Indian Economy is witnessing great slowdown: Arvind Subramanian, Former CEA

India’s former Chief Economic Adviser (CEA) Arvind Subramanian stated that India is facing a "Great Slowdown". Primarily due to a "second wave" of the twin balance sheet crisis at banks, its economy is headed for the intensive care unit.

He add...

Indian economy was moving towards an "intensive care unit"

Former Chief Economic Adviser Arvind Subramanian said the Indian economy was moving towards an "intensive care unit" and there was an inevitable "huge slowdown." The former chief economic adviser said the country was undergoing what he called the Twin Balance Sheet (TBS) crisi...