Highlights of Chief Econ Adviser Subramanian's comments in interview

​By a staff reporter : 

Following are the highlights of remarks made by Chief Economic Adviser Krishnamurthy Subramanian in an interview with Informist.

* Econ impact of 2nd wave may not be that large

* 2nd COVID wave didn't affect inter-state movement

* High-frequency indicators started trending up

* Seeing more compressed V-shaped econ recovery

* See FY22 GDP growth in the ballpark of 10-11%

* Apr-Jun capital spending around 1 trln rupees

* Want to frontload capital expenditure in FY22

* Confident of meeting FY22 fiscal deficit aim of 6.8%

* May improve on FY22 fiscal deficit aim of 6.8%

* Will meet divest target of 1.75 trln rupees in FY22

* LIC IPO plan progressing very well

* Credo of FY22 Budget is under promise, over deliver

* Things going pretty well on disinvestment

* See July CPI inflation below 6%

* Sequential momentum in CPI has fallen since May

* India close to threshold for herd immunity

* Expect bond yields to remain stable in FY22

* Don't anticipate additional borrowing in FY22

.Source : Eureka

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