EP-430 | Economist Surjit Bhalla's Shocking Take on Indian Economy | ANI Podcast with Smita Prakash

EP-430 | Economist Surjit Bhalla's Shocking Take on Indian Economy | ANI Podcast with Smita Prakash

Surjit Bhalla is an economist, author, and columnist. He was a part-time member of Prime Minister Narendra Modi's Economic Advisory Council. He also served as Executive Director at the IMF for India, Bangladesh, Bhutan, and Sri Lanka. In this episode of the ANI Podcast with Smita Prakash, Surjit Bhalla shares his views on why India may not achieve its Viksit Bharat goal by 2047 if it continues with business as usual. He also says, "Senior babus who make decisions but are never held accountable are India's real deep state." The conversation covers Prime Minister Narendra Modi, India's economy, the rupee, China, foreign direct investment, demonetisation, GDP, and the reforms India needs to accelerate economic growth. 00:00 – Introduction 03:03 – India's Economic Future 12:51 – Why India Overprotects Its Industries 16:42 – Lessons From Vietnam 21:07 – Viksit Bharat 2047 Target Realistic? 24:25 – India's Growth Story 36:43 – Why India Hesitates to Reform 42:24 – Agriculture and Dairy Sector 50:14 – China's Agriculture Model 56:39 – Manufacturing in West Bengal 1:01:15 – India's Next Window for Reforms 1:09:46 – Why Isn't FDI Coming to India? 1:13:51 – India's Job Challenge 1:21:13 – The Freebies Debate 1:30:06 – Demonetisation 1:34:27 – India's Middle Class Really Growing? 1:38:11 – Advice for Prime Minister Modi

EP-429 | India vs Pakistan Over Indus Waters Treaty: 'Water War' Coming Soon? | Tilak & Uttam

Tilak Devasher is the author of four widely acclaimed books on Pakistan and a former member of the National Security Advisory Board. He lives and breathes Pakistan, closely tracking its politics, military, and society. Uttam Kumar Sinha is a scholar and commentator on transboundary rivers, climate change, and the Arctic. He is a Senior Fellow at the Manohar Parrikar Institute of Defence Studies and Analyses and the author of 'Trial by Water: Indus Basin and India-Pakistan Relations' (2025) and 'Indus Basin Uninterrupted' (2021). In this edition of the ANI Podcast with Smita Prakash, the guests discuss the Indus Waters Treaty, signed between India and Pakistan in 1960, and how it has become the latest flashpoint between the two countries. Will Pakistan face a water crisis due to the suspension of the treaty? More on Ayub Khan, Nehru, Modi and Asim Munir. Timestamps 00:00 – Introduction 02:00 – Indus Waters Treaty Geography 07:54 – Nehru's Vision 14:39 – Importance of Chenab 22:12 – Pakistan's Water Crisis 27:50 – India's Dam Projects 35:40 – Abeyance of Water Treaty 40:07 – India's Water Storage Capacity 46:20 – Chenab-Beas Link Project 54:49 – Pak's Diplomatic Strategy 1:03:20 – How Indus Waters Treaty Was Signed 1:11:23 – Pakistan's Internal Water Conflict 1:18:10 – India's Narrative

EP-428 | "Energy Security Decides India's Future" Bank of America Chief India Economist Rahul Bajoria

Rahul Bajoria is the Head of India and ASEAN Economic Research at Bank of America (BofA). In this episode of the ANI Podcast with Smita Prakash, Rahul Bajoria discusses the impact of falling rupee, inflation, foreign investment, AI's impact on jobs, and what lies ahead for the Indian economy. He also explains why strengthening India's energy security is essential to protecting the economy from future global shocks. 00:00 - Introduction 00:33 - India's Growth Story 03:18 - Manufacturing in India 07:21 - Foreign Investment 09:29 - Investment Boost 13:16 - Inflation vs. Growth 14:56 - Oil Prices & the RBI's Next Move 16:35 - Indian Stock Market 18:46 - Investment Strategy 25:09 - India's Consumption Story 30:15 - Make in India & Exports 34:37 - AI, Jobs & Unemployment 44:12 - Bank Lending vs. Deposit Growth 52:20 - Falling Rupee 55:28 - Lessons from ASEAN Economies 1:00:18 - Risks to India's Economy 1:03:21 - Top 3 Economic Reforms for India

EP-427 | US-Iran Deal, Pakistan's Role, Trump's Retreat & India's Stakes | Former Envoy Talmiz Ahmad

Talmiz Ahmad is one of India’s most experienced diplomats, with decades of work across West Asia, the Gulf, and global strategic affairs. A former Ambassador to Saudi Arabia, Oman, and the UAE, he has watched world politics change from the front row. In this edition of the ANI Podcast with Smita Prakash, he says Benjamin Netanyahu misled Donald Trump by promising a quick victory in Iran, only for the war to drag on. He calls Trump an unpredictable leader, argues that U.S.-Israel ties have suffered, discusses Pakistan's role in the peace talks, and explains why the Iran war is India's war because New Delhi's strategic interests lie in the Gulf. 00:00 – Introduction 01:35 – US-Iran Talks 03:51 – Netanyahu's Influence 06:33 – Trump's Shift on Israel 10:26 – Israeli-Palestinian Conflict 14:18 – Hegemon in West Asia 21:25 – Trump Vs Netanyahu 26:59 – Pakistan's Role 33:49 – Netanyahu's War Strategy 37:27 – Gulf's Response to Israel 43:29 – Pakistan's Influence 52:36 – Why West Asia Matters to India 57:27 – New Multipolar World Order

EP 426 | Dhaka to Kathmandu to New Delhi: Truth About Gen Z Protests | Sanjay Bhardwaj & Pathikrit Payne

Pathikrit Payne has over 20 years of experience in journalism and policy analysis. He is currently a Senior Fellow at the Syama Prasad Mookerjee Research Foundation. Sanjay Bhardwaj is the former Chairperson of the Centre for South Asian Studies at Jawaharlal Nehru University's School of International Studies. He specialises in India's foreign policy towards its neighbours, including Bangladesh, Pakistan, Nepal, Sri Lanka, Afghanistan, and China. In this episode of ANI Podcast with Smita Prakash, the guests discuss the Gen Z-led protests in India's neighbouring countries, the rise of the Cockroach Janata Party, and whether Gen Z has the power to influence or even topple a government in India. 00:00 - Introduction 01:40 - Youth in West Bengal & Tamil Nadu 13:55 - Youth Protests Around the World 21:44 - Challenges to Democracy 33:53 - Are India's Youth Angry? 46:04 - Gen Z Protests 1:02:10 - The Sanatan Debate 1:12:40 - Do Neighbours Distrust India? 1:24:33 - India-Bangladesh Relations 1:37:57 - The Aspirations of Today's Youth