Raghuram Rajan on U.S. Recession Fears, Market Volatility, and Impact on India https://www.youtube.com/watch?v=foaRCEr3OPM the recent volatility in global markets. August began with a significant downturn as the U.S. seemed dangerously close to a recession, and the Fed was expected to make six rate cuts over two years. However, just weeks later, stock indexes are nearing all-time highs, the economy appears strong, and the Fed is now expected to cut rates much more slowly. Amid all this uncertainty, what's the real state of the U.S. and global economy, and how does it affect India?
jobless growth is bad but jobs without growth is also not sustainable.
this year's guidance from The Reserve Bank is 7.2
but I would look at the quality of that growth and that is why the jobs issue becomes really important. we've had very Capital intensive growth in in our manufacturing sector ..and the labor intensive segments are not..
the China plus one flows why is it that they're not creating many more textile jobs many more leather jobs.
I would focus much more on growth quality . I would focus on creating the foundations for strong sustainable growth in the future which means much more investment in education skill building health care so that our human capital is ready for anything.