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FT News Briefing

Martin Wolf and Raghuram Rajan on democracy’s year of peril

Jun 16, 2024
42:47
Snipd AI
Martin Wolf and Raghuram Rajan discuss the recent Indian election, analyzing authoritarian styles of government, financial disparities, challenges of financial inequality, and India's economic aspirations. They also reflect on the dangers of authoritarian leaders like Narendra Modi and the future of democracy.
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Podcast summary created with Snipd AI

Quick takeaways

  • Despite Modi's weak election victory, Indian democracy shows the demand for change and the significance of a strong opposition.
  • Financial transparency challenges in Indian democracy are highlighted by asymmetric political funding and ruling party's influence in securing financial support.

Deep dives

Raghuram Rajan on the Indian Election Results

Raghuram Rajan shares insights on the recent Indian election results, highlighting the significance of a strong opposition and the electorate's demand for change despite Modi's popularity. He emphasizes the importance of a balance in democracy, reflecting on the impact of asymmetrical election dynamics and voters' dissatisfaction despite the ruling party's influence.

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