संवाद # 67: Dr Prasanna Tantri explains why loan write offs are a good thing, Modi’s biggest reform

Dr Prasanna Tantri is an Associate Professor in the Finance area and Executive Director of the Centre for Analytical Finance at ISB. His research areas include- banking, financial inclusion, financial contagion, regulation, and the relationship between politics and finance. He teaches a course on Indian financial systems.

0:00 India, the 5th largest economy
2:14 Is 13.5% GDP growth good enough?
4:33 The chances of Rupee collapsing
6:43 Why India’s imports have skyrocketed
8:20 Why India’s exports are in trouble
9:50 US is creating a recession to tame high inflation
11:17 What Indian govt did right during Covid
14:58 Growth in Modi 2.0 is good because of reforms of Modi 1.0
16:47 The fraud budgets of P Chidambaram
20:51 Producing states have benefited HUGELY from GST regime
24:31 What Modi govt shouldn’t do
25:22 Tough to cut GST rates because of increase in subsidies
27:34 How much loss in growth India suffered due to demonetisation
31:18 How Modi’s tax cuts for corporates led to higher tax collection
46:57 Loan write offs by Banks Are A Good Thing!
51:09 42% defaulters are facing criminal cases - This never happened before
52:27 Loan write off DOESN’T MEAN Loan Waiver
55:45 Modi govt has already recovered 50% of loans that were written off!
56:53 Difference between Revadi & empowerment
58:38 Sri Lanka-like situation in Punjab?
1:02:04 Punjab isn’t Delhi where Centre pays for lot of things
1:05:00 How all state governments scam power discoms and force them into debt
1:07:41 Biggest reform of Modi government that no one has heard of yet