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Martin Wolf talks to Arvind Subramanian: India, the next economic superpower?

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Manage episode 487243512 series 3670176
Content provided by Financial Times. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Financial Times or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

India is the world’s most populous nation, and since the 1990s it has maintained almost Chinese levels of rapid economic growth. Prime Minister Narendra Modi aims to make India a high income country and, by implication, an economic superpower by 2047. But is that achievable? This week’s guest, Arvind Subramanian, is a former chief economic adviser to Modi’s government. He is sceptical that the necessary growth rate can be sustained. Instead, he tells Martin Wolf how he thinks the government has scared off the necessary business investment, and how a serious miscalculation by the country’s central bank may be about to plunge India into a currency crisis.


Martin Wolf is chief economics commentator at the Financial Times. You can find his column here


Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen.


Read a transcript of this episode on FT.com


Hosted on Acast. See acast.com/privacy for more information.

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65 episodes

Artwork
iconShare
 
Manage episode 487243512 series 3670176
Content provided by Financial Times. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Financial Times or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

India is the world’s most populous nation, and since the 1990s it has maintained almost Chinese levels of rapid economic growth. Prime Minister Narendra Modi aims to make India a high income country and, by implication, an economic superpower by 2047. But is that achievable? This week’s guest, Arvind Subramanian, is a former chief economic adviser to Modi’s government. He is sceptical that the necessary growth rate can be sustained. Instead, he tells Martin Wolf how he thinks the government has scared off the necessary business investment, and how a serious miscalculation by the country’s central bank may be about to plunge India into a currency crisis.


Martin Wolf is chief economics commentator at the Financial Times. You can find his column here


Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen.


Read a transcript of this episode on FT.com


Hosted on Acast. See acast.com/privacy for more information.

  continue reading

65 episodes

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