When Ideas Matter: Democracy and Corruption in India is the title of a new book by the author Bilal Baloch. The book provides a framework for understanding how governments respond ... Read more
When Ideas Matter: Democracy and Corruption in India is the title of a new book by the author Bilal Baloch. The book provides a framework for understanding how governments respond to credibility crises. We all know that governments act in their own interests—but what are those interests? How are they defined? And where do they come from? These are the questions that Bilal explores in his new book, through an examination of two seminal crises in Indian history: Indira Gandhi’s response to the JP movement in the mid-1970s and the UPA government’s reaction to the India Against Corruption movement a decade ago. Milan and Bilal discuss the role ideas play in shaping government policy during acute crises, the relevance of ideas in interpreting India’s response to the Russian invasion of Ukraine, and the factional divisions that exist within the Modi government. Plus, the two discuss Bilal’s new career as a tech start-up entrepreneur. Read more
The last few weeks have seen a flurry of activity on the Indian politics and policy front. India has found itself front and center in the Ukraine crisis as it has repeatedly abstai ... Read more
The last few weeks have seen a flurry of activity on the Indian politics and policy front. India has found itself front and center in the Ukraine crisis as it has repeatedly abstained from condemning the Russian invasion. Last week, in a visit that had tongues wagging, the Indian and Chinese foreign ministers met in New Delhi in the first high-level summit in two years. And, we’ve closed the books on five key state elections across the country—in which the ruling Bharatiya Janata Party (BJP) emerged as the victor in four of five contests. To discuss all of the latest developments out of India, Milan is joined by Grand Tamasha news round-up regulars Sadanand Dhume (American Enterprise Institute and the Wall Street Journal) and Tanvi Madan (Brookings Institution). The trio discusses India’s evolving stance on the Russian invasion, Wang Yi’s surprise visit to India, and Uttar Pradesh Chief Minister Yogi Adityanath’s future. Plus, the three discuss what under-reported stories Grand Tamasha listeners should be paying attention to. Read more
“Water is everywhere—in the highest mountains, in the deepest ocean, in the Ganga, in sewers, within you, and in the air. But the glass of water in front of you is precious because ... Read more
“Water is everywhere—in the highest mountains, in the deepest ocean, in the Ganga, in sewers, within you, and in the air. But the glass of water in front of you is precious because it requires India’s volatile, varied water to be harnessed and brought to your home.” This is one of the main insights of a new book, Watershed: How We Destroyed India’s Water and How We Can Save It, by the author Mridula Ramesh. Ramesh is the founder of the Sundaram Climate Institute, a cleantech investor, and a leading public voice in India’s water and climate debates. Milan sits down with Mridula this week to discuss her 360-degree perspective on India’s water woes and how they can be addressed. The two discuss the origins of India’s water crisis, the role of agriculture, and how ordinary citizens and civil society groups can be part of the solution rather than part of the problem. Read more
Last week, the results of five assembly elections were announced and the ruling Bharatiya Janata Party (BJP) of Prime Minister Narendra Modi claimed impressive victories in four ou ... Read more
Last week, the results of five assembly elections were announced and the ruling Bharatiya Janata Party (BJP) of Prime Minister Narendra Modi claimed impressive victories in four out of five contests—notching wins in Goa, Manipur, Uttarakhand, and Uttar Pradesh. In the state of Punjab, the upstart Aam Aadmi Party won a stunning victory that saw the demise of a whole slew of politicians with household names. The Congress Party, for its part, saw its fortunes diminish to an all-time low. To discuss the drivers of these results—and the impact they have on politics and policy, this week Milan is joined by Sunetra Choudhury, national political editor of the Hindustan Times and a veteran political analyst. Milan and Sunetra discuss the fate of Mandal politics, the future of the Congress, and the position of Uttar Pradesh Chief Minister Yogi Adityanath. Plus, the two discuss the political and policy impacts of these elections as India turns its attention to the 2024 general election. Read more
This week, the Indian government revealed that India’s economy expanded by 5.4 percent in the third quarter of the current fiscal year, which was well below market expectations. Th ... Read more
This week, the Indian government revealed that India’s economy expanded by 5.4 percent in the third quarter of the current fiscal year, which was well below market expectations. The latest GDP print raises fresh questions about the health of the Indian economy at a time when global headwinds are starting to pick up. Russia’s invasion of Ukraine, the spike in oil and other commodity prices, and persistent inflation all pose serious risks to India’s macroeconomic outlook. This week on the podcast, Milan sits down with economist Sajjid Chinoy to discuss how India might weather these external shocks. Sajjid is chief India economist at JP Morgan and one of the most respected voices on the Indian macroeconomy. Milan and Sajjid discuss India’s policy trade-offs, the latest underwhelming GDP numbers, and India’s progress on asset sales. Plus, Milan asks Sajjid about the reforms needed to boost India’s long-term growth outlook. Read more
Late last week, Russia launched a full-scale military invasion of Ukraine, deploying the might of the Russian military to conduct a hostile takeover of its sovereign neighbor. Over ... Read more
Late last week, Russia launched a full-scale military invasion of Ukraine, deploying the might of the Russian military to conduct a hostile takeover of its sovereign neighbor. Over the past few days, India’s role has received significant attention as it has neither condoned Russia’s behavior nor condemned it in the strongest terms. India has a long strategic relationship with Russia that it can ill afford to rupture when it has thousands of Chinese troops on its northern border. At the same time, there are increasing calls from the West for India to “get off the fence.” This week on the show, Milan sits down with strategic affairs expert Dr. Rajeswari (Raji) Pillai Rajagopalan to talk about the ongoing Ukraine crisis. Dr. Rajagopalan is the director of the Centre for Security, Strategy and Technology at the Observer Research Foundation in New Delhi. She has extensive experience—both inside and outside of government—on matters of Indian foreign policy and national security. Milan and Raji discuss the history of India-Russia relations, the extent of shared defense ties, and the friction that has developed in the relationship. Plus, the two discuss India’s tight-rope walk on Ukraine and the ramifications of the crisis for the Indo-Pacific. Read more
India’s first prime minister, Jawaharlal Nehru, died nearly six decades ago, but it is remarkable how much his legacy continues to color modern Indian life. From the border dispu ... Read more
India’s first prime minister, Jawaharlal Nehru, died nearly six decades ago, but it is remarkable how much his legacy continues to color modern Indian life. From the border dispute with China to debates over fundamental rights and Hindu-Muslim relations, the current policy discourse in India cannot be disentangled from Nehru’s own ideological convictions and those who did battle against him. A new book by Adeel Hussain and Tripurdaman Singh, Nehru: The Debates That Defined India, shines a spotlight on four consequential debates that Nehru engaged in that get to the heart of the Indian polity. The authors join Milan on the show this week to discuss Nehru’s enduring legacy, his intellectual sparring partners, and contentious debates over nationalism, communalism, civil liberties, and foreign policy. Read more
On February 1, the Union government presented its budget for the upcoming fiscal year—setting the tone for its midterm pivot as the government turns toward 2024 and the end of its ... Read more
On February 1, the Union government presented its budget for the upcoming fiscal year—setting the tone for its midterm pivot as the government turns toward 2024 and the end of its second term in office. What are the biggest takeaways from this year’s budget? How did the markets receive it? And what does it tell us about India’s uncertain economic recovery? To discuss these questions and much more, Milan is joined on the podcast this week by Roshan Kishore, data and political economy editor at the Hindustan Times. Milan and Roshan discuss India’s macroeconomic context, the government’s long-term growth strategy, and lagging private demand. Plus, the two discuss potential headwinds arising from the global economy and the debate over India’s long-term trend growth rate. Read more
Most of our listeners do not need an introduction to the Bollywood superstar Shah Rukh Khan. You’ve watched his movies. You’ve sung the songs his films have popularized. You might ... Read more
Most of our listeners do not need an introduction to the Bollywood superstar Shah Rukh Khan. You’ve watched his movies. You’ve sung the songs his films have popularized. You might even have had his poster on your wall growing up. A new book by the economist Shrayana Bhattacharya, Desperately Seeking Shah Rukh: India's Lonely Young Women and the Search for Intimacy and Independence, describes another role that Shah Rukh has fulfilled: he has been the north star for women across India as they search for intimacy, independence, and empowerment. Shrayana joins Milan on the podcast to discuss her new book—which is part economics tract, part reportage, part social commentary, and part feminist call to arms. Milan and Shrayana discuss how Shah Rukh has become a female (but not feminist) icon, the economics behind the lack of women’s agency in India, and her own struggles with love and loneliness. Plus, the two discuss the mysteries of the Delhi social scene and the ways government policy can help challenge conservative, patriarchal social norms. Read more
On Sunday, January 23, India reported more than 333,000 active COVID cases while the official number of fatalities surpassed 500 deaths. What is the state of COVID in India today? ... Read more
On Sunday, January 23, India reported more than 333,000 active COVID cases while the official number of fatalities surpassed 500 deaths. What is the state of COVID in India today? What lessons has this pandemic imparted? And what, if anything, does COVID mean for the future of economics and politics in the country. To discuss these questions and to kick off the seventh season of the podcast, Milan speaks with Sukumar Ranganathan, editor-in-chief of the Hindustan Times, on the show this week. Milan asks Sukumar to assess India’s COVID response, the impact the pandemic has had on federalism, and whether India’s economy has turned a corner. Plus, Milan and Sukumar discuss whether COVID has fundamentally changed India’s future economic and political trajectories. Read more
