Returning to reality

“It was always clear, according to economic theory, that China’s 35-year growth had to slow”

Arvind Subramanian, chief economic adviser at India's Finance Ministry, speaks during an interview with Reuters in New Delhi


Arvind Subramanian, a former IMF staffer – and currently the chief economic adviser to the government of India – told the Financial Times this week: “The puzzle is not why it has slowed down dramatically but why it did not do so earlier. It is only relative to the unfounded belief that 10% growth was normal for China that 6% today seems unusual.”

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