Rajendra Rasu | Monetary Standard and Poverty |

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Rajendra Rasu | Monetary Standard and Poverty | banner
Rajendra Rasu | Monetary Standard and Poverty |

Rajendra Rasu | Monetary Standard and Poverty |

@IndiaMmt

India Modern Monetary Theory, initiative of Rajendra Rasu, Research Fellow, Global Institute for Sustainable Prosperity https://t.co/dMaPDUMEZP

Chennai, India Katılım Aralık 2018
840 Takip Edilen1.2K Takipçiler
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Rajendra Rasu | Monetary Standard and Poverty |
Response to Dr Raghuram Rajan's post on monetization, in consultation with Warren Mosler @wbmosler in his words: Raghuram Rajan: monetization is neither a game changer in stressed times nor a catastrophe. It helps a little at the margin. 1/n
Ira Dugal@dugalira

Raghuram Rajan, the quintessential central banker-professor, is back. Explains the process and consequences of monetisation in detail in a LinkedIn post. “Monetisation Is Neither A Game Changer Nor A Catastrophe.” His views explained below 👇🏽 bloombergquint.com/coronavirus-ou…

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Supriya Shrinate
Supriya Shrinate@SupriyaShrinate·
State of Indian economy 101 Huge balance of payment crisis looms large Both Current Account & Capital Account have turned into deficit Rupee continues to fall relentlessly Net FDI has turned negative Listen in to 5 minutes of @ieuditmisra
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Arjun Rathore
Arjun Rathore@Oiarjunrathore·
why is China ahead of India even though both have almost the same population?
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Rajendra Rasu | Monetary Standard and Poverty |
@mxtaverse No, not yet. Still it could be revived. Depends on the next government or even a progressive State Government showing the way to great heights. x.com/IndiaMmt/statu…
Rajendra Rasu | Monetary Standard and Poverty |@IndiaMmt

@TheSincereDude It is all self-destruction. Not understanding our own strength and failure to put it to use. We have the largest real resources in the world and in no time, could be a manufacturing behemoth. But, nobody talks about that strength. papers.ssrn.com/sol3/papers.cf…

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Akshat Shrivastava
Akshat Shrivastava@Akshat_World·
PM Modi warns "return of massive poverty". Honestly, the time for criticism is over. We need to prepare for what happens next:- 1) Panic selling is not the solution. Don't panic. 2) If you can diversify, please diversity; especially new money you are making. 3) Buy some gold for hedging against INR fall. 4) Don't be pro or anti BJP/Congress. It gets us nowhere. 5) Policies will evolve at their own pace. Our goal is to survive. And, let our wealth survive. 6) Debating people on nationalism, babu culture etc is a sunken ship. Avoid. 7) Do simple things well: if you can use LRS, move some money abroad, do it. It is legal, regulated, no problem 8) Prepare: if you are in a volatile job, expect disruption. Try to save 6 months to 18 months of expense money. This is survival capital. 9) Be practical. No one is going to foot our bills or save our investments, we gotta do it ourselves. 10) Learn everything about: starting businesses, money management, etc. I am doing the same. Our skills and knowledge are our most durable assets, for ourselves and for saving our future generations.
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Maanmohan Singh Pahujaa
For years, whenever @RahulGandhi raised concerns about India’s economy, the ruling establishment mocked him, television studios dismissed him, and sections of the media projected him as someone who “doesn’t understand economics.” Yet, time after time, events have quietly proven him right. Two months ago, Rahul Gandhi warned that global instability, rising oil prices, weak domestic demand, and declining investor confidence would eventually hurt India badly. At the time, the government ecosystem dismissed those concerns. Today, even respected economic commentators are acknowledging the same dangers. In a striking interview, Indian Express Senior Associate Editor Udit Misra laid out the uncomfortable reality confronting the Indian economy. His observations expose the gap between the Modi government’s political messaging and the actual economic condition. The government is now asking citizens to reduce fuel usage, cut gold purchases, consume less edible oil, and “save forex.” But why has the burden suddenly shifted to ordinary Indians after years of claims that India is the “fastest growing major economy”? As Udit Misra explains, the problem did not begin with the West Asia conflict. The conflict merely exposed weaknesses building for nearly two years. Rahul Gandhi repeatedly warned about exactly this. He spoke about rising inequality, stagnant consumption, falling purchasing power, weakening small businesses, and an economy being managed through headlines rather than reforms. Instead of addressing those warnings, the government focused on perception management and PR. Today, the consequences are visible. The rupee has weakened sharply. Foreign investment is slowing. In several months, net FDI has turned negative, meaning Indian businesses are investing abroad more than foreigners are investing in India. Exports remain sluggish. Consumption is weak. And now, instead of announcing reforms, the government’s solution is to ask citizens to consume less. That is not confidence. That is crisis management. One of Udit Misra’s most important points is that the Modi government politicized the rupee itself. For years, the BJP attacked previous governments whenever the rupee weakened. But once in power, instead of accepting reality, the government tried to manage perception. The famous line “the rupee is not weakening, the dollar is strengthening”, became symbolic of an administration unwilling to acknowledge economic stress honestly. Whether it was unemployment, MSME collapse after demonetisation, distress after GST, weakening consumption, or concentration of wealth into a few hands, Rahul Gandhi raised these issues long before they entered mainstream economic debate. Now economists themselves are saying what Rahul Gandhi has been saying politically: India cannot sustain growth through slogans and publicity alone. Fuel prices may rise further. Imported goods will become costlier. Education abroad will become more expensive. Inflationary pressures will increase. Small traders connected to jewellery and retail will suffer. Rahul Gandhi had warned that global crises would expose India’s internal weaknesses. He argued that an economy built around event management rather than institution building eventually runs out of road. The real question India must ask is: Why has India, despite massive political centralisation and relentless publicity, failed to attract enough investment, strengthen exports, create broad-based prosperity, and build economic resilience? Because no amount of branding can permanently hide economic reality. And once again, Rahul Gandhi’s warnings are proving far closer to the truth than the government’s propaganda.
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Roshan Rai
Roshan Rai@RoshanKrRaii·
This is the most terrifying 5 minutes you will see today. We are literally living in a fake economic bubble created to shield the image of one man. We are so cooked.
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Salman Soz
Salman Soz@SalmanSoz·
The curious case of India's GDP data by Udit Misra in the @IndianExpress is really good and informative. Do read.
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Rajendra Rasu | Monetary Standard and Poverty |
@piyushchaudhry You don't need that. It is obvious that we're not using any of our strengths, being totally pulled down by the legacy economic practices and metrics which doesn't have any relevance to the present reality. x.com/IndiaMmt/statu…
Rajendra Rasu | Monetary Standard and Poverty |@IndiaMmt

@TheSincereDude It is all self-destruction. Not understanding our own strength and failure to put it to use. We have the largest real resources in the world and in no time, could be a manufacturing behemoth. But, nobody talks about that strength. papers.ssrn.com/sol3/papers.cf…

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RAHUL
RAHUL@RahulSeeker·
The problem is that the Government is neither willing to acknowledge the economic crisis nor ready to face difficult questions. Just listen to Indian Express Senior Associate Editor Udit Misra for 4 mins only.
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SANJAY HEGDE
SANJAY HEGDE@sanjayuvacha·
“Indian Express’s Udit Misra just filed the autopsy report: 🔴 Rupee: ₹86 → ₹96 in ONE year. Quietly. 🔴 Net FDI gone NEGATIVE; Indians building factories abroad because they don’t trust this government’s economy 🔴 BOTH current account AND capital account in deficit; simultaneously. First time. Ever. 🔴 Per capita income = ₹20,000/month. MOST Indians earn below even that. 🔴 Exports? Almost stagnant and flat; after 12 years of “make in India”, And Misra confirmed, the government KNEW this for 2 years. They hid it during elections. The call only came once votes were counted.”
Sincere Dibya@TheSincereDude

Modi asked you to eat less oil, skip gold, work from home. Sitharaman told you to eat out less and watch your expenses. BJP IT Cell told you “India is the fastest growing economy.” Meanwhile, Indian Express’s Udit Misra just filed the autopsy report: 🔴 Rupee: ₹86 → ₹96 in ONE year. Quietly. 🔴 Net FDI gone NEGATIVE; Indians building factories abroad because they don’t trust this government’s economy 🔴 BOTH current account AND capital account in deficit; simultaneously. First time. Ever. 🔴 Per capita income = ₹20,000/month. MOST Indians earn below even that. 🔴 Exports? Almost stagnant and flat; after 12 years of “make in India”, And Misra confirmed, the government KNEW this for 2 years. They hid it during elections. The call only came once votes were counted. This isn’t bad luck. This isn’t Iran. This isn’t Trump. This is what 12 years of suit-boot economics, crony capitalism, and GDP optics actually looks like underneath. Rahul Gandhi called it in July 2025: “Indian economy is DEAD.” The Indian Express just put the post-mortem report on the table. They didn’t mismanage the economy. They HID the mismanagement from you; until after you voted. That’s not incompetence. That’s a betrayal. 🇮🇳 💔

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Sincere Dibya
Sincere Dibya@TheSincereDude·
Modi asked you to eat less oil, skip gold, work from home. Sitharaman told you to eat out less and watch your expenses. BJP IT Cell told you “India is the fastest growing economy.” Meanwhile, Indian Express’s Udit Misra just filed the autopsy report: 🔴 Rupee: ₹86 → ₹96 in ONE year. Quietly. 🔴 Net FDI gone NEGATIVE; Indians building factories abroad because they don’t trust this government’s economy 🔴 BOTH current account AND capital account in deficit; simultaneously. First time. Ever. 🔴 Per capita income = ₹20,000/month. MOST Indians earn below even that. 🔴 Exports? Almost stagnant and flat; after 12 years of “make in India”, And Misra confirmed, the government KNEW this for 2 years. They hid it during elections. The call only came once votes were counted. This isn’t bad luck. This isn’t Iran. This isn’t Trump. This is what 12 years of suit-boot economics, crony capitalism, and GDP optics actually looks like underneath. Rahul Gandhi called it in July 2025: “Indian economy is DEAD.” The Indian Express just put the post-mortem report on the table. They didn’t mismanage the economy. They HID the mismanagement from you; until after you voted. That’s not incompetence. That’s a betrayal. 🇮🇳 💔
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Rajendra Rasu | Monetary Standard and Poverty |
"Beijing prepared TWO DECADES AGO", to face the attempts to choke off China’s energy imports. Any other country has that farsightedness? The whole world cried that China is building massive capacities blindly, but China stunned the world, by supplying at marginal cost.
Going Underground@GUnderground_TV

Prof. Zhang Weiwei: ‘China🇨🇳 is NOT AFRAID of US’🇺🇸 attempts to choke off China’s energy imports with wars on Venezuela and Iran, Beijing prepared TWO DECADES AGO.’ ‘China began to pursue this energy strategy since about two decades ago. As a result, today China’s energy dependency on foreign supply is at maximum 15%. As a result, China can cope with this crisis. So far, it’s okay. Unlike other countries in Asia or in Europe. 52% of energy comes from coal, but it’s already processed green coal, with new technologies. And 20% from renewable energies from green electricity and power, and then the rest from traditional oil and gas. Of this part around 70% is from foreign sources. Yet we have developed different ways of oil supply. Northern line from Russia, western line from Central Asia and the southern line from Myanmar, et cetera. So now the supply diversified. We also have this, very importantly, railway connection between China and Iran. It’s of huge importance for Iran.’ —Prof. Zhang Weiwei, Former Translator for Chinese Paramount Leader Deng Xiaoping, and Director of Fudan University’s China Institute Watch the full interview in the quoted post below👇

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.@LBGamestips·
SOMETHING FUNNY HAPPENED WHILE TRUMP WAS IN CHINA 🇨🇳 😂😂😂😂 So, the President of China 🇨🇳 Xi Jinping took President Trump 🇺🇸 to his garden to show him a 300-year-old trees during his visit Now, What trump didn’t realize is that President Xi 🇨🇳 didn’t show him 🇺🇸 that tree for nothing, he showed Trump 🇺🇸 that tree to tell him that even a tree is older than the foundation of the United States 🇺🇸 😭 Neither Trump 🇺🇸 nor US media understood the message, you now what Trump Did next? Trump told the translate to ask President Xi if he had brought any other president here. He wanted to feel special 😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭
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