{"id":36182,"date":"2019-07-15T11:59:47","date_gmt":"2019-07-15T15:59:47","guid":{"rendered":"https:\/\/carleton.ca\/economics\/?p=36182"},"modified":"2025-06-11T09:08:58","modified_gmt":"2025-06-11T13:08:58","slug":"professor-vivek-dehejia-comments-on-indias-financial-system-and-ability-to-spur-growth","status":"publish","type":"post","link":"https:\/\/carleton.ca\/economics\/2019\/professor-vivek-dehejia-comments-on-indias-financial-system-and-ability-to-spur-growth\/","title":{"rendered":"Professor Vivek Dehejia comments on India\u2019s financial system and ability to spur growth"},"content":{"rendered":"\n<section class=\"w-screen px-6 cu-section cu-section--white ml-offset-center md:px-8 lg:px-14\">\n    <div class=\"space-y-6 cu-max-w-child-5xl  md:space-y-10 cu-prose-first-last\">\n\n            <div class=\"cu-textmedia flex flex-col lg:flex-row mx-auto gap-6 md:gap-10 my-6 md:my-12 first:mt-0 max-w-5xl\">\n        <div class=\"justify-start cu-textmedia-content cu-prose-first-last\" style=\"flex: 0 0 100%;\">\n            <header class=\"font-light prose-xl cu-pageheader md:prose-2xl cu-component-updated cu-prose-first-last\">\n                                    <h1 class=\"cu-prose-first-last font-semibold !mt-2 mb-4 md:mb-6 relative after:absolute after:h-px after:bottom-0 after:bg-cu-red after:left-px text-3xl md:text-4xl lg:text-5xl lg:leading-[3.5rem] pb-5 after:w-10 text-cu-black-700 not-prose\">\n                        Professor Vivek Dehejia comments on India\u2019s financial system and ability to spur growth\n                    <\/h1>\n                \n                                \n                            <\/header>\n\n                    <\/div>\n\n            <\/div>\n\n    <\/div>\n<\/section>\n\n<p>\u201cWith mounting debts at some large NBFCs, economists now expect some to go bust and put India&#8217;s financial system at risk. \u2018This is a crisis waiting to happen,\u2019 said Vivek Dehejia, an economist at 杏吧原创 University in Canada.\u201d<\/p>\n\n\n\n<p>(Benjamin Parkin, \u201cIndia\u2019s shadow banking crisis sparks credit crunch,\u201d <em>Financial Times<\/em> at www.ft.com)<\/p>\n\n\n\n<p>Professor Dehejia comments on India&#8217;s move to spend more posted 5 July 2019:<\/p>\n\n\n\n<p>\u201c\u2018It would be good for the world if India came on like gang busters and really shot up,\u2019 said Vivek Dehejia, an economics professor at 杏吧原创 University in Ottawa, pointing to concerns about lost momentum in China, Europe and the U.S. \u2018Given the state of the global economy we could use more drivers of global growth,\u2019 he said.<\/p>\n\n\n\n<p>&#8230;<\/p>\n\n\n\n<p>\u201cMr. Dehejia said Mr. Modi\u2019s re-election mandate empowered him to push through economic overhauls\u2014but that he has missed the opportunity.\u201d<\/p>\n\n\n\n<p>(<a href=\"https:\/\/www.wsj.com\/articles\/india-hopes-to-snap-out-of-slump-with-more-spending-11562327813\">Eric Bellman, \u201cIndia Moves to Spend More and Draw Investment to Spur Growth\u201d <em>The Wall Street Journal<\/em> online<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cWith mounting debts at some large NBFCs, economists now expect some to go bust and put India&#8217;s financial system at risk. \u2018This is a crisis waiting to happen,\u2019 said Vivek Dehejia, an economist at 杏吧原创 University in Canada.\u201d (Benjamin Parkin, \u201cIndia\u2019s shadow banking crisis sparks credit crunch,\u201d Financial Times at www.ft.com) Professor Dehejia comments on [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":27350,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[197,63,198,199,62,61,183],"class_list":["post-36182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crisis","tag-financial-times","tag-global-economy","tag-growth","tag-india","tag-vivek-dehejia","tag-wall-street-journal"],"acf":{"cu_post_thumbnail":""},"_links":{"self":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/posts\/36182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/comments?post=36182"}],"version-history":[{"count":1,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/posts\/36182\/revisions"}],"predecessor-version":[{"id":36183,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/posts\/36182\/revisions\/36183"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/media\/27350"}],"wp:attachment":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/media?parent=36182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/categories?post=36182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/tags?post=36182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}