Majoritarianism Divides, Raghuram Rajan Tells Prannoy Roy

Former Reserve Bank of India Governor Raghuram Rajan spoke to NDTV's Prannoy Roy on a range of challenges in front of the Indian economy today. Dr Rajan said the three biggest problems for the Indian economy today are the agrarian distress, the ailing power sector and the crisis in the banking system. The 55-year-old economist, who was the first RBI governor to not seek a second term in nearly two decades after his tenure ended in 2016, said government interference in institutions could affect both global and domestic investment. Mr Rajan's comments come amid a row between the central bank and the government over its autonomy.
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[@maaziy_ghaziyIYI]

Rajan is a national treasure! What a scholarly man.

[@genuinerf4868]

@Dev Param No!!

[@KGopidas]

Vijay nallya and ninirav modi would readily agree?

[@gnaneshwarraju2731]

Agriculture industry is not for Subsidy but for growth - well said Sir.

[@KGopidas]

End MSP?

[@siddharthajain6944]

If we Indians want Revolutionary change in our country then get him to work.

[@pardeep657]

@@siddharthajain6944 dont argue with dumb people..the wholeclass of bhakts is like that..if Modi would have hired Raghu..then only he wil become a good economist..the cow dung economics is the best economics for these people...

[@premprasad3511]

Rajan is a scholar but if you want revolutionary change , he is not the guy. He is a overcautious bean counter , not an aggressive reformer in any sense of the word. The current mess in the economy is partly because of his stubborn posture on inflation. I'm not absolving the government though, they are of course singularly answerable for the current mess.

[@alokeghosh8823]

Hats off to Prannoy Roy and Raghuram Rajan.... this was a discussion of the highest quality .... We need more of these. Listening to them enlightens you.

[@lesterlasrado1059]

i wish he could become a finance minister of India

[@syedsarwar20]

This man should be our next PM.

[@sanjurohila8474]

Yes must be for india growth

[@kyasoorathai]

He will turn it into the next south Korea or Singapore in 2 decades but he will only receive less than 10 to 5% of votes....pitfalls of a backward democracy....

[@sciencestruck9698]

@Akshath Manikandan he speaks

[@Bombay0286]

India deserves this man but our politicians didn’t even bother to listen

[@sachinbalekar2119]

Pranoy sir I have seen your program The world this week in my childhood I really proud to have a journalist like you

[@pihu3987]

Sir plz do come. India needs u. India looking for u, your ideas.

[@tausifmulla]

What a shame!!!! We lost a gem :(

[@phoenixrising164]

An excellent interview . Great to watch . Can be a template of how an interview should be done .

[@tagjones213]

This is by far, the best 1 hr you will spend watching an interview this year. What an insightful piece. Love it :)

[@ankitsaraf238]

This interview could have been done so much better. You don't call a personality of Raghuram Rajan's stature and keep interrupting him. Let the man speak, damn you Prannoy Roy!

[@Himanshu.Harleyx440]

As he wants to put words in his mouth. He want to blame Hindus for economic distress which rajan was not agreeing with

[@sandeepghosh2807]

Prannoy Roy remains one of the finest reportage journalists India has ever produced, along with Karan Thapar, Sanjoy Hazarika, Sanjay Pugalia, N Ram!! All the team members of NDTV 24X7 display and practice the same impartial ethical journalism which is what this noble profession is all about - holding up a clean mirror to society!! I remember watching The World This Week In 1982, Anchored By Prannoy Roy, and that was my introduction to reportage photography and news journalism! Very Impressive!! Warmest Regards! Sandeep Ghosh.

[@michael8597]

The man who had this precis prescience and perspicaciousness of the global liquidity crisis and cautioned the financial system much ahead of the crisis. His prognosis indeed turned true and the great 2008 recession shook the world and brought it to its knees.

[@KGopidas]

Are the evonomic sbd poliyicsl dystem are mutuslly compatible. Ehi snswers for infand failure?

[@majidhakak6891]

Interviewer tried to put words into Rajan Sir's mouth but clever guy didn't fall to his trap.

[@trippynfun]

Ya. From the very beginning of the interview.

[@reenageorge9751]

Great, so much to learn. Salutations

[@joelarulanandam6248]

What he predicted 5years ago,it is happening in banking sector

[@TradersWorld]

Prannoy Roy trying hard to find negative masala because it sells. He has no interest in what the man is saying. He is just sitting there with a negative bias. Grow up, do not try this with Rajan sir again, it will not work. 57 mins with a man like Rajan sir, could have been much more fruitful, on any other channel.

[@adithyahariharan]

True. He is trying to put words in his mouth to get a headline

[@lifeversity4365]

Just something I was expecting someone comment. Prannoy Roy a very senior journalist trying so hard to get sensationalism out from an Economist. The Cow issue was totally irrelevant. Raghuram was simply great he must have felt why did I give my time to this person.

[@sagepara]

57 min video which has 15 ads , that makes shit loads of money. Roy doesn't care what Rajan has to say, he just wants Rajan's time so that he can earn.

[@atanuroychoudhury3522]

I have been seeing Pronoy Roy from The World This Week. He is one of the best if not the best. His questions were spot on...and answers were great too. BTW tell me any other Indian channel interviewing Rajan and the discussion is this much productive. I would appreciate the you tube link.

[@mukeshsinghal6491]

@@atanuroychoudhury3522 agreed sir. i have also seen since then. let the trolls trol.

[@akshaysutar5672]

next time you invite LEGEND to share his knowledge, atleast let him finish sentences.

[@yvs0911]

All single issue minded people on this thread saying that this man should be our PM should ask a question how will he be able to connect with the different people in our diverse civilization. Manmohan was a pm and a well known economist, but had no connect with people and was remote controlled. We need organically grown politicians who are connected with people, not some expert in one field.Economy is just one dimension of life not everything!

[@anjaneyatripathi6069]

It is everything sir!!

[@Dipthebestgrdguj]

Great.. learnt a lot of things from Dr. Rajan.. Want to see more of him discussing such serious matters with some sensible person.. Irrelevant interrupting comments irritated viewers as well as Dr. Rajan too..

[@prat9324]

Excellent interview.

[@KGopidas]

Currency drprecuation was obe of thr pillsrs if manmohan singh formula?

[@Pradeep9849]

"Beautiful mind" is always adorable.

[@yairainc8521]

Nice ads. I really enjoyed the ads. However, the interview part is an annoying interruption. 🙃🙃

[@sumtotalofhumanknowledge2174]

Nice interview. Thank you! Wish Prannoy interrupted much less while Raghuram was talking.

[@anuparavind609]

Humble understanding

[@MohdSameeR-lv1ky]

Sir you are great men. You are next pm of india.

[@mayankindian3750]

Ya bro next pm of India for 15 years 😊🇮🇳

[@shashankshekhar9450]

vote doge mulayam ko to ye kha se pm banenge

[@rahulkhandelwal8649]

Raghuram is such a gem!! How well spoken!! Handling the controversial topics like a gentleman and yet giving the exact points !!

[@manofsan]

"Majoritarianism" - what rubbish. India is an ethnic polyglot, so there is no majority and therefore no majoritarianism. However, there is a backlash by the indigenously rooted ethnic groups against communalist divide-and-rule policies by the Left and against trans-nationalist sectarianists such as jihadists. That doesn't make such a movement "majoritarian", and it doesn't suddenly mean there's a monolithic ethno-majority in India. The reality is that India is composed of many different languages, many different spiritual beliefs, including many different gods. That's a far cry from a monolithic ethno-majority. It's like claiming that the Quit India movement against the British was somehow Indian majoritarianism, or nativism, or chauvinism. It's like saying that when the Native Americans fought against Western settlers and colonizers, that they were being nativist, chauvinist and majoritarian. They were not, of course.

[@anshadklblm]

What kind of bullshit are you sprouting out eehhh?

[@krishnajoy7073]

Good interview.....

[@anuparavind609]

I would request u to come back please

[@maymena17]

So sad that people who speak out and genuinely try to help the Govt. are deemed as "Anti-National". Unfortunately Modi cares more about his ego, than national interests.

[@alakhns]

Dr. Pranay Roy, you said, "Recognized greatest Indian economist" does not mean being the best Indian economist actually. First of all, Raghuram Rajan is not even an economist He is a finance professor and finance is closer to accounting than economics. It was nice that you admitted that you won't understand anything what Dr. Raghuram Rajan would say Then how can you certify that he is even an economist, forget the greatest Indian economist after Dr. Amartya Sen. Yes, Dr. Amartya Sen is a development economist, but classifying Dr. Raghuram Rajan as an economist is completely bizarre! You said 'in your opinion' which is fine because that is not the fact that Dr. Raghuram Rajan is an economist. Dr. Rajan's NYAY proposal will become UNNYAY within a year by increasing unemployment, reducing GDP, increasing poverty, weakening rupee, promoting inequality and above all the widening of the fiscal deficits immediately. NYAY is even worse than Demonetization. I challenge Dr. Raghuram Rajan before you to discuss live why this NYAY is the most stupid advice for Congress or even to any future Government of India. Even the USA did not dare to implement this. Dr. Raghuram Rajan just copied and pasted the idea which is a failed idea. I am a Wall Street economist and was earlier in the Indian Economic Service 1992, hence I know the world economy in a far authentic manner than him or even Prof. Amartya Sen as I work with Moody Analytics and the top Wall Street banks on Federal Reserve Policies.

[@akhihitochakma1285]

O

[@akhihitochakma1285]

Please explain your authentic views of troubles with India economy then it's downgrading after 70 years it's still a tribalist 3rd world

[@writetomir]

CONGRESS MANIFESTO - A CLEAR ROAD MAP - NYAY - JOBS - FARMERS - VOTE - FOR - CONGRESS - BJP BHAGAO DESH BACHAO.

[@anuparavind609]

Well said

[@KGopidas]

Non banking financial institution do not follow politicians?

[@KGopidas]

Heard if ptovident fund?

[@johnblake2917]

an excellent discussion, pity it's reaching only a few.

[@dddddddd172]

The the NDTV was trying to put Raghuram Rajan on their side & make him say something against BJP & Modi & put words in his mouth (lost intolerance debate ) . But NDTV lost it badly . Raghuram Rajan is not their puppet. He do what he does . 👍

[@ratnambadri]

At the very beginning of the interview, Prannoy says that Rajan and his fellow Indian economists have written a book as to what needs to be done for the Indian economy. Rajan says 'that the old models that work are running out of steam, and we really need to look at new models...'...I could not find this book on amazon or elsewhere. Does anyone know which book Dr. Rajan and Prannoy are talking about?

[@mohammedhussain9147]

I'm not Economist but I have a strong belief that for the growth of any Country/Economy Peace and Harmony are vital factors. By creating an environment of insecurity and hatered by paid News Channels Growth and Prosperity can't be achieved.

[@anuparavind609]

With time...but implementation of the offers

[@anuparavind609]

Irrigation and use water from pond ganga yamuna jamuna

[@ajeeshsreedharan5354]

Before completing answers , the interviewer’s interruption on topics , makes the whole interview bit irritating , let the guest speak more , we love to hear them full mode 😎

[@nohaybanda]

Such a wise man. Pity that India no longer has his services.

[@radhikag3291]

If aged cows are a burden , then aren't humans too a burden on the planet? Why are we so self centred?

[@KGopidas]

If wr srr kead by data, we wake ip only when a crisis?

[@kumanet99]

This clearly shows that after 70 yrs India is still a 3rd world with a 3rd world media mindset. Hinduism in India is the only way forward. Majoritarianism is in all countries. If the majority is not happy how can one run a country. Hinduism is inclusive and democratic enough. The only fact is Hinduism is ingenious to India, which invaded religious groups are not happy including this channel. Pakistan's attack on India is a classic example. If India was a Hindu country, an attack on India would have been an attack on Hinduism. Then the pressure on Pakistan from India would have been patriotic to the extreme by all and not just by our military. Today we are just floating with an adopted foreign democracy and secularism which Indians are still confused and trying to settle with consciously. 80% of indians are Hindus. Prannoy Roy always sounds anti Hindu for the minorities .In india today it is stupid to think right and wrong, Hindus have lost a lot in their own country, That is the fact. Prannoy Roy needs to be corrected all the time. This is a great mistake done after independence. Majority community was ignored. That is the reflation today. India today highlights minorities views in the frame of majoritarianism ignoring the fact that minorities are invaders with an hidden agenda even today.

[@ashikaraut5762]

Jihadi Roy trying his best to put his words on raghuram rajan.

[@Dr.sachin1203]

No

[@ankursharma1602]

No

[@saravananramanathan3016]

Please reduce ads...too many intrusive ads....

[@dinakar6502]

Welcome back to Tamil Nadu!!!🙏

[@anuparavind609]

Exactly

[@anuparavind609]

Not us....but outsourcing

[@jabirmansuri2197]

Rise & Fall of Nation(s), a natural phenomenon! Divine rule!

[@audit-yahooramji2audityaho666]

Raguram rajan sir team built reserves now they want to eat- 45;53 wow moment, when Raghuram sir says, when I was a CEA wrote to RBI letter, Prannoy roy's face expression- wow

[@sciencophile]

Please bring him on show again when GDP is -23.9 , economy is down, unemployment 45 year's High

[@KGopidas]

Would s dmsll tax on an agriculture say2%?

[@anuparavind609]

Pride in oneself

[@chandrabhushan4753]

Raghuram Rajan Ji is a genius.

[@hdsiroha]

you know something is wrong in your country when Engineers and STEM graduates apply for low-level jobs like Bank PO, SSC and Railway. Please. don't degrade your degree guys go for MBA, MS, GATE, IES but don't apply for such shitty jobs and ruin your degrees.

[@rupeshjadhav4713]

He is super intelligent we need him back.

[@gopalchakraborty4025]

Gst one rate.how !without disruption.

[@prnathan633]

Pranoy brings muslims in Economic discussion. We are all one "Indians". No Hindu Muslims Christians etc. Stop doing divide and rule.

[@Raajaswain]

just wow...it's really nice sir.

[@Nvidia2024]

We need to make use of the the trade war between China and the United States and improve our manufacturing output manifold in the coming years. Global supply chains are looking to diversify out of China. Thailand, Indonesia, Malaysia, Vietnam will be able to Garner their share in manufacturing in the coming years. We need to have policies which will make us join this club of countries, manufacturing our way to prosperity. For agriculture too we have a problem of plenty and that's the reason farmers are not getting decent price for their produce. We can export our way out of this problem. We need policies which take into account the global situation and put this country back to business.

[@saimanojc]

The interviewer trying hard to get a page 3 headline , raghuram rajan however maintains dignity and discipline! It's a shame that he wasn't allowed to complete most of the words he wanted to say

[@pranoykrishna2448]

That's pranoy Roy u idiot ,just stfu.

[@anjaneyatripathi6069]

Pranoy roy is a highly respected ca. Please respect his profession!!

[@anjaneyatripathi6069]

@Shaswata Chatterjee meaning??

[@prashantkaushik7035]

Anchor is force feeding his word into mouth of Rajan sir. Anchor wants him to speak what he himself is thinking. Please REMOVE this creepy Anchor.

[@teamhuman8429]

Raghu Rajan doesn't make any sense. Fact is some small amount of people are sucking money up and workers are not getting enough wages. Second workers are fighting for there right. Giant company are not paying taxes like Amazon. Things he is wrong about are Technology don't disrupt economy . It's people and worker who do that like zomato delivery guy and all those guy who work as costumer executive who works and they deserve better income. Nobody like chatbox with artificial intelligence. After listening him I feel if we choosed anyone both Congress and bjp both party are same. We need new face with different view. Isn't in ndtv- Rahul Gandhi interview they are talking about new models 🤦‍♂️. People are sucking poor people money. Rich are sending there kids to ivy league with illegal method. Poor are suffering, there are racism, people discriminate on the basis of sexuality in work place. He need to read more and think more better way. woman deserve more wages.

[@sangeet-]

We want you again as our RBI governer sir.. ..its really unfortunate for india..

[@SingerAksh]

Is it Rajan telling Pronoy Or Pronoy telling Rajan????🤔🤔

[@anuparavind609]

Rupay card- insurance but from taxable income of govt thus increasing fiscal deficit

[@anuparavind609]

Suggestion....real estate market inclusion

[@ppr6357]

Great interview but 240 views

[@ronits6361]

Coz majority in India don't understand banking

[@anuparavind609]

Digital....reduce printing

[@raghvendratiwari4791]

Great scholer mr.rajan

[@KGopidas]

Resl estate has deep snd long cycles?

[@kishanlal7884]

Every indian miss Raghu ram g

[@danishgupta3044]

Today's India don't deserve him...

[@swapanchandra7398]

Pure Knowledge no Gas !!!

[@yogeshjog6072]

ignore their negativity , and take only positive gyan from raghu .. ignore pranav totally. *Then it's a good insight on world trade wars us china attitude shaping of new cold war etc.* As far as this interview n rajan attitude goes post 2016, yes they both are anti bjp n anti majoritarian. They paint the gloomy picture , speak only suitable words. I pity rajan when he cannot clearly be pranav roy n has to be gol mol like 2017 was growth hit, in same breath says it could be short term. (Meaning all this is good for long term)

[@anuparavind609]

I met a Benz guy....rule to tap on fuel usage....buses if possible

[@anuparavind609]

Effect others through thoughts

[@Notviral892]

Sorry, but the journalist is interrupting my listening so much. I closed the video.

[@harib5883]

He has never told how much NPAs were under the carpet when he took over charge as the Governor of RBI or when he left the job in RBI and the role of UPA biggies in that.

modi govt should sink like titanic and be there as history ..and congress is no better as well.

[@rahulvashisht1700]

A good human being

[@akhilgummadi7711]

Anchor keeps interupting

[@shimankumaheshwari6904]

Well I am a Roy fan and Rajan fan as well. Both are true sons of mother earth toiling hard to bring truth/justice to their respective countries and people. Sahil G

[@anuparavind609]

Best option at hand....selection survival of fittesr

[@ABAnand-qy5dc]

It was a shame he had to leave. We have history honours graduate as RBI Governor who IS a yes man of BJP GOVERNMENT.

[@sunnysean]

with all due respect prannoy ji should let mr. rajan speak for himself. that being said, they r both 24 carat gold in their respective fields.

[@anuparavind609]

Balance

[@anuparavind609]

Competition within us not a good way

[@joelarulanandam6248]

He is gr8

[@gopalchakraborty4025]

All problems have gone soon.last five years we have created lot of problems.after independence minus last five years we have no job crisis,fraud,corruption,i institutional degradation,casteism,riot,...nothing.it is a lala land.

[@anuparavind609]

But very much manageble

[@KGopidas]

We see the rise of a caste system in the West?