Raghuram Rajan on Demonetization
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- Опубликовано: 20 окт 2024
- As Prime Minister Modi makes a strong case for tough decisions like Demonetization, an equally firm counter view has been presented by former RBI governor Raghuram Rajan. In an exclusive sit down with Barkha Dutt Rajan said Demonetization was a "jhatka" that hit the economy along with GST and the "stress in banks." Arguing that the business community is anxious he said they don't need "any more surprises." Rajan has just broken a year's self-imposed silence with a new book: 'I Do What I Do'. Watch this excerpt as he says "At this moment our growth is nothing to write home about." Barkha Dutt The Week
*He was not Aggressive*
*But He is one of the best* *Honest and Cool RBI Governor*
GDP is increasing very fast.
See how 👇.
.
G - Gas price
, D - Diesel price, P - Petrol price
True
Yehhh very high
@@t_ohar8007 petrol crosssed 100
Gjb
Pehli baar 100 ka aanka cross hone k Baad logon ko dukh hua hai
We need more people like him! So articulate and thoughtful 🙏🏻
He is an IITian and not illiterate like our prime minister, who is showing fake dreams to indians.
Vipashayana he is fooling up all of us
He is also a part of the BJP MEGA CORRUPTION.
ya and he destroyed the economy with his high interest rates!! No matter which party w=you support the language you used here is disgusting!!
Vipashayana I want him as my Economics Teacher,soI could read Exonomics again.xD
Nobody can make a difference as long as governments are run by people like Modi, Shah and Jaitley.
No wonder why the American newspapers published that he should be the next chief of federal reserve there. He is an asset to India, but due to BJP we lost him.
In order to lead the country you need great capacity to understand things in the right perspective and the readiness to put in hard work to tackle issues. It warrants only basic education formal or informal . Being a great economist, or a specialist in any field for that matter does not guarantee of being a great ruler. Above all these qualities the leader ought to be above of all selfish considerations. Of course India had better educated PMs. But Mr Modi stand out in his capacity to see things in the right perspective. His selflessness cannot be matched with ordinary fortune-seeking leaders the country has produced after independence. He might not have been able to provide with all he promises he made. But his promises and his struggle to bring forth them are earnest.
the
Yeah but India needs this personality back again as a Governor
bjp is no way against him and vice versa..
absolutely correct sir
Take P Chidambaram who helped Pak to print our fake currency. RR is also part of that gang. Modi just fukced them. 😂
He is so clear with his thought process
I think I can say one thing.
I trust Modi more than the Congress. But I trust Raghuram Rajan more than Modi. And that is the difference. Bhakts believe Modi over a highly educated man like Rajan
Aditya Kumar
Rajan understands economics, but do you think he can remove corruption from the top levels in govt, can he eliminate congress party.....?
No, only modi can do that.
Bhakt Spotted
Soheb Rehman
Chutiya spotted
Soheb Rehman
Gaandu spotted
Hahahaa
What a clear vision. Hats off to you sir. We need people like you in our country. RBI should get autonomy , so that it can take decisions which are in favour of our economy without being politically pressurized.
Excellent person.. Method of elaborating any issue is quite good..
Raghu ram Rajan we salute you we are sorry for the government treatment to you...
Md Danish
Are u not sorry for voting for cycle party in u.p. ... ?
@@LalitKumar-cu5iu Bhai i UP election cheating was done.
EVM.
@@introvert52
Kuch log kadi election comission par ilzam lagate hain, kadi army par, kadi supreme court par, kadi Rbi governor.... sharam bhi nahi aati aise logo ko.
Zara padh likh gaya hota bhai tu apna jaahilpana na bikerta jagah jagah
@@LalitKumar-cu5iu you nailed it
Sorry? 😂
He was economic adviser of then pm Mr Manmohan Singh.
Manmohan and ragunath rajan are best governor's of rbi got so far we miss you sir uneducated people are in power
Watching from Saudi Arabia. We need Mr. Rajan as RBI Governor and Mr. Shashi Tharoor as the PM. No doubt, we will be the No.1 at least in Asia.
" No more surprises !! " practical words. I now admire Sir Rajan.
He could read me the dictionary, and I would think he reading me the best novel ever, he is so articulate and thoughtful.
Demonetization taught children more economics than schools ever taught
He was one of those people who predicted the economic crisis post 2008 accurately much before it actually hurt the world economy.
Some random tea sellers doubt his ability 😫😫😫
Bhakts dont comment here because its tough to catch up with his high vocabulary.
Yamin Perwez haha Like Jihadis have done phd in English vocab.
Anmol Sharma you need common sense not phd.
Jack Naga are you also a jihadi ?🤔🤔🤔
Anmol Sharma I'm a common citizen with some common sense. Definitely not RSS😂😂😂
Jack Naga obviously you are not RSS i know that, how can a jihadi be RSS ? 😥😥😥😥....
jab sare anpad baithe ho govnt me to padhe likho ki kaise manege
Science Story
Ek pappu bhi govt banana chahta hai
Rahul Gandhi is much educated and intelligent then Modi....Modi knows how to make fool people to get their votes through his specking lie. Modi good in dirty politics as he was CM of Gujarat and what he did in Gujarat.. everyone knows.
@@funentertainment4614 hehaha
Highly educated MMSingh ney kiya kiya??? Apney desh ka kuch nahi ho sakta.
@Angelo Wilson demonetization crippled the economy no doubt, but MMS really did nothing except take Sonyas orders.
Dwmonetization did worst thing to economy of india.poors were standing in ques and most people who kept inthe bank ,till now didnt get back there money in their account.
fuck off
u r assholes
And a pure embarrassment on the global scale because we proved ourselves to be extremely politically illiterate to have put a government into power that has no accumen to run the Indian economy. It's not just that we showed poor judgment but we did so in a rather self-congratulatory manner.
We don't deserved him,tbf he's my all time RBI governor
hope he works for india once again. a thorough gentleman. not like the brain less guys who rule india
Best RBI governor till date .....
Mms was best he is 2nd best
Unfortunately we are still in the same state of growth and GST has not done anything to help stabilize. Hopefully the dip is temporary.
he is the most intellectual person i have seen in my life
The issue with Namo government is that mediocre people were in control of important policies. Thanks.
Bhakts don't comment on this comment thread .....they know why 😊😊
Nature Nature because bhakts english :)
Well explained the situation of Indain Economy...Modi puncher's the Indian economy
faizan baig
Chup ho ja yaar, tum sab ko siraf 1 tarah ki baat aati hai
When one decides to do something that hasn't been done before we need to be ready for the unseen. Bold steps are beset with risks. We must not kill enterprise and boldness by pulling down people, analysing things in hindsight. Yes it could have been better executed but to say demonetization itself was a blunder is foolishness. Cmon countrymen after decades we have someone who is ready to break status quo and it is unfortunate if we are willing to pull each other down like we did when east india company came in. Looks like we haven't learnt much. But all said this chap rajan is brilliant and a great teacher for sure
Modi ji padhe likhe logo se dur kyu bhagte h kyuki vo sahi samjh rakhte h kisi chij k baare me...raghuram one of thm intellectual man in our country...👍👍
Lots of sufferings because of demonetization
Sir....U r a gem of the country....I wish someday u ll handle finance portfolio of India.
4:30 main points
He is so clear and rational..we need more people like him who have the courage to speak their mind..arundhati bhattacharya should have been like him..she was just govt puppet and did everything to destroy the SBI
Such an intelligent and straightforward fellow...!
The issue is how Demonetisation has to be implemented. It is the process of implementation which is being discussed here. To prepare ahead of time to print the new notes would have kill the surprise.
Such a great economist is not given extension. It surprises India. also shows the adamant proud nature of this current government.
He is from my state.... Proud of you mr. Rajan.....
If u r working at secrecy, u can't work at double speed! one line RBI why failed to produce enough currency during demonetization
We need people like him to advise our leaders...the way he speaks is a testament to his knowledge. PS he also predicted the 2008 economic meltdown.
I fully agree with you that we need people like him to advise our leaders, but the leaders must be ready to listen to a sound advice. The latter species is sadly lacking.
we need him governor again
Demonetisation, people talk about GDP fall, people suffered, savings lost. But it was bigger than this. The black money laundering was curtailed. Maybe the bigger criminals had a way out but the smaller ones were stopped. It had to be done without anyone knowing, meaning no printing of notes earlier, there were losses but a damn brave move.
Demonetization was draconian , just imagine a case where a person had withdrawn to purchase land or flat or marriage on the day and then told that it is not valid. The amount of stress PM has put on people was very high, on top of it he tried to justify that with the explicit's of corruption, getting back 3 Lakh crores dividend from RBI etc..etc...
Desh bhar ke chaurahe modi ka intezar kr rahe hai
LOL.. Our prime minister is so violent that he even said this . millions of people are suffering due to his wrong decisions. Poor people lost their jobs.
aoopn kumar.... Kabhi hamre churahe pe aye ap.
aoopn kumar
Chup baith bhai
Soheb Rehman
Tyjko bura lag gaya kya ?
It Is Possible kahe apney aur khandan ka naam bata raha
He is through gentleman and one of the best economist in the world.
HATS OF TO SRI. RAGHURAMRAJAN JI UNBIASED AND COMMENTS ONLY AS ECONOMIST AND FORMER RBI GOVERNOR. SHAME ON THE GOVERNMENT NOT TO HEAR AND IMPLEMENT HIS DIRECTIONS CORRECTLY. SAME TREATMENT GIVEN TO HIM AS SRI.KALAM JI???
best of luck for your future endeavours Mr. Rajan .. we dont deserve people like you
Small correction it should not be " No more surprises", it should be "no more shocks".
Such policy experiments like demonetization and gst by government should be encouraged , even if it fails , but these vital instruments like rbi should be taken into confidence.
👍👍👍👍👍👍👍👍👍
great man...
we actually need people like him....Rajan was the Chief Economist and Director of Research at the International Monetary Fund....offcourse he has some good experience and knowledge...Before voting just see the educational qualification of the candidate...it is not a proud thing to say india is a country who is governed by a tea seller...i think it is a matter of shame that we have chosen IAS IPS. IFS .who have undergone a very tough journey to do something for the people..And the person who is going to give instructions to these people,who will make policies for the people is a uneducated person...It is shameful for the people of this country to choose our M.Ps who are illiterate ....Nationalist sirf speeches dene wale log nahi hote... kaam karne wale log v hote hain...kaam karne walon ko choose karo...Itna padha likha hoke agar koi politics jaise area me aata h maximum chances h ki country k benefit k liye aaya h..and his policies will be more well thought and rational.
What a sensible person!
It's scary when Barkha blushes , lol!
RAGHURAM RAJAN.JI BIGG ECONMIST QULIFIEDED HONEST IN WORLD NEXT P.M OFF INDIA DESH KI PUKAR
Yes raghuram rajan is right
Excellent sir
Mr. Raghurajan deserve for finance minister.
This is an example, where ignorance win over knowledge
it is learnt through the news in media that nepal where indian currency is freely accepted has asked govt.of india to exchange old currency notes of rs.500/1000 if it is fact what the decision has been taken
I wish Mr Raghurajan should be our next RBI chief again. Demonetisation was a drama to win UP election not withstanding the loss country will face.
How the cancelled notes are still coming out?
Best RBI GOVERNOR TILL DATE
'No more surprises? ' is the conclusive request of Rajan bhai. The demonetization could be carried out only in a poor ignorant third world country with a cheap currency. You cannot imagine such a move in a developed economy. After all there are those words of promise by a sovereign on every promissory note. Perhaps some illiterate could not comprehend the meaning of such a promise, and the implications of such an exercise. There are many other ways of pursuing the corrupt instead of this...
Macshil ah .... oh wow first time found someone talking about the promise made on promissory note. I m tired explaining about this basic and the most strong oath made on currency everywhere in the world
Such as bailing out banks and paying banksters fat bonuses.
Ms. Dutt could have kept her volume less than the distinguished guest
Our tools in Banks are inadequate.
Raghuram Rajan best economist
Now demonitisation happened. Let us hope for the best.
Greayy knowledge person v r missing him a lot
The best governor RBI has got yet
Wish my finance classes were this clear and articulate.
Bring this guy back to his post...............
watch the anchor for 1st min (0:27). she herself is confused. she says, "there were speculations whether you were on-board or not on-board; and you were clearly not on-board" - what is this - speculations were there so that man wrote the book.
more than looking for answers, she is interested in bombarding questions
Country economy needs committed, knowledgeable, well versatile economist like u but we missed u because of some barking leaders we missed you
Mozo needs to be congratulated to present very mature subjects
There is need to show the mature studies of leading people as raghu ram rajan ji, Manmohan Singh ji
This way real education and facts surface .
He had been a great governor. I don't understand why Urjit Patel replaced him
Because they donkeys are from Gujarat
29.08.2018. RBI has completed counting and announced 99.3 % of cash was returned to RBI. It is proved beyond doubt DEMONETISATION WAS THE WORLD'S WORST ECONOMIC DISASTER.
I salute u and proud of u
Did Barkha understand what Rajan is explaining. Raghuram Rajan is clearly explaining that Government can go ahead without RBI's permission.
SIR I HAVE FEW QUESTIONS.....1)you may agrre that In kala dhan actually less than 1-5 crores people might me involved......our 120 crore people are non tax payers and poorer ...by demontenisation they were put to severe inconveniences .many of them due to illness etc possibly could not exchange their one or two notes of rs 500 and 1000 ...which was their hard earned money......what is answere to this
2)Why notes of RS 2000 PRINTED if cashless transactions were to be encouraged..mostly 120 cores genuine citizens pay by credit card or cheches high value transactions above rs 1000 . cash transactions by 120 crores is normally for amounts less than rs 1000.then for what purpose printing of Rs 2000 notes serve.is this not a wrong decision.will it not help back money again.
3)to tackle black all those issues like black money ,fake money etc......if we could have done simple method...... a)Tell banks /govt deptts to hold back all 500 /1000 notes received by them and give out new notes .of rs 500.100.50...Print only equivalent of notes received to balance cash flow.Gradually all genuine currency would have been deposited in a year or so.b)After some time give out a date that old currency will not work in transactions and can be converted legitimately after due accounting in banks .this way fake currency would have killed itself.120 crores people who did not have black money would not have beed hit by demonetinisation.Only few lacs/thousands who had un accounted large sums would have been affected ..and that was the purpose.
lastly.....all notes bear a unconditional govt undertaking...i PROMISE TO PAY......and not accepting these notes at any stage with whatsoever reason is un contitutional act.One can ask the source of these notes ...but cannot refuse any one to exchange .
And this single most factor which probably affectedly harmed 120 crores and may have deprived 100 crores pooerer to exchange their hard earned notes intime will be contributory to anger them for many times to come..
India me talent ko value nhi........aisa hai Mera India..
I have the right to speak to our public servant manendra modi that you played well bro
Making people emotional on the names of MOTHER, GANDFIJI, COW, YOGA, NATURAL THINGS,
You played well bro
But who is your boss?
Who controls you ??
Adiani? Ambiani? Amit seah? WHO'S YOUR DADDY??
Hope the Indian voter discerns before voting, keeping in mind the more objective data rather than propaganda.
It's a hypothetical question, I don't want to answer
Even Manmohan Singh does not appreciate surprises. But general population of India moves on faith in the leadership that they have chosen.
further the amount is said to be rs.950 crores
I think, Demonetization and the GST induced slowdown will not be an issue at all this time next year, but we seriously need to clear our as many bad loan and defunct or stalled projects if we don't want a collapse. reorganization and reconstruction of stalled or defunct companies need to be adjudicated quickly to free up many banks and give them a final picture and not keep them in limbo
(all this with a requisite that the govt doesnt unload any new surprises which might deter the public and prospective investors) the economy will regain its old growth projection very easily
More time more corruption and more black money
Great Economist
See today.... The current situation is getting worse day by day.
he is so God level precise
RBI should get an autonomy, its transparency cannot be got questioned anymore because of such foolish and corrupted governments.
Well now we know it's bad for economy
4.5 GDP and in the new way of calculating GDP put forward by the govt only.
If RG weren’t there, congress could’ve overthrown this govt just on basis on failure of demonetisation.
Damn u weak opposition.
PS: i am not Congress supporter. ☝🏻
We should choose scholars in Parliament...not unpad
which book is that
I do what I do 2017
@@sakshibaoker7886 thanks
Chaywala replaced a prodigy in economics with the vice president of reliance. We lost a prodigy who cud hv extended much to this country.
Why he wants so much publicity to say He was the important and the only person who has got the right path to success in future.?
The current govt has made corruption "organized". They failed to eradicate the same. Why is till date oil is outside periphery of GST? It is said that petrol diesel will taxed at 28% & state's will levy VAT. Again shall be a mistake....
tis man is simply great
All economics experts wanted Demonitation , now they slipped. Failure if any is due to poor Government machines and tools.