This is an episode for those who want to hear an alternative view of the world's largest country. McKinsey has said we are living in the “Indian Century”. Morgan Stanley believes 20 percent of global growth in the next decade will come from India. Our guest today, Princeton economist Ashoka Mody, has a different view, which he details in his new book: “India Is Broken”. He argues that there are two Indias, a successful, highly skilled and educated elite and a billion-plus population that remains very poor. Mody believes that this dangerous equilibrium is maintained by a close link between the government, big business and, in some cases, organized crime. This association produces projects that attract capital and headlines but leaves an employment deficit of over 100 million jobs.
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Episode TimeStamps:
04:14 - Introduction to Ashoka Mody
10:19 - The development path of East Asia
14:41 - The path that India did not take
19:32 - The path they did take
23:37 - Different versions of India
30:37 - What is Hindutva?
34:09 - The Guljurat model of development
39:34 - A corrupted government
46:17 - Finding the accurate data
51:45 - Press freedom in India
54:37 - India - the new China?
56:53 - Building a better India
01:02:23 - Key takeaways from Niels
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