4 ms·
https://www.youtube.com/watch?v=kfAEgdri6C4 https://www.youtube.com/watch?v=kfAEgdri6C4 https://economictimes.indiatimes.com/news/economy/policy/the-world-cann
by ummonk 4y ago
https://www.youtube.com/watch?v=kfAEgdri6C4 https://www.youtube.com/watch?v=kfAEgdri6C4
https://economictimes.indiatimes.com/news/economy/policy/the-world-cannot-afford-india-to-follow-chinas-manufacturing-growth-model-says-raghuram-rajan/articleshow/94890414.cms https://economictimes.indiatimes.com/news/economy/policy/the...
He's been pretty explicitly against manufacturing-led growth and in favor of services-led growth. And indeed "make for India" strategy would mean India remains a net manufacturing importer as it makes some goods for itself and imports others, without any exports to balance out the goods it cannot produce.
- pkd 4y agoI am not sure your sources are in disagreement with what I said. You are hypothesizing a situation where only manufacturing exports can balance out manufacturing imports, but that is not true - we gain capital from service exports also. It is fine to disagree with him, but your logic isn't sound. I personally also think India needs more industrialisation but that's not in conflict with what Rajan is saying.