India’s relations with Europe are often viewed through the lens of Brussels, Paris, Berlin, or London. But in recent years, India has also been deepening its ties with another important set of partners: the Nordic countries.

Recently, Prime Minister Narendra Modi traveled to Oslo for the third India-Nordic Summit, bringing together India and the five Nordic countries—Norway, Sweden, Finland, Iceland, and Denmark. 

The agenda for the six countries was wide-ranging, covering trade, investment, green technology, maritime cooperation, the Arctic, and the Indo-Pacific. 

The visit also marked the first official trip by an Indian prime minister to Norway in more than four decades. As a result of the summit, Norway and India have elevated their bilateral relationship with new agreements on climate, technology, science, and the blue economy.

To discuss what all of this means for India, Norway, and the changing global order, Milan is joined this week by May-Elin Stener, who serves as Ambassador of Norway to India, Sri Lanka, Bhutan and the Maldives.

Prior to taking up this position, Ambassador Stener was the Deputy Director General of the Regional department in the foreign ministry. She has served as Norway’s Deputy Permanent Representative to the United Nations in New York as well as Deputy Head of the Norwegian Embassy in Pretoria, South Africa. She has been a member of the Norwegian Foreign Service since 1995.

Milan and Ambassador Stener discuss the outcomes of the India-Nordic summit, the Trade and Economic Partnership Agreement (TEPA), and the green technology partnership Norway envisions with India. Plus, the two discussed linkages between the Arctic and the Indo-Pacific and the controversy over a Norwegian journalist’s questioning of Indian officials in Oslo. 

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After the latest round of state elections, India’s political landscape looks more lopsided than at any time in the post-2014 era. The BJP claimed big wins in West Bengal and Assam—continuing its march across eastern India and solidifying its status as a hegemonic party.

But politics at home is only part of the story. 

Overseas, India is facing a turbulent moment—from the Iran war and Pakistan’s diplomatic resurgence to Trump 2.0’s approach to China and the uncertain future of the Quad. 

To talk about the BJP’s dominance, the opposition’s crisis, and India’s positioning in a rapidly shifting world, Milan is joined this week by Grand Tamasha regulars, Sadanand Dhume and Tanvi Madan. 

Sadanand is a senior fellow for India, Pakistan, and South Asia at the Council on Foreign Relations. He is also a regular columnist for the Wall Street Journal. 

Tanvi Madan is a senior fellow in the Center for Asia Policy Studies in the Foreign Policy program at the Brookings Institution.

The trio discuss whether India is becoming a “one-party state,” the current state of the opposition, and the headwinds facing the Indian economy. Plus, the three discuss Pakistan’s diplomatic moment, Trump’s recent China trip, and Marco Rubio’s visit to India.

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India’s growth numbers shape how we understand everything from jobs to investment to global standing. But what if those numbers don’t tell the full story? 

New research suggests India may have both underestimated and overestimated growth at different moments over the past two decades. That insight opens the door to a broader conversation about India’s macroeconomic choices, from exchange rate policy to electricity pricing to the quiet persistence of trade barriers.

To discuss these issues and many more, Abhishek Anand joins Milan on the podcast this week. Abhishek is the Founder and Managing Director of Insignia Policy Research and a Visiting Fellow at the Madras Institute of Development Studies. He’s previously worked as an Economist at the World Bank and was a member of the Indian Economic Service, working in key positions throughout the Indian Ministry of Finance.

Together, with Arvind Subramanian and Josh Felman, Abhishek is the author of a new working paper published by the Peterson Institute for International Economics titled “India's 20 Years of GDP Misestimation: New Evidence.” 

Abhishek and Milan discuss the controversy over India’s GDP estimates, important reforms within India’s statistics ministry, and the debate over the Reserve Bank of India’s policies to defend the rupee. Plus, the two discuss Abhishek’s work on power sector reform and the embrace of non-tariff barriers that stymie the spirit of India’s new bilateral trade agreements.

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For more than a decade, India has steadily deepened its ties with the Gulf while trying to balance competing interests across the region. But today, that strategy is under strain—thanks to the Iran conflict, shifting regional alignments, a reemerging Pakistan. 

How is India being impacted by the Iran crisis? And what do these geopolitical shifts mean for India’s West Asia policy? 

To discuss these and other questions, Milan is joined on the show this week by Kabir Taneja. Kabir is the Executive Director of the Observer Research Foundation’s Middle East office. He has worked extensively on India’s relations with the Middle East, examining domestic political dynamics, terrorism, non-state militant actors, and the region’s evolving security architecture. He is also the author of The ISIS Peril: The World’s Most Feared Terror Group and Its Shadow on South Asia.

Milan and Kabir discuss India’s emerging political and strategic relationships in the Gulf, the risks the country faces from the Iran conflict, and the potential for India to play a larger regional security role in the Middle East. Plus, the two discuss Pakistan’s frenetic diplomatic maneuvering and the state of Afghanistan-India ties.

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** 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:

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.

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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.

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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.

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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.

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