Over the years, multiple slabs and rate cuts in the name of rationalisation have made the tax structure complicated and hampered collections. It’s time for a change
The economy is growing at seven and a half per cent, even though private consumption is at 3 per cent," Arvind Subramanian pointed out
Arvind Subramanian expressed concern about the migration of high-end talent to other states due to what he termed as an unattractive social infrastructure.
Despite the rising labour cost, Tamil Nadu has been able to achieve manufacturing investment owing to its skilled workforce, the economists said
A doctorate in economics or finance is desirable but not essential (a master's degree is essential), and the age limit is 56 years.
Governor Banwarilal Purohit said the council would consist of Nobel laureate Esther Duflo of the Massachusetts Institute of Technology (MIT), former Reserve Bank of India governor Raghuram Rajan.
Arvind Subramanian was India's CEA from October 2014 to June 2018.
Differentiation and complexity are unethical, unnecessary and difficult to implement, former chief economic advisor Arvind Subramanian said.
Faculty wrote to the vice chancellor and board members to state their “deep anguish” over Pratap Bhanu Mehta’s resignation, and noted that his exit sets a "chilling precedent for future removals of faculty.”
Subramanian, the former chief economic advisor, had joined the Ashoka University as a professor in the Department of Economics in July 2020.
In a paper titled The Economy and Budget: Diagnosis and Suggestions, co-authored with Josh Felman, Subramanian argued that the government can build on its strengths, by extending new welfarism to additional goods and services, while continuing to expand coverage of the goods and services it has already targeted.
The paper, jointly authored by Subramanian and Pennsylvania State University professor Shoumitro Chatterjee, said India is turning inward, domestic demand is assuming primacy over export orientation and trade restrictions are increasing, reversing a three-decade trend.
In a research paper, former CEA argues that the Indian domestic market is still quite small, and is likely to remain so over the medium-term, since domestic demand will be weighed down by heavy debts across the economic horizon—in firms, households, and the government.
Last year, Subramanian kicked off a controversy saying India’s Gross Domestic Product is overestimated by at least 2.5 percent between 2011-12 and 2016-17 due to a change in calculation methodology.
Subramanian, currently a visiting professor at Harvard University, further said reviving the financial sector is going to be critical for stimulating economic growth.
The coronavirus crisis will worsen India’s Four Balance Sheet problem.
India should plan for a negative growth to combat the 'economic deluge' caused by the coronavirus outbreak, says Subramanian.
He said the country would require additional expenditure of Rs 10 lakh crore to bring the coronavirus-hit economy back on track.
A research paper by Arvind Subramanian and Rohit Lamba says Indian underperformance in broader categories of development is not an aberration that time will necessarily correct
"All sections of the society are disenchanted with the functioning of the government. Those in the government are great experts at diverting attention.
Subramanian further said that he thinks personal income tax cuts motivated by desired increased consumption are highly inequitable.
After rallying to its lifetime intra-day high of 41,719.29, the 30-share BSE Sensex on Thursday settled 115.35 points or 0.28 per cent higher at its fresh closing record of 41,673.92.
Arvind Subramanian’s latest Harvard University paper says the Indian economy is trapped in a vicious circle, as stress in the corporate and financial sectors are feeding on each other, driving the economy downwards
In a new paper 'Validating India's GDP Growth Estimates', the former CEA said he had indicated his doubts on the growth numbers in the Economic Survey in 2015 as well as mid-year Economic Analysis.
In a research paper, the former CEA questioned the government's official GDP growth figures and said that the country may have grown at an average 4.5 percent in the years between 2011-12 and 2016-17, instead of the 7 percent average official data.