Who is duvvuri subbarao

While the current macro-environment is putting pressure on RBI to scale down the size of the pandemic-led stimulus, the path to normalisation is expected to be very gradual and non-disruptive. Since , India has adopted the approach towards rate-setting that many advanced economies have — that of a Monetary Policy Committee. Dr Subbarao weighs in on how the Committee has performed over the last five years and what changes it could adopt to improve its functioning.

Over the last few years, the government has struggled to meet its own prescribed targets for fiscal deficits. But a lot depends on asset monetization. Former RBI Governor Duvvuri Subbarao, shares his views about fiscal deficits and how the government should go forward with its finances. They can erode consumption and hurt our long-term growth prospects. Addressing the 'Times Network India Economic Conclave' virtually, Subbarao further said the government's proposal to privatise some public sector units PSUs is not akin to selling family silver but it is a route for putting India on a sustainable growth path.

In an interview with ET Now, former RBI governor Duvvuri Subbarao, emphasised on the need for the government to loosen its purse strings and meet the RBI's fiscal policy with adequate fiscal measures, instead of leaving the central bank to do most of the heavy lifting.

The challenge for the government in the months and years ahead is clear: to put the economy back on a healthy growth trajectory and ensure that growth is inclusive, with lower income households too enjoying the benefits of rapid growth.

The central bank announced a series of liquidity easing measures as its response to the COVID-induced contraction in the economic activity since end of March this year.

To make its policy effective, the central bank kept liquidity in deficit. That has now turned to a surplus, estimated at Rs. YV Reddy says non-performing assets are not only a problem but a consequence of other problems. The bad loan problem is big and real, says Duvvuri Subbarao.

The continuance of real sector problems, partly policy-driven in the most recent period such as demonetization, has aggravated the banking situation, says Chakravarthy Rangarajan. Govt's Covid check wasn't enough when it was announced. Manmohan Singh. Subbarao took initiatives for the demystification of the Central Bank, including lucid presentation of terse macro-economic concepts in the RBI publications and grassroots level interaction with the masses through various financial inclusion, financial literacy and village outreach programmes.

Subbarao is generally credited as having safely stewarded Indian economy through the financial crisis. This field is for validation purposes and should be left unchanged. Keynote Speakers - Categories. Keynote Speakers - Topics. Contact us. My Shortlist. Keynote Speakers - Categories Find a speaker on current global trends. Keynote Speakers - Topics Find a speaker on a specific topic. Artificial Intelligence. Behavioural Economics. Big Data. Customer Experience. Cyber Security.

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