Weekly Seminar by Arvind Subramanian
October 30, 2019 @ 1:30 pm - 2:50 pm
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Title: The Growth Slowdown: A Different(ial) Diagnosis
Speaker: Arvind Subramanian, Visiting Lecturer, Harvard University
Abstract: The talk will analyse the origins and causes of the recent growth slowdown. It will discuss the various diagnoses such as lack of reforms, weak demand, impact of GST and demonetisation and argue that they are all inadequate or misleading. Instead a unified explanation that explains both long run growth weakness and the recent collapse is the Twin Balance Sheet challenge, especially developments in the financial sector.