Past 4 years the ‘best years’ of Indian economy: Economist Surjit Bhalla

He, however, expressed concerns over bad loans, and held RBI partly responsible for continuing with high interest rates.

The economist Surjit Bhalla, who is also an Economic Advisory Council member to the Prime Minister (EAC-PM), has hailed the four years of Union government as the ‘best years’ of the Indian economy.
 
In an interview to PTI on Tuesday, he said, “If you look at any macro-parameter, then these (Modi government’s four years) are the best four years of the Indian economy...so without a doubt, the macro performance is better, that is not to say everything is working or everything is fine,” .
 
He, however, expressed concerns over bad loans, and held RBI partly responsible for continuing with high interest rates.
 
Speaking about farmers, Bhalla said the government should consider income transfer instead of higher minimum support price (MSP) and loan waivers.
 
“We should remove the ban on exports and imports on agricultural goods and we should move towards income transfer for farmers, like it is in Telangana, rather than doing it through MSP,” he was quoted as saying by PTI.
 
He was of the view that the rupee fall has not been beneficial for the Indian exports.
 
The government, last month, appointed Bhalla as the head of a high-level advisory group on trade, which will give suggestions to boost India’s share and importance in global merchandise and services trade in the challenging world scenario.
 
Source: Businessline, PTI, media reports

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