India Transformed: 25 years of economic reforms

On Tuesday, October 16, the Global Economy and Development program at Brookings hosted the D.C. launch of “India Transformed.” The book’s editor, Rakesh Mohan, a former deputy governor of the Reserve Bank of India and IMF executive director for India, provided an overview of the book, then joined a panel discussion moderated by Liaquat Ahamed.
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[@ravindertalwar553]

INDIA IS A STRONG AND LARGEST DEMOCRACY IN THE WORLD BECAUSE INDIANS ARE SPECIALLY BLESSED, EXTRA ORDINARY TALENTED, HARDWORKING, HONEST AND HUMBLE.

[@shimankumaheshwari6904]

So much information in a single video. Wow!

[@lalitmulay2851]

Alyssa Ayres ( the lady in left) seems to be more positive about Indian future than Indians on the panel. Yes there are definitely issues in the country which needs to be taken on top priority however I felt that the panel was more critical towards Modi Govt as if all the issues started from 2014 . They didn't talk about India's rankings in ease of doing business by world bank. One thing is sure states like majorly UP , Bihar needs to be given top priority for education , health & economic development . First they need to implement law of land very strictly in these states .

[@ravindertalwar553]

LOVE ❤️ AND PROFOUND REGARDS FROM RAVINDER TALWAR (ICSSR) JALANDHAR CITY PUNJAB INDIA

[@DipakBose-ge1hm]

India instead of going to the IMF in 1991 should borrow some gold from the temples and could easily borrow Dollars with these gold as security. India in 1992 needed Gold or dollar to pay for the essential imports which it used to get from the USSR in exchange for Indian Rs. In addition India used to import whatever it needed from the USSR which India could pay in 50 years interest free credit to be paid by exports from India. In 1991, USSR disappeared and these facilities also disappeared. That was the real cause of the crisis, but the IMF lied to India saying socialism was the cause and asked India to dismantle the entire system which was unnecessary. India also could devalue Rupee by at least 30 percent. India could ban usages of petrol for private cars until the crisis would be over. India should not have started Privatization, but NS Rao did just that as instructed by the IMF. . Now we can see the result, no jobs, banking sector is in ruins because of bad loans, huge balance of trade deficit, Poverty is growing. The Government is selling everything just to make ends meet.

[@vinaychavan8790]

Here are our panelists comparing India's economy to god knows which countries...and there comes a guy from audience asking them to compare Indian economy straight with EU. Their faces turned pale.

[@NoobMaster-or2jf]

We need economic reforms immediately. And I think Modi began some (May 2020). More needed.

[@perspective500]

3 year later. The pessimism from the panel seems to have been misplaced. Economist predictions are to be taken with a bag of salt. Shout out to Mohammad Singh though

[@nthperson]

India's laws may have opened up the economy to competitive forces, but the nation's people continues to be plagued by the ancient problem of land rent monopoly. Thus, India's society remains dominated by rentier interests, that is, by the redistribution of income and wealth from producers to those who simply control land and natural resources subject to minimal taxation. In this India is not unique.

[@sureshveeramachaneni91]

I was pessimistic back in 1991. Now I am optimistic about India because the new reforms are taking into effect. In my opinion India would be number 2 country in the world in terms of GDP by 2050. Just so you know, Indians have sent a probe to Mars in the first attempt in the world. Don't underestimate the capability and capacity of Indians in the future. I suggest you to invest in Indian currency!

[@nthperson]

The progress in India demonstrates what is possible when a nation's government finally commits resources to infrastructure development and to individual development through education. What is holding India back, still, is the same thing that holds every country back -- systemic privilege that allows for a redistribution of income and wealth from producers to non-producing and rent-seeking interests. The solution for India (and everywhere else around the globe) is to change the way government raises its revenues, to collect the economic rent associated with land and land-like assets (e.g., frequencies on the broadcast spectrum, competition limiting licenses and the take-off and landing slots at airports. Search the internet for the writings of the U.S. economist Mason Gaffney (emeritus professor at the University of California) for a deep analysis of the issues.

[@animishkhatawkar]

INDIA will reclaim. More than what others think. JAI HIND VANDE MATARAM 🇮🇳

[@NoobMaster-or2jf]

Alyssa is the only one who's optimistic.

[@sureshveeramachaneni91]

Your analysis did not't account for the black/corrupt money is brought back to India then India would be phenomenal!

[@NoobMaster-or2jf]

it didnt come back.

[@mridulagrawal6687]

Index u r talking about was based on all of data from 2011 census,and India's economy has doubled from 2011 till now,infact more than doubled

[@bhramitaatma6026]

the collective IQ of the panel Dropped significantly when he quoted Rahul Gandhi