India is not in normal economic trap of slowdown: Arvind Subramanian
The former chief advisor, Arvind Subramaniam, to the Modi
government during the first tenure has given a premonition for the Indian
economy.
He has said that India is not in normal trap of economic
slowdown, but the situation is endangering very much. The main economic
indicators’ growth rate either is negative or has nominal growth.
He was to say, “There is slowdown on every front from the
investment to import-export. This slashed the people’s per capita income and
the revenue of gaining to government too.”
Arvind Subramaniam is well-known economist in the world. He had
been three years chief economic advisor for the first term of Modi government.
