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Friday, December 27, 2019

India is not in normal economic trap of slowdown: Arvind Subramanian

By on Friday, December 27, 2019

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.