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Are 'unelected' technocrats out of tune with the people's needs?

Puja Mehra speaks with Dr. K. P. Krishnan about the debate of our times on the 'elected' versus the 'unelected' powers -- i.e. technocrats, regulators, economists and bureaucrats -- in the Indian democracy

Puja Mehra speaks with Dr. K. P. Krishnan, retired IAS officer who played a key role in shaping the Union Finance Ministry's Inflation Targeting and Insolvency and Bankruptcy Code reforms, and the Investor Education and Protection Fund Authority (IEPFA) Chair Professor in Regulatory Economics at the National Council of Applied Economic Research (NCAER) since August, about the debate of our times on the 'elected' versus the 'unelected' powers - i.e. technocrats, regulators, economists and bureaucrats - in the Indian democracy.

In this episode, we are releasing the full conversation. Last week, the second half of the conversation - on the thinking behind the Inflation Targeting and Insolvency and Bankruptcy Code reforms, how political buy-in was ensured for them and why they must be made to work - was released.