NDA govt made good start on economy front: Indian economist
01/07/2014 16:11
A US-based Indian economist has said the new Indian government has made a good start on the economy front in the first 30 days even as it has a long way to go, reported PTI. "On balance, the government has made a good start with many, not all, positive steps taken (grades of A- or higher). Any assessment should take into account difficult circumstances, especially a disappointing monsoon that threatens to reduce agricultural output and fuel already high inflation," noted economist Arvind Subramanian said giving his score card of first 30 days of the Narendra Modi Government. Prime Minister Modi took power in mid-May with high expectations that it would strengthen India's fragile macro economy and faltering investment and growth, as per the media reports. "An assessment this early is a little unfair. Additional major policy announcements will be made in the budget on July 10. But to its credit, the government has not been idle or inactive," he noted.
01/07/2014 16:11
A US-based Indian economist has said the new Indian government has made a good start on the economy front in the first 30 days even as it has a long way to go, reported PTI. "On balance, the government has made a good start with many, not all, positive steps taken (grades of A- or higher). Any assessment should take into account difficult circumstances, especially a disappointing monsoon that threatens to reduce agricultural output and fuel already high inflation," noted economist Arvind Subramanian said giving his score card of first 30 days of the Narendra Modi Government. Prime Minister Modi took power in mid-May with high expectations that it would strengthen India's fragile macro economy and faltering investment and growth, as per the media reports. "An assessment this early is a little unfair. Additional major policy announcements will be made in the budget on July 10. But to its credit, the government has not been idle or inactive," he noted.
