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Michael Reddell: Former Reserve Bank economist says Labour's newly-announced economic policy lacks specifics and understanding

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An economic commentator says Labour's economic policy is big on aspiration, but lacks specifics and understanding.

Their five-point election plan to grow the economy includes the PM heading to India in the first 100 days to foster relations.

It would also invest $100 million in agri-tech and boosting tourism.

Former Reserve Bank economist Michael Reddell says it doesn't deal with the big issues we're facing.

"The word inflation appears once, never about bringing inflation down. The fiscal plan just says- we'll run a surplus sometime in the future."

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