On the Covid-19 pandemic, Subramanian said the impact of the second wave is lesser than that of the first one
Moreover, the Chief Economic Adviser (CEA) asserted that high food inflation has not impacted a large section of population as they are being given free ration under the PMGKY
The economic activity can come back once the pandemic related strictures are removed, Covid-appropriate behaviour becomes a part of life and the pace of vaccination accelerates
Subramanian said a key factor during pandemic is the role of e-commerce and digitisation that India embraced
The latest Economic Survey has presented an interesting new index called the Bare Necessities Index. The BNI Index covers five areas that impact the daily lives of a bottom-of-the-pyramid householder
Subramanian on Saturday has said that the country requires growth at this juncture
The financial sector will have to play an important role in infrastructure lending which needs specialised expertise, Chief Economic Adviser KV Subramanian said on Tuesday
India's retail inflation, which had touched double-digits during the previous Congress party-led government, has gradually fallen, helping Modi to win a second term in 2019
The reform measures announced in the Budget 2021-22 will play a big role in India becoming a USD 5 trillion economy and beyond,Chief Economic AdviserK V Subramanian said on Friday.
Fiscal expansion, as suggested by the Economic Survey, will be funded by disinvestments, borrowing and both direct and indirect tax receipts, he says
Subramanian, the lead author of the Economic Survey, also made a case for strong counter-cyclical measures to encourage private investment
Fiscal policy must support growth till the pre-Covid trajectory is achieved
The Indian economy can contract by 7.7 per cent in the current financial year ending on March 31 and the growth could be 11 per cent in the next financial year, according to the Economic Survey
Forget fiscal conservatism, turn on the fiscal taps, and ignore debt build-up, says Survey
Severely criticises RBI for not being able to unearth full extent of bad debt mess in banks in previous AQR round
Amid the ongoing controversy over the three new farm laws, Chief Economic Adviser K V Subramanian on Friday said legislations will have multiple benefits for the farmers. Farmers, mainly from Punjab, Haryana and UP, are protesting against the Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Act, 2020, the Farmers Produce Trade and Commerce (Promotion and Facilitation) Act, 2020, and the Essential Commodities (Amendment) Act, 2020. "We are economists and talk about economics. And economics says that it (the farm laws) has many benefits," Subramanian said during a press conference. Enacted in September, the three farm laws have been projected by the central government as major reforms in the agriculture sector that will remove the middlemen and allow farmers to sell anywhere in the country. However, the protesting farmers have expressed apprehension that the new laws would pave the way for eliminating the safety cushion of Minimum Support Price and
BUDGET SESSION 2021 LIVE UPDATES: Ahead of the Budget 2021, Parliament Session is set to begin today. Stay tuned for LIVE updates on Budget session of the Parliament
CEA said growth leads to debt sustainability and even if India were to have real GDP growth rate as low as 3.8% each year from 2022-23 to 2028-29, the country's debt levels will still come down
The Survey emphasised that the year after the crisis will require sustained and calibrated measures to facilitate the process of economic recovery
The Economic Survey 2020-21, authored by CEO K Subramanian, has pegged India's GDP contraction in FY21 at 7.7 per cent, and real GDP growth in FY22 at 11%. Hefre are both volumes of the document