Raghuram Rajan: A debate on Indian Economy, unemployment, Inequality, Agriculture, banks, US, China

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In this show, we hosted the renowned Indian economist and former Reserve Bank of India's governor Raghuram Rajan. We asked Prof. Rajan why he argued in his latest book that the service sector allows India an alternative development path. We asked him if services export can be scaled up like manufacturing. We also discussed if low-end services can generate good jobs. We discussed Indian agriculture and subsidies, especially state support in procurement prices. We asked Prof. Rajan if he thinks the private sector in education is a good idea. We also pushed Prof. Rajan on why his book doesn't discuss wealth redistribution through wealth and inheritance tax. And finally, we end with a discussion on the banking sector, especially on his thoughts about the privatization of banks.

This is the book that we have discussed on the show
Name- Breaking the Mould: India’s Untraveled Path to Prosperity
Authors- Raghuram G. Rajan and Rohit Lamba

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00:00 Highlights
01:13 Indian path of development
07:19 Service sector and employment
15:25 Quality of jobs
17:47 Manufacturing export
20:53 Private vs Public schools
27:16 Agriculture and subsidies
31:56 Market prices in agriculture
36:38 Explosive debate on wealth inequality
44:52 Banking and privatization
50:00 Non-performing assets of Banks

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#indianeconomy #india #brics #fiancialreforms #msp #inequality #thomaspiketty