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Audio Interview

India and the illusion of economic growth

Published on September 30, 2024   33 min

Other Talks in the Playlist: Interviews with business leaders and scholars

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Interviewer: Today, I'm interviewing Professor Ashoka Mody. Charles and Marie Robertson visiting professor in international economic policy, Princeton School of Public Policy and International Affairs, Princeton University, USA, on his article on 6th of September, 2023, in Project Syndicate titled, India's Fake Growth Story. Listeners are expected to have read the article before listening to this interview. Professor Mody was sometime the deputy director of the International Monetary Fund's Research and European departments. A link to his biography accompanies this interview. Professor Mody, thank you for sparing the time. Have I interpreted your analysis correctly? That you believe, one, the Indian economy continues to grow at a rate above, for example, European countries, but much slower than in past years. Two, that such growth, as there is, benefits only a relatively small section of the population. Professor Mody. Prof. Mody: Yes, I think that is a fair interpretation of the article. If I may, I just want to go back one step and refer to my book published earlier this year, India Is Broken: A People Betrayed, Independence to Today. That's the foundation of all my writings on India. In the book, I dismissed the idea of using GDP,

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