Raghuram Rajan Talks to Barkha Dutt
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- เผยแพร่เมื่อ 6 ก.ย. 2017
- "India’s growth is nothing to write home about right now,” says former RBI governor Raghuram Rajan. Speaking to Barkha Dutt in an in-depth exclusive interview, Rajan made it clear that when asked for his opinion he told the government "in no uncertain terms" that Demonetization was not the best way to tackle black money. Calling it a "jhatka" that hit the economy, Rajan said "on day one the government should have been ready to replace the banned notes with enough currency for transactions," Rajan's new book ‘I Do What I Do’ has broken his self-imposed year long silence.
In this interview he also makes it clear that he had no offer from the government to stay on though he had been willing. Watch and Share the full interview here The Week Barkha Dutt
"what i can talk about isn't interesting, and what is interesting i cannot talk about" damn sir! what an epic quote to end the talk.
rajan is very modest and cultured person luckily he has left before demonetization.working with fools is the biggest tragedy
Thank you for the Great interview.. ☺
He hasn't said anything wrong here.. Still few people r trolling him as they r mad bhaktt of modi ji..
Certianly as compared to P Chidambaram who treated ex RBI governor Rao as his servant Modi was nice and sticked to official tenure, Modi respected him
@@amrut13 that's why he went against his advice to do demonetisation
Right
My favourite economist, 👍👍👍👍👍👍👍🐔
Barkha you have done wonderful in the conversation with prof. Raghu RAM Rajan, we got substantial information from this conversation,we need lot more information with different economists.
thanks a lot
hahahaaaa...hahahaaaa....hahahaaa....hahahahaaaa...hahahahaaaa......what du say up coment....thanks a lot...hahahahaaaaa
barkha silence plz .there is nothing to be so excited that you lose it completely.. ...let the maestro speak and let us have clearer picture of what this gentleman wants to communicate to the youth ...salute to you sir
Inspiring interview. Thank you mam. Rajan sir you are one of my role models in the contemporary period. Learnt a lot on how a public servant should gauge his words in the media. Look forward to meet you one day.
Interesting questions by Seasoned Journalist #BarkhaDutt. Respected #RaghuramRajan is truly such a fine and insightful speaker. His points are beyond being valid and he is most UNPOLITICAL, which is a rarity globally. More power and goodness to come your way, Respected Rajan. Really pray that you are once again a part of Hon'ble PM #NarendraModi and Respected FM #ArunJaitley's core team. India really needs you.
He shud be FM of India..
He is a chutiya
@@rajeevshrivastava4595 no and u are a lunatic high caste North indian who worship chitrkutta
In my perspective, one additional point that could be made is that #BarkhaDutt is (consciously and consistently) really pushing for Respected Rajan to speak against the current Government. Specifically on #Demonetization and its great to see Respected Rajan take the higher road.
This guy was an amazing Governor.
Staunch Supporter of ModiJi...but really believe he should have been given another term. Indian currency & economy was pretty steady even when the World was in a state of change over the last few years.
What an amazing interview. There is never a bad interview with him..
time has come no body can hide their failure ;thruth will come one day...
What I can talk about is not interesting and what is interesting is, what I cannot talk about. 💗
We hope you change your mind soon sir!
Great interview, as expected. Just a suggestion: please get better microphones! Would make the experience even better :)
thank you. is there some issue with the sound totally clean at our end
It is quite jarring in the beginning, especially yours, Ms. Dutt. Perhaps just the volume is too loud, but I'm not very well versed with the technical side of things.
yes barkha, definitely there a lack of clarity in sound.
We Agree to Raghu Rajan to speak about Indian economy .
We lost a very economic Diamond .
Motasim Momin
subramaniam Swamy kicked his ass
mam bring south indian intellects like shashi tharoor...
Why dont you rather say " mam bring south indian murderer like shashi tharoor...." and dont forget rahul eshwar.
Respected Rajan confirms that there were NO FAVORS ASKED TO BE DONE by either of the Governments he served, which illustrates the power of India's Transparency & Democracy!
Good interview. Keep it up barkha ji. Don't worry about what critics says to you. Barkha ji we want you to see regularly.please get genius Indian on your show like this great asset of my country. Thank you
Somebody will translate the book in Gujarati and present it before our honorable prime minister.
knowing eng doestnake u smart freak
Bharka you started back😃 great to see you again...
thanks. Look out for more righthere
A real sage
Interesting conversation 👍
Bring freedom away from greed of politicians
Amazing Rajan Bhai....great work Burkha....insightful conversation
He is truly inspirational.👍
then which is the good channels republic, zee, sudarshan right? you paid bjp trollers spewing venom
Prakash78 Patel Which is better money laundering or genocide,or ill practice of democracy ? Government
caters followers to trivialise and sully the issues of India?
divineslaughter he was in tune with the needs of the hour thats y he is called a rockstar economist
divineslaughter interest are raised to increase the return on investment which is being eroded by inflation be that as it may when he took office india was in list of fragile five and inflation was in double digits his argus-eyed targeting of inflation has given more room for interest cuts increasing more investment and availability of credit and his endorsement for Monetary policy committee which is now the spine of RBI decision making has really helped the economic prospects and coming to rupee its market forces that decide it although RBI has tools for intervention but largely determined by market forces undoubtedly his contribution should never be undervalued as he dragged the economy from the brink of collapse hence he is a rockstar
ONKAR TIWARI
9
Though the entire interview is a gem, heed must be paid to 32:00. He was going after the big-fishes and was "truly" after eradicating corruption and as government couldn't control him as a puppet, someone who could be controlled was put in place and now RBIs reputation is in shambles.
Powers need to be channeled, some people fail at this..
Private citizens shouldn't have to be taxed. Politicians shouldn't be needed to give up their multi-million dollar jobs... well. Some of them.
Sir...at least you should have to be here..for teaching to the new generation...at least one or two students in this country will be like you if you taught them I guaranteed...
& not for 15 minutes but for 25 I'd be found at IIT Bombay medical health center if things in this country were allright ..cos it's been A ..... Virna Pandey. Lady Doc
It's a shame that we are not able to utilise intellectuals who would have done wonders for the country. Whoever gets elected has a responsibility to the people of India. Forget differences, work together and build a great nation. Otherwise intolerance, short-sightedness, arbitrariness will only bring our country down. In the process other countries will progress and we will be left behind.
Why ask him about demonitization that he didn't do, but so many other things he actually did... I think the interviewer was fixated on one issue, and didn't press on the corruption and actions RBI can do to curb that...
Great discussion
When you take tough decisions sometimes things will click and sometimes it won't. Similarly with tough reforms about which i have been reading since time immemorial, that unless india goes for tough reforms not much will happen. Demonetization had all the right intents but maybe it didn't turn out the way it was supposed to and the government deserves flak for it and that's how it should be in democracy. People should debate the merits of all decision making. The plus point i personally find in this whole process is that finally we have a government at the center that is not going to shy away from taking hard decisions and moving in the direction of tough reforms. whether it was GST or bankruptcy bill passed with inputs from Mr Rajan at that time, finally we have a government willing to get things done. I remember back in days when Manmohan singh was our PM, his biggest achievement was civil nuclear deal with USA and everyday i used to read articles in The Hindu as to how we were compromising on our sovereignty as nation (Later i knew The Hindu falls with left ideology and against anything pro USA). And people who opposed civil nuclear deal were his own allies, the left party of karat's and Yechury. A single majority government will have more elbowroom to take decision and in the long run its more beneficial and that's what we have currently and i am bullish on India. The government is still pursuing black money case and recently several shell companies were barred from trading at NSE, and even their CEO's will have to face prison time. So things are moving in direction of catching corrupt people. It will take time. Our population is no less than that of a continent full of tax evaders everywhere. Our tax/GDP ratio is dismal 16% whereas if you look at developed countries its around 30-45%. We need a tough leader willing to take tough decisions. Too much of dilly dallying has cost the nation 70 years.
This guy should the next PM. This guy can only fix the economic condition of India.
Are you mad? He is the one who messed up our economy.
Finance Minister would be more appropriate
Prakash78 Patel yes. he should just go back to wherever he came from.
He came from India
Prakash78 Patel What about laundering by Adani and Ambani or ohh I forgot those are your masters so you can't question them
This is the classical example, why ,we lose our brain to West.
inspirational
He should hv given an extensn
A thorough gentleman and a seasoned intellectual.
Some one believe in 'DO'and some one believe in 'Win'!
After 40.00 u realize the reason for his leaving the office.
Really good interview well done .
thank you
At the best Raghuram Rajan could get famous (?) Barkha Dutt for an interview in India, this shows his greatness. He is desperate to come to India and is spoiled by the luxury he received in India as RBI Governor. But by nature he is vindictive like Sonoa Gandhi.
great guy. Gov messed up demo for sure just to get brownie points.
It is hard for any intelligent person to work with this gov't
The fact of facts is that you are too suave to have BJP by your side.
Give respect who is she that journalist
Excellent job barkha.....pls keep up with the good work...ur efforts will not go in vain....the truth shall win...we missed u.
i find the lack of knowledge of these journalist, disturbing. Vijay Malaya's loans amount to only 9000 crore. While there are companies like Bhusan Group (steel & Power) with a loan outstanding of 80,000 crore, Lanco Infra ( 45K), Essar Steel ( 36K), Japee Infra (26K), ABG Shipyard, which none of these jokers talk about.
not at all, he was used a symbol for all companies. hear again
I agree on Sandy view
Eliminate money from world if in India & bring cheers & happy to indian people.
Great interview! Some wonderful questions too..
wtf.... the current regime is doing with my country. we have really a lot of constraints as a so called democratic republic
What he said about boasting when we haven't achieved anything substantial (besides space research) compared to Brazil, China and Russia is absolutely true. The 8th largest city in China is better planned and has better infrastructure than ANY city in India. We as a country have more poor people than China or Brazil as a PROPORTION of the overall population. Our per capita income is the lowest among all the BRIC nations. We have so much poverty around us in every city and town that you can't find in China's major cities or Russia. We are the poorest among the BRIC nations. Safety of women is the worst in India compared to China, Brazil and Russia.
So stop boasting and start cleaning up our country and work towards making better instead of chest-thumping about how it already is when it's so visibly not!
GUYS I AM CONVINCED BY BOTH MR RAGHURAJAN AND BARKHA, MODI GOVERNMENT NEEDS MORE TIME TO GET THE GRAPHS UP... I BELIEVE MODI GOVERNMENT SHOULD BE THERE IN 2019 TO MAKE ALL WRONGS CORRECT IF ANY ( I DON NOT BELIEVE THAT IT WAS WRONG AT ALL LIKE THE OTHER 99 % INDIANS! TRUST ME)
India can be the best prime minister RAGHURAM RAJAN
I agree demonetisation did not produce the expected result. However appreciate at the some steps were taken, do something is better than doing nothing!! I think demonetisation is a history for now.. lets move on other issues
NO No yup move on with reduced growth...
It might have slowed down the growth for a while,, but India has bright future ahead, what is the use of discussing about the PAST... I am not core BJP person.. but its already happened,, what is the use of discussing now?? ... think about positive side of it, I think many of us moved towards cashless transactions. which is a good sign.. Lets not only think negative sides of ...
These ups and down are expected.
you are put for cancer treatment and suddenly your hair starts growing --tats what you are talking about
Hi Barkha TH-cam is a perfect platform for brilliant journalists like you,keep it up!
Barkha was categorical in asking many important questions pertaining to list of defaulters, demonetisation and its affect on economy, cash exchanging hands between the traders and the bank managers etc. etc. But this man was wily in answering all those questions. Could not understand what he says. Cowardice !!
Demonetization is just a functionlity the expoent probslistic phenomena of correct costing to establish economy a great fallacy hence on Cobb Douglas.
Bhai tuzhai hi India ka agla pm bna chhyai
Barkha over actin during the Terror attak on Taj hotel cost many valuable officers lives.! Her direct telecast helped Terror commanders in Pakistan to give information to the terror gang inside hotel. Who was coming from which gate with what weapons?! I surprised how a NRI Rajan being citizen of USA was selected as Boss of RBI by chidambarm a
While at the RBI, Rajan did three things: 1. Never took his coat off 2. Always gave a cute smile(as if no worries, no stress) and 3. give lots of interviews and lectures. Ask him what he did to fight the corruption when it was rampant during those days.
These kind of books are normally useless. I have the book written by M.King, former governor of the Bank of England. Totally useless. Rajan's book is just like that.
Dr. Subramanian samy had the influence
Raghu is awesome but looking this bhorkha boils my blood
he did not said any nay about Mr Modi, Even Modi respected him and P Chiddu he did not removed RBI Gov abruptly as Rao was removed unceremoniously.
Modi did many things right but on Rajan, RBI & demonetisation he got it wrong. He should have listened to Rajan. If he still insisted on demonetization then modi shouldve waited for notes to be printed. If that was not possible he should have at least admitted after the fact happened and reiterate the independence of the RBI.
Otherwise he is just a demagogue obsessed with more power.
Yes barkha India se bhagi hue hai kanha se bol rahi hai
Swamy kicked his ass
Amit shah wants Indians to travel across country and see how developed India is now,For BJP bullet train is development.
Dr. Rajan was an asset, wish we did'nt loose him. And also, I am a big fan of Barkha Dutt. But i also wish she did'nt try to look feminine forcefully.. she is beautiful in her own simple way.
Barkha dutt is just antinational
divineslaughter If i answer a fool, he will beat me with his unreasonable logic.
fan of Barkha Dutt... How ..?
You must investigate a bit more about her . that will bring down one count from her fan list.
pawan negi I am not interested in someone's personal life.
priyanka dutta : I never mentioned about anyone's personal life . If someone does something which affect every person in country than that is not something personal .
If time permits , Must know about her news coverage on KARGIL WAR and Godhra kand and Kashmir issue ... That may make sense what I want to say.
Currency abolish
why did you leave NDTV ..
was time to move on.
hahahaaaa...hahaaaa.....hahaaa.....time to move on.....hahahaaaa...hahahaaa......waooooo you funy also...hahahaa
Yes a people with Black Goggles should, definitely move on! Country needs someone else here!!
confectionarly shop business makers this days making minmum three laksh to 5 laksh a day still we dont understand a diabetic world india is now next populated city as for diabetes dont blame obesitty all that junkfoods process food is quene up as fast food in urban city y u stop them and talk on
brining heavy taxes on their food today even refrigerator food as on next day itself stale food then think of hotel
some idiott microoven hazzord has health is keep on we should ask which prima facie of business oven drilling machine without they are making it up
y dont to control some hazzordous y tax is not carried to put hotels c inspection we say and even govt comes that we cannot c everywhere then what is sensex
c every vote of business negative area is kept for each political party as consistent vote they neither include nor carry it so for their business they make it as invisible and showed as tribal or unhidden areas this are facts carried
Empire picnic hahahhahahahahahahahahahahag
Barkha is looking like Govinda, Lambe baal zada ache the
crooks
No wonder Raghuram Rajan and NDTV make a perfect partner... More than the independent Governor, it now appears that he was the UPA's representative...
dab on them haters!
Rajan
Barkha dutt do some research before interviewing such smart economists highly Regressive questions
Shadow economy and informal sector has taken a hit, thus low gdp growth, previous governments failed to bring reform, your present government has done it in 3 years, ofc it will affect business as usual. if India wants to grow big it must formalized its economy. TLDR: short term loss for long term gain.
boring
Did demonetisation cause stress? This question by economist is similar to - Did tetanus injection hurt? By mother of the child. Perhaps leader of the country has to look beyond temporary hurt, just as the doctor has to think beyond temporary hurt. Other question - Was country happy to have Mayavati in CM's post in UP? Quite a possibility when big garlands of notes were adorned regularly. If there was unfair political advantage to opposition and if Modi tried to take away that advantage, I think there is nothing wrong in it.
Genius. lol
Bharkha tried hard to make raghuram spew venom against Modi govt but failed badly.
Very right, She is paid media, she is proving it day and night!!
What he said was completely correct ( if this plan has to be public), what Govt could do in the circumstances was also correct ( to hold the manipulators secretly) Are you dumb to understand this what other 99% indians supported modi for!! It's not the plan... it's guts and courage to execute the plan to shock the Black marketers!! Barkha failed to get the words from his mouth against demonitisation!! It's not about the profit and loss from it, it's more about the social and psychological impact on people. Now people understand that this kind of decisions if taken again will spoil the black money, they will be more aware!!
No Sir. Please remove Bhagava Chashma and try to understand in true sense.
Hmm Bhagwa Chashma-- I understand how you see my chasma bhagwa, oh!! Yeah, Yeah, that must be the magic of black chasma of your own!!
Also I see your Google= profile in Bhagwa colour.. I hope my normal glasses allow me see that much clearly!!
Who is she she dont know how to speak with our goerner raguram sirrrr
Givee respecttt
sir economics ab utna interesting nahin lagti ...
aao jao waps na sir pls .
It was urjit Patel who went ahead with demonetization and was successful also... Rajan didn't had the guts.. What is he trying to achieve with his book..i would rather wait for a boom by Patel to know how he pulled of it successfully. Urjit Patel should speak more in public forums.. And not let other do the unnecessary commentary.
He seems fearful of
Mr Modi and BJP
Venom
The immediate tangible benefits of demonetization are :
(i) Public sector banks liquid funds in savings bank account swelled to extra 2.5lakh crores to start the credit cycle for home loans
(ii)3.5 lakh crores less cash in the system. Informal economy contracted by 1% and hence GDP growth now likely to be around 6.5% which was expected.
(iii) Govt subisidy 4%-2% for home loans for people who are in income range of 5 -12 lakhs for homes with 1000sqft and less with RERA compliance. Real estate shifts from High end luxury apartments to affordable homes with RERA compliance.populist scheme
(iv) Inflation is at historic low 1.5%.More scope for RBI to cut rates in future ,to boost the credit cycle
(v) 20% increase in the income tax payers. The corresponding increase in Tax collection will be known by Dec-17
(vi)VBJY scheme of providing 8% FD interest for senior citizens for investment upto 7.5 lakhs for a period of 10 years.Populist scheme.
(vii) Modi 's tough talk to all CA's not to give advise to Tax evaders ,shell companies made ICAI regulator to charge sheet more than 4500 CA's in a span for four months
(viii) Around 2 .5lakh shell companies and , 12 lakh duplicate PANs are identified and the drive is continuous,
(ix) More than 80% to 90% of the medical seats in pvt medical colleges are vacant ,money laundering in medical colleges had come to an end.
By targeting less than 1.0% of the creamy layer of the society Modi govt had earned enormous good will from the bottom 70% to 80% of the population. By hindsight one can say that the Chicago professor RR would not have undergone the hot grind ,as gracefully as underwent by the present Governor Urigid Patel.One needs decades of training in Indian ecosystem to accept that condition which Urigid patel underwent.
RR was risk averse , very articulate and sophisticated but tactically avoided the bootstrap situation enforced by the govt in Nov-16 and opted for his comfort zone "academics".Modi's demon drive with bio metrics can be a case study for business schools in future. RR is the correct person to carryout such studies but it was wrong call in Feb-16 and he missed a life time opportunity
mahendran tiruvarul 😂😂😂😂😂
GADAARO KI MANDLI
This guy getting into many things out of his domain and caressing the egos of forces like communists and congress.
Why shouldn't he spill out his views. Is he forcing you to take his views. He put on the numbers..! Look at the growth rate of 7.1 to 5.1..! What does it mean. Soon you will go jobless dude..! It is not like selling Tea on Railways stations.
Basav SD Come out of your cylo buddy. There are many factors other than demonisation that is effecting industry today. Demonisation has no that kind of negative effect the way it is being projected.
Sir - cylo ? That is the problem, anyone talks against you, you name him, whatever, thats in your blood. No one attributes decline in growth rate to demonitization, but problem here is the Govt is so proud and marketing it as a success , though it didn't achieve what it was designed for. At least tell don't give false/fake info to people of country.
Basav SD well I am sure Modi and BJP is doing great. Don't spread false propaganda and pointed agendas.
Wish you luck Sir. Be happy in false promises and communal views.
Absurd interview.
Raghuram Raman is doing "Narova Kunjarva".
I believed demonetization is complete success.
These people are making an issue, I feel these people are speaking on behalf of Congress. India achieved lot under Shri Narendra Modijis Leadership. Present RBI Governer Mr.Urjit Patel not a illiterate person he know how to manage RBI. Demonetization was a big decision and good for future India, it was great success.
Lols...
Mr An One yours is Blind answer...... if you don't see cash in your ATM what can any one say about it. Cash in ATM is every where. Main aim of demonetization is less cash economy. Where is question of blind fan, I am not fan of any party but BJP and Mr.Modiji worked very hard to bring India on right track. Wake up and see how many good work done by Mr.Modiji, latest one is Bullet train, You can see how China calmed down, how many terrorist killed last two months and many more
HAA HAA HAAAAAAAAAAAAA
I agree with you completely bro, but in India nothing is true if it doesn't come from west. So we need savior like him
Now Rajan joins the presstitute. Overrated economist. Kept interest rates high and hurt the Indian economy.
This joker forgets he is made in India, talks like an American.
Lols..
I think the Joker is you
Ye videsh gaddar Rajan, Patel(New RBI Governor) se jalta hai.
Amrit Patel kya re modi ka chaplus... Jaa yha se.. sachai nhi jhel skte tum bhakt log 😂
Amrit Patel Not every Patel is smart...you know that right?
And every Desai is not smart too, including you.
sahi hai jaisa ki kaha jata hai nothing is true if it doesn't comes from West
It is inappropriate to speak in the public media and that too NDTV after he has left.
I dont work with NDTV
Rajan is a master manipulator. Nothing more.
When two Khangressiyas meet and talk, this is what happens.
You should play blue whale game.