According to the former CEO Krishnamurthy Subramanian, the 2000 notes are not in use in the everyday life of the common people and its cash in circulation is only 10 per cent.
Watch Dr. Krishnamurthy Subramanian, India's former Chief Economic Advisor & Executive Director at the IMF, talk about the state of Indian economy, RBI, nuances...
In an interview with ThePrint, Chief Economic Adviser V. Subramanian talks on reforms of the Modi govt, their impact on economic recovery & what latest sero survey results mean for India.
Fiscal support should continue till 2023 when India may return to pre-Covid growth levels, said Krishnamurthy Subramanian, adding that the 2-6% inflation band has served India well.
In the absence of a vaccine, the economic recovery will have to wait until next year, although that too is likely to be V-shaped, CEA Krishnamurthy Subramanian said.
In April, Modi govt had estimated that India may grow by 1.5-2%. But that was based on assumption of V-shaped recovery in second half of the year, says CEA Krishnamurthy Subramanian.
MoSPI proposes to remove closed factories from IIP sample, aiming for truer picture of India’s industrial health in upcoming 2022–23 base series. Plan open to public feedback until 25 November.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
KS as sources reveal was not a person to push purchase of his book. No way he would get down to such low levels. True there could be deep differences on pushing Indian narrative regarding loans to specified entities. He would stick to integrity.
KS as sources reveal was not a person to push purchase of his book. No way he would get down to such low levels. True there could be deep differences on pushing Indian narrative regarding loans to specified entities. He would stick to integrity.