"Kitne Acche Din?" Chief Economic Adviser Reviews One Year of Modi Government: Highlights

New Delhi:  Chief Economic Adviser Arvind Subramanian spoke exclusively with NDTV on Narendra Modi government’s one year in power.

Here are some of 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.


• Give me any advice, I am willing to consider, PM Modi told me.


• Fair amount of structural reforms in one year.


• Massive turnaround in macro-economic situation.


• Private investment still weak, needs to pick up.


• Public investment can never substitute private investment.


• If monsoon is poor, have enough food stock that we can release.


• 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.


• People judging us by outcome, not effort.


• 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.