Raghuram Rajan at ISB: On India's assets, challenges, and idea of 'developed, rich India by 2047'

Catch Raghuram Rajan, former governor of the Reserve Bank of India in conversation with Professor Bhagwan Chowdhry as they discuss Rajan’s latest book, ‘Breaking the Mould: Reimagining India's Economic Future’, co-authored with economist Rohit Lamba.

In this freewheeling chat, Raghuram Rajan underlines some key strategies that can spur India’s growth and emphasises on the need to invest in human capital building.

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Introduction (00:00)
How well is the government implementing its growth plans (00:47)
Infrastructure development in India (2:32)
Direct Benefit Transfers (4:01)
Of smart cities and demonetisation (5:13)
Understanding the Global Supply Chain with the Smile Curve (6:15)
The manufacturing fetishism (10:38)
Prioritise building a high-quality education system (13:59)
Manufacturing vs services (17:11)
Unemployment vs lack of skilled workforce (20:21)
Investing in human capital (23:30)
Improving manufacturing in India (27:16)
Wage differential between India and China (30:52)
Democracy/autocracy and economic growth (33:45)
Decentralisation for growth (37:34)