India needs bold reforms for 7-8% growth: Swaminathan Aiyar.
2021 is likely to be a year of hope and economic recovery and India is likely to be relatively better on the macroeconomic front due to low fiscal stimulus given at about 2% of GDP. “With the low fiscal stimulus of about 2%, believe debt to GDP ratio will only be something like 80-82%, which is much lower and interest rates are lower, this will leave more fiscal space for the economy to expand in 2021,” said Swaminathan Aiyar.
