India should take swift action towards industrial policy: Subramaniam’s opinion, chief economic adviser

Published by: 23 February 2020 08:19 am

Updated: 23 February 2020 08:19 am

Published by: 23 Feb 2020 08:19 AM
Last updated: 23 Feb 2020 08:19 AM

Indian Economy

Mumbai

If India wants to achieve economic efficiency, it has to leave its employer’s policy decisions and move on to purely professional policy decisions. Chief economic adviser Krishnamurti Subramanian said.

Professional policy is the right economic practice. That, he said, would make $ 5 trillion dollars.

Yesterday IIT Kanpur met with alumni. One college student, one college alumnus. Subramanian says: “India has not yet come out of capitalist policy. Pro-business policy is essential for the country’s economic development. India should move on. Employee-centric policies are not the right profession. So in order to move towards development it needs to evolve the principles it contains. As such, companies should consider policies that encourage competition and promotion. Business principles make this possible. “

He commented on the criticism of the post-independence economy.

He also said, “We focus only on the contemporary approach to formulating economic policies. We ignore ancient times. This is not right The texts written centuries ago provide important insights. We must pay attention to them. When it comes to wealth creation, economics emphasizes many moral values. We want to have confidence in the market, “he said.

Talking about the India model of the legislature, he said in the budget: But it is not. India Phone of the Assembly is an additional project. This project will help achieve other goals. For the first time in the automotive industry in India, assembly work was undertaken. Shortly after, the production plants began to arrive. Develop intellectual property rights. By the year 2021, there will be a well-paid job of around Tk 4 crore through the Assembly in India. He said that by 2020 there will be eight crore jobs.

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