Chief Economic Advisor Dr. Arvind Subramanian has said there are good signs that the country's economy is on a recovering path. However, the economy needs policy support to boost consumption through cheaper financing and public investment. Dr Subramanian was briefing media in New Delhi today.The Chief Economic Advisor expressed hope that the government will manage even if the country will have a weak monsoon this year as adequate stocks of food grains are available. He said inflation is under control and will remain under check even if there is monsoon deficit.Speaking about the Make in India campaign, Dr.Subramanian said, effective currency policy is important for the success of the initiative. He observed that exports are weak due to general slow down in the world economy and the monetary easing in many countries.
News On AIR | May 26, 2015 9:01 PM
Enough food stocks to keep prices under check: CEA Arvind Subramanian