The economist said that given that spending on infrastructure is capital-intensive, it may not lead to the creation of jobs. “If you really wanted to create jobs, you would spend money on health and education,” he added.
India needs to tap the home-market demand to boost its medium-term growth back to above 8 percent, the former member of the Economic Advisory Council to the Prime Minister said.
Economic development is not a Kumbh Mela, it's an ongoing process, says Roy
While Ashima Goyal continues to be one of the part-time members, Sajjid Chenoy has been roped in as the new member.
In a pre-Budget discussion on CNBC-TV18, Sajjid Chinoy, Asia Economist at JPMorgan, A Prasanna, Economist at ICICI Securities and Rathin Roy, Director and CEO, NIPFP listed their views on how the policy framework should be this year.
The government panel set up to review the working of FRBM Act has sought views of the Reserve Bank on the fiscal consolidation path and will submit its report next month.
There needs to be recognition that Index of Industrial Production numbers are talking about how a real economy is behaving. They are not an indication of inflationary expectations, says Rathin Roy, Director of National Institute of Public Finance and Policy.
Jindal School of Government and Public Policy (JSGP) launched a new B.A. Honours in Economics programme amidst a galaxy of academicians, ...
The other members of the search-cum-selection committee are Financial Services Secretary Anjuly Chib Duggal, SBI Chairperson Arundhati Bhattacharya, NIPFP Director Rathin Roy and economist Rajiv Kumar.
The Budget speech is likely to highlight the govt‘s decision to give states a higher share of taxes to reset centre state relations. The govt says the move will help provide an economic lift to states, economists believe the centre will find itself constrained to spend big money to pump prime the economy. Sapna Das spoke with NIPFP Director.
In an interview to CNBC-TV18, Roy said the Centre needs to rationalise state plan assistance and subsidies sharply in the Budget, besides it also has to mop up revenues by a sharply accelerated disinvestment
The Commission, it said, will make its recommendations within 18 months of the date of its constitution.