Speeches - ଆରବିଆଇ - Reserve Bank of India
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Speeches
ଜାନୁଆରୀ 03, 2008
Some Comments on Macro-Stability in Indian Economy
Professor Nachane, Professor Radhakrishna, distinguished academics and friends, I am thankful to Indira Gandhi Institute of Development Research (IGIDR) for granting me the honour of releasing the India Development Report 2008 (IDR 2008). This is the fifth in the series and I wish to place on record our deep appreciation of the contribution made by Professor Kirit Parikh for the initiative and for establishing a tradition of high quality. I had the benefit of studying
Dr. Y. V. Reddy,
Governor, Reserve Bank of India
Professor Nachane, Professor Radhakrishna, distinguished academics and friends, I am thankful to Indira Gandhi Institute of Development Research (IGIDR) for granting me the honour of releasing the India Development Report 2008 (IDR 2008). This is the fifth in the series and I wish to place on record our deep appreciation of the contribution made by Professor Kirit Parikh for the initiative and for establishing a tradition of high quality. I had the benefit of studying
ଡିସେମ୍ବର 04, 2007
Central Banking and Academia
Address by Professor Rundheersing Bheenick, Governor of the Bank of Mauritius, at the University of Mauritius proposing the conferment of the degree of Doctor of Civil Law honoris causa upon Dr Y V Reddy, Gov. of the RB of India, Port Louis, 3 Dec 2007.Honourable Chancellor, Sir Ramesh Jewoolall, Respected Pro-Chancellor Professor Jugessur, Respected Vice-Chancellor, Professor Fagoonee, Governor Bheenick, distinguished academics, and friends,It is a great honour and p
Dr. Y. V. Reddy,
Governor, Reserve Bank of India
Address by Professor Rundheersing Bheenick, Governor of the Bank of Mauritius, at the University of Mauritius proposing the conferment of the degree of Doctor of Civil Law honoris causa upon Dr Y V Reddy, Gov. of the RB of India, Port Louis, 3 Dec 2007.Honourable Chancellor, Sir Ramesh Jewoolall, Respected Pro-Chancellor Professor Jugessur, Respected Vice-Chancellor, Professor Fagoonee, Governor Bheenick, distinguished academics, and friends,It is a great honour and p
ଡିସେମ୍ବର 04, 2007
The Rise of Asia – Implications for the Global Economy
The Honourable Vice-President of Mauritius, Honourable Ministers, Respected Governor Rundheersing Bheenick, Mr. Googoolye, Dr. Khadaroo, Directors of the Board of the Bank of Mauritius and distinguished friends. It is a great honour and privilege to be invited to deliver a Memorial Lecture on the occasion of the 40th Anniversary Celebrations of the Bank of Mauritius. The invitation is yet another demonstration of not only the close ties between India and Mauritius but
Dr. Y. V. Reddy,
Governor, Reserve Bank of India
The Honourable Vice-President of Mauritius, Honourable Ministers, Respected Governor Rundheersing Bheenick, Mr. Googoolye, Dr. Khadaroo, Directors of the Board of the Bank of Mauritius and distinguished friends. It is a great honour and privilege to be invited to deliver a Memorial Lecture on the occasion of the 40th Anniversary Celebrations of the Bank of Mauritius. The invitation is yet another demonstration of not only the close ties between India and Mauritius but
ନଭେମ୍ବର 27, 2007
Global Developments and Indian Perspectives: Some random thoughts
Dr. Khandelwal, Mr. Rao and distinguished friends,I am happy to be here with the banking fraternity to participate in the Bankers’ Conference 2007. I find that there are several conference papers which are of high quality. In fact, they provoked me to think through some of the issues that emanate from the analysis and also some facets which might have escaped the attention of the authors. The result is an urge to share some consequential random thoughts on global deve
Dr. Y. V. Reddy,
Governor, Reserve Bank of India
Dr. Khandelwal, Mr. Rao and distinguished friends,I am happy to be here with the banking fraternity to participate in the Bankers’ Conference 2007. I find that there are several conference papers which are of high quality. In fact, they provoked me to think through some of the issues that emanate from the analysis and also some facets which might have escaped the attention of the authors. The result is an urge to share some consequential random thoughts on global deve
ନଭେମ୍ବର 26, 2007
The growing importance of emerging economies in the globalised world and its implications for the international financial architecture
I. Introduction II. The growing importance of the emerging markets in the global economy III. Implications for the international financial architecture IV Concluding remarks I. IntroductionLadies and gentlemen,It is a great honour for me to give this lecture to pay tribute to the memory of the late Shri Lakshmi Kant Jha.L.K. Jha was a man of many talents: a distinguished administrator, a diplomat and an eminent economist. He was the first Chairman of the General Agree
Jean-Claude Trichet,
President of the European Central Bank
I. Introduction II. The growing importance of the emerging markets in the global economy III. Implications for the international financial architecture IV Concluding remarks I. IntroductionLadies and gentlemen,It is a great honour for me to give this lecture to pay tribute to the memory of the late Shri Lakshmi Kant Jha.L.K. Jha was a man of many talents: a distinguished administrator, a diplomat and an eminent economist. He was the first Chairman of the General Agree
ନଭେମ୍ବର 16, 2007
Urbanisation and Globalisation in the Twenty First Century: Emerging Challenges
I. Background Let me first say how honoured I am to have been invited here to deliver this opening address. When I received the invitation I was rather surprised – what do central bankers have to do with issues related to urbanization and urban problems? I thought that since the first week is devoted to financing water, shelter and sanitation, there must be a case of mistaken identity – I do have a namesake who was Chairman of the Delhi Water Board. But si
Dr. Rakesh Mohan,
Deputy Governor, Reserve Bank of India
I. Background Let me first say how honoured I am to have been invited here to deliver this opening address. When I received the invitation I was rather surprised – what do central bankers have to do with issues related to urbanization and urban problems? I thought that since the first week is devoted to financing water, shelter and sanitation, there must be a case of mistaken identity – I do have a namesake who was Chairman of the Delhi Water Board. But si
ନଭେମ୍ବର 02, 2007
Evolving role of the Reserve Bank of India: Recent Developments
Respected Professor Vyas, distinguished participants, ladies and gentlemen, I am indeed thankful to the Institute of Development Studies and Professor Vyas for providing me this opportunity to share my thoughts with you today on the “Evolving role of the Reserve Bank of India: Recent Developments”. My association with Professor Vyas has been long, but it became closer since November 2000, when he was appointed as a director on the Central Board of the Reserve Bank of
Dr. Y. V. Reddy,
Governor, Reserve Bank of India
Respected Professor Vyas, distinguished participants, ladies and gentlemen, I am indeed thankful to the Institute of Development Studies and Professor Vyas for providing me this opportunity to share my thoughts with you today on the “Evolving role of the Reserve Bank of India: Recent Developments”. My association with Professor Vyas has been long, but it became closer since November 2000, when he was appointed as a director on the Central Board of the Reserve Bank of
ଅକ୍ଟୋବର 18, 2007
Some Perspectives on the Indian Economy
Mr. Chairman and Friends, I am greatly honored by the invitation extended to me by the Peterson Institute for International Economics to share some of my thoughts on the Indian economy. This meeting is reflective of the recently observed growing interest and confidence in the status and future of the Indian economy. Today, I intend to submit that, since independence in 1947, the Indian economy has been
Dr. Y. V. Reddy,
Governor, Reserve Bank of India
Mr. Chairman and Friends, I am greatly honored by the invitation extended to me by the Peterson Institute for International Economics to share some of my thoughts on the Indian economy. This meeting is reflective of the recently observed growing interest and confidence in the status and future of the Indian economy. Today, I intend to submit that, since independence in 1947, the Indian economy has been
ଅକ୍ଟୋବର 16, 2007
India at 60 in a Changing World: Next 20 Years
Mr. Chairman, distinguished speakers and friends On behalf of the Reserve Bank of India (RBI) and on my own behalf, I would like to express our deep appreciation to LSE and, in particular, to Mr. Howard Davies, the Director, for his initiatives in establishing the India Observatory (IO). RBI is doubly privileged to be associated with the IO, as a partner, since it is in honour of Dr. I.G. Patel, one of my distinguished predecessors, and also because the economic polic
Dr. Y. V. Reddy,
Governor, Reserve Bank of India
Mr. Chairman, distinguished speakers and friends On behalf of the Reserve Bank of India (RBI) and on my own behalf, I would like to express our deep appreciation to LSE and, in particular, to Mr. Howard Davies, the Director, for his initiatives in establishing the India Observatory (IO). RBI is doubly privileged to be associated with the IO, as a partner, since it is in honour of Dr. I.G. Patel, one of my distinguished predecessors, and also because the economic polic
ଅକ୍ଟୋବର 05, 2007
Elements of Effective Central Banking: Theory, Practice, and History
Governor Reddy and guests of the Reserve Bank, I am honored to present the Foundation Day Lecture of the Reserve Bank of India Archives. I am grateful, too, for the opportunity to visit India with my mother and sister, to explore some famous examples of Indian civilization, and to see how India is fast transforming itself into a modern economy.I have long enjoyed libraries and archives. For over two decades as a monetary policy advisor at the Federal Reserve Bank of R
Prof. Marvin Goodfriend,
Professor of Economics and Chairman of the Gailliot Center for Public Policy in the Tepper School of Business.
Governor Reddy and guests of the Reserve Bank, I am honored to present the Foundation Day Lecture of the Reserve Bank of India Archives. I am grateful, too, for the opportunity to visit India with my mother and sister, to explore some famous examples of Indian civilization, and to see how India is fast transforming itself into a modern economy.I have long enjoyed libraries and archives. For over two decades as a monetary policy advisor at the Federal Reserve Bank of R
ସେପ୍ଟେମ୍ବର 14, 2007
Economic Reforms and Corporate Performance in India
Motivation 1 Corporate Performance – Trends since mid 1990s End March Sales Growth PAT Growth Working Capital /Sales Debt / Sales 1995 20.5 59.2 21.7 34.1 1996 23.7 23.9 18.3 31.7 1997 10.4 -26.6 15.7 33.7 1998 7.5 -13.7 12.0 36.6 1999 6.1 -20.9 13.8 39.8 2000 11.2 14.7 11.5 37.6 2001 9.9 8.3 11.3 35.0 2002 -1.3 -17.8 7.9 35.7 2003 8.5 76.2 5.5 31.4 2004 16.0 59.8 3.9 26.4 2005 24.1 51.2 5.2 22.5 2006 16.3 31.7 11.1 20.2 2007 26.2 45.2 .. .. Note : Working Capital is
Dr. Rakesh Mohan,
Deputy Governor, Reserve Bank of India
Motivation 1 Corporate Performance – Trends since mid 1990s End March Sales Growth PAT Growth Working Capital /Sales Debt / Sales 1995 20.5 59.2 21.7 34.1 1996 23.7 23.9 18.3 31.7 1997 10.4 -26.6 15.7 33.7 1998 7.5 -13.7 12.0 36.6 1999 6.1 -20.9 13.8 39.8 2000 11.2 14.7 11.5 37.6 2001 9.9 8.3 11.3 35.0 2002 -1.3 -17.8 7.9 35.7 2003 8.5 76.2 5.5 31.4 2004 16.0 59.8 3.9 26.4 2005 24.1 51.2 5.2 22.5 2006 16.3 31.7 11.1 20.2 2007 26.2 45.2 .. .. Note : Working Capital is
ସେପ୍ଟେମ୍ବର 13, 2007
India: Development and Reform Experience; and Prospects
Governor Ortiz and Friends, I am delighted to be here in Mexico to address this august gathering at the Bank of Mexico. I am honoured by the invitation extended to me. Governor Ortiz is among the most respected Central Bank Governors. His perceptions and words of wisdom, based on sound understanding of theory as well as compulsions of public policy making, are eagerly sought. In fact, Governor Ortiz heads the Central Bank Governance Group in the Bank for International
Dr. Y. V. Reddy,
Governor, Reserve Bank of India
Governor Ortiz and Friends, I am delighted to be here in Mexico to address this august gathering at the Bank of Mexico. I am honoured by the invitation extended to me. Governor Ortiz is among the most respected Central Bank Governors. His perceptions and words of wisdom, based on sound understanding of theory as well as compulsions of public policy making, are eagerly sought. In fact, Governor Ortiz heads the Central Bank Governance Group in the Bank for International
ଜୁଲାଇ 03, 2007
Glimpses of Indian Economy and its Financial Sector
Chairman Sergey M. Ignatiev and distinguished central bankers of the Bank of Russia, I am grateful to Chairman Ignatiev for inviting me to visit your bank and interact with you for mutual benefit. I have the pleasure of meeting my friend Chairman Ignatiev, almost once a month, in meetings of BIS or G20 or IMF or other international seminars. His address in Buenos Aires in early June on the current state of Russian economy was highly appreciated because he gave a glimp
Dr. Y. V. Reddy,
Governor, Reserve Bank of India
Chairman Sergey M. Ignatiev and distinguished central bankers of the Bank of Russia, I am grateful to Chairman Ignatiev for inviting me to visit your bank and interact with you for mutual benefit. I have the pleasure of meeting my friend Chairman Ignatiev, almost once a month, in meetings of BIS or G20 or IMF or other international seminars. His address in Buenos Aires in early June on the current state of Russian economy was highly appreciated because he gave a glimp
ଜୁଲାଇ 02, 2007
Statistical System of India: Some Reflections
I am delighted and honoured to be at this auspicious occasion of the first Statistics Day and to inaugurate first Annual Conference on Financial Statistics. As a member of the statistics community, it is matter of great pride that June 29, birth anniversary of (late) Professor Prasanta Chandra Mahalanobis, has been declared by the Government of India as Statistics Day. I am particularly happy that Professor Parikh is here who began his professional life in
Dr. Rakesh Mohan,
Deputy Governor, Reserve Bank of India
I am delighted and honoured to be at this auspicious occasion of the first Statistics Day and to inaugurate first Annual Conference on Financial Statistics. As a member of the statistics community, it is matter of great pride that June 29, birth anniversary of (late) Professor Prasanta Chandra Mahalanobis, has been declared by the Government of India as Statistics Day. I am particularly happy that Professor Parikh is here who began his professional life in
ଜୁନ 29, 2007
Random Thoughts on Statistics and Surveys
Dr. Barman, Mr. Paul Vanden Bergh, Dr. Karunasena, Mr. Sandip Ghose, distinguished participants, ladies and gentlemen, I am thankful to the organisers for giving me the privilege and pleasure of being with you at the Workshop on ‘Use of Surveys by Central Banks’, organised jointly by the South-East Asian Central Banks (SEACEN), Irving Fisher Committee (IFC) - Bank for International Settlements (BIS) and Reserve Bank of India (RBI). It is a collaborative effort of seve
Dr. Y. V. Reddy,
Governor, Reserve Bank of India
Dr. Barman, Mr. Paul Vanden Bergh, Dr. Karunasena, Mr. Sandip Ghose, distinguished participants, ladies and gentlemen, I am thankful to the organisers for giving me the privilege and pleasure of being with you at the Workshop on ‘Use of Surveys by Central Banks’, organised jointly by the South-East Asian Central Banks (SEACEN), Irving Fisher Committee (IFC) - Bank for International Settlements (BIS) and Reserve Bank of India (RBI). It is a collaborative effort of seve
ଜୁନ 28, 2007
Second P. R. Brahmananda Memorial Lecture
Governance Institutions and Development I greatly appreciate the honor of being invited to deliver the Brahmananda Memorial Lecture. I share the immense admiration and respect you all have for his scholarship, his teaching, and his untiring service for the economics profession and the country. It is indeed a privilege to give a talk in his memory. And it is a special pleasure to follow my long-standing friend Lord Desai, who gave the inaugural lecture in this series.
Avinash K. Dixit,
John J. F. Sherrerd University Professor of Economics
Governance Institutions and Development I greatly appreciate the honor of being invited to deliver the Brahmananda Memorial Lecture. I share the immense admiration and respect you all have for his scholarship, his teaching, and his untiring service for the economics profession and the country. It is indeed a privilege to give a talk in his memory. And it is a special pleasure to follow my long-standing friend Lord Desai, who gave the inaugural lecture in this series.
ଜୁନ 20, 2007
Risk Management in an Open Market Economy
Peter L. Bernstein in his celebrated book Against the Gods writes, 'The revolutionary idea that defines the boundary between modern times and the past is the mastery of risk: the notion that the future is more than a whim of the Gods and that men and women are not passive before nature. Until human beings discovered a way across that boundary, the future was a mirror of the past or the murky domain of oracles and soothsayers who held monopoly over knowledge of anticip
Dr. Rakesh Mohan,
Deputy Governor, Reserve Bank of India
Peter L. Bernstein in his celebrated book Against the Gods writes, 'The revolutionary idea that defines the boundary between modern times and the past is the mastery of risk: the notion that the future is more than a whim of the Gods and that men and women are not passive before nature. Until human beings discovered a way across that boundary, the future was a mirror of the past or the murky domain of oracles and soothsayers who held monopoly over knowledge of anticip
ଜୁନ 12, 2007
The Challenges of Financial Liberalisation for Emerging Market Economies
I am very pleased and honoured to be here and I want to thank warmly my good friend, Dr Reddy, for having invited me to address the staff of the Reserve Bank of India (RBI).The BIS recently announced that the RBI Vice-Governor, Mr Rakesh Mohan, will chair a new working group on "Capital flows and emerging economies". I would like to congratulate him for accepting to explore this complex issue. I will offer some views on a related topic: "the challenges of financial li
Mr. Christian Noyer,
Governor of Banque de France
I am very pleased and honoured to be here and I want to thank warmly my good friend, Dr Reddy, for having invited me to address the staff of the Reserve Bank of India (RBI).The BIS recently announced that the RBI Vice-Governor, Mr Rakesh Mohan, will chair a new working group on "Capital flows and emerging economies". I would like to congratulate him for accepting to explore this complex issue. I will offer some views on a related topic: "the challenges of financial li
ଜୁନ 08, 2007
Indian Economy: Review, Prospects and Select Issues
Governor Corbo and Friends, I am honoured by the kind invitation of Governor Corbo to visit the esteemed Central Bank of Chile. We, in the Reserve Bank of India, deeply appreciate the gesture. Governor Corbo is respected for his lucid expositions on complex issues in various international fora. While his analysis of monetary policy challenges in Chile is a matter of interest to the central bankers, his understanding of global developments, especially of Emerging Marke
Dr. Y. V. Reddy,
Governor, Reserve Bank of India
Governor Corbo and Friends, I am honoured by the kind invitation of Governor Corbo to visit the esteemed Central Bank of Chile. We, in the Reserve Bank of India, deeply appreciate the gesture. Governor Corbo is respected for his lucid expositions on complex issues in various international fora. While his analysis of monetary policy challenges in Chile is a matter of interest to the central bankers, his understanding of global developments, especially of Emerging Marke
ମଇ 29, 2007
Select Aspects of the Indian Economy
Governor Fukui and friends, I am honoured by the kind invitation of Governor Fukui to visit your esteemed bank. We, in the Reserve Bank of India (RBI), deeply appreciate the gesture. Governor Toshihiko Fukui is highly respected in various central banks’ fora for his depth of knowledge, wisdom and very transparent expositions on the economy of Japan and the Bank of Japan’s policies. We look forward to Governor Fukui's acceptance of our invitation to him to visit the Re
Dr. Y. V. Reddy,
Governor, Reserve Bank of India
Governor Fukui and friends, I am honoured by the kind invitation of Governor Fukui to visit your esteemed bank. We, in the Reserve Bank of India (RBI), deeply appreciate the gesture. Governor Toshihiko Fukui is highly respected in various central banks’ fora for his depth of knowledge, wisdom and very transparent expositions on the economy of Japan and the Bank of Japan’s policies. We look forward to Governor Fukui's acceptance of our invitation to him to visit the Re
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