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How India's Economy Works

The Core
India
Indian Economy
China
Agriculture
Tariffs
Employment
Economics
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 monthlyEpisodes63Founded2 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 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

In this episode of How India's Economy Works, host Puja Mehra speaks with trade economist Dr. Nisha Taneja, Professor at Indian Council for Research on International Economic Relations (ICRIER). They unpack what the latest export data really reveals.... more

In this episode of How India's Economy Works, host Puja Mehra speaks with economist Renu Kohli, formerly at the Reserve Bank of India and the IMF and currently senior fellow at the Centre for Social and Economic Progress (CSEP). They talk about the r... more

In this episode of How India’s Economy Works, host Puja Mehra speaks with economist and Professor of Economics at SRM University, Dr. Parag Waknis to unpack one of the most important yet least understood documents in Indian policymaking, the RBI’s ac... more

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Recent Guests

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
Dr. Rajiv Kumar
Former Vice Chairman of NITI Aayog and author
NITI Aayog
Episode: Global Upheaval, National Ambition: India’s Policy Shifts in a Time of Flux

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
#16
India/News/Business News
Apple Podcasts
#24
Singapore/News/Business News
Apple Podcasts
#122
Sweden/News/Business News
Apple Podcasts
#128
India/News
Apple Podcasts
#138
Japan/News/Business News
Apple Podcasts
#149
New Zealand/News/Business News
Apple Podcasts
#188
Singapore/News
Apple Podcasts
#217
Switzerland/News/Business News
Apple Podcasts
#248
South Africa/News/Business News

Talking Points

Recent interactions between the hosts and their guests.

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.
When Growth Doesn’t Reach Workers — The Hidden Stress in India’s Labour Market
Q: What policy directions could address the issue beyond wage subsidies?
A holistic life-cycle approach is needed, including better linkage between vocational training and local manufacturing, stronger public-sector hiring to stimulate demand, removal of regulatory bottlenecks, and empowering smaller/mid-sized enterprises to hire and invest.
When Growth Doesn’t Reach Workers — The Hidden Stress in India’s Labour Market
Q: Why are wages not keeping pace with inflation and what does this reflect about worker bargaining power?
Wages are lagging because productivity gains have not kept up, capital and labor are not allocated efficiently, and there is a missing middle in manufacturing along with weak union power and limited enforcement of minimum wages.

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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. Top of the Morning
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How India's Economy Works launched 2 years ago and published 63 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. Mr. Gera
2. Dr. Nisha Taneja
3. Renu Kohli
4. Parag Waknis
5. Rajiv Kumar
6. Dr. Anoop Singh
7. Aurélien Kruse
8. Suhasini Haidar

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