New Delhi, Delhi, India

A day after Arun Jaitley tabled the Economic Survey in parliament ahead of the Union Budget, Chief economic advisor Arvind Subramanian spoke about various topics namely GST, oil prices and gender inequality.

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India's chief economic advisor said that there is a recovery in the economy of the country and hoped for further growth. However, growth depends on various other factors, he said.

Arvind Subramanian on Economy

- Recovery is underway in the economy.

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- We hope that growth will get a boost.

- Growth depends on many factors.

- Export can get a boost.

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- GST is no longer bearing the burden of note ban.

Arvind Subramanian on Petroleum Products

- Petroleum products need to be brought under GST.

- Oil prices are increasing steadily.

- Demand for bringing GST in prices increased due to rising prices.

- Oil prices will come down after coming into GST

- When petroleum comes into GST, the government's revenue will decrease.

Arvind Subramanian on GST

-Revenue growth from GST has been quite good.

- The picture will be clear in one or two quarters.

- Further changes in GST expected.

- Power, oil may be brought under GST.

- Will consider simplifying the GST rate structure.

Arvind Subramanian on Gender Issue

- Gender inequality is very high in society

- In the love of sons, people keep having daughters

- Because of this, 21 million unwanted daughters were born

- There is an environment of discrimination against girls in society

Arvind Subramanian on "Ease of Doing Business"

- There will be more work in many areas.

- The judicial system needs to improve.

- There are too many cases pending in the court today.

- It directly has an impact on the "ease of doing business".

- There are many cases of income tax pending in court.

Arvind Subramanian on private investment

- There are several reasons why private investment does not grow.

- Many private companies borrowed a lot.

- Government is taking several steps to improve it.

- Many cases of non-repayment of loans were sent to NCLT.

- The government also focused on the recap of banks.

Arvind Subramanian on Growth

- GDP growth is expected to be 7-7.5% in FY19.

- A lot depends on world growth.

- Crude prices upsetting equation.

Arvind Subramanian on Agriculture

- Our focus will be on the betterment of the agriculture sector.

- It is important to improve the condition of farmers.