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How India's Economy Works

The Core
India
Indian Economy
China
Agriculture
Tariffs
Economics
Employment
Bihar
Donald Trump
GDP Growth
Exports
Inflation
United States
1991 Economic Reforms
India's Budget
Reserve Bank Of India
Trade Negotiations
Private Investment
Cash Transfers
Manufacturing

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.

PublishesTwice monthlyEpisodes66Founded3 years ago
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Artwork for How India's Economy Works

Latest Episodes

In this episode of How India’s Economy Works, Puja Mehra speaks with Ananth Narayan, Economist and Former Whole Time Member, SEBI about the growing interconnections between India’s interest-rate, equity and currency markets—and the unintended consequ... more

India has spent heavily on housing schemes, but are we building homes in the places where people actually need them? In this episode of How India’s Economy Works, Puja Mehra speaks to economist Dr. Vidya Mahambare, Union Bank Chair Professor of Econo... more

India has been one of the world's fastest-growing major economies for years. Yet for millions of Indians, rising GDP has not translated into rising household prosperity, better jobs, or greater economic security.

In this episode of How India's Econo... more

In this episode of How India's Economy Works, Puja Mehra speaks with Electrical Engineer Sudhir Gera, Director of Operations at IEC Electric Power Ltd, who has spent over three decades in the industry and has worked closely with engineering colleges,... more

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Recent Guests

Partha Chatterjee
Professor, likely in Political Science/Economics
Professor at an Indian university
Episode: Why India's GDP Growth Isn't Resulting in Prosperity
Mr. Gera
Owner/leader of a genset manufacturing firm
Unspecified manufacturing SME in electrical/electronics
Episode: India’s Engineering Crisis
Dr. Nisha Taneja
Economics/Policy Expert invited to discuss tariff impact
Episode: How India's exports to the US jumped in the tumultuous year of Trump Tariffs
Renu Kohli
Expert guest discussing rupee policy and external accounts
Episode: India's Forex Reserves Aren't the Safety Net You Think
Parag Waknis
Economist/guest discussing RBI balance sheet and policy
[not stated in transcript]
Episode: What the RBI's role in the economy and its Relationship with Government is
Rajiv Kumar
Economist and public policy expert
Various (industry policy circles)
Episode: India's Manufacturing is Broken. There's Only One Way to Fix It, says Rajiv Kumar
Dr. Anoop Singh
Economist and author of Managing Public Finances in a New Global Era
Episode: The Shift from Trade to Public Spending as the New Engine of Growth--and its Bad Timing
Aurélien Kruse
World Bank's lead country economist in India
World Bank
Episode: India’s Outsized Efforts for Outsized Growth Ambitions with Aurélien Kruse
Suhasini Haidar
Foreign policy specialist and journalist
Episode: Why India’s Russian Oil Imports are Suddenly Bugging Trump with Suhasini Haidar

Host

Puja Mehra
Host of How India's Economy Works

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#87
United Kingdom/News/Business News
Apple Podcasts
#80
Australia/News/Business News
Apple Podcasts
#182
Germany/News/Business News
Apple Podcasts
#6
India/News/Business News
Apple Podcasts
#18
Singapore/News/Business News
Apple Podcasts
#39
India/News
Apple Podcasts
#132
New Zealand/News/Business News
Apple Podcasts
#161
Singapore/News
Apple Podcasts
#199
Mexico/News/Business News
Apple Podcasts
#215
Switzerland/News/Business News

Talking Points

Recent interactions between the hosts and their guests.

Why India's GDP Growth Isn't Resulting in Prosperity
Q: What about the role of institutions and reform in enabling innovation and better access to credit for mid-sized firms?
He emphasizes the need for a reliable legal system to reduce risk, credit access across the middle spectrum, and policies that encourage innovation rather than imitation, along with land and judicial reforms to unlock financing and growth opportunities.
Why India's GDP Growth Isn't Resulting in Prosperity
Q: So what does it take to get the middle layers to grow and translate growth into prosperity?
The guest outlines a multi-pronged approach: replace cliff-like policies with gradual slopes that incentivize mid-sized firms to grow, couple infrastructure with social investments like education and health, and create an ecosystem that makes it feasible for small firms to scale up and compete globally.
India's Forex Reserves Aren't the Safety Net You Think
Q: Can you walk us through how borrowed reserves affect India's external accounts and why reserves may not fully shield the rupee?
Borrowed reserves reflect short-term capital movements that finance the current account deficit. Even with large reserves, if short-term inflows dry up and long-term capital remains weak, the central bank may still need to intervene, but that doesn't guarantee long-run stability because the underlying structural gaps in the current and capital accounts persist.
India's Manufacturing is Broken. There's Only One Way to Fix It, says Rajiv Kumar
Q: What policy changes could help reorient manufacturing toward exports?
Shift to stronger state-specific export policies, shorten the gap between government and industry through candid collaboration, promote anchor investors, and build regional production networks with state-level incentives and procurement support.
India's Manufacturing is Broken. There's Only One Way to Fix It, says Rajiv Kumar
Q: What explains the lack of export focus despite a desire to grow manufacturing?
The guest identifies three main explanations: belief in a large domestic market reducing export incentives, perceived lag in competitiveness especially vs. China, and a cultural/structural tendency toward protectionism and domestic focus rather than global competition.

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Frequently Asked Questions About How India's Economy Works

What is How India's Economy Works about and what kind of topics does it cover?

The show consistently centers on macroeconomics, policy, and the interplay between India's economy and global dynamics. Episodes frequently dissect export strategies, currency movements, central bank policy, and manufacturing competitiveness, often featuring policymakers, economists, and researchers who provide data-driven context and practical implications for investors, business leaders, and policymakers. Notable strengths include guest experts who bridge academia and real-world policy, a clear focus on actionable observations for exporters and financiers, and a tendency to connect domestic trends with global financial architecture and geopolitical events. This makes it a valuable listen for professionals tracking India's economic policy,... more

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1. The Morning Brief
2. Daybreak
3. In Focus by The Hindu
4. 3 Things
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How India's Economy Works launched 3 years ago and published 66 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on How India's Economy Works?

Recent guests on How India's Economy Works include:

1. Partha Chatterjee
2. Mr. Gera
3. Dr. Nisha Taneja
4. Renu Kohli
5. Parag Waknis
6. Rajiv Kumar
7. Dr. Anoop Singh
8. Aurélien Kruse

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