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:The Prime Minister, Shri Narendra Modi interacting with the officers of the Prime Minister’s Office, on the occasion of first anniversary of his Government, in New Delhi on May 26, 2015. “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”.

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