Page 2 - Arvind Subramanian

What does the NSS data imply for GDP estimates?

What can we learn from the latest survey? Before we answer this question, we need to recognise the limitations of comparing NSS figures with the ones from the NIA

Manmohan vs Modi: False debate on both sides

The Modi government needs to thank previous governments for midwifing the GST and highlighting its value, which helped overcome Modi's own reservations about the reform

India's climate goals: Navigating a complex dilemma

Its experience underscores that unanimous advocacy for carbon taxation can be misguided, as it ignores country-specific realities

Understanding GST revenue performance

Contrary to belief, GST underperformed the old tax regime in its initial years but has now begun to exceed expectations, six years after implementation

Is the economy surging or decelerating: Understanding India's growth rate

The nominal figures track the real numbers until the first half of FY23, but then decline by a whopping 14 percentage points over the past three quarters

India should quit the Brics

Arvind Subramanian is a senior fellow at the Peterson Institute for International Economics. Josh Felman is a principal at JH Consulting

Understanding Biden's Big Bet on India

America has drawn India into a one-sided quasi-alliance: it seems to have taken one, at most one-and-a-half, to tango. The strategic rationale, of course, is the need to counter-balance China

Djokovic the Unloved Greatest

Novak Djokovic could yet win the calendar Grand Slam this year, which would be the first since Rod Laver did so more than half a century ago

Ivan Menezes (1959-2023): A personal recollection of his journey

Over-successful men tend to inflict two types of collateral damage

India's welfare balm

While many analysts have estimated India's potential annual GDP growth at 7-8 per cent, the most recent figures indicate a subdued rate of 4.4 per cent

The age of verbiage

Without a modicum of self-restraint, the constant stream of hot takes might end up undermining the informed debate that undergirds all open societies

Global cooperation is not necessary to fight climate change

Efforts to strengthen multilateral cooperation on climate change are likely to be futile. But competitive technological progress, even if promoted by protectionist policies, could save the planet

The case for structural financial deglobalisation

Attempting to minimise the costs of their Faustian bargain, emerging-economy policymakers have pinned their hopes on international coordination of monetary policy

How is the Indian economy really doing?

All the heady optimism has overlooked the vulnerable state of the macro-economy. Caution, not complacency, is the more appropriate sentiment for now

Globalisation shocks that could help India

The long-term consequences of the shocks could be very serious for China

Five years of GST: The still good, but not-so-simple indirect tax

The GST is still paying the price for govts talking the talk of a good and simple tax on July 1, 2017, but not walking the walk thereafter

Anti-globalisation to green energy: 5 shifts that will shape world economy

Opportunities will arise as the era of hyperglobalisation and cheap finance fades into the past

GST: Cooler heads for constructive ends

To be sure, the cooperative spirit has gone missing since about 2018, reflecting the heavy-handedness of the Centre, not just on the GST but across a range of issues

The West has got its Russia sanctions wrong

The ramifications of this decision may not be visible today, but the damage will become apparent over time

Is Sri Lanka the next Argentina?

As Sri Lanka makes another crucial political transition, it faces a major risk of macroeconomic instability