India's reduced GDP forecasts 'too optimistic': Ex-CEA Arvind Subramanian

The reduced growth forecasts on India being given by various research, ratings, and multilateral agencies in light of the Covid-19 pandemic are “way too optimistic”, and the impact of the lockdown could be even worse than what is being predicted, said former Chief Economic Advisor Arvind Subramanian on Wednesday.
 

Subramanian, along with public policy expert Devesh Kapur of Johns Hopkins University, was speaking at a webinar organised by National Council of Applied Economic Research.
 

Subramanian and Kapur also said the Fifteenth Finance Commission (FC) should do-over the recommendations it had made in its first report for 2020-21, and should not