Rahuram Rajan | Panel Discussion - The Big Bets For Tamil Nadu's Trillion Dollor Economy | Chennai
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- เผยแพร่เมื่อ 6 ม.ค. 2024
- Rahuram Rajan | Panel Discussion - The Big Bets For Tamil Nadu's Trillion Dollor Economy | Chennai
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Ford left both Tamil Nadu and Gujarat, not just Tamil Nadu. But now Ford is reported to be planning to restart their Chennai factory. The company is now not selling its Chennai factory. But Ford is not planning to get back into Gujarat.
But Modi plan to bring them to Gujarat
@@gsrwarrior802lol it’s not easy😂
It is already bought by tata group and ev Nexon punch are now made in that factory
Let it happen in TN and then you talk. For now it's all talk.
What were all doing this while
Could have been better if PTR had a seat in this discussion, it will give a better perspective of Tamil Nadu view or where exactly it needs a push.
PTR is a windbag
@@vox-populi-vox-dei- with due respect among others as you mentioned is well versed in finance but I am talking about the Tamil Nadu view apart from PTR others haven't worked with the Tamil Nadu government in recent years. So plz understand the comment properly and give your thoughts! Just like that don't drop your shit.
Yes every view point must be respected...including PTRs ...why is he being sidelined all of a sudden.
@@vox-populi-vox-dei-what a dope😂
Already dr Raghuram Rajan giving his suggestions to Tamil Nadu as he is the member of the planning commission 🎉
thought Mottai stalin govt considers brahmins as snakes and Mottai stalin wants to get rid of hinduism in india
He thinks tamil population declining is not a bad thing. Typical leftist
Raghuram blurted out … decentralisation is yet to happen 😂
Brilliant discussion. hope Guidance tn & the state government will take the necessary inputs from this discussion
Brillantdiscussion.
Amslrsadmoulanagoodme.
Interesting conversation from the experts, and the moderator lead the discussion to the right direction 😊.
Great conversation!
Fantastic moderator
Green power investment measns lot agriculture land acquisition and decrease agriculture production .
One Trillion dream is a bold one. Best wishes
Have not seen Palanivel Thiagarajan. He is also an Information Technology Minster for TamizhNadu.
He was in many videos and was on stage also
He's an outcast now.
Sir, is he an upper caste? That would be a major disadvantage for the DMK government. They want votes not better economy.
@@tvm73836
He is, but he has fallen out of favor with DMK after a leaked phone conversation recording between a reporter and him.
@@casualviewer8792 Thank you Sir. Why are they sidelining him then? He could have made a difference to the image of TN in the world, which I can tell you for a fact is not the same as Karnataka, Gujarat etc.
Strange PTR had been kept out. Very unfortunate
Is he an upper caste?
What is the amount for research allocation?
Research outcomes with new products in hardware and software leads to value addition which will drive the economic growth in the future.
👏🏻👏🏻👏🏻
The great economic legends on stage & one entrepreneur stated straight forward we should encourage local entrepreneur who employs people by creating more local economy strengthening the economic of the people. This point has to be considered in much priority.
Why Ambani was not allowed for supply chain in all Tamilnadu districts by direct Procurement from village formers but allowed Amazon by DMK by supporting CONGRESS
No IT investment?
Any economic discussion should focus on corruption prevention. Very important. Corruption prevention will contribute 90% growth
Tamilnaud🎉
Mr. Arvind S is a no brainer 🤦🏼🤦🏼
Labour cost depends on cost of living and price rise.
Hosur same climate but just 15 Km away from Bangalore is still with Pigs only whereas Bangalore is in Top. Who is responsible. We have vide Road, Plenty of land up to Vellore Border. Closure to Bangalore. Why we missed the bus. DMK and ADMK was fully responsible
Maybe it is about time to make cities livable. Traffic and air quality is unbearable in almost all the cities in India. Don't just focus on the growth, but growth with quality of life. This will help us a lot in long run and avoid rebuilding of cities.
Great❤
Tamilnadu thinking of 1 trillion economy but north thinking of temple and demolish of mosque and changing the name of the road and street.
I know the union is discriminating TN when it comes to funds but lets not go overboard about centre politics. We should rather focus on developing our ecosystem more silently and systematically.
@@parthipanselvaraj2629 you are from BJP, you yourself have registered it on another thread. We don’t have any need to keep the union out of the discussion for your convenience!
Dude, DMK is hell bent on demolishing Hindu temples. Everyone knows DMK is Anti-Hindu.
Thinking/wishing vs doing something? As Shakespeare said "If wishes were horses, beggars would ride!!". Do something vs wishing. Why do you think 99.9% of the IIT-M graduates leave the state immediately after graduating. These are states from the university itself.
Tamil Nadu needs to digitalise all the work done in public facing government offices like driver license, state ID cards, land/property registration, birth and marriage/death certificates, traffic and speed citations, civil citations. I am sure that will make the state more successful and modern.
You need to understand basics of FDI. Firstly it is reported on the basis of where the company's head office or administrative office in located, not where the money is spent. For political, historical or financial reasons most of these company head offices are located in Mumbai or Delhi. For example, most Japanese companies that have majority of their operations and investment have their head offices in Mumbai or Delhi. So any FDI invested by these companies operations in Tamil Nadu are reported under the states of Maharashtra or New Delhi, not under Tamil Nadu. Same applies to lots of FDI investment coming to Tamil Nadu in IT and software. Most overseas companies have their head offices in Bengaluru. So most overseas IT investment coming to Tamil Nadu are reported under Karnataka, not under Tamil Nadu. So FDI statistics do not tell the full or correct story.
Secondly, in states such as Gujarat and to a lesser extent Maharashtra most of the FDI flows into highly capital intensive Petro chemical factories. For dollar-for-dollar these capital intensive industries contribute much less to employment and to local economy. For example, a single 20 or 30 million ton petroleum refinery may bring in ten billion dollars FDI, but because these factories are highly automated they employ small workforce, thereby also not contributing much to local economy. Tamil Nadu doesn't have such large scale Petro chemical to attract huge FDI. This may change with some huge investments being proposed in Hydrogen fuel production in Tamil Nadu.
So when they talk about FDI reported in different states take with a pinch of salt, that doesn't reflect ground reality, and doesn't talk about the real outcome from FDI.
@jayachandranramasamy7954. Sir with respect to automation the same is done with intent of improving their productivity and profit margin. This is applicable to most of the automobile manufacturers in Tamilnadu and in almost big electronics manufacturer. Also these big industries also now past 15-20 years not employing people on permanent basis rather going for temporary basis only on adhoc pay fearing the lucrative salary they need to pay which is hampering their profit. Apart from skill level, dedication level coking down at the same time expectation in salary is going up among youngester. This is certainly because of the hefty amount they spend to complete the education. India being more populous country employment will be a permanent issue in the coming days.
@@ravichandransubramaniam6169
I agree with your viewpoints. There is no single answer or simple solution to the issues you have rightly pointed out in regards to rising cost of labour and need for automation by companies to grow profits and margins etc. However, all these challenges are not unique to Tamil Nadu and India. Businesses and governments all over the world are grappling with the same issues. Additionally you don't know how AI is going to impact businesses, governments, and the society in general in coming years. We are living at a time defined by rapidly changing technologies, disruptive technologies, threat from climate change and growing geopolitical tensions, apart from potential risks from new global threats such as COVID.
It's becoming increasingly impossible to plan for next five years let alone next ten, twenty years. But in spite of such uncertainties and constraints governments at national, regional and local levels can prepare their economies and people to capitalise on opportunities and minimise impacts from adverse risks. This includes, but not limited to, identifying emerging opportunities and potential threats; strengthening physical infrastructure; equipping people with good quality education and health; enabling people to acquire skills and adapt; caring for environment and people's welfare; and providing honest government and good governance through transparency, eliminating, corruption and bureaucratic hurdles, good communication etc.
Of course, all onus is not on governments alone. All the above apply to businesses, individuals, families and societies as well. To face the future with confidence you need a paradigm shift in the way governments, businesses, institutions and people go about doing their business today. And it has to start now. As the adage goes, if you take care of today the future will take care of itself.
Fantastic!
Arrest annamalai for 500 crore scam.
Raghuram Rajan said don’t get into manufacturing, focus on services 😂. On a serious note, TN is in a precarious situation. The state faces a low TFR without having grown economically. FDI MoUs are only a fraction of what UP signed. This is because UP has the demographic advantage. And they now have a stable, business friendly, safe environment. The textile industry in TN is already deteriorating as higher costs meant lower orders. States like UP and Bihar will pick up textiles just like Bangladesh did. TN is in a very challenging situation. The port in Chennai is the biggest advantage. TN has to turn Chennai into Shenzhen and have port-led development.
Two Ex CEAs of India - both Tambramhs in Dravidland giving advice !! - how times have finally changed.
When the moderator is specifically asking for QUESTIONS, why is everyone giving fact, suggestions and personal achievements.
😂😂
Dear sir can u list out last 10 years investment details in Tamilnadu. You were also party to it. Whsy was common by global investors, Invested, progress as on dat, GST collection, FC earned as on date. Please exclude TVS, L&T, Ashok Leyland. They are locals
❤
Starting from 28:46 people are talking about why TN is so great and not asking the learned panelists why it is that no qualified technologist wants to stay in TN instead of moving to Bangalore or Pune or worse still leave the country itself. As an IIT-M graduate it made no sense for me to stay in Madras/Chennai instead of taking a 100% pay increase to work for a multi-national company in Bangalore. Though the coffee and dosas are better in Chennai, I have enough money to fly to Chennai over the weekends to enjoy coffee and dosas while enjoying the high pay and awesome weather of Bangalore! Also the cosmopolitan nature of Bangalore cannot be matched by conservative Chennai. So instead of just trying to compete with Bangalore, Hyderabad or Pune, Chennai should focus on other areas like manufacturing phones, cars etc. The battle is lost and it will be impossible to go head-to-head with those other cities. Sorry to say this, but the writing is on the wall.
I agree, the battle for IT is lost. I think TN should focus a lot on infrastructure.
@❤😢 agree sendhilkumara
If you think back it started out good. In 2000s. But only 5 years DMK was in power. And I didn't see admi bringing any projects in.
But if we take now. It is getting decentralised. It goes from chennai, coimbatore to maduri, Trichy, salem, Vellore, Villupuram. All the people who went to major cities are belong to these humble background.
If opportunities exist, they might come back. It is not the money alone. It is the people, food, language, culture , and the sense of freedom and peace. You get to stay in there hometown. It will bring back.
Since our childhood has most influence it might make sense. Let's see.
Chennai is already chocked up,better identify some other good city in TN and try to compete with Bangalore and Hyderabad.but at the same time Bangalore is facing water scarcity,heavy traffic and yet more on the way,bettet keep it half green atleast,at end of day we earn to eat good food.
This genius wants foreign firms in Indian green power. But opposes Indian firms like adani. And never mentions corruption ..
When TN is doing good we tamilians should be proud irrespective DMK or AIADMK both have done good for Tamilnadu. Ofcourse still it would have been better but comparing to northern states we should be happy.
More diversity, secular & good investment in health & education that is what tamilnadu for.
Central should give more power to states as Raghuram told Center cannot manage everything. Center should give more incentives to the states who aggressive in development.
TN govt is not fully utilising PTR. He was bringing TN finance back to normal but he is not in driver seat now.
Let’s openly say corruption is the main root cause of problem in TN
🤣😂 you're too loud man !👍
TN is not the only state with corruption ! All the states in India is corrupt.
Corruption is National phenomenon 😂😂😂
Has modi erdicated Corruption or make illusion like erdicate?
@@onlinemarketing9001
Within the context of Bharat history, it's a resounding yes !
Factors other than real Economics,commerce,social structure,overall work efficiency,and development in TN, which hampers vertical growth of economy.This obviously proves detriment to real growth. The representatives of the people should in all seriousness show transparent means to achieve economic prosperity in TN. Many Dams, industrial estates, factories existing as of now we're built in late 50s and early 60s. So our work force is always ready. FDI or entreptenurs are equally ready but they get demotivated for reasons best known to them.
So u want to say DMK / ADMK didn't do any good ??😅
At least you could have mentioned the name of Mr.Kamaraj CM of TN then during 1950, yes Kamarajar done extraordinary service to TN. But, after that it is DMK to large extent & AIADMK to a smaller extent contributed to the excellent economic growth of TAMILNADU. Most of the social indicators in TN is intact within 1st place and third place in TN for the past 3 decades. You 3% guys who were born from the head of BHRAMAA always find fault with Dravidian parties just because the Dravidian idealogy against inhuman ARYA PARPAAN'S ideology.
We know we are danger under BJP/RSS is stifling most growth process in TN. A long battle is awaiting between Dravidian parties and parties with RSS ideology. If we win in coming days India will be safe, otherwise India will be in danger which was renamed by your people as BHARAT.
@sudhakarmohan7098 , you are perfectly right.
@@sudhakarmohan7098perfect response
There is a big competition between Stalin and Modi to bring Investment to thier states.
How can TN reinvent itself as AI , startup & tech hub ?
Weather & proximity to bangalore makes Hosur the better location for hi Tech businesses.
Develop social infrastructure near hosur & see the magic .
Why not both ? 😂
❤kmsraja
Excellent Discussion
Look at the fantastic Atal Sethu expressway...that's opening now..
Maharashtra is not Hindi heartland. It's pure maratha..why is that state doing well when compared to TN???
No.wonder these two guys got fired, even the lady in the middle have to say be more specific.
TN sends our more engineers from private colleges in Salem , erode , Madurai, trichy etc etc who are unemployable and good for nothing. The great Parotta masters are far more talented than these engineers from private colleges especially from those second n third tier cities. Good old days of great engineers from TN is gone. Sorry TN .
மொதல்ல வாங்கி வச்சிருக்க மொல்லய அடைங்கடா
Yes, mumbai, Assam ,Punjab,every where.
Fed-up with all political parties.
All govt it may state or central
Tax, more tax, tax on tax.😂😂
Instead of decentralization I think South have separate governance.. when Gujrath, UP, MP, Rajasthan etc, state they are no 1 . Why resources of South spent on North or Bharath states.. Exept in Mumbai in rest of Northeren states very small migration other than central govt services.
Sure Tamilnadu 1 Trillion Dollar 2030 GDP
People can't even ask questions. Poor audience.
Raghuram Rajan is a congressman and is Pak and Chinese agent. He s not a nationalist. It s no doubt that he criticise BJP Govt
The boomers using this as platform to throw their comments rather than put questions are disrespectful and horrible
The only person can help reach 1trillion is Mr senthi balaji
Tamilnadu is a top developed state
In your dreams sir. Other than assemble cars and phones they have not done anything else in the recent decades.
@@tvm73836 T.N is the most urbanised state in India...
The only state that has balanced both social index and economic index..😂
@@SarathgopiKrishna Yes it is the world's best state in Tamil Nadu.
@@tvm73836 indeed it is lol 😆
2 jobless, with one being advisor to tamil nadu and they are going banckrupt, already discom is in do much debt without centers help state will go banckrupt
I am amazed at seeing at the answers given by Raguram Rajan. Wondering if he really knows the ground reality or a pure paper economist. For most of the questions he was either beating around the bush or defending how good tamil nadu is doing. About taxes and CES did he advice his friends in Congress when he was the governor of RBI and close to the Finance minister then. No one dare to talk about the white elephant which is the biggest barrier for startups or for that matter MNC's to invest in TN ... the corruption and Political interference and control politicians have over big investments that are made in TN. Biggest bane for TN is how politicians try to control the funds being invested. I am sure for each investment that have been publicized by government 10's of them have dropped out due to political interference and corruption. Also If TN does not fix the Chennai flooding issue in next 3-5years all these companies will disappear. Imagine every year thousands of cars in a manufacturing plant gets submerged or thousands of computers and infrastructure of IT offices gets submerged due to deluge which is now happened twice span of 8 years.
Corruption
When educated people were once there in India...
Is tamilnadu rich? Sudalai keeps borrowing money from world bank noway 1trillion
Very good discussion 🎉
very
good
Discusslo
N.
Amslrsadmoulanasirlanknagood.
I ask TN govt to act opposite of what RR says
I can understand you. Not only RR, but also AS. At 17.00, AS says that, Social structure in TN is as that of Other states. It means what...?...
I had big expectations when he joined as RBI governor but later stage I realized he is not fit for Indian economy. he doesn’t know how our Indian economy works. He simply became congress spokesperson.
Can anyone ask why sterlite is closed tomorrow how it not happening to them
Because modi wanted to move the starlite to gujarat .
He likes pollution
paapanuku tamilan nalla irukradhula enna vaitherichal
We dont need this American guy here 😅
Investors will be worried about political interference corruption and stability of this government which is riddled with corruption cases.
Tamil Nadu was always good in attracting investments since late 90s... Investors always felt Tamil Nadu is a great place to invest, nothing is unstable in this state, nothing is corrupted in this state. Don't create some random stories and make your own happiness 🤣🤣jealous sangi
Rightly said, the political pressure, looting and corruption of the BJP is affecting our TN.
@@akbarmohamedali9147 our state is ruled by dmk not by bjp and two ministers are already convicted on corruption charges. Any political party indulge in corruption will have to face wrath of the people. It may be bjp or congress or Dravidian parties or TMC or AAP.
We all know how sangi who born and settled in TN don't want Development under dravidian parties... shows how cruel they are.... thu
Ridiculous reasoning..what about Assam .how is that state doing fantastic work in attracting semiconductor companies .
That's not Hindi heartland. Just by continuously diverting and blaming Hindi heartland, these folks are distracting common public..
100% agree with you. DMK likes to give excuses instead of analyzing its failures and trying to correct them.
Why does the DMK increase debt from 5 to 8 lakh crores?
Why can't they pay the Transport employees pending amount of 13000 crores?
Does he know how many units closed in covai,thirupur,Ambattur? No plan to review the sick units.
Does he know how bad the Govt handled the rain affected areas?
Does he know how difficult to run even a restaurant here? ,the political interference?
Does he know how difficult here to move with Govt offices?
He should meet the small to big businessmen and sort out the difficulty they face in running a business here..
He should expose to the reality
Goinvindooooooooooooooooooooooooo DmK
Don't worry boss.. pls settle in UP or bihar😂😂
Raguramrajan is of no use lacks practical vision poor to understand indian administration and politics the tag as former governor of RBI is of no use
Rajan is living in Neptune when he said export milk products
Do you know the rules for exporting diary products n TN Milk quality may not even pass the minimum requirements comparing to Australia or New Zealand or Germany. No o e wants milk products from TN
Amul has done much better.
If all are in TASMAC who will work??
Makes 0 sense. You seem to be talking with 0 economic sense. Tamil nadu ranks 11th in terms of state-run Alcohol consumption per capita, and how does this have anything to do with devolution of economic powers to States? Can you please get out of such fora and participate in some Low IQ discussions and remarks!
@@cresirj6238 - Shivshakthi enterprise is a sanghi who has stomach burns. So will start all these dramas.
Yes wrongly mentioned TASMAC
NOW IT IS DRUGS.
SORRY FOR THAT.
@@shivashakthienterprise7189 yes, that's correct. Biggest importer of drugs is Gujarat's Adani port, through which drugs are distributed through rest of India. Gujarat, Hindutva model, BJP, Adani - Super!
More over u should not tie up with adani in TN for any projects.
What abt loan in TN GOVT??
Mr.RR your achievement as RBI governer pls.
Want to see the endresults..
Other wise this all efforts bcms waste/useless.
Will the investors get cover from ruling gunds and local delegates??
I fear of NOKIA.
katharu sanghi. naai sooriyan paathu kolaikkum. naaikku thaan vaai valikkum.
Sangis katharungada.
Useless Sanghi why don’t you just focus on Cartoon characters and shout Jai Sri Ram 🤣
DMK first family will become a trillion dollar family before tamil nadu becomes a trillion dollar economy. The brilliant economist’s recommendation would be close all manufacturing units in TN.
Adani has achieved Trillion dr4eam with Modi Helps. Modi penami Adani . Adani can not claim riights on Adani firms,. which is one of the fradualnce that discovered by Modi.
ommg brahmin here too hired by ur brahmin hating Mottai stalin govt???
Another correct statement would be India is too big to continue to be controlled by unprofessional & uneducated people with no specialization in anything.
I think importance must be given to the quality of politicians. Even now, in 2023 one of the selection criteria to become a politician is a person being a criminal. Criminals with excessive power often obtained through intimidation is a sure path to become a politician anywhere in India now.
Isn't over 75% of our today's politicians not even capable of understanding what these 2 gentlemen are discussing?
So I think the biggest problem in India is the nature of people becoming politicians.
Tamilnadu still depends on cheap TASMAC liquor as biggest revenue earner, isnt that a shame? iam surprised nobody addressed this
How much percentage???
BJP states more depend on liquors.
You are a Victim of fake data.
Wt wrong with alcohol revenue
Two friends and theoreticians in the dumb discussion, Beating around the bush. Oh my god, save us.
Why TN Govts hoisted many unsustainable freebies scheme for vote bank and have been become perianal loan seeking government.
Nobody discusses corruption free governance, quality education and increasing employability for a steady industrial growth
Tamil Nadu’s biggest road block is dravidian governments.
No the BJP government is an obstacle to tamilnadu government
Hardwork of BJP’s government should not go wasted by this corrupt DMK government. Their thoughtless corruption should not make these investors to ignore Tamilnadu like in the past.
What contribution? Robbing TN to buy votes ion cowbelt is no contribution. None as corrupt as today's BJP.
hard work of BJP? dude, do you know who fixed this target and who is trying to establish 1 tr economy? there is no contribution of the BJP. grow up Kid
@@saranrajt6063, regardless of BJP., DMK is one of the most corrupt party. That would definitely push away most companies. Most MNCs has strict no bribery policy.
@@dhineshr1771dude 😅😅😅😅 , just last week EX BJP MLA said edaurappa did 40000 crore scam ya ya all bjps r Saints
@@dhineshr1771 if you dont have any other reason to blame the govt, you take this charge against them is it??? its unfair brother... compare Tamilnadu with other states on all the aspects and Tamil Nade stands alone atop!!! better blame other states where education itself is an unaffordable for laymen
who would want to ivest in Tamilnadu when the ruling regime is corrupt no1 and want commission on all investments? they still depend on cheap TASMAC liquor..i guess they want to get to 1 trillion economy by opening another 10000 TASMAC shops
Vinfest,tata , boieng lot and lot of companies are interested so don't worry
If Modi lose power, Ta,mailndu will get enogh share and atatrct more FDI investment because, Union govt officers appatrentlky called inevestors that do not approach TN instead we give additional incentive, This Nasty only done by Modi.
Both Union & State Governments should work on the Facts of what the great Social Scientists discussions & guidances.
Union govt dismissed the ideas of Raghuram Rajan and was made to resign from his role... But TN welcomed and included him in TNs industrial growth plan. He is one of the think tanks working with TN to achieve 1 trillion economy by year 2030.
South india busy with investors conference, growth, etc Meanwhile our North indian friends busy with Ram temple, Hindu muslim riots, photo shop governments etc😂😂
Raghu is a useless guy, just theory, non of his plans can be implemented. He is an american citizzen and he has no role in india. We have good and compitent people in india. It is insult to talented tamilians.
Right
He is on his own utopian state creating American economy in India
Basically Cut Copy paste
We have enough economists to run India not from capitalistic in sustainable growth model
Useless discussion until DMK is out. Stop MURTHY FEE first ! Huge loot is going on in registration dept.
You totally keep shut on 25 lakh crore loan waiver for selected industrialists which is a huge huge amount. But picking the tiniest of issues. Noolandan spotted.
Have you been blind to the CAG report on the 7.5 lac crore corruption by the union BJP government or do you have selective amnesia?
Sir I'm from BJP too but don't bring politics into an economical session.
Wat abt Adani Modani cess on each airtravel and road travel...stop drinking gomutra to purify your brain
@@chddhn7410 While the issue of a 25 lakh crore loan waiver is significant, it's crucial to acknowledge the complexity of economic decisions. Focusing on specific instances doesn't mean overlooking larger concerns. Addressing various issues, big and small, ensures a comprehensive approach to governance, promoting fairness and accountability across the board.