Former CEA Krishnamurthy V Subramanian: India can reach 8-9% growth
Former Chief Economic Adviser Krishnamurthy V Subramanian believes India can reach 8%-9% economic growth if it tackles some big reforms, especially in courts, bureaucracy, and how land, labor, and capital are managed.
He says making business easier and cutting costs are key for the country to really take off.
Subramanian urges 30% private investment
Subramanian points out that private investment needs to jump from about 22%-23% of GDP to at least 30% for lasting high growth.
He is optimistic about short-term boosts like strong fundamentals and cheaper crude oil.
For long-term progress, he stresses better contracts and attracting solid foreign capital.
He also thinks open-source AI tools like Kimi AI could seriously improve healthcare, education, and governance.
On inflation risks (like weak monsoons), he suggests the Reserve Bank of India should focus on keeping expectations steady instead of reacting to every price spike, because real resilience starts with smart reforms.