Ideas of India

This is the 2026 job market series, where I speak with young scholars entering the academic job market about their latest research on India. On this episode, I spoke with Kishen Shastry who is a Postdoctoral Research Associate at the Cambridge Centre for Alternative Finance, Judge Business School. He received his Ph.D. in economics in 2026 at the University of Cambridge where his research focus was economics of religion and informal institutions. We discussed his job market paper titled, "The Political Economy of Informal Institutions in India." We talked about the economics of religion, the role of long standing monastic institutions in India, how they are regulated by the state, and their impact on education, structural transformation, political competition in India, and much more.  Recorded August 25th, 2026. Read a full transcript enhanced with helpful links. Prefer to watch this episode, see the full length video here. Connect with Ideas of India Follow us on X Follow Shruti on X Follow Kishen on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps: 00:00:00 - Intro 00:01:32 - Hindu Mutts and Their Relationship to Structural Transformation 00:07:33 - Understanding Mutts 00:16:25 - Mutts in the Education Marketplace 00:22:45 - Mutts and the Regulatory Regime 00:27:47 - Stitching Together the Data 00:33:03 - Mutt Autonomy and Adjustment to Market Demands 00:37:30 - The Propagation Effect of Mutts 00:40:40 - Parsing Effects 00:43:10 - Mutts' Impact on Political Competition 00:46:05 - The Intersection of Mutt's "Club Goods" and Political Influence 00:52:37 - Outro

10/8/26 • 53:17

This is the 2026 job market series, where I speak with young scholars entering the academic job market about their latest research on India. On this episode, I spoke with Nisha Vernekar who is a PhD Candidate in Economics at University of Duisburg-Essen, Germany. Her research focus is at the intersection of gender, education, labour economics and development economics. We discussed her job market paper, (coauthored with Karan Singhal) titled, "Breaking the Night Barrier: Night-shift Reforms and Women's Work in India." We talked about the regulatory frictions in the labor market in India, in particular the gendered restrictions imposed by the Shops and Establishments act, how labor demand changes after deregulation, how it affects overall labor force participation, India's structural transformation, and much more. Recorded August 25th, 2026. Read a full transcript enhanced with helpful links. Prefer to watch this episode, see the full length video here. Connect with Ideas of India Follow us on X Follow Shruti on X Follow Nisha on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps: 00:00:00 - Intro 00:01:33 - India's Labor-Market Puzzle 00:06:40 - The Roots and Rollback of India's Gendered Labor Restrictions 00:10:31 - The Chicken and the Egg: Disentangling Night-Work Restrictions and Women's Willingness to Work 00:15:21 - Formality and the Impact of Reforms and Women's Labor-Force Participation 00:18:13 - Measuring Women's Work 00:21:17 - What PLFS Data Can't Tell Us 00:25:49 - Indian Women Workers: Exotic—or Homo Economicus? 00:30:01 - Relaxing Gender Restrictions Without Significant Displacement 00:34:45 - Implications for Gender Equality 00:39:54 - Opportunities for Improvement in the Manufacturing Sector 00:43:57 - The Case for Gender-Agnostic Regulations 00:45:52 - Outro

9/24/26 • 46:29

This is the 2026 job market series, where I speak with young scholars entering the academic job market about their latest research on India. We are launching our series with Aishwarya Kekre, who is a PhD Candidate in Economics at the University of Virginia. Her research focus is at the intersection development, trade and spatial Economics. We discussed her job market paper, "Barriers to Structural Transformation: The Role of Agricultural Land Fragmentation." We talked about the reasons for land fragmentation in India, its impact on manufacturing enterprises, on employment in both agriculture and manufacturing, profitability of small farms, how it impacts overall structural transformation, and much more.  Recorded August 21st, 2026. Read a full transcript enhanced with helpful links. Prefer to watch this episode, see the full length video here. Connect with Ideas of India Follow us on X Follow Shruti on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps: 00:00:00 - Intro 00:01:36 - Land Fragmentation and Structural Transformation: Surprising Trends 00:08:10 - Understanding Land Fragmentation 00:15:17 - Measuring the Impact of Land Fragmentation 00:21:13 - The Effect of Declining Farm Size on Manufacturing 00:26:30 - Measuring Fragmentation 00:31:11 - The Magnitude of the Distortions 00:36:20 - Impacts on Manufacturing Employment 00:39:45 - Modeling This Problem 00:49:04 - Potential Policy Implications 00:56:07 - Outro

9/10/26 • 56:46

Today my guest is Rana Hasan who is the Director, Centre for Economic Growth at NCAER and Senior Affiliate Scholar at the Mercatus Center. Prior to this he was the Regional Lead Economist at the Asian Development Bank. We talked about how to classify and define a city, coordination problems in urban governance, their potential as engines of growth and employment, land use regulation, and how cities are the mother of all general equilibrium problems, and much more. Recorded July 23rd, 2026. Read a full transcript enhanced with helpful links. Prefer to watch this episode, see the full length video here. Connect with Ideas of India Follow us on X Follow Shruti on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps: 00:00:00 - Intro 00:02:23 - Thinking Differently About Cities 00:13:15 - Fixing India's Land Use Regulation and Coordination 00:23:18 - Strategies for Nurturing Urban Growth 00:33:19 - The Mother of All General-Equilibrium Problems 00:38:41 - The Potential Benefits of Devolving Power to Local Governments 00:45:49 - Making India a Global Economic Player 00:49:38 - Balancing Security for Workers and Flexibility for Firms 00:58:29 - India's Missed Growth Opportunities 01:06:05 - Hurdles to Global Integration and Opportunities for Local Empowerment 01:12:46 - Outro

8/27/26 • 73:28

Today my guest is Gaurav Chiplunkar, who is an Assistant Professor in the Global Economies and Markets group at the Darden School of Business, University of Virginia. We talked about labor market frictions in India, understanding the reasons for low female labor force participation in India, the importance of information flows and networks, the role of middlemen, and much more. Recorded July 8th, 2026. Read a full transcript enhanced with helpful links. Prefer to watch this episode, see the full length video here. Connect with Ideas of India Follow us on X Follow Shruti on X Follow Gaurav on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps: 00:00:00 - Intro 00:01:15 - Examining Female Labor Force Participation in India 00:08:38 - Broad Patterns in Female Employment 00:14:15 - Barriers to Entrepreneurship for Indian Women 00:21:50 - Well-Intended Labor Policy and Unintended Consequences 00:29:20 - Female Employment After Career Breaks 00:35:52 - Female Labor Force Participation and Economic Growth 00:46:02 - The Trouble with Piecemeal Reforms 00:50:40 - Frictions in the Job Market 00:57:04 - Rivalry, Information Flow, and the Nerd Effect 01:05:11 - Challenges to Placement and Retention 01:18:31 - On the Potential of Job Portals and Leapfrogging 01:27:08 - Defining the Goalposts 01:30:38 - Outro

8/13/26 • 91:21

Today my guests are my colleagues Shreyas Narla and Kadambari Shah. Shreyas is a research scholar and Kadambari is a research associate at the Mercatus Center with the India program. We talked about completing five years of the 1991 Project, how it started, it's scope, the oral histories of the reformers in 1991, papers, essays, fellowships and much more.  Recorded July 10th, 2026. Read a full transcript enhanced with helpful links. Prefer to watch this episode, see the full length video here. Connect with Ideas of India Follow us on X Follow Shruti on X Follow Shreyas on X Follow Kadambari on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps: 00:00:00 - Intro 00:01:44 - The Origin Story 00:11:07 - Launching the Oral Histories Initiative 00:20:47 -Documentation and Memory 00:37:47 - Building the Repository 00:46:18 - The 1991 Project Website 00:58:11 - Walking with Giants 01:06:45 - Where are all the Women? 01:11:27 - Making Economic Reforms 'Sexy' Again 01:22:43 - The Importance of Intergenerational Interaction 01:34:33 - Incubating New Talent 01:41:39 - Gratitude and Acknowledgments 01:53:19 - Outro

7/30/26 • 113:57

Today my guest is M.R. Madhavan, co-founder and president of PRS Legislative Research. We talked about the role and purpose of the Rajya Sabha, treatment of money bills in a Westminster system, how the anti-defection law and party whips have hollowed out parliamentary function, parliamentary procedure, the role of the governor, and much more. Recorded June 24th, 2026. Read a full transcript enhanced with helpful links. Connect with Ideas of India Follow us on X Follow Shruti on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - Intro (00:01:33) - The Role and Purpose of the Rajya Sabha (00:14:46) - Money Bills, No-Confidence Motions, and Design Flaws (00:22:47) - GST and Constitutional Design (00:30:33) - One Country, One Tax System? (00:35:31) - The Problem with Anti-Defection Laws and Whips (00:43:55) - Who Will Bell the Cat? (00:50:53) - Parliamentary Pressures: Constitutional vs. Constituent Expectations (01:02:04) - Challenges Faced by State Legislatures (01:15:37) - Reforming the Office of Governor (01:27:18) - The Role of PRS in Parliamentary Functioning (01:35:13) - Outro

7/16/26 • 95:56

Today my guest is once again Rahul Sagar, who is a Global Network Associate Professor of Political Science at New York University Abu Dhabi. We talked about his new book The Birth of Indian Liberalism, the recovery of the forgotten nineteenth-century thinker Mama Parmanand, why his Letters to an Indian Raja counts as the first work of Indian political theory, how Indian liberals had to justify building a state out of chaos rather than restraining one that already existed, their fight against the social tyranny of caste, clergy, and family, the case for binding the ruler and educating the citizenry before extending the vote, the divergence between British India and the princely states, religion as a moral resource, the roots of Hindu nationalism, and much more. Recorded June 9th, 2026. Read a full transcript enhanced with helpful links. Connect with Ideas of India Follow us on X Follow Shruti on X Follow Rahul on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - Intro (00:02:37) - A Complete Unknown (00:08:53) - The Historical Context of Emerging Indian Liberalism (00:15:47) - Features of Parmanand's Liberal Project (00:21:36) - The Princely States vs. British India (00:27:47) - Religion and the Development of Indian Liberalism (00:37:05) - Neither Scientific Nor Divine (00:46:33) - What Constitutes a Work of Political Theory? (00:51:27) - The Ethics of Parmanand's Anonymity (01:02:50) - Outro

7/2/26 • 63:33

Today my guest is Sajjid Chinoy, managing director and chief India economist at J.P. Morgan. He is also currently serving as a part-time member of the Economic Advisory Council to the Prime Minister of India. Sajjid previously served on the Advisory Council to India's 15th Finance Commission and has served on a number of expert committees of the Reserve Bank of India. We talked about India's current balance of payments and capital account challenges, the constraints holding back private investment, why employment and exports have become first-order policy priorities, rupee depreciation, shrinking FDI, and much more. Recorded May 21st, 2026. Read a full transcript enhanced with helpful links. Connect with Ideas of India Follow us on X Follow Shruti on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - Intro (00:01:18) - Taking Stock of the Indian Economy (00:11:26) - Factors Dragging on Aggregate Demand (00:15:46) - Changing Policy Priorities for Indian Economic Growth (00:22:13) - Rethinking Fiscal Architecture in a Shock-Prone World (00:33:44) - Let the Rupee Depreciate (00:42:46) - Coping with Shrinking Capital Flows (00:50:00) - Improving India's Pull Factors (00:54:12) - Export-Led Growth and Improved Resilience (01:00:53) - Navigating Choke Points While Avoiding Autarky (01:07:33) - India's Trilemma (01:14:55) - Positive Signs of Resilience in the Indian Economy (01:18:41) - Outro

6/18/26 • 79:23

Today my guest is Ritam Chaurey, who is an Assistant Professor at Johns Hopkins University's School of Advanced International Studies. We talked about structural transformation in India over the last three decades, how firm level behavior responds to regulatory and fiscal changes, how firms choose between capital and labor, or permanent versus contractual labor, land use and factory location, and much more. Recorded April 29th, 2026. Read a full transcript enhanced with helpful links. Connect with Ideas of India Follow us on X Follow Shruti on X Follow Ritam on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - Intro (00:01:07) - The Industrial Disputes Act, Permanent Workers, and Contractors (00:10:14) - Impacts of Reliance on Contract Labor (00:16:02) - Labor Protections and Their Impact on Firm Behavior (00:22:35) - Binding Constraints and the Rise of 'Invisible Workers' (00:27:46) - Labor Supply Preferences in Structural Transformation (00:34:07) - A 'Bad Law,' Musclemen, and the Evolution of Debt Law in India (00:40:21) - SARFAESI's Unintended Consequences (00:46:28) - The Drop in Fixed-Capital Assets (00:48:57) - The Impact of Judicial Delays on Labor-Capital Substitution (00:52:41) - The Bankruptcy Code and Marginal Improvements (00:55:54) - Spillover Benefits of Relaxing Land Use Regulation (01:04:18) - Location-Specific Subsidies and Barrier Relaxation (01:06:36) - A Case Study: Uttarakhand and Himachal (01:13:32) - The Impact of New Bank Branches in Underbanked Communities (01:23:24) - The Demonetization Shock (01:29:48) - Outro

6/4/26 • 90:30

Today my guest is Dr. Pratap Bhanu Mehta, who is the Laurance Rockefeller Professor for Distinguished Teaching at Princeton and former president and chief executive of the Center for Policy Research, New Delhi. He is the author of various books and edited volumes, has served on various government committees, and is a columnist for the Indian Express. We talked about the return of nihilism in political life, the hollowing of professional identities, the politics of vishwas, Adam Smith on concentrated power, what it takes to build lasting institutions, the assumptions behind nonalignment, and much more. Recorded April 3rd, 2026. Read a full transcript enhanced with helpful links. Connect with Ideas of India Follow us on X Follow Shruti on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - Intro (00:01:11) - The Challenges Facing Liberalism (00:06:50) - The Erosion of Moral Authority (00:11:32) - Nationalism, Feminism, and the Arc of History (00:16:55) - Globalization and the Crisis of Community (00:22:06) - Sincerity, Context, and Intelligibility in a Digital Age (00:30:37) - Professional Identities as Sources of Moral Meaning (00:40:45) - Formal Inclusion and Continued Inequality (00:45:54) - Concentration of Power and the Distortion of the State (00:51:37) - The Politics of Vishwas (01:01:57) - On Caste and the Limits of Identity Politics (01:05:34) - The Question of Social Trust (01:14:08) - Trust-Building and Barriers to Desegregation (01:24:53) - Institutions of Higher Learning (01:39:31) - The Assumptions of Nonalignment (01:46:12) - Outro

5/21/26 • 106:54

Today we are releasing a webinar recording from April 24th where Milan Vaishnav and I had a conversation on delimitation in India. Milan is a senior fellow and the director of the South Asia Program at the Carnegie Endowment for International Peace. He is also the host of the excellent Grand Tamasha podcast where this recording will be simultaneously released.  We talked about the failure to pass the 131st constitutional amendment bill in Parliament, the government's intention to reapportion and increase the size of the Lok Sabha, the delimitation freeze pegged to the 1971 census that has survived five decades, why the fiscal bargain between states matters as much as the political bargain, and much more. Recorded April 24th, 2026. Read a full transcript enhanced with helpful links. Connect with Ideas of India Follow us on X Follow Shruti on X Follow Milan on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - Intro (00:01:24) - What is Delimitation? (00:35:03) - The Politics Behind the Constitutional Amendment (00:47:38) - The Political Arithmetic (00:51:53) - The Financial Bargain (01:30:21) - Outro  

5/6/26 • 91:03

Today my guest is Samanth Subramanian, who is a journalist and writer and the author of the recent books The Web Beneath the Waves and A Dominant Character: The Radical Science and Restless Politics of J. B. S. Haldane. We talked about under water sea cables and choke points in critical global infrastructure, the intersection of technology and geopolitics, large language models, JBS Haldane and the relationship between science and politics, and much more. Recorded March 25th, 2026. Read a full transcript enhanced with helpful links. Connect with Ideas of India Follow us on X Follow Shruti on X Follow Samanth on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - Intro (00:02:35) - Vulnerability and Resilience: Grappling with the Fragility of Undersea Connections (00:03:48) - Underwater Sea Cables (00:10:48) - How America's Big Tech Companies Dominate Bandwidth (00:14:37) - Concentration of Infrastructure (00:20:27) - The 2Africa Cable and Countries Without Leverage (00:27:17) - Geopolitical Vulnerabilities (00:34:51) - Indian Resilience (00:39:27) - Choke Points in the Global AI Economy (00:44:05) - The Challenges of Decommissioning Nuclear Plants (00:49:45) - On the Frontiers and Ethics of AI Technology (00:56:37) - Haldane's Legacy and Science in the Public Square (01:06:34) - Optimism and Pessimism About the Future of Science (01:12:59) - Outro

4/23/26 • 73:41

Today my guests are Arvind Subramanian and Devesh Kapur. Arvind is a Senior Fellow at the Peterson Institute for International Economics and a former Chief Economic Advisor to the Government of India. Devesh is the Starr Foundation Professor of South Asian Studies and Director of the Asia Programs at the Johns Hopkins. They are co-authors of the recent book, A Sixth of Humanity: Independent India's Development Odyssey. We talked about India's redistributive democracy, why Indian states have taken such different development paths, India's socialism and consequent scarcity, manufacturing challenges, and much more. Recorded February 13th, 2026. Read a full transcript enhanced with helpful links. Connect with Ideas of India Follow us on X Follow Shruti on X Follow Arvind on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - Intro (00:01:18) - A Sixth of Humanity (00:06:51) - The Effect of Education on State Development (00:13:39) - Redistributive Democracy in India (00:21:54) - One Democracy, Multiple Outcomes at the State Level (00:36:52) - Tamil Nadu (00:38:01) - The Collapse of Punjab (00:42:12) - Shades of Socialism in India (01:08:00) - Upside-Down State (01:26:36) - Manufacturing (01:46:23) - Outro

4/9/26 • 107:06

Today my guest is Dr. V Anantha Nageswaran, who is currently serving as the Chief Economic Advisor to the Government of India. He is also the co-author of the books Economics of Derivatives and The Rise of Finance: Causes, Consequences and Cures.  We talked about import substitution and strategic resilience, futures and options market, gross fixed capital formation, crypto markets, India's growth trajectory, and much more. Recorded March 12th, 2026. Read a full transcript enhanced with helpful links. Connect with Ideas of India Follow us on X Follow Shruti on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - Intro   (00:02:38) - Import Substitution as a Policy   (00:11:19) - Indian States' Spending Problem   (00:18:16) - Capital Formation   (00:25:47) - Increasing Financialization   (00:30:21) - Options and Futures Markets in India   (00:34:15) - Securities Transactions Tax (STT)   (00:40:27) - Curbing Crypto   (00:46:01) - How Should We Approach Policy Regulation?   (00:51:04) - Deregulation   (00:53:41) - Digital Public Infrastructure   (00:56:28) - India's Growth Trajectory  

3/26/26 • 67:49

Today my guests are Ornit Shani and Rohit De, historians and the authors of the latest book Assembling India's Constitution. Ornit Shani is an associate professor of history at the University of Haifa and the author of How India Became Democratic: Citizenship and the Making of the Universal Franchise. Rohit De is an associate professor of history at Yale University and the author of A People's Constitution: The Everyday Life of Law in the Indian Republic.  We talked about how their latest book is a radical departure from the usual telling of the making of the Indian Constitution as an elite project, the mass mobilization that took place during the drafting of the constitution, the role of public participation in political negotiation, the status of provincial legislatures and of princely states during the constitution making, and much more. Recorded January 20th, 2026 and February 10th, 2026. Read a full transcript enhanced with helpful links. Connect with Ideas of India Follow us on X Follow Shruti on X Follow Ornit on X Follow Rohit on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - Intro (00:02:49) - Situating Rohit and Ornit's Book (00:13:52) - More Than the Text (00:27:22) - Provincial Legislatures (00:35:40) - India's Princely States (01:01:04) - Mass Mobilization (01:16:10) - Theater and the Constitution (01:26:06) - Judicial Interpretation (01:31:21) - Future Projects (01:34:08) - Outro

3/12/26 • 94:51

Today my guest is Pranay Kotasthane who is the deputy director of the Takshashila Institution and chairs the High Tech Geopolitics Programme.  Pranay co-writes Anticipating the Unintended, a newsletter on public policy ideas and frameworks, and co-hosts Puliyabaazi, a popular Hindi-Urdu podcast on politics, policy, and technology. He is the co-author of - Missing in Action: Why Should You Care About Public Policy, When the Chips are Down, and the graphic nonfiction narrative We, the Citizens.   We spoke about rare earths and critical minerals, China's dominance, the gap between India's ambitions and opportunities, the potential for recycling, and much and more. Recorded February 2nd, 2026. Read a full transcript enhanced with helpful links. Learn more about The 1991 Fellowship. Connect with Ideas of India Follow us on X Follow Shruti on X Follow Pranay on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - 1991 Fellowship (00:01:11) - Intro (00:02:59) - Rare Earths versus Critical Minerals (00:10:15) - Why Are Rare Earths and Critical Minerals So Important Now? (00:29:29) - Geopolitical Uncertainty (00:33:14) - China's Process Advantage (00:44:10) - Industrial Policy (00:48:10) - India's Critical Elements Mission (00:53:00) - Auctions (00:56:53) - India's Position in the Value Chain (01:04:36) - Recycling (01:34:04) - Law of One Price (01:41:28) - Pakistan and Rare Earth Reserves (01:46:26) - Outro

2/26/26 • 107:09

Today my guest is Nachiket Mor, a health economist whose work focuses on the design of national and regional health systems. He is a visiting scientist at the Banyan Academy of Leadership in Mental Health, a senior research fellow at the Centre for Information Technology and Public Policy at IIIT Bangalore, and a commissioner and author on the Lancet Citizens' Commission on Reimagining India's Health System, which published its final report in The Lancet in January 2026. We talked about the different layers of the Indian healthcare system, the design and policy failures in both public and private sector healthcare, the role of community workers, the health insurance and regulation market, and much more.  Recorded January 29th, 2026. Read a full transcript enhanced with helpful links. Learn more about The 1991 Fellowship. Connect with Ideas of India Follow us on X Follow Shruti on X Follow Nachiket on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - 1991 Fellowship (00:01:11) - Intro (00:02:32) - Policy Design Failure in India's Healthcare System (00:07:43) - Layers of Indian Healthcare (00:14:04) - ASHA Workers (00:23:59) - State Capacity (00:26:47) - The Exit to the Private Sector (00:34:00) - Getting Ambitious with ASHA Workers (00:37:54) - Stacking Healthcare (00:51:53) - India's Private Sector Healthcare (01:05:14) - Government Insurance Instruments (01:13:10) - Insurance Regulation in India (01:41:09) - Outro

2/12/26 • 101:52

Today my guest is Akshay Jaitly, the author of the recent book, Trilegal: The Making of a Modern Indian Law Firm. He is one of the founders of Trilegal and specializes in advising on energy and infrastructure projects. His research interests include power sector reform, the energy transition and public-private contracting. We talked about how Trilegal grew in the context of India's market liberalization and sectoral reforms, different partnership structures, delegated legislation, regulatory capture, the alchemy between the founding partners, and much more. Recorded January 6th, 2026. Read a full transcript enhanced with helpful links. Learn more about The 1991 Fellowship. Connect with Ideas of India Follow us on X Follow Shruti on X Follow Akshay on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - 1991 Fellowship (00:01:11) - Intro (00:02:20) - In the Shadow of Liberalization (00:07:28) - Specialization (00:20:55) - Delegated Legislation (00:28:35) - Managing Risk (00:33:30) - Dispute Resolution (00:38:44) - Trilegal's Partnership Structure (00:51:57) - Scaling (00:59:42) - Design or Alchemy? (01:05:08) - Regulatory Capture (01:11:27) - Foreign Law Firms (01:19:08) - Outro

1/29/26 • 79:50

Today my guest is Renuka Sane who is the managing director of Managing Director of Trustbridge. An institution that seeks to improve India's business environment by improving the rule of law. Renuka was a member of many expert committees including: the Task Force of Experts set up by the Employees Provident Fund Organisation; the research team of the Bankruptcy Legislative Reforms Commission; the Pension Advisory Committee of the Pension Fund Regulatory Development Authority; and the Working Group on personal insolvency at the Insolvency and Bankruptcy Board of India. She received a Ph.D. in Economics from the University of New South Wales.  We talked about the old, new, and unified pension scheme and related reforms over the last few decades in India, India's broader financial regulation framework, separation of powers in regulatory authorities, the way regulatory orders are written, and much more.  Recorded December 17th, 2025. Read a full transcript enhanced with helpful links. Learn more about The 1991 Fellowship. Connect with Ideas of India Follow us on X Follow Shruti on X Follow Renuka on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - The 1991 Fellowship (00:01:09) - Intro (00:02:49) - India's Pension System (00:35:42) - Private Sector Pension Schemes (01:06:28) - Regulatory Orders (01:24:03) - Improving Transparency at the Reserve Bank of India (01:34:57) - Outro  

1/15/26 • 95:54

Today my guest is Snigdha Poonam who is a journalist and writer. She is the author of the new book Scamlands and also the author of the 2018 award winning book Dreamers: How Young Indians Are Changing Their World. We talked about the scam industrial complex in different states like Jharkhand,  Assam and Tamil Nadu in India, the interaction between the scam economy and the formal economy, the transnational scams in China and Cambodia and how they are connected to India, the aspirations and traumas of the scam work force and much more.  Recorded November 17th, 2025. Read a full transcript enhanced with helpful links. Learn more about The 1991 Fellowship. Connect with Ideas of India Follow us on X Follow Shruti on X Follow Snigdha on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - Intro (00:01:13) - The Scam-Industrial Complex (00:03:48) - On Jamtara and the Economics of Joining a Scam (00:09:12) - The Moral Logic of Scamming (00:13:31) - How the State Enables the Scam Economy (00:15:54) - Inside Assam's Paperwork and Insurance Scams (00:23:04) - The Politics of Legibility in Assam (00:32:47) - Women in the Scam Economy (00:38:32) - How Scammers Get Trapped Inside the System (00:46:18) - From Local Scams to Transnational Cybercrime (00:52:18) - Scam Slavery in Southeast Asia (01:02:15) - Reporting on the Shadow Economy (01:10:49) - Starting the Story (01:16:54) - From Aspiration to Desperation (01:21:56) - Closing Reflections (01:27:08) - Outro

1/2/26 • 87:59

Shruti and Ideas of India producer Dallas Floer sit down for the 2025 end-of-year episode. They look back at key themes and top episodes from the past year, address listener questions, and look forward to what's in store for Shruti and the show in 2026. Recorded December 16th, 2025. Read a full transcript enhanced with helpful links. Learn more about The 1991 Fellowship. Connect with Ideas of India Follow us on X Follow Shruti on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - Intro (00:01:03) - Listener Questions (00:25:50) - Big Themes and Top Episodes (00:42:21) - Personal Moments  (00:46:53) - Looking to 2026 (00:49:47) - Hope or Concern for Next Generation (00:51:45) - Intellectual Mood Around India (00:53:01) - Shruti and Animals (00:56:52) - What's New for 2026 (01:00:07) - The Ideas of India Team (01:05:21) - Thank You's (01:09:49) - Outro

12/23/25 • 70:36

Our seventh and final scholar in the series is Ammu Lavanya, a PhD candidate in Economics at George Washington University. Her research is in the areas of International Finance, Monetary Economics, Empirical Banking and Financial History. We spoke about her job market paper titled International Financial Flows, Credit Allocation and Productivity. We talked about financial liberalization in India, the 2004 banking reform that increased the ceiling on raising foreign equity its impact on  market value, lending capacity and increasing productivity through credit in India, the difference between private versus state owned banks, and much more.  Recorded October 9th, 2025. Read a full transcript enhanced with helpful links. Connect with Ideas of India Follow us on X Follow Shruti on X Follow Ammu on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - Intro (00:03:06) - Understanding Capital Inflows and Financial Liberalization (00:04:36) - Concerns Around Foreign Capital and Hot Money Flows (00:07:12) - The Banking Reform and Ownership Landscape in India (00:12:10) - Banks Most Affected and Patterns of Foreign Investment (00:17:05) - Impact on Borrowing Capacity and Lending Behavior (00:19:38) - Productive Lending and Screening Mechanisms (00:25:53) - Managerial Practices and Governance Improvements (00:34:20) - Firm-Level Effects and Data Construction (00:39:50) - Aggregate Effects and Decline in Misallocation (00:45:19) - Implications for Policy and the Future of Liberalization (00:48:42) - Differences Between Public and Private Banks (00:53:15) - Outro

12/4/25 • 54:10

Our sixth scholar in the series is Nayantara Biswas is a postdoctoral research fellow at the Beth Israel Deaconess Medical Center. She received her Ph.D. in economics from Clark University. Her research focuses on health equity impact evaluations of small-scale interventions and large-scale public policies. We spoke about dissertation titled, The Impact of Social Policies on Reproductive Health, Maternal Employment, and Child Health: Evidence from India. We talked about demand side versus supply side policy interventions in public health, India's maternal health policy landscape, the ASHA workers program, variation across states in policy impact and much more.  Recorded August 28th, 2025. Read a full transcript enhanced with helpful links. Connect with Ideas of India Follow us on X Follow Shruti on X Follow Nayantara on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - Intro (00:01:35) - Setting the Stage (00:04:44) - India's Maternal–Child Health Policy Landscape (00:08:29) - Uneven Progress: State Differences, Culture, and Measurement Challenges (00:09:24) - Who Are the ASHA Workers? (00:11:56) - Trust, Access, and the Information Channel (00:14:26) - Pay, Hours, and Unionization: Why Conditions Vary by State (00:16:50) - How Incentives Are Structured (00:21:44) - From Design to Data: Building the District-Level Panel (00:25:20) - We Are Measuring ASHAs—and Something Else (00:26:45) - DiD Simplified: How the Causal Claim Works (00:33:45) - Policy Implications: Where to Invest and How to Train (00:36:53) - Cost-Effectiveness: Supply vs. Demand (00:39:53) - Why Supply-Side Effects Take Time (00:41:50) - Beyond Pregnancy: Anganwadi Daycare and Women's Work (00:46:27) - Outro

11/20/25 • 47:31

Our fifth scholar in the series is Karthik Narayan, who is a doctoral candidate in Economics at Nuffield College and at the Department of Economics, University of Oxford.  His research focuses on monetary policy, macroeconomics and finance in developing countries. We spoke about his job market paper titled, Macroeconomic Effects of Scheduled and Unscheduled Monetary Policy Surprises. We talked about how the Reserve Bank of India makes and announces its policies, its impact on interest rates, inflation expectations and output, measuring the impact of policy announcements, the Lucas Critique and much more. Recorded August 28th, 2025. Read a full transcript enhanced with helpful links. Connect with Ideas of India Follow us on X Follow Shruti on X Follow Karthik on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - Intro (00:03:22) - Measuring Causality Is Hard (00:11:16) - What Counts as a Policy Surprise?  (00:13:27) - OIS and MIBOR: Expectation Thermometers (00:21:11) - Short term versus long term effects on asset prices   (00:27:18) - Noise and Fiscal-Monetary Coordination (00:32:46) - Inflation Before and After the MPC (00:37:24) - The Lucas Critique (00:40:51) - Practical Implications (00:45:48) - Other Research Interests  (00:47:39) - Outro 

11/6/25 • 48:54

Our fourth scholar in the series is Asad Tariq, who is a doctoral candidate in Economics at the Indian Institute of Technology, New Delhi. His research focuses on the political economy of development, with a particular interest in religion, politics and public service delivery in India. We spoke about his job market paper titled, Constituencies of Change: Electoral Redistricting and Public Goods Provision in India. We talked about the 2008 delimitation exercise, especially at the state level, gerrymandering, the median voter versus swing voters and ethnic groups, public service delivery for minorities, especially Muslims, and much more. Recorded September 5th, 2025. Read a full transcript enhanced with helpful links. Connect with Ideas of India Follow us on X Follow Shruti on X Follow Asad on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - Intro (00:02:42) - Packing and Cracking (00:05:10) - From Theory to Ballots (00:06:40) - Median Voter Logic: A Mechanism in Play (00:08:24) - Delimitation as an exogenous shock? (00:19:06) - Does Identity of the elected leader matter? (00:20:10) - Enter: Swing Voters (00:23:07) - Schools, Roads, and Wires: Evidence on Public Goods (00:26:21) - Crunching the Numbers (00:29:44) - Drawing the Lines: Gerrymandering Then and Now (00:37:41) - Outro

10/23/25 • 38:29

Our third scholar in the series is Chetana Sabnis, who is a doctoral candidate at the Department of Political Science at Yale University. Her research focuses on how states regulate intimate relationships and construct hierarchies of familial belonging. We spoke about her job market paper titled, The Intimacy Contract in Action: How Indian Courts Determine which Extramarital Relationships Deserve Recognition. We talked about extramarital affairs, polygamous relationships, Uniform Civil Code, social versus legal acceptance, and much more.  Recorded September 5th, 2025. Read a full transcript enhanced with helpful links. Connect with Ideas of India Follow us on X Follow Shruti on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - Intro (00:01:23) - How Courts Recognize "Family" (00:03:12) - Why This Paper? Rethinking "Family" (00:05:28) - India's Legal Patchwork: Customs vs. Code    (00:11:07) - Judicial Heuristics: Rituals, Cohabitation, Children    (00:14:44) - Endogamy vs. Interfaith: Law, Bias, and Recognition (00:22:22) - How the State Views Children (00:25:27) - Welfare Logic & Gendered Maintenance  (00:29:29) - UCC and the "Intimacy Contract" (00:35:48) - The Role of the State (00:42:30) - Contract vs. Sacrament (00:49:00) - Outro

10/9/25 • 51:24

Our second scholar in the series is Sunny Rai, who is a postdoctoral fellow at the Department of Computer and Information Science University of Pennsylvania. She received her Ph.D. in Computer Engineering from University of Delhi. Her research focuses on misinformation, mental health and cross-cultural variations in human language. We spoke about her co-authored job market paper titled, Social Norms in Cinema: A Cross-Cultural Analysis of Shame, Pride and Prejudice. We talked about depictions of shame and pride and heroism in Indian versus American films, the challenges with textual analysis of a visual medium, and much more. Recorded September 5th, 2025. Read a full transcript enhanced with helpful links. Connect with Ideas of India Follow us on X Follow Shruti on X Follow Sunny on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - Intro (00:03:44) - Shame and Pride in Film (00:12:31) - Teaching Machines Norms (00:16:52) - Textual Analysis in a Visual Medium (00:18:26) - The Trouble with Subtitles and Scripts (00:27:41) - Self-Shaming vs. Other-Shaming (00:30:33) - LLM Alignment Needs a Culture Check (00:36:20) - Looking Ahead: A Final Reflection (00:37:01) - Outro

9/25/25 • 38:01

Our first scholar in the series is Kartik Srivastava, who is a PhD candidate at the Kennedy School at Harvard University. Before this, he received his bachelor's degree from Yale University, where he majored in Economics and Engineering Sciences.  His research focuses on development economics, labor economics, and political economy. We spoke about his job market paper titled, Familiar strangers: Evidence from referral-based hiring experiments in India. We talked his large-scale experiment at a footwear manufacturing firm in Delhi, on how referral-based hiring improve firm productivity, cohesion, and inclusion, differences in hiring between higher caste versus lower caste networks, feudalism and labor opportunities, and much more. Recorded August 28th, 2025. Read a full transcript enhanced with helpful links. Connect with Ideas of India Follow us on X Follow Shruti on X Follow Kartik on X Click here for the latest Ideas of India episodes sent straight to your inbox.

9/11/25 • 47:41

Today my guest is Narayani Basu, who is a historian and the author of the latest book, A Man for All Seasons: The Life of K. M. Panikkar. Her last book was a biography of V.P. Menon: The Unsung Architect of Modern India.  We talked about KM Panikkar, his comparison with VP Menon, the Indian nationalist movement in the interwar years, the origins of India's diplomatic relationship with China, Pannikar's Zionism and much more.  Recorded August 1st, 2025. Read a full transcript enhanced with helpful links. Connect with Ideas of India Follow us on X Follow Shruti on X Follow Narayani on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - Intro (00:01:07) - The Elusive K. M. Panikkar (00:07:52) - Panikkar's and the Indian National Movement (00:19:32) - Panikkar's Intellectual Arc (00:26:45) - Unifying an Indian Identity (00:35:38) - India's Princely States (00:40:19) - Panikkar and China (00:54:43) - Panikkar and the 1950s (00:59:43) - Panikkar's Thought vs. His Government Work (01:08:35) - Panikkar's Blind Spots (01:15:48) - Panikkar and Today's India (01:18:27) - Outro

8/28/25 • 80:03