Learn from a top Pak economist how serious its crisis is, & why populist policies are so perilous
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- Опубліковано 21 лип 2022
- #pakistaneconomy
As the world watches the Sri Lankan economic crisis, The Print Editor-In-Chief Shekhar Gupta in episode 1041 of Cut The Clutter looks at series of observations made by Pakistani-American economist Atif Mian on Pakistan's economic situation & why he says Pakistan is suffering from Dutch disease on steroids?
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DON'T WASTE YOUR MONEY ON HINDUPHOBIC THE PRINT.
He has to live right?
Dear Shekar ji , your explanation is good
Can u expect u to appreciate Modi Government whole heartedly and kindly do an interview with Mr.Chiambaram about his policies in 2012 -14,if continued would have made India more than Pakistan or SL.
I don’t see much difference after the purchase
Hi.
So it seems Modi government did well in raising oil prices & not listening to the armchair econist who kept on comparing indian oil prices to Pakistan & srilanka
muudi shud rejine
- Librandus
Economists and Thinkers gujratis are born business men's
Paxtan was subsidising petrol.
In India it is not that anyone is demanding subsidies on oil.
Its just that govt can cut super high taxes by state and central govt. That tax cut could help petrol price to drop below 90 rupees.
And we should bring labour, land and farm reform instead of socialist gormints who taxes like crazy to compensate the lack of reforms.
Govt should bulldoze their way to pass these reforms.
@@yashrao5269 it is clear how educated and well knowledgeable you are,
@@deepjyotibhattacharjee4582 we are habituated to freebies, the movement reforms are brought the govt will fall, take instance of farm law, if it was not blocked by farmers they would have been rich by now as food grain shortages are making prices high in the international market. we are literate for sake of numbers, really are we??
Here in Paksitan, we have 5 prime ministers in the last 6 years. So, we have political stability in our country mashallah. Look at the other side, more than 70% of our money is in the hands of Army, who has been running the politics of our country from 1947. Atif mian didn't mentioned Our elite who are only 1% and they own 90 % of the countries wealth. There is too much gap between poor and rich.
The Grand Indus Army owns, occupies and ru(i)ns Pakistan enforcing Britain's messianic ideology in the region of everlasting hostility towards Russia (The Great Game) for a fistful of $$$ and a few $$$ more. ua-cam.com/video/Bwvl5gGrmdA/v-deo.html
U must ask urself , how did army become so powerful & corrupt in first place ? That’s bcoz of religion .
Ur kept saying Hindus will eat Muslims so we need such a big army & u r guys feel for religion based decisions. Which has brought to bankruptcy. Look at East Pakistan he went opposite & doing great.
political instability need not be ruinous . In india we had same instability in 1990's but lot of good and churning came out of that. Look at Israel, the govt changes almost every year.
@@ajithreddy1987 ironically this is EXACTLY how our own fascist (Modi) got so powerful in India. Using religion.. and narratives of how Muslims will eat Hindus without Modi.
@@mrgyani muslims did eat Hindus in kashmir , or present day pakistan and bangladesh have no hindus now
China has a three- pronged strategy: 1) find some officials in the target country, and give them big “donations” 2) find infrastructure projects which are white elephants in the home country but are of immense strategic value to China, example deep water ports where it can park its submarines. These projects are approved by aforesaid officials. 3) load the project up with debt and since the project was commercially infeasible in the first place, when the project defaults, grab the asset as repayment.
Thus India got encircled by Chinese deployments in Sri Lanka, Pakistan and Nepal.
Bangladesh very wisely stayed out of the trap.
but these will equally have repurcussions for china as well
already Baloch people have turned extremely anti china and chinese are openly targeted as nations under chinese loans default this paints an evil image of china now add western media to it , and I can see if china tries to get too much involved in pakistan's politics it will end up like ussr in afghanistan
It's India's failure to allow Nepal and Sri Lanka get closer to China
@@uaeindi - because there is no Indian policy of giving ‘donations’ to the officials of these nations.
And what makes it even worse is the loan is to the other country, but the money has to be spent on Chinese builders and material suppliers. Very little of the money helps the local economy and the people (the bribes to the officials go off to some off shore tax free haven).
@@uaeindi Because India does not have policy to give 'donations' to dictatorial governments to fulfill their unsustainable and non-feasible 'wish-list'.
Hi Shekharji .
Almost 3 months ago , you made a video on how Bangladesh has overtaken India in all economic parameters , Bangladesh will become next Asian Tiger , manufacturing hub , blah blah blah
Now according to IMF WEO April 2022 report , India had overtaken Bangladesh in terms of GDP per capita in 2021. India still has higher GDP per capita in 2022 and will have greater in future too.
Well , another good news is that India has overtaken UK to become 5th largest economy with GDP of $3.53 Tn.
Make a Cut the Clutter on this report.
Where are u getting this from? This looks sus 😳. Please provide a source for this report u r talking about
Bangladesh GDP per capita is around 2800 US dollars. Please check the latest figures.
@@mehmudislam5489 Tomorrow you will say Bangldesh GDP per capita is $10000 .
According to IMF , BD GDP per capita in 2022 is $2335. Given BD nominal GDP is $396 billion and population almost 16.7 crores.
It's a short live insignificant edge in medium term projection Bangladesh will have higher per capita then india, India should ensure we maintain our continued lead over purchasing power in respect to Bangladesh.
@@gauravdas6741 Not just 2022 , in 2023 , 2024 , 2025 , 2026 , India will have greater GDP per capita.
Also India will cross $5 Tn in 2026.
This whole propaganda of Bangladesh beating India is done by liberals and Leftists. Now since India has overtaken BD in 2021 , no liberandu is talking about BD economy.
This Shekhar Gupta said how Bangladesh is export powerhouse.
Export powerhous really? This so called export powerhouse's export is only $48 billion compared to India's total export of $676 billion.
Bangladesh's currency taka has devalued by more than 16% compare to Indian rupee devaluation of 7.5%.
Bangladesh is facing shortage of cooking oil , wheat , milk , etc. plus it is rationing electricity has its Diesel based power plants are facing fuel shortages.
You should simply read the IMF WEO 2022 report.
This whole Bangladesh will do this that was a liberandu jumla and propaganda .
These chutiya economists like Kaushik Basu , doomsday predictor RRR , Amartya Sen hate Modi because Modi don't give a fuck to them and still Indian economy is progressing by leaps and bounds.
Indian economy has recovered fully from pandemic plus India will become 4th largest economy in next two years overtaking Germany.
What a beautifully analysis...So true and logical...I'm from Pak and completely agree to all the points u mentioned.
Hopefully Kejriwal is listening, Mamata is listening, and Andhra CM is listening. And will stop their populist measures.
And Modi?
No populism by Modi apparently.
- No free gas cylinders (Ujwala yojna)
- No free houses (PM aawas yojna)
- no free ration (gareeb Kalyan yojna)
- no free electricity (saubhagya yojna)
- no direct transfer of cash (sometimes just before state
They won't listen
Rajasthan CM & Kerala CM too
Modi has more populist policies then all these together.
@Devyan Utsav already answered this in the other thread.
Kejriwal's subsidy is also for the poorest section. Those with higher consumption have to pay for it.
And any answer for the wasteful spending of lakhs of crores - like bullet train, central Vista, statue of unity, new private jets for Modi ji, Narendra Modi stadium - largest in Asia, and so on?
With 18000 crores you could have given every corona dead family 4 lakh rupees and still have 4000 crores left. And these families really needed it. But no, Modi will tax medicines and medical equipment during corona, will accept aid from Africa, but won't give money he is using for his Modi Mahal to victims and poor. At this time unemployment was highest, lakhs were orphaned, many didn't even have money for cremation and were floating body in water. They desparately needed help.
And the bangaldeshi's in Delhi was fake news.
In the same video you can see those Bangladeshis say, they are in India to apply for Malta visa. They came here legally, only to get Malta visa.. And your own Modi ji has given visa on arrival to these bangaldeshi's.
Bangladesh has already surpassed India in per capita income. They have a thriving economy there. They don't want to come here looking at what is happening in India these days.
India’s fate would have been the same as that of Pakistan and Sri Lanka, if not for competent management. It’s not perfect but if you look at the neighborhood, India is doing a lot better!
Competent management, like the following :
- corporate tax cut - 1.45 lakh crore of freebie to corporates
- loan waivers - 8 lakh crores to corporates
- spending 18000 crores on Central Vista
- spending 8400 crores on two new planes for Modi
- spending 1.08 lakh crores on bullet train
- 50000 crores on real time survailence of citizens
- 2000 crores on statue of unity
- 800 crores on Modi stadium
- 900 crores on self publicity and ads
- demonetization
Not to mention the various socialist schemes and freebies
- free gas cylinders (Ujwala yojna)
- free houses (PM aawas yojna)
- free ration (gareeb Kalyan yojna)
- free electricity (saubhagya yojna)
- direct transfer of cash (sometimes just before state
@@mrgyani we can argue about the truth of every single one of them. But the fact is, India isn’t asking IMF for bailout or running out of foreign exchange!
@@mrgyani Corporate tax cut is a reform, not a freebie. It was too high.
Loan waivers to corporates? I've not heard of this.
@@wokeymcwokeface1974 thanks to the backbone provided by congress - where we have IT and other exports, and some level of sophistication of economy (as measured by economic complexity index. Pakistan ranks very low on it, India is at a mid level thanks to the congress).
If they had not set up educational, technological, scientific institutes, had not promoted IT, had not promoted secularism and harmony - you can guarantee we would have been in the same basket.
BTW, check the forex reserve levels right now, depleting at one of the fastest rates.
And lastly, feel free to check each point and counter me on any..
@@daddashikamani corporate tax cut was given at a time when we had demand side issues. And tax cut is a supply side measure. And it is one of the MOST ineffective. This is BASIC ECON!
There is no guarantee that the savings will be passed on to consumer, or to increase production, (or as you claim improve competitiveness) - and this is exactly what happened, it was pocketed by corporates.
If this money was given as direct cash transfer or spent MNERGA - it would have revived entire economy. At that time even consumption of consumer essentials (soap, shampoo) had dipped.
It is a freebie in the pockets of the corporates. Not a reform that helps the economy in any way.
Govt wrote off 8 lakh crores worth of bad loans, and refused to even reveal names of the defaulters. (taxpayers pay for this bonanza to nameless corporates)
I think your definition of Dutch Disease is a little off. Dutch Disease happens when a country is too dependent on export on one commodity and this export leads to massive strengthening of the local currency. As a result imports become cheaper and local manufacturing becomes uncompetitive, eventually leading to recession. Dutch disease can’t only be caused by export of commodity it can also be caused by Aid/Debt from other countries. That’s why sometimes it’s believed that aid does more damage to a country than good.
Exactly.
Oh the definition of Dutch disease is all right. Pakistan had found security and military to be quite profitable. It profited a lot from them during the cold war. Just like the Dutch found gas and the English the north sea, Pakistan's security establishment was for sale, all the time, be it the US, China or the Arabs. Now, unfortunately, that business has lost momentum.
Interesting
Just as in Venezuela, oil
Seems like Bangladesh in future with its textile
With all due respect to Atif Mian, is there a point to analyzing Pakistan's economy at this level? Their armymen own the bulk of their land and a huge amount of their businesses. Their economics is run in a manner that ensures the armymen reap benefits, come what may. If they make a huge amount of profit, the profit buys the armymen lucrative properties in UK, Canada, etc. The economy does not flow in a manner that can benefit an ordinary citizen.
At this point, I seriously doubt any Pakistani politician can change this.
Economy doesn’t flow down the common citizens ? Go google what percentage of Pakistan earns 2 dollars a day and above and do the same with india youll get your answer
Or how about check the gini index of both india and Pakistan
@@hke.4475 India varies a lot from state to state. In some states, the youth are forced to flee for jobs. The politicians in such places are comparable to Pakistani army generals - very wealthy, foreign assets, etc. These are also the most populous states, so you'll see the averages getting dragged by them.
@@hke.4475 you keep checking gini and mini arre fat brain...population of two countries differ...look at other things u can't even compare...this jealousy of ur non Muslim neighbors is reason for fall of Pakistan.. most worst people in planet
All their army officials and rich have foreign investment to leave too
Arif Miah failed to mention Pak army’s role on key policies decision.
While that undoubtedly has an impact, it is not as straight up. We(Indians) have a very rudimentary understanding of the dynamic.
Infact, Atif Miyan says the opposite - he says pak army impact is overstated. And there is no proof the military spending is a bad thing for their economy.
@@mrgyani
Because he’s only looking at the official direct spending not indirect control which is several times more. Think about subsidies for army people purchasing land etc.
Simple data on “defense spending” will not show that.
@@garyish and you are assuming that Pakistan is a legit county. After 70s they are a client state. Their product/service is geopolitical control/international reach to the Islamic world/mercenaries/followers for ideology.
They sell the service in return for aid. Just check the mind boggling aid US has donated. They earn billions and lose a few hundred millions to army and see it as cost of doing business just like overpaid/pampered ceos who happen to earn exorbitantly as they excel at increasing productivity of organisations. Their main clients were Saudis(ideology) and US(geopolitical interest).
The way they see it, recent issues are just an unlucky coincidence where their customers are running dry. Saudis(saturation of ideology), Turkey(financial trouble leading) US (withdrawing from geopolitical interest) and China(recent player in geopolitics of the area so they are stingy). They will come up with a new "product" or a "model" in the coming years.
The issue is people see only the inefficient system without seeing the purpose of the structure. If they decided to work like just another country they don't excel at anything and will be wiped out. With the client state model they can increase their population, keep India Afghanistan and Iran in check and simultaneously enjoy a lot of goodwill in deep states of their clients(exceeding even India's reach).
We keep thinking this situation will destroy Pakistan's reputation but all parties know what they are dealing with. When there is dirty work to be done in the Islamic world, Pakistan is the place/agent.
So right of you to mention it.
Fuel shock is never good for the economy. This govt did a good job in managing the fuel price. When at low international price it kept fuel prices hovering around 70/75 Rs by increasing excise thereby also earning some extra bucks for rainy days. When at high internation crude price, the excise cut is used as a weapon to control fuel prices, thereby saving us from runaway price shock which would have severely impacted the economy. The Gujarati "Bania" mind at work here!
excellent observation.. excise duty on petroleum is actually a good policy tool.
One of the few comments praising the fuel policy of this government. But doesn’t high fuel prices lead to increased cost of living, hurting the middle class and the poor.
@@pichumanisankar2617 western economics inflation doesn't depend heavily on gas prices as Asian countries. That is why we need prices control without subsidies to control inflation
The gujrati baniya has the capacity to understand basic econ? ..that you are crediting him with these policies?
Doesn't high fuel prices affect growth as well? Fact is, govt claiming 8-9% growth rate while fuel consumption is lower than what it was 4 years ago.
Poverty has increased, hunger has increased, we are having reverse migration back to villages (urban population gone down by 2%). India has become the poverty capital of the world again, beating Nigeria..
@@mrgyani - data please?
This dollar and local currency spread is a great insight. Dutch disease is another great lesson. Hope our country is able to export more than import in due course. Thank you for your knowledge sharing
India's internal trade bottlenecks have to be resolved.
@@viktorcalais3722 true. Ease of compliance will make many more things exportable
@@pratapmehta3962 how will you do anything with this kind of law of india. First you have to get over land/labor/factory law which is proving roadblock for any industrial set up. Rahul gandhi, mamta banerji kind of politicians have only learned to call strike, roadblockade, damage to property. Unnecessary hate for our national icon - Ambani, Adani, Tata , Birla without any future road map where they will get revenue from taxes. Garib bhai log is good for vote but have little help in acumen. Here comes brahmins vote for acumen. That vote is missing in pakistan. They immediately needs brahmins votes to run their country!
Thanks
What I wish the economists and the media would address is the real elephant in the room which according to me is the ridiculously disproportionate allocation of budget to the armed forces in Pakistan for best part of the half century away from education infrastructure and other critical pillars to building a strong economy.
Agreed
Absolutely right, You do not have to be an economist to figure out the root problem in Pak. Heavy budget for defense, and majority of business are run by army, so they do not pay taxes.
Pakistan is a federation in true sense, services tax are directly collected by provinces and remains with them, and as per 18th amendement 58.5% of share - collected by Central government - goes directly to provinces, 45% goes to central government, in that 45% only 18% goes to Milirary so your assement is not based on fact but perceptiob build by Indian media, oue major flaw is planning in CPEC, poltical decision were wrong when govt had to win next election and energy projects were terrible. Milaray factor is long gone, and now youth of Pakistan is asking questions from governments and it has to deliver on economy, that is a postive sign. Moreover people have money, no matter
how much money you throw into market, economy grows but governement can't collect money in form of taxes, that is a flaw, we need structural refrom.
EDIT: 45% of central government share -when taken as separate entity- consider it 100% in that 100 only 18% goes to miltary. To give you a clear picture
@@rajendrajasathy4356 wrong, not based on facts
Why backhanded compliment for india and economic status? India is doing a fabulous job of managing currency, inflation and growth. I live in singapore and all speak of strength of Indian business in current times. Isn’t it amazing that india managed pandemic, free food, aid, vaccination and still demonstrate such strength as a democratic nation with thoughtless critics all around?
We had brightest economic minds in Mr Manmohan and Chidambaram who took INR down by 23% in 3 months then. Imagine plight if they were to be in the helm of affairs now..
Well said
Thanks to Modi for not following populist measures like congress has done for 60+ years to this country.
Yeah no populism by Modi apparently.
- No free gas cylinders (Ujwala yojna)
- No free houses (PM aawas yojna)
- no free ration (gareeb Kalyan yojna)
- no free electricity (saubhagya yojna)
- no direct transfer of cash (sometimes just before state election)
Forget socialism (at least it goes to the poor) , Modi ji is making disastrous economic policies like :
- corporate tax cut - 1.45 lakh crore of freebie to corporates
- loan waivers - 8 lakh crores to corporates
- spending 18000 crores on Central Vista
- spending 8400 crores on two new planes for Modi
- spending 1.08 lakh crores on bullet train
- 50000 crores on real time survailence of citizens
- 2000 crores on statue of unity
- 800 crores on Modi stadium
- 900 crores on self publicity and ads
- Demonetization
But kejriwal giving free bijli, Pani is bad.
@@mrgyani Corporate tax cut creates jobs. Loans are not waived off, but written off and marked for recovery . Free ration is for Covid period only. Bullet train creates jobs, and also generates revenue in long-term.
Kejriwal is giving free bijli without checking the cost of bijli, and existing debt of the state. Instead of giving free bijli, he should give money to buy bijli. Way of implementing is wrong.
@@rajx7120 corporate tax cut was given at a time when we had demand side issues. And tax cut is a supply side measure. And it is one of the MOST ineffective. This is BASIC ECON!
It wasn't a supply side problem - so there was no question of creation of more jobs. There is absolutely no guarantee that the savings will be passed on to consumer, or to increase production - and this is exactly what happened, it was pocketed by corporates.
If this money was given as direct cash transfer or spent MNERGA - it would have revived entire economy. And even bjp economists were asking for this at that time.
@@CheckYourHealthUS Bullet train you are spending 1L crore for a single line between Mumbai and Ahmedabad - and taxpayers will pay for this madness. Will a single line from Mumbai to Ahmedabad ever earn 1L crore from ticket sales?
The jobs are going to the Japanese as major part of it is the technology and execution. And Indian taxpayer will pay for this? 1L crore loan is a huge figure for Indian govt, it's no joke. And Modi ji is on video saying, it is a vanity project for him, as we indians can boast about it.
High speed trains are a loss making venture even in advanced countries. Chinese high speed train projects are in debt trap. US has never built a high speed train, because of the expense and because it will never recover the money. High speed trains are considered an obsolete tech in most of the world - because it just doesn't make economic sense.
@@CheckYourHealthUS bro, that was fake news.
In the same video you can see those Bangladeshis say, they are in India to apply for Malta visa. They came here legally, only to get Malta visa.. And Modi govt has given visa on arrival to bangaldeshi's, meanwhile his followers busy demonizing the bangaldeshi's.
Do you know bangaldesh has surpassed India in per capita income? And they will overtake India by over $200 per capita in next 6 years? Bangaldesh has turned secular under Hasina, and is also getting rid of Islam as state religion. It is the fastest growing economy of the region. A success story. It has better health and social indicators than even India. Has low debt to GDP (India has 90%+). Is continuously increasing exports. They don't want to come to India, when they see what is happening here.
I do appreciate this analysis. Not being an economist, I don't have the ability to find or not find the accuracy of his arguments, but his suggestions to analytical findings are valid.
"Pawar politics runs sugar in Maharashtra."
I appreciate a good pun.
Shekharji must be relieved that MVA no longer runs Maharashtra otherwise he would have been staring at an arrest for perceived insult of Pawar politics.
He sits in Delhi, doesn't matter
@@arjavgarg5801 well, that didn't stop Delhi resident Bagga from getting arrested by Punjab police or Zee anchor in UP from getting arrested by Chattisgarh police. Or even Mamta from sending Kolkata police to arrest bloke in Goa.
@@libshastra i mean yaa sure bagga who threatened with violence against a democratically elected cm .
@@bloodwargaming3662 sure but arrest across State lines is as undemocratic as it gets for a democratically elected CM. It violates basic norms. It's worse than any threat a person can make.
Thank you Shekhar for mentioning the celebrated name Dr. Abdus Salam, the Nobel laurate and how Pakistan neglected and ignored his achievements just because he was an Ahmedia. Same thing is happening with great Dr. Atus Mia who is such a renowned economist. What a pathetic reason!
@Nitesh Kumar ...of all problems!
And here our leftists and liberals slam this government for religious polarisation. 😂
@@pichumanisankar2617 there are plenty of injustice, inhumanity and barbarism of hindutwa. If oppose islamists, that doesn't make you the good side. You are the same..
@@mrgyani bro respect ✌
@@mrgyani Anyone who opposes i-slam is a humanist
Pakistan's main problem is it is running a 1st world military with a 3rd world economy.
Same for India as well reduce millitary spending especially govt. Salary spending we have very high govt employee salaries
@@dellhp9564 Reduce military spending? India is running a 1st word military? Bhai, kya kya phoonk raha hai?
@@hardikpopli Phoonk mai nhi rha hoon. Millitary mai bohot excessive spending hai especially civilian in Millitary. Sab ko privatize karo. Agneepath toh first step hai, Millitary ko downsize karo ya unhe police mai bharti karo.
@@dellhp9564
Nope not at all.
India spends 2% of its GDP on defense.
Pakistan spends 4% gdp on its defense.
So it’s spending twice as much!
@@garyish Economics ka gyan na ho toh yehi chumtiya banoge. First we have tax to gdp ratio of 16 percentage. Of that we spend about 15-16 percent on defence which is 10 times what we spend on education and 8 times on Healthcare.(34% of budget goes to interest on loans)Millitary spending constraints our spending on productive things Millitary donot feed people, they donot earn us any export money. Srilanka,pakistan has bloated Millitary and beaurocracy and they suffering.
Thank you for sharing such a fundamental concept.
"When you are getting something for free, you are the product".
Also for a moment I thought SG was going to say "Pakistanis have been borrowing and do Balle Balle"
Hi Vyom, thanks for tuning in.
Election and populist schemes must be kept separated....It's the middle class like me who suffers.
Hmm, we shd chose our vote carefully and raise our voices apart that i dunno what to do
You named two outstanding personalities of Pakistan ,who happen to belong to much maligned,ostracized, harassed minority community of Ahmediyas. Bit stranger still is the fact that in spite of all the odds stacked against them, the community could produce stars. I don't know how many more are there in cognito. The Ahemediyas are showing the mirror to tge majority Sunni Punjabi war-lords what they are worth for.Jews were also persecuted at much larger scale and they produced world's highest number of Novel laureates.
Pakistan is not only addicted to IMF and world Bank, but more importantly to Islam,which is at the root of all troubles.
Hoping,the world can save Pakistan or for that matter any country, unless it gathers all the strength and tries to put its house in order.
Luckily for India the country was saved in 1991,because we had P.V.Narasimha Rao as PM who roped in Manmohan Singh to aid him in liberalising our economy and thus saved the day.
But these stupid Sunni fanatics of Pakistan shunted out the genius economist, simply because he is an Ahmediya little realizing that such an act is suicidal.
It’s ok to be religious.
It’s not ok to be religiously blind.
Pakistan is the option #2
It’s not that Islam is the issue, it’s that Pakistani punjabis in an effort to stay in power made Islam a political crutch.
Bangladesh has also embraced Islam but not the toxic religious interpretation that the Saudis has exported which most fundamentalists have embraced.
It’s all about leadership and people’s willingness to tolerate poor leadership.
W. Bangla was the richest state in India at independence yet today it’s one of the poorest performing state whereas Bangladesh started from zero in 71 is now a success story out-pacing even India in some social fields. W. Bangla, no religious fundamentalism just poor communist govt policy.
@@Joseph-uv3vd
At some point excessive religiosity (especially the abrahamic kind) will become a hindrance in attracting top talent for any country.
This is why even Saudi Arabia is dismantling some of its long held beliefs like women being subservient to men or drinking etc to attract more foreign talent.
But all these decades Saudi has exported its wahabi fundamentalism to paxtan which is now stuck in it while ironically the Saudis themselves are now moving away from.
@@garyish What’s “abrahamic kind”. Spell out clearly. Don’t lump everything together.
@@benhurrao1715
It’s lumped together on purpose.
Christianity has improved due to secular renaissance in Europe but it’s still quite dogmatic.. Vatican praised the US rolling back abortion rights for example.
Pakistan lost the great advantage in 1965 war when Ayub Khan removed the brilliant army general suddenly just because he happened to be Ahmediyya.
Pakistan disrespected, insulted and threw a Nobel laureate out of their country just because he happened to be Ahmediyya.
And Now a sensible and realist economist was kicked out because he happened to be Ahmediyya.
Tragic losses for Pakistan.
Anybody wishing to under the term "Dutch Disease" can watch a video on same topic by Mahipal Rathore sir on his UA-cam channel Pathfinder. He explained this topic in much depth.
Vishwaguru that India must learn why populist political announcements must be done away with..... and I think Reveri (रेवड़ी ) concept of freebies possess danger on the future of India.
Populist political appeasement happens from both sides....
I open UA-cam and see Shekar sb with Pakistani topic on CtC. Best!
He explained the whole Atif Mian’s thread in the simplest manner possible.
Great job.
The curse of Religion. I thought so called GODS were egalitarian and favoured all of mankind not just the worshippers. Am a very lapsed Catholic and glad I distinguished the wood from the trees.
Sir, Dutch disease is mainly because of one sectoral exports propping up the native currency so much so that other sectors sectors like manufacturing become redundant due to appreciated native currency not because of lack of focus in other sectors. But yes, other sectors suffer due to soaring of one sector.
If one sector is making so much money, then other sectors should be subsidized, rt? Then the money printed for the subsidy, would depreciate the currency, to counter the appreciation by one sector. Isn't that a logical thing to do?
@@rajx7120 Doesn't happen that way sir. All energies and focus go into that industry. Look at India itself - India's Dutch disease was brought by *surprises* - IT . Only now is govt doubling down on manufacturing and I don't think that involves a whole lot of money printing. Govt just allocates a certain portion of its budget to subsidize. Doesn't separately print money to subsidize.
As long as Pakistan is Religion centric, no chances of getting out of the present scenario
At a cursory level, your suggestion seems valid, but it's an easy way out for Muslims and non-muslims alike.
I am a Muslim who not only practices Islam, but have a very good foundational understanding of Islam's multi-faceted aspects. No doubt, Muslims are in a very bad situation at this point in history and, if you have a strongly negative opinion Muslims, I would not try to convince you otherwise. In fact, the deplorable condition of Muslims is not because of Islam, but is because of not understanding it and not following it. In essence, Muslims are not only ignorant and uneducated about modern day technical and economic sciences, but they are even more so about Islam itself.
This section is not appropriate place to elaborate much on this topic, but I sincerely believe that your point is hard to ignore.
If your point was right, Malaysia and Saudi Arabia would be poor too. So would be Turkey.
I love it when you talk about pakistan! Your face just lits up when you discuss about their politics and economics😂
Even though my family suffered due to partition, so grateful to jinnah that he partitioned the country. 17 is irritable, 37 would have been unbearable
I'm from Pakistan and I would like to add one major cause of Pakistan's economic crisis i.e. the role of Pakistan Army, Supreme Court, and Bureaucrats... We have been avoiding accountability since 1947 and this is why we suffer. No nation can thrive if they don't put charges on their corrupt people and keep on throwing roses on those people. Also, one more point... Imran Khan didn't leave a bankrupt country for Shahbaz Sharif. He was ousted. This new PM came without a mandate hence this political instability is going to cause major problems for Pakistan in the near future.
Didn't IK increase the debt pile by a huge amount. Also he lowered fuel price inside the country just when it increased globally. But granted that he was ousted and it was a foolish tactical move. The current crisis would have impacted his govt badly too.
But even if imran completed his term, he still would have left a bankrupt country for the next govt. His borrowing was much higher than previous govts
Well your Army will never give up power. They removed IK, they will remove sarif in future and this cycle will continue.
No country that has given Religion a primary plank has ever had a thriving economy.. We can thank IK for trying to convert Pakistan into a " Riyasat e Medina" and ending up with a huge band of religious fanatics. IK is tearing up the entire country and in the process making the Army, Supreme Court and Bureaucracy look sane. IK is already warning Pakistanis of a Sri Lanka like situation. I suspect he will step off the boat when it goes down. Except for IMF ( which IK loathes) there is absolutely no hope for Pakistan in the short run.
Don't believe Imran blindly. When he was ousted as per you, your country had negative foreign exchange reserve. The 9 billions in your central bank was actually deposited by UAE, SA, China etc. that too only for window dressing and not for spending...
Awesome. Thank you sir. With love and respect from Pakistan
A wonderful, clutter free, description of the Pak crisis
I'm not an economists. And i can tell you there is no need of such an indepth analysis. It's like monitoring and getting an extremely detailed analysis of how a patient's body who is suffering from a serious ailment, is deteriorating without doing anything about the treatment. It's like telling a patient, today one of your kidney is damaged, your second kidney would be damaged after 'x' days. Your lungs would deteriorate by 'y' days. And you would die within 'z' days. And the fact of the matter is Pakistan is largely a deteriorated society. Nobody in his right state of mind would be willing to invest there. Yes Sri Lanka has defaulted on its debt, but i can tell you they will recover. They may recover by 2, 3, 5 or 7 years but they will recover. As soon as the situation in Pakistan deteriorates, it will inevitably go down the Afghanistan way. Because the society is radicalised and reacts to the directions of handful of people. It cannot recover by something like India did in 1991. Because investors are in no way investing a single penny, with such a unrest in the country.
👍🏼👏👏
Only problem is they have the nukes
The religious bigotry is so bad in Pakistan they don't issue normal marriage certificates to Ahmadias. I saw one guy's post in a visa forum. He was struggling to prove his relationship with a legit wife because as per him the Govt authorities were officially not recognizing his marriage and issuing a certificate. Poor guy. Then I remembered what I had learned through CTCs about the plight of Ahmadias in Pakistan.
Thank you Shekharji for broadening my perspective by adding to my knowledge the peculiar regional issues in Indian subcontinent region.
Hi Akshay, thanks for writing in.
Nothing in this world is FREE especially in RELIGIOUS POLITICS ...!!!
THANK YOU SHEKHARJI...!!!
You have clarified the matter nicely.Thank you Sir.
Economies melts down due to Kejriwal type of freebies. Anything free has very less value by the receiver but the tax payer pays a huge price!
Ok, so These 3 4 state government are responsible for economic decline in India
lol you have no idea how money works
By your definition all welfare nations should have gone bankrupt by now.
@@gauravbalouria9913 hahaha u know how it doesn't melt with freebies!!!!
Must admit - learnt a new term - Dutch disease !!
At times , I wonder what would have become of India had late PV Narsimha Rao not utilised the service of the brilliant economist Sardar Manmohan Singh during our balance of payment crisis …
Rest is history.
He actually showed us that you can get better outcomes without being a member of one particular political dynasty.
MMS became MMS because of PVN n not the other way round dear
@@shabarinathrao7870 Yes Sir , that’s what exactly I posted here .
Spoken like true leftist Bengali.
@@amitaprabhakar2152 This ought to certainly be another left winger sympathetic individual whose acerbic comment are best dumped into the dustbin of history !
Out of 25 two are from pakistan . Great achievement
Thanks for a brilliant explanation about the dutch disease, cash-strapped Pakistan's economy, and more. Their economic policies and competent Prime Minister has contributed mainly to these scenarios. This can't be a case in India, at least for the next few decades, until we have a PM like theirs.
A very apt analysis on Pakistan eco situation. The issue is that we people do understand the problems but the root cause is the military & the the political mafia apathetic to it. Its all political here. Its common here, that when a Pakistani deals with a foreign business they first ask for their share 7 least bothered about the price. In India they first establish the price & then ask their share. sad though
Well, the blame should go to the people who treat the army as sacred and never demand accountability.
@@alienfromsaturn8909 no, we dont treat the army as sacred, they are just too powerful, SOME Pakistanis think strong army means a lot, but that does not reflect on most of us
@BAPPA RAWAL Ghazwa-e-hind as a narrative is probably something RAW started by using people like zaid hamid and some paid maulanas. It wasn't something that people in pak spoke of before 90s. It was used as one of the tools to radicalize youth and it had bigger benefits for India than for pak. So I doubt if its a mischief of indian intelligence agencies
@BAPPA RAWAL That's astray the point of debate.
@@muhammaddaud6546 exactly, and he can't even substantiate that. It's his opinion
Thanks for superb quality content!
Hi Tarun,
Thank you for supporting our journalism.
Bhai itna pesa kharch kaiko inko milte hain pese
Excitement on Shekhar’s face talking about Pakistan is real :) I hope some sense prevails in our neighboring country and in our country too
basically pakistan is superb cautionary tale! everyone learns from it: “what not to do?”
Yeah they are warning and saving the world
Srilanka is also giving us free lab demonstration
@Hearts N Eyes OpenWide Eyes OpenWide wrong assessment, dharma rastra would be better than Abrahamic rastra, as dharma religion is more secular in general, those who believe in crores of God's have no problem believing on one more God say Allah or Jesus but vice versa is not true as Abrahamic religion says their God is the only God and none other than itself,
Gets ur thinking right
@Hearts N Eyes OpenWide Eyes OpenWide most of the post 2014 ppl u mentioned wants equality instead of mi original appeasement, u don't believe then check the laws especially about the temple ownership and wakf property act, this is not equality, muslims want to spread their religion as they think it is Supreme so it's they who goes into other religions turf.
Those who lecture on secularism shd get the most important thing that a religion in itself can't be secular, and so does the may things related to it.
Further if u think that like pakistan minorities are tortured in India then God help u, our Muslims behead ppl and threaten other and u all say they r scared,
We don't want to interfere in their matter but we also won't let anyone interfere in ours.
@Hearts N Eyes OpenWide Eyes OpenWide in Pakistan you will killed for Muhammad and in india you will not killed for blasphemy...
Indian civilisation and its culture are its identity..
When Parsi and jews came india they are welcomed because Hinduism culture himself is a democracy it gives rights to freedom of speech and reforms in society if something happening wrong..
Very clear warning that if people start to fall for the AAP "everything free" trap we are heading for disaster. But unfortunately, who looks beyond today.
Yeah no populism by Modi apparently.
- No free gas cylinders (Ujwala yojna)
- No free houses (PM aawas yojna)
- no free ration (gareeb Kalyan yojna)
- no free electrification (saubhagya yojna)
- no direct transfer of cash (sometimes just before state election)
Forget socialism (at least it goes to the poor) , Modi ji is making disastrous economic policies like :
- corporate tax cut - 1.45 lakh crore of freebie to corporates
- loan waivers - 8 lakh crores to corporates
- spending 18000 crores on Central Vista
- spending 8400 crores on two new planes for Modi
- spending 1.08 lakh crores on bullet train
- 50000 crores on real time survailence of citizens
- 2000 crores on statue of unity
- 800 crores on Modi stadium
- 900 crores on self publicity and ads
- Demonetization
But kejriwal giving free bijli, Pani is bad.
@@mrgyani In spite of so many "OBVIOUS FLAWS" Rahul Congress and the opposition continues to loose state after state! These are not the days of empty slogans like "garibi hatao" which people blindly bought into. People are more informed and back what works for them. Kejriwal with his "clean image" politics will soon be exposed like Satyendar Jain.
Pakistan topic is just bread and butter for Shekhar ji. It's always a hit with its target market 😊😂👏
Not necessarily, he has done many videos on Bangladesh, Sri Lanka, America etc.
Of course he has actually been to Pakistan more number of times as a young journalist so he knows more about that country than many others.
Aisa hota toh views aate jo aanahi re
I know your body is in India but your heart is in porkistan
Wow, Guptaji, your analysis on various topics is improving day by day. Keep it up ji...
What a balanced and honest analysis....great job
might be an oversimplification but I think subsidies and freebies should be illegal and salary and pensions of politicians must be cut if Debt to GSDP is > 20% in Indian states, but alas we know how the public have goldfish memory, many just need a villain to blame for all their loss, without them taking any responsibility, look at Sri lanka, people were praising Rajapakshas for freebies and enjoying without a care, now they are protesting, what's the use? crazy how a few thousand people destroying public property can overturn the democratic aspiration of millions who are silent, crazy how many people like to be spoon fed by the govt for all their lives, crazy how people can be made to polish the prison bars they are are told that is freedom, crazy how all of this can be weaponized. Paradoxes of democracy.
I read the thread in twitter and 1 hour video of Atif very informative and very well explain. After all the good work done from by all governments since 1991 need to appreciate the people for voting wisely and Modi at large not giving in for populism (there are few instances of loan waiver). I hope AAP would not succeed in giving free stuff in hunger to grab power.
Yeah no populism by Modi apparently:
- No free gas cylinders (Ujwala yojna)
- No free houses (PM aawas yojna)
- no free ration (gareeb Kalyan yojna)
- no free electricity (saubhagya yojna)
- no direct transfer of cash (sometimes just before state election)
No free toilets, no loans for poor, no medical insurance, no pension schemes. BJP supporters themselves boast about their socialist schemes for the poor, and how it helps them get votes and win from rural areas.
Forget socialism (at least it goes to the poor) , Modi ji is making disastrous economic policies like :
- corporate tax cut - lakhs of crore of freebie to corporates
- loan waivers of 8 lakh crores to corporates
- spending 18000 crores on Central Vista
- spending 8400 crores on two new planes for Modi
- spending 1.08 lakh crores on bullet train
- 50000 crores on real time survailence of citizens
- 2000 crores on statue of unity
- 800 crores on Modi stadium
- 900 crores on self publicity and ads
- Demonetization
Modi's socialist policies covering every field (including free electricity & water) is good. But kejriwal giving free bijli, Pani is bad.
@@mrgyani bahut hii bakwas reosoning diya hai. Economics 101 ka course kar le pehle
Watch imran
@@mrgyani I understand your love for Kejriwal I am no fan of any politician if it comes to greater good of India if you read my comment I appreciated every government for past 30 years. I see it as bribe if I come to power I will give free power and water.
@@mrgyani
Do you even know the difference between populism and welfare ? 🤣
Free toilets and cooking gas improves health of the people because they don’t go outside in the dirt or inhale smoke while cooking. Healthier people can work more and increase GDP.
But free or cheap imported petrol is a wasteful subsidy which doesn’t improve any health or GDP indicator.
All subsidies are not created equal 🙄
Thank you for this. CTC is a blessing for busy homemakers like me to keep me informed. Behind everything there is economics. Politics follow.
It's so amazing to know how different people tend to watch CTC
Good in depth analysis. Appreciate your study and passion to explain.
I would say that it is the dollar strengthening rather than the rupee weakening. If you look at the currencies of other major economies, you will find that in comparison to them rupee has actually strengthened.
Our so-called "liberal" media never looks beyond the all mighty dollar! For them there is only one exchange rate worth considering!!
So we should appreciate our govt to control the economic situation.
I like the way you handle information and present it to the audience and listener for him or her to make their opinion
So much factual insight into Pakistan's economy, very well written and presented - thankyou Shekhar ji and The Print team!
Hope you will you will take up topics of Indian demographics like, job's, household incomes, taxation, GDP growth, inflation, corruption, law enforcement, health, education, water table, pollution etc., say, once a week?
Commendable that you found Atif Mian and you catching up on economics. I learnt from your review of Mian’s work how the forex spread is a good indicator of foreign (private) capital availability. Thank you.
While “Dutch Disease” is a rather well known concept among (development) economists, what I got from Mian was explaining political economy based on the pursuit of the elite class (who always win in the context of a particular country). In Pakistan, apart from the Military (since the Independence), the land holders are the elites, whereas in East Asia, the elites are export oriented businesses. In comparison, for example in Gujarat the elites are the trading class who influenced Patel to oppose Nehru accepting cross-subsidy of the land holders as part of keeping the whole sub-continent together. Fortunately, PM Modi is cut from the same cloth as Patel.
Hope we are ready to talk about “religion” in Modi’s India - elections. Is that why India got rid of a top-notch monetary economist such as Raghuram Rajan to get Urjit Patel (and now Shaktikanta Das)?
Bengali as gaye Pakistani admiration ke liye.
@@amitaprabhakar2152 So a Princeton Prof. can't be praised, for some of the things I found useful, just because he is a Pakistani? If that makes me Bengali, I take it as a complement.
Top notch economist raghuram rajan. Looks like you never believe that other people can be good as him . Not everyone gets recognition like him but still others can be good .
@@rahulsaini5596Actually, I agree with you. Good people often go through life unrecognized, except to friends and family maybe, and may never reach the stature of a luminary. Sometimes, don't you think there are luminaries who shine so brightly that you are glad he is batting for you? Think about it.
Pakistan's problem is that the religious rights of the majority does not allow free thinking and the blasphemy law doesn't permit allow non Muslims to do business there. They like to work in a strict and tight jacket as per their religion. The business will grow only in a true democracy with plural society be it religious or linguistic or racial..
Not so simple in the case of Pakistan. During socialism Indian government was everywhere, in the case of the Pakistan Army is there almost in every business. On the top, Chinese business people are given special status and tax rebate. Why an Investor like to invest when he is assured of loosing it?
Fooling people and making money is what all religion does and buying properties in foreign countries and living a luxurious life by politician and Godman
Bro i am watching this video from Karachi and there's no such fucking thing as restrictions of doing business for minorities, we co exist with minorities here and there are a lot of Hindus who do business here without any restrictions.
@@ZeeshanKhan-xb3fw why you guys klled that Sri Lankan last year? Why are the businessmen from foreign countries not investing in Pak? This includes the businessmen from Muslim community itself. So exactly, what is the problem Pak is facing in attracting foreign investments?
@@indiankuttan401 Political uncertainty, Pakistan was attracting a lot of investments and funds for startups in 2021 and at the beginning of 2022 but due to the no-confidence motion against Imran khan and rupee depreciation, the investors became hesitant to invest in Pakistan
For a reason we call GuptaJi a Professor, yet another class on economics which every Indian must watch.
He lies on secularism though
Rarely found excellent analysis in current times in midst of high decibel 24 hour news channels.
🙏
Hi Arpan, thanks for the appreciation.
So basically Modi did a good job..
Funny thing is it's because of too much savings in the form of retirement funds, employee funds which leads to bad debt. So much money (dumb money) leads to bad investments/loans. This is why you need growth to facilitate the savings
Eye-opening. Must watch episode.
I have to say that your research is quite thorough and presentation very logical. Really a good learning and an eye opener as well. What are your world views on the current and future global circumstances?
Another aspect that I read was land mafia grabbing prime irrigable land to build massive housing societies. This in turn has reduced irrigation produce leading to imports. Their army I guess controls business too. Pakistan has many self inflicted wounds but does not seem ready to accept the consequences for any . Only after accepting that consequence can they start making changes to get better. But, "better said than done". Thank you for a very informative video.
FACTS ABOUT PAKISTAN
Pakistan is a federation in true sense unlike India, it is a recent phenomenon, services tax are directly collected by provinces and it remains with them, and as per 18th amendement 58.5% of share - collected by Central government - goes directly to provinces, 45% goes to central government, in that 45% when you take it 100% as separate entity, only 18% goes to Milirary so your assement is not based on fact but perception and pseudo construct build by Indian media, our major flaw is planning in CPEC, poltical decisions by Nawaz Sharif were wrong as govt had to win next election and energy projects were terrible. Milaray factor is long gone, and now youth of Pakistan is asking questions from governments and it has to deliver on economy, that is a postive sign.
Moreover people have money, no matter how much money you throw into market in form of exports, economy grows but governement can't collect money in form of taxes, that is a flaw, we need structural refrom. Pakistani market if remain unregolated can grow iwth 15% GDP growth rate in a single year but government will run out of reserves as mostly it will be exports based. This is what Atif Mian said.
EDIT: 45% of central government share when taken as separate entity consider it 100% in that 100 only 18% goes to miltary. To give you a clear picture
Shekhar the situation of Muslims in INDIA would have been same as Pakistan, were it not for educated hard working Hindus. When will you be able to point that out
Never. Dont hope them to shed false political correctness.
Bhai, you become educated yourself first then you will educate others.
Today the 'educated' Indian public believes and spreads cartoonist WhatsApp narratives - of how evil forces from all around were surrounding this country and how Modi mahashay came at right time to save country. And how he is single handedly fighting all these enemies and evil forces to keep country alive. And how there are people within India and outside who don't want India to progress and always conspiring against Hindus. And how Muslims will swallow you up if you don't unite under Modi. Not to mention the various grand delusions of hindu civilization and so on..
Shekhar ji inadvertently mentioned the name of the Pakistani noble laureate. His actual name is Dr Abdus salam. He was the head of International centre for theoretcal physics at Trieste in Italy.
Hi Shekhar and the print team. Just a little fact check, I think on point (1) when he mentions the spread on $ Debt to be 16%, I think he is probably referring to the yield spread between US govt debt and the PK govt debt (both issued in their own local currencies) and hence because of the high yield, only speculators would want to buy PK govt bonds i.e. only speculators and not investors and hence it is closed to private debt funding. Also their rating is B- and that is probably another reason.
Pakistan is just like indian national congress.
Never want to change, rigid mindset and does silly mistakes again & again..
2:13 it shows the degree of servitude that mr. gupta has towards maino-vinci family, that he can never praise INDIA, even a little, and left alone praising our honorable PM who has elevated INDIA's global standing
@@finickygods3896 some people can never be satisfied! I am sure environment and globally competitive industry existed and flourished during mannu's government and jija ji ran it!
Greetings from Pakistan- agree with your analysis. Corruption of the elite is a hidden factor crumbling the economy.
Totally respect the approach of showing red flags using neighborhood examples.... System should get its act together before we head towards the fate same as our neighbors... Clinical symptoms of the day may become a syndrome tomorrow...
Growth of last 5 -6 years are better than fast growth rate of UPA era which was based on unchecked bank borrowing and wilfully defaulting on it ,coupled with corruption.
It always has Saudi to its rescue. Its case is different to Lanka's, because of this.
Not for long now..even Saudis want to dump them..
Very good analysis and information. Thank you
Thanks
Hi Ravin, thanks for supporting our channel.
How do you define a policy as populist ? Is there an acceptable yardstick ? What appears to be dole in a particular state is a necessity for another to take it forward on development path.There would be no unanimity on this point.
In the recent covid pandemic, every top global economist including Dr.Raghuram Rajan & Abhijit advised india to give dole upto Rs.5000/= to each citizen for certain period of time in view of exceptional context.
When Kamaraj as Chief minister of T.N launched mid day meal scheme in 50s for school going children he was severely criticized. It was equated with populism with a hidden motive.
He was critisized for squandering of state scarce resources ? But for that scheme T.N couldn't have become one of the top most educated & foward looking states. Now the same scheme is hailed & has been replicated in all states
Now DMK Stalin has been giving Rs.1000/= P.M. to college going girls to encourage them to pursue college studies. Many countries have been giving subsidies for exporters to boost exports to earn forex.
Are all these doles ? One has to look at the context, purpose, uniqness & necessity of the situation to define dole & populism .
Looking at the economic woes of Pakistan & Srilanka from here & comparing them with india is far fetched & wouldn't be realistic.
Only economic experts of those countries could study & analyze the causes & suggest appropriate remedies based on differing ground realities in both countries .
In simple analogy, each individual is a different patient for the same sickness. The process of their treatment may vary. That can only depend on their other health factors & age.
A welfare scheme will become populist if the govt gives all instead of giving it to the deserving people. In the case of TN
1. In the yester years they gave TVs, mixies, grinders, fans to all
2. Now 100 units of power is free for all including those who are affording multiple air-conditioner at homes.
3. Free bus passes to all women. Yu may even be a IT paying IT professional
4. Free rice to all.
India mostly imports Crude and refines it to Petroleum (rather India also exports refined petroleum), unlike Pakistan which does not have enough refining capability.
India just need to replace Petroleum products rest They will be in benfits coz every thing India develop from needle to Fighter jets
@@ExMuslimZulfikarali Lol.
Hats off to amazing impartial analysis
make a deep-dive episode on the Indian economy as well please its much needed!
Good info. Thank u Shekhar ji.
I don't agree with ur IDEOLOGY but I THANK YOU FOR THESE SIMPLIFIED INFO ABOUT PAK.
THANK U.
Hope Kejriwal Will Stop Giving Freebies Other Than Giving Free Quality Education. After Watching This Video ..!!🙏🙏🤞✌For his Vote Bank Or He Will Be called as Indian Version of Imran Khan
He gives free and quality education .He also provides good medical treatment.
But what about Modi and Yogi .there freebies scheme is being ignored by you illiterate people
SG Sir
Fantastic Episode.....
Good explanation and very informative.
11:34 Tragic how a government led by one of India's finest economists left the country in an economic mess. I wonder how India would've been economically if Dr. Manmohan Singh wasn't a puppet PM.
Completely Agree Gupta Ji.
So very very nice to see ShekarGuptaji...giving bad bad names to all of us. Addict...addict..IMF-Addict..💥🧡 The-PRINT style of reporting news&Views today...in this times.
I hope our India won't see any refugees problem from the Pakistani side if the things get worst
India would be their last choice. Although I don't see Pakistan going through a civil war. The Army still has a strong hold there. And since they have nuclear weapons, the US and the associated partners would think twice before letting Pakistan down.
They'd much rather eat grass and keep their arrogance than depend on India, the seed was planted during Zulfikar Ali Bhutto's leadership when he said Pakistanis would eat grass but develop nuclear capability, same dude is also credited for wanting to make Pakistan an Islamic bomb. Zulfikar Ali was ousted from power in a coup d'etat and then hanged in secret by his Army Commander in chief, who contributed dead Zulfikar's work by adding the toxic Jihad and Islamic radicalism into it. Culmination of all these far sighted extensive projects since last 50 years have resulted in the Paxtan that we have today
@@kaidi_p hmmm 🤔 i agreed with your argument
@@kaidi_p I don't agree with you! They have a habit of setting new low every now and then.
You mentioned couple of times that Pakistan 🇵🇰 is likely to be failed state, but do you still feel they are not failed state. They are already failed. Also the economist has not uttered a word against the 40+ years of war. They are fighting the war on all sides of their border. The country is for the Army. Results are for all to see.
Pakistan has to fix the Army obsession. Start doing normal business with India. Their well-being is to have a close economic ties with India. China will suck their blood.
Either now, or in 2 years or 5 years or 10 years or 100 years, India and Pakistan have to sit and talk and solve their matters. The sooner the better.
Germany and France fought for hundreds of years, and they realised war was not helping either sides. Now they are friends and their citizens much prosperous than ever.
Failed state? Yet have better continous hunger and happiness index than India since years.
@@engalipak lol those indices mean nothing. Sri Lanka was way above in that rankings, what are they doing now, who's helping them now. Why is Pakistan begging every 2-3 years? India is a stable economy and doesn't care much about these globalist unscientific metrics
@@engalipak bhai sri Lanka b us index me better tha
Pakistanio ki sbse bdi dikkat international relations se leke har chiz me islam ghusate ho
Doosre religions ki respect ni khaskr hinduo ki
Or tumhare politicians ne welfare state ki jgh military state bnadiya tumhe.
Tumhari fdi 1 b usd thi 2021 me or india ki 83 billion usd
Thoda soch smjh k bola kro har chiz allah nahi thk krega agr usne he thk krni hoti toh tum logo ko nahi bhejta niche dhrti pe
Apne kaam khud krne pdenge or religion ko gr me practice kro na ki politics me
Dushmani apni jgh h ind pak ki par log jo bukhe mrenge pak me usse dukh sbko hota h
@If
Thats the real peace and wealth.
Great analysis, very interesting…
Beautifully explained
Punjab is going the same path on populist policies by Bhagwant Mann.
I think 4:00 definition of spread is wrong. Spread usually refers to difference in bond yields.
Meaning in this case difference in interest rates that Pakistan pays vs what US govt pays on borrowing in dollars.
The US govt can simply print US dollars so it is presumed that their rate is baseline/least likely to default.
A spread of 16% means that Pakistan is substantially indebted and is consequently more likely to default.
I think, Shekherji is right but you are also not wrong.
A spread can have several meanings in finance.
A timely assertion fro our PM against the freebies. Oil should never be subsidised, as it is used by people who are relatively better off.
Well explained.... 👌👌👌
I hope state government who realize free subsidies must take lessons from this.
The irony is that over 99% of Indian voters actually want our govt to follow exact path of Pakistan and Sri Lanka - subsidy, handouts, freebies, low indirect tax (gst) etc. However, India may survive this global crisis only because a large part of Indian also blindly trust Modi govt so the govt have some room for balancing out people pleasing policies and unsustainable debt.
If subsidizing is an issue than with us also it persist that fertilizer subsidy, subsidized agri input, loan waiver & than rationing the foods, for us this is also an issue, how we can overcome it
Very true in the idea - but much of it is not imported by India (esp. fertilizers and some of the other inputs). Also, the size matters - agricultural use of these inputs like energy or fertilizers aren't that big in money terms compared to other manufacturing and industrial energy use. So the relative size matters (Ind. vs. Pak). Also much work is being done to reduce agriculture's water, energy and import dependance footprints in the past decade or so in India.
Eventually India will need to relook at the market forces in the food/ag sector and make some adjustments from the ecological standpoint rather than the economic standoint - but that is an altogether different discussion.
Yep, that is what farms bills wanted to tackle to some extent but now that is history.
@@nirmalyachatterjee4473 thank you
Another nice and informative episode