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In this episode, Rajeswari Sengupta joins Suyash Rai to evaluate the health of India’s financial sector. Together, they assess the impact of the second wave on India's financial sector. What measures can be taken to address some of its main issues? And finally, what does the health of the financial sector mean for the broader economy? 

Rajeswari Sengupta is an Assistant Professor of Economics at the Indira Gandhi Institute of Development Research (IGIDR) in Mumbai, India. In the past she has held research positions at the Institute for Financial Management and Research (IFMR) in Chennai, the Reserve Bank of India, and the International Monetary Fund (IMF) and the World Bank in Washington D.C. 

Suyash Rai is a Fellow at Carnegie India. His research focuses on the political economy of economic reforms and the performance of public institutions in India.

References:

Non-performing Assets in Indian Banks by Rajeswari Sengupta and Harsh Vardhan

Regime changes in Indias monetary policy and Tenures of RBI governors by Rajeswari Sengupta and Utso Pal Mustafi