Sanjeev Sanyal, Member, PMEAC, says “generally speaking, the economy is in good nick. The game really is not whether the numbers are good now and whether or not we can compound it over 25 years if we want to be a developed country. The real issue is not whether we are generating good numbers now. … Read more
“I do not think our savings are going down; that is probably harsh. We have a fairly robust savings rate and it is a percentage of a growing economy. In that sense, it is growing but yes, we need even more capital, given that we are now the world’s fastest growing major economy,” says Sanjeev … Read more
India has emerged clearly much stronger after the COVID-19 pandemic and it was acknowledged by the world, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal said on Friday. Addressing an event organised by the industry body Confederation of Indian Industry, Sanyal said India is the fastest-growing major economy and its economic growth … Read more
Defending privatisation policy, Principal Economic Adviser Sanjeev Sanyal on Saturday said most of the public sector undertakings (PSUs) that the government intends to sell were actually created by the private sector. Stressing that this government is unapologetic about privatisation, he said “you (Opposition) made the point that this (PSUs) has been built through the blood … Read more
The Centre’s three farm laws were aimed at making India’s farm sector flexible to deal with uncertain future events such as climate change and changing consumer behaviour, according to Sanjeev Sanyal, principal economic adviser at the finance ministry. The farmer protests are unlikely to dent the economy or have any impact on the national gross … Read more
Principal Economic Adviser Sanjeev Sanyal on Wednesday said the government recognises the need for further stimulus at an appropriate time to perk up demand in the economy, hit by COVID-19. Addressing the 115th AGM of PHD Chamber of Commerce and Industry, he said there was space on the monetary and fiscal side to implement further … Read more
By Mythili Bhusnurmath Whichever way you look at it, GDP data for the first quarter (April-June 2020) of the current fiscal is unambiguously bad. Barring agriculture, which grew 3.4%, every other sector contracted. Construction halved, trade was almost as bad at –47%, manufacturing declined 39.3% and, in the unkindest cut of all, public administration (a … Read more