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197 - The State Of The Economy With Harsh Madhusudan | Policy | Bharatvaarta

With a GDP of $3.1 trillion, India is the world's sixth-largest economy. India's GDP will likely grow by 8-8.5% in FY22, according to the 2021-22 Economic Survey. India’s GDP growth has remained steady, stable and resilient. has steadily increased from 4.4% in the 1970s and 80s to 5.5% during the 1990s and early 00s, and further to 7% in the late 2010s. The country's large spatially diversified economy, which is not dependent on a few products, commodities, or natural resources, has further added strength to it. The Covid-19 pandemic resulted in the most severe recession in the country since 1979. From April to June 2020, the GDP growth crashed by 23.9% in the wake of the nationwide lockdown imposed by the government. India’s GDP shrank 7.3% in 2020-21. To speak about the unique state of India's growth trajectory, we invited CFA, investor, and author, Harsh Madhusudan to speak about this topic. In this episode, he tackled topics such as inflation, the impact of VC funding on the Indian startup ecosystem, reference points for measuring growth and progress, and his upcoming book on the future of India. 0:00 - Introductions 1:00 - What's happening on the Indian economy front 6:37 - Reference points for measuring growth and tracking progress of the Indian economy 11:26 - Divergence between the financial markets and the economy 13:22 - Inflation: How does it impact the layperson 22:19 - Record exports for India in 2022: What does it mean? 31:01 - How does the macro situation help the Indian economy? 36:11 - How do current events influence the $5 trillion by 2025 goal? 41:09 - Report card for the finance ministry and RBI 59:47 - What should the outlook of small business owners be? 1:04:02 - VC funding in the Indian startup ecosystem 1:11:53 - Conclusions