Subramanian had flagged the twin balance sheet (TBS) problem - debt accumulated by private corporates becoming non-performing assets (NPA) of banks - back in December 2014, while he was CEA to the Narendra Modi government.from Top Business News- News18.com
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India Facing 'Great Slowdown', Economy Headed to ICU, Says Modi Govt's First CEA Arvind Subramanian
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December 18, 2019
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