EY and Goldman Sachs models ignore India's inflation targeting regime
Krishnamurthy Subramanian · Former CEA: "INDIA WILL BECOME A $55 Trillion Economy By 2047" | KV Subramanian Proves On Neon Show · Oct 19, 2024 · at 24:21
Former Chief Economic Advisor Krishnamurthy Subramanian argues why major investment banks and consulting firms underestimate India's long-term GDP.
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“What the Ernst and Young and the Goldman Sachs predictions do not take into account is this importance of The inflation targeting regime, the change in inflation, a very important macroeconomic phenomenon that has to be taken into account. They just extrapolate from the past.”
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