Climate finance and technology is one of India’s priorities as part of its ongoing G20 presidency. Financing the climate transition of developing countries and the Global South is a complex but critical issue, as is the development, transfer, and sharing of critical climate technologies. What should India’s climate finance and technology strategy be? What role will the various pools of capital—private, public, philanthropic, impact, and multilateral development banks—play in mobilizing the necessary climate financial support for this transition? Will the new World Bank president, Ajay Banga, succeed in leveraging private capital for climate and ultimately make the Bank fit for purpose for the coming decades? Which areas of climate technology should India prioritize? Will India’s EV, solar, green hydrogen, and biofuels push suffice to position it as a climate leader? What lessons can India learn from the journeys, strategies, and priorities of other countries?In this episode of Interpreting India, Varad Pande joins Anirudh Suri to discuss these key issues around India's climate finance and technology strategy.--Episode ContributorsVarad Pande is a partner at BCG. Formerly, he was a partner with Omidyar Network India.Anirudh Suri is a nonresident scholar with Carnegie India. His interests lie at the intersection of technology and geopolitics, climate, and strategic affairs.--Additional ReadingA Comprehensive Framework for India’s Climate Finance Strategy by Anirudh SuriThe Case for a Comprehensive Indian Climate Bill by Anirudh SuriWhy Banga  Being a Corporate Czar is Good for World Bank: Activists Are Wrong Because ex-Mastercard Boss Can Mobilise Climate Finance by Tapping Private Sector Capital by Anirudh Suri--🎙️ Check out our podcast, Interpreting India, available now on YouTube, Spotify, iTunes, and Amazon Music!Home: https://interpreting-india.simplecast.com/Spotify: https://open.spotify.com/show/51yeOb8SimMIPe2KgIUQ8gApple Podcasts: https://podcasts.apple.com/in/podcast/interpreting-india/id1476357131YouTube: https://www.youtube.com/playlist?list=PLeXQMWQXRkJXF71nDiX9LhlXiSkhR8JJTAmazon Music: https://music.amazon.com/podcasts/f68d7bd9-1589-410f-b20d-65c94c9b3302/interpreting-india-- Key Moments(00:00); Introduction (02:03); Varad's diving experience in the Andaman Islands and India's ocean ecosystem(05:45); The Indian Ocean Initiative at Carnegie India(06:27); Anirudh speaks on his observations on climate change(07:45); Going from net zero to nature positive(10:11); Change in climate finance trends(12:17); Varad explains why climate finance is such a tricky problem to solve(18:31); Making India more lucrative to global climate finance capital  (28:34); Varad on the role of private and public finance in climate change(30:45); Leveraging the newly elected council of the World Bank for climate finance needs(36:55); India's climate tech strategy—EVs and green hydrogen  (45:40); Anirudh on the consumption aspect of climate technology strategies(47:13); What can India learn from the climate transition journeys of other countries?(54:34); Outro Carnegie India Socials:Instagram: https://www.instagram.com/carnegieindia/ (@CarnegieIndia)Twitter: https://twitter.com/CarnegieIndiaWebsite: https://carnegieindia.orgYouTube: https://www.youtube.com/c/CarnegieIndia/

India’s development has not been uniform and has leapfrogged from agriculture to services, skipping over a manufacturing phase. However, the agriculture and services sectors typically do not create enough productive jobs for those at the bottom of the education and skills ladder. Thus, there is a need for labor-intensive manufacturing to absorb those with low levels of education and skills, but only around 11–12 percent of the total employment is in manufacturing, and this share has been essentially flat for two decades. There is also too much labor employed in the low-productivity unorganized sector, and there are too few jobs in the high-productivity formal sector. As recently as 2015–16, the unorganized sector continued to employ over 70 percent of total manufacturing employment. Inclusive growth would require us to find ways to enable formal manufacturing to prosper.In this episode of Interpreting India, Radhicka Kapoor joins Sayoudh Roy to discuss the state of labor-intensive manufacturing in India.--Episode ContributorsRadhicka Kapoor is a visiting professor at the Indian Council for Research on International Economic Relations, in addition to having previously worked at the Planning Commission and at the International Labour Organization, Geneva. Her research interests include poverty and inequality, labor economics and industrial performance, and she has published extensively on labor-intensive manufacturing in India. Most recently, she has edited A New Reform Paradigm, a collection of essays written in honor of Isher Judge Ahluwalia.Sayoudh Roy is a senior research analyst with the Political Economy Program at Carnegie India.  His work focuses on the macroeconomic implications of frictions in labor and financial markets and how interactions between them can affect macroeconomic aggregates.--Additional ReadingA New Reform Paradigm: Festschrift in Honour of Isher Judge Ahluwalia, edited by Radhicka KapoorCreating jobs in India’s organised manufacturing sector by Radhicka KapoorExplaining the contractualisation of India’s workforce by Radhicka Kapoor and P. P. KrishnapriyaStylized Facts on the Evolution of the Enterprise Size: Distribution in India's Manufacturing Sector by Radhicka KapoorEmployment in India by Ajit Kumar GhoseIndia Employment Report by Ajit Kumar GhoseStructural Change and Employment in India by Nomaan MajidSmall-Scale Industry Policy in India: A Critical Evaluation by Rakesh MohanIndustrialisation for Employment and Growth in India: Lessons from Small Firm Clusters and Beyond, edited by Rayaprolu Nagaraj--🎙️ Check out our podcast, Interpreting India available now on YouTube, Spotify, and iTunes!Home: https://interpreting-india.simplecast.com/Spotify: https://open.spotify.com/show/51yeOb8SimMIPe2KgIUQ8gApple Podcasts: https://podcasts.apple.com/in/podcast/interpreting-india/id1476357131YouTube: https://www.youtube.com/playlist?list=PLeXQMWQXRkJXF71nDiX9LhlXiSkhR8JJT--Carnegie India Socials:Instagram: https://www.instagram.com/carnegieindia/ (@CarnegieIndia)Twitter: https://twitter.com/CarnegieIndiaWebsite: https://carnegieindia.orgYouTube: https://www.youtube.com/c/CarnegieIndia/

Recently, there have been certain key developments in India's space sector. There are questions that need to be probed for a better understanding of the country's space sector. What does it take to set up a successful space company? What should be made of the space sector reforms unveiled three years ago? How does the recent iCET framework play out when it comes to space cooperation between India and the United States?In this episode of Interpreting India, Susmita Mohanty joins Konark Bhandari to discuss recent developments in India's space sector. --Episode ContributorsSusmita Mohanty is a spaceship designer and serial space entrepreneur. Susmita is the only space entrepreneur in the world to have co-founded companies on 3 different continents: EARTH2ORBIT Bangalore (2009-2021), MOONFRONT, San Francisco (2001-2007) and LIQUIFER Systems Group, Vienna (2004-ongoing). Her latest endeavor launched in October 2021 is Spaceport SARABHAI - India’s first dedicated space think tank that hopes to re-center the global space narrative, give India an international voice, grow the body of knowledge that informs critical areas of space law and policy, and help transform India into a developed space economy by 2030.Konark Bhandari is an associate fellow with Carnegie India. Konark is a lawyer who has researched on certain areas in the digital economy, focusing primarily on approaches to antitrust regulation of companies in the digital realm.--Additional ReadingAre we there yet? The Artemis Accords, India, and the Way Forward by Konark BhandariWhat Does the United States' MTCR Policy Reform Mean for India's Space Sector? by Konark Bhandari--🎙️ Check out our podcast, Interpreting India available now on YouTube, Spotify, and iTunes!Home: https://interpreting-india.simplecast.com/Spotify: https://open.spotify.com/show/51yeOb8SimMIPe2KgIUQ8gApple Podcasts: https://podcasts.apple.com/in/podcast/interpreting-india/id1476357131YouTube: https://www.youtube.com/playlist?list=PLeXQMWQXRkJXF71nDiX9LhlXiSkhR8JJT--Carnegie India Socials:Instagram: https://www.instagram.com/carnegieindia/ (@CarnegieIndia)Twitter: https://twitter.com/CarnegieIndiaWebsite: https://carnegieindia.orgYouTube: https://www.youtube.com/c/CarnegieIndia/

The relationship between India and Germany doesn’t receive as much attention as it deserves. In recent years, however, the bilateral partnership has received a big impetus, both economically and geopolitically. India and Germany have had a strategic partnership since 2001, but have recently also embarked on a Green Strategic Partnership for green and sustainable development. What is that about? Where does this relationship stand currently? What are the challenges in taking this relationship to the next level? What are the economic, military and geopolitical drivers of this relationship? And what can India learn from how Germany has become an economic and industrial superpower? What can Germany learn from India’s own dynamic startup ecosystem? And finally, how can the two countries cooperate on major global challenges such as climate?In this episode of Interpreting India, Philipp Ackermann joins Anirudh Suri to discuss India and Germany's strategic partnership and the economic, military, and geopolitical drivers of this relationship. --Episode ContributorsPhilipp Ackermann is the current ambassador of Germany to India. He has studied art history and economics in Bonn, Heidelberg and Utrecht, and received his doctorate in art history in 1993, the same year that he joined the German Foreign Service. Before becoming Ambassador to India, he was Director General for Africa, Latin America, Near and Middle East at the Federal Foreign Office for five years.Anirudh Suri is a nonresident scholar with Carnegie India. His interests lie at the intersection of technology and geopolitics, climate, and strategic affairs. --Additional ReadingGermany woos India as an ally against Russia by Christoph Hasselbach--🎙️ Check out our podcast, Interpreting India available now on YouTube, Spotify, and iTunes!Home: https://interpreting-india.simplecast.com/Spotify: https://open.spotify.com/show/51yeOb8SimMIPe2KgIUQ8gApple Podcasts: https://podcasts.apple.com/in/podcast/interpreting-india/id1476357131YouTube: https://www.youtube.com/playlist?list=PLeXQMWQXRkJXF71nDiX9LhlXiSkhR8JJT--Carnegie India Socials:Instagram: https://www.instagram.com/carnegieindia/ (@CarnegieIndia)Twitter: https://twitter.com/CarnegieIndiaWebsite: https://carnegieindia.orgYouTube: https://www.youtube.com/c/CarnegieIndia/

A major puzzle for the Indian economy in the last one decade has been the weak performance in the textiles and apparel sectors. In real terms, the apparels sector has grown marginally and the textiles sector has witnessed a decline. India’s share in world trade in textiles and apparels has also declined considerably. Between the late-1990s and early 2010s, India’s share in the textiles trade has doubled, as the Indian economy revealed its comparative advantage in a variety of products in this category. But since then, India’s share in textiles trade has declined, even as many other countries have increased their share. The causes for this sudden reversal in a crucial sector is worth understanding. In this episode of Interpreting India, Abhishek Anand and Naveen Joseph Thomas join Suyash Rai to discuss how India can  reignite its manmade clothing sector. --Episode ContributorsAbhishek Anand is a consultant with PwC Middle East. Earlier, he has worked at the World Bank as a Robert S. McNamara Fellow and prior to that as a career civil servant with the Government of India. His research interest lies at the intersection of macroeconomics and economic development. Naveen Joseph Thomas completed his Ph.D. in Economics at the Department of Economics, Delhi School of Economics, University of Delhi. He received his M.Sc. in Economics from the TERI School of Advanced Studies and his B.Sc.(H) in Physics from St. Stephen’s College, University of Delhi. His research interest lies in the areas of Household Economics, Growth Theory, Labour Economics and issues of the MSME sector. His current research focusses on the role of intra-household conflict in explaining low labour force participation of women in patriarchal societies, the scope of Mutual Credit Guarantee Schemes for the development of the MSME sector in India, and the analysis of education choice of parents under constrained supply of public-funded education in rural India using the ASER dataset.Suyash Rai is a deputy director and fellow at Carnegie India. His research focuses on the political economy of economic reforms, and the performance of public institutions in India. --Additional ReadingReigniting the Manmade Clothing Sector in India by Abhishek Anand and Naveen Joseph Thomas --🎙️ Check out our podcast, Interpreting India available now on YouTube, Spotify, and iTunes!Home: https://interpreting-india.simplecast.com/Spotify: https://open.spotify.com/show/51yeOb8SimMIPe2KgIUQ8gApple Podcasts: https://podcasts.apple.com/in/podcast/interpreting-india/id1476357131YouTube: https://www.youtube.com/playlist?list=PLeXQMWQXRkJXF71nDiX9LhlXiSkhR8JJT--Carnegie India Socials:Instagram: https://www.instagram.com/carnegieindia/ (@CarnegieIndia)Twitter: https://twitter.com/CarnegieIndiaWebsite: https://carnegieindia.orgYouTube: https://www.youtube.com/c/CarnegieIndia/