

Ideas of India
Mercatus Center at George Mason University
Through conversations with top thinkers in the social sciences and beyond, economist Shruti Rajagopalan explores the ideas that will propel India forward.
Episodes
Mentioned books

Jun 8, 2023 • 1h 32min
Amit Varma on The Creator Economy
Amit Varma, a Mumbai-based writer, journalist, and podcaster, shares his insights on navigating the creator economy. He emphasizes the importance of building online communities and creating content out of passion rather than seeking validation. The discussion dives into the impact of AI tools like ChatGPT on creative jobs, contrasting generational work ethics, and the evolving landscape of media. Varma reflects on the necessity of authentic engagement and the joy found in celebrating milestones amidst rapid technological change.

May 25, 2023 • 1h 20min
Rahul Sagar on Finding India’s Hidden 19th-Century History
In this episode, Shruti speaks with Rahul Sagar about East India Company rule vs. crown rule, public finance constitutionalism, effects of technology on India’s intellectual history, historic preservation and much more. Sagar is the Global Network Associate Professor of Political Science at NYU Abu Dhabi. His primary research interests are in political theory, political ethics and public policy, and he has written on a range of topics including executive power, moderation and political realism. His books include “The Progressive Maharaja: Sir Madhava Rao’s Hints on the Art and Science of Government,” “To Raise a Fallen People: The Nineteenth-Century Origins of Indian Views on International Politics” and “Secrets and Leaks: The Dilemma of State Secrecy.” Recorded May 16th, 2023 Read a full transcript enhanced with helpful links. Follow us on Twitter Follow Shruti on Twitter Follow Rahul on Twitter Click here for the latest Ideas of India episodes sent straight to your inbox.

20 snips
May 11, 2023 • 1h 20min
Montek Singh Ahluwalia on Mapping the Journey of Policy Reform with a Policy Reformer
In this episode, Shruti speaks with Montek Singh Ahluwalia about how policy reforms happen, civil servants vs. technocratic experts, the importance of expert committees, good and bad lobbying, economic growth and much more. Ahluwalia is an Indian economist and civil servant who was the deputy chairman of the Planning Commission of India, a position which carried the rank of cabinet minister. He was previously the first director of the Independent Evaluation Office at the International Monetary Fund. Recorded April 26th, 2023 Read a full transcript enhanced with helpful links. Follow us on Twitter Follow Shruti on Twitter Click here for the latest Ideas of India episodes sent straight to your inbox.

21 snips
Apr 27, 2023 • 1h 18min
Sajith Pai on Startups and Venture Capital
In this episode, Shruti speaks with Sajith Pai about the various sectors of the Indian market, unique payment systems, public versus private investment, the role of artificial intelligence and much more. Pai is a long-time media executive turned venture capitalist. After working in media and entertainment, much of it in The Times of India Group, across strategy and corporate development roles, he moved to Blume Ventures, one of India’s leading early-stage venture firms, in 2018. At Blume, he actively focuses on and support its investments in the domestech space, including consumertech, smb saas, b2b marketplaces and more. He also writes on tech, business, culture and their intersections. Recorded March 29th, 2023 Read a full transcript enhanced with helpful links. Follow us on Twitter Follow Shruti on Twitter Follow Sajith on Twitter Click here for the latest Ideas of India episodes sent straight to your inbox.

Apr 13, 2023 • 1h 20min
Chakravarthi Rangarajan on Monetary Policy After Liberalization
In this episode, Shruti speaks with Chakravarthi Rangarajan about currency crises, how the post-liberalization reforms built on earlier reforms, fiscal dominance, capital mobility and much more. Rangarajan is an Indian economist, a former member of parliament and 19th governor of the Reserve Bank of India. He formerly chaired the Prime Minister's Economic Advisory Council. He is also the chair of the Madras School of Economics; a former president of the Indian Statistical Institute; the founding chairman of the C.R. Rao Advanced Institute of Mathematics, Statistics and Computer Science; former chancellor of the University of Hyderabad; and a professor at Ahmedabad University. His book “Forks in the Road: My Days at RBI and Beyond” describes the path-breaking reforms that he implemented during his tenure as governor of the Reserve Bank of India. Recorded March 22nd, 2023 Read a full transcript enhanced with helpful links. Follow us on Twitter Follow Shruti on Twitter Click here for the latest Ideas of India episodes sent straight to your inbox.

Mar 30, 2023 • 1h 26min
Pranay Kotasthane and Raghu S. Jaitley on Individuals and the Indian State
In this episode, Shruti speaks with Pranay Kotasthane and Raghu S. Jaitley about the intersections of markets, society and the state. They discuss the importance of individual decision-making, self-governance versus good governance, why economic growth is a moral imperative, the persuasive power of Indian cinema and much more. Kotasthane is the deputy director of the Takshashila Institution and chairs the High Tech Geopolitics Programme. Jaitley is a public policy and political economy enthusiast. They co-write “Anticipating the Unintended,” a newsletter on public policy ideas and frameworks. Their book, “Missing in Action: Why You Should Care About Public Policy,” examines Indian public policy through the lens of the state. Recorded March 28th, 2023 Read a full transcript enhanced with helpful links. Follow us on Twitter Follow Shruti on Twitter Follow Pranay on Twitter Click here for the latest Ideas of India episodes sent straight to your inbox.

11 snips
Mar 16, 2023 • 1h 20min
Nitin Pai on Educating Citizens
In this episode, Shruti speaks with Nitin Pai about storytelling through the lens of his book, “The Nitopadesha.” They discuss the lessons of Indian folktales for citizens and bureaucrats, the importance of civic education, when democracy does and doesn’t work, the effects of economic growth on individual prosperity and much more. Pai is the co-founder and director of the Takshashila Institution, an independent think tank and school of public policy based in Bangalore, whose goal is to champion India’s national interest and constitutional values. Pai previously worked in technology policy for the government of Singapore and played a role in the deregulation of the telecommunications industry and deployment of broadband infrastructure. Recorded March 1st, 2023 Read a full transcript enhanced with helpful links. Follow us on Twitter Follow Shruti on Twitter Follow Nitin on Twitter Click here for the latest Ideas of India episodes sent straight to your inbox.

27 snips
Mar 2, 2023 • 1h 35min
Alain Bertaud on Order Without Design
In this episode, Shruti speaks with Alain Bertaud about how Indian cities have evolved, utilities pricing, land use restrictions such as floor area ratio and floor space index, slums, charter cities, urbanization in Africa and much more. Bertaud is an urbanist, distinguished visiting scholar at the Mercatus Center at George Mason University, and senior research scholar at New York University’s Marron Institute of Urban Management. From 1980 to 1999, he was the principal urban planner at the World Bank. His book about urban planning is titled “Order Without Design: How Markets Shape Cities.” Recorded February 7th, 2023 Read a full transcript enhanced with helpful links. Follow us on Twitter Follow Shruti on Twitter Follow Alain on Twitter Click here for the latest Ideas of India episodes sent straight to your inbox.

Feb 16, 2023 • 1h 20min
Poornima Dore on Regional Economic Diversity
In this episode, Shruti speaks with Poornima Dore about using regions rather than states as the unit of analysis, the importance of the construction sector, diversification, balanced regional development planning and much more. Dore is the director of analytics, insights and impact at Tata Trusts. She teaches at some of India's premier management and technical institutes and is also an active musician. Her research covers macro-regional growth, smart cities and local economy insights. She co-authored “Regional Economic Diversity: Lessons from an Emergent India,” a comprehensive study at the National Sample Survey regional level that quantifies regional output and talks about what kind of diversification can help India. Recorded January 31, 2023 Read a full transcript enhanced with helpful links. Follow us on Twitter Follow Shruti on Twitter Follow Poornima on Twitter Click here for the latest Ideas of India episodes sent straight to your inbox.

40 snips
Feb 2, 2023 • 1h 37min
Nikhil Menon on Planning Democracy
In this episode, Shruti speaks with Nikhil Menon about the history of Indian socialism and central planning, government-artist relationships, economists who dissented from the central-planning orthodoxy, the legacy of P.C. Mahalanobis and much more. Menon is a historian of modern South Asia, specializing in the political and economic history of 20th-century India. His research explores the histories of democracy and development in independent India. His book, “Planning Democracy: Modern India’s Quest for Development,” tells the story of how India wedded western-style democracy and Soviet-inspired economic planning in the middle of the 20th century. Recorded November 22nd, 2022 Read a full transcript enhanced with helpful links. Follow us on Twitter Follow Shruti on Twitter Click here for the latest Ideas of India episodes sent straight to your inbox.