Global Upheaval, National Ambition: India’s Policy Shifts in a Time of Flux

In this episode, author and journalist Puja Mehra speaks to economist Dr. Rajiv Kumar about his new book “Everything All At Once: India and the Six Simultaneous Global Transitions” co-authored with Ishan Joshi. The book argues that at a time the world is in a geoeconomic and technological flux, India’s development goals cannot be met through “business as usual.” Drawing on decades of experience, Dr. Kumar explains that India is perhaps the only country in world history that must develop while reducing its carbon footprint at the same time.

This too at a time the US is abandoning its universalist approach, China is rising, and there is a widespread sense of unease in major capitals at the emergent fragmented world order. The sense of optimism at the end of the Cold War, despite lingering issues of power asymmetry and inequitable growth, has dissipated. 

Dr. Kumar argues that Indian policymakers must ensure they are not seduced into tackling the ongoing transitions in either a piecemeal fashion or within a linear framework. The six global transitions demand a rethink of policy priorities. In the absence of such a construct, India faces the unsavoury prospect of being caught in the middle-income trap, and not achieving its aspirations of becoming a developed economy (Viksit Bharat) by 2047, he cautions. 

Tune in for insights on how India needs to go about developing a new policy framework to successfully address the multiple simultaneous global challenges.

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