Arvind Subramanian: Things May Get Worse Before They Get Better | India and The World | DeKoder

Added: 2026-06-03

[00:00:00]He also said that an incremental price hike would be better than slamming people with big hikes all of a sudden when things go south.

[00:00:08]Um in in other words, I want to ask you, is this going to get much worse for us before it gets any better given the current uncertainty about what's happening with Iran?

[00:00:16]>> I do get the sense that there are more people who are worried or at least enough people are worried that, you know, there's no solution and even if there is, I think just getting capacity back online on stream is going to take so much longer that we should prepare for things getting worse before they get better. And this is not just this government, you know, um all governments in the past have had great difficulty in, you know, setting energy and and, you know, fertilizer prices close to the cost of production.

[00:00:53]I think the whole energy prices using prices getting close to what the markets are saying should be the prices, but cushioning the poor against that, I think that's a real policy challenge that this government and and all the governments in the states actually should, I think, take upon because if global prices are high, market prices are high, >> [music] >> you know, you cannot indefinitely have heavily subsidized energy prices.

[00:01:23]>> [music]