Manufacturing sector was crucial toUttar Pradesh‘s dream of becoming a one trillion dollar economy, said former chief economic advisor and officiating director of the , Krishnamurthy Subramaniam, who presented his assessment of the state’s goal.
Boost to the manufacturing sector is the common element across all case scenarios that promise to achieve the one trillion-dollar economy dream,” said Subramaniam who is also working as faculty at the Indian School of Business. Therefore, he noted, there was a need to simplify the process of executing and implementing start-ups in the state.
Krishnamurthy said that UP may face what is called ‘intertemporal budget constraint’ in its journey towards the one trillion-dollar economy. In a dynamic economy, a decision-maker is often expected to make choices for both the present and future.