‘No magic wand forjobs’
PARTING ADVICE Subramanian says due to less suitable global economic scene, reaching doubledigit growth will need more hard work
issue of the day, the outreach, the surveys, even the lows, the opportunity to be able to closely communicate with the finance minister, Prime Minister’s Office (PMO), Prime Minister. Every academic dreams of being in the world of policy making and this was incredible.
And frustrating?
One cannot expect everything you want to get done. Politicians have their own reasons for not doing things. And one has to understand that.
Arun Jaitley wrote an exceptionally warm blog to announce your departure. How was your experience with him?
It was an extraordinarily special relationship. The one thing about him is that he is very comfortable in his own skin. I had the liberty to say anything to him; I often went in to his room six times a day. He would allow you that space; he would listen; he was never defensive or edgy. It was based on shared trust and respect. He is a dream boss.
NEW DELHI:
There is speculation that Rashtriya Swayamsevak Sangh affiliates wanted you out.
We need to crack the twin balance sheet problem... lot of work needs to be done to overcome the problems emerging from stigmatised capitalism, and addressing the structural issues in the banking sector.
I have no clue where this is coming from. This was a completely personal decision. I have been in discussion with Mr Jaitley and the Prime Minister’s Office on this for a few months. There is no conspiracy theory here.
Indian economy’s biggest crisis remains jobs. What do we need to do?
There is no magic wand. We need to focus on growth, investment, and exports. The jobs will follow. We have a window for this before technology squeezes the space for it.