Indian economy equipped to handle US Fed rate hike: Arvind Subramanian, Chief Economic Advisor

In an interview with ET Now, Arvind Subramanian, Chief Economic Advisor, shares his views on FM Jaitley's US visit, and how the Indian economy is well placed to deal with a Fed rate hike. Excerpts:

Arvind Subramanian: Absolutely, We have a good story to tell and he (Jaitley) is telling it; I think it should be received very positively overseas by investors.

ET Now: The Fed has kept its window open for hiking rates. When do you think that will happen and is India well equipped to handle a hike?

Arvind Subramanian: I answered that in the talk itself. I think we are in a much better position to handle that because our macroeconomic situation is very different and because I think that it is not going to be a shock like it was earlier. We will be an attractive place to invest in as long as India’s growth continues.

ET Now: You recently raised questions over the RBI’s monetary policy stand. You think that RBI was over- hawkish in the entire way that it...?

Arvind Subramanian: You should read my Indian Express article. I have nothing more to say.