on Thursday

Chief Economic Adviser K V Subramanian on Wednesday said India will clock over 7 per cent annual growth during this decade on the back of strong economic fundamentals

Chief Economic Adviser Krishnamurthy Subramanian on Sunday said history will look at this year as important for privatisation

From vehicle sales taking a beating in August to Jet Airways' plans to resume service by early 2022, Business Standard brings you the top headlines at this hour

'The decline and the subsequent recovery was not reflecting anything about the fundamentals of the economy. It is only reflecting the economic restrictions that were placed or removed', said CEA

GDP data re-affirms govt's prediction of an imminent V-shaped recovery, says K V Subramanian

India will not be impacted by the US Federal Reserve's move to tighten liquidity expected later this year, as India's macro-economic fundamentals are strong, CEA K V Subramanian said

This comes a month after a Parliamentary panel flagged the "disproportionately large and unsustainable 'haircuts' taken by the financial creditors over the years"

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

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 ...

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