India, the next economic superpower?

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  India is a country close to my heart.

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  I first got to know the country in 1974

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  when I was the senior economist in the World Bank's India Division.

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  And I've been following the story of India's development up and down ever since.

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  As India has transformed,

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  particularly since the dramatic reforms in the early 1990s introduced by the late Manmohan Singh,

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  the ambitions of the country have increased and expanded dramatically in line with its improved economic performance.

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  Prime Minister Narendra Modi has even set the goal of becoming a high income country.

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  And of course, by implications, it would then be a global superpower by 2047,

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  the hundredth anniversary of India's independence.

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  My guest today is someone who has worked for Narendra Modi and who has his own views about how realistic the Prime Minister's ambitions are.

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  He is also one of India's most distinguished economists.

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  This is the Economics Show.

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  I'm Martin Wolff, and in this episode I'm speaking to Arvind Subrahmanian,

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  who was most significantly the chief economic advisor to the government of India between 2014 and 2018,

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  during which he wrote some really fascinating reports for the government.

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  He's now senior fellow at both the Peterson Institute for International Economics

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  and the Watson Institute for International and Public affairs at Brown University.

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  So, Arvind, welcome to the show.

• 01:50

  Great to be on the show, Martin, thanks for having me.

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