Krishnamurthy Subramanian, Chief Economic Advisor, Government of India, said that the current slowdown in the Indian economy is more cyclical than structural in nature and the government has a well-thought-out agenda for reforms. Speaking at the 'FICCI Young Leaders Summit: The New Indian for a New India', Subramanian said that private investment is the key driver of economic growth and consumption is a force multiplier. Subramanian further pointed out that there has been no change in the demographics, demand, and the ability of companies to supply things. The government is now doing a lot of reforms, and reforms enhance the productivity of the economy. We are taking all the steps that are necessary, he added.
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