It Is An Affordability And Livelihoods Crisis: Dr. Arvind Subramanian On India's Economy

Former Chief Economic Adviser Dr. Arvind Subramanian delivers a blunt assessment: India is not facing a foreign exchange crisis with $700 billion reserves, but a serious “affordability and livelihoods crisis.” With global energy shocks pushing prices higher, he calls for equitable burden-sharing that protects the poor while allowing necessary adjustments.
Private investment remains weak, and he warns against using state power against investors. Subramanian pushes for renewable energy shift, power sector reforms, and mission-mode focus on exports as El Niño and global conflicts threaten to worsen conditions.
Hard truths on what lies ahead for the Indian economy. Watch the full analysis.
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