#ModiYearOne: There is some growth but economy yet to take off, says Subir Gokarn

Subir Gokarn, director of research at the Indian arm of global think tank Brookings Institution and former deputy governor of RBI, says he is still not in a position to reconcile the dissonance between GDP and IIP data as the new numbers leave a question as to what stage of the business cycle the economy is operating in. In a chat with VCCircle, he points out that the key barrier to the Indian economy is infrastructure constraints. However, India is better placed among BRICS nations given that it is a commodity importer and there is hope that government will push ahead with its reforms agenda, he says.