Arvind Subramanian

Slowdown Blues: It’s not ordinary but ‘Great Slowdown’, Indian economy headed towards ICU, says ex-CEA Arvind Subramanian

Former Chief Economic Adviser Arvind Subramanian has said the Indian economy was headed towards an “intensive care unit” and that a “Great Slowdown” was imminent. The former chief economic adviser said the country was experiencing what he calls the “second wave” of Twin Balance Sheet (TBS) crisis, which will further lead to an even bigger damage to the economy.