New Delhi: The central government is fighting the economic slowdown in the country on the one hand, while on the other side it is talking about making the country an economy of five trillion dollars. The opposition is also questioning it. The country's Chief Economic Advisor Krishnamurthy Subramanian has said that investment is going to play a very important role in making the country a five trillion dollar economy in the next five years.

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The CEA expressed concern over the steep decline in investment over the past decade. He was speaking at an event organized by the office of the erstwhile students of the Indian School of Business (ISB). Subramanian was asked how India would become a five trillion dollar economy in the next five years. On this, he said that this goal can be achieved by encouraging large-scale investment in the country. He said that he has identified three key areas to boost investment.

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These include land reforms (need for reforms in land acquisition laws), labour reforms (simplifying labour laws to encourage employment) and reforms in the power sector (the prices should be such that everyone gets electricity at affordable rates and this makes the whole country more To promote balanced development). The CEA reported that the investment stood at 40 per cent of GDP in 2008. But last year (2018) has fallen to 29 per cent. These are worrying figures for a fast-growing economy. The central government is constantly on target of opposition on the economy front.

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