• India's Road to $10 Trillion Economy with Subhash Garg Former Secretary of Economic Affairs
    Nov 21 2024

    Why does 50% of India’s workforce remain in agriculture while the U.S. has just 2%?

    Despite all those hands in the soil, the sector contributes just 15-18% to the GDP.

    While countries like the U.S. and Europe shifted quickly from agriculture to industry, India's progress was pretty slow. So, is it too late for India to catch up and move on from agriculture?

    Although India did build textile mills and steel plants, its industrialization lagged behind faster-growing Asian economies like Japan, South Korea, and China, which aggressively pursued manufacturing.

    So, what happened?

    Well, India’s focus remained on agriculture, missing the chance to build a strong industrial base that could absorb its large agricultural workforce. But there’s a new hurdle—manufacturing isn’t the job creator it once was.

    Experts like Subhash Garg argue India may have missed the industrialization train. With automation reducing labour needs, ramping up manufacturing might not create enough jobs for India’s vast workforce.

    In this episode of The Neon Show, Subhash Garg, former Secretary of Economic Affairs, shares his unique perspective on India's economic ambitions and the journey toward the $10 Trillion Dream.

    Check out Subhash Garg's book, We Also Make Policy : An Insider's Account of How the Finance Ministry Functions, https://www.amazon.in/We-Also-Make-Policy-Functions/dp/9356994714

    Timestamps
    00:00 - Trailer
    01:25 - Subhash Garg’s background in economic affairs
    03:27 - Why has India's "10 Trillion Dollar Dream" dented
    10:04 - India’s current GDP
    12:50 - Need to shift labour from agriculture to high-value sectors
    16:48 - Why India missed industrialisation
    20:26 - The global manufacturing train left—and India missed it
    21:55 - Why should you invest in services for real growth
    26:55 - Sports, gaming, and entertainment are hidden gems for rural jobs
    29:54 - Why is agriculture unreformed
    31:34 - The impact of subsidies: is it a dead-end for farmers?
    36:47 - Garg explains GDP with the “potato chip” example
    42:42 - Why is farmers’ share of the final product small
    47:10 - India’s manufacturing needs a tech boost
    48:22 - Why India’s PLI schemes aren’t hitting their targets
    52:58 - How India’s service sector thrived due to minimal regulation
    1:01:57 - Garg’s positive take on brain drain
    1:10:10 - Millionaires on the move
    1:11:50 - Support for short sellers as market correctors
    1:13:12 - Announcement of Garg's book, expected in October
    -------------
    Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys.

    Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes.

    We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings.
    -------------
    Check us out on:
    Website: https://neon.fund/
    Instagram: https://www.instagram.com/theneonshoww/
    LinkedIn: https://www.linkedin.com/company/beneon/
    Twitter: https://x.com/TheNeonShoww

    Connect with Siddhartha on:
    LinkedIn: https://www.linkedin.com/in/siddharthaahluwalia/
    Twitter: https://x.com/siddharthaa7
    -------------

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    1 hr and 14 mins
  • How PolicyBazaar Became No. 1: Yashish Dahiya on Execution, Aspiration and Risk Taking
    Nov 15 2024

    In India, financial security often seemed just out of reach, especially when it came to insurance. For many, insurance was complex, filled with hidden terms, and often mis-sold.

    That’s exactly what happened when an engineer-turned-consultant discovered that his father had been duped by insurance agents into purchasing a policy that was both confusing and overpriced.

    Instead of just shrugging it off, this experience sparked an idea: why not create a platform where people could get straightforward, honest information about insurance?

    So in 2008, Yashish Dahiya, along with co-founders Alok Bansal and Avaneesh Nirjar, launched Policy Bazaar.

    Today, Policy Bazaar has grown into India’s largest insurance aggregator, with an annual run rate of 100 million visitors.

    In 2022, The platform accounted for 93% of online insurance sales in India, holding 25% of the country’s life insurance cover and 7% of retail health insurance cover.

    In this episode of The Neon Show, Yashish Dahiya, co-founder and Chairman of Policy Bazaar, shares his journey of building India’s leading online insurance platform.

    Drawing from personal experiences, including his family’s army background, Yashish explores the challenges of creating financial security for India’s middle class, when not taking risk is the biggest risk and the HUGE India opportunity.

    Timestamps
    00:00 - Trailer
    01:18 - introducing Yashish Dahiya
    02:18 - Policy Bazaar’s rise as India’s top online insurance platform
    03:26 - India’s rising costs and financial aspirations
    05:11 - Sanjeev Bikhchandani’s early investments in Policy Bazaar
    06:43 - India’s economy as a mix of Bahrain, UK, Brazil, and Africa
    07:49 - Financial inclusion across India’s diverse social structure
    11:53 - Why does mass class movement happen
    16:20 - Institutional strengths drive GDP
    19:38 - Why Policy Bazaar outperformed its competitors
    25:22 - Daily discipline and the importance of consistent execution
    28:36 - How Yashish built team trust and values at Policy Bazaar
    31:38 - Things changed when I got married
    33:40 - Managing family life across India and the UK
    36:36 - Why the value system is important
    41:48 - What is stress exactly for an entrepreneur
    46:18 - Sanjeev view on Policy Bazaar
    49:40 - Policy Bazaar’s vision for social impact
    53:58 - Consistent values pre-and post-IPO
    57:33 - Why did Policy Bazaar go public
    -------------
    Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys.

    Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes.

    We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings.
    -------------
    Check us out on:

    Website: https://neon.fund/
    Instagram: https://www.instagram.com/theneonshoww/
    LinkedIn: https://www.linkedin.com/company/beneon/
    Twitter: https://x.com/TheNeonShoww

    Connect with Siddhartha on:
    LinkedIn: https://www.linkedin.com/in/siddharthaahluwalia/
    Twitter: https://x.com/siddharthaa7
    -------------
    This video is for informational purposes only. The views expressed are those of the in

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    1 hr and 1 min
  • The Story Behind India’s High Growth Years with Montek Singh Ahluwalia former Deputy Chairman Planning Commission
    Nov 8 2024

    Ever heard of the M Document?

    Montek Singh Ahluwalia, an economist in govt of India, saw that India needed to make some big changes to keep up. So, he started working on what would become the M Document.

    The M Document suggested bold reforms. Many government officials thought these ideas were too radical.

    Then, something unexpected happened: the M Document got into the hands of journalist Ashok Desai, who saw its potential, and gave it the now-famous name, the M Document.

    Even though the document was just meant for internal review, the leak sparked public debate on how India’s economy could be modernized.

    Though it didn’t lead to immediate changes, the M Document planted seeds that grew in a few years.

    In this episode of the NEON Show, Montek Singh Ahluwalia, a renowned economist and former Deputy Chairman of India's Planning Commission, shares insights from his pivotal role in shaping the 1991 economic reforms and reveals the behind-the-scenes story of the influential "M document" and how it ultimately shaped India’s approach to liberalisation.

    Check out Montek Singh Ahluwalia’s book, BACKSTAGE: The Story behind India’s High Growth Years, https://www.amazon.in/BACKSTAGE-Story-behind-Indias-Growth-ebook/dp/B084P4Y3VW/

    Time stamps

    00:00 - Introduction to Mr. Montek Singh Ahluwalia
    01:04 - Early life and family’s experience post-partition
    05:11 - Winning the Rhodes Scholarship
    06:14 - Early career at the World Bank
    07:15 - Returning to India as an economic advisor
    09:02 - Washington invitation and Planning Commission role
    13:02- 1991 economic reforms
    18:40 - Committees for economic reform
    22:00 - High import controls as an economic issue
    26:34 - Challenges in policy reform
    28:38 - V.P. Singh asks Montek to write the document”?
    31:36 - How did the “M document" leak
    38:40 - Maruthi engine block story
    48:35 - SEBI and financial system reforms
    58:25 - Moving past the “Tonga mindset.”​
    1:01:20- Why controlled imports are tax on exports
    1:09:00 - How do exchange rates impact imports and exports?
    1:12:04 - Discovery of Roman gold coins in South India
    1:16:50 - Narayana Murthy’s import struggles
    1:22:25 - Politicians should openly support beneficial policies
    1:32:55 - Montek’s vision for India’s next decade
    1:39:58 - Final thoughts on India’s future
    -------------
    Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys.

    Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes.

    We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings.
    -------------
    Check us out on:

    Website: https://neon.fund/
    Instagram: https://www.instagram.com/theneonshoww/
    LinkedIn: https://www.linkedin.com/company/beneon/
    Twitter: https://x.com/TheNeonShoww

    Connect with Siddhartha on:
    LinkedIn: https://www.linkedin.com/in/siddharthaahluwalia/
    Twitter: https://x.com/siddharthaa7
    -------------
    This video is for informational purposes only. The views expressed are those of the individuals quoted and do not constitute professional advice.

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    1 hr and 50 mins
  • SANJEEV SANYAL On India's East-West Divide, Best States & How India Works
    Nov 1 2024

    After India’s big economic shift in 1991, each state grew at different rates—but they didn’t all get there at the same speed.

    Western and southern states saw major benefits, while many in the east and north struggled to keep up. In fact, by 2021-22, the per capita income in the top five states was 3.3 times higher than in the bottom five—a clear sign of the widening divide.

    So, what does this uneven growth look like?

    In the 1960s, Uttar Pradesh, Maharashtra, and West Bengal were leading India's economy with contributions of 14.4%, 12.5%, and 10.5% of GDP, respectively. Today, Uttar Pradesh's share has fallen to 8.4%, and West Bengal's to 5.6%, but Maharashtra remains a top contributor.

    Gujarat's share grew from 6.4% in 2000-01 to 8.1% in 2022-23, driven by strong industry and urban centres. Southern states like Karnataka, Telangana, Tamil Nadu, and Kerala now make up about 30% of India's GDP, boosted by cities like Bengaluru and Hyderabad.

    In this NEON Show episode, economist and policy advisor Sanjeev Sanyal discusses India’s economic journey and why growth has been so uneven across states. He explains why some regions have surged ahead while others have lagged behind, touching on the role of anchor cities and old policies like the Freight Equalization Policy that held back Eastern states.

    Time stamps
    00:00 - Trailer
    02:40 - Banking Reforms and Creative Destruction
    03:20 - Process vs. Structural Reforms
    05:33 - Bureaucratic Challenges Affect Efficiency
    14:09 - Autonomous Bodies and Obsolete Institutions
    16:02 - Is it time to rethink outdated National Monuments?
    26:06 - What Does Data Reveal About Indian States
    35:03 - Did “Freight equalization” Rob Kolkata of its Competitive edge?
    36:25 - East vs. West: Is this India’s true economic divide?
    37:32 - Southern and Western India's Success
    42:42 - High Growth States Rely on Anchor Cities
    44:01 - Reviving Kolkata and Eastern India
    45:12 - Local policies that can make or break state economies.
    49:11 - Tourism Has Made Sikkim and Goa Economic Stars.
    53:35 - India Needs to Modernize the Shipping Sector
    01:00:36 - India Needs a Healthy Clash of Ideas
    ------------
    Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys.

    Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes.

    We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings.
    -------------
    Check us out on:
    Website: https://neon.fund/
    Instagram: https://www.instagram.com/theneonshoww/
    LinkedIn: https://www.linkedin.com/company/beneon/
    Twitter: https://x.com/TheNeonShoww

    Connect with Siddhartha on:
    LinkedIn: https://www.linkedin.com/in/siddharthaahluwalia/
    Twitter: https://x.com/siddharthaa7
    -------------
    Sponsor shout out
    Looking to build a differentiated tech startup with a 10X better solution? Prime is the high conviction, high support investor you need. With its fourth fund of $120M, Prime actively works with star teams to accelerate building great companies. To know more, visit https://primevp.in/
    -------------
    This video is for informational

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    1 hr and 9 mins
  • GEOPOLITICS SPECIAL: Former MEA Secretary On India-US Relations, Pakistan's Decline & Bangladesh
    Oct 27 2024

    The breakup of the Soviet Union in 1991 was a game-changer for India, shaking up its economy, defence strategy, and foreign relations.

    For years, the USSR had been India’s largest trading partner, pumping in vital support through the rupee-ruble trade agreement. But then, December 25, 1991, arrived, and the Soviet Union collapsed.

    While the Soviet Union’s collapse seemed like a disaster at first, it actually pushed India to evolve—fast.

    In this episode of The NEON Show, a former diplomat with a 36-year career in the Indian Foreign Service, Rajiv Sikri examines India’s complex ties with neighbouring countries exploring issues like Kashmir, economic interdependence, and political dynamics. He also sheds light on the impact of global powers, especially the US and China, on India’s strategic choices.

    Check out Rajiv Sikri’s book Strategic Conundrums: Reshaping India's Foreign Policy: https://www.amazon.in/Strategic-Conundrums-Reshaping-Indias-Foreign/dp/0143464574
    -------------
    Timestamps
    00:00 -Host Siddharth Ahluwalia introduces The Neon Show.
    00:43 - Pakistan, Bangladesh, Afghanistan.
    01:04 - Pakistan’s economic/political issues.
    05:06 -Pakistan's ties with the West, China, and the military's role.
    08:40 -Kashmir conflict and India-Pakistan relations.
    12:06 - Pakistan's internal political dynamics.
    15:24 - Bangladesh's identity and India relations.
    18:00 - India-Bangladesh economic interdependence.
    26:06 - India’s strategic geographic position.
    29:52 - India’s foreign policy after the Berlin Wall’s fall.
    33:40 - Economic impacts and India-US relations.
    37:52 - US-Russia relations and the Ukraine conflict.
    42:12 - Russia-Ukraine war’s effect on India.
    48:16 - US dominance and unilateral actions post-1989.
    52:04 - Challenges to US hegemony.
    56:00 - India-US relations amidst strategic concerns.
    1:01:20 - BRICS and global multipolarity.
    1:04:40 - Dollar dependency and US financial power.
    1:08:20 - Concluding thoughts on India’s foreign policy.
    -------------
    Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys.

    Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes.

    We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings.
    -------------
    Check us out on:
    Website: https://neon.fund/
    Instagram: https://www.instagram.com/theneonshoww/
    LinkedIn: https://www.linkedin.com/company/beneon/
    Twitter: https://x.com/TheNeonShoww

    Connect with Siddhartha on:
    LinkedIn: https://www.linkedin.com/in/siddharthaahluwalia/
    Twitter: https://x.com/siddharthaa7
    -------------
    Sponsor shout out
    Looking to build a differentiated tech startup with a 10X better solution? Prime is the high conviction, high support investor you need. With its fourth fund of $120M, Prime actively works with star teams to accelerate building great companies. To know more, visit https://primevp.in/
    -------------
    This video is for informational purposes only. The views expressed are those of the individuals quoted and do not constitute professional advice.

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    1 hr and 17 mins
  • How Investing Legend Mark Mobius Built a Fortune in Emerging Markets
    Oct 23 2024

    From Baker's Son to Global Investment Legend.

    Mark Mobius is known as a foundational figure in emerging markets investing. He is the chairman of Mobius Emerging Opportunities Fund. Before that, he led the Templeton Emerging Markets Group for over 30 years, during which the group's assets under management grew from $100 million to over $50 billion.

    In this episode of The NEON Show, Mark shares his rules for wealth creation, why India is his top investment pick, his reasons for pulling investments out of China, what keeps him at the top of his game at the young age of 87, two ways to lose money fast, and why understanding art and creativity is more important than finance when it comes to making money.

    Connect with Mark Mobius
    LinkedIn | Twitter

    To learn more from Mark check out his The Book Of Wealth
    -------------
    Timestamps
    00:00 - Trailer
    00:00 - Early Lessons in Money & Creativity
    04:13 - Becoming a Professional Student
    05:43 - The Road to Mark’s First Million
    08:04 - The First Emerging Markets Fund
    11:03 - To Make Money Don’t Focus on It
    12:38 - Making 10 Million Dollars
    14:20 - Mark’s Early Investment Assets
    15:56 - Power of Compounding: Reaching $100 Million
    16:51 - Mark’s Success with Investing in Asia
    19:22 - Why Mark is Not Bullish on China
    22:44 - How Mark Invests in India
    25:01 - Why Mark is Bullish on Taiwan
    25:56 - Mark’s 3 Reasons to Invest in India
    28:19 - When will India Surpass China?
    30:51 - From Emerging Markets to Emerging Opportunities
    32:37 - It’s All About Liquidity
    34:27 - Mark’s Principles of Wealth Creation
    35:49 - How Mark Invests in Startups
    37:33 - How Not to Lose Money
    38:43 - Make Friends & Learn From Them
    39:38 - What Mark Learned From John Templeton
    40:54 - Why Invest in Emerging Markets
    42:10 - Who are the Best Political Leaders
    42:50 - Why Mark Shifted to Dubai
    44:02 - No Recession Anytime Soon
    -------------
    Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys.

    Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes.

    We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings.
    -------------
    Check us out on:
    Website | Instagram | LinkedIn | Twitter

    Connect with Siddhartha on:
    LinkedIn | Twitter
    -------------
    Sponsor shout out
    Looking to build a differentiated tech startup with a 10X better solution? Prime is the high conviction, high support investor you need. With its fourth fund of $120M, Prime actively works with star teams to accelerate building great companies. To know more, visit https://primevp.in/
    -------------
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    46 mins
  • India Can be a $55 Trillion Economy by 2047 with Krishnamurthy Subramanian Executive Director IMF
    Oct 19 2024

    In 1947, India gained independence with a per capita of around $2000(adjusted with inflation).

    But over the next few decades, the govt adopted socialist policies, emphasising self-sufficiency and state-led development. As a result, India’s economy grew at a slower pace of 3.5% per year.

    In 1991, India introduced a series of reforms— liberalisation, privatisation, and globalisation. India’s growth rate picked up, and by 2023, India’s per capita GDP was back to $2,600, driven by market-friendly policies and increased global trade.

    In this episode of the NEON Show, Krishnamurthy Subramanian, Executive Director at the IMF, explains how India can become a $55 trillion economy by 2047.

    To learn more read India @100 : Envisioning Tomorrow’s Economic Powerhouse

    Connect with Krishnamurthy Subramanian
    Linkedin | Twitter
    ---------
    Timestamp
    01:20 – The power of compounding in GDP
    04:55 – Chess game story that explains the power of compounding
    06:19 – Rule of 72 to understand how money doubles
    09:06 – How India will become a $55 trillion economy by 2047
    12:33 – Thalinomics to understand inflation
    14:20 – What is money in economic terms?
    17:22 – Why was the inflation-targeting regime introduced post-1991?
    20:30 – Inflation's effects on currency
    26:42 – How does a currency react to economic shocks?
    30:34 – India’s GDP in 1947 vs today
    31:28 – How socialist policies potentially held India back
    34:40 – Capitalism has always been in India's DNA
    44:31 – How socialist policies have hurt Indian farmers
    57:22 – Is agriculture a state subject?
    59:59 – How India's growth is linked to productivity
    01:09:30 – China’s GDP vs India’s GDP
    01:16:48 – Why India is a top investment destination
    01:26:10 – Indian startups should innovate differently
    -------------
    Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys.

    Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes.

    We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings.
    -------------
    Follow Neon:
    Website | Instagram | LinkedIn | Twitter

    Connect with Siddhartha:
    LinkedIn | Twitter
    ------------
    Sponsor shout out
    Looking to build a differentiated tech startup with a 10X better solution? Prime is the high conviction, high support investor you need. With its fourth fund of $120M, Prime actively works with star teams to accelerate building great companies.
    To know more, visit primevp.in
    ------------
    This episode is for informational purposes only. The views expressed are those of the

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    1 hr and 31 mins
  • How 24 July 1991 Changed India | Senior Journalist On Corruption, GST, Demonetisation, Rajiv Gandhi
    Oct 12 2024

    How the 1991 crisis got India to rethink its economic approach.

    By early 1991, India’s reserves were nearly gone.

    The government took a desperate step—it sent 67,000Kg of gold abroad to secure a loan from the IMF.

    This was a last-ditch effort to avoid default, but it only bought a little time. But soon, the govt collapsed again, leading to a new election.

    In June 1991, P.V. Narasimha Rao became Prime Minister, and he chose Manmohan Singh as his Finance Minister— and things changed.

    Rao and Singh quickly implemented reforms: they removed restrictive licensing, welcomed foreign investment, and eased machinery imports.

    The 1991 crisis forced India to rethink its economic approach—it highlighted the risks of heavy borrowing and too much government control. But it also showed that when things get tough, bold decisions can turn a bad situation into an opportunity.

    In this episode of the NEON Show, Rajrishi Singhal, a senior journalist, banker, shares his deep insights into India's economic reforms and financial sector. Singhal offers a nuanced perspective on why India's economic progress hasn't met expectations, touching on issues from private sector investment to the success of reforms during coalition governments.
    -------------
    Timestamp

    00:00 - Introduction to the podcast and guest, Rajrishi Singhal.
    01:23 - Corruption in India and its impact on the economy
    05:30 - how demonetization was not to take out corruption
    07:06 - Rajiv Gandhi was the original ‘Accidental Prime Minister’
    12:29 - What pushed us into the 1991 crisis
    14:45 - Raids on reliance industries
    18:57 - How India almost went bankrupt
    21:45 - Complexities of India’s banking system
    19:15 - What are regional rural banks (RRBs)
    25:26 - Corruption's impact on investments.
    28:41 - Why doesn't India have more new banks
    32:00 - Why private sector investments in India have been limited
    34:25 - Success of reforms during coalition governments
    40:26 - Foreign investors' concerns about sudden policy changes in India
    41:26 - Impact of demonetization on the Indian economy
    -------------
    Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys.

    Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes.

    We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings.
    -------------
    Check us out on:

    Website: https://neon.fund/
    Instagram: https://www.instagram.com/theneonshoww/
    LinkedIn: https://www.linkedin.com/company/beneon/
    Twitter: https://x.com/TheNeonShoww
    -------------
    Looking to build a differentiated tech startup with a 10X better solution? Prime is the high conviction, high support investor you need. With its fourth fund of $120M, Prime actively works with star teams to accelerate building great companies.
    To know more, visit https://primevp.in/
    -------------
    This video is for informational purposes only. The views expressed are those of the individuals quoted and do not constitute professional advice.

    Send us a text

    Show more Show less
    50 mins