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  1. GDP of 7.1 pct is a healthy economic growth number: Arvind Subramanian

GDP of 7.1 pct is a healthy economic growth number: Arvind Subramanian

Chief Economic Advisor on Wednesday asserted that the Macro-economic instruments should be put together and deployed along with the policy support, to bring back the Indian economy to its full potential.

By: | New Delhi | Updated: June 6, 2017 2:40 PM
Arvind Subramanian , GDP , healthy economic growth, Demonetisation, Remonetisation, GDP growth “The GDP is quite expected with what we said in the monetary survey, the demonetisation was a temporary shock, and the economy recovered with remonitisation,” Subramanian told reporters here.

Chief Economic Advisor on Wednesday asserted that the Macro-economic instruments should be put together and deployed along with the policy support, to bring back the Indian economy to its full potential. “The GDP is quite expected with what we said in the monetary survey, the demonetisation was a temporary shock, and the economy recovered with remonitisation,” Subramanian told reporters here. Calling the GDP growth of 7.1 percent, a healthy economic growth number, he added that the GDP growth for FY17 is a robust number, which is slightly higher than eco survey projection. Adding to this he said that with better monsoon projection this year, the numbers are expected to be better. Earlier, had alleged the rating agencies for not upgrading India “despite clear improvements in economic fundamentals”. He slammed ratings agencies to maintain “poor standards” and notwithstanding clear improvements in India’s economic fundamentals.

 

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