Скачать или смотреть Why ₹2.5 Crore IIT Job Isn't Always Best for Indian Economy - Dr. Mrunal Patel

1. ✍🏻 Join Prelims + Mains Coaching from ₹12,799: https://unacademy.com/goal/upsc-civil...
2. 🔠 only Prelims Powerhouse- 9,999/- (incl. GS+CSAT) https://unacademy.com/goal/upsc-civil... (🔖discount Code: 'Mrunal.org')
3. 📘 Amazon pe Mrunal’s Economy Book: https://amzn.to/3Jb5rf7
4. 📆 Free Annual economy updates Win25: Mrunal.org/win25
5. 💾 Free Download the topicwise PYQ paperset, monthly current affairs magazine, & more from https://unacademy.com/content/upsc/do...

Timestamps:
0:00 - IIT Hyderabad 2 Cr Package
0:30 - Individual vs Society Benefits
1:00 - Job Profile in Algo Trading
1:30 - Over-Financialization
2:00 - SEBI on F&O Losses
2:30 - IIT Director on Mfg
3:00 - PLI Scheme
3:30 - Student Suicides in IITs
4:00 - Inequality in Salaries
5:00 - Ethical Concerns in Finance
5:30 - Socialism
6:00 - UPSC Essay Writing Tips
7:00 - Daily Newspaper Advice
7:30 - Unacademy Batch Promo

Video Description:
In this insightful lecture, renowned UPSC Educator and Economy Subject Expert Dr. Mrunal Patel dives into a recent news story from The Hindu newspaper about an IIT Hyderabad student securing a ₹2.5 crore campus placement package. While this achievement seems impressive for the individual, Dr. Patel explores its broader implications for society, drawing from the UPSC essay topic: "What is best for the individual is not necessarily best for society."
Dr. Patel explains the job profile likely involves developing software for algorithmic trading, quantitative models, and derivatives in the futures and options (F&O) market for international firms like Jane Street. He highlights how this contributes to over-financialization, where India's stock market valuation exceeds GDP by 140%, creating an economic bubble. Referencing SEBI's research, he notes that 9 out of 10 retail investors lose money in F&O trading, with profits flowing to large firms that manipulate markets—evidenced by a ₹4,800 crore scam where penalties were paid without halting operations.
The lecture critiques how top talents from IITs are drawn to air-conditioned finance jobs over manufacturing roles, as stated by IIT Roorkee Director Prof. Kamal Kishore. This shift hinders India's ambition to become a manufacturing powerhouse, especially when schemes like Production Linked Incentive (PLI) for companies like Apple are subsidy-dependent and vulnerable to global shifts, such as U.S. tariffs under Trump.
Dr. Patel addresses societal pressures, citing Hindustan Times reports of 25 IIT student suicides since 2021 due to academic stress for high CGPA and placements. He discusses rising inequality, comparing U.S. CEO-worker salary ratios (4:1 acceptable) to India's gaps, where even adjusted for taxes and costs, such packages exacerbate disparities—workers earn far less than a quarter of these sums.
Ethically, he questions if these salaries, funded by retail investors' losses, are moral. While acknowledging merit from cracking tough IIT entrances, he warns against extreme equality like in USSR's collective farming (from NCERT Class 11), where lack of motivation led to inefficiency under socialism or communism.
For UPSC aspirants, Dr. Patel shares essay-writing tips: expand answers with historical examples, current affairs from newspapers, to meet 1,000-1,200 word limits. He advises daily newspaper reading and half-page note-taking to build content for GS papers (250 words for 15-mark questions) and essays.
This video benefits job aspirants preparing for competitive exams like UPSC, SSC-CGL, State Services (StatePSC), Banking, IBPS, RBI, CAPF, CDS, ACIO, APFC, and more. Join Unacademy's batches for beginners and repeaters at the lowest price starting from ₹12,999. Get comprehensive coverage of GS, CSAT, Prelims theory, current affairs, NCERT, live classes, answer writing evaluation, and more in one subscription. Over 30 learners cracked UPSC last season with Unacademy's online offerings—add mock tests for even better results. Enroll early via the link in the description to finish syllabus faster and focus on revision. Use coupon code "Mrunal.org" for discounts.

SEO Tags:

IIT placement package, UPSC essay topics, stock market financialization, algo trading India, manufacturing powerhouse, SEBI F&O research, IIT student suicides, economic inequality India, Dr Mrunal Patel lectures, UPSC preparation tips, competitive exams economy, Unacademy courses, coupon code Mrunal.org