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The Indian government's policy focus hasn't been based on populism, or on boosting cyclical growth through fiscal and monetary stimuli, but rather on repairing the system and initiating structural reforms wherever possible, a rating agency said.  "The (Prime Minister Narendra) Modi government's fiscal policy, encouraged by low crude oil prices, has been quite prudent, and has aimed to improve the quality of spending through better targeting, and scaling up of infrastructure investment, while keeping a tab on overall deficit," Crisil said in a report.  "The  monetary policy , too, has focused on ushering in a low and stable inflation regime," it added.  India's Gross Domestic Product (GDP) is likely to grow at 7.9 per cent in 2016-17 compared with 7.6 per cent in fiscal 2015-16, provided the monsoon is normal and the global situation does not deteriorate from here, Crisil said.  "The swing factor this fiscal will be monsoon. There were three...

1. He holds an undergraduate degree from St. Stephens College, Delhi and an MBA from the Indian Institute of Management, Ahmadabad. 2. Taught at Harvard's Kennedy School of Government from 1999 to 2000 and at Johns Hopkins' School for Advanced International Studies from 2008 to 2010. 3. Served as Assistant Director in the Research Department of the International Monetary Fund. 4. He once said in an essay that “strong leaders, who will deliver good governance and reforms, like Gujarat chief minister Narendra Modi” were part of the reason to maintain faith in India’s economic possibilities. 5. He is a Dennis Weatherstone Senior Fellow at the Peterson Institute of International Economics and a Senior Fellow at the Centre for Global Development, US. 6. He criticized the Modi government's stand on the WTO deal and suggested that India should withdraw its opposition to the Trade Facilitation Agreement, reformulate its position on agriculture, proceed to pe...