Ep 65: Understanding India's Pensions Disaster
Episode description
There was a time when India's pensions system grew to become a threat to the country. Then we fixed it -- kinda. And now it's going to hell again.
Welcome to Episode 65 of Everything is Everything, a weekly podcast hosted by Amit Varma and Ajay Shah.
In this episode, Ajay takes us through the history and evolution of pensions, why the Old Pension Scheme (OPS) was such a catastrophe, how there was a bipartisan consensus on the New Pension Scheme (NPS), and how this field is on fire again. And of course, why it matters -- because it does!
TABLE OF CONTENTS: 00:00 Packaging 00:13 Intro: Who Will Stop the Bleeding? 02:45 Chapter 1: Why We Are Doing This Episode 05:46 Chapter 2: The Origin of Pensions 18:21 Chapter 3: The Evolution of Pensions 31:37 Chapter 4: The Old Pension Scheme 40:19 Chapter 5: The New Pension Scheme 55:38 Chapter 6: The Political Process 1:09:16 Chapter 7: What Went Wrong? 1:28:27 Chapter 8: What About the Unified Pension Scheme? 1:34:29 Chapter 9: Structural Reforms vs Parametric Reforms 1:41:25 Chapter 10: Recommendations
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