Sanjeev Sanyal On Decoding Future Of India - UPSC Exam’s Future, Reality & Job Security | TRS 394
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- čas přidán 8. 06. 2024
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In today’s episode, we welcome Sanjeev Sanyal once again on The Ranveer Show. He is an Indian economist, popular historian member of the Economic Advisory Council to the Prime Minister of India, and helped prepare six editions of the Economic Survey of India starting in 2017. Sanyal has written several books on Indian history with mixed reviews.
Today Sanjeev sir talked about the Indian Economy, the future vision of India, geopolitical competition, the basics of economics that everyone needs to know, the future of job opportunities in India, whether Gen Zs should focus on the service sector, the opportunities in manufacturing, and much more. We further discussed PM Modi’s work, the effect of electoral politics on his job, and how war situations affect the economy of the country.
Today’s episode was a casual yet insightful conversation with Sanjeev Sanyal sir. If you liked our previous episode with Sanjeev sir, this will be another episode about Economics, India & more. I hope you enjoy this conversation and do share your opinions in the comments!
(0:00) - Start of the podcast
(3:00) - Sanjeev Sanyal x Ranveer Allahbadia begins
(3:33) - Message to Indians
(5:15) - Ayodhya temples
(6:50) - His views on anti-modi narrative in their work
(8:36) - Per Capita Income
(10:00) - Geopolitical competition
(17:35) - How does a country become rich
(26:20) - Professional governmental input to Gen Zs
(31:45) - His view on Government Jobs
(34:25) - Present role of Bureaucracy
(46:25) - Bureaucracy in America
(49:15) - Life of politicians
(51:45) - Electoral economics
(53:05) - Manufacturing
(1:03:25) - PM Modi’s subject of interest
(1:06:43) - How do wars affect an economy?
(1:11:05) - Dealing with war-like situations
(1:16:53) - Thank you for watching
(1:17:32) - End of the podcast
#sanjeevsanyal #election
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Election season mein kis rate mein bike ho Sir? 😂😂😂😂
@@amitarora7466 aap soch nai payoge itne me. Aap kharid ne layak bano. Fir aap ki marzi.
You should make a complete ONLY HISTORY podcast with him 😊
@@amitarora7466 Koi bhi apna point nhi rakh skta kya? Aise toh Ravish Kumar bhi election season me dharadhar video bana raha hai, usse bhi pucho kis rate me bike hai wo? And TRS toh phir bhi national media nhi hai na… unki marzi wo jo bhi guest invite kre 😒😒
"Reviving India as a civilization". That is a great description on what Modi wants to do. I must say Sanjeev captured my attention with this phrase.
Manipur is a perfect example of civilized state ! 🤣😂🤣😂
@@amitarora7466
U know at this point people like u who spam like this literally looks stupid.
I can guarantee if I ask u what's the actual matter there or wo kab se chal raha hai to tujhe khuch nahi pata hoga,
But just coz u have got a point to defame this gov to bas spam karna hai.
@@amitarora7466
U know at this point people like u who spam like this literally looks stup!d.
I can guarantee if I ask u what's the actual matter there or wo kab se chal raha hai to tujhe khuch nahi pata hoga,
But just coz u have got a point to defame this gov to bas spam karna hai.
@@amitarora7466
U look smart and genuinely concerned.
Can u plz tell the actual coz of whatever going there and from how many yrs?
And plzzz also tell the steps taken by the current gov and what mistakes they did plus also suggest us the way this situation can be handled and how we can solve the problem between the communities.
Surah 9 ayat 5,23,28,29
Surah Tawbah 9:111, 9:120, 9:123 dekho sooye hue Hindus. Nhi to zindagi bhar bhugtoge.
👇 who wants annamalai on the show
Me
Me
Me
Me
Me
You know who this man is ? He is the grand nephew of Sachindranath Sanyal, a revolutionary who also spent some of his years in Kala Pani due to conviction in Benaras conspiracy case. Sachindranath Sanyal was the founder of HRA, which later was named HRSA by Bhagat Singh.
Wow, thanks for sharing, this point. I am just going through amritmahotsav site from G20 talking about SS. He went to jail few times and last time during WWII jailed again when he contracted TB from fellow inmate and passed away shortly. I enjoyed hearing this chat with Sanjeev by Ranveer talking about future plans.
So what? I am the 13th in line from Rana Pratap, 17th in line from Rana Sanga, 19th in line from Rana Kumbha and some 70th in line from Bappa Rawal. I am not defined by my ancestry. I am defined by what I do.
@@bonran and what exactly have you managed with that ancestry, he's managed to reform the indian banking system all while writing multiple books. I fail to see what your point is? the guy was simply mentioning who this man's ancestors are since its a cool factoid about him.
This is my first time ever commenting on any of your podcast.
Mr Sanyal just gave me such a confidence boost. I am a crochet artist recently started my small business before this I was working for a MNC after quitting my job and travelling full time for 3 months i really didn’t feel like going back to being a corporate slave. I decided to start my own business. It’s been 2 years and I am still figuring it out. But quite happy with my decision.
when he mentioned this is the time to be whatever you want. Was such a confidence boost to keep going. Just needed to hear this I guess. ❤
All the best in your new venture 🙏
This is definitely the time!! Wishing you success for your future endeavours ❤
What does a crochet artist do, who do you market your product to
How do you market your product? Is it self sustainable?
@@lsp9075 look up crochet it will give you a better understanding . It’s a handicraft product. Cannot be made by machines.
Instagram ads and pop ups
Bro waiting for Annamalai podcast
Yes same thoughts
Bro I agree with your thoughts I think entire youth is very excited to see annamalai on podcast
Annamalai ❤
Annamalai the future PM
I think he came on ANI podcast
Hello ranveer, have been following you since years, please invite Mr. Annamlai we would love to see him on TRS
Hi Sir
I and my mom watch all ur podcasts. I am 12 years old. We love watching ur podcasts sir. My mom loves ur spiritual podcasts and I love all ur sports ka podcasts. We always wait for ur podcasts to come. Lots of Love sir❤
Edited - Thank you for 200 likes❤😊
So sweet. Thank you
Sending you both lot's of love ❤❤
It's great that you watch such podcasts at your age. Kudos! 😊
@@vishakhabh.6341 Thank you so much😊.
It's great to watching podcast at such a young age. Keep going on❤
great man , at this age u watching podcasts , im 19 btw
Whenever I see Sanjeev Sanyal's name, I just click on it
Me too. Absolutely love Sanjeev!
Me too...only one I watch fully without pausing
I'm obsessed with his brain.
Come On!!!!!!! You have to do a history based podcast with him!!! Sanjeev Sir is a master of that subject too!!
A big YESSSSSS for that!
Keep the length of episode for atleast 2 hours with sanjeev sanyal sir .... because he is just epic...
Modi 3.0 first few reforms will be bureaucracy and Judiciary..
I am hoping for electoral as well. Especially one country one election
And ucc
Judiciary 😂😂 CJI will f*ck Modi
@@protyaychakraborty4108 ucc will come in third term 🙂❤
Doing what the media isn't🤝🏼
🙏🏻
Because media is paid handsomely to portrait modi as god
@@BeerBiceps you are the best podcast in India keep your work up!
@@BeerBiceps gained so much from your content, invaluable, but please brother just coz u did engineering in college don’t call yourself an engineer, u do social media and are the best at it, and please stop asking men like him to explain gdp per capita it to a 10yr old and 45, it’s rude, and stop masking your own questions and blame it on a “stupid audience” we have all gotten way smarter than u think, thanks to your own content. no hate, everyone has room to grow 🙏🏼
Gotcha is irritating 😂
Wow man got 2 Sanjeev Sanyal podcast in 30mins!!!
2 ? How ???
Ek aur channel pe aya hai
Neon show karke
@@tuhin2839election time. Paisa do podcast lo! Buy 1 get 1 free! 😂😂😂😂
Sanjeev is one of my favourite person to listen to. We can categorize him almost like a polymath.😊
Would love an episode on the Jyothirlingas
Noted
@@BeerBiceps please make on that ranveer, leave politics behind! , would love that! ❤ something about our INDIA, rather than dirty politics you fell biased for..
Yes please and if possible do separate podcast on 12 jyotirlingas and all major spiritual temples and places of our country
Rather try an episode of electoral bond 😅
Yes waiting
5:00 Masjid is a congregation place to offer prayer. Hence in Middle East, Masjids are frequently relocated to accommodate various developmental activities.
In case of Ayodhya also, many Muslim organisation agreed to relocate since the place is sacred to Hindus.
But some were adamant, like itne saalo se hum raaste pe prayer karte the to hum abhi bhi wahi parenge.
Mr. Sanyal seems to be a man of many talents and has high scholarship- try to have him as a speaker on a routine basis and include a 15 min question and answer session - by announcing topics ahead of time and collecting questions before hand. I am a senior citizen from US but watch most of your podcasts, especially the political and current affairs ones without fail. He can also introduce many other nuts and bolts behind this very efficient government machinery that we are lucky to witness in our lifetime and keep the podcast limited to 45 mins max! Younger generation can definitely make use of expert opinions on economics, policy, market, geopolitics and so on. You are doing a good job engaging them!
34:51 He's actually disputing that definition of 'steel frame of India' that is normally held among many people.
Bro living in Australia I really connect to India through your podcasts , best time while I drive to work … ❤️❤️❤️
Sanyal Sir you are like a big brother who can simplify things
“Got to re-orient the bureaucracy from control bureaucracy to service oriented bureaucracy” a thought that should be implemented in all levels of bureaucracy, Right from the muncipal corporation to the highest official.
TRS is honestly my favorite class in school of life. I genuinely learn a lot feom the guests Ranveer brings on here. Sincerely thank you for expanding our range of knowledge... Kudos
Raghuram Rajan is the kind of guy who would want the economy to collapse just to prove himself right. So, take his words with a bucket of salt.
No bro u are wrong
He wants to say that just improve the administration education and workforce
@@adityadas9639 Sure, you are welcome to your opinion
He is bad news!!!
How so? I'm genuinely curious (I listened to his podcast btw)
@@aarchisha625 This is not pertaining to this podcast per se. It is his gloomy predictions for the economy and the failures of such predictions (fortunately for India) that prompted such a comment. Furthermore, he is known to have prescribed a focus on the service sector exclusively for India, which as we know will not suffice to cater to such a large market and growing market like India. Our focus should be shared by the manufacturing sector as well, much more so than before, particularly since it grows the service sector as well. When a person as educated and accomplished as him prescribes such poisonous policies, one has to assume that he is doing it out of maliciousness rather than ignorance. He is known to have parted ways with the current govt in hostile terms and decided to strike back, regardless of whether it hurts India. Therefore, I would take his claims and prescriptions with a pinch of salt.
BKL he is a historian too.He has written better books on history of Indian Civilization than mainstream historians."Land of the seven rivers" and "Ocean of churn" is a gem if you want to read about history of Indian Civilization.His book Revolutionaries is being transformed into an Amazon prime webseries.3episodes with one of the best historians in india and what you discuss in all three podcasts is same repeated questions on Economy.
Really , does questions are repeated ? As I was deciding to watch the left 2
exactly.. 😂😂😂
You know he was banker right?
Kya matlab Indian civilization ka Jaan k job to outsourced jobs aur Christian country me hi karna hai
Ranveer’s podcasting style is different than others. Ranveer literally represents the vast majority of the viewers who are trying to understand stuff and not argue. He tries to understand and learn from the guests. So there is no need for tough questions. I have seen so many critics saying Ranveer asks only softball questions. But guess what, that’s his purpose. He is not here to argue. He is here to understand and learn. Just like the viewers. He isn’t obligated to push back because he isn’t an intellectual or journalist. If you want to see push back and argumentative podcasts, there are others. Go watch them. Everyone has their own style and this is Ranveer’s style and the audience loves it.
The Joe Rogan model
childish style
@@ShailendraSINGH-jk2ev y r u here then. Leave...
With a few exceptions where he has acted so stupid, I think he just doing fone for himself. He is making waves and for good reason too.
Sanjeev Sanyal's explanation minutes 20 to 24 may not convince many. Our economy is growing because of internal job creation which leads to increased internal consumption. Previously our economy was dependent on few sectors to generate wealth, now many new sectors are available for public to participate in which leads to increased wealth generation. Commercial micro, small, medium, and large scale farming such as regular, organic, hydroponic are great examples and with the help of aggregators such as Zepto, Swiggy Instamart, BlinkIt, BigBasket are able to take to end customers in a time bound manner. UPI is another great example which has brought cash economy (which is comparatively difficult to tabulate) to a digital transaction economy which makes calculating much easier. As he rightly said, we are a population of 1.4 Billion plus, the internal market will be our driving force with new avenues of economic creation. 🙏🏼
One of the few guests whom I enjoy watching podcasts. Sanjeev Sanyal Sir. Thank you for sharing these information out to public. Always pleasure.
Bring more of these kind, Beer Biceps. Thank you. 🙏🏼
Ranveer is very honest and genuine with his questions, down to earth❤
ram ram bhai love from telangana🙏
Bring Prof. Kusumlata kedia ji. She will tell you the real history of Europe.
Thank you for the episode ❤
Sure, noted
Indeed a fantastically talented person Mr. Sanyal is. I hope he stays with Govt. 🙏👍
Please keep on bringing these kind of podcast, it just feeds my brain the info it needs
Sanyal is such a patient man that he explains the basic economics with the same kind of interest as he would explain about intricate international economic dynamics to professionals,this government is so dynamic and pragmatic that it could attract such patriots to work for it
A word about Ranveer,he doesn't flinch or feel bad asking the bare basic questions for the benefit of the listeners
Yes man Ranveer doesn't feel bad asking basic questions. I mean I was having second hand embarrassment few times lol.
Sanjeev Sanyal Sir, thank you for the Varanasi example, able to get deeper understanding of macro economics now !!!
aurbindo.....tagore
Ranveer bhaiya.... thanks for these efforts and dedication...you are always an inspiration to me ❤... thanks
My pleasure bro ❤
KEEP IT LONG AS LONG AS YOU CAN IT`S ALWAYS A PLEASURE TO HEAR SANJIV SIR!!
Bureaucracy really needs to be reformed. THE MOST CRUCIAL ASPECT of our DEVELOPMENT that HAS STILL NOT HAPPENED. If you are a middle class or above, you might have been irritated by the society in your routine life and must have blamed the government, that they need to change or they are not doing anything. Well it is not the government that is to blame, it is also mainly the bureaucracy. Those public servant (not IAS, IPS, etc) like the person sitting at the counter not taking his job seriously, being highly demotivated and assuming he has the power to do anything. Such people need to change. The system needs to be reformed for a change in the mindset for people in the system.
Modi is not interested in ANY useful reforms..no electorla or judicial reforms, nothing..only interested bin mandhirs and hindu-muslim issues
@counterpoint9260 You'll eat your words after this election. A rapid change is coming. Modi already announced it. See if you can keep up with it.
'rapid change' is digging another 100 mosques to see if there are any temples beneath it@@FreeYourImagination
We want a joint Podcast with Sanjeev Sanyal & Raghuram Rajan.
Why??
Raghu Ram is a CIA asset ...... He will never agree to this debate
Great idea.
Love it love it love it.. these episodes are like dopamine for me. I feel intellectually satisfied listening to people like Sanjeev Sanyal 🙌🏽
Due to guys like you Sir ,
We young age people have developed more interest in geopolitics, social agendas round the world in a short span of time.
Kudos to ur efforts! ❤
When you started having politicians on, I thought that you were easy going. I never commented then, but I have to now. I appreciate how you have taken in feedback and improved. Keep going Ranveer!!!
Very, very interesting & informative. Thanks to both you and Mr. S Sanyal.
Hi i am from tamilnadu and i watching your podcast longtime.
Sanjeev Sanyal outstanding talk as always.
100% up for loooong conversations ! Been rooting for them too. Lex Fridman did a 6 hour long podcast which I consumed in 2 sittings, and it still left like 90 minutes ! Go for it bro, cant wait
Rannveer ur doing a great job keep it up....would like to see many spritual leadera on podcast often
Ranveer Anna, i started to watch your videos druing covid and it helped me learn more about Bharatam and gave me something to do after online school. Your guests and your insights are delightful. Love from NRI in singapore. Going to see Jaishankar speak tomorrow 🙏🏽🙏🏽🙏🏽🇮🇳🇮🇳🇮🇳
This has been one of the most extracting info podcast from a govt personality
Oh man, your podcast are just eye opening for many in very vast terms and gives people a different perspective to understand and look towards their lives and inspiration to work towards different aspects . 🙌🙌appreciate if man. ❤
Thank you for the wonderful interview at these important times in India history!
topics to discuss :
1. the development imbalance between western and eastern part of India
2. How to solve backwardness of Bihar, as it is landlocked state
3. how to make a land prosperous when it is not connected to any ocean
4. the trade imbalance with China
5. the problem of raw material required in manufacturing
Thank you for this awesome conversation...... Keep doing great work!!.... 🙂🙂🙂🙂
I fully agree with Sanyal, youngsters should refrain from UPSC if they think they have the ability to lead, take risk and fail or succeed. This country needs less babu's and more Musk's. On the length, I did not even know how long this conversation was, time well spent. Thank you, and great podcast, Ranveer.
Brilliant, clear thinking, clear and well-justified and visionary objectives.
It would be really helpful if you and your team provide podcasts on the fields of mathematics and various other career aspects as most of our people in our country are unaware of most of the career options,and most of them are rat-racing in specific occupations like medical and engineering, and likewise in many states, the general courses are getting reduced and many new careers and opportunities are still unknown, and for those competitive streams, day by day, more and more filthy competition is developing, therefore i hope if you do those podcasts it can provide some more useful knowledge, and it may bring scopes and change as more as possible...
Agree
+1
MUSIC THERAPY......COUNSELING
We are not going to be Sone Ka Chidiya we will be Sone Ka Sher
I have surprised, the ongoing issue of Ladhakh is not heard and no one talks about it.
lets keep on asking until someone notices
everyone is noticing but keeping quiet@@josephmathew333
Ladakh was pulled out from a mess which weakened it over the years under congress era.. it was NDA's term when they were declared as an Union Territory...FYI currently they are protesting for Ladakh's inclusion in the 6th scheduled tribal areas because they know only this govt can get them that not the spineless opposition...
Lol 10k more solider deployed in Ladakh last month. Action talk louder.
@@adityakishan1, if you say they have all they need, why can't government openly say it out rather than being silent and not responding to anything. their claims are not valid.
Sir Sanjeev Sanyal is a Gem to our Bharat 🇮🇳❤️💐.....its always a bliss to hear him
Always a treat listening to Mr Sanyal! Loved it
Man this guy beerbiceps has really matured. I know when this guy used to be straight up boring because he was just playing around but now I see good topic in your YT maybe in few years I may subscribe you some day 🎉😂
Can you please bring himesh Reshammiya over podcast?
Lol😂
Best comment ever😂
Eye opener podcast.Thats why this is the No.1podcast of INDIA.keep shining 🎉
Thank you for your perspectives keep going we need more.
Please bring more such expert thoughts ❤ its a different vibe to listen them
Do a podcast with sonam wangchuk lots of love ranveer bhaiya
My fav part was where he used abusive language for ramji and sitaji on live tv, just saw that clip yesterday.
Amazing, insightful and intense.
This conversation is a gold mine, learned more things here than 2 years of studying economics.
Please invite Dr Ankit Shah for a podcast.🧐🙏🙏👍
(0:00) - Start of the podcast
(3:00) - Sanjeev Sanyal x Ranveer Allahbadia begins
(3:33) - Message to Indians
(5:15) - Ayodhya temples
(6:50) - His views on anti-modi narrative in their work
(8:36) - Per Capita Income
(10:00) - Geopolitical competition
(17:35) - How does a country become rich
(26:20) - Professional governmental input to Gen Zs
(31:45) - His view on Government Jobs
(34:25) - Present role of Bureaucracy
(46:25) - Bureaucracy in America
(49:15) - Life of politicians
(51:45) - Electoral economics
(53:05) - Manufacturing
(1:03:25) - PM Modi’s subject of interest
(1:06:43) - How do wars affect an economy?
(1:11:05) - Dealing with war-like situations
(1:16:53) - Thank you for watching
(1:17:32) - End of the podcast
Thankyou for this thought provoking episode !! Dr Sanjiv’s ideas and advices are path braking and transformative !! It is not that easy to understand and absorb his ideas for everyone
It is the talent like dr Sanjiv Sanyal who are bringing the change in India not this babus who are only interested in power prestige in society. This mindset is a British one !! People celebrate their success in upsc as they have Won gold medal for country but after some time they disappear! Being upsc topper is their dream that’s all there is hardly few Offr who serve this country. Other than development reform we require lot of change in mindset / socioeconomic mindset change in the country!
Congratulations to you as you are also doing good job by bringing Talents like dr Sanyal !! It is treat to listen to him !!
Is there any way where in u can bring a good civil for whom u can ask critical questions related to our country!!
Good topics. We really wanted discussion on governance and development
Ranveer, big up man great work as always. One crazzzzy podcast idea: bring on Mr. Vijay Kedia, I think it would be very interesting
Edit: We also need a Sanyal V Raghuram Rajan debate!!!
I truly respect this man
Sanyal sir is right about the length. This should be the ideal length of detailed podcasts like this. But I believe such podcasts should come in a series with atleast two podcasts
A good question to ask such guests would be to suggest works or articles from their critics... or some of their critics whom they respect. Satyamev Jayate 🇮🇳 ✨️ best wishes to team TRS
Waa waa, Sanjeev dada 🙏🏻❤️
Every podcast of yours screems why you got that award❤️❤️❤️.. You truly deserve it Ranveer👍. I'm a big fan of you👍
I like phrase the change suggested by Dr. Sanyal that Beurocracy has/has to change from control to service
Quite an insightful conversation with Sanjeev Sanyal sir . First of all thank you for doing such podcasts which help people to understand so many different things at the same time. I generally like long conversations and a 2hr+ conversation with such a legend would be a delight to watch . I would like you to deep dive with people who are there in sports , not just limited to cricket tryna spread awareness about other sports too so that people have a more broader worldview about the options that they can avail and definitely agree sirs idea of having more elon musks than a secretary.
Love your political podcast ❤
Ranveer bhai, please bring Hamza Ahmed, he is a self improvement CZcamsr.
Loving the podcast so far.
😂😂
Loved the conversation Thank you sanjiv sir❤❤❤❤❤
Answering your question at the end: I enjoy your longer videos with indepth discussions.
I am a huge fan of TRS. Many people feel it makes no sense for NRIs who have long since left India to have a strong curiosity about India. I disagree -- and shows like TRS help us keep up to date. By the way I am also a huge fan of Sanjeev Sanyal, Jaishankar, PM Modi and many leading Indians. Great to see India moving forward.
Bro please ask some good questions and don't assume that your audience is so naive that they don't even understand basic and simple questions. Please don't take it negatively, I love your podcast, I am telling you from an objective point of you.
Much needed conversation . Bring more from the Government.Thank you.
The discussion was so engaging that I felt it just started and ended. I think it depends on the speaker, how much engaging he is
need to bring annamalai on the show much awaited guest
1:18:17
I think the length of podcast should depend on the of guest..
I mean if he is of the category of Rajshree Nandy or Sanjeev Sanyal (i.e they have so much of knowledge, experiences and anecdotes)2-3hours feels like very short time otherwise with some actors or other people conversation of around an hour or more is quite ok 1:18:17
Absolutely , They should get only 30 minutes according to me
Very instructive and insightful ..VMT..
Respect Sanyal sir I like ur economic speech for Indain janta
Vietnam's population and GDP is a twelfth of India's, it is nonsensical to say that India received better FDI than Vietnam. Vietnam has managed to garner a large share of China+1 diversification. We NEED to obsess, as much as we wish Vietnam and Bangladesh well. Our people need employment too and the gov seems rather comfortable of losing this once in a decade opportunity.
😂😂😂 yes, everything should come to India from china and not the stable communist neighborhood , bcs only we live in this la la land...
🤦♀️
Do you know the reason why?
India will never be able to do it. If you know the reason why.
@@hj2711Why
Ranveer sir please bring *Yogita bhanaya* on TRS❣️🙂
Thankyou for this podcast…Please make one podcast on past life connection with current life ,is this really true?and more about this…?
One more request can you please add Om Chanting Meditation in your level supermind app,in your voice…please….🐥
Thankyou
Love from Canada, am catching up on your podcasts. Am trying to influence my ex-teenage daughter to watch your podcasts, my wife and me are competing to watch your podcasts now. Recently watched your Hindi Podcast with Ashish Vidyarthi it was too good. Great work, thanks to you have got see a wonderful side of Sanjeev Da.
Another fantastic episode I truly loved it and it cleared some of the doubts which I had related to economic policy, please make one exclusively focused on the jobs and it's affect on the middle class society.
political economy .....NOT INSIPID ECONOMICS
1:18:48
Here's an interesting question i think many would love to indulge in:
Q. What if the the Indian Rupee (₹) (hypothetically) appreciate (rises) into the single digits, against the USD($).
I have personally tried alot to find the answer to this, but there is interestingly very little research into this, that I could find.
Some are hypothesising this as a prospective future for india, and Sanjeev ji has talked about it being harmful for our exports on twitter, in response to those.
But what you could do, is explore it more.
This is huge thing either way, good or bad, or both and nuanced.
I say this, because, while the exports will shift to more luxury stuff, our imports (which includes oil) would become cheap by a factor of 5-10 which HUGE, therefore possibly making things mad cheap, and thereby (possibly) boosting the purchasing power of any ₹ holder to by several times.
This could be an interesting question i think, and being a economicst and historian, i think he could give alot of interesting views on this.
He already replied to that in a Xwitter thread. He said that it will be a huge structural risk for our tax base and exports.
@@rutvikrs exactly what i said, he covered it in that thread, i know since he was replying to me, so i was a part of that thread you are talking about. (Btw this comment is also me only)
But the thing is a reply on twitter can only cover so much, and i think he talks on the fact that we will infact get cheaper imports and stuff like that, we could get a more detailed, nuanced, and possibly a mind-blowing discussion out of it.
I mean, at least it could make for a good click-able title/thumbnail for ranveer, at the very least, even if the answer isn't too positive for India either.
I mean just imagine
"Asking modi's economist what will happen if INR becomes equal to 💵"
❤.
Although I'm not a researcher or expert, here's my perspective: The power of a currency is typically tied to its reserves. Take the US dollar, for instance. Its strength stems from strategic geopolitical decisions made decades ago, making it a preferred medium for international trade. Consider the requirement for Saudi Arabia to sell oil in dollars to leverage US protection against other Middle Eastern countries. This creates a scenario where nations need to hold reserves of the dollar to engage in global commerce.
Currently, the value of the US dollar remains high because the US has been conservative in printing additional currency compared to other nations like India, which have pursued more aggressive monetary policies to stimulate economic activity and distribute wealth among their populace. However, this approach can lead to inflationary pressures over time, diminishing the purchasing power of money.
In essence, the value of money tends to decline gradually due to inflation, even though individuals often focus on growing their wealth. Understanding this dynamic is crucial because it implies an inverse relationship between investment strategies and the real value of money. Those who fail to grasp this concept may encounter financial difficulties in the long run.
Just my take
@@sahiljaisingh905 sorry but how is this connected to appreciation of inr?
All our exports would be so expensive other countries will source it from elsewhere and everything we export is available from other sources, accommodating for the time to switch. But on the other hand, while imports would be theoretically cheaper, we still have to import. Where would we find the dollars for that.
If INR is forced to appreciate to the levels mentioned, market economics will bring it back to sustainable levels.
My second favorite speaker on the TRS just next to Rajshri Nandi ji.
Immeasurably Valueable and interesting subject drives away time. would surely want more experiences to be shared from him.. like G20 typing 😅 keep podcasting ..