Dr. Raghuram Rajan speaks to Brut
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- Опубликовано: 20 сен 2024
- “We don't produce enough people with a moderate education.” How can India become a rich nation? What’s the path to success for entrepreneurs in India? Dr. Raghuram Rajan breaks it all down in this interview with Brut.
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Why did India was named as Fragile 5 during Mr.Raghuram Rajan was the RBI governor?
even now it working on think rope..Modi and Nimi are playing with People
A professional not allowed to work diligently
@@nmbangalore7270On thin rope😂😂,Look KIDDO, India's Economy climbed from 11th to 5th Largest and soon 3rd Largest Economy of the World,And the Digital Boom, Startup Boom, Infrastructure Booming,Tech Boom, Banking Boom, Middle Class Boom etc Are making India a Strong global superpower in every field
Where did you get the data? India was growing faster since his tenure
@@travelgalaxy8291 whatsapp university .. where else would bhakts get the info.. don't ask for data brother university doesn't provide that, even so fabricated
Courage doesn't always roar. Sometimes courage is the quiet voice at the end of the day saying, 'I will try again tomorrow
Indian Economy had been Completely destroyed by illiterate Lier and dongi Modhiji
We the people of India expecting your help to repair our economy
@@lalitanayak9912 destroyed? okay.. can you elaborate I would love to take some lessons from you
It it is called a destory economy then we are happy of these destory economy.... pappu supporter......😅😅😅😅😅😅@@lalitanayak9912
Most nationalised banks went to red under his watch during UPA era...it is so easy to give Gyan sitting outside..
Perfectly said. His talk is biased, it is clear.
that was he spent 8 months under UPA - then he spent 28 months under NDA ? Why NDA didn't fix ?
@@TheAppus090Everything's fixed now that he isn't the governor
you are MODIs bastard son
just like that! what a perfect institution and a country @@disasterbuddies
I think Raghuram rajan had once said in the past that India should focus on only services. And now he is saying we don't have Tesla, that this.. what are the thoughts?
No he didn't say it , I remember hearing him say this about semiconductor industry because it is very capital and resource intensive industry and not easy to setup. Look how US is struggling to bring chip manufacturing in their own country when they were the ones who invented it and still do most of the research in that industry but manufacturing is different than that.
Whereas India has never had a major role in semiconductor manufacturing but when it comes to designing chips we have come a long way since the past 2 decades, most major chip manufacturers and designers have offices here and we play a major role in chip design, the service part . So that's why it makes sense to do that , to focus more on design and software which has been our strength instead of trying manufacturing high quality semiconductors and trying to compete with TSMC and Samsung on this. We should play to our strengths
Every 6 months, he alters his position shortly after his previous one proves unsuccessful. During his tenure as RBI governor, his primary achievement was giving media interviews. His attention leaned more towards media appearances than actual tasks. May be he knows that he has better prospects in politics than in real economics. Contrastingly, Shaktikanta Das stands out as the most adept RBI Governor, successfully navigating crises such as the COVID-19 pandemic.
@@anilbhat91 Oh so you think he doesn't know any real economics? Yea I bet you wouldn't have said it if he would just suck up to BJP like other cronies do. Clearly you're a lowlife troll who can't make rational arguments so he tries to cast doubt on the qualification of such reputed scholars. Shaktikanta Das is a former IAS officer who didn't even study economics in his life, 1 first year student of economics would know more than him. And everyone knows how corrupt indian bureaucrats are , he must have been sucking up to politicians his entire career as IAS, that's why BJP picked him up to be governor of RBI
What Dr Rajan, and many other sensible economists, have been saying that India needs to leverage and apply its intellectual capital more effectively because that's where the money is.
For instance, the market cap of Apple Inc. is $2.8 trillion and that of Foxconn, Taiwan, is $70 billion even though the latter is the largest supplier of iPhones. In economics it is called the smile 🙂 that is, because the most profitable parts of a business cycle are at two ends of the chain, namely, design and brand marketing. Manufacturing has a far lower returns, mainly because of high competition and widely available technology (as opposed to proprietorial uniqueness in tech). Both design and marketing, in comparison, requires high-level of intellectual power - creativity, ingenuity, innovativeness - and thus the returns are often very high.
If one are where Indians have genuinely made their mark it is in application of brain power. Some of the smartest businesses are headed by smart Indians. It therefore makes sense to focus on furthering our innate talent by creating more and better educational institutions. It is obvious, a skilled manpower can turn in more profits. And earn better wages. It is not anybody's argument that we forsake manufacturing or agriculture but let us focus on where the returns are the highest.
you are quoting out of context as usual.
He could not make anything in his tenure,now he gives lecture to everyone 😊.
He could not? Or he was not allowed to by a bunch of brainless BJP people?
हर तिमाही की आर्थिक वृद्धि दर देखने के बाद रघुराम राजन की माताजी को बहुत सारे लोग याद करते हैं।
A gem of professional ignored by egoistic one man Indian government
Lol he was Ousted because of hos Terrible perfomance look how Shaktikanta Das managed Indian RBI during Covid and Post Covid.
While rest of the world banks are recording Loses Indian Banks are profitable
the current governor has done more than he ever would. under him the banking sector was in trouble now look around.
What nonsense. His every prediction went wrong. He was more loyal to the congress government instead of his position.
Hate for Modi can make u think everyone is good except Modi😊
@@nithin909
Bigotry links rationale opinion also as hate. Be prudent and analytical. Are all Indians behind Modi or the EVM ?
that is also because bright people like Mr Rajan would rather have a cushy life from the west rather than working in India for creating products and innovating.
Raghuram is here in India giving interviews cause it's election year.
After elections he will go back to USA
typical south indian tanatani 😂
He's in US only.
@@existentialbaby typical anti-national chamcha 😂
Not he is being sent this time as to become Puppet PM for rahul gandhi like man mohan Singh
US west has No use of him u see. He is a economic hitman . Used to control nations. He was used as RBI chair once. Modi knows his character well.
His image has been polished a lot by west by various fake publicity. But they never used his services . They know his potential 😂😂
He is a son of RAW officer. US wud have groomed him when he was in US for education . Lot of Indian bureaucrats children were groomed like that in past. Almost whole Congress is groomed like that.
@@existentialbaby lol better to live in a first world country than a shithole
Dr Raghuram Rajan is one of brilliant economist in the world ❤
Ghanta , Biased seems to not have a ground connection, India doing much better without such bookworm.
@@gajendrapatil7863teko kitne paise diye bhaii.
After sleeping for 70-80 years , you want instant results 😂
The Nation has been built all through the past ten years . Please look back properly
In 2014, the Indian economy was valued at 2.4 trillion dollars. If you consider a growth to 3.7 trillion dollars today as a significant accomplishment, then it suggests a lack of understanding about the typical growth rate of economies. Historically, economies tend to double in size every 10 years, even under moderate to low-performing governments. Unfortunately, your revered supreme leader has not only failed to stimulate economic growth but has actually caused the economy to regress. Instead of reaching the 5 trillion dollar mark, we are currently stagnating at 3.7 trillion dollars. It's worth noting that the previous government, despite having limited power, managed to advance the economy forward.
Yes True. It is easier said than done. India is a democracy and China everyone knows nothing comes out of it. It is easy for R.Rajan to criticize the govt and forget about 5 decades of one family rule.
I appreciate Dr Manmohan Singh to have initiated structural reforms in India. Present govt has done excellent work internationally.
After going forwards to a great degree or to whatever extent, let us not go backwards as is happening now except for the few corporates
@@152manoju dont want indian corporates to grow ??? Who will create jobs than ?? Today's youth r proud of Indian corporates. All capitalist nations r run by corporates. ussr model has already failed. Dont teach us drameybaazi.
This raghuram rajan himself is Agent of Big corporates of America.
They raised his profile by fake drama that he predicted 2008 subprime crisis 😂😂😂
Well he predicts crisis every week . And like him many predicted the subprime crisis. It was real estate bubble burst which r inevitable in capitalist system
After that drama.when he was thrown out means his tenure not renewed for RBI chairman , they hyped him up as Upcoming IMF chairman 😂😂😂 well what happened he didn't even got economist post . They know these kind of Agents r only good to be used as econ hitman not as good expert .
Now he is being sent to help Rah gandhi and become his Puppet like Manmohan to become future Puppet PM of india.
When an individual's self obsession goes beyond a certain point of reality in a highly populas society of varied cultures ... that obsession gets transformed into a unrealistic endeavour... which will ultimately lead to fatalism of that society which got evolved over a period of centuries...
More precisely a society where its managers create disharmony for personal as well as their gang's unrealistic political ambitions... is bound to turn into a uncontrollable mob of anarchists...
🙏
🙏
The country is in a kind of polarised situation., Dr.Raghuram Rajan, the days are not too far for democracy, peace, love, fraternity and integrity to return to this country. Young and empathetic leaders like him, with support from visionaries like you, are sure to do well to make India a glorious peace-loving, co-existing, and inclusively developing nation again.
It was a candid, full of knowledge and honest account of India's system, its implications and its future. Thank you, Brut, for doing such an excellent job for the people of India, and thank you, Dr. Rajan, for serving your country as an astute RBI leader and for being an honest critique of the system; your courage is commendable.
Salute Mr Raghuram Rajan🙏your words are gospel to Genuine & honest Indians!
India is too bigger country to rule from center.. this is very true in terms of population, culture and diversity.. one nation will definitely break rather than make
मैं सहमत हूँ राजन जी क़े कुछ विचारों से पर मेरा ये सवाल है कि आप भारत के किसी विश्वविद्यालय मे शिक्षक क्यों नहीं हैं क्या भारत का एक भी शैक्षणिक सस्थान इस स्तर का नहीं हैं जहां आप कार्य कर सके? ये सवाल और अहम बन जाता है क्योकि आप भारत के शैक्षणिक सस्थान और शिक्षा का अक्सर उल्लेख करते हैं
He is the fool guy who predicted India will grow at Max 5%.
🤣🤣
*A loud and valuable interview. I am now fan of this guy, in today's India a very people have guts to speaks things too openly.. As a open-minded youth of under 30 age, i like to hear truth and dwell about true things, real situation, free from political or religious agendas but unfortunately we don't have many such people, Thankyou so much for gathering courage to put out things exactly what they are. I know this video will not get good response as godi media news get, but yes, not all people can know worth of real diamonds, and that's exactly what you are. Also as always a lots of love for brut india.❤*
If you are so keen on this joker, delve into all his acts as RBI Governor in cahoots with the Finance Minister at that time even after election results showed another party was going to take over government! Remember all that glitters is not gold and in this brass is shining!!
😂😂😂 today's youth is 10 times smarter and better than these Boomers.
Today's youth has born in internet era they know what is right and wrong and they don't fall into trap of all this agenda and honey talk of fake democracy and all
They know what is democracy and what's good for them abd nation.
Open minded yes sure open minded and your brain fell somewhere
How did India hire Raghuram Rajan Lackey from the Hoover institute , is something people would never know?
amazing interview. always pleasure to listen Raghu sir
Raghu ram Rajan must mind his business in US and not be critical of India every now and then. Fix US economy if U have brains
Sir any prediction on next upcoming GDP growth data ?
Like previous years
Mr, Raghuram is the only economist on this planet who can prove,,, that india is growing -1% 😅😅
Excellent talk. But depressing to note the huge problems our nation faces in raising our Per Capita Income. A more so the political impediments that is a millstone around our nation’s neck.
EXCELLENT INTERVIEW.
we have high unemployment all over the world and economic inequality is at the top of mountain dust
He is an Indian asset, who could have contributed a lot in the country's development, but unfortunately abandoned by the NDA govt.
After looking at his biasedness I'm glad NDA removed him we know how bad inflation was in India during UPA government it was always around 13% while now it's 5%
Rajan is not for time when there is a turmoil in the economy. He is good for economic good times. Modi knew he is going to destroy the economy, create dictatorship, why would he need Raajan then. Raajan is only good for Socialist economy, not even Capitalist economy. And he was trained in Socialist Colleges.
Every Indian deserves to watch this! Brave job @Brut!
India got independence just 76 years back. To innovate people need financial support and stability. Just wait for the next generation they will have these.
Great interview 👍🫡🙏
Can someone tell me his accomplishments when he was governer or is he only talking now
I do agree there should be RCA for decisions gone bad. It would lead to improved decision making.
But first you need to accept something went wrong
Sir your boss back then ... Chiduuu made a mockery of government against the possibility of something like UPI
This man wants to become finance minister of India in congress regime in future. But it will be a dream for him for next 20 years. 🙏Jai Shri Ram 🙏
Such a delight listening to Dr. Raghuram Rajan, always been a great admirer.
Another muslim 😂.
😂😂😂 nice joke
He is peeved with the way things are going in India and he is jealous of India’s growing status. Often blinded by criticism that he is bound to do as a congress supporter.
Are you really this daft to think anyone who is critical of government policy set up by netas and babus is "jealous" of India's growth? What's with the inferiority complex, man?
The guy has made lot of wrong predictions about this govt but wants to walk with Rahul
You should have asked him, how come India has transformed from fragile 5 to Top 5
Have we?looking at health service does not confirm that.
This guy studied from IIT delhi , later did his MBA from IIM , and PhD from prestigious MIT but still during his tenure Indian banks were crumbling , NPA were soaring high, and there were some major scams due to improper Management . Mr. Shashikant is humble person did his graduation from Odissa and MA from DU that too not on Economics or Finance but in history, still he is one who take strict action on banks , he is one responsible for bring PSU Banks on Track, he forces financial Institution to comply with RBI rules and penalizes strictly when they failed to do it Executed Basel 3 norm which was cumbersome and pending for so long , more responsible towards his works. so, long story short it is not necessary that a more education will also bring you discipline and work ethics , become good in academics doesn't means good in execution too.
nonsense, he laid foundation for Das to do the cleanup. Rajan as the Governor was forcing the banks to give factual information of its asset book. During UPA 1&2 there was too may bad loans given out and the nature of those were all fraudulent and clandestine. For example if a borrower took loan from more than one bank, other banks did not know ta borrowers history. The borrower could default multiple times. To counter this, regulations were put in place so banks were aware of the previous loans by a borrower.
@@drury2d8All Indian banks were under loss during RR while currently all banks are performing better than global banks
@@KuchBhi-xs5oe it took 3-4 years to clean up NPA mess from UPa1 & 2
u are precisely correct sir, hats of you. u are a economist like Amartya Sen, yes, india is lagging behind technology
Economist like him will make India perpetually poor as earlier was the case
He was a slave of gandhi family
Sir, he was a bureaucrat during upa rule 2004-14 , most alleged corrupt, loot period in india!? 😮 ! Now oreaches morality!? 😮
If you want any country 's economy and financial conditions to be ruined, then the only answer is RRR.
Rajan is kryptonite for andhbhakts. Just look how they are seething and coping in comments 😂😂😂😂
You seem more of an andhabhaqt. At this moment there are just 17 comments with just 1 comment against the video. So I assume you just blindly typed assuming there would be govt supporters here.
@@virajvrooms you are dumb dumb. Do you know how many were deleted
@virajvrooms something hurt your rear blud?
@@existentialbaby bla bla.
@@virajvrooms i got the answer 😂😂
This man lost credibility once he openly aligned with Rahul Gandhi and anti Modi Stooges
We don't have Tesla but we have Tatamotor. Yes we are proud of it.
Indians have inferiority complex, isiliye tu offend hoke ye comment kar raha hai 😂
He means from the technology perspective. Tesla technology is sought after even in china
Theoretical person with no practical knowledge. Brought the collapse of public sector banks
Fantastic interview thanks
If you want to have a developed India , you must fix our judicial system which is corrupt and incompetent.Unfortunately ,NO political parties are interested in this because if we fix our Judicial systems most of our politicians go behind the bars (Including Modi) we common man should rise up.
GOI just brought judicial reforms. but how would you know
@@mountolympus1098 ?
seriously? even if government tries to reform the judicial system, judiciary itself will not let it heppen. Try to read about Collegium system and NJAC. Why did Supreme Court of India declare it unconstitutional? Why they are using article 142 every now and then. Don't blame the goernmemt without knowing the political structre of India where judiciary plays the beat while executive and legislature dance on it.
@@shubhadeepacharjee7027 Modi government wants to control appointments of judges which is not judicial reform.If they succeed to do so, India will be doomed as Pakistan where no independent democratic institutions exist. What government can do without out any hardship, open new courts all across India, every court must work 24 hours and ensure law and order. It cost no financial burden to government. In fact every court brings additional income to the government through penalties, court fee stamps so on .
The appointment of the judiciary is not considered a part of reform. Is it the responsibility of the judiciary to appoint judges? How would you justify the 'Doctrine of Checks and Balances,' which is a crucial parameter for judging whether a country is democratic or not? If you want to bring reforms to the judiciary, the first step should be to introduce transparency in the appointment process.
As you mentioned, the NDA wants to control the appointment process, but I would ask you to look at the composition of the National Judicial Appointments Commission (NJAC). Additionally, merely opening new courts in India will not solve the problem, as existing courts are suffering from vacancies. There are more than 4 crore cases pending in higher courts. What is the Collegium really doing? If they were so efficient, then why do people have to travel to Delhi every time there is a case? Why are the lower courts so inefficient? When it was advised to establish four Supreme Court branches in East, West, North, and South, the Supreme Court rejected the advice, stating that it would undermine the reputation of the SC.
India death total 533,489 and USA deaths 1,211,319
keep lying, stay naked, stay proud
Brut u need to mention as Congress leader Raghuram Rajan😅. He is an aspiring wanna be Finance Minister. He will remain a wanna be like his Boss Rahul Gandhi 😂
Understand Raghu’s pain
India missed the industrial revolution..rajaram not answered questions.
He is trying to take credit for all of Modi’s work. This man has so much venom for BJP that he excused all of the scams of UPA by saying it was just the opposition creating commotion
corruption under UPA government took places because decision are not centralised.
Where Rahul Gandhi had power to tear laws passed by parliament.
Everyone can talk big and claim to be very knowledgeable, but you must prove your contribution when the time comes. Has he contributed, or was he instrumental in any place despite holding key positions?
Talking is so easy. With limited amount of cash and resources and still try to develop is a task
Congressman Raghuram Rajan blaming BJP for everthing. Same old thing nothing special waste video.
Superb
One of the over "hyped" figure in India.but not able to understand y.he did not do one good reform in his tenure at RBI ,but he keeps on lecturing everyone 😊
Great mind
Superb. Sad, we have such people and 1000 more.
All unused. We need enlightened leaders and frankly a Third Way. .
Absolutely right
We don't have tesla or drug manufacturers is because of bad policies followed by one family party over the first 60 years of Indian independence...
To whom his loyalty is and he abetted against ppl of India by committing acts in violation of our laws! Bah, humbug!! Phaltu Admi
India is top drug manufacturer in world.
If he doesn't know this basic facts it's a shame.
Useful interview
👍👍👍
❤
Good interview
Who is this guy?
Will Rahul give him ticket? He was doing all kind of false predictions about economy that pleased Rahul ji.
Looks like he is jobless!!!
People like Raghuram Rajan, have split loyalties and parachutes into India when election approaches . He is not trusted by the government and they ignore him, because it is believed to be working for a foreign government and is benefited by their patronage. So the only options he has is taking to Tamil Nadu government and go on some podcasts. For the last few years he has been preaching that India should move away from manufacturing to software,but he will not say this to Tamil Nadu State government because it's the leading manufacturing state in India.
He finds is so hard to accept that PM Modi has transformed India rapid lyfor the better and very soon it will be the third biggest economy in dollar nominal terms. His masters want India not to develop and he is speaking his masters voice. But fortunately most of the people know where he is coming from. Remember Japan was destroyed by the Plaza Accord forced on them by America in 1985 to appreciate the Yen against the Dollar and German Mark(Re: Prof. Jeffrey Sachs, Colombia University) and this led to the slow fall of the Japanese economy which did not grow for the next 30 years while the American economy grew by 1000% yes 1000%.He is not to be trusted.
He should be the next upa pm front runner
UPA😂
Sure when cows fly!!
Well delivered
Dear Raghu Ram Rajan, do you realize what damage you and your supporters would cause by not having a strong leadership for Bharat ? No doubt about your brilliance but, you need introspection if your intelligence is influenced by wrong forces ow you yourself wear wrong glasses not to appreciate the change in Bharat we saw through past decade and the world recognized … does your alternative leader Rahul has ability to serve even as a clerk in RBI ?
Do you realize what damage Dr Manmohan Singh’s rule caused - not because he was not brilliant but because he was in the influence of wicked corrupt forces … are you dreaming to be in power in the shadow of Rahul ?
Wake up !
Even if media persons or voters think they are smart enough to find faults in Modi or his governance, they can’t afford to be foolish enough not to vote to re-elect or support Rahul and his folks …
Not having Modi government back to power will terribly ruin Bharat … this is not the time for complacency nor for allowing poisonous media smarties spread poison … all wise citizens must realize this very seriously and do something about it in their capacities…
Feel free to openly oppose and criticize complacency wherever you may spot … even among near and dear ones … the forces behind Rahul and his gang are very damaging for safety and survival of all law abiding common citizens in coming years …
Modi has spoiled every thing that is human, progressive, modern, peace and harmony...what ever is universally accepted as human development...
India has always been a pluralistic so iety.Present ad.min istration want to change her genes
0:12 All your prediction on Indian economy went reverse but till you are trying to misleading societies 😂😂
Leader does not want to listenexperts&criticks
*A very interesting interview 👌👍*
0:39 yeh admi keh raha rha humko manufacturing ki jaroorat nahi services me hi expand karo 😂
Monotheism (the doctrine or belief that there is only one God) is blamed as the instigator of ignorance, oppression, and violence. Monotheism has been a "totalizing discourse", often co-opting all aspects of a social belief system, resulting in the exclusion of "others". Monotheism is less pluralistic and thus less tolerant than polytheism, because monotheism stipulates that people pigeonhole their beliefs into one tenet. "Monotheism is irreconcilable with the existence in our nature of the instincts of benevolence" because it compels followers to devote themselves to a single Creator. The logic of monotheism ... yields little basis for tolerating other religions". Monotheism anesthetize the sense of wonder as if one were committed to a single line of thought by a cosmic legal contract".
bat kya ho rhi, tu bat kya kar riya😅
Verbose with a self propagating agenda !
😢 35% of the malnutrition speaking
Senseless talk. Don’t waste your time watching this video!
ye aadmi pura controversial baat karta hai, kabhi bolta hai hame superpower banne ki kya jarurat hai , manufacturing Industries India ke liye sustainable nahi hai aur fir Merck , Pfizer aur tesla bhi chahiye India me 😒😒
Jabki India ki apni vaccine thi aur TESLA is not profitable.
And moreover there is only 1 Tesla in world no one able to copy that too
Most of the comments are so ridiculous and purchased one😅
Future India PM😊
or US Fed Chairman
Raghuram Rajan, you are boring, aadhi baat sun ke neend aa gayi. You are saying same thing since 2019, all to sell some books!
❤❤❤
UPA Govt was much more decentralised ! Hmm
We? isn't this guy a US citizen?
In India agricutal economy how to earn not in fianaice but to prce to comodity for life
Rahul Gandhi is talented young man... RR
Always a muslim😂
Pmo is only PM in india
R R R - A talent with dirty mind.
Sir wonderful talk. But you need to address what kind of environment in Indian universities after BJP RSS Modi Amithsha comes into power, all Central University's IITs NITs IIMs CSIR National institutes, many Research Institutes totally spoiled entire Science &Technology by recruiting faculty positions based on those who are RSS BJP ideology not their talent, biodata or innovation etc. So these 10 years they did this kind of nonsense and right now around 70,000/- faulty positions are not filling still no recruitment notifications. So how is it possible to develop innovation in India
. Another interesting thing is if any encourage many unscientific things like cow urine for COVID, many plant material anothe side very big publicity Govt only doing this kind job.
He forgets about IISC Bangalore which is in the top 20
It is a good institute, some departments very good. Far from top 20.
It's in top 250 I think I maybe wrong but yes it is India's most top science institute
Hope to see y as FM one day
बीरेन्द्र राज गवंनर भारतीय रिजवं बैक ₹100 लाख करोड़ सूडान एवं प्रसारण विभाग
Kyu bhai
Aa gaya swad
Sensible man.
Shut up and let the govt do their job without people like you interfering.
Govt doesn't give a shot on him
This Guy is gone nuts. He may have good academic knowledge but his predictions went wrong. Everyone including common man is expert in post mortem. But he lacks futuristic vision. Ragu is more interested in Politics than real economics.
Politics and economics are interconnected.
@Godzillamonstrosity yes and so is politics and everything else.
But looking at his predictions it is clear they were motivated by politics not economics
@@mountolympus1098 well there is bound to be certain level of deviation in any prediction. Just because some predictions turn out to be wrong doesn't mean the person making those predictions based it off politics rather than economics.