BUILDING A RULE BASED ECONOMY

Sanjeev Sanyal spoke about the changes that have progressively moved Indian economy to being rule based. He shared how reforms like GST, insolvency and bankruptcy code are making a difference. He quoted data to indicate that the creation of an independent monetary policy committee to control inflation was highly effective. He also talked about the success of the government’s strategy in tackling bad loans. He asserted that implementing these tough measures will help the country in the long term

Sanjeev Sanyal

Principal Economic Advisor, Ministry of Finance, Government of India