Reforms to unleash employment-led growth vs jobless expansion earlier: CEA

Krishnamurthy Subramanian says govt is converting Covid crisis into an opportunity by focusing on labour-intensive economic growth

Chief Economic Advisor (CEA) Krishnamurthy Subramanian on Monday said the government is converting the Covid-19 crisis into an opportunity to have labour-intensive economic growth. This, he said, is a shift from jobless growth seen in the past.
 
He said reforms being undertaken by the Narendra Modi government would benefit the silent majority, but the ‘status-quoist minority’ is more vocal.
 
Addressing a Confederation of Indian Industry event, Subramanian said, “The agricultural changes, micro, small and medium enterprise (MSME) definitional changes, production-linked intensive (PLI) scheme, labour reforms are all an attempt to change the macroeconomic configuration of the economy towards