I thought the views expressed by Raghuram Rajan were well considered and balanced. What is really required for development to happen as expressed by Shri Rajan is investment in human resources and public health. Wherever growth has happened in the recent past as in China or South East Asia, it can be seen that there was a substantial increase of educated people and the general health of the people had also gone up. In India too this needs to happen and there is no short cut for achieving the growth desired. As for increasing the jobs, as suggested by him the tourist sector is a very good option. His observation that we don't have good plumbers or other technicians even in metros is a correct observation. If we are looking for good advice, we should be prepared to accept advice from knowledgeable and experienced people without looking at them from the narrow political angle.
Amusing to see Mr Kanwal pushing RRR for answers. RRR is not the one who needs to answer why the economy is in its current state and what needs to be done to put it in the right path. Push people in the Fin Ministry, Niti Ayog and PMO, but that you wont do. Need a spine for that.
Go and study the unemployment ratio between highly educated and high school graduates. You'll have the idea what he is talking about. People with PhDs joining as 4th grade govt. employee is like using public money to buy peanuts for the rate of gold nuggets.
Kanwal talking about corporate America kissing the ring. What about the fact that he and the whole corporate media did the same and more, 10 years earlier?
Not every expert says anti government advice. They may be guessing the right expectation bcz GDP is not the matter per capita income also matters . The government should focus on the bottom to top approach development instead of top to down development. If our goal is to be developed in 2047 . We have to focus on the bottom of the economy instead of the top richest person.
First words what he said. Is that not new normal for the world? And for that reason not just for India but for all the countries with no exception to USA and india as well! Why this person can’t see positivity in the era of one global world!
With high interests, high power and labor costs, India is not very competitive in many industries, and land acquisition being a major hurdle as well as very expensive..
Can india today catch a serving high profile heads of institutions, so that it can display the current efficiencies of the current government. Raghuram rajan is a qualified one, but he is not a proper accountable person in the government in the current scenario
While talking of Wealth Tax in US, Rajan is missing out on the fact that trusts and other institutions created a pattern of diversified ownership and professional executives managing businesses. This has definitely distributed wealth and created great job opportunities AS A SYSTEM just in order to reduce tax liabilities. Not a bad bargain overall.
@gaurabsingharoy3632 true. But these are very few and of limited size and ambitions. The American system made every generation give up ownership for fear of tax and expanded the board system of management extensively. This created numerous trusts of huge size and longevity. Indian family system still works on benami share control system rather than elected boards. Much has been corrected in last couple of decades, perhaps wealth tax would create more and better represented boards.
1:30 the way he says Vietnam and not India really makes me think if he's fit for any job in the Indian Goverment. Someone even called him logically Darbari in the comments 😭
Lol yes idiots like you will eat whenever shit bjp leaders will feed you and someone who speaks logical you say they have an agenda. Dumb voters like you are the reason Indian economy declines
What an Irony, when Modi thinks of India first by trying to make India a manufactiring hub these so called Formeres cry but whn USA President says America First & do manufacturing here theses same people say ooh ya rt rt so good
She is completely out of touch with BJP voters. Middle-class consumption power has been sucked out with a total of 60% total tax by various govt agencies. Her priority is ego satisfaction, arrogance complexities, and confusion, which are totally against Sanatana Dharma. She enjoys the old pension scheme for her Rajya Sabha tenures. She locks the EXCESS TDS refund server for 15 months and makes the refund without interest after enjoying funds for 15 months. She does not respect Mohan Bhagavat ji and Nitin Gadkari ji. She threw into the waste basket a reference from them for accepting the grievance of bank pensioners pending since 2011. She appointed an Attorney General to defeat bank pensioners in SC after filing an appeal against various high court judgments against the injustice caused to pensioners. She has made sure that SC does not take up the case and has ensured adjournment since 2016. Can you imagine the negativity of a Cabinet Minister misusing the loopholes in the judicial system? Many pensioners have died but her ego is making her fight with the family of the dead-pensioners. fights against senior citizens. She failed to bring private investment after obliging with 25% corporate tax. She will get a proposal that will be anti-middle class, anti-pensioner, and anti-senior citizen. GST on health insurance premiums is declined, and she adopted the old Congress Party's strategy of appointing committees to delay/deny justice. She does not want to face voters in Lok Sabha elections. In Coimbatore, she extracted an apology from a businessman who was asked to give suggestions on GST. She secretly recorded the personal conversation, tendering apology, and uploaded the video on social media.
RRR is a durbari and very intelligent ! He is not foolish like others in the Congress who go around spreading meaningless narratives . He opines that private investment is not forthcoming because they don't see demand cong up ! He doesn't want to say that BJP/ Modiji have eliminated ' phone banking ' brought in and practiced by UPA ably assisted by RRR. He comments that Trump tax can impact India but reluctantly admits that our growth will be 6 plus % ! Again, he criticises incentives for Chip manufacturing which is capital intensive , doesn't generate proportionate employment and goes on to say that we should focus on chip designing. What he doesn't know that chip designers all over the world are Indians .... Mr.Rahul, kindky tell this Gyani that mudra scheme has created tens of millions of small entrepreneurs which in turn created huge number of jobs . He always clings on to the theory of cash in to the hands of people for boosting demand and hence production and hence develop economy. This approach has failed world over and most economies who indulged in that are feeling with inflation and unable to recover the economies. Pl don't give much bhav to this Gyani who presided over the almost destruction of our Banking system and our economy.
Have some knowledge of economics and only then you will know the potentiality of this sold called Congress economist dreaming to be the FM of Rahul Gandhi's cabinet
Dr Rajan should quit economics and become a therapist. It is more fitting to his skills. Chip designing requires advanced degrees and you only need limited number of chip designers. It won't create jobs. You cannot create your own NVDIA if the fabs overseas won't help you. You need a cooperating ecosystem. Therapists should not comment on things they do not understand. Maybe another stroll with the opposition will help reduce their stress levels. They need a therapist.
Once again he shows how devoid of ideas he is and totally clueless about how things work in the current age. He has this old world thinking and people still take this fraud seriously
Rahul is more realistic and logical concerned about economy of the country so is Rajan. Let’s listen to our experts
None of them are experts😂
I thought the views expressed by Raghuram Rajan were well considered and balanced. What is really required for development to happen as expressed by Shri Rajan is investment in human resources and public health. Wherever growth has happened in the recent past as in China or South East Asia, it can be seen that there was a substantial increase of educated people and the general health of the people had also gone up. In India too this needs to happen and there is no short cut for achieving the growth desired. As for increasing the jobs, as suggested by him the tourist sector is a very good option. His observation that we don't have good plumbers or other technicians even in metros is a correct observation. If we are looking for good advice, we should be prepared to accept advice from knowledgeable and experienced people without looking at them from the narrow political angle.
For good plumbers, electricians and other professionals, contact URBAN LADDER/CLAP
ALL kinds and levels of technology - repairing to manufacturing.
Amusing to see Mr Kanwal pushing RRR for answers. RRR is not the one who needs to answer why the economy is in its current state and what needs to be done to put it in the right path. Push people in the Fin Ministry, Niti Ayog and PMO, but that you wont do. Need a spine for that.
Good inputs on Design, competency & ease of doing business. Wel studied unbiased experienced views.
Scapegoat theory entails that when two giants fight the underdog gets smashed. Beware India, you are the underdog
Sir, No Job IS "Faltu". Nice interview and thoughts about imporving man power caliber
Go and study the unemployment ratio between highly educated and high school graduates. You'll have the idea what he is talking about. People with PhDs joining as 4th grade govt. employee is like using public money to buy peanuts for the rate of gold nuggets.
Very good intervew
Kanwal talking about corporate America kissing the ring. What about the fact that he and the whole corporate media did the same and more, 10 years earlier?
Good job done by calling on Raghu Rajan
Thank you
RRR has realized that Modi Govt is not going anywhere and RaGa is never coming so now his opinion is nuanced
Not every expert says anti government advice. They may be guessing the right expectation bcz GDP is not the matter per capita income also matters . The government should focus on the bottom to top approach development instead of top to down development. If our goal is to be developed in 2047 . We have to focus on the bottom of the economy instead of the top richest person.
First words what he said. Is that not new normal for the world? And for that reason not just for India but for all the countries with no exception to USA and india as well! Why this person can’t see positivity in the era of one global world!
How many people does TSMC employe?
Now compare that to how many NVIDIA Employee ?
Please don't put the interviewer at a higher chair ( deliberately, I am sure) than the person being interviewed.
Please discuss alternate ways to a future of optimal Technology+traditions mix. Spiritual tourism and AI.
With high interests, high power and labor costs, India is not very competitive in many industries, and land acquisition being a major hurdle as well as very expensive..
Can india today catch a serving high profile heads of institutions, so that it can display the current efficiencies of the current government.
Raghuram rajan is a qualified one, but he is not a proper accountable person in the government in the current scenario
While talking of Wealth Tax in US, Rajan is missing out on the fact that trusts and other institutions created a pattern of diversified ownership and professional executives managing businesses.
This has definitely distributed wealth and created great job opportunities AS A SYSTEM just in order to reduce tax liabilities. Not a bad bargain overall.
That's what family houses are doing even without wealth tax.
@gaurabsingharoy3632 true. But these are very few and of limited size and ambitions.
The American system made every generation give up ownership for fear of tax and expanded the board system of management extensively. This created numerous trusts of huge size and longevity. Indian family system still works on benami share control system rather than elected boards. Much has been corrected in last couple of decades, perhaps wealth tax would create more and better represented boards.
1:30 the way he says Vietnam and not India really makes me think if he's fit for any job in the Indian Goverment. Someone even called him logically Darbari in the comments 😭
Rajan is a Congress devotee. Don’t listen to his advice he has a political agenda.
Guru dimak 😂
Lol yes idiots like you will eat whenever shit bjp leaders will feed you and someone who speaks logical you say they have an agenda. Dumb voters like you are the reason Indian economy declines
Then why are you listening him? Go somewhere else...
@ You don’t runaway from problem but expose them so I will continue to expose him then take an easy route to switch off and remain silent.
What an Irony, when Modi thinks of India first by trying to make India a manufactiring hub these so called Formeres cry but whn USA President says America First & do manufacturing here theses same people say ooh ya rt rt so good
R R may be the right person but supports the wrong party 😮
She is completely out of touch with BJP voters. Middle-class consumption power has been sucked out with a total of 60% total tax by various govt agencies. Her priority is ego satisfaction, arrogance complexities, and confusion, which are totally against Sanatana Dharma. She enjoys the old pension scheme for her Rajya Sabha tenures. She locks the EXCESS TDS refund server for 15 months and makes the refund without interest after enjoying funds for 15 months. She does not respect Mohan Bhagavat ji and Nitin Gadkari ji. She threw into the waste basket a reference from them for accepting the grievance of bank pensioners pending since 2011. She appointed an Attorney General to defeat bank pensioners in SC after filing an appeal against various high court judgments against the injustice caused to pensioners. She has made sure that SC does not take up the case and has ensured adjournment since 2016. Can you imagine the negativity of a Cabinet Minister misusing the loopholes in the judicial system? Many pensioners have died but her ego is making her fight with the family of the dead-pensioners. fights against senior citizens.
She failed to bring private investment after obliging with 25% corporate tax. She will get a proposal that will be anti-middle class, anti-pensioner, and anti-senior citizen. GST on health insurance premiums is declined, and she adopted the old Congress Party's strategy of appointing committees to delay/deny justice. She does not want to face voters in Lok Sabha elections. In Coimbatore, she extracted an apology from a businessman who was asked to give suggestions on GST. She secretly recorded the personal conversation, tendering apology, and uploaded the video on social media.
Abolish Income tax .
He tells something next line he contradicts it...
He consciously avoids china😂
RRR is a durbari and very intelligent !
He is not foolish like others in the Congress who go around spreading meaningless narratives .
He opines that private investment is not forthcoming because they don't see demand cong up !
He doesn't want to say that BJP/ Modiji have eliminated
' phone banking ' brought in and practiced by UPA ably assisted by RRR.
He comments that Trump tax can impact India but reluctantly admits that our growth will be 6 plus % !
Again, he criticises incentives for Chip manufacturing which is capital intensive , doesn't generate proportionate employment and goes on to say that we should focus on chip designing.
What he doesn't know that chip designers all over the world are Indians ....
Mr.Rahul, kindky tell this Gyani that mudra scheme has created tens of millions of small entrepreneurs which in turn created huge number of jobs .
He always clings on to the theory of cash in to the hands of people for boosting demand and hence production and
hence develop economy.
This approach has failed world over and most economies who indulged in that are feeling with inflation and unable to recover the economies.
Pl don't give much bhav to this Gyani who presided over the almost destruction of our Banking system and our economy.
you have no idea what you are saying but I wish you luck.
Econonics is part of Commerce
😂😂😂😂😂
So now BJP wants his advice though a different means 😂
Have some knowledge of economics and only then you will know the potentiality of this sold called Congress economist dreaming to be the FM of Rahul Gandhi's cabinet
Dr Rajan should quit economics and become a therapist. It is more fitting to his skills. Chip designing requires advanced degrees and you only need limited number of chip designers. It won't create jobs. You cannot create your own NVDIA if the fabs overseas won't help you. You need a cooperating ecosystem. Therapists should not comment on things they do not understand. Maybe another stroll with the opposition will help reduce their stress levels. They need a therapist.
Ur one of the "Top" economists ran away when probs happened in Indian economy which ex Governor Shaktikanta Das handled remarkably well.
now Das ran away.. problem is someone else 😂 running from whom 😅
Once again he shows how devoid of ideas he is and totally clueless about how things work in the current age. He has this old world thinking and people still take this fraud seriously
Evasive?
Rahul, you should leave this good for nothing fellow to be interviewed by Rajdeep Sardesai. Nahin toh Rajdeep kya karega.
Very nice idea to get ideas from failed but smart 😅
The "expert" should first, own his own failures and apologize!
Ye kyu india ata rehta hai
wo india nahi hai....he is being interviewed in Switzerland Bhakt!
@@mandeepmaunder4691 par india ata toh rehta ha na
after this guys openly political views....nobody even respects this guy...dont waste time...he should've remained neutral for even to hear this guy