This is common knowledge in the West that all currencies are FIAT after Richard Nixon de-linked the US Dollar from gold in 1971, and QE (quantitative easing) has become the norm (US, UK, EU, JAPAN). It is quite strange that India has the 2003 FRBM Act law which prohibits QE, with exception only in case of national security, natural calamity or exceptional situations. And if RBI is unwilling to change its age old arbitrary CAR ratio of 9% for banks, the options to improve liquidity in the market are limited. A reduction in CRR by 50 basis points can be done, but that may not be enough.
@Roodra P I don't know why the Media is trying to show that RBI is against the GOI, when both are tacking the same problem of lack of liquidity in the market in India. However, The options available with the GOI and RBI are extremely limited under the current policy framework. RBI's hands are tied since they cannot take a policy decision outside of enacted law. However, the GOI can declare the current liquidity problem as an 'exceptional situation' and take appropriate measures; this will depend upon the outcome of the meeting on 19th Nov.
You think the fiat currency system is flawed? Please suggest a better alternative. Any alternative you suggest will be some form of fixed exchange rate system which has its own problems. Fiat currency evolved naturally over time and will probably remain into the future. An independent monetary authority is the best protection against the flaws of a fiat currency
@@vikramrazdan5680 Excelent comment. Even a catastrophe like the COVID pandemic could not persuade the powers that be to print more currency. I wonder if this is dogma or if there is some actual thinking behind it.
This Gentlemen has existed for a long time. Not Many have utilized his expertise. He was one of the first journalist to have dethroned a PM & a CM by his findings and writings. There has been a known thing called Corporate Media for a long time with vested business interests. It was mostly for commercial ratings, market share, Monetory benifits,Circulation, articles and suggestions by beaurecrats and so on so forth. Economists by their standards have failed to look at economics at a Macro levels, which itself is a failure on its own. It establishes and substantiates by the fact that most of them were fundamentally wrong. Even after so much insights a common man or most of the intellectual crowd will not accept his views as there are very few who have taken such a stand. Wonderful speech and very interesting perspective. Thank you Gurumurthy Sir.....
Amazing and insightful speech by Mr. Gurumurthy. As part of the MSME sector of India, i can vouch for every word that Mr Gurumurthy said about the MSME sector. it is surviving only on the social support and in the hope that things would change one day for the better.
Very insightful exposition on the state of Indian economy. Time has come for people like Gurumurthy to be a part of team to lead India towards independent thinking & implementation of economic polices that take India to greater heights.
What an insightful speech ! Kudos to guru Gurumurthy sir. I hope many like me have been waiting for such clues about what is happening in the world economy.
One understanding in us Indians is very much needed: We can support and oppose a person at one opinion and yet sleep peacefully not hating or being a fan.
Super intellectual ...high yield economics lecture ...thank you shri Guru murti for your insightful knowledge session .....he has touched most of the aspects of present economic discourses .....very convincingly he put forward the argument against our slave economic insight . Straight talking , to the point and off the cuff . His induction into the RBI Board has bought diversity of thought . Notwithstanding being tagged by media as RSS man and saffroning the RBI Board , After listening to this lecture I strongly feel ..... He has content in him and he can very well reason many popular queries regarding Indian economy discourses under present regime . Looking forward to listen to more such session by him. Because he is levelling many unfounded allegations and better interpreting the govt steps and policy actions .
Gurumoortiji is having matured thought flow not only in economics but whatever subject he takes in his hand. Proud to have such an intellect and patriot in our country.
The RS tv is congratulated for uploading and bringing this most enlightening, inspirational talk available to the people. This talk also must be seen by all media, economists, so called intellectuals in INDIA . It is also important that RBI dignitaries, finance ministry officials, academic circles see this and get inspirational to think originally, and what is best for INDIA 's economy. It is so obvious that so called INDIAN economic pandits want to ape western economic ideas and models.
Mind provoking speech ! We need to think beyond where the current economic theories stops. Truly indeginius thought and understanding of traditional family system and family driven economics needed . Many more lectures of this type may transform common understanding of economy and give solutions to its problems. Jai hind jai bharat!!!
Ek Baar sarkar kya Bani logon Ko football jaisa mara hai log India ke bhole hai Lekin Bhola bighad jaye to aisi kick marega ki bass vapas uthne ke liye jindgi daav pe lag jaye
@@straightforward8219 mere bhai supreme court shirf dikhave ke liye hain, jiss din sare bharatiy jaagege tab tere jaiso ka case bhi supreme court tak nai pahochega, yaha Hind Swaraj hain, no middle man
The lack of published research and data on the Informal Business Sector in India is the main reason why globally savvy top-down central bankers (Raghuram Rajan, Urjit Patel and company) are not in-sync with the ground realities.
What material does an economist want, to decide on day to day issues. As Dr Swamy stated, Raghuram Rajan is theoritical economist (now derailed by GuruM, expressly). He did not understand the problem but wanted to do police job... idiot.
@@kpsudhakar I would say that Raghuram Rajan's policies as RBI Governor were consumer friendly (stress on controlling high inflation), but certainly not business friendly (reduced liquidity, high interest rates). The GDP growth was fine because of the Black economy, but job creation was a complete failure and tax collections remained stagnant. This means that Rajan failed in 3 out of the 4 key factors, or achieved 25% marks; not an idiot but most certainly an ignorant fool.
No. That was the myth. Chk the inflation rate hovering around 10% while suddenly it dropped to 5.8% when new Govt took over and continued to fall. (See..tradingeconomics.com/india/inflation-cpi) Raghuram had been falsely egoistic with major agenda of NPA's stiffled SMEs to death. This is the reason why our economy could not grow & employment could not grow. This is what highlighted by SG.
Sadhguru Jaggi Vasudev ji said future wars will be economics based. Trade wars etc. S.GuruMurthy ji also now saying similar thing ... Geopolitical economics with finance and defence secretary in the same meeting!
Mr. Gurumurthy is a very deep analyst. He brings his observations to a point in axwinderful way but frequently I lose the theme as maybe the microphone was not sensitive. He mentioned Karl Marx's description of India but I missed the last bit of the idea. I still do not know what / how Marx thought of India. Sorry.
Gurumurthy is a genius & fearless! Night club waitress & her mafia had ruined Indian economy in their 10 yrs rule. She offered freebies with borrowed money from world bank to be in power to loot & boost her swiss a/c. She knew that Indians are enslaved & vote only for freebies & not for great development works done by Modi for National long term interests. Whitepaper would have exposed them. I am glad that I voted for Trump because he promised to discipline china, pak, barbaric Islamists & their funders. V. K. Reddy is related to my son in law. Both Modi & Trump were harnessed & threw stone at them by media, left liberal intellectual traitors, economists, noble laureate. Modi used them for his ladder to go up but Trump reacted to gain publicity & sympathy.
Economic downturn and recovery is cyclic. No Government has a magic wand to do anything instantaneously. US had employment problems in 1999-2000. It recovered slowly and again in 2006-2009 because of subprime lending it went southward. Again slow recovery started and is bearing fruits from 2016 onward. Housing markets still not yet recovered fully. Only after 3 to 4 years we can see if Trump's tariffs will bring back industry jobs back to US. But we see the commodities prices are slowly going up.
As usual Gurumurthyji rocks! There are SO MANY amazing points and facts that he highlights and raises questions on, that the mind is boggled! He shouldn't be an RBI director, he should be RBI Governor. We've had enough of tomfoolery in the guise of macroeconomic visionaries, it's time to take someone who understands the pulse of Indian economy and give him a solid chance at taking the economy to the next level!
Don't jump. Just because he gave a cogent speech he will be a good FM. He is basically a chartered accountant. I don't think even Swamy will be a good FM for that matter After 2008 it took 8 years of silent rule of Obama that got America recovered. Obama also silently tried to secure borders which Trump is doing vociferously.Most of the people in US lost jobs during 2006 to 2009. Trump is seeing the fruits now. we can't say his policies are correct until 3 to 4 years. Any country is made of hardworking, intelligent and innovative people and not by one or two guys.
@@ff20e03bbc you used the word ramble. Like my son. it is prejudice. Trump is selfish too as far as his businesses are concerned. But he is trying to check the mammoth China that has been ruling America for so long. He is stopping illegal immigrants. Through NAFTA Mexico and Canada have taken US for granted.He is protecting American farmers so he says. Let us see what happens in the next 3 to 4 years. But any country should have policies that benefits its people. Demonetization affected MSMEs because Banks stopped lending them. Like ones fallen twice shy. Banks lent money to Ambanis, Niravs and Mallyas blindfolded but are now punishing MSMEs who have done nothing wrong.
Guru you are phenomenal, Sir. Hats off to you. Please visit the ill-informed, Raga obsessed yellow newspaper editors if Delhi and educate them and enlighten them. None of them, not even collectively, know even one per cent you know.
Around 35 minutes, he said "whether Trump will be there or not after 2020, no American president will be able to reverse Trump's policies". Indeed it is true now.
Keeping aside any specific regime in govt in the past 20 years ,Frankly haven't had a better understanding of the much celebrated high growth earlier realise the linkage between growth % and various ways that can be achieved.it definitely a strong reasoning to have a different path to manage indian economy.Open to learn & understand more .Very interesting.
Is it possible to translate this speech in all the languages of our country in an explanatory manner, that can be understood by the common person with no background or knowledge of formal Economics? If this is done, and channeled to reach the simple citizen, along with other landmark speeches of other thinkers in other subjects of nationsl importance, it will assure the continuation of the present Govt. for the next five years.
Hope NaMo wins in 2019 with a bigger margin..then.. 1.GOI can do currency swaps with Saudi/UAE/etc. 2.GOI should think of printing/minting it's own 'GOI money', ex. ₹100 and below, divesting the RBI. Use Vivekananda / Sardar Patel/Bhagat Singh/Tegh Bahadur/Kalam/SN Bose/JC Bose/Tagore/Tiruvalluvar/Dr Ambedkar and others. RBI notes can continue with Gandhi. 3. 'GOI money' can Fund States against Natural calamities/wars/fill critical gaps/ Universities/R&D in Defence/medical.. As 'GOI money', it cannot be traded in money exchanges for foreign currency. Thanks for the upload. Jai Hind..
Nationalised Banks should be recapitalised by the Government and then privatised . As Government owned banks can not be expected to work on Fair commercial basis because of political interference in there functioning . RBI should act as an independent regulator and their representatives should not be on the board of any bank.
true their is point in still running the socialist idea of nationalisation we already suffered from it in period of 50s to 90s learn from mistakes lets claim what in 1st century used to be our throne as economically prosperous nation in PPP but r & d should be focussed
Ohh so the ICICI loan issue will come up right same like Videocon and Chanda kocchar from where all of you PEOPLE'S come up suddenly in India after 2014 it's just irritates
Read history of KVB bank, with people of 7 lakhs in karur district (TN) built a capital of 50,000 cr. They made a saving driven industry within their area. These things lost once banks were nationalized. Highest per capita city in india is a small village in Gujarat who are building AJANTA clock for entire country, totally driven by local savings. IN india uneducated drives economy and employs the educated ones...!! - Gurumurthy Sir.. Watch his other videos to understand the true india.
Two persons in India are economists one is Dr Modi and other is this gentleman inspired by other economist Dr. Trump. Logic-1. High denomination notes are cause for high asset value therefore 1000 RS note is replaced by 2000 RS note. High foreign investment during UPA was the cause of NPA but bullet train funding by Japan is most original thinking by this government.Let the logic rest in peace..
Doing the right thing does not guarantee election victory or even appreciation from fellow being. Hope modiji understands and has some trump card under his sleeves for 2019. If congress wins, I will buy gold and get out of ruppee. If modiji wins, I will sell all my gold.
Abolish IncomeTax to that of only one TurnOverTax with compulsory TDS without any reservation and anomaly regulated, then India will topple all known revenue and unaccounted money will vanish overnight. FDI will flood without any regulations. India become hub for World Trade Centre. Indians known for clever moves.
If foreign funds hv come into stockmarket,it is Fii money,and govt only allowed Fiis,and bring in money thru cp's,and don't you think,Rbi or govt, didn't inquire into the funds flow from Hawaiian/FIji islands?
Planning Commn. replaced by Niti Ayog, which also failed to promulgumate Indian thought in policy making. It just engages PWC, eny, KPMG to project plan! Effectively We shifted from Russian failed model to embracing Western model specific to them!
.Here is the list of subsidy that goes to richest and Highest income population of 15%. Why no one question that? Because those report writers and media owners are part of the beneficiaries. But they make make loud noise to stop all subsidies to poor and people living below poverty line. 1. India staring at fuel subsidy burden up to Rs 53,000 crore 2. Indian airlines get Rs 4600crs(28000crs in 5yrs) every year to cover it loss. 3. Public sector banks got Rs. 87000crs.. 4. There are many more public sector companies get subsidies over Rs. 150000crs.
Crippling over the situation and our now a day mind as multilateral phenomenal access of buying like Oil....Oil your own machine makes a country so big that could not be toppled over.
ॐ, श्री गुरुमूर्ति जी को सुन के कुछ आशाएं मन में जगी है, उस से प्रेरित मैंने उन के यह भाषण को कन्नड़ में अनुवाद किया. उस को यहाँ प्रस्तुत कर रहा हूँ, drive link के रूप में .... drive.google.com/open?id=1r5U95tQJsaKr8tTdjE01e4ocjhV6Uz-t आप इस को अपने कन्नड़ जानने वालों से बांटेंगे तो कृपा होगी..... धन्यवाद.
Hey! Advertisement Times of (anti) India please make note of Gurumurthy. Does anyone come anywhere near him? Don't continue with your anti India and pro Raga agenda. Times of (anti) India, please make due note,, y your approach will definitely spell your doom. You have exposed yourself so much by this time. Time is a great leveller. Hope TOI understands it.
There is no economics discussion for the decisions like demonetization. But there is political discussion. Politics interfering all the subjects will give only bad results to the nation as a whole.
RSS should appoint Subramaniyan swamy as prime minister & guru murthy as finance minister But hindi driven RSS won't do that even that's good & fortune for Hindustan & Hinduduva
Don't bring Hindi here. Completely unproductive to bring language here. I can say a lot in return too. I can say that South India doesn't give a shit about BJP so why will BJP give a shit about South India. This track of conversation is not good.
@@ameyajoshi8849 hey bro, in South India a lot of scientifically proved Fake Aryan-Dravid theory was propogated to break Hindus. But now Hindus are rising and becoming aware. So, don't worry.
Non self confedic people are Indians. First half. Despite death and heart attack people are not riotic over Demonetization. That's faith of people on Government. Second Half.
As Dr.Swamy admits, he's an accountant and not an economist!resting on past laurels...rich..legacy..civilization.. has landed us no where!in fact, these two factors have disabled us in not adopting to fast changing science, technology...that moves at that terrific pace!small countries like Korea, Taiwan,Japan. . Have been agile and race forward in a span of two or three decades India with its heavy baggage of 'ism'...and inertial &retrograde minds refusing to adopt the dynamics drags on with outmoded minds& ideas who want to reinvent & rewrite history!true nationalism borders on fascism and what's the need of hour is patriotism as French president Macron said!
Does raghul gandhi know something about what this gentleman is talking about..should someone not educate him? He and his cohorts are sounding irrelevant with each passing day.
Who is Rahul..is he prime minister.. Is he minister.. He is powerless if u want to know his credibility make him pm otherwise its no use in asking powerless..
The best speech on Indian economy I have heard in recent times. Brilliant and gutsy.shame on mainstream media.
So much informative. A big blow to all the TV panelist economists who try to play politics instead of proper debates on economy
No other economist has the guts to say that the fiat currency system is flawed. Long live Mr. Gurumurthy
This is common knowledge in the West that all currencies are FIAT after Richard Nixon de-linked the US Dollar from gold in 1971, and QE (quantitative easing) has become the norm (US, UK, EU, JAPAN). It is quite strange that India has the 2003 FRBM Act law which prohibits QE, with exception only in case of national security, natural calamity or exceptional situations. And if RBI is unwilling to change its age old arbitrary CAR ratio of 9% for banks, the options to improve liquidity in the market are limited. A reduction in CRR by 50 basis points can be done, but that may not be enough.
@Roodra P I don't know why the Media is trying to show that RBI is against the GOI, when both are tacking the same problem of lack of liquidity in the market in India. However, The options available with the GOI and RBI are extremely limited under the current policy framework. RBI's hands are tied since they cannot take a policy decision outside of enacted law. However, the GOI can declare the current liquidity problem as an 'exceptional situation' and take appropriate measures; this will depend upon the outcome of the meeting on 19th Nov.
You think the fiat currency system is flawed? Please suggest a better alternative. Any alternative you suggest will be some form of fixed exchange rate system which has its own problems. Fiat currency evolved naturally over time and will probably remain into the future. An independent monetary authority is the best protection against the flaws of a fiat currency
@@albertjodhimani8726 what was wrong with gold linked currency?
@@vikramrazdan5680 Excelent comment. Even a catastrophe like the COVID pandemic could not persuade the powers that be to print more currency. I wonder if this is dogma or if there is some actual thinking behind it.
This is what I am looking for. Great speech
This Gentlemen has existed for a long time. Not Many have utilized his expertise. He was one of the first journalist to have dethroned a PM & a CM by his findings and writings. There has been a known thing called Corporate Media for a long time with vested business interests. It was mostly for commercial ratings, market share, Monetory benifits,Circulation, articles and suggestions by beaurecrats and so on so forth. Economists by their standards have failed to look at economics at a Macro levels, which itself is a failure on its own. It establishes and substantiates by the fact that most of them were fundamentally wrong. Even after so much insights a common man or most of the intellectual crowd will not accept his views as there are very few who have taken such a stand. Wonderful speech and very interesting perspective. Thank you Gurumurthy Sir.....
Totally agree with this. He is the only FINEST Indian Economic Thinker who will think "FOR" India.
Amazing and insightful speech by Mr. Gurumurthy. As part of the MSME sector of India, i can vouch for every word that Mr Gurumurthy said about the MSME sector. it is surviving only on the social support and in the hope that things would change one day for the better.
All anomalies in our Indian economy should be corrected under your guidance, Shri Gurumurthy.
Very insightful exposition on the state of Indian economy. Time has come for people like Gurumurthy to be a part of team to lead India towards independent thinking & implementation of economic polices that take India to greater heights.
God give this gentleman a long and healthy life to serve the country. Save the country as well
What an insightful speech ! Kudos to guru Gurumurthy sir. I hope many like me have been waiting for such clues about what is happening in the world economy.
Absolutely amazing and eye-opening talk by Gurumurthyji. India is fortunate to have clear headed thinkers like him.
Policy makers, intellectuals, and others in every corner of India should be listening to this man!
One understanding in us Indians is very much needed:
We can support and oppose a person at one opinion and yet sleep peacefully not hating or being a fan.
Super intellectual ...high yield economics lecture ...thank you shri Guru murti for your insightful knowledge session .....he has touched most of the aspects of present economic discourses .....very convincingly he put forward the argument against our slave economic insight . Straight talking , to the point and off the cuff . His induction into the RBI Board has bought diversity of thought . Notwithstanding being tagged by media as RSS man and saffroning the RBI Board , After listening to this lecture I strongly feel ..... He has content in him and he can very well reason many popular queries regarding Indian economy discourses under present regime . Looking forward to listen to more such session by him. Because he is levelling many unfounded allegations and better interpreting the govt steps and policy actions .
Great talk by Shri Gurumurthy....
This is the most logical and statistically presented discourse . I completely agree with mr. Gurumoorthy
As usual a Brilliant lecture by Shri S Gurumoorthy. Hope the people understand this and contribute whatever is possible.
Gurumoortiji is having matured thought flow not only in economics but whatever subject he takes in his hand.
Proud to have such an intellect and patriot in our country.
Congrats RSTV for this inspiring micro economical analytical speech.Mind blowing.Hatsoff to Sri Gurumoorthy
Please keep uploading more videos like this.
Analysts shall speak on facts, but except very few like GurunurthyJi no one else has balls to do so.
What an enlightening speech sir,....
Your introduced the listeners with real underlying problems that no one talks about.🙏
Chandrasekharan Advocate
Thank you for this wonderful informative speech. Crores spent in
JNU and other such institutions so far are a total waste.
Sir
I am speechless after listening this. 🙏🙏
The RS tv is congratulated for uploading and bringing this most enlightening, inspirational talk available to the people.
This talk also must be seen by all media, economists, so called intellectuals in INDIA .
It is also important that RBI dignitaries, finance ministry officials, academic circles see this and get inspirational to think originally, and what is best for INDIA 's economy.
It is so obvious that so called INDIAN economic pandits want to ape western economic ideas and models.
Excellent speech sir.. very informative.. very insightful..we support independent thinking, economy and policy making...
Mind provoking speech !
We need to think beyond where the current economic theories stops.
Truly indeginius thought and understanding of traditional family system and family driven economics needed .
Many more lectures of this type may transform common understanding of economy and give solutions to its problems.
Jai hind jai bharat!!!
very eye opening speech, thank you so much gurumurthyji, we trust in you, you're a true bharatiya
Mr Gurumurthy should be made the next RBI Governor
Ohh so that he will come up with notebandi 2.0
Ek Baar sarkar kya Bani logon Ko football jaisa mara hai log India ke bhole hai Lekin Bhola bighad jaye to aisi kick marega ki bass vapas uthne ke liye jindgi daav pe lag jaye
@@straightforward8219 bhaag sale maowadi, bhaag sale china
@@ashamednature3339 tu kya supreme court hai kya logon Ko Naukar samjha hai bheek mangne aaoge 2014 jaisa us baat vote diya tha iss baar lath marenge
@@straightforward8219 mere bhai supreme court shirf dikhave ke liye hain, jiss din sare bharatiy jaagege tab tere jaiso ka case bhi supreme court tak nai pahochega, yaha Hind Swaraj hain, no middle man
The lack of published research and data on the Informal Business Sector in India is the main reason why globally savvy top-down central bankers (Raghuram Rajan, Urjit Patel and company) are not in-sync with the ground realities.
What material does an economist want, to decide on day to day issues. As Dr Swamy stated, Raghuram Rajan is theoritical economist (now derailed by GuruM, expressly). He did not understand the problem but wanted to do police job... idiot.
@@kpsudhakar The informal business sector also needs credit, but all micro-enterprises (
@@kpsudhakar I would say that Raghuram Rajan's policies as RBI Governor were consumer friendly (stress on controlling high inflation), but certainly not business friendly (reduced liquidity, high interest rates). The GDP growth was fine because of the Black economy, but job creation was a complete failure and tax collections remained stagnant. This means that Rajan failed in 3 out of the 4 key factors, or achieved 25% marks; not an idiot but most certainly an ignorant fool.
No. That was the myth. Chk the inflation rate hovering around 10% while suddenly it dropped to 5.8% when new Govt took over and continued to fall. (See..tradingeconomics.com/india/inflation-cpi) Raghuram had been falsely egoistic with major agenda of NPA's stiffled SMEs to death. This is the reason why our economy could not grow & employment could not grow. This is what highlighted by SG.
Sadhguru Jaggi Vasudev ji said future wars will be economics based. Trade wars etc. S.GuruMurthy ji also now saying similar thing ... Geopolitical economics with finance and defence secretary in the same meeting!
Mr. Gurumurthy is a very deep analyst. He brings his observations to a point in axwinderful way but frequently I lose the theme as maybe the microphone was not sensitive. He mentioned Karl Marx's description of India but I missed the last bit of the idea. I still do not know what / how Marx thought of India. Sorry.
Gurumurthy is a genius & fearless! Night club waitress & her mafia had ruined Indian economy in their 10 yrs rule. She offered freebies with borrowed money from world bank to be in power to loot & boost her swiss a/c. She knew that Indians are enslaved & vote only for freebies & not for great development works done by Modi for National long term interests. Whitepaper would have exposed them. I am glad that I voted for Trump because he promised to discipline china, pak, barbaric Islamists & their funders. V. K. Reddy is related to my son in law. Both Modi & Trump were harnessed & threw stone at them by media, left liberal intellectual traitors, economists, noble laureate. Modi used them for his ladder to go up but Trump reacted to gain publicity & sympathy.
Economic downturn and recovery is cyclic. No Government has a magic wand to do anything instantaneously. US had employment problems in 1999-2000. It recovered slowly and again in 2006-2009 because of subprime lending it went southward. Again slow recovery started and is bearing fruits from 2016 onward. Housing markets still not yet recovered fully. Only after 3 to 4 years we can see if Trump's tariffs will bring back industry jobs back to US. But we see the commodities prices are slowly going up.
Very educative. We need to be free thinkers
As usual Gurumurthyji rocks! There are SO MANY amazing points and facts that he highlights and raises questions on, that the mind is boggled! He shouldn't be an RBI director, he should be RBI Governor. We've had enough of tomfoolery in the guise of macroeconomic visionaries, it's time to take someone who understands the pulse of Indian economy and give him a solid chance at taking the economy to the next level!
Yes I recently had this thought that the Indian passport is very strong and respected today.
great talk with new thinking . He should be RBI GOV with immediate
Don't jump. Just because he gave a cogent speech he will be a good FM. He is basically a chartered accountant. I don't think even Swamy will be a good FM for that matter After 2008 it took 8 years of silent rule of Obama that got America recovered. Obama also silently tried to secure borders which Trump is doing vociferously.Most of the people in US lost jobs during 2006 to 2009. Trump is seeing the fruits now. we can't say his policies are correct until 3 to 4 years. Any country is made of hardworking, intelligent and innovative people and not by one or two guys.
He was one of the mind behind note Bandi.....he is one of the conspirator.
Of course, NDA has appointed him as independent director in RBI.
Sir you are eye an opener for Indian people thank you.
I see 10 down votes ... But no single counter argument in comment section ... Says lot about people voting down .. :-)
@@ff20e03bbc simple blind welciming of globalization is out the window.
@@ff20e03bbc
Listen last 3..4 min. He summarized it for you.
FRBM should go.
Credit be given to MSME.
we are banking driven economy
And many more.
@@ff20e03bbc you used the word ramble. Like my son. it is prejudice. Trump is selfish too as far as his businesses are concerned. But he is trying to check the mammoth China that has been ruling America for so long. He is stopping illegal immigrants. Through NAFTA Mexico and Canada have taken US for granted.He is protecting American farmers so he says. Let us see what happens in the next 3 to 4 years. But any country should have policies that benefits its people. Demonetization affected MSMEs because Banks stopped lending them. Like ones fallen twice shy. Banks lent money to Ambanis, Niravs and Mallyas blindfolded but are now punishing MSMEs who have done nothing wrong.
What an eye opening talk.. Tnq sir.. For Educating..
Ultimate and enlightening
A BRILLIANT ECONOMIST AND ORATOR TOO.HOW COME HE IS NOT ON THE SEAT OF OUR FINANCE MINISTER?
Guru you are phenomenal, Sir. Hats off to you. Please visit the ill-informed, Raga obsessed yellow newspaper editors if Delhi and educate them and enlighten them. None of them, not even collectively, know even one per cent you know.
Around 35 minutes, he said "whether Trump will be there or not after 2020, no American president will be able to reverse Trump's policies". Indeed it is true now.
fearless free thinker. One of a kind!
Very informative & interesting....!!
The EU and UK both printed notes over the last few years in an unprecedented manner !
Woohoo hooo the legend
Mark my words. All western universities would soon propound new theories after Gurumurthy's speech.
Very insightful, thank you for sharing!
Great discourse!
Awesome mind boggling insight of the economy. Surely this should form the basis of our future economic policy.
This is goldmine!
Sri Gurumurthy is a great mind !
Pleae available this lecture in hindi so all we got benefit from this knowledge
Worth listening.
Keeping aside any specific regime in govt in the past 20 years ,Frankly haven't had a better understanding of the much celebrated high growth earlier realise the linkage between growth % and various ways that can be achieved.it definitely a strong reasoning to have a different path to manage indian economy.Open to learn & understand more .Very interesting.
Great speech
Free economic thinking within india more important than outside india. We should introvert what are our problems and find solutions for it.
Great. Selfrespecting and those who can afford KINDLY spread this in various languages throughout Bharat.
Is it possible to translate this speech in all the languages of our country in an explanatory manner, that can be understood by the common person with no background or knowledge of formal Economics? If this is done, and channeled to reach the simple citizen, along with other landmark speeches of other thinkers in other subjects of nationsl importance, it will assure the continuation of the present Govt. for the next five years.
Brilliant especially on the ideas on Japan and smes
awesome speech!
Hope NaMo wins in 2019 with a bigger margin..then..
1.GOI can do currency swaps with Saudi/UAE/etc.
2.GOI should think of printing/minting it's own 'GOI money', ex. ₹100 and below, divesting the RBI. Use Vivekananda / Sardar Patel/Bhagat Singh/Tegh Bahadur/Kalam/SN Bose/JC Bose/Tagore/Tiruvalluvar/Dr Ambedkar and others. RBI notes can continue with Gandhi.
3. 'GOI money' can Fund States against Natural calamities/wars/fill critical gaps/ Universities/R&D in Defence/medical..
As 'GOI money', it cannot be traded in money exchanges for foreign currency.
Thanks for the upload.
Jai Hind..
Very very informative speech
Good compilation ! Great 👍
Damn...THE FRBM law took me by shock...
He is real economist... Not mediacrot of fakers
Nationalised Banks should be recapitalised by the Government and then privatised . As Government owned banks can not be expected to work on Fair commercial basis because of political interference in there functioning . RBI should act as an independent regulator and their representatives should not be on the board of any bank.
true their is point in still running the socialist idea of nationalisation we already suffered from it in period of 50s to 90s learn from mistakes lets claim what in 1st century used to be our throne as economically prosperous nation in PPP
but r & d should be focussed
Ohh so the ICICI loan issue will come up right same like Videocon and Chanda kocchar from where all of you PEOPLE'S come up suddenly in India after 2014 it's just irritates
FANTASTIC SIR.....🙌🙌🙌🙌
This man should be the Finance Minister of this India
Read history of KVB bank, with people of 7 lakhs in karur district (TN) built a capital of 50,000 cr. They made a saving driven industry within their area. These things lost once banks were nationalized. Highest per capita city in india is a small village in Gujarat who are building AJANTA clock for entire country, totally driven by local savings. IN india uneducated drives economy and employs the educated ones...!!
- Gurumurthy Sir..
Watch his other videos to understand the true india.
Two persons in India are economists one is Dr Modi and other is this gentleman inspired by other economist Dr. Trump. Logic-1. High denomination notes are cause for high asset value therefore 1000 RS note is replaced by 2000 RS note. High foreign investment during UPA was the cause of NPA but bullet train funding by Japan is most original thinking by this government.Let the logic rest in peace..
Hahaha brainwashed
Its a proven fact that inspite of depreciating Rupee Exports fallen in all the previous months. No one can say no to this.
Lol exports grew by 17% last quarter.
Doing the right thing does not guarantee election victory or even appreciation from fellow being. Hope modiji understands and has some trump card under his sleeves for 2019. If congress wins, I will buy gold and get out of ruppee. If modiji wins, I will sell all my gold.
Modiji will win again.
very good speech
GURUMURTHY IS A GTREAT THINKER AND TRUE PATRIOT
How is the economy doing under your advise sir? Why are you keeping quiet about demonetization now?
Abolish IncomeTax to that of only one TurnOverTax with compulsory TDS without any reservation and anomaly regulated, then India will topple all known revenue and unaccounted money will vanish overnight. FDI will flood without any regulations. India become hub for World Trade Centre. Indians known for clever moves.
Sir indian govt has pledged almost all there securities now how they will print more rupee
If someone needs a saint from Kancheepuram to guide ones life, it is rather rich for that person to advise on confidence and independent thinking...
If foreign funds hv come into stockmarket,it is Fii money,and govt only allowed Fiis,and bring in money thru cp's,and don't you think,Rbi or govt, didn't inquire into the funds flow from Hawaiian/FIji islands?
The conclusion is our discourse should be on policies and not political. But i have no hope in Media( neither global or indian).
Planning Commn. replaced by Niti Ayog, which also failed to promulgumate Indian thought in policy making. It just engages PWC, eny, KPMG to project plan! Effectively We shifted from Russian failed model to embracing Western model specific to them!
.Here is the list of subsidy that goes to richest and Highest income population of 15%. Why no one question that? Because those report writers and media owners are part of the beneficiaries.
But they make make loud noise to stop all subsidies to poor and people living below poverty line.
1. India staring at fuel subsidy burden up to Rs 53,000 crore
2. Indian airlines get Rs 4600crs(28000crs in 5yrs) every year to cover it loss.
3. Public sector banks got Rs. 87000crs..
4. There are many more public sector companies get subsidies over Rs. 150000crs.
Crippling over the situation and our now a day mind as multilateral phenomenal access of buying like Oil....Oil your own machine makes a country so big that could not be toppled over.
Cannot have national economy based on dollar inflow
ॐ, श्री गुरुमूर्ति जी को सुन के कुछ आशाएं मन में जगी है, उस से प्रेरित मैंने उन के यह भाषण को कन्नड़ में अनुवाद किया. उस को यहाँ प्रस्तुत कर रहा हूँ, drive link के रूप में .... drive.google.com/open?id=1r5U95tQJsaKr8tTdjE01e4ocjhV6Uz-t
आप इस को अपने कन्नड़ जानने वालों से बांटेंगे तो कृपा होगी..... धन्यवाद.
Hey! Advertisement Times of (anti) India please make note of Gurumurthy. Does anyone come anywhere near him? Don't continue with your anti India and pro Raga agenda. Times of (anti) India, please make due note,, y your approach will definitely spell your doom. You have exposed yourself so much by this time. Time is a great leveller. Hope TOI understands it.
There is no economics discussion for the decisions like demonetization. But there is political discussion. Politics interfering all the subjects will give only bad results to the nation as a whole.
good story teller
RSS should appoint Subramaniyan swamy as prime minister & guru murthy as finance minister
But hindi driven RSS won't do that even that's good & fortune for Hindustan & Hinduduva
Don't bring Hindi here. Completely unproductive to bring language here. I can say a lot in return too. I can say that South India doesn't give a shit about BJP so why will BJP give a shit about South India. This track of conversation is not good.
@@ameyajoshi8849 hey bro, in South India a lot of scientifically proved Fake Aryan-Dravid theory was propogated to break Hindus.
But now Hindus are rising and becoming aware.
So, don't worry.
@d k, Yes... Mutual love among Hindus will bust these Breaking India/Hindu forces. Let Dharma be with us.
His analysis is good. But his predictions are based on his inclination towards India which time should say whether it is correct or not.
Modi is saviour of India unfortunately.
Non self confedic people are Indians.
First half.
Despite death and heart attack people are not riotic over Demonetization. That's faith of people on Government.
Second Half.
*He is living in a make-believe world!*
What the hell with this FRBM Law?
👌🙏✊
As Dr.Swamy admits, he's an accountant and not an economist!resting on past laurels...rich..legacy..civilization.. has landed us no where!in fact, these two factors have disabled us in not adopting to fast changing science, technology...that moves at that terrific pace!small countries like Korea, Taiwan,Japan. .
Have been agile and race forward in a span of two or three decades India with its heavy baggage of 'ism'...and inertial &retrograde minds refusing to adopt the dynamics drags on with outmoded minds& ideas who want to reinvent & rewrite history!true nationalism borders on fascism and what's the need of hour is patriotism as French president Macron said!
Does raghul gandhi know something about what this gentleman is talking about..should someone not educate him? He and his cohorts are sounding irrelevant with each passing day.
Who is Rahul..is he prime minister.. Is he minister..
He is powerless if u want to know his credibility make him pm otherwise its no use in asking powerless..
Sorry you are expecting too much