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India’s development and the political economy of growth — Kunal Sen

India’s development and the political economy of growth — Kunal Sen

FromIn Pursuit of Development


India’s development and the political economy of growth — Kunal Sen

FromIn Pursuit of Development

ratings:
Length:
62 minutes
Released:
Sep 9, 2020
Format:
Podcast episode

Description

With the phenomenal growth of its economy in recent years and its longstanding democratic record, India — the world's largest democracy — has emerged as a major global power. Not only has democracy survived in India, but in recent decades the country has also established itself as a beacon of hope for other developing countries striving to achieve a similar combination of democracy, development, and the rule of law. India’s management of the COVID pandemic, however, has made news headlines in recent weeks not just because of the massive spike in COVID cases but also because the country’s GDP plunged by 23.9 per cent in the period April – June 2020 – the biggest contraction of any major Asian country. And then there are rising tensions with China. As India’s Prime Minister Narendra Modi put it recently, India is fighting on many fronts.But some of India’s problems began in a pre-COVID era. There were signs that economic growth was slowing and unemployment was on the rise. Guest: Professor Kunal Sen, Director of UNU-WIDER and professor of development economics at the Global Development Institute at the University of Manchester.Topics discussed:The state of development economics research todayHow is COVID is deepening global inequality?India's economic growth trajectory since 1991Role of India's informal sectorTaxation policy in, and fiscal capacity of, developing countriesResources:Narendra Modi’s performance on the Indian economy – five key policies assessedFive ways coronavirus is deepening global inequalityTransitions between informal and formal jobs in IndiaKunal Sen on TwitterDan Banik on TwitterIn Pursuit of Development on Twitter
Released:
Sep 9, 2020
Format:
Podcast episode

Titles in the series (100)

If you are interested in democracy, poverty eradication and climate change, this is your go-to podcast for a deeper understanding of the politics of global development. In each episode, we discuss the experiences of developing and “emerging economies” in Africa, Asia and Latin America. While we examine major global challenges and highlight various “problems”, we also highlight what works on the ground. This podcast is hosted by Professor Dan Banik from the Centre for Development and the Environment at the University of Oslo (Twitter: @danbanik @GlobalDevPod).