The Sarkari Job Trap: Dr Shamika Ravi On Why Govt Exams Destroy Lifetime Wealth

Why are millions of Indian youth spending their most productive years preparing for government exams? Dr Shamika Ravi, Member - PM Economic Advisory Council, breaks down the harsh economic reality of the 'sarkari' job craze. Speaking to Siddharth Zarabi, Group Editor - Business Today, Dr Ravi cites crucial research revealing that students who never sit for government exams earn significantly more over their lifetime than those who waste years preparing. She explains how a feudal mindset drives this hunger for power and prestige, and why this phenomenon is largely absent in highly industrialized states like Gujarat and Maharashtra. Watch to understand the massive opportunity cost of government exams and why the private sector offers superior long-term wealth creation.