Raghuram Rajan and Rohit Lamba on India's Untraveled Path to Prosperity

[@michaelvendredi8274]

It is not clearly argued why decentralizing the public administration should improve development. Information is better, since administration is closer to local problems. But incentives need to be present. They are mentioned in the video for the case of China, but may not be present in India/may be difficult to create in a democratic model. To the extent that corruption is present in the public administration, decentralizing could worsen rather than improve the speed of development

[@rahulmeshram07]

There are other reasons for unemployment that Prof Rajan do not talk about 1) there is crony capitalism in country 2) privatization of govt jobs and less in number 3) effect of demonitization, covid 4) very minimal hiring in govt sector 5) private sector has become profit oriented, not enough hiring 6) govt lousy schemes agnivir, killing of well paid teachers job, banking jobs, railway jobs 7) even universities positions are filled based on political ideology nexus. 8) Exam paper leaks and failure of govt. Prof. Rajan gives only half truth on problem of unemployment.

[@goyanka01]

Western employment model doesn’t apply to India. India is a entrepreneurial mindset country rooted in the ethos of society before colonialism. The shoving of population forcefully or in planned way over the years is a western industrial model. Indian model is family based business and Indian women doesn’t need to work. There is a concept of generational wealth concept that west doesn’t understand and keep comparing to its own standards, which will not work.