India’s economy has equalled Japan’s in size and could soon become the world’s third largest, says Sanjeev Sanyal, Member of the Prime Minister’s Economic Advisory Council. In this exclusive BasisPoint Insight interview, he responds to Donald Trump’s “dead economy” remark, assesses India’s growth trajectory, and explains why process reforms, creative destruction, and a shift in cultural attitudes to failure are critical to sustaining growth. Key points covered in this interview: - Why India’s 6.5% growth contrasts with US growth of 2.5% - Process reforms vs structural reforms – the next big frontier - Balancing fiscal prudence and monetary easing for faster growth - Judicial delays and IBC’s role in creative destruction - MSMEs, personal bankruptcy laws, and credit flow challenges - Technology, AI disruption, and avoiding “Luddite” policies - The future of academia-industry collaboration and experiential learning Watch this conversation for insights into India’s economic priorities and reform agenda.
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