RBI’s Das: Topic of Rate Cuts Not Even Under Discussion
ฝัง
- เผยแพร่เมื่อ 27 ส.ค. 2024
- Reserve Bank of India Governor Shaktikanta Das discusses moderating inflation, economic growth, and market expectations for central bank rate cuts. He speaks during an interview with Bloomberg Television at the World Economic Forum’s annual meeting in Davos, Switzerland.
For more on this story, please see: www.bloomberg....
--------
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: www.bloomberg.com
Connect with us on...
Twitter: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness
Best RBI governor ever for India. Understated grounded and very clear.
Kuch bhi ek video daal do best worst chaalu. Thora beech m raho yaar. Extreme end m jaane ka kya zaroorat hai.
@@israr_xyz Sab log aapkey category mein Nahin hai. Kuch log economist hai jo govt mein kaam kar chukey hai. Toh for me he is best governor . You should ask why ?
You can look up-to previous Government and it's common, And interest of inflation one and only, RAGHUMAN RAJAN JI. @@ravishingravi
When he was appointed to this post there was lot of controversy about how he wasn't a student of economy and such. I think we are doing just fine right now. Hes consistently rated among the top amongst central bank governors in the world.
@@ravishingravi he is a good governor. YV Reddy Bimal Jalan all did great job.
The best governor in the world. Neither a pessimist ,nor an optimist but a Realist. I have full trust on his wisdom.
Central banks are all the same
😂😂😂nice joke once more
For those of you who don't know this man was awarded as the best performing head of a Reserve in the world in 2023. And why not he made a 3.5 Trillion economy to grow 7.3 percent when the whole world is grappling for even 3-4 percent 🎉🎉🎉
award from unesco?
student A score 70marks in exam..he does hard work n scores 80..that is 12.5%growth…Student B scores 90marks regularly and then scores 92marks with 2% growth…by percent wise A > B so does this mean B is grappling and shaking and A is better than B ?????
He is a History graduate.
@@msdadsfsxglobal finance magzine
@@VenomM778his entire career spanning over 35 years was spent in government budgeting.
Mr Shaktikanta Das >>> Raghuram Rajan anyday any week any month any year any decade.
Shaktikanta Das is exactly how a central bank top post holder should be apolitical prudent upright, speaks seldom never about himself but just what is asked/needed.
There is a reason why we will hit 4 $trillion by March 2024 and sustain growth of 7.5% is no joke. The man is ice-cold in Monetary policy. Favorite RBI governor very accessible as a person.
@@iridium8341 so you are going to preach an Indian about RBI Monetary policies , so we will let a full mkt convertibility and do a harakiri go learn basics from a good clg of economics, its not standing in the way its standing for the way. There's a difference
FYI RBI is as efficient as the Fed its formed 20 years post fed and has never lost the sight like Fed did in Great depression or Lehmann crisis or more recently UK panicking post covid. Just an additional info India produces one of the finest brains in economics across the world but Nobel are often given to "development" economists, so we know our stuff. The day we can print money at will as Fed does we wont stand in the way🥲
2025 March that's when we will be 4.1 trillion now we are close to 3.6 3.7 or something.
we will hit 4 trillion dollars by this year or maybe even before the year ends. So hitting 4.1 trillion dollars in 2025, is very much expected.@@swapneelbehera260
@@swapneelbehera260estimates will revise wait and watch
New IMF estimates coming 30th January
They have already told India will revise upwards
An idiot 🎉he is
I like Das's clear cut answers.. Lets keep Raghuram in the back burners... he anyways has a lot to say even though not invited.
Fantastic comments by the RBI governor. One of the best Reserve Bank Governor compared to his peers across the world- He makes sense and has a balanced approached. Importantly, he hones in on the overall organic growth of India with involves the rural development alongwith overall macro development of the country.
He's the most genuine and best central bank governor ever in the whole world👍
He is far better than Raghuramn rajan under who all that we had were NPAs and now he is going all over as an expert. An expert on what?:D
An expert of making every good outlook of india in to negative.
Inflation have risen, since modi came ? What are talking about?
What age are you. Do you understand how inflation works and the factors that affect inflation? @@5SecnHack
@@G28399 perhaps you read shite on WhatsApp university
“Socialism is a phenomenon that creates poverty”
New President of Argentina
Haha. True as per history goes.
100% true. Socialism was responsible for poverty in India too
@@Keepitsimple0912 You are absolutely right, this was Nehru's thinking but we have to change it from Socialism to Capitalism. If we had been Capitalist from the beginning then we would not have seen so much poverty today i.e. the poverty rate in India would have been 0.
, And we will have to change our country's economy from socialism to capitalism otherwise "𝙰 𝙵𝚁𝙴𝙴 𝙼𝙰𝚁𝙺𝙴𝚃 𝙴𝙲𝙾𝙽𝙾𝙼𝚈"😓
Socialism can only get succeed all over world 100% when we will achieve 100 % automation and AI !
@@tourravi8420 Paaji, this debate has been settled years ago. East Asians like Japanese and South Koreans grew their economy as mixed economies. There needs to be balance between Socialist and Capitalist policies. Nehuvian era we went full socialist and now folks like you want to bring in a fully capitalist economy, even though world over it has been proven many times now that a balance between the two is needed.
This "privatize everything" nonsense needs to stop. Take UK as an example. Brits today went through this same phase in the late 20th century and they resorted to this "privatize everything" panacea. Today Brits are crying at their mistake. Privatization led to cronyism and hollowed out their nation to the point that no matter who they elect now, they are all corrupt and the common man in UK keeps getting squeezed. Even their military doesn't pay enough to sustain them anymore.
Too much of anything, even a good thing, is bad. ALWAYS have BALANCE.
India needs to update CPI basket. Our inflation numbers are not fully accurate. Too much guesswork.
Exactly
What he's saying is, India will not face an economic bubble situation like china
Our growth maybe somewhere between 6-8% but it is consistent and sustained !
Far better than Raghuram Rajan 😄😄😄.. Theoretical economist... Most banking scams happened at his time... He never took any solid step towards digitization or financial inclusivity...... Shaktikanta Das ji has been serving in Finance ministry for so long , he is a field worker.....
Raghuram is a political hack. He made so many predictions that were all wrong and that man was supposed to be a former RBI governor. Das is miles above on the topic of competency with regards to Raghuram. No wonder Raghuram is starting to delve into politics, considering he was a failure as an economist.
Crystal clear!
The focus is on managing inflation the RBI governor is doing a good job of deflating prices growth is kicking in if inflation does really get to 4 percentage markets will shoot up
Express ur everyword is the actual truth, situation n circumstances
Best Central Bank Governor in the world now! Amazing work!!
Dr Raghuram Rajan is stupid. and overhype. Dont quote him when talking to greats of Shaktikanta Das. Das is very straight forward, clear in the vision.
😂😂😂
😂😂😂😂laura bhakt berozgar
Lets see shaktikant das as new finance minister after 2024 ... Veey much a possibility
Sanjeev Sanyal?
He'll be better than Nirmala Sitaraman.
@@Xinnie_The_Fluyep
I think he will be finance minister in modi govt same happened with jaishankar 🎉
Nirmala Sitaraman is doing good job as well.
@@shrinidhikulkarni479 No she is not.
She is loyal to.modi but no good at the job@@shrinidhikulkarni479
@@kanekiken2002 what issue do you find in her?
Which way? She has very well managed the budget of India. People were having so much doubt on her. It is just that we don't give people a chance.@@kanekiken2002
I appriciate indian RBI's stance on crpto.
cannot counter Indians based on the American educated person, Raghu after his multiple failure in prediction is getting more and more cynical. He is shocked that Digital revolution in Bharath had a successful launch and that it is giving the RBI the leverage on the growth.
Hindu economic growth was underestimated by Raghu, but see the result, how temple business has created the positive impact on tourism, Ayodhya alone can generate 1 trillion dollars(~1.3 lakh crore) revenue due to tourism. Imagine how the face lift to the city in span of 3-4 years has brought wealth to the city. Bharath has the potential to grow organically unlike china fast growth.
Can you kindly cite the source for the 1 trillion dollar estimate?
Pure delusion and a conflation of zealotry with economics. But I appreciate you keeping it classy while questioning him.@@habibraihan7738
@@habibraihan7738WhatsApp University thesis
@@habibraihan7738it is 1 trillion rupees or 1 lakh crore economy boost. It is mentioned in some articles. But yes it is not I trillion dollar
1.3 Lakh Crore is $15.5 Billion not $1 Trillion
But yeah Shaktikanta Das is way better than Raghuram Rajan
Okay sounds good ,thanks
Please note that without any Favour from Central Banks , Regulators( which lead to corruption), Still India is growing.
Our hope is that in next term of MODI , we can hope all fall in line
All things is depend upon risk management policy n strategy n execution, every one optimistic.
clear firm answers and action.
didn't she hear him say: "I cannot give you a clean ans on this" common lady!
Very well said,sir great
I'm a fan of him,But Rate cuts Would improve India's Growth to much needed 8%+
It will lead to fall in indian rupee and thus impact our import bill which will again rises prices of commodities.
Europe & other part of facing recession or on the brink of it. India's growth at 8% useless while buying countries of your products under recession
@@jainapurvab No,India has a Massive $ 620+ Billion USD of Forex Reserves to mitigate Rupee Fall, falling rupee is only Beneficial to our Exports which have grown by 50% since 2020 and India keeps on Receiving 100s of Billions of USDs of Dollars in form of FDI, Remittances,FII,Bond Purchases and FPI etc
@@User_Id479 EUs' recession is of it's own Making, It destroyed it's Economy thanks to Social Democracy,Which for votes, Demands Huge Pension Bills,Social Security, In taking millions of less productive illegal Immigrants are a HUGE and Massive Strain on European economies who R already struggling to cope with Loss of Manufacturing,Low Brith Rates, Declining Population etc
@@wisdomhighschool9975 there is always margin limit for forex. Reserves should not be sold just to maintain price.
Grounded and focused!
He is a history graduate
🇮🇳 economy is slowly rising 🐌📈
certainly in west bengal.
It's not West Bengal, better to say West Bangladesh....
@@palashranjandas9928tu Nepal chale ja😂
India should not appoint retired IAS officers as rbi governor anymore. There are more competent economists out there.
You mean Raghuram Rajan 😄😄😄.. Theoretical economist... Most banking scams happened in his time... He never took any solid step towards digitization or financial inclusivity...... Shaktikanta Das ji has been serving in Finance ministry for so long , he is a field worker.....
Raghuram Rajan is loyal dog of Antonio Maino
Ias hoga...tabhi toh puch hilega mudi ka😂😂😂
@@AdityaSingh-fu5dlyes us kitte ka bhi aukat nahi ha
.Bane ka Tereko ko.. smjha berozgar chapri
@@happysoul8147acha lordu bhakt😂
Pls reduce repo rate..
RBI ❤ An institution with a stellar past record and a precise plan for the future. It has always helped Indian economy to navigate through thick and thin.
crisp. coherent . Brilliant
No doubt! best governor in India's history. Jai Jagannath
This is February and i still don't see the reason to cut down rates
Neural network subset of AI.
BI for RBI share market i. E., foreign currency exchange
Neural network for RBI bank data centers with huge account holders where BI required to filter account holders applying loan with heavy amount.
Neural network subset of AI has maths. One to one, many to one in sql query combination, primary foreign key in database table, etc
Jab tak US me rate cut nhi honge tak RBI se rate cut ke bare me puchna "just waste of time"
This is laudable.
Why is Bloomberg increasing its video topics on Indian socio-economic conditions. Did your views dropped at a certain point of time lol
Because it is best performing large economy in the world 🌎 for a while now
only one issue though, consumer demand has been really slow, people aren't consuming enough gov have to do something about it. export is secondary local consumption should be our primary focus, we shouldn't depend on only top 10-15% of population consumption to run our economy it won't be good long term solution also don't covert India like USA in complete consumption based economy either.
Good speech sir ❤
election coming in this year it was expected that disinflationary measure would be given priority.
He is from odisha.. The secret of India'
Ur every word is absulate truth
GDP and economic factors may help the economy to grow but unemployment alone can drag down the whole growth story
No one show enough courage in sharing the actual numbers
While raghu has becoming a cry baby and writing books which advises india to shutdown industries and factories. That traitor.
Worst rbi governer ever
govt employee in such positions cant provide media bytes
No proper answer sorry expected detail data base answer
Raghuram Rajan strikes again lmfao 😂
The best CB GOVERNOR IN THE WORLD !!! ❤️❤️❤️👍👍🫡
Laura
Raghuram Rajan needs to learn from Shaktikanta Das a great deal
Bhai interest rate cut kar re bhai loans me problem ho raha hai
👍👍
He must be next finance minister
RBI governor is rocking...🎉🎉🎉
Laura
Rate cuts = Recession.
Recession= rate cut
Broad based inflation is not even under 6 % no matter what he says
Ive seen medical inflation moving more than 10% in the last 3 months
"Don't look at the numbers".....wtf
He is taking like a politician rather than RBI governor. Not even one question answered properly, straight to the point.
Raghuram Rajan 😄😄😄.. Theoretical economist... Most banking scams happened at his time... He never took any solid step towards digitization or financial inclusivity...... Shaktikanta Das ji has been serving in Finance ministry for so long , he is a field worker.....
@@happysoul8147Abe berozgar ek hi comment kitna katega😂
Rates will be cut to boost mood before elections,
Beat governor of 2023 award winner is das
when u know who is puppet n who are the puppeter ...
Food inflation is around 10% since months. Nobody buys a house or clothing every month, I mean most people. Last month pulses inflated 20%, Vegetables 27%, Cereals 10%. Only edible oil deflated by 16%.
Source?
Which country?
Stop waffling. In my part of the country nothing like that has happened.
@@HarishankarPMsource acc to him : trust me bro (means info from his ass) 😂
food inflation is around 10%? What? Then how govt is providing free food for the people below poverty line? Vegetables, celerals, pulses and edible oil comes under food only. Why categorize them differently? And who said no one buys clothes every month? So may rich people buys it every month. And most people buys cloth every month. Clothes are not even that expensive. You can get clothes starting from 50 rupees to clothes starting from 80,000 rupees.
Das capital 😊😊😊😊😊
nice one
These types of discussions on television are rare these days. We mostly see idiots talking about regular shit.
Why is she shouting though?😮
She may have old relative so she know old hear less . Iam just assuming.
Gov has asked for new funds f marega 🤣
yet FDI is lowest since 16 years
🤡🤡 give me the data
Dude theres like 2 major wars happening
@@makeki7756 dude India's share of the global FDI is also lowest since 2017.. if that make sense to you
India started working on it's economy from 2022. What do you expect?@@rijzone
Since 16 years ? Are you absolutely crazy ?
16 years ago FDI was $22 Billion and in 2023 it was $71 Billion
Where did you learn Math ?
🤣
Country he governs is poor asf
BJP needs to be voted out of power for the country's sake.
rbi rate should be 7.5 pc repo rate.They need to raise by 1 pc.specially with high oil and food prices which are all but a certainity in 2024,rbi needs to be pro active.Actual repo rate should be 0.5 pc above the inflation.The reported inflation of 4 pc is fudged,it is upward of 6 pc,usd itself has risen 10 83.5 from 79 rs,so the real rate of food inflation needs to be countered,not oil as it has geopolitical dictation,though india can shift to domestic crude production and then controlling inflation will be quite easy.We shall shift most of our imports to india from china post the reset so growth will be unprecendented with low inflation.But until india doesnt shift oil the real rate should be above the actual core inflation.0.25 pc above it is also ok.
Growth will stop.. no one will take loan ... It will halt growth...
Worst RBI governor of all time
Why?
Can you explain
You mean Raghuram Rajan 😄😄😄.. Theoretical economist... Most banking scams happened at his time... He never took any solid step towards digitization or financial inclusivity...... Shaktikanta Das ji has been serving in Finance ministry for so long , he is a field worker.....
@@happysoul8147fir ayega gaya andhbhakt