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What non sense Think School?? Have you ever heard of Muslim/Christian/Saudi rate of growth??? How dare you use the name of hardworking Hindu community to denote low growth when most of the reason for slow growth was nympho Nehru and his polio ridden policy..change the thumbnail asap
One question should be asked to economists in developing countries or developed countries They do give incentives, but they do collect some small taxes on their income and their agricultural productivity Why does India not tax that Even smear just one per cent it will make them productive and force them to ask the questions, force them to be innovative - competitive.
Yesterday only I saw him on podcast called the neon show where he explained how Kolkata was murdered . I live in Kolkata and I agree with him. Bengal, rich in culture and heritage, was once a beacon of knowledge, industry, and arts.The state that once led India’s thoughts and dreams now feels like a fading memory. The saying was What Bengal thinks today, India thinks tomorrow. Now it feels like history.
The communists took over west bengal & refused industrial revolution whereas here in Maharashtra 4 cities emerged as economic hub, tax systems got revolutionized, that is why today Maharashtra ranks 1st in per capita income aswell as in GDP in India. I remember once TATA wanted land for his industry in Bengal but Mamata refused to do so, how can we expect growth for west bengal in genral.
He is one of the man in modi government who talks about things in a systematic manner and he is one my favourite speaker scrr have produced many brilliant minds he is among one of them ❤
@@noirdezzir8424 You are a muslim everything which makes sense to real people doesn't make sense to you. He is more qualified than your 10 generations combined. The things that you believe in doesn't make sense to the rest of us.
The model he introduced for education is something we need for development. The use of internet and getting the best lectures out there from all over the world is the obvious way to go. Especially in college life, because I know 99% of students study the night before exam and rest of the time no one cares what teacher is teaching they all go just for attendence. So instead of this waste of time students just get hands on experience in nearby companies, solving and improving their products.
@@aqualord6285 I don't think he meant distance learning, not like online classes, it's more about students going to college, choose a company, visit and learn, then brain storm along side faculty and finding a solution eventually proposing it to the company. Mean while faculty can relate it to the subject matter and deliver their knowledge and suggest videos and for exam purpose students should get open ended questions so that they can uses their brain and not just mug up answers
I agree as well, but this may face backlash due to mass unemployment among teachers. Only a few teachers who are truly skilled at their craft will be rewarded-one teacher per subject. This could benefit students by improving the quality of education, but on the other hand will also result in the loss of 1 crore jobs held by educated teachers.
Sanjeev Sayal is something! I never thought like that in my life about how to make ourselves productive, do innovation while we are in college! That line of Poverty of Aspirations, that is struck in my mind!
I positively envy his knowledge and communication skills. I will learn to be as good as him one day. He is able to persuade the other person regardless the discussion.
I feel the following are the challenges in India: 1. No population control and less tax base. 2. Talented people and professionals are migrating to other countries. 3. Some corporate companies are moving out of country due to heavy taxes. 4. Middle class are getting burnt due to excessive taxation system. 5. Freebies are pickpocketing the economy. 6. Rich farmers are not being taxed and they're enjoying all incentives from the government. No government dares to tax rich farmers. With all these big challenges is it possible to increase per capita income and achieve economic stability?
I didn't understand why government are unable to show strength against rich farmers. Rich farmers are empowered. Why they need incentives? They should be taxed. And since number of rich poeple or farmer is always lower than number of poor people or farmer, then government should actually get general public support. Where is the problem coming? Please answer it properly even if you have to go in detail of small things related to politics.
Not a single genuine point, only crying over taxes 😅. Implementing the the Rule of Law and bringing reforms in school education are the crucial things.
@saketmeena9581 all points are valid. But again go back to what happened to farm laws. 99% of indian farmers were NOT blocking roads. It means they were in favour of the laws. But the 1% farmer population got the road blocked for more than a year. Damage indian economy in crores. They got further boost from our very sinister opposition parties, foreign media, foreign ngos. Plus those 1% population showed that they will vote in block just to out the govt. They will not see govt performance, infrastructure performance, inflation control, caste, local candidate, or freebies. So the actual loser is the 99% diligent farmers who did not say to govt - that we are with you come what may.
@@saketmeena9581absolutely. But we all know what happened to farm laws... political unity is completely missing. All these regional parties are more interested in taking political milage than thinking for the country. Now imposing tax on rich Farmer is far more complex & politically difficult job. Full political alignment is needed which I think is almost impossible in near future
I am an MBA graduate, worked for 4 years in corporate, and found my family business was more profitable if i spent time in business. I am completely from a non-engneering background, everyone in my surroundings suggested to go out of the country and earn big, but I choosen to stay in India and built imported engg products in India, at least 50 products as initial target. India itself is a huge market and if we workhard and burn our hands in business we can experience the problems need to be solved. From the past 2years I learned a lot and Yes, It's not only the problem of education system it's the aspiration my fellow Indian's are not capturing. Request to all MSME's/Non MSME's sons and daughters to look after their family business/market and if there is scope on any of your observations please work on such product/service and contribute to the country and later to world. If everyone chooses masters and settles in other countries how can our country grow in manufacturing? Try to make something new and contribute to Make in India movement, Jai Hind.
I'm from India and live in the US. There is great potential for Indian manufacturers making tools, equipment, and even public infrastructure goods such as decorative street lighting fixtures, etc. All the US manufacturing moved over to China and now they can't maintain the supply frequency or the quality. So there is a big opportunity for Indian entrepreneurs to step up their game and make it big.
This was one the best episodes of ThinkSchool. I could keep listening to this conversation for hours and hours. Wouldn't we love having such masterclasses more frequently, which is more educational than the theory taught in colleges.
I did my masters in IE in US. We are an onshore supplier for major clothing and fast fashion brands. On a revenue of ~$300M, we invest about $10-15M per year in R&D and capital equipment. Our Indian counterparts, which are less revenue making but more profitable in net margins terms, invest only about 2-3% in R&D and capital equipment, rather preferring to float on their cheaper labor factors.
Saar US has printing machine Saar. China is apt comparison not US. Even China has his caveats but still India has its own unique problems majorly policy thanks to you know who
There isn't any culture of r&d in India. India mein most people have the traders mindset and not the innovator. So its all about the money and the money now. Look at our richest people, hardly any r&d going on there. I think only tata does some investments in it, rest don't even bother much.
@@HitchhikersGuidetoScience Is that how it looks? There are too many problems for pvt companies previously to do R&D now it isn't the same. But I would say go by your preconceived notions that's much easier.
@@KVSrirangam Its not easier really. I will give you an example from what someone told me he was going through a couple of months ago. He wanted to do some biotech work here and needed some equipment which isn't available in India. Now if he buys it as a pvt company the duty on it is 33% and and same machine if bought by a big govt institute has the duty of 5%. But lets even accept your premise that it has changed. Why aren't we seeing any difference in the output or spend on r&d from the private sector (private sector spend overall has been dropping or staying low). Even if we talk about our premier institutes, their research output has also been abysmal.
Mr. Sanyal is a visionary, some of the points he laid out on current eduction structure and how we can naturally bypass it's shortcomings was really enriching. Great conversation.
bro to be honest these contents in this channel are the one every Indian should know and also should be discussed and debated by the policy makers so that we all will have bright future. also its in English as a guy from Chennai we all can understand it. let us upgrade our knowledge and also contribute to make our country proud as Indians. Jai Hind
A lot of we didn’t do this and that till 90s is said … had USSR not crumbled we would have followed the same socialist policy … it’s not a congress bjp problem. We as Indian need to decide what we want - not justify our current regime. Let’s take advantage of the market and make India great economic power. I don’t think we depend on Modi or Rahul to become successful. They depend on us.
It's certainly a policy issue.. Typical socialist, communist mindset is the problem.. It's right that in capitalist countries, equality is followed more strictly than in communist countries.. When modiji came, we can see the entire things changed.. Business is now more important.. We think we are competent in the world arena.. When Congress was ruling, we thought we were slaves..a good leader makes the difference
As I saw think school liked this comment, i just thought a bit more on this... Addressing the Lack of Aspiration and Ambition: Understanding the Risk-Averse Mentality 1. Introduction: The Risk-Averse Mentality A common barrier to ambition and aspiration, particularly in the Indian context, is a risk-averse mentality. While being risk-averse is not inherently negative, it’s essential to explore its causes and potential solutions. 2. Causes of Risk Aversion A. Peer Pressure Fear of Failure: Many individuals fear taking risks due to the potential for failure. Social Judgment: The fear of being judged by peers if a venture fails can be a significant deterrent. B. Personal Circumstances Responsibilities: Individuals with fewer responsibilities (e.g., students) might be more willing to take risks. Family Dependence: For those who are primary earners in a family, the stakes are higher, making them more cautious. 3. Impact of Risk Aversion A. Limited Ambition Calculated Risks: Family persons or those with dependents often take calculated risks, prioritizing financial stability. Restricted Growth: While this approach minimizes risk, it can also limit ambition, as individuals may avoid larger, more rewarding risks. 4. Solutions to Encourage Risk-Taking A. Building a Safety Net Support Networks: Family or friends can provide financial and emotional support, reducing the fear of failure. External Financial Assistance: Government loans or other financial support can offer a cushion, allowing for risk-taking without compromising financial security. Shared Responsibility: In families, the risk-taking individual might focus on the new venture while another family member ensures a steady income, creating a balance between security and ambition. 5. Overcoming Societal Pressures A. Avoiding Herd Mentality Self-Assessment: Instead of following trends blindly, individuals should assess their own strengths, skills, and interests. Informed Decision-Making: Understanding personal strengths allows for better decision-making regarding where to invest time and resources. 6. Building Confidence for Risk-Taking A. Starting with Self-Awareness Skill Development: Individuals should first focus on areas where they are already competent, building confidence in their abilities. Incremental Risk-Taking: As confidence grows, individuals can start taking calculated risks in other areas, gradually increasing their ambition. 7. Conclusion: A Step-by-Step Process Gradual Progression: Overcoming risk aversion and fostering ambition is a step-by-step process. Reinforcement through Success: Each successful step builds confidence, encouraging further risk-taking and ultimately breaking down the barriers of risk aversion. if someone feels this is useful, it will help..
Aspiration and ambitious people are the ones who leave the country, because they have brains to conclude that using their talents on foreign land is 10 times better than in India. No one is going to wait until when Modi will reform India, nobody has that kind of time to waste. Edit: building a business in a well established system is easier than "still figuring out what to do" system.
@@varunshivan9569 agree!! But given the context, there is growth in India comparing to not having growth in other countries, after sometime, Indians will come back to India in later stage after 5-7 years maybe.. at that time, they can invest more.. in India.. this 5-7 years cycle will decrease soon given the fact there is many reforms taking place and many more to come. More business friendly reforms will make more Indians stay..
@@hari_madh I think this is an overly optimistic view of the country you have presented. I might sound very pessimistic but hear me out. Couple of things, 1. The number of Indians returning is minuscule compared to those leaving the country. Also, amongst those returning, a large majority are not returning because they are mesmerised by India's story - but because they are facing visa issues. They intend to leave India again once their visa issues are sorted. 2. The political landscape in India is still not pro-development and pro-progress. It is still largely hyper-socialist and full of regressive ideas like more reservations, more freebies, more caste and religion, and more populism. India loves to romance with socialism. If you remove a few leaders like Modi, Gadkari etc. from the equation - where do the politics of this country stand? Does the current and future leadership inspire confidence that they'll prioritize the development of this country over everything else? We all witnessed the recent LS election. Did ANY political party make development and growth the primary topic of debate? None! See, big companies don't just plan for the next 5-6 years; they think long-term, and if the leadership doesn't give them confidence, they'll not come to India to set up large factories. Unless majority of big political parties make development their primary agenda, I don't see India going anywhere near to being called a 'developed country'. The best it can do is reach 3rd spot and remain behind the US and China. The gap will still be large between second and third place. 3. The reforms you are talking about are all cosmetic. Successive governments in India have failed to address real reforms like simplifying land acquisition, tax reforms, judicial reforms, and administrative reforms. They are all difficult and unpopular reforms, and no political party is ready to expend their political currency for it. Have you seen ANY political party talk about it in their election manifesto? They won't.
Excellent . Finally . An economist who was fair to the evolution in our country over years since 1990. I was amused to find you slipping in the then PMs photo to exhibit the liberalisation was done by him. You conveniently forgot that not only Mr singh but was Mr.Narsimharao who provoked and encouraged it Mr Sanyal was fair in his assessment and it was pleasantly startling to hear his final take on graduate education system in India I always mentioned to my friends and posts why have special IIT colleges where only few thousand students feel special whereas the aim should be to enhance the quality of education in all the lakhs of colleges around the country . No need for elitism and crore packages The next big important point that deserved an applause was when he spoke about the well educated mbas who don’t know screw from bolt and cannot add major value to their industries other than powerpoints . This is also the problem with major companies who are losing their values thanks to board room PowerPoint obsession
The liberalisation done in 1991 was mandated by the IMF as a condition of bail out that country badly needed because of failed Govt policies of the time.
then why are good MBAs valued highly and earning well? how are companies like Mckinsey, Bain doing well an dpaying their consultants well? if they arent adding any value?
@@counterpoint9260 he doesn't have the answer this just something he heard and has carried forward. Even engineers in mncs are pushed by the company to either do an mba or be stuck in your role . Pichai did it
@@counterpoint9260 mr. Sanyal didn't say there's no value for an MBA. Like the argument says govt has no business being in business, an MBA's mindset is on expansion and maintenance of a business. Whereas an engineer's mindset or entrepreneur's mindset is on innovation. Fine line of difference. Doesn't mean that no one should do MBA. Only means that people with privilege should experiment
Within just two minutes, he dismantled half of your research in the Germany video. The way you handled the criticism with a smile was truly commendable
Sanjeev Sanyal is one of the best speakers who politely simplifies & decodes complex issues for a common man to understand. Moving ahead he has implemented numerous solutions to improve the system. He is addressing a key issues. They are one of the finest picks of Modi Government. Rather than listening to stupid politicians and their intellectual poverty on Adani-Ambani on business side or Savarkars on History side, its far better to listen to such intellectuals. Irony has India has many but not yet surfaced. Very through provoking podcast.
@@djokonole-j6vi would rather suggest that the govt. should implement the hire n fire policy of us in bureaucracy 😅 3 mistakes and u r out !!! Phir dekho, sab kaise business karenge upsc ke jagah !! No 1 Raja and 1000 nangi praja !! We need 100 mantri aur 900 sukhi praja mindset !!
@@honeyahlawat2917 bhai just imagine the protests that will happen when gov even mentions this, no matter the party. that too, being backed by coaching mafia's finance muscle. this will put any gov in a coffin
1.India needs some strict laws for women safety 2. Blanket Ban the caste system 3. Advanced Startup incubators in all states 4. Rural employment 5. Above average health infrastructure 6.Priortise Primary and secondary schools
Germany has so many mittle Stans because they have good roads. They can have small factory in small town and export it from there to anywhere in world. But some dumb youtuber says we don't need roads but lives in Germany.
it's not the full truth actually, infrastructure is indeed improtant but it's not the only reason Germany has such a successful diversified economy. Look up the "Blue banan" it plays a huge factor why West Europe is so wealthy. Also Germany was a totally destoryed country after WW2, usually countries who have experienced such hardships grow really fast with the right political mindset, same as South Korea and Japan and many more, they were totally destoryed after the war to a level they had literally nothing left. We might have experiences colonialism and extreme poverty but we have not experienced that level of destruction these countries experienced at least recently. These factors do play a role and form a societies mindset. Our way of thinking is very different to the way Germans think.
@@binskee677Germany and Japan were both industrial societies well before ww2. All they needed to get out of the post war mess was a Kickstart capital. That was provided by the Marshall plan and the Korean War. We absolutely need infrastructure and social capital which will happen gradually. It took Europe several centuries to achieve it
@@binskee677 I disagree, we might not have been bombed like Germany or Japan, but we were brought down to our lowest point in our entire vast history. See Singapore, no one bombed it, it was just a fishing village, but the leader of their country has created certain narratives that made its people work hard and they aspired to be great and they are great now. Look at what we did after we got independence, we moved to a socialist economy with such a huge country, I don't understand why there were no narratives that benefits the country, instead the narratives were about how bad our history was, how bad our society is etc. on top of it, trying to over correct the caste system with reservations without proper checks and balances which led to complacent system and corrupt people.
@@RPSA505 Singapore grew because of tax cuts for financial institutions, not only but that was singapores "Kickstart". And regarding india post independence, from a only economical policy i do agre with you but on the other hand, if india immediately would have opened it's market who knows what would have happened, too many foreign interestes might have destroyed the country. It was essential for india to have a strong military and to better educate their people before opening it's economy fully. We could have opened maybe 10 years earlier i agree, but if you look at from another perspective, the parties back then were able to keep this extremely diverse country with so many internal issues together which in itself is a big achievement we take for granted now, they were able to keep democracy alive and we didn't have any major famine. We did have internal issues and it lead to casualties but non of those issues really escalated. India is very respected all around the world from a political perspective and is able to run a strong foreign policy, everyone thanks BJP for it (i do too and rightfully so) but it's also a result of building this nation all those decades and equipping it with all the tools to have such a strong foreign policy standing. But those times are over and now it's time to grow for india economically and we have to go bullish on the economy.
No, germany can have so many stans because of their university system and the business system. They have a lot of good universities in germany even in small university towns. People from these universities usually want to set up their business close to the university (as they have been comfortably living there and can get talented labour from the university). Also the local govts support them in starting these businesses by giving them good initial capital and helping them in any other ways (local politicians know that jobs are always an election issues and industry means more jobs) so there's a full system. In here we don't have that many great universities, then a lot of the people passing out from there usually want jobs and not risk starting their own thing (which is changing) and then when one does. The system of all the rules and regulation slowly kills one's spirit of making a business work (it is not easy to start stuff here) here a person has to fight a fight on business front with the competitors and with the govt departments for all the rules and licenses.
This podcast lacked interaction, it was more like engineering Viva questions & answers.. actually Sanjeev sir balanced this podcast to go well by answering his viva questions historically answering from 1960-2024.. thinkschool should improve their podcast skills, who is that dumb guy taking notes in the middle of the podcast, he can watch his own recorded videos 😂 never seen podcaster taking notes in the middle
Yeah he is a politician first economist later. That much I understood. But he's an okay dude. Don't agree on a lot of points but I agree on some points which were logical. So yeah he's better comparatively I guess
I am more confident about Bharat's economic policies if Sanjeev Sanyal has a huge role in it - his ideas and thinking prowess are second to none - definitely a person who would make anyone at awe with his ideas and intelligence
Ganesh when a student works through college in India he is kicked out and his parents are called whereas in Europe and America they are funded by the University themselves.
Podcast with Sanjeev Sanyal ji could have been in 3-4 parts, each podcast focusing on one topic and going deeper instead of one video, barely touching surface of the topic.
Felt a historian and a avid observer ttalking, no depth and no major examples provided as expectations were set in the beginning.....eg: compounding example, process reforms example and so on.....feltt merely all talk...just my POV.
He wants to create a hive, otherwise who would do such bulshit comparison between Germany and India. He himself knows some of the answers very well. Recently I've observed this guy's video titles with question marks and they are sketchy.
You keep giving explanation to some terms which you think that it is not or may not be a nirmal term for many of your watchers. It was helpful. Thanks for your effort.
amazing conversation ganesh bhai. i was hoping you'd call people like the economic advisor sanjeev sanyal ji. you always ask relevant questions and bring out the best from the guest. these are the real conversations we need to have.
What India lacks is Unity, we are a divided society thinking in various directions, in color, caste, race, language, culture, food we are diverse, once we unite we will know the taste of progress. Politics, education, micro economics as we;; as macro and infrastructural development plays vital contributing factor in the overall development of Nation. Decentralisation of money and proper distribution system should also be in place.
Still surprised why this channel is not even in the Top 5 YT channels in India. We have Tips, Sony, Carryminati and so on entertainment channels that give zero knowledge on finance and economy. Bravo to this channels 👏
Younger generation those born in 1990s, 2000s do not know how bad India and policies were and extent of corruption. They dont understand that its BJP who pulled India out into a innovation, and business support mindset because of which it came out of poverty.
Crony capitalism and stagnation..that's the BJPs shtick. Furthermore societal disharmony and supremacy of one community. The BJP had the opportunity to make India great, but it's the antithesis of India's progress and future.
I have seen first hand how Laloo, Maayawati ruined UP Bihar and made it into poor backward states. How Bengal became a poor irrelevant state by communists. I have seen how congress governments did nothing but minority pandering, inefficiency and corruption. Only Narshima Rao did good, but only when he was forced.
@@MARKCRASTOwhat do u see growth between 2014 and 2024? Do u think India was better in 2014 than in 2024? If so I will vote for congress...Don't just share ur biased perspective.look at it from neutral perspective..
Oneearthen And you don't know all was started in 1991 And you are teaching those born in 90s and 2000 s I accept licence quota raj hampered the growth of economy But both extremes are bad Licence raj was one extreme and just opposite of that is current system And don't give whole credit to a person or party Accept good works of past leaders too. And you are talking like there was no change between 1947 and 2014 .
my great grandfather had leased coal mines in jharia dhanbad and guess what due to the nationalization we lost it. Today in the whole region there s barely any industry and infra. Moreover dhanbad chemicals which used to produce world class chemicals was forced out from here by the socialists for political gains
Mr Sanjeev Sanyal you have refreshed my memories of school/college days when things were very difficult. Leave aside Starting business even struggle of day to day like getting ghee, sugar , dal , rice was some time challenging as there were shortages due to socialist economy. Obviously business structures were pathetic which millennials and GenZ will not be able to understand or think thru. I have seen reforms of 90s, banking reforms, ease of making payment, getting money from ATM, IBC, GST etc Agree with Mr Sanjeev lot yet to be done in processes improvement. I still feel Income tax needs solid reform by simplifying it substantially. Being a CA I really enjoyed this pod cast 👍
I find Mr. Sanjeev Sanyal's view on education quote refreshing and insightful * He believes that the current education system, relying heavily on lectures, is outdated and inefficient. * He advocates for a shift towards more automated and online learning, allowing for greater access and flexibility. * He suggests that colleges should focus on research, certification, and testing rather than traditional lectures. * He emphasizes the importance of practical learning and apprenticeship-based systems, similar to the German model. * He believes that online education can be made almost free, dramatically expanding access to higher education.
@@dinesh6489 Thanks for sharing your thoughts! I agree that first- and third-generation graduates face different challenges. First-generation graduates often had to navigate education without much guidance, developing resilience along the way. Many are now in a stage of life where they balance responsibilities while still valuing the education they earned. On the other hand, third-generation graduates benefit from family support and resources, but the focus is shifting to how their children will adapt and thrive in today’s evolving educational landscape. Both groups contribute uniquely to education. First-generation graduates face challenges like balancing responsibilities and limited mentorship, while third-generation graduates must find their path in a more accessible but competitive environment. As Mr. Sanjeev Sanyal suggests, practical and flexible education models could help bridge these gaps, making quality education more accessible for all."
On Germany's exports, I want to ask what is the percentage of non-EU exports? If majority of the exports are bought by EU countries, then that's equivalent to internal consumption within India. If EU were a country, then Germany would be a state, and it would be like one state selling to another.
@@sunami33Thanks. 40% non-EU means about 20% of Germany's GDP. Which is same as India. So, India is not behind on percentage. The value of the goods, is the problem. We are exporting low value items. Also, we should reduce imports, especially of fuel and pulses and edible oil. By shifting to biogas, EVs, ethanol and increasing the sowing of pulses and oilseeds, our GDP per capita will increase immediately.
Bro it's the dollar value in Europe countries and the dollar value is less as compared to the Asian countries so there will be increase in GDP VALUE despite the quantity exported@@rajus222
Even though the interview is an hour long, I feel like there’s still so much more to discuss. There’s a lot to learn from him, so please invite him again. Anyway, nice podcast💯
Increase tax base Develop schooling Introduce skill based workshops Improve manufacturing Modify Agriculture practices... Also, Sports as a Soft power! Please do it
Also.. ask traffic police to actually do work & fine as much people as possible. So that civic sense can come to people. Stop tobbaco sells. Donot give any licence without people knowing every traffic rule. These are very basic things where we are struglling. If we strt following today than also it will take 50 yrs for new generations to take over. Who know basic civic sense like putting waste in dust bin only. Why whenever we Indians eat food their will always be spillage of plastic , food, raayta, cup, spit etc etc at the place. Why cant we just think of having generalized sense of keeping things clean even when they are public.
I wish this podcast could be aired on all major TV channels-it’s one of the best I’ve heard on the Indian economy. Huge kudos to Ganesh for asking the right questions, as well as insightful follow-ups. And Sanjeev is truly a national treasure!
In my opinion, shanyal sir just simply say " Don't blame every time system for your failure " In world there are so many example where education is not restricted you from success. Aspirations, and think out off the box and at last risk taking ability is what all need.
We need to do following: 1. Tax on agriculture income above 10 lakhs it will extend the base of taxes 2. Rebate to increase YOY in line with inflation. If government fails to curtail it then they should take hit on revenue 3. Bring petrol/diesel under GST if require make ammendment in act if gst council do not agree. 4. Give deduction of stam duty in cost of acquisition 5. Impose tax on political donation and on salary of MP 6. Reduce IT litigation and make law simple hereby save workforce salary in finding frauds and yax evasion 7. Remove casteism, employ workforce based on skills 8. Tell big corporates to collaborate with edtech under csr to bring quality education for government and backward areas so that no need to give reservation ensuring equal opportunity
Gov. should collab with LIC and make incetive retire plan for individual who pay taxes as benefits, introduce as slab based system, who pay more tax will get more monthly return during retirement and such. It will encourage people to pay more tax. No ease of business at all, so many crap laws or policies which never updated. old labour laws regulations. Not start up friendly at all.
@@chyaila Expecting government to change is wrong. If we 140 crores decide to part away with caste based politics. Automatically politicians vote banks will shift to the correct path.
I think GST makes sense because, if producer gets the tax then consumer states will try to manufacture on their own and not trade between states. And will start building transactional relations with few other states to internally compensate their needs. this will start breaking the country in to small economical segments. So I think its better to have tax burden when importing from other country but should have tax benefit when handling goods of other states in order to help increase the same of the manufacturer. So consumers of a state will have to pay more to get the product compared to manufactured in own state. just a personal opinion.
I saw this on 1st September, it's just mind-blowing knowledge for people like us who didn't get sufficient education of economy . I wish many more podcast from such knowledgeable personality. Thank you so much for all this 👍👍
Not at all. It did not hit at all. You cannot expect businesses to do R&D as social service. Companies will do it once they see profit in it. And wrong macroeconomic policies of govt are causing these issues
Indian companies have been competing on costs and lower end of value chain. But certain industries (For example: IT) are mature and have the resources to do R&D. This is not social service but business strategy to capture higher value in the market. Of course business outcomes matter but that is the risk taking, aspirational part which is missing
@@nisc53 Trust the rich business people of India. If they see profit, they will definitely jump to R&D. It's like saying hungry tiger has poverty of aspiration just because he decided that it's not profitable/smart to attack a baby elephant surrounded by a dozen of big adult elephants
Unfortunately our state West Bengal can't even arrange security for women, it can't build roads, hospitals, forget improving the economy. When you question the state government they say why are you doing politics?
1:00:15 Wright brothers were not educated and they were having a small bicycle repair shop. When universities told they can’t build flying machine they dint listen and persisted in their effort. Just one year before they flew NYT wrote it will take 100s of years and tons of computing power to build flying machine..
Every budget is about increasing taxes on the same section of the population. Modi 4.0 is just a dream. BJP is in for a huge surprise and slap on the face in the next elections.
@@indianpoliticalvideo7430lets be realistic. Its not whatsapp forward but its a fact...Middle class is indeed being let down by the current govt vs the hype which was created...While the other section of societies get benefits from the govt , middle class is always the sandwitch...For Modi 4.0 to happen, this has to be addressed soon.
26:37 Rajaji was visionary. He tried to introduce skill based education which was later dubbed as caste based education and Dravidian model of memory based now has produced students with no life skills
@@ranveendurgam3325 Gujarat has produced Ambani like Giants. Tamil Nadu engineers are searching for job in Bengaluru . Tamil youth with no skills are competing with Biharis and couldn’t get a job and are raised by their parents. Madras was developed by British and Dravidian parties dint develop any other city.
@@CyrusTheGreat-b3k ambani is giant ha ha first tell him to stop taking huge subsidies and free loans from modi government .we have bunch of IT,electronic industries in Tamilnadu even our mini city Koiambature looks neat and clean beautiful than guzarat ahmdabad expect few cement factories, few roads there's no development until 2017 modi built one big stadium,bridge with South Indian money Guzaratis only good in Frauding banks ,making papads Hail Dravidian 🔥
@@CyrusTheGreat-b3k that's why guzzus students immigrating into South chennai,bengaluru ,hydrabad for jobs 😭😭😭 We have bunch of IT,electronic companies in chennai even our mini city Koiambature looks clean & neat beautiful than guzarat ahmdabad 🤙
You're completely mistaken about MSMEs in India. There are foreign firms willing to invest in small units if there are plans to scale up and assurances that the funds will be utilized efficiently. Many MSMEs fail to upgrade due to regulatory barriers or face shutdowns by local authorities, hindering their growth.
"Younger generation those born in 1990s do not know how bad India and policies were and extent of corruption. They dont understand that its BJP who pulled India out into a innovation, and business support mindset because of which it came out of poverty."
@@1994gaurav30 I put the quotes as a courtesy because those are not my words. There was nothing to 'hatane ke liye' because I PUT them there. No big conspiracy here.
Mr Sanyal is simply amazing, so much to learn & gain from his rich experience & vast knowledge. Ganesh you could have asked some interesting questions but you were more focused on 1. Your Geman theory 2. Your education experience & view 3. Your view of GST on consumption, which Mr Sanyal explained but by the look of your face feels you have not understood now also You should have summarised it in the end . Hope to see better questioning , don’t look for tough questions, ask the right questions … that’s what it is all about…
Greetings from Mumbai-INDIA My DAD got paralysed in 1972 & I was 11 yrs old-to keep home fires burning -while in school I started a business of buying fruits/vegetables in wholesale & selling home to home in retail-my school was 7 am to 13.30 hrs and on week ends I went by train to Union Territories(Delhi,Goa,Pondi) and cheaper consumer items from there were sold to individuals/shops & all this time i finished high school,College,Bcom & also a 03 year Masters in Management degree by 1984- all this with *much maligned Indian education* I was a rupee millionaire at 1976(when i did my ssc & btw the INR was Rs.8/- to one us dollar) & my 1981(when I completed my bcom)-I was a us dollar millionaire . Today in 2024 i run 13 business verticals including a vc/pe fund since 1988 which has investments in 129 companies in 19 countries & SANJEEV SANYAL is totally correct-the interviewer not so ?
The thing is despite doing PhD people are not capable of thinking through the problems...they are not able to connect the dots... nothing in the world is complex... every complex structure originates from simple structures..it's just that we are being thrown into the complex structures outright...one should learn to break it down and break it down into smaller objects and then figure how this simple smaller objects work.Finding out the various possible ways how can a structure function...and finding out the optimised way... students study to pass exams or know things but never explore all the aspects
Genuine and straight forward businessman r never appreciated and recognised in India. Fraudsters and genuine biz men r treated same way. Whereas there is no accountability for govt staffs and officials. Time means nothing to them.
NEHRU'S FABIAN POLICIES: Nehru is the reason India and Indians (our grandparents, uncles etc ) despite having talent and entrepreneurship capabilities , remained dirt poor for about 65 YEARS after Independence . Nehru followed FABIANISM, (famously called Nehru Socialism ) which the British intentionally taught him when Nehru was studying law in London. Fabians believe what takes 5 years to achieve , let the change and development take 100 years . Nehru stifled and suppressed growth, placing his foot on the neck of Indian development. In direct comparison to India, the Asian Tiger Economies (ie Singapore, Taiwan , Hong Kong, Japan, South Korea and later China) exploded with growth from about 1959s onwards. By 1970s most were fully developed , wealthy countries . Their leaders unleashed the talent, entrepreneurs , and hard work in their society and experienced explosive growth. Despite the Nehru-Gandhi dynasty being aware of this , things like the License Raj remained in India ( ie just to open a company or do something would require 80 different licenses from multiple departments ......thus encouraging systemic curroption as people had to grease palms just to get any work done ) ......This is just one example of Nehru's disastrous leadership. I honestly wish Nehru left India with Mountbatton's wife, Edwina......that way everyone would have been happy and IMO, India would be as developed as Singapore or South Korea or Taiwan or Japan or China. NEHRU WAS A DISEASE , A DISASTER FOR INDIANS & INDIA
Khadi ki chdar aur danda. They want to build bharat a service sector economy. They subjugated our freedom struggle via congress. They still hold 100 seats in loksabha and can hampered any policy implementation. Congress is the threat to Bharat.
Those people say Congress is threat to Bharat should understand that if Congress movement was not here people like you would have lived in a country like Somalia Millions of selfless freedom fighters fought for freedom from the British without any reward as they experienced what is slavery of British Raj Hundred of leaders were put in jail tortured for years and killed. Now the younger generation with distored History think Congress did nothing and people like brain washed actress says India got freedom in May 2014. What a tragedy for 141 cr Beggers of this country as she says our freedom is a Bheek.
Thank you ThinkSchool! Wonderful learnings. I request more such podcasts with such people. I think the Germany research is spot on! Although there is the historical aspect as Mr. Sanyal ji said, this should serve as a learning. Another aspect is education. No matter how we think, our colleges in their current condition are a mess. Horrible, Underskilled faculty is the reason. People often stop pushing once they start earning which is a bad culture. This is prevalent across the country. This must change.
The problem with our colleges is the compulsory attendance policy, we have to travel 3-4hrs a day ( who are living in nearby cities) to attend our lectures and we have to maintain 67-75% attendance, that is pathetic, we don't even get any compensation for doing internships, how can we manage to do internships/ building a startup etc with compulsory attendance? I think we should encourage college students to do internships rather than just attending lectures.
Good podcast, but a Golden opportunity was missed in asking questions about how certain western interests like Soros, Ford Foundation etc are using ESG, Democracy index, ratings etc to influence Investment based on their ideology. Sanjeev sir has a lot of knowledge on that.
Second this.. adding more points- 1. Private sector is less aspirational. They really need to shed their minds of social economic system and get aggressive and risk taking on the global stage. 2. We built huge software services industry and made huge money but invested paltry on the R&D. A service company remained a service company with horizontal expansion. The vertical bulge never happened at all. This is a great example of lack of aspiration. 3. Education system reforms are in urgent need and should become more and more innovation oriented rather than being a mere fundamental knowledge sharing houses. The market oriented education research and implementation and the provocation of critical and empathetic thinking is hugely missing.
It's not about poverty of aspiration. It is about macroeconomics. Why should private sector do R&Ð? Are they for profit making or social service? If they see R&D as profit making way, private sector will definitely jump on to R&D. Understand clearly that economics is not about emotions. It is about hard mathematical science. Nothing happens in an economy magically. There needs a suitable macroeconomic environment
@@Insightful_TruthAgree. Value creation has two components. 1. Reasearch or how to create value and 2. Execution of as per know how. First one is more risky and time consuming that private investors like to take and wait. This requires more states funding in research along with change in mindset of academia. The purpose is not to produce large number of papers half of which are filled with citations but to more geared towards problems that really add value to our life, health and peace. Our economic focus is too much on money and wealth that can purchase value. But what about value itself? Is it improving? First of all we need an objective definition of value. From my perspective anything that help us in living longer, healthier, peaceful enjoyable is value. We need to focus our economic activity to find howto do them and execute as per learned know how. If I look from this perspective I can see we are behaving like stupid. Every body counting their leaves but nobody seeing the whole forest. After all why do we engage in economic activities? To just earn money and wealth. No but to acquire value. I must say that value is eroding than improving.
@@partha1819 Take example of OpenAI. OpenAI could create ChatGPT because it had solid funding from Microsoft. Microsoft was willing to fund OpenAI because Microsoft saw business value and profitability in investing on it. So basically, R&D in private sector happens only if company sees business value or profit in it. Govt cannot just say to Private sector "Do R&D". That's not how macroeconomics works.
Sanjiv Sanyal refreshes , reinitialises and force multiplies fiscal ,economics and monetary matters like no body else..Wish him never ending geometric contribution to Bharats forever growth gaatha...JAI TEAM MODI..
India's First Prime Minister Nehru entrusted the responsibility of education ministry of Independent India to MOULANA Abdul Kalam Azad by making him the First Education Minister
@Thinkschool, I also disagree with him on education thing, as from childhood you are drilled in your schools and collages that to study and go get a job instead of to study for innovation and growth.
As a student who is going to enter the college as btech cse UG in a local private college, I couldn't agree more to lack of ambitions😅😂....Btw whoever is watching this comment please do leave some advice for others.....It would help us teens a lot😅
Very informative. I have one criticism. While talking about "Hindu rate", he correctly criticised the government who pointed the blame to people instead of their policies. Why should then "poverty of aspiration" be pointed at the people and not to government policies? He mentions, the same people, after moving to other societies are rich in aspiration, does R&D. Why can't the govt bring in policies to incentivise R&D culture in companies and/or universities?
It's already happening at some level that's why there are many startups come up and die down but large population still believe in govt job only embedded from childhood which can't be cured by govt policies like religion..
Lovely Informative talk. Strangely Judicial reform is totally missing in All the interviews of Sanjeev Sanyal that I have avidly watched so far. Judicial services are Central to ease of doing business. In my assessment the energy & resources being wasted 24x7 in getting Judicial resolution in my country India is mind boggling. This gaping hole in reforms is so significant that it's impact on suppressing our GDP is measurable. Sanyal-g please enlighten us on this issue & tell us what if anything is being done about it.
When someone like Nandan Nilekani tries to sidetrack Indian tech companies from doing foundational work in LLMs - he talks about the Indian advantage in developing 'use cases', instead of inspiring Indian tech to invest in developing foundational R&D - you wonder if there is more to it than mere lack of ambition.
I want these stupid British education system to be changed.nep is not getting implemented in non bjp states still how long we should suffer from these education system
bro non bjp states have the best education in the country, or at leaste some of them. Doesn't mean it's good but many states like Tamil Nadu or Kerala have revamped the british education system decades ago brought reformes. They are not optimal and a lot has to be improved but don't make every issue political and black and white...
Yes Non BJP state Gov are just playing dirty politics... I am from Karnataka here NEP was introduced and Graduation now was of 4 years... Just after 2-3 years Congress went back to old policy and now again Graduation is of 3 years 🤦🤦🤦
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Link invalid. Kindly check
@@hdhanu142 its working now check again
What non sense Think School?? Have you ever heard of Muslim/Christian/Saudi rate of growth???
How dare you use the name of hardworking Hindu community to denote low growth when most of the reason for slow growth was nympho Nehru and his polio ridden policy..change the thumbnail asap
One question should be asked to economists in developing countries or developed countries They do give incentives, but they do collect some small taxes on their income and their agricultural productivity Why does India not tax that Even smear just one per cent it will make them productive and force them to ask the questions, force them to be innovative - competitive.
Please bring Raghuram G Rajan. ✨
Yesterday only I saw him on podcast called the neon show where he explained how Kolkata was murdered . I live in Kolkata and I agree with him. Bengal, rich in culture and heritage, was once a beacon of knowledge, industry, and arts.The state that once led India’s thoughts and dreams now feels like a fading memory. The saying was What Bengal thinks today, India thinks tomorrow. Now it feels like history.
That's old video
But yesterday my brother sent me. I had seen him on The Ranveer Show but as you know the current situation of Kolkata.
Back then there were intellectuals like Swami Vivekananda and leaders like Netaji.. but later on things went for a toss
People get what they want. They want to be islamic so thats what will happen.
The communists took over west bengal & refused industrial revolution whereas here in Maharashtra 4 cities emerged as economic hub, tax systems got revolutionized, that is why today Maharashtra ranks 1st in per capita income aswell as in GDP in India. I remember once TATA wanted land for his industry in Bengal but Mamata refused to do so, how can we expect growth for west bengal in genral.
He is one of the man in modi government who talks about things in a systematic manner and he is one my favourite speaker scrr have produced many brilliant minds he is among one of them ❤
What is scrr?
What is scrr?
@@achu10mech41 He probably means Shri Ram College of Commerce-Delhi. If so, it should be srcc. That is where Sanjeev Sanyal studied
@MarvelGaming10-uv.. he lies Germanys
Manufacturing is collapsing .nhs the health service of uk
Has collapsed 7 million waiting for operations .
still aint doing shit , everything is fucked since modi 2.0
This guy is really a nation builder.Entire youth of this nation should listen to this podcast
He's fiction builder. Should be in the business of writing fiction.
Agar bhartio ka samjana hai to hindi me batana hai?only 4%of Indians can read and write english
But unfortunately, he is not well exposed to outside world.
😂😂@@noirdezzir8424
@@noirdezzir8424 You are a muslim everything which makes sense to real people doesn't make sense to you. He is more qualified than your 10 generations combined. The things that you believe in doesn't make sense to the rest of us.
It is the reason that people like Sanjiv Sanyal are economic advisers and not some influencer on you tube
The model he introduced for education is something we need for development. The use of internet and getting the best lectures out there from all over the world is the obvious way to go. Especially in college life, because I know 99% of students study the night before exam and rest of the time no one cares what teacher is teaching they all go just for attendence. So instead of this waste of time students just get hands on experience in nearby companies, solving and improving their products.
Exactly.
Aren't we already doing this through distance learning colleges
@@aqualord6285 I don't think he meant distance learning, not like online classes, it's more about students going to college, choose a company, visit and learn, then brain storm along side faculty and finding a solution eventually proposing it to the company. Mean while faculty can relate it to the subject matter and deliver their knowledge and suggest videos and for exam purpose students should get open ended questions so that they can uses their brain and not just mug up answers
students are already using youtube lectures to study now as their schol teachers and college lecturers are pathetic
I agree as well, but this may face backlash due to mass unemployment among teachers. Only a few teachers who are truly skilled at their craft will be rewarded-one teacher per subject. This could benefit students by improving the quality of education, but on the other hand will also result in the loss of 1 crore jobs held by educated teachers.
He is soo right when he says that we waste years in an exam with 97% failure rate rather than a business
99.9 % for UPSC
97 % is for IIT JEE , NEET , CGL etc
Sanjeev Sayal is something! I never thought like that in my life about how to make ourselves productive, do innovation while we are in college!
That line of Poverty of Aspirations, that is struck in my mind!
I positively envy his knowledge and communication skills. I will learn to be as good as him one day. He is able to persuade the other person regardless the discussion.
Wishing you will achieve your goal!
I feel the country is in right hands when this man speaks
He sounds thorough and pragmatic.Very educative to listen to.Thanks to Ganesh for bringing this discussion.
Ever since Think School started the podcast, I am waiting for this video, I know this will eventually happen.
I was chilling and listening this, fealt he came in the room and slapped and said go out and innovate !
Yo bro , did you watch the same thing as me because i felt the same?
Do it man.
World is extremely competitive. It requires buring of energy to stay in the nature
it was like getting a pep talk form my dad when i felt demotivated
Do it
I feel the following are the challenges in India:
1. No population control and less tax base.
2. Talented people and professionals are migrating to other countries.
3. Some corporate companies are moving out of country due to heavy taxes.
4. Middle class are getting burnt due to excessive taxation system.
5. Freebies are pickpocketing the economy.
6. Rich farmers are not being taxed and they're enjoying all incentives from the government. No government dares to tax rich farmers.
With all these big challenges is it possible to increase per capita income and achieve economic stability?
I didn't understand why government are unable to show strength against rich farmers. Rich farmers are empowered. Why they need incentives? They should be taxed. And since number of rich poeple or farmer is always lower than number of poor people or farmer, then government should actually get general public support.
Where is the problem coming?
Please answer it properly even if you have to go in detail of small things related to politics.
Not a single genuine point, only crying over taxes 😅. Implementing the the Rule of Law and bringing reforms in school education are the crucial things.
@saketmeena9581
all points are valid. But again go back to what happened to farm laws. 99% of indian farmers were NOT blocking roads. It means they were in favour of the laws. But the 1% farmer population got the road blocked for more than a year. Damage indian economy in crores. They got further boost from our very sinister opposition parties, foreign media, foreign ngos. Plus those 1% population showed that they will vote in block just to out the govt. They will not see govt performance, infrastructure performance, inflation control, caste, local candidate, or freebies. So the actual loser is the 99% diligent farmers who did not say to govt - that we are with you come what may.
In short
we need to restructure the tax table
@@saketmeena9581absolutely. But we all know what happened to farm laws... political unity is completely missing. All these regional parties are more interested in taking political milage than thinking for the country. Now imposing tax on rich Farmer is far more complex & politically difficult job. Full political alignment is needed which I think is almost impossible in near future
I am an MBA graduate, worked for 4 years in corporate, and found my family business was more profitable if i spent time in business. I am completely from a non-engneering background, everyone in my surroundings suggested to go out of the country and earn big, but I choosen to stay in India and built imported engg products in India, at least 50 products as initial target. India itself is a huge market and if we workhard and burn our hands in business we can experience the problems need to be solved. From the past 2years I learned a lot and Yes, It's not only the problem of education system it's the aspiration my fellow Indian's are not capturing. Request to all MSME's/Non MSME's sons and daughters to look after their family business/market and if there is scope on any of your observations please work on such product/service and contribute to the country and later to world. If everyone chooses masters and settles in other countries how can our country grow in manufacturing? Try to make something new and contribute to Make in India movement, Jai Hind.
I'm from India and live in the US. There is great potential for Indian manufacturers making tools, equipment, and even public infrastructure goods such as decorative street lighting fixtures, etc. All the US manufacturing moved over to China and now they can't maintain the supply frequency or the quality. So there is a big opportunity for Indian entrepreneurs to step up their game and make it big.
👏👏👏 🙌🙌🙌
ONE OF THE BEST SHOWS TILL NOW, I HAVE LEARNED SO MUCH ACTUALLY.
This was one the best episodes of ThinkSchool. I could keep listening to this conversation for hours and hours. Wouldn't we love having such masterclasses more frequently, which is more educational than the theory taught in colleges.
I did my masters in IE in US. We are an onshore supplier for major clothing and fast fashion brands. On a revenue of ~$300M, we invest about $10-15M per year in R&D and capital equipment.
Our Indian counterparts, which are less revenue making but more profitable in net margins terms, invest only about 2-3% in R&D and capital equipment, rather preferring to float on their cheaper labor factors.
10-15M in 300M is around 3-5%. So, percentage wise, I don't see much of a difference? Am I missing something here?
Saar US has printing machine Saar. China is apt comparison not US. Even China has his caveats but still India has its own unique problems majorly policy thanks to you know who
There isn't any culture of r&d in India. India mein most people have the traders mindset and not the innovator. So its all about the money and the money now. Look at our richest people, hardly any r&d going on there. I think only tata does some investments in it, rest don't even bother much.
@@HitchhikersGuidetoScience Is that how it looks? There are too many problems for pvt companies previously to do R&D now it isn't the same. But I would say go by your preconceived notions that's much easier.
@@KVSrirangam Its not easier really. I will give you an example from what someone told me he was going through a couple of months ago. He wanted to do some biotech work here and needed some equipment which isn't available in India. Now if he buys it as a pvt company the duty on it is 33% and and same machine if bought by a big govt institute has the duty of 5%. But lets even accept your premise that it has changed. Why aren't we seeing any difference in the output or spend on r&d from the private sector (private sector spend overall has been dropping or staying low). Even if we talk about our premier institutes, their research output has also been abysmal.
Mr. Sanyal is a visionary, some of the points he laid out on current eduction structure and how we can naturally bypass it's shortcomings was really enriching. Great conversation.
bro to be honest these contents in this channel are the one every Indian should know and also should be discussed and debated by the policy makers so that we all will have bright future. also its in English as a guy from Chennai we all can understand it. let us upgrade our knowledge and also contribute to make our country proud as Indians.
Jai Hind
A lot of we didn’t do this and that till 90s is said … had USSR not crumbled we would have followed the same socialist policy … it’s not a congress bjp problem. We as Indian need to decide what we want - not justify our current regime. Let’s take advantage of the market and make India great economic power. I don’t think we depend on Modi or Rahul to become successful. They depend on us.
It's certainly a policy issue.. Typical socialist, communist mindset is the problem.. It's right that in capitalist countries, equality is followed more strictly than in communist countries.. When modiji came, we can see the entire things changed.. Business is now more important.. We think we are competent in the world arena.. When Congress was ruling, we thought we were slaves..a good leader makes the difference
Lack of aspiration / ambition is the biggest problem!!
As I saw think school liked this comment, i just thought a bit more on this...
Addressing the Lack of Aspiration and Ambition: Understanding the Risk-Averse Mentality
1. Introduction: The Risk-Averse Mentality
A common barrier to ambition and aspiration, particularly in the Indian context, is a risk-averse mentality.
While being risk-averse is not inherently negative, it’s essential to explore its causes and potential solutions.
2. Causes of Risk Aversion
A. Peer Pressure
Fear of Failure: Many individuals fear taking risks due to the potential for failure.
Social Judgment: The fear of being judged by peers if a venture fails can be a significant deterrent.
B. Personal Circumstances
Responsibilities: Individuals with fewer responsibilities (e.g., students) might be more willing to take risks.
Family Dependence: For those who are primary earners in a family, the stakes are higher, making them more cautious.
3. Impact of Risk Aversion
A. Limited Ambition
Calculated Risks: Family persons or those with dependents often take calculated risks, prioritizing financial stability.
Restricted Growth: While this approach minimizes risk, it can also limit ambition, as individuals may avoid larger, more rewarding risks.
4. Solutions to Encourage Risk-Taking
A. Building a Safety Net
Support Networks: Family or friends can provide financial and emotional support, reducing the fear of failure.
External Financial Assistance: Government loans or other financial support can offer a cushion, allowing for risk-taking without compromising financial security.
Shared Responsibility: In families, the risk-taking individual might focus on the new venture while another family member ensures a steady income, creating a balance between security and ambition.
5. Overcoming Societal Pressures
A. Avoiding Herd Mentality
Self-Assessment: Instead of following trends blindly, individuals should assess their own strengths, skills, and interests.
Informed Decision-Making: Understanding personal strengths allows for better decision-making regarding where to invest time and resources.
6. Building Confidence for Risk-Taking
A. Starting with Self-Awareness
Skill Development: Individuals should first focus on areas where they are already competent, building confidence in their abilities.
Incremental Risk-Taking: As confidence grows, individuals can start taking calculated risks in other areas, gradually increasing their ambition.
7. Conclusion: A Step-by-Step Process
Gradual Progression: Overcoming risk aversion and fostering ambition is a step-by-step process.
Reinforcement through Success: Each successful step builds confidence, encouraging further risk-taking and ultimately breaking down the barriers of risk aversion.
if someone feels this is useful, it will help..
Aspiration and ambitious people are the ones who leave the country, because they have brains to conclude that using their talents on foreign land is 10 times better than in India. No one is going to wait until when Modi will reform India, nobody has that kind of time to waste.
Edit: building a business in a well established system is easier than "still figuring out what to do" system.
castesystem and patriarchy are like chains for indian progress. and that will not change.
@@varunshivan9569 agree!! But given the context, there is growth in India comparing to not having growth in other countries, after sometime, Indians will come back to India in later stage after 5-7 years maybe.. at that time, they can invest more.. in India.. this 5-7 years cycle will decrease soon given the fact there is many reforms taking place and many more to come. More business friendly reforms will make more Indians stay..
@@hari_madh I think this is an overly optimistic view of the country you have presented. I might sound very pessimistic but hear me out. Couple of things,
1. The number of Indians returning is minuscule compared to those leaving the country. Also, amongst those returning, a large majority are not returning because they are mesmerised by India's story - but because they are facing visa issues. They intend to leave India again once their visa issues are sorted.
2. The political landscape in India is still not pro-development and pro-progress. It is still largely hyper-socialist and full of regressive ideas like more reservations, more freebies, more caste and religion, and more populism. India loves to romance with socialism. If you remove a few leaders like Modi, Gadkari etc. from the equation - where do the politics of this country stand? Does the current and future leadership inspire confidence that they'll prioritize the development of this country over everything else? We all witnessed the recent LS election. Did ANY political party make development and growth the primary topic of debate? None! See, big companies don't just plan for the next 5-6 years; they think long-term, and if the leadership doesn't give them confidence, they'll not come to India to set up large factories. Unless majority of big political parties make development their primary agenda, I don't see India going anywhere near to being called a 'developed country'. The best it can do is reach 3rd spot and remain behind the US and China. The gap will still be large between second and third place.
3. The reforms you are talking about are all cosmetic. Successive governments in India have failed to address real reforms like simplifying land acquisition, tax reforms, judicial reforms, and administrative reforms. They are all difficult and unpopular reforms, and no political party is ready to expend their political currency for it. Have you seen ANY political party talk about it in their election manifesto? They won't.
Excellent . Finally . An economist who was fair to the evolution in our country over years since 1990.
I was amused to find you slipping in the then PMs photo to exhibit the liberalisation was done by him. You conveniently forgot that not only Mr singh but was Mr.Narsimharao who provoked and encouraged it
Mr Sanyal was fair in his assessment and it was pleasantly startling to hear his final take on graduate education system in India
I always mentioned to my friends and posts why have special IIT colleges where only few thousand students feel special whereas the aim should be to enhance the quality of education in all the lakhs of colleges around the country . No need for elitism and crore packages
The next big important point that deserved an applause was when he spoke about the well educated mbas who don’t know screw from bolt and cannot add major value to their industries other than powerpoints . This is also the problem with major companies who are losing their values thanks to board room PowerPoint obsession
The liberalisation done in 1991 was mandated by the IMF as a condition of bail out that country badly needed because of failed Govt policies of the time.
then why are good MBAs valued highly and earning well? how are companies like Mckinsey, Bain doing well an dpaying their consultants well? if they arent adding any value?
@@counterpoint9260 he doesn't have the answer this just something he heard and has carried forward. Even engineers in mncs are pushed by the company to either do an mba or be stuck in your role . Pichai did it
@@shivuu__ of course..
@@counterpoint9260 mr. Sanyal didn't say there's no value for an MBA. Like the argument says govt has no business being in business, an MBA's mindset is on expansion and maintenance of a business. Whereas an engineer's mindset or entrepreneur's mindset is on innovation. Fine line of difference. Doesn't mean that no one should do MBA. Only means that people with privilege should experiment
Within just two minutes, he dismantled half of your research in the Germany video. The way you handled the criticism with a smile was truly commendable
lol sooo fing true i was thinking the same .
So fucking true.....
Which part exactly ?
Give time stamp bro ❤
That's what he has brought him for, to answer his questions. Why are you surprised
This was one of the best ThinkSchool episodes. I could listen to this conversation for hours. Imagine having masterclasses like this more often!
Sanjeev Sanyal is one of the best speakers who politely simplifies & decodes complex issues for a common man to understand. Moving ahead he has implemented numerous solutions to improve the system. He is addressing a key issues. They are one of the finest picks of Modi Government. Rather than listening to stupid politicians and their intellectual poverty on Adani-Ambani on business side or Savarkars on History side, its far better to listen to such intellectuals. Irony has India has many but not yet surfaced. Very through provoking podcast.
10 Trillion dollar economy cannot be made till we have Ghar Jamai Service disguised as UPSC
Or you could rather say coming out of the colonial mindset
upsc is guarded by both the coaching mafia and family, relatives (biggest mafia in india btw). will take atleast a generation or two to get over it
@@djokonole-j6vi would rather suggest that the govt. should implement the hire n fire policy of us in bureaucracy 😅
3 mistakes and u r out !!!
Phir dekho, sab kaise business karenge upsc ke jagah !!
No 1 Raja and 1000 nangi praja !!
We need 100 mantri aur 900 sukhi praja mindset !!
@@honeyahlawat2917 bhai just imagine the protests that will happen when gov even mentions this, no matter the party.
that too, being backed by coaching mafia's finance muscle. this will put any gov in a coffin
1.India needs some strict laws for women safety
2. Blanket Ban the caste system
3. Advanced Startup incubators in all states
4. Rural employment
5. Above average health infrastructure
6.Priortise Primary and secondary schools
Germany has so many mittle Stans because they have good roads. They can have small factory in small town and export it from there to anywhere in world. But some dumb youtuber says we don't need roads but lives in Germany.
it's not the full truth actually, infrastructure is indeed improtant but it's not the only reason Germany has such a successful diversified economy. Look up the "Blue banan" it plays a huge factor why West Europe is so wealthy. Also Germany was a totally destoryed country after WW2, usually countries who have experienced such hardships grow really fast with the right political mindset, same as South Korea and Japan and many more, they were totally destoryed after the war to a level they had literally nothing left. We might have experiences colonialism and extreme poverty but we have not experienced that level of destruction these countries experienced at least recently. These factors do play a role and form a societies mindset. Our way of thinking is very different to the way Germans think.
@@binskee677Germany and Japan were both industrial societies well before ww2. All they needed to get out of the post war mess was a Kickstart capital. That was provided by the Marshall plan and the Korean War. We absolutely need infrastructure and social capital which will happen gradually. It took Europe several centuries to achieve it
@@binskee677 I disagree, we might not have been bombed like Germany or Japan, but we were brought down to our lowest point in our entire vast history. See Singapore, no one bombed it, it was just a fishing village, but the leader of their country has created certain narratives that made its people work hard and they aspired to be great and they are great now. Look at what we did after we got independence, we moved to a socialist economy with such a huge country, I don't understand why there were no narratives that benefits the country, instead the narratives were about how bad our history was, how bad our society is etc. on top of it, trying to over correct the caste system with reservations without proper checks and balances which led to complacent system and corrupt people.
@@RPSA505 Singapore grew because of tax cuts for financial institutions, not only but that was singapores "Kickstart". And regarding india post independence, from a only economical policy i do agre with you but on the other hand, if india immediately would have opened it's market who knows what would have happened, too many foreign interestes might have destroyed the country. It was essential for india to have a strong military and to better educate their people before opening it's economy fully. We could have opened maybe 10 years earlier i agree, but if you look at from another perspective, the parties back then were able to keep this extremely diverse country with so many internal issues together which in itself is a big achievement we take for granted now, they were able to keep democracy alive and we didn't have any major famine. We did have internal issues and it lead to casualties but non of those issues really escalated. India is very respected all around the world from a political perspective and is able to run a strong foreign policy, everyone thanks BJP for it (i do too and rightfully so) but it's also a result of building this nation all those decades and equipping it with all the tools to have such a strong foreign policy standing. But those times are over and now it's time to grow for india economically and we have to go bullish on the economy.
No, germany can have so many stans because of their university system and the business system. They have a lot of good universities in germany even in small university towns. People from these universities usually want to set up their business close to the university (as they have been comfortably living there and can get talented labour from the university). Also the local govts support them in starting these businesses by giving them good initial capital and helping them in any other ways (local politicians know that jobs are always an election issues and industry means more jobs) so there's a full system. In here we don't have that many great universities, then a lot of the people passing out from there usually want jobs and not risk starting their own thing (which is changing) and then when one does. The system of all the rules and regulation slowly kills one's spirit of making a business work (it is not easy to start stuff here) here a person has to fight a fight on business front with the competitors and with the govt departments for all the rules and licenses.
Its such a privilege & pleasure to listen to this man !!✌️👏🙏.
Xhal pi
I
This podcast lacked interaction, it was more like engineering Viva questions & answers.. actually Sanjeev sir balanced this podcast to go well by answering his viva questions historically answering from 1960-2024.. thinkschool should improve their podcast skills, who is that dumb guy taking notes in the middle of the podcast, he can watch his own recorded videos 😂 never seen podcaster taking notes in the middle
Yeah he is a politician first economist later. That much I understood. But he's an okay dude. Don't agree on a lot of points but I agree on some points which were logical. So yeah he's better comparatively I guess
Extremely knowledgeable and more importantly solid in communication. Sri Sanyal 'A real gem' in the PM office !! 🙏👍
I am more confident about Bharat's economic policies if Sanjeev Sanyal has a huge role in it - his ideas and thinking prowess are second to none - definitely a person who would make anyone at awe with his ideas and intelligence
Ganesh when a student works through college in India he is kicked out and his parents are called whereas in Europe and America they are funded by the University themselves.
Population man population
Podcast with Sanjeev Sanyal ji could have been in 3-4 parts, each podcast focusing on one topic and going deeper instead of one video, barely touching surface of the topic.
Agreed 👍
Felt a historian and a avid observer ttalking, no depth and no major examples provided as expectations were set in the beginning.....eg: compounding example, process reforms example and so on.....feltt merely all talk...just my POV.
He wants to create a hive, otherwise who would do such bulshit comparison between Germany and India.
He himself knows some of the answers very well.
Recently I've observed this guy's video titles with question marks and they are sketchy.
@@miteshd1165 It's like comparing apples with oranges. Also thumbnails are leaning more towards click bait.
Mind blowing podcast that actually help a person to understand where should the Indian businesses have to work 😊😊
It is always privilege to Listen to Dr Sanyal . Just love this episode with loads of clarity .Thank you brother so much for bringing this episode .🎉🎉
This is a really good episode. Both sides were addressing very well. Sanjeev is amazing.
You keep giving explanation to some terms which you think that it is not or may not be a nirmal term for many of your watchers.
It was helpful. Thanks for your effort.
Explanation needs to stay up longer on the screen so we can read it.
amazing conversation ganesh bhai. i was hoping you'd call people like the economic advisor sanjeev sanyal ji. you always ask relevant questions and bring out the best from the guest. these are the real conversations we need to have.
What India lacks is Unity, we are a divided society thinking in various directions, in color, caste, race, language, culture, food we are diverse, once we unite we will know the taste of progress. Politics, education, micro economics as we;; as macro and infrastructural development plays vital contributing factor in the overall development of Nation. Decentralisation of money and proper distribution system should also be in place.
Religion
Still surprised why this channel is not even in the Top 5 YT channels in India. We have Tips, Sony, Carryminati and so on entertainment channels that give zero knowledge on finance and economy. Bravo to this channels 👏
Younger generation those born in 1990s, 2000s do not know how bad India and policies were and extent of corruption. They dont understand that its BJP who pulled India out into a innovation, and business support mindset because of which it came out of poverty.
Crony capitalism and stagnation..that's the BJPs shtick. Furthermore societal disharmony and supremacy of one community.
The BJP had the opportunity to make India great, but it's the antithesis of India's progress and future.
I have seen first hand how Laloo, Maayawati ruined UP Bihar and made it into poor backward states. How Bengal became a poor irrelevant state by communists. I have seen how congress governments did nothing but minority pandering, inefficiency and corruption. Only Narshima Rao did good, but only when he was forced.
@@MARKCRASTO cry..
@@MARKCRASTOwhat do u see growth between 2014 and 2024? Do u think India was better in 2014 than in 2024? If so I will vote for congress...Don't just share ur biased perspective.look at it from neutral perspective..
Oneearthen
And you don't know all was started in 1991
And you are teaching those born in 90s and 2000 s
I accept licence quota raj hampered the growth of economy
But both extremes are bad
Licence raj was one extreme and just opposite of that is current system
And don't give whole credit to a person or party
Accept good works of past leaders too.
And you are talking like there was no change between 1947 and 2014 .
my great grandfather had leased coal mines in jharia dhanbad and guess what due to the nationalization we lost it. Today in the whole region there s barely any industry and infra. Moreover dhanbad chemicals which used to produce world class chemicals was forced out from here by the socialists for political gains
Indira ruined banking as well by socializing all banks. You are not the only one brother
Mr Sanjeev Sanyal you have refreshed my memories of school/college days when things were very difficult. Leave aside Starting business even struggle of day to day like getting ghee, sugar , dal , rice was some time challenging as there were shortages due to socialist economy. Obviously business structures were pathetic which millennials and GenZ will not be able to understand or think thru. I have seen reforms of 90s, banking reforms, ease of making payment, getting money from ATM, IBC, GST etc
Agree with Mr Sanjeev lot yet to be done in processes improvement.
I still feel Income tax needs solid reform by simplifying it substantially.
Being a CA I really enjoyed this pod cast 👍
I find Mr. Sanjeev Sanyal's view on education quote refreshing and insightful
* He believes that the current education system, relying heavily on lectures, is outdated and inefficient.
* He advocates for a shift towards more automated and online learning, allowing for greater access and flexibility.
* He suggests that colleges should focus on research, certification, and testing rather than traditional lectures.
* He emphasizes the importance of practical learning and apprenticeship-based systems, similar to the German model.
* He believes that online education can be made almost free, dramatically expanding access to higher education.
It would be applicable if u r a third generation graduate. What about the first grad ???
@@dinesh6489 Thanks for sharing your thoughts! I agree that first- and third-generation graduates face different challenges.
First-generation graduates often had to navigate education without much guidance, developing resilience along the way. Many are now in a stage of life where they balance responsibilities while still valuing the education they earned. On the other hand, third-generation graduates benefit from family support and resources, but the focus is shifting to how their children will adapt and thrive in today’s evolving educational landscape.
Both groups contribute uniquely to education. First-generation graduates face challenges like balancing responsibilities and limited mentorship, while third-generation graduates must find their path in a more accessible but competitive environment.
As Mr. Sanjeev Sanyal suggests, practical and flexible education models could help bridge these gaps, making quality education more accessible for all."
On Germany's exports, I want to ask what is the percentage of non-EU exports?
If majority of the exports are bought by EU countries, then that's equivalent to internal consumption within India.
If EU were a country, then Germany would be a state, and it would be like one state selling to another.
Good point. Only 40% of its exports are outside EU.
Btw, why didn't you research this yourself? It took chatGPT just few seconds to answer my query
EU is not a country rather a continent at this point. But, India is self sufficient so that is a good thing.
@@sunami33Thanks. 40% non-EU means about 20% of Germany's GDP. Which is same as India.
So, India is not behind on percentage. The value of the goods, is the problem. We are exporting low value items.
Also, we should reduce imports, especially of fuel and pulses and edible oil. By shifting to biogas, EVs, ethanol and increasing the sowing of pulses and oilseeds, our GDP per capita will increase immediately.
Bro it's the dollar value in Europe countries and the dollar value is less as compared to the Asian countries so there will be increase in GDP VALUE despite the quantity exported@@rajus222
Even though the interview is an hour long, I feel like there’s still so much more to discuss. There’s a lot to learn from him, so please invite him again. Anyway, nice podcast💯
Increase tax base
Develop schooling
Introduce skill based workshops
Improve manufacturing
Modify Agriculture practices...
Also, Sports as a Soft power! Please do it
Mail your suggestions to the prime minister and economic advisors
Pm ko nahi apna town ka mla ko bolo😊❤
Sanyal dithered in explaining the fairness of GST _vis.a'.vis_ manufacturing based states .
And then forget being in power for the next 10 years, cause everything logical is not everything practical in this country 😂😂😂
Also.. ask traffic police to actually do work & fine as much people as possible. So that civic sense can come to people. Stop tobbaco sells. Donot give any licence without people knowing every traffic rule. These are very basic things where we are struglling.
If we strt following today than also it will take 50 yrs for new generations to take over. Who know basic civic sense like putting waste in dust bin only. Why whenever we Indians eat food their will always be spillage of plastic , food, raayta, cup, spit etc etc at the place. Why cant we just think of having generalized sense of keeping things clean even when they are public.
Best video tilll now , the in-depth conversation of two elite business analysts make such OG PODCAST .
I wish this podcast could be aired on all major TV channels-it’s one of the best I’ve heard on the Indian economy. Huge kudos to Ganesh for asking the right questions, as well as insightful follow-ups. And Sanjeev is truly a national treasure!
In my opinion, shanyal sir just simply say " Don't blame every time system for your failure " In world there are so many example where education is not restricted you from success. Aspirations, and think out off the box and at last risk taking ability is what all need.
We need to do following:
1. Tax on agriculture income above 10 lakhs it will extend the base of taxes
2. Rebate to increase YOY in line with inflation. If government fails to curtail it then they should take hit on revenue
3. Bring petrol/diesel under GST if require make ammendment in act if gst council do not agree.
4. Give deduction of stam duty in cost of acquisition
5. Impose tax on political donation and on salary of MP
6. Reduce IT litigation and make law simple hereby save workforce salary in finding frauds and yax evasion
7. Remove casteism, employ workforce based on skills
8. Tell big corporates to collaborate with edtech under csr to bring quality education for government and backward areas so that no need to give reservation ensuring equal opportunity
The 8th one is a big YES✅
Gov. should collab with LIC and make incetive retire plan for individual who pay taxes as benefits, introduce as slab based system, who pay more tax will get more monthly return during retirement and such. It will encourage people to pay more tax.
No ease of business at all, so many crap laws or policies which never updated. old labour laws regulations. Not start up friendly at all.
Mark my Words "No Govt. Has the guts to touch Caste Based Reservation atleast for the next 100 years"
You're wasting your time typing all of this. Nothing will ever change by a greedy power hungry government. This applies to both Congress and BJP
@@chyaila Expecting government to change is wrong. If we 140 crores decide to part away with caste based politics. Automatically politicians vote banks will shift to the correct path.
Ganesh selling both Masterclass and also disagreeing with online classes here 😅
😂
Spoon feeding is what he prefer, in both ends
Its always a delight to listen to Mr Sanyal
I think GST makes sense because, if producer gets the tax then consumer states will try to manufacture on their own and not trade between states. And will start building transactional relations with few other states to internally compensate their needs. this will start breaking the country in to small economical segments. So I think its better to have tax burden when importing from other country but should have tax benefit when handling goods of other states in order to help increase the same of the manufacturer. So consumers of a state will have to pay more to get the product compared to manufactured in own state. just a personal opinion.
Agree
I saw this on 1st September, it's just mind-blowing knowledge for people like us who didn't get sufficient education of economy . I wish many more podcast from such knowledgeable personality. Thank you so much for all this 👍👍
The range of questions you cover during the podcast is amazing.
Poverty of Aspirations! DAMN That one hit hard.
Not at all. It did not hit at all. You cannot expect businesses to do R&D as social service. Companies will do it once they see profit in it. And wrong macroeconomic policies of govt are causing these issues
Indian companies have been competing on costs and lower end of value chain. But certain industries (For example: IT) are mature and have the resources to do R&D. This is not social service but business strategy to capture higher value in the market. Of course business outcomes matter but that is the risk taking, aspirational part which is missing
@@nisc53 Trust the rich business people of India. If they see profit, they will definitely jump to R&D. It's like saying hungry tiger has poverty of aspiration just because he decided that it's not profitable/smart to attack a baby elephant surrounded by a dozen of big adult elephants
The interviewer's surprise is wonderful. This new generation is simply ignorant of how this beautiful country has struggled.
Citizens really suffered.
Unfortunately our state West Bengal can't even arrange security for women, it can't build roads, hospitals, forget improving the economy. When you question the state government they say why are you doing politics?
Thik 😔
1:00:15 Wright brothers were not educated and they were having a small bicycle repair shop.
When universities told they can’t build flying machine they dint listen and persisted in their effort.
Just one year before they flew NYT wrote it will take 100s of years and tons of computing power to build flying machine..
Don't send ur children into any school. It's all about socialising the people and learning. 🤦
Double down on capitalism(not crony capitalism ) and reduce taxes !!! Then modi 4.0 is assured !!!!!
BJP will lost the next election for sure
Every budget is about increasing taxes on the same section of the population. Modi 4.0 is just a dream. BJP is in for a huge surprise and slap on the face in the next elections.
@@chyailawhen u read about budget from WhatsApp forwards 🤦🤦
Next times it's not Modi 4.0 instead it will be Yogi 1.0
@@indianpoliticalvideo7430lets be realistic. Its not whatsapp forward but its a fact...Middle class is indeed being let down by the current govt vs the hype which was created...While the other section of societies get benefits from the govt , middle class is always the sandwitch...For Modi 4.0 to happen, this has to be addressed soon.
26:37 Rajaji was visionary. He tried to introduce skill based education which was later dubbed as caste based education and Dravidian model of memory based now has produced students with no life skills
That's why tamils are dominating in IT ,electronic,auto mobile etc etc etc and where guzaratis up, sanatanis making papads ,pakodas, samosas 😂😂
@@ranveendurgam3325 Gujarat has produced Ambani like Giants.
Tamil Nadu engineers are searching for job in Bengaluru .
Tamil youth with no skills are competing with Biharis and couldn’t get a job and are raised by their parents.
Madras was developed by British and Dravidian parties dint develop any other city.
@@ranveendurgam3325 education initiative was done by Kamarajar, take your Dravidian lies elsewhere
@@CyrusTheGreat-b3k ambani is giant ha ha first tell him to stop taking huge subsidies and free loans from modi government .we have bunch of IT,electronic industries in Tamilnadu even our mini city Koiambature looks neat and clean beautiful than guzarat ahmdabad expect few cement factories, few roads there's no development until 2017 modi built one big stadium,bridge with South Indian money
Guzaratis only good in Frauding banks ,making papads
Hail Dravidian 🔥
@@CyrusTheGreat-b3k that's why guzzus students immigrating into South chennai,bengaluru ,hydrabad for jobs 😭😭😭
We have bunch of IT,electronic companies in chennai even our mini city Koiambature looks clean & neat beautiful than guzarat ahmdabad
🤙
ONE OF THE BEST EPISODES OF ALL TIME SUCH A HIGH-VALUE TALK GREAT KNOWLEDGE AMAZING WORK
Absolute pleasure listening to Sanjeev Sanyal always straight to the point . More specific topic session with him please.
Sanjeev Sanyal thanks for your podcast love it ❤
You're completely mistaken about MSMEs in India. There are foreign firms willing to invest in small units if there are plans to scale up and assurances that the funds will be utilized efficiently. Many MSMEs fail to upgrade due to regulatory barriers or face shutdowns by local authorities, hindering their growth.
"Younger generation those born in 1990s do not know how bad India and policies were and extent of corruption. They dont understand that its BJP who pulled India out into a innovation, and business support mindset because of which it came out of poverty."
Haha.. BJP IT cell detected. At least “ toh hta dete.. People can see same comment again in comments section below by other BJP IT cell.
@@1994gaurav30when people can't digest facts, they lable people saying them has andhbakt BJP IT cell etc... 🤣🤦
@@1994gaurav30 I put the quotes as a courtesy because those are not my words. There was nothing to 'hatane ke liye' because I PUT them there. No big conspiracy here.
@@1994gaurav30abe andhbhakt
@@1994gaurav30 unfortunately we have people like you. Who don't understand this. It's a curse😅
Mr Sanyal is simply amazing, so much to learn & gain from his rich experience & vast knowledge. Ganesh you could have asked some interesting questions but you were more focused on
1. Your Geman theory
2. Your education experience & view
3. Your view of GST on consumption, which Mr Sanyal explained but by the look of your face feels you have not understood now also
You should have summarised it in the end . Hope to see better questioning , don’t look for tough questions, ask the right questions … that’s what it is all about…
Greetings from Mumbai-INDIA
My DAD got paralysed in 1972 & I was 11 yrs old-to keep home fires burning -while in school I started a business of buying fruits/vegetables in wholesale & selling home to home in retail-my school was 7 am to 13.30 hrs and on week ends I went by train to Union Territories(Delhi,Goa,Pondi) and cheaper consumer items from there were sold to individuals/shops & all this time i finished high school,College,Bcom & also a 03 year Masters in Management degree by 1984- all this with *much maligned Indian education*
I was a rupee millionaire at 1976(when i did my ssc & btw the INR was Rs.8/- to one us dollar) & my 1981(when I completed my bcom)-I was a us dollar millionaire .
Today in 2024 i run 13 business verticals including a vc/pe fund since 1988 which has investments in 129 companies in 19 countries & SANJEEV SANYAL is totally correct-the interviewer not so ?
Dr Sanjeev sanyal is really brilliant 🙏🙏I just don’t miss any of his talks
Sanjeev sir schooled thinkschool
The thing is despite doing PhD people are not capable of thinking through the problems...they are not able to connect the dots... nothing in the world is complex... every complex structure originates from simple structures..it's just that we are being thrown into the complex structures outright...one should learn to break it down and break it down into smaller objects and then figure how this simple smaller objects work.Finding out the various possible ways how can a structure function...and finding out the optimised way... students study to pass exams or know things but never explore all the aspects
The thought process of Mr. Sanyal is amazing. Very intelligent and gives you a better insight on the Government strategies.
Genuine and straight forward businessman r never appreciated and recognised in India. Fraudsters and genuine biz men r treated same way. Whereas there is no accountability for govt staffs and officials. Time means nothing to them.
NEHRU'S FABIAN POLICIES:
Nehru is the reason India and Indians (our grandparents, uncles etc ) despite having talent and entrepreneurship capabilities , remained dirt poor for about 65 YEARS after Independence . Nehru followed FABIANISM, (famously called Nehru Socialism ) which the British intentionally taught him when Nehru was studying law in London. Fabians believe what takes 5 years to achieve , let the change and development take 100 years . Nehru stifled and suppressed growth, placing his foot on the neck of Indian development.
In direct comparison to India, the Asian Tiger Economies (ie Singapore, Taiwan , Hong Kong, Japan, South Korea and later China) exploded with growth from about 1959s onwards. By 1970s most were fully developed , wealthy countries . Their leaders unleashed the talent, entrepreneurs , and hard work in their society and experienced explosive growth.
Despite the Nehru-Gandhi dynasty being aware of this , things like the License Raj remained in India ( ie just to open a company or do something would require 80 different licenses from multiple departments ......thus encouraging systemic curroption as people had to grease palms just to get any work done ) ......This is just one example of Nehru's disastrous leadership.
I honestly wish Nehru left India with Mountbatton's wife, Edwina......that way everyone would have been happy and IMO, India would be as developed as Singapore or South Korea or Taiwan or Japan or China. NEHRU WAS A DISEASE , A DISASTER FOR INDIANS & INDIA
Right explanation...
Impressive
Khadi ki chdar aur danda. They want to build bharat a service sector economy. They subjugated our freedom struggle via congress. They still hold 100 seats in loksabha and can hampered any policy implementation. Congress is the threat to Bharat.
Those people say Congress is threat to Bharat should understand that if Congress movement was not here people like you would have lived in a country like Somalia
Millions of selfless freedom fighters fought for freedom from the British without any reward as they experienced what is slavery of British Raj
Hundred of leaders were put in jail tortured for years and killed. Now the younger generation with distored History think Congress did nothing and people like brain washed actress says India got freedom in May 2014.
What a tragedy for 141 cr
Beggers of this country as she says our freedom is a Bheek.
They didn't fix the police system either.
Thank you ThinkSchool! Wonderful learnings. I request more such podcasts with such people.
I think the Germany research is spot on! Although there is the historical aspect as Mr. Sanyal ji said, this should serve as a learning.
Another aspect is education. No matter how we think, our colleges in their current condition are a mess. Horrible, Underskilled faculty is the reason. People often stop pushing once they start earning which is a bad culture.
This is prevalent across the country.
This must change.
Poverty of Aspiration
Now this has been stuck on my mind thinking we need to innovate
The point Mr Sanyal makes at around 51:30 is bang on and is a major issue.
This man is a gem and full of brilliant ideas. Such guys should have been there in 1950s and not 2024
The problem with our colleges is the compulsory attendance policy, we have to travel 3-4hrs a day ( who are living in nearby cities) to attend our lectures and we have to maintain 67-75% attendance, that is pathetic, we don't even get any compensation for doing internships, how can we manage to do internships/ building a startup etc with compulsory attendance? I think we should encourage college students to do internships rather than just attending lectures.
Good podcast, but a Golden opportunity was missed in asking questions about how certain western interests like Soros, Ford Foundation etc are using ESG, Democracy index, ratings etc to influence Investment based on their ideology. Sanjeev sir has a lot of knowledge on that.
The Channel is not aligned to assess those kind of data.
update, Sanjeev uploaded a full podcast on this subject of manipulated global rankings on "the statesman talk". It's very interesting.
Second this..
adding more points-
1. Private sector is less aspirational. They really need to shed their minds of social economic system and get aggressive and risk taking on the global stage.
2. We built huge software services industry and made huge money but invested paltry on the R&D. A service company remained a service company with horizontal expansion. The vertical bulge never happened at all. This is a great example of lack of aspiration.
3. Education system reforms are in urgent need and should become more and more innovation oriented rather than being a mere fundamental knowledge sharing houses. The market oriented education research and implementation and the provocation of critical and empathetic thinking is hugely missing.
It's not about poverty of aspiration. It is about macroeconomics. Why should private sector do R&Ð? Are they for profit making or social service? If they see R&D as profit making way, private sector will definitely jump on to R&D. Understand clearly that economics is not about emotions. It is about hard mathematical science. Nothing happens in an economy magically. There needs a suitable macroeconomic environment
@@Insightful_TruthAgree. Value creation has two components. 1. Reasearch or how to create value and 2. Execution of as per know how. First one is more risky and time consuming that private investors like to take and wait. This requires more states funding in research along with change in mindset of academia. The purpose is not to produce large number of papers half of which are filled with citations but to more geared towards problems that really add value to our life, health and peace.
Our economic focus is too much on money and wealth that can purchase value. But what about value itself? Is it improving? First of all we need an objective definition of value. From my perspective anything that help us in living longer, healthier, peaceful enjoyable is value. We need to focus our economic activity to find howto do them and execute as per learned know how.
If I look from this perspective I can see we are behaving like stupid. Every body counting their leaves but nobody seeing the whole forest. After all why do we engage in economic activities? To just earn money and wealth. No but to acquire value. I must say that value is eroding than improving.
@@partha1819 Take example of OpenAI. OpenAI could create ChatGPT because it had solid funding from Microsoft. Microsoft was willing to fund OpenAI because Microsoft saw business value and profitability in investing on it. So basically, R&D in private sector happens only if company sees business value or profit in it. Govt cannot just say to Private sector "Do R&D". That's not how macroeconomics works.
Sanjiv Sanyal refreshes , reinitialises and force multiplies fiscal ,economics and monetary matters like no body else..Wish him never ending geometric contribution to Bharats forever growth gaatha...JAI TEAM MODI..
Thank you Ganesh for this ad free insightful session.
India's First Prime Minister Nehru entrusted the responsibility of education ministry of Independent India to MOULANA Abdul Kalam Azad by making him the First Education Minister
And there it started brainwashing of ours and whitewashing of theirs.
Colonizer invaders became our history writers afterall. we need independence.
30:33 "Never confuse the workings of capitalism with the personal interests of capitalists"
truer words have not been spoken.
👌
Interestingly Congress supporter birla family protested against liberalisation..
@Thinkschool, I also disagree with him on education thing, as from childhood you are drilled in your schools and collages that to study and go get a job instead of to study for innovation and growth.
School doesn't teach you to get job, societies parents want safety of secure job, and it's reasonable bcs they have come from extreme scarce place
Sanjeev Sir's deep thinking that comes from his fantastic educational background and later his work experience shows in his talking .....
Sanjeev sanyal truly genius solutions especially what he said for education is great
As a student who is going to enter the college as btech cse UG in a local private college, I couldn't agree more to lack of ambitions😅😂....Btw whoever is watching this comment please do leave some advice for others.....It would help us teens a lot😅
Very informative. I have one criticism. While talking about "Hindu rate", he correctly criticised the government who pointed the blame to people instead of their policies. Why should then "poverty of aspiration" be pointed at the people and not to government policies? He mentions, the same people, after moving to other societies are rich in aspiration, does R&D. Why can't the govt bring in policies to incentivise R&D culture in companies and/or universities?
It's already happening at some level that's why there are many startups come up and die down but large population still believe in govt job only embedded from childhood which can't be cured by govt policies like religion..
One is shifting of blame while another is self criticism
Keep going!! 💪
Lovely Informative talk. Strangely Judicial reform is totally missing in All the interviews of Sanjeev Sanyal that I have avidly watched so far.
Judicial services are Central to ease of doing business. In my assessment the energy & resources being wasted 24x7 in getting Judicial resolution in my country India is mind boggling.
This gaping hole in reforms is so significant that it's impact on suppressing our GDP is measurable.
Sanyal-g please enlighten us on this issue & tell us what if anything is being done about it.
If it continues, India wud achieve desired target. Modi hai toh mumkin hai.
Tension mat le… 2029 ne modi aur bjp ja raha hai, hindu se bade dhokebaj koi nahi hai
Great 👍
Believe or not believe india has changed in last 10 years
Most of the country has change becosue of technology
for the worse...
@@counterpoint9260 100 per cent u are a gyu sc st who want reservation kyuki khud ki to aukat hai nahi n
Proof de bakwas na kare @@counterpoint9260
Somewhat but nowhere near what we imagine a 'developed' country to be like
When someone like Nandan Nilekani tries to sidetrack Indian tech companies from doing foundational work in LLMs - he talks about the Indian advantage in developing 'use cases', instead of inspiring Indian tech to invest in developing foundational R&D - you wonder if there is more to it than mere lack of ambition.
US sabotage
Wow ! One of the most revealing podcast I came across. Sanjeev Sanyal sir is blunt and open with his thoughts.
Interesting discussion, I appreciate your questions, Ganesh.
I want these stupid British education system to be changed.nep is not getting implemented in non bjp states still how long we should suffer from these education system
What's the stupid British Education? It is only after British the lower castes were started getting Education
bro non bjp states have the best education in the country, or at leaste some of them. Doesn't mean it's good but many states like Tamil Nadu or Kerala have revamped the british education system decades ago brought reformes. They are not optimal and a lot has to be improved but don't make every issue political and black and white...
I am from gujrat and bjp is the one which pushed the British education here.
Yes Non BJP state Gov are just playing dirty politics... I am from Karnataka here NEP was introduced and Graduation now was of 4 years... Just after 2-3 years Congress went back to old policy and now again Graduation is of 3 years 🤦🤦🤦
@@indianpoliticalvideo7430 3 years or 4 years graduation doesn't do any good until the gov prioritise skill based education