Here are the highlights from his discussion:
- I see Make in India as a long-term strategy to make the Indian economy competitive.
- There’s been a big institutional change via economic federalism, states are more empowered.
- Don’t want to say everything is perfect, but more can be done now than 15-18 months ago.
- Growth hasn’t picked up as much as people expected, or expected as a result of action.
- 3 levers to help farmers’ income: MNREGA, crop insurance, minimum support price.
- All the things coming back to bite us are legacy issues…but we are moving forward.
- We want to prescribe policies that take into account reasonable political restraints.
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