Kaushik Basu favours targeted subsidies
February 25, 2011 | Duration: 22 min, 22 sec
In an exclusive interview with NDTV, India's chief economic adviser, Kaushik Basu says he is not against oil subsidies but against the prices being held constant. Basu favours targeted subsidies and allowing people to share some burden of oil price fluctuations. Basu lauds the current status of the Indian economy despite several challenges on the domestic and global fronts.