If we implement policies that revive growth, we can go to upper range: CEA

Arvind Subramanian spoke to reporters on a number of issues

Chief Economic Advisor Arvind Subramanian addressed journalists after the tabling of Volume II of the Economic Survey 2016-17. He spoke on a number of issues. Edited excerpts:

What is the thinking behind saying that there are greater downsides for the economy to reach the higher limit of your earlier 2017-18 gross domestic product (GDP) growth forecast of 6.75 to 7.5 per cent?

We have to think in terms of probability, rather than pointed outcomes. We have given a range because there is a lot of uncertainty. But, what we are saying is that the balance of probabilities has shifted. It is less