Here for a Year

Business Today - - PEOPLE BUSINESS -

Amid spec­u­la­tion that the NDA gov­ern­ment would have to find a re­place­ment for Arvind Subra­ma­nian as chief eco­nomic ad­vi­sor, he has been granted a oneyear ex­ten­sion that will end in October 2018. The ex­ten­sion of his term comes at a time when the gov­ern­ment is plan­ning to boost the econ­omy with a stim­u­lus pack­age. Eco­nomic growth de­clined to 5.7 per cent in the first quar­ter of 2017/18 rais­ing con­cerns over the fu­ture course of the econ­omy. In In­dia, stim­u­lus pack­ages have his­tor­i­cally come up short in achiev­ing their de­sired goals. Subra­ma­nian, a Se­nior Fel­low at the Peter­son In­sti­tute for In­ter­na­tional Eco­nomics, has to en­sure that the ef­forts are not in vain this time.

ARVIND SUBRA­MA­NIAN Chief Eco­nomic Ad­vi­sor

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