Page 3 - Arvind Subramanian

India's size illusion

India has struggled to generate adequate military resources

Is climate finance the next bubble?

Asset managers think that tens of trillions of dollars, mostly in the form of green finance, could be available for environmental, social, and governance (ESG) lending

India's kings and queens of chess

India is quickly becoming a legitimate global chess superpower, leading the United States and China on key metrics, and running neck and neck with Russia, the historically dominant chess power

The Year of the Renminbi?

China has been the world's largest trader since 2013, its economy is now larger than that of the US in purchasing power parity terms, and soon it will pull ahead in terms of market exchange rates, too

US should rewrite the China trade contract

The world has become too dependent on China to embrace restrictive trade actions against it

Post-Covid federalism: How Centre can build and keep trust with states

Automatic, counter-cyclical transfers from the Centre to states can build trust and prevent trust from being corroded

The GST is at a crossroads, it needs a political fix, not a legal one

Without doubt, negotiation on GST compensation will be contentious. Time for Centre and states to show true leadership and salvage it

China has blown its historic opportunity

The Covid-19 pandemic offered China an opportunity to cement this strategy of remaking the world economic order on its terms

Solidarity today, new social compact tomorrow

In the concluding part, the authors argue that to prevent India's social fabric from fraying, additional solidarity resources from the wealthy and secure to cushion the millions affected is imperative

Fiscal space: Not if but how

In the first part of a series, the authors argue the means must be found to avert potential economic and social collapse post-Covid

What COVID-19 means for international aid

Despite the clear balance of evidence, an overwhelming proportion of aid is devoted to country lending, with only a fraction allocated to financing GPGs

Understanding Budget policy

Its objectives are clear. But the reality in recent years has not cooperated with the government's plans

Could consumption really have fallen?

The leaked NSS consumption numbers have provoked a debate. While arguments by various sides are not really convincing there are some broad lessons

Is Sri Lanka the next Argentina?

Sri Lanka suffers from cleavages along many different lines, notably ideology, ethnicity, language, and religion

The battle of the fading hegemons

The outcome of the China-US struggle is far from inevitable, because the powers of both the aspirant and the incumbent are eroding

Arun Jaitley: A personal tribute

The former finance minister's departure marks the end of an era, the age of moderation in civic life

Losing steam: The coming China shock

Its internal debts are mounting to unsustainable heights, and domestic investment levels have passed the point of diminishing returns

Quasi-universal basic rural income: The way forward

The authors propose an alternative to build a new rural India where a basic income, regardless of agricultural vagaries, will be guaranteed

Arvind Subramanian: Universal Basic Income in action

Adapting Rythu Bandhu to be the future of social and agricultural policies

Arvind Subramanian: Guarded optimism beats gloom

If we focus on the longue duree, there is promise for the developing world