India's Economic Aspirations and Challenges

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Exploring India's goal to become a high-income economy by 2047 and the hurdles it faces, including manufacturing competition, automation, and the need for a vision shift towards higher-skilled sectors like services. The chapter also highlights the importance of investing in human capital and innovation to propel India towards developed country status.

Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries and in many places, populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. But India, the world’s biggest democracy, bucked the trend with Narendra Modi’s relatively weak election victory in June. In the third of this five-part series, the FT’s renowned economics commentator, Martin Wolf, and Raghuram Rajan, former governor of the Reserve Bank of India, discuss the Indian election results and inherent weaknesses of authoritarian styles of government.

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Martin Wolf column: Fascism has changed, but it is not dead

For Martin’s other FT columns click here

This episode is presented by Martin Wolf. The producer is Sandra Kanthal. Production help from Sonja Hutson. The executive producer is Manuela Saragosa and the sound engineer is Nigel Appleton. The FT's global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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