Why Sanjeev Sanyal Thinks Raghuram Rajan Is Wrong About ‘Made in India’
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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!
#sanjeevsanyal #election
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TRS Clips is a collection of SHORT CLIPS from The Ranveer Show podcast. Enjoy our latest knowledge-fueled videos from the BeerBiceps team. Every conversation on #TheRanveerShow is intellectual, deep & progressive. We cover everyone from entrepreneurs to Bollywood film stars to even athletes.
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Good that he addressed a clown as a clown.
AND ONE CLOWN INTERVIEWING THE OTHER BIG CLOWN
@@shakunvashisht342 who Rahul Gandhi and Ravish Kumar??
@@sndy2436no I believe he’s talking about Rahul Gandhi and Sam pitroda
Till when Raghuram was in RBI, India wasn't growing it's current potential
Banks were mismanaged and there was lack of liquidity and loans was given just like that to non performing assets for example kingfisher airlines was a non performing asset and didn't make a single profit in history and bank managers and the officials didn't research about his company's financial statements and loans were given just like that
what Raghuram said was Gov should not put their money to bring foreign companies to set up there companies here.
If some foreign companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Infact he said most companies find hard to find skill labour, that means our universities are to be blame, Gov is not providing them fund for R and D,
Raghuram Rajan ji clearly said Manufacturing will happen organicly if Gov spends its fund on Universtoty and create talent pool, he was against forced Manufacturing practise ( by inviting foriners companies )of this current gov.
@@harshnaik6989Wrong those skilled people will board the next flight to Japan, China or the USA. Manufacturing has not happened organically anywhere in the last 5 decades. China, Japan, SK all had their versions of PLI and they were PLI pro max.
China when US capital arrived was assembling stuff only and later on they absorbed the tech and became self sufficient.
If we really want to become global power, we can't be importing heavy engineering stuff from abroad. From employment pov, manufacturing provides the low skilled surplus labour from agri sector to gain employment. There are numerous benefits especially in the long term.
@@Dennis56781000 agreed
@@harshnaik6989
Raghuram Rajan is not a qualified economist, of accounting or finance background.. Rajan by qualification & by his claims - is a fraud. Go research his educational qualifications. Rahan us uncut to advise. Go consult some real economists.
Manufacturing jobs don't arise in silos. Infact manufacturing jobs has multiplier effect on service jobs.
But you still need skilled people.
@@ragul3204what's your point.
@@just_hands13 My point is you cannot keep subsidizing manufacturing like we do now. Instead we should skill our workforce and create an ecosystem so that companies can invest.
@@ragul3204 subsidy is being given to bring the ecosystem. Once that settles and becomes productive, companies then themselves invest. Example - Foxconn now exports $18 billion worth iphone, was initially given subsidy to start assembly
@@ragul3204- I don’t think we will keep on subsidising all manufacturing. The present PLI is purely to create that ecosystem which can bring economies of scale - which present manufacturing volumes are unable to achieve. Simple.
Once achieved, the ecosystem takes care of itself and becomes self sustainable
I have been living in Australia for 6 years and a week ago for the first time I actually saw made in India product at K mart.
ideology- personal bias-they also drive economic thinking. Raghuram Raja's ideas are more more anti Modi than anything else.
what Raghuram said was Gov should not put their money to bring foreign companies to set up there companies here.
If some foreign companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Infact he said most companies find hard to find skill labour, that means our universities are to be blame, Gov is not providing them fund for R and D,
Raghuram Rajan ji clearly said Manufacturing will happen organicly if Gov spends its fund on Universtoty and create talent pool, he was against forced Manufacturing practise ( by inviting foriners companies )of this current gov.
@@harshnaik6989 start with assembly, what China did , see where it is today. you have to start somewhere. As for incentives, Biden's IRA - all those incentive billions are for manufacturing in USA. We cannot do it on such a scale, but at least for local consumption of chips and others like pharma/engineering - we need to start manufacturing here; simply saying it does not work seems to be agenda based.
american agenda , they first present the problem then give the solution at a price
@@harshnaik6989 by your logic , it will take thousands years to achieve what china is now ,sometimes you need some upliftment by others atleast to learn something.
You have to wait next 10 years to understand who is right!
How on the earth would someone say manufacturing is detrimental to development unless he is Raghuram Rajan 😂😂 ! Seriously how can someone even consider him as an eminent economist?
I guess he's planted by vested interests 😢
@@abhilak007planted by cia
Gandhi. He was dead against industrialisation saying that it's evil because it was brought by the British and told the entire nation to go for khadi weaving. While Bose was targeting for industrialisation post independence, but he vanished even before independence. So, yeah. We got stuck with Lehru and his ideological children like Raghu Ram Rajan.
Raghuram sir did not said that, what he said was Gov should not put their money to bring foring comoanies to set up there companies here.
If some forigne companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
he is over hyped because of PR only..
Sadly most of our intellectuals have pledged their minds to foreign governments who don't want India to be self reliant
A new intellectual class is coming up which rejects this nonsense.
Just because they talk against the govt doesn't mean theres foreign influence
@@afghanjak but their thoughts are against national intrest
True
@@afghanjakfunny thing is no one said anything about government or politics, being self reliant in the manufacturing sector is of national interest to all parties….
Maybe the opposition needs to look within for foreign agents who raise funding from suspicious entities
Raghuram Rajan and Rahul Gandhi complement each others in many subjects .. I have never seen a single article on which he does not have any problems.. Rajan is part economic council of TN and why TN is not able to attract investment in many sectors .. who will answer it .. his ambition was clear when he joined Bharat Jodo yatra
R more a politician than an economist.
TN is able to attract investments. What do you know about investment s? Go to UP or Bihar and see the living standards.
@@ragul3204 this is racial comment . Check facts and then argue .. I don’t want Pakistani débate ..
@@ragul3204 I have not mentioned zero investments .. what has gone wrong u will come to know
@@sanjaypriyadarshi Please enlighten me on what is wrong.
Raghuram was wrong about most of the things during and after his corruption-ridden tenure.
😢
Why did raghu became an economist when his father was good at may be agriculture? He should farm 😂
Even in farming,may need some brains also.
He is not an economist by education. He has a Masters and a PhD in Business Administration.
Don't disrespect farmers
Raghuram Rajan’s father was IPS officer of Madhya Pradesh cadre on deputation to the RAW (Research & Analysis Wing). By your logic Raghuram Rajan should also have become IPS officer like his father and joined the RAW
@@ramachandra8155
Where does respecting or disrespecting come at all? You have got it totally wrong. All that is being said is that a person from an agricultural family need not necessarily take to agriculture if his aptitude/skillset is in some other field.
India with such a huge population having so much diversity is capable of only Service Sector, appears to be totally off the mark.
If Raghuram Rajan says manufacturing is a bad business idea then just get into manufacturing business immediately even if you are a chef, cricketer, preist etc. you are guaranteed to taste success 😂😂😂
Raghuram sir did not said that, what he said was Gov should not put their money to bring foring comoanies to set up there companies here.
If some forigne companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
😂😂
@@harshnaik6989that’s not how it works. You needs to give incentive to kickstart manufacturing. Everything starts with assembly. You can’t jump the ladders without proper ecosystem.
@@hj2711same logic applies to services and education too, is Modi government Anti services and Anti education? Does that make any sense?
Bro just following this tip in 2012 my father get lots of return in investment in share when he says that India is go to recession in 2014 😂😂😂
Completely agree.
India must plan for all eventualities. Geopolitical situation will continue to be volatile & a country as large as India cannot completely rely on imports.
Raghuram is a disgrace to his name ,, he's demeaning Lord's Ram name
Raghuram sir did not said that, what he said was Gov should not put their money to bring foring comoanies to set up there companies here.
If some forigne companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
@@harshnaik6989 to a certain extent, that would work if you have expertise in or around the field even to have productive discussions about something cohesive. This is happening in automotive, space and defense(with a huge dearth in information) sectors, We can capitalize on some experience there. But electronics is something we don't have exposure to, only way to acquire knowhow is to start working, imitate and then innovate. All the electronic superpowers have done this throughout history. With electronics being of so much strategic importance no country is going to part with their knowledge.
Brilliant rebuttal to Rajan's views👋
Sanjeev Sanyal was 100% right, for the country with 1.4 billion people we must venture into all the possibilities, not only Raguram Rajan's ideas are outdated, but he was also personally recommended by Obama, as per geopolitics 101 never trust Americans.
Ranveer can we have K ANNAMALAI on podcast please and yes i am big fan of ur podcast too🌱
Raghuram Rajan is, in my view, wrong. Although not an economist, I did a doctoral thesis on Singapore 's economic growth model. China has emulated and is the world's manufacturing supply chain. Economists like Raghuram Rajan have stifled India's economic growth with bad advice. Manufacturing industry is so vital to make the country self reliant.
Raghuram sir did not said that, what he said was Gov should not put their money to bring foring comoanies to set up there companies here.
If some forigne companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Infact he said most companies find hard to find skill labour, that means our universities are to be blame, Gov is not providing them fund for R and D,
Raghuram Rajan ji clearly said Manufacturing will happen organicly if Gov spends its fund on Universtoty and create talent pool, he was against forced Manufacturing practise ( by inviting foriners companies )of this current gov.
in no country, manufacturing came organically. such a stupid advice. he is basically saying sab log call center me kaam karo
Wah economy ka Kitna gyani rakhta hai apna bhai... bhai mere ko ek aisa country dikhao pls jaha pe manufacturing organically hua ho... har desh economy aur infrastructure parallelly grow karma hai... organically 😂😂😂
India needs growth in every sector, prioritizing and growth rates may differ but we cant ignore any sector now.
I completely agree with Mr. Sanjeev Sanyal. Manufacturing provides job opportunities for different levels of skills, starting from unskilled to highly skilled. This pyramid of skills sets is going to exist despite of economic and educational progress.
Relying only on services will not address to this.
Raghuram sir did not said that, what he said was Gov should not put their money to bring foring comoanies to set up there companies here.
If some forigne companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Choosing Sanjeev Sanyal over clueless Raghuram Rajan was the best decision Modi made.
Sanyal is actually soo annoyed by dumb questions asked by ranveer😅
Everything cant be simplified to one line statements
Rajan is a perfect BROWN SAHIB, who look at Bharat through the lenses of his colonial masters. That is why his view will never benefit Bharat.
Raghuram sir did not said that, what he said was Gov should not put their money to bring foring comoanies to set up there companies here.
If some forigne companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Infact he said most companies find hard to find skill labour, that means our universities are to be blame, Gov is not providing them fund for R and D,
Raghuram Rajan ji clearly said Manufacturing will happen organicly if Gov spends its fund on Universtoty and create talent pool, he was against forced Manufacturing practise ( by inviting foriners companies )of this current gov.
Raghuraman lost all my respects when he joined the Italian Rahul's Bharat Todo yatra.
If anyone remembers
When Modi became PM inflation was so darn high that RBI gov. Was thinking to bring 10k rupee note.
Everyone knows who that duo before that who were responsible for economy of state
Remember Inflation was steady at 9-10%
love from bangladesh
If you really love India then please don't support the radical political parties who want to disrupt India and Bangladesh historical relationship
Infact a true bangladeshi should take action against the radical political parties
Economy will take off like anything from 2025 on, if the main problem is solved.
ONE CORE PROBLEM : The corrupted Constitution. The original Constitution was botched up By Nehru and Congress over the years with multiple hacks at it.
The judiciary in India is now rotten.
Hopefully it won't be long before it turns into manure.
At least the stench will begin to subside.
Bharat now needs to - revert To the Original Sanatani Samvidhan !
This will enable necessary legislative actions to be taken
Without meddlings from supreme court or anti-bharat forces !!!
Clearly defining scope and division of powers between Executive and Judicial branches of government in accordance with a restored “Sanatani Samvidhan” .
In Essence , India's British era legacy Supreme Court ,
needs to to be turned into "Sanatan Bharat's Sarvochcha Nyayalaya" .
Then the work of cleaning up bad laws that were meant to help the British to rule India, can truly begin. It all points First to the need :
To Get past the threshold of 404 in this 2024 election ! Crucial.
Modi hai to mumkin hai. But, this time - Not without your help ! ! !
He needs more than 404 to deal with the task of putting Bharat on the right track. , take 5 friends to vote with you. Ask 5 Face Book friends to do the same.
This is our duty to help Bharat Ma. Plan now and HELP !
🚩🚩🚩 जय श्री राम 🙏🙏🙏
The biggest indicator of rotten constitution was one could question, criticise government and policies without much back lash or without being called anti national as Anna did, call bribery as corruption, had strong constitutional bodies like CEC, CIC which were appointed unbiasedly and could do their job freely and fairly to serve national interests.
Now with “core problems” getting solved like legalisation of bribery in form of electoral bonds. India or at least a very small part of “ India” would grow at the cost of others.
Being Santani means taking stand for what’s right even if it at comes at your own cost cz there is only one right thing.
“Right track” for India will India is facing huge problem of unemployed people and youth which may be economical today but will soon turn into social and administrative one, there are protests going on everywhere Kashmir, Ladakh, Manipur, Mizoram, etc., farmer suicides had increased something govt has stopped acknowledging after 2015.
Most worrying part is Indians don’t wanna wake up and question this blatant overall scam and corruption. Ram and Krishna ki janmbhumi k log, have become so blind, mute and deaf that they forgot basic ideas of justice, honesty, righteousness. All they care about is cult worship.
I don't know if what I am going to say will make sense to you , but for whatever it may be worth - here it is . The generation before us - was worse ! Just the fact you are talking about such things makes it just a little bit better - a sliver of awakening. I know it is still bleak. But getting better. You talking about it, is energy sent into universe with a "higher"/frequency quality , it will find resonance and propagate further to an extent greater than the recent past. 🙏@@joybliss21
@@joybliss21lmao. None of you said make sense except unemployment issue, electoral bond is the right way to go. You need education more than bs. None of you said make sense, you are blind congresiii. Btw biggest corrupt party is congressi. Would you disagree? People have right to protest that been doing since 1900. And it will continue for next 100 years. And that is their right. You should speak to the point. And just because you are saying something doesn’t make it right.
@@shrishri8898 abe kya bol raha he. Common sense namki koy chiz hoti kya.
Not everyone is meant to be a IT professional or a banker. These kinds of professions require high aptitude and specific skills that are not easy and hence not suited for everyone. That’s why have more options than just be restricted to services
He says we don't have the skilled workforce for manufacturing.
Raghuram sir did not said that, what he said was Gov should not put their money to bring foring comoanies to set up there companies here.
If some forigne companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
@@harshnaik6989stop spamming
@@ragul3204nope that’s now what he said. We do have skilled work force, have you ever been to industry.
ranveer can u please share the product link of Ur brown jacket thank u in advance
Very eloquently put. 140 cr population, we can certainly find good number for talented people for all type of jobs.
5:19 - 5:24: Small correction? We may not have been *historically* good at manufacturing *only since* 1947. We were great at ship building both at east coast and the west coast. The Chola kings were the first to have naval fleets. We 'manufactured' different types of chariots, carts, knives, swords, spears, etc., for our own use, and probably exported them too.
❤intellectual people loose their mind generally when they are outwitted in competition by another man. He thought much better for himself and felt india will be doomed after he looses job ❤
Completely agree on this. 1.4 billion people can't be doing just service base business or engineering.
Sanjeev sir, as the advisor to the prime minister can you please create surveys to understand what kind of jobs people may be interested and then try to create those kind of opportunities
Also in our education system it is become very costly can you actually do something to make it more accessible to people
This is the lion in the room. This is what we need all the time
Wonder How Raghuram Rajan become Economist and Governed us. Country like India should have sound manufacturing ecosystem, pioneer in all fields . Otherwise we cannot be a major power in the World.
We know how we were depended on China for every goods during Rajans regime. Totally destroyed our economy. Manufacturing could be catalysts for other area to grow.
Rajan and his patrons did not want India to become a major power.
what Raghuram said was Gov should not put their money to bring foreign companies to set up there companies here.
If some foreign companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Infact he said most companies find hard to find skill labour, that means our universities are to be blame, Gov is not providing them fund for R and D,
Raghuram Rajan ji clearly said Manufacturing will happen organicly if Gov spends its fund on Universtoty and create talent pool, he was against forced Manufacturing practise ( by inviting foriners companies )of this current gov.
As a country we need to be reslient as a country and also have diversified set of industries , insulate against any future shocks and driven by both internal demand and export demand.
Why does Ranveer always seem so childish and immature when he speaks to the guests?🤔
Another huge point against what RRR is suggesting is AI: India currently handles a lot of backoffice and call center stuff and a lot of it is going to get automated away. We have a 5 year window of either massive getting into industry or getting squished.
All Raghu said was that Goverment shouldn't provide huge subsidies for Manufacturing. He didn't say, that we shouldn't do manufacturing at all.
good answer: Raghuram is a crap
Raghuram sir did not said that, what he said was Gov should not put their money to bring foring comoanies to set up there companies here.
If some forigne companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Infact he said most companies find hard to find skill labour, that means our universities are to be blame, Gov is not providing them fund for R and D,
Raghuram Rajan ji clearly said Manufacturing will happen organicly if Gov spends its fund on Universtoty and create talent pool, he was against forced Manufacturing practise ( by inviting foriners companies )of this current gov.
@@harshnaik6989 how stupid is this argument. Manufacturing was not happening in India because Congress was happy importing everything from China. Govt need to promote a sector which is not organically developing. Because BJP is thrusting on Make in India 🇮🇳, lot of defence manufacturing started happening, you will be amazed in few years what we are capable off. These Raghu Shaghu doesn’t understand India. Stay away from such fools, thats why he was kicked out from RBI.
Liked t thinking process of Sanyal
Bring t two together to agree & disagree. Fun! And knowledge ?
I saw the interview of Raghuram Rajan he did not say that we should leave manufacturing. What he mentioned is that we are incentivizing too much on manufacturing where the margins of growth are not much because china has eaten the largest share of pie. He mentioned we should give more focus on education in order to have a innovation driven economy where we can have a larger share with greater margins which are mostly done by developed countries. But, I agree to Mr. Sanyal given the size of india we should pursue multiple avenues of growth instead of 1 singular avenue just because we were successful there.
Raghuram rajan is just a theoractical economist, he can only be a professor of economics and teaching students the principles and concepts. You can't depend upon raghuram rajan to take economic decisions for a country, he is very defensive economist, no country want such a policy maker at economic level who is not able to make a country develop at a great pace utilizing the country's true potential.
Very healthy discussions.
Nobody:
BB: "China. Country in East Asia."
4:01
😂😂
RR should stick to writing papers for his gora masters. He might win a noble prize. That should keep him occupied and make him feel self important
what Raghuram said was Gov should not put their money to bring foreign companies to set up there companies here.
If some foreign companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Infact he said most companies find hard to find skill labour, that means our universities are to be blame, Gov is not providing them fund for R and D,
Raghuram Rajan ji clearly said Manufacturing will happen organicly if Gov spends its fund on Universtoty and create talent pool, he was against forced Manufacturing practise ( by inviting foriners companies )of this current gov.
What is happening in Ladakh, Government should focus on Ladakh
Simple thing no special status at this moment especially
nothing is happening in Ladakh. unnecessary creating issue.
Dude this video is about Manufacturing, not Ladakh. Stick to the topic. Go and comment on those videos where Ladakh is being discussed.
Sanyal is Economic advisor not Home Minister to ask these question.
Dhruv fans are totally brainwashed,in every videos without knowing topic they come with their masters topic 😂
@@rampratapsingh4685 let them shout..
It will be noisy now more
Mr Rajan has applied for a finance minister job in case Congress comes to power. May be its just the personal choice to work with clowns.
Raghuram sir did not said that, what he said was Gov should not put their money to bring foring comoanies to set up there companies here.
If some forigne companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Infact he said most companies find hard to find skill labour, that means our universities are to be blame, Gov is not providing them fund for R and D,
Raghuram Rajan ji clearly said Manufacturing will happen organicly if Gov spends its fund on Universtoty and create talent pool, he was against forced Manufacturing practise ( by inviting foriners companies )of this current gov.
Rajan is still unable to understand that Rahul Gandhi or his puppet will be able to be PM of India
@@harshnaik6989stop spamming
Sanjeev is the MAN!
As an Economist and I have to say modern economics is a completely different Outlook.
RR says india must focus on Services and says Skills and jobs are important, but how come every one could do only be on Services ignoring Manufacturing. Looks like he is on a high and very much doubt why as a country we must ignore manufacturing and put all eggs in one basket.
Raghuram is not only wrong he is malicious. He follows lagging indicators and interprets them in a pessimistic way. For an economy which is on upswing he should see leading indicators
Raghuram sir did not said that, what he said was Gov should not put their money to bring foring comoanies to set up there companies here.
If some forigne companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Infact he said most companies find hard to find skill labour, that means our universities are to be blame, Gov is not providing them fund for R and D .
Raghuram sir did not said that, what he said was Gov should not put their money to bring foring comoanies to set up there companies here.
If some forigne companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Infact he said most companies find hard to find skill labour, that means our universities are to be blame, Gov is not providing them fund for R and D,
Raghuram Rajan ji clearly said Manufacturing will happen organicly if Gov spends its fund on Universtoty and create talent pool, he was against forced Manufacturing practise ( by inviting foriners companies )of this current gov.
Ranveer, you clearly miss quoted Raghuram here,
what Raghuram ji said was Gov should not put their money to bring foreign companies to set up there companies here.
If some foreign companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Infact he said most companies find hard to find skill labour, that means our universities are to be blame, Gov is not providing them fund for R and D,
Raghuram Rajan ji clearly said Manufacturing will happen organicly if Gov spends its fund on Universtoty and create talent pool, he was against forced Manufacturing practise ( by inviting foriners companies )of this current gov.
No one would choose the course in the university if the future prospects for a job is not available.
Atleast have the manufacturing industry set up first so that people start wanting to get skilled for that job.
Shallow thinking by Raghu
If we were just "educating", then Maruti would never be able to make cars in India today.
Suzuki partnership helped fast track the auto industry in India and the same approach to manufacturing in Semiconductors is right.
Besides, Govt can continue to spend on universities and educate the workforce while assembling is happening in India. What is the rule that only one makes sense?
@@ashishjoseph3522 Correct!
@@amoghkashyap2695 Maruti and Suzuki came because of IITs
Government subsides and ease of doing business are fundamental to encourage manufacturing
The interviewer posed the wrong question. Raghuram Rajan doesn't say there should be no manufacturing. He said Indian government is incentivizing the wrong kinds of manufacturing such as chips which is highly capital intensive, won't create many jobs and will take a long time for India to become competitive. There are already global leaders such as Taiwan in this field.
Sanjeev Sanyal says all sorts of things should be tried. That would need a workforce that is well educated and skilled as well as healthy. More money should be spent education, healthcare etc. That is also what Raghuram Rajan says.
Finallyyyy…someone understood what Rajan has been saying. I see all kinds of strawman responses to his argument. Per se, I am not necessarily asking people to agree with Rajan but at least understand what the man is saying and respond to his actual argument, not a made up one.
Raghu - Pappu’s advisor /admirer is big Pappu
Do video on Sonam wangchuk
Very well explained. Totally agree with him.
I fully agree with Sanjeev that Raguhram Rajan is wrong with holding a steadfast but senile position that Indians should not expend their energy in the manufacturing sector. Indians need to be involved in every sector - Services, Manufacturing, Agriculture,, Business, Sciences, and Cultural.
Raghuram Rajan also knocked India in pursuing the designing, manufacturing, and assembling of semiconductor chips - the very sector that USA, China, Netherlands, etc. are keenly pursuing.
This is how more employment will be created in the largest populous country of the world, and this is how India will be less dependent on rogue countries like China.
Without the invention of the photolithography machine by Taiwanese scientists 25 years ago , it was NOT possible for Netherland to have manufacturers of Lithography machine, even for the whole world. If the incident on June 4 ，1989 did not occur in China, then Lithography machine made in China .
what Raghuram said was Gov should not put their money to bring foreign companies to set up there companies here.
If some foreign companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Infact he said most companies find hard to find skill labour, that means our universities are to be blame, Gov is not providing them fund for R and D,
Raghuram Rajan ji clearly said Manufacturing will happen organicly if Gov spends its fund on Universtoty and create talent pool, he was against forced Manufacturing practise ( by inviting foriners companies )of this current gov.
Agar ham India mein manufacturing sector par focus nahi karenge to kya 1.3 billion population ke consumption ko fulfill karne ke liye ham trillions of dollars ke goods ko foreign countries se every year's import karenge.
India mein already 47% popullation agreculture sector mein kam kar rahe hai.
service sector mein female workforce ko jada involve karna chahiye.
India mein female workforce ka participation rate only 23% hai.
India mein logo ko Employment dene ke liye manufacturing sector sabse important hai.
what Raghuram said was Gov should not put their money to bring foreign companies to set up there companies here.
If some foreign companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Infact he said most companies find hard to find skill labour, that means our universities are to be blame, Gov is not providing them fund for R and D,
Raghuram Rajan ji clearly said Manufacturing will happen organicly if Gov spends its fund on Universtoty and create talent pool, he was against forced Manufacturing practise ( by inviting foriners companies )of this current gov.
@@harshnaik6989
Foreign companies ko attract karne ke liye
only India incentive nahi de raha hai.
Tax Incentives for Foreign-Invested Enterprises
China ne 2022 mein 280 billion dollars ka incentive diya hai.
china EV companies ko between 2009-2022 mein 28 billion dollars ka incentive diya.
Malaysia, Vietnam, Indonesia, Thailand etc. south Asian countries bhi foreign companies ko incentive de rahi hai.
USA semiconductor industries ko $280 billion ka incentive de raha hai.
Jo aap assemble karne ki bat kar rahe ho.
China aaj bhi smartphone ka only 30%-40% component hi china mein manufacturing karta hai. and electronics ke majority component Japan, Taiwan, South Korea, USA, Europe etc. se China import karta hai or assemble karta hai. China mein ab labour cost high hone ke wajah se assembly ka business South East Asian or India mein sift ho raha hai.
China ko 'Made in China' start kiye more than 30 years ho gaya hai. China ko 30% electronic component indigenous manufacture karne mein 30 years lage hai.
Ham Indians soch rahe hai ki 6-8 sal pahale 'Make in India' mission start karke ham China ko challenge karne lagenge.
China mein 15-20 sal pahale electronic product only assemble ho rata tha. Phir china mein dhire dhire bahut se supplier develop hone lage or Chinse companies ko kaphi experience ho gaya and aaj wahi companies VIVO, Huawei, OPPO, Xiaomi, One1+ jaise big Chinese companies ban gai hai.
Dhire dhire India mein bhi aisa hi hoga.
wait and watch
That's why Mr. Sanyal is sitting in govt and Mr. Rajan is sitting out .. Coz his approach is restricted and pessimistic
India jumped from primary agri sector directly to tertiary service sector, we missed development of MANUFACTURING sector, so improvement in a person's life shouldn't be stopped just bcz a person is good in A, it's not written anywhere he shdnt improve his B skills
what Raghuram said was Gov should not put their money to bring foreign companies to set up there companies here.
If some foreign companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Infact he said most companies find hard to find skill labour, that means our universities are to be blame, Gov is not providing them fund for R and D,
Raghuram Rajan ji clearly said Manufacturing will happen organicly if Gov spends its fund on Universtoty and create talent pool, he was against forced Manufacturing practise ( by inviting foriners companies )of this current gov.
@@harshnaik6989 FDI has its own advantages too
Why does one want to beat a person who is always wrong? RR is an agenda driven comedian who wants everyone to notice him with aspirations to sit in the LS or RS.
Current outsourcing service industry is an extension of colonial system where Colonial masters hired educated Indians to do their admin jobs.
Service industry also should look inwards and become independent of serving only foreign entities.
what Raghuram said was Gov should not put their money to bring foreign companies to set up there companies here.
If some foreign companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Infact he said most companies find hard to find skill labour, that means our universities are to be blame, Gov is not providing them fund for R and D,
Raghuram Rajan ji clearly said Manufacturing will happen organicly if Gov spends its fund on Universtoty and create talent pool, he was against forced Manufacturing practise ( by inviting foriners companies )of this current gov.
@@harshnaik6989
Wow such a great insight. .My premise was based on the policies of USA and China to attract manufacturing. You are right if Tesla wants to come to India let it come or let them go to Vietnam or Bangladesh...
Completely agree with this guy
India has always been a country with a mixed economic system,so there should always be a balance of services and manufacturing sector....A lot of people are engaged in the agriculture,who just cannot leapfrog to the service sector overnight
Raghuram Rajan does not have even a single Economics or Finance or Accounting Degree. He had a finance subject in his Management Degree in USA. Check his Wikipedia page. Raghuram Rajan, under all the noise - is just a Misleader.
Sanjeev sanyal sir is so FACTUAL
Well indigenous capability doesn’t mean capturing we can naturally capture global markets.Should absolutely be done but with due investment in vocational education and training. Raghu said the environment wasn’t ideal based on quality and skill.. cost with subsidies and taxes on imports of some necessary inputs. Manufacturing is an opportunity. Sure. Will we hit it out of the park.. needs to be seen.
Excatly, these kids in comment section just talking things without knowing what he said.
what he said was Gov should not put their money to bring foreign companies to set up there companies here.
If some foreign companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Infact he said most companies find hard to find skill labour, that means our universities are to be blame, Gov is not providing them fund for R and D,
Raghuram Rajan ji clearly said Manufacturing will happen organicly if Gov spends its fund on Universtoty and create talent pool, he was against forced Manufacturing practise ( by inviting foriners companies )of this current gov.
Very well said Sanjeev Sanyal 👌
Great
Verr true
People of Bharath had enough under Mounmohan, PC fin min & Raghu as Gov of RBI of UPA & that period worst since independence.
Let people get free things at home.... That is raghu.... You dont grow economy by doing this.... U make people lazy and unselfish... People need to be selfish in order to progress.... I am not a great fan of Gandhi
Raghuram sir did not said that, what he said was Gov should not put their money to bring foring comoanies to set up there companies here.
If some forigne companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Infact he said most companies find hard to find skill labour, that means our universities are to be blame, Gov is not providing them fund for R and D,
Raghuram Rajan ji clearly said Manufacturing will happen organicly if Gov spends its fund on Universtoty and create talent pool, he was against forced Manufacturing practise ( by inviting foriners companies )of this current gov.
Growth is not always good, specially when resources are depleting. Why not stand still and wait till recuperation .
Thank god you are not in Bharat sarkar. Standing still was what the great economist moun mohan singh practised.
@@anikethbhat6230 😀
He said raghu is a friend and there are disagreements. And people in the comment section go ballistic. We sure have a lot of clowns. These intellectual people who run countries disagree on things and people just would talk shit. Education sure is very necessary, skilled manpower is a must to grow in any part of the economy and it should be scientific not based on political opinions of a politician.
Raghuram sir did not said that, what he said was Gov should not put their money to bring foring comoanies to set up there companies here.
If some forigne companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Infact he said most companies find hard to find skill labour, that means our universities are to be blame, Gov is not providing them fund for R and D,
Raghuram Rajan ji clearly said Manufacturing will happen organicly if Gov spends its fund on Universtoty and create talent pool, he was against forced Manufacturing practise ( by inviting foriners companies )of this current gov.
I think Raghuram rajan was against over emphasis of manufacturing and over subsidising for lower ends of manufacturing but not manufacturing itself.
I see more doll for kids in made in India earlier only china. Similarly cell phone charger made in india.
I dia should do chips computer aeroplane etc
Raghuram Rajan holds a green card (GC) in the United States. He is not a U.S. citizen. He regularly renews his GC. Rajan remains open to exploring good opportunities in India; if such an opportunity arises, he is willing to relocate to India. Similarly, if he receives a better chance in the Chicago area or elsewhere in the United States, he is open to pursuing it. It can be observed that Rajan is *not strictly committed to India or the United States* and is willing to consider opportunities in both countries based on their respective merits towards him and not to the country he serves.
Good but he should stop saying mindless stuff. He is not even an economist, anyone countering me please let me know from which university Rajan studied economics?
Raghuram sir did not said that, what he said was Gov should not put their money to bring foring comoanies to set up there companies here.
If some forigne companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
@@harshnaik6989 brother ,we are importing companies because we don't have the capability to do it ourselves. There is no local startup to kill. For example microcontroller,CPUs we have no concept of that in India. We need foreign companies to transfer the technology that only happens when you give them something in return.
Yeah innovation is key but for that to happen you need infrastructure, investment, and above all experience which India currently lacks and foreign companies brings that. Some startup not going going to randomly wake up and start producing mass market chips like tsmc does.
No matter how much money you spend on startups .
I have been foxed and not able to understand why people with names after lord ram which their parents affectionately named are enigmas? Evr in short ramasamy naicker insulted hinduism . Some others with similar names seem out of place sitaram yechury and raghuram rajan.
Raghuram sir did not said that, what he said was Gov should not put their money to bring foring comoanies to set up there companies here.
If some forigne companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Well raghu ram should not have grudge since he didn't get attention and salary what he expected
The comment section tells the sad state of people's mind. They can't comprehend layered messages. Raghuram Rajan had criticized the govt's untrue ambitious narrative that India is a manufacturing giant and phone and laptops are manufactured on Indian soil. This is as good as misleading people since at most we assemble stuff. He used the key phrase "value addition" which is minimal in India.People start thinking govt did enormous amounts of work to make this happen and let's vote for them. Truth is most trains, smart infrastructure, wifi towers have only minimal investment as show piece which once have faults would remain faulty and non functioning. So there is a need to come clean on what we as Indians can manufacture from top to bottom or more large enough to claim significant value addition.
He merely pointed out that we should redouble efforts towards service sector to boost our economy doing what we do best and stop spreading misinformation. He didn't say stop emphasizing manufacturing. Service sector might very well trickle down some money to create opportunities for the manu industry.
Creating controversy out of nothing without understanding layered information by an academician. Sorry state of affairs.
Raghu May be from IIT but zero experience in manufacturing. Why accuse him? He is good at what he knows. Problem with us is we indians spend energy on garbage discussions.
R.Rajan shouldn't be taken seriously at all.
what Raghuram said was Gov should not put their money to bring foreign companies to set up there companies here.
If some foreign companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Infact he said most companies find hard to find skill labour, that means our universities are to be blame, Gov is not providing them fund for R and D,
Raghuram Rajan ji clearly said Manufacturing will happen organicly if Gov spends its fund on Universtoty and create talent pool, he was against forced Manufacturing practise ( by inviting foriners companies )of this current gov.
"on a very human level what causes the disagreement to form" what a dumb irrelevant question 😂😂😂
Totally agree with Sanjeev, and disagree with Raghu. In my field, AEC, most engineers and architects use software made from abroad, while they earn peanuts, and the software companies earn millions. Why can't we have indigenous software. We are 1.4 billion people. Cant we develop any competing software, like Autodesk (tbh they're a lot better than most). Were increasingly becoming a country with labourers sitting in AC offices, and paying companies hefty sums of money to companies abroad for the privilege of doing so.
Sounds like MR RR wants to keep us enslaved to the west, or the likes of Infosys (no disrespect to them) just indians to work 70 hours plus a week. Sounds like you're just selling indians to the west. Modern slavery.
❤❤❤❤❤
He should not dream of becoming Finance Minister, since INDI is not coming to power in near future.
We are importing a number of manufactured items from other countries using hard earned dollars. And do we have to plug these out flow of foreign exchange wherever possible. Having plenty of skills for manufacturing, we should do well in manufacturing. Even manufacturing chips is manufacturing. But our present eco system wherein unions and politicians decide the fate of companies, it is very difficult to compete with China on office front since events china is a communist country, the workforce followed the directives of the managerial forces but in India even in a government office managerial functions are dictated by unionist labourer on every front. The minute rampant unionism takes over the IT sector, we can say good bye to our efficiency in this sector too.
RRR IS CONTRADICTORY TO HIMSELF A COMPETENT MEMBER OF THE SYNDICATE PROJECT
Raghuram never said this exactly
Ranveer, you really need to learn how to ask thought provoking questions and study the topic in depth before the interview. I learned nothing from this.
I guess now everyone understood today why Raghuram Rajan was kicked out by the BJP Gov..
what Raghuram said was Gov should not put their money to bring foreign companies to set up there companies here.
If some foreign companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Infact he said most companies find hard to find skill labour, that means our universities are to be blame, Gov is not providing them fund for R and D,
Raghuram Rajan ji clearly said Manufacturing will happen organicly if Gov spends its fund on Universtoty and create talent pool, he was against forced Manufacturing practise ( by inviting foriners companies )of this current gov.
Raghu CCP bot is wrong about so many thing not just one, he even quote wrong data/stats to prove his assumptions.
This is the level of shamelessness he has.
We are really taken aback. Now we have been told to develop the economy? Govt is nothing to do?. After 10 years this is what. we here.. Let us be straight : As soon as economy is taken over the Economic planning unit role is taken off. This removed the base mark set to start with. Notwithstanding total economic reforms were done for 10 long years copying west. We have strong objections for long that our culture and style are different from west and it is disastrous to copy theirs where i social infrastructural developments are getting priorotised at the cost of national development. . This can only be equat upon reaching developed country status.. India has gone through extensive and rigorous 100% made in India concept for 50 years and now reintroducing Made in India has removed all facilities developed into the high tech fields and restarting from scratch. These decisions have decelerated the GDP growth and worst still unemployment and % of poor increased.. Looks like there is a big mistake done and is being realised now!. It looks real that for 10 years only trial and error management prevailed at the cost of national development and missed opportunities. What is needed for India was upgrading the advance technology training and implementation on all basic amenities India produced to make from safety pin to rockets and jet fighters and huge 1000mw pwer generators and superr computers and made mars mission possible in first attempt at 1/10 cost in 2011. Later we failed to achieve 100 % success of chandrayan 3 and seeking launching pad for 5000Kg satellite eventhough we developed rockets to carry 6500 kg payload. Looks like we have lost 10 years in all our lives. Who is responsible for this? GOD BLESS.
Could we have sent Chandrayaan to the moon, and Mangalyaan to Mars without a wide ranging capabilities in manufacturing?
How do you make a fighter jet such as Tejas or a nuclear submarine?
And there has to be domestic demand that must be met by domestic supply chains or we will be forced to buy crucial items from our potential and powerful adversaries.
And without all these don't even dream of making microchips and for ever be contented with using obsolete technology.
Even friendly nations such as Israel and France are not sharing the latest and greatest with us. until it becomes "yesterday's technology.
Sanjeev Sanyal is absolutely RIGHT
I have no time for Raghuram Rajan
He is the one with double standards
what Raghuram said was Gov should not put their money to bring foreign companies to set up there companies here.
If some foreign companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Infact he said most companies find hard to find skill labour, that means our universities are to be blame, Gov is not providing them fund for R and D,
Raghuram Rajan ji clearly said Manufacturing will happen organicly if Gov spends its fund on Universtoty and create talent pool, he was against forced Manufacturing practise ( by inviting foriners companies )of this current gov.
Such podcasters are ridiculous in asking Qs to a highly educated economist. Sad that Dr Sanyal agrees to appear here just for viewership. Normal topics okay. Not on specialised topics. Dr Sanyal has wasted his time here
I thik Raghu is good communicator, he should join call center.😂
It's really astonishing that chapri youtubers criticizing economist stalwarts like Dr Rajan.
chup
Anyone appreciating Rahul Gandhi in Politics is practically either dumb or opportunistic.
what Raghuram said was Gov should not put their money to bring foreign companies to set up there companies here.
If some foreign companies want to come by themself then its not an issue , but gov providing hige intesive for them to setup their plant is an problem.
Why ? It because with that move gov kills local startups and it stops local companies to grow, insted gov should spend money on Universities and Indian startups so that they come up with their own product ( truly made in India and not assemble in India )
Raghuram ji is against Assemble in India.
Infact he said most companies find hard to find skill labour, that means our universities are to be blame, Gov is not providing them fund for R and D,
Raghuram Rajan ji clearly said Manufacturing will happen organicly if Gov spends its fund on Universtoty and create talent pool, he was against forced Manufacturing practise ( by inviting foriners companies )of this current gov.
@@harshnaik6989There is stark difference between Being Stupid and Supporting a Stupid. And, at this moment, India doesn't have the capacity to have the level of manufacturing expertise as possessed by China. India is trying hard to bring the semiconductor manufacturing in India. Also, there is considerable development in the Auto Sector. India had lost its opportunities to the fallacies of the ancestors of the one Raghuram is supporting. And Skill Development in India is truly hard. Maybe, if Raghuram supports and actually comes to teach skill in India to actually create entrepreneurs. The problem is there are doers and there are commenters.
@@harshnaik6989yes r n d budget is problematic 😢