Just Brillient, I loved every question and every answer & as a non-commerce student, I could get the impact so well explained. I was following Turkey's state, and she was so brillient to diplomatically handle this.
that is just her position which makes her informative and inspirational. many in our country have been saying the same thing since the past 5 years no one listens to them.
@@ritwiz "that is just her position which makes her informative and inspirational" - Yes, Because of Her position only she is inspirational. we would not be watching her talk if it wasn't for her position. You have to work very hard to take up position of that level. she did all that so yes, she is inspirational. Inspirational people inspire others to grow & keep fighting the odds. :)
Question one -can you explain the state of global economy for the dummies? Answer -it continues to recover we see positive growth trajectory although the momentum is slow as compare to the first half of this year. It has been a turbulent phase because of rise in the Covid cases and supply chain disruptions. Question to -do you see a perfect storm building up? Answer- unlike 2020 when the government balance sheets for healthier this crisis will be more challenging as inflation may become entrenched even the health personnel have not been able to recover fully medium to long-term focus should be on the healthcare system Question three -do you use any models to understand the global scenario? Answer -yes we do have some in-house models to understand the assumptions matter a lot because predictions are very sensitive to the inputs. Question four -how can you explain this scenario of bad economy plus inflation plus the global commodity boom? Answer-the advanced economies have a rebound very strongly such has not been the case with the emerging and developing economies. The consumption expenditure has shifted from services to goods that's why we see a rise in the demand for goods other than that we also see pandemic in to supply disruptions. it was originally understood that demand will shift back from goods to services but that did not happen and this is pandemic in to is supply disruptions has caused the unexpected global commodity boom. We have also seen High energy demand. Question five -which category of governments do you see as more vulnerable? Answer-every government will be a difficult Spot higher inoculation may help reduce the stress on the healthcare system. Push through vaccines is required as it may protect against severe diseases. Question six -is an equality of wealth forgotten at micro economic level? Answer -no it remains as an important concern as population who could work remotely have been better than those who worked in in an interactive workplace. In fact in advanced economies household savings have gone up however countries which lack the infrastructure for cash transfers and the MSME have been hit the most that's why cash transfers have been made to the people to provide some financial cushioning. Yes it is true that concentration of wealth has happened Question seven -what inequality measures do you suggest? Answer-incommunicado Litty can be curbed through cash transfers and ensuring that the post-tax income distribution remain steady yes wealth in equality has risen and it can also be countered through low interest rates but it also gets very complicated we continue to discuss these matters in the IMF Question eight -how governments have responded to Covid? Answer-they have done income support mostly it has been and targeted they have also given attention to differential access to schooling , attention they tried to open the schools and ensure that they remain open. Free vaccination and free Hospital access. Question nine -can governments, with more rounds of fiscal stimulus? Answer-some countries can still borrow at cheap rates for example the USA however more targeted fiscal stimulus is required Question 10 -are you expecting more I said price bubbles due to the easy money policies of the central banks? Answer-the major concern has been of the foreign markets however the other concern which was that the long moratorium period may induced bankruptcy after the economy is open is not so severe anymore. Yes we do see overvaluation in the crypto assets and the frothiness associated Question 11 -in the country report that you had authored you had mentioned that India India's one of the fastest growing economies but it had already been declining almost 3 years before the pandemic started? Answer-it is true that there has been low consumption and low investment growth there has been weakness in credit growth the NBFC crisis happened and it weighed on spending and low capacity utilisation rates the question is about additional growth as a net growth in the last two years has been zero. Some measures are required for example consumption revival public expenditure and increasing exports. Question 12 -What are the policies that failed ? Answer-the NBFC crisis the reform of financial sector is still pending there has been some NP reduction we need to continue to evolve the IBC mechanism and governance of the public sector banks. Question 13 what is the impact of demonetisation? Answer-there has been no permanent impact it seems 2% GDP loss was predicted it didn't look permanent although there were some short-term implications but quantitatively it could not be considered as a permanent impact. Question 14 what should India have done to be better? Answer-of course vaccination could have been more widespread also there was insufficient information lockdown happened. It seems that more cash benefit transfers as well as transfers in kind were required. Nothing was done to provide urban employment. Question 15 what issues are you discussing with the Indian government? Answer-we have advised the fiscal policy to remain accommodated in the near future term and the other things we have mentioned in the article 4 Country report. Question 16 what do you understand about the crypto currency issue who wins or loses? Answer-the underlying technology has a promise but it is still misunderstood as a word problem is being solved through it money should ideally make more money but that can also happen in a bubble. Different kinds of crypto currencies exist there are some purely speculative crypto currencies and then there are some a stable once which are being used for the payment system. It needs to be regulated using it as a legal tender is not suitable because it doesn't have stability of value and can become a big risk to the monetary system of the country. Question 17 what do you think crypto currency is a problem or an opportunity? Answer-it is both as the underlying technology does have a promise however it is troublesome to be regulated Question 18 why emerging or developing economies have more attraction towards Kryptos? Answer-hello financial inclusion makes people attracted towards big gains. The gullible people do get attracted to words such kinds of chit funds and Ponzi schemes and similarly happens in case of Kryptos. Question 19-do you think sovereign countries will ban crypto? Answer-some of the countries have fully banned it and some other countries have done it partly but most will try to regulate it. In emerging economies new classes of assets to become a way to evade the capital controls and regulations. Question 20 -what is the role of politicians in economic policies? Do principles of economics become subservient to the political demands? Answer-we've always considered independence of central banks as important and there have been numerous episodes of populist ideologies toppling of the economy due to poor choices. I am an independent person, if you want to support me please subscribe to my channel.
I dont know or understand anything on economy she is saying but I am amazed with the fact that she is 50yrs old and looks like 30 years old with a spark of 20 year old girl in her eyes.
@@raghavgopal4363 Mate stop lying, I know her father TV Gopinath personally. He is my neighbor in Thrissur and a prominent agriculturalist in Kerala. Gita is a thoroughbred Malayali girl from a Nair family who speaks fluent Malayalam. She was economic advisor to Kerala CM before she went to IMF. I've met Gita personally a few times when she visited Thrissur for Christmas. She was only born in Mysore, she's not a Kannadiga
I thought she would say something different, but most of the advice given by her was to the book. She talked so much yet I found nothing new from this conversation India 2020- direct support measures should have been taken India 2021- growth is back but some sectors are still hurting, potential of rising NPAs Crypto- risky asset, more regulation needed
I think she represented an analytical response quite well. Basically answering what was asked of her, keeping in mind no politician , no country great or small has had an answer to solve this pandemic, this only shows how vulnerable we are and so dependent on God we need to be .
@@yogeshagrawal9364 from where do you come up with these numbers ? Also states Southern states plus Maharashtra is twice the population of Uttarpradesh. Why would any media channel invest in creating content that alienates as many possible viewers ? Now an argument will be made that Hindi heartland has more population and hence they should cater to it. If you go by the voting patterns of those states and content patterns of this channel its not a match.
@@sharathmandyam6103 you can literally check these statistics on the internet. Wion gets the maximum viewership followed by ndtv, republic and times now.
@@abhinav7560 it's not the question of who gets more views. The data quoted is with respect to 5% of population for news channels. Where is accurate data for that when so much of viewership stats has been tampered with for ads ?
@@yogeshagrawal9364 just bcoz IIT produces less than 5% of India's engineers doesn't mean it is irrelevant. Look at the substance of the work they do, not the reach.
@@sharathmandyam6103 Cool down not all southern folks know English. People who have got education they know english but even common people doesn't speak English they use their native language more.
She does a wonderful job of abstracting technical details and providing a meaningful summary to each question presented making content like this accessible to everyone. Brilliant!!!
Dear Shekhar , I like you for your clarity of expression. You need to be politically neutral. We live in an uncertain world where crooks are having a feild day . If the intention , integrity and reasonable clarity of economic understanding of politicians are in place , some good will certainly happen. Thank you for being there . 👍🏻🙏
I admire Gita Gopinath but the relevance of IMF is diminishing day by day. IMF has screwed many poor countries with their ultra agressive policies which are directly controlled by USA. The hegemony of USA is going to be over soon and IMF will be a no voice ultimately.
Thanks SG for inviting Ms Geeta Gopinath It made a very interesting and educational viewing I would like to thank Ms Geeta also for coming and sharing her views
There is nothing to make, you people still buy Chinese phones, so to keep you safe from hurricanes or tsunami when you are in middle of the ocean or top of a mountain then isro has to sign agreement with those companies to install isro's Stateline text messaging service that works without internet because you people are addicted to Chinese cheap phone.
Like to thank Sekhar sir for the wonderful piece of interview, makes a lot of sense and very smart woman with insights. But.... on other hand found three times when Sekharji had tried to put his perception on Modiji's government action 1) he hinted at demonetization 2) Government handling of complete lockdown for wave 1 and 3) when he was very directly asking about 'strong man leadership' in all three times she comfortably skipped to respond the way he wanted. For first question she picked up only last two years and responded, for second it was generalized as ''any single country got it right'' and for the last question she again gave a more economists answer. When there was a question from reader (not sure if its planted) she came out clean stating there wasn't long term effect. I was presuming that we are meeting a global economist and it would have been more better to use the time to see what's going to come ahead. Questions like handling of finance and cash transfer during pandemic, crypto were good, but beyond that it could have been more of futuristic view on economy rather than going back to demonetization again and again.
I think Smart Contracts are a valuable application of blockchain technology, on which crypto is based. It can actually help farm marketing. Eg: when you pay for food at local market, then smart contract can execute automatically, to make sure, a pre-agreed percentage of every payment, gets transferred to the farmer, the truck driver and the market owner. That way market linkage would become efficient.
@@nandi7772 Yes, Bitcoin should not be currency. But that is just one application of blockchain. Instead, a central bank digital currency, or crypto rupee, would be beneficial. Because it would be just a digital version of paper rupee, but you don't need a bank account for transaction. It would be like digital cash, but more secure, counterfeit proof, and cheaper to introduce than paper cash, because no printing and transportation is required. But there would be cost in setting up blockchain infrastructure.
Really one of the best otc interviews 1. Shekhar sir always blamed demonetization for slower growth but she blamed NPAs 2. Effectiveness of insolvency institutions will be a challenge 3. Crypto currency is attracting more people from emerging economies than developed. Thank you 🙏🏽 SG sir and The Print
Money speaks and China is the big buck guy with financial muscles, just look at who funds the IMF. Of course you wouldn't rant about the person who pays your salary.
wow brilliant interview, no wonder she's the IMF Chief Economist and now the IMF no 2. I could grasp and understand through her insightful knowledge on the current economic trajectories in the country and globally
It is impressive to see that lot of Indians going abroad and flourishing. Not only the high profile people like GG. Even average people seem to be doing bounds better.
She was also a middle class person in India. After she studied abroad, she became high profile because of her brilliance. When we form one sixth population in the world, atleast few people in high posts should be Indians.
She has to be diplomatic, given the fact that IMF needs to maintain good relations with governments across the world, to keep a dialog going, espcially with the "strong-minded" leaders. Cannot afford to rub-off any country, just to look good in an interview.
Good and Informative talk. Sekhar Guptaji persistently kept on trying to put his words in her mouth citing demonization as the reason for economic slow down which she completely disagreed. She mention Bank NPAs as the reason which he didn't want to hear
Would have loved to hear a lot more on the effects of demonetisation, lockdown and general health of India’s economy with more ground realities. Maybe she doesn’t want to be controversial to this government, but good attempt by SG throughout to get something out of her.
Interesting, she isn't updated about some important reports and unable to support her opinion on demonetization. SG sir has asked very relevant questions and follow up questions to get the clarity. Thanks the team Print for such important interviews.
Gopinath could be a candidate for india as minister of finance and graduate to head country’s foreign affairs and finally head india in its affairs both global and internal as she has the ability to see things clearly and will be able to navigate the uncertain world to reasonable certainty . 🙏
If you have a little daughter or grand daughter tell her about Gita Gopnath. Make her the hero of life and grow up to be like her. I just feel like blessing Gita Gopinath and tell her how proud we are of her.
She is very experienced rich with job knowledge so opinions are based on research findings so people find it objective and not biased Added these qualities with her level of maturity and humility, she is capable of remaining on the top international positions in the financial sector Best wishes to her
I absolutely respect Mrs. Gopinath but I found her opinions thought informative yet lacked ground reality and I don't know why but she was focused on developed and advanced economies but not about the 90% of other countries
What are the measures taken or advised by IMF to countries to prevent or tackle with concentration of money to certain sections or sectors of society which is the one of the major factors responsible for economic inequalities.
In addition to what she said on slowing down, Gupta has to realize that 1991 or 2004 or 2013, India GDP was much less and when you see growth rate we are talking about from a higher GDP the growth % may be lower but in absolute terms it will be higher $1Billion GDP 10% Growth is 100 million, at GDP $2.8 billion at 6% is 168 million, much higher than 10%, As India grows its GDP, the % growth may be lower, the absolute no will be higher, do not get mislead by growth %.
Very good interview and very I formative. I felt Dr. Gita was not allowed to finish her comments often and was interrupted with follow on questions which could be annoying :).
Like her, my mom is also from the Kannur district. She is in her early 70s. She hasn't aged a bit, looks like she is in her 40s. I am tending to belive that there must be something in the water in Kannur.
Crypto is the future. I love the Print and you should do informed and unbiased reporting on crypto (unlike most MSM), like you do across other segments.
She is 50 but looks like a enthusiastic college passout girl... ofcourse her knowledge and intellectual is abundance 🙏
Just Brillient, I loved every question and every answer & as a non-commerce student, I could get the impact so well explained. I was following Turkey's state, and she was so brillient to diplomatically handle this.
Brilliant not brillent
@@philips1747 Agreed!
Gita is dumb. U see it in her eyes.
Fake ascent.
@@reservoirgeophysicist3013 it is spelt accent.
@@reservoirgeophysicist3013 grow a pair.
Love how SG bowled the China bouncers and GG ducked every one of them. :D
Ikr
😬
She's a diplomat
I find her talks very much informative, Inspirational. She is an inspiration to all.
No
@@devbratyadav7344 how????
that is just her position which makes her informative and inspirational. many in our country have been saying the same thing since the past 5 years no one listens to them.
@@ritwiz we are busy terming them anti-national...
@@ritwiz "that is just her position which makes her informative and inspirational" -
Yes, Because of Her position only she is inspirational. we would not be watching her talk if it wasn't for her position. You have to work very hard to take up position of that level. she did all that so yes, she is inspirational.
Inspirational people inspire others to grow & keep fighting the odds. :)
Question one -can you explain the state of global economy for the dummies?
Answer -it continues to recover we see positive growth trajectory although the momentum is slow as compare to the first half of this year. It has been a turbulent phase because of rise in the Covid cases and supply chain disruptions.
Question to -do you see a perfect storm building up?
Answer- unlike 2020 when the government balance sheets for healthier this crisis will be more challenging as inflation may become entrenched even the health personnel have not been able to recover fully medium to long-term focus should be on the healthcare system
Question three -do you use any models to understand the global scenario?
Answer -yes we do have some in-house models to understand the assumptions matter a lot because predictions are very sensitive to the inputs.
Question four -how can you explain this scenario of bad economy plus inflation plus the global commodity boom?
Answer-the advanced economies have a rebound very strongly such has not been the case with the emerging and developing economies. The consumption expenditure has shifted from services to goods that's why we see a rise in the demand for goods other than that we also see pandemic in to supply disruptions. it was originally understood that demand will shift back from goods to services but that did not happen and this is pandemic in to is supply disruptions has caused the unexpected global commodity boom. We have also seen High energy demand.
Question five -which category of governments do you see as more vulnerable?
Answer-every government will be a difficult Spot higher inoculation may help reduce the stress on the healthcare system. Push through vaccines is required as it may protect against severe diseases.
Question six -is an equality of wealth forgotten at micro economic level?
Answer -no it remains as an important concern as population who could work remotely have been better than those who worked in in an interactive workplace. In fact in advanced economies household savings have gone up however countries which lack the infrastructure for cash transfers and the MSME have been hit the most that's why cash transfers have been made to the people to provide some financial cushioning. Yes it is true that concentration of wealth has happened
Question seven -what inequality measures do you suggest?
Answer-incommunicado Litty can be curbed through cash transfers and ensuring that the post-tax income distribution remain steady yes wealth in equality has risen and it can also be countered through low interest rates but it also gets very complicated we continue to discuss these matters in the IMF
Question eight -how governments have responded to Covid?
Answer-they have done income support mostly it has been and targeted they have also given attention to differential access to schooling , attention they tried to open the schools and ensure that they remain open. Free vaccination and free Hospital access.
Question nine -can governments, with more rounds of fiscal stimulus?
Answer-some countries can still borrow at cheap rates for example the USA however more targeted fiscal stimulus is required
Question 10 -are you expecting more I said price bubbles due to the easy money policies of the central banks?
Answer-the major concern has been of the foreign markets however the other concern which was that the long moratorium period may induced bankruptcy after the economy is open is not so severe anymore. Yes we do see overvaluation in the crypto assets and the frothiness associated
Question 11 -in the country report that you had authored you had mentioned that India India's one of the fastest growing economies but it had already been declining almost 3 years before the pandemic started?
Answer-it is true that there has been low consumption and low investment growth there has been weakness in credit growth the NBFC crisis happened and it weighed on spending and low capacity utilisation rates the question is about additional growth as a net growth in the last two years has been zero. Some measures are required for example consumption revival public expenditure and increasing exports.
Question 12 -What are the policies that failed ?
Answer-the NBFC crisis the reform of financial sector is still pending there has been some NP reduction we need to continue to evolve the IBC mechanism and governance of the public sector banks.
Question 13 what is the impact of demonetisation?
Answer-there has been no permanent impact it seems 2% GDP loss was predicted it didn't look permanent although there were some short-term implications but quantitatively it could not be considered as a permanent impact.
Question 14 what should India have done to be better?
Answer-of course vaccination could have been more widespread also there was insufficient information lockdown happened. It seems that more cash benefit transfers as well as transfers in kind were required. Nothing was done to provide urban employment.
Question 15 what issues are you discussing with the Indian government?
Answer-we have advised the fiscal policy to remain accommodated in the near future term and the other things we have mentioned in the article 4 Country report.
Question 16 what do you understand about the crypto currency issue who wins or loses?
Answer-the underlying technology has a promise but it is still misunderstood as a word problem is being solved through it money should ideally make more money but that can also happen in a bubble. Different kinds of crypto currencies exist there are some purely speculative crypto currencies and then there are some a stable once which are being used for the payment system. It needs to be regulated using it as a legal tender is not suitable because it doesn't have stability of value and can become a big risk to the monetary system of the country.
Question 17 what do you think crypto currency is a problem or an opportunity?
Answer-it is both as the underlying technology does have a promise however it is troublesome to be regulated
Question 18 why emerging or developing economies have more attraction towards Kryptos?
Answer-hello financial inclusion makes people attracted towards big gains. The gullible people do get attracted to words such kinds of chit funds and Ponzi schemes and similarly happens in case of Kryptos.
Question 19-do you think sovereign countries will ban crypto?
Answer-some of the countries have fully banned it and some other countries have done it partly but most will try to regulate it. In emerging economies new classes of assets to become a way to evade the capital controls and regulations.
Question 20 -what is the role of politicians in economic policies? Do principles of economics become subservient to the political demands?
Answer-we've always considered independence of central banks as important and there have been numerous episodes of populist ideologies toppling of the economy due to poor choices.
I am an independent person, if you want to support me please subscribe to my channel.
👌
That was the most Vella thing I have seen. Might has well just run Speechtexter LOL.
@@kushagrabhardwaj1 true
Kitna time hai tere pass
Amazing lady. I can watch her for hours. Succinct, fact based, clear headed.
that is why she deserves that seat of chief economist @ IMF.
indeed girls make us proud.
Would be great to have Prof.Ila also as part of shows/discussions on economics 🙂
I dont know or understand anything on economy she is saying but I am amazed with the fact that she is 50yrs old and looks like 30 years old with a spark of 20 year old girl in her eyes.
Mallu genes
@@TheRishijoesanu Agreed.
@@TheRishijoesanu Nope, she is a Kannadiga from Mysore
@@raghavgopal4363 Mate stop lying, I know her father TV Gopinath personally. He is my neighbor in Thrissur and a prominent agriculturalist in Kerala. Gita is a thoroughbred Malayali girl from a Nair family who speaks fluent Malayalam. She was economic advisor to Kerala CM before she went to IMF. I've met Gita personally a few times when she visited Thrissur for Christmas.
She was only born in Mysore, she's not a Kannadiga
I thought she would say something different, but most of the advice given by her was to the book. She talked so much yet I found nothing new from this conversation
India 2020- direct support measures should have been taken
India 2021- growth is back but some sectors are still hurting, potential of rising NPAs
Crypto- risky asset, more regulation needed
She is running IMF and you are running youtube
She can’t make controversial statements. She represents the IMF.
I agree. But she must measure her words
I think she represented an analytical response quite well. Basically answering what was asked of her, keeping in mind no politician , no country great or small has had an answer to solve this pandemic, this only shows how vulnerable we are and so dependent on God we need to be .
Timestamp for when their conversation on crypto starts?
We are not realizing how big Media House “The Print” is
And shekhar sir’s aura even bigger
@@yogeshagrawal9364 from where do you come up with these numbers ? Also states Southern states plus Maharashtra is twice the population of Uttarpradesh. Why would any media channel invest in creating content that alienates as many possible viewers ? Now an argument will be made that Hindi heartland has more population and hence they should cater to it. If you go by the voting patterns of those states and content patterns of this channel its not a match.
@@sharathmandyam6103 you can literally check these statistics on the internet. Wion gets the maximum viewership followed by ndtv, republic and times now.
@@abhinav7560 it's not the question of who gets more views. The data quoted is with respect to 5% of population for news channels. Where is accurate data for that when so much of viewership stats has been tampered with for ads ?
@@yogeshagrawal9364 just bcoz IIT produces less than 5% of India's engineers doesn't mean it is irrelevant. Look at the substance of the work they do, not the reach.
@@sharathmandyam6103 Cool down not all southern folks know English. People who have got education they know english but even common people doesn't speak English they use their native language more.
That's why i love Shekhar Sir he asks the Questions that needed to be Asked. Hats off you Sir
I thought I would understand nothing here on this talk, but I was able to some extent surprisingly. Thanks SG and Print team.
She does a wonderful job of abstracting technical details and providing a meaningful summary to each question presented making content like this accessible to everyone. Brilliant!!!
She is soon going to be Deputy Managing Director of the IMF
thanks shekhar for bringing Gita Gopinath , it was great feast to listen you both on indian economy , specially in this hard time of pandemic.
Dear Shekhar , I like you for your clarity of expression. You need to be politically neutral. We live in an uncertain world where crooks are having a feild day . If the intention , integrity and reasonable clarity of economic understanding of politicians are in place , some good will certainly happen. Thank you for being there . 👍🏻🙏
I admire Gita Gopinath but the relevance of IMF is diminishing day by day. IMF has screwed many poor countries with their ultra agressive policies which are directly controlled by USA. The hegemony of USA is going to be over soon and IMF will be a no voice ultimately.
Rather have USA then china, don't you think.
not in you lifetime....
USA gives the most amount of money to IMF. So it's inevitable. We can't complain.
@@WaveRider1989 Definitely.
@@sewaligoswami9609 The scenario is changing slowly.
She was intelligently diplomatic, yet unapologetically straight forward.
A very informative session, especially on Cryptocurrencies. Still, it's a mystery to me. Thank you, Mr.Gupta, for asking that question.
Thanks SG for inviting Ms Geeta Gopinath
It made a very interesting and educational viewing
I would like to thank Ms Geeta also for coming and sharing her views
Thank you sekar sir for bringing the very wonderful conversation economist gitaji.Kudos to the print &team.gitaji is very brilliant in her talks.
Kindly make an episode on Indian China decouple as both signed the agreement between ISRO & Vivo
There is nothing to make, you people still buy Chinese phones, so to keep you safe from hurricanes or tsunami when you are in middle of the ocean or top of a mountain then isro has to sign agreement with those companies to install isro's Stateline text messaging service that works without internet because you people are addicted to Chinese cheap phone.
Like to thank Sekhar sir for the wonderful piece of interview, makes a lot of sense and very smart woman with insights.
But.... on other hand found three times when Sekharji had tried to put his perception on Modiji's government action 1) he hinted at demonetization 2) Government handling of complete lockdown for wave 1 and 3) when he was very directly asking about 'strong man leadership' in all three times she comfortably skipped to respond the way he wanted. For first question she picked up only last two years and responded, for second it was generalized as ''any single country got it right'' and for the last question she again gave a more economists answer.
When there was a question from reader (not sure if its planted) she came out clean stating there wasn't long term effect.
I was presuming that we are meeting a global economist and it would have been more better to use the time to see what's going to come ahead. Questions like handling of finance and cash transfer during pandemic, crypto were good, but beyond that it could have been more of futuristic view on economy rather than going back to demonetization again and again.
Yes.indeed.
I think Smart Contracts are a valuable application of blockchain technology, on which crypto is based. It can actually help farm marketing. Eg: when you pay for food at local market, then smart contract can execute automatically, to make sure, a pre-agreed percentage of every payment, gets transferred to the farmer, the truck driver and the market owner. That way market linkage would become efficient.
Yes that could be revolutionary but you can't cout bitcoin as currency because you earn money without providing any value. So it become like asste.
@@nandi7772 Yes, Bitcoin should not be currency. But that is just one application of blockchain. Instead, a central bank digital currency, or crypto rupee, would be beneficial. Because it would be just a digital version of paper rupee, but you don't need a bank account for transaction.
It would be like digital cash, but more secure, counterfeit proof, and cheaper to introduce than paper cash, because no printing and transportation is required. But there would be cost in setting up blockchain infrastructure.
Agree
Really one of the best otc interviews
1. Shekhar sir always blamed demonetization for slower growth but she blamed NPAs
2. Effectiveness of insolvency institutions will be a challenge
3. Crypto currency is attracting more people from emerging economies than developed.
Thank you 🙏🏽 SG sir and The Print
Why does IMF like WHO hesitates to comment or even share a view on China?
Money speaks and China is the big buck guy with financial muscles, just look at who funds the IMF. Of course you wouldn't rant about the person who pays your salary.
Nice to hear Gita. Shekhar tried to put word into her mouth
wow brilliant interview, no wonder she's the IMF Chief Economist and now the IMF no 2. I could grasp and understand through her insightful knowledge on the current economic trajectories in the country and globally
One of the best informative discussion with Gita Gopinath 👍 learned so many things.. thanks the print 🙏
It is impressive to see that lot of Indians going abroad and flourishing. Not only the high profile people like GG. Even average people seem to be doing bounds better.
She was also a middle class person in India. After she studied abroad, she became high profile because of her brilliance. When we form one sixth population in the world, atleast few people in high posts should be Indians.
She has to be diplomatic, given the fact that IMF needs to maintain good relations with governments across the world, to keep a dialog going, espcially with the "strong-minded" leaders. Cannot afford to rub-off any country, just to look good in an interview.
Such a pleasure listening to Ms Geeta Gooinath and her mastery of her subject
Highly informative and interesting talk.
Do I get a feeling some leading Qs were put out? Uhmm…
Tailpiece: Crypto as of now is like Tghlak’s chamde ka Sikka.
Boomer
@@rohitsoni2001 💀
Good and Informative talk. Sekhar Guptaji persistently kept on trying to put his words in her mouth citing demonization as the reason for economic slow down which she completely disagreed. She mention Bank NPAs as the reason which he didn't want to hear
Excellent Opening remarks .
SG being absolute boomer while talking about cryptos 😂😂
Brilliant thank you to the print team for having Gita Gopinath
Excellent interview.
Would have loved to hear a lot more on the effects of demonetisation, lockdown and general health of India’s economy with more ground realities. Maybe she doesn’t want to be controversial to this government, but good attempt by SG throughout to get something out of her.
This is a sort of conversation should have millions of views.
Thanks for this informative interview 👍
Relevant n Informative discussion
The best ever...
The brain of Manmahon Singh... And heart of PM Modi...
Just give me instructions....
I will always will be available for you..
Drink water only from ganga
@@rhetoric5173 And your mom
Interesting, she isn't updated about some important reports and unable to support her opinion on demonetization. SG sir has asked very relevant questions and follow up questions to get the clarity. Thanks the team Print for such important interviews.
Good video sir.
The Charaka podcast op.
Thanks for your good analysis. Good day.m
Gopinath could be a candidate for india as minister of finance and graduate to head country’s foreign affairs and finally head india in its affairs both global and internal as she has the ability to see things clearly and will be able to navigate the uncertain world to reasonable certainty . 🙏
Thanks for this Sir.
If you have a little daughter or grand daughter tell her about Gita Gopnath. Make her the hero of life and grow up to be like her. I just feel like blessing Gita Gopinath and tell her how proud we are of her.
She is very experienced rich with job knowledge so opinions are based on research findings so people find it objective and not biased Added these qualities with her level of maturity and humility, she is capable of remaining on the top international positions in the financial sector Best wishes to her
Economics aside.
Please ask her how she's beating a natural phenomena called "Aging".
Exactly 😀
American cosmetics
a Better diplomat than an economist .......Mr Gupta tried well to get the answers which are common knowledge now. Good video.
Nice n informative....i wish...we cud see more interviews by shekhar.....
This was great👌
Indians have proved that they can lead Global organization's. Way to go Geeta👏
Chapeau! Madam ji, you make sense, you make us Indian's proud... Respect 🙏 🇮🇳
Thank you for the inspiring discussion
Nice watching this episode 😊
I absolutely respect Mrs. Gopinath but I found her opinions thought informative yet lacked ground reality and I don't know why but she was focused on developed and advanced economies but not about the 90% of other countries
I had the same thought. Why is she talking about 'some countries' disbursing money during pandemic if there were less than 10
Yup. Kinda happens when you are 24*7 surrounded with white people and white people problems.
She is so diplomatic, not calling out bad financial policies of India.
Very proud moment that indians dominating un bodies
What are the measures taken or advised by IMF to countries to prevent or tackle with concentration of money to certain sections or sectors of society which is the one of the major factors responsible for economic inequalities.
IMF can't dictate or take economic policies to sovereign, inequality is inevitable, equality is always Unnatural and always unsustainable
@@varunkhugshal9049 It can, if a country take it's packages.
@@abhirajarora7631 then it's no longer a complete sovereign
Wonderful pick 👍🏻
Always a pleasure listening to her.
she is 50 years old wow!
Wow,bless her with more milestone in upcoming future
What is the Relevance of showing advertising C Grade Company IIFL Finance
she's so diplomatic
In addition to what she said on slowing down, Gupta has to realize that 1991 or 2004 or 2013, India GDP was much less and when you see growth rate we are talking about from a higher GDP the growth % may be lower but in absolute terms it will be higher $1Billion GDP 10% Growth is 100 million, at GDP $2.8 billion at 6% is 168 million, much higher than 10%, As India grows its GDP, the % growth may be lower, the absolute no will be higher, do not get mislead by growth %.
For a developing economy at India's stage, the % itself has to be seen growing and reach levels of averaging 10% i.e. averaging again.
SG, a great anchor with GG a great experienced person
OK. Serious question here. How do you beat ageing?
Thanks!
Thank you Shahzheeb!
Overall, good interviewer, Ok interviewee.
Brilliant talk. 💗💗🙏🙏
Ageing..!!
Gita Gopinath : hold my beer.
Proud of u sister 🥰🙏🙏🙏🙏🙏
Dr. Gopinath should be a worthy role model for young girls and boys all over India :)
Very good interview and very I formative. I felt Dr. Gita was not allowed to finish her comments often and was interrupted with follow on questions which could be annoying :).
Some. Intern has written the title of the video. Whats "monitory"....pls correct this
Thank you, very informative talk
Just a note: Should be Intl. Monetary (instead of Monitory) Fund in the heading.
SG sir we want a CTC on ongoing DMIC and DFC ...and why these major infrastructures project are just left alone
Great and a very informative one!!!! No words to describe the editing...
Thanks
Hi Nagarjun, thank you for supporting our channel.
Shekhar , why do you guys stop " Headline ke picche " ?
She behaved more conservatively than politicians....always answered in an abstract way.
Or Economics is abstract!
This is the best you get
Amazing discussion 👍🏼
Thousand thumbs Up to @GITA JI…..👍🏻
Million thumbs down to traitor anti national @SGupta 👎🏻
She is a friend of Abhijit Banerjee. Belongs to the same group.
She circumvented the India’s decline questio pretty well. Perhaps can be a good politician 😅
Normally good bureaucrats are better in Giving diplomatic answers and have greater control over there emotions then politicians ..
She is the First Deputy Managing Director of IMF (incoming), a political post.
please correct the spelling to 'Monetary' in the heading
Thanks Shekhar ji
Like her, my mom is also from the Kannur district. She is in her early 70s. She hasn't aged a bit, looks like she is in her 40s. I am tending to belive that there must be something in the water in Kannur.
Proud to see woman from india running world economy structure
She said inflation is not a concern like a month ago.
Please correct the spelling of Monitory to Monetary in the Title of the video
Crypto is the future. I love the Print and you should do informed and unbiased reporting on crypto (unlike most MSM), like you do across other segments.
It's depends on the govt. If tomorrow every govt launch their own Crypto currency with better connectivity existing Crypto currencies will disappear.
Ponzi scheme
Spelling of monetary is wrong in thumbnail