Suyash Rai is a fellow at Carnegie India. His research focuses on the political economy of economic reforms, and the performance of public institutions in India. His current research looks at the financial sector, the fiscal system, and the infrastructure sector.
Rai seeks to understand the workings of the Indian state through the lens of political economy, ideological contestation, institutional design, administrative processes, and economic analysis. He further aims to situate his research in the context of the politics of modernization of Indian society, polity, and economy.
Rai has published papers in the areas of fiscal policy, financial reforms, banking regulation, and infrastructure policy. He has also published several essays and opinion pieces in various popular media outlets.
Prior to joining Carnegie India, Rai was a fellow at the National Institute of Public Finance and Policy (NIPFP), where he worked in the areas of financial regulation, infrastructure regulation, fiscal management, and public administration. He has held consulting positions with the Consultative Group to Assist the Poor (CGAP) of the World Bank, and with the Ministry of Finance of the Government of India. Additionally, he served as a member of the committee on framing a code on resolution of financial firms of the department of economic affairs at the Ministry of Finance, and the committee on pricing of Aadhaar-based services of the Unique Identification Authority of India (UIDAI).
Rai previously worked at the Dvara Trust (then, the IFMR Trust), and as a manager for ICICI Bank. He holds a postgraduate diploma in management and an undergraduate degree in computer science. He has also received training certifications in risk management and business valuation.
This episode celebrates the 5th anniversary of Interpreting India, reflecting on the journey, growth, and impact of the podcast over the past five years. The hosts discuss memorable episodes, the evolution of discussions, and the enduring relevance of the topics covered. They also share insights into the future direction of the podcast, focusing on more in-depth and diverse conversations.
In this episode of Interpreting India, Suyash Rai is joined by Ajay Shah, economist and co-founder of the XKDR Forum, to explore the complexities of India's fiscal policy and the current economic challenges.
Suyash Rai discusses how coalition politics can benefit the Indian economy by fostering credible commitments, enabling policy learning, and allowing state-level experiments. He emphasizes that while coalition politics has its advantages, economic outcomes depend on active citizen involvement.
The 2024 Lok Sabha election results' impact is evident in the differences between Nirmala Sitharaman's interim and Union budgets, but nothing that disrupts the govt's business-as-usual approach.
In this Bloomberg webinar, Suyash Rai speaks with Menaka Doshi on how the result of the Lok Sabha election will affect the investment case for India.
In this episode of Interpreting India, Poornima Dore, an economist and business leader, joins host Suyash Rai to discuss the nuances of regional economic development in India.
In this conversation, Suyash Rai speaks to Puja Mehra about manufacturing policy in India, Apple's planned iPhone manufacture in India, whether PLI schemes actually work, industrial policy in India, and much more.
Suyash Rai took part in a discussion at the Centre for Policy Research on Rahul Sagar's book The Progressive Maharaja: Sir Madhava Rao's Hints on the Art and Science of Government Get access Arrow.
This essay explores the multifaceted dimensions of open networks, their purpose, the governance structure they operate under, the challenges they face, and their implications for the future of digital transactions.
Based on discussions that took place at the Global Technology Summit 2023, this essay delves into the economic case for DPIs.
