'In the long run, I don't foresee major ramifications [about Trudeau's allegations].' 'There's just enough hypocrisy among Western nations for India to douse the outrage.'
'Revision of the base year for both CPI and GDP are long overdue.' 'The basic data that went into the 2011-2012 series were mainly from surveys done in 2011 or earlier.' 'We have since seen the emergence of new sectors like platform-based work and online marketing.' 'The employment surveys and the consumption surveys need to reflect these adequately.'
Subramanian Swamy has been critical of Rajan for not lowering interest rates earlier to boost growth.
Subramanian Swamy now wants Arvind Subramanian sacked.
Chief Economic Advisor (CEA) K V Subramanian will be leaving the finance ministry and returning to academia on completion of his three-year term. The government had appointed Subramanian, an ISB Hyderabad professor, as the CEA in December 2018. He had succeeded Arvind Subramanian, who quit the position close to a year ahead of his extended tenure. Subramanian's three-year term would have come up for renewal in December but he decided to return to academia.
The Tamil Nadu government will constitute an 'economic advisory council' to the chief minister comprising Nobel laureates, former Reserve Bank of India governor and other economic experts from around the globe to advise the state on how to reverse the economic slowdown.
Economist Arvind Subramanian's new book, Eclipse: Living in the Shadow of China's Economic Dominance, defies the mainstream consensus of thinkers like Harvard's Joseph S Nye, Jr (author of The Future of Power) and Niall Ferguson that America's dominance is omnipotent vis-a-vis China.
Former CEA Arvind Subramanian called for research in the area and urged the NSE Centre for Behavioural Science in Finance, Economics and Marketing to explain why as the economy has been going down, the stock market has been going up.
Today, with growth having slowed and macro-economic challenges in every direction, would the government have benefited from the advice of 'Harvard' economists? asks T N Ninan.
'The economy may not improve unless you admit there are some problems.'
A PhD from Chicago-Booth and a top-ranking IIT-IIM alumnus, Krishnamurthy Subramanian is one of the world's leading experts in banking, corporate governance and economic policy
The Economic Survey released before next year's Budget could become a single volume, reverting to the practice followed till FY14. "There is so much to write about the Indian economy's performance in the past year. "Most of the exciting themes will be covered in what used to be considered Part II," said a senior government official who is part of the preparations for the Survey.
Since 2012, 44 Indians have been anointed as grandmasters -- the highest achievement in chess, points out Arvind Subramanian, economist and former chief economic adviser to the government.
'It is far too early to celebrate the numbers.' 'They are still fairly weak compared to the pre-pandemic level.'
"It's a welcome development, but we also feel it was long overdue... It's a recognition of the actions that the government has undertaken like GST, bankruptcy. We also need to keep all these things in perspective," Chief Economic Adviser Arvind Subramanian said.
'India's output contraction in the previous year was among the worst in the world!'
It's hard to say because of the winner-take-all nature of new platform and network businesses, but Reliance has not been an efficient user of capital, and Adani numbers are varied, observes T N Ninan.
The government must, therefore, legislate to automatically allow non-irrigated agricultural land to be used for industrial purposes, subject only to obtaining environmental clearances.
The ongoing economic travails in India arise from a combination of severe macroeconomic difficulties and a sharp deceleration in the trend rate of economic growth.
The rupee fell 1.87 percent against the dollar this week, its biggest fall since late April.
The government last year introduced the Insolvency and Bankruptcy Code.
India must mount nothing short of a war effort to address what is becoming a binding constraint on India's development.
The ones who came more recently were clutching the green cards that gave them an escape hatch through which to return to green pastures: Arvind Panagariya, Raghuram Rajan, Arvind Subramanian and other perfectly honourable gentlemen like them, points out T N Ninan.
New estimates of India's gross domestic product (GDP) are "puzzling", Arvind Subramanian, chief economic adviser at the finance ministry, said on Friday.
The government has kicked off a new employment survey to create closer-to-real-time credible information, the first tranche of which is expected to be revealed in December next year.
India has a high and rising current account deficit rather than a surplus; fiscal deficits far exceed anything close to prudent; and the inflation numbers have exposed India as an embarrassing outlier among emerging market countries.
Taming inflation may prove difficult because the social consensus in favour of moderate inflation appears to have eroded
The Budget is disappointing because it refuses to fundamentally repudiate fiscal populism.
An upward climb of the rupee has been maintained since Dr Raghuram Rajan's appointment, helped by his policy announcements and actions. But was this the whole story?
Gold purchases have risen after the Reserve Bank of India (RBI) and the government lifted the restrictions imposed on imports in 2013.
The challenge for India will be to ensure the law does not get out of step with the demands of a country that needs foreign investment and new technologies.
Swiss data secrecy suggests a sinister explanation for India's gold fetish.
The drug Glivec was a genuinely new and important discovery deserving of patent protection.
'The concern that the bad bank may create a moral hazard for the system is extremely valid.'
The university in Haryana's Sonipat became the centre of a controversy earlier this week, when Mehta, who had resigned as its vice chancellor two years back, chose to step down as professor, saying that the founders made it "abundantly clear" that his association with the institution was a "political liability".
Earlier, maverick right-winger Subramanian Swamy had demanded the sacking of Jaitley's top aide
The panel may include or seek inputs from former RBI Governor Urjit Patel, former chief economic advisor Arvind Subramanian, Sajjid Chinoy of the PM-EAC, Rathin Roy, among others.
Fiscal outlook to be little bit challenging next year: CEA
'Instead of doing reforms and restructuring, the present government is busy with the perception that everything is fine and the economy is hunky-dory.' 'Such hollow perceptions are very dangerous for the Indian economy in the long run.' 'The real risk to India is the lack of decent employment opportunities for youth in general and educated youth in particular.'
On an important governance measure, there is a Nitish Kumar effect, a Naveen Patnaik effect, but no Modi effect.
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