India's economy has demonstrated considerable resilience, repeatedly surprising on the upside. But can this momentum translate into sustained growth, better jobs and higher living standards? As geopolitical tensions, volatile energy prices and uncertainty around the global technology boom reshape the economic landscape, India must navigate new risks while capitalising on emerging opportunities.
In this episode of How India's Economy Works, journalist and author Puja Mehra speaks with economist Dr. Prachi Mishra and member of the Economic Advisory Council of Prime Minister Modi about the strongest reasons to be optimistic about India's economic future, and the challenges that could hold it back. They discuss how India can diversify its trade and investment partnerships, particularly with Japan, and what it will take to achieve the sustained growth needed to become a high-income economy. The conversation examines sluggish manufacturing investment, foreign direct investment, the need to expand labour-intensive industries, and the importance of creating more high-quality jobs. Mishra also explains why strengthening state capacity, improving municipal finances and fixing last-mile infrastructure are essential to translating India's economic potential into better outcomes for its citizens.
Tune in for insights on India's growth prospects, the opportunities in a changing global economy, and the reforms needed to build a more prosperous, employment-rich and resilient economy.
CHAPTERS
(00:00) Introduction to India's Economic Prospects
(00:41) Global Shocks and Geopolitical Crosscurrents
(03:28) US and China Macroeconomic Trends
(04:59) Global Contagion and AI Spillovers
(07:47) Strategic Opportunities in India Japan Ties
(10:42) Long-Term Targets for Viksit Bharat
(13:46) Manufacturing Stagnation and Corporate Investment
(16:35) Expanding Labor Intensive Economic Sectors
(19:15) Strengthening State Capacity and Infrastructure
(22:03) The Strongest Case for Optimism
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