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episode 103: India’s new economic era?
India’s Prime Minister Narendra Modi this month announced a financial assistance package totalling INR 20 trillion (USD 265bn) to help mitigate the economic fallout of the COVID-19 pandemic. Most of the measures are aimed at increasing credit availability to small and medium-sized companies, many of which are now suffering acute financial distress as a result of over two months of one of the world’s harshest pandemic lockdowns. Dane Chamorro is joined by Pratyush Rao, who leads Control Risks’ analysis on India and South Asia, to discuss how Modi – once dubbed the great economic reformer of India, and now well into his second term – is hoping to lead India on the long road out of the crisis.