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India will get back to high growth again, says CEA.
Sep 15, 2020

Despite the surge in coronavirus cases and the pandemic’s shock the economy, all is not that gloomy as many sectors are on a recovery path and the reforms undertaken will deliver a long-lasting growth impetus, according to Krishnamurthy Subramanian, chief economic adviser in the finance ministry. Subramanian says in an interview that there is a case for focusing on consumption, but cash hand-outs are not the answer as people tend to save defensively.
 
What we have to recognize is that the spread of the virus depends on network effects, the size of the population and population density. It is important to look at numbers on a per capita basis. On a per capita basis, our numbers are much lower because pandemic spreads through a network and the network effects are unlikely to be larger in a bigger population.
    

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