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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
Reserve Bank Of India
Inflation
United States
1991 Economic Reforms
India's Budget
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.

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Latest Episodes

The Reserve Bank of India faces an increasingly difficult monetary policy challenge. With inflation picking up, the rupee under persistent pressure and economic growth showing signs of recovery, the RBI must decide how to balance three competing prio... more

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India's economy has demonstrated considerable resilience, repeatedly surprising on the upside. But can this momentum translate into sustained growth, better jobs and higher living standards? As geopolitical tensions, volatile energy prices and uncert... more

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In this episode of How India's Economy Works, journalist and author Puja Mehra speaks with Ajay Srivastava, founder of the Global Trade Research Initiative (GTRI), about why the negotiations have stalled and what India stands to gain or lose from an ... more

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In this episode of How India's Economy Works, journalist and author 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), abou... more

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Recent Guests

Prachi Mishra
Economist, Dean of Ashoka School of Economics and Finance, and former member of the Economic Advisory Council to the Prime Minister
Ashoka School of Economics and Finance
Episode: The Strongest Case for Optimism About India's Economy
Ajay Srivastava
Founder of the Global Trade Research Initiative
Global Trade Research Initiative
Episode: Will Modi Walk Away From a Trade Deal With Trump?
Renu Kohli
Economist and senior fellow at the Centre for Social and Economic Progress, formerly with the RBI and IMF
Centre for Social and Economic Progress
Episode: Why the RBI's Defence of the Rupee Is Becoming Unsustainable
Madan Sabnavnis
Economist, Bank of Baroda
Bank of Baroda
Episode: The RBI Raised Rates. Then It Softened the Sting
Anoop Singh
Economist featured on the show
Episode: Global Bond Markets Are Shifting. What It Means for India
Rohit Dey
Historian and political scientist specializing in energy policy
Independent scholar / University of Delhi (as referenced)
Episode: What the Iran Conflict has Revealed about India's Energy Security
Ananth (Professor Ananth)
Professor of Economics (introduced as such)
Episode: India’s Self-Inflicted Outflows: How Policy Makers Are Driving Away Foreign Investors
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

Host

Puja Mehra
Host of the show and journalist focusing on India's economy.

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Talking Points

Recent interactions between the hosts and their guests.

The Strongest Case for Optimism About India's Economy
Q: So should this AI bubble burst, how do you think the spillovers into the Indian economy could play out?
A global economic impact could reach India through trade, investment, services exports and the decisions of consumers, producers and investors. Direct effects on Indian financial markets could be limited because they are less exposed to AI, but indirect effects could still be significant.
The Strongest Case for Optimism About India's Economy
Q: What do you think is the strongest case for optimism? Looking ahead.
Mishra sees opportunities in India's young population, services, manufacturing and agriculture, and says the country has already made substantial progress. She is optimistic about the next decade, provided India can execute reforms and address last-mile challenges.
Will Modi Walk Away From a Trade Deal With Trump?
Q: Do you think doing something like that will serve Indian interests at this point?
Asked about imposing reciprocal tariffs, Srivastava says India could choose not to retaliate or provoke the United States, but should refuse unreasonable demands and avoid concessions that harm its interests.
Will Modi Walk Away From a Trade Deal With Trump?
Q: How do you think our negotiators can make US behave in a more predictable manner?
Srivastava says India should focus on its own interests, avoid agreements that cause harm, and accept that some tariffs may be preferable to concessions that damage the economy or restrict strategic choices.
Why the RBI's Defence of the Rupee Is Becoming Unsustainable
Q: So is the BOP at risk of getting into crisis if this unsustainable approach continues without a change in strategy?
Kohli says India has already been in a serious balance-of-payments crisis for six months. She points to rapid reserve erosion and escalating interventions, and warns that further macroeconomic tightening could harm consumption and growth.

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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?

A compact, policy-focused economics show that unpacks India's macro picture through interviews with economists, policymakers, and industry experts. Episodes frequently tackle household behavior, capital formation, inflation, currency dynamics, and how policy design shapes growth, jobs, and competitiveness. Notable strengths include data-driven explanations of complex topics (GDP measurement, RBI balance sheets, export dynamics) and a willingness to connect nuanced theory to practical policy options and real-world implications for investors, businesses, and citizens. The format tends to blend historical context with current developments, balancing technical rigor with accessible storytelling to help listeners understand how big-picture shift... more

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Which podcasts are similar to How India's Economy Works?

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1. The Morning Brief
2. Daybreak
3. In Focus by The Hindu
4. The Daily Brief
5. Paisa Vaisa with Anupam Gupta

How many episodes of How India's Economy Works are there?

How India's Economy Works launched 3 years ago and published 75 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. Prachi Mishra
2. Ajay Srivastava
3. Renu Kohli
4. Madan Sabnavnis
5. Anoop Singh
6. Rohit Dey
7. Ananth (Professor Ananth)
8. Partha Chatterjee

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