India can reach 8% sustained growth: Ex-NITI Aayog vice-chairman Panagariya

'I fully support the capex push. I do not believe in sector specific interventions', said Panagariya

Apart from pressures on the current account and inflation, India is in a strong position and there are enough causes for optimism, Arvind Panagariya, former vice-chairman of NITI Aayog, told Arup Roychoudhury on the sidelines of the Kautilya Economic Conclave. Panagariya said the problem facing the economy was not unemployment but under-employment. Edited excerpts:

India has come out of two years of Covid-19 pandemic. Now we are in a situation where the war in Europe has caused a spike in the global commodity prices and disruption of global supply chains. How do you view the immediate future and what are