Podcast appearances and mentions of Arvind Subramanian

On April 2nd, the U.S. government announced a host of sweeping tariff hikes with every single one of America's trading partners. The aim of the so-called “Liberation Day” tariffs was ostensibly to “rebalance” the global trading system, as some Trump advisors have put it.However, the drastic measure roiled markets and eventually resulted in the President imposing a 90-day pause on most tariffs, with the exception of strategic sectors and imports from China. India, for its part, was slapped with a 26% tariff even as top officials were negotiating a bilateral trade agreement with their American counterparts.While the fate of future tariffs and any side agreements are unknown, the episode raises serious questions about India's global economic strategy. To talk about where India goes from here, Milan is joined on the show this week by Shoumitro Chatterjee. Shoumitro is an Assistant Professor of International Economics at Johns Hopkins-SAIS. His research lies at the intersection of development economics, trade, and macroeconomics, but he has also done seminal work on the role of agriculture in development.Milan and Shoumitro discuss India's surprising export-led success, its underperformance in low-skilled manufacturing, and the country's inward turn post-2017. Plus, the two discuss how India can take advantage of the current global uncertainty and where the politically sensitive agricultural sector fits in.Episode notes:1. Shoumitro Chatterjee, “In Trump's tariff world, India must say: We are open for business,” Indian Express, April 4, 2025.2. Abhishek Anand, Shoumitro Chatterjee, Josh Felman, Arvind Subramanian, and Naveen Thomas, “How quality control orders are crippling India's trade competitiveness,” Business Standard, March 4, 2025.3. Shoumitro Chatterjee and Arvind Subramanian, “India's inward (re)turn: is it warranted? Will it work?” Indian Economic Review 58 (2023): 35-59.4. Shoumitro Chatterjee, Devesh Kapur, Pradyut Sekhsaria, and Arvind Subramanian, “Agricultural Federalism: New Facts, Constitutional Vision,” Economic and Political Weekly 62, no. 36 (2022): 39-48.5. Shoumitro Chatterjee and Arvind Subramanian, “India's Export-Led Growth: Exemplar and Exception,” Ashoka Center for Economic Policy Working Paper No. 01, October 2020.6. Shoumitro Chatterjee and Arvind Subramanian, “To embrace atmanirbharta is to choose to condemn Indian economy to mediocrity,” Indian Express, October 15, 2020.7. Shoumitro Chatterjee and Arvind Subramanian, “Has India Occupied the Export Space Vacated by China? 21st Century Export Performance and Policy Implications,” in Euijin Jung, Arvind Subramanian, and Steven R. Weisman, editors, A Wary Partnership: Future of US-India Economic Relations (Washington, D.C.: Peterson Institute for International Economics, 2020).8. Shoumitro Chatterjee and Devesh Kapur, “Six Puzzles in Indian Agriculture,” India Policy Forum 13, no. 1 (2017): 185-229.

India is the world's most populous nation, and since the 1990s it has maintained almost Chinese levels of rapid economic growth. Prime Minister Narendra Modi aims to make India a high income country and, by implication, an economic superpower by 2047. But is that achievable? This week's guest, Arvind Subramanian, is a former chief economic adviser to Modi's government. He is sceptical that the necessary growth rate can be sustained. Instead, he tells Martin Wolf how he thinks the government has scared off the necessary business investment, and how a serious miscalculation by the country's central bank may be about to plunge India into a currency crisis.Martin Wolf is chief economics commentator at the Financial Times. You can find his column hereSubscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

#cuttheclutter As the Indian exchange rates flatten, in Episode 1544 of #CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism.' Is a strong rupee necessarily good for India? Data from 1991 to 2024 --------------------------------------------------------------------------------------------- 0:38-- fluctuating dollar-rupee exchange rate 1:58-- India's real effective exchange rate 3:22-- RBI's exchange rate policy 5:54-- Rupee's weakening trend 8:29-- India's exchange rate mechanism 9:15-- What is external resilience? 11:00-- India's foreign reserve spending 15:12-- What is currency nationalism? --------------------------------------------------------------------------------------------- To read Arvind Subramanian & Josh Felman article: https://www.business-standard.com/opinion/columns/explained-has-india-s-exchange-rate-regime-changed-for-the-worse-124102801222_1.html --------------------------------------------------------------------------------------------- To read KP Krishnan Article: https://www.business-standard.com/opinion/columns/why-exchange-rate-volatility-is-essential-for-economic-flexibility-124101701598_1.html ---------------------------------------------------------------------------------------------  @arvindmenswear66  This Season, Embrace Royalty & Legacy with our New Season Launch of Luxury Primante Collection Fabrics. Discover our latest showcase featuring the esteemed People's Prince, Dr. Lakshyaraj Singh Mewar. Own your day, visit your nearest Arvind Store and craft your perfect look. #TheArvindStore #OwnYourLegacy #OwnTheMoment https://tinyurl.com/3wa2zatn

Indian federalism is encountering some of its biggest challenges since the early years of the republic. Relations between the union government in Delhi and the states are rocky, to put it mildly.India's better-off states are growing increasingly agitated about a system of fiscal federalism in which richer states end up subsidizing poorer, more backward ones.The new Goods and Services Tax (GST) has attracted fresh criticism because its benefits have not been shared equally by all states.And the coming fight over how parliamentary seats will be allocated across states has only added fuel to the fire.To discuss the brewing crisis in Indian federalism, Milan is joined today on the show this week by the economist Arvind Subramanian. Arvind is a senior fellow at the Peterson Institute for International Economics. He also served as the chief economic advisor to the government of India between 2014 and 2018. He recently co-authored a new essay in Economic and Political Weekly, “GST Revenue Performance: Gainers and Losers after Seven Years.”Milan and Arvind discuss the foundations of the GST, its implications for India's federal design, and its revenue implications. Plus, the two discuss growing resentment among India's prosperous states over fiscal transfers, questions about political representation, and the prospects of a new grand federal bargain.Episode notes:1. Varun Agarwal et al., “GST Revenue Performance: Gainers and Losers after Seven Years,” Economic and Political Weekly 59, no. 37 (September 14, 2024): 35-49.2. Varun Agarwal et al., “GST revenues: The fate of the compensation cess amid Centre-state row,” Business Standard, July 3, 2024.3. Varun Agarwal et al., “GST's revenue performance: Centre's sacrifice for cooperative federalism,” Business Standard, July 3, 2024.4. Josh Felman and Arvind Subramanian, “Is India Really the Next China?” Foreign Policy, April 8, 2024.5. Arvind Subramanian et al., “Understanding GST revenue performance,” Business Standard, January 1, 2024.6. Arvind Subramanian and Josh Felman, “Why India Can't Replace China,” Foreign Affairs, December 9, 2022.

Our greatest moral imperative is to solve the problem of poverty -- and after over 75 years, we still have some distance to travel. Rajeswari Sengupta joins Amit Varma in episode 387 of The Seen and the Unseen for a deep dive into how we got here, where we went wrong, what we got right, and how we should look at the Indian economy going forward. (FOR FULL LINKED SHOW NOTES, GO TO SEENUNSEEN.IN.) Also check out:1. Rajeswari Sengupta's homepage. 2. Demystifying GDP — Episode 130 of The Seen and the Unseen (w Rajeswari Sengupta). 3. Twelve Dream Reforms — Episode 138 of The Seen and the Unseen (w Shruti Rajagopalan, Rajeswari Sengupta & Vivek Kaul). 4. Two-and-a-Half Bengalis Have an Economics Adda -- Episode 274 of The Seen and the Unseen (w Rajeswari Sengupta and Shrayana Bhattacharya). 5. Talks & Discussions on the Indian Economy featuring Rajeswari Sengupta. 6. Rajeswari Sengulta's writings on the Indian economy. 7. Rajeswari Sengupta's writing for Ideas for India. 8. Rajeswari Sengupta's writing on the Leap Blog. 9. Rajeswari Sengupta's pieces on GDP: 1, 2, 3, 4, 5. 10. Rajeswari Sengupta's pieces on fiscal policy: 1, 2, 3. 11. Rajeswari Sengupta's pieces on the banking crisis: 1, 2, 3, 4, 5. 12. Rajeswari Sengupta's pieces on the financial sector: 1, 2, 3, 4, 5, 6, 7. 13. Rajeswari Sengupta's pieces on Covid: 1, 2, 3, 4. 14. Getting the State out of Our Lives -- Rajeswari Sengupta's TEDx talk. 15. Why Freedom Matters -- Episode 10 of Everything is Everything. 16. The Reformers -- Episode 28 of Everything is Everything. 17. The Importance of the 1991 Reforms — Episode 237 of The Seen and the Unseen (w Shruti Rajagopalan and Ajay Shah). 18. The Life and Times of Montek Singh Ahluwalia — Episode 285 of The Seen and the Unseen. 19. The Forgotten Greatness of PV Narasimha Rao — Episode 283 of The Seen and the Unseen (w Vinay Sitapati). 20. India's Lost Decade — Episode 116 of The Seen and the Unseen (w Puja Mehra). 21. The Life and Times of KP Krishnan -- Episode 355 of The Seen and the Unseen. 22. Lant Pritchett Is on Team Prosperity -- Episode 379 of The Seen and the Unseen. 23. Josh Felman Tries to Make Sense of the World — Episode 321 of The Seen and the Unseen. 24. Rohit Lamba Will Never Be Bezubaan -- Episode 378 of The Seen and the Unseen. 25. Yugank Goyal Is out of the Box — Episode 370 of The Seen and the Unseen. 26. The State of Our Farmers — Ep 86 of The Seen and the Unseen (w Gunvant Patil, in Hindi). 27. India's Agriculture Crisis — Ep 140 of The Seen and the Unseen (w Barun Mitra & Kumar Anand). 28. The Tragedy of Our Farm Bills — Episode 211 of The Seen and the Unseen (w Ajay Shah). 29. The Art and Science of Economic Policy — Episode 154 of The Seen and the Unseen (w Vijay Kelkar & Ajay Shah). 30. Two Economic Crises (2008 & 2019) — Episode 135 of The Seen and the Unseen (w Mohit Satynanand). 31. The Indian Economy in 2019 — Episode 153 of The Seen and the Unseen (w Vivek Kaul). 32. Subhashish Bhadra on Our Dysfunctional State -- Episode 333 of The Seen and the Unseen. 33. The Importance of Data Journalism — Episode 196 of The Seen and the Unseen (w Rukmini S). 34. Rukmini Sees India's Multitudes — Episode 261 of The Seen and the Unseen (w Rukmini S). 35. Pramit Bhattacharya Believes in Just One Ism — Episode 256 of The Seen and the Unseen. 36. Understanding the State -- Episode 25 of Everything is Everything. 37. When Should the State Act? -- Episode 26 of Everything is Everything. 38. Public Choice Theory Explains SO MUCH -- Episode 33 of Everything is Everything. 39. Our Population Is Our Greatest Asset -- Episode 20 of Everything is Everything. 40. What's Wrong With Indian Agriculture? -- Episode 18 of Everything is Everything. 41. The Long Road to Change -- Episode 36 of Everything is Everything. 42. India Needs Decentralization -- Episode 47 of Everything is Everything. 43. Beware of These Five Fallacies! -- Episode 45 of Everything is Everything. 44. Stay Away From Luxury Beliefs -- Episode 46 of Everything is Everything. 45. Graduating to Globalisation -- Episode 48 of Everything is Everything (on I18N). 46. Ask Me ANYTHING! -- Episode 50 of Everything is Everything. 47. Four Papers That Changed the World -- Episode 41 of Everything is Everything. 48. The Populist Playbook -- Episode 42 of Everything is Everything. 49. The 1991 Project. 50. The quest for economic freedom in India — Shruti Rajagopalan. 51. What I, as a development economist, have been actively “for” — Lant Pritchett. 52. National Development Delivers: And How! And How? — Lant Pritchett. 53. Economic growth is enough and only economic growth is enough — Lant Pritchett with Addison Lewis. 54. Is India a Flailing State?: Detours on the Four Lane Highway to Modernization — Lant Pritchett. 55. Is Your Impact Evaluation Asking Questions That Matter? A Four Part Smell Test — Lant Pritchett. 56. The Perils of Partial Attribution: Let's All Play for Team Development — Lant Pritchett. 57. Some episodes of The Seen and the Unseen on the state of the economy: 1, 2, 3, 4, 5. 58. Accelerating India's Development — Karthik Muralidharan. 59. Unshackling India -- Ajay Chhibber and Salman Soz. 60. India Grows At Night -- Gurcharan Das. 61. India's Problem is Poverty, Not Inequality -- Amit Varma. 62. Mohit Satyanand's newsletter post on the informal sector. 63. Pratap Bhanu Mehta's column on mission mode interventions. 64. The Hedonistic Treadmill. 65. 77% low-income households saw no income increase in the past 5 yrs -- Vasudha Mukherjee. 66. Pandit's Mind — The 1951 Time magazine cover story on Jawaharlal Nehru. 67. Economic Facts and Fallacies -- Thomas Sowell. 68. An Autobiography -- Jawaharlal Nehru. 69. The Double 'Thank You' Moment -- John Stossel. 70. Profit = Philanthropy — Amit Varma. 71. India After Gandhi -- Ramachandra Guha. 72. The China Dude Is in the House -- Episode 231 of The Seen and the Unseen (w Manoj Kewalramani). 73. The Dragon and the Elephant -- Episode 181 of The Seen and the Unseen (w Hamsini Hariharan and Shibani Mehta). 74. Caste, Capitalism and Chandra Bhan Prasad — Episode 296 of The Seen and the Unseen. 75. The Collected Writings and Speeches of Dr Babasaheb Ambedkar. 76. Population Is Not a Problem, but Our Greatest Strength -- Amit Varma. 77. How to assess the needs for aid? The answer: Don't ask -- William Easterly. 78. The White Man's Burden -- William Easterly. 79. The Elusive Quest for Growth -- William Easterly. 80. The Tyranny of Experts -- William Easterly. 81. Planners vs. Searchers in Foreign Aid — William Easterly. 82. Pandit's Mind — The 1951 Time magazine cover story on Jawaharlal Nehru. 83. 75 Years of India's Foreign Exchange Controls -- Bhargavi Zaveri Shah. 84. Breaking the Mould: Reimagining India's Economic Future — Raghuram Rajan and Rohit Lamba. 85. The History of the Planning Commission — Episode 306 of The Seen and the Unseen (w Nikhil Menon). 86. Adam Smith on The Man of System. 87. The Use of Knowledge in Society — Friedrich Hayek. 88. Price Controls Lead to Shortages and Harm the Poor -- Amit Varma. 89. The Great Redistribution -- Amit Varma. 90. Backstage: The Story behind India's High Growth Years -- Montek Singh Ahluwalia. 91. The Indian State Is the Greatest Enemy of the Indian Farmer -- Amit Varma piece, which contains the Sharad Joshi shair. 92. India's Massive Pensions Crisis — Episode 347 of The Seen and the Unseen (w Ajay Shah & Renuka Sane). 93. The Economic Legacies of Colonial Rule in India -- Tirthankar Roy. 94. The Semiconductor Wars — Episode 358 of The Seen and the Unseen (w Pranay Kotasthane & Abhiram Manchi). 95. BR Shenoy on Wikipedia and Indian Liberals. 96. BR Shenoy: Stature and Impact -- Peter Bauer. 97. The Foreign Exchange Crisis and India's Second Five Year Plan -- VKRV Rao. 98. India's Water Crisis — Episode 60 of The Seen and the Unseen (w Vishwanath S aka Zenrainman). 99. The Delhi Smog — Episode 44 of The Seen and the Unseen (w Vivek Kaul). 100. Fixing Indian Education — Episode 185 of The Seen and the Unseen (w Karthik Muralidharan). 101. Education in India — Episode 77 of The Seen and the Unseen (w Amit Chandra). 102. The Profit Motive in Education — Episode 9 of The Seen and the Unseen (w Parth Shah). 103. Our Unlucky Children (2008) — Amit Varma. 104. Where Has All the Education Gone? — Lant Pritchett. 105. Every Act of Government Is an Act of Violence -- Amit Varma. 106. Narendra Modi takes a Great Leap Backwards -- Amit Varma on DeMon & Mao killing sparrows. 107. The Emergency: A Personal History — Coomi Kapoor. 108. Coomi Kapoor Has the Inside Track — Episode 305 of The Seen and the Unseen. 109. Seven Stories That Should Be Films -- Episode 23 of Everything in Everything, in which Amit talks about the Emergency. 110. Milton Friedman on the minimum wage. 111. The Commanding Heights -- Daniel Yergin and Joseph Stanislaw. 112. Bootleggers and Baptists: The Education of a Regulatory Economist -- Bruce Yandle. 113. Raees: An Empty Shell of a Gangster Film — Amit Varma. 114. Josh Felman on Twitter, Project Syndicate, JH Consulting and The Marginal Economist. 115. Obituaries of SV Raju by Niranjan Rajadhyaksha and Samanth Subramanian. 116. Breaking Out -- Padma Desai. 117. Breaking Through -- Isher Judge Ahluwalia. 118. India's Far From Free Markets (2005) — Amit Varma in the Wall Street Journal. 119. Naushad Forbes Wants to Fix India — Episode 282 of The Seen and the Unseen. 120. The Struggle And The Promise — Naushad Forbes. 121. Half-Lion -- Vinay Sitapati's biography of PV Narasimha Rao. 122. A Game Theory Problem: Who Will Bell The Congress Cat? — Amit Varma. 123. India Transformed -- Rakesh Mohan. 124. Highway to Success: The Impact of the Golden Quadrilateral -- Ejaz Ghani, Arti Grover Goswami and William R Kerr. 125. The Cantillon Effect. 126. The Lost Decade -- Puja Mehra. 127. Modi's Domination – What We Often Overlook — Keshava Guha. 128. XKDR Forum. 129. Beware of the Useful Idiots — Amit Varma. 130. Some of Amit Varma's pieces and episodes against Demonetisation: 1, 2, 3, 4, 5, 6, 7, 8. 131. Episode of The Seen and the Unseen on GST: 1, 2, 3. 132. Miniature episodes of The Seen and the Unseen on PSBs, NPAs and NBFCs. 133. The Bankable Wisdom of Harsh Vardhan -- Episode 352 of The Seen and the Unseen. 134. Politics of Economic Growth in India, 1980-2005 -- Atul Kohli. 135. The Economic Consequences of the Peace -- John Maynard Keynes. 136. India's GDP Mis-estimation: Likelihood, Magnitudes, Mechanisms, and Implications -- Arvind Subramanian. 137. What a Long Strange Trip It's Been -- Episode 188 of The Seen and the Unseen (w Arvind Subramanian). 138. Episodes of The Seen and the Unseen on Covid-19: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14. 139. A Venture Capitalist Looks at the World -- Episode 213 of The Seen and the Unseen (w Sajith Pai). 140. The Indus Valley Playbook — Sajith Pai. 141. India's Trade Policy Is Working Great — for Vietnam -- Andy Mukherjee. 142. A Trade Deficit With a Babysitter -- Tim Harford. 143. The City & the City — China Miéville. 144. A Decade of Credit Collapse in India -- Harsh Vardhan. 145. The Low Productivity Trap of Collateralised Lending for MSMEs -- Harsh Vardhan. 146. Economic Learnings of India for Make Benefit Glorious Nation of Bihar -- Episode 345 of The Seen and the Unseen (w Mohit Satyanand and Kumar Anand). 147. They Stole a Bridge. They Stole a Pond -- Amit Varma. 148. Yes Minister and Yes Prime Minister -- Jonathan Lynn and Antony Jay. 149. The Right to Property — Episode 26 of The Seen and the Unseen (w Shruti Rajagopalan). 150. Episodes of The Seen and the Unseen on agriculture: 1, 2, 3, 4, 5, 6, 7, 8. 151. Some of Amit Varma's pieces on agriculture: 1, 2, 3. 152. The Crisis in Indian Agriculture — Brainstorm on Pragati. 153. Where are the Markets? — Kumar Anand. 154. Empower Women Farmers -- Mrinal Pande. 155. The Mystery of Capital — Hernando De Soto. 156. India Unbound -- Gurcharan Das. 157. In Service of the Republic — Vijay Kelkar & Ajay Shah. 158. We, The Citizens: Strengthening the Indian Republic — Khyati Pathak, Anupam Manur and Pranay Kotasthane. 159. Making Policy Fun with Khyati Pathak and Friends -- Episode 374 of The Seen and the Unseen. 160. Seeing Like a State — James C Scott. 161. Free To Choose — Milton Friedman and Rose Friedman. 162. Classical Liberalism- A Primer -- Eamonn Butler. 163. Friedrich Hayek: The ideas and influence of the libertarian economist -- Eamonn Butler. 164. Milton Friedman: A concise guide to the ideas and influence of the free-market economist -- Eamonn Butler. 165. Public Choice – A Primer -- Eamonn Butler. 166. Adam Smith – A Primer: Eamonn Butler. 167. The Clash of Economic Ideas -- Lawrence H White. 168. Just a Mercenary?: Notes from My Life and Career -- D Subbarao. 169. Who Moved My Interest Rate? -- D Subbarao. 170. Advice & Dissent: My Life in Public Service -- YV Reddy. 171. A Business History of India -- Tirthankar Roy. 172. Courage to Act: A Memoir of a Crisis and Its Aftermath -- Ben Bernanke. 173. Whole Numbers And Half Truths -- Rukmini S. 174. Fragile by Design -- Charles Calomiris and Stephen Haber. 175. Universal Man: The Seven Lives of John Maynard Keynes -- Richard Davenport-Hines. 176. A Life in Our Times -- John Kenneth Galbraith. 177. The Age of Uncertainty -- John Kenneth Galbraith. 178. Fixing the Knowledge Society -- Episode 24 of Everything is Everything. Amit's newsletter is active again. Subscribe right away to The India Uncut Newsletter! It's free! Amit Varma and Ajay Shah have launched a new video podcast. Check out Everything is Everything on YouTube. Check out Amit's online course, The Art of Clear Writing. Episode art: ‘It's Complicated' by Simahina.

Breaking the Mould: India's Untraveled Path to Prosperity is a big new book by the economists Raghuram Rajan and Rohit Lamba. The book is both a critique of India's development model as well as a manifesto for reform.Most notably, it challenges the conventional wisdom that India's primary goal should be to transform the country into a blue-collar manufacturing powerhouse. Rajan and Lamba argue that India cannot duplicate China's development model, but it has the opportunity to leapfrog by focusing higher up the value chain.To discuss the book's ideas and its policy implications, Milan is joined on the show this week by Rohit Lamba. Rohit is an economist at New York University-Abu Dhabi and will soon be joining the Economics Department at Cornell University. He's twice worked in the chief economic advisor's office in the Indian Ministry of Finance.The two discuss what the critics get right about the Indian economy, why India cannot blindly follow the Chinese model, and how India can pivot “from brawn to brain.” Plus, Rohit and Milan discuss the manufacturing versus services debate, India's inward economic turn, and what India must do to upgrade its human capital.Episode notes:1. W. Arthur Lewis, “Economic Development with Unlimited Supplies of Labour,” The Manchester School 22 (1954): 139-191.2. Rohit Lamba and Arvind Subramanian, “Dynamism with Incommensurate Development: The Distinctive Indian Model,” Journal of Economic Perspectives 34, no. 1 (2020): 3-30.3. Devesh Kapur, “Why Does the Indian State Both Fail and Succeed?" Journal of Economic Perspectives 34, no. 1 (2020): 31-54.4. Devesh Kapur, “Exit,” Seminar 677 (2015).

He is an economist with the soul of a poet. He has studied number theory and is an expert on policy. He has studied Urdu and and dreams in shairi. Rohit Lamba joins Amit Varma in episode 378 of The Seen and the Unseen to discuss economics, politics, society and our human condition. (FOR FULL LINKED SHOW NOTES, GO TO SEENUNSEEN.IN.) Also check out: 1. Rohit Lamba links at Penn State, LinkedIn, Twitter, Google Scholar, YouTube and his own website. 2. Breaking the Mould: Reimagining India's Economic Future -- Raghuram Rajan and Rohit Lamba.  3. The Broken Script -- Swapna Liddle. 4. Swapna Liddle and the Many Shades of Delhi -- Episode 367 of The Seen and the Unseen. 5. Six More Stories That Should Be Films -- Episode 43 of Everything is Everything, which includes a chapter inspired by Swapna Liddle's book. 6. Wanderers, Kings, Merchants: The Story of India through Its Languages — Peggy Mohan. 7. Understanding India Through Its Languages — Episode 232 of The Seen and the Unseen (w Peggy Mohan). 8. The Life and Times of Ira Pande -- Episode 369 of The Seen and the Unseen. 9. The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes -- Zachary D. Carter. 10. Fixing the Knowledge Society -- Episode 24 of Everything is Everything. 11. Robert Sapolsky's biology lectures on YouTube. 12. Episode of The Seen and the Unseen with Ramachandra Guha: 1, 2, 3, 4, 5, 6. 13. The Nurture Assumption — Judith Rich Harris. 14. Deepak VS and the Man Behind His Face -- Episode 373 of The Seen and the Unseen. 15. The Incredible Insights of Timur Kuran -- Episode 349 of The Seen and the Unseen. 16. Private Truths, Public Lies — Timur Kuran. 17. The Gentle Wisdom of Pratap Bhanu Mehta -- Episode 300 of The Seen and the Unseen. 18. 300 Ramayanas — AK Ramanujan. 19. Ramcharitmanas -- Tulsidas. 20. Savarkar and the Making of Hindutva -- Janaki Bakhle. 21. The Intellectual Foundations of Hindutva — Episode 115 of The Seen and the Unseen (w Aakar Patel). 22. Political Ideology in India — Episode 131 of The Seen and the Unseen (w Rahul Verma). 23. Religion and Ideology in Indian Society — Episode 124 of The Seen and the Unseen (w Suyash Rai). 24. Gita Press and the Making of Hindu India — Akshaya Mukul. 25. The Gita Press and Hindu Nationalism — Episode 139 of The Seen and the Unseen (w Akshaya Mukul). 26. India After Gandhi -- Ramachandra Guha. 27. Amitava Kumar Finds the Breath of Life — Episode 265 of The Seen and the Unseen. 28. Aadha Gaon — Rahi Masoom Raza. 29. The Rooted Cosmopolitanism of Sugata Srinivasaraju — Episode 277 of The Seen and the Unseen. 30. Postcard from Kashmir -- Agha Shahid Ali. 31. The Veiled Suite: The Collected Poems -- Agha Shahid Ali. 32. You Can Always Get There From Here -- Mark Strand. 33. Collected Poems — Mark Strand. 34. Variants of chess on chess.com. 35. The Tamilian gentleman who took on the world — Amit Varma on Viswanathan Anand. 36. The New World Upon Us — Amit Varma on Alpha Zero. 37. The Heisenberg Uncertainty Principle. 38. The History of the Planning Commission -- Episode 306 of The Seen and the Unseen (w Nikhil Menon). 39. The Life and Times of KP Krishnan -- Episode 355 of The Seen and the Unseen. 40. The Reformers -- Episode 28 of Everything is Everything. 41. Milton Friedman on Minimum Wage Laws. 42. Main Gautam Nahin Hoon -- Khalilur Rahman Azmi. 43. Lessons from Nirala's ballad for our battle with covid -- Rohit Lamba. 44. Poker and Life -- Episode 38 of Everything is Everything. 45. Range Rover — The archives of Amit Varma's column on poker for the Economic Times. 46. What is Populism? — Jan-Werner Müller. 47. The Populist Playbook -- Episode 42 of Everything is Everything. 48. The Tragedy of Our Farm Bills — Episode 211 of The Seen and the Unseen (w Ajay Shah). 49. Dynamism with Incommensurate Development: The Distinctive Indian Model -- Rohit Lamba and Arvind Subramanian. 50. List of Soviet and Russian leaders by height. 51. Narendra Modi takes a Great Leap Backwards — Amit Varma on Demonetisation. 52. Beware of the Useful Idiots — Amit Varma. 53. Number Theory. 54. Fermat's Last Theorem. 55. A Beautiful Mind -- Ron Howard. 56. The Life and Work of Ashwini Deshpande — Episode 298 of The Seen and the Unseen. 57. Dilip José Abreu: an elegant and creative economist -- Rohit Lamba. 58. The BJP Before Modi — Episode 202 of The Seen and the Unseen (w Vinay Sitapati). 59. The Forgotten Greatness of PV Narasimha Rao -- Episode 283 of The Seen and the Unseen (w Vinay Sitapati). 60. Ghummakkad Shastra -- Rahul Sankrityayan. 61. Jahnavi and the Cyclotron — Episode 319 of The Seen and the Unseen (w Jahnavi Phalkey). 62. The Looking-Glass Self. 63. Jo Bhi Main -- Song from Rockstar with lyrics by Irshad Kamil. 64. Ranjit Hoskote is Dancing in Chains — Episode 363 of The Seen and the Unseen. 65. Politically correct, passive-aggressive: How Indians in the US struggle to decode corporate speak -- Anahita Mukherji. 66. Lincoln -- Steven Spielberg. 67. The Life and Times of Montek Singh Ahluwalia — Episode 285 of The Seen and the Unseen. 68. The Economics and Politics of Vaccines — Episode 223 of The Seen and the Unseen (w Ajay Shah). 69. In Service of the Republic — Vijay Kelkar & Ajay Shah. 70. The Semiconductor Wars — Episode 358 of The Seen and the Unseen (w Pranay Kotasthane & Abhiram Manchi). 71. The Smile Curve. 72. Urban Governance in India — Episode 31 of The Seen and the Unseen (w Shruti Rajagopalan). 73. We Are Fighting Two Disasters: Covid-19 and the Indian State — Amit Varma. 74. The Child and the State in India -- Myron Weiner. 75. Where India Goes -- Diane Coffey and Deam Spears. 76. What's Wrong With Indian Agriculture? -- Episode 18 of Everything is Everything. 77. South India Would Like to Have a Word — Episode 320 of The Seen and the Unseen (w Nilakantan RS). 78. South vs North: India's Great Divide — Nilakantan RS. 79. Episodes of The Seen and the Unseen with Ashwin Mahesh: 1, 2, 3. 80. Maximum City -- Suketu Mehta. 81. Disgrace -- JM Coetzee. 82. Snow -- Pamuk. 83. Bahut Door, Kitna Door Hota Hai -- Manav Kaul. 84. Shakkar Ke Paanch Dane -- Manav Kaul.. 85. Poems: 1962–2020 -- Louise Glück. 86. Mahabharata. 87. राम की शक्ति-पूजा -- सूर्यकांत त्रिपाठी निराला. 88. Iqbal and Ahmad Faraz on Rekhta. 89. Ranjish Hi Sahi -- Ahmad Faraz. 90. Zindagi Se Yahi Gila Hai Mujhe -- Ahmad Faraz. 91. AR Rahman on Wikipedia and Spotify. This episode is sponsored by CTQ Compounds. Check out The Daily Reader and FutureStack. Use the code UNSEEN for Rs 2500 off. Amit's newsletter is explosively active again. Subscribe right away to The India Uncut Newsletter! It's free! Amit Varma and Ajay Shah have launched a new video podcast. Check out Everything is Everything on YouTube. Check out Amit's online course, The Art of Clear Writing. Episode art: ‘Pick a Tree' by Simahina.

& a start-of-the-semester academic-email-addresses-only paid-subscription sale:Key Insights:* Young whippersnappers Oks and Williams are to be commended for being young, and whippersnapperish—but we disagree with them.* Contrary to what Brad thought, the fertility transition in Africa really has resumed.* The problem of how you provide mass employment for people is different than the problem of how you increase your economy's productivity by building knowledge capital, infrastructure, and other forms of human capital. * It is important to keep those straight and distinguished in your mind.* Commodity exporting should be viewed as a distinct development strategy from industrialization, and indeed from everything else. * Sometime during the plague, Brad DeLong really did turn into a grumpy old man yelling at clouds. It's time that he should own that. * People should take another look at the pace of South and Southeast Asian economic development. It is a very different world than it was 25 years ago.* Thus if you are basing your view on memories of or on books written based on memories of how things were 25 years ago, you are going to get it wrong. BIGTIME wrong.* Only the Federal Reserve can get away with saying “it's context dependent”. All the rest of us have to put forward Grand Narratives—false as they all are—if we want to actually be useful.* HexapodiaReferences:* Bongaarts, John. 2020. "Trends in fertility and fertility preferences in sub-Saharan Africa: the roles of education and family planning programs." Genus 76: 32. * Kremer, Michael, Jack Willis, & Yang You. 2021. "Converging to Convergence." National Bureau of Economic Research, Working Paper 29484, November 2021. * Oks, David, & Henry Williams. 2022. "The Long, Slow Death of Global Development." American Affairs 6:4 (November). .* Patel, Dev, Justin Sandefur, & Arvind Subramanian. 2021. "The new era of unconditional convergence." Journal of Development Economics 152. .* Perkins, Dwight. 2021. "Understanding political influences on Southeast Asia's development experience." Fulbright Review of Economics and Policy 1, no. 1: 4-20. .* Rodrik, Dani, & Joseph E. Stiglitz. 2024. "A New Growth Strategy for Developing Nations." .* World Bank. 2023. "South Asia Development Update October 2023: Economic Outlook." .+, of course:* Vinge, Vernor. 1992. A Fire Upon the Deep. New York: TOR. . Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe

Key Insights:* Finally, at long last, over the next two generations the tide is likely to be flowing strongly toward near-universal global development...* The fear was that dehyperglobalization would rob poorer countries of their ability to develop the export comparative advantages to support the manufacturing engineering clusters they need for learning by doing, establishing a good educational system, and converging to global North standards of living...* This fear appears to have been very overblown...* Optimism about future income growth and globalization is warranted because India has more people in it than Africa: the Asia Circle from Japan to Pakistan and down to Indonesia and up to Mongolia is and always has been half the human race. And South Asia and Southeast Asia are now in gear...* As long as dealing with global warming does not absorb too many of the resources that could otherwise be devoted to income growth...* This is true even though the great wave of increasing international trade intensity and integration that began in 1945 came to an end in 2008...* Even so, since 2008 there has still been increasing global integration in the flow of ideas and the growing interdependence of value chains...* A substantial part of the post-2008 reversal of globalization was partially due to China onshoring its supply chains—the pre-2008 situation in which China's manufacturing knowledge was vastly behind its manufacturing intensity was highly unstable...* This, however, hinges sufficient state capacity—which is not just the ability to do infrastructure and reorganize your economy, but also have people's stuff not get stolen from them either by local thieves or by government functionaries...* Distributional issues are another potential key blockage—the benefits of technological change flow to the global north, or to a small predatory internal élite, or the market economy's distribution goes spontaneously awry...* But there is the question of how much distribution matters in a rich world where few are starving—matters for social power, yes, and for whatever happinesses flow from that, but does distribution matter otherwise?* Countries in the Middle East, Africa, and Latin America may be stubborn development problems for generations, however...* That beside, the basic mission of industrialization to uplift the human world out of poverty is likely to be complete by 2050 if we are lucky, by 2100 if we are not...* There is good reason to think that the next generation will be for the world better and more impressive than the last generation. And the last generation was, on a world scale, you know, better and more impressive than was the post-WWII Thirty Glorious Years in the North Atlantic...* Future guests, possibly?: Dietz Vollrath, Arvind Subramanian, Charlie Stross...References:* Fourastié, Jean. 1979. Les Trente Glorieuses, ou la révolution invisible de 1946 à 1975. Paris: Fayard. .* Subramanian, Arvind, Martin Kessler, & Emanuele Properzi. 2023. "Trade Hyperglobalization is Dead. Long Live...?" Peterson Institute for International Economics Working Paper, No. 23-11. .* Stross, Charles. 2005. Accelerando. New York: Ace Books. * Vollrath, Dietrich. 2020. Fully Grown: Why a Stagnant Economy Is a Sign of Success. Chicago: University of Chicago Press. .+, of course:* Vinge, Vernor. 1992. A Fire Upon the Deep. New York: TOR. . Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe

India has travelled a long way in the last few decades -- and one man had an inside view of the whole process, shaping policy and trying to fix the nation. KP Krishnan joins Amit Varma in episode 355 of The Seen and the Unseen to talk about his extraordinary life and learnings. (FOR FULL LINKED SHOW NOTES, GO TO SEENUNSEEN.IN.) Also check out: 1. KP Krishnan at Centre for Policy Research.. 2. KP Krishnan interviewed in CPR Perspectives by Rohan Venkat: Part 1, Part 2. 3. Episodes of The Seen and the Unseen with Ajay Shah: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13. 4. The Importance of the 1991 Reforms — Episode 237 of The Seen and the Unseen (w Shruti Rajagopalan and Ajay Shah). 5. India's Lost Decade — Episode 116 of The Seen and the Unseen (w Puja Mehra). 6. The Forgotten Greatness of PV Narasimha Rao — Episode 283 of The Seen and the Unseen (w Vinay Sitapati). 7. The Life and Times of Montek Singh Ahluwalia — Episode 285 of The Seen and the Unseen. 8. India's Massive Pensions Crisis -- Episode 347 of The Seen and the Unseen (w Ajay Shah & Renuka Sane). 9. Taking Stock of Our Economy (May 2021) — Episode 227 of The Seen and the Unseen (w Ila Patnaik). 10. What a Long Strange Trip It's Been — Episode 188 of The Seen and the Unseen (w Arvind Subramanian). 11. Josh Felman Tries to Make Sense of the World -- Episode 321 of The Seen and the Unseen. 12. The Tragedy of Our Farm Bills — Episode 211 of The Seen and the Unseen (w Ajay Shah). 13. The Art and Science of Economic Policy — Episode 154 of The Seen and the Unseen (w Vijay Kelkar & Ajay Shah). 14.  In Service of the Republic — Vijay Kelkar & Ajay Shah. 15. The Steady Determination of Yamini Aiyar — Episode 341 of The Seen and the Unseen. 16. The Lost Decade -- Puja Mehra. 17. Why Freedom Matters — Episode 10 of Everything is Everything, hosted by Amit Varma and Ajay Shah. 18. Episodes of The Seen and the Unseen with Ramachandra Guha: 1, 2, 3, 4, 5. 19. Ivan Menezes (1959-2023): A personal recollection of his journey -- Arvind Subramanian. 20. College pedigree, daddy's name, BBC accent no longer golden ticket. India has a growing new elite -- Shekhar Gupta. 21. Memoirs of a Maverick -- Mani Shankar Aiyar. 22. Why Talent Comes in Clusters -- Episode 8 of Everything is Everything, hosted by Amit Varma and Ajay Shah. 23. KM Nanavati v. State of Maharashtra. 24. Rustom -- Tinu Suresh Desai. 25. Kesavananda Bharati v. The State of Kerala Who Wins? -- PK Tripathi. 26. The Rooted Cosmopolitanism of Sugata Srinivasaraju — Episode 277 of The Seen and the Unseen. 27. The China Model is Broken -- Episode 16 of  Everything is Everything, hosted by Amit Varma and Ajay Shah. 28. Early Indians — Episode 112 of The Seen and the Unseen (w Tony Joseph). 29. Early Indians — Tony Joseph. 30. Who We Are and How We Got Here — David Reich. 31. The Incredible Insights of Timur Kuran -- Episode 349 of The Seen and the Unseen. 32. The Gita Press and Hindu Nationalism — Episode 139 of The Seen and the Unseen (w Akshaya Mukul). 33. Gita Press and the Making of Hindu India -- Akshaya Mukul. 34. Hindi Against India: The Meaning of DMK -- Mohan Ram. 35. Governments across the world are discovering “homeland economics” -- Callum Williams. 36. Living Two Lives in Digital India -- Santosh Desai. 37. Rahul Matthan on Twitter, Amazon, LinkedIn and Trilegal. 38. Climate Change and Our Power Sector — Episode 278 of The Seen and the Unseen (w Akshay Jaitley and Ajay Shah). 39. Ashutosh Salil and the Challenge of Change — Episode 312 of The Seen and the Unseen. 40. Vishnu Sahasranamam - MS Subbulakshmi. 41. Foyle's War -- Created by Anthony Horowitz. 42. Fixing Indian Education — Episode 185 of The Seen and the Unseen (w Karthik Muralidharan). 43. Understanding Indian Healthcare — Episode 225 of The Seen and the Unseen (w Karthik Muralidharan). 44. Karthik Muralidharan Examines the Indian State — Episode 290 of The Seen and the Unseen. 45. The Percy Mistry Report. 46. The Great Redistribution — Amit Varma. 47. The Logic of Collective Action — Mancur Olson. 48. The Alchemy of Finance — George Soros. 49. Amid 2008 meltdown, how short-selling survived a ban --  P Vaidyanathan Iyer. 50. Our Parliament and Our Democracy — Episode 253 of The Seen and the Unseen (w MR Madhavan). 51. Most of Amit Varma's writing on Demonetisation, collected in one Twitter thread. 52. We Also Make Policy -- Subhash Chandra Garg. 53. Parkinson's Law. 54. Shashank Subramanyam, N Ramani and RK Srikantan on Spotify. 55. The Truth Pill -- Dinesh Thakur and Prashant Reddy. 56. The Dark Side of Indian Pharma — Episode 245 of The Seen and the Unseen (w Dinesh Thakur). 57. The Third Way: India's Revolutionary Approach to Data Governance -- Rahul Matthan. 58. Whole Numbers And Half Truths -- Rukmini S. 59. The Importance of Data Journalism — Episode 196 of The Seen and the Unseen (w Rukmini S). 60. Rukmini Sees India's Multitudes — Episode 261 of The Seen and the Unseen (w Rukmini S). 61. VP Menon: The Unsung Architect of Modern India -- Narayani Basu. 62. India's Greatest Civil Servant — Episode 167 of The Seen and the Unseen (w Narayani Basu, on VP Menon). Amit Varma and Ajay Shah have launched a new video podcast. Check out Everything is Everything on YouTube. Check out Amit's online course, The Art of Clear Writing. And subscribe to The India Uncut Newsletter. It's free! Episode art: ‘A Civil Servant' by Simahina.

Programming Note: This is the very last episode of Season Nine of Grand Tamasha. As is our usual, we are going to take July and August off to recharge our batteries. We will be back in September with our tenth season of podcasts, and we're excited about the conversations we have planned for the Fall. Some of our listeners may recall way back in February 2020—the month before the world came to a standstill—Milan sat down with the journalistPramit Bhattacharyato discuss the unfolding crisis in Indian economic data. Pramit returns to the show today to discuss a new report that he's just published with Carnegie titled, “India's Statistical System: Past, Present, Future.”Pramit's new report is the single-best resource on the trials and tribulations of India's data machinery. It contains the kind of straight-ahead reporting and analysis that people have come to expect from Pramit, who writes the “Truth, Lies, and Statistics” column forMintand the “Simply Economics” column for theHindustan Times.Milan and Pramit discuss why it is both the best and worst of times for data users in India, how India squandered its competitive advantage in statistical data, and just exactly what today's data crisis means for the average Indian. Plus, the two discuss Pramit's ideas for overhauling the system. Episode notes:“Pramit Bhattacharya on the Crisis in India's Economic Data,”Grand Tamasha, February 12, 2020.Arvind Subramanian, “India's GDP Mis-estimation: Likelihood, Magnitudes, Mechanisms, and Implications,” Harvard Kennedy School Working Paper, June 2019.Pramit Bhattacharya, “How India's Statistical System Was Crippled,”Mint, May 7, 2019.Pramit Bhattacharya, “Make our statistics credible again,”Mint, January 3, 2022.

He's a renowned economist, he's worked in the IMF, he's an Asia specialist and he loves India. Josh Felman joins Amit Varma in episode 321 of The Seen and the Unseen to talk about his life, his times, and all that he has learnt about economics and human beings. This episode is co-hosted by Ajay Shah. (FOR FULL LINKED SHOW NOTES, GO TO SEENUNSEEN.IN.) Also check out: 1. Josh Felman on Twitter, Project Syndicate, JH Consulting and The Marginal Economist. 2. Why India Can't Replace China -- Arvind Subramanian and Josh Felman. 3. Three Globalization Shocks Could Hurt China and Help India -- Arvind Subramanian and Josh Felman. 4. India's Size Illusion -- Arvind Subramanian and Josh Felman. 5. India's Stalled Rise --  Arvind Subramanian and Josh Felman. 6. Are Intellectuals Killing Convergence? -- Arvind Subramanian and Josh Felman. 7. The Art and Science of Economic Policy — Episode 154 of The Seen and the Unseen (w Vijay Kelkar & Ajay Shah) 8. In Service of the Republic — Vijay Kelkar & Ajay Shah.. 9. Episodes of The Seen and the Unseen with Ajay Shah: 1, 2, 3, 4, 5, 6, 7, 8. 10. The Importance of the 1991 Reforms — Episode 237 of The Seen and the Unseen (w Shruti Rajagopalan and Ajay Shah). 11. The Forgotten Greatness of PV Narasimha Rao — Episode 283 of The Seen and the Unseen (w Vinay Sitapati). 12. The Life and Times of Montek Singh Ahluwalia — Episode 285 of The Seen and the Unseen. 13. What a Long Strange Trip It's Been — Episode 188 of The Seen and the Unseen (w Arvind Subramanian). 14. India's Lost Decade — Episode 116 of The Seen and the Unseen (w Puja Mehra). 15. Demystifying GDP — Episode 130 of The Seen and the Unseen (w Rajeswari Sengupta). 16. Pandemonium in India's Banks — Episode 212 of The Seen and the Unseen (w Tamal Bandyopadhyay.) 17. The State of Our Economy (Nov 2021) -- Episode 252 of The Seen and the Unseen (w Puja Mehra and Mohit Satyanand.) 18. Taking Stock of Our Economy (May 2021) — Episode 227 of The Seen and the Unseen (w Ila Patnaik). 19. The Indian Economy in 2019 — Episode 153 of The Seen and the Unseen (w Vivek Kaul). 20. Two Economic Crises (2008 & 2019) — Episode 135 of The Seen and the Unseen (w Mohit Satynanand). 21. The Long Road From Neeyat to Neeti -- Episode 313 of The Seen and the Unseen (w Pranay Kotasthane and Raghu S Jaitley). 22. Rukmini Sees India's Multitudes — Episode 261 of The Seen and the Unseen (w Rukmini S). 23. The Importance of Data Journalism — Episode 196 of The Seen and the Unseen (w Rukmini S). 24. Pramit Bhattacharya Believes in Just One Ism — Episode 256 of The Seen and the Unseen. 25. Elite Imitation in Public Policy — Episode 180 of The Seen and the Unseen (w Shruti Rajagopalan and Alex Tabarrok). 26. Maya on IMDb and Wikipedia. 27. The Refreshing Audacity of Vinay Singhal — Episode 291 of The Seen and the Unseen. 28. Stage.in. 29. Why Smart People Believe Stupid Things -- Gurwinder. 30. The Fall of Rome and the End of Civilization --  Bryan Ward-Perkins. 31. Richard Clarida and Thomas Laubach. 32. Thomas Laubach remembered by Ila Patnaik and Ajay Shah. 33. Parkinson's Law — C Northcote Parkinson. 34. That Which is Seen, and That Which is Not Seen — Frédéric Bastiat. 35. A History of European Morals — WEH Lecky. 36. I, Pencil — Leonard Read. 37. SPQR: A History of Ancient Rome — Mary Beard. 38. Mussolini: A Biography — Dennis Mack Smith. 39. Mussolini — RJB Bosworth. 40. The Great Dictator — Charlie Chaplin. 41. The chair-raising scene between Adenoid Hynkel and Benzino Napaloni. 42. Far Far Away on IMDb and Wikipedia — Amos Why. Check out Amit's online course, The Art of Clear Writing. And subscribe to The India Uncut Newsletter. It's free! Episode art: ‘A Man, A Dog and the World' by Simahina.

India is in bad shape. Bad economics is one reason why. Economists Rajeswari Sengupta and Shrayana Bhattacharya join Amit Varma in episode 274 of The Seen and the Unseen to take stock of the mess. You don't like dissent? Too bad. We're Bongs, and you cannot shut us up. Also check out: 1. Shrayana Bhattacharya on Twitter, Instagram and Google Scholar. 2. Rajeswari Sengupta on Google Scholar and her own site. 3. Demystifying GDP -- Episode 130 of The Seen and the Unseen (w Rajeswari Sengupta). 4. Twelve Dream Reforms -- Episode 138 of The Seen and the Unseen (w Shruti Rajagopalan, Rajeswari Sengupta & Vivek Kaul). 5. The Loneliness of the Indian Woman -- Episode 259 of The Seen and the Unseen (w Shrayana Bhattacharya). 6. Desperately Seeking Shah Rukh -- Shrayana Bhattacharya. 7. The Importance of the 1991 Reforms — Episode 237 of The Seen and the Unseen (w Shruti Rajagopalan and Ajay Shah). 8. India's Lost Decade — Episode 116 of The Seen and the Unseen (w Puja Mehra). 9. The Lost Decade — Puja Mehra. 10. The Art and Science of Economic Policy — Episode 154 of The Seen and the Unseen (w Vijay Kelkar & Ajay Shah). 11. Rukmini Sees India's Multitudes -- Episode 261 of The Seen and the Unseen (w Rukmini S). 12. The State of Our Economy (Nov 2021) -- Episode 252 of The Seen and the Unseen (w Puja Mehra and Mohit Satyanand.) 13. Taking Stock of Our Economy (May 2021) — Episode 227 of The Seen and the Unseen (w Ila Patnaik). 14. Two Economic Crises (2008 & 2019) — Episode 135 of The Seen and the Unseen (w Mohit Satynanand). 15. The Indian Economy in 2019 — Episode 153 of The Seen and the Unseen (w Vivek Kaul). 16. Episodes of The Seen and the Unseen with Ajay Shah (in reverse chronological order): 1, 2, 3, 4, 5, 6, 7. 17. Everything That Was Broken -- Mary Oliver (from Felicity). 18. I Boiled My Buttocks for a Week -- Amit Varma on how we normalize everything. 19. Dekalog -- Krzysztof Kieślowski. 20. What the Economy Needs Now -- Various authors. 21. Beware of the Useful Idiots -- Amit Varma. 22. Episodes of The Seen and the Unseen on the creator ecosystem with Roshan Abbas, Varun Duggirala, Neelesh Misra, Snehal Pradhan, Chuck Gopal, Nishant Jain and Deepak Shenoy. 23. The Anti-Defection Law — Episode 13 of The Seen and the Unseen (w Barun Mitra). 24. Our Parliament and Our Democracy -- Episode 253 of The Seen and the Unseen (w MR Madhavan). 25. Urban Governance in India -- Episode 31 of The Seen and the Unseen (w Shruti Rajagopalan). 26. Emergent Ventures. 27. India's Problem is Poverty, Not Inequality -- Amit Varma. 28. On Inequality -- Harry Frankfurt. 29. We Must Save Our Farmers — Amit Varma. 30. Episodes of The Seen and the Unseen on agriculture (in reverse chronological order): 1, 2, 3, 4, 5, 6, 7, 8. 31. Intent to Implementation : Tracking India's Social Protection Response to COVID-19 -- Shrayana Bhattacharya and Sutirtha Sinha Roy. 32. On the Internet, nobody knows you're a dog. 33. Modi's Lost Opportunity — Episode 119 of The Seen and the Unseen (w Salman Soz). 34. Most of Amit Varma's writing on DeMon, collected in one Twitter thread. 35. What a Long Strange Trip It's Been — Episode 188 of The Seen and the Unseen (w Arvind Subramanian). 36. The Median Voter Theorem. 37. The 'bloated and grotesque' tweet by @mrjohndarby. 38. ASER, CMIE and SWAN. 39. The Billion Prices Project. 40. Pramit Bhattacharya Believes in Just One Ism — Episode 256 of The Seen and the Unseen. 41. In Bollywood, women get screen time but very little talk time -- Mohua Das. 42. A Woman, Thinking -- Paromita Vohra. 43. Lost in the Shallows -- Amit Varma on Dear Zindagi. 44. The Life and Times of Mrinal Pande -- Episode 263 of The Seen and the Unseen. 45. Mrinal Pande's pieces for Pragati on women in Indian agriculture: 1, 2. This episode is sponsored by CTQ Compounds. Check out The Daily Reader and FutureStack. Use the code UNSEEN for Rs 2500 off. Check out Amit's online course, The Art of Clear Writing. And subscribe to The India Uncut Newsletter. It's free!

Arvind Subramanian, senior fellow at Brown University's Watson Institute and Center for Contemporary South Asia, and former chief economic advisor to the Government of India, talks with host David Dollar about a range of trade and foreign relations issues India faces. In particular, he explains why globalization is shifting in India's favor rather than China's, how India views trade relations with China, Russia, and the West, and prospects for continued good relations with the United States, especially as India takes a more neutral stance on Russia's war against Ukraine. Show notes and transcript: https://brook.gs/3xutMEm  Dollar & Sense is part of the Brookings Podcast Network. Send feedback to podcasts@brookings.edu, and follow us on Twitter at @policypodcasts.  

In this episode, Arvind Subramanian joins Suyash Rai to discuss the rise and fall of India's economic growth. The pandemic has been costly for the Indian economy, delaying India's journey to prosperity by at least two years. But even before the pandemic, India's economy wasn't necessarily in the best shape. The official GDP estimates show a sharp slowdown since 2017, and investments and exports--the major drivers of growth--have been sluggish through much of the decade preceding the pandemic. How can we assess India's economic growth? Which indicators and factors are the most useful? What are some of the challenges and opportunities that India faces today? Arvind Subramanian is the Former Chief Economic Advisor to the Government of India, having served between 2014 and 2018. He is currently a Senior Fellow at the Watson Institute for International and Public Affairs at Brown University. Previously, he served as Professor of Economics at Ashoka University and a Senior Fellow at the Peterson Institute for International Economics and Center for Global Development. He is a widely cited expert on the economics of India, China, and the changing balance of global economic power. Suyash Rai is Deputy Director and a Fellow at Carnegie India. His research focuses on the political economy of economic reforms and the performance of public institutions in India.Further Reading:Understanding Economic Development: A Reading List by Arvind SubramanianIndia's Turn: Understanding the Economic Transformation by Arvind SubramanianOf Counsel: The Challenges of the Modi-Jaitley Economy by Arvind SubramanianBudget 2021: The Ghosts of the Past, Present and Future  by Suyash Rai

The Centre for Global Development claims that excess deaths in India are ten times higher than normal, meaning the death toll from coronavirus could be in the millions, rather than the official estimate of around 400,000. We hear from Arvind Subramanian, one of the study's authors; he's a former chief economic adviser to the Indian Prime Minister Narendra Modi. New York's attorney general has reached a $1.1bn settlement with a number of pharmaceutical firms over their alleged role in the prescription opioid epidemic. We hear more from Carl Tobias, a Professor of Law at the University of Richmond. As Amazon's Jeff Bezos blasts to space on his rocket, we look at the space tourism race. Bezos's Blue Origin joins Elon Musk and Richard Branson in the club of very rich people with big ambitions on the rest of the universe, and Dr Maggie Lieu, an astrophysicist at Nottingham University, brings us the background. Plus, our regular workplace commentator, Peter Morgan, considers the future of work after the pandemic, in a world where there is a difference between what boardrooms want, and what workers aspire to. Plus, we're joined throughout the programme by Hayley Woodin, executive editor of Business in Vancouver, and in New Delhi, we're joined by Sushma Ramachandran an independent business journalist and columnist for The Tribune newspaper. (Picture a health worker inoculates a man with a Covid-19 vaccine in Ahmedabad. Photo by Sam Panthaky via Getty Images).

The former chief economic advisor to India's government on how climate policy has become disconnected from energy needs of poorer countries, the politics of India's electrical tariffs and why he thinks renewable energy has yet to be proven economically viable there.

The Indian economy has been going downhill for a decade now. How has Covid-19 affected it? Ila Patnaik joins Amit Varma in episode 227 of The Seen and the Unseen to take stock of where we are today, and where we go from here. Also check out: 1. Ila Patnaik at NIPFP, The Print, YouTube, Indian Express & Business Standard. 2. Asia Confronts the Impossible Trinity -- Ila Patnaik & Ajay Shah. 3. The Economics and Politics of Vaccines -- Episode 223 of The Seen and the Unseen (w Ajay Shah). 4. The Tragedy of Our Farm Bills -- Episode 211 of The Seen and the Unseen (w Ajay Shah). 5. The Art and Science of Economic Policy -- Episode 154 of The Seen and the Unseen (w Vijay Kelkar & Ajay Shah). 6. In Service of the Republic -- Vijay Kelkar and Ajay Shah. 7. India’s Lost Decade -- Episode 116 of The Seen and the Unseen (w Puja Mehra). 8. The Lost Decade -- Puja Mehra. 9. What a Long Strange Trip It’s Been -- Episode 188 of The Seen and the Unseen (w Arvind Subramanian). 10. The Fight of the Central Banker -- Episode 193 of The Seen and the Unseen (w Viral Acharya). 11. Pandemonium in India’s Banks -- Episode 212 of The Seen and the Unseen (w Tamal Bandyopadhyay.) 12. Demystifying GDP -- Episode 130 of The Seen and the Unseen (w Rajeswari Sengupta). 13. The Indian Economy in 2019 -- Episode 153 of The Seen and the Unseen (w Vivek Kaul). 14. Two Economic Crises (2008 & 2019) -- Episode 135 of The Seen and the Unseen (w Mohit Satyanand). 15. Twelve Dream Reforms -- Episode 138 of The Seen and the Unseen (w Shruti Rajagopalan, Rajeswari Sengupta and Vivek Kaul.) 16. The Seen and the Unseen episodes on Demonetisation and GST. 17.  Most of Amit Varma’s writing on DeMon, collected in one Twitter thread.   18. Understanding Indian Healthcare -- Episode 225 of The Seen and the Unseen (w Karthik Muralidharan). 19. Women at Work -- Episode 132 of The Seen and the Unseen (w Namita Bhandare). 20. Past episodes of The Seen and the Unseen on Covid-19, featuring (in reverse chronological order) Ashwin Mahesh, Gautam Menon, Ajay Shah, Anirban Mahapatra, Ruben Mascarenhas, Chinmay Tumbe, Rukmini S, Vaidehi Tandel, Vivek Kaul, Anup Malani and Shruti Rajagopalan. 21. India’s Problem is Poverty, Not Inequality -- Amit Varma. 22. Anup Malani on India’s COVID Second Wave — Episode 13 of Season 5 of Grand Tamasha, hosted by Milan Vaishnav. 23. Seeing Like a State -- James C Scott. 24. Milton Friedman and PJ O'Rourke on Amazon. Please subscribe to The India Uncut Newsletter. It’s free! And check out Amit’s online course, The Art of Clear Writing.

It was Parsi New Year yesterday! On this occasion, Cyrus has fellow Bawa and hilarious comedian Neville Shah, along with Amit and Silverie (Antariksh) on the show. They talk about Navroz, what they ate on the occasion, and get into some news topics like the World Happiness Report 2021 and India being 139th on it, much behind most of our neighbouring countries, China and its new travel regulations regarding the Chinese COVID-19 vaccine, accomplished academicians - political analyst Pratap Bhanu Mehta and economist Arvind Subramanian - resigning as faculty members of Ashoka University in Haryana, and lots more. The panel also talks about some of their favourite stand-up comedians, so don't miss that.Follow Neville on Twitter & Instagram: craziebawa and https://instagram.com/nevilleshahYou can follow Amit on Instagram & Twitter @DoshiAmit: doshiamit and https://instagram.com/doshiamitYou can follow Antariksh on Instagram @antariksht: https://instagram.com/antarikshtDo send in AMA questions for Cyrus by tweeting them to @cyrussaysin or e-mailing them at whatcyrussays@gmail.comDon't forget to follow Cyrus Broacha on Instagram @BoredBroacha (https://www.instagram.com/boredbroacha)In case you're late to the party and want to catch up on previous episodes of Cyrus Says you can do so at: www.ivmpodcasts.com/cyrussaysYou can listen to this show and other awesome shows on the new and improved IVM Podcasts App on Android: https://ivm.today/androidor iOS: https://ivm.today/ios

For 200 years—from 1800 to 2000—first the Industrial Revolution Age and next the Modern Economic Growth Age rolled forward, bringing previously unimaginable wealth to the global north. And the global south fell further and further behind. Don’t get us wrong—life expectancy, nutrition standards, and material well-being in 2000 were all much higher in the global south in 2000 than in 1800. But the proportional gap vis-a-vis the global north had grown to staggering and awful proportions that were a scandal, a disgrace, and a crime. But since 2000 the worm may have turned: now it looks as though the global south—virtually the entire global south—is now “converging” and catching up to the global north.References:William Baumol (1986): Productivity, Convergence, & Welfare: What the Long-Run Data Show J. Bradford DeLong (1988): Productivity, Convergence, & Welfare: Comment Paul Krugman (1991): _ Increasing Returns and Economic Geography_ Lant Pritchett (1997): Divergence, Big Time Masahisa Fujita, Paul Krugman, & Anthony J. Venables (1999): The Spatial Economy: Cities, Regions, & International TradeAlberto Alesina, William Easterly, & Janina Matuszeski (2009): Artificial States Joe Studwell (2013): How Asia Works: Success and Failure In the World's Most Dynamic Region Noah Smith (2021): _All Futurism is Afrofuturism Dev Patel, Justin Sandefur, & Arvind Subramanian (2021): The New Era of Unconditional Convergence Michael Kremer, Jack Willis, & Yang You (2021): Converging to Convergence Noah Smith: Checking in on the Global South: ‘Developing countries are catching up, but not evenly… LINK: Twirlip of the Mists: Hexapodia as the Key InsightVernor Vinge: A Fire Upon the Deep Vernor Vinge: A Deepness in the Sky Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe

In September 2020, Indian lawmakers approved three controversial agriculture bills amidst an uproar on the floor of Parliament. That uproar would soon manifest outside of Parliament as tens of thousands of farmers took to the streets on the outskirts of Delhi to protest the passage of these laws. Today, the government and the farmers are locked in a months-long standoff, with everyone from the Supreme Court to foreign governments weighing in on the confrontation.  To discuss the farm laws—the motivations behind them, their likely consequences, and the political fallout—Milan sits down with two experts on Indian agriculture, Shoumitro Chatterjee of Penn State University and Mekhala Krishnamurthy of Ashoka University and the Centre for Policy Research.  The three discuss the state of Indian agriculture, the motivations behind the new laws, the anxieties that have fueled the protests, and possible compromises that can resolve the current impasse. If you have been watching the protests in India unfold but are struggling to make sense of them, this episode will help you fill in the blanks.  Episode notes: Shoumitro Chatterjee, Mekhala Krishnamurthy, Devesh Kapur, and Marshall M. Bouston, “A Study of the Agricultural Markets of Bihar, Odisha and Punjab”Yamini Aiyar and Mekhala Krishnamurthy, “On Farm Laws, How the Centre Faltered”Mekhala Krishnamurthy, “Modi govt can bring real agriculture reforms only by working with states”Shoumitro Chhatterjee and Mekhala Krishnamurthy, “Farm laws: First principles and the political economy of agricultural market regulation”Bharat Ramaswami, “Constituency for reforms in BJP-ruled states can disprove fears that farm laws are a corporate plot”Shoumitro Chatterjee and Arvind Subramanian, “India’s Export-Led Growth: Exemplar and Exception”

With interest rates at all-time lows, these are tricky times for fixed income (debt) investors. The consensus view seems to be that we are done with the rate cut cycle and the RBI may gradually start increasing rates. Most debt fund categories have delivered handsome returns in the past 2-3 years given the series of rate cuts. But if the rates start increasing, investors will have to moderate their return expectations. Given this backdrop, a lot of people have started talking about floating rate funds and how investors can use them in a rising rate environment. But the reality is that it is not quite that simple. Coincidentally, IDFC Mutual Fund has just launched its floating rate fund. So, we caught up with Arvind Subramanian, fund manager & head of credit research at IDFC Asset Management to learn how these floating rate funds work and if how investors should think of them in a rising rate environment. In this conversation Arvind talks about: How his journey in the markets began The current Indian interest environment What are floating rate funds? How do they work What are interest rate swaps and how are they used to create synthetic floating rate bonds Investment universe of floating rate funds Role of a fund manager How floating rates perform in rising and falling rate environments Whether floating rate funds are a perfect hedge for rising rates Where does a floating rate fund fit in a debt asset allocation framework? Risks in these funds Return expectations His personal investing philosophy and how he invests We also highly recommend you listen to this conversation with Suyash Choudhary of IDFC Mutual Fund on how to get your asset allocation right when investing in debt funds. This conversation perfectly compliments the conversation with Arvind on floating rate funds. If you have any questions about floating rate funds or debt funds, do post them here. We'd love to hear your thoughts on this conversation. Hit us up on Twitter.

On Monday, the Indian Finance Minister Nirmala Sitharaman presented one of the most highly anticipated Indian budgets in recent memory. Facing a global health pandemic, a severe economic slowdown, and continued anxieties over inflation, some commentators argued that this budget was not simply the most important of the Modi government’s tenure, it was one of the most important in three decades.   To breakdown this year’s budget and to kick off the fifth season of Grand Tamasha, Milan was joined by Sukumar Ranganathan, editor in chief of the Hindustan Times. Sukumar and Milan break down the nuts and bolts of the budget—from spending priorities to the fiscal deficit and the government’s ambitious plans for disinvestment. The two also discuss the government’s broader economy strategy, including India’s continued inward turn on trade.  Episode notes: Editorial, “What Union Budget 2021-2011 Gets Right,” Hindustan Times.Roshan Kishore, “Where the Budget Gets India’s Economy Wrong,” Hindustan Times.Yamini Aiyar, “Decoding the Budget and the Economics of Welfare,” Hindustan Times.Shoumitro Chatterjee and Arvind Subramanian, “India’s Inward (Re)Turn: Is it Warranted? Will it Work?”  

As our cities are growing, our citizens are growing apathetic. Can we reassert our rights and reform our governance? Ashwin Mahesh joins Amit Varma in episode 198 of The Seen and the Unseen for a wide-ranging conversation on urban governance, citizenship, education and much more. Also check out: 1. Participatory Democracy -- Episode 160 of The Seen and the Unseen (w Ashwin Mahesh). 2. Ashwin Mahesh's website. 3. A New, Urban India -- Ashwin Mahesh. 4. The Publicly Managed City -- Ashwin Mahesh. 5. The tweets by Sabyasachi Kar and Naval Ravikant. 6. Tiago Forte's Second Brain, & videos on Roam Research by Thomas Frank & Ali Abdaal. 7. Fixing Indian Education -- Episode 185 of The Seen and the Unseen (w Karthik Muralidharan). 8. Our Unlucky Children (2008) -- Amit Varma. 9. The Element -- Ken Robinson. 10. Urban Governance in India -- Episode 31 of The Seen and the Unseen (w Shruti Rajagopalan). 11. Reforming Urban Governance -- Episode 48 of The Seen and the Unseen (w V Ravichandar). 12. Is India a Flailing State? -- Lant Pritchett. 13. We Are Fighting Two Disasters: Covid-19 and the Indian State -- Amit Varma. 14. Prisoners of Geography -- Tim Marshall. 15. The Importance of Cities -- Episode 108 of The Seen and the Unseen (w Reuben Abraham & Pritika Hingorani.) 16. The Power Broker -- Robert Caro. 17. The Death and Life of Great American Cities -- Jane Jacobs. 18. A Life in Indian Politics -- Episode 149 of The Seen and the Unseen (w JP Narayan). 19. What a Long Strange Trip It’s Been -- Episode 188 of The Seen and the Unseen (w Arvind Subramanian). And do check out Amit’s online courses, The Art of Clear Writing and The Art of Podcasting.

A wide ranging discussion with Dr. Arvind Subramanian, nonresident senior fellow at the Peterson Institute for International Economics and former chief economic advisor to the Government of India (2014-18). We talk about the risks to global growth, from deglobalisation to job-replacing technologies, independent of the damage from the ongoing pandemic. From climate change to the need for basic public goods to support growth, Arvind assesses the imperatives and tradeoffs. Arvind also shares his deep knowledge on China and India, about their fundamental trends, existing macro constraints, opportunities lost, and remaining potential. Arvind firmly believes that basic economic laws cannot be defied, but at the same time he draws insights from cutting edge research and eschews dogmatism. Fascinating conversation. See omnystudio.com/listener for privacy information.

In normal times, cities are an engine of prosperity. In these strange times, they are also an engine of pandemic. Vaidehi Tandel joins Amit Varma in episode 191 of The Seen and the Unseen to discuss how important cities are to civilisation, and how Covid-19 will affect the way we live. Also check out: 1. COVID-19 a Grim Reminder for Govts -- Vaidehi Tandel. 2. Don’t Blame Dense Cities. They Have Been Resilient -- Reuben Abraham and Vaidehi Tandel. 3. Why India Has the Fastest-Growing Cities -- Kadambari Shah, Vaidehi Tandel and Harshita Agarwal. 4. Cities and Pandemics Have a Long History -- Edward L Glaeser 5. A World of Cities: The Causes and Consequences of Urbanisation in Poorer Countries -- Edward L Glaeser. 6.  Cities After Coronavirus: How Covid-19 Could Radically Alter Urban Life -- Jack Shenker.   7.  Spatial Economics: The Declining Cost of Distance -- Karen Harris, Andrew Schwedel and Austin Kimson.   8. Triumph of the City -- Edward L Glaeser. 9. Order Without Design – How Markets Shape Cities -- Alain Bertaud. 10. The Importance of Cities -- Episode 108 of The Seen and the Unseen (w Reuben Abraham & Pritika Hingorani.) 11. The Seen and the Unseen episodes with Alex Tabarrok on FSI and Rent Control. 12. Urban Governance in India -- Episode 31 of The Seen and the Unseen (w Shruti Rajagopalan). 13. Taking Stock of Covid-19 -- Episode 169 of The Seen and the Unseen (w Shruti Rajagopalan). 14. The Nuances of Lockdown -- Episode 176 of The Seen and the Unseen (w Anup Malani). 15. India’s Economy in the Time of Covid-19 -- Episode 177 of The Seen and the Unseen (w Vivek Kaul). 16. Fixing Indian Education -- Episode 185 of The Seen and the Unseen (w Karthik Muralidharan). 17. What a Long Strange Trip It’s Been -- Episode 188 of The Seen and the Unseen (w Arvind Subramanian). 18. Rajesh Jain and Dhan Vapasi -- Episode 94 of The Seen and the Unseen (w Rajesh Jain). 19. Publish and Perish -- Agnes Callard. 20. Young Rural Women in India Chase Big-City Dreams -- Ellen Barry. 21. We Are Fighting Two Disasters: Covid-19 and the Indian State -- Amit Varma.

The IPL starts this weekend. It is much more than a tamasha. It saved and revitalized cricket. In episode 14 of Econ Central, Amit Varma and Vivek Kaul turn the economic lens towards cricket and cricket strategy. Also check out: 1. Opportunity, Choice and the IPL (2008)  — Amit Varma. 2. Tractatus Logico-Philosophicus  — Ludwig Wittgenstein. 3. What Cricket Can Learn From Economics (2016) — Amit Varma. 4. The Lesson From This IPL: Front-Load Your Innings (2014) -- Amit Varma. 5. The Tamasha All Purists Should Love (2018) -- Amit Varma. 6. The Winning Mantra for This IPL: Attack, Attack, Attack (2017) -- Amit Varma. 7. National Highway 420 (and the EV of Aggressive Batting) (2016) -- Amit Varma. 8. Resources vs Constraints - Why T20 Teams Need to Attack More (2019) -- Amit Varma. 9. For This Brave New World of Cricket, We Have IPL and England to Thank (2019) -- Amit Varma. 10. Purists, Keep Quiet. Cricket Is Changing, Not Dying (2018) -- Amit Varma. 11. The New Face of Cricket (2015) -- Amit Varma. 12. Money in Cricket -- Episode 41 of The Seen and the Unseen (w Gideon Haigh and Prem Panicker). 13. Dhoni and India -- Episode 10 of Econ Central. 14. Building Sports Ecosystems -- Episode 126 of The Seen and the Unseen (w Joy Bhattacharjya). 15. New Zealand's John Wright Lauded as the Man Who Discovered Jasprit Bumrah. 16. Toyota Halts India Expansion, Blaming ‘We Don’t Want You’ Taxes. 17. The Delhi Smog -- Episode 44 of The Seen and the Unseen (w Vivek Kaul). 18. Getting Competitive: A Practitioner's Guide for India -- RC Bhargava. 19. Manufacturing Is Key to Creating Jobs in Services -- Vivek Kaul. 20. The Economics of The Chilling Effect -- Episode 5 of Econ Central. 21. What a Long Strange Trip It’s Been -- Episode 188 of The Seen and the Unseen (w Arvind Subramanian). 22. What is Libertarianism? -- Episode 117 of The Seen and the Unseen (w David Boaz). 23. Consilience: The Unity of Knowledge -- EO Wilson. 24. Tawaif -- Episode 174 of The Seen and the Unseen (w Saba Dewan).  Do also check out Amit’s writing course, The Art of Clear Writing, as well as The India Uncut Newsletter. Also, Vivek’s new website at vivekkaul.com and all his books on Amazon.

Our economy's contracted. And Lionel Messi's looking for someone new to contract with. Amit Varma and Vivek Kaul dissect both situations in episode 12 of Econ Central. Also discussed: Amitabh Bachchan's crocodile. Also check out: 1. Demystifying GDP -- Episode 130 of The Seen and the Unseen (w Rajeswari Sengupta). 2. What a Long Strange Trip It's Been -- Episode 188 of The Seen and the Unseen (w Arvind Subramanian). 3. The Indian Economy in 2019 -- Episode 153 of The Seen and the Unseen (w Vivek Kaul). 4. DeMon, Morality and the Predatory Indian State — Episode 85 of The Seen and the Unseen (w Shruti Rajagopalan). 5. The Seen/Unseen episodes on GST: 1, 2, 3. 6. We Are Fighting Two Disasters: Covid-19 and the Indian State -- Amit Varma. 7. The Seen/Unseen episodes on Covid-19: 1, 2, 3. 8. Many acts behind the world’s worst economic slump -- Vivek Kaul. 9. The US Economy Contracted by 9.1% and not 32%. India’s Economy Contracted by 23.9% -- Vivek Kaul. 10. Who Moved My Interest Rate? -- D Subbarao. 11. Forget the romance, a Messi-Guardiola reunion would not make City better -- Jonathan Wilson. 12. Wikipedia articles on the Fallacy of Composition, Cherry Picking, the Halo Effect and the Winner's Curse. 13. The Halo Effect (2007) -- Amit Varma. 14. Ganga Jamuna Saraswati -- Full movie on YouTube. 15. Amar Akbar Anthony: Masala, Madness and Manmohan Desai -- Sidharth Bhatia. 16. The 10 Rules of Successful Nations -- Ruchir Sharma. 17. The Rise and Fall of Nations -- Ruchir Sharma. 18. Do We Need Billionaires? -- Episode 9 of Econ Central. 19. The Great Reversal -- Thomas Philippon. 20. The Hype Around the Stock Market -- Episode 6 of Econ Central. Do also check out Amit’s writing course, The Art of Clear Writing, as well as The India Uncut Newsletter. And ah, Vivek’s new website at vivekkaul.com and all his books on Amazon.

The Indian economy has been on a wild ride, traumatic in parts, for the last 73 years. And Arvind Subramanian was on a wild ride of his own as Chief Economic Advisor in the Indian government between 2014 and 2018. Arvind joins Amit Varma in episode 188 of The Seen and the Unseen to discuss both these journeys. Also check out: 1. Of Counsel: The Challenges of the Modi-Jaitley Economy -- Arvind Subramanian. 2. India's Turn: Understanding the Economic Transformation -- Arvind Subramanian. 3. Eclipse: Living in the Shadow of China's Economic Dominance -- Arvind Subramanian. 4. Remembering Arun Jaitley -- Arvind Subramanian. 5. From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition -- Arvind Subramanian & Dani Rodrik (2004). 6. India's Great Slowdown: What's Happened? What's the Way Out? -- Arvind Subramanian and Josh Felman (Dec 2019). 7. Arvind Subramanian interviewed by Karthik Muralidharan -- I4I Conversations (2015). 8. 'Not Just Any Ordinary Slowdown': Arvind Subramanian interviewed by Prannoy Roy (2019). 9. Walk the Talk -- Arvind Subramanian interviewed by Shekhar Gupta (2016). 10. We Wish to Inform You That Tomorrow We Will Be Killed With Our Families -- Philip Gourevitch. 11. Fixing Indian Education -- Episode 185 of The Seen and the Unseen (w Karthik Muralidharan). 12. What Have We Done With Our Independence? -- Episode 186 of The Seen and the Unseen (w Pratap Bhanu Mehta). 13. In Service of the Republic -- Vijay Kelkar and Ajay Shah. 14. The Art and Science of Economic Policy -- Episode 154 of The Seen and the Unseen (w Vijay Kelkar & Ajay Shah). 15. The Lost Decade -- Puja Mehra. 16. India's Lost Decade -- Episode 116 of The Seen and the Unseen (w Puja Mehra). 17. Episode of The Seen and the Unseen on GST with Devangshu Datta, Vivek Kaul and Shruti Rajagopalan. 18. DeMon, Morality and the Predatory Indian State -- Episode 85 of The Seen and the Unseen (w Shruti Rajagopalan). 19. ‘Narendra Modi Takes a Great Leap Backwards’ -- Amit Varma. 20. Most of Amit Varma’s writing on DeMon, collected in one Twitter thread. 21. Restart: The Last Chance for the Indian Economy -- Mihir Sharma. 22. We Are Fighting Two Disasters: Covid-19 and the Indian State -- Amit Varma. 23. The State of Our Farmers -- Episode 86 of The Seen and the Unseen (w Gunvant Patil).  24. India's Agriculture Crisis -- Episode 140 of The Seen and the Unseen (w Barun Mitra and Kumar Anand). 25. We Must Save Our Farmers — Amit Varma. 26. The Indian State is the Greatest Enemy of the Indian Farmer — Amit Varma. 27. Demystifying GDP -- Episode 130 of The Seen and the Unseen (w Rajeswari Sengupta). And do check out Amit's online writing course, The Art of Clear Writing. Registration for the September batches is now open.

It is a humanitarian and moral failure that 73 years after Independence, our education system remains broken. We have failed our children through all this time. Karthik Muralidharan joins Amit Varma in episode 185 of The Seen and the Unseen to share his insights from years of research on the ground. We can fix this. Is the NEP part of the solution?   Also check out: 1. Karthik Muralidharan's bio at UCSD. 2. Walking the Talk -- Inga Kiderra's profile of Karthik Muralidharan. 3. Reforming the Indian School Education System -- Karthik Muralidharan's chapter from What the Economy Needs Now. 4. The State and the Market in Education Provision -- Karthik Muralidharan. 5. Karthik Muralidharan interview by Pranav Kothari for EI Dialogues. 6. Charting a Course for the Indian Economy -- Karthik Muralidharan in conversation with Arvind Subramanian. 7. Karthik Muralidharan's archived research and articles. 8. Education in India -- Episode 77 of The Seen and the Unseen (w Amit Chandra). 9. The Profit Motive in Education -- Episode 9 of The Seen and the Unseen (w Parth Shah). 10. The Right to Education Act -- Episode 19 of The Seen and the Unseen (w Vivek Kaul). 11. Our Unlucky Children (2008) -- Amit Varma. 12. Fund Schooling, Not Schools (2007) -- Amit Varma. 13. A Prize for Evidence-Based Policy -- Karthik Muralidharan. 14. Why Abhijit Banerjee Had to Go Abroad to Achieve Glory -- Amit Varma. 15. Poverty and Famines -- Amartya Sen. 16. India’s Problem is Poverty, Not Inequality -- Amit Varma. 17. On Inequality -- Harry Frankfurt. 18. A Theory of Justice -- John Rawls. 19. Anarchy, State and Utopia -- Robert Nozick. 20. Arguments for Liberty -- Aaron Ross Powell and Grant Babcock. 21. Saving Capitalism From the Capitalists -- Raghuram Rajan. 22. Out-Arnabing Arnab -- Episode 8 of Econ Central. 23. Parkinson's Law -- Cyril Northkote Parkinson. 24. Myths of Official Measurement -- Abhijeet Singh. 25. Centrally Sponsored Government Schemes -- Episode 17 of The Seen and the Unseen (w Pranay Kotasthane). 26. The Aggregate Effect of School Choice -- Karthik Muralidharan and Venkatesh Sundararaman. 27. The Private Schooling Phenomenon in India: A Review -- Geeta G Kingdon. 28. Extending access to low-cost private schools through vouchers: an alternative interpretation -- James Tooley. Also, do check out Amit's writing course, The Art of Clear Writing.

This podcast tries to simplify the highly intricate subject matter that forms the basis of a very controversial paper published by Arvind Subramanian alleging that India has been overestimating its GDP by about 2.5 percent. --- Support this podcast: https://anchor.fm/shacast/support

YOU'RE INVITED: Join Milan, Tanvi, and Sadanand for a special LIVE episode of Grand Tamasha on Tuesday, May 19, at 11am EST / 8:30pm IST. Tune in as they break down the week's news - and join the live chat to ask questions! Add it to your calendar, and join the live show here. After a six-week nationwide lockdown in the wake of the COVID-19 pandemic, on May 3rd the Indian government commenced a calibrated relaxation of this unprecedented shutdown. To discuss the economic impacts of the crisis and what steps government can take to cushion the blow, this week on the show Milan welcomes back the economist Arvind Subramanian. Arvind served as the chief economic advisor to the Government of India between 2014-2018 and is currently a professor at the Kennedy School of Government at Harvard and a Senior Fellow at the Peterson Institute.Milan speaks with Arvind about how Indian authorities should respond to the economic crisis, the utter failure of global economic cooperation, and whether China’s reputational hit offers India an opportunity. Plus, the two discuss Arvind’s long-standing support for a universal basic income (UBI) for India and whether the country has the necessary infrastructure in place to deliver an effective UBI.

Srinath Raghavan and Indira Rajaraman discuss India's 2019-2020 Union Budget, the ongoing U.S.-China trade war, and the slowing global economy.References:Union Budget 2019-2020, Ministry of Finance, Government of IndiaOf Counsel by Arvind Subramanian

A recent paper by former Chief Economic Advisor of India, Arvind Subramanian made a shocking claim that India's GDP growth between 2011-12 and 2016-17 was 4.5 per cent per year, substantially lower than the oft-quoted figure of 7 per cent. This finding serves as a reminder that not all's well in the economic engine and incrementalism can't resolve India's growth challenge. Nitin Pai and Anupam Manur join Pranay Kotasthane to discuss. Check out: 1. India's GDP Mis-estimation: Likelihood, Magnitudes, Mechanisms, and Implications, by Arvind Subramanian https://www.hks.harvard.edu/centers/cid/publications/faculty-working-papers/india-gdp-overestimate 2. India's GDP Growth, The Indian Express, https://indianexpress.com/article/opinion/columns/indias-gdp-growth-new-evidence-for-fresh-beginnings-5774138/ Editor- Pranav Prashanth

In the second half of December 2018, as part of Indian Express' Idea Exchange, our Journalists and Editors spoke to the Former Chief Economic Adviser Arvind Subramanian. In this episode you’ll hear him talk about the effects of demonetisation, problems in the way GST was implemented, the efficacy of loan waivers and why (in a welfare state) subsidies are an inefficient way of wealth distribution. You can follow us and leave us feedback on Facebook, Instagram and Twitter @expresspodcasts, or send us an email at podcasts@indianexpress.com. If you like this show, please subscribe and leave us a review wherever you get your podcasts, so other people can find us. You can also find us on www.indianexpress.com/audio.

This week on Grand Tamasha, Milan Vaishnav sits down with Sadanand Dhume (Resident Scholar, American Enterprise Institute and Wall Street Journal columnist) and Sukumar Ranganathan (Editor-in-Chief, Hindustan Times) to discuss the aftermath of India’s targeted military strikes against Jaish-e-Mohammed (JeM) terrorist camps in Pakistan. The strikes were a direct response to the tragic February 14 JeM attack on Indian paramilitary forces in Jammu and Kashmir, in which at least forty Indian soldiers lost their lives. The three discuss the current mood in New Delhi and the implications for the coming general elections. They also debate the ramifications of the conflict for state politics in Jammu and Kashmir and the Bharatiya Janata Party’s (BJP) standing in the troubled state. Then, Milan speaks with Arvind Subramanian, the former chief economic adviser to the Government of India, about the idea of a universal basic income (UBI) for India. Subramanian was responsible for putting the idea of an Indian UBI on the policy agenda with his landmark proposal in the government’s 2017-2018 Economic Survey. Since then, several states have implemented modified versions of a UBI and both the Congress Party and the ruling BJP have announced their own income support schemes. Subramanian, who is currently a professor at the Harvard Kennedy School and a senior fellow at the Peterson Institute of International Economics, weighs in on the competing proposals and outlines his own proposal for a QUBRI (Quasi-Universal Rural Basic Income).

Dan Hammer is an environmental economist and winner of the 2017 Pritzker Prize for the Environment. Currently he serves as a National Geographic Fellow and the co-founder of Earthrise Media, and throughout 2016, he was the Senior Policy Advisor to the U.S. Chief Technology Officer, Megan Smith, as part of the Obama Administration.   Before arriving at the White House, Dan was the Presidential Innovation Fellow that released the first API listing for NASA. Prior to NASA, Hammer was the Chief Data Scientist at the World Resources Institute, where he helped re-launch Global Forest Watch, an open-source project to monitor deforestation.   After graduating from Swarthmore College in 2007 with high honors in mathematics and economics, and before receiving his PhD in environmental economics from the University of California, Berkeley, Dan was a Thomas J. Watson Fellow and traveled to Polynesia to build and race outrigger canoes. Today, among many other amazing mentors, he continues to works with Steve McCormick (former CEO of The Nature Conservancy) on web service infrastructure for environmental information.   played in the academic/private/public sectors // has stayed so true to a single mission across 17+ positions over 10 years // we took a while to get to the prize & White House   Some topics we covered include: How the strong sense of safety he experienced in his childhood has supported all the risk-taking he now takes on in his career. The lasting impact that mentors like Megan Smith, Steve McCormick, David Wheeler, and Arvind Subramanian have had on his career Where he sees the job of a data scientist (who knows what), ending, and a subject matter expert (who knows why), beginning. The most meaningful moments of his experienced at the White House, from working with a brilliant mentor to being in the situation room during the Flint Water Crisis. How teaching math to inmates at San Quentin State Prison for 2 years catalyzed his path to the World Resources Institute and NASA. Why -- across 17+ positions over the past 10 years -- democratizing scientific data and making it more accessible to the public has been THE consistent focus of his work.   Enjoy the show!   Show Notes: https://ajgoldstein.com/podcast/ep18/ Dan’s Website: https://www.danham.me/r/about.html AJ’s Twitter: https://twitter.com/ajgoldstein393/

In this week’s NL Hafta, the panel consists of Abhinandan, Manisha and Anand. Revati Laul, a renowned independent journalist and filmmaker joined as a guest.The discussion kicks off with Saifuddin Soz, a senior Congress party leader in Kashmir, who recently launched his book titled, Kashmir: Glimpses of History and the Story of Struggle. Saifuddin Soz had also made a statement earlier which said that Kashmiris want Azadi. Commenting on Saifuddin Soz, Anand says, “As a political leader of a nation state, he should be more careful of what he’s saying.” Manisha says, “I think he’s making those comments more as an author.” She adds, “I think he has to keep in mind that he’s a politician but then he’s also speaking from the point of view of his book.”The discussion moves on to the ‘much-advertised’ 43rd anniversary of the Emergency imposed by former Prime Minister Indira Gandhi. Manisha thinks that it is a ‘hyperbole’. She says, "But, of course, 2019 (elections)...I guess that’s the one thing that they (BJP) can whip them (Congress) with.” Commenting on a notion that has surfaced, Anand observes, “I think the fiction of undeclared Emergency is rooted in a sense of deprivation among journalists who don’t have anti-establishment tales to tell in their 60s. And those who are already in their 60s, already know that they’re lying.” He adds, “Advertisements by their very nature are exaggerations.”Revati compares the Emergency imposed by Indira Gandhi to the current situation of Indian politics. Abhinandan says, “Human nature is displaying certain levels of servility that were displayed during the Emergency...And I think that is unique whenever you get a strong leader.”The panel discusses the letter written by Vijay Mallya to Prime Minister Narendra Modi which explained how he’s being made a ‘scapegoat’ despite his willingness to settle his dues. Abhinandan says, “I definitely think that he thought he could get away with it and now that he has not, he’s saying I can do all this...You could’ve done it earlier also.”Anand says, “Ignominy has also been earned by the flamboyant lifestyle he had.”Abhinandan asks the panel about the Chief Economic Adviser's role in policy making, in the context of Arvind Subramanian who recently quit from the position. Anand says, “Having a macro picture of how the economy is moving, what adjustment it needs... So it’s a kind of an advisory role...Most of the political heads don’t have that expertise to go into those details, so they help in that.”The panel discusses an Amit Shah-related news story that was pulled down by several media houses. The RTI reply stated, the primary basis of the story, that a huge amount of money was deposited in a bank headed by Amit Shah, post-demonetisation. Abhinandan believes that this circles back to the debate around the ‘Emergency’.Manisha speaks about the coverage of a crime incident in which an Army officer had killed the wife of another officer. She says, “Both ABP and Aaj Tak...ran this headline Do major ek mehbooba... They turned it into these rangeela-type websites.” See acast.com/privacy for privacy and opt-out information.

As economic advisor to the government of India, Arvind Subramanian helped design the country’s goods and services tax. In July of last year, the national GST replaced the patchwork of value-added, sales, and excise taxes levied by 29 states and the federal government. In this podcast, Subramanian discusses the benefits of the new tax with the IMF’s Chris Wellisz. He says the tax helped create a single internal market for the first time since independence. Their conversation is also featured in the June 2018 edition of Finance and Development Magazine. Arvind Subramanian, Chief Economic Advisor to the government of India

Don't have time to keep a tab on news throughout the day? CNN-News18 brings you the day's top news and newsmakers in less than 3 minutes! Here are today's top picks: Budget session commences with President's speech, Jaitley tables Economic Survey 2018 in the Parliament, Bruno Mars, Kendrick Lamar Win Big At Grammys,David Beckham Set to Unveil His Own MLS Club, OPPO, Qualcomm to Make 5G Mobile Phones INDIA Crony Socialism to Stigmatised Capitalism, Says CEA Addressing the media on issues relating to the Economic Survey, chief economic adviser Arvind Subramanian said, in the understanding of the role of the private sector, India has moved from crony socialism to stigmatised capitalism. Meanwhile, the Budget session of the Parliament was green flagged today by President Ramnath Kovind. In his speech, the President said that his government wants to empower minorities and not appease them. He also highlighted the need to uplift women and farmers and praised other welfare schemes by the government. After the inaugural speech Finance Minister Arun Jaitley tabled the Economic Survey 2018 in the Lok Sabha prepared by the chief economic adviser. ENTERTAINMENT Bruno Mars, Kendrick Lamar Win Big At Grammys Bruno Mars and Kendrick Lamar emerged as big winners at the 60th Grammy Awards, which was dotted by surprises, star performances and comments on President Donald Trump, apart from key social and political debates. Rapper Jay-Z, who was leading the nomination pack with eight nods this time, went back empty-handed, while Mars bagged seven honours, including Record of the Year, Album of the Year and Song of the Year. Lamar won Best Rap Performance and Best Rap Song for "Loyalty" featuring Rihanna and Best Rap Album for "Damn" at the gala. This year, Lorde was the only woman to be nominated in Album of the Year category. Pop singer Alessia Cara became the first Canadian to win Best New Artist at the Grammys, hosted by James Corden. Carrie Fisher was awarded her first Grammy posthumously for best spoken word album for her audiobook recording of "The Princess Diarist." SPORTS David Beckham Set to Unveil His Own MLS Club David Beckham will unveil his long-sought Major League Soccer expansion team at a Monday news conference in Miami, bringing a conclusion to a turmoil-filled four-year quest. Just over 11 years after announcing he would leave Real Madrid for the MLS Los Angeles Galaxy in a deal that included the chance to purchase an expansion team at a reduced rate, Beckham will make good on plans he first announced in February 2014. TECH OPPO, Qualcomm to Make 5G Mobile Phones OPPO on Monday announced a partnership with global chip-maker Qualcomm Technologies where Qualcomm will support OPPO to make 5G-ready mobile phones. As part of the "5G Pioneer Initiative", Qualcomm will provide comprehensive solutions such as the radio frequency front-end field to OPPO. OPPO plans to launch 5G mobile phones in 2019.

The Indian Ministry of Finance's 2017 Economic Survey considers—though does not commit to—the idea of a large-scale experiment in UBI, or universal basic income. How would it work? What effects would it have? Arvind Subramanian—lead author of the Survey, chief economic adviser to the government of India, and a CGD senior fellow on leave—joins me to discuss the big ideas currently shaping India's economy.

Thanks to globalization, the past 70 years was arguably the best quarter-century in human history. In this week's episode, PS editors Jonathan Stein and Whitney Arana discuss free trade backlash, as highlighted in Carl Bildt and Arvind Subramanian's latest columns. Read the columns here: http://prosyn.org/WuO7Dbv and http://prosyn.org/79lvYSg Like what you hear? Please subscribe, rate, and review our podcasts.

Aadit Kapadia, Sunanda Vashisht and Pramod Kumar Buravalli discuss the Brexit vote, the impact of UK leaving the European Union. They also discuss India's bid for NSG membership and China's opposition to it. Lastly a discussion on Dr Swamy taking on Arvind Subramanian and their tribute to Amjad Sabri.

Private investment is down in India, partly due to the lack of coal and electricity. India's new chief economic adviser Arvind Subramanian says removing those bottlenecks is key to increasing growth.

Christopher Graves, Edward Luce, Suketu Mehta, Yasheng Huang, Arvind Subramanian and Adil Zainulbhai offer diverse perspectives on India's future in a program inspired by McKinsey & Co.'s book "Reimagining India: Unlocking the Potential of Asia's Next Superpower." (1 hr., 21 min.)

China is swiftly closing in on the United States as the world's largest economy. The Asian nation's growth rate is several times that of the US, and China's economy could be the world's largest within a decade, according to Arvind Subramanian. In a new book, he envisages a world dominated by China's overwhelming economic power.

La Chine talonne les États-Unis pour la place de première puissance économique mondiale. L'économie chinoise pourrait dépasser l'économie américaine en un peu moins de dix ans, d'après Arvind Subramanian. Dans un livre qui vient de paraître, il entrevoit un monde dominé par la superpuissance économique de la Chine.

- Arvind Subramanian, Senior Fellow at the Peterson Institute for International Economics Please call 1-800-388-9700 for a free copy of his paper “Renminbi Rules: The Conditional Imminence of the Reserve Currency Transition”