Professor Krishnamurthy Subramanian released his first Economic Survey in which he has outlined an investment driven path to US$ 5tn economy by 2025. The reforms undertaken in the last 5 years along with new set of reforms outlined in the report will go a long way in achieving the ambitious target. Notably, the Survey also reiterates that fiscal prudence will drive real interest rates lower and thus lead to higher savings rate to achieve the virtuous cycle of...