Chief Economic Advisor Kaushik Basu on Thursday met Prime Minister Manmohan Singh amid controversy over his remarks on slow pace of economic reforms in the country. Basu is believed to have given clarifications about his comments in Washington last week on the issue.

During a lecture at the Carnegie Endowment, the Chief Economic Advisor had said that major economic reforms in India would hit a roadblock and are unlikely to happen before the next Parliamentary elections in 2014.Post-2014, he had said, India would be one of the fastest growing economies of the world.

His remarks had created a political storm with Opposition parties attacking the government accusing it of policy paralysis. Basu, however, had clarified India would see some important reforms in the next six months, including on
subsidies, and partial diesel decontrol and FDI in retail.