Arvind Subramanian

Devesh Kapur, a professor at Johns Hopkins and co-author of *A Sixth of Humanity*, and Arvind Subramanian, former Chief Economic Advisor to India and senior fellow at the Peterson Institute, dive into India's unique development journey. They explore how India's democratic struggles shaped policy, the impact of state-led planning, and the dual narratives of rapid growth and rising inequality. Their insights reveal the significance of regional analysis in development and caution against moves away from India’s secular foundations, emphasizing the lessons for global growth.

Arvind Subramanian, former chief economic advisor to the Indian government, shares insights on India's economic ambitions. He critiques the government's investment climate, expressing concern about potential currency crises. The discussion highlights the challenges India faces in achieving high-income status by 2047 amidst declining investments and inadequate reforms. Subramanian emphasizes the importance of export-led growth and addresses the complex relationship between exchange rates and financial stability, questioning the sustainability of India's rapid growth trajectory.

Amit Khandelwal, a Yale economics expert, Isabela Manelici from the London School of Economics, and Arvind Subramanian, former chief economic advisor to India, dive into the challenges facing emerging economies in global trade. They discuss how protectionism affects trade dynamics and the need for smart strategies. The role of multinationals is examined, highlighting their dual impact on local economies. The conversation also covers industrial policy's effectiveness and the varied responses of nations like India and Vietnam to changing global dynamics and climate challenges.