Grand Tamasha

The Indus Valley Annual Report, published by Blume Ventures, is an annual deep-dive into the Indian macroeconomy, the Indian consumer, and the innovation ecosystem in India. The report has become one of the most highly anticipated reports on the economy—pored over by policy wonks, economic analysts, and India watchers.The lead author of the report is Sajith Pai. Sajith is a partner at Blume Ventures, an early stage venture firm with offices in Mumbai, Bangalore, Delhi, and San Francisco. Sajith oversees consumer and India B2B investing at Blume. Prior to joining Blume, Sajith had a two-decade career in various corporate strategy roles with the Times of India Group.To talk more about this year’s report, Sajith joins Milan from his office in Noida. The two discuss the origins and objectives of the Indus Valley Annual Report, India’s post-pandemic recovery trajectory, and India’s low (and declining) savings rate. Plus, the two discuss the trials and tribulations of India’s manufacturing sector and whether India

Europe is not typically the focus of the Grand Tamasha podcast but recent developments involving Europe, the United States, and India raise fresh questions about the future shape of the international order.Last week, a high-level European Commission delegation embarked on a historic trip to New Delhi, where the two sides spoke optimistically of a promising new chapter in their relationship. Across the ocean in Washington, however, there were alarming signs of a breakdown in the Trans-Atlantic relationship, with the unprecedented Oval Office dressing down of Ukrainian president Volodymyr Zelenskyy.To discuss where things stand in Europe, India, and the United States, Milan is joined on the show this week by Tara Varma. Tara is a visiting fellow in the Center of the United States and Europe at the Brookings Institution. Until December 2022, she was a senior policy fellow and the head of the Paris office of the European Council on Foreign Relations. She has previously worked and lived in Shanghai, London, New De

Vishwa Shastra: India and the World is the new book by the scholar and foreign affairs analyst Dhruva Jaishankar. The book provides a comprehensive overview of India’s interactions with the world—from ancient times to the present day.The book also serves as a comprehensive resource for those seeking to understand how India might define the emerging world order. In so doing, it rebuts the conventional wisdom that India lacks a strategic culture.Dhruva is Executive Director of the Observer Research Foundation America, which he helped establish in 2020. He has previously worked at Brookings India, the German Marshall Fund of the United States, and the Brookings Institution in Washington, D.C.Dhruva joins Milan on the podcast this week to talk more about his book and the evolution of Indian foreign policy. The two discuss why India’s approach to the world is so poorly understood, misperceptions of India’s strategic culture, and the pre-independence drivers of Indian foreign policy. Plus, Dhruva and Milan assess t

There are two narratives doing the rounds about Indian Prime Minister Narendra Modi’s recent visit to Washington to break bread with U.S. President Donald Trump.The first narrative, touted by the government and its backers, is that Modi skillfully threaded the needle with Trump, standing up for Indian interests but also giving the president some important early wins that can position India well for the future. The second narrative suggests a more pessimistic vision: that U.S.-India relations are at a precarious juncture, where a volatile and transactional president just might upend bilateral ties at a time when India can scarcely afford it.To discuss where U.S.-India ties sit in the aftermath of the Modi visit, Milan is joined on the show today by Rajesh Rajagopalan. Rajesh is professor of International Politics at Jawaharlal Nehru University in New Delhi. He is an expert on nuclear policy, Indian foreign policy, and U.S.-India relations. He’s also the author of a new article in ThePrint titled, “India-US tie

The news from India has been coming fast and furious.On February 1, the finance minister revealed the latest Indian budget amidst a backdrop of slowing economic growth. On February 8, a new government in the state of Delhi was elected and, for the first time in a quarter-century, it’s headed by the BJP.  And on February 13, Prime Minister Narendra Modi had his first face-to-face sit-down with U.S. President Donald Trump at the White House in the Trump 2.0 era.To discuss the latest events and what they mean for India, Milan is joined on the show this week by Grand Tamasha regulars by two Grand Tamasha regulars, Tanvi Madan of the Brookings Institution and Sadanand Dhume of the American Enterprise Institute and the Wall Street Journal.They discuss the BJP’s striking political resilience, the fortunes of the Aam Aaadmi Party, and India’s current economic malaise. Plus, they discuss Modi’s high-stakes meetings with Trump and Elon Musk and the future of the China-India-United States relationship.Episode notes:1. “

On September 5, 2017, the journalist Gauri Lankesh was shot and killed outside of her house in Bangalore by armed assailants traveling on a motorbike. Lankesh, a journalist and social activist, was known for being a fierce critic of right-wing Hindutva politics and her murder has widely been seen as retribution for her outspoken views.A new book by the journalist Rollo Romig, I Am on the Hit List: A Journalist's Murder and the Rise of Autocracy in India, recounts the extraordinary life and tragic death of Gauri Lankesh. Rollo is a journalist, essayist, and critic. He has been reporting on South India since 2013, most often for The New York Times Magazine.To talk more about his new book and his years reporting from South India, Rollo joins Milan on the show this week. They discuss Rollo’s love affair with Bangalore, Lankesh’s complex character, the shadowy rightwing organization Sanatan Sanstha implicated in her killing, and the police investigation into her death. Plus, the two discuss Gauri Lankesh’s legacy

On February 1st, India’s finance minister Nirmala Sitharaman presented her eighth Budget of the Modi era. This year’s budget was tabled at a precarious economic juncture, for India and for the world. India has been challenged by slowing growth, persistent inflation, and global uncertainties motivated in part by the return of Donald Trump to the White House just a few weeks ago.So, how has the finance minister approached this delicate moment? What are the government’s priorities for the coming fiscal year? And has it made the tough decisions that could revive underlying animal spirits?To discuss these and many other questions, Milan is joined on the podcast this week by Sukumar Ranganathan, editor-in-chief of the Hindustan Times.Long-time listeners will know that Sukumar has regularly appeared on the show to share his insights on India’s political economy with us. On this week’s show, Milan and Sukumar discuss India’s worrying growth slowdown, the government’s pitch for deregulation, and a generous tax cut for

2024 was widely hailed as the year of elections with 73 countries holding elections in and more than 1.5 billion voters exercising their franchise. On Grand Tamasha, we’ve discussed the 2024 Indian general election as well as the recent U.S. presidential election at some length. But there was another important election in South Asia which has important ramifications both for India and the wider Indo-Pacific. In September 2024, for the first time in Sri Lanka’s history, a third-party candidate was elected president.According to Neil DeVotta, our guest on the show this week, the election was nothing short of a peaceful revolution that represents a dramatic political realignment in the island nation.Neil DeVotta is a professor of politics and international affairs at Wake Forest University, where he works on South Asian security and politics, ethnicity and nationalism, conflict resolution, and democratic transitions. And he’s also the author of a recent essay in the January 2025 issue of the Journal of Democracy

One of the most talked about policy experiments in India in recent memory is the reform of government schools in the city-state of the National Capital Territory of Delhi. Under the leadership of the Aam Aadmi Party, the Delhi government has implemented an innovative program to equip students with foundational literacy and numeracy. But while these reforms are much discussed, they have been surprisingly under-studied. A new book by the scholar Yamini Aiyar tries to remedy this gap.Yamini’s new book, Lessons in State Capacity from Delhi's Schools, draws on three years of ethnographic research where she and a team of colleagues were embedded in a cluster of schools across the national capital.Yamini is currently Visiting Senior Fellow at the Saxena Center for Contemporary South Asia and the Watson Institute at Brown University. Many of our listeners will know her from her work with the Centre for Policy Research in New Delhi, where she served as President from 2017 to 2024.To kick off season thirteen of Grand T

Grand Tamasha is Carnegie’s weekly podcast on Indian politics and policy co-produced with the Hindustan Times, a leading Indian media house. For five years (and counting), Milan has interviewed authors, journalists, policymakers, and practitioners working on contemporary India to give listeners across the globe a glimpse into life in the world’s most populous country.For the past two years, in anticipation of the show’s holiday hiatus, we’ve published an annual list of our favorite books featured on the podcast over the previous twelve months.In keeping with this tradition, here—in no particular order—are Grand Tamasha’s top books of 2024.Savarkar and the Making of HindutvaBy Janaki Bakhle. Published by Princeton University Press.Accelerating India's Development: A State-Led Roadmap for Effective GovernanceBy Karthik Muralidharan. Published by Penguin Viking India.The Identity Project: The Unmaking of a Democracy (published in the United States and the UK as The New India: The Unmaking of the World’s Largest

If there is one thing political scientists can agree on, it is that we live in an era of populism. With the recent election of Donald Trump, populism has returned to the United States, raising questions about what changes we might see in upcoming elections in 2025.South Asia has been no stranger to populism and a new book, Righteous Demagogues: Populist Politics in South Asia and Beyond, provides a framework for understanding its origins, its evolution, and its prospects. The authors of this new book are the scholars Dann Naseemullah and Pradeep Chhibber and they join Milan on the show this week to discuss their new book.Dann is a Reader in International Politics at King's College London. And Pradeep is currently Professor of Political Science and the Indo-American Community Chair in India Studies at the University of California, Berkeley.The three discuss the COVID-era origins of the book, definitions of populism, and the ways in which populism has played out across the subcontinent over the last seven decad

Where and when ethnic violence breaks out is a question of longstanding concern to the India policy community.Previous work in political science has pointed to a diverse array of factors—ranging from civil society bonds to elite networks and coalition politics as potential explanations. A new book by the scholar Aditi Malik highlights political parties, specifically party instability, as the principal culprit.In Playing with Fire: Parties and Political Violence in Kenya and India, Aditi highlights how the levels of party instability informs the decisions of political elites to organize or support violence. Settings marked by unstable parties are more vulnerable to recurring and major episodes of party violence than those populated by durable parties. This is because transient parties enable politicians to disregard voters' future negative reactions to conflict.Aditi is an Associate Professor of Political Science at the College of the Holy Cross. She studies political violence, gender-based violence, social mo

The discourse in India today on the issue of the Muslim community seems to swing between two contrary positions.According to the Hindu nationalist narrative, Muslims are a monolithic religious category whose presence justifies the need for greater Hindu solidarity. On the other hand, there is the narrative offered by liberals, who claim to protect Muslims as a religious minority to defend Indian democracy.A new book by the scholar Hilal Ahmed, A Brief History of the Present: Muslims in New India, departs from these unidimensional notions of Muslim identity. It applies concepts from political science, history, and political theory to provide a much more nuanced view of India’s Muslim community.Ahmed is an associate professor at the Centre for the Study of Developing Societies (CSDS), where he is also associated with the Lokniti Programme for Comparative Democracy. He is an authority on political Islam, electoral behavior, and Indian democracy.Ahmed joins Milan on the show this week to talk about “substantive M

Over the past twelve months, tales of spies and spycraft have complicated India’s relationships with key Western partners.In recent months, both Canada and the United States have alleged that India’s foreign intelligence agency was involved in a complex plot to identify and target Khalistani separatists who were citizens of those countries.In India, these allegations have, in turn, revealed deep skepticism about the actions of western spy agencies and the negative role they’ve played in India and across the Global South.A new book, Spying in South Asia: Britain, the United States, and India’s Secret Cold War, offers the first comprehensive history of US and UK intelligence operations in the Indian subcontinent. The author of this book is Paul McGarr, a lecturer in Intelligence Studies at King’s College London.To talk more about his new book—and the West’s 50-year battle to win the hearts and minds of Indians—Paul joins Milan on the show this week.The two discuss India’s tradition of spycraft, the long shadow

India’s Near East: A New History is an important new book by the scholar Avinash Paliwal.The book traces the history of how New Delhi has grappled with the twin challenges of forging productive ties with its eastern neighbors—namely, Bangladesh and Myanmar—while building a robust administrative state in India’s Northeastern states.It is the story of a state’s struggle to overcome war, displacement and interventionism, but which exposes the limits of independent India’s influence both inside and outside its borders.Avinash joins Milan on the show to talk more about his new book. Avinash is a Reader in International Relations at SOAS University of London, where he specializes in South Asian strategic affairs.Avinash and Milan discuss India’s state-building experience in the northeast, the fate of the “Look East” and “Act East” policies, and India’s often contentious relations with both Burma and Bangladesh. Plus, the two discuss how two factors—China and Hindutva— are remaking India’s approach to the near east.

The never-ending U.S. election has finally ended and Republican nominee Donald Trump has clinched a decisive victory. Trump is on track to win 312 electoral college votes and, for the first time, a majority of the popular vote.Kamala Harris, a surprise entrant in the race, lost a closely contested election, marking the second time in three elections that a female Democratic presidential nominee failed to topple Trump.The election has implications for Indian Americans, for India, and for U.S.-India relations.To discuss these topics and more, Milan is joined on the show this week by Grand Tamasha news roundup regulars, Sadanand Dhume of the Wall Street Journal and the American Enterprise Institute and Tanvi Madan of the Brookings Institution.The trio discuss the election results, the voting patterns of Indian Americans, what a Trump 2.0 might look like, and the implications of the elections for U.S.-India relationsEpisode notes:1. Tanvi Madan, “India will need to adapt to a new White House,” Indian Express, Nov

As American voters go to the polls, all indications point to a statistical dead-heat between vice president and Democratic Party nominee Kamala Harris and former Republican president Donald Trump. The outcome will likely turn on tens of thousands of voters in a handful of key swing states. According to leading pollsters and polling aggregators, the race in these states is too close to call.In this hotly contested race, one demographic whose political preferences are much discussed, though less studied, is Indian Americans. A new study, the 2024 Indian American Attitudes Survey (IAAS), tries to fill this gap. The IAAS is a nationally representative online survey conducted by the Carnegie Endowment in conjunction with data and analytics firm YouGov. The report is authored by Sumitra Badrinathan of American University, Devesh Kapur of Johns Hopkins-SAIS, and Grand Tamasha host Milan Vaishnav.This week on the show, Milan speaks with Sumitra and Devesh about the main findings of their new report and what they port

The United States is fast approaching the end of a lengthy presidential campaign in which the issue of immigration has taken center stage.Former President Donald Trump has repeatedly attacked President Joe Biden and Vice President Kamala Harris for failing to protect America’s borders, with Trump’s misleading claims that immigrants in Ohio are eating people’s pets emerging as one of the defining moments of the race so far. Harris, on the other hand, has gone on the offensive, blaming Trump for sabotaging a bipartisan Senate bill that would have beefed up border protection.Amidst this back-and-forth, there’s been relatively little attention paid to the changing composition of who exactly is trying to enter the United States without prior authorization. Since 2020, India has emerged as the country of origin for the largest number of migrants attempting to enter the U.S. outside of the Western Hemisphere.A new analysis by the Niskanen Center, “Indian migrants at the U.S. border: What the data reveals,” digs into

One of the most remarkable developments in Indian politics in recent years is the surge in female voter turnout. For the first several decades after Independence, women’s participation on Election Day lagged men’s by between 8 to 12 percentage points. In recent years, however, that gender gap has completely disappeared. In most state elections today, women turn out to vote with greater frequency than men.But this good news story obscures a puzzling fact: while Indian women vote at high rates, they are markedly less involved than men in politics between elections. A new book by the political scientist Soledad Artiz Prillaman gives us an explanation of why.Soledad is an Assistant Professor of Political Science at Stanford University and the author of an award-winning new book, The Patriarchal Political Order: The Making and Unraveling of the Gendered Participation Gap in India.She joins Milan on the show this week to talk about gender and politics and what can be done to ensure women have a seat at the table ev

Indian federalism is encountering some of its biggest challenges since the early years of the republic. Relations between the union government in Delhi and the states are rocky, to put it mildly.India’s better-off states are growing increasingly agitated about a system of fiscal federalism in which richer states end up subsidizing poorer, more backward ones.The new Goods and Services Tax (GST) has attracted fresh criticism because its benefits have not been shared equally by all states.And the coming fight over how parliamentary seats will be allocated across states has only added fuel to the fire.To discuss the brewing crisis in Indian federalism, Milan is joined today on the show this week by the economist Arvind Subramanian. Arvind is a senior fellow at the Peterson Institute for International Economics. He also served as the chief economic advisor to the government of India between 2014 and 2018. He recently co-authored a new essay in Economic and Political Weekly, “GST Revenue Performance: Gainers and Lo