Nobel Laureate Explains India’s Economy, Poverty, GDP & AI | Abhijit Banerjee | FO521 Raj Shamani

Download Porter here: https://app.adjust.com/21bhdnwt

--------------

Get your hand-picked playbook here: https://www.figuringout.co/pdf/fo-521

--------------

Guest Suggestion Form: https://forms.gle/bnaeY3FpoFU9ZjA47

--------------

Design Your Own Podcast Episode: https://forms.gle/sx8iyUF9vnqhgvru7

--------------

Trying to grow your Social Media? Talk to us - https://forms.gle/sJfksjy4K3rpNnvF9

--------------

Disclaimer: This video is intended solely for educational purposes and opinions shared by the guest are his personal views. We do not intent to defame or harm any person/ brand/ product/ country/ profession mentioned in the video. Our goal is to provide information to help audience make informed choices. The media used in this video are solely for informational purposes and belongs to their respective owners.

---------------

Order 'Build, Don't Talk' (in English) here: https://amzn.eu/d/eCfijRu
Order 'Build Don't Talk' (in Hindi) here: https://amzn.eu/d/4wZISO0

--------------

Follow Our WhatsApp Channel: https://www.whatsapp.com/channel/0029VaokF5x0bIdi3Qn9ef2J

--------------

https://www.youtube.com/@rajshamaniclips

https://www.youtube.com/@RajShamani.Shorts

🎧 Stream Figuring Out episodes on Spotify:
https://open.spotify.com/show/736rhmW7vilNgkFFo8aDz4

📺 Watch Figuring Out episodes on YouTube:
https://youtube.com/playlist?list=PLE0Jo6NF_JYO5-phess8GKafKMtPv3tfZ

---------------

Timestamps -

00:00 - Intro
02:55 - Why Are Only the Rich Getting Richer in India?
08:51 - Middle-Class Indians' Salary Range
13:27 - Should We Replace Humans Because of AI?
18:30 - India: 6th Largest Economy but Still Poor
25:33 - What Is an RCT?
29:37 - What Is Economics?
32:14 - Understanding the Indian Economy Using a Pressure Cooker
39:56 - How Are Guava, Anemia & Economics Related?
43:35 - What Is the Poverty Trap Curve?
50:43 - Why Does He Think Giving Freebies to Poor People Is Good?
59:19 - Why Don't Many Rich People Give to Charity?
1:02:15 - Why Do People Say Freebie Politics Is Ruining the Country?
1:07:57 - Why Does He Think Tax Havens Should Be Banned?
1:17:37 - Is a Closed Economy Good for Growth?
1:19:27 - Why Is India Poorer Than Japan Despite Almost the Same GDP?
1:22:56 - Why Did He Write the Paper "Marry for What"?
1:25:48 - Is Universal Basic Income the Future?
1:29:09 - Why Is There Inequality Even in Jails?
1:30:59 - Why Doesn't He Take GDP Seriously?
1:34:39 - BTS
1:35:23 - Outro

---------------

In today's episode, we sit down with Abhijit Banerjee, Nobel Laureate & Author, Economist & Co-Founder - JPAL to break down everything Indians get wrong about poverty, inequality, and the future of work.

We discuss why only the rich are getting richer in India, how Elon Musk earns a million times more than a decent salary and society accepts it, why middle-class incomes have stayed flat for three decades, and how AI is hollowing out the very jobs that built India's middle class.

He also explains his Kenya experiment where a 2-year lumpsum beat 12 years of monthly transfers, the 17-year West Bengal study that showed one free cow made women 40% richer, the 140-study metaanalysis proving freebies make people work MORE not less, and why even a Nobel Laureate calls his own success "mostly luck."

A complete masterclass on how the economy actually works from the man who built the world's most rigorous method for studying it.

---------------

About Raj Shamani
Raj Shamani is an entrepreneur and the host of the Figuring Out Podcast. He sits down with experts, athletes, celebrities, billionaires, and world leaders to break down how they actually win: money, business, mindset, relationships, and life. He's also a bestselling author, speaker, and angel investor. His work sits at the intersection of business, psychology, and human behaviour.

To Know More,
Follow Raj Shamani On ⤵︎

Instagram @RajShamani
https://www.instagram.com/rajshamani/

Twitter @RajShamani
https://twitter.com/rajshamani

Facebook @ShamaniRaj
https://www.facebook.com/shamaniraj

LinkedIn - Raj Shamani
https://www.linkedin.com/in/rajshamani/

• • •

#podcast #FiguringOut #RajShamani #rich #poor #economy #ai #jobs #india

About Figuring Out
Figuring Out Podcast is a Candid Conversations University where Raj Shamani brings raw conversations with the Top 1% in India.