Raghuram Rajan On Critics: "Government Thinks Only Those Who Clap..." | NDTV Exclusive | No Spin
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- เผยแพร่เมื่อ 1 ส.ค. 2022
- The global economy is in big trouble. The IMF has slashed its forecast for global growth this year to 3.2 %. The world's economic growth had rebounded to 6.1% in 2021, but 2022 will see a major slowdown. The United States is on the verge of a recession. China's economy has slowed down. In our neighbourhood, Sri Lanka's economic crisis is there for the world to see. Pakistan is facing record high inflation. The UK is facing a massive cost-of-living crisis, which has turned into a political issue for voters. The headwinds are here in India too and we can all feel it. India has been battling inflation, a falling rupee, and high unemployment. Despite all this, Finance Minister Nirmala Sitharaman has emphatically told the Parliament that India is doing better when compared with the rest of the world. She has said there is no question of India going into recession. So, what is the economic outlook for India? Joining us now is economist and former RBI Governor Raghuram Rajan.
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#RaghuramRajan #IndianEconomy #Exclusive #NoSpin
A wise man has long ears and a short tongue.. We miss your service, sir!
neither he has job in india nor he will not create job in India, but he can do in America !!! he has job in America. In the free time he can bark in TV Show about others in India .!!!
@@tradek9231 He has his roots from India atleast he is making an effort for betterment of our country unlike most politicians for whom only power matters nothing else.
@@PrakashBabu_Sankuri : every one root has India, Kamala Haris also root from India, but barking at India is easy, as looks like he is a big Man, why cant he create job in India, !! so talk is only to others !! Only to do to others he can sit out side and comment sorry bark about India.. it !!
@JUST ONE :NO Plan suppose if Raghuram barks in TV, due to TRP channel incresses, camera men get employment, if anyone put it on you tube, they can get renumeration or self employment. Employment now a days not given by govt, it is done by each person.
EG Friday afternoon gather and stone pelting also become one part time employment, then free meals get from tax payers money.
4Wife, 10 children, so 40children get friday afternoon job and free meals..!! good idea !!
@@tradek9231 what degree does your father or mother or even you hold to speak nonsense on an ex RBI governor?
Raghuram Rajan is a patriot wherever he lives, he loves India. He is a great economist. Let us consider his views in a positive way.
🤣🤣
@@vimaladeshmukh4017 BJP, RSS is biggest anty india, desdrohi party of india. RSS-BJP is the biggest enemy of india🇮🇳.
I'm from Bengal, kolkata. And here is our beloved Mamata Di's TMC govt. Here in Bengal we hindu-muslim bhai bhai ❤. In 2021 BJP (anty hindu, desdrohi, misogynistic BJP & modi-amit shah) tried to divide us with religion, hindu-muslim. But we all bengalis specially people of educated kolkata - kicked out Modi, BJP & kicked this hindutvavadi desdrohi politics.
We bengali's are so so lucky that we have a lady like best CM Mamata Banerjee who kicked & beat daily passenger anty bengali Modi-amit Shah with her one leg.
And now in Bengal BJP is just a joker party.
After 2014 RSS, BJP has Continuesly spread hatred among Indians, hindu & Muslims. Some people say hatred has no religion. Yeh that's true. But hindutvavadi RSS, BJP is the real terrorist of India. RSS, BJP & people like fake hindu Yogi Aditwanath is responsible for this.
After 2024 BJP will thrown out of power. Then there will be no hatred among hindu muslim's. True new India will brought back.
Joy Bangla.
Joy Mamata Banerjee. Joy Hind 🇮🇳
Anty Hindu Desdrohi BJP hatau, India Bachau. 🙏
@@vimaladeshmukh4017 Laugh all you want but when your favourite prime minister run our country into ground you'll be the first one crying and cursing... Just like the Germans when red army was firing with tanks into the buildings of Germany.
Yes abandoning indian citizenship and country immediately proves he is a patriot. Please follow Rajan chacha overseas and become a patriot yourself.
@@abhinavsingh2948 He holds an Indian Passport. You cannot be RBI Governor without Indian Citizenship. Get your facts rights. Don't make stupid comments and make a fool of yourself.
Bottom line: Land of CONFUSION and DELUSIONS!
No this is not a land of confusion and delusion. Rather the bottom line: the confused anchor desperately trying to gas light a response from a deluded guest.
If India is bad than go to Saudi the land of lolla kutty😒
@Sangram Sarkar Delusional 😂 …. or two sides of the same DNA 🤣 Take your pick 😀
He has a phenomenal mindset regarding economics..
I can see NDTV PROPAGANDA, WHEN I SAW TODAY, INDIA JUMPED TO 5TH POSITION IN WORLD ECONOMY.
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He needs to be our FM
What Mr.Raghuram Rajan said about our country's position now is 100 percent true. Freedom and rule of law is equal to all. Rulers must understand this first.
Pls throw away Muslims, bjp will lose easily, will congress do it?
What’s wrong if Raghuram says let’s work for communal harmony…asking those who seem to have a problem with him.
Rajan 1980 ka Tamil problem ko srilanka ki aaj ki situation ka liya responsible manta hai Rajan and pappu both were crying from roofs before one year srilanka is better placed than India
@@nawalmundra2886 am sick of brainless andhbhakts🤦♀️
Rajan is an economist lecturing about communal harmony in a country where he "chooses" not to live himself. At this point he is just doing politics remotely for a country where he is not even invested in. That is what is wrong.
Come to India and deliver. If u cant, have the decency to stay clear of politics and not become a political mouthpiece for a mouthpiece media channel.
I have lost respect for this man. Hope he gets over his bitterness for being ousted(thats what no extension means) as RBI gov.
@@abhinavsingh2948 communal hormony is also related to the development of a country. It also draws international investments.
@@abhinavsingh2948 he has already offered to come back whenever he is called. The problem is with the govt.
Ultimate conversation... Thanks NDTV team for such insightful session.
Good approach by Mr.Rajan
I can see NDTV PROPAGANDA, WHEN I SAW TODAY, INDIA JUMPED TO 5TH POSITION IN WORLD ECONOMY.
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Nirmla Sitaramana is an fully INCOMPETENT minister, if not the worst finance minister India has ever seen
To me, she seems like an old angry school teacher who would yell at you if she can't solve the problem you brought to her.
@@akshittuli1211 haha you nailed it 😁🤣🤦♂️
Yet, our economic policy has been better than what Raghuram Rajan and Abhijit Banerjee suggested who wanted a demand side boost.
The joke is on you guys
@@ashishjoseph3522 Don't give a damn about what the economic policy is on paper. The unhidden truth is that we, the common people of India, are struggling to make the ends meet. With ever increasing prices of goods of daily use, my mind is too fogged to see what joke is on us.
Blame it on anything, but the middle class is being crushed.
@@akshittuli1211 Agreed with you.
To reduce the learning gap of children during the pandemic , Dr Raghuram Rajan’s brain child scheme of ‘ Education reaching Homes’ (இல்லம் தேடிக் கல்வி) is working very well in Tamil Nadu. About 30 lacs mostly Primary school children are engaged by about 2 lac volunteer Teachers at their homes during every evening for about 90 minutes to upgrade their reading, writing and Math skills. Kudos to Dr Rajan and Tamil Nadu Government for enlightening the children towards their bright future.
Thank you for updating on his social work. Would you kindly elaborate , what is that “Education reaching homes” & how it is being organized on state level ?
NDTV wants another Sreelankan situation in India. 😂😂😂
Great words..Great man. Really awesome and good. And apparently he is genius and astute
@@surajm4547 The only person who can create a "Sreelankan situation in India" is your Great Leader Modi.
@@surajm4547 maami apdi aakama iruntha seri
It is always refreshing to hear him
Shaktikanta>>>>>Raghuram Rajan
I can see NDTV PROPAGANDA, WHEN I SAW TODAY, INDIA JUMPED TO 5TH POSITION IN WORLD ECONOMY.
WAKE UP GUYS
well educated man
@@luciifer666 So are the ones running ministries and finance institutes now.
I wish someday a sane government comes to power in India where Rajan is given some big position to hold.
LOL.
Then you wait next rebirth 😂😂 because in your lifetime your dreams will never fulfill 😎😎😎
RBI Governor was a big position.
What great did he do then.
@@sg4250 ofcourse RBI governor is a big prestigious position but and only but when he kick out of RBI by Modi govt then he go to his old employers so I doubt his loyalty towards our country 😎😎😎 that's why I naver trust his economic policy 👍👍👍
@@tigerking2742 Exactly why this gives rise to the theory that he was planted by US govt to help US multinationals and US govt.
Remember he was the pioneer in reducing Repo rate. This actually helped US investors.
Indian cricket is better than Canadian cricket - BJP.
Discussion started on Indian economy but he moved in to secularism..
Rajan thinks very great of himself. When worked as RBI Governor he crossed limits and were commenting on politics also. He commented on Intolerance and criticised the Govt. Aamir khan also then Said he wanted to leave India with family due to intolerance. But not left and still enjoying in India. Then only Rajan should have resigned if any self respect is left in him. Aamirkhan should have gone out of India. These pseudo secular are talking on secularism..Wahwa
Nidi good interview. Raghuram Rajan Sir your insights are very true. I hope we don't become an Authoritarian Country or else we are Doomed
Brilliant interview. Dr. Raghuram Rajan as blunt and truthful as always. Applause!
This was in NO way a fruitful/mature discussion. All his answers are beating around the bush without going into exact steps/details. This is obvious because this guy's education (Phd) was in banking/finance. He has no clue/knowledge about MACROECONOMICS. Also no wonder why this guy ended up in IMF, because usually top merit students of MIT/Harvard end up into private institutions where they get paid heavily. This is the same guy who increased interest rates on loans - which made MSME unable to function. This causes closing down of MSMEs and thereby unemployment increased. As a result, purchasing power parity of people reduced, which ultimately led to the decline in demand.
@@immigrationcanada1802 well I found it very honest & mature.
@@immigrationcanada1802 well he is much better than that Nirmala Sitaraman any day.
@@georgievarghese3715 It was honest and mature, but useless for macroeconomics.
@Sangram Sarkar I totally respect your opinion, and I will stick to mine.
It is really a elevating and mature discussion from the leading economist and ex- RBI governor and thank the channel which aired the event and look forward to see more of such fruitful discussions,.
This was in NO way a fruitful/mature discussion. All his answers are beating around the bush without going into exact steps/details. This is obvious because this guy's education (Phd) was in banking/finance. He has no clue/knowledge about MACROECONOMICS. Also no wonder why this guy ended up in IMF, because usually top merit students of MIT/Harvard end up into private institutions where they get paid heavily.
hearing him is always insightful
Only channel which is discussing job, employment, economy, gdp such useful things. Thank you❤
Raghuram has us an insightful analysis on the status of Indian economy.- D.Rudrappan
Sir, its awesome you still find so much time to go in each and every details of our country's economic health. Hope you return back to India at least as FM and help us to grow. Thanks for sharing such insight.
He is a consultant for the TN Govt, along with other enlightened minds. Just watch the growth path they will take. Other states should just copy+paste the model, especially BIMARU.
I can see NDTV PROPAGANDA, WHEN I SAW TODAY, INDIA JUMPED TO 5TH POSITION IN WORLD ECONOMY.
WAKE UP GUYS..SEE HAVY THEY BRAINWASH
Great interview, sensible analysis!
Chicago professor and Harvard professor together
Increasing Unemployment
Raising Inflation
Weak Rupee
Farmers distress
Demonitisation
Falling FDI
Foreign companies leaving India
NPA's
Shouldn't we be concerned about these issues in name of patriotism should these issues be blushed under the carpet.
Very well Balanced views from great economist.
Can we close our eyes and say All is Well.
Growing jihadism???
Except unemployment
In All other factor u mentioned india isn't doing bad
“No government should be without critics. If its intentions are good then it has nothing to fear from criticism.”
- Thomas Jefferson
Wow! Two Harvard professors in one room! I am sure India (or at least Lutyens) is proud.
🤣
It’s not Harvard but hard work which is necessary
They can’t hold a candle to the graduate of “ Entire political science “ with mastery of both politics and science . Only leader in the world to hold patents on Nulla Gas generation , Radar technology and generation of Oxygen through wind mills.
Ha ha ha ha ha..
Refreshingly informative.
Whenever we feel difficulty in making dicision,it's better to consult Raghuram Rajan,he is also Indian
To admire neutral criticism is most important feature of a wise and open minded person. People in power, as being observed since a long time, make all possible efforts towards removing or silencing opposition which is prominent symptom of meanness and arrogance of most of the biased and corrupt political (so called)leaders.
Nidhi n Rajan are nice n sensitive souls God bless them n India
👏excellent interview.
So mr Rajan, we should keep on appeasing a certain minority and allow beheadings to go on!
His level of intellect is what India desperately needs.. hope Our Govt takes his views seriously!
Badly Pakistan Need Him !
Our govt is just knows how to distract us from real issues with Hindu-muslim communalism
True bro :(
Rajan speaks only facts
I totally agree here, "education is the key". Think time to make 'universal' universal.
I can see NDTV PROPAGANDA, WHEN I SAW TODAY, INDIA JUMPED TO 5TH POSITION IN WORLD ECONOMY.
WAKE UP GUYS..SEE HAVY THEY BRAINWASH
He says let institutions decide for better decisions....so why not assume people are also deciding properly when they elect?
Next generation, increase skill base - watch the point discussed from 05:25 onwards...cheers
JOBS....without the creation of all round good jobs be it Govt public sector or private sector....present turmoil doesn't seem to subside in near future !!
In our India the situation is going out of control and very high level of serious situation for economy growth is hammered.
Very high level of serious emergency situation for our currency Rs.
Our indian currency ₹ at present time it's historical lowest level ,
It's must require urgent action by our experts & regulators to protection from depreciation and loosing the valuation in our National interest.
Our indian currency Rs is our reputation,our pride and our Strength which is everything for our great India and its great citizens.
The emergency reflection in these very important reality...
At the time of independence
Year 1947
1 ₹ = 1Dollar $ (USD)
Now in Year 2022
80 ₹ = 1 Dollar $ (USD)
Very harmful & serious situation of our Rs which is continuously loose it's valuation ,damage & facing historical depreciation .
It's damage our industrial growth, damage our employment generation, damage our export and Development
Even Our Most Respected Leader of India Late Sushama Swaraj Ji explain the significance of our Indian currency Rs and our pride, reputation, goodwill with strength in most logical manner.
Please save and protect our economy and financial situation with Currency Rs ₹
God bless our country and our currency .
Jai Hind,vandematram,Bharat mata ki Jai
Eloquent and crisp points!
Awesome thanks..genius..really appreciate your think tank Sir
Manufacturing is key for any nations pride and independence. Lazy workforce,political interference,uncertain labour laws, poor skillsets and tough competitors like China makes impossible for Indian industries to have sustainable manufacturing activities. It is really shame as countryman buying even our God status made in China. Inconsistent polices, lack of vision also is key for not investing in manufacturing sector. It requires deep thinking how we can revive our manufacturing sector. Corona vaccine is best lesson to learn. Hope earlier indian young generation understand that their are no short cuts to success better It will be for nation.
True no support from labour n very fluctuating raw materials make manufacturers very tough to fight to toughest competitor like china also in my view in very good market condition in demand no indian manufacturer will think for expansion of production but always think for increase in price of that item .This mentality has to go
RRR is so logical.. he is the best 👌
Misplaced optimism of FM, Nirmala Sitharaman's bouncing back of the Indian economy is not at all based on the ground realities . Jobless growth will not do at all at this critical juncture. Youths will keep on agitating for jobs and employment.
Do you expect the FM to say Indian Economy is in deep trouble,time to pack up
All "great" economists have political inclinations and Raghuram is no exception. They will keep spinning their individual theories but most of them are irrelevant.
Promotion of excellence while cutting down on reservations and freebies is necessary for India to surge ahead.
By the way, Sidhharamaiah, ex congress CM of Karnataka has recently praised the PM's work.
Jobless growth is here to stay unless freebies politics of left, land / labour laws are reformed. Backtracking of farm laws was the biggest mistake of this govt., as global outlook is extremely bleak I don't know how India could be immune to that? Current financial outlook of world is worst time since early 90's, I would give them a pass for that however not for backtracking farm laws
@VP I am not impressed by anyone, unless he/she fits into my simple logic. Raghuram Rajan may be an acclaimed economist but he is limited by his political biases like any other economist.
The government must be taken to task whenever it brings in policies that eventually dent India's growth. At the same time it must be applauded whenever it should be.
So far the government has fared well. It perhaps could do better. Pace of reforms is very slow. A few political decisions too have been bad.
India is definitely poised for a glorious future.
In our India the situation is going out of control and very high level of serious situation for economy growth is hammered.
Very high level of serious emergency situation for our currency Rs.
Our indian currency ₹ at present time it's historical lowest level ,
It's must require urgent action by our experts & regulators to protection from depreciation and loosing the valuation in our National interest.
Our indian currency Rs is our reputation,our pride and our Strength which is everything for our great India and its great citizens.
The emergency reflection in these very important reality...
At the time of independence
Year 1947
1 ₹ = 1Dollar $ (USD)
Now in Year 2022
80 ₹ = 1 Dollar $ (USD)
Very harmful & serious situation of our Rs which is continuously loose it's valuation ,damage & facing historical depreciation .
It's damage our industrial growth, damage our employment generation, damage our export and Development
Even Our Most Respected Leader of India Late Sushama Swaraj Ji explain the significance of our Indian currency Rs and our pride, reputation, goodwill with strength in most logical manner.
Please save and protect our economy and financial situation with Currency Rs ₹
God bless our country and our currency .
Jai Hind,vandematram,Bharat mata ki Jai
We really shouldn't demonize anybody who is cutting our throats. How intolerant we are!!
It's not intolerance.
It's only opening up the truth.
He should be FM of India ❤️
Thank you Raghuram Rajan for being honest and not getting sucked by Nidhi Razdan and NDTV narrative. Surely India is facing many challenges especially because of Geo Poltics and have to work hard to solve all the issues
Raghuram Rajan's tenure as RBI governor revealed the vulnerable position of PS banks. Nation is indebted to u.
very insightful.
very insightful points by economist expert patriotic personality must take many of the hints carefully& immediately
We miss you Raghuram sir. We don't deserve a MA degree holder in history, Shaktikanta Das as RBI governor .
@@AndyKatana nope
Many dropouts even built large companies and iitians working for them. So dont mock MA degree. That MA is not from madrassa
Absolutely well said
In our India the situation is going out of control and very high level of serious situation for economy growth is hammered.
Very high level of serious emergency situation for our currency Rs.
Our indian currency ₹ at present time it's historical lowest level ,
It's must require urgent action by our experts & regulators to protection from depreciation and loosing the valuation in our National interest.
Our indian currency Rs is our reputation,our pride and our Strength which is everything for our great India and its great citizens.
The emergency reflection in these very important reality...
At the time of independence
Year 1947
1 ₹ = 1Dollar $ (USD)
Now in Year 2022
80 ₹ = 1 Dollar $ (USD)
Very harmful & serious situation of our Rs which is continuously loose it's valuation ,damage & facing historical depreciation .
It's damage our industrial growth, damage our employment generation, damage our export and Development
Even Our Most Respected Leader of India Late Sushama Swaraj Ji explain the significance of our Indian currency Rs and our pride, reputation, goodwill with strength in most logical manner.
Please save and protect our economy and financial situation with Currency Rs ₹
God bless our country and our currency .
Jai Hind,vandematram,Bharat mata ki Jai
lol madrassa chaps now wanting an american hindu to save themselves while india is having most growth in post pandemic world !!!
Insightful as always
The original name of Sunidhi Chauhan was Nidhi. The music composer Anandji changed her name to Sunidhi.
In an uncertain and turbulent geopolitical world, how can anyone project an accurate and precise economic forecast on the GDP? This debate is based purely on an ideal scenario.
I can see NDTV PROPAGANDA, WHEN I SAW TODAY, INDIA JUMPED TO 5TH POSITION IN WORLD ECONOMY.
WAKE UP GUYS..SEE HAVY THEY BRAINWASH
Yes an ideal senerio may help to predict a GDP which may happen or not but usually something close to it is. What happens.
NDTV picks the Right Topic to discuss not like other channels. Only Trustable National channel. NDTV
Yeah yeah ...full of Howard professors cheats... hahahahaha
@@Welsh575 It's _Harvard_ , genius 👏😂
NDTV is one of the few left out channels in India which presents objective and unbiased views and balanced criticism. Majority of channels look like agents of Govt.
@@mriad8211 very true..... another havard professor
@@timon3370 how intelligent you are .... .wa wa donkey....
International corporations are hiring Indian CEOs to manage their global business operations, but we are not able to find them to run our government.🙏
but when you have an agenda - the best will be to ignore them. As explained in the Republic Indian econonomic summit the Indian govt listened to the East coast economists and did the opposite - which has made the country not only weathering the war, pandemic and also keep it growing despite the issues
Respected Sir
Very serious situation of our India as far as foreign reserves and our financial situation is concern , Most urgent action required for protection our economy and financial stability
We all the Indian's are hope on only You and Your brilliance.
Really informative and unbiased.
States that are with opposition are fighting but not all for GST. There is a council , remember
when majority states ruled by BJP, how does minority have any say?
Rajan Sir is one economist ( a rare breed) who not only takes a nuanced and well- balanced views on the searing issues which barricades Indian economic growth, but most importantly, offers pragmatic solutions to them. The Indian powers that be should take heed of his advices,, especially on arresting inflation, offering better quality jobs to the employment, especially through self-driven entrepreneurship schemes, and most of all, take the Opposition parties and public in critical decision- making. India is a larger country, when compared to her sub-continental neighbours, so it is important that India adopts a leadership role model for the rest to follow suit.
this brilliant advice from the man who thought Indian economy was like the USA and kept raising interest rates until all the small businessmen/farmers who are the heart and soul of the economy could no longer borrow. Before the economy went into a tailspin he scurried back to the safety of his American university.
I wish he will return India and become the Governor of RBI
While *Heart is with Country's leaders*, while...
*Mind is asking too many questions*
Those questions need to get out of your mind and come onto your tongue..that's real patriotism..cos we correct (& question) that which we love..so let it be known to all that criticism is the truest form of patriotism!
@@vaibhavvnaik Rubbish - just anti BJP rant and lament for being cut off from power. Librandus and their swinging cocktail parties have been going on for decades.
@@adityabanerjee7145 👍 to each his own! And that's the part of arguing with a librandu you should appreciate.. Cos if it was a sanghi he would have gone after your livelihood, family and called you Anti National.. But a librandu will respect your opinion even if it opposes.. Maybe an idea of what kinda country we want to live in
@@vaibhavvnaik Oh yes, heap all that is negative on the Sanghi and shower the librandu with all things civil - that is far from the truth, the librandu is maddeningly spiteful when the hollowness of their argument or existence is exposed... they always preferred plutocracy - democracy is dangerous for them.
@@adityabanerjee7145 lol coming from the person who doesn't realise that same librandus brought democracy in this nation..the same sanghis won't even fly the flag of the nation in Nagpur..check out Mohan Bhagwat's Twitter..still no tricolour..sanghis didn't even participate in freeing this nation..and you expect them to make India great..the people who don't even understand the Crux of the nation will take it into the future..your hypocrisy is comical to say the least!
Enough of consultation done in India in first 6 decades since independence.....indians got wiser and they know who to elect
Appreciate.... insights shared by Mr Raghuram Rajan
If Shaktikant das and sitaram heard the advise of Rajan during COVID then the Indian economy would have gone to dust now.
Thanks to shakti and sitaram for not hearing this man.
Would you be so kind to mention what Rajan's advice was during Covid that would make Indian Economy go to dust?
In our India the situation is going out of control and very high level of serious situation for economy growth is hammered.
Very high level of serious emergency situation for our currency Rs.
Our indian currency ₹ at present time it's historical lowest level ,
It's must require urgent action by our experts & regulators to protection from depreciation and loosing the valuation in our National interest.
Our indian currency Rs is our reputation,our pride and our Strength which is everything for our great India and its great citizens.
The emergency reflection in these very important reality...
At the time of independence
Year 1947
1 ₹ = 1Dollar $ (USD)
Now in Year 2022
80 ₹ = 1 Dollar $ (USD)
Very harmful & serious situation of our Rs which is continuously loose it's valuation ,damage & facing historical depreciation .
It's damage our industrial growth, damage our employment generation, damage our export and Development
Even Our Most Respected Leader of India Late Sushama Swaraj Ji explain the significance of our Indian currency Rs and our pride, reputation, goodwill with strength in most logical manner.
Please save and protect our economy and financial situation with Currency Rs ₹
God bless our country and our currency .
Jai Hind,vandematram,Bharat mata ki Jai
Unless we do Administrative reforms, the Ease of Doing Business will not improve. As our democracy was trained by the Britishers to reduce our GDP and enhance the British economy. They still practice the same policy and give us Mai Bap kee Sarkar.
My favourite celebrity, Dr Raghuram Rajan.
Sir, to understand you and implement your policies a person needs to have fair knowledge, rational mindset and a strong backbone to throw away corruption. Where are those available in our great country that everyone knows.
Mr Rajan's view on our status of economy appropriate to a large extent.
Govt. to stop politics on mandir vs masjid to restore communal harmony to put the economy on right track.
Govt. should not interfare on the autonomy of democratic institution.
But look how beautifully ED has exposed the education scam in Bengal - that has strengthened democracy
Communal harmony will be done when extremists leaders will be arrested and hate mongering organisations will be banned
Mandir Vs Masjid issue solved last year only
Agreed. But this government is not going away for a while unfortunately
stupid views for his stupid audiences
I come from Uttarakhand; indeed, its remotest district Pithoragarh. I am in touch with my village and visited there only last week. One painful observation is most people have moved out of Uttarakhand for greener pastures. These who are in Uttarakhand-mainly Government employees- have migrated to nearby cities leaving very few in the villages. Those left in the villages are enjoying the houses built through Government grants, walk on the paved ways and have access to water, electricity and cooking gas like never before. They also receive various other benefits including MNREGA. The net result is agriculture and horticulture, which was the main occupation earlier, is completely closed. Fancy schemes are tried-tea plantation, dairy, animal husbandry with limited or no success.
In my young days they said Uttarakhand has money order economy as a large number of people served the armed forces and brought home their pay-packets and rum. Both were inputs to the local activity and had good and bad impact. But now the Uttarakhandis who have migrated outside do not send money orders! They earn and spend in various parts of the country and the world. So the local economy only produces human resources and exports them for nothing in return. Local economy is dependent on Government largesse. Politicians are happy distributing largesse and managing a grossly inefficient Government machine. Thousands of teachers receive crores of rupees in salaries while the children move to private schools in cities as t Government schools do not provide the appropriate education in their perception.
I think all this is policy generated. Serious rethink and correction is required. I will be happy to know Dr. Rajan's views on it.
In our India the situation is going out of control and very high level of serious situation for economy growth is hammered.
Very high level of serious emergency situation for our currency Rs.
Our indian currency ₹ at present time it's historical lowest level ,
It's must require urgent action by our experts & regulators to protection from depreciation and loosing the valuation in our National interest.
Our indian currency Rs is our reputation,our pride and our Strength which is everything for our great India and its great citizens.
The emergency reflection in these very important reality...
At the time of independence
Year 1947
1 ₹ = 1Dollar $ (USD)
Now in Year 2022
80 ₹ = 1 Dollar $ (USD)
Very harmful & serious situation of our Rs which is continuously loose it's valuation ,damage & facing historical depreciation .
It's damage our industrial growth, damage our employment generation, damage our export and Development
Even Our Most Respected Leader of India Late Sushama Swaraj Ji explain the significance of our Indian currency Rs and our pride, reputation, goodwill with strength in most logical manner.
Please save and protect our economy and financial situation with Currency Rs ₹
God bless our country and our currency .
Jai Hind,vandematram,Bharat mata ki Jai
What's this guy talking? Not liberal democracy.
Good views and I think ideal. In an environment where every bill has to be fought through, I think we have a long way to go. We need politicians behave for a better India.
what a great interview, one Harvard Professor (or Hogwarts) now in India and another brilliant "American" mind talking about Indian economy, we would love their point of view for their homeland USA a well sometime...;)
Harvard University had Kicked Nidhi out , she was never a professor in Harvard get your facts right .
Canada is also suffering from high inflation.
Interesting points, though I think we should aim at transitioning to a society governed by industrialisation 4.0, where we retrofit each and every household with the amenities of day to day life, like washing machines, dishwashers, roombas, microwaves, and run a gig economy that takes care of everyday shopping responsibilities and make all buses and trains AC. The very process of retrofitting itself would generate so many jobs that it would be enough to keep the economic engine humming for the interim process. In order for all this to be successful we must build the various amenities indigenously. One way to do that would be to hack the processes of manufacturing them, if possible by interning at the plants abroad where they are made. Once enough people come to muster the know how for doing so, we must return back to the country and start manufacturing them from scratch. An interesting Feynman story will illustrate my point. When he was at MIT, Feynman was in awe of the particle accelerator in residence, it was huge and impressive and all that, but somehow they were hardly producing any results. On the other hand the Princeton group was on fire and was producing results at a rapid clip. So when he relocated to Princeton for graduate studies, the first thing Feynman did was visit their lab, and at first he was completely underwhelmed, it seemed anything but impressive, it was much smaller and apparently ramshackle. There were wires protruding all over, various places dripping glyptal, and similar stuff. It was then that he realised that this was the precise reason for their success. They were thick enough into the nitty gritties to actually know their stuff inside out. This is what we need to achieve with our manufacturing base. So that when something goes wrong we are not left floundering and dysfunctional. And Sadhguru would tell you that you don’t need the usual run of the mill education to achieve it, for all practical purposes, Sadhguru failed the education system, but he I believe retained his curiosity and mental capacity enough to take on the challenge of building an industrial plant from scratch. So all we need to focus on is how he managed to do it, and well, what do you know, he is alive and kicking. So instead of wasting our resources on mind numbing rote education, we should investigate into how to produce Sadhgurus by the millions, and we will be back on track. Once we can manage to manufacture things indigenously that function, we will truly be on the path to be the world beaters that we potentially are. India is a sleeping leviathan that is slowly awakening. Lulled to sleep and in thrall of a foreign culture and way of life that was not ours from the beginning, we need to embrace our roots once again and borrow from the west their scientific genius, adapting it into our way of life in our own way. And our roots lie in religion, but of the man making sort, we must see it as a means, not an end in itself, and use it to build muscles of iron and nerves of steel no less, and yet have enough compassion in our hearts to lift each other up by the bootstraps. Jai Hind.
So you say our roots lie in religion but the same religion today is being used today for hatred and toxicity. We need a scientific mindset to move forward and not keep looking backward and appreciating so called past glory. Something said and spoken thousands of years back May not necessarily be true and relevant today. Growth will not come from banging utensils and tongs from the balcony of homes 🏡 in the similar way corona didn’t go anywhere by banging Thalees on sitting in a temple for 24 / 7. People need to do stuff and that’s how west developed once they moved away from right wing Christian crusades.
Everyone thinks their Religion is the best and has all the answers tthats where all the problems and strife comes from. That’s superstition not spirituality. Stop pushing the country on the path of fantastic imagination about religious glory. That’s why Pakistan did since it’s creating and we all can see where they are. countries obsessed with religions like Pakistan , Iraq, Afghanistan and many more are all in dumps. Keep your beliefs personal to yourself and not shout in the middle of the road to assert its superiority. We don’t need Nazis in India, in the end Nazi only achievement was Auto 🚗 Bahns and nothing else
Great as always Raghu Raj Raman saheb. I am always your greatest fan for your wisdom and Frank speaking.
Rajan was a poor economist for India. Raised interest rates, killed small business. Now proving to be a poor politician. I have not heard one good suggestion from him. Expert my foot.
Do you know the meaning of Economics??
I am an Economic graduate. You work at Dominos Pizza?
@@harir3628 oh really
Very good interview..
India is actually doing outstanding... Check the rupee against dollar, pound and euro
Exactly.. Taking care of minorities matters a lot in economy development. Kerala is a typical example.. Without any industry to its name, the society is able to manage a rich, inclusive, development based day to day existence only due to the " Tremendous contribution Christian and Muslim " communities apart from other minorities with in the Hindu community like GSB ( Shenoys, Bhatts, Nayaks, Kamath ) are providing.. Education development, Trading are hallmarks of the minority community intervention in Kerala... Shri Raghu Ram Rajans comments are to the point..
Who's the minority in kerala?
Hindus situation is pathetic in Kerala.
വളി വളി വളി
@@devendran6178 it is pathetic for criminals
Kerala is purely sustaining merely due to its foreign remittances. Absolutely no production, no job creation. It is pathetic inside Kerala
Politico-economic interview by an opposition spokesperson interviewing a new incumbent.
Nidhi is and always was partisan and will never be happy with how well India is doing under the present dispensation. However it's good to hear Mr Rajan who is clear with his views and was the reason this govt started with a bang. One of the best economists in the world.
Nice discussion, needs to improve child education gap and make policies comfortable to foreign investment.
What is jobless growth..??even IT employees are not sure about der job next day, then they also comes under jobless growth..??
No
@@shubhajitbiswas9990 then who will come under jobless growth ..??
@@vimaladeshmukh4017 when GDP of the country increase without increase of employment... When production of a agricultural fields increase for the use of technology. These reduce employment.
Agian use of new technologies increase the out put of a factory। Thus without employment GDP increase
@@shubhajitbiswas9990 I asked specific question ..which sectors producing jobless growth
Correption by giving whole sector to some persons..brilliant move👏
Golden time for india when raghuram rajan on board for governor
Insightful
This man is my one and only idol.🙏
😂
Rahul Gandhi ?
@@mithun06 what?
a lot of jobs getting generated through the pli scheme. We need to know that from 2007 there has been no investment in manufacturing and even the existing manufacturers were sourcing from China and south east asia.THIS IS BECAUSE OUR COST OF MSNUFACTURE IS VERY HIGH LIKE POWER, FINANCIAL COST, cost of logistics etc. all these are being addressed. only when our cost is comparable to other countries people invest. our corporate tax was very high and this also prevents companies to invest. THESE ARE ALL GETTING ADDRESSED
Btw our trade deficit had gone high....you need to see the macros and must improve in larger pace...that's what Rajan is saying
@@catworld7576 trade deficit is mainly because of imports in gold and petroleum products which is over 50 percent
Our export is increasing but fuel import is increasing which is being addressed by focusing more on renewable energy sector
Really found it so good to elevate my level desired in English
THANKS, NDTV NEWS CHANNEL 🙏🙋♂
He is like a fresh air to any economy that consults and listens to him
I can see NDTV PROPAGANDA, WHEN I SAW TODAY, INDIA JUMPED TO 5TH POSITION IN WORLD ECONOMY.
WAKE UP GUYS..SEE HAVY THEY BRAINWASH
Th third world and developing economies, suffer from what's known as, the vicious cycle of illiteracy and poverty.
Did you suddenly wake up after 40 years
@@adityabanerjee7145 No but now illiterates and poor idiots of north india are backstabing the entire country hence..
He was amazed to see Paran Das was also sleeping in the corner of the balcony.
Bhutnath Babu got sentimental. He awakened the man and asked ‘Well, Paran, are you going somewhere?’
Paran yawned and said ‘ that is what I am thinking’.
What do you mean that you say you are thinking? Don’t you have any place?
I have but there is nobody there. That’s why I don’t want to go. Please remember my advice. Old houses many a times become lucky.
The man was about to go. Bhutnath Babu resisted, ‘If you start in the evening now the night will be over when you will reach. Today I entered the new house, you are guest. You may stay. There are three-four rooms. Can’t you sleep on the empty bags?
Paran Das didn’t argue., he stayed. Bhutnath Babu’s wife didn’t object much when he was plain and simple village man. She only asked ‘are you sure he is not a thief?’.
👌👌👌 especially 14:00
Love of citizens for their social and economic growth is what Politics is. Winning elections is only things what they do.
Love? - Do you think mody is capable of giving what he doesn't have?
The word itself is missing in his dictionary!
Thanks to NDTV and Raghuram Rajan for thier excellent views and advice. It is an eye opener to all. People should learn to grow up and also learn. Jjai Hind !
‘Yes, Babu. Now give a look inside the hole”.
Bhutnath Babu gave a glance inside the hole in the dim light of the lamp and found a black vessel type something.
‘Let’s get down Babu. Very heavy. We two cannot lift it’.
Bhutnath Babu was trembling in excitement. He said, What is there inside?’
‘You will see if we lift it. Let’s come, Babu. Give me a hand’.
Bhutnath Babu went down. Then both of them lifted the vessel which was closed with lot of difficulties.
Paran smiled and said, ‘now please open it, your own property’.
It was a big vessel made of brass. It was closed with a lid tightly. The lid was opened with an iron rod and then the gold coins glittered in the light of the lamp.
Good show NDTV !! STAY INDEPENDENT, DO NOT BOW DOWN!!
According to the recent Bloomberg report, India has zero percent chance of going into recession. As compared to UK and USA India has lower inflation. I think we should be fair in criticising. A weak rupee is a double edge sword. It will make our exports more competitive
If we have a negative trade balance, what you say doesn't apply.
@@narkelnaru2710 it still won't go in recession. Remember, India doesn't export much, it's growth is mostly due to internal consumption
@@millennialmind9507
You're right, our consumption is more important than our export. But what do you think the condition of our consumption capacity has become ?
Whether or not India goes into a recession is actually irrelevant. Our quality of life is generally so low, and our expectations even lower, that the state of our economy has little bearing on our condition or vote.
That’s what every news channel and analyst said before the housing crash in 2008
@@narkelnaru2710 correct, but think about it, USA took more than 200 years to become what it is today. Small city-states like Singapore took more than 40 years to become what it is today. What do you think how much time a country like India with a billion plus population will take? Remember, it's a marathon not a sprint.