#881 Surjit Bhalla Explains What Is Really Wrong With India Economy

#881 Surjit Bhalla Explains What Is Really Wrong With India Economy

From The Core Report by The Core

May 22, 2026 · 40 min · Episode 881

About this episode

Surjit Bhalla discusses the deeper issues affecting the Indian economy beyond immediate currency pressures.

Is India’s economy facing a temporary shock or a deeper crisis? In this episode of The Core Report Weekend Edition, economist and author, Surjit Bhalla joins Govindraj Ethiraj to go beyond the headlines around the falling rupee, oil prices, West Asia tensions, and global uncertainty. He argues that the real problem with the Indian economy may not be the immediate currency pressure alone, but a longer term weakness in investor confidence, foreign direct investment, manufacturing, exports, and economic decision making. Surjit Bhalla explains why India’s growth challenge cannot be understood only through the rupee dollar exchange rate. He highlights the fall in net FDI, the impact of bilateral investment treaties, retrospective taxation, quality control orders, ease of doing business, and policy uncertainty. He also questions why India has not fully benefited from the China plus one opportunity while countries like Vietnam and Bangladesh gained from global supply chain shifts. For more of our coverage check out…

People in this episode

Host: Govindraj Ethiraj

Guest: Surjit Bhalla

Topics covered

  • India economy
  • foreign direct investment
  • currency pressure
  • economic decision making
  • global supply chain
  • investor confidence

Keywords

  • India economy
  • rupee
  • foreign direct investment
  • manufacturing
  • exports
  • policy uncertainty
  • China plus one

Mentioned in this episode

Organizations: The Core Report

Places: India, Vietnam, Bangladesh

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