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LATEST NEWS UPDATES | Unfair to Change Stand After Leaving Govt: NITI Aayog's Rajiv Kumar Criticises Arvind Subramanian

Unfair to Change Stand After Leaving Govt: NITI Aayog's Rajiv Kumar Criticises Arvind Subramanian

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published Published on Oct 15, 2020   modified Modified on Oct 16, 2020

-TheWire.in

Kumar was referring to an article written by the former CEA on the pitfalls of the government's Atmanirbhar Bharat initiative as it pertained to tariffs and exports.

New Delhi: NITI Aayog vice-chairman Rajiv Kumar on Wednesday criticised former chief economic adviser Arvind Subramanian for a recent article that pointed out flaws in the Narendra Modi government’s Atmanirbhar Bharat initiative.

Subramanian, in an opinion piece co-authored with Pennsylvania State University’s assistant professor of economics Shoumitro Chatterjee, pointed out the pitfalls of looking too inward and ignoring the potential of India’s export story.

“Is the inward turn strong? Is the underlying diagnosis-cum-prognosis correct? Will it work? Based on new research, our simple answers are, respectively: Yes; no; and not really,” said Subramanian and Chatterjee in an article.

In particular, both economists pointed a finger at New Delhi’s decision to increase tariffs and tilt the level-playing field decisively in favour of domestic manufacturing in some sectors: “Leaving aside the spate of China-related restrictions, tariffs have been increased substantially, trade agreements have been put on hold, and a spate of production subsidies are being offered.”

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TheWire.in, 15 October, 2020, https://thewire.in/economy/rajiv-kumar-arvind-subramanian-criticism


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