Uploaded March 2026 | Updated September 2026, 2 weeks ago
Today my guest is Dr. V Anantha Nageswaran (linkedin.com/in/v-anantha-nageswaran-37a588225/), who is currently serving as the Chief Economic Advisor to the Government of India. He is also the co-author of the books "Economics of Derivatives" (cambridge.org/core/books/economics-of-derivatives/DE091B58C931FB10CC72A321168A5D4D) and "The Rise of Finance: Causes, Consequences and Cures." (cambridge.org/us/universitypress/subjects/economics/finance/rise-finance-causes-consequences-and-cures?format=AR&isbn=9781108633253)
We talked about import substitution and strategic resilience, futures and options market, gross fixed capital formation, crypto markets, India’s growth trajectory, and much more.
Recorded March 12th, 2026.
Read a full transcript (mercatus.org/ideasofindia/v-anantha-nageswaran-surveying-growth-and-financialization-indian-economy) enhanced with helpful links.
Connect with Ideas of India
Follow us on X (https://x.com/ideasofindia)
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Timestamps
(00:00:00) - Import Substitution as a Policy
(00:10:46) - Indian States’ Spending Problem
(00:18:08) - Capital Formation
(00:26:06) - Increasing Financialization
(00:30:56) - Options and Futures Markets in India
(00:35:07) - Securities Transactions Tax (STT)
(00:41:49) - Curbing Crypto
(00:47:43) - How Should We Approach Policy Regulation?
(00:53:02) - Deregulation
(00:55:46) - Digital Public Infrastructure
(00:58:39) - India’s Growth Trajectory
Today my guest is Dr. V Anantha Nageswaran (linkedin.com/in/v-anantha-nageswaran-37a588225/), who is currently serving as the Chief Economic Advisor to the Government of India. He is also the co-author of the books "Economics of Derivatives" (cambridge.org/core/books/economics-of-derivatives/DE091B58C931FB10CC72A321168A5D4D) and "The Rise of Finance: Causes, Consequences and Cures." (cambridge.org/us/universitypress/subjects/economics/finance/rise-finance-causes-consequences-and-cures?format=AR&isbn=9781108633253)
We talked about import substitution and strategic resilience, futures and options market, gross fixed capital formation, crypto markets, India’s growth trajectory, and much more.
Recorded March 12th, 2026.
Read a full transcript (mercatus.org/ideasofindia/v-anantha-nageswaran-surveying-growth-and-financialization-indian-economy) enhanced with helpful links.
Connect with Ideas of India
Follow us on X (https://x.com/ideasofindia)
Follow Shruti (https://x.com/srajagopalan) on X
Click here (mercatus.tfaforms.net/5060934) for the latest Ideas of India episodes sent straight to your inbox.
Timestamps
(00:00:00) - Import Substitution as a Policy
(00:10:46) - Indian States’ Spending Problem
(00:18:08) - Capital Formation
(00:26:06) - Increasing Financialization
(00:30:56) - Options and Futures Markets in India
(00:35:07) - Securities Transactions Tax (STT)
(00:41:49) - Curbing Crypto
(00:47:43) - How Should We Approach Policy Regulation?
(00:53:02) - Deregulation
(00:55:46) - Digital Public Infrastructure
(00:58:39) - India’s Growth Trajectory
