Sri Vaishnavas believe Krishna to be an incarnation of Vishnu. On the other hand, Gaudiya Vaishnavas say Vishnu is an expansion of Krishna and quote certain verses from the Srimad Bhagavatam to support their views. One of these verses are given below:

narayanas tvam na hi sarva-dehinam
atmasy adhisakhila-loka-saksi
narayano ’ngam nara-bhu-jalayanat
tac capi satyam na tavaiva maya (Srimad Bhagavatam 10.14.14)

Translation: Are You not the original Narayana, O supreme controller, since You are the Soul of every embodied being and the eternal witness of all created realms? Indeed, Lord Narayana is Your expansion, and He is called Narayana because He is the generating source of the primeval water of the universe. He is real, not a product of Your illusory Maya.

How do Sri Vaishnavas interpret the above verse?

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    i don't see the point in interpreting this. when you're a son, you're called 'babloo', by your parents. when you're a father, you're called 'papa', by your son. now, which is the 'original' you? 'babloo' or 'papa'.. to your son, 'papa' is the original, and 'babloo' is an 'expansion'. to your parents 'babloo' is the original, and 'papa' is an 'expansion'. There is no difference between the different avataras of paramatma. – ram Aug 17 '17 at 23:03
  • @ram Except that Gaudiya Vaishnavas believe that Krishna is Paramatma and that while one may worship all Avataras of SrimannArAyaNa, 'rasa' will be obtained only with Krishna. – DirghaChintayanti May 10 '18 at 13:54
  • This question may be important because while many Hindus in general, and some Vaishnavas in particular, believe that Krishna is an incarnation of Vishnu (Narayana), but this Bhagavatam verse says the opposite thing, it says Narayana is an incarnation of Krishna! – brahma jijnasa May 16 '18 at 19:24

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