Podcast: Former CEA Arvind Subramanian on India’s Economic Response to the Covid-19 crisis
After a six-week nationwide lockdown in the wake of the COVID-19 pandemic, on May 3rd the Indian government commenced a calibrated relaxation of this unprecedented shutdown. To discuss the economic impacts of the crisis and what steps government can take to cushion the blow, this week on the show Milan Vaishnav (Director of the South Asia programme at the Carnegie Endowment for International Peace) welcomes back the economist Arvind Subramanian. Arvind served as the chief economic advisor to the Government of India between 2014-2018 and is currently a professor at the Kennedy School of Government at Harvard and a Senior Fellow at the Peterson Institute.
Milan speaks with Arvind about how Indian authorities should respond to the economic crisis, the utter failure of global economic cooperation, and whether China’s reputational hit offers India an opportunity. Plus, the two discuss Arvind’s long-standing support for a universal basic income (UBI) for India and whether the country has the necessary infrastructure in place to deliver an effective UBI.
YOU’RE INVITED: Join Milan, Tanvi, and Sadanand for a special LIVE episode of Grand Tamasha on Tuesday, May 19, at 11am EST / 8:30pm IST. Tune in as they break down the week’s news - and join the live chat to ask questions! Add it to your calendar, and join the live show here.