Finally , an economist explaining the brutal truth based on extensive research instead of simply coming up with short-sighted , poorly researched explanations to our problems . We truly need such form of debate , we need to speak about the next 500 million and the informal sector of the economy .
I am deeply thankful to the print for acting like a journalistic organisation and hostinf such experts. Sadly I am unable to give them any money due my lack of it but hopefully one day I maybe able to give good money for good journalism.
Yup some day I shall as well....Among the increasing bunch of morons pretending to be journalists , this is a place that I come to listen to..love cut the clutter..Will pay you for this someday!
Spellbinding. Enlightening. After being freed from the shackles of being a government economic adviser, Mr. Roy has come clean on what ails the economy and how governments lack of policy is complicating it further.
You have made me understand the Economics of our country by bringing the behavioural patterns of elitists and our Historical-social notions of production and demand. Excellent analysis of systemic issues. We have enough people who want to be entrepreneurs and have the ideas., but the belief in our own ability to be able to do so is tinged with the ideas of insecurity with respect to the government policies that change from time to time. Taxation laws etc. Thank you Print for the best interview and talk delivered.
@@ThePrintIndia how do I contribute monetarily as support to good journalism. I am a senior citizen and a retired Prof. Kindly let me know. I don’t use PayPal etc. but debit and credit card.
Oh my god. I have never seen a more succinct explanation of the condition of India than this video. Thank you professor. I have been looking at international economists who investigate inequality to marxist economists to classical economists but never found someone who spoke in simple language and conveyed so much.
Please please give me a better quality version of this video and good sound quality. Some words are not clear. Such a great interview. It is almost reading a great editorial written in simplest language. Thank You Print.
have always enjoyed rathin roy's brilliant diagnosis of India's problems and his scary but optimistic thoughts abt the future tht awaits India....great mind!!
Aspirational India has an anomalous set of problems which requires unconventional solutions. The direction of the citizenry aspiring for vibrant development has slackened somewhere from being citizen centric to idiosyncratic in nature. That's why the demand for pursuing more becomes wishes in once own case and just poll promises in the other as a whole. We've forgotten the old adage "The sky is the limit" and continue trailing behind the sheep-herd mentality. The tonic being to all above mentioned dillemas is a change led by the society and whose the society, collectively we all are. It was a soul-stirring talk and it got my unswerving attention throughout the talk. Dr. Roy is always intriguing to listen to although I disagree to what he mentioned as change being concomitant to age factor, however one of the best minds in contemporary society and a top economist the country has given to us. Thanks to The Print team for such a discourse !
I understood rationing of the early 25 years of living in that rationed economy and it’s consequences on limiting aspirations. I am 70 , IIT product who chose not to go overseas . Fortunately I happened to be lucky to savour derationing Of top 100 million. But the eye opener was the rationing in 150 400 million! I agree that society must change its mores. We cannot have govt subsidise .. or support.. ironic that the 5 key things are not seen as economic indicators However all parties have always talked about Roti kapda aur Makaan , but failed to fully deliver . The concept of rationed economy continuing
Salary -11,000, Transportation cost to get workplace -600(Monthly), Lunch one time-2500 to 3000 (Monthly) 11,000-3000-600=7,400 actual salary so a family running on 7,400 budget and its my story also in Guwahati City(Assam) and i donot have to spant Room Rent coz i hav My own house, just Imagine a family who also hav to spent 4000for just a single room rent Salary -11,000-4000-3000-600=2,400 only 2,400 laft to spent on food, medical or Medicine , LPG Gas, Electricity, child School ect.. This is where we got after 70 years of Independence
@theprint - lovely interview! Gave me an excellent understanding of the economy, made it clear what we understood subconsciously. 2 suggestions- could you improve the title of the video and add name of the speaker (Dr. Rathin Roy) & try for a better video quality? Thank you! Amazing content! Hope we have this kind of journalism more across the world, especially USA & India.
One of the plank of Indian state is it's bureaucracy. While enough attention is paid to Central bureaucracy, no one gives attention to state bureaucracy in all states which forms almost 90% of state governments bureaucracy. State level officers, teachers, agriculture specialists, etc. are recruited by various states on the eve of elections -its like rationing of government jobs. No prudence is followed in recruitment and management of state level personnel. How could fundamental restructuring happen without rectifying these?
Those who were born in 1950's may remember and understand what he says, those who drank powdered milk and ate upma prepared from macaroni, supplied by USA under PL 420 , agreement in their school days , who paid a premium of 18000 rs to a Vespa scooter or 30000 to 50000 rs for a Fiat or Ambassodor car in 70's prices...eat rotten rice obtained from ration shops, waiting for a kg of sugar, paid 30 /50 rs for a teligram, greased the hands of politicians for a gas or phone connection or a few bags of cement...! This changed in fact in Vajapayee period. Gas Sugar Vehicle production, cement etc were liberalised , surprisingly available every where...
@@prakashkulkarni1094 sure, my opinion is limitted to when rationing of sugar, gas connections, cement, were lifted..PVN rao , a genius indeed but circumstances lead him to open up the economy, the decision was his and his alone, ...though Mnmohan singh was given the credits by congress dynasty.
@@ShreedharaKedilaya One is not a Congress man (certainly not this one with Family in charge) but while huge credit goes to PVNR for pushing the reforms through, the 'green shoots' (much maligned term nowadays) had started with Indira in early 80s..
The problem is it's a double edged sword. Vajpayee did a splendid job but still lost the election. So, BJP has no other option that to play Hindu-Muslim agenda. But when you start doing that, the investors outside start seeing India as an unstable place, inpart due to fault of our own media. No matter Trump wins in USA, CNN is never going to call him fascist. While in India, one side claims BJP are fascist worse than Nazis, while other claims they are literally another avatar of God himself.
You spent 50 minutes on the problem I truly hope you will do a part 2 detailing the solutions. How do you bring atleast 400 of the 500 million participate and become productively inclusive and what the government is doing or not doing.
"in god we trust the rest of you bring data" - If interested, have a look at ourworldindata.org/grapher/maddison-data-gdp-per-capita-in-2011us?tab=chart&time=1925..latest&country=CHN~CUB~COD~DEU~IND~ITA~JPN~POL~TUN~VNM - Especially at how close India, Japan and Germany were in 1945 and look at the gap in 2020. Consider also south korea. It's upto your imagination to guess who is responsible
I thought very well articulated in layman's language. Being over 70, I particularly liked the rationing explanation and roadmap for the future. Of course, like most things, one may agree or not agree with him or his solutions. Economists famously differ from each other. Unfortunately the economic element is only one input in the decision making process. There are always other considerations. Sad to know that Dr Ray seems no more in favour with the powers that be. The country could gain much by him.
That's true about Telugus going aboard/ Even today many young people in Telangana and AP think about going abroad after graduation/ Now total fertilization rate in Telegu states below replacement level/and whole new generation going aboard that's a new problem
Indian independence put it in the same place as the USA when it became independent. India protected its industries just as the USA had done. The difference is that India invested in the socialist planning model. It is not apparent to me that investments flowed into India in the way it did in the USA. Indeed, that is what differentiates India from the USA. America to this day is a net importer of capital. India was averse to foreign investments because of its exploitation and colonization by the East India Company. The absence of strategic direction, efficiencies and competition produced Indian industry that was not viable internationally. They played to the playbook of oligarchies and monopolies of the Indian licence raj. The Indian industry became a rentier economy of its economic elites. If industry in its first flush of independence was intent on producing an industrial state, it swung into reverse after it opened up. Today it is defined as a consumer society dependent on imports from the world. Worst of all, it is drug dependent on imports from the state most dangerous to it, China. India deluded itself that China if it was not its friend was not its enemy. India's failure has been in statecraft.
I enjoyed the talk, thanks for posting this webinar. There were a lot of great points made. I do believe that further liberalization and privatization is the only way to create wealth in India. However, the socialist ideology is deeply rooted due to post independence structure (govt jobs, quota, anti import policies, high taxes, import controls etc). The current government, to its credit, has been trying to implement some of these policies but on the other created havoc due to demo, GST and misplaced priorities (there is no investment in a socially unstable country). The issue remains how to pull the next 300 million from lower income to middle income. It definitely is not going to come from engineers and doctors, but skilled laborers. There is a lot to go into but I hope we can correct ourselves. ps. I kept the comment apolitical, but Modi is an unparalleled idiot for ruining a once high growth economy.
The defence and railways etc create affordable housing for their employees who are part of the Indian populationon these lands, thereby adding on and fulfilling the housing problem. Cantonments were established on erstwhile un inhabited lands remote from cities. They developed infrastructure and scenic spaces. Cities grew towards them and engulfed. Now we want these very lands which was shunned by us because it's been made habitable by the defence etc. Why couldn't the municipalities do so?
Injuries are too grave now for any cures ( I'm not pessimistic). Kind of an autoimmune disorder we are now suffering from. We only live to eat . Regards
Well, I have a question. You are of course arguing that instead of always trying to increase food production, we should look at the farmer's balance sheet. Are they selling it too cheap? I agree with you. But, for them to sell at a higher price, they have to produce less, and if they produce less, some of them have to leave that business since it is not that big anymore. So, there is nothing wrong with saying that we have too many farmers. Also, there is not a single country in the world that had a growth story that included everyone's growth. Growth, by its nature, is antithetical to egalitarianism, you always have to choose the right balance.
The program is very good with good contents about reality... But it is not relayed well.some HINTERANCE or iinterference. So talk is not legible.we have to strain to hear it. It is unfortunate.
Brilliant Dr. Roy! Brilliant speech. You have actually answered some of my long-held riddles and question on why India is still limping after 1947, whereas countries devastated by WWII have rebuilt their economy and some have even grown stronger after deposing the state-planned economies of the USSR during the cold war era and now are relatively prosperous and happier than India. You have held a highly polished mirror, and stuck to the core matter of the five nation building economic concepts. And your diagnosis is so correct ... you either quit the game (leave for better shores) or become a part of the cabal who runs the game (IAS, IRS, govt. clerks etc.) Will definitely buy your book when it is out. Thank you.
"in god we trust the rest of you bring data" - If interested, have a look at ourworldindata.org/grapher/maddison-data-gdp-per-capita-in-2011us?tab=chart&time=1925..latest&country=CHN~CUB~COD~DEU~IND~ITA~JPN~POL~TUN~VNM - Especially at how close India, Japan and Germany were in 1945 and look at the gap in 2020. Consider also south korea
When you say a child should do what he wants to , also describe that in a capitalist system or a mixed system what are society expectations and keep up comes not so cheap
Sir, please kindly let the gov like Financial Minister or Prime Minister know these thoughts through a letter or something. Maybe finally better sense will prevail.
Fantastic! This flies in face of the otherwise constant bombarding on this channel for narrow minded privatisation of pulic assests - Something for Shekher Gupta to digest properly
Who are you to decide what one should do. Those who want to join the services , let them join. Those who want to be entrepreneurs let them become one. You have no right to tell a person about what one should do & what one shouldn't . Every employed human being whether govt. , corporate or business plays a role in society & is equally important.
@@omduttdixit3433 Lol we don't want great economy we need happy economy , great companies only increase economic difference. Also if you thought that 'babugiri' is inefficient , you should ask Ambani & Adani why they are not paying their taxes. Also your so called 'big companies' didn't save your ass during 26/11 , it was IPS ( Hemant Karkare , Ashok Kamte ) & police officers that did. Their sacrifice matter & so does that of all other IPS & police officers.
@@omduttdixit3433 IPS officers aren't even part of babugiri. That babugiri part should be aimed at IAS only , because IAS are the policy makers & bureaucrats
the ''artificial intelligence thing'' at 43:00 min was i guess aimed at amitabh kant who kant deliver anything but where he goes he is like ''big data AI 3d printing bla bla''
And you miss the point about rationing, which you at one point call evil, then which becomes the core of your prescription for economic upliftment as well. A call for affordable housing IS ECONOMIC RATIONING! A call for reformed, affordable education IS ECONOMIC RATIONING. You mentioning the five things that a minimum-wage worker aspires to is a prescription; the very beginning of rationing. In trying to induce this situation, wherein the poorest rest get accelerated access to a minimum lifestyle which you - wearing your Marks & Spencer shirt costing INR 4,000 - thinks they should earn; are you not traversing the same path of rationing which an earlier generation of self-aggrandizing schmucks prescribed for the Indian masses then; thinking they were doing something good? What is preventing an ordinary minimum wage worker from daring to aspire for the same M&S you are wearing or indeed a better one from TM Lewin? Who are you, in your high chair, to do the thinking for other people? Your attitude is very typical of the do-gooder time wasters in government who think they know what 1,400,000,000 people would individually want from their lives. SMH. This is not the first time that or the first place where this thinking has made itself manifest - and summarily failed. The Tata Nano was one such do-gooder car inspired by Ratan Tata's vision for a car for the minimum wage worker. It was released as the world's cheapest car - and it summarily failed. It bombed so bad it is an embarrassment. People like Ratan Tata - and Mr. Roy - take the ordinary Indian for granted. The condescending manner of his telling the audience that his M&S shirt is not for the poor Indian - and the prevalence of such brains in the thinking centres of our country - is quite concerning; and stupid. The Indian consumer is not OK with a Tata Nano anymore Mr. Roy; they are coming for your freaking shirt; and even better. Don't be so condescending. Affordable housing programs for which people do not pay is likely to bomb for the very same the Tata Nano bombed - a house, a car are all things people aspire to. They want to be seen acquiring these things as a fruit of their labour - not as a favour doled out by fat babus or businessmen. The Indian consumer - the poorest of the poor among them upwards - is a self-respecting. individual who can prove to be worthy of the best rewards in life on his or her own mettle. Do-gooder nonsense of the type suggested by Mr. Roy here is the last thing they need; and I bet you my last penny that it will meet the fate of the Tata Nano.
All this talk about aspirations is just not true, why did we un ration state for first 150 million? Because of crisis. Then for next 500 million will also come in because of a crisis. And in this regard corona has been a blessing.
No wonder we have to outsource our economist who in turn arevas bad as Dr.Roy analysis. I again must say economics is not a science there is no right way. We are far better off than the ration days. There will be no utopia ever in economics and Dr Roy left leaning views doled out in innocense is devoid of truth it is his perception not research even though he quotes statistics. Ii am sorry he is short on solutions but long on sermons.
God knows what happens to the educated Bengali man (mind you, only men!) -- at some point in their late 20s and mid 30s, they get the God complex and by the time they are in their 50s, it becomes rampant raging ravaging rabid... it does mellow in later years but that is not guaranteed.
If I had this guy as my professor in college or my teacher in school, I would have been a school/ college dropout. Such a monotonous drone. And an hour of this?!?!!!
Did you hear anything he said? He discussed economic policies, gave historical data point from India and other countries, current situation and future prospects.
Finally , an economist explaining the brutal truth based on extensive research instead of simply coming up with short-sighted , poorly researched explanations to our problems . We truly need such form of debate , we need to speak about the next 500 million and the informal sector of the economy .
I am deeply thankful to the print for acting like a journalistic organisation and hostinf such experts. Sadly I am unable to give them any money due my lack of it but hopefully one day I maybe able to give good money for good journalism.
Thank you for your generous praise. Loyal supporters like you egg us to do better!
Yup some day I shall as well....Among the increasing bunch of morons pretending to be journalists , this is a place that I come to listen to..love cut the clutter..Will pay you for this someday!
u can start with small amounts... if more ppl give small amts it will add up to a lot..
Spellbinding. Enlightening. After being freed from the shackles of being a government economic adviser, Mr. Roy has come clean on what ails the economy and how governments lack of policy is complicating it further.
You have made me understand the Economics of our country by bringing the behavioural patterns of elitists and our Historical-social notions of production and demand. Excellent analysis of systemic issues. We have enough people who want to be entrepreneurs and have the ideas., but the belief in our own ability to be able to do so is tinged with the ideas of insecurity with respect to the government policies that change from time to time. Taxation laws etc. Thank you Print for the best interview and talk delivered.
Hi Nalini. Do keep following ThePrint!
@@ThePrintIndia how do I contribute monetarily as support to good journalism. I am a senior citizen and a retired Prof. Kindly let me know. I don’t use PayPal etc. but debit and credit card.
Oh my god. I have never seen a more succinct explanation of the condition of India than this video. Thank you professor. I have been looking at international economists who investigate inequality to marxist economists to classical economists but never found someone who spoke in simple language and conveyed so much.
Please please give me a better quality version of this video and good sound quality. Some words are not clear. Such a great interview. It is almost reading a great editorial written in simplest language. Thank You Print.
One of the best talks on India's economy ever
What an excellent video ! The clarity on various issues that I had on my mind for all these years . Simply fantastic.
have always enjoyed rathin roy's brilliant diagnosis of India's problems and his scary but optimistic thoughts abt the future tht awaits India....great mind!!
Rathin don't mince with his words. This was a hard-hitting all-holds-barred exposition. Thanks for this, Dr.Roy and The Print.
Aspirational India has an anomalous set of problems which requires unconventional solutions. The direction of the citizenry aspiring for vibrant development has slackened somewhere from being citizen centric to idiosyncratic in nature. That's why the demand for pursuing more becomes wishes in once own case and just poll promises in the other as a whole. We've forgotten the old adage "The sky is the limit" and continue trailing behind the sheep-herd mentality. The tonic being to all above mentioned dillemas is a change led by the society and whose the society, collectively we all are.
It was a soul-stirring talk and it got my unswerving attention throughout the talk. Dr. Roy is always intriguing to listen to although I disagree to what he mentioned as change being concomitant to age factor, however one of the best minds in contemporary society and a top economist the country has given to us. Thanks to The Print team for such a discourse !
Never thought I'll watch a 1 hr talk. But I did. Very interesting points explained in lucid language
This really was an excellent session. Thank you Dr Roy for explaining this in such a clear, non technical fashion.
Brutally honest and insightful
“No man is entitled to the blessings of freedom unless he be vigilant in its preservation.”
Fantastic!! Always a pleasure listening to Rathin Roy. It's a shame he has now left the country.
I understood rationing of the early 25 years of living in that rationed economy and it’s consequences on limiting aspirations. I am 70 , IIT product who chose not to go overseas .
Fortunately I happened to be lucky to savour derationing Of top 100 million.
But the eye opener was the rationing in 150 400 million!
I agree that society must change its mores.
We cannot have govt subsidise .. or support..
ironic that the 5 key things are not seen as economic indicators
However all parties have always talked about Roti kapda aur Makaan , but failed to fully deliver .
The concept of rationed economy continuing
Salary -11,000, Transportation cost to get workplace -600(Monthly), Lunch one time-2500 to 3000 (Monthly)
11,000-3000-600=7,400 actual salary
so a family running on 7,400 budget and its my story also in Guwahati City(Assam) and i donot have to spant Room Rent coz i hav My own house,
just Imagine a family who also hav to spent 4000for just a single room rent
Salary -11,000-4000-3000-600=2,400
only 2,400 laft to spent on food, medical or Medicine , LPG Gas, Electricity, child School ect..
This is where we got after 70 years of Independence
@theprint - lovely interview! Gave me an excellent understanding of the economy, made it clear what we understood subconsciously. 2 suggestions- could you improve the title of the video and add name of the speaker (Dr. Rathin Roy) & try for a better video quality? Thank you! Amazing content! Hope we have this kind of journalism more across the world, especially USA & India.
One of the plank of Indian state is it's bureaucracy. While enough attention is paid to Central bureaucracy, no one gives attention to state bureaucracy in all states which forms almost 90% of state governments bureaucracy. State level officers, teachers, agriculture specialists, etc. are recruited by various states on the eve of elections -its like rationing of government jobs. No prudence is followed in recruitment and management of state level personnel. How could fundamental restructuring happen without rectifying these?
Those who were born in 1950's may remember and understand what he says, those who drank powdered milk and ate upma prepared from macaroni, supplied by USA under PL 420 , agreement in their school days , who paid a premium of 18000 rs to a Vespa scooter or 30000 to 50000 rs for a Fiat or Ambassodor car in 70's prices...eat rotten rice obtained from ration shops, waiting for a kg of sugar, paid 30 /50 rs for a teligram, greased the hands of politicians for a gas or phone connection or a few bags of cement...!
This changed in fact in Vajapayee period. Gas Sugar Vehicle production, cement etc were liberalised , surprisingly available every where...
Vajpayee benefited from the policies laid down by Narasimha Rao's Government. You gotta acknowledge the shoulders of giants on whom successors built.
@@prakashkulkarni1094 sure, my opinion is limitted to when rationing of sugar, gas connections, cement, were lifted..PVN rao , a genius indeed but circumstances lead him to open up the economy, the decision was his and his alone, ...though Mnmohan singh was given the credits by congress dynasty.
@@ShreedharaKedilaya One is not a Congress man (certainly not this one with Family in charge) but while huge credit goes to PVNR for pushing the reforms through, the 'green shoots' (much maligned term nowadays) had started with Indira in early 80s..
The problem is it's a double edged sword. Vajpayee did a splendid job but still lost the election. So, BJP has no other option that to play Hindu-Muslim agenda. But when you start doing that, the investors outside start seeing India as an unstable place, inpart due to fault of our own media. No matter Trump wins in USA, CNN is never going to call him fascist. While in India, one side claims BJP are fascist worse than Nazis, while other claims they are literally another avatar of God himself.
@@vedprakashmevada6741 why forgetting PV Narasimha Rao?
this need to be hear by allot more people
You spent 50 minutes on the problem I truly hope you will do a part 2 detailing the solutions. How do you bring atleast 400 of the 500 million participate and become productively inclusive and what the government is doing or not doing.
he doesn't have one
Economic History of India at Warp Speed. 👍👌🙏
Finally some truth and facts on a news media in 70 years which are truly relevant.
I am in engineering college first year. After watching this video, I have realised in such a problem we are facing. Thank u Theprint
"in god we trust the rest of you bring data" - If interested, have a look at ourworldindata.org/grapher/maddison-data-gdp-per-capita-in-2011us?tab=chart&time=1925..latest&country=CHN~CUB~COD~DEU~IND~ITA~JPN~POL~TUN~VNM - Especially at how close India, Japan and Germany were in 1945 and look at the gap in 2020. Consider also south korea. It's upto your imagination to guess who is responsible
I thought very well articulated in layman's language. Being over 70, I particularly liked the rationing explanation and roadmap for the future. Of course, like most things, one may agree or not agree with him or his solutions. Economists famously differ from each other. Unfortunately the economic element is only one input in the decision making process. There are always other considerations. Sad to know that Dr Ray seems no more in favour with the powers that be. The country could gain much by him.
Excellent analysis of the Indian economy during the rationing and post rationing era
Absolutely world class lecture which opened my eyes
Amazing talk. Every one of the elite 150 million who set policy for India shld listen to it
After a long time I hear truth about our economy and we shy away from the reality.
lol that smirk at 34:05 was classy
Sound could have been better. Should Have Been Better !! ☹️
That's true about Telugus going aboard/ Even today many young people in Telangana and AP think about going abroad after graduation/ Now total fertilization rate in Telegu states below replacement level/and whole new generation going aboard that's a new problem
Brilliant eye opener. Thanks.
All credit to print for arranging this webnoir talk.
Indian independence put it in the same place as the USA when it became independent. India protected its industries just as the USA had done. The difference is that India invested in the socialist planning model. It is not apparent to me that investments flowed into India in the way it did in the USA. Indeed, that is what differentiates India from the USA. America to this day is a net importer of capital. India was averse to foreign investments because of its exploitation and colonization by the East India Company. The absence of strategic direction, efficiencies and competition produced Indian industry that was not viable internationally. They played to the playbook of oligarchies and monopolies of the Indian licence raj. The Indian industry became a rentier economy of its economic elites. If industry in its first flush of independence was intent on producing an industrial state, it swung into reverse after it opened up. Today it is defined as a consumer society dependent on imports from the world. Worst of all, it is drug dependent on imports from the state most dangerous to it, China. India deluded itself that China if it was not its friend was not its enemy. India's failure has been in statecraft.
Very knowledgeable and brings a very intriguing perspective!
I enjoyed the talk, thanks for posting this webinar. There were a lot of great points made. I do believe that further liberalization and privatization is the only way to create wealth in India. However, the socialist ideology is deeply rooted due to post independence structure (govt jobs, quota, anti import policies, high taxes, import controls etc). The current government, to its credit, has been trying to implement some of these policies but on the other created havoc due to demo, GST and misplaced priorities (there is no investment in a socially unstable country).
The issue remains how to pull the next 300 million from lower income to middle income. It definitely is not going to come from engineers and doctors, but skilled laborers. There is a lot to go into but I hope we can correct ourselves.
ps. I kept the comment apolitical, but Modi is an unparalleled idiot for ruining a once high growth economy.
Totally agree
If india is divided into north and south.Atleast south would progress.No hopes for the north especially UP.
You’vee hit the nail on its head. What it has done is hold the south back from south East Asian levels of prosperity
The defence and railways etc create affordable housing for their employees who are part of the Indian populationon these lands, thereby adding on and fulfilling the housing problem. Cantonments were established on erstwhile un inhabited lands remote from cities. They developed infrastructure and scenic spaces. Cities grew towards them and engulfed. Now we want these very lands which was shunned by us because it's been made habitable by the defence etc. Why couldn't the municipalities do so?
India is going thru a rough period !
Yeah man. Feels bad. :(
@@kokoinmars jai shree ram
@@maratt88 jai Ramji ki bhai.
Do you guys agree with proposed solutions ? These are quite dated ideas, and kinda vague.
The diagnosis of problems is mostly spot on though.
Injuries are too grave now for any cures ( I'm not pessimistic). Kind of an autoimmune disorder we are now suffering from. We only live to eat .
Regards
Well, I have a question. You are of course arguing that instead of always trying to increase food production, we should look at the farmer's balance sheet. Are they selling it too cheap? I agree with you. But, for them to sell at a higher price, they have to produce less, and if they produce less, some of them have to leave that business since it is not that big anymore. So, there is nothing wrong with saying that we have too many farmers. Also, there is not a single country in the world that had a growth story that included everyone's growth. Growth, by its nature, is antithetical to egalitarianism, you always have to choose the right balance.
Such a nice talk...but quality of voice recording could hv been better
Wonderfull talk
The program is very good with good contents about reality...
But it is not relayed well.some HINTERANCE or iinterference.
So talk is not legible.we have to strain to hear it.
It is unfortunate.
Brilliant Dr. Roy! Brilliant speech. You have actually answered some of my long-held riddles and question on why India is still limping after 1947, whereas countries devastated by WWII have rebuilt their economy and some have even grown stronger after deposing the state-planned economies of the USSR during the cold war era and now are relatively prosperous and happier than India. You have held a highly polished mirror, and stuck to the core matter of the five nation building economic concepts. And your diagnosis is so correct ... you either quit the game (leave for better shores) or become a part of the cabal who runs the game (IAS, IRS, govt. clerks etc.) Will definitely buy your book when it is out. Thank you.
"in god we trust the rest of you bring data" - If interested, have a look at ourworldindata.org/grapher/maddison-data-gdp-per-capita-in-2011us?tab=chart&time=1925..latest&country=CHN~CUB~COD~DEU~IND~ITA~JPN~POL~TUN~VNM - Especially at how close India, Japan and Germany were in 1945 and look at the gap in 2020. Consider also south korea
@@MAdhawanPRakash Thanks for the graph. I am gonna use it for destroying some homegrown myths now.
When you say a child should do what he wants to , also describe that in a capitalist system or a mixed system what are society expectations and keep up comes not so cheap
Brilliant!
Brilliant.
Sir, please kindly let the gov like Financial Minister or Prime Minister know these thoughts through a letter or something. Maybe finally better sense will prevail.
Rathin Roy was a member of PM Economic Advisory Council. Modijee selected him. But did not listen to his advice. He resigned.
He is not clear and not audible as the Mick system is not good. So sad you can not understand such a good ANALYSIS OF OUR ECONOMY FROM 1947 ONWARDS.
that smirk at 34:00 tho LOL !
Fantastic! This flies in face of the otherwise constant bombarding on this channel for narrow minded privatisation of pulic assests - Something for Shekher Gupta to digest properly
GDP with a 1+ billion population is a bad indicator.. it can as well mean too many poor people adding up to make the index
BTW please provide a mic next time
Error 404 . Please fix it.
Rathin da .. agun jaliye dilen to!
Sadly our PM is not qualified enough to understand this.
I cant bear to listen to this self-important economist. The phrase "fatuous windbag" leaps to mind.
Despite making a lot of good points (not all of them though), what's with the pompous attitude 🤔?
People need to understand great companies make great economy not IAS OR IPS. So we need to gave away the fantasy of government jobs
Who are you to decide what one should do. Those who want to join the services , let them join. Those who want to be entrepreneurs let them become one. You have no right to tell a person about what one should do & what one shouldn't . Every employed human being whether govt. , corporate or business plays a role in society & is equally important.
@@tech_report_0868 than don't cry about economy. And do the unproductive babugiri
@@omduttdixit3433 Lol we don't want great economy we need happy economy , great companies only increase economic difference. Also if you thought that 'babugiri' is inefficient , you should ask Ambani & Adani why they are not paying their taxes. Also your so called 'big companies' didn't save your ass during 26/11 , it was IPS ( Hemant Karkare , Ashok Kamte ) & police officers that did. Their sacrifice matter & so does that of all other IPS & police officers.
@@omduttdixit3433 IPS officers aren't even part of babugiri. That babugiri part should be aimed at IAS only , because IAS are the policy makers & bureaucrats
@@tech_report_0868 ohh sorry i haven't seen your name before replying.
So, there is no meaning of discussing something like economics with you
the ''artificial intelligence thing'' at 43:00 min was i guess aimed at amitabh kant who kant deliver anything but where he goes he is like ''big data AI 3d printing bla bla''
And you miss the point about rationing, which you at one point call evil, then which becomes the core of your prescription for economic upliftment as well. A call for affordable housing IS ECONOMIC RATIONING! A call for reformed, affordable education IS ECONOMIC RATIONING. You mentioning the five things that a minimum-wage worker aspires to is a prescription; the very beginning of rationing. In trying to induce this situation, wherein the poorest rest get accelerated access to a minimum lifestyle which you - wearing your Marks & Spencer shirt costing INR 4,000 - thinks they should earn; are you not traversing the same path of rationing which an earlier generation of self-aggrandizing schmucks prescribed for the Indian masses then; thinking they were doing something good? What is preventing an ordinary minimum wage worker from daring to aspire for the same M&S you are wearing or indeed a better one from TM Lewin? Who are you, in your high chair, to do the thinking for other people? Your attitude is very typical of the do-gooder time wasters in government who think they know what 1,400,000,000 people would individually want from their lives. SMH.
This is not the first time that or the first place where this thinking has made itself manifest - and summarily failed. The Tata Nano was one such do-gooder car inspired by Ratan Tata's vision for a car for the minimum wage worker. It was released as the world's cheapest car - and it summarily failed. It bombed so bad it is an embarrassment. People like Ratan Tata - and Mr. Roy - take the ordinary Indian for granted. The condescending manner of his telling the audience that his M&S shirt is not for the poor Indian - and the prevalence of such brains in the thinking centres of our country - is quite concerning; and stupid. The Indian consumer is not OK with a Tata Nano anymore Mr. Roy; they are coming for your freaking shirt; and even better. Don't be so condescending. Affordable housing programs for which people do not pay is likely to bomb for the very same the Tata Nano bombed - a house, a car are all things people aspire to. They want to be seen acquiring these things as a fruit of their labour - not as a favour doled out by fat babus or businessmen. The Indian consumer - the poorest of the poor among them upwards - is a self-respecting. individual who can prove to be worthy of the best rewards in life on his or her own mettle. Do-gooder nonsense of the type suggested by Mr. Roy here is the last thing they need; and I bet you my last penny that it will meet the fate of the Tata Nano.
All this talk about aspirations is just not true, why did we un ration state for first 150 million? Because of crisis. Then for next 500 million will also come in because of a crisis. And in this regard corona has been a blessing.
No wonder we have to outsource our economist who in turn arevas bad as Dr.Roy analysis. I again must say economics is not a science there is no right way. We are far better off than the ration days. There will be no utopia ever in economics and Dr Roy left leaning views doled out in innocense is devoid of truth it is his perception not research even though he quotes statistics. Ii am sorry he is short on solutions but long on sermons.
' The government is not the solution to our problems , the government is the problem ' ... We in India need to understand this
Please talk slowly ,open your mouth and talk into the Mick . A lot of mono log. Hence has become booring
God knows what happens to the educated Bengali man (mind you, only men!) -- at some point in their late 20s and mid 30s, they get the God complex and by the time they are in their 50s, it becomes rampant raging ravaging rabid... it does mellow in later years but that is not guaranteed.
But man! One so wants to believe that this man is right about the solutions.
Any factual riposte on his outlook apart from a generic misplaced statement?
@@arin1512 No, no point in arguing with Gods.
If I had this guy as my professor in college or my teacher in school, I would have been a school/ college dropout.
Such a monotonous drone.
And an hour of this?!?!!!
Again after trumpeting about our problems you ended like a politician closing speech with no specifics on solutions
Chancha chola kotha...
Seems more like a rant
Yet: each and every one of his comments deserve deep consideration.Too much of what we hear is hype.
Did you hear anything he said? He discussed economic policies, gave historical data point from India and other countries, current situation and future prospects.
If a man like him is ranting about something, there’s probably a good reason why he’s ranting.
Seeming is overrated .. try listening for better osmosis.