34 mins watch

Financial Sector Reform and the Politics of Policymaking in India

Financial regulation is never just about economics. This conversation reveals how politics and policy collide to shape India’s financial system.

Shekhar Tomar

Assistant Professor of Economics and Public Policy at the Indian School of Business (ISB). He completed his PhD from the Toulouse School of Economics in 2017 and worked as a Research Economist at the Reserve Bank of India (RBI) between 2017 and 2019.

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Video Summary

This Arth Niti episode unpacks the intricate relationship between economics, politics, and financial regulation. The conversation explores how institutional design, governance, and political will intersect in shaping reform. It also traces the evolution of India’s financial sector over the last decade, offering insight into how policy is crafted not only through data and theory, but also through negotiation, timing, and the broader priorities of the state.

Authored by ISB Editorial

Disclaimer: This video features research and insights developed at the Indian School of Business. While interpretations are those of the researchers, the content reflects ISB’s commitment to rigorous, impactful scholarship. The material is intended to inform, provoke thought, and support informed decision-making. It does not constitute professional advice or institutional endorsement of specific outcomes.