New Delhi, Jan. 30 -- Indian economy could be in the grip of a structural slowdown and its
journey to become a developed nation faces multiple hurdles requiring major policy overhaul
by the government, former chief economic advisor (CEA) Dr Arvind Subramanian has said.
In an interview to Karan Thapar for The Wire, Dr Subramanian, who is presently a Senior Fellow
at the Peterson Institute for International Economics in Washington DC said that India needs to consistently grow at the rate of 7-8% for the next 25 years to become a developed nation.
"We need to have the kind of reforms of the economy of the scale that we did in the 90s and we
need to have a favourable global economic environment both of which are now looking very
uncertai...