#India Restart Episode 1 : Deep Dive into Money creation and way forward
Description
In the first dispatch of Livemint's special series titled "India Restart- Meaningful Dialogues on India's road to recovery", we bring to you a deep dive discussion on money creation and the way forward. A fireside chat between Saugata Bhattacharya, Chief Economist Axis Bank and Vinod Tharakan, MD, ClaySys Technologies will review the top down perspective of established economic thinking in India, with the bottom up perspective of a fintech technology provider. The conversation unravels key thinking areas such as - why does India and China have a different wealth creation journey despite having similar GDPs around 1990s, what banking policies allowed China to successfully create so much more money than India? how to lower the cost of capital to stimulate entrepreneurship here and finally what could be the steps taken to reboot the economy going forward. Watch the interview for more.
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