Dr Duvvuri Subbarao is a former governor of the Reserve Bank of India.
India’s external-sector debate needs to evolve beyond the old binary of safe CAD thresholds while also avoiding overly rigid distinctions between good and bad capital.
Duvvuri Subbarao
May 11, 2026 at 2:57 AM IST
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India’s fiscal story can no longer be read through the Union Budget alone. State borrowing and spending now shape growth, interest rates and macroeconomic stability.
January 20, 2026 at 3:30 AM IST
Atmanirbhar Bharat has shown flashes of true resilience, yet risks sliding into protectionist déjà vu. India must decide if self-reliance means global ambition or insular retreat.
August 19, 2025 at 12:23 PM IST