Page 3 - Arvind Subramanian

Puzzled why stock market is buoyant amidst slowdown: Arvind Subramanian

"I hope the first behavioural economics project for the Centre is going to be to explain to me why as the economy has been going down, the stock market has been going up""

Rising stocks amid economic slowdown leave former CEA Subramanian surprised

Equity benchmarks advanced to fresh lifetime highs for the third session on the trot on Thursday, spurred by buying in energy, IT and auto counters amid persistent foreign fund inflows

It's India's 'Great Slowdown', economy headed to ICU: Ex-CEA Subramanian

India's GDP growth in the July-September quarter slowed to a six-year low of 4.5 per cent. This was the sixth consecutive quarter when the growth rate had fallen.

GDP measurement and the slowdown

Although there are some structural issues, the economy is slowing largely due to cyclical factors

Former CEA Arvind Subramanian defends stance on GDP overestimation

The former CEA said that India had sustained high growth rate after 2011

CEA rebuts Arvind Subramanian, says hard for govt to create wrong narrative

Former CEA Arvind Subramanian in his research paper last month mentioned that India's growth rate between 2011-12 and 2016-17 was overestimated

Imported horsemen: In Acharya, last one also departs; is India the loser?

Amid several macroeconomic challenges today, the government might have benefited from 'Harvard' economists' advice, but, judging by past record, it might not have paid them much heed, writes T N Ninan

Viral Acharya's RBI exit marks end of an unsuccessful UPA-era experiment

The import of academics without any government experience at top Indian institutions was based on the belief that a mere knowledge of academic economics would be enough to serve in government

'Blind trust in private agency': EAC-PM rejects Subramanian's GDP claims

In a research paper, Subramanian, who stepped down last year, said India's economic growth rate had been overestimated by around 2.5 percentage points between 2011-12 and 2016-17

A reality check

Ex-CEA makes a strong case for re-examining growth numbers

PM's economic council to issue 'point to point' rebuttal to ex-CEA's claims

The Economic Advisory Council-PM (EAC-PM) also asserted that any attempt to sensationalise what should be a proper academic debate about GDP numbers is "not desirable"

NYAY, PM KISAN problematic, target narrow group: Arvind Subramanian

The former CEA said he is strongly for quasi-universal schemes that 'exclude out' a few rather than 'target in' many, as despite progress, the experience with the latter has been poor

RBI reserve should be used to fix financial system: Arvind Subramanian

The economic principles, moreover, say savings should not be used for current consumption, but for long-term investment, said Subramanian

The challenge of counsel

The book bears the former CEA's distinctive writing style - conversational, long sentences - with which we are familiar from his eminently readable Economic Surveys

New GDP back-series data hurts credibility: Ex-CEA Arvind Subramanian

Budgeted targets for GST unfair, says Ex-CEA

Time ripe for asset quality review of NBFCs, says Arvind Subramanian

An AQR for NBFCs, including HFCs, is necessary given the uncertainty over NPAs, says the former chief economic adviser

Allow private participation in PSBs to resolve NPA crisis: Subramanian

In return, the RBI would deploy its surplus capital to augment the resources for recapitalising PSBs and capitalising any new holding companies, Subramanian added

'Of Counsel': Arvind Subramanian on how RBI missed 'Draghi moment'

By not reacting faster to the 'twin balance sheet' crisis the RBI missed the opportunity to emulate the governor of the ECB's 'demarche of determination' in dealing with the European debt crisis

RBI's excess capital can be used to recapitalise banks: Arvind Subramanian

Subramanian adds that RBI is an outlier among major central banks, holding about 28% in capital

Demonetisation a draconian, monetary shock, says Arvind Subramanian

Says Reserve Bank holding excess capital to the tune of Rs 4.5-7 trillion which could be used to recapitalise public sector banks; sides with it on PCA