47. Can the Indian Economy bounce back?

Narayan Ramachandran returns to BIC Talks to talk to host Pavan Srinath about how the US Fed's actions have given a breather for the Indian economy.  Narayan gives a primer on the central banks of emerging markets, on the impact of the US Fed's recent announcements on India's economic recovery, and what India ought to do in order for its economy to flourish in the short, medium, and long term.  On the previous episode (#46) of BIC Talks, Narayan had traced the 20th century history of the US Federal Reserve, and the importance of its latest announcement prioritising employment over inflation.  Narayan Ramachandran is a columnist, emerging markets investor and polymath. Narayan writes a fortnightly column in Mint called A Visible Hand. He was here last on Episode 5 of BIC Talks, to discuss how the Indian banking crisis would meet the pandemic-led crisis this year.