In this discussion, Ashima Goyal, a renowned economist and former RBI Monetary Policy Committee member, delves into India's economic challenges. She unpacks the factors behind the recent slowdown, including high real interest rates and stagnant manufacturing. Topics such as the impact of food prices on inflation and the need for better fiscal strategies are highlighted. Goyal emphasizes the importance of learning from past patterns and suggests a rethink of the nation’s growth trajectory to stimulate private consumption and investment.