Join journalist Puja Mehra as she breaks down one story to give you all the context you need to understand how it fits into the larger picture of India's economy.
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It’s been 30 years since India opened up its economy, freeing it of the licence permit raj, improving access to capital, and introducing a New Industrial Policy. But what went on behind the scenes, and how have successive governments taken these reforms forward? In a series of seven conversations with economists, policymakers, thinkers and doers, Puja Mehra unpacks the story behind India’s reforms and finds out what’s likely to happen in the near future. This is a Mint production, brought to ...
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Trump’s Trade War Has Begun: Understanding What US Is Trying To Do To Global Trade with Abhijit Das
55:48
55:48
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55:48In this episode, author and journalist Puja Mehra speaks to trade policy expert Abhijit Das. They discuss the recent spat of Trump Tariffs, the implications it has for the world and how it fits in the context of the overall US trade strategy. Tune in for insights into the current state of Trump's trade war. For more of our coverage check out…
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How China Raced Past India to Dominate Global Car Manufacturing with Raghavan Srinivasan
33:54
33:54
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33:54In this episode, author and journalist Puja Mehra speaks to Raghavan Srinivasan, journalist and former editor for The Hindu Business Line. They discuss the factors and history that gave rise to China’s domination in Global car manufacturing. They also talk about the role of the US, and the opportunities that India might have in this sector. Tune in…
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A Budget for Politics, Not Growth with Rajeswari Sengupta
36:53
36:53
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36:53In this episode, author and journalist Puja Mehra speaks to economist Rajeswari Sengupta to scrutinize the government's fiscal strategy in the latest budget. Sengupta offers candid insights on how the shift from transparent fiscal deficit targets to a more opaque debt-to-GDP approach—coupled with expenditure cuts and generous tax reliefs—is unlikel…
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Did RBI Manage the Rupee Exchange Rate to Help Select Oligarchs? — with Rathin Roy
33:55
33:55
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33:55In this episode, author and journalist Puja Mehra speaks to economist Rathin Roy about India's exchange rate policy and its intricate connections with foreign reserves, FDI/FII trends, and the role of the Reserve Bank of India (RBI). Economist Dr. Rathin Roy shares his candid insights on how India's foreign exchange reserves are shaped, the implica…
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What Should the Budget do to Taxes with Suranjali Tandon
35:31
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35:31In this conversation, author and journalist Puja Mehra speaks to Suranjali Tandon, Associate Professor at NIPFP (National Institute of Public Finance and Policy). They talk about India’s tax system, the tax-to-GDP ratio, disparities between salaried and business taxpayers, and the implications of social and economic constraints on tax structures. T…
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Rupee’s Future and History with Bazil Shaikh
37:27
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37:27In this episode, journalist Puja Mehra is joined by Bazil Shaikh, former RBI official and author of the book The Conjurors Trick An Interpretive History Of Paper Money In India. They discuss the history and evolution of the rupee, exploring how money has served as a medium of communication, a tool for sovereignty, and how it is a reflection of soci…
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India’s Telecom Reforms Story with Dr. Rajat Kathuria
47:00
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47:00In this episode, journalist Puja Mehra is joined by economist Dr. Rajat Kathuria to explore the evolution of India’s telecom sector. From the early days of competition and spectrum allocation to the challenges faced by both new and legacy operators, Dr. Kathuria discusses the regulatory hurdles and the shift in policies that shaped the industry. Th…
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Spotlight on Bihar: Understanding India’s Poorest State with Prachi Mishra
19:20
19:20
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19:20In this episode, journalist Puja Mehra is joined by economist Prachi Mishra to uncover the factors behind Bihar’s economic challenges. From historical policies like the Freight Equalisation Scheme to the migration patterns driven by low wages, Prachi explains the root causes of Bihar’s struggles and its divergence from other Indian states. They als…
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Rhetoric vs Reality: Trump’s Disruptive Agenda with Neelkanth Mishra
33:07
33:07
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33:07In this conversation, journalist Puja Mehra speaks to Neelkanth Mishra, Chief Economist at Axis Bank. They explore the global economic ripple effects of Donald Trump’s fiscal and trade policies and what they mean for India, inflationary pressures, shifts in global capital flows, the “China shock” impacting trade and manufacturing. They also discuss…
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How Poultry Became India’s Fastest Growing Agriculture Sector with Siraj Hussain
19:17
19:17
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19:17In this conversation, journalist Puja Mehra speaks to former secretary with the Ministry of Agriculture Siraj Hussain about the rapid growth of India's poultry sector and how it has outpaced other agricultural sectors like fisheries and livestock. They discuss the rise of the integrator model in poultry farming, the challenges and benefits of contr…
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How Thums Up Gave Coca-Cola and Indian Politicians A Lesson In Market Economics with R Srinivasan
40:25
40:25
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40:25In this episode, Raghavan Srinivasan, journalist and former editor for The Hindu Business Line, talks about the story of Coca-Cola's entry into the Indian market. He highlights how global brands like Coca-Cola and Pepsi, after initially trying to dominate the Indian market, had to adapt to local preferences, even reintroducing beloved brands like T…
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India’s Endless Struggles Against China’s Exports Dominance with Ila Patnaik
31:26
31:26
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31:26In this episode, Puja Mehra talks to economist Ila Patnaik about the complex challenges India faces as it strives to compete with China's export dominance. They talk about the uncompetitive infrastructure, higher labor and energy costs, and irrational tariff structures that hinder India’s manufacturing sector. Patnaik discusses the impact of China'…
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Big Tech’s Hidden Costs and Power with Payal Malik
43:41
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43:41In this episode, Puja Mehra talks to economist Payal Malik about the impact of big tech companies like Google and Meta on market competition in India and the recent antitrust ruling against google. They explore how these giants dominate industries through data extraction, stifling innovation and harming suppliers, the need for new regulations to ad…
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India Before 1991 And How The Reforms Changed It with Shruti Rajagopalan
1:04:52
1:04:52
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1:04:52In this conversation, Puja Mehra talks to Dr. Shruti Rajagopalan about the historical context of the 1991 Economic Liberalisation of India. She illustrates how the economy in india worked through the manufacture of a bicycle and goes on to explain the impact of those economic reforms, the careful planning that went into it, the people who brought i…
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How To Read India’s Budgets with Vijay Singh Chauhan
43:00
43:00
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43:00In this conversation, Puja Mehra talks to Vijay Singh Chauhan about the complexities of government budgeting and fiscal management in India. They discuss discrepancies in GDP numbers, government borrowing, the fiscal deficit, the importance of transparency, statistical skills, and public input in the budget-making process, and much more. For more o…
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Banks of the Princely States: Before and After Independence with Amol Agrawal
43:36
43:36
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43:36In this conversation, Puja Mehra and economist Amol Agrawal discuss the history and evolution of banking in India, the establishment of princely state banks, their merger into the State Bank of India, the emergence of new banking forms and much more. ABOUT AMOL AGRAWAL Amol Agrawal is a teacher of economics having taught economics at Ahmedabad Univ…
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Households: The GDP's Largest, Battered Sector with Nikhil Gupta
44:35
44:35
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44:35In this conversation, journalist Puja Mehra speaks to economist Nikhil Gupta about the financial situation of households (including weakening income growth, growing debt, and reliance on non-mortgage personal loans), the intricate relationship between the household and corporate sectors, recent trends in savings, investments, and borrowings, and mu…
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The Origins Of Private Banking In India with Amol Agrawal
38:15
38:15
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38:15In this conversation, journalist Puja Mehra speaks to economist Amol Agrawal about the history of private banks in India, how the RBI was setup, banking regulation through the years, the beginnings of some of India's most iconic private banks and much more. ABOUT AMOL AGRAWAL Amol Agrawal is a teacher of economics having taught economics at Ahmedab…
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India's GDP: Whose GDP Is It Really? with Rathin Roy
59:30
59:30
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59:30In this conversation, journalist Puja Mehra speaks to economist Rathin Roy about India's economic growth and challenges, the country's economic transformation, the need for inclusive development, the growing disconnect between the masses and the growth process and much more. ABOUT RATHIN ROY Rathin Roy was the Director and CEO of the National Insti…
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From Severe Shortages to Huge Surpluses and Shortages Again - India’s Food Economy with Siraj Hussain
34:41
34:41
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34:41In this conversation, journalist Puja Mehra speaks to former secretary with the Ministry of Agriculture Siraj Hussain about agriculture policy, managing food inflation, minimum support price, wheat procurement, nuanced policies that balance farmer interests with consumer needs and much more. ABOUT SIRAJ HUSSAIN Siraj Hussain joined the IAS in 1979 …
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India’s Success and Struggles Against Poverty with Maitreesh Ghatak and Rishabh Kumar
39:13
39:13
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39:13In this conversation, journalist Puja Mehra speaks to economists Maitreesh Ghatak and Rishabh Kumar about poverty estimation in India, historical trends in poverty reduction, defining the poverty line, poverty in rural areas vs urban areas and much more. ABOUT MAITREESH GHATAK Maitreesh Ghatak is Professor of Economics at the London School of Econo…
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How Parliamentary Debates Sometimes Shape India’s Economy with Chakshu Roy
56:09
56:09
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56:09In this conversation, journalist Puja Mehra speaks to Chakshu Roy about challenges faced by members of parliament in contributing to economic policymaking, the importance of research support, the limitations of the parliamentary system and much more. ABOUT CHAKSHU ROY Chakshu Roy is an expert on the rules and procedures of Parliament and its functi…
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How India Cut Time For Goods To Come Through Ports From 14 to 2 days with Vijay Singh Chauhan
41:27
41:27
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41:27In this conversation, journalist Puja Mehra speaks to Vijay Singh Chauhan about streamlining cargo clearance processes in India, the challenges faced during COVID-19 in cargo clearance and much more. For more of our coverage check out thecore.in Subscribe to our Newsletter Follow us on: Twitter | Instagram | Facebook | Linkedin | Youtube…
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Why Air Travel Isn’t Hassle-Free In India with Rajesh Vetcha
34:28
34:28
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34:28In this conversation, journalist Puja Mehra speaks to Rajesh Vetcha about Airports, how they are run, how the systems that allow for the functioning of airports work, passenger charters and much more. For more of our coverage check out thecore.in Subscribe to our Newsletter Follow us on: Twitter | Instagram | Facebook | Linkedin | Youtube…
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Should India Give Apple Money To Make iPhones Here with Suyash Rai
38:04
38:04
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38:04In this conversation, journalist Puja Mehra speaks to economist and deputy director at Carnegie India Suyash Rai about manufacturing policy in India, Apple's planned iPhone manufacture in India, whether PLI schemes actually work, industrial policy in India and much more. ABOUT SUYASH RAI Suyash Rai is a deputy director and fellow at Carnegie India.…
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The Kashmir Economy's Truth And Myths with Haseeb Drabu
41:09
41:09
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41:09In this conversation, journalist Puja Mehra speaks to Former Finance Minister of Jammu and Kashmir Haseeb Drabu about the inner workings of the Kashmir economy, opportunities for businesses in the valley, what the abrogation of Article 370 meant for businesses and much more. ABOUT HASEEB DRABU Haseeb Drabu is an Indian politician, economist and the…
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Join journalist Puja Mehra as she talks to Economists, Academics and Researchers and breaks down one story to give you all the context you need - historical, macro-economic and policy-related - to understand how it fits into the larger picture of India's economy. For more of our coverage check out thecore.in --Support the Core Report-- Join and Int…
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Ruchir Sharma: ‘Only in a crisis does India reform’
27:08
27:08
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27:08Has the Indian economy truly graduated from being business-friendly to being market-friendly? As we come closer to wrapping up the series, Let’s hear from Ruchir Sharma, Global Investor, Author, and Columnist, about India’s reform experience and the progress made in the whole range of market economies as a result of reforms taken in these 30 years.…
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Surjit Bhalla: ‘Reforms provide welfare benefits to the bottom 50%’
30:27
30:27
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30:27What shape will Modi’s government reforms eventually take and what results they are gonna finally yield? How they will ultimately change lives in the years to come? In this episode, Pooja Mishra in conversation with Surjit Bhalla, Executive Director for India at the IMF, gives deep insights into the important reforms initiatives by PM Modi until no…
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Bibek Debroy: ‘Modi is implementing reforms pending from 1993’
30:20
30:20
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30:20We cannot afford to deny that there are signs of a deep malaise in the Indian economy. To understand what has truly gone wrong, Join Pooja Mehra in conversation with Dr. Bibek Debroy, the Senior most Economist in the Government and Chairman of PM Modi’s Economics advisory council as he traces back the Narendra Modi’s government reforms record ever …
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Vijay Kelkar: ‘If you want to be an economic superpower, you can't be protectionist’
27:24
27:24
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27:24What makes Vajpayee’s reforms different from the successor government? Weren’t the economic reforms of his regime more by oversight than by design? In this episode of India’s reform story, Join Pooja Mehra in conversation with Vijay Kelkar, former finance secretary and chairman of the 13th Finance Commission, as he uncovers Vajpayee’s knack of over…
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N.K. Singh: ‘When Vajpayee became PM, telecom was in a colossal mess’
33:15
33:15
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33:15When Vajpayee became Prime Minister in 1998, the telecom sector was in complete disarray. What fueled the explosive growth in the telecom sector and how did it become one of the big reform success stories? Join Pooja Mehra in conversation with N.K. Singh, Chairman of the 15th Finance commission, as they talk about the cleanup and total deregulation…
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Rakesh Mohan: ‘The 1991 moment was 18 months in the making'
35:30
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35:30Only a few people realize how irrational the Indian economic control system was before 1991. What the winds of economic liberalization brought with it was the dismantling of License Permit Raj. Join Pooja Mehra in conversation with Dr Rakesh Mohan, Former deputy governor of RBI, as they discuss this system in-depth, the command-and-control economy,…
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Montek Singh Ahluwalia: ‘1991 reforms aimed at more than just the BOP crisis’
35:54
35:54
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35:54India ran into an unsustainable deficit in the balance of payments in the year 1991. To start the series, Pooja Mehra asked Mr Montek Singh Ahluwalia, an Indian economist and civil servant who served as the Deputy Chairman of the Planning Commission of India, to recount how the BOP 1991 crisis built up, how it was brought under control and how poli…
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