GDP likely to grow at around 7% in FY20: CEA Krishnamurthy Subramanian

The government should work on the three factors of production, which are capital, land and labour, says CEA Subramanian

Chief Economic Advisor Krishnamurthy Subramanian, busy in preparing the Economic Survey, projects India’s gross domestic product (GDP) growth for 2019-20 to be around 7 per cent. In an interview to Arup Roychoudhury & Indivjal Dhasmana, he says the next government should focus on capital, labour and land reforms, and that the debate on the accuracy of the official data is misinformed. Edited excerpts:

There has been a lot of talk about a slowdown in consumption, rural wages and private investment. What is your take?

A significant decline in private investment till last year was because of two reasons: building up