ANI Podcast with Smita Prakash
Dr Shamika Ravi is a Member of the Economic Advisory Council to the Prime Minister and a Secretary to the Government of India. Her research focuses on development economics, with a special emphasis on finance, healthcare, urbanisation, gender equality, welfare, and poverty. In this episode of the ANI Podcast with Smita Prakash, Dr Shamika Ravi discusses how the West Asia crisis impacts India's economy. She responds to critics who argue that India's growth story is over and shares her views on foreign direct investment, India's position in the artificial intelligence race, the falling rupee, rising inflation, and the country's economic outlook in 2026. Timestamps 00:00 – Introduction 00:48 – India's Economic Future 04:29 – Foreign Direct Investment 07:11 – India's Approach to AI 11:09 – Indians' Purchasing Power 15:13 – Nuclear Reactors 17:28 – COVID-Like Crisis Coming? 19:56 – Advice for Investors 22:09 – India's Economic Growth 25:16 – Freebies and Welfare Politics 29:24 – Rural vs. Urban Consumption 30:52 – Economic Reforms 40:43 – PM's Advice Against Buying Gold 44:43 – World Abandoning Free Market? 48:43 – Market Privatisation in India 50:26 – Market Solutions for New-Age Problems 56:20 – India's Demographic Dividend 1:06:03 – Demographic Change in India 1:10:06 – Women's Reservation 1:18:24 – PM Modi's Economic Vision for 2047
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