The Syllabus of Life with Ravi Kapoor

Ravi Kapoor

The Syllabus of Life with Ravi Kapoor An Initiative by an Ex-IRS Officer to Teach What Schools and Colleges Fail to Teach ๐ŸŽ™ Host: @ravikapoorirs ๐ŸŽง Tune in now

  1. Aug 19

    Reality Of Price Rise, Rupee Fall & Why The Rich Get Richer Ft. D. Subbarao (Ex RBI Gov.)

    In this episode of The Syllabus of Life, Ex-IRS Ravi Kapoor sits down with Dr. Duvvuri Subbarao โ€” the 22nd Governor of the Reserve Bank of India โ€” to break down the Indian economy in the simplest possible terms. This isn't a dense, jargon-heavy lecture. It's a masterclass made accessible for every citizen who reads the news and wants to truly understand what's really going on.From what the RBI actually does, to how money is created out of thin air, to the falling rupee, inflation, demonetization, and the future of jobs in the age of AI โ€” Dr. Subbarao answers childlike, fundamental questions with remarkable clarity and honesty. Along the way, he opens up about the real tensions between the government and the central bank, why we're all "hostage to the dollar," and his deepest concerns about inequality, unemployment, and whether India is truly "future ready."Dr. Subbarao served with distinction across India's highest economic offices โ€” as Finance Secretary to the Government of India, Secretary to the Prime Minister's Economic Advisory Council, and Governor of the Reserve Bank of India through some of the country's most turbulent economic years. He is also the author of two acclaimed books on his time at the helm of the RBI.This conversation doubles as a primer for any citizen or layperson who wishes to understand the forces shaping their everyday financial lives.Read More About Dr. Duvvuri Subbarao - https://en.wikipedia.org/wiki/Duvvuri...For more podcasts like this one, subscribe to our channel. We regularly feature new episodes filled with valuable discussions and insights.-----About Ravi Kapoor: Ravi Kapoor is an ex-IRS officer, competitive powerlifter, chief mentor, TEDx speaker, and author. Additionally, Ravi holds an MA in clinical psychology and has chosen to focus on mentoring the next generation of civil servants.To know more:Instagram: https://www.instagram.com/ravikapoori...LinkedIn:   / ravi-kapoor-001bb1132  ----- Time stamps00:00 โ€” Intro03:16 โ€” What is the RBI? Explaining it to a layperson05:25 โ€” Beyond printing money: monetary & financial stability06:52 โ€” Where does money come from? The power to print currency09:43 โ€” The guarantee on a currency note & the gold standard11:45 โ€” The origins of paper money, trust & fiat currency15:01 โ€” Inflation & hyperinflation explained16:43 โ€” Price stability & India's 4% inflation target18:23 โ€” What the Governor actually does & the MPC21:45 โ€” How independent is the RBI? Government vs. central bank26:26 โ€” Holding ground: tensions & how pressure is applied31:04 โ€” RBI vs. Finance Ministry vs. Economic Advisory Council33:00 โ€” Potential growth vs. actual growth: who does what34:15 โ€” The falling rupee & exchange rate as a "price"38:05 โ€” Fixed vs. managed vs. free exchange rates40:37 โ€” The impossible trinity & why we can't copy China43:18 โ€” Free market vs. controlled economy & the 1991 lesson46:11 โ€” Are we hostage to the dollar? Reserve currency explained48:50 โ€” Weaponization of the dollar & "exorbitant privilege"51:00 โ€” Demonetization in hindsight: did it work?54:47 โ€” The truth about plastic currency56:02 โ€” The state of the Indian economy today59:11 โ€” Concern #1: Private investment & inequality1:01:20 โ€” Concern #2: Unemployment & the informal sector1:01:53 โ€” Concern #3: Is India future ready?1:05:01 โ€” Demand, productivity & investing in education and health1:06:53 โ€” Can unemployment be fixed? AI & service exports1:10:22 โ€” AI: jobs created or destroyed? Finding India's niche1:12:06 โ€” Predicting 2035-36: a thought experiment1:15:50 โ€” What should the government do? From leader to statesman1:17:10 โ€” What keeps you up at night? Hopes for 20471:20:13 โ€” Closing thoughts & gratitude

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The Syllabus of Life with Ravi Kapoor An Initiative by an Ex-IRS Officer to Teach What Schools and Colleges Fail to Teach ๐ŸŽ™ Host: @ravikapoorirs ๐ŸŽง Tune in now

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