S7 Ep14: Ideas in Development: Raghuram Rajan on AI, India, and service-led growth

S7 Ep14: Ideas in Development: Raghuram Rajan on AI, India, and service-led growth

From VoxDev Development Economics by VoxDev.org

March 27, 2026 · 46 min · Season 7 · Episode 14

About this episode

Raghuram Rajan discusses the impact of AI on India's service-led growth model and the necessary steps for policymakers.

This is an episode from VoxDev's new podcast series, Ideas in Development. This series has a separate podcast feed, where you can find the entire AI series. Apple Podcasts: https://podcasts.apple.com/us/podcast/ideas-in-development/id1866874059 Spotify: https://open.spotify.com/show/6sIdIKctE8frdWaz9iyfl2 Everywhere else: https://audioboom.com/channels/5165629-ideas-in-development YouTube: https://www.youtube.com/playlist?list=PLcqy-QRDq-vD3YJ2t1rMUwx8BN1WTEA9A Substack: https://ideasindevelopment.substack.com/ What happens to a growth model built on services when AI can do some of those services itself? Raghuram Rajan joins Oliver Hanney and Deena Mousa to discuss how India's economy grew through services exports, why that model may be more resilient to AI than critics assume, and what policymakers need to get right on human capital, universities, and digital access to stay ahead.

People in this episode

Hosts: Oliver Hanney, Deena Mousa

Guest: Raghuram Rajan

Topics covered

  • AI
  • India
  • service-led growth
  • economic resilience
  • human capital
  • digital access

Keywords

  • AI
  • India
  • services exports
  • economic growth
  • human capital
  • digital access
  • policymakers

Mentioned in this episode

Organizations: VoxDev, Apple Podcasts, Spotify, YouTube, Substack

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