Grand Tamasha

Carnegie Endowment
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Each week, Milan Vaishnav and his guests from around the world break down the latest developments in Indian politics, economics, foreign policy, society, and culture for a global audience. Grand Tamasha is a co-production of the Carnegie Endowment for International Peace and the Hindustan Times.

  1. 1D AGO

    Flash Episode: India's 2026 Elections Explained

    ** NOTE TO LISTENERS: This week, we are releasing a special “flash episode” of Grand Tamasha to recap India’s recently concluded 2026 state assembly elections. As usual, we will still be publishing a new Grand Tamasha episode next Tuesday, May 12 at 9 pm ET, Wednesday 6:30 am IST.  It’s safe to say that India’s 2026 state assembly elections have scrambled many of the assumptions that have long shaped our understanding of Indian politics.  The BJP has finally captured West Bengal after decades of trying, secured a third consecutive victory in Assam, and made modest, but important gains in Kerala. With its allies, it also retained the union territory of Puducherry. In Tamil Nadu, meanwhile, the upstart TVK—led by the enigmatic actor Vijay—has disrupted a political duopoly that has defined the state for decades.  At a deeper level, across these elections, familiar assumptions about welfare, identity, institutions, and opposition politics have suddenly been called into question. To make sense of these results—and what they might tell us about the road to 2029—Milan is joined today by two of the sharpest observers of Indian politics and political economy.  Neelanjan Sircar is an associate professor at Ahmedabad University and one of the country’s leading scholars of Indian politics. He has spent years studying party organizations, welfare politics, and electoral change across states—including West Bengal and Assam. Yamini Aiyar is a Senior Visiting Fellow at the Saxena Center for Contemporary South Asia and the Watson Institute at Brown University. She was previously president and CEO of the Centre for Policy Research, and is a leading expert on the Indian state, welfare delivery, and democratic accountability.  Milan, Yamini, and Neelanjan discuss the BJP’s historic win in West Bengal, the demise of the Trinamool Congress of Mamata Banerjee, and the Election Commission of India’s controversial revision of the electoral rolls. Plus, the trio discuss the rupture in Tamil politics, the Congress’ lone victory in Kerala, and the BJP’s strategy for 2029. Episode notes: Samanth Subramanian, “From Sea to Saffron Sea: Neelanjan Sircar,” Equator, May 6, 2026. Roshan Kishore, “Terms of Trade: And then there were none,” Hindustan Times, May 4, 2026. Neelanjan Sircar and Bhanu Joshi, “Party has left the building: The rise of parallel politics in Bengal,” Hindustan Times, May 4, 2026. Neelanjan Sircar, “Verdict Bengal: Decisive win in a divided state,” Hindustan Times, May 4, 2026. Bhanu Joshi, “DMK’s defeat proves it: Welfare is the floor, elections have moved to the ceiling,” Indian Express, May 4, 2026. Neelanjan Sircar and Bhanu Joshi, “Beyond numbers, how West Bengal's voter roll revision is redrawing citizenship lines,” Hindustan Times, April 29, 2026. Bhanu Joshi and Neelanjan Sircar, “In Bengal hinterland, poll victory might hinge on ground visibility,” Hindustan Times, April 23, 2026.

    59 min

  2. 4D AGO

    India’s Delimitation Dilemma

    India hasn’t updated how political power is distributed across its states in five decades—and the consequences are mounting. At the heart of delimitation lies a fundamental tension: should representation follow population, or preserve a delicate federal balance? Successive governments chose to defer the question, freezing India’s electoral map even as demographic divides deepened. The Modi government’s recent push to overhaul the system brought these tensions into the open but ultimately failed to resolve them. Recently, Milan sat down with Shruti Rajagopalan of the Mercatus Center at George Mason University for a wide-ranging webinar on delimitation, representation, and the reshaping of Indian democracy. The two discussed how India reached the present impasse—and what happens next. Milan and Shruti unpack the constitutional rules governing delimitation, the scale of malapportionment in the Lok Sabha, and the politics behind the Modi government’s failed 2026 push to overhaul the system. Plus, they discuss scenarios for the future. On this week’s show, we present the audio and video from this recent conversation as a joint collaboration between Grand Tamasha and Shruti’s Ideas of India podcast. Episode notes: Shruti Rajagopalan, “India’s delimitation battles are costing its poorest voters,” Times of India, April 25, 2026. Shruti Rajagopalan, “Delimitation: At heart of row, value of a vote, fiscal imbalance,” Indian Express, April 23, 2026. M.R. Madhavan, “Implications of increasing the size of the Lok Sabha,” Hindu, April 16, 2024. Shruti Rajagopalan, “Demography, Delimitation, and Democracy,” Get Down and Shruti (Substack), July 3, 2023. Pranay Kotasthane, “India Policy Watch: Delimitation as an Opportunity for a Grand Bargain,” Anticipating the Unintended (Substack), June 18, 2023. Milan Vaishnav and Jamie Hintson, “India’s Emerging Crisis of Representation,” Carnegie Endowment for International Peace, March 14, 2019.

    1h 13m

  3. APR 29

    India’s Youth Boom Meets a Jobs Bust

    For more than three decades, India’s growth story has rested on the promise of a large and youthful workforce—but whether that promise is being realized remains an open question. A new report published by the Centre for Sustainable Employment at Azim Premji University—State of Working India 2026—takes a comprehensive look at how young Indians move from education into the labor market—and asks whether India is successfully converting its demographic dividend into an economic one. The report documents a striking paradox: even as educational attainment has expanded dramatically, the transition to stable, gainful employment remains uncertain—with high graduate unemployment, limited job creation outside agriculture, and persistent gaps between aspirations and opportunities. To discuss the report, this week on the show Milan speaks with the report’s lead author Rosa Abraham, who heads theCentre for Sustainable Employment at Azim Premji University. Her research focuses on informal work and women’s employment, with a particular interest in issues at the intersection of labor statistics and women’s work. Prior to joining the university, she worked as a researcher at the Ashoka Trust for Research in Ecology and Environment and as a lecturer at the Madras School of Economics. Milan and Rosa discuss the state of India’s mythical “demographic dividend,” the quality and quantity of higher education, and India’s stalled structural transformation. Plus, the two discuss the high unemployment rate for college graduates, trends in internal migration, and the loosening of caste-based occupational segregation. Episode notes: “India’s Middle Class Hits a Breaking Point (with Saurabh Mukherjea and Nandita Rajhansa),” Grand Tamasha, April 15, 2026. Rishita Khanna, “‘We are not overproducing graduates, we are underproducing good jobs,’” Hindu, March 25, 2026. Soutik Biswas, “India's young are more educated than ever. So why are so many jobless?” BBC, March 19, 2026. Karthik Madhavapeddi, “‘For 1st Time In 4 Decades, Young Men Are Withdrawing From Education,’” IndiaSpend, March 27, 2026.

    54 min

  4. APR 22

    The Indian Who Helped Build Silicon Valley

    Over the past several decades, the story of Silicon Valley has been deeply intertwined with the story of Indian immigrants—engineers, entrepreneurs, and investors who helped shape the technology revolution while building new bridges between the United States and India.  Few individuals embody that journey as vividly Kanwal Rekhi. Rekhi was the first Indian-American founder & CEO to take a venture-backed company public on the NASDAQ. He also co-founded and built The Indus Entrepreneurs—or TiE—into the largest global network of Indian entrepreneurs, and cofounded Inventus—where he is building the venture franchise into a catalyst for India’s tech revolution.  He writes about his life in his new memoir, The Groundbreaker: Entrepreneurship, the American Dream, and the Rise of Modern India, which traces his remarkable journey from a modest upbringing in India to becoming one of the most influential figures in the Indian diaspora in the United States. To talk more about his book, Kanwal joins Milan on the podcast this week. They discuss his lifelong passion for entrepreneurship, his modest upbringing and challenging early family life, and his role in building the modern Internet. Plus, the two discuss Kanwal’s role in India’s landmark telecommunications reforms and his recent efforts to boost entrepreneurs in India. Episode notes: “The Secret to Indian Americans' Success (with Meenakshi Ahamed),” Grand Tamasha, June 4, 2025. Meenakshi Ahamed, Indian Genius: The Meteoric Rise of Indians in America (New Delhi: HarperCollins India, 2025). Kanwal Rekhi, “I’m a tech founder from India. Here’s why I’m worried about the future of America,” San Francisco Chronicle, February 3, 2026. Zofeen Maqsood, “Kanwal Rekhi’s next mission: 10 million entrepreneurs by India at 100,” American Bazaar, March 3, 2026.

    1 hr

  5. APR 15

    India’s Middle Class Hits a Breaking Point

    For decades, India’s growth story has rested on the spectacular rise of its middle class. But a new book argues that this very group—roughly 40 million income-tax–paying households—is now under acute strain.  Facing a convergence of job disruption, wage stagnation, and rising debt, the middle class may no longer be the engine of growth it once was. This is the argument made in a new book titled, Breakpoint: The Crisis of the Middle Class and the Future of Work. It is authored by Saurabh Mukherjea, along with Nandita Rajhansa and Sapana Bhavsar Saurabh is the founder of Marcellus Investment Managers and the author of six previous books. Prior to setting up Marcellus, Saurabh was the CEO of Ambit Capital. He is also a Founding Director of the Association of Portfolio Managers in India Nandita is an economist and a small and midcap analyst at Marcellus. She’s the co-author of a national bestseller, Behold the Leviathan: The Unusual Rise of Modern India, which was published in 2024. Milan speaks with Saurabh and Nandita about the Indian middle class’s most vulnerable moment since 1991, the hollowing out of middle-skill jobs, the structural challenges with India’s education system, the worrying trend in declining placement rates and salaries, and the explosion in household debt. Plus, the trio discuss how AI and automation are remaking the Indian economy—both for good and for ill. Episode notes: Saurabh Mukherjea and Nandita Rajhansa, “Educated and employed but still struggling: India's middle class under strain,” BBC, March 30, 2026. “A Sixth of Humanity and the Dreams of a Nation (with Devesh Kapur and Arvind Subramanian),” Grand Tamasha, October 22, 2025. Saurabh Mukherjea, Nandita Rajhansa and Sapana Bhavsar, “Graduate and unemployed: India’s middle-class rulebook for career & success no longer works,” ThePrint, March 23, 2026.

    56 min

  6. APR 8

    Inside The Complex: Family, Power, and India in Turmoil

    On this week’s show, Milan sits down with the novelist Karan Mahajan, author of a much-anticipated new novel, The Complex. Karan and Milan discussed the book at our first ever live Grand Tamasha event at Carnegie headquarters in Washington, DC on March 16. Karan is an associate professor in Literary Arts at Brown University and the author of the books Family Planning and The Association of Small Bombs.

    52 min

  7. APR 1

    Can India Thrive in Trump’s World?

    Donald Trump’s return to the White House has once again altered the contours of international politics. For India, this evolving context raises several important questions about the viability of its foreign policy approach. This week on the podcast, Milan sits down with three of the contributors to a new compilation published by the Carnegie Endowment—Shoumitro Chatterjee, Sameer Lalwani, and Tanvi Madan—to discuss the uncertain trajectory of Indian foreign policy.

    55 min

  8. MAR 25

    Inside Washington: Ami Bera on Shifting U.S.–India Ties

    Over the past two decades, Washington and New Delhi have drawn steadily closer—driven by shared concerns about China, expanding economic ties, and a growing Indian diaspora in the United States. To help us unpack all of this, this week Milan spoke with Congressman Ami Bera in his office on Capitol Hill.

    35 min
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Each week, Milan Vaishnav and his guests from around the world break down the latest developments in Indian politics, economics, foreign policy, society, and culture for a global audience. Grand Tamasha is a co-production of the Carnegie Endowment for International Peace and the Hindustan Times.

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  • Channel
    Carnegie Endowment
  • Creator
    Carnegie Endowment for International Peace
  • Years Active
    2019 - 2026
  • Episodes
    289
  • Rating
    Clean
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    © All rights reserved
  • Show Website
    Grand Tamasha

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