India's first Prime Minister Jawaharlal Nehru wanted India to have a mixed economy, one that assimilated the best of capitalism and socialism. Nearly 70 years down the line, many believe India adopted the worst of both worlds.From the 1990s onwards we’ve seen the emergence of cronyism in India, where governments act in a manner that benefits the privileged few. But is there hope for change? CREDITSHost: Dr Trent BrownGuest: Paranjoy Guha Thakurta (Editor, Economic and Political Weekly)Producer: Kog RavindranAudio Engineer: Gavin NebauerThis podcast is brought to you in association with the Australia India Institute @ Delhi and founding partners La Trobe University and the University of New South Wales.

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