Recap of The Interviews with Deval and Akshat

This week, 2Republics featured compelling discussions with two influential figures—Deval Sanghavi and Akshat Singh—who are shaping India's social and economic landscape in distinct yet interconnected ways. Their conversations offered deep insights into strategic philanthropy, economic policy, and the future of clean energy collaboration between India and the United States.

Deval Sanghavi, co-founder of Dasra, shared his journey from investment banking to philanthropy, highlighting the urgent need for strategic giving in India. He recounted how he transitioned from a lucrative finance career to establishing one of India's leading organizations focused on high-impact philanthropy. According to Sanghavi, one of the major challenges facing the social sector is the lack of structured funding and the difficulty non-profits face in scaling their impact. He emphasized the need for data-driven decision-making and stronger collaboration between philanthropists, businesses, and government agencies to maximize social good. His approach to philanthropy goes beyond monetary donations, advocating for a system where donors are actively involved in the organizations they support, ensuring that their contributions create sustainable change. He also addressed the importance of capacity building, arguing that empowering non-profits with resources and expertise is just as critical as financial support. His perspective displayed a shift in the Indian philanthropic landscape—one that is increasingly focused on long-term solutions rather than short-term aid.

Akshat Singh, an Associate Fellow at the Center for Strategic and International Studies (CSIS), brought a different but equally crucial perspective to the table. His work focuses on critical minerals, economic and commercial policy, and clean energy—fields that are becoming increasingly vital in shaping India’s future. Singh highlighted the growing economic collaboration between the U.S. and India, particularly in the context of supply chains, trade policies, and small business development. He discussed the importance of fostering bilateral relationships that extend beyond traditional sectors, pointing to critical minerals as a key area where both nations can cooperate to secure resources essential for high-tech industries. With clean energy becoming a focal point of global discussions, Singh stressed that sustainable energy solutions must be a priority in Indo-U.S. relations. He emphasized that policy frameworks and joint investments in renewable energy sources would not only address climate concerns but also strengthen economic ties and create job opportunities in both countries.

Both interviews provided an understanding of the evolving landscape of philanthropy and economic policy in India. While Sanghavi focused on creating a robust ecosystem for social impact through philanthropy, Singh delved into the strategic partnerships necessary for economic growth and sustainability. As India continues to navigate its path toward sustainable development, voices like Sanghavi’s and Singh’s will be powerful in shaping a future that balances economic progress with social responsibility.