Shifts In Economic Influence - A New World Order | Dr. Subba Rao I Mumbai I 14th IIC
Welcome to the 14th India Investment Conference by CFA Society India.
Dr. Subba Rao Duvvuri, the former Governor of the Reserve Bank of India, discussed the shifts in economic influence and the new world order. He highlighted the need to provide jobs to tackle youth unemployment in India, which is as high as 40%. He emphasized that India's share of world trade is only 3% and even a 1% increase would have a significant impact on jobs and the economy.
1. Introduction (0:00)
2. Will the elephant start dancing? (4:46)
3. India's GDP Leap: 10th to 5th Largest (7:25)
4. India's Population: A Positive Force? (12:15)
5. Internationalization of the Rupee (20:45)
6. Growing public debt (25:01)
7. India as a Developed Country by 2047? (31:04)
8. Will India get to Denmark? (34:18)
9. Question & Answers (37:21)
10.Closing Remark (1:04:00)
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The Indian Association of Investment Professionals (IAIP), the India Society of CFA Institute, was established in Apr 2005 as an association of local investment professionals consisting of portfolio managers, security analysts, investment advisors and other financial professionals.
As one of the over 158 CFA Institute member societies, the IAIP connects local CFA Institute members to a global network of investment professionals. For the continuing up-gradation of knowledge and skills of members, IAIP conducts speaker events, workshops led by leading finance professionals.
Пікірлер: 30
Great information from proper sources 👏 thank you for your great service
Mind blowing Dr Subba Rao Fantastic. You have laid out the future economic policy of India
I appreciate his unbiased views, purely on the experience and knowledge he has.....grt his humble ness and prompt ness...highly mature ,thx Subbarao...
Great speech. Very balanced and realistic.
Full marks to Shri Subba Rao 👏👏👏
Questions worth asking!! Insightful session...
Great information
Explained macroeconomics in an understandable language 👍👍😀
Thank you sir🙏
Balanced and insightful!
Thank You for this session..!
Awesome presentation
A wholesome coverage. Thank you!
Must understand the details to figure out what is likely to happen in future to be adequately prepared.dr rao ' explanation is par excellence and very articulate.thanks
Brilliant. Incisive session
excellent
Good analysis 😃
This is brilliant deserves more views
Great speech and insight.
Thanks sir
1:00:00 holding gold is negative? For who?
One of the Brilliant Econimst that our country ever produced
Knowledgeable talk by honourable Governor
Don't underestimate Aravind Panagariya as Mr Modi's government is here and everything is possible but it will take time as we are dealing with global economics not only local .
about 4-5 minutes before the end of interview, Dr. Subba Rao mentions "Gold Appreciates...", in reality gold doesn't appreciate much in relation to other financial assets (Equities or even fixed income these days), it is the currency (rupee) that depreciates as a result of which, in rupee terms, the value of gold appreciates. If you look in dollar terms ,the value of gold at its lowest since start of this century in Apr 2001 was USD 468.19 per ounce and today (in Apr 2024) it is USD 2285 per ounce, that is an annualised growth of just 7.1% and that is assuming you bought at absolute lowest and sold at absolute highest, anything in between means you didn't even beat inflation. But because in these 23 years rupee depreciated gold gave 9-odd percent annualised return in rupee terms, that is still less than 10% CAGR in 23 years (precise 9.85% CAGR). And yet people are crazy about gold. 🤦🏼♂
I liked Annamalai AI answer than this. What are the explicit policies government bring and still stay in power?
Dr Rao seems to be so out of depth when he talks about gold. His comments are shallow because of the limited context of Fiat dollar regime. In times to come the Gold reserves of a country would be its real worth as dollar looses the global status and looses value. He may be right .. but in a limited paradigm.
Excellent presentation by Dr. Rao whom Modi government must include in the council of economic advisors, not just a bunch of YES people around Mr. Modi!
7:56 Do not agree with subba rao here. Per capita GDP has nothing to do directly with poverty. Luxembourg has the highest per capita GDP so can we call it the richest country in the world? It's not even the part of G20. India's per capita will always remain lower comparatively unless the population reduces significantly.