Why the economic crisis could worsen: Karan Thapar talks to Shankar Acharya
- 3 years ago
Shankar Acharya, former Chief Economic Advisor and former chairman of Kotak Mahindra Bank, speaks to The Wire on how serious the economic situation is, how it could deteriorate, the impact of recent oil shocks on India’s economy, the prospects for robust growth in the next five years, how these concerns will affect the goal of becoming a $5 trillion economy by 2024, how effective are the steps the government has taken, what more is needed and, with particular reference to the need to fire up animal spirits with deep and radical structural reforms, will they happen. This is the second in our series of interviews with top economists on the situation facing the country.
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The founding premise of The Wire is this: if good journalism is to survive and thrive, it can only do so by being both editorially and financially independent. This means relying principally on contributions from readers and concerned citizens who have no interest other than to sustain a space for quality journalism. As a publication, The Wire will be firmly committed to the public interest and democratic values.
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