Arvind Subramanian On India’s Economic Challenges | India & The World | DeKoder

Added: 2026-06-01

[00:00:00]To say that these are challenging times for India's economy would be an understatement. As we speak, you and I have experienced as many as four fuel hikes in just the last 10-11 days. And I think it would be safe to say that more will follow. Uh the Prime Minister with his warning to the country has made it clear that these will be tough times. Uh the rupee uh has been sliding against the dollar. It's now hovering around that 96-97 mark uh for for a number of days now. And uh we've also seen warning signs about where things are headed with airlines like Air India cutting back their international flights because of the fuel price hikes. They've now announced today in fact that they'll also be substantially cutting down their domestic flights. And when uh fuel prices are hiked in the way that they have been, it has a cascading effect on the rest of the economy as well.

[00:00:55]But are India's economic challenges today uh all to do with this war uh between the US and Iran or is it something more fundamental that we need to address?

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