Leo Mirani
speaker
157 appearances
2 recordings
1 series
first heard Jun 2026
last heard 15 Jul
Leo Mirani’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.
Appearances
The Intelligence from The Economist · Kicking and screaming: protests at World Cup · 11 Jun 2026
podcast
He put up flu economy.
Well, the leaders of the states of this country are trying to lead by example, you see, Jason.
They're heeding Prime Minister Narendra Modi's call for austerity.
What's happened is, like much of the world, in India, Donald Trump's little excursion in the Middle East has caused some ructions.
Energy supplies are disrupted, the rupee has nosedived.
But for the first couple of months, the government didn't really put in place any emergency measures or anything, because perhaps, like Mr.
Trump, they were hoping for a swift end to the war.
It may also be the case that they didn't do anything because there were elections ongoing and nobody
wants to declare a state of economic emergency in the middle of an election.
Anyway, recently the Prime Minister made a speech in which he issued a whole list of recommendations for the citizens of this country.
You could use less fuel, carpool, or take public transport, which is what the state leaders are doing, avoid foreign trips, use less edible oil, frankly not a terrible idea.
Work from home and most important, don't use fertilizer.
No, what links all of these is that they're measures to conserve foreign exchange.
But it's really not great economics.
Normally what you want, or at least what the economist would say you want, is you want price levels to determine demand.
But more than that, it's really bad politics.
If you think about the measures I just listed, apart from the fertilizer one, almost entirely they are targeted at India's elite.
And these are the people who support Narendra Modi, who vote for him, and who are getting increasingly fed up.
So the funny thing is the people I'm referring to, a lot of them would think of themselves as middle class.
These are people like marketing types in Bombay or public servants in Delhi or IT workers in Bangalore.
Showing 101–120 of 157 · page 6 of 8
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