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Entrepreneur and thinker Jerry Rao joins Growth is Good to reflect on India’s reform story — from the unlikely rise of the software and BPO industries to why simplifying taxes and fixing administration are key to sustaining growth. Chapters: 0:00 – 1:51 Promo 1:52 – 7:55 Teachers’ unions, election roles, & why admin reform must precede attitude change 7:56 – 9:38 “We lost 20 years”: License Raj, FERA, & anti-business training of the bureaucracy 9:39 – 15:47 Targets, tax harassment, appeals-as-punishment, and how it strangles small firms 15:48 – 16:31 From policy to practice: why execution trumps intent 16:32 – 35:40 (General reform context) Culture, bureaucracy, and risk aversion in India’s growth story 35:41 – 57:14 (Broader policy thread) PILs, POSCO, copper, and how process blocks projects 57:14 – 57:33 Setting up the software/BPO question 57:33 – 1:02:15 How India’s IT boom “happened by accident”: SEEPZ rules, exporting “over the wire,” the floppy-disk hack, self-certification, and early BPO 1:02:15 – 1:05:07 The 16%–16% idea: one GST rate, one income-tax rate; why complexity breeds gaming 1:05:07 – 1:06:01 Flat, simple, predictable beats exemptions and discretion 1:06:02 – 1:08:38 Start with administration: defense reforms by memo; stop revenue “targets” and serial appeals 1:08:38 – 1:10:21 Our administrative DNA: colonial incentives, exchange rate for pensions, and lingering habits 1:10:22 – 1:13:38 Teacher unions again, absenteeism, why vouchers/private schools bypass the gridlock 1:13:38 – 1:15:32 Unintended consequences: tax “terrorism” doesn’t raise revenue; it kills activity 1:15:32 – 1:16:24 Politics of ideas: why persistent articulation (Fabians-style) still matters 1:16:24 – 1:20:48 Culture, commerce, and closing reflections on India’s reform path Tune in on Spotify: Watch more episodes of Growth is Good: • How India’s IT Boom Took Off and Why Tax R... Subscribe to our newsletter: https://mailchi.mp/fedev.org/amitabh-...