Are freebies destroying our economy | Shamika Ravi

In this insightful episode of the Growwing India Podcast with Monika Halan, we hold a wide-ranging conversation with Dr. Shamika Ravi, renowned economist and member of the Economic Advisory Council to the Prime Minister (EAC-PM), to dive deep into India’s economic landscape. A thought-provoking discussion that sheds light on the opportunities and hurdles India faces on its path to 8% GDP growth. Topics covered include: -Understanding multidimensional poverty -Tendulkar vs Rangarajan poverty measurement methods -The reliability of public economic data -Sustainability of welfare schemes in India -The dynamics between poverty reduction and industry growth -Challenges with consumption-led growth -The role of private and government investments -Regional development comparisons: Gurgaon vs Noida -Corruption’s impact on the economy -Economic costs of populist freebies If you’re interested in Indian economics, policy, and development, this episode is a must-watch! Timestamps: 00:00 Episode Highlights 04:54 Introduction of Dr. Shamika Ravi 06:00 Overview of the Work of the EAC-PM 07:21 Discussion on Multidimensional Poverty 08:51 Tendulkar and Rangarajan Poverty Measurement Methods 12:12 Evaluation of the Reliability of Public Data 14:10 Examination of the Sustainability of Welfare Schemes 18:00 The Interplay Between Poverty Reduction and Industrial Growth 24:00 Assessment of the Timeliness of Welfare Programs in India 28:20 Analysis of the Disconnect Between Consumption and Economic Growth 33:40 Issues Surrounding Contract Enforcement 36:23 Role of Private and Government Investments 40:28 Comparative Development: Gurgaon versus Noida 43:00 The Impact of Corruption in India 49:25 Economic Implications of Populist Freebies 57:46 Closing Remarks and Outro Find us here: Android app: https://app.groww.in/v3cO/f9o4prne iOS app - https://app.groww.in/v3cO/tu0yrc3e Website - https://groww.in/