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 added that India is facing a "Four Balance Sheet" challenge. It comprises of banks, real estate companies, infrastructure, and plus NBFCs. It i....
Tags : Indian Economy, Arvind Subramanian, Slowdown economy, Global Financial Crisis,
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