India to see GDP growth of over 7 pc this decade due to economic reforms: Economic Adviser
India to see GDP growth of over 7 pc this decade due to economic reforms: Economic Adviser
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Delivering the Centenary Lecture on the occasion of the 100th Foundation Day of the Mumbai School of Economics & Public Policy on Sunday, Chief Economic Adviser (CEO) KV Subramanian said that India stands out singularly as the only country that has instituted path-breaking reforms over the last year and a half. “If we look at the countries and the various measures taken by them over the last year and a half, India stands out singularly as the one and only country that has instituted such path breaking reforms during this period,” the CEOI Said

Much like the 1991 reforms that created a huge momentum of growth for over three decades, the reforms over the last year and a half will also position India for a very high growth pace in the coming decades,’’ he noted.

Subramanian pointed out that the role played by JAM (Jandhan Aadhar Mobile) trinity in the administration of welfare programmes efficiently in the country and how MGNREGA programme has become a better vehicle for distressed employment. ‘’When we start growing at 7, 7.5 percent, let us not forget the pandemic years for the next two-three decades,” he stated Also, he pointed out how growth is far more important for the less privileged section and the smaller firms than the privileged.

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