Thursday, March 2nd, 2023
9:00 am EST, 7:30 pm IST
via Zoom
We are pleased to invite you to a joint virtual event with the Sigur Center for Asian Studies. This event will feature panelist remarks from Ashoka Mody, Charles and Marie Robertson Visiting Professor in International Economic Policy at the Woodrow Wilson School, Princeton University. Sadanand Dhume, Senior Fellow at the American Enterprise Institute, and Dr. Jaimini Bhagwati, Distinguished Fellow at the Centre for Social and Economic Progress (CSEP), will provide discussant remarks.
Ashoka Mody is Charles and Marie Robertson Visiting Professor in International Economic Policy at the Woodrow Wilson School, Princeton University. Previously, he was Deputy Director in the International Monetary Fund’s Research and European Departments. He has also worked at the World Bank, University of Pennsylvania, and AT&T’s Bell Laboratories. Mody has advised governments worldwide on developmental and financial projects and policies, while writing extensively for policy and scholarly audiences.
India Is Broken: A People Betrayed, Independence to Today is a provocative new account of how India moved relentlessly from its hope-filled founding in 1947 to the dramatic economic and democratic breakdowns of today.
When Indian leaders first took control of their government in 1947, they proclaimed the ideals of national unity and secular democracy. Through the first half-century of nation-building, leaders could point to uneven but measurable progress on key goals, and after the mid-1980s, dire poverty declined for a few decades, inspiring declarations of victory. But today, a vast majority of Indians live in a state of underemployment and are one crisis away from despair. Public goods—health, education, cities, air and water, and the judiciary—are in woeful condition. And good jobs will remain scarce as long as that is the case. The lack of jobs will further undermine democracy, which will further undermine job creation. India is Broken provides the most persuasive account available of this economic catch-22.
Challenging prevailing narratives, Mody contends that successive post-independence leaders, starting with its first Prime Minister, Jawaharlal Nehru, failed to confront India’s true economic problems, seeking easy solutions instead. As popular frustration grew, and corruption in politics became pervasive, India’s economic growth relied increasingly on unregulated finance and environmentally destructive construction. The rise of a violent Hindutva has buried all prior norms in civic life and public accountability.
Combining statistical data with creative media, such as literature and cinema, to create strong, accessible, people-driven narratives, this book is a meditation on the interplay between democracy and economic progress, with lessons extending far beyond India. Mody proposes a path forward that is fraught with its own peril, but which nevertheless offers something resembling hope.
The Envisioning India series is organized under the stewardship of IIEP Director Remi Jedwab, Associate Professor of Economics and International Affairs, and IIEP Distinguished Visiting Scholar Ajay Chhibber.
About the Discussants:
Jaimini Bhagwati is currently a Distinguished Fellow at the Centre for Social and Economic Progress (CSEP), Chairman of the Infrastructure Development Finance Corporation (IDFC) Asset Management Trustee Company, and Board member of IDFC Limited. Amb. Bhagwati was India’s High Commissioner to the United Kingdom and India’s Ambassador to the European Union, Belgium, and Luxembourg. He has held senior positions in the Indian Ministry of External Affairs, Ministry of Finance, Department of Atomic Energy and the World Bank Treasury. His responsibilities at the World Bank included bond funding including execution of over-the-counter derivatives transactions. Between 2013-2018 Amb. Bhagwati was the Reserve Bank of India Chair Professor at ICRIER. Amb. Bhagwati was educated at St. Stephen’s College, New Delhi, Tufts University, and Massachusetts Institute of Technology (MIT), USA.
Sadanand Dhume (Senior Fellow, American Enterprise Institute) is a Senior Fellow at the American Enterprise Institute, where he writes on South Asian political economy, foreign policy, business, and society, with a focus on India and Pakistan. Mr. Dhume has served as India bureau chief of the Far Eastern Economic Review and as Indonesia correspondent of FEER and the Wall Street Journal – Asia, and is currently a South Asia columnist for the Wall Street Journal. Previously, he was Bernard Schwartz Fellow at the Asia Society in Washington, D.C. He has written articles and op-eds for Foreign Policy, Forbes, Commentary, YaleGlobal, the Washington Post, and other publications. His television appearances include CNN, PBS, BBC World, Al Jazeera International, CNBC Asia and ABC Television. His political travelogue about the rise of radical Islam in Indonesia, My Friend the Fanatic: Travels with a Radical Islamist, has been published in four countries. His upcoming book discusses the rise of a new right in India and its impact on Indian democracy.
