Raghuram Rajan on why democracy is ‘biggest advantage’ for India’s economy
Вставка
- Опубліковано 11 вер 2024
- In a conversation with Newslaundry CEO Abhinandan Sekhri, former RBI governor #RaghuramRajan spoke about the role of artificial intelligence in economic development, competition in the news industry, and India’s response to environmental threats, among other issues.
In his keynote address at the Ideas for India Conference, organised by Bridge India in London last month, Rajan also examined India’s service sector and the significance of democracy for future economic growth.
“Our biggest advantage is our democracy. Would you trust 5G that is sold to you from an authoritarian country?” said the former RBI governor, reiterating the importance of decentralisation and investment in human capital development. “India has a reputation in services. Let’s build on it.”
Watch.
Subscribe to Newslaundry: www.newslaundr...
Contribute to our Press Freedom fund: newslaundry.com...
Download the all-new Newslaundry app: www.newslaundr...
Follow and engage with us on social media:
Facebook: / newslaundry
Twitter: / newslaundry
Instagram: / newslaundry
Subscribe to Newslaundry: www.newslaundry.com/subscription?ref=social
Contribute to our Press Freedom fund: newslaundry.com/sena?ref=social
Download the all-new Newslaundry app: www.newslaundry.com/download-app
RRR
NEXT PRIME MINISTER OF INDIA
❤❤❤❤❤
@@puredesi6278this will be more of sort disaster.
He may be a good and well tested economist but a Prime minister needs to be a lot more empathetic and Visionary
@@shrey_chheda He will not be a disaster, he will be anytime better than our present day Nero
@@beulahlad3576 how naive can you be?!? Politics and Policy making are two different things - this man is a bureaucrat, policy maker and speaks to a logical mind... sometimes partisan and conveniently one-sided, yes but largely logical. Politician needs to appeal to the cultural & emotional side of the nation while allowing the policy makers to execute. If you like a non-bjp example, you must recall how Indira Gandhi was promoting and investing huge sums of money into ISRO and nuclear investments while still talking about 'garibi hatao'. Thats a smart politician for you. Prof Rajan, is a policy maker and not a charismatic leader.
@@puredesi6278 ¹¹¹1111
How quietly he avoids mentioning the scorching pace of infra, highways, tunnels, bridges, ports, waterways. etc
Just mindlessly building infra will not benefit us.
Sri lanka did that, now they are bankrupt.
How are we creating wealth?
@@KS-xp1od Nothing mindless about it. Our infra and connectivity building is clearly aimed at reducing logistics cost and providing connections in areas which were cut off from the rest of the country like the North East for example. Metros in cities are absolutely necessary. So too power generation where we were suffering great scarcity.
It's always good to see and talk what's next, that hunger is important, you can't be busy in present thinking what has been done, if we want to compete with nations which are ahead of us, we should be forward looking with hunger that "this is not enough"!! Realty is We are still way too behind when it comes to infrastructure and manufacturing.. we must accept and work towards doing more and more..
@@KS-xp1od you must be the one who walks everywhere, other people need great road to drive.
This clown is an admirer/sycophant of the Gandhi family. That says all.
Aligning economics to Gandhian ideas...OMG .It just beautifies an economy. It's a difficult path but that's what India has never been afraid to take. The country that claims herself to be the largest democracy must show that much courage & I'm hopeful on that.
Great delivery by newslaundry.
Thankful to R. Rajan Sir for such enlightening insights .💯
and gandi killed by hindutva
@@muhulinuhawhy, Hindutwa is still alive noh, and also you; a Hindu are alive noh?
It has been a habit with you people to blame everything on Gandhi ji and Nehru ji, at the same time you are enjoying the freedom earned for you by these two great persons.
i respect gandhiji and nehru but it is a disrespect to other people who sacrificed their life for the country the collective effort of many unknown freedom fighters helped more to gain independence , u have read the history written by people who were in power after independence that is nehru family
@@euginiamiranda4990
aligning economics to gandhian(socialist) ideas made this country 15 years behind china , u are just a soft person living in a fairytale, in this captalist world with so much population u want socialism 🙂people like u in power made this country 15 years behind china
I wish these kinds of lectures are delivered at district leve in India. This would be a first step in the direction of decentralisation.
great idea,,,
Decentralization leads to corruption and inefficiency. It is easier to buy influence in a smaller government with fewer resources than a larger one. Small governments do not have the ability to bring about comprehensive socio-economic change in a cohesive fashion, which is required for long-term planning and is the kind of planning India desperately needs. We need big-ticket items like infrastructure, 5G and the development of our military industrial complex.
The short-sighted and arbitrary nature of such governments is what has caused India to lag behind China and allocate its resources injudiciously. The freebie culture with free toasters and movie tickets has to stop.
@@kicksomeup6998 Then why america is ahead...its the first decentralised nation...and they'll even prevail china...#IT-cell...
@@kicksomeup6998Infact centralized governmenance leads to corruption. Before Panchayat Raj we did not know for which roads construction or asphalting in my village got money sanctioned or how much money got sanctioned. It used to happen in state capitals and very few people had information. Now every villager can get this information from Panchayat office.
@@kavisiddupanchayat toh pura choro ka post h.
It was same with two wheeler now we become top in that industry.being democracy it takes time for any industrial development
For me it was like being in a classroom, listening with concentration, and taking in as much as I could from the talk of Raghuram Rajan. The way he answered the questions is simply SUPERB.
🙏👌👍🙏
Lmao😂😂 all you librandus are the same
52:42 “Allowing different voices different thoughts” is the way forward to think about education in our country!
Thanks Dr. Rajan & NL team.
53:40 “All the thought was not invented elsewhere, we can invent new thought ourselves!”
I wished he had commented on the question on international financial systems and not side track it
india has survived whuan virus which itself shows the present govt is the best
.. When you have Base ready for further construction lecture would be like you delivered... 😅..
@@bijukar4742 u mean corrupt
@@bijukar4742 good job chamcha man.. aayega toh Modi hi or Modi ke baad sirf YOGI Maharaj
what are you talking abotu? u have 1.5 billion people of course you'll survive, indians died without basics such as O2, india has more unofficial covid deaths than any other country
everyone has done that so every govt is good using ur logic
India is really good at producing talkers. Try to make more doers next time.
YOU SAID IT
Exactly 😂💯💯💯💯, we all want to become IAS, motivation speakers, UA-camrs, full time philosophers, Babas, but no one wants to build it.....that's why IITians excel at Research in the USA 😂 and not at building stuff 😅.... research requires more brains though
thats because there is no king like in who DOES things but the civilian brain still thinks that someone listens on the other side thats why they TALK, in pre-colonial times the bloody system of kings and wars worked well in India because the kings who cared for their land were the ones who could make big armies and defend their lands.
Coming from the hot air baloon specialists China😂
Ever since Modi came to power, Rahul Gandhi is Raghuram Rajan's economic advisor!
Modi ji ka bana de thoda bhala ho jaayega
I agree with him manufacturing industry may be collapsed but the service sector has always kept the economy moving ✌️ I want you sir as p.m of india . ... 💥💥
😂
@@TJSaw 💀💀
@@theindianman001 😂😂
What ??
Then why communist china is 5 times richer than india 🇮🇳😂
Thats why communist china is an open air jail.
🤣🤣
I think Dr Rajan missed a crucial point as to why the manufacturing route worked. It is because it provides mass employment, taking the disguisedly unemployed in agriculture to 'serf' jobs in manufacturing. Examples of 'lord' jobs like telemedicine or IT professionals/ Apple products/Cloud computing provide employment to very few and the highly skilled amongst them. To support service centric economy, you either need access to the global market or must have strong domestic demand. Low level service jobs like the kirana shop can't have access to the global market and the domestic demand isn't supported by a large population who might have need for those services. Manufacturing helps to kill both these birds with one stone. It provides export based global market access and it creates a population better equipped not to do fancy telemedicine but to bolster domestic demand of low level services. I think the argument that prioritising a sliver of high skilled engineers, doctors and consultants can offset the problems of the mass populace languishing in climate change addled fields is a deeply mistaken one. India's workforce needs the 'serf' jobs because the high end jobs simply don't have the capacity to support mass employment.
And he also missed on about self reliance also!!! What about it!!
💯
He didn’t say - we shouldn’t do manufacturing. He said we should try to catch that bus, but while we do so - don’t miss the services bus
He missed a crucial point in everything he said
@@AshwinSekar02 Why not? Geopolitical situation and demographics is in favour for us now more than ever before! We can never become a purely service-oriented economy because only 11% of 25-64 year-olds have tertiary education. It will be so much harder for us to upskill the rest 89% of our working population to cater the service oriented economy than upskill them to work in manufacturing sector. The only way you could give huge number of jobs to our population is either via more efficient agricultural sector or via manufacturing. Agriculture is already broken thanks to mandi influence... So, manufacturing is the only way
Democracy alone can't pull people out of poverty.
The average people keeps asking government job and some politicians keep hating businesses that create jobs. This attitude can't pull people out of poverty.
Poverty will be eradicated only when govt encourages manufacturing sector, to get people out of agriculture.
70 years of Congress rule was totally against manufacturing, and this so-called economist also opposes manufacturing in India. Then how can we call him a well-wisher of India?
China pulled it's people out of poverty through manufacturing. Should we keep importing from China forever? This economist, never understanda or doesn't want people to understand. 10 years of Congress made us dependent on Chinese imports, and labour reforms were neglected so much that, Indian textile companies shifted to Bangladesh. We need to correct these mistakes. Sorry, Raghuram Rajan, you are wrong. Your big words don't impress us. Your ideas won't create jobs. It seems even you know that but you want to deliberately mislead us, fir your selfish aims. Please stay in US. Indians are realizing what is good for them. And we are making progress. Slowly, everyone will realise this.
.. Oh.. I think time has come to convert our democratic systems and structure to autocractic systema & structures
Convert our indian people to a robotic human being as govt. requires and asked us to act as what they want becoz we want development by crushing all our rights.. Liberties... thoughts.. Then why don't it start from you.
@@bijukar4742 Remember which party leader imposed EMERGENCY?
An enlightening lecture in which Dr Rajan lays out his vision of what needs to be done so that India can walk the high growth path towards development. While the focus on boosting manufacturing should not be abandoned, a much more concerted effort should go into the development of services, where India is renowned and has an advantage. The manufacturing bus is already gone and moreover, the situation is very different from what was conducive to China's growth. Most of the value added is now in services and to take advantage of this, we need to invest in quality and accessible education, healthcare. Most importantly, democracy is an asset and can be of immense help in promoting India's growth as a service exporter. (consulting, telemedicine etc)
He wants to build 10000 miles of high speed rail which is not feasible anywhere china build it it has gave them $1 trillion of debt we wont make woke investments just to satisfy english speaking sophisticated brown gentlemen's ego as he is saying it.
😅😅😅😅😅..another bookworm... couldn't fix things for d given responsibility of RBI... Banks became weak..NPA increased..no checks and balance. Another idiot who wants to be FM in Rahul Gandhi cabinet. Just stay in dreams
Raghuram say India will grow 5% but India grow around 7.2%
he is great economist.
Slave of Congress party
debt fueled growth is nothing to celebrate
Because he has degree from Havard.. Chai bala mein kya rakha hei..
@@nrb397 Harvard meh bhi jakar bhi j*at Barabar kuch nhi ukhad paya
This is NL to the next levels. Congratulations to the entire NL team.
Yehi rajan bola tha Indian economy 3 percent se above grow nahi karegi 🤣🤣 7.2 percent grow kiya🤣🤣
😂😂😂😂😂
@@amazingworld-dr7on yhi p tum jaise log maar khaa jaate
saal m kitni growth hoti h overall percentage batana zara
@@amazingworld-dr7on Yes Sir !! Except Modi ji, every person can make mistake in his life !! :) :)
@@syednajeebashraf4101 aalo sona bana ki nahi 🤣🤣🤣 papu se machine mang lo🤣🤣
Suddenly newslaundry has started organising some costly conferences in and out of India
Source of income need to be investigated as 2024 elections are approaching.
The singular man to get every single prediction wrong !!! ❤❤❤❤
The Indian economy is safe as long as you are miles away from it Sir 😂
Takes special talent .....more power to u Sir ....
पिछले पच्चीस बरस से मैं बार बार बार बार कह रहा हूं कि जो जितना बड़ा पढ़ा लिखा उतना ही बड़ा सत्यानाशी।ये कथन मन मोहन, सिब्बल, चिदम्बरम,रघु राम राजन आदि को देखकर और भी द्रृढ़ होता है।
Don't study keep selling samosa as the leader suggested for 16 hrs a day with no pay hike for 16 years.
Isliyen bhakton ke neta chauthi fail hai😂😂😂
मैं भक्त हूं।गुलाम नहीं हूं। सड़सठ लाख ग्रेजुएट, कुकर मुत्ते की भांति जन्मते हैं जिनमें से पचहत्तर प्रतिशत किसी काम के नहीं होते और शेष भी अधिकांश नौकरी करते हैं और समोसे वाला बैठकर नोट गिनता है ये लाइन लगाकर खड़े रहते हैं। विश्वास ना हो तो गंगा नगर मेरठ में आकर देख लो, प्रत्येक समौसे कम से कम १२---१५सौ समौसे बेच देता है। यदि मेरा नेता चौथी पास है, यदि है तो - -- उससे अधिक माथा फुडाई की आवश्यकता नहीं।हर हर हर महादेव।
If Indian government follows Raghurama Raajan economy policy, India might have facing the same problem what today America and European Union is facing.
Only God knows how this man is so popular for economic policy.
Yes
Why?
Under UPA2 watch the nationalized banks gave 800 Billion dollars as loans to all the power & infra companies. Puffff... 400 Billion gone(Lanco group itself owed 55,000 crores to banks). RRR(RaghuRama Rajan) did not do anything from sep 2013 to May 2014.
Then comes Modi govt.
He started Asset Quality Review (AQR) in June 2015 and asked all the banks to publish real numbers in just 3 months(He allowed to publish fake numbers in UPA2). Just imagine , all the wrong doings in 10 years will show up in next 3 months.
Here is the trick, RRR will be hailed as a great person to bring this AQR program and all the mud will stick to Modi govt(People will think that previously everything was good, in just one year from Apr 2014 to Jul 2015 Modi mismanaged
economics of this country).
ONE SHOT 2 BIRDS.
Here comes the twist(This is why Modi is Modi, do not underestimate Modi), Modi did not say anything. Let the RRR do what he wants and neither Modi wants to protect this corrupt people. Though there is some bad coverage in public due to this exercise,
Modi capitalized this situation and bought the Insolvency& bankruptcy code( the default company has to pay money or else the promoter will be on road) which is even more crucial.
For once and all Modi cleansed the banking system.
Modi then recapitalized the banks with additional 2-lakh crores, merged some banks. At current stage Indian banks are the stongest banks in the world with the highest capital adequacy ratio(which measures the health of a bank) in history of Indian banks.
I will give you a contrast example of Nandan Nilekani. Nandan was part of UPA2 as cabinet rank minister for AADHAR project and also contested from Bangalore as Congress MP. He showed his desire to become a politician by contesting in elections.
Nandan lost election and met Modi in 2014 and explained him about the AADHAR and future plans. Modi gave the nod and then Nandan went on contributing to UPI(Now it is one of back bone of Indian economy) with the collaboration of NPCI.
And now Nandan is working on ONDC which can transform the e-commerce field.
Neither Modi is hateful to Nandan(as he contested as congress mp), nor Nandan have any thing against Modi. Both are patriots from 2 different parties. For patriots parties do not matter, what matter for them is India.
This is how a technocrat could a patriot, you don't need congress or BJP to contribute to India. If RRR is a real patriot, he can follow the path of Nandan, just contribute to India. Who is stopping RRR.
My opinion is don't be a politician and hide under the skin of technocrat or economist. Come join Congress or start a new political party like Arvind Kejriwal. (Any way I don't like AK also, but he has the right to do politics).
RRR, please either choose Nandan path or choose AK path(Both are good in their own way). Don't be like this. Please use you brain for India not for silly things.
that's why he is not popular
Rajan is an agent of the globalists who also back his allies the Gandhi's who are anything but democratic.
Arguments with logic and rationality 👍
I can argue exactly opposite with logic and rationality -- Will you listen to ?
@@spg6651 you can not be taken seriously till you attain the position of Raghuram Rajan
@@Inner.divinity You see .. Most of the positions one attain is by LUCK -- I am convinced with that .. This glorification of individual success one should stop doing -- Instead do people who have done larger good to society such as E SRIDHANRAN of KONAKAN RAILWAY -- NANDAN NILEANI of UPI fame - KURIAN of AMUL .. This man because he is USA citizen he was called to head RBI -- Do you know one person by name Prof RV was also contender for RBI governr during that time he could not pass through as he is Indian and professoor if Finace in IIm Bangalore .. Any way this glotofication individual is contribution of highly individualistic society product of capatalism
India should not be left behind in developing the country under the pretext of democracy stopping it. Democracy should encourage and not discourage the progressive development of India.
Unaesthetic overdevelopment should be questioned at all costs, overdevelopment is worse than underdevelopment, overprogress democracy must exist, plus basic rights , aesthetics, rights for the people at lower strata?? Career choice? How can you ruin the lives of the culturally and the alternatively minded, look at kashmir, Rajasthan etc and look at noida, banglore etc how can latter be the vision, after everyone , we can't be like south east Asia, Israel etc
Democracy will never work in a country that has soo many divisions with a sub-saharan GDP per capita. Hindutuva at least unites all Hindus together which is why we are finally growing
@@TheDonMan97agenda and all fake problems for corporate agenda and evil ppl, what are those differences and who is causing them ? How are they being caused? not substantial enough to ruin us totally, that is also happening can we become like Singapore i.e the only country with no organic, nature based farms
@@TheDonMan97 People should be united as human beings without differentiating between caste, creed and religion which makes it divisive. I consider Hindutva, which you are supporting, as still divisive. uniting one section of the population and dividing them against others. We need common grounds that would unite us but the politicians want to divide us so that they can win votes.
@@lakshyavarshney9942 You have mentioned the problems, please suggest the solutions.
Every time he says something negative about India, I'm so happy because the exact opposite happens! This time he was soo negative and by Allah's grace, India will have even faster growth!! :D Thank you RR
Because he does not like modi , he likes chidambaram
@@sujatashenoy9794 Its not about Modi, he works for a specific kind as brown sepoy. It's all about how drain Indian wealth or keep it as economic vassal state of his Californian & Norwegian masters.
@@surojeetchatterji9966 Sir who will help Indians , surely not Rajan,
@@sujatashenoy9794 Where I said Rajan will save ? How can a brown sepoy save Indians ? Brown sepoy only works for his white masters & commie sepoys works for yellow han Chinese masters.
He speaks the truth which hurts bhakts and their papa.
If he become FM of India…. our nation will roar.
Yes
He is too good to be the Fam
Kudos to the NL team and one of the great thinkers of our time Dr. Rajan for this discussion. Keep up what you are doing NL team :)
😂😂😂
You listen to him and NL at your peril. Imagine the left sponsoring Raghu!
@@abi-wg4jthey india is dying and this guy still laughs such hypocrat he is
Jyada paisa aa gya hai kya bhai😅
@@thelifesamadhan8588 you are poor
In my opinion Mr.Rajan is like the bat that is neither a mammal nor a bird but tends to advise India on how to tend to its young economy but at the same time tries to show the birds that he is as dexterous as them. His tacit refusal to accept his flaws and intelligently masquerade as an advisor when not required talks volumes on his talent and recognition the world over because he speaks the language they understand.
Talks volumes - better to put them in a shelf & get them locked for DISPOSAL*
Aren't you speaking the language they understand as well ? English! Either way I think you didn't watch the speech coz he did exactly the opposite of that
@@pratapkp6139 what I meant by the language they understand is not English but the way they would want to hear him say.
@@srinivasanranganathan7159 let him be sir. His lot don't even understand what figure of speech means. Anyways I can't agree more on your point. And as he said he doesn't care about India being a superpower. Just like we are ashamed of him being the ex governor of such a prestigious institute. His lot will always be there to pull us down but we should focus on ourselves and developing faster every year.
He is a congress guy and cannot even agree 1% on anything good done by the current govt
This talk reaffirmed my belief that it is vital to uncouple the respect one has in a person’s intellect from the trust one has in their prescription.
Intellect is a necessary but not sufficient ingredient of a sound prescription.
Vietnam workers are cheap? What nonsense is he saying?
@@laoxianmodi I have no knowledge on that so I didn’t pick on that. But what raised my suspicion most was the dubious way in which he framed our choices. For example, are high-end chip design and low-end chip manufacturing some kind of exclusive alternatives? Cmmon - he’s too smart to not know better.
Thank you so much news laundry for arranging such a professional talk with Dr. Raghuram sir . Very insightful talk with lots of clarification on road map for India
Vietnam workers are cheap? What nonsense is he saying?
@@laoxianmodi he mean to say ,India will have very tough competition as far as cheap labour is concern . Vietnam might provide cheaper labour than us so few overseas manufacturing businesses might attract towards vietnam
Quite right. Mr Goebbels. Repeat this mantra for a fortnight and then announce that since democracy no longer exists in India, the economy will crash soon unless we put Dog Shit (Pup Poo) on the throne
@@3208nandu Raghu says, Indians are dumb and can never be a high quality manufacturing and have to compete with dumb people to remain cheap. He forgets the part that pay in vitenam is higher than India. Their per capita income is growing at much faster pace than India's.
He said India wont go past 5% growth this year , already proved wrong.
India to progress with vibrant democracy and pull of skill people.
Well said, rather than subsidising chip manufacturing, India should give excellent quality engineering institutions and educational institutions.🙏🙏🙏
😊
So that we can immigrate to a developed country at lower cost 😂
😂 then don't complain about income inequality, service based growth is more likely to lead to inequality.
And how many years will it take??
And how many lower income households will be able to support their children for education like such?? India is investing in IITs from past 3 decades still we couldn’t lift everyone out of poverty and what boggles me is that how can a economist like him say that … we need manufacturing first to fill the unemployment gaps later generations can go for services otherwise it will lead to inequality… …. Dont just follow anyone blindly use your brain
PM material but dirty politicians will not let such ppl flourish
😂😂😂😂.. next joke
@@bharatbhusandas4599 as per you GobarCchap Yogi suitable for ur mother hai na
@@SophistRahul see look at your mentality . Like i can say even is a pig far better than for your mom , who gave birth a child like you
@@bharatbhusandas4599 next joke is modi and Yogi are educated
@@TedoR2011 you can check both of their education qualifications ..both are graduates. You are a joke .
Very well said education needs to be given priority. Rather than simply give insensitive for manufacturing, companies need to be given insentive for hiring and training. More and more companies are stopping their employee training programs.
Yehi rajan bola tha Indian economy 3 percent se above grow nahi karegi 🤣🤣 7.2 percent grow kiya🤣🤣
What stopped UPA from focusing on education. They just made some act and looted the schools!
@@amazingworld-dr7onrajan is a mouth piece of Congress.
incentive
He said India's economy growth rate will be 5percent but India's growth rate 7.2 percentage
Designers travel easily. We can spend millions training them only to see them move to America. Factories on the other hand are more difficult to move. There are moveable and immovable assets. As far as chips go(for international presence)… the latter are equally important and more valuable.
India needs to be a product country. Building a position in commoditised markets(especially services) will not take us far.
All of what Dr. Rajan paints is a platitude. He should do more of this to spark more thinking and to make people stay on course.
One of my favourite choice as India's next prime ministerial candidate
Next finance minister.....brilliant economist..india needs strong leadership...with highly educated pple..
You are joking right??🤣🤣🤣
Mine also ! What an intelligent man , didn't get chance to prove his calibre in India !!! What a loss for India !!
😂😂😂
@arwindsawant8538Kuch be.. What position does Rajan hold in US govt to advise them..
An Economist whose predictions about Indian Economy never gets right😢😂
Enjoyed Dr Rajan's talk and the Q&A very much. Thank you for posting
FOR changing mindset we need a good influencer who have broader view like you MR. RAGHURAM RAJAN SIR...❤
Great speech and thought, but we are right now busy to save our religion, and our great leader of country is leading our religion on the cost of democracy/social harmony/economy/education/health and our countrymen are happy with this super man that is Bal Narendra i.e. 56. But your Speech is real need of our country but don't know when people are india may awaken
India would progress fast as a true and secular democracy.
I think a lot of countries to the west of India (southwest asia) would benefit from secularism. Those who only want secularism for some but not others only show hypocrisy.
No... secular government caused the highest amount of riots and that only stopped the growth
No secularism only hindu rashtra . Mulla can go to the 59 oic islamic countries
Yeah, 70 saalo se secularism India ko developed banaya tha. After 2014 India fir se developing ban gaya. Hain naa ?
Kuch bhi matharchod
It’s really amazing
This gentleman talking about India in foreign land without any true , real experience of Indian society for long time.
yeah fools and uneducated can't imagine it
Delightful speech, Sir, you are right that if India increases its human capital then it will flourish much more because everything begins with it.
Yes it is democracy and our very great PM Modi ji and our great Hindu Nationalist BJP that India economy doing so great. But it is most thanking of all sir Putin sahib our time-tested friend who selling to India very cheap price oil. While stupid west nations refusing to buy Russia oil, we India enjoying so much cheap oil and is why Bharat must continuing great support of the war crimings of Putin sir. God blessing you Putin sahib! Jai shree Putin!!!
So, if we understand it right, the crux of his argument is:
"India, don't go into manufacturing, and here are all the different reasons why. If even one of these reasons is enough to persuade you, then I've succeeded in my mission: dissuading India from emerging as a manufacturing powerhouse".
What does he say on freebies offered by Karnataka govt as an economist?
Great economist. His predictions on Indian economy is always accurate 😂
Lol, always wrong. He wants India to survive on services. He has been wrong so many times that it's comical
@@blackmamba9950सही कहा,ये साला रघुराम राम ,भारतविरोधी US के (ओमीडियार नेटवर्क ) से फंडेड है ।ये कभी नही चाहते कि भारत आर्थिक महाशक्ति बने & US को चुनौती दे ।
@@blackmamba9950 My friend, you don't need to be accurate in your prediction; you just need to be less wrong than others to be able to prove your point. Yk, economists are wrong all the time as they predict the future based on the data, and it's a proven fact that close to 90% of the statistical data is either manipulated or too off. All the famous economists became the talk of the town not because they guessed the future right, but because they guessed the future less wrong than their peers.
@@rahul_bhawnani I agree with you in some sense but Raghuram is not an econometrics driven economist, he's more of a theorist. Theories are always sub-optimal in their predictive power. He may be a smart guy but we need to stop taking professionals with just academic pedigree but with a mixed track record with a pinch of salt. That's all I am saying
@@blackmamba9950never Argue with a fool rather say u r Right ✅️
As per Sir Raghu, only hope India have to become superpower is that Indians should urge him to be back as RBI governor or as PM ASAP.
Congress supporters were blind from beginning.
But I did not know they were such fools to think of electing a person who is on the payroll of CIA to destroy India economically to be the next PM.
HAD he been governor a few more years Rupee was going to fall 10 times. A big crash.
दूख इस बात का नही है कि धर्म का धंधा हो रहा है अफसोस इस बात का है कि पढा लिखा भी अंधा हो रहा है 🤔🤔जय भारत 🇮🇳
You have pointed out correctly. Padha Likha has also become blind n deaf.
@@yahiyafirdousery well said....Congress in Karnatka appeasing 1 community and another in Madhya Pradesh.....luckily people of India are with h Modi Ji
@@punterjakeAnd Modi does the appeasement of only one person..
धर्म का धंधा कांग्रेस ने इतने सालो तक और आज उनका धर्म का धंधा बीजेपी न बंद कर दिया है।
@@punterjake ople of India who are with modiji are lunddd dimag ke, gu khane Wale and u r maha bhosidike
" People want a good government with or without democracy " by Lee Kwan Yew.
Sounds like a Chinese communist defending communism.
Main points: Strengthen democracy,instututions,build
world class universities and schools rather than giving billions to manufacturing industries.
Focus on designing of new technology.
Compete with developing countries than developed countries in manufacturing sector.
We should notbe slaves of past and expand service sector.
Be inclusive of other culture and keep up our ideals.
This is the kind of interview I am waiting for, I am looking forward hear more like that
@@19hbytuy if I follow you he is having fake PHD degrees and he knows nothing right, US allows the best talent from India not just random US made a mistake by hiring him. Doesn't sound contradictory
6000+ HNI leaving India or going to leave . They don't want tax relaxation. Even if they are giving tax no benefit of that. Actually it is problem every tax payer. So they will move away
Raghu Ram Rajan sir is not only our RBI Ex Governor he is world's greatest economic reformer.
Indirect method of critical analysis of present political system in India, by Dr Rajan in shadow of democracy.
Quite right. Mr Goebbels. Repeat this mantra for a fortnight and then announce that since democracy no longer exists in India, the economy will crash soon unless we put Dog Shit (Pup Poo) on the throne
Thank you NL for arranging great presentation by Raghuram Sir
Head over heels for Rags, the guy who's got more talents than a circus full of acrobatic clowns. Listening to him is pure joy, like a symphony for our eardrums!
I think acrobatic clowns have run economy better than jumping jack like rajan
There is no doubt about talent,professionalism and boldness of Dr Raghuram ji, he is capable and confident to improve the Indian economy in right perspective and towards growth.
Any how Raghuram rajan ji has made his place in indian history and recognise as most competent personality . He is popular not only in India but world recognise his talent and innovation.
😜
Popular in China n Paxtan
This guy’s dad was humiliated by Rajiv Gandhi, so this guy is taking revenge by giving all kinds of wrong advice to Rahul Gandhi 😂😂
Excellent grift. Please continue sir 😅
If that is true he will be in a good position in present ruling
But modi is the PM. Who is giving him wrong advice gobar bhakt.
Why isn't the government consulting more professionals like him? He makes valid points.
Coz these professionals have a low IQ when it comes to Ram and Rahim.
He is a congress worker, who predicted India will fail. Instead India became world's fastest growing economy
He is good for nothing except giving statements
@@prateek4570 So he's just like Modi
@@doctormaycry30 Yes ! More like that
Hello Respected Dr Rajan. It's always nice to see. I respect you and love you. We all should do something to get rid off from the present govt.🙏❤️
But why should we get rid of present government
Rig the elections if you want. There's no other way to get the BJP out of power without resorting to this.😂😂
Indian Banking System hit the waterloo when Mr. Rajan was RBI Governor. The Banking system collapsed with "Phone Banking" (Minister and Party Leaders call up the Bank Manager over phone and make a loan with few hundred crores to his benami business head and then divert that money to real estate etc.)
Modi government took the following drastic steps starting 2014 to address the issues created by these reckless looters. Now Indian banking system is in good shape with both Nationalized Banks and Private Sector and Scheduled Banks hitting highest profitability and lowest NPAs in straight rows.
Mr. Rajan should be ashamed that a country had to pass the following laws back to back and work their ass out for almost 5-6 years to clean up the mess he silently approved as RBI Governor. Still he has the guts to give these lectures.
1. Insolvency and Bankruptcy Code (IBC), 2016 acting as a major deterrent for irresponsible borrowing.
2. Amendments to Prevention of Corruption Act, 1988, which helped differentiate between genuine errors in commercial decisions and actual acts of corruption, protected bankers from frivolous charges, allowing them to make lending decisions without fear, while keeping the stringent punishment for actual corruption intact
3. Fugitive Economic Offenders Act, 2018, that allowed attachment and confiscation of the property of a fugitive economic offender and disentitlement of the offender from defending any civil claim.
4. Enhanced Access and Service Excellence (EASE) initiative, that helped build a system for early warning signals to detect bad loans.
5. Strict RBI Guidelines, unlike the paper guidelines during UPA1 and UPA2.
Check facts here:
ua-cam.com/video/W4IzIbc1bWM/v-deo.html
Thanks Newslauandry for bringing such lectures
Mulla laundary propaganda news
Dog Shit's (Pup Poo's) ball holder.
Wonderful NL! Proud of you folks for this 👌🏽
Ur lutyens days r gone for good. Its not coming back again. 🤣
Respectedsir❤iamhungapersiteandveryveryhapenes❤myhungnamaskargodblessyousiriamrequstthankyousomachsir❤
He is a gem and we should take advantage of his excellency to build our nation. But our current ruling party is filled by the lowest educated people who do not bother about nation only religious politics.
Don’t forget that he was RBI Governor and what he did. He is bad news and esp with Congress
Raghuram rajan best economists.... I want to see as indian finance minister
Respectedfinaneeminister❤trueyesiamfinaneeminteriovemyindiaiovelysweet❤❤❤❤❤❤
It's a tragedy that we the Indians have great thoughts and thinkers having projections of lack of wisdom and discipline essential for targetted growth and development. And fortunately there are somany leaders of this sort and followers as well who are too ardent about their ideas and criticisiyall others' ensuring low targetted growth and development at each level. All are leaders going to different destinations with their small teams without compromising for disciplined efforts..
Internal party democracy is also good for party politics. Some people get coronated as party leaders, while others got leadership by starting as outsiders who had to challenge existing leaders and fight their way up the ranks. Internal party democracy and competition are essential for the health of political parties. Better to allow challengers, to avoid stagnation and dynastic cronyism.
Well , Raghuram Rajan like puppets call it a democracy as long as it benefits them with some government position
Excellent explanation thank you very much sir
Yehi rajan bola tha Indian economy 3 percent se above grow nahi karegi 🤣🤣 7.2 percent grow kiya🤣🤣
I so respect Raghuram Rajan. These people spread posivity
For what?? He is a congressi chamcha
Raghuram Rajan is a congress🐶🐶🐶
Positivity what a nice joke 🤣🤣🤣🤣
The guy presided over the era of policy paralysis, high inflation and jobless growth. And here he is…teaching what needs to be done 😅
As a chip designer of 18 years, i understand what he's saying. I'm not finding jobs here and my friends in the same field have returned back to USA coz of lack of jobs here. Chip manufacturing is there in Taiwan only, which is a small manufacturing facility all over the world. Its upto coming up with Inllectual property all over the world which is what we' should be up to
How you become chip designer
@@pranavpatil6377 I'm not becoming, that's the whole problem, we're catering with services to designers who're elsewhere
@@pranavpatil6377ECE PADHO BHAI
Lovely and lively discussion. Insightful and entertaining💙
seeing the situation in India and being from the majoritarian religion + upper class (not justifying the action done by extremist) , few days ago i came to the conclusion that if modi turns dictator it aint causing problem to me and will be good for my country's economy
thankyou sir for giving a alternate view and explaining it in depth
It is not all wise to compare India to China where political system is so different .
Agree. Rajan is always like this
Rajan is chutia 🤣🤣 right now kutta of pappu
Why not?, when we compare with US when it comes to collecting taxes, and compare with Africa when it comes to citizen services, and you want to compare with may be srilanaka, Pakistan Nepal when it comes to economy.. only China matches the demographics of India so it does make sense to compare..
@@Fiffalifepolitical system make difference
@@Fiffalifewish that the majority of the Indians r as smart n pragmatic as you
I remember his speech where he talks about service oriented approach for economy opposing that manufacturing is difficult because of land acquisition laws in India. Clearly he missed out on geo political weakness of a service oriented economy. How who controls manufacturing, tangible resources can easily control countries which are dependent on them.
Yes we import majority of cellphone parts like chips and screens . Aren't we already working on manufacturing the chips in india?? Why specifically ignoring the solar energy generation growth? We managed to accomplish ethanol production prior to targeted date. It's official data that our Road infrastructure is growing nothing like anything in the past. Above anything, yes it's easy to grow services gdp .. in difficult times it's first thing to get shut down. We all have seen what happened to Europe, Shrilanka etc. World is not the same place , it was decade ago. There is a reason two largest economy fighting over Taiwan. And it's not even like we aren't promoting services there is UPI, IT, educational institutions flourishing.
It's just my constrctive criticism,big admirer of his work. 😅
I as an Indian feel ashamed to say that he was in such an important position such as the Governor of RBI in the past. What a shameful display.
A BUNCH OF MANIPULATORS PAID BY WHITE AMERICAN WOKIST ACTIVISTS , SOME AMERICAN PROTESTANT CHURCH FANATICS, SOME SUPREMACISTS AND OTHER ANTI INDIA ELEMENTS RAHUL CRYPTO CHRISTIAN IS BEHOND THEIR FUNDING PARTIALLY ATLEAST
Correct, you are the most eligible person to be an RBI governor.
Happy to listen to Dr. Rajan. He clarified amply his preference for service over manufacturing. The talk was appearing confusing so far. I would take a middle path-encourage manufacturing for few more years and also strive for high level services in design, consultancy and medical field. There is a good infrastructure already. Problem is quality. Professionals like Dr. Rajan should help Indian universities collaborate with their foreign counterparts who are presently involved in these services.
Great!
He wants India to become USA vassal state. The future of the world lies in atmanirbharata. The only country that can boast and execute it is USA, not even Russia.
Lol he said indian economy growth Wil not even 5 percent but in reality it's 7.2 . Chota rajan
@@abi-wg4jtthe 7.2 is comeback from the negative growth during COVID period. Still the actual growth is near 5 % .
@@abi-wg4jtgood to see how a guy who doesn't has a brain disrespects someone who has one of the best Brain in the country
@@superabadtalkies2157 chief economic advisor of India said Indian economy already recovered from covid. But yeah, we should aim for double digit GDP growth rate.
The key point to manufacturing is the skill precision's of products suitable to local and export market .In this area there is need to focus to quality products.
@@blablabla43934Burning sattis and exporting their ashes and collecting raw cow urine from point source to export and many more are good ideas SANGHI
Grow up and get back where from u came on earth
If you want to be good at something, you must first be willing to be bad at it. That is why so late for this legend to arrive on this great platform. ❤❤❤
Why is this American DOG raghuram rajan involving in Indian matters?, send this dog back to america.
Vietnam workers are cheap? What nonsense is he saying?
@@laoxianmodi you go and see thier exports
@@laoxianmodi yes they are damn cheap. Lot of premium clothing and products are manufactured there and it is true.
@@nomadd27828 How can he say vietnamese are cheap
Everything Karl Marx said in his book "Capital" is correct. Economic inequality and poverty will increase if the capitalist is in possession of the scientific development. If the working class of the world dominates the scientific development, the people of the world will develop.
the knowledge of the interviewer is amazing. This has been very valuable
true gem of india
Quite right. Mr Goebbels. Repeat this mantra for a fortnight and then announce that since democracy no longer exists in India, the economy will crash soon unless we put Dog Shit (Pup Poo) on the throne
Brown sepoy dog of Soros & California is not called gem of India.
True shame of india
My take on incentives for Manufacturing would be that the support should be provided if by manufacturing, we bring down our imports, thus benefiting from improving the trade balance.
Our energy imports will rise, for sure, but we will get better at manufacturing things like what China is currently at.
देश का दुर्भाग्य है जो देश को साहेब जैसा प्रचारमंत्री और प्रधानमंत्री मिला है जय भारत
Tabhi desh ki growth itni achhi hai
Rest of the World dekh lo
Inflation badha hai india mai only in energy sector baki sb same hai
Shakti Kant dash ko jante ho
@@roshanrajput7559 इतिहास पढा हुआ रिजर्व बैंक का गवर्नर
बाकी वाट्स अप यूनिवर्सिटी में पढे लिखे प्रोफेसर है
@@roshanrajput75595.1 ka inflammation tumhe Kam lag rha hai to maaf karo😢
@@Inspector_Manish ek baar world ke baki country ka dekh lo
@@Inspector_Manish inflation tab bhi GDP se kaam hai it's mean all is well
wish we have these discussion on mainstream media in our local languages to make more people aware
This is Great Education at purest level ,Great Regards for RRR . India is missing greatly by utilizing this Leadership for our welfare .
I agree only in parts. India and its service industry will move forward and grow. This is higher-skill job and folks with access to skill up will leverage this. India has huge population and not all can get that level of skills - and for them, these manufacturing jobs are a must to make living.
He never said we don't concentrate on low-skill manufacturing. To maximise the value that we can deliver to global supply chains, we must divert atleast some funds towards knowledge based economy. Create better environment for r&d and design to stop brain drain. Since private companies are lagging still in terms of r&d coz they can get their tech from abroad, govt must lead r&d for the next 10 years atleast until it becomes cheaper for pvt sector to get their tech at home.
Indias economic growth started when BJP came into power. Corruption was reduced and there was focus to increase local production and export.
Fear of retribution is much more powerful than any democratic discussion -- even in office meeting BOSS is always right because he has key of my pay check . When Rs 1000 fine was introduced for not linking PAN with AADHAAR everyone started linking .. Former FM of Congress government gone on record saying digital commerce will not work -- Today Digital commerce of INDIA is worlds biggest .. Hence something doing right is everything -- NOT knowing alone
thats the fact...we r simly assembling things which are only 2 to 3 percent of its over all value
14:20 - 14:26 thank you for reminding ppl abt this. great talk sir.
Well said! India can grow faster into services and Covid has echoed the same thought in numerous examples and ways.
Indian's are trusted all over the world but only learned and well behaved Indians, so if we propagate literacy and knowledge, we are talking about consumption of more services in return. Let's not just focus on being the world's dustbin as a side effect of manufacturing but also focus on building our institutions of high pride.
Yes it is democracy and our very great PM Modi ji and our great Hindu Nationalist BJP that India economy doing so great. But it is most thanking of all sir Putin sahib our time-tested friend who selling to India very cheap price oil. While stupid west nations refusing to buy Russia oil, we India enjoying so much cheap oil and is why Bharat must continuing great support of the war crimings of Putin sir. God blessing you Putin sahib! Jai shree Putin!!!
Raghuram Rajan must be our FM in 2024
India needs people like Raghuram to lead India.
Ya that's why when he was governer we were getting doom😂😂
What was the position when he was RBI governor? In fact such people are good for lecturing. Practically he was not successful.
@@dilippatwa6574Present people are meant for ruining the economy. It’s an open book of Centre controlling Reserve Bank and judiciary. BJP is still bringing black money. Govt. is in a total disaster state.
An Anti-Indian is telling is how to run our Bharat Economy. What an Irony. 😒
Manufacturing embedded with the intellect .... this is the way forward towards the path of development.
Yes it is democracy and our very great PM Modi ji and our great Hindu Nationalist BJP that India economy doing so great. But it is most thanking of all sir Putin sahib our time-tested friend who selling to India very cheap price oil. While stupid west nations refusing to buy Russia oil, we India enjoying so much cheap oil and is why Bharat must continuing great support of the war crimings of Putin sir. God blessing you Putin sahib! Jai shree Putin!!!
Salute honorable former governor raghuraman rajan sir.i just remember those golden days of Indian economy before 2014. 🙏🙏🙏🙏🙏
Bangu assume the position.
Golden dYss 😂😂😂 tf ..you are joking. Are not you
@@bharatbhusandas4599 GobarCchap. Ajkal suna hai Gobar pe bhi GST lagi hai.
@@SophistRahul atleast gobar is sold in online platform like Amazon , but modi tere dimag m rahne k Lia gst dena ni pad rAha
@@bharatbhusandas4599 why need Amazon. I have dozens of shit for you in my syntax chamber.😂😂
Salute Mr. Raghu ram rajan ji
Vietnam workers are cheap? What nonsense is he saying?
Great you Rajan. You have given us much needed insight into where we are and which way is the preferred way to future. Salutes to you and thanks to you and newslaundry
Knķjkķ
Ìķj
Real Fact:- Common sense is often rare among experts. Ground level Plan on paper seems perfect to Babus sitting in AC Room.But, On ground, They are digging newly built roads.
Whatever He is saying only applicable to top 2 - 10% highly educated and skilled Indians