Raghuram Rajan at ISB: On India's assets, challenges, and idea of 'developed, rich India by 2047' 

balaji chips are best say no to ruffles lays

Okay Andhbhakt!

He stopped giving predictions as it turns out people started questioning more and more now.

It’s always easy to say what could have been done. We shouldn’t forget india couldn’t even produce a pin at the time of independence

@@ub1961 😂 really lmao not even a pin

@@ub1961 Wow. as if the other economies like china were making smartphones

@@pinkpanther6228 China started as a manufacturing hub for the world whereas we have always been growing our manufacturing based on domestic consumption.

1947-91 was not a lost period because most of the best IITs,IIMs, DRDO,etc were built during this period which are still thriving

No, given a finite budget he is suggesting subsidies that will maximize gains. After all this is an optimization problem and not a matter of personal preference. We can not write off 35% child malnourishment or inadequate education as if it is the child's Karma. Malnourished kids will be permanently, mentally and physically stunted. We need to get the basics right(ex: value for life), and everything else including semi conductors will follow.

@@jamesrohangangavarapu9290 Your outlook is as lame as saying Bharat should build toilets before sending more rockets to space. If anything at all, Bharat needs to invest a lot more in bleeding edge technology and methods, while being mindful of those areas you highlighted. Stop being utopian. It's an abstract idea with no basis in reality as we know it - at least not for the foreseeable future.

​@@aryaman05 Your comment makes no sense. What he says is if we have 35% malnutrition, how can we have a good labour force in the coming decades be it manufacturing or services. We are not subsidizing the service sector. They are hiring because there is talent here. Why are we subsidizing the lowest end of manufacturing?

@@ragul3204 As others have observed, this bloke's comments are almost entirely cliched, i.e.: he's stating the obvious. Did you think GoI isn't aware of the importance of its Human Resource, or what needs to be done on the so-called 35% malnutrition thing ? Need some examples on 'lowest end of manufacturing' for a meaningful exchange. In any case, think of such support as stopgap measure while main project matures.

@@aryaman05 Our government is aware of it but instead of fixing it they sweep it under the rug because it is a shame to accept it. Assembling phones does not necessarily mean India will have a mobile phone company like Huawei in the future. It's not assembling phones but we are subsidizing it. It doesn't mean we will move up the manufacturing chain. Even today we can create a new mobile brand by just doing software and hardware design.

practicality is of no use if it is non-directional, for ascertaining/optimising on the best path, we need to include the suggestions of the academics... no superpower ignores its academics and those who do, the cease to be superpowers..

Right why are wasting time in Academics. We are born know it all anyway. Knows even english by birth.

So that's what your ITcell wanted you to type? L9l.

They never put boots on ground. He studied in IIT and then IIM but went to USA for work. So his experience is that of USA. Now he is making suggestions for India with little experience of real life. but ok. I wonder he was associated with RaGa yatra, then looks like he realized that he is not going to win, so started his own personal publicity.

Gadhe, fir america kyon ja rha c..ye..cherry picking kr ke kuch bhi bakwas kiya ja sakta hi..majority indicators ki baat kr..10 me se 6 chize kaha better hi..

I think the suggestions are cliches because most educated and smart academics give the same ones. Thus it is ours and the government’s role to take these into account and make decisions.

So you want him to suggest different things in every interview?

Developed countries have about 7 doctors per thousand population. India has 0.7. So, we need to have 9 million doctor jobs for developed status. Do this same assessment for nurses, police, firefighters, etc, and it soon adds up to hundreds of millions of children that need to be trained today if we are serious about developed country status in 20 years.

He is not an entertainer bro. Try to get your entertainment dose from someplace else

@@noirdezzir8424 False!!! the U.S. has fewer practicing physicians per capita - 2.6 per 1,000 people, compared to 4.0 in Italy and 3.9 in Spain

I don't think you know anything about semiconductors.

Nonsense! Please read up before posting.

@@ragul3204 oh really😏what damage has been done to our country by not venturing into manufacturing, who is answerable to that. He keeps on saying services but will it create inclusive growth, we are dependent on everything on China , tomorrow if something happens where is our industrial capacity.

@@drury2d8 oh really😏what damage has been done to our country by not venturing into manufacturing, who is answerable to that. He keeps on saying services but will it create inclusive growth, we are dependent on everything on China , tomorrow if something happens where is our industrial capacity.

​@@shilpa3032- you can always try Taiwan. The bottom line is that China is not a war-like nation. Look, 130 nations have China as their #1 trading nation. Don't let the Media & Political elites😢 fool you, China seeks friendly relations with all nations. Their history bears this out.

Andhbhakt ji

Sorry if he hurt your child ego, assuming what I know is true and all other possibilities are false, is sign of ignorance and stupidity. Do you disagree There are much economists than him.

We have a genius among us who knows more than RR

There are various economists in the world and India with an equal and/or greater calibre than Raghuram Rajan. But there aren’t many economists of his educational qualification and calibre who have held the post of the governor of the RBI who are willingly giving suggestions to improve the economics of our nation. And it is very weird to compare Modi to Raghuram Rajan, as we all know Modi has been elected by the people of the country to lead us as the prime minister, but it is also known that he doesn’t have the educational qualifications or most probably the sufficient knowledge of economics to be compared to Raghuram Rajan. Similarly Raghuram Rajan wasn’t placed in the rbi because he was elected but because of his competence in the space of the economics academia. And for the argument that there are millions of Raghuram Rajans but Modi is one among millions. If we say the Modi is one in a million, since the population of India is 1417 million there are 1417 alternatives to Modi in India, but roughly estimating, there will be less than 20 iit(madras/bombay/delhi) graduates in IIM Ahmedabad (on the higher side). So on considering for the past 50 years, there are still less Raghuram Rajans than modis. Now if we consider that he has a phd from a T10 university he becomes even rarer. 😅

haha.

What's he wrong about on the economy?

Bhakt trigerred

Obsessed with Rahul??

You do chinta.... Don't go into economy... Not your field of expertise

Do you understand economics?

Endia Alibaba grow 😂😂 😂

He is always given importance , that’s why Andhbhakts like you troll him . If you were truly educated, read the comments Nobel Laureates make on his papers . But I’m sure you’ll not be able to understand them.

When you have security threats, you can not depend on others. If China attack us in future and we need Chips (assuming China capture Taiwan) who will provide us the chips, all will start asking their cut or demand something ......this is why we need strong mfg base and also technology. This fool is not understanding this and promoting or Service led economy. Itna hi smart hota to PM nahi ban jata.

I was also thinking the same thing. I mean this country reached here with bigger malnutrition numbers and even worse economic indicators.

Roti means 2000 calories of food per day,kapada means 50 meters of stitched new per year, rozgarr is 300 days employment at 1000 rs per day, makan is shelter as birth right at 150 sq ft fsi at coc basis. America is going to declare shelter as right.after carona spacial segregation,social distance factored in housing within a shelter and between shelter. Another important advise is land is 2 dimension but shelter is three dimension. But trouble is we have 80 lac circle rates decided by state govt used in the or rather confused by rbi for taking as collateral value. Thus the problem is fixed by utility value of land . Meaning when any peace of land is given as collateral esp for banking system now onwards to arrive at space creating figure and arrive cost of construction rather rely on state circle rates. Thus means same fsi,same construction cost and same sq ft rate meaning we are ready for one nation one housing through the newly formed ministry of cooperation. This means 3 to 8 member dwelling priced at same rate,same ,specification all over country viz at 12,24,33 lacs we gets houses if 450,900,1200 sq ft shelter. So the guest speaker and students st esp ISB this called Dravidian model of eradicating shelterness universally. I am the co author of this concept. 42000 sq ft fsi at coc at 2500 rs per SQ ft is 15 trillions dollars as house with housing coupons through rera rbi for 35 cr households as fundamental right state wise, through a chief shelter commissioner,land comp bonds,first mortgage ,second mortgage bank,limited purpose construction banks,1,2,3, ... 8,9,10 rated construction banks. Mal nutrition answered the calories baseed revamped civil supplies. What amritya sen,Abhijeet bannerjee. Forgot reason for inequality and powerity is colonial method of value land but it is by valuing land by fsi index . Agri is zero fsi,barren land,and shelterable space creating land and so on. Happyness index to 1 from 136. Reg capacity 25 cr acre for Agri,10 cr acre for pre and post Agri,cattle,wind mills,solar etc and 609 de sal plants if 10 cr ltr per day,35 lacs acre 2.7778 fsi indexed land comp bonds GDP dies not matter,mortgages as a percent of GDP not accepted,density of population is wrong.....we are going to get 2 Nobel prize for economics and second for international understanding and peace. Let us debate,discuss. Let us switch to indifference curve based land valuation,,prof , Samuelson's revealed pref theory and prof Brahmananda semibombla ,leontiff input output, Pareto welfare principles.. we are theoritcally correct in our Dravidian model of eradicating shelterness universally. Just implemented. Let us see see BJP or Congress in their manifesto.

the need for having to feed 80 crore itself is a testament that there is wisespread poverty still

@@sidcoolguy7 yes you are right we need to seperate homeless and houseless,marginal titled,ever rent payers,first shelter seekers . Ministry of social welfare and ministry of cooperation,seperation of Agri and Agri related lands,barren lands,shelterable space creating land,33 year old structures as deemed barren land and so on we need a uniform central policy to be followed by all states is dravidian model of eradicating shelterness universally is what we want. Happyness index matters not GDP. Let us move to 1 from present 136.

One apple example he want negate power of manufacturing

1.4 billion, uneducated people in villages no less

Every big industry starts with small steps. Today you are assembling, tomorrow you will open more companies who will make other components, and slowly companies will also start designing them. Automotive, IT sector grew in same fashion. We were doing body shopping in mainframes, preparing reports and entering data for US companies. Now we are making S/w also. Auto companies were just doing assembly, now they are designing own cars. The component companies are also developed now. Same happen in defense, in power sector and will happen in Chip-Semi conductor industry also. This fool does not understand this. But yes we need to spend more in education and skilling. But for that first we need to create jobs.

Nice observation.

so true without any industry to absorb the highly skilled worker most IIT'ians will either move to USA for masters or prepare for UPSC

​@@user-uh1kp3kc3l it's hardly unlikely they will not get jobs here. It's just they want better lifestyle.

IIM Brand is better than ISB as ISB has big batch. Some professors in ISB are better than even IIMS and ISB guarantee better placement than many IIMs (fee is also almost double).

Abey ITcell ka mazdoor. Chal hatt!

IT Cell worker - go read about IT services , it thrived solely on the grit of entrepreneurs. No government did any investing - it’s a footloose industry . Now google all the terms before blabbering your useless opinion again

@@dapartyrokr congress cell worker I was talking about land and subsidies etc given by the government

⁠raaagu was a failure as rbi governor.. inflation at 10% NPA at 12% max loan defaults.. even the local shopkeeper is better than this con artist raagu!!

Our current RBI governor is doing a great job.... thousand times wiser than this sham

@@shssolutions6011 Definately bruh. Mr. Shaktikanta Das is a wonderful person. Most importantly under his leadership the RBI is keep on achieving things which are way superior than the predicted estimates. Huge respect for him🚀

..gotta admire his tenacity, as I'm yet to see any sizable list of favorable comments on him, and yet he doesn't stop presenting himself at all these worthless talks, well almost worthless.😂😂

Haan,Papa toh war rukwa di.lol.

Maybe because economics is not always rooted in ground reality. Professor took the proper approach in my opinion. The common man doesn't think about statistics or neo classical economy theory

Respectful dialogue with diversity (20 Crores) wd be welcome. Disrespect with othering may jeopardize, way forward.

And we want Modi and BJP mukt Bharat in 2024!!! Modi and his Gujarat lobby can go and create temples which is the only good thing they can do for the nation in name of development!!!

He served as RBI Governor?? Please do a fact check.

Today,Many CEOs of Big Indian MNCs are Of Tamil Origin,BUT, Many of them are UPPER-CASTE,Becoz DMK-AIDMK Discriminated against Upper Castes in Tamilnadu,They migrated to Mumbai, Bangalore, Ahemdabad,Gurugram,Delhi and Pune etc to Show their Talent and Became CEOs through Hard Work and Talent,Not through Reservations or Discrimination and Many Big Businesses in India are also Established by Gujarati Upper Caste Hindus,Marwaris, Jains and Parsis Becoz they had Entrepreneurial Culture and Even Today Modi Govt allowed 1 Lakh+ Startups to Rise, Everyone is building a Startup to Showcase their Talent and Create Employment and Build Indian Modern Industrial Base

Yes and that was the only prediction he got right. Everything else is just guesswork of the third order.

@@parikshitsharda4377- Read his papers you fool . Then you’ll understand the depth he has on finance and banking . But I’m sure you’re not educated to even go through them , let alone understand them

He wants INDIA to be dependent on China for supplies Because Rahul Gandhi has signed an MOU with China that if his govt comes to power he will discourage manufacturing in India and increase imports from China

He contributed to ISB . See where it is now . #1 in India and #30 in the world

Except he played as the governor of the reserve bank of India

@@nishie1 ⁠raaagu was a failure as rbi governor.. inflation at 10% NPA at 12% max loan defaults.. even the local shopkeeper can give better advise!

Except that this wisdom never dawns upon them when they are in the seat or have power.