The Dosa Returns! Raghuram Rajan speaks at a Federal Bank event.
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- เผยแพร่เมื่อ 14 ก.พ. 2016
- An amusing answer from Dr. Raghuram Rajan to an equally amusing question from an engineering student at The Federal Bank K P Hormis Commemorative Lecture! Don't miss it! It's a must watch!
When he said Maavu at 1:24. I understand how much he is Tamil👏🏻👏🏻
The best RBI governor after Manmohan singh. A genius.
Agree! I just hope he doesn't degrades to politics as Mr Manmohan and loose his charm.
Please go through RBI report of 2008 and 2014 . Compare the figures then one will understand how good he was.
Bro please give the link really want to read it 😃
@@arjunkapoor007 it's available in RBI website
Actually, it is the Baumol effect, and NOT the Balassa-Samuelson effect.
putting that maavu on tawa..... When you speak about your favorite dish you are bound to get local
He will no longer be the governor of RBI anymore thanks to BJP. Snubbed in India, but welcomed by America.
I've been lucky to hear him speak live. The clarity with which he explains things is amazing. We hear lot of people using flowery, accentuated english and think they are intellectuals ( the guest in paid media shows) but making complex things simple through words, is a hallmark of intelligence.
Actually, it is the Baumol effect, and NOT the Balassa-Samuelson effect. So he is wrong
I have special regards and love for Dr.Raghuram Rajan.He is a Genius.I wish him all the very best.
Excellent RBI Governor with tremendous knowledge
We need such man.
Raghuram rajan should become finance ministers.
Explained very well and smoothly 🙃🙃
meanwhile urjit patel seeing this video at ambani's house
N NN 🤣🤣🤣🤣
Your comment is the best dude 😂😂
Modi's
I think what the Engineering student missed out was that whether it is a period of high inflation or low inflation - inflation by definition means rise in prices. As long as there is inflation, dosa prices will not fall and will only rise....maybe faster during periods of high inflation and a bit slowly during phases of low inflation. Balssa Samuelson effect tends to explain why prices rise across sectors (despite there not being any apparent supply and demand disequilibrium in such sectors).
The intention of the engineering student not to fall on price as you write down here to criticize here in written form. Good luck sir!!!!!!
Actually, it is the Baumol effect, and NOT the Balassa-Samuelson effect. So he is indeed wrong.
Damn, this also explains why everything is so expensive in the US compared to India
except electronics. US got the cheapest prices for electronics like cameras, laptops etc.
what?!! how.? :D
its the labour cost that adds up to the actual cost. US being high-cost labour country, things are costly there.
India can be the best prime minister RAGHURAM RAJAN
Wow what an amazing speech .. Really proud to say that he is our Governor of Reserve Bank of India .. Even though I didn't understand a thing .. :P
lol.. same here
Labor cost oil gas ghee Hotel size AC nonAC. Nowadays dosa mixtures are available ready made. The staff does not use a grinding stone to manually churn the rice. Electric stone grinders are available.
Just love his way of making it 2 understand Thank god he is our governor in challenging times.
Great to have this man as RBI chief
Had.
He left a month before demonisation.
Wow,loved the explanation ❤️❤️
Had this doubt for a long period. He is truly a rockstar.
Great!!!!!
Most distinguished banker ever...we were proud to have you as our RBI chief sir ...i wish to see you again serving our nation.. please come soon !!
Actually, it is the Baumol effect, and NOT the Balassa-Samuelson effect.
An amazing teacher
Brilliant answer👍👍👍👍
He is an amazing person ❤️ come to know the concept of balassa - Samuelson effect.
Great sir
fantastic
Wow what a great answer sir.
Great reply
Someone please invent a fast dosa maker! It will empower the dosa maker with technology and dosa prices will fall!
awesome
Actually, it is the Baumol effect, and NOT the Balassa-Samuelson effect.
Excellant
Good question .
A true genius knows humility!
Rockstar at his best as always
Wowwwww
Great Man...
I'll believe anything this man says...
wow
ITS DEFINATELY HAPPENS IN MARKET AND ITS ALSO WORKS ON SALES.
What an intelligent answer!
Good
we need next PM ..... you sir
Genius
Come on sir pls become.pm for india
Lower inflation doesn't mean deflation.
Most respected governor of rbi
The best governor india found ever
Anyone noticed nilesh vikamsey icai ex President.?
All dosas aside. Why is she being an engineering student asking economic questions?
arijeet Patel stands nowhere
he stands at ambani's house
As an example;
The question is that if inflation is increase we purchase Dosa 50 rs. but when inflation is decrease than we purchase Dosa is also 50 rs.
solve;
Dosa ingredients (rice) prices is 15 rs.than we purchase dosa 50 rs. but when rice price is less and become 13 rs. than also we purchase dosa 50 rs.
even we goten dosa 48 rs.
our 2 rs. where is gone.2 rs. is taken by Dosa saler
who ;rice's prices is increse or decrease dosa prices are firm by Dosa maker and we gots dosa 50 rs. any time( if inflation or deflation ).
thats why we need to go and eat at less priced dosa hotel. competition will bring down cost slowly.
Dosa 🤔🤔
he is tamil.maavu
Lock Abiragam lingam(Justice)
Name of ????? Female ? Certain community ?? Questioner ..????
as per balasaa - today almost politcal talks aremore than action when technology no where useful everything turns obsolete or that balasaa or berumada triangle what ever to take issues which is as freedom fight struggle just like every day still fight for rights this is what politcal parties surviving witht hat how for balsaa samelson theroy carried
use a person mulit work this days district not developed but wage and workers labour is more even for white scholar job he should blend with mulit tasking blue scholar job 9 to 11 and still service sector business upliftment is still carried technology no where useful and payment itself a consolidation
how do u say is tht balasaa samelson or it is politcan made district for his busienss
he stops naviagation he stops anybusiness needs almost his attention as priority what a sdistrict do land up with sme and msme which has no ventialation nor the movement all that indian service sector is almost for cosmetic make up and servicing that is what india looked up and we say it is swadeshi
Super echo! Hating it
I suggest everybody to have DOSA to have a proper sense and mind..The titlers must feel ashamed of naming a World renowned Economic reformer Dr.Raghuram Rajan..Its like calling US president as 🍞 Bread Returns..Ridiculous Jokers..
If you want to understand True Indian economics read and watch gurumurty and his IIT sessions
I disagree with Raghuram Rajan. Technology has no role here The real reasons are :
A) there is no market competition to the dosa seller, who therefore has no reason to lower the price.
B) wages of the worker are never decreased. They may have never increased either. Price increase maybe purely due to fuel becoming costly.
Rubbish for an answer on dosa price hikes from a so called great economist of the world.....
His western knowledge is not practically implementable in India. Btw this explanation was not applicable on this dosa problem.
Mr. Raghuram your explanation to the question is useless and impractical.
You think Dosa making is not Technological job and
You want to use the Dosa maker to higher productive jobs.
You mean to say the price is given to Labour rather than Technology ???
This is where you lost.
If all human resources becomes bankers, Technologists and RBI governor you will not find anything to eat and no one to serve.
"I MEAN YOU ARE PAYING TO SERVICE NOT FOR A PERSON'S WAGE".