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संवाद # 164: How Narendra Modi corrected Manmohan Singh’s biggest mistake | Dr Samir Kagalkar
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- Опубликовано: 16 авг 2024
- An alumnus of IIMB’s prestigious doctoral program specializing in Corporate Strategy & Policy, Dr. Samir Kagalkar's education career has 24 years of experience spanning across Business, Society & Government domains.
He has a BA in Economics from National College Basavanagudi, Bengaluru and an MA in Economics from the prestigious Gokhale Institute of Politics & Economics, Pune. This was capped later on with a PhD from IIMB (Corporate strategy & Policy).
He has served in the Modi Govt (2016-2018) as Additional PS to Union Minister for Chemicals & Fertilizers. In specific, he worked closely on the Jan Aushadhi program, helping it scale massively. Currently he heads the Economic Cell of BJP Karnataka as its State Convener since 2020.
His other past engagements include: Heading Corporate Affairs at Ola,
Director of MIT SOG, Pune - mentored by TN Seshan, (Political leadership school), Chief Academic officer at Avagmah, an investee firm of Infosys’ Kris Gopalakrishnan, Banking Executive at HSBC, India.
He consults to various corporates on Public Policy & Corporate Strategy.
0:00 Promo
1:58 Intro
4:00 Why Modi didn’t introduce White Paper in 2014
7:33 Modi playing politics now on white paper?
9:18 Most shocking part of Manmohan-nomics
11:24 How to hide the fraud in plain sight
13:47 Modi’s Biggest achievement
14:56 But Modi failed on this front?
16:12 Govt spending on capex
18:30 Fiscal deficit - Modi Vs MMS
20:52 How Vajpayee helped MMS
23:37 Economist Vs Chaiwala
26:26 If UPA did scams, why Modi not sending them to jail?
28:31 MMS lucky but so is Modi?
32:03 Why farmers were happy under Manmohan
35:40 Policy paralysis of UPA
41:02 White paper is politically biased
44:26 This will be agenda for Modi 3.0?
47:59 Raghuram Rajan & Make In India
51:08 India’s dependence on China
53:37 When will India make next Google, Apple, Tesla
56:24 Why Congress is not countering White Paper
What an excellence of Dr Samir in clarity of expression of thought, argument, analysis, comparison, data, policy, strategy, appropriate quotations from epics, empiricism, conceptual framework ....Kudos. This is an extremely educative interview not only for policy makers but also for students of macro economics and public policy, as well as for newspapers. What a memory, what an intercomparison, what an economic interpretation. In sincere appreciation.
Bhai dhanyavad, this has been my favourite podcast channel since last year
Remote Controlled Robot PM vs Independent PM aisa title hna chahie
Manmohan ke pairoki dhul ke barabar nahi he modi
@@musafir123 kuch bhi bol le ayega toh modi hi
@@musafir123 Modi kya hai woh is mahan desh ki janta decide karegi. No more selected and powerless PMs for Bharat..!!
@@praveenp5281 evm kya ghas khayega fir
@@musafir123 Ok. Let the opposition take up this challenge, get the best tech experts from the world, and prove to the people of India and the global media that EVMs are manipulated. Phir EVMs ko ghas nahi mitti khiladena..!!
Osm setup bhai it's much needed. I found you one of the inteligent podcaster. Many are dumb in this field. But a good studio was the one thing you were lacking
I must tell I felt you were an excellent devil's advocate, instills a sense of clarity and sense that you're unbiased
i must say new studio is awesome...
Manmohan was a great economist but that’s different from being a PM. A PM has to be much more than an economist. Modi is a strong visionary leader who understands INDIA. Hope people of India vote wisely.
MMS has never proved to be a good economist.
Eg. He was chief financial advisor, when Indira Gandhi nationalise banks till it collapsed in 1989.
1991 liberalisation was compulsion not reforms. Yes, IMF made the policy.
If MMS was that good, he would have carried out further reforms, which he didnt.
2004-2007 growth was result of reforms & infra made during ABV.
Which was still poor compare to global growth.
2008 crisis was not managed, it was never required to manage as our economy was detached from global affairs & to make it worst he gave out high risk loan.
Guy was an overrated but decent bureaucrat, but a terrible politician.
Modi ne desh ko kaha duboya ye to anewale 10 sal me pata chalega
@@musafir123 hahaha
Manmohan.. Have 50 foreign degri.. And 75 medals.. But.. No.. Single road made in his tenure ...... And chaiwala just... M. A pass... External....he transform india.. In 360 degri.... 😄
Karz leke car lena makan banana ye koi bhi akalmand nahi karta he
@@musafir123 बेटे... अमेरिका और चाइना भी सबसे बड़े इकॉनमी के साथ क़र्ज़दार देश भी है.... किसी को मकान बनाने के लिए भी क़र्ज़ लेना पड़ता है समजा
@@pareshdave8800 america aur china ko jake dekh vaha koi tere jesa berojgar nahi milega
@@musafir123 बेटा मे बै रोज़गार नहीं हु.. तू है तुझे काम नहीं करना.. 😄
@@pareshdave8800 5 kg anaj khake apne papa ke paise se net bharvata hoga
Lifelong employed PM versus entrepreneur PM
I agree that November 8 demonetization damaged the Indian economy and it forced the Indian economy to digitise. that transitioning was not painless
But I have lived through UPA2 when prices of vegetables would increase by 30% every 2 months, So I disagree that Manmohan Singh was a better pm
What Pakistan is going through now is something similar India went through in upa2 when gdp growth rate was 5% with an inflation rate of 15%
It was very painful
I have seen many podcasts , but apke podcasts mai bhot hi gyaan vardhak or new aspect milta hai cheejon ke baare Mai , bhot gehrai se sochne per majbur krti hai cheejen,
Ek anchor ka quality of questions ke sath tyaar rehna bhot jruri hai taaki koi kuch bhi na bolker chla jaaye.
Bhot bdhia sir keep it up ,,,
Kafhi ache intellectual logo ko laaker aap ache perspective ko youth ke lie create kr rahe hai
Kuchh bhi? Koi comparision hain? Jinhone upa kaal dekha hain woh compare karne ki himmat bhi nahi karenge😂😂
Upa 2 most corrupted 💀
Incredible podcast bhai❤
Love from West Bengal 👃
Please call Kushal Mehra....
First comment to nahi ha Mera🤔
Bhai kushal aur arihant ka koi jhagada hai purana yeh baat bhi nahi karte 😂Kushal ne bola tha ek baar SSS podcast pe😅
वह ढोंगी कुशल न आये तो ही अच्छा है।
What will he talk abt ?
Why..?... He is a good guy...
UPA 2 was way worst than UPA 1 and NDA 2 is way better than NDA 1. That itself speaks volumes..
Dr.Manmohansing singh may number 1 ecomomist...but literally failed as PM....
Bit of a confusion... How do you manage sit in front 3kw light with a jacket ... So the room is severely cold but then the other guy is just wearing a shirt... What going on 😂😂😂😂
Incredible interview by Arihant as always. Asked some really sharp questions.
Unfortunately most of Dr. Samir's answers were not very convincing tbh
But our opposition parties are even worse😅
Modi ji doesn't have a finance minister. What happened on Nov 8th damaged the economy significantly...these two facts are enough to say who was a better PM
We are in top 5 economy MAJOR PSUS are in profit all sectors are growing people who hoarded black money are out of power
Just because you lost your black money it doesn't mean economy is destroyed check inflation reduction ,GDP growth after major pandemic then talk
I agree that November 8 damaged the Indian economy
But I have lived through UPA2 when prices of vegetables would double every 2 months, So I disagree that Manmohan Singh was a better pm
What Pakistan is going through now is something similar India went through in upa2 when gdp growth rate was 5% with an inflation rate of 15%
It was very painful
@@vikram.1090 bhakt bot, focus on the argument. How many jobs have been created so far? The rate of joblessness is at its highest. People like you have to poat comments to earn a living. The damage that this government has done will be visible in the next 5 years.
@@paulhall1612 what about the rate of joblessness? What about the price of cylinder which has trebled despite oil prices stabilizing and India getting Russian crude for less than $60 a barrel...?
@@Prayukth where is the data of highest unemployment can you share
Because it at its lowest if you just see the number of projects you can see the jobs created just govt jobs are not number of jobs if you don't want to do a lesser job and want govt job and be jobless it's not the fault of govt it's you
Have you seen the position of banks now go see that data
And if you had more accurate data you wouldn't have called me a bhakt
People give
Manmohan singh credit for economic reform and avoid contribution of Pv narsimha Rao who is real hero and kept his political equity at risk for liberalisation which was resister by whole left ecosystem .Manmohan singh was Cheif economic advisor in 1972
Secretary of finance 1976
He was rbi governor and member of planning commission prior to economic reforms of 1990 .So if economy of India was bad and in dire estate bfr 1990 then Manmohan singh was part of that system which was responsible for bad economic decieson
1992 to majboori thi IMF ki conditions thi isliye globalisation ke liye kadam uthane pade. Isme manmohan ho ya na ho wahi karna pada jo IMF ne kaha. Iska credit manmohan ko kaise jayega? Koi sense hain?
Stupid monmohan govt. Should have opened economy in 1980s and today we are 30 years behind china. Stupid economists
It's true manmohan singh was a very good economist lekin ye mat bhulna jis party mai wo te that was one of the reason behind india's economic breakdown not just once but many times
@@vilasosc very true .
Can you please provide the link to the whitepaper your are talking about. It also help viewers to do their own research on. Helps in building our own narration rather than just listening to people and be motivated to their thoughts
If we compare the economy from 2004-2014 and 2014 to 2024 we are more or else similar... We did well even after corona
because it is this channel which is asking the question 'Who was better | Modi Vs Manmohan' - i think i know what Dr. Samir's answer is !!! 🙂
Is NPA de-growth not because of bad bank and write--off by banks?
please invite sm indepenedent or non political speakers.... this guys all answers seemed very basic nothing wrong with it but there are ppl more analytical out there without agenda or mega opiniated egos rather than these who only caters to what PMO or deep state want to say ....
You can see raghuram rajan interviews who destroyed our economy and said economy will not grow more than 3% and Bharat growth you can see for yourself
@@vikram.1090Raghuram Rajan is not a "non-political" person.
He literally marched with RaGa.
independent of akal. Independent of intelligence, independent of commonsense 🤣
@syedbakeruddinbekar9433Only dependent of foreign , anti national, Chinese, jihadi, missiinary money 🤮
I did ten year farming during Congress and bjp term...farmer will never earn in this country...and Parties will always do politics...it. Is history and future ...
Go and check you man go and study the farmer and their family o have seen ma y farmers who ade in huge debt because of farmers are putting their life. and gett nothing at the end due to policies and also natural calamity.
Ask Dr Samir good question s and show him some respect pls.
Bhai ek interview Deep halder ke sath bhi kro plz plz
His stance on china is a flawed one... China is leaps ahead when it comes to technology and even gives a tough competition to the west
Lol... He's comparing Modi with weak remote control PM Manmohan Singh? Look at the level of corruption in UPA 2.0
Only imp thing which this govt should do is to abolish incom tax. Y tax only 2℅ people, wat logic is this. Instead apply a transaction or some other form of indirect tax so that every indian is taxed. Stop subsidies, these faltu lower strata people r only interested in increasing the number and making this country a dirty slum
3rd thing capital expedituer yes in upa is less interms of gov side. 2 sides are there in gdp one gov and 2nd private or fii. Why private and fii contribution is all time low. And such a massive capital expendituer then why from 2014 to 2020 gdp can not reach beyond 8%
Dont forget the slump during covid … FDI is coming in now . Also many FDI were banned since they were just investment for conversion nd terrorism nd anti natiinal activities .
Thumnail dekh kr I was like bhai ye neil dygress tyson ko kha se utha laye
😂
interesting discussion, but bhai white paper ka link description pe dal deta.
Bharat Akhand ho
Mms faltu tha. Open economy was initiated by swamy in chandra govt, he just followed it under pv govt
When they stop doing it we will realize ...all other get perks they never get
You never asked what happened to looted funds in Swiss, Panama, Lichtenstein, Dubai, Mauritius etc.. Modi promised to bring it back & Swiss agreed to co operate & gave a list that's with courts now... Nothing was done by either govt or courts to bring loot back.
Let's be honest no government has the guts to put a hand on black money
Ye bhaisahab ko mantri banna h kya?
Just accept the criticism, it's good to knowledge our weakness than undermining our adversary.
pure blah blah nothing else
Are Bhai Hindi mein bhi interview kar liya karo yaar koi subscriber hi kar de kuchh jankari hi mil jaaye yaar please
Blackpill 2??
Harvad degree bramand ke sabse aache economist 😅
L
NPA reductions means nothing, anchor should have asked him how much provisioning and write-offs were done to reduce the NPA. Common man ko kya pata chalega huh?. Some people know. But this is the discourse of the podcast these days. Super light stuff 😅.
NPA reduction is a major indicator of a growing economy. Tu RaGa ka sabjzi khale bhai.
@@deshkabhaloo well m a modi supporter but not a andabhakt. Try reading stuff.
@@RD-ol5ry you are a liberandoo. Embrace it.
@@deshkabhaloo That's why they call us sanghis. Tere jaise jahil jo hai hamare beech. Tu lagta dhruv rathi dekh k hi kaam chalata hoga bro. I deal in this stuff. I don't a f**k about others.
@@RD-ol5ry reading what stuff and why are you a modi supporter?
4th thing is a bulsheet if upa give money to farmer as to 60k cr. Modi give direct food suicide to pepelo round about 80 cr and load of economy 2l cr every year
One who right off 12 l cr from Bank but obviously gnpa falling down. Why he not given number in 2014. So it's simple maths. 2nd startup each of massive unicorn startup running in losses like byju pytm swiggy zomato😂😂😂😂
😂❤
Godi Media 😂
Piddi media wale aa gaye
Km a.k.l wale hi rahul ko psnd krte h
"Everything I don't like or agree with is either fascist or godi" - A child's guide to political discourse.
You watched a 58 minute video in 4 minutes? Amazing comprehension skills, or maybe mentally incapable instead. Good luck anyway, hope you find peace or... a piece of biscuit if that's what you prefer. ;)
scam ka scam bolna galat ha kya
Pappu bhakts aa gaye🤣🤣
9:28