Worst Decision Of RBI, Demonetisation, PM Modi & Indian Economy - Raghuram Rajan |

Worst Decision Of RBI, Demonetisation, PM Modi & Indian Economy - Raghuram Rajan |
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In today’s episode of Figuring Out, we have Dr. Raghuram Rajan in conversation with Raj Shamani. He is an Indian Economist and has served India as 23rd Governor of RBI. Currently, he is serving as Vice - Chairman at the Bank for International Settlements. This episode is level apart from all the other podcasts of Figuring Out, because we had one of the top Indian Personality who has in-depth knowledge of India and gave us answers to most burning questions of Indians.
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In this episode, we talked about what is the role of RBI Governor, what’s the actual reason behind inflation, how to keep it under control and why 2000 rupee notes were banned. He also shared his views on PM Modi and Dr. Manmohan Singh. We also talked about his new book ‘Breaking the Mould’ and discussed my favourite chapter from that book. We then discussed the India Canada controversy and his views on it. I asked him which are the three countries according to him that could be at the top in the coming years and the countries he named were something I never expected but as he explained, everything made sense.
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Towards the end I asked him what did America and China do right and become so successful and what is India doing wrong to not reach where it should have reached by now. We also talked about how much an RBI Governor earns on an average and this answer will shock you for sure! We ended with discussing 3 financial tips that every young India should know and follow. This episode is a gold-mine of knowledge for every Indian. If you love this episode, then don’t forget to subscribe to our channel, we come up with new episodes every Wednesday and Saturday.
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Timestamps:-
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00:00 - Introduction
2:43 - Role of the RBI Governor
4:21 - Process to understand printing of currency
6:24 - How do economies grow?
9:43 - Worst decision of RBI
11:07 - Why were ₹2000 notes stopped?
12:59 - Black money and demonetization
15:52 - Argument behind bigger denomination notes
17:45 - PM Modi & Dr. Manmohan Singh
20:58 - India's engagement with the world
24:20 - Change in the world order
26:07 - Competitors of India
28:30 - Saudi Arabia: New Europe of the world?
30:30 - Manufacturing in India Vs. China
35:51 - Growth in India, America and China
46:03 - Who will be the next face on the Indian currency?
47:58 - Salary of the RBI Governor
50:49 - Best Finance Minister of India
54:07 - His book "Breaking the Mould"
54:58 - Financial advice for every young person
58:16 - Conclusion
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gyanendrakumar36713 is an Entrepreneur at heart that explains his expertise in Business Content Creation & Public Speaking. He has delivered 200+ speeches in 26+ countries. Besides that, Raj is also an Angel Investor interested in crazy minds who are creating a sensation in the Fintech, FMCG, & passion economy space.
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About Figuring Out
Figuring Out Podcast is a Candid Conversations University where Raj Shamani brings raw conversations with the Top 1% in India.