Decoding the Indian Economy
HTML-код
- Опубликовано: 2 апр 2024
- It seems wherever you turn these days, there are stories about India’s status as the fastest growing major economy in the world. Its growth rates remain the envy of both the developed-and the developing-world. But what is really happening under the hood? What are the opportunities for India in a world riven by conflict and technological disruptions? And what challenges might it face as it tries to navigate these choppy waters?
To talk about the nuts and bolts of the Indian economy, Milan is joined on this week’s show by the economist Pranjul Bhandari. Pranjul is chief India and Indonesia economist and managing director for global research at HSBC. Whether it’s breaking down the latest GDP print, forecasting India’s inflation dynamics, or dissecting India’s annual budget, Pranjul is one of the sharpest and most prolific observers of the Indian economy.
Milan and Pranjul discuss the latest growth figures from India, the stickiness of inflation, and underwhelming consumption growth. Plus, the two discuss the puzzle of India’s foreign direct investment (FDI) inflows and what it will take for the “Make in India” program to succeed. The duo conclude with a discussion about the reforms India must prioritize if it is to achieve sustained rapid growth.
Episode notes:
1. Mohamed El-Erian and Michael Spence, “The Indian Giant Has Arrived,” Project Syndicate, March 22, 2024.
2. Pranjul Bhandari, “Beyond the budget: what happened when no one was really looking?” Mint, January 30, 2024.
3. Pranjul Bhandari, “India’s fiscal future: Lots done, more to do,” Mint, November 22, 2023.
4. Pranjul Bhandari, “India’s growth prospects are on the up. What changed?” Indian Express, December 19, 2023.
5. Pranjul Bhandari, “Building an India for manufacturers,” Indian Express, October 9, 2023.
Sign up to receive Carnegie invitations: bit.ly/3Bfsca5
Like and subscribe to our channel: bit.ly/38sljlH
The Carnegie Endowment advances international peace by leveraging its global network to shape debates and provide decisionmakers with independent insights and innovative ideas on the most consequential global threats and opportunities.
Support Carnegie’s work: carnegieendowment.org/donate
Visit our website: carnegieendowment.org/
Like us on Facebook: / carnegieendowment
Follow us on Twitter: / carnegieendow
Follow us on Instagram: / carnegieendow
#foreignpolicy #CarnegieEndowment
Good interview
This interview reeks of western attitude towards India. How can India grow so fast. Lets look at other places like GVA, FDI inflow, inflation deflator, private consumption to “prove” that the growth cannot be real. Can the west for once accept that the Indian govt and its economists are doing far better than the west hoped
Nobody is really asking anybody to “prove” anything to anybody dude. They’re asking for clarification on a bunch of contradictory data.
ECONOMIC GROWTH without Jobs😢
No.. economic growth is happening, and jobs are getting created.. but the number of jobs created is not enough
Western idea of job is to work for a company that contribute to your PF. If you work for a neighbours shop who pays you cash only, that's not a job. 87% unemployment is un-possible. You must be 9yo child to even believe that to be possible. 😂😂
@@mowgli583787 is not unemployment but underemployment where people work for almost nothing like for peanuts which means that their buying power will be negligible or small scale business aka self exploitation like roadside stalls who won't earn more than 10k per month which is abysmally low .
Looks like someone has been listening to Pappu too much