Overlooked is the source of disparity and of the failure of entrepreneurship to prosper (the creditor ending up the owner). This course is the fact that purchasing power is swallowed up by payment of principal and compound interest. This net interest drain is the cause of recession and inequality. Unfortunately the lenders and bond holders profit from deflation and thus benefit from destructive exaction net of purchasing power from the Indian economy. All nations are in this trap.
INDIA should use a mix of CAPITALISM (growth), and Socialism (to prevent POVERTY and poor people from being left out.)
Poor people should have a MINIMUM WAGE, guaranteed income (like in USA), and public schools have to be high class and better than private schools, so that poor people will have the opportunity to educate and become more doctors and engineers contributing to the COUNTRY.
Chanda Kochhar is right we have to share the growth of India to all Indian peoples irrespective of whether it is FDI led growth or Entrepreneur led growth. If India want to get Geographical Dividend in future then India have to invest lots of money in 'skill development' and education..
Overlooked is the source of disparity and of the failure of entrepreneurship to prosper (the creditor ending up the owner). This course is the fact that purchasing power is swallowed up by payment of principal and compound interest. This net interest drain is the cause of recession and inequality. Unfortunately the lenders and bond holders profit from deflation and thus benefit from destructive exaction net of purchasing power from the Indian economy. All nations are in this trap.
oldickeastman 2 months ago
good discussion, thank god they had a smart woman on the panel keeping it on track!
supriya55 3 months ago
LOL!! Zhu Min!!
Chinasucksbigtime 4 months ago
example of china cited by chanda kochar is not correct. there is huge disparity between rural and urban china financial growth.
pati6882 8 months ago
INDIA should use a mix of CAPITALISM (growth), and Socialism (to prevent POVERTY and poor people from being left out.)
Poor people should have a MINIMUM WAGE, guaranteed income (like in USA), and public schools have to be high class and better than private schools, so that poor people will have the opportunity to educate and become more doctors and engineers contributing to the COUNTRY.
Sasukekillsitachi 10 months ago
how you made a video so long`??
Ceicenboy 1 year ago
the meetings subject was very good and all the people are good at their place. Ms. chanda's view on this subject was best
pournimarelekar19 1 year ago
Chanda Kochhar is right we have to share the growth of India to all Indian peoples irrespective of whether it is FDI led growth or Entrepreneur led growth. If India want to get Geographical Dividend in future then India have to invest lots of money in 'skill development' and education..
Karan40a 1 year ago