Why India's RBI Governor Raghuram Rajan left.

He steadied India's economy, stabilized the Rupee-Dollar rate and managed the balance of payments. But was it time for him to go?
Bisbo’s other videos on the Indian economy:
----------------------------------------------------------------------
1. Is the Bullet train is good for India? • Is the Bullet train go...
2. Petrol prices: Why consumers still pay more: • Why consumers are payi...
3. What is GST: Dummies guide to India's new Good & Services Tax: • What is GST and its gu...
4. The Infosys crisis. What's troubling India's favourite software technology stock? • Infosys' first crisis;...
5. The Budget game: What to expect from Modi's Union budget of 2017: • First budget after dem...
Bisbo's Limerick:
---------------------------
Don't forget to watch Bisbo's Limerick at the end of each video, that neatly sums up the topic.
Support us with as little as $2 a month and get your name featured in our videos:
---------------------------------------------------------------------------------------------------------
/ bisbo
Follow Bisbo on Twitter:
--------------------------------------
@BisboGo
UPSC
---------
Use this video to prepare for UPSC and civil services examinations.

[@PS3456]

He figured out he is surrounded by blinds. He is talented and well educated compare to most politicians who are illiterate. India is the only country where they are no minimum qualification guidelines to run for govt. office.

[@mohit5496]

*run for political office. IAS exam is no joke

[@natalkumar6132]

You are right that he is surrounded by idiots but his solution was to increase interest rates , that is foolishness or is it that he wasn't given a choice by these IAS .

[@flowflow6012]

@@natalkumar6132 no he is a bootlicker like of sonia govt

[@JigneshPatel-of8kd]

@@flowflow6012 ohh bhakt then why urijit patel left

[@fitnessfreak4924]

@@JigneshPatel-of8kd oh jihadi how you also know

[@thrishulh9834]

Considering interest rate difference between US & INDIA stable rupee over 3 years is a miracle.

[@prasadsharma8585]

This guy found out US recession of 2008 in 2004/05. Guy knew what he was doing. Most our politicians and policies rely on religion,caste & regions. All our CM need to do is pass 5th grade or 10th grade. India lost a gem. He is as important to us as APJ Abdul Kalam sir.

[@vedprabhudessai4989]

Ganta,recently he is opposing pli scheme in india to manufacture semiconductors,he just want us to provide labour service to US companies

[@Aryan-oe3tu]

@@vedprabhudessai4989 pta na ho to mat bola kr bsdk

[@AnuragDDethe]

He is talented, and there are uses to his talents, I do not disagree. He is a smart and educated man. He still has a long list of flaws though, having someone as negative and pessimistic as Rajan can be a problem. It doesn't send a good message to appoint someone as RBI governor who keeps getting embroiled into politics, makes pessmistic statements about the economy, and a man who has spent most of his life outside the US. That doesn't send a good message to common Indians. India is an economy that is in its developing stage and will naturally grow, of course good policies and finances will help which is why we need capable economists in RBI but even the morale of such a huge workforce has to be kept in mind. People won't work hard and consistent for the country knowing that someone who left India to earn millions in the USA is running RBI and is not very optimistic on the direction of the economy.

[@sr-xd8jb]

haa bhai? kaisi lagi ? aagayi swaad? recession ka?

[@xxxdieselyyy2]

Raguram Rajan will find appreciation in countries where govts actually want to build infrastructure. In our country, politicians main goal is to win elections. Those are different priorities.

[@charanekkurthi903]

You only have one side of the story. 1. He increased the interest rates, and therefore cost of capital for msme's went up. Of course by interest rates he controlled inflation and various other things you mentioned. 2. You can see the impact after he left the office, Msme's started becoming NPA's(because cost of capital is high due to interest rates). 3. That impacted our economy. Because we have lot of structural reforms to clear the bad loans. Which further had an impact on the growth rate. 4. He was later called to give an explanation regarding rising NPA's.

[@Inndjkaawed2922]

I think you have it incorrectly. He is the one who raised the NPA issue at end of 2013 after bringing down inflation. Forced banks to actually reveal and flush out their distressed assets. This was a problem for a long time in the making. The political stooges found it easy to pin it on a man who does not have a nose for politics. He was the one suggesting the creation of a bad bank which is being endorsed by many major bank managing directors. He raised interest rate to cut down on inflation ( which is a double edged sword in itself but I guess one has to choose the lesser of two evils- inflation and on the other side employment and ease of running business) and helped weed out the flippant borrowers who would cry foul when the payday came. I may have come across as a fanboy of the man in question or a "congressi", but let me extend an olive branch. A lot of the NPA were loans issued during the 2007- 2012 period. It had to be flushed out into the open because the new leadership had a problem to solve. Political parties and their fanboys need to learn to acknowledge that these problems have to be solved and solve them and cannot find excuses to pin them on former leadership. That is why they are there and that is why they are elected.

[@newbegining7046]

Yes demonetization and haphazard gst rollout didnt happen, isn't it

[@harikalleriviswam5797]

@@Inndjkaawed2922 please look at cost of borrowing around the world and India. In India profit margin is low and cost of borrowing is high, how would you want to the business of country to grow. Secondly, in India only 15 or lower is accountable economy where as in US it is more the 90 percent. So if anyone has to be successful in India that person should know macro economy very well. After RBI tenure if Raguram Rajan loves this country Y don't he stay back and teach here. He straight away went back to US. Most importantly subramaniya Swamy is a man of incredible achievements, he is the man behind 1991 reforms, 2G scam, Sonia Gandhi couldn't become PM, article 370 and many more.

[@vivekm7971]

Exactly...some videos are extremely biased

[@shyamsundar-hi1ni]

@@harikalleriviswam5797 leaving the country is individual decision how does that affect ones patriotism and moreover sami swamy has been blaming our present finance minister for all chaos now happening, I think u forgot that

[@gurpreetsingh-em4vs]

he probably felt redundant when he was faced with "higher" intelligence after 2014

[@siddheshkhandalkar4498]

Just watch a few videos of Dr Subramanium Swamy you'll understand why Rajan was thrown out of India where he rightfully belongs.

[@gurpreetsingh-em4vs]

@@siddheshkhandalkar4498 Then y didn't they make Swamy the next RBI Governor???...

[@siddheshkhandalkar4498]

@@gurpreetsingh-em4vs why don't you listen to the man himself. kzbin.info/www/bejne/oniom5qhgNuZqLc Everyone has a chequered past in politics.

[@johnydragon8740]

No one in his right mind want to work for this panda pujari and babas goverment .

[@siddheshkhandalkar4498]

@@johnydragon8740 Yes under this panda pujari's govt for the first time since Independence Manipur has gotten railway connectivity. Why would someone want to do such good work.

[@srinivasanr1565]

The entire NPA is his achievements. Which we are trying to cope-up with. The oil bonds are another of his super idea. The removal of lock in period for foreign deposits!! The removal of guarenteed for loans!! Thanks.

[@LawDigestbyAyushi]

This is one great channel I have found in this time of lockdown. Brilliant videos. Editing, voice over, conceptual clarity and the length of the video

[@taranbedi6096]

What about increase real interest rate ?? Killing money supply and msme’s

[@sameersewak5229]

Taran Bedi yes. Now there is so much money supply right?

[@taranbedi6096]

Sameer Sewak haha yes. Hopefully it could be availed by the beneficiaries

[@AS-ug2vq]

@@taranbedi6096 You can't lower interest rate without lowering inflation. If you do, smart investor take their money elsewhere. Today, we've worst of both words, low interest rates but banks are refusing to lend money to small businesses, people aren't getting returns on their deposits.

[@taranbedi6096]

A S sir interest rates and inflation usually moves in opposite direction. You could google it and if that’s not the case then we say we stagflation

[@AS-ug2vq]

@@taranbedi6096 Nothing you wrote contradicts me. Ofc, interest rates are usually controlled by Central Bank. You need to increase interest rates when there is too much money in market chasing limited supply of production/goods (aka inflation). That way, those with tons of cash choose to put their cash in bank, rather than spending it on produced goods and services. But to lower interest, rate you need to first lower inflation otherwise no one will put money in banks which will further increase inflation. Why would I put money in bank, if bank won't pay me enough interest to cover inflation? Much better use of my money would be using that to increase production, through stocks.

[@skynet_4287]

He did not leave the position( as per the video's title)he was not given extension by the govt. The way you made report card for RR it would be interesting to see how other governors did when compared to RR, was he really good? Also, markets cheered on the day his term ended hence many were proven wrong who tried to scare people that if RR left then we are doomed. I would also like to point out that his remarks about our economy "blind" and "one-eyed" was unnecessary. He tried to undermine our progress and at the same time embarrass the govt. Yes he did predict the 2008 US sub prime crisis but that does not mean he is right all the time. RBI governors role is to work with the govt of its time and not to make stupid comments which does not do any good. Hence my limited point is I think the video is little biased towards RR.

[@abhijeetkumar2796]

RBI doesn't work alone , GoI and RBI works together, GoI can only give suggestions, GoI cannot order what RBI has to do.and RBI can't dictate what GoI have to do. His comparison must be from all aspects like what was going on in the world economy, than only comparison can be made,

[@BisboWorld]

Your points are good and yes we have taken a stand marginally towards RR. Next week we put out a new video on the govt and RBI tussle.

[@skynet_4287]

Hey, thanks for taking notice. Cant wait for the RBI GOI tussle video. Please dont forget to mention about the basel 3 norms and the PCA norms.

[@l4y3zY]

So Sensex is your prime indicator? Go away Bhakt..look how even the most docile RBI governor has resigned now. The problem lies is with Modi not others. Hope you're dancing at thoughts of S.Gurumurthy becoming the next RBI Governor.

[@BisboWorld]

Yes we have a brief mention of them also. Not much in detail though else the story gets diverted.

[@AbhishekTiwari-vf9ru]

He was mostly inclined to UPA government, made many political statements

[@anicma]

India's best minds are outside India, thanks to politics.

[@kaffir8216]

One of the wrost indian and anti national gunda

[@jyothipriyaj]

well we can see how well Indian Economy is now after he resigned

[@Mrchennai70]

You seem to be the great ironical economist. Wah re wah

[@bajajrajat7]

@@Mrchennai70 please you provide your insights then...We are on verge of economic collapse.

[@Mrchennai70]

@@bajajrajat7 Expected this situation long ago when you chose wrong man in the right chair. But still you people defend. Very sad.

[@tommyshelbyobe9098]

@@Mrchennai70 dude I think he was being sarcastic in his initial comment

[@venkatswamy5337]

Another way of eulogizing RR would be that he followed Madam's instructions in letter and spirit while PC created the tools to loot the nation. and RR dutifully put all those tools to work. If RR had been worth his two cents he would never have used the words "willing to help India IF invited", nor would have been replaced in the first place.

[@ajnair926]

Venkat Swamy very well narrated

[@BisboWorld]

@venkat. I doubt you knew RR and I had the occasion to meet both him and his predecessor’s deputy Viral Acharya. You would not have made this comment if you’d known them. They are principled in Economics and to their profession do they owe their loyalty.

[@venkatswamy5337]

@@BisboWorld I agree that as a person RR is impeccable. I nevertheless suspect that the company he keeps is bringing some bad reputation for him.

[@ajnair926]

Bisbo you expected RR to tell you about him being Sonia’s piddi and his piddigiri, the first time you met him?

[@abhishekbajpai886]

@@BisboWorld Just by mentioning that you met RR and know him your are putting your personal/emotional judgement come in play rather than factual implications of his actions and the reasons of what he did or why he did. Forget about his tenure as Governor, just as economist who had some say in Indian political set up at that time why did he not opposed the biggest looting scheme of our times - MNREGA

[@abhiramk8327]

Well, half truth and videos are very dangerous ..

[@BisboWorld]

What is other half then?

[@bharath_mangalore]

@@BisboWorld branding someone as Swamy as conspiracy theorists is lame

[@bharath_mangalore]

& I'm mature

[@ankursingh7545]

@@BisboWorld your puny mind won't get it

[@Blunttruth502]

@@BisboWorld dear bisbo. Let's face it you can not critisize certain ( flag,party,personalty,or people belonging to some banners) This is the new india my frnd. If want to get there likes and subscription. Just make a vidio of sonaia Gandhi and how she vooed famous politicians in her bikni... ✌️✌️ As per. Blind belivers. That's what sonia gandhi did for this country..

[@impresario4154]

Another dummy to take the seat of rbi. Paaapa..meri paapa.

[@abay7456]

Swamy is not a conspiracy theorist. Wtf are you saying? He has taught at Harvard.

[@dheekshayantr6522]

He concentrated more on fiscal deficit and less on how to put money in people hand.

[@Blunttruth502]

Well now after RR and post demonatisation + GST. I am way more richer than ever, thanx to the goverment. We have almost 0 BPL. GDP HAS DOUBLED AND WOW I CAN SEE WE ARE REACHING 5 TRILLION GOAL SOON...

[@Blunttruth502]

@@KaranSingh-xf5dv bro sarcasm samjhoo..

[@magelauditore333]

@@Blunttruth502 Bhai konse desh mein rahte hoon. India mein toh GDP Khai mein gira hain, Haa paar ek chiz full fledge mein hain 1. Unemployment 2. Communalism Edit: OOps thts sarcasm, thought may be some Andhbhakt blabbering about their bs

[@Blunttruth502]

@@magelauditore333 sir sarcasem hey.. bhakt ki atma katha.

[@gaurishification]

29 crore people out of a total 60 crore voted for NDA. looks like a lot of Andhbhakts.

[@ssbh8777]

Speak about inflation tooo And higher interest rates

[@aldrineabisheck5426]

He was the one who stood for inflation targeting. I think under his guidance household expected inflation was taken into consideration before any monetary policy decision. Therefore he took step so that the country maintains 4% inflation.

[@thomasabraham2331]

Inflation was high wasn’t a problem as long as growth is good which was the case during his term. Infact it’s just simple logic that when there is good growth, there will be more demand and hence higher inflation.

[@sritamdas8234]

Read Dosa Economics, you'll get your answers.

[@AVINASHSINGHKHALSA]

This video is so vague, without in-depth analysis. I felt as, a story telling to a kindergarten kid.

[@praneethkumar3505]

Can you please make a video of how India got affected after RaghuRam rajan left post demonization

[@BisboWorld]

Urjit Patel is highly capable. We have our RBI story coming out after 10 days

[@hssy2jrocker]

@@BisboWorld Now Urjit Patel resigned due to government pressure. He wasn't the puppet Modi expected him to be. But current governor, being an IAS officer, is far more controllable.

[@andrewcorreia3989]

Honestly, this raghuram Rajan appeared in my nightmare yesterday

[@priyansh1323]

What he did

[@andrewcorreia3989]

@@priyansh1323 the face its self is scary so i woke up

[@livefreetodiehard2550]

Didn't Rajan leave because of Demonetization?

[@Blunttruth502]

I think it was a different governor who left the job at the times of demonatisation. Please check. It out sir.

[@DeepakRajput-ko8ge]

@@Blunttruth502 urijit Patel

[@colarunjoshi]

He was shown the door. As a foreigner he cannot be apptd as Gov. But Chidambaram could do anything incl declaring ishrat jahan as an innocent indian.

[@livefreetodiehard2550]

@@DeepakRajput-ko8ge Urjit left because of improperly taking contingency fund.

[@pranavgoud5709]

He even opposed demonetization it will be a big failiure

[@krishnananal8106]

There were so many in US who predicted the housing mortgage scam as far back as 2004. In fact many made money by short selling the risk in the mortgage debt. Raghuram may be one among them but not talked about much and didn’t make money out of this crisis. There is also a Hollywood movie about the people who made money out of this crisis. Raghuram had to go after his tenure as his employment was not renewed. Under Raghuram time only most of the bank scams occured which became later as non performing assets.

[@shyamkrishnan3897]

Who gvn loans to rotomac malliya neerav and chokli the was rajan

[@ankushBanerjee2002]

arrey donkeys , you guys read the news please , but wait a second how the fuck can rbi give loans man , please study man

[@Gaurav90065]

@@ankushBanerjee2002 hey chamcha, RBI have governing power of scrutiny... So RBI didn't do anything when banks are lending them

[@ankushBanerjee2002]

@@Gaurav90065 Do you even know banking systems , banks themselves decide credit lines for businessmen , rbi only comes in when the history of the client isnt available , mallya always used to repay his loans until kingfisher and he had united breweries shares man , wilful defaults cant be predicted bro ,

[@gamefreak8503]

@@Gaurav90065 how did you know he was a spoon until and unless you know somthing worst about the party you support I guess it's bjp am I right.

[@pknhaveenkumarreddy5837]

rbi could stop or question stupid...when inflation was very low he didn't cut interest rates

[@yashk4051]

India is still growing it's reserve It's should not be like if not RR no one could replace him

[@BisboWorld]

Agreed. No one is irreplaceable. But the wrong person can do lots of damage.

[@krishna_Bharath]

he choose GC. How can a GC holder can be a RBI Governor. Isane and that is congress

[@TheGeorgeous]

Still the best one we had. After him it's all been downhill

[@ishaandeswal3185]

dumbass

[@AS-ug2vq]

You'll really go ahead with this tribal mindset

[@krishna_Bharath]

A S there is a saying : think global act local

[@ravigogoi]

So now we have a Historian .

[@evamkaushik5392]

What's with Indian KZbin channels not using titles? Man didn't just get a doctorate to be addressed directly by his name. 'Dr. Raghuram Rajan', is that so difficult?

[@prasannakumar-qv8nf]

Today In India, many MSMEs were shutdown and those firms are back bone for strength of Indian economy for gearing up growth. Unfortunately, MSMEs were wipe out due to Mr. Rajan's idea for controlling the Inflation during 2013. All the credit goes to him only.... Such a semi literate ....He rose up interest rates and as result of that MSMEs were bankrupt. So, I think we need a strong background of macro economics knowledge person should appoint a RBI governor not for finance (i.e micro economics nature).

[@driftking476]

You didn't explain why he left?

[@PraveenKumar-ei6qr]

Subramanian Swamy is undoubtedly a better knowledge of economics than Rajan. Raghuram Rajan had his flaws and merits.

[@praneethkumar3505]

Now that even urjit Patel resigned can you make a video on rbi under Modi government

[@BisboWorld]

Yes Parmeet. Friday or Saturday

[@AngshumanDas13x]

@@BisboWorld so where is the link to the video? Can't find it

[@RockDpartyy]

Swamy did more damage to India than all scammers (mallya,modi,mehta ..etc) put together. He should be brought to Justice.

[@chitranjankumarkushwaha4259]

It's opposite Swamy has done many good things .like founding 2g scam by govt

[@RockDpartyy]

@@chitranjankumarkushwaha4259 lol 2g was brought into light by CAG. I also used to like Swami, but over the time, i realized he is just a puppet.

[@shivamr4725]

Subramaniam Swamy accent was really funny 😂 😆 1:27

[@falcon0097]

After Rajan sir and congress left, now everyone knows how poor Indian economy nd condition of the country is in the hands of bjp

[@CR-hn5oj]

You are good in English..but not educated".. sorry but it's true."

[@vivek3366]

You just made a statement without any facts. Anyone can have a blind opinion.

[@ayushchhabra2662]

True

[@tusharpatil3358]

He remained mute on PNB Bank Scam

[@28.hamzakhan35]

A Loss for the nation

[@rohanvachharajani7187]

Dear Team Bisbo, You have forgot to show one thing and that is he kept increasing the interest rate of Laons which made MSME shut the store. Unemployment rose in MSME. And that's the reason Government did not extended his term

[@gauravsankhe5808]

Inflation low at Rajan's term. Prove it or I will believe everything else ticked is as random as the entire video

[@aldrineabisheck5426]

He was the one who stood for inflation targeting. I think under his guidance household expected inflation was taken into consideration before any monetary policy decision. Therefore he took step so that the country maintains 4% inflation.

[@gauravsankhe5808]

@@aldrineabisheck5426 Really? Just check when the doubling of prices of household inflation begun. Also check when rupee started crashing drastically! You will get all the answers! R R was good at many things, but inflation NO, he didn't counter it, because he wasn't vocal much about UPA s spending / fiscal deficit extravaganza!

[@vishwajeetpandey7392]

@@gauravsankhe5808 Housing prices rose up cause , It had become easy for lenders to lend money to buy new houses thus Increase in demand resulting into rising of House prices

[@harshaldesai5393]

You are right, the entire video is random. I was scratching my head over the source of India's savings numbers

[@thehitmanhart09]

I like Rajan alot and follow his policies and views . But your opinions and summaries are so biased and one sided that its almost dangerous for an audience who doesnt have knowledge on the issues discussed. Please do try to cover the whole spectrum instead of portraying only one side of a coin

[@shyamkrishnan3897]

Google which yrs malliya took 9000 cr was on upa

[@colarunjoshi]

Please clarify. Can a person who is not an indian citizen or domicile be appointed as The RBI Governor. I have read that when MMS brought Urjit Patel as a Dy Governor the first action taken was he obtained a domicile certificate.

[@BisboWorld]

Interesting point, though knowing one of the appointees personally I would vouch that they have Indian’s best interests at heart.

[@colarunjoshi]

@@BisboWorld that is not the question. There are statues that are binding. Tomorrow any tom dick or harry will say he be apptd since he has the best for india at heart.

[@pullamraju4855]

Rahan an USA citizen and the pet of Chidambaram !? Chidambaram was director, producer, distributer of Scams in UPA. To help in the scans Rajan was brought!?

[@ramanraghunathan7012]

He left because he was main reason why king of frauds was not arrested,on instruction from his master's,he saw to it no bank was ready to file case against king of frauds

[@Sourav_MadridCF]

Adani

[@rajmanimittal2421]

ur vidoes are becoming bit of biased. you should give the right things to the people, if you want to grow.

[@prasadpress327]

@Joseph Willi Rice bag?

[@hailshambu54]

@Joseph Willi Italy slave 😆

[@prakashvedhapuri2791]

his is right person for RBI governor

[@chandanpanda0015]

Why are you circulating fake news. That fool didn't left. His term is over and then he choose academics. That fool is not an economist and will not be one. He almost killed the lending ecosystem. Don't try to project him as an expert, this is not going to work and make your boss happy. We don't need Americans to give our country expert advice. We have enough talent in our own country. Sudhar jao congis k mat chato.

[@saajmohd3561]

Subramaniyam Swamy sick man.

[@MAC-vi7fy]

Name one corruption allegations or one thing he was proved wrong for.

[@jdsurgeon4820]

Fuk off mulla

[@krishna_Bharath]

Rajan did not do anything for SMB setor. How can a GC holder be a RBI governor.

[@saajmohd3561]

@@MAC-vi7fy why corruption he is a mental.

[@saajmohd3561]

@@krishna_Bharath Ys true.

[@chandranshpandey1929]

Fyi he never Raghuram Rajan never said that about housing prices

[@AnkitGupta-ll6mz]

Bisbo is itself a conspiracy theorist to say that Rajan left...left??His term as RBI governor ended. SS is one of talented economist. RR is not the only one to predict sub-prime crisis of 2008. So much money became NPA during RR's tenure. This video is same like movie of Sanjay dutt ,ie to wash RR's mistakes.

[@sridharaddagatla]

video didn't explain why he left clearly.

[@uplisrinivasan]

You are exaggerating the situation and didn't inline with fact like what is the role and responsibilities of rbi governor.. They have limii authority..

[@viveknegi7006]

because he was not the economists did things worse by his policy, like current RBI governer is also not economist

[@prajwalaithal7624]

I have been quite following Bisbo and love their content, as they always do good background research. But their research in this whole channel is not even 0.1% of what Subramanya Swamy has done in his career. Calling him conspiracy theorist is quite lame. Bisbo needs to realise this mistake and grow up, else you will land up as another local desi wannabe channel. Hope to see you guys be successful !

[@BattleGreen25]

Is that a threat?

[@prajwalaithal7624]

@@BattleGreen25 threat to whom?

[@biplabdas3678]

Please appoint Baba Ramdev as governor...

[@Legendsofcabal]

Good videos, the narrative is interesting. But two things are cringe inducing: The background music and that God awful 'Bisbo' robot concept..

[@BisboWorld]

Background music is now much lower and Bisbo logo has been changed and robot gone from story

[@Legendsofcabal]

@@BisboWorld very nice to see active responses from the channel. Wishing you all the best for future videos.

[@bhaskynateshan]

When he was chief economic advisor the rupee went thru it's worst erosion. So India brought FDI is it? Ha ha ha

[@Prosperousprotocols]

When he was governor he defended our currency against a potentially devastating devaluation I was there in 2013

[@spreddyreds9408]

Hiw much did RR give bisbo to eulogies him?

[@vinodae1937]

It's not like he was the only one who knew about 2008, many knew before him if it was not the case then insurance company would have not been broke paying people who bet against the market. This fantasy that only an one person knew about it and he was an Indian is false. If He was as adviser in Sri Manmohan Singh period, how did they decided to give licence on a first come bases, any one can see auction is far better a deal.

[@infinity8014]

No, Raghuram Rajan doesn't have such efficiency as RBI Governor. Even he is not an economist. Better to have removed him from that office.

[@saffronshines8775]

Left support channel, Rajan don't know about a single about inflation,wow Rajan great Rajan,10/10

[@mohanamonkar3567]

He was asked to leave before demonetization to maintain secrecy as he was poached by Congress and the secrecy had to be maintained from the most corrupt Sonia Gandhi family in India

[@shyamsundersingh8114]

Your figure for rupee value against USD is wrong. As per my knowledge it was in range of 60 to 63 before him and went to 67 to 70 aftrt he left.

[@emilyganguly8150]

In India the brilliance are not given freedom to be their best selves, and act only as tools for self serving, average politicians. You can love your country and still work for it but at some point in time you would want to be what you are capable of achieving.

[@ideashackinc.8409]

The arrogance this channel has in calling Subramani Swamy as a conspiracy theorist??? Hello, he's an economics professor at freaking Harvard.

[@Blunttruth502]

The problem is not the channel his party does not trust him. I respect sswamy as a economists. But his agendas never match with what party claims. Also he hates people of his own party. I would love to see him as a finance minister. India needs a minsiter who.understands economics

[@ideashackinc.8409]

@@Blunttruth502 That's because the people of his own party are scared of him. If the man wishes, he can bring down this govt. Like he did with Vajpayee, or like what he did with Sonia Gandhi by blocking her from becoming PM

[@srinivasanr1565]

In short he presided overvthe loot of Indian Economy. With the 2006 world recession, India should have capitalised as it had a better fundamentals. But no. He let India down with rather NPA centric policies that enabled loot by Congress leaders and their like. Bankscwere looted without actrace on paper. He resigned because the banks were choking under the NOS loans and anytime things could reach his neck.

[@hmrd8555]

Very good.... NPA shoots up in his time.....no action from him

[@narenderreddy452]

NPA was there from well before but he was the one who forced banks to announce all NPA numbers and call spade a spade, earlier governors didn't have enough guts to put it in front of country in their regime.

[@hmrd8555]

@@narenderreddy452 but he revealed it only after he out from the governor post.... very close to Manmohan Singh, not communicate with him about the bad loans at that time

[@narenderreddy452]

No man, he took charge as rbi governor on september 2013 which means he hardly had any time before modi sarkaar. And since I'm a bank officer i know how reluctant banks are to announce their actual Npa's even after rbi shuntings.

[@jayashreeodeyar7568]

The case is about america not about india, before commenting plz be clear of the things, read from reliable sources

[@shrikant901]

He has not left, his tenor has finished.

[@krunalvora2186]

Still why did he leave, the question is unanswered in this video.

[@Vmtpipes]

Mr Swamy all time conspiracy hahah, if someone raise voice for his mather land is it conspiracy ? hahahah bisbo team

[@ramsundar3232]

He is idiot !

[@jdsurgeon4820]

Subbu is aw3some.. These ppl dont know how many cases he has fought

[@syedkhajanayabrasool6111]

BJP government made him to resign forcefully because he didnt allowed demonetization. Why u give only half information.

[@dhoomketu2007]

He was fired and India is better off. Ever since he has been peddling his negativity towards India, sore loser.

[@viewthis4161]

Losing him now india is suffering. He was the best govornor of RBI. He managed so well in past that inflation came down from 11-12% to 4% .

[@BingeMarathi]

After rajan india urjit patel and now shashikant das but not able to his job as india now poor than rajan era as governer because rupee price to us dollor is 73 to 74 now and before going to 75 to 77

[@BK-rj7eg]

swamy is great

[@HarishKumar-vv8bj]

U r comparing indian savings with RBI governer lol if economy is sooo easy governments years together won't worry much ... Grow up kido ... RR is not the macro economist

[@proudindian9140]

abey chutiye,u are the one who his watching his video..so stfu and get lost

[@LifeGeneralist]

Please remake this video after 4 years, what has changed now?

[@yousufyaz5170]

One of the victim of Modi government High talented person but India avoid him due to poor politics. Now Cow government foolished to people through demonetisation

[@JT-zl8yp]

Rajan was good

[@ImanBcheck]

I think RR is overrated. What GOI did to him was not entirely wrong. I didn't like RR as he use to create the problems himself and then solves it to take credit.

[@amanvarshney2800]

You show only positive side of rr what about negative part

[@lalithlalith5238]

Raghuram rajan was actually increasing intrest rate and it would have hurted msme the largest employeer and by increasing interest rate he controlled inflation but u kill msme thats why he has been sent out

[@akshaybhandari1716]

Unlike a lot of the other videos from this channel.... this was heavily opinionated.

[@BisboWorld]

Ok Akshay. Noted

[@ImanBcheck]

True

[@gopaakrishnanmvenkataraman9129]

Dismissed for selling pak our notes

[@Pankajkumar-sb3lq]

But why did he left

[@ShivaniSharma-io4lm]

Kya bina naukri k chup rehna hi desh bhakti hai???

[@proudindian9140]

naukri apko wse v ni milegi...so calm down

[@ravindertalwar553]

He is a Great Global Genius

[@sandeepsule2997]

he was not given extension

[@fromheart1986]

Worst part of modi government is that it doesn't have expert people in centre, worst finance minister..

[@litazo6574]

From highly educated RAGHURAM RAJAN to Shaktikanta Das M.A. in HISTORY as RBI Governor . WE HAVE BECOME A JOKE

[@965vaibhav]

Seriously what do you know shaktikanta das ,

[@litazo6574]

@@965vaibhav all i know is RBI Gov should be highly qualified in ECONOMICS not some MA in History .

[@965vaibhav]

@@litazo6574 well to your attention Mr das is an ias ,though he has done his major in history ,but the domain working during his ias career has been economic sector and we dont need a visitor who has done major in economics but has no grass root level knowledge about how things work in India ,and please do recall yes bank and iifl scam is due to his brilliancy in economics

[@akif5903]

He left because he was repeatedly pressurized to change his decisions as an RBI governor.

[@shyamkrishnan3897]

He was the rbi governor who was responsible for all bad lons yes bank crisis bcz he kept the hidden accountability

[@kedarnadh8971]

Mr Swamy is not conspiracy theorists.. use ur words cautiously or u will end up in court ...

[@AnujDoshiHuman]

It was a big loss to India. Letting him go is probably the most stupid thing Modi govt did.

[@vinodnarayanswamy]

Subramanian Swamy a conspiracy theorist ??? You are one bogus channel, the guy who designed the nuclear plan, the guy who started planning for market economy since 1970s and the guy who created the blue print in 1991 for market reforms which the same was implemented by dr Singh, the guy who ho got Dr Singh to India and in dr Singh book it’s clearly mentioned who is the reformer not him but dr Swamy. Just be coz with his brilliant legal mind got Sonia not to be the PM your investors should not conspire

[@narenderreddy452]

At least BJP should have recognized the value of swamy and made him FM rather than Financial illiterate Nirmala sitharaman

[@sehajbirsingh6167]

Well economy is a complex topic what we could see is result. But if an economist like swamy( although dont like his ideology but is a good economist) is saying something like this then there must be some reason

[@VinayG13695]

He didn't leave...govt didn't extend his term...