Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
Finance News

Arvind Subramanian Finds Indian Economy entering into Great Slowdown

"Look at electricity generation growth, it's falling off the bottom, and it's never been like this ever. So this is the sense in which I would say this is not just any slowdown, this is the great slowdown that India is experiencing and we should look at it with all seriousness and the economy seems headed for the intensive care unit," Arvind Subramanian said during a discussion on his draft working paper published in the Harvard University's Centre for International Development said.

author-image
SMEStreet Edit Desk
16 Dec 2019 04:00 IST

Follow Us

New Update
Arvind Subramanian, GST

Former Chief Economic Adviser Arvind Subramanian has said India the Indian economy is headed towards an "intensive care unit" and indicated that a "Great Slowdown" was imminent. The former chief economic adviser said the country was experiencing what he calls the "second wave" of Twin Balance Sheet (TBS) crisis, which will further lead to even bigger damage to the economy.

"Look at electricity generation growth, it's falling off the bottom, and it's never been like this ever. So this is the sense in which I would say this is not just any slowdown, this is the great slowdown that India is experiencing and we should look at it with all seriousness and the economy seems headed for the intensive care unit," Arvind Subramanian said during a discussion on his draft working paper published in the Harvard University's Centre for International Development said.

Subramanian has co-authored the paper with the former head of the International Monetary Fund's India office, Josh Felman. In this paper, Subramanian and Felman have termed India's current economic crisis in India as "TBS-2" crisis.

Arvind Subramanian indian Economy
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!