Davos Brainstorm 2025: Former RBI Governor Raghuram Rajan Exclusive With Rahul Kanwal On India Today

A leading economist discussed the potential impact of US tariffs on the global economy and India's growth. The expert analyzed India's economic slowdown, weak private investment, and fiscal challenges. Human capital investment and boosting business confidence were suggested as key focus areas for the Indian government. Former RBI Governor Raghuram Rajan emphasizes the need for India to invest in human capital to become a developed country. He suggests focusing on improving education, health, and job creation rather than tax cuts or manufacturing subsidies. Rajan also discusses the rupee's depreciation, inflation, and wealth taxes, advising against overreacting to exchange rate fluctuations.
#davos2023 #raghuramrajan #indianeconomy #makeinindia #humancapital #jobcreation #globaltrade #easeofdoingbusiness #businessconfidence #wealthtax #fiscaldeficit #inflation #skillindia #privateinvestment #worldeconomicforum #raghuramrajan #trumptariffs #rbi #economicreforms #automation #chipmanufacturing
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[vinaysaraf]

Rahul is more realistic and logical concerned about economy of the country so is Rajan. Let’s listen to our experts

[sasikumart]

I thought the views expressed by Raghuram Rajan were well considered and balanced. What is really required for development to happen as expressed by Shri Rajan is investment in human resources and public health. Wherever growth has happened in the recent past as in China or South East Asia, it can be seen that there was a substantial increase of educated people and the general health of the people had also gone up. In India too this needs to happen and there is no short cut for achieving the growth desired. As for increasing the jobs, as suggested by him the tourist sector is a very good option. His observation that we don't have good plumbers or other technicians even in metros is a correct observation. If we are looking for good advice, we should be prepared to accept advice from knowledgeable and experienced people without looking at them from the narrow political angle.

[njain]

Amusing to see Mr Kanwal pushing RRR for answers. RRR is not the one who needs to answer why the economy is in its current state and what needs to be done to put it in the right path. Push people in the Fin Ministry, Niti Ayog and PMO, but that you wont do. Need a spine for that.

[goldilockszone]

Scapegoat theory entails that when two giants fight the underdog gets smashed. Beware India, you are the underdog

[digambarjadhav]

Good inputs on Design, competency & ease of doing business. Wel studied unbiased experienced views.

[ashutoshtyagi]

Kanwal talking about corporate America kissing the ring. What about the fact that he and the whole corporate media did the same and more, 10 years earlier?

[Vipul.Canada]

Sir, No Job IS "Faltu". Nice interview and thoughts about imporving man power caliber

[rameshsaligram]

Good job done by calling on Raghu Rajan
Thank you

[manmohanmohanty]

Not every expert says anti government advice. They may be guessing the right expectation bcz GDP is not the matter per capita income also matters . The government should focus on the bottom to top approach development instead of top to down development. If our goal is to be developed in 2047 . We have to focus on the bottom of the economy instead of the top richest person.

[donbrad]

RRR has realized that Modi Govt is not going anywhere and RaGa is never coming so now his opinion is nuanced

[riaa]

Please discuss alternate ways to a future of optimal Technology+traditions mix. Spiritual tourism and AI.

[Wbuffbuff]

With high interests, high power and labor costs, India is not very competitive in many industries, and land acquisition being a major hurdle as well as very expensive..

[maigungunauauraapgaye]

First words what he said. Is that not new normal for the world? And for that reason not just for India but for all the countries with no exception to USA and india as well! Why this person can’t see positivity in the era of one global world!

[mohitmishra]

What an Irony, when Modi thinks of India first by trying to make India a manufactiring hub these so called Formeres cry but whn USA President says America First & do manufacturing here theses same people say ooh ya rt rt so good

[atulchandra]

While talking of Wealth Tax in US, Rajan is missing out on the fact that trusts and other institutions created a pattern of diversified ownership and professional executives managing businesses.

This has definitely distributed wealth and created great job opportunities AS A SYSTEM just in order to reduce tax liabilities. Not a bad bargain overall.

[sekarbabu]

Can india today catch a serving high profile heads of institutions, so that it can display the current efficiencies of the current government.
Raghuram rajan is a qualified one, but he is not a proper accountable person in the government in the current scenario

[sanand]

He tells something next line he contradicts it...

[akashdeogharkar]

So now BJP wants his advice though a different means 😂

[Pramod-it]

Please don't put the interviewer at a higher chair ( deliberately, I am sure) than the person being interviewed.

[shubhamdoshi]

1:30 the way he says Vietnam and not India really makes me think if he's fit for any job in the Indian Goverment. Someone even called him logically Darbari in the comments 😭