07 May, 2021

'RBI Job Is A Call For Others To Make'

Chief economic advisor at the finance ministry, Arvind Subramanian talks about the health of the Indian Economy

Photograph by Narendra Bisht
'RBI Job Is A Call For Others To Make'
outlookindia.com
2016-05-20T22:48:39+05:30

Nineteen months after he took charge as the chief economic advisor at the finance ministry, Arvind Subramanian app­ears more comfortable at the job. It helps that the Indian economy appears to be looking up. Switching to English from a Tamil conversation with a colleague, Subramanian fielded questions from Lola Nayar on the health of the economy.

You were recently heard describing the current economic scenario of India as a “golden age”. Do you believe that the Indian economy is witnessing green shoots of recovery?

In the long run sense, this is a golden age, because while the world is looking a little bit gloomy, we have a lot of macro stability and our growth prospects are looking bright. There is so much dynamism in many parts of our economy. In terms of green shoots of recovery, there are lots of good signs that we see, especially since the monsoon is going to be better this year, the FDI inflow has been at a record high, sectors like automobile, steel and cement are picking up, coal...

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