{
  "title": "Arvind Subramanian, on Boosting India's Private Sector",
  "publication": "IMF Podcasts, October 23, 2014",
  "sourceUrl": "https://www.imf.org/en/news/podcasts/all-podcasts/2017/11/11/arvind-subramanian-on-boosting-indias-private-sector",
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  "summary": "Half of India’s thermal power stations have less than a week’s supply of coal on hand.",
  "publishDate": "2014-10-23",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Publication date: October 23, 2014\n- Interview timing: interviewed in late August (before his appointment as the country's new chief economic adviser)\n- Subject: Constraints on private investment in India and the role of removing bottlenecks to raise growth"
    },
    {
      "heading": "Key findings",
      "content": "- Private investment is down in India.\n- A significant constraint on private investment is the lack of coal and electricity.\n- \"Half of India’s thermal power stations have less than a week’s supply of coal on hand.\"\n- Removing bottlenecks in coal and electricity supply is identified as key to increasing growth."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Prioritize resolving energy bottlenecks—particularly coal supply and electricity availability—to support a revival in private investment.\n- Addressing infrastructure and supply-chain constraints in the power sector is essential for accelerating economic growth."
    },
    {
      "heading": "Podcast production and participants",
      "content": "- Interviewee: Arvind Subramanian, India’s chief economic advisor\n- Behind the mic:\n  - Bruce Edwards — International Monetary Fund; producer of the IMF podcast program\n  - Rhoda Metcalfe — independent journalist and audio producer"
    }
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    "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",
    "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.",
    "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.",
    "Interviewee: Arvind Subramanian, India’s chief economic advisor",
    "Behind the mic:",
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