Failures Of BJP, Mistakes, Inflation & More | Dr. Raghuram Rajan On Modi Govt. | The Ranveer Show381
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This podcast was recorded on 30th January 2024 in The Ranveer Show Studio.
In this economics-special episode, we welcome Dr. Raghuram Rajan. He is the former governor of the Reserve Bank Of India and an Indian Economist. Between 2003 and 2006 he was Chief Economist and director of research at the International Monetary Fund.
In this episode, we will talk about the basics of economics and break down the positives and negatives of the Indian Economy. We will talk about the role of the RBI governor and how he works towards the betterment of the country. We will also talk about the negatives of demonetization, the Indian education system, and employment in India. He also talks about how we can improve the employment of our country by simply improving the education system.
This was an in-depth conversation about economics with none other than the former RBI Governor Dr. Raghuram Rajan. I hope you will like this knowledge-packed conversation and do not forget to share your thoughts in the comments.
(0:00) - Dr. Raghuram Rajan x Ranveer Allahbadia begins
(3:20) - The art of teaching
(6:10) - Demand and supply concept
(8:50) - His profession & art of economics
(12:51) - How is a policy formed
(16:55) - Work of RBI governor
(18:14) - Role of Finance Ministery
(21:18) - Chief Economic Advisor
(24:38) - How does elected government affect RBI working
(30:04) - His biggest achievement
(32:55) - Can the government afford giving freebies?
(40:49) - Truth about corruption
(44:11) - Modi government criticism
(52:58) - Economic policies
(56:20) - Why he left the Modi government?
(1:01:32) - Conspiracy theory against him
(1:11:21) - His opinion on demonetization
(1:14:28) - Creating better education institutions
(1:16:42) - Employment problem
(1:21:30) - Education problems
(1:26:20) - Role of entrepreneurs in economic growth
(1:31:32) - Thank you for watching
(1:32:04) - End of the podcast
#raghuramrajan #rbigovernor
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And the course is : how to destroy banks via NPAs by Raghuram. 😅😄
you forgot to ask the current hot topic "current scenario of paytm" from his perspective
would love to see sambit patra in your show
Super interview. This gave very good insights into economy, way of thinking of policymakers, implementation, pitfalls etc. Didn't have chance to listen to RR in such good and balanced interview. Also looking forward to reading the new book.
people who have been unconsiously been matured in their immeditate society and are in a flow and also have subjective complex deep observation and individualistic fantasy creation (creativeity, ideas, vision, fiction etc) and bringing ur will into reality (creation, doing something, becoming someone etc) and having long term stamina, will to keep going, handle any challenges and win. So for the very young age our people should be exxpose to and encourage to observe, create their own thinking ideas, but also influence them from outside by painting images to motivate them and make them fall in love with any subject, creation, doing and becoming someone great, and should create original words in their own language
Why didn't you ask him how he did not tackle the bogus loans given during his tenure under UPA?
That is the most important question nobody has asked him yet.
He didn't askef SANJIV SANYAL why 10 lakh crore of loans were wrote off ?
Hey according to Ranveer you're brainwashed by Algorithms😢
@@amaranthswami2577 well Bjp government has wiped off many taxes and loans of Adani groups without giving any valid statement.
R u sure and have enough proof to show the world that his loans were written off. One has to dig deep to get the correct information@@Trendo839
@@amaranthswami2577to whom were these loans given coz I do follow almost the whole government and even RBI also. Name then and I shall find out the truth.
We need a Raghuram Rajan vs Sanjeev Sanyal debate 😊.
So that we can cover economics from both perspectives.
the only difference is raghuram rajan is the worst analyst ever. Everything he predicted about the country's economy rate has been incorrect
@@yashrao5269 Bhai tu Sanjeev Sanyal ka dekh liya na ,,khus ho gya. !!! Mat dekh ye ,aise bhi ,duniya sare log CHARAN-CHUMBAK thodi hite😂😂
Don't lower down the status of Sanjeev Sanyal. Rajan is a Western stooge.
@@nityasundar1841 kar di naa lodu waali baat, Muje ek bhi prediction dikha jissme rajan ne sahi boli ho regarding india's economic growth rate
@@nahopyga Sanyal is also a western Stooge by the way, he worked in Deutsche Bank
Who else clicked the video, paused it and started reading the comments 😂?
I did. Trying to count the number of idiot population we have
Me 😅😅
I was expecting a lot of galis thrown at Ranveer for having this man on his podcast.
Me😂
You said it 😀
I plead guilty.
What a great discussion! But, seeing the comment section I am sure the political karkartas are just commenting/insulting without even watching the podcast..
30:10 Actually it was Nandan Nilekani, former chairman of Infosys and architect of the aadhaar project, who through his vision for digital payments and creation of Aadhaar's secure identity system, laid the groundwork for UPI's potential. Also Vijay Shekhar Sharma, who through his Paytm's early adoption, aggressive marketing, and user-friendly features, spearheaded user awareness and drove widespread adoption.
Great observation.. also its rapid adoption was because of demonetisation
@@sbhrdwj UPI was launched on August 2016 and Demonetisation soon after on Nov, 2016. So you're right. May be it was a collective vision of shifting towards cashless and digital economy.
@@imsbarman abhey gochu launch hua 2016 pe planning uska 10 years phele se tha.
Ghochu plan nahi hua tha sirf idea aya tha 10 years pehle.
They didn't even had adhar at that time.
UPI wasn't planned by them though adhar was.@@JarlinJamesNDK13
So I see you have spies in finance minister and PMO also for correct information to give in this platform coz if you don't then I suppose you should delete it with immediate effect.@@JarlinJamesNDK13
49:00 this issue is a Congress birth child. They signed FTA with countries where imports have been cheaper. Killing domestic manufacturers. Thats why a lot of thinking needs to go into items going in FTA. Congress signed electronics FTA with China, without strengthening our own electronic manufacturing.
Wt BJP done for domestic exporter ...🤦
@@nityasundar1841
Ah your should check India's current electronic exports.
🤦
@@nityasundar1841 Currently they have banned export of agri commodities in the name of food security and that is impacting many farmers now .
@@nityasundar1841PLI SCHEME.
Performance linked incentives. Focus on subsidies rather than tariffs. Great way to motivate enterprises :)
@@nityasundar1841 Today's world is chaotic & unpredictable which is why we cannot completely depend on exports & today many countries especially western countries doesn't have anything valuable to give us in return in exchange of our goods & services except that useless paper called "Dollar" which has no use in coming years that's the main reason why our Govt turned inward for domestic consumption right now our Bharat is only country who has the huge internal consumption capacity all over the world which is why every country is crawling to our country to sign FTA(Free Trade Agreement) with us, by our domestic consumption our country's economy will become resilient to external threats therefore our economy keeps on growing hope u got my point.....
Hii Ranveer, For the south Indian fans of your channel Please take an interview with Dr.P.T.R Palanivel thiagarajan - former finance minister of Tamilnadu and current Information technology minister who did his phd in University of Buffalo and MBA in MIT school of management. So that everyone gets a view of south Indian states mainly tamilnadu's view on Indian government and problem of North vs South going on right now. He is an Intellectual who loves to have conversation with you!!
But he is bonded slave of DMK 😢
🤣🤣🤣you are in a fools paradise created by our very own Pappu
@@India-bw5uhyes stalin is pappu.
But ptr is intelligent and talks sensibly.
You are right Karthi. PTR should be given space to talk here
PTR did not do well in his US jobs. All companies went into loss... Many more better Finance people are there who return from US and better than this guy
You didn't ask him why Mallaya was given loan during UPA?
Did rbi gave him loan?
When did he fled india?
@@ankit_gusain__ All the activities related to leading in the economy by banks, has the data at rbi, he has the overall data of the amount lending to the different industrialist at a given period
Same time can you ask why bjp government made mallaya to escape from India 😂
Mallya was patronised by bjp also when they were ruling karnataka.
Aur inki reality kaun explain karega ? 😂
Sab except gians
Sweet!
This guy is American, we need to be careful in watching such interview
@@ravips698whi tu sirf BJP KA CHATUKAR so called intellectual and godi media dekh
RUNNING DOWN INDIAN ECONOMY WONT WORK ANYMORE . INDIA IS DOING SUPER, DESPITE ROTHSCHILD MAN RAGHURAM RAJAN PROJECTING GLOOM GLOOM . . .
IF WE ADJUST OUR GDP AGAIN, TO FACTOR IN ULTRA SKILLED COTTAGE INDUSTRIES AND OUR POTENTIAL AND OUR LOWEST ON THE PLANET EXTERNAL DEBT % TO GDP
Loans given in his tenure ?
And 10 lakh crore of loan wrote off in modi era
It is not write off...it is OTS.. Congress had waived off 3 times @@amaranthswami2577
@@amaranthswami2577if you hand out a loan to unworthy people what choice next Govt has?!
If your father loaned money to crooks and steer his death nobody returns the money, will you blame the son?!
@@cyrusthegreat3081if ur father done something really good then u can take credit of it ..don't uh !! Then in few years ,u gonna tell ,dad was wrong ,I did everything 😂😂
Just like BJP doing after Congress policies....
@@nityasundar1841 nope! People will say you dint do it you inherited it! You will look like fool saying others that you built the school when in fact it was built by your father!
Dr. Raghuram Rajan is a good Governor, Economist. We as an India ,Miss him a lot. Good Interaction Best Wishes, Vijay S Nair from Bengaluru 🙏🙏
Chamcha h। Woh
Comments are ignorant
RRR is among those hidden gems 💎 which needs to be kept hidden
😂😂😂
😂😂😂😂
😂😂😂
lol, gem of a comment
Here comes another classic godi-media fed gawar-bhakt, aka 2 rupees troll. And the fellow-junks are approving by sharing laugh emojis.
Let Sanjiv Sanyal take his interview
Mr. RRR will be torn apart by Sanyal sir. Just because his favorite party is not in power he has been painting India in a dim light.
This is the most accurate comment in this section!
I can sponsor that iff RRR has balls
Ye toh dhoti khol raha hai 😂
He will get screwed 😂
I remember him saying once during an interview that his annual salary as a RBI governor was 4.5 lakh😂😂
From that day I've stopped taking him seriously😂
His net pay was 4.5 lakhs. Of course you wouldn't know because you don't read
Yes, I remember that. It was complete BS.
@@Mel08996 just go and watch his interview with Raj Shamani in that interview Raj asked him not just once but twice that was his salary as a RBI governor and both the times he replied '4.5 lakh per annum'
How can he be wrong twice? He was lying obviously even Raj was shocked after listening to it.
'Mustafa' is better educated than him🤣 Mustafa built an Idli batter business and made more money than him. Mustafa is at least financially successful in life.
@@Anubhav_Sh_ he clearly mentioned base salary....... are you listening modi speeches frequently?? 🤣🤣🤣🤣
I don't know how many dropping ill comments here even heard the whole interview and tried to understand it. His knowledge is so versatile, he has shown what real economics is. Its not just about money. How many economists before him actually talked about these issues earlier?
But Alas! we consider him someone amongst us only, talking nonsense. Alert! He is someone among the elites - he is among the best brains, he'll not speak what you want to hear, okay - he is not a politician nor from the side of opposition. He has his own views purely filtered out from his decades of experience.
I am also a MODI Bhakt that doesn't means we become blind to other good things. MODI ji should be praised in areas he is doing perfectly well but will surely be criticized where he has failed brilliantly.
I know we have received cheap education , but we have our mind, no, lets add some value to our education and start seeing things rationally.
exactly that is what i was going to comment
Correct..
You need to read this man to understand him..hats off RR.. No wonder you were able to pull out so many strategies both in national and international forums! Hope we have your wisdom in the next government..we really need experts now.
Even these "intellectuals" need a platform to share there opinions😂
SOCALLED INTELLECTUAL 😂😂😂😂😂😂
Way better than, BJP era IntelLECTUALS
Intellectual 🤣
They were working for USA.
If you look at the history of china and india since 1990 till 2014 you will come to know that how Congress was betraying India.😮😢
Their*
Yes because even the media house is owned by some political parties who only show some specific news .
Like him or Dislike him, one thing is clear his timing is interesting with General Elections coming soon?
He will spread his narrative for sure, but as Independent minded people need to listen to him whether we agree or not.
Did you read electoral bonds list?? How shell companies thousands of crores of money through a scheme introduced by BJP/Modi.
Why didn't the previous governments did not spend billions on education and kick millions out of poverty?
Investing 2 billion for Micron to set up shop in India will pay over time. I think there is a mismatch between vision and mission. You need the industry first before someone can intern there. What Dr Rajan not saying is that starting from Independence till date, the previous governments did not do a good job! The Modi government has implemented Digital payments, and lifted cores from poverty in 2 terms.
Like he said in the beginning of the interview, he is focusing on the drawbacks than the positive impacts.
Also, there seems to be a lot of theoretical information which are wonderful to listen to.
Andh bhakt😅
According to the Reserve Bank of India, import price inflation accounts for about 1 to 2 percentage points increase in domestic inflation.
He never wanted India to be manufacture hub. And just focus on service sector. And always relay on foreign technology and imports.
It's the intentions of world bank and imf..what poor guy can do
That's why Modi govt is insisting and increasing duty free imports from foreign countries products like cotton and soya and Tur Dal also 😅
It's free market, i work for a US mechanical company. We lack suppliers who can give the quality products. They are very eager to source from 🇮🇳.
No conspiracy theory. Here
The competent will win . Period
India's manufacturing in terms of total GDP is same compared to 2014. Nothing extraordinary has happened during Modi's 10 years rule. In fact many SME's were closed after demonetization. Come out of your dream
An "economist" fielded into Bharat by obama should say a lot about this dude 😂 he's literally like the go-to doctorate chap that politicians and interest groups use to flout their anti-incumbency moves. Sheesh!
Ah, are you donning the economist hat today? Please, do grace us with your logical insights. Oh, but wait, are we resorting to personal jabs instead of scholarly critiques now? How quaint! Pray tell, compare your illustrious achievements with theirs, dear interlocutor. Ah, but do remember, one must ascend the lofty heights of accomplishment before daring to converse in such tones.
@@anujsethi7845just because you are eloquent in the language doesn't make you sound wise or intelligent.
@@dancingnachos3634There was a point too behind their eloquence. Sigh, you just couldn’t see it.
@@AshishKumar-jj7yw That's because people who are poor with language (it's likely this person isn't good at their native language either) or with anything for that matter just need to point a finger at the opposite person in a useless quip to feel better about themselves. Gandhi? "He was racist against black people." Einstein? "No one is perfect." Elon Musk? "He got married multiple times." Raghuram Rajan? "He got removed from the RBI."
I can see why he went into teaching. He has very calm composure and almost magical way of simplifying complex issues.
Hi Ranveer, If you have already recorded part 2, please release it as soon as possible. Waiting to hear the wisest words from one of the wisest men in the world is very difficult to control.
boss you cannot see the the evasion in his answers look at the other comments & answer those questions
This guest predicts the Indian economy to crash daily but fortunately it doesn't, denying the predictions of the IMF and World Bank.
He predicts Indian economy to grow by 5% while even IMF predicts it to be more than 6.5% and actual figures are more than 7%.
India was counted in fragile fives during UPA.
Says a lot about the credibility of the guest.
True that but our figures made sense at that time . Ofcourse the imf gets figures from
Government of the time .
Yes, you have become smarter than an academic, and perfectly positioned to question topics on economics.
@@cosmos1487 😂 in your dreams (replying to your comment “no, I’m smarter than him”) .
You can’t even see past the media bullshit that’s been fed to you, the political ideologies… you are a perfect specimen, ready to turn around and drop your pants for people in power to do as they wish.
You will know it when it happens. Until then all the best to your childish mind and its fantasies and fanaticisms.
Yes, and there can't be a bigger bhakt who actually believes that India grows at 7%. Substract the inflation intrinsic in that 7% and you boil down to somewhere around 3% to 3.5% at constant prices. You get it Mr. Genius.
If it grow where are the jobs. U can't create jobs without r&d new product or innovation.
How can being a former RBI governor be so naïve and non-updated. The interim budget has announced a corpus of 100 lakh crores for boosting research, the new education policy which will be launched in next year is skill based which solve the skilled labor issue, and how can he say the current Govt does not gave a vision to grow faster and stronger, we clearly have a vision of becoming 5 trillion economy and becoming third largest economy by 2030. Mudra Yojna is for boosting entrepreneurship which started way back in first regime of Modi Govt. Also as an economist, why is he getting communal, that a certain community is getting confident, development is not inclusive, no Govt. policy makes any discrimination.
RAGHURAM RAJAN NEVER TOLD EVEN ONCE THAT USA HAS 21 TRILLION USD EXTERNAL DEBT .. ..RAGHURAM RAJAN NEVER TOLD EVEN ONCE THAT CHINA IS A PONZI ECONOMY . . ..THE JOB OF THE RBI GOVERNOR IS TO SHOWCASE INDIA AS A BEGGAR NATION..CHINAs ECONOMY IS A BUBBLE WITHIN A BUBBLE , WITH A DEBT OF 365% OF GDP.. ALL G7 NATIONS ARE BEGGARS..THE TENSIONS BETWEEN INDIA AND CHINA WERE FUELED BY THE JEWISH BASTARD HU XIJIN , THE EDITOR OF GLOBAL TIMES …IF THERE IS A WAR BETWEEN INDIA AND CHINA , CHINESE PEOPLE WILL HANG THIS DOUBLE AGENT OF THE WEST FIRST -BEFORE PRESIDENT XI..India is the world”s THIRD largest economy by nominal GDP and the third-largest by purchasing power parity (PPP)..
COUNTRY / GDP NOMINAL / BILLION USD / RANK
#############
United States / 18,100 / 1..
China / 13, 200 / 2..
India / 4200 / 3..
*crore, not "crores".
Yes he should take economics lessons from you...
No doubt about the fact that not only with these conversations/podcasts people are getting more educated thoroughly but ranveer himself is getting nore & more intellect . Greatly appreciated the efforts of this show & team ❤
The news is that the new Govt got rid for the way he ruined Public sector banks in his tenure. He did not leave his term was simply not extended. Thanks to the present RBI governor and the hard work of the government these banks have recovered and are giving pvt. banks a run for their money..
i used to adore this guy a lot and took every word he said as truth but later all his comments are basically showing his hatred for a growing india,his hate for modi translated to hate for india....he doesnt want india to be manufacturing country like china..he still wants us to be IT service provider
how so?
I completely lost trust in him when he participated in Bharat Jodo Yatra. Earlier, I thought he was not a political man.
everything is politics ,BJP lovers should learn to respect constructive criticisim @@PrakharSh95
@@abhi1017 true am no bjp lover but I love my country nd when hatred towards modi turns to hatred for country is pure ego
I even read his book the third pillar. Now I am not sure whether knowledge in that book is practical.
This man is biased. How can someone learn from highly biased person?
He is the same person who said india can't achieve 5% growth. And we're now at 7.5 😂
growth of what ? seriously comments like these literally show how brainwashed people are.
Doglapaan
RAGHURAM RAJAN NEVER TOLD EVEN ONCE THAT USA HAS 21 TRILLION USD EXTERNAL DEBT .. ..RAGHURAM RAJAN NEVER TOLD EVEN ONCE THAT CHINA IS A PONZI ECONOMY . . ..THE JOB OF THE RBI GOVERNOR IS TO SHOWCASE INDIA AS A BEGGAR NATION..CHINAs ECONOMY IS A BUBBLE WITHIN A BUBBLE , WITH A DEBT OF 365% OF GDP.. ALL G7 NATIONS ARE BEGGARS..THE TENSIONS BETWEEN INDIA AND CHINA WERE FUELED BY THE JEWISH BASTARD HU XIJIN , THE EDITOR OF GLOBAL TIMES …IF THERE IS A WAR BETWEEN INDIA AND CHINA , CHINESE PEOPLE WILL HANG THIS DOUBLE AGENT OF THE WEST FIRST -BEFORE PRESIDENT XI..India is the world”s THIRD largest economy by nominal GDP and the third-largest by purchasing power parity (PPP)..
COUNTRY / GDP NOMINAL / BILLION USD / RANK
#############
United States / 18,100 / 1..
China / 13, 200 / 2..
India / 4200 / 3..
Our gdp growth is not 7.5 percent only the organised sector growth is reflected in this growth.All informal surveys data is hidden and not made public.
@@pulipakasrikiran9307atleast in formal growth is more..... .informal surveys congress were wrst
I am not economist but I understand data..one simple question if he is so able to tackle inflation then at the time of his tenure inflation stand at 9.8% average now in this regime it is 6.1%
you good with petrol at 100?
@@danielmarkjohnare you not buying petrol for 100 for the 2 years consistently? Just check the number of vehicles 2 to 4 wheelers on the read. What it was 2014 and what it is in 2024. If petrol price is bigger concern common people will not buy vehicles. People economic levels have risen in the 10 years.
I remember prior to PM Modi being elected as the PM in 2014, India was coined as one of the fragile 5 nations. It was PM Modi and Raghuram rajan who got the economy on track. It was a very testing time before. Both were the rockstars for bringing the economy on smooth track.
Brought down inflation? 😂😂😂😂 Whom are you fooling uncle?
yes in fact he did.
@@soar865 Sirji, if you would have followed his tenure, then you would have noticed 2 things:
1. He didn't bring the inflation down. It was the easing of global commodities that helped it come down. It had been easing before he took charge.
But he was behind the curve the entire time as he kept on increasing interest rates in order to tame an already tamed inflation.
Inflation at that time was not due to high demand but because of global excesses. Interest rate cuts would do jack shit.
But. Still. He decides further kept the rates unchanged as India was paralysed due to stagflation in that period. He didn't cut the rates because he had been behind the curve once again, choking India of its growth.
2. After being stubborn with 'controling the inflation', by the time he left office after his 3rd term - inflation was at a 2 year high. It is a pointless stat given we were in deflation territory anyway.
And oh, the NPA crisis that followed? It was all his doing too.
@@shivamshah1530 in which year of his tenure inflation eased that much which had given him a chance to increase the interest rates
even now also inflation is due to external issues why is govt not cutting the interest rates
@@usernamehz7ql it was 4.5% in his second term. India was in stagflation at that point, or even deflation as Arvind Subramanian (CEA then) had said. RRR was hell bent on not cutting the rates down.
@@shivamshah1530
yeah but that is the only year where inflation came below 6% but 3 consecutive years before it saw inflation remained very high
one cannot be so much sure to reduce interest rate because there are also chances where lowering interest rates may lead to inflation
There is a reason he came to this pod cast to reach out to people and have some influence on elections, Sam uncle has asked him to come here.
Absolutely
Sam Pitroda is his God father.
indeed
i guess he came here to promote his book which he has got published
Another BJP puppet and andhbhakt eagerly trying to show him under bad light because he showed the truth to the government which they didn't like.
Banks' NPAs were highest during his tenure as RBI governor.
This conversation is very very very narrow right lining but more than 90% is centric I love that this type of technocrats which knows what are the real problem and what are the most possible solution which are come in there area❤
He doesn't know what the real problems are, he just knows how to be anti-BJP. HE COULD HAVE DONE A LOT FOR THIS COUNTRY BUT HE DIDN'T
Looking forward to see a podcast with K Annamalai
+1
Noted
Yeah.
Illetrate sanghi😂😂
@@JokerBoy-ij4zc jokers😂.. Telling nationalist sanghis illiterate 😂😂
I am not against any party, just compare the tasks that are done by both the govts. BJP comes out as clear winner, they almost achieved everything which is mentioned in manifesto!!!! This is the first time i am seeing a govt performing this well...am surprised too!!! Good job BJP....Congress have lot to prove, come back stronger than BJP and try to break the record!
ye nautanki bandh kar ..i dont any support any party but bjp is winner ..sale ..₹2 dalle ..
what??? where are 2crore jobs every year??? Is rupee stronger than ever??? Farmer income doubled??? Swiss Black money brought to india?? ..... l*vde bakchodi mat faila
what is tge great achievement of bjp in 10 years.... Dnt blve te skewed data of govt.... U can tely intl instituitions or cso,cmie etc. Public debt isc198% high, esential commodities arevl 5 folds increase, currency depreciated 40%,credit growth is abysmally low, gdp is leaass than 4% , ,,,,,,,, many to say......
Kindly note all these are happemed even afyer the tax and cess om oil at higher levels and roads are built from toll collevtions
You mean they brought down inflation? Resolved the NPA crisis? Brought back black money? Created 20 crores jobs (@2 crores per year)? Developed 100 smart cities? Achieved cleanliness? Cleaned Ganga through Namami Gange? Modernized agriculture? Wait the list is long.
Have polarised and divided this great country on the basis of religion
You are very well prepared in terms of asking questions, behaving appropriately, your posture,your way of having conversation....all in right place, awesome team work keeping in mind all details like furniture, dressing, how to talk , everything...
Excellent studies n research and it's implementation..
Good Work Guyz👏
Raghuram Rajan has correctly predicted 8 out of last 2 recessions.
This guy proved how the useless those US degrees are.....our present RBI governor history graduate former IAS Mr Santikanta Das voted best central bank governor in 2023. Mr Das silently running the show cleaned up the mess of non performing assets this overhyped economist created....infact economist burried it under radar by restructuring bad loans. If Modiji didn't show courage to fight it head on, Indian economy would have ruined by now...he has Audacity to say he controlled inflation when UPA left power it was 12%...this kind of overhyped economist is good for US and west
Why he allowed printing of currency out side India?
what
Did Modi tell you that?
You got this information from WhatsApp University?? 😅
I really enjoyed this podcast, and I appreciated the discussion on education. It also reminded me of your older podcast with Radhakrishnan Pillai. Please invite him again and make another podcast on how to reform the education system in India.
watching this video when India has shown GDP growth of 8.4% while this guy said India wouldn't cross 5 % growth. What a fail economist!
Dr Raghuram Rajan is one of the most consistent intellectual persons from India. He has been consistently wrong in his predictions about India and its growth.
😂😂
😂😂
Lol you had me in first
Lol but you are 1000% right 👍
🤣🤣
Loans during his tenure , ?
No words ?
Bro i didn't watched the whole podcast can u explain what with the tenure ?
Who was the deputy governor of RBI who wrote a response to himself?
Good interview. Straight to the point and good to see balanced views and his thoughts on improving system. Most comments criticizing him is probably because they didn’t even watch the entire interview, which is sad because they missed interview full of substance.
Am glad raghuram admitted bjp is doing good job
Another BJP puppet and andhbhakt eagerly trying to show him under bad light because he showed the truth to the government which they didn't like.
He does realise that India was considered as one of the five most Fragile economies in the world by the IMF ( International Monetary Fund ) during his tenure in 2012-2013.
Right now IMF considers India as the bright spot in the globe when it comes to the economic performance as opposed to the massive global economic slowdown in advanced economies like Europe and USA and China.
He was a pathetic failure as a RBI governor just like Manmohan Singh who was a pathetic failure as a Prime Minister.
IMF still considers India a fragile economy who would take more debt than it can sustain and collapse in on itself.
Your Modi Media will not show you this nor will WhatsApp show you this.
Lav*de his tenure started in sept 2013....... ga*du chale ate hai gyan chodane
Ever heard of economic crisis in early 1990s?
Pappu of economics is the word to describe this shameless guy who put India to Fragile 5 category along with corrupt chidu
If IMF is considering India has a good grip in world economy then why the hunger index rank of India is 111 out of 125 country....in 2023 and reports are saying India is the 5th largest economy in the world...why?
2013 - 2014. India fragile 5 and why? why was inflation in double digit during UPA 1&2?
Brought down inflation I see hmm
To make the left happy u may not required to do this man.
this guy is a leftist pretending to be a right wing
exactly
Same here. Even i have said it before
Indian needs to put this guys picture in the school textbooks as an example of "failure" or "clown" works as well
why is the word "pandemic" (spoken by Mr.Rajan) muted in the episode?
Please invite j Sai Deepak and Anand Ranganathan 😢
They have already been invited
he has invited both once already
Have spoken to them before, please do search and watch. Thank you
J Sai Deepak after legalization of cannabis 😂
If they were invited during this podcast Raguram Rajan would had to run because they would had exposed his lies badly.
He is the same person who said india
can't achieve 5% growth. And we're
now at 7.5
Exactly 💯💯 😂😂
We are at 7.3 not 7.5 still very good but don't lie.
@@swapneelbehera260 7.3 is massive
@@swapneelbehera260 below 5 was not lie them by your point of view
@@riteshprakash6361and still per capita on standard of Bangladesh😂
sir , as you said before "india will face recession soon" abhi tak nahi aya ....
Guruji ko batao, ki major chunk of Indian youth and population is not educated and skilled enough to start working on high end stuff like Research and development. Hence getting into manufacturing sector or in other word factory is more easy for them to step in and contribute. Sir Ji, I am managing an IT Dev Team and I know, even after completing their engineering, how confident and market ready the people are.. Hence, we are not ready to pick high end job, so we should start with what we are capable of, and then we can groom ourselves to step up. In a nutshell, leave the agenda and be realistic.
He tried so hard to sell out our country to foreigners, but is now angry at the BJP because he failed.
And BJP is Selling Our Country to Business man's
Is there any difference between congress and BJP🥱🥱🥱
Andhbhakt + Congress bhakt = ANPADH😂😂😂😂
Yes 😂. I feel we are becoming poorer 😂@@awaken3d
How do u guys get the odacity to say all this ?
Yeah. BJP was angry at him because they thought he will sell country which they were planning to sell to adani back then right??😂😂
😂
Obviously congress would've done better but they needed another 200 years for the same Modi did in 10. Worst man to hand over country coffers to!! Pls do your homework before inviting scamsters.
Now he is a foreigner, he came to India for his vacation....
@@awaken3d so go then... Those who want to grow India are staying and building the country strong... Just look at the number of startups .... Don't bring South, north, East, West all are Indians...
Great interview. Where Ranveer has got it wrong and where Mr Rajan has it right is not entrepreneur thinking but developing skilled labour in India to face the onslaught of new technologies from China and the west. This is going to determine the future of India as a Super power
No two economists agree on price index calculation. Is it not good that RBI should make such calculation and not the government, who can manipulate
I am a photography hobbyist, and for me I have seen how higher tariffs have helped save us money when buying camera gears from Nikons/Canons. Now price in India is same or at time lower than that of US, which is phenomenal in my opinion. Not an economist, but unless manufacturers come to India for better access to Indian market how can we consumers get better price.
What manufacturers do you want in India huh?
Sir please reply do you like the current government or not?
😂😂😂 this fellow says UPI started during their time, but they themselves didnt beleive in its success hence chidambaram asked Modi if road side vendor can use it. In that case even brain behind GST was Congress but implemented by BJP. Millions may have the same idea, but one can implement it successfully. Why dont they take the credit for that. would have needed another 150 years to make UPI successful if cong has tried the same. BJP made it successful. Many ideas of congress were in papers under the shelves, but implemented by BJP. If one wants credit then take credit for the other schemes that didnt work as well.
UPI started in 2016 when Modi was in govt
@@prachirajput8394 I know, for a moment even if we agree what RR is saying, then this is our logic. How did they start something about which they never believed. They created this in paper like many more plans but was effectively implemented by BJP
@@sriranjanim1460 it's just his own narrative. We know the truth 😂😂
He is a Cong employed stooge. Nothing more. Just because someone wears suit and speaks polished language to appease those who think intelligence lies in English and appearance does not make anything they speak as truth.
@@prachirajput8394 true
I'm just curious to know who might be the CAA promoted as Deputy governor who replied to his own letter?
Bhakts dont want to hear the other side of the story. The naked emperor story is more relevant to current times
If he thinks investment in chip manufacturing is a bad idea and good idea is investing the same in education institution..oh my god 😅 how Many graduates from top colleges are unemployed… it’s high time for India to move from core service based industry than to manufacturing.
Well brother, we have missed the bus as far as manufacturing is concerned...we must stick to our strengths which is services and pharmaceutical
The new plant in Gujarat is for "assembling of chips" not "manufacturing chips" and he is saying to improve educational institutions that produces valuable entrepreneurs
@@ezhil8442I'm pretty sure its a manufacturing plant
2016 "If Raghuram Rajan leaves as RBI governor, all FDI will leave India"
2024 "Raghuran Rajan is roaming across India for future employment while FDI is kicking in left and right"
Great observation. 👏
Haha no body is bigger than Pm who wants to bring economic greatness to India . And it’s people . Look at how many millions were removed from poverty .
It's as if there's been a flood of FDI in India! But hey, why bother with proper checks first, right? Let's just see how many companies left China for Vietnam and how many decided to grace us with their presence here in India.😂
@ lost_soul 454-there is actually flood of FDI in india.see some reports.for example
(Total FDI inflows in the country in the last 23 years (April 2000 - September 2023) are $953.143 Bn while the total FDI inflows received in the last 9 years (April 2014 - September 2023) was $615.73 Bn which amounts to nearly 65% of total FDI inflow in last 23 years.-- source-invest india website)
(India continued to be a major destination of foreign direct investment, having received its highest-ever FDI inflow of US$83.57 billion for the financial year 2021 to 2022"---source whitecase.)
(India remains a favoured destination for global investors, as per the United Nations Conference on Trade and Development (UNCTAD) World Investment Report. The report for 2023 disclosed that India secured the third-highest foreign direct investment (FDI) for new greenfield projects in 2022-source Forbes india). you should Google some statistics and than comment.
@@lost_soul454there is flood of FDI in india actually.
India remains a favoured destination for global investors, as per the United Nations Conference on Trade and Development (UNCTAD) World Investment Report. The report for 2023 disclosed that India secured the third-highest foreign direct investment (FDI) for new greenfield projects in 2022.- source Forbes india
India continued to be a major destination of foreign direct investment, having received its highest-ever FDI inflow of US$83.57 billion for the financial year 2021 to 2022-source white&case
The same logic goes with GST! If manufacturing costs 18% more compared to other countries'products then who's gonna buy your product in the international market?
The sad part is that most people are attempting to prove him wrong while failing to grasp the greater picture and what we need to do for our own betterment. I believe we should focus on greater issues, such as education and human resource development.
I am happy that he spoke about education. What sad is that in rajasthan, teachers are sent to campaign for the Modi govt rather than teaching kids. This is really happening in Rajasthan
Accha laga Sunke ki Rajasthan mai 365 24*7 elections horahe hai aur bichare Rajasthan ke log padnai paarahehai😂
@The sunny.. please provide the exact data
@@deadpoolosgamer1523 Sir trust me I am not interested in politics to talk against any party. I am big fan of BJP party too but what am saying is totally true. I heard this from one of school principal who is forced to send teachers to campaign
@@gangapurambhavani6001govt employees & resources aren’t supposed to be used for campaign by any party, it’s against the rules
Indira Gandhi even got disqualified for it decades back
Par rules ki chinta kisey hai
The most useless, guy. Oh yeah i think he has twin chidambaram😂😂
Cry more
@@amaranthswami2577 whats there to cry, the soo called analysts like rajan and chidambaram have been crying since 2014
@@yashrao5269just imagine,when people of India ll make u cry ,,its just abt time 😂😂. Why u so silent abt chandigarh election...Aah,Godi Media might not have shown 😂
@@nityasundar1841 Even world bank and IMF say that India will become #3 in 2027 cry Mulle,
You fool that's why bjp is saying to vote through evm.....you people do not have brains that's why opposition fools you easily....
37:25 innhe kaun samjhaye water table is discrete pockets in ground. Digging deep doesn't mean more water.
The duty is levied at the time of import and is paid by the importer of the goods. The main purpose of import duty is to protect Indian industries from cheaper foreign goods. Goods & Services Tax (GST) is levied on all imported goods, with the tax rate being 10% of the value of the goods.
First time Ranveer failed in doing the homework about the guest and didn't picked the good questions about his bad decisions in UPA.
This Podcast should be the most disliked Podcast in 3 months from now simply because of not asking right questions from Mr. Always Right : )
But he never do homework even meeting BJP leaders.. he just keep agreeing to whatever guest says.
He never cross question or critically examine..
He keeps praising even boot licking J saideepak and Sanjiv Sanyal and many more
All he does is play ping-pong, covering up by inviting left-liberals after inviting pro-BJP or Hinduism supporters & vice-versa. His whole TH-cam/Podcast career relies on trying hard to play neutral & not offending the liberal-elites.
Bro he is having an orgasm just having raghu in the show and u expect him to ask such questions?
@@amaranthswami2577 Podcasts are non-confrontational. Has he ever criticized AAP or INC leaders at their faces? Podcasts are interviews, he is not a journalist.
@@anuragbohra he is just making everyone fool
I am not a fan of Raghuram Rajan of any sort but this was a good podcast at a deeper level and he did make a few good points. Grassroots-level power/governance and ambition, yeah, I totally agree. We need a society where new ideas, creativity and passion flourish. I partly agree with tariffs and India does need to improve its quality in manufacturing in many ways to the international standards. Depends on the people or small entrepreneurs who should be significantly focusing on innovation and quality with value. It's tough but when it's done, it's marvellous. Builds a great identity around the country and its work ethics etc. And definitely need a lot more on work on education and research.
हमारे देश में जो अत्यंत गरीब हैं, वे दिन-ब-दिन... और अधिक गरीब होते जा रहे हैं...
सबसे पहले "गरीबी हटाओ"...जो 25 साल पहले शुरू हुआ था, बहुत महत्वपूर्ण है...
हमारे आधे नागरिक केवल एक समय भरपेट भोजन ही कर पाते हैं।
पिछले 10-15 सालों में हर जगह महंगाई बढ़ने से आम आदमी का जीना बहुत मुश्किल हो गया है। . .
वर्तमान सरकार और विपक्ष को एक साथ मिल कर सभ्य होना चाहिए, एक दूसरे के साथ एकजुट होना चाहिए और सबसे पहले हमारे देश के अंदर की सारी गंदगी को साफ करना चाहिए, ..... सबसे महत्वपूर्ण है कि जनता के पैसे को बर्बाद करने के बजाय धर्मों के बीच एकता और शांति बनाई जाए। दुनिया भर का दौरा करना और चुनाव लड़ना...
भगवान राम भी कितने प्रसन्न होंगे...
पत्रकारों, मीडिया, CJI, ASI, ED आदि को ऐसे मुद्दों पर बहस करनी चाहिए.. अफ़सोस की बात है कि उनमें से अधिकांश एकतरफ़ा हैं, जिन्हें "हमारे देश के अंदर के बहुत महत्वपूर्ण मुद्दों" की कोई परवाह नहीं है!
In his tenure, things like GDPR were not given values... loans were given to fraudsters blindly... even illiterate beggars on streets are smart enough to understand the transformation... also, please note, the mastermind / architect of UPI was someone else and not the "intellectual" RR sir, @RR sir, please don't take any credit for that !!!
Some intellectuals are created by the ecosystem,he is one of them.....
Thankyou Bhai for giving this failure propogandist a platform to speak. You have a big heart. Keep going 💪❤
His prediction for Modi govt. is eactly opposite of whats going on right now..we are the fastest growing economy in the world..every one knows he is a Congressi chamcha.seen him with our pappu in bharat todo yatra last year....
Unsubscribing, sorry beer biceps!
@@sri19 no bro don't do that. Ranveer bhai is helping us exposing this propogandist by giving him a platform. Be mature enough to understand it. He is just giving him his platform so that we can understand how these types of suckers operate. We should be thankful to him. He is helping us understand these types of morons. To win against these a*** we need to understand them.
Be thankful be little mature.
Raghuram Rajan is a Gandhi family stooge so obviously he would be biased
It's very important to have both the sides of spectrum, this is what drives change , RR is wrong here in lot of things but it's important to have platform to see what he has to say
Wonderful and highly educative and insightful discussion on the complexities of economics, art and science in managing the affairs and politics of the great country like India. A very insightful discussion by none other than Great teacher Dr. RAGHURAM RAJAN . A VISIONARY Bharat needs .
Earlier RBIs were contactable when needed by citizens now rbi kehta hai e mail id mail just bounces? Why should customer voters do most work that to free????
His body language and pale face tells about him....
yep
True
when talking to this guy, one has to really ensure whether he is wearing the hat of a real economist or a congy stooge before anything else !!!!!! We all saw how Indian economy was before 2014.. Let's not forget and forgive !!!!
Wonderful Interview, Loved it. Thank you ...
What about democracy in Congress? Would have been great if Raghu sir shared his valuable insights into that. Also, what does he think about the disastrous national debt of the USA?
Peaceful community will like your this podcast 😂😂😂
Any one who is not a anDhBhkT gonna like this.😂
India has 5.3 million SMEs, accounting for nearly 48 percent of GDP.
Most are unlisted, and their earnings growth has outpaced listed companies for the past several years .
DALAL STREET AND SENSEX IS NOT INDIAN ECONOMY.
if anybody want to know what cottage industries are -just visit coimbatore or tirupur .
by raising interest rates raghuram rajan beat kailash satyarthi in decimating our ultra skilled family based industries.
😂😂 true, atleast they will get peace for some time😊😊😊
@@nityasundar1841 If you can live life as Nitya Sundar (assuming that is actually your name) is because of Andh Bhakts and whom they follow, if you'd put the chiddi of a joke, you'll be devoured by our neighbors from NW & China! Your very existence will be chewed off and spitted out. To run a country you have to have one first!
Bjp ke tate nhi ha
Arey yaar kis .... Ko bula liya😆
People who are criticizing Dr. Raghuram Rajan must realise how educated and how intellectual he is. He studied from most prestigious institutes in the whole world like LSE. He was in IMF, became Cheif Economic Advisor of India then RBI Governor. This isn't an easy task. I've seen Economics students praying him. Guys, Respect this man. He earned this much of respect and criticizing any of the govt economic policy doesn't makes him worth bullying. He's just putting facts on the table.
In design, the U-pin and tea bag reach their utmost simplicity, and at 05:45, no explanation of supply-demand, inflation-recession is more straightforward than this. -Thank you.🙏
manmohan singh had envisioned india would be 3rd biggest economy till 2044.. but we will be there in the next term of modiji.. thats difference between bjp and congress governance
Dr. Raghuram is sour because he failed as an RBI governor and at his predictions. He is the same person who conceded that large numbers of bad loans originated between 2005 and 2008, issued to the promoters with history of defaults, public sector banks failed to adequately monitor these promoters and claimed that India cannot grow at more than 5% while we have growth rate of 7.5%.
He worked with IMF during 2003-2007, you don't know even this fact and passing random comments on him.
Are you on drugs? His tenure as RBI Governor was from 2013 to 2016 and the GDP growth rate was ~8% and inflation consistently was low.
You know what is 8% growth rate put in excel and seen what happened and 4% GDP than what happend. No one god in humanity so always judgement depend on probability.
@@Carepediemsasta nasha acha nahi gai, inflation is 2012 was greater than 10%
Too good, This is a good example of people who focus on countrys betterment than a political party, community or religion
Exporters to India have a big advantage of dollar hegemony. How do you answer that in case of protective tarrifs?
I am starting to doubt his prefix , " dr." 🤔
The Congress sold the nation, made the nation fall on it's knees. Modi and BJP revived our country and has made us regain our glory. Keep crying.
Also we all laugh at this guest's face loudly. The Congress and pawn of Sonia Gandhi Manmohan said "a vendor doesn't have phone with him and you say upi payments" now the entire nation is using UPI and even foreign countries are using it. BJP deserves all the credit.
Yeah you are right you must have studied this in your WhatsApp University ..... Your parents studied in school and colleges build by congress and you blaming congress for it . Just an example : If congresss was not there do you think A.P.J Kalam sir would be able to deliver what he did for our nation ? If we have a rule for politicians to have minimum of degree qualification half of Jumla politicians will loose their oppurtinity.
@@yuvrajs8080 When presented with facts you left wingers/anti nationalists have only one thing to say. Aka education and WhatsApp University. First off, the education system in schools were sh:' and it is being reworked now due to the historical innacuracies, impracticality of the syllabus. APJ Abdul Kalam took higher education and achieved things because of his own merit not because of Congress. And if Congress hadn't build anything someone else would have. Don't give APJ Abdul Kalam's brilliance as an example for Congress aka the most useless party ever.
@@yuvrajs8080
What he said is correct.
Itna offend hone ki jarurat nahi.
Hila aur so Jaa.
@@ronitlenka9205 Profile me krishna aur muh me gobar waah kya combination hai Chu
@@ronitlenka9205 Tu paida bhi 2014 ke baad hota accha hota .... Hilata hu a yaha tere muh me
Dr. Raghuram Rajan is the best example of what you call a textbook economist. He thinks India runs how he's read in his economic textbooks. The only thing I really agree on with him is that we need to criticize the govt. too for a healthy, decentralized democracy.
China went through similar problems during their industrialization process, they had high debt but constant vigilant debt in all fields, particularly energy supply, hard work, no unions, every one (I mean both men and women) worked hard. Now China is not just a manufacturing hub and is becoming innovative too.
Right now India is on the right path, taking care of energy supply, infrastructure, entrepreneurship, and more. The only problem is that we have a political stability problem and are unseasoned, uneducated, lack political honesty with patriotism, politicians lack of listening to experts and analysing futuristic outcomes for the benefits of people. I love the prosperity of India, Indians as a whole for better living with health, wealth, with good knowledge, hygiene and service to the nation (following ethics in the private and government job, I mean to be more productive and more service to all Indians). Live together, work together, unite together, obey the Indian law together, enjoy life together. Love all my Indian brothers, sisters, mothers and fathers.