Its all part of 5-year agenda: Virmani

Written by Economy Bureau | New Delhi | Updated: Jul 3 2009, 06:29am hrs
The radical reform agenda that made the stock markets soar briefly by 88 points at noon is not a one-year Budget agenda, according to chief economic advisor Arvind Virmani. It is a four to five-year agenda he said in an interview to FE.

Chapter 2 (which suggests the reform measures) was introduced last year. So its really a new way of looking at things--a little more analytically and into the future. In that sense, its slightly more speculative than the rest of the Survey.

Responding to the criticism that most of the Surveys humungous list is unlikely to figure in the Budget on Monday, Virmani said, Both the previous FM and this FM treat the Economic Survey as the view of the professionals in the ministrybetween the CEA and his team.

What we are saying is that there are four areas that have been exposed to the shock in terms of our ability to sustain growth. These are fiscal, financial, energy and investment.

Virmani said the economy needs get back the growth momentum and sustain it for long.