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The India Policy Forum Lecture 2016
July 12, 2016

India International Centre, New Delhi

India and the Global Economy Post-Brexit


 Dr Arvind Subramanian


Dr Arvind Subramanian, Chief Economic Advisor, Government of India delivered NCAER’s 2016 India Policy Forum Lecture  on July 12, 2016 to an audience of distinguished economists, civil servants, industry analysts, media, and students at the India International Centre in New Delhi.  Dr Subramanian spoke on India and the World Economy in the wake of Brexit. He also released NCAER’s 2015-16 India Policy Forum volume on this occasion. The Union Finance Minister Shri Arun Jaitley also joined the lecture as part of the distinguished audience.


The 2016 IPF Lecture was part of the annual India Policy Forum economic policy research conference organised by NCAER with the objective of promoting rigorous research on Indian economic policy. The IPF comprises presentations of original commissioned papers, the annual conference leading to a published volume, and the annual IPF Lecture. A distinguished international Advisory Panel and an international Research Panel guide the IPF.  The annual IPF Volume is the highest ranked economic journal out of India based on citation counts. The IPF enters its 13th year in 2016.


In introducing the speaker, Dr Shekhar Shah, NCAER’s Director-General, said, “This is the India Policy Forum’s 13th year as we also celebrate NCAER’s 60th Anniversary in 2016.  We are especially privileged for the 2016 IPF Lecture to have with us Dr Arvind Subramanian, who in his position as the Chief Economic Advisor to the Government of India has perhaps spoken in one of the clearest voices in recent times on economic policy, both looking backwards with realism and analytical rigour and looking ahead with superb insights into the changing shape of global trade and finance.”

Dr Arvind Subramanian started his talk by complimenting NCAER and the IPF, and noted that, “It is fair to say that the IPF remains one of the really big events in the summer season of New Delhi… It has produced over the course of the last 12-13 years a lot of good research on policy in India of which I have been an avid consumer.”



In his IPF Lecture Dr Subramanian spoke about the implications for globalization of Brexit and other recent developments, and what they might mean for India’s prospects for sustained, rapid  development and convergence with the advanced countries.  He distinguished between p