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

Published On 23 Dec 2019 11:33 AM


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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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