India Must Bring Down Inflation to Spur Growth, Subramanian Says

India must curb inflation and the budget deficit to revive economic growth from near a decade low, Chief Economic Adviser Arvind Subramanian said.

Clearing infrastructure bottlenecks and improving decision making by the bureaucracy also are key to boosting the pace of expansion 8 percent, Subramanian said in an interview podcast on the International Monetary Fund’s website yesterday. He was appointed India’s top economic adviser last week, a post lying vacant for a year after his predecessor Raghuram Rajan took charge of the central bank.