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Watch | Economic Crisis Could Worsen, But Here's Why the Govt Won’t Act

Shankar Acharya, former chief economic advisor and former chairman of Kotak Mahindra Bank, speaks to Karan Thapar on the serious economic situation India is in and how it could deteriorate further.

In the second of The Wire‘s series of interviews with top economists, Shankar Acharya, former chief economic advisor and former chairman of Kotak Mahindra Bank, speaks to Karan Thapar on the serious economic situation India is in and how it could deteriorate further.

The interview also touches upon the impact of the recent oil shocks on India’s economy, the prospect for robust growth over the next five years, how these concerns would affect the goal of becoming a $5 trillion economy by 2024.

The two also discuss how effective the steps taken by the government have been and what is required at this junction.