Don't underestimate Aravind Panagariya as Mr Modi's government is here and everything is possible but it will take time as we are dealing with global economics not only local .
I appreciate his unbiased views, purely on the experience and knowledge he has.....grt his humble ness and prompt ness...highly mature ,thx Subbarao...
Dr Rao seems to be so out of depth when he talks about gold. His comments are shallow because of the limited context of Fiat dollar regime. In times to come the Gold reserves of a country would be its real worth as dollar looses the global status and looses value. He may be right .. but in a limited paradigm.
about 4-5 minutes before the end of interview, Dr. Subba Rao mentions "Gold Appreciates...", in reality gold doesn't appreciate much in relation to other financial assets (Equities or even fixed income these days), it is the currency (rupee) that depreciates as a result of which, in rupee terms, the value of gold appreciates. If you look in dollar terms ,the value of gold at its lowest since start of this century in Apr 2001 was USD 468.19 per ounce and today (in Apr 2024) it is USD 2285 per ounce, that is an annualised growth of just 7.1% and that is assuming you bought at absolute lowest and sold at absolute highest, anything in between means you didn't even beat inflation. But because in these 23 years rupee depreciated gold gave 9-odd percent annualised return in rupee terms, that is still less than 10% CAGR in 23 years (precise 9.85% CAGR). And yet people are crazy about gold. 🤦🏼♂
Must understand the details to figure out what is likely to happen in future to be adequately prepared.dr rao ' explanation is par excellence and very articulate.thanks
Excellent presentation by Dr. Rao whom Modi government must include in the council of economic advisors, not just a bunch of YES people around Mr. Modi!
Great information from proper sources 👏 thank you for your great service
Don't underestimate Aravind Panagariya as Mr Modi's government is here and everything is possible but it will take time as we are dealing with global economics not only local .
I appreciate his unbiased views, purely on the experience and knowledge he has.....grt his humble ness and prompt ness...highly mature ,thx Subbarao...
Dr Rao seems to be so out of depth when he talks about gold. His comments are shallow because of the limited context of Fiat dollar regime. In times to come the Gold reserves of a country would be its real worth as dollar looses the global status and looses value. He may be right .. but in a limited paradigm.
Brilliant. Incisive session
Questions worth asking!! Insightful session...
about 4-5 minutes before the end of interview, Dr. Subba Rao mentions "Gold Appreciates...", in reality gold doesn't appreciate much in relation to other financial assets (Equities or even fixed income these days), it is the currency (rupee) that depreciates as a result of which, in rupee terms, the value of gold appreciates. If you look in dollar terms ,the value of gold at its lowest since start of this century in Apr 2001 was USD 468.19 per ounce and today (in Apr 2024) it is USD 2285 per ounce, that is an annualised growth of just 7.1% and that is assuming you bought at absolute lowest and sold at absolute highest, anything in between means you didn't even beat inflation. But because in these 23 years rupee depreciated gold gave 9-odd percent annualised return in rupee terms, that is still less than 10% CAGR in 23 years (precise 9.85% CAGR).
And yet people are crazy about gold. 🤦🏼♂
Great speech. Very balanced and realistic.
1:00:00 holding gold is negative? For who?
Explained macroeconomics in an understandable language 👍👍😀
Mind blowing Dr Subba Rao Fantastic. You have laid out the future economic policy of India
A wholesome coverage. Thank you!
One of the Brilliant Econimst that our country ever produced
excellent
Balanced and insightful!
Thank you sir🙏
Thank You for this session..!
Great information
Awesome presentation
Good analysis 😃
Full marks to Shri Subba Rao 👏👏👏
Must understand the details to figure out what is likely to happen in future to be adequately prepared.dr rao ' explanation is par excellence and very articulate.thanks
Thanks sir
This is brilliant deserves more views
Great speech and insight.
I liked Annamalai AI answer than this.
What are the explicit policies government bring and still stay in power?
Knowledgeable talk by honourable Governor
Excellent presentation by Dr. Rao whom Modi government must include in the council of economic advisors, not just a bunch of YES people around Mr. Modi!