FRBM panel roadmap became obsolete last year: CEA Arvind Subramanian

Growth seems to be up, inflation is back, there is concern about the fiscal stance, says Arvind Subramanian

A day after presenting his fourth Economic Survey, Chief Economic Advisor Arvind Subramanian said the upcoming Budget would eschew populism and there was a need for a more realistic fiscal road map. Subramanian also told Arup Roychoudhury and Indivjal Dhasmana in an exclusive interaction he saw a three-rate goods and services tax in the next three years. Edited excerpts:
 
What should be the action points for the government in the coming fiscal year?
 
The mantra is to “do no harm”, so no fiscal populism. The government has been very clear about that. We have to finish ongoing reforms.