Shankar Acharya, former Chief Financial Advisor and former chairman of Kotak Mahindra Financial institution, speaks to The Wire on how severe the financial state of affairs is, the way it may deteriorate, the affect of latest oil shocks on India’s economic system, the prospects for strong progress within the subsequent 5 years, how these issues will have an effect on the objective of changing into a $5 trillion economic system by 2024, how efficient are the steps the federal government has taken, what extra is required and, with explicit reference to the necessity to hearth up animal spirits with deep and radical structural reforms, will they occur. That is the second in our sequence of interviews with prime economists on the state of affairs going through the nation.
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