Reimagining India's Economic Future | Raghuram Rajan and Rohit Lamba

[@vyasakaveendra7510]

Why Raghuram failed to check NPAs during his tenure at RBI ?

[@unitedminds5633]

Got to know nice ideas in the discussion. 👍 Like the one that of vaccum cleaner for street sweepers.

[@patel.k]

If Raghuram Rajan stand for PM, I will vote for him.

[@narayansingh9407]

True

[@devangerdthori3757]

I feel India should not be comparing merely its per capita income with other countries ...who may have their figures spurced up...though defence spending, foreign wars, corruption, mismanagement, false reporting etc..and which actually may not have raised the quality of life of their people as we imagine ..Also, I feel future grown rates cannot be accurately predicted...when even well known economists and analysts have differing views of US interest rates and the likelihood of recession next year...i.e. just during the next 12 months..I feel when all the neccesary reforms are in place,.. India could take off ..to even more impressive growth rates in the future..hopefully When the chief economist of the nation needs 27 signatures..to make a scheduled visit overseas,.and court cases stay pending for years .... we know there is a lot of room for improvements... India is waiting for more changes started by the current govt....which hopefully will further accelerate the country future growth trajectory...

[@philips1747]

Sir Raghuram is a genius.

[@suppiahmurugesan8343]

The citizens want to see results. They want consistent economic growth and political stability. A strong democratic government with strong viable Opposition is the way to go.

[@pragasamramaswamy1592]

FUTURE FM OF INDIA.

[@patel.k]

But he deserve to be PM.

[@pragasamramaswamy1592]

@@patel.k LATER.

[@narayansingh9407]

Yes Liberal democracy is the best for India ❤

[@AKumar-co7oe]

really poor use of numbers. First he's applying real growth figures to nominal GDP. Real (PPP) GDP per capita is around $9000 today. So after 24 years can be around $36,000 PPP adjusted. Current GDP is 2600 not 2400 - and nominal growth rate in recent history is 10% not 6% - even if you take a deflated 9% expansion rate that's around a $20k gdp nominal in 2047 with around a 35-45k GDP per capita PPP - malaysia to eastern europe range. This is not even accounting for the GDP rebasing which will happen in 2025, which will move our GDP figures by 15-20% just like it has for bdesh, paksitan, vietnam, nigeria etc. All in all - very poor economic maths unexpected from rajan - he's too smart to be doing this by accident so this is intentional.

[@rmot2911]

You do realise that it's Nominal Per Capita Income that Determines whether a Nation is High-Income, Developed Or Not (NOT PPP)? India has Just 2500+$ Nominal Per Capita Income (Lower-End of Lower-Middle-Income Nation). 1980s-1990s, needed Just $6000 Nominal Per Capita Income to Be High-Income (1 Step of a Developed Nation). Today, it is $13000+ Nominal Per Capita Income to be High-Income that's 1 step to be Developed Nation

[@rmot2911]

MOST INDIAN STARTUPS in Funding MESS Too. China made All Want to have Manufacturing in Own Nation where China (quite a bit), Bangladesh, Mexico, Vietnam etc are Challengers while for High-End Manufacturing, Ireland, etc Challengers. HIGH-END + Low-End MANUFACTURING Easiest to AUTOMATE while HIGH-END Services Toughest to Automate. Services, Not Just IT, Hairdresser, Education - ALSO Designing, Strategic Management, Innovation+Creative Sides, Marketing, etc

[@rmot2911]

TN is the 1 with the MOST NUMBER of TOP TERTIARY EDUCATIONAL INSTITUTIONS from INDIA Also Though Where is India for TERTIARY EDUCATION? NOT EVEN 1 Top 100 World University From India while S Korea, Singapore, Japan, HK, Mainland China, etc EACH HAVE Few Top 100 World Universities (NRIs + Foreigners with Indian Backgrounds Do Well Gaining All-Round INTEGRATED Education and Experience Gaps FROM OUTSIDE INDIA WHICH THEY MIGHT HAVE)

[@rmot2911]

Additionally, India Got Knocked in 2009 PISA Assessments for Reading Comprehension, Mathematics and Sciences where SINCE 2009, India Hasn't Participated in PISA Assessments (INTEGRATED EDUCATION is there at Couple of Schools like Don Bosco, Doon School, Scindia School, Lawrence School Lovedale etc WHILE MOST SCHOOLS OF INDIA Way Behind)

[@rmot2911]

India 40th, climbed from 81st in 2015 under GLOBAL INNOVATION INDEX RANKINGS where MOST INDIAN STARTUPS in Funding MESS Too where NRIs + Foreigners with Indian Backgrounds Do Well Gaining All-Round INTEGRATED Education and Experience Gaps FROM OUTSIDE INDIA WHICH THEY MIGHT HAVE (Asian Regions Ahead under World University, PISA Assessment, Global Innovation Index Rankings - S Korea, Singapore, Japan, Taiwan, Mainland China, HK, Macao, Israel, etc)

[@devangerdthori3757]

I feel it would be a mistake to focus overly on the services sector ...and overlook the manufacturing sector...With a fifth of humanity living in the country,..India cannot wholly depend on countries like China, Vietnam etc..for their everyday use items..i.e the products of low tech manufacturing...The covid pandemic made even countries like the US (less than one forth the population of india) realise ...that they cannot rely too much on the manufactured outputs of other countries...India as a relatively poor and very populous country....should focus on all levels of manufacturing ..low to high-end...to meet the needs of its people..for goods and services ...and employment..

[@narayansingh9407]

He has made good point. I also get your point. Manufacturing should be done, but he's saying we shouldn't now only try to copy China by doing the lower end, he's saying focus on creating Apple of India. China has Huawei. It's phones are high end. That's why apple got US govt involved to get its competition banned in the west. I think he's saying let's not try to only focus on manufacturing, he's saying we already have a very successful software industry, and we should grow it instead of only focusing on manufacturing. Also I believe in future, manufacturing won't employ that many people in India as it did in China. Because AI and robots going to play big role in manufacturing in future

[@mohit_malya_0]

Voice to low

[@Talkative_Anshuman]

In time of congress price of everything is sensible and considerable. In this govt price is not considerable even production or sells

[@ravindertalwar553]

CONGRATULATIONS 👏 AND PRAYERS 🙏 BY RAVINDER TALWAR H.NO 21 EKTA VIHAR NEAR GROVER COLONY 120 FT.ROAD JALANDHAR CITY PUNJAB INDIA

[@MrUdayNarainPandeySharadNPande]

No personal vendetta Bad Country Bad Luck Therefore

[@eshrana]

Congress should never come to power. Rahul, Raghuram, Chidambaram, Robert, Priyanka will derail everything thing that Modi and team has accomplished.

[@rmot2911]

Ok where agree Modi currently has done fine and even maybe to Congress' Past too. But, do you know which has been the Most Skilled/Talent State and Cities Currently in India (INDIA SKILLS REPORT 2024)? NOT Modi's State GUJARAT which isn't even there within India's Top 10 Skilled States and Top 10 Skilled Cities within India while All of South Indian States are there with Maharashtra, Delhi, Parts of UP, Haryana. BUT, THEN:

[@rmot2911]

Challenge the INDIAN GOVERNMENT with their statement "WORST STATES OF INDIA for Highest Poverty, Worst Literacy Education, Worst Standards of Living for Most" Belongs to Bihar (125 Million+ People) followed by UP (240 Million+ People), MP, Jharkhand, Chhattisgarh, Tripura, Meghalya, Assam, Odisha, Manipur, Rajasthan, West Bengal, etc having 70% of India's Population (1 Billion+ People)(Out of these, Only Parts of UP, Rajasthan, Etc Improving)

[@rmot2911]

Challenge Indian Government + Business Experts of Moneycontrol, Economic Times, Business Standard, The Financial Express + Indian Authorities where India's Capital New Delhi, India's IT Capital Bengaluru though challenged by Delhi, India's Life Sciences Capital Hyderabad, India's Manufacturing + Automotive Leader TN which is Number 2 in India for Economic Side (Regions with US$4000+ Per Capita Income = Goa, Sikkim, Delhi and Chandigarh)

[@rmot2911]

Again Challenge Indian Government + Business Experts of Moneycontrol, Economic Times, Business Standard, The Financial Express, Live Mint as well as Indian Authorities too where India's Best States and UTs with 30% of the Indian Population Do Much Better than the Worst States of India having 70% of India's Population - Like All of South Indian States and UTs, Maharashtra, GUJARAT, Delhi, Himachal Pradesh, Goa, etc

[@rmot2911]

TN is the 1 with the MOST NUMBER of TOP TERTIARY EDUCATIONAL INSTITUTIONS from INDIA Also Though Where is India for TERTIARY EDUCATION? NOT EVEN 1 Top 100 World University From India while S Korea, Singapore, Japan, HK, Mainland China, etc EACH HAVE Few Top 100 World Universities (NRIs + Foreigners with Indian Backgrounds Do Well Gaining All-Round INTEGRATED Education and Experience Gaps FROM OUTSIDE INDIA WHICH THEY MIGHT HAVE)

[@siddhartha5186]

Gaumutra sanghiis will not accept scientism

[@gunjan126]

Abuse starts when logic ends.😅

[@perincherigopinathan3586]

Whatever he suggests, do the opposite for the economic progress of the country. His suggestions will lead the country to total economic perdition