India
Prannoy Roy’s Townhall With Experts On Farmers’ Protest, Economy: Highlights
In this second part of four Townhalls on post-pandemic India, Prannoy Roy discusses farmers’ protest and economy with Raghuram Rajan and Kaushik Basu, as well as the Nobel Prize winners Paul Milgrom, Michael Kremer and Abhijit Banerjee. The panel will also take a close look at the Union Budget, and in particular, on the word privatisation. The panel will also discuss the importance of global ratings.
Here are the highlights of Prannoy Roy’s show:
“I have never been a big votary of zero tariffs, but as one constantly fidgets with the prices, there’s the discouragement of the exporters; we should commit to a very clear landing path for tariffs”: Abhijit Banerjee, Winner, Nobel Prize 2019
“We want to restart investment, and it is stuck across the economy”: Abhjeet Banerjee
“The Budget takes a very clear view of what it wants to do. It may or may not get there, but I think clarity is a good first step. It’s very much a supply-side Budget”: Abhijit Banerjee, Winner, Nobel Prize 2019
Raghuram Rajan, Former RBI Governor, on Indian economy: “Our growth performance is probably going to be better than what the budget presumes; the buoyancy in taxes is also going to be higher than what the budget presumes.”
#NDTVTownhall | “We don’t expect video meetings to replace everything, but we expect it is going to be easier to work with people in more distant parts of the world”: Paul Milgrom, Winner, Nobel Prize 2020 pic.twitter.com/OV4tTXBY6a
– NDTV (@ndtv) March 4, 2021
Is it a Budget with greater clarity?
Raghuram Rajan: I think this Budget has been more careful in both recognizing some of the off balance sheet items, such as the Food Corporation of India sort of spending, but also being a little more modest in its projections, so much so that if we don’t see a recurrence of the virus, etc, and for every country, it’s always modulo the virus.
“We are going to have, you know, there’s a whole range of, we already have shipments and logistics being drastically improved because everything is being tracked. We’ll have time of day pricing for electricity. We’ll have all sorts of things where instant communications, among things, make them operate better and more efficiently. And that’s the promise of 5G. It’s not so much just faster download speeds for your movies or something”: Paul Milgrom
“We’ll have all sorts of things where instant communications, among things, make them operate better and more efficiently; that’s the promise of 5G”: Paul Milgrom, Winner, Nobel Prize 2020
