India’s potential for growth is unmatched: Lawrence Summers

Lawrence H. Summers, one of America’s leading economists, believes India could be a dominant story in the world’s economic history in the second quarter of this century. Summers, who played a key role in shaping the US government’s response to various episodes of global economic stress in recent years, including as Treasury Secretary in the Bill Clinton administration, believes India’s potential for growth is unmatched by the vast majority of countries. But the country has some contradictions to tackle. In conversation with Mint’s editor-in-chief Sruthijith K.K at the Hindustan Times Leadership summit 2021 on Wednesday, Summers discusses the most relevant economic issues of today—nations’ response to the pandemic, the impact of Fed’s tapering of bond-buying and the policy framework of cryptocurrency.

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