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Who really runs India’s economy? | 1991 reforms | GST | IAS | Macro Matters Ep 4 | Podcast

Business Standard

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In this episode of Macro Matters, veteran journalist A. K. Bhattacharya joins us to discuss a crucial question: Who really runs the Indian economy? From the role of the bureaucracy and the legacy of the 1991 reforms to GST, compliance, and regulation, we explore whether India's institutions have evolved as fast as its economy.

Chapters
00:00 - Introduction
02:50 - Corporate India and the Administrative State
20:15 - Has India really liberalised? Or has the State simply changed?
23:40 - What was the change that 1991 reforms brought?
28:35 - Did India dismantle the Licence Raj—or did it simply replace it with a Compliance Raj?
35:30 - Quality Control Orders: When quality becomes a policy tool
42:35 - GST at Nine: Did simplicity become complexity?
52:05 - Who really runs the Indian Economy?

#podcast #indianeconomy #bureaucrats #politicians #ias #administrativeservices #liberalisation

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8 Comments

@ArvindSharma-e7z 2 months ago

I think initially retired civil servants occupied critical positions because India was a young country economically and otherwise and the major question was where will the people with brains and experience will come from. Where will we get access to this kind of manpower. That is certainly not the case at present and there should be more public sector and private sector overlap in policy making in general

@indiafirstalways-p5q 2 months ago

Very nice discussion loved it..the perspective he kept about gst which was good for the economy but implementation could been better was perfect..I think the nation is progressing..we can have opinions on fast or slow..good discussion overall Business Standard and team

@dinu4868 2 months ago

Discussion is all politics , less economy

@sundaramspeaks 2 months ago

I don't align me with any political party. I'm father of two sons and in the last decade, both my sons were affected by the policies of this govt. The recent CBSE online valuation affected my family and the unemployment/ policies of the govt as well.

For those who are pro/ against govt may jumpin to comment and until you and your family got affected you will not understand.

A party which came in to eradicate dynastic rule has same ministers running the ministry for years with no expertise.

I'm a tamizh and recent elections in Tamilnadu will be an eye opener for entire India in 2029.

Jai Hind.

@whatswrongwithakash 2 months ago

Does having connections in the departments get you a discount on bribes?

@sinivlogzz 2 months ago

V...bt 🎉wdnt gt justice yet

@cappuccino_bong 2 months ago

A clue less corrupt govt of 12 years and a sold out godi media which never asks questions to the government - two main reasons why India has fallen so behind every other country - our competition is now with Pakistan Afghanistan Bangladesh Rwanda Burundi