Hi
Must Watch - Viral Acharya, DG of RBI - on the Past and Present of Bank Recapitalisation experiences of DMs and Recommendations for India. Very clear insights on what
was experienced in previous experiments and where they failed and how India has the opportunity to do it different.
I strongly believe that in many ways India since 2002 has had the opportunity to be different but has still towed the line of globalisation and walked the same path that many others have. Copy cat reforms and measures that mimic western models. We
always have the opportunity to do it differently because we were always behind the curve and the benefit of hindsight on other peoples experiences to improve upon. In some unusual ways that has made us lucky. Let us not waste that luck and opportunity to make a new India that we wish to live in.
It is not the knowledge of the Truth but the Will to do something new that has always held back
India. The sooner that Indians realise that more money is not = a better standard of living or lifestyle, as they are with their visit and exposure to global holiday destinations, the ''Brain Drain'' that was coming to an end will return. In fact I already see young adults again choosing to leave over staying back for this reason.
I digress - Enjoy this must watch video. It is not me speaking
its the RBI
