Economics and Policy Making for Uncertain Times - Sanjeev Sanyal | #SangamTalks

We live in an uncertain world where there are no "optional equilibrium" as posited by traditional economic theories. So, how do policy-makers make policy for a world where technology, geopolitics, consumer behavior and natural disasters are constantly changing the rules of the game?

About the Speaker

Shri Sanjeev Sanyal is currently the Principal Economic Advisor to the Government of India and also represents India on a number of international forums. As the Co-Chair of the G-20 Framework Working Group, he has been one of the main architects of the G20’s Global Action Plan used to coordinate the global response to the Covid19 Pandemic.
Prior to joining the government in February 2017, he spent over two decades in the financial sector and was Global Strategist & Managing Director at Deutsche Bank. He was named Young Global Leader by the World Economic Forum in 2010. Shri Sanyal is also a well-known urban theorist and writer. In 2007, he was awarded the Eisenhower Fellowship for his work on urban dynamics. He has been a Visiting Scholar at Oxford University, Adjunct Fellow at the Institute of Policy Studies, Singapore, a Senior Fellow of the World Wide Fund for Nature, a Fellow of the Royal Geographical Society, London, and an Honorary Professor of Jawaharlal Nehru University, Delhi. In 2015-16, he served in the Future City Sub-Committee of the Singapore government tasked with building a long-term vision for the city-state.
Shri Sanyal attended Shri Ram College of Commerce, Delhi and Oxford University where he was a Rhodes Scholar (1992-95). His best-selling books include Land of the Seven Rivers, The Indian Renaissance, India in the Age of Ideas, and The Ocean of Churn, all published by Penguin. In addition, he had published around 200 articles, columns and reports in leading national/international publications.

Topics Covered
0:00 Economics and Policy Making for Uncertain Times
2:12 Optimal equilibrium is a myth
8:01 Economic policies in the last 1 year in India
10:20 India’s response to COVID-19: Barbell strategy of dealing with radical uncertainty
20:06 Long term strategy for post-COVID world.
27:59 How economic policy fits with Aatmnirbhar Bharat
31:03 PLI Scheme
38:46 Projections about Indian investments in neighbouring countries.
40:47 How rapid is the policy change in India?
50:11 Ex ante thinking about demonetization
56:57 was demonetization worth it?
59:31 Complexity theory
1:06:58 Impact of Geopolitics on economy
1:10:04 Books by Sanjeev Sanyal

Subscribe to our YouTube channels:

YouTube English: https://www.youtube.com/c/SangamTalks
YouTube Hindi: https://www.youtube.com/sangamhindi

Follow Sangam Talks on social media :

Telegram : https://t.me/sangamtalks
Twitter: https://twitter.com/sangamtalks
Facebook: https://www.facebook.com/sangamtalks/
Instagram: https://www.instagram.com/sangamtalks/
Website: https://www.sangamtalks.org
Donate: https://www.sangamtalks.org/donate