Arvind Subramanian
The writer is former chief economic advisor to the government of India.
Articles By Arvind Subramanian
India’s GDP growth: New evidence for fresh beginnings
Methodological changes have led to overestimating GDP growth by 2.5 percentage points per year between 2011-12 and 2016-17. Actual growth is around 4.5 per cent.
Parting reflections of a CEA
The Office of the Chief Economic Adviser is a unique public institution — not just another cog, albeit technocratic, in the vast machinery of the government of the day.
GST, a buoyant force
Aggregate revenues have done well, despite headwinds, especially for less developed, consuming states
Economic Survey 2018 — Thrust areas: Economic convergence, gender inequality, climate change
The Survey strives to combine rigor with readability, a challenge that increases in the same proportion as attention spans shrink (from absorbing op-eds to scrolling down tweets).
Putting electricity in GST
It must be brought within the ambit of the new tax regime. This will reduce costs, eliminate cross-subsidisation and restore the neutrality of incentives which is essential to good tax policy.
Why agriculture matters: An irony
Excerpts from Arvind Subramanian's lecture delivered at the National Academy of Agricultural Sciences on June 5.
The best GST there can be
In the determination of the rate structure, the guiding principle should be: What will make for a GST that will facilitate compliance, minimise inflationary pressures, be a buoyant source of revenue, command support from the public?
GST and the litmus test of land
The Goods and Services Tax will be truly transformational when domains like real estate are brought in its ambit.
The transcendental economist
The stunning theoretical contributions of Kenneth Arrow, who died last week, both built and undermined all of politics and all of market economics
Rehab for the balance sheet
A centralised Public Sector Asset Rehabilitation Agency (PARA) could help over-leveraged corporates and bad-loan encumbered banks.
Surveying ideas for India
Economic reforms are not, or not just, about overcoming vested interests; they are increasingly about shared narratives on problems and solutions. Economic Survey builds on this idea.
The arhar solution to pollution
It will also promote indigenous research and science, incentivise pulses production, rationalise pricing.
The case for cautious optimism
The sharp increase in nominal growth is welcome: It signals improvement in underlying real economic activity, holds out hope for the health of the corporate and banking sectors.
Stitching up employment
Government’s measures to boost the apparel industry are timely as China’s declining competitiveness provides opportunity for India.
Clearing the air on LPG
Several questions have been raised about our estimates of the savings from the DBT scheme for cooking gas. But all parties accept that the programme reduced subsidised sales by 24 per cent.
Opinion: A Manhattan Project For Coal
Shunning coal is not viable for India. World needs to come together to make it cleaner.
At the rate of?: Measures of inflation make monetary policy a fraught issue
In these unusual times, measures of inflation make monetary policy a fraught issue.
Green road to Paris
At COP-21, India should highlight the domestic measures it has taken to fight climate change.