(Express File Photo by Praveen Khanna) Chief Economic Advisor Arvind Subramanian said “there has been an across-the-board deceleration in real activity”. Forecasting “greater downside risks” to economic growth, the Survey, tabled in Parliament Friday, argues that the “scope for monetary policy easing is considerable” and could go up to 75 basis points. Speaking to reporters, Chief Economic Advisor Arvind Subramanian said “there has been an across-the-board deceleration in real activity”. Tepid credit growth and negative growth in the private investment in the last year are the other trouble spots for the economy. “We seem to have achieved a 20 per cent reduction in equilibrium cash holding in the economy,” Subramanian said.

Source: Indian Express August 11, 2017 15:53 UTC