-PTI * Subramanian had flagged the problem of debt accumulated by private corporates becoming NPA of banks back in December 2014 * At that time, he was CEA to the Narendra Modi government NEW DELHI: India is facing a "Great Slowdown" with its economy headed for intensive care unit primarily due to a "second wave" of the twin balance sheet crisis at banks, former Chief Economic Adviser Arvind Subramanian has said. Subramanian, who was...

-The Telegraph By all indications revival in 2020 is not possible The year 2019 has played out on a mixed note. Politically, the general election outcome upheld the popular choice of a majority government. Economically, conditions deteriorated rapidly through the year. In fact, an undercurrent of concern about the economic situation prevailed throughout 2019. This surfaced upfront immediately after the May election and reached a flashpoint by the middle of the...

-The Indian Express Former Chief Economic Advisor Arvind Subramanian expands on his twin-balance sheet analysis to explain how the Indian economy reached the current state of turmoil. To a lay observer, the collapse of India’s Economic Growth momentum is nothing short of befuddling. That’s because until just a few years ago – to be precise until March 2017 – the Indian economy was not only growing at a progressively rapid pace but...

-Livemint.com India’s manufacturing sector is moving out of costly and congested cities to rural areas in order to stay competitive. But poor infrastructure is hampering its growth The global economic downturn has raised concerns about the effectiveness of conventional economic policies, which were designed for stabilization, and not for reviving growth in developing countries. Rural distress, spatial disparities, the gender divide and climate change, all combined with the threat of low and...

-The Indian Express The 2019 Human Development Report points to the limits of Economic Growth in lifting all boats. It also offers a way forward. Grappling with Delhi’s poor air quality for these last couple of months, I have become aware of a stark difference in the way I cope with air pollution, and the way many others do not — because they cannot. Despite the growing evidence detailing the catastrophic impact...