In this episode, Arvind Subramanian joins Suyash Rai to discuss the rise and fall of India's economic growth. The pandemic has been costly for the Indian economy, delaying India's journey to prosperity by at least two years. But even before the pandemic, India's economy wasn't necessarily in the best shape. The official GDP estimates show a sharp slowdown since 2017, and investments and exports--the major drivers of growth--have been sluggish through much of the decade preceding the pandemic. How can we assess India's economic growth? Which indicators and factors are the most useful? What are some of the challenges and opportunities that India faces today?
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EPISODE CONTRIBUTORS
Arvind Subramanian is the Former Chief Economic Advisor to the Government of India, having served between 2014 and 2018. He is currently a Senior Fellow at the Watson Institute for International and Public Affairs at Brown University. Previously, he served as Professor of Economics at Ashoka University and a Senior Fellow at the Peterson Institute for International Economics and Center for Global Development. He is a widely cited expert on the economics of India, China, and the changing balance of global economic power.
Suyash Rai is Deputy Director and a Fellow at Carnegie India. His research focuses on the political economy of economic reforms and the performance of public institutions in India.
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Additional Reading:
1. Understanding Economic Development: A Reading List by Arvind Subramanian
2. India's Turn: Understanding the Economic Transformation by Arvind Subramanian
3. Of Counsel: The Challenges of the Modi-Jaitley Economy by Arvind Subramanian
4. Budget 2021: The Ghosts of the Past, Present and Future by Suyash Rai
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