‘Treacherous to navigate regulatory byways if you are not Adani, Ambani’: Ex-CEA Arvind Subramanian tells NYT
Hindustan TimesEconomist Arvind Subramanian -- who served as the chief economic adviser of the Narendra Modi government between 2014 and 2018 -- appeared to criticise India's regulatory rules in a recent Washington Post article, claiming it could be "treacherous to navigate India’s regulatory byways" if "you are not the two A's -- Adani or Ambani". Former Chief Economic Adviser Arvind Subramanian The Washington Post article titled 'India Is Chasing China’s Economy. But Something Is Holding It Back', Subramanian, an economist at Brown University, also accused the Indian economy of having what he called the "Modi phenomenon", which creates "a lot of hype and bluster and manipulation". "If you’re not the two A’s” — Adani or Ambani — it can be treacherous to navigate India’s regulatory byways.