In this episode of Bharatvaarta, Roshan talks to Saurabh Mukherjea for an in-depth discussion on India's economic prospects, the transformative impacts of political and economic policies over the last two decades, and the rising number of new DMAT accounts. They explore the key themes from Saurabh's book 'Behold the Leviathan', touching on India's macroeconomy, market investing strategies, and the socio-economic shifts impacting the nation. The conversation delves into the consequences of educational and healthcare investments, the disparity between the North and South, and the evolving entrepreneurial ecosystem. Additionally, they discuss the impact of digital public infrastructure and direct benefit transfer schemes, and the future challenges and growth potential of India's middle class. Saurabh also provides valuable investing insights, shares personal anecdotes, and reflects on the importance of adaptability in the rapidly changing economic landscape.
Topics:
00:00 Sneak Peak
00:51 Introduction
01:53 Capitalism vs. Socialism in 1947
03:01 The Impact of Education and Policy Choices
05:54 Digital Public Infrastructure and Political Vision
07:40 The Rise of Women and Non-Elite Entrepreneurs
11:14 Challenges and Opportunities in the Indian Economy
17:27 Direct Benefit Transfers and Welfarism
21:58 Formalization and Access to Credit
26:02 Economic Growth and Income Inequality
34:30 Challenges to India's growth
39:30 Lessons from China and the Role of AI
46:33 Policy Interventions and Future Growth
49:39 Employment Linked Incentives (ELI)
50:37 Role of Conglomerates in India's Economy
53:17 Rise of Challenger Companies
57:23 Investing in the Indian Market
01:09:10 Principles of investing
01:18:42 Personal Insights and Reflections
