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Arvind Subramanian
The writer is former chief economic advisor to the government of India.
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More From Arvind Subramanian
To help India’s economy, unleash the power sectorSubscriber Only
August 27,2025 06:42:21 AM
Consider how much the sector is holding India back today and in the future. We present three facts based on our new research.
Wed, Aug 27, 2025
Why Modinomics has failed to attract foreign investmentSubscriber Only
July 03,2024 07:10:06 AM
It understands return, but is cavalier about risk. That is why private investment has been so weak
Sun, Jul 07, 2024
Verdict 2024 economy puzzle: If growth has been dynamic, why have voters punished government?Subscriber Only
June 08,2024 07:32:25 AM
There are only two ways to reconcile the economy and the voting results. The overall pie has not grown sufficiently rapidly and it has been shared unequally, but in a different manner than believed
Sat, Jun 08, 2024
Arvind Subramanian writes: Centre, Tamil Nadu government must join hands to reap the wealth in the wind off TN coastSubscriber Only
March 23,2023 07:41:31 AM
There is a win-win-win opportunity for Tamil Nadu economy, Sri Lanka’s energy needs, India’s green and foreign policy ambitions
Thu, Mar 23, 2023
India’s fiscal dilemmaSubscriber Only
February 13,2023 07:07:30 AM
The government's consolidation strategy relies heavily on centralisation, which has both limits and limitations
Mon, Feb 13, 2023
The woes of power: A moderate approach to the discom sector might be the answerSubscriber Only
August 18,2022 04:00:30 AM
Abhishek Anand, Navneeraj Sharma and Arvind Subramanian write: Political economy of discom operations and intensifying populism on freebie-ism at the level of state governments will make reforms harder. A more rational, measured approach should be considered
Thu, Aug 18, 2022
Power, a reality checkSubscriber Only
August 17,2022 03:45:48 AM
Failing to fully integrate discom operations in the analysis of state government finances obscures the true picture of loss.
Thu, Aug 18, 2022
On inflation, how the RBI failed, why it mattersSubscriber Only
June 14,2022 19:15:01 PM
Arvind Subramanian, Josh Felman write: Central bank has been behind the inflation curve, its mistake was never corrected or even challenged. It's a failure of the institution and its guardrails.
Wed, Jun 15, 2022
What the latest NFHS data says about the New WelfarismSubscriber Only
December 03,2021 03:01:07 AM
🔴 Abhishek Anand, Arvind Subramanian write: On the key child stunting metric, it suggests not a catch-up, but a great switch between some of the BIMARU states and the mid-peninsular/western states
Sat, Dec 04, 2021
There’s an urgent need to clean up the World Bank and IMFSubscriber Only
October 09,2021 04:00:57 AM
Devesh Kapur, Arvind Subramanian write: Global political leaders convening next week must open up selection of heads of these institutions to the best candidates, regardless of nationality.
Sun, Oct 10, 2021
There finally seems to be a path forward for GST. Centre and states must strike bargainSubscriber Only
September 16,2021 03:00:27 AM
Arvind Subramanian, Josh Felman write: States should give up their demand for an extension of GST compensation mechanism, while the Centre should offer resources during an economic downturn.
Fri, Sep 17, 2021
Why we need to count the Covid deadSubscriber Only
July 20,2021 03:20:26 AM
Abhishek Anand, Justin Sandefur, Arvind Subramanian write: Confronting the scale of the tragedy will help India draw lessons and etch them deep into the nation’s collective consciousness to foster a ‘never again’ resolve
Tue, Jul 20, 2021
How to bend the third waveSubscriber Only
June 07,2021 03:10:09 AM
Decision-making on vaccines should be imbued by a spirit of cooperative federalism rather than partisanship and guided by scientists rather than thrust upon judges through political abdication.
Mon, Jun 07, 2021
A post-Covid fiscal framework for IndiaSubscriber Only
April 07,2021 04:55:11 AM
Government should plan to gradually improve its primary balance. This would protect against the risk of the growth-interest differential turning unfavourable.
Wed, Apr 07, 2021
Govt should next focus on well-being of the child from womb to first five yearsSubscriber Only
January 06,2021 04:16:48 AM
India continues to be successful in preventing child deaths, but the health and nutrition of the surviving, living child has deteriorated, somewhat worryingly.
Wed, Jan 06, 2021
New Welfarism of Modi govt represents distinctive approach to redistribution and inclusionSubscriber Only
December 22,2020 03:00:06 AM
Traditional redistribution, which aims to deliver on intangibles like health and education, has ceded to a distinctive ‘New Welfarism’, where Centre is demonstrably providing tangible essentials to citizens
Tue, Dec 22, 2020
Permitting industrial houses to own banks could undermine economic growth and democracySubscriber Only
November 27,2020 03:02:45 AM
Indian capitalism has long been stigmatised because of the murky two-way relationship between the state and industrial capital. If the line between industrial and financial capital is erased, this stigma will only become worse.
Fri, Nov 27, 2020
To embrace atmanirbharta is to choose to condemn Indian economy to mediocritySubscriber Only
October 15,2020 04:10:57 AM
India does not have the luxury of abandoning export orientation, the alternatives are limited. Resisting the misleading allure of the domestic market, India should zealously boost export performance and deploy all means to achieve that.
Thu, Oct 15, 2020
India’s export opportunities could be significant even in a post-COVID worldSubscriber Only
October 14,2020 00:30:32 AM
Arvind Subramanian, Shoumitro Chatterjee write: Our growth model has been export-led and should not be abandoned. Export opportunities in general and in specific sectors could be significant even in a post-COVID world.
Wed, Oct 14, 2020
If GST and IBC could be rehabilitated, it would help the economy. And also be a fitting tribute to JaitleySubscriber Only
August 24,2020 04:04:20 AM
India has faced more challenges than anyone imagined to its health, institutions, federal relations, and national security; and, as a result, we have missed Jaitley’s presence even more than we feared.
Mon, Aug 24, 2020
Plotting the economic revival: Exceptional situation calls for creative solutionsSubscriber Only
May 11,2020 01:55:23 AM
Exceptional situation calls for creative solutions — new set of procedures that utilise much of existing IBC framework, reformed IBC, bad banks for stressed assets in power and real estate sectors.
Mon, May 11, 2020
With Covid-19 crisis dealing sharp blow to struggling financial sector, revival calls for new approachSubscriber Only
May 09,2020 00:05:46 AM
Aravind Subramanian writes: Now, following the Covid-19 shock, red ink will be blotting balance sheets across the economy.
Sat, May 09, 2020
How coronavirus crisis can be converted to opportunity to fundamentally strengthen Indian economySubscriber Only
April 03,2020 00:00:14 AM
A common thread to many of these actions — indeed prerequisites for their success — is cooperation between the Centre and states.
Fri, Apr 03, 2020
To subject youth to violence only adds to their sense of hopelessness about the futureSubscriber Only
January 11,2020 04:40:53 AM
It is bad enough that our higher education system has routinely been failing our youth. It is bad enough too that their prospects of getting decent, well-paying jobs are becoming more grim. To heap violence and physical and psychological insecurity only adds more hopelessness to their educational years
Sat, Jan 11, 2020
A solution: Two bad banks for the Four Balance Sheet problemSubscriber Only
December 20,2019 04:00:47 AM
Indicators of exports, imports, and real government revenues are in negative territory, or close to it. Clearly, this is not an ordinary slowdown. It is India’s Great Slowdown.
Fri, Dec 20, 2019Journalism of Courage
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