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IIM Indore conducted a guest talk by Mr. Arvind Subramanian, Chief Economic Advisor, Government of India on July 06, 2018. He interacted with the students and shared his views on some of the major economic decisions that were taken during his term.
Professor Rishikesha T. Krishnan, Director, IIM Indore welcomed Mr. Subramanian, who is also an alumnus of IIM Ahmedabad and hence part of the IIM fraternity. Professor Krishnan mentioned how the CEA was deeply admired by his batch-mates who looked up to Mr. Subramanian. Mr. Arvind Subramanian is an alma mater of St. Stephen’s College, Delhi, and then proceeded to earn an MBA from the Indian Institute of Management, Ahmedabad and M.Phil. and D.Phil. degrees from the University of Oxford on an Inlaks Scholarship.
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The CEA, who is soon going to relinquish his post after three weeks, talked about the economic-political paradigm followed by the Western countries and East Asian countries during their development process, and contrasted the Indian development model in terms of being democracy during its development process. He talked about the changing face of India Economy and the reforms undertaken in the recent years. He answered questions related to Universal Basic Income, agricultural reforms, GST, trade wars, education, demography, and other issues. He also highlighted the role of GST in creating a Pan-India market and fostering cooperative federalism. He concluded his talk emphasizing on the need for progressive taxation structure where rich pay their fair share, and underlined the importance of direct taxation in improving the citizen-state relationship through accountability.
The entire address by Mr. Subramanian was not only informative but also engaging. He also surprised the students of IIM Indore by visiting them during one of their lectures and happily posing for photographs.