@@1729krish agree jus like manmohan was a great FinMin not at par with rao as PM. In India , it takes shrewd politician, jack of all trades to get hold of multiple angled problems and not focused expert. May be true everywhere.
One way to increase confidence in market is to allow RBI to declare a company "defaulter" for 6 months if loan is not repaid after dead-line instead of immediately calling it an NPA. That ensures that the defaulter can not do ever-greening. If the defaulter is unable to repay after 6 months, then the loan should be declared NPA. This sounds small, but will produce a huge psychological boost in the market. A slight (I mean a very small) depreciation of INR against USD may also be needed.
After watching i certainly say in front of s jayshankar Morgenthau,kenneth waltzh,Mearsheimer and even Chanakya seems to be far far far liberal. Desh ache hatho mein hai!mera desh badl raha hai😎
29:10 About the trade deficit with China. Is that not a reflection of the lack of competitiveness of Indian goods and services when compared to those of China? Clearly, China has a comparative advantage in goods; what the Indian economy clearly lacks is a Chinese orientation. It is a moment of introspection for the policymakers in India that all this while, for the past 70 years after becoming a republic, Indian policymaking had largely assumed the perpetual dominance of the Anglo-Saxon order despite gaining independence from the same, and geared its entire educational system towards orienting the Indian economy for continued subservient participation in this order. The rents from that investment are plateauing faster than ever before. The time is nigh for a renewed investment strategy to reorient the Indian human resource base for the changed world. Though India assumed leadership of the movement to decolonise the third world, she, or her leaders rather, shared the same essentially snobbish outlook of the western countries that the Third World was bound to perpetual poverty; a servitude of the mind. Never in their wildest dreams did they anticipate the rise of China or the Asian Tigers. They are paying for that miscalculation now by the billions. Cannot fault the government for going back on RCEP; but it does not show the readiness of the Indian economy for competition in any good light. India needs to really buck up. Just look at Singapore, the tiny nimble nation that is the richest in the world (which became independent after being thrown out of Malaya in 1963). Decades after Lee Kuan Yew forced the continued imposition of English on the Asian population in Singapore, his son and successor Lee Hsien Loong was recently seen encouraging the usage of Mandarin Chinese; a clear signal of the changing tides. It is not that India has that great a trade balance in goods with the US; the surplus in services more than makes up for a trade deficit in goods with the US. The Indian view of China is still too largely influenced by the bitter taste of 1962. India has to move on; China has to be seen for what it is today and not what it was 50 years ago; economically, the largest potential consumer market in the world with the world's largest appetite for services. Politically, a communist monolithic dictatorial state.
For a curious soul with more than passing interest I just listened for the third time our FM’s astute and articulate speech to a suitable degree of delectation as ever. However on closer inspection it slowly occurred to me that his excellency with obvious advantage of hindsight is long on what we should not have done in the past and short on what we strive to do in future. May be it is not the right occasion. May be his day job precludes such public pronouncements. What little I gleaned from the bravura of his diplomatese I detected a preponderance on the side of clearly defensive stance in our future of foreign policy, a kind of “fortress India” position exemplified in reference to such remarks eg inviolability of our boundary (By extension does it mean what goes on immediately beyond our border does not matter. What about the doctrine of a neutral buffer state. We already lost such age old buffers in the form of Nepal and Bhutan. Shouldn’t that cause a visceral anxiety in the appropriate circle ?)--- reasons for not joining RCEP et al. This I find incompatible with our “super power”(global or regional he did not mention) ambition he mentioned en passant elsewhere in the same speech. Power has to be seen not heard. There is however a particular observation made by him struck a resonating chord with the listener. I am here freely paraphrasing of what he said not in so many words ;-- “all bold moves are not necessarily effective move”. I sincerely hope he has the ear of our PM to pass on the golden advice of choosing our battle carefully, every now and then.
unfortunately...you havent provided any new measures or steps you'd like to take...blaming history is very easy but understanding the actions by the then govt in the perspective of challenges at that moment is something which is not taught in IAS You talk about the compromise with Chinese - India take Arunachal and China take Aksai Chin, is this what foreign policy be under you? Stop pandering to China! Foreign Policy of a country is just not reactionary as has been India's but it should also set a new benchmark at the global stage. First of all MEA has to come of this "reactionary" dogma and make policies that are clear and consistent with scenarios existing and future situations
I hope a few journalists learn something from his lecture. So powerfully delivered with strong sense of reasoning. He always wins my heart!
One of the best Minister in Modi Govt: Dr S Jaishankar. Appreciate his wisdom and assertions.
This has been crisp, clear, honest and well articulated assessnent of our foreign policy so far!
The perfect man for the perfect job
The man India needs as FM, the man i want to listen even in bad mood.
Crisp. Clear. Concise.
So many lessons to learn from this speech.
Very realistic outlook of the world order and where India fits in today and what we learned from history...... Fantastic speech.
A future PM candidate maybe...
@Big Sam
We can wish that... but there is no alternative to Modiji at all.
One man who can replicate the maximum to Modiji is Devendra Fadnavis.
@@prana2946 Devendra Fadnavis is very young. He maybe a potential candidate but needs to groomed more. Some more time as CM is needed i think.
@@1729krish I agree. I was just dreaming. He is not a politician. He got his current post only because of his expertise, not his politics.
@@1729krish agree jus like manmohan was a great FinMin not at par with rao as PM.
In India , it takes shrewd politician, jack of all trades to get hold of multiple angled problems and not focused expert.
May be true everywhere.
Please if possible provide link of speech in description box given by Honorable external Minister.In documented form.
Thank You.
www.mea.gov.in/Speeches-Statements.htm?dtl/32038/External_Affairs_Ministers_speech_at_the_4th_Ramnath_Goenka_Lecture_2019
After adhil sir recommendation or home work 😂. Support Adhil( Ad).
Long Live INDIA and INDIAN DEMOCRACY
One way to increase confidence in market is to allow RBI to declare a company "defaulter" for 6 months if loan is not repaid after dead-line instead of immediately calling it an NPA. That ensures that the defaulter can not do ever-greening. If the defaulter is unable to repay after 6 months, then the loan should be declared NPA. This sounds small, but will produce a huge psychological boost in the market. A slight (I mean a very small) depreciation of INR against USD may also be needed.
After watching i certainly say in front of s jayshankar Morgenthau,kenneth waltzh,Mearsheimer and even Chanakya seems to be far far far liberal. Desh ache hatho mein hai!mera desh badl raha hai😎
Coming out of nehruvian dogmatic foreign policy.
29:10 About the trade deficit with China. Is that not a reflection of the lack of competitiveness of Indian goods and services when compared to those of China? Clearly, China has a comparative advantage in goods; what the Indian economy clearly lacks is a Chinese orientation. It is a moment of introspection for the policymakers in India that all this while, for the past 70 years after becoming a republic, Indian policymaking had largely assumed the perpetual dominance of the Anglo-Saxon order despite gaining independence from the same, and geared its entire educational system towards orienting the Indian economy for continued subservient participation in this order. The rents from that investment are plateauing faster than ever before. The time is nigh for a renewed investment strategy to reorient the Indian human resource base for the changed world.
Though India assumed leadership of the movement to decolonise the third world, she, or her leaders rather, shared the same essentially snobbish outlook of the western countries that the Third World was bound to perpetual poverty; a servitude of the mind. Never in their wildest dreams did they anticipate the rise of China or the Asian Tigers. They are paying for that miscalculation now by the billions. Cannot fault the government for going back on RCEP; but it does not show the readiness of the Indian economy for competition in any good light. India needs to really buck up.
Just look at Singapore, the tiny nimble nation that is the richest in the world (which became independent after being thrown out of Malaya in 1963). Decades after Lee Kuan Yew forced the continued imposition of English on the Asian population in Singapore, his son and successor Lee Hsien Loong was recently seen encouraging the usage of Mandarin Chinese; a clear signal of the changing tides. It is not that India has that great a trade balance in goods with the US; the surplus in services more than makes up for a trade deficit in goods with the US.
The Indian view of China is still too largely influenced by the bitter taste of 1962. India has to move on; China has to be seen for what it is today and not what it was 50 years ago; economically, the largest potential consumer market in the world with the world's largest appetite for services. Politically, a communist monolithic dictatorial state.
Nice...
For a curious soul with more than passing interest I just listened for the third time our FM’s astute and articulate speech to a suitable degree of delectation as ever. However on closer inspection it slowly occurred to me that his excellency with obvious advantage of hindsight is long on what we should not have done in the past and short on what we strive to do in future. May be it is not the right occasion. May be his day job precludes such public pronouncements. What little I gleaned from the bravura of his diplomatese I detected a preponderance on the side of clearly defensive stance in our future of foreign policy, a kind of “fortress India” position exemplified in reference to such remarks eg inviolability of our boundary (By extension does it mean what goes on immediately beyond our border does not matter. What about the doctrine of a neutral buffer state. We already lost such age old buffers in the form of Nepal and Bhutan. Shouldn’t that cause a visceral anxiety in the appropriate circle ?)--- reasons for not joining RCEP et al. This I find incompatible with our “super power”(global or regional he did not mention) ambition he mentioned en passant elsewhere in the same speech. Power has to be seen not heard. There is however a particular observation made by him struck a resonating chord with the listener. I am here freely paraphrasing of what he said not in so many words ;-- “all bold moves are not necessarily effective move”. I sincerely hope he has the ear of our PM to pass on the golden advice of choosing our battle carefully, every now and then.
SAB SE AAGEY HONGE HINDUSTANI YEH BAAT HAI SAB NE MAANI
unfortunately...you havent provided any new measures or steps you'd like to take...blaming history is very easy but understanding the actions by the then govt in the perspective of challenges at that moment is something which is not taught in IAS
You talk about the compromise with Chinese - India take Arunachal and China take Aksai Chin, is this what foreign policy be under you? Stop pandering to China! Foreign Policy of a country is just not reactionary as has been India's but it should also set a new benchmark at the global stage. First of all MEA has to come of this "reactionary" dogma and make policies that are clear and consistent with scenarios existing and future situations