Dive into an exclusive session of ASIA SenseMaker with Dr. Duvvuri Subbarao, former Governor of the Reserve Bank of India and renowned economist. In this enlightening conversation, Dr. Subbarao shares his unique journey in public service, from unexpected leadership roles to navigating the 2008 global financial crisis. Gain valuable insights on decision-making, addressing public grievances, and the intricacies of cooperative federalism in India. Learn about the challenges and moral dilemmas faced by civil servants, the importance of character and values, and the evolving role of the Indian Administrative Service (IAS). Don't miss this opportunity to understand the complexities of governance and the need for effective communication and transparency in public institutions.Dr. Subbarao discusses his career insights and surprises, decision-making in public service, and addressing retail grievances. He reflects on his special assignments in Andhra Pradesh and his IAS career, noting the changes and comparing it with the UK civil service. Emphasizing the importance of character in civil service, he talks about the transition from cooperative to confrontational federalism, national interest versus state demands, and how the central government influences state investments. The session also covers India's situation during the 2008 financial crisis, the 2G Spectrum pricing controversy, and the role of the Comptroller and Auditor General of India. Additionally, Dr. Subbarao shares his thoughts on finding Dharma, public perception of RBI policies, the need for clear communication in public institutions, and expanding the rupee's footprint while reflecting on his tenure at the RBI.Join us for an insightful discussion that delves into the heart of India's governance and economic policies. Like, share, and subscribe for more such content! 00:00:00 - Introduction and Career Insights 00:05:00 - Making Career Choices 00:10:00 - Addressing Retail Grievances 00:15:00 - Special Assignment in Andhra Pradesh 00:20:00 - Reflections on IAS Career 00:25:00 - Comparing IAS with UK Civil Service 00:30:00 - Importance of Character in Civil Service 00:35:00 - Transition from Cooperative to Confrontational Federalism 00:40:00 - National Interest vs. State Demands 00:45:00 - Central Government's Influence on State Investments 00:50:00 - India During the 2008 Financial Crisis 00:55:00 - 2G Spectrum Pricing Controversy 01:00:00 - Role of the Comptroller and Auditor General of India 01:05:00 - Finding Dharma and Public Perception of RBI Policies 01:10:00 - Importance of Clear Communication in Public Institutions 01:15:00 - Expanding the Rupee's Footprint and Reflecting on RBI Tenure