Worst Decision Of RBI, Demonetisation, PM Modi & Indian Economy - Raghuram Rajan | FO151 Raj Shamani
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- Опубліковано 30 тра 2024
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In today’s episode of Figuring Out, we have Dr. Raghuram Rajan in conversation with Raj Shamani. He is an Indian Economist and has served India as 23rd Governor of RBI. Currently, he is serving as Vice - Chairman at the Bank for International Settlements. This episode is level apart from all the other podcasts of Figuring Out, because we had one of the top Indian Personality who has in-depth knowledge of India and gave us answers to most burning questions of Indians.
In this episode, we talked about what is the role of RBI Governor, what’s the actual reason behind inflation, how to keep it under control and why 2000 rupee notes were banned. He also shared his views on PM Modi and Dr. Manmohan Singh. We also talked about his new book ‘Breaking the Mould’ and discussed my favourite chapter from that book. We then discussed the India Canada controversy and his views on it. I asked him which are the three countries according to him that could be at the top in the coming years and the countries he named were something I never expected but as he explained, everything made sense.
Towards the end I asked him what did America and China do right and become so successful and what is India doing wrong to not reach where it should have reached by now. We also talked about how much an RBI Governor earns on an average and this answer will shock you for sure! We ended with discussing 3 financial tips that every young India should know and follow. This episode is a gold-mine of knowledge for every Indian. If you love this episode, then don’t forget to subscribe to our channel, we come up with new episodes every Wednesday and Saturday.
Follow Dr. Raghuram Rajan Here:
LinkedIn - / raghuram-rajan
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Timestamps:
00:00 - Introduction
2:43 - Role of the RBI Governor
4:21 - Process to understand printing of currency
6:24 - How do economies grow?
9:43 - Worst decision of RBI
11:07 - Why were ₹2000 notes stopped?
12:59 - Black money and demonetization
15:52 - Argument behind bigger denomination notes
17:45 - PM Modi & Dr. Manmohan Singh
20:58 - India's engagement with the world
24:20 - Change in the world order
26:07 - Competitors of India
28:30 - Saudi Arabia: New Europe of the world?
30:30 - Manufacturing in India Vs. China
35:51 - Growth in India, America and China
46:03 - Who will be the next face on the Indian currency?
47:58 - Salary of the RBI Governor
50:49 - Best Finance Minister of India
54:07 - His book "Breaking the Mould"
54:58 - Financial advice for every young person
58:16 - Conclusion
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About Raj Shamani
Raj Shamani is an Entrepreneur at heart that explains his expertise in Business Content Creation & Public Speaking. He has delivered 200+ speeches in 26+ countries. Besides that, Raj is also an Angel Investor interested in crazy minds who are creating a sensation in the Fintech, FMCG, & passion economy space.
To Know More,
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#Podcast #FiguringOut #RajShamani
About Figuring Out
Figuring Out Podcast is a Candid Conversations University where Raj Shamani brings raw conversations with the Top 1% in India.
For those unaware of Rajan's credibility, and want a quick look of his skills, search up the gdp growth rate of India as estimated by him vs the actual growth rate, every single quarter, since 2017😂😂
In 2017 This same guy was predicting that India can’t grow more than 5% year, after demonitization he said it will erase GDP pushing inflation😂 and govt. should roll back its decision. With interview in Raga he was laughing and saying GDP projected by modi govt. is over hyped and wont more then 4% post covid. He is congressi stooge loyal to his masters never addressed counterfiet currency printed by pakistan and even promoted to import everything for printing notes from same firms which were supplying to pakistan. We are lucky he didn’t got another tenure
@@pra546Nobody barking librandu check it
😂😂
@@neetushrivastava3832What check? Give details of his quarter wise predictions from 2017-18 till date..I know you don’t have it and will show your Sanghi face by name calling
@@pra546namazi he was talking about interview with pappu
I remember reading a news article 3~4 years ago this guy saying PLC scheme will do nothing to India and Rajan was on of those people who said it is not correct to implement PLI scheme. Now after seeing the investments coming to India from various electronics manufacturers to gain from the PLI, I can certainly say that this guy is against India and current ruling political party and blindly oposes any move that this current goverment takes.
assembling is not manufacturing
@@atulkumar-lm7cg right now both are happening assembling and manufacturing in India at greater scale.
@@atulkumar-lm7cgi might be wrong china and Taiwan begin with assembling then after started learning or copied Technologies and begin manufacturing
For any nation to being manufacturing , they have to begin with assembling first.
Also there are quite a good number of mega manufacturing facilities in India . Samsung smart phone plant in Noida is the world’s biggest plant in the world. Then there are three to four Apple assembling plant and many more
Leftist/ China never change their criminal spots.
In whole currency & demonization discussion they forgot to mention about usefulness of upi (he mentioned struggle of carrying cash because of 500 rupees notes). Sir now day's most of use not even using wallets just phone with UPI is enough to travel around India.
The national payment scheme(upi) was the idea of Manmonhan. The opposition BJP blocked it from happening. And after getting into power they stole the idea and implemented it.
The using of UPI payment could have happened without demonitisation
Bhai paisa transfer karna aasaan hua hai, Naa ki Kamana. 😂 Infact paisa kamana aur bhi mushkil ho gaya hai. Unemployment bahot badha hai.
@@lonewolfe2502 aur yaha gujarat me muje employees nahi mil rahe hai
Cash has increased in the system ,Paytm is in jeopardy now and even 2000 notes are gone in just 8 years.
If there was no demonetization there would be no digital india.that was the start of cashless system
Digitization had to come whether demonetization or not sooner or later
It's a lame argument
Yeh toh ayse baat ho gayi ki you have thrown a stone to kill a bard (black money). That bird is flown away but the stone hit a raw mango (digital payment). Now everyone is celebrating the raw mango.
NO one is saying that if some more time were given, you'd naturally got the mango (UPI) in more ripe form.
Abe...
Demonitisation was made by Modi because his jealous congress politicians
Ragahuram Rajan is a very knowledgeable person no doubt. But his Biasness knows no limits. Most of his Economic predictions in the last few years were just ended up wrong because his judgements are clouded by his biasness
I guess he is still salty for not being reappointed as the RBI Governor by the current Govt back when his tenure ended
Exactly, my thoughts.
He is biased .
You guys are baised too with the present govt😂
Name his 3 Economic predictions with proper source, that has gone wrong. Just look at his eductional & administerial track record, it's outstanding. He's made several brilliant predictions, but one of really stand out where in 2005 he called out the Financial Crisis of 2008. US Treasury council etc called him luddite and what not, but when the market crashed in 2007-08 they were hiding to save face.
What is your credibility/background to call him biased and on what logical grounds?
The guy predicted 2008 Financial crisis 5 years before it happened
If he is saying something take it seriously
@user-ld4uj5dl2rwhy will he not want his country to improve?
1. Akash Banarjee
2. India Today
3. Lallantop
4. Business Today
5. Mojo Story
6. The Wire
7. The News Minute
8. CNBC
9. NDTV Profit
and now
10 th RAJ SHAMANI
These are the platforms where Dr. Rajan Has given justification that how India shown GDP growth more than 5% by mistake
(* Nnaaah no RaHU| gandh! and @antiGrowth urban Naksals HARMED)
Where is the print news
Woah! Full on PR job on for him to be introduced into the 2024 elections. But not to worry he already got a hit wicket by appearing on Ms. Pannauti 🤣 and I'll wait for AIM's insider story on this staged launch of this crook RRR😂
Election are coming and congress has told their poppets to do all this..
Bhakt spotted 😅😅😅
The hindu bhi naam hindu aur kaam muslim wale
So far, I liked it most. I’ve been a great follower of him & can listen to his lectures for hours. Much love to the show to bring such minds & let us learn from.❤❤❤❤❤❤
Actually true. But some people in comments section show how messed up our society is. They still don't get the point he's making. To have a debate. To ask questions. To have healthy discussions.
Thanku sir for this credible session
I urge you to bring more such sessions on economics.
😂😂lmao credible session
RBI is being praised of it's decisions worldwide throughout and the governer Mr. SHAKTIKANTA Das is being highly appreciated, considered to one of the very best Governer by the world & this man is in some another world only cooking up agendas.
Shaktikanta Das Was awarded the best governor in 2023.
RG AKA P ka kutta TO USI K MAALIK K KEHNE PAR BHOKEGA
I still dont understand - How come a US citizen can be RBI head............................Someone needs to change this rule. Also he is planted by US to screw India and its economy. Rahul Baba is big fan of him........................because both have same agenda........................India ki waat lago....................Congress government brought him....................BJP ne gaand pe laat marke bhaga diya............................lol
I laughed out loud when he said demonetization is the worst decision. While truth is his tenure was actually the worst thing happened to our economy in last 70 years. NPA increased like never before in his tenure, were like a ticking time bomb for Indian economy, if not diffused in time by Modi administration, would have catastrophic consequences for our economy.
Joke of the decade😂😂😂
Loans were given to Vijay Mallya, Choksi & Neerav Modi when Raghuram Rajan's was RBI Governors. Is he not responsible for those loans ? Why people ignore this fact ?
Loans are not given by RBI...it is the bank authorities who r responsible to approve such big loans...but yeah RBI failed to make strict policies on bank loan procedures & NPA
utha le re baba utha le andhbhakto ko. RBI kab se se loan pass karne laga🤣
@@Shekhru121guideline rbi ki hoti hai chamche
They made the system flexible at that time to give loans to big corporate houses to show growth on papers because that was the time when the Lehman Brothers crisis happened and other things happened. India was unaffected by these crisis because on paper a lot of capital was flowing into Indian markets. A lot of capital was going into subsidies. Thoda padh likh le aao. Ye baat baat pe andhbhakt kya bolta hai bhai. Thoda logic la to achha discussion ho. Tumko kya lagta hai, RBI was unaware of banks distributing thousands of crores to corporate houses ? It was done under the supervision of RBI. All because of this fake economist. To show growth on papers. Modi brought IBC to resolve all the mess created by this fake economist.
Let's talk about today, this man was defending Rahul's NYAY scheme. Is it possible to distribute 72000 to each family every year ? Tu Dil pe hath rakh k bol. On papers 65% of India's workforce is involved in agriculture. Ye aadmi har family ko 72000 kaise dega ?
You know about the Zimbabwe crisis ? Jake padho. Ye aadmi NYAY implement karwa deta to dusra Zimbabwe hum hote.
@@saurabhgupta6681 then how much blackmoney has came back to india and did modi deposited 15 lak in every indians account.Did modi fulfilled his promise of providing 2 cr job/ yr.
These acheivement what you are trying to showcase of modi are nothing but hollow statement (jumla) & nothing else.
Like IIT, NIT India Should Focus On Having Quality Skilling Institutions. 👍
It would be incredible to see a podcast featuring Ajit Doval! His insights into national security and geopolitics would make for an engaging and informative discussion. Have you considered inviting him as a guest ?
lolval
@@kamalverma4641 brown sepoys barking as usual before election. 😂but everything will be in vein, their foreign masters sleepy Joe will loose the election instead. 😂
Thank god Raghuram Rajan was not incharge of RBI in past few years, every single major predication by him since covid has been wrong, our country would have been doomed if we had followed his suggestions
Bhakt 😂
@@madanshelke7796 chamcha 😅
@@dineshchh modi ka sautela bachha 🤣🤣
@@madanshelke7796 jali na teri jali na 😂😂😂😂 8andi namazi
@@madanshelke7796 puncture lagao bhai jake....ye economics tumlogo ke baski baat nahi
Raghuram rajan is that guy who comes 1st in class but did not succeed in the real world when compared to the average student like shaktikanta das who dealt with the real world. Nothing against anyone but it is what it is.
Yes very true. .
And Rs is still struggling against dollar at 83.21 . . .
Yes he is पढत मुर्ख. Don't have any knowledge how human psychology and economy works together
Who was the best governer of the year 2023?@@kpsclasses7817
I'm a banking aspirant and this podcast teach me a lot...and I'm truly fond of Dr Raghuram Rajan sir 🙏..the way he answered all questions with the simplicity...it made my heart blessed ☺️ I couldn't be more thankful for this wonderful podcast ❤️🙌🙌
Similarities between "Banker Pappu" and the "Original Pappu".. At its peak😂😂🤣🤣
Asked to name the worst decision taken by RBI proceeds to name a decision not taken by RBI 🤔
atleast listen it properly dude, you guys bash him for being biased and then urself show biaseness towards him.
I was thinking the same thing....he didn't answer that question properly
Elections are closeee - congresss guy
His first line was to see difference between decison by RBI and Decison by govt through RBI
you knew everything about him, still you watched his video, smart move man, we just need to give you job as there are 8lakh jobs per month in deficit so don't worry
People will remeber him as just Modi hater may be worst RBI Governer
Only bjp bhakts would remember will that way
Loans were given to Vijay Mallya, Choksi & Neerav Modi when Raghuram Rajan's was RBI Governors. Is he not responsible for those loans ? Why people ignore this fact ?
only gobar bhakt would remember that way & we know, that number has surged a lot after 2014.😅
@@amaranthswami2577what was the inflation rate when he was RBI governor ??
@@faydekibaat1198 so what about 9 years how much recovered and how much loan is wrote off
I completely agree with the fact the even if all the factories shifted to India , which is kind of impossible, even then it won't employ as many people in India as it did in China. Robots and AI is going to play huge part in factory production. Also the fact that today in India, everyone has very high aspirations. How many will want to work at such low wage and for how , that's a big question? In India, we can't stop protest about wage increases. Our people have tasted democracy, the ability to hold govt accountable, they are not going to remain silent with govt crushing democratic stature in the long run, we might end of creating rebellion within our own country. I also accept the fact that we need own Apple, China has Huawei as it's own Apple. It's phones outsell Apple in China. Apple has literally got US govt involved to impose tariffs of it's biggest competition from China. Recently reports said that Huawei is about to go public, which might make possible for it to overtake Apple's crown as most valued company. Now that happens or not , it's a big if. But China has done a lot in past and still doing. When are our own going to make such innovations. Today , Range Rover and Jaguar are sold worldwide, we kind of take pride in it that Tata's own it. But Tata's bought after the brand trust and value was already established in the rich western world. Tata didn't build it from scratch. We need more better schools, unis, hospitals and best of the social justice system, be it police, courts etc. Best of the media, media that is aware of it's power and ask questions, no matter who and what ? An India , where politicians don't have to take so much security around, Because they knew that did good work and they won't have any problem traveling without security. Also, by keeping our focus on manufacturing, I hope we don't miss the next bus, which is AI, which has arrived at our doorstep. Now it's up to us whether we want to board it, or again miss it, and then ride it sometime in future when world moves on to next big tech
This is the best podcast I have ever seen. What an amazing intellectual! Inspiring person.
Thanks to Raghuram Rajan Sir. and great job Raj Shamani.
Raghuram rajan is like a dil jala ashiq just because he was not made RBI governor by the current govt
😂😂😂😂 wft. Why u guys can't listen the truth
@@swarajgupta8646 Only after “listening the truth” I said what I said this guy speaks stats figures more inaccurately than Rahul Gandhi ever did in his speeches and it’s laughable cause he is an economist and a biased one.. I don’t think so he cares about Indian interest at all, he stays in a foreign land comes here once in while just to spew hate against bjp government also he cant stand the fact the current governor with non economic background is running RBI more efficiently than Rajan ever did..so to speak dil jala ashiq
@@priyankamakwana5270 Indian interest is certainly not demonitisation, nor it is an autocratic rule by backward goons.
@@priyankamakwana5270can u counter argument reasonably on any point Rajan raised then i guess he is biased but if u don't then u have bias for certain political party.
@@spritualist6519 you can just do some reading and research about his actions instead of asking to be spoon fed…if you are saying i have an inclination towards a party well this fellow has been doing Bharat jodo Yatra with Rahul Gandhi… Rajan words…’we would be very lucky if india grows at 5%, India’s growth has been 7.8 and 7.6 percent in the last quarters, since 2013 he has been stating recession is going to come in India clearly I cannot see it
It is hard to trust a "USA Green Card Holder" when he talks about Indian economics.
you worthy of nothing getting jealous of ex-RBI governor. get a life u anpadh bjp karyakarta 🤣
Waoh !! This is news !
Loans were given to Vijay Mallya, Choksi & Neerav Modi when Raghuram Rajan's was RBI Governors. Is he not responsible for those loans ? Why people ignore this fact ?
He has political aspirations.. thats it.
He is Indian
Good episode, lovely conversation! Keep up the good work.
I can't believe someone who is soo politically biased is RBI governer. There is lot of biasness in his terminology towards Modi's tenure and Congress Manmohan Singh tenure.
He is also a green card holder. Someone who runs Indian RBI is an American green card holder.. 😢
I am not a blind supporter of BJP or Congress.. but its questionable for someone who is politically motivated & interests not aligned with India to be an RBI governer.
When something right happening in your country there is nothing to be ashamed of being an ANDHBHAKT. I love my country’s progress and I am PROUDLY ANDHBHAKT FOR IT.
Current governor Shaktikanta Das is also UK educated. If green card holder are so bad for India then why Modi going and adressing them everytime to invest in India. Give some better logic. Even current AIR India CEO is a foreign national. Tomorrow USA may say all Indian CEO should be fired just because they were born in India. Grow up plz... Had you know what he is doing currently you would not have written this..
this guy raghu ram rajan is bhadva for india
@@richashoree5823Studying abroad and having a green card are 2 diff things 🙄
Air India is not a monetary or decision making agency for Indian Public 🙄
Oh is it? Greencard holder aaa.😢
Raghuram.. the great ECONOMIST with
*multiple bad prediction
*great biasness
*self proclaimed greatness
*great political self benefit aspirations
******** India is lucky that he is not the Governor and we are doing good ever since he left the post.
Genius, he was the guy who predicted the 2008 financial crisis.
Absolutely true... 😂
Raghuram Rajan was the man UPA brought in to tame inflation and inspire confidence of world in Indian economy at a time when we were struggling, capital flight was occurring what not. It was Rajan who helped stabilize the economy snd control mess by UPA. Don't say anything what you simply do not know. Aajkal chewtiye kahi se bhi aa jate hai comment karne chahe jhaat barabar hi kyu subject samjh aata ho
you knew everything about him, still you watched his video, smart move man, we just need to give you job as there are 8lakh jobs per month in deficit so don't worry
@@g-zh9fz I just saw this man and dropped a note. Was not going to waste my time watching this. Pls gv me a job as you seem to have in abundance. By the way, thanks for the comment. hahahaha
Absolutely loved this podcast! Was so so informative, didn’t think i would watch the entire thing seeing the duration but i ended up watching the entire thinking without skipping at all! Loved it
Manik shaw once refused to wage war against pakistan against the wishes of then PM Indira Gandhi . similarly Raghu Ram Rajan opposed Idea of demonization..Hats ofd to him to have the courge fully knowing that he could not get the 2nd term because of this
Demonetisation might have failed to tackle black money but it contibuted to india towards digitalisation with UPI payments and digital banking.
I 100% agree with you. Maybe a coincidence but is very true.
Don't you think digitalisation krne ka tareeka thoda kezual hai.?
I also agree
💯 percent
Wym failed to tackle black money. See how much tax collection went up.
People who couldn't declare actually got trapped. The value of their business plummeted as they couldn't cycle the money like they used to. It was as effective as it could be. Only thing was that some corrupt Bank managers helped some of the black money holders. That's not the problem of the policy but of anti-national people. Demo was a great move.
How the hell he is the biggest economist when he hasn't studied macro economy in his life. He did electrical engineering then MBA and then finance
100% correct. Raghuram is not an economist. Demonetisation shattered the economy of Pakistan as it was pumping fake currency into Bharat. Another urban naxal
Because leftist say so 😂😂😂😂, they in their group call each other great.....😂😂😂😂 comrade ecosystem
He did his engineering in IIT D, MBA from IIM A and doctorate from MIT sloan, What's the problem in that?
🤣🤣🤣 more educated then your whole generation of family ,
@@alanwinston4215 yes but he never studied economics so he is not a economist
Asking relevant questions is also a sign of perfect knowledge!
You are genius. Keep it up.
RRR is very knowledgeable guy. I totally agreed with some points of him. But he is so biased to other part hate towards other.That's why I partially believes his intentions😊
His hatred for PM Modi knows no limits.It is dripping all over hos face.
The NPA under Raghuram Rajan is his legacy, all PSU were in the red while during the reign of "worst" RBI Governor Shaktikant Das all the PSUs have bounced back!!
Flagging NPA is d biggest achievement of raghu ram rajan
Rupees value say hello...
Demonetisation says hello
Cleaning up NPA was RR’s personal project. If he hadn’t pushed banks back in 2013-14, NDA would have had a much tougher time.
Raghu eam us hypocrite n shameless person as work as paid agent
Biggest failure of rbi is that they made rajghu ram rajan governor 🤣🤣🤣
🤣😂😂
ANDH NAMAZI Raghu Rajan
Congress made him
😂😂
Thankyou for this podcast , loved to hear him around ❤ i wish to hear him longer too
Very Good Brother you are doing very well these conversations are deep that’s by it smells good . Lots of love from my side 😊🙏🙏
Hindutva Rate of Growth is 7%? I want this for entire century.
Under manmohan ji government india average growth was around 8.5% and under modi it's near 6% ... Under his control india grows only 5% between 2017 to 2020 for 4 years
@@papamod9528 and it increased post covid period what about that where do you seen 8.5 percent growth rate in manmohan singh period
@@pipipupu5104 dost mujhe bevkoof nhi bana paoge 🤣🤣🤣... Mai delhi university me economic honors padh raha hu.. Jao kisi andh bhakt ko bevkoof banao... Indian economy was performance much better in manmohan singh government..... Proud of manmohan singh 🇮🇳🇮🇳
@@papamod9528 acha toh news article mein kyu likhte the India in fragile 5 , India under infrastructure burden? Batana zara konsa value added kaam hua tha manmohan singh government ke andar unorganized cash structure pe economy chal rahi thi koi digitalization koi internet penetration nhi tha highest rate of npa yeh sab pardhaya nhi gaya kya Delhi University oh sorry whan du mein toh communism ko best economic policy bola jaata hoga 🤣
@@pipipupu5104 😅😅kahna kya chahte ho... Apni in baton me tum khud sense dhundh ke mujhe batao question kya h?? Infra ko eco nhi bolte.. People ki purchasing power ko bolte h.... Manmohan government me unemployment kam tha or mahanghai kam thi logo ka paisa bach raha tha or Fixed deposit me badh rahi thi savings
Chidambarams connection with DE la rue, fake currency scam involving pak were real reasons for demonetisation , javed khanani , raghuram won't reveal it for obvious loyalty reasons
That's true .. had this continued today 60 - 70 % of the currency in India would have been original fakes. Printed across the border.
My request is first see if the facts support a thought before forming an opinion and being sure. If the facts don't support the thought, then maybe one can reconsider the thought and form another opinion. If you look at the figures published by the Govt for fake notes every year they were extremely tiny and did not go up dramatically in any year before Demonetisation. The number of fakes is published every year in the RBI annual report. How does the RBI know?
Because the moment any fake currency enters ANY of our banks it is caught by our note counting machines and confiscated instantly. It is sent to the RBI as per strict rules. And at the back end of banks are specialised cash handling branches that have advanced machines to catch fakes. How does a fake reach a bank? A petrol pump, grocery store (kirana) or a shop in the mall etc. all deposit the money in banks. So sooner or later a fake will be caught. It has to. It's confiscated instantly by the bank cashier. You can check this yourself by talking to any bank manager in any bank. So I request you to find out for yourself and see if your thoughts are suited to the facts that you find out and the facts published by the RBI every year.
BTW, within 6 months of Demonetisation, there was already a fake 2000 Rs. note, which means Demonetisation was not able to stop fakes. As for black money, it did not work at all, black money has become so rampant, that again now they had to stop the Rs. 2000 note. Which once again is not working, as already 98% of Rs. 2000 notes have been returned.
Anyway, not only are the number of fakes are minuscule, but they are a global thing. Even US Dollars are faked. The Euro is faked. Because they are far more valuable. But no one does demonetisation for that. They are all found by banks and destroyed. So these are the facts to think about.
Demonstration sinked pak economy 😅
Excellent, we would like to listen to this type of interviews ,love Listening to dr.raghuram Rajan.
Preparing for RBI Grade B right now. This video is very helpful in my journey i get goosebumps watching this man. What a man what a Hero. Salute 🙏
I know he is very educated
But why he always preferred to talk shit everywhere
He was good back then
Because when his tenure was over in around 2014 or something, He thought he would be re appointed as the chairman, but instead govt. of India proposed someone else for the position, that's the main reason why he is salty with govt. and most of his statement and prediction about the economy outright proved to be false.
He wasn't good back then (I can prove it with facts) he isn't good toady.
He was Former Governor nd the remake's which he makes really hurt us.
If any firm wants to invest in India will turn back.
Yeah before 2008 crisis also people used to say that and everyone saw what happened, let’s wait
@@Mugiwara_Sanjii2016 me hataya
He is good for nothing is a fake personality
He is not happy cause not appointed by current Gov. Throwing only venom for Mother India. 😂
Speaking truth which can be undigestive, he is not connected to any party
Raj thanks for to the point interview.
You are really RAJ of DDLJ.
The Ex RBI Governor did not know his own salary. !!!
Raghuram has proved to be the worst Governer of RBI. Who always tried to keep his masters happy. His policies were flawed
Much touted UPI brought up
during tenure of this worst
governor.
Ohh what's the name and certificatation of your pro judging agency. hoping that you have something to back that stetment up. Bhai Jake rojgar khoj😂
Absolutely 💯 correct sir
@@nabighjamil3897yh answers hi dekhlo rajan k ,,, no good answers,,just obvious things
@@bhavtosh5328 only in paper, and was actually implemented by current government
Raghuram Rajan is prime example of western colonized economist preaching unsustainable one life concept economics. He tries to preach western model of one life concept extreme consumption growth model onto the bharatiya model of life cycle economics.
It was such a wonderful podcast. Finance and Economics enthu, cheers!
This is your best podcast just because you brought someone so credible.
These kind of discussions every Indian Youth need to see & understand! Thank you
Timestamps:
00:00 - Introduction
2:43 - Role of the RBI Governor
4:21 - Process to understand printing of currency
6:24 - How do economies grow?
9:43 - Worst decision of RBI
11:07 - Why were ₹2000 notes stopped?
12:59 - Black money and demonetization
15:52 - Argument behind bigger denomination notes
17:45 - PM Modi & Dr. Manmohan Singh
20:58 - India's engagement with the world
24:20 - Change in the world order
26:07 - Competitors of India
28:30 - Saudi Arabia: New Europe of the world?
30:30 - Manufacturing in India Vs. China
35:51 - Growth in India, America and China
46:03 - Who will be the next face on the Indian currency?
47:58 - Salary of the RBI Governor
50:49 - Best Finance Minister of India
54:07 - His book "Breaking the Mould"
54:58 - Financial advice for every young person
58:16 - Conclusion
Reghu Ram Rajan is not even an Economist. How come he been appointed as RBI governor --- Chidambaram
@@rajeshpillaikN than he was kicked 🗿🍷🍷🍷🍷
🍷
Thanks for the time summery
Itne nalle ho bhai😂😂😂
kya matlab bhaii@@AskYourDaddy1
People really look at once qualifications, without understanding his work assume he's some kind of a prodigy. Kinda silly if you chose to ignore how salty he's been for not getting reappointed as the RBI Governor and obv his blatant bias, its sad all that knowledge and potential is getting shadowed by his bias
Also I don’t agree with his view that we should focus on service sector rather than manufacturing. Every superpower today is that way because at some point in time they were manufacturing mammoths. Saying that manufacturing is past and to forget it seems implausible.
He's is wrong in his belief
He resigned and didn't want to come back to become RBI governor, get your facts right first
@@nishantchandra2876indias economy is built on services. anything produced of some actual value in this economy is services. why not double down and expand? why focus all resources on manufacturing? manufacturing needs to be a part, especially high skilled which only comes with manufacturing knowledge, but services (the backbone of this economy) is not even getting a glance compared to the time this government is putting on manufacturing
@@knutjonsson1816 Reliance on services for GDP is hazardous. No country can become financially robust without a thriving manufacturing industry. Doubling down on services will compound the error we made in the past. China brought a humongous number of people out of poverty with their manufacturing industry only.
Hey raj shamani.. your questions were brilliant and very good. I loved your interview questions so so much. I did not know that your had also interviewed Raghuram Rajan. This interview is so much better than his interview with Ranveer allahabadia.
Okay I finished this interview. This is so so fantastic!!! Amazing questions raj shamani… you are doing incredible
Is this the guy who supported foreign & criminal printing of fake rupees on an industrial scale?
Yes
Instead of focusing his current job Rajan is thinking as if he is in RBI.
Thank you so much for the greatest conversation with expertise.
One of the best Raghuram Rajan Sir interviews I have seen. You get mesmerized with his knowledge
00:01 Demonetization is considered one of the worst decisions made by the RBI.
02:37 Raghuram Rajan explains the importance of maintaining the value of currency.
08:28 Demonetization was one of the worst decisions made by RBI.
11:11 Demonetizing 2000 rupee notes raised questions about printing rationale
16:28 High denomination notes used for storage and illegal activities.
18:35 PM Modi's strength lies in his ability to connect with people and persuade them.
23:03 Maintaining good diplomatic relations for economic benefits
25:08 The global world order is changing due to the rise of China, India, and Brazil
29:17 Investing in human capital is essential for India's economic success.
31:26 Challenges in Indian workforce and business regulations
35:42 US, China, and India's growth strategies
38:05 India's focus on higher education has benefited its economy.
42:16 Emphasize service and innovation over manufacturing
44:19 India needs to deliver on its promise to attract investments and tourists.
48:34 RBI governors don't receive a pension.
50:30 Raghuram Rajan's opinion on best Finance Ministers of India
55:04 Finance tips for young people
57:14 Continuously improve yourself for financial security
Great work 👏 Thanks
he is a khangressi yrr
India would be lucky to do 5% GDP growth next year...." - Virat IIT, IIM and MIT Economist after Bharat Todo Yatra...
Let that quote sink in...which is also going down in history...
Lovely resource in this conversation ❤
Maannn thank you so much, want more like this ❤❤😮😊
He is very intelligent and educated.... Like Mohammad Bin Tugalaq😂
Modi is puppet of Adani and Ambani
Congress has chosen Dr Manmohan an PHD is economics as PM not some Sadkchap like Godi
And Raghuram Rajan is
Indian Institute of Technology, Delhi (BTech)
Indian Institute of Management, Ahmedabad (MBA)
Massachusetts Institute of Technology (PhD) and
At 40, he was the youngest individual, and the first born in an emerging-market nation, to be appointed the chief economist at the IMF.
while BJP chosen Illiterate Modi as PM and an IAS generalist officer as RBI governor Shktikanta Das
Shktikanta Das education
(BA) and master's degrees (MA) in history from the St. Stephen's College, Delhi. He was awarded D.Litt. by Utkal University in 2021
So we know who is best for India and who is doing only drama
@@harshnaik6989 yes we know, during whose tenure India's economic growth increased, and during whose tenure commonwealth, 2g, etc scams happened. We also know who is the A+ ranked governor in the world.
Demonization was done because of historic rise of NPAs in the banking system.
Because Govt is unable to recover the NPAs, they wanted ordinary citizens money in the banking system, to stop the banking system from crash...is my understanding of Demonization
But introduction of 2000 note was big blunder
Every order has a purpose
U P elections.
Vai kahase economics par liya hei apne?
@@BasEkKafirintroducing 2000notes n making them inactive was not a blunder bro
It was a big warning to all those fake note printers that they should stop their business ASAP.
Those fake notes literally helped the t*rrorists activities in india. And after demonetisation their activities were reduced in india.
So it was a good decision by govt 👍👍👍
Rajanji is an excellent Economist in India we ppl salute him
Great insightful Podcast. I am glad that Raghurajan kept his political views aside while answering questions and equally well framed questions by Raj ... Is there a PODCAST done with Jayant Sinha ?
Ye BkL jaha dikh jata mujhe gussa aur atta h yaar 😂😂
Dimag chyye.. tumhe chaiwala pasand hoga
What kind of Ex. RBI governor who says I am carrying large stack of big cash notes in my wallet in the current era of UPI revolution?
Thank you, lots of TAKEAWAYS from today's episode.❤
Most dumbest rbi gov India has ever had. Look at his track records & predictions you'll know. As a professional economist he dint even mention at the digital payment revolution in India. Feel sad for his students!
with all due respect, i think he is too biased. i would love to see a bit neutral view from elite educated personalities
DEMONETIZATION WAS FOR DIGITIZATION ❤❤❤ MODI VISION WAS GREAT❤❤❤
I am really impressed by your question to Rajan sir. It's really amazing for india and peoples also. Your way of taking is awesome and voice ton is so clear and politely.
This interview is an exampleof "When you can't convince then Confuse "
He doesn't sound like a sharp and enthusiastic economist
THE ONLY " CHAPRI " GOVERNOR, RBI EVER GOT 🤑🤑🤑
Right
Chomu h kya Rohan aukat mai reh
Jai hind bhai
@@mahendra007nagpure8jai hind dost
Chapri pm and hm
His predictions are always false 😂😂😂
Wonderful video, and such a knowledgeable person Rajan is.
This comment section shows how our young generation don't trust blindly on any one and this is good for india
Same young generation will trust blindly if raj shamani invites any geopolitical self proclaimed expert or religious podcasters.......
They are opposing him because most are bjp followers so they can't take criticism and will tag with anti hindu,anti india, liberal, communist,naxali sympathiser.
Hope for best.
Ohh Raj!!! You are doing amazing by inviting guests like Sir Rajan😮. These conversations are priceless literally priceless.
My celebrity Mr. Raghuram Rajan sir...Yes I was fortunate enough to see you in presidency college Kolkata way back in 2015 and sir you are the one for whom I joined public sector bank and I chose it as a career...❤ U sir
Most inefficient r b i governor who couldn't even understand the magnitude of n p a in indian banking industry later paved way to mallaya, neerav, choksy etc swindled thousands of crores left the country. 😥
This is the best podcast I have ever seen...a brain storming podcast #mustwatch
If India grow with 5 % it will be good but we are now growing at 7.8 that may be worst 😢😢 it might can create worst in future 😮😮
Last 4 years growth is 4%.
What about covid kid@@subhrajitgupta5535
fact about raghuram rajan: he got prestigious Governor of the Year 2014 award. He was chief economist for IMF.
So? He predicted everything wrong. Who cares about his awards.
@@kavithasanagaram well not everything...he predicted demonetisation will be a disaster..and it was...
@Incognito-in i don't think banks need rbi governor's permission to give loans...but i'm sure he'll know who let them out of d country...
@Incognito-in role of rbi is to make Guidelines so that banking system remains healthy...and when it comes to adani, yes it is Central govt responsibility to see how a single person got so much loan from "GOVT" banks, to avoid incidents like nirav modi and vijay malya from happing again...
Hypocrisy likh dene se log apne aap ko cool samajhne lagte h...
@Incognito-in becoz govt asked banks to give loan to adani ...
Largely balanced. The risk I pose for myself is that I may end up liking him, he ain’ t so bad.
Thanks for having Dr. Rajan for us. Great job Raj !!
Third class debate with third class RBI governor who couldn't stop inflation and till today this suver was saying bharath will grow hardly 5% but now bharath have grown 8.3% and surplus FDI and GST collection is very high, I watched his channel for the first time and he can't judge whom to invite and from now on TATA good bye khatam to his channel
First class Mohit, Harvard graduate, economics extraordinaire is calling a RBI governor third class 😂😂😂
He was about to print 10000rs.note
@@bluefinaquaculture8234 firstly it was a proposal with his pov which got reviewed and later rejected. So he did not wake up and tell tomorrow I’ll print 10000 note. Unlike certain joker. I don’t see your blood boil about having to stand in line at an ATM for hours to access your own money after making your money useless overnight?
Modi is puppet of Adani and Ambani
Congress has chosen Dr Manmohan an PHD is economics as PM not some Sadkchap like Godi
And Raghuram Rajan is
Indian Institute of Technology, Delhi (BTech)
Indian Institute of Management, Ahmedabad (MBA)
Massachusetts Institute of Technology (PhD) and
At 40, he was the youngest individual, and the first born in an emerging-market nation, to be appointed the chief economist at the IMF.
while BJP chosen Illiterate Modi as PM and an IAS generalist officer as RBI governor Shktikanta Das
Shktikanta Das education
(BA) and master's degrees (MA) in history from the St. Stephen's College, Delhi. He was awarded D.Litt. by Utkal University in 2021
So we know who is best for India and who is doing only drama
@@surajjaison248 third class Manmohana and rajan they pledged tons of gold to UK bank to control inflation and falling economy by the end of their tenure they made india fragile 5 economy but now see what modi ji and nirmala sitarama has done they have made india fragile economy to top 5 economy, see the startups and unicorns it has overtaken china too hats off to Modi ji
The biases of Mr. Rajan is clearly visible.
I think he meant 4 lacs per month salary😢😢
Because I think starting salary for RBI clerk is around 6-7 lacs
So many times Raghuram Rajan predicted or recession but his predictions went wrong. 🙏🙏🙏
99.8% not possible
Also bring Sanjeev Sanyal. His perspective is very insightfull and help us understand Indian monetary policy
he's been on the show before
I must say this time raj did a very detailed and in-depth research and asked great ques. , growth is good my frnd , you took tge suggestions and result is in front of us 👏🏼 good work
"Finally, the moment I've been waiting for! I'm too excited to watch this."❤
If demonetisation was the worst decision, then discontinuing this sadist was the best decision of the govt😂 .. off late he has been giving interviews to everyone from shamani to barkha Rajdeep Lalla top (in Hindi) using UA-cam as political launch pad for 2024 election on cong ticket. Not only will he lose, congress will come down 35 MPs this time.
just thank u Raj for this podcast.........It was indeed an honour to listen to one of the greatest minds India has ever produced!!!!
lol! as said by a champu
@@manh9105 Modi illiterate Bhakt spotted
Thodi aur chaat le bhai.....abhi geela nahi hua hoga....😂😂😂😂😂
🤣🤣🤣 A mind which couldnt predict GDP even close enough
😂what
Please sir india ki growth rate nagative me predict kar do
It's an honour and proud that you are from our MP on this level. Great respect for both of you Raj and Rajan sir
India ko Super Kyu Banana Hai 😂
batao kyu banna chaiye ? India ko happiness phalane hai sab may
Check his education background. Electrical Engineer turned Economist became RBI Gov.. 🙏 Not a joke. Google.
Check current governors edu background also bachelor of arts become ias then governor
Not a joke bing
Education is not the criteria. Decision making + logical critical thinking + CORRECT education with unbiased lens is the criteria. And this is not a joke [
Engeneer with an MBA is not equal to an economist.
Samjha Bail budhhi
MAY BE THE BEST PERSON I EVER SEEN
Amazing Raj, love these kinds of episode. Hoping to see more such ones.