Interviewtimes 
As the second wave of the corona is getting lethal, discussions are underway on the country’s finances. While the country’s financial system is said to be in shambles, the government’s chief financial adviser, K.V. Subramanian’s response was received. In his view, the second wave of the corona is unlikely to have much of an impact on India’s financial system. Analysing the current corona situation, it is difficult to predict that the country’s economic growth rate will double (10 or more per cent) in the current financial year.
According to the Financial Survey 2020-21, which was released in January this year, the current fiscal year, which is expected to end in March 2022, is estimated to be 11 percent. While the future of the epidemic is uncertain, it is difficult to predict the current economic growth rate. In addition, the second wave of the corona is unlikely to have such a huge impact on the Indian financial system, Subramaniam said.
“Financial and monetary assistance is important for the financial system as we move forward,” the chief financial adviser said. Emphasizing the vaccine, he said, it would reduce the risk of another wave of coronary heart disease. Regarding inflation, Subramanian said it was expected to be within the expected limits and should not go above the prescribed limits. “Sub-monsoon rains are expected to produce record grains in the current financial year,” he said.
