They Made him . According to him 1 lac cr pli scheme is a burden on economy but Rahul's 7.2 lac cr NYAY scheme is very much justifiable. Such a hypocrite.
Handsome guy ...articulate. BUT.,.... ShaktiKanta Das fixed RRajan's mess... Gradual , and firm .// The incredible indiscriminate lending to rogue entities 2011 12 13 took 6 years to fix... Just look at the timeline of loan defaults , and rise of Non Performing assets. No Doubt Sonia / Chidambaram told RR what to do via Manmohan Singh.
We had so many RBI Governors, but only this gentleman gets more time in TV channels and journalists give hours together for his speeches. Very few of us are aware of retiree RBI Governors.
@@Babu-wy7nz previous guv weren’t so proactive. He’s tightened lending and recovering to business houses which prevented huge NPAs. The PM, GM were all knowledgeable, doing decisions were taken. Now it’s all rubber stamps everywhere
It’s so sad that he had taken political stand rather than objectively and neutrally evaluating policies. It was your wrong decision to appear with RaGa
@@thelmagodinho9701 he got a chance and he did zilch. So he should STFU and don't give unsolicited advice. Nobody cares a rats ass about what he says.
What about D Subba Rao ? ... RBI Gov // 2008 to 2013 ... Impeccable credentials... but did he do the country any good with all that reckless lending ...mandated by Sonia / Chidambaram. Subba Rao left in late 2013 ( A few months before 2014 Lok Sabha Elections ) with a huge mountain of NonPerforming assets
BD is unleashing her fire power before the elections...wanna take a bet? Nxt in line is Ram Guha,Hindu Ram,Medha patkar,prashanth bhushan,yogendra yadav,prannoy roy,Arundhati Roy,prakash raj, subramaniam swamy,satyapal malik and wrestler sakshi malik...by then elections will be over and Modi will be the PM and for BD this cycle will commence again..Never tire out BD ..keep going!!!!
My question to Mr Rajan that if he knew bank had bad loans why he adviced and opened his mouth during BJP regime. He had opporrunity from 2000 to 2014 as he claims he was somehow involved in advising. Now talking credit for clean up. Modi and his team were as soon as they took charge in 2014 and said in lok sabha that he had a option to bring white paper, world to know our banking status or try to live with and manage. He chose the later. So he is great but very biased.
@@Phoenixx-7585 Why the F Modiji have to answer to the Fkin goof up done by the EGO Rajan.. Instead he answered by Fking him out of RBI. and now Rajan is Fking Pappu the idiot !!!
Doctor Ranjan is one of the best educated and world renowed economist who has hold highly respected positions nationally and internationally. He brought some much neeedee reforms in time and did not tow to political pressure and did and say what was right.
Hit the nail on the head. But, with so much repetition, the remuneration should be downgraded from Rs 2 to 1.75. including 0.50 for long 'partnership' with the malware. Got an point to make? make it to the point? Not for the Rs 2@@DeccanPS
He would have been easily ceo of any of top companies in silicon valley by now .. earning in billions .. but he choased hard way .. he is still an indian and will be..always wanted to serve india in best way..
During his RBI reign, we faced double digit inflation, bad management of bank assets, taper tantrum, lesser reserves. He didn't open his mouth during UPA regime on Banks bad loans but kept on masking it until the Govt change. Majority of the bad loans were created by UPAs phone call banking which eventually the present Govt wrote off or waived after taking haircut. He is not a true economist. He is a politician pleasing his bosses. But his successors should be lauded for clearing the mess he and his Government created
Most funny thing he criticized modi government on assembly chains and pli scheme saying it won't create ample amount of jobs while supports and congratulates congress government who's only economic model was same old socialist policies lmao.
@@mdumairmdumair5183 who's the current one? And do you know that here Mr rajan is talking about pro industrialist and capitalist policies but during congress he was same old socialist guy
He had clearly explained the issue of Bad loans. i don't if you were listening to him when he talked about in the interview that it's not about the UPA time though it was between 2006 to 2008 (UPA years) but rather what was happening during that time - Euphoric brief financial crisis years and he goes to explain what that is and the global financial crisis and the slow down ...and not how to extract the loans and to push to recover and recognise what was the issue, and creating the structure. Love how he gives credit to his team about how they went about cleaning bad loans. (He does add more needs to be done in terms of Debt Recovery system where these big guys get away and small guys struggle). Talks about UPI and coming down of Inflation etc (all which you so conveniently ignore). Freeing up banking, bank branching etc
@@samuelsgeorge271 Why corporate loans were restructured for years even when there were no repayments. At whose behest it was done? Why the regulator failed in its job of identifying bad loans and managing inflation.
As the economics world mourns the passing of Prof. Solow, it is probably appropriate to focus on technology (including internet and related technologies) as the fulcrum of economic growth. In this sense Prof. Rajan’s emphasis on the service sector for India’s economic growth is right. Technological growth does not occur in a vacuum; it requires high class research departments both at universities and in the corporate sector, and an outcome based public sector. This will happen only if relentless efforts to achieve higher levels of quality is appreciated and respected in all walks of Indian life. What politicians should do is to create and solidify a structural (including legal) framework for this to happen.
Haan bhai let’s outsource the job of teaching our kids the value of quality to political leaders. As always, lazy Indian thinking - let’s outsource/delegate all the hard work.
On an average his 7 out of 10 predictions goes wrong all the time, and then he’s labelled as Rockstar Economists. I think the criteria is how much you criticise Modi Govt.
Possibly Raghuram Rajan & Barkha Dutt are both unaware of the New Educational Policy to make our youth 21st century ready. perhaps he should listen to the great talk given by Annamalai at I.I.T. Madras...
Manmohan Singh was an Ai prime minister with no vision.He followed the leaders of the western countries without any progressive agenda.He just kept India stagnant and happy.First time in the entire history of India the mighty chosen prime minister Modi genuinely believe in the potential and capabilities of the Indian nation.
I have heard Dr Subramanium Swami criticising Modiji ..many, many times...as well as others..without pulling back any punches..No action is being taken....So I feel his criticism of Rajaram...should have been taken with a pinch of salt...
Former RBI Governor Raghuram Rajan has simply exposed himself by denigrating India’s growth story on the basis of a minor one-quarter economic correction and using a malicious term coined to degrade the word ‘Hindu’. This, at a time when, despite global downturn, most global rating agencies have predicted a growth rate of 6.5 per cent for 2023-24 for India, more than twice the global average......
@flyingbee8188 what fruits are u enjoying really....unemployment rate is at 10% which alarming ...the only thing working for govt is religion and nothing else ...if u take out religion then they will lose all elections
@@arnabkundu3406So sorry to hear that you are unemployed. Instead of wasting your time on RUclips, you should get some education so that you can be gainfully employed.
Raghuram Rajan,slyly getting away by saying " don't call it the UPA years, call it the post financial crisis years" coz somehow a difficult situation justifies ,bad decision in favor of UPA
@@arnabkundu3406it is equally factually correct that they were UPA years. What's wrong if BD calls it that. Why should RR protest? To deflect his shortcomings/mistakes
Everyone has political inclinations. No-one, absolutely "no-one" is politically neutral. But professionalism is about keeping your political opinions on side and do the work. He is trying to accomplish something good for the country. Do you think if he said he supports Congress, BJP being ruling party would allow him to establish a world class university in India.
This character who masquerades as an economist is completely a politician… no job, a lot of free time to share holistic gyan and zero track record of of any tangible achievement as the governor of the RBI. My recommendation…. formally join some political party.
The funny part about this guy is He is giving example of Subramanyam swamy Abusing him, Today he is abusing modi as well did u see modi reacting to Him,
The use of word ‘rockstar’ for this individual is highly inappropriate. He has nothing worthwhile to show for TBH. The only thing he is famous for is his whining and tantrums once he was fired
Dr. Rajan's idea is to focus on human capital. His utopian idea that industry would come naturally if we have the skilled workforce doesn't happen unless there is favorable infrastructure. Instead those skilled workforce would move out of India for the job. There will be lot of brain drain. A student will study only when there's enough employment for him in that field, He would not think that if he is skilled, new industries would come for him. While I agree that PLI is not a panacea, what is really important is good infrastructure with good governance.
He was critical even with PC was FM. This’s professionalism they had difference of opinion. Look at today, can anyone even mildly have a difference of opinion with PM? IS THE PM an economist?
@prasadm5873 neither was PC ever PM of India nor was Modi ever the FM of India. If Raghuram Rajan was critical of the defacto UPA PM, Sonia Gandhi he would not have survived in Govt. even a day after such comments. The correct equivalent to PC is Nirmala Sitaraman. Not Modi. This is the problem with you guys. You love to give Modi more than the due importance in your own minds and then bad mouth Modi as though he was treating others are lesser mortals. Clear the clutter in your minds first.
@@natarajanbaradwaj3560 ur deliberately creating a narrative on what I wrote and then criticise it. It’s never difficult to identify a Bhakth nob matter how he tries to spin. In NDA there’s no number 2. Ex Gadkari all are dummies. NS like any other minister is dummy. All files are with PMO. PC and chidu had differences and if ur in the habit of reading newspapers then you’d know RR had his own mind and it was down to MMS/PC/RR on fiscal matters. YES SG will weild power eventually. But am thankful to her coz she did not make a dummy Gowda as pm chose someone of international repute. MMS was architect of transparency who put more power in citizens hands with RTI, CAG CVC EC( though she broke itv into three) being powerfully independent. The first thing NDA did was to dismantle these institutions to obscurity.
@@prasadm5873the proof of the pudding is in the eating. The common man sees more benefits in the last 10 years than ever before. People want Modi and his team in BJP back for a 3rd term in 2024. The writing is on the wall. You, the corrupt Congi kinpins of PC, the bar maid boss SG, your idiot poster boy Rahul and the spineless MMS can meet post election and plan your extinction to glory. Lets meet on this forum post General Election if you are still around along with dummy piece Mallikarjuna Kharge. As for RR, his knowledge on RBI guidelines is so shallow that he says there are no bankruptcy codes in RBI!!! You reckon RBI has been functioning for decades without guidelines on backruptcy matters? Who is he fooling? If so, aren't guys in UPA responsible for allowing RBI to run for decades without bankruptcy guidelines? RR has been the worst RBI Governor ever. It was Narasimha Rao with Subramanian Swamy's blueprint (and MMS was a figurehead RBI Governor then as he was a dummy PM later) who carried out economic reforms. Read the newspapers properly without tinted glasses.
Barkha please bring sanjeev sanyal he talks sense , this guy only has bookish knowledge and doesnt mention anything about technological changes and narrow AI
@@kameshsriram it was and even if rajani opposed it that doesnt make him great , even a broken clock shows right time twice a day . He was also RBI governor when congress gave our huge loans by corruption which lead to shadow banking crisis and meltdown of ILFS , also the inflation was in double digits when he was rbi governor during congress regime .
@@kameshsriram as if adani,ambani were poor before 2014 lol 😆 😂 🤣 . Both parties are same when it comes to crony capitalism. But atleast modi brought bankruptcy code which sold off the assets of defaulters and stopped the cycle of unlimited lending to defaulters based on political favors. Sure there is some amount of corruption but it is alot less than congress period when raghuram rajani was rbi governor . Do you even remember the double digit inflation during 2010to 2014 😭😭😭
Perfect interview between anti india vs anti hindu. Rajan is vaishnav and believes in one God only and only one goes against hindu ideology. Barkha no need to say pure india hater .
If Mr.Raghuram Rajan feels that iIndia need not be super power then why the hell he studied at IIT and IIM why not ordinary college in India. Some intellectuals after going abroad become stupid and talk nonsense .
Services and manufacturing will be automated by narrow AI and other technologies, so incase if we have manufacturing then we can save foreign reserve, tax the companies to provide welfare for citizens , we can also avoid balance of payment crisis if we have manufacturing sector along with services and good education as the services sector could collapse bcoz of narrow AI so services companies won't exists within india but😮 manufacturing companies will exists after implementation of Narrow AI . His ideas are😅 impractical with future . I am so thankful nobody in the government listens to him . 😂😂😂😂
The hate for educated ones is real in India. Go ratta when Babar died to become rbi governor. Just stop talking credit because educated once leave and join as CEO.
Jab office me raho to sab changa hai, pata nahi retirement ke baad hi sabka zameer kyon jaagta. Jab duty me the tab kyon nahi bola.....but reality yahi hai ki ghanta fark nahi padta aise logon ke bolne se. Lalantop me to is e ye tak bol diya ki black money kyon pakad rahe ho, election ladne me dikkat aa raha congress ko. Ab aise logon se kya hi expect kare
I have seen many rbi governors and also see other countries' governors but they weren't involved in any political party meeting and rally but it happened only in India in previous years. how could I give credibility for this manner.
A decent man with great credentials. There will always be detractors no matter how well intentioned and honorable one is! Only thing one can do is hold your head high and walk straight. God bless!
The irony is that all the major economic decisions in Modi's current term were taken under the advice of his prodigy and ex-Chief Economic Advisor Dr. Krishnamurthy Subramanian. Barkha please get Dr. Krishnamurthy Subramanian too on the show.
This man has no training in macro economics nor did he worked in macro economics but was made the governor of rbi of the biggest developing country . IAS lobby works really well.
Well, how about Smrithi Irani becoming education minister, does she have academic credentials. How about the present Finance Minister? When reporters ask her if the price of onion is increasing - her reply is 'I don't consume onions'? The tax for women's hygiene products is more? the reply from her is there are cheap alternatives - let them use it. At least he is better than the present FM for sure.
big example of corruption by politics- Under Raghuram's watch, UPA government issued so much riskly loan to politicians, friends and later on those loans became NPA(non performing assetts) ,so they did loan forgiveness ....... So loan forgiveness for friends/family who ultimately gave lots of hawala money to politicians. Money sitting in swiss, caribbean banks..... shame on him.
This guy was acting too smart...getting comfy sitting on the laps of the Congress and left wing media....someone had to put him in place..and that exactly what happened..
It wasn’t merely an economic exercise but utilization of power to attract the name of Mr. Modi to the people at large. Could any body fail to remember his name after standing in a long cue? Modi of Gujarat became Modi of India , that is Bharat. Those in line thought that rich people who boasted of huge wealth shall be brought down to their level if black money was recovered. This was not going to happen. It did not happen but political propaganda prevailed and now he is in unimpeachable position and in the meanwhile rich became richer. If demonetisation was a successful, Modi ji would have claimed that fact in his election speeches. This test reveals that it was a disaster.
Demonetization along with digital transactions had two main goals: - unearth black money and move people from cash transactions. It largely succeeded on both. Not all of the black money has been unearthed, but a good portion has - disrupt and stop the printing of fake currency from Pakistan and other external elements. This was a big success. Terrorist fundings were squeezed out, and Kashmir has now returned to normalcy with very little terrorists actions because they funding has stopped. All in all - short term pain, long term gain
@@mkjayakumar Cost of demonetization was very big when compared to benefits from it. 1. We don’t need demonetization to increase digital transactions. As the technology advances, people would adapt to it. The same is happening now. 2. Fake currency problem could be addressed by gradually exchanging the currency with new currency. Main goal of demonetization was to remove black money. It failed horribly in its goal
Whatever he said so far about India, didn't happen and happened just opposite. India is growing faster than any other countries in the world, because of the good decisions and reforms were done by the current BJP Govt. Thank God this guy was not a RBI governor.
Dr Rajan is a resident of Chicago and that is where his loyalty lies. It does not matter whether he has an Indian passport with US Green card or US passport with an OCI.
Sir can u elaborate of ur decision of printing 10 thousand rupees note in 2012 when u r governor of RBI and when india was one of the proud member of fragile 5 economy......was it ur genuinenely ur idea or someone forcing u to do it
The same Rockstar was RBI governor when huge amount of NPA was accumulated which let to shadow banking crisis and the inflation was in double digits while the economy was known as "fragile five" .
HE is a very Good friend of Rahul Gandhi, he is a very good congress supporter and he left RBI Governor on advice given to him by Rahul Gandhi or congress, he is more Like a congress spokesperson
Rajan may have done a few good things , but it's nobody's but his that was keen to be in news not for his accomplishments as an economist but as a poltically biased bureaucrat known for taking ideological positions that echoed the congress party. His merits as a scholar were never really apparent and his own public posturing was always political. So BJP voters lost respect for him
He took positions for what he believed in ...and if it aligns with the congress at this moment then that's not his problem...he is against hindutva and dividing the country on religious lines...which the BJP is doing right now to win elections ...one major factor why BJP wins elections is polarization...if they have worked so hard then why can't they just win elections based on that so called development...why they have to give out freebies to people to wins elections
all respect I had for this former RBI governor has gone considering his biased, political views with total lack of evidence and certainly did not behoove a former RBI governor. I stay from so called experts these days as they always seem to have an agenda
Was it not this great economist who recommended printing 5000 notes? Did this economist say “ gst was not implemented in a proper way? The same economist said demonetisation is a blunder. UPI will not be a success in a country like India. But now I say that now we have a history graduate RBI governor and an ordinary jnu pg fron jnu as FM.
He is no rockstar economist. Predicting recession from 2014 every year with 0% accuracy. It's the holiday season in the West and he is again giving screen tests for the finance ministry post-May 2024. But, that movie is never going to be made.
Useless economist. He doesn't know how economy and human psychology works. Raghuram is a bookworm. Bookworm and entrepreneur both are different. Bookworm people are not useful for development of any country.
Subramanian Swamy criticism and Govt not backing him is reason why he walked with Raul.. he wanted to be fighter pilot and all his predictions on markets were wrong...😂🤣😂🤣
When ever THE FAMILY needs Raghuram comes out and starts negative propaganda. This great economic genius gave suggestion to Karnataka government for free bus for women. KSRTC was top in India, but now they completely destroyed. Where ever congress party rules they destroy economic development. This will become burden for taxpayers and creating mini “air India’s “ in each state they will rule. Now same fate for TSRTC also.
![Stromae, Pomme - “Ma Meilleure Ennemie” (from Arcane Season 2) [Official Visualizer]](http://i.ytimg.com/vi/1F3OGIFnW1k/mqdefault.jpg)
How did he and since when did he become a Rockstar Economist???
They Made him . According to him 1 lac cr pli scheme is a burden on economy but Rahul's 7.2 lac cr NYAY scheme is very much justifiable. Such a hypocrite.
Handsome guy ...articulate. BUT.,....
ShaktiKanta Das fixed RRajan's mess... Gradual , and firm .// The incredible indiscriminate lending to rogue
entities 2011 12 13 took 6 years to fix... Just look at the timeline of
loan defaults , and rise of Non Performing assets.
No Doubt Sonia / Chidambaram told RR what to do via Manmohan Singh.
@@ganeshdoreTrue. S Das is the real rockstar economist
When he had to leave RBI because of political intference
@ganeshdore what mess?
We had so many RBI Governors, but only this gentleman gets more time in TV channels and journalists give hours together for his speeches. Very few of us are aware of retiree RBI Governors.
Almost all RBI governors got second term ex RR he was probably the best we ever had. But Modi won’t tolerate an independent mind, that was RR nemesis
No option left.. He and her.. All have different interests and never work for the country's interests, only Secularism comedy
@@prasadm5873Biscuits seem to be flowing from Karnataka for Pidi-Chamchas😂 Keep licking😂
@@prasadm5873 Hi, what is best definition and criteria? On What parameters he performed best against other RB Governors??
@@Babu-wy7nz previous guv weren’t so proactive. He’s tightened lending and recovering to business houses which prevented huge NPAs. The PM, GM were all knowledgeable, doing decisions were taken. Now it’s all rubber stamps everywhere
It’s so sad that he had taken political stand rather than objectively and neutrally evaluating policies. It was your wrong decision to appear with RaGa
He has lost all credibility
So what you expected him to be with the capital D. And BJP.
@@thelmagodinho9701 he got a chance and he did zilch. So he should STFU and don't give unsolicited advice. Nobody cares a rats ass about what he says.
@thelmagodinho9701
@thelmagodinho9701
We want a classical and dependent honest Economist and not Rockstar!
He is not both
he is both
He is no longer an economic professional, but now JUST A CONGRESSE CHAMCHA....
What about D Subba Rao ? ... RBI Gov // 2008 to 2013 ... Impeccable credentials... but
did he do the country any good with all that reckless lending ...mandated by Sonia / Chidambaram.
Subba Rao left in late 2013 ( A few months before 2014 Lok Sabha Elections ) with a huge mountain of NonPerforming assets
Like you are a BJP Chamcha - He is way smarter than you so please don't make stupid comments just to make a Comment!
BD is unleashing her fire power before the elections...wanna take a bet? Nxt in line is Ram Guha,Hindu Ram,Medha patkar,prashanth bhushan,yogendra yadav,prannoy roy,Arundhati Roy,prakash raj, subramaniam swamy,satyapal malik and wrestler sakshi malik...by then elections will be over and Modi will be the PM and for BD this cycle will commence again..Never tire out BD ..keep going!!!!
spot on. its not fire power. Its a list of Losers.
😂
Hafeez Saeed possibly
Sadly no repetition of Neera Radia for BD in BJP rule.. 🤪
Add Bilawal Bhutto and George Soros to the list.
Rajan is sn advisor to TN Govt too. You should have asked him what were his advice to them which were accepted & implemented.
Excellent point. I always wonder why no one asks this question.
My question to Mr Rajan that if he knew bank had bad loans why he adviced and opened his mouth during BJP regime. He had opporrunity from 2000 to 2014 as he claims he was somehow involved in advising. Now talking credit for clean up. Modi and his team were as soon as they took charge in 2014 and said in lok sabha that he had a option to bring white paper, world to know our banking status or try to live with and manage. He chose the later. So he is great but very biased.
AQR was started before 2014
Pl chk up
This is sangis view sucking a wicked modivgovt.
@@MrAntonysimon This is old monk Congiman known to suck anyone in the name of pappu.
@@Phoenixx-7585 Why the F Modiji have to answer to the Fkin goof up done by the EGO Rajan.. Instead he answered by Fking him out of RBI. and now Rajan is Fking Pappu the idiot !!!
@@MrAntonysimon Says the devoted PAPPU follower .. keep barking.. :0)
A politician operating under the veneer of journalism interviewing a politician operating under a veneer of a banker. Wonderful.
Spot on 👌👌👌
What a precise words
90😂@@Rocky-tq7ep
Its definitely better than an politician operating under the veneer of an economist, science expert etc which our PM does very well
Well said 💯
Doctor Ranjan is one of the best educated and world renowed economist who has hold highly respected positions nationally and internationally. He brought some much neeedee reforms in time and did not tow to political pressure and did and say what was right.
"Environmental clearances" stopping projects...no mention of massive corruption
Tried to.
Stop Demo.
Massive corruption?
No convictions to date and therefore, slander.
Ask anyone if corruption has increased or reduced?
Never expect honesty and integrity from Chamchas.
Hit the nail on the head. But, with so much repetition, the remuneration should be downgraded from Rs 2 to 1.75. including 0.50 for long 'partnership' with the malware. Got an point to make? make it to the point? Not for the Rs 2@@DeccanPS
Jayanti tax
He would have been easily ceo of any of top companies in silicon valley by now .. earning in billions .. but he choased hard way .. he is still an indian and will be..always wanted to serve india in best way..
During his RBI reign, we faced double digit inflation, bad management of bank assets, taper tantrum, lesser reserves. He didn't open his mouth during UPA regime on Banks bad loans but kept on masking it until the Govt change. Majority of the bad loans were created by UPAs phone call banking which eventually the present Govt wrote off or waived after taking haircut. He is not a true economist. He is a politician pleasing his bosses. But his successors should be lauded for clearing the mess he and his Government created
Most funny thing he criticized modi government on assembly chains and pli scheme saying it won't create ample amount of jobs while supports and congratulates congress government who's only economic model was same old socialist policies lmao.
Appreciating congress that what pinches you now we have RBI governor with a masters in history 😂😂😂
@@mdumairmdumair5183 who's the current one? And do you know that here Mr rajan is talking about pro industrialist and capitalist policies but during congress he was same old socialist guy
He had clearly explained the issue of Bad loans. i don't if you were listening to him when he talked about in the interview that it's not about the UPA time though it was between 2006 to 2008 (UPA years) but rather what was happening during that time - Euphoric brief financial crisis years and he goes to explain what that is and the global financial crisis and the slow down ...and not how to extract the loans and to push to recover and recognise what was the issue, and creating the structure. Love how he gives credit to his team about how they went about cleaning bad loans. (He does add more needs to be done in terms of Debt Recovery system where these big guys get away and small guys struggle). Talks about UPI and coming down of Inflation etc (all which you so conveniently ignore). Freeing up banking, bank branching etc
@@samuelsgeorge271 Why corporate loans were restructured for years even when there were no repayments. At whose behest it was done? Why the regulator failed in its job of identifying bad loans and managing inflation.
From economist to a meme
How to lose your credibility can be learnt from Raghuram Rajan .
As the economics world mourns the passing of Prof. Solow, it is probably appropriate to focus on technology (including internet and related technologies) as the fulcrum of economic growth. In this sense Prof. Rajan’s emphasis on the service sector for India’s economic growth is right. Technological growth does not occur in a vacuum; it requires high class research departments both at universities and in the corporate sector, and an outcome based public sector. This will happen only if relentless efforts to achieve higher levels of quality is appreciated and respected in all walks of Indian life. What politicians should do is to create and solidify a structural (including legal) framework for this to happen.
Our goal should be to turn all our youngsters as bright as Sri Rahul ji, RR's political and moral leader.
@@PS-ej2xnkeep your goals to yourself and your ilk to have a fool like rahul gandhi.
😂
Haan bhai let’s outsource the job of teaching our kids the value of quality to political leaders. As always, lazy Indian thinking - let’s outsource/delegate all the hard work.
Appreciating congress that what pinches you now we have RBI governor with a masters in history 😂😂😂
Leadership is making things work and not making predictions work!
The Man who wanted to print 5000 and 10000 rupees notes. GREAT.
You got this information on WhatsApp?
@@adity126 what do you mean
You seem a nursery kid, you are half informed, he was to print said denominations with micro nano chips. WhatsApp not taught you this fact?
@@rajkamal9257 he wanted to make India Zimbabwe.
He want to became Finance Minister of India and want to loot India and go back to Chicago. George Soros puppets 😂😂😂😂
Burkaji a good interview. Thank you.
Economist who wanted to ruin Indian economy and blame it on BJP became a rock star😂😂😂
On an average his 7 out of 10 predictions goes wrong all the time, and then he’s labelled as Rockstar Economists. I think the criteria is how much you criticise Modi Govt.
This guy has been promoted from former Reserve Bank Governor to current Rahul Ghandy Stooge!
Correct
Oh Wow....people died standing in long queues despite RBI warning ...print notes first....did u see that?
Ordered the book
Rockstar 😂. He was kicked out from US University, that’s why trying to make money from Indian politics 😂
Ha,ha,congress and medias super economist who allowed italian mafia to loot😅😅😅😅
JFYI this guy claimed aadhar and jandhan won't work. So claiming he is some crazy good guy is stupid.
Possibly Raghuram Rajan & Barkha Dutt are both unaware of the New Educational Policy to make our youth 21st century ready. perhaps he should listen to the great talk given by Annamalai at I.I.T. Madras...
Policy is on paper. All policies are great on paper.
@@jayantabsarmaplease awake. BJP led States have already started implementation of NEP
Hahaha, the illiterate PM and his 21st century lies
Forgot to mention with Ram Lala being put in the right place will guide the humanity for the rest of this millenia.
Manmohan Singh was an Ai prime minister with no vision.He followed the leaders of the western countries without any progressive agenda.He just kept India stagnant and happy.First time in the entire history of India the mighty chosen prime minister Modi genuinely believe in the potential and capabilities of the Indian nation.
Ok go and drink Goumutra
Well spoken 🎉🎉🎉🎉
What's wrong with having an Indian passport? Why such a question?
Glad he was removed as RBI Governor .... he should learn from people like Mr Shaktikanta Das
Both are Comedians from different fields😂
I have heard Dr Subramanium Swami criticising Modiji ..many, many times...as well as others..without pulling back any punches..No action is being taken....So I feel his criticism of Rajaram...should have been taken with a pinch of salt...
Former RBI Governor Raghuram Rajan has simply exposed himself by denigrating India’s growth story on the basis of a minor one-quarter economic correction and using a malicious term coined to degrade the word ‘Hindu’. This, at a time when, despite global downturn, most global rating agencies have predicted a growth rate of 6.5 per cent for 2023-24 for India, more than twice the global average......
Why India, if doing good, is doing good? Mere coincidence or someone piloting? Who is that pilot? Why exactly did he do?
@@jayantabsarma Why? Do you want to give that person the Bharat Ratan? Just chill and enjoy the fruits of this government! 🙂
@flyingbee8188 what fruits are u enjoying really....unemployment rate is at 10% which alarming ...the only thing working for govt is religion and nothing else ...if u take out religion then they will lose all elections
@@arnabkundu3406So sorry to hear that you are unemployed. Instead of wasting your time on RUclips, you should get some education so that you can be gainfully employed.
precisely my thoughts...unemployed people wasting time on internet listening to a doomsday prophet...
BD not a trust worthy person. Such good actors. Rock star economist????? Indeed a joke.
Raghuram Rajan,slyly getting away by saying " don't call it the UPA years, call it the post financial crisis years" coz somehow a difficult situation justifies ,bad decision in favor of UPA
What else do you expect from a Chamcha? 😂
it was the post financial crisis years ....what is wrong in this statement can u tell ...is it not factually correct...
@@arnabkundu3406it is equally factually correct that they were UPA years. What's wrong if BD calls it that. Why should RR protest? To deflect his shortcomings/mistakes
@@arnabkundu3406 same people were saying something different during COVID
This man seems to be a shifty character!
Hahahaha
Bang on ...
Just like you
He is politically allied with the Congress but pretends to be neutral.
Everyone has political inclinations. No-one, absolutely "no-one" is politically neutral. But professionalism is about keeping your political opinions on side and do the work. He is trying to accomplish something good for the country. Do you think if he said he supports Congress, BJP being ruling party would allow him to establish a world class university in India.
It doesnt matter what his political bias is..what matters is the points that we could take from
WHY always Pick BJP critics ?
This character who masquerades as an economist is completely a politician… no job, a lot of free time to share holistic gyan and zero track record of of any tangible achievement as the governor of the RBI. My recommendation…. formally join some political party.
Only a “Rockstar Journalist” could pat a “Rockstar Economist”. The sensibles can only find them as “Rock-heads”.
The funny part about this guy is He is giving example of Subramanyam swamy Abusing him, Today he is abusing modi as well did u see modi reacting to Him,
The use of word ‘rockstar’ for this individual is highly inappropriate. He has nothing worthwhile to show for TBH. The only thing he is famous for is his whining and tantrums once he was fired
Why don’t you interview the real RBI governor Shashikant Das?
He won’t give his time because he has nothing to promote
Wisdom, education and healthy atmosphere one is brought in up, gifts the nation rarest of rare “Raghuram Rajan.” 🥀🙏🏼🥀
Best example of a mcauley product with leanage leftist with all his economic predictions are wrong..
😂😂
Forbearance...allowing crooks to get away..
Agree with his views on Swamy!
Dr. Rajan's idea is to focus on human capital. His utopian idea that industry would come naturally if we have the skilled workforce doesn't happen unless there is favorable infrastructure. Instead those skilled workforce would move out of India for the job. There will be lot of brain drain. A student will study only when there's enough employment for him in that field, He would not think that if he is skilled, new industries would come for him. While I agree that PLI is not a panacea, what is really important is good infrastructure with good governance.
This is his assumption that the company's would come by itself. This would not happen
Good observation
Now that Raghuram Rajan is an unofficial advisor for Rahul as has become an anti Modi activist .Probably looking for a RS seat from Congress.
He was critical even with PC was FM. This’s professionalism they had difference of opinion. Look at today, can anyone even mildly have a difference of opinion with PM? IS THE PM an economist?
@prasadm5873 neither was PC ever PM of India nor was Modi ever the FM of India. If Raghuram Rajan was critical of the defacto UPA PM, Sonia Gandhi he would not have survived in Govt. even a day after such comments. The correct equivalent to PC is Nirmala Sitaraman. Not Modi. This is the problem with you guys. You love to give Modi more than the due importance in your own minds and then bad mouth Modi as though he was treating others are lesser mortals. Clear the clutter in your minds first.
@@natarajanbaradwaj3560 ur deliberately creating a narrative on what I wrote and then criticise it. It’s never difficult to identify a Bhakth nob matter how he tries to spin. In NDA there’s no number 2. Ex Gadkari all are dummies. NS like any other minister is dummy. All files are with PMO. PC and chidu had differences and if ur in the habit of reading newspapers then you’d know RR had his own mind and it was down to MMS/PC/RR on fiscal matters. YES SG will weild power eventually. But am thankful to her coz she did not make a dummy Gowda as pm chose someone of international repute. MMS was architect of transparency who put more power in citizens hands with RTI, CAG CVC EC( though she broke itv into three) being powerfully independent. The first thing NDA did was to dismantle these institutions to obscurity.
@@prasadm5873the proof of the pudding is in the eating. The common man sees more benefits in the last 10 years than ever before. People want Modi and his team in BJP back for a 3rd term in 2024. The writing is on the wall. You, the corrupt Congi kinpins of PC, the bar maid boss SG, your idiot poster boy Rahul and the spineless MMS can meet post election and plan your extinction to glory. Lets meet on this forum post General Election if you are still around along with dummy piece Mallikarjuna Kharge. As for RR, his knowledge on RBI guidelines is so shallow that he says there are no bankruptcy codes in RBI!!! You reckon RBI has been functioning for decades without guidelines on backruptcy matters? Who is he fooling? If so, aren't guys in UPA responsible for allowing RBI to run for decades without bankruptcy guidelines? RR has been the worst RBI Governor ever. It was Narasimha Rao with Subramanian Swamy's blueprint (and MMS was a figurehead RBI Governor then as he was a dummy PM later) who carried out economic reforms. Read the newspapers properly without tinted glasses.
Last portion post 42:00 min onwards is a gem of insight shared, which even I have felt 😢 hope ppl realize it
Barkha please bring sanjeev sanyal he talks sense , this guy only has bookish knowledge and doesnt mention anything about technological changes and narrow AI
No way. He is too important to get panauti'd
Don’t you agree that demonetization was a disaster? Rajan recommended against it
@@kameshsriram it was and even if rajani opposed it that doesnt make him great , even a broken clock shows right time twice a day . He was also RBI governor when congress gave our huge loans by corruption which lead to shadow banking crisis and meltdown of ILFS , also the inflation was in double digits when he was rbi governor during congress regime .
@@nobody4u77 lol! How Adani industries has grown so big in last 10 years ? Check their books. Lots of debt from PSUs
@@kameshsriram as if adani,ambani were poor before 2014 lol 😆 😂 🤣 . Both parties are same when it comes to crony capitalism. But atleast modi brought bankruptcy code which sold off the assets of defaulters and stopped the cycle of unlimited lending to defaulters based on political favors. Sure there is some amount of corruption but it is alot less than congress period when raghuram rajani was rbi governor . Do you even remember the double digit inflation during 2010to 2014 😭😭😭
Rock star economist
He could not predict GDP growth
He predicted the 2008 Financial Crisis. He is not a gambler like you to have predicted India's GDP for reasons you will know well.
Touching on specifics & to-be specific r two different things!
Perfect interview between anti india vs anti hindu. Rajan is vaishnav and believes in one God only and only one goes against hindu ideology. Barkha no need to say pure india hater .
If Mr.Raghuram Rajan feels that iIndia need not be super power then why the hell he studied at IIT and IIM why not ordinary college in India.
Some intellectuals after going abroad become stupid and talk nonsense .
'Boom & Bust cycles' ...nothing to do with UPA years or phone banking! There's many a slip between power and the lip.
Some where in the whole of the interview it shows on his face a little pain the way he was departed from the previous government
He would have done for bankruptcy code much earlier
In the mkt some agency, corporate to grab him. Misleading the public to trust and believe his utterances, no takers for both.
Raghuram Rajan wrecked entire banking system as RBI governor: Rajeev Chandrasekhar
@@s_a_r_a_t_s He is a real life entrepreneur who built a real business and not teach theory in some stupid overrated college.
G8 economist with zero clue about how economics work😂😂
Services and manufacturing will be automated by narrow AI and other technologies, so incase if we have manufacturing then we can save foreign reserve, tax the companies to provide welfare for citizens , we can also avoid balance of payment crisis if we have manufacturing sector along with services and good education as the services sector could collapse bcoz of narrow AI so services companies won't exists within india but😮 manufacturing companies will exists after implementation of Narrow AI . His ideas are😅 impractical with future . I am so thankful nobody in the government listens to him . 😂😂😂😂
Hope Parents' teaching is kept in tact for....!
Utterly agree
The hate for educated ones is real in India. Go ratta when Babar died to become rbi governor. Just stop talking credit because educated once leave and join as CEO.
@@saurabhdixit1987 so now I can't speak facts ??? this is already mentioned in mc kinsey report . please speak on facts and not on feelings .
Moment you tax them, they will leave....hahahaha
Now he wants to take credit for UPI which is a runaway success without contributing much to it. Desperate times to sell a book?
Jab office me raho to sab changa hai, pata nahi retirement ke baad hi sabka zameer kyon jaagta. Jab duty me the tab kyon nahi bola.....but reality yahi hai ki ghanta fark nahi padta aise logon ke bolne se. Lalantop me to is e ye tak bol diya ki black money kyon pakad rahe ho, election ladne me dikkat aa raha congress ko. Ab aise logon se kya hi expect kare
HE WOULD HAVE DONE BETTER AS AN ENGINEER!
Frustrated so called journalist taking interview of so called economist ,who had ruined indian economy during his tenure as RBI governor.
and you are nobel prize winning economist 😂😂😂😂
I have seen many rbi governors and also see other countries' governors but they weren't involved in any political party meeting and rally but it happened only in India in previous years. how could I give credibility for this manner.
he was not the RBI governor when he met RG during the bharat jodo yatra.....and he does's need the credebility of a troll on the internet
Subramanian Swamy made this guy wet his pants 😂😂😂😂😂
Why does he have a green card when he loves India so much 😂😂😂😂
A decent man with great credentials. There will always be detractors no matter how well intentioned and honorable one is! Only thing one can do is hold your head high and walk straight. God bless!
He should be accountable for downfall of economy. He can't escape from responsibility, he was not a clerk in rbi😮
The irony is that all the major economic decisions in Modi's current term were taken under the advice of his prodigy and ex-Chief Economic Advisor Dr. Krishnamurthy Subramanian.
Barkha please get Dr. Krishnamurthy Subramanian too on the show.
RAJAN HAD BEEN SHAMELESSLY KICKED OUT OFF INDIA BY MODI...SHAMELESS RAJAN..SHOULD NOT TALK ON INDIA
This man has no training in macro economics nor did he worked in macro economics but was made the governor of rbi of the biggest developing country . IAS lobby works really well.
Well, how about Smrithi Irani becoming education minister, does she have academic credentials. How about the present Finance Minister? When reporters ask her if the price of onion is increasing - her reply is 'I don't consume onions'? The tax for women's hygiene products is more? the reply from her is there are cheap alternatives - let them use it. At least he is better than the present FM for sure.
big example of corruption by politics- Under Raghuram's watch, UPA government issued so much riskly loan to politicians, friends and later on those loans became NPA(non performing assetts) ,so they did loan forgiveness .......
So loan forgiveness for friends/family who ultimately gave lots of hawala money to politicians. Money sitting in swiss, caribbean banks.....
shame on him.
Good evening Sir Formar RBI governor of India and others here..
No one can say HOW Urjit Patel signature was on when 2000 notes print😮 started whem Rajan was still Gov of RBI
Walking with a Congress leader/prince doesn't keep you independent of the Congress party.
Good to be honest and to admit.
But it's not like a trip with billionaire
atleast he was not flying with a billionaire in his private jet
This guy was acting too smart...getting comfy sitting on the laps of the Congress and left wing media....someone had to put him in place..and that exactly what happened..
And Barkha is a Rockstar journalist. No wonder she's Hafiz Saeed's favourite journalist in India
I am not economist . Did demonetisation help or hinder economy ? I want a honest answer .
Did amputation help or hinder the body? Depends on how rotten the limb was and the risk to life it posed.
It was a disaster. No black money was recovered which was the main goal of demonetization and, AFAIK, no one went to jail for holding black money
It wasn’t merely an economic exercise but utilization of power to attract the name of Mr. Modi to the people at large. Could any body fail to remember his name after standing in a long cue? Modi of Gujarat became Modi of India , that is Bharat. Those in line thought that rich people who boasted of huge wealth shall be brought down to their level if black money was recovered. This was not going to happen. It did not happen but political propaganda prevailed and now he is in unimpeachable position and in the meanwhile rich became richer. If demonetisation was a successful, Modi ji would have claimed that fact in his election speeches. This test reveals that it was a disaster.
Demonetization along with digital transactions had two main goals:
- unearth black money and move people from cash transactions. It largely succeeded on both. Not all of the black money has been unearthed, but a good portion has
- disrupt and stop the printing of fake currency from Pakistan and other external elements. This was a big success. Terrorist fundings were squeezed out, and Kashmir has now returned to normalcy with very little terrorists actions because they funding has stopped.
All in all - short term pain, long term gain
@@mkjayakumar Cost of demonetization was very big when compared to benefits from it.
1. We don’t need demonetization to increase digital transactions. As the technology advances, people would adapt to it. The same is happening now.
2. Fake currency problem could be addressed by gradually exchanging the currency with new currency.
Main goal of demonetization was to remove black money. It failed horribly in its goal
Whatever he said so far about India, didn't happen and happened just opposite.
India is growing faster than any other countries in the world, because of the good decisions and reforms were done by the current BJP Govt.
Thank God this guy was not a RBI governor.
Dr Rajan is a resident of Chicago and that is where his loyalty lies. It does not matter whether he has an Indian passport with US Green card or US passport with an OCI.
Sir can u elaborate of ur decision of printing 10 thousand rupees note in 2012 when u r governor of RBI and when india was one of the proud member of fragile 5 economy......was it ur genuinenely ur idea or someone forcing u to do it
What the f**k, you do engineering, management and you become an economist 🥵🥵🥵
🤣🤣🤣
RR is fully exposed. Sorry Sir.
UPA era rock stars. Now funny characters.
🎯
The same Rockstar was RBI governor when huge amount of NPA was accumulated which let to shadow banking crisis and the inflation was in double digits while the economy was known as "fragile five" .
HE is a very Good friend of Rahul Gandhi, he is a very good congress supporter and he left RBI Governor on advice given to him by Rahul Gandhi or congress, he is more Like a congress spokesperson
Rajan may have done a few good things , but it's nobody's but his that was keen to be in news not for his accomplishments as an economist but as a poltically biased bureaucrat known for taking ideological positions that echoed the congress party. His merits as a scholar were never really apparent and his own public posturing was always political. So BJP voters lost respect for him
He took positions for what he believed in ...and if it aligns with the congress at this moment then that's not his problem...he is against hindutva and dividing the country on religious lines...which the BJP is doing right now to win elections ...one major factor why BJP wins elections is polarization...if they have worked so hard then why can't they just win elections based on that so called development...why they have to give out freebies to people to wins elections
And every time this man had projected negative growth for India... Indians surprised him back 😂 ...
👍😂
Why didn’t he clean up during congress!
His all predictions was went absolutely wrong sorry to say
RR Still waiting for the Indian Economy to fall into recession.
all respect I had for this former RBI governor has gone considering his biased, political views with total lack of evidence and certainly did not behoove a former RBI governor. I stay from so called experts these days as they always seem to have an agenda
I request Mr. Ragamuffin ராஜ் also to read all the comments so that ha can understand people's perception about him
This guy is the most hypocritical guy around . Partied in the carmichael bungalow at Indian taxpayers money .
Was it not this great economist who recommended printing 5000 notes? Did this economist say “ gst was not implemented in a proper way? The same economist said demonetisation is a blunder. UPI will not be a success in a country like India. But now I say that now we have a history graduate RBI governor and an ordinary jnu pg fron jnu as FM.
He is no rockstar economist. Predicting recession from 2014 every year with 0% accuracy. It's the holiday season in the West and he is again giving screen tests for the finance ministry post-May 2024. But, that movie is never going to be made.
Useless economist. He doesn't know how economy and human psychology works. Raghuram is a bookworm. Bookworm and entrepreneur both are different. Bookworm people are not useful for development of any country.
Subramanian Swamy criticism and Govt not backing him is reason why he walked with Raul.. he wanted to be fighter pilot and all his predictions on markets were wrong...😂🤣😂🤣
When ever THE FAMILY needs Raghuram comes out and starts negative propaganda. This great economic genius gave suggestion to Karnataka government for free bus for women. KSRTC was top in India, but now they completely destroyed. Where ever congress party rules they destroy economic development. This will become burden for taxpayers and creating mini “air India’s “ in each state they will rule. Now same fate for TSRTC also.
He was disastrous as RBI Governor