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Episode details

World Service,21 Dec 2012,18 mins

India's challenges

Business Daily

Available for over a year

Can India overcome slowing growth, falling investment and a string of corruption scandals? Lesley Curwen talks to Raghuram Rajan, chief economic adviser to the Indian government about public anger and the government response. This week the Indian Senate passed a bank reform law which will allow for the entry of more commercial banks into a market dominated by state-run banks. It's been opposed by the unions. C. H. Venkatachallam, head of the All India Bank Employees Association explains why. And Professor Nitin Desai, from the Indian Council for Research on International Economic Relations disagrees. He argues that reform will help India's economy. Plus Steve Fritzinger in Washington wonders why businesspeople are often portrayed as baddies in children's stories.

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