Arvind Subramanian, on Boosting India's Private Sector
IMF Podcasts, October 23, 2014
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Bibliographic details
- Published: October 23, 2014
Overview
- Publication date: October 23, 2014
- Interview timing: interviewed in late August (before his appointment as the country's new chief economic adviser)
- Subject: Constraints on private investment in India and the role of removing bottlenecks to raise growth
Key findings
- Private investment is down in India.
- A significant constraint on private investment is the lack of coal and electricity.
- "Half of India’s thermal power stations have less than a week’s supply of coal on hand."
- Removing bottlenecks in coal and electricity supply is identified as key to increasing growth.
Policy implications and recommendations
- Prioritize resolving energy bottlenecks—particularly coal supply and electricity availability—to support a revival in private investment.
- Addressing infrastructure and supply-chain constraints in the power sector is essential for accelerating economic growth.
Podcast production and participants
- Interviewee: Arvind Subramanian, India’s chief economic advisor
- Behind the mic:
- Bruce Edwards — International Monetary Fund; producer of the IMF podcast program
- Rhoda Metcalfe — independent journalist and audio producer