Modi Govt Vs Raghuram Rajan, 1991 Finance Team, & India’s Brain Drain Challenge I A.K. Bhattacharya
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- čas přidán 17. 06. 2024
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Independent India has witnessed 28 Finance Ministers so far, out of which 8 came after the historic 1991 Economic reforms that strengthened the fabric of new-age India!
But which one of these finance ministers left their mark on India the most?
This week is in conversation with A.K. Bhattacharya, the Editorial Director of the Business Standard, about India’s economic reforms of the 90s through a close-up view of the many disruptions that took place in that decade!
Watch this fascinatingly insightful conversation about the role that the finance ministry plays in India's economic growth and how they have shaped up the lives of crores of people in India… Tune in NOW!
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Siddhartha Ahluwalia, Founder, Neon Fund & Host, The Neon Show
Twitter: / siddharthaa7
LinkedIn: / siddharthaahluwalia
Instagram: / siddhartha_a
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CHAPTERS
00:00 - Precap
01:04 - Introducing A.K. Bhattacharya To The Neon Show!
02:02 - The Role Of The Finance Ministry In India
04:48 - Most Iconic Finance Minister Of India?
10:05 - Stock Market Scam Of 1992 EXPLAINED
16:48 - Why Demonetization In India Happened in 1978!
24:29 - Balance Of Payments Crisis in The 80s!
27:12 - Sanjay Gandhi’s Role In Indian Political History
30:59 - Was The 1991 Finance Team The Best?
33:24 - Why Couldn’t India Match Singapore/China’s trajectory?
40:05 - The History Of Taxation In India
42:51 - How Can Government Incentivize Billionaires To Stay?
45:17 - The Role Of The RBI
52:21 - Sanjay Gandhi’s Role In Maruti’s Inception!
1:00:03 - P. Chidambaram & Pranab Mukherjee As Finance Ministers
1:04:01 - Issues Of Duopoly In The Telecom Industry
1:10:15 - How Aspirations Have Changed India’s Rate Of Growth
1:12:25 - Concluding Remarks
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Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journey from our startups but lacked the experience of building 1-10 journeys.
Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes.
We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings.
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Water crisis, ground water depletion, traffic jams, air pollution? Who is responsible? Any plans.
So pv narsimha rao had nothing to do with indian economic boom in 1990s
MMS was a finance wizard but a very poor and a porus monitor to facilitate and compromised on mega scams😂
Too bad the wizard didn't bring in gst or a uniform tax across the nation. Wizard sure!!!
Amazing amazing Discussion
Thanks for sharing, Nansi. Be sure to also share it within your circle. :)
Best combination The great Narasihmarao (an economist in his own right) and MMS. It has to be a combination…. In a democracy it is always the combination…giving a freehand to a minister (dangerous) or controlling him/her (most dangerous) or working as team, which produces the best result. Let us get the narrative straight.
Wonderful conversation
Jai Hind. Vande Mataram. Om Shanti , Shanti, Shanti.
PV Narshima Rao Manmohan Singh are legends
What PV Narasimha Rao asked Manmohan Singh to do was exactly what IMF had demanded as a condition for bailout. There was nothing innovative on Manmohan Singh's part. As Prime Minister, he inherited a booming economy from Vajpayee which continued for some time in his first term because of good work done by Vajpayee. By the end of his second term the growth had dropped to 5% and inflation had risen to 10%. Even this happened with huge debt to be paid for by Modi Govt. The banking system was in deep distress. Even oil that was imported from Iran on credit because of sanctions had to paid for by Modi Govt. There were mega scams under his watch. He was a disaster as PM.
Finally someone understood this, else rest of pepole just keep defending Manmohan Ji, no doubt he was honest and capable but UPA alliance made him "majbur". Same thing will happen to BJP if they won't get full majority, because you need to keep your partners with you at any cost.
At the end of the day no one likes to stand down from prime minister chair.
Knowing and execution are two different things. He is an expert in his field, so he executed it very well.
In 2004 , India was at 11th rank in largest economy. At the end of 2014 , India was still 11th position. So what is the meaning of Manmohan sigh was the best economist. Don't just interview any clown for more view
During that time MMS was PM not FM 😄
Don't ask me why this great FM / economist keeps mum when his political boss is rubbishing GST and threatening to undo it.
True, the posture and especially the moustaches of this oldie make him look a pucca clown darbari😅
@@chaitanyavoolapalli1731 many times mms took additional charge of fm 😂
As per the hindu india became 3rd largest economy 😂
There was an economic recession in 2008 but it didn't even affect us under upa job growth rate was highest so was gdp growth
During upa there were many prime ministers .faya inidhi maran,A.raja ,lallu prasad yadav .
👍
Thanks, Jai. Please let us know who you would love to see next on the Neon Show. :)
These Babu’s and congress has this craze for london is mind blowing
When he explained that sanjay gandhi went to london to learn about automotive industry is crazy either its japan or Germany which is the world leader in automotive industry but these guys went to london where nothing is produced other than this fancy rollce royce or aston martin which is run by german industries now but for naam thae vaste these guys tell he went to london to study ( its just bhakvas)
London was and is a marketplace never renowned for anything special other than this fancy loot history
Flaw of democracy causes start and stop in economic development in Bharat, unlike like Singapore or China. That's why we need for the BJP government to remain in power for at least 10 years.
I don't understand what this Channel is trying to do for the viewers........all the talks till now are simply falling dud. 😒
Mohak mangal , nitish rajputs and even druv rathe >>>>>
Never trust Harsh
Narrative is pushed that Manmohan Singh was the one who saved this country .People forget it was Manmohan Singh through his various capacity was the one among others who put Indian economy in the situation were it was in 1991.
MMS was the greatest Finance Minister who saved India and subsequently became the greatest PM of India.
He enabled corruption. Hence.
Not greatest it's great
Whats so special about MMS ‘s contribution ? He was educated in finance and WB gave directives in tasks which he dud being a good dopamine employee !!
Powerful woman of India,,our Finance Minister,,Smt.NIRMALA SITHARAMAN 🔥🔥
Knowing exactly manmohan singh has actually destroyed indian economy this guys has still praises for him
What’s this new attempt to elevate MMS? He’s done and dusted. His sweet smile to A Raja was a tell it all. Silently watching the country burn and get destroyed should be sending MMS to the confinements of history with no parole 😡😡😡
Manmohan Singh is not such a great economist to receive so much of praise and acknowledgements. He was just carrying what PV Narasimha wanted. If he was such a great economist, India would not have been on its knee as "FRAGILE 5" after 10 years of his remote controlled government. All he achieved was a long list of corruptions and also brought the banks to bankruptcy. He was neither good in governance or developments. It was during his government, China was rising at a tremendous speed and he was not able to bring in investments. One of his biggest failure was the CWG, it portrayed India internationally its incompetency in organizing major events when smaller countries had demonstrated better organization. In conclusion both MMS and Raghuram Rajan were worthless in their field.
Such a terrible speaker. Full of "aahhh"s and "uuuhhh"s. Nothing new or of any significance except some political gossip around finance ministers. And this advocacy for Manmohan Singh is appalling.
Whos this clown ? Tax collection and bank account for the masses....!?