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Arvind Subramanian

Demonetisation threw up political, economic puzzles: Arvind Subramanian

Demonetisation threw up political, economic puzzles: Arvind Subra...

Mon, Dec 10, 2018

Subramanian, currently teaching at Harvard Kennedy School, and here for the launch of his book "Of Counsel: The Challenges of the Modi-Jaitley Economy", published by Penguin, referred to the chapter "The Two Puzzles of Demonetisation -- Political and Economic".

Who is Krishnamurthy Subramanian? Modi government's Chief Economic Adviser after Arvind Subramanian

Who is Krishnamurthy Subramanian? Modi government's Chief Ec...

Fri, Dec 07, 2018

The Centre has appointed Krishnamurthy Subramanian of Indian School of Business, Hyderabad as Chief Economic Adviser for three years.

CEA Arvind Subramanian: Not leaving because government is unhappy with me

CEA Arvind Subramanian: Not leaving because government is unhappy...

Thu, Jul 19, 2018

Outgoing chief economic advisor (CEA) Arvind Subramanian sees stigmatised capitalism as a big challenge for the Indian economy apart from agriculture and employment. Stigmatised capitalism has made it difficult for private sector to have a greater role in the economy.

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As Raghuram Rajan, Arvind Panagariya, Arvind Subramanian leave, a protectionist India returns

As Raghuram Rajan, Arvind Panagariya, Arvind Subramanian leave, a protectionist India returns

Fri, Jul 13, 2018

Narendra Modi's economic outlook is now a throwback to India`s inward-looking policies of earlier years, they said. And it appears similar to U.S. President Donald Trump`s agenda to support domestic industry, raise import tariffs and put restrictions on foreign companies, they said.

CEA Arvind Subramanian praises Raghuram Rajan for identifying NPA problem

CEA Arvind Subramanian praises Raghuram Rajan for identifying NPA problem

Wed, Jul 11, 2018

Outgoing CEA raised apprehensions about the handling of the rising non performing assets (NPAs) and indicated that a lot needed to be done, a member who was present in the meeting said on the condition of anonymity. Subramanian, the former economist at the International Monetary Fund (IMF) was forthcoming in his briefing to the panel and mentioned that the former RBI Governor was instrumental in identifying the problem, another member said. He also appreciated Rajan for his efforts in tackling the crisis, the member added.

How can India grow faster? CEA Arvind Subramanian has to say this

How can India grow faster? CEA Arvind Subramanian has to say this

Fri, Mar 30, 2018

Arvind Subramanian said policymakers need to re-evaluate whether more has to be done to deal with the NPAs of public sector banks, which have crossed the staggering level of Rs 8.5 lakh crore.

CEA Arvind Subramanian pitches for radical reforms in banking sector

CEA Arvind Subramanian pitches for radical reforms in banking sector

Fri, Mar 23, 2018

Pitching for radical reforms in the banking sector, Chief Economic Adviser (CEA) Arvind Subramanian today said that time has come for rethinking on the ownership of public sector banks (PSBs) in India.

India to get sovereign rating upgrade? Here is what FinMin wants Fitch to do

India to get sovereign rating upgrade? Here is what FinMin wants Fitch to do

Tue, Mar 06, 2018

The government will tomorrow pitch for a sovereign rating upgrade with global agency Fitch, highlighting reform push in taxation and PSU banks and its plans to gradually lower government debt.According to sources, representatives from Fitch are scheduled to meet Chief Economic Advisor Arvind Subr

Indian gold demand wanes as jewellers expect import tax cut in budget

Indian gold demand wanes as jewellers expect import tax cut in budget

Tue, Jan 30, 2018

Gold prices in India, the world`s second-biggest user of the precious metal, were at discounts as jewellers were postponing purchases on the expectation that the government will announce an import tax cut in its annual budget on Thursday.

India's external sector continues to be strong: Economic Survey

India's external sector continues to be strong: Economic Survey

Mon, Jan 29, 2018

India’s external sector continued to be resilient and strong in 2017-18, observed the Economic Survey 2017-18 tabled in Parliament today by Union Finance & Corporate Affairs Arun Jaitley. International Developments

Economic Survey calls for accountability to avoid low equilibrium trap

Economic Survey calls for accountability to avoid low equilibrium trap

Mon, Jan 29, 2018

The survey pointed out that low level of tax collections by the local governments in rural areas is posing challenge in reconciling fiscal federalism and accountability.

India needs $ 4.5 trillion by 2040 to develop Infra: Economic Survey

India needs $ 4.5 trillion by 2040 to develop Infra: Economic Survey

Mon, Jan 29, 2018

India will need about USD 4.5 trillion in the next 25 years for infrastructure development, of which it will be able to garner about USD 3.9 trillion, the Economic Survey said.

India's economic growth may rebound as demonetisation, GST impact fades

India's economic growth may rebound as demonetisation, GST impact fades

Thu, Nov 30, 2017

Finance Minister Arun Jaitley said that India has standardised itself for a 7-8 per cent growth rate on the back of improving macroeconomic fundamentals.

India sets up panel to draft new Income Tax Act

India sets up panel to draft new Income Tax Act

Thu, Nov 23, 2017

A task force for redrafting the Indian Income Tax Act, 1961, to bring it in tune with the current economic needs and realities, was set up by the government on Wednesday, an official statement said.

From GST to bank reforms, here's what Arvind Subramanian said about Indian economy

From GST to bank reforms, here's what Arvind Subramanian said about Indian economy

Tue, Nov 21, 2017

Talking on list of factors in regards to Indian economy, the CEA Arvind Subramanian laid out various measures which the government can adapt for the country's long term prosperity.

EAC or CEA: Know the difference between Bibek Debroy and Arvind Subramanian's role

EAC or CEA: Know the difference between Bibek Debroy and Arvind Subramanian's role

Tue, Sep 26, 2017

Key role of Economic Advisory Council is to analyse any issue, economic or otherwise, referred to it by the Prime Minister and advising him thereon.

Arvind Subramanian will continue as CEA for 1 more year: Arun Jaitley

Arvind Subramanian will continue as CEA for 1 more year: Arun Jaitley

Sat, Sep 23, 2017

The Finance Ministry tweeted quoting Jaitley saying that CEA Arvind Subramanian will continue for one more year after completion of his 3 year tenure.

Demonetisation cut cash in economy by 20%: Economic Survey-II

Demonetisation cut cash in economy by 20%: Economic Survey-II

Sat, Aug 12, 2017

Describing the impact of demonetisation on the Indian economy, Chief Economic Adviser (CEA) Arvind Subramanian said on Friday that there has been a 20 per cent reduction in cash in the economy.

Economic Survey Volume II key highlights: Economy relatively resilient to demonetisation

Economic Survey Volume II key highlights: Economy relatively resilient to demonetisation

Fri, Aug 11, 2017

The Survey, however, cautioned that farm loan waivers, non-cereal food inflation continue to reign anxiety on the Indian economy. It said that these concerns are weighing heavy on the economy and keeping it away from its potential. It said, "Farm loan waivers could reduce aggregate demand by as much as 0.7% of GDP, imparting a significant deflationary shock to an economy."

Niti Aayog vice-chief Arvind Panagariya's exit a bad signal for economy?

Niti Aayog vice-chief Arvind Panagariya's exit a bad signal for economy?

Sat, Aug 05, 2017

Narendra Modi must be realising by now that it is easier to demolish than to construct. He is unlikely to have spent sleepless nights before abolishing the Planning Commission. Instead, it was widely seen as a bold move in keeping with his personality.

India needs to open markets to grow at 8-10%: Arvind Subramanian

India needs to open markets to grow at 8-10%: Arvind Subramanian

Thu, Jun 08, 2017

Batting for India to have an open economy, Chief Economic Adviser Arvind Subramanian on Thursday said any reversal of the globalisation trend must be prevented in order to have a growth rate of 8-10 per cent.

Rating agencies undermine India's growth story: Arvind Subramanian

Rating agencies undermine India's growth story: Arvind Subramanian

Thu, May 11, 2017

Noting that the rating agencies have been "inconsistent" in their treatment of India and China, the CEA wondered why their analysts should be taken seriously at all, "given their track record of poor standards".

Serious action on US H1-B visa is a cause for worry for India: Arvind Subramanian

Serious action on US H1-B visa is a cause for worry for India: Arvind Subramanian

Tue, Apr 25, 2017

Chief Economic Advisor Arvind Subramanian said that 50-60% of all India's exports of services goes to the US.

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