Indian Economy, Banking and Finance with Pallavi Joshi in ‘Bharat Ki Baat’ EP-4

India is the ‘Mother of Economy’. 1,000 years old Scripture ‘Manu Smriti’, educated Indians about economic concepts. 2,600 years ago, gold and silver coins were legal tender in Republic Kingdoms of Mahajanpada

Know more about Indian Economy with: Present Chairman of Economic Advisory Council, Padma Shri Bibek Debroy; RBI Independent Director, CA. Swaminathan Gurumurthy.

Watch full Episode here:

The pioneer of Political Science and Economics was established at Maurya Empire by, the author of ‘Arthashastra’, Chanakya. In the 18th Century, Indian Economy stood topmost with GDP contribution 35-40%, which gradually decreased to 25% during Mughal Empire and by 2% during British Empire.

Indian Economy was very low, for the first 3 decades after Independence. But at present; India has 5th largest Economy and 2nd largest Market in the world. Indian Economy would grow to 3rd largest, in coming years. GST, Demonetization, RERA, Inspections for Income tax submission, Shell Company; are Government actions to Purify Indian system.

India is a Free Market. We have the freedom to decide; Which goods to trade? How and where to Trade? What price to trade at? As said by Chanakya: “Goddess Lakshmi abandons those, who don’t Grab opportunities at the right time”. Opportunities are many, and Indians know well, the art to transform an opportunity to History.

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