Many analysts and observers of India’s economy are proclaiming that India’s moment has arrived and it is now poised to rival China in terms of economic prosperity. However, Dr. Ashoka Mody, Professor of Economics at Princeton University with rich experience in the global economy, contradicts this assertion by saying that India is still mired in deep economic malaise. In this episode, Dr. Ijaz Nabi and Dr. Ashoka Mody disentangle India’s economy and explain how India’s economic problems are relevant to Pakistan.
Dr. Ijaz Nabi is Country Director of Pakistan at the International Growth Centre (IGC). He is a member of Pakistan Prime Minister’s Economic Advisory Council, chairs the boards of Punjab Population Innovation Fund and Punjab Skills Development Fund, and is on the board of Pakistan Poverty Alleviation Fund (PPAF). He formerly worked at the World Bank in Washington DC (1986-2008), working in Mexico, Korea, Thailand (leading the World Bank team during the East Asian financial crisis), Malaysia, Korea, Laos and Myanmar. In 2002-2008, he was Manager of Economic Policy for South Asia region.
Dr. Ashoka Mody is the Charles and Marie Robertson Visiting Professor in International Economic Policy and Lecturer in Public and International Affairs at the Woodrow Wilson School of Public and International Affairs, Princeton University. Professor Mody was Deputy Director in the International Monetary Fund’s Research and European Departments. He has worked at the World Bank, AT&T’s Bell Laboratories, and the Centre for Development Studies, Trivandrum. He received his Ph.D. in Economics from Boston University.