Aligarh: Chief Economic Advisor Arvind Subramanian on Thursday pitched for increased induction of "outside talent" into the higher echelons of power in the government.
Delivering a lecture on the topic 'Indian Economy: Key Issues and Challenges' at the Aligarh Muslim University on Thursday, Subramanian said that government machinery tends to become insular if there is no free flow of fresh ideas beyond the ambit of existing hierarchies.
Asked whether he had any serious differences with Finance Minister Arun Jaitley on vital issues, including demonetisation, the CEA deftly parried the question. "Let there be some issues which I can narrate in my memoirs after my assignment is over."
Subramanian also said that the issue of growing "economic disparity between the haves and the have-nots" cannot be brushed aside.
This growing chasm is because of the steep rise in the incomes of a very miniscule segment of the population, he said.
Sounding a note of caution, Subramanian said, "If the gap between the rich and the poor is not narrowed down, the consequences for society could be adverse."
Asked about the economic consequences of waiver of farmers' loans, Subramanian sidestepped the question saying "We need some time to evaluate the economic consequences of such a measure."
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