On the occasion of Modi government completing one year Dr. Arvind Subramanian, Chief Economic Adviser presented a slide show while assessing the progress made so far. Dr Subramanian highlighted significant reduction in corruption level as reflected in transparent auction of coal blaocks and spectrum.
Dr Subramaniam referrred to many measures taken by the Modi Govt including financial inclusion programme, liberalizing FDI in defence and railways etc in his presentation while concluding that there have been substantial measures taken to rejuvenate the economy. However, he said: “post war history suggests structural reforms take time to influence growth. Policy support is crucial over short run especially consumption, public investment and private investment”.