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In this video, you have, on multiple occasions, in many (long-ish) frames, shown an incorrect map of India; showing the so-called 'disputed' PoK *not* to belong to India, but actually belonging to Pakistan! Kindly rectify this ASAP, or your video will be reported -- both to UA-cam as well as to the GoI, which, I'm sure will either force you to change the map to a (more) correct one, or will simply have this video removed from YT, at least in India. Thank you!
*India* 🇮🇳 disappoints both optimists & pessimists . It has a very Indian style of growth . All metrics in India vastly improved in past 30 years yet if compared with Asian Tigers and China , growth is slow .
Look the difference is china had high growth in a very small period of time of say 40 years while India will have medium growth over a long period of 70 years such that by 2050 both would be equal.
Bigger work force is just a liability as of now. However in the future when foreign companies will move to india and other countries will face a population collapse, it would be India's ace
Chinese version of liberalisation was done 13 years before india in 1978 plus china is a communist regime while india is a democracy so decision making is always slower, and i believe that when china industrialised it had no competitors, west was looking to outsource and china was the only option while if india wants to industrialize we either have to create domestic companies or take business from China, both i think are more difficult to do than what china did.
Also not to forget that the so-called “democratic allies” of US and EU decided to economically support China and militarily support Pakistan for decades to the detriment of India.
Chinese policies were also just better. You can only grow with removal of landholding in agriculture and real estate. By educating and skilling up polpulation at military pace. And having very very hogh labour participation.
I'm an AI vendor in the UK and a lawyer, too. More and more companies have outsourced their legal, finance and other functions to India. When we were young we thought it was call centres only. This has changed lots during COVID. More and more items of advanced technical capability are being sent to India or the Philippines. The end client (the corporate or the end client) couldn't be happier as they face pressure to drive down costs and this does that.
In the tech industry where majority of the services are from India vendors it's actually better, because it's B2B ends up being indians working with indians for a US business to a US business.
@@jolly-rancherAll Big US and European banks have their corporate offices/ tech centers here in India. And they have plans only to expand in coming years as it is increasingly difficult to find such talent outside India for similar or justifiable price.
true but the main issue like in video mentioning is jobs for the rest of indians. I was told these industry only has like 4.3 million indians but in the entire indian population is a small percentage. But congrats to the indians that got in.
@@N0Xa880iUL is that what you call empowerment? Building self sustaining industries and developing software for our own nation is way better of an empowerement than doing outsourced jobs
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
@@mariaguerrero08I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
"Izella Annette Anderson" is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
You're not wrong, but someone with a masters can pick up sewing in maybe half a year or less? But someone who only knows sewing can only sew, a person with a degree has the opportunity to "downgrade" or move elsewhere for better opportunities....but your point about a lot of useless degrees for money grab etc stands lol and I agreee@relentlessfrags4914
My first ever employee was a lady in Bangladesh, she was all I could afford at the time, but she ended up being incredible and is still with me to this day.
I'm starting to sense some lazy writing, 12:43 "Putting the labor force over the total population gives economists the labor force participation rate." This is just blatantly wrong, labor force participation rate comes from labor force over the working age population, NOT the total population. If the channel is about explaining economics, you should take care to correctly explain these metrics.
Listen, there is an entire cottage industry dedicated to correcting the numerous mistakes this channel makes in these videos, only "starting" to sense how lazy and frequently incorrect this particular content mill is like tripping over the same thing over and over again and then suddenly going "hey wait someone could trip over this" on the 9th or 10th time lol
I live in a small town and we are family of four , biggest reason my mom didnt choose to work was my father's salary was enough for us . Dad buyed agriculture land , built house , hepled other family members with salary . Now my brother has got job but due to high cost of living and assest creation for his future son he expects a earning wife . So yes things are changing in our society . Most sought-after job for women india is teacher where she go to same school as her kids and it provides extra cash in house along with a sight on kid .
Double productivity in case of India cuz women would participate more. And UK does have that but its the government policies that are causing lower productivity. Its not apples to apples comparison.
Depends on type of workforce you are doubling? Working poor? Middle class? White Collar? Professional? Larger workforce reduces wages if demand is the same.
Exactly! That just assumes that there are enough opportunities to absorb this doubly large workforce - which is simply not the case, as shown by the unemployment numbers of India
what you mean I literally just keep scrolling down to load a bunch of comments and then Ctrl F "Map", and there's alot of whining indian's complaining. Theres even one with 24 likes
For India to grow economically, India must first grow socially. As an Indian, I numerous problems in our society which is holding us back. First and foremost is the rotten state of Politics, stemming from religious and social divide. This leads to uncountable ills like corruption, lack of visionary leaders etc. Then there is extremely slow and inefficient law enforcement and Justice system. The root of everything is us, the people. Most of us lack Constitutional morality and ethics. If we are to become a superpower, we first need to become good people.
In order to instill discipline you need concentrated power in the hands of a competent leader like Lee Kuan Yew, but given the huge diversity the power will be decentralize and the governence will be scattered among corrupt opportunists while the population vote for freebies. Leaders alone can't change the fate of the people if people are idiots.
@@phabove7Like the soviet union and china, you need more of a socialist political system to clear out the corruption and nonsense, then you become liberal as your wealthy
Lack of ethics? How did you come up with that? You don’t need good people for superpower status. You actually believe China and USA are good people . Laughable logic. Seriously the biggest challenge to our superpower status is complete lack of strategic thinking and this nonsensically naive and unnecessary discussion on humanities where the concern is purely military*economy.
Re: Women. Women drop out of the workforce once household income reaches a certain threshold. There's a ILO paper that talks about the region. It is a cultural preference but it will improve dramatically over time.
It’s almost as if high female participation in the workforce increases your labor force in the current generation, but decreases your labor force in the next. 🤔
Indeed. I see that as a massive oversight by just about every speaker on economics in the west. Sacrificing future generations to make the current generation wealthy is not the right way to run a healthy society.
@@00x0xx in a healthy society the woman would be able to chose her life. the main reason lower income countries have more kids is because girls were never given autonomy to make their own decisions, create new life paths for themselves through education. this creates many families that breed like rabbits and their off springs could become liability for the country since they dont always translate into productivity
@00x0xx It's not an oversight, most economists knows this but saying it almost guarantees to be branded as an anti-fe*inist mi**gyn*st, so no one does. (sorry for the asterisks but youtube is bad about this kind of stuff)
In fact this has been my beef about all the academic / important economic models (mostly coming from Keynesian economics). I am not an economist or finance person but intuitively feel that there are lots of economic activity done by unskilled and unproductive labor whose impact cannot be measured. Let's say which is better: kid being taught at after school by both working parents (more economic output) VS kid being taught by parents at home after school (less output) or more long term benefits of say nuclear families VS a joint families. Lots of similar things. Modi has talked about India coming out with it's own democracy index. I think India should establish some independent thinking economic institutions which come up with better metrics (probably keeping population/global sustenance in it's mind).
India functions in spite of it's government, not because of it. And Indias most important export is people (like Ireland and Scotland, just a teeny bit bigger)
As American living in India for several months, a discussion I have to explain to them, yes the wages are 10 times higher, but so are the cost of living. Everyone has their own apt,car, and you have to eat out often expensive terrible tasting food(compared to Indian cuisine) I always advice it's better in India, because at the end of the day, its about how much you can put into your savings. And it usually comes out to be similar. So stay with the good food,friends, and family instead living a lonely Suburban lifestyle
Videsh jakar bhi kamana pdega koi freee ration nhi dene wala😂. Videsh is not a paradise like u guysss think.Jao jakar mehnat kro. Or haaa stop this obsession with jee neet upsc bla bla bla. This govt. Job obsession is destroying our country economy.
To make a point about women participation in workforce, one big aspect is of course the cultural norms in a patriarchal society, where men and women have defined roles. Another factor is, for a long time, in most of India, the cost of living in India was cheap enough that a family of four could live comfortably on one person's salary. My mom was working after education. She decided to stop doing it after child birth. My dad used to work at an average paying job. But, he was able to build a house and pay for our education. But times have changed now. The cost of living has increased so much that it is almost impossible to lead a comfortable life in one of the big cities without both partners working. I bet female participation in the workforce will increase as the country continues to grow.
Dual income households are good for GDP, but not for families. There is a collective action problem, where increasing the labor pool puts downward pressure on salaries. The share of GDP going to labor shrinks over time.
This video goes on about India's labor force, but misses the mark massively cos the most pernicious problem India has been dealing with for a long time now isn't a shortage of labor, but a shortage of JOBS. What's the point having more workers when there aren't enough JOBS available for us already?
BUT we also need to understand that just because there are High female labor force participation in a country, it doesn't mean that those country would have low fertility rate. Peru, Kazakhstan, Madagascar, Ghana, and many countries in Southern tip of Africa in particular, have very high female labor force participation, and yet their fertility rate are still very high. It seems like how rich a country is determining how low fertility rate are in these countries way more than High female labor force participation rate.
India is diverse in every nature. The beauty is that it can rule the world but at the same time fail to solve internal conflicts. The amount of potential the country has can be utilized for so much good. But the political parties, be it right wing or the left wing dont care at all.
Probably the best video on India's economy by a foreign channel... covering both- The Pros and the Cons... Otherwise most of them only show one side (that fits their agenda).
I don't agree with your statement that work that is repetitive, boring and sensitive to labour cost will be the first to be taken over by machines. In developed countries machines often do the difficult but most interesting work. The job of most factory workers is just moving things on and off conveyor belts. The same is happening with AI. It's taking over the most mentally rewarding jobs, not the boring ones.
@theforsakeen-9014 Maybe for braindead jobs like web design, but if you actually tried to use any of these AI tools, you'd know that it breaks down quickly if you try to generate code for anything fairly complex. As long as we don't have an AGI that is able to actually think, that is still ways ahead. AI tools in coding are mostly just for support as of now, not outright replace humans, at least in complex areas.
@@theforsakeen177 AI has helped software engineers to be faster and more productive for right now, not really replaced them. It also means there will be less number of required software engineer to do the work, so they are not getting replaced but lot less number of people are required.
13:18 u r completely wrong here. Indian households have access to LPG gas and are equipped with facilities. The reason for low female participation is the CULTURAL one where women were supposed to raise kids and look aftet the family and men was supposed to take all the financial responsibility. But this is changing fast. GenZ women won't sit at home and more n more are now joining the Labour force.
@MayankTrivedi2i m not any economist to provide facts. See it for urself. It is my observation. The girls around me have aspirations. They do not want to live a rotten life in kitchen. I too have aspirations. Also modern men r showing a subtle reluctance to bear all the financial responsibility.
@@AmarSingh-ms8bh i m residing in an Indian village and not in some megacity. There are no Huts in my village. Everyone has decent house, tubewells(in rajasthan which is considered a dry state), washing machines, etc. People around me now falls in upper middle income category and girls are rapidly joining service sectors. People have moved out of agriculture, so there is labour shortage and we use machines for harvesting.
@@neharathore4160 my dear friend i know these things but it is not sufficient for making us a superpower. Graduates are finding it very hard to find a job in their field of study and the cost of education is rising a lot faster. Recently I tried to enroll my niece in kindergarten they told me the fees of 5000 monthly and it was a very basic very simple school. And ten-twelve years ago it was around 500-700 month. I took a train from west bengal to delhi, my waiting list didn't got approved so i have to travel in an unreserved section there i saw how much behind we are from becoming a developed country. Maybe due to our caste we are only surrounded by them from our caste and we can't see much poorer people around us but in a basti, they are even having proper water connection. 24x7 electricity. Only the rich are getting richer
I hope India does well economically and prospers after the setback it endured in it's history. And with India's economic prosperity takes all it's surrounding neighbour countries to economic prosperity along with India 🫡
invideo AI created videos should be allowed to be turned off or filtered out on all platforms and be labeled as non-human efforts with a warning from UA-cam as it already does for so many ‘contentious’ topics.
Well explained. Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject! Thanks to Mylah Evander the lady you recommended.
No doubt!! I never knew she had gone viral. I decided to back up my assets and property with her when we met at a conference in New Jersey for the first time.
China: shows skyscrapers India: shows a random 1980 street Bro, just 30 mins of search can give you latest images of infra developments of India Do you show dirty streets of San Fransicso when talking abt Silicon Valley? Then why show a mosque taj mahal & a random street when there are 1000s of latest infra projects to show current reality of India
Nah, he shows both good and bad parts of India, and tbh, India has a lot to clean. So you should be happy that India's problems are being highlighted. I'd love to make a subreddit just to show how unclean India is. Btw, I am an Indian living outside India. You don't realize how clean other countries are compared to India unless you step out. Ignoring this problem won't help our country.
Don't drink the vishwaguru koolaid too much bro, there has been a lot of infra development in the last 10 years but we need a lot lot lot more. Just look at our cities, how bad the roads are and the traffic. We need modi for atleast 10 more years and increase infra spending 20% each year atleast. Only then will your comment become a true reality
Agreed, I hope the content creator sees your comment and shows good parts of india as well instead of looking at racist/stereotypical images about India.
It's not like we can't do both, right? We have big enough population of young people to keep growing while educating next gen. It's not like you will start working under 18 people. With education you can make the leap from a agricultural dependent economy to service based economy, largely skipping the manufacturing step. Educating next gen means a developed country in next 25 years.
@@lawsoforganisation that must be from income tax, right? That should not impact school/college fees. Its seems a supply-demand issue to me, more students less quality institutions.
The message of the video is buy India products which seem great to you, don't over-negotiate! What you give is what you get.. great things are always waiting.
Any conversation about India's economy that doesn't mention corruption is a waste. You mentioned "brain drain", which is genuinely a real problem. But the biggest driving factor for it is corruption. The people who work so hard, study and learn English/high-tech in demand skills only do it because any taxes they're paying are funding the lives of leeches. In the west, you pay high taxes to get better services from the govt. Clean air, good roads, better healthcare, and so on. In India, you pay high taxes to get absolutely nothing in return. Every state/central govt that comes into power in India, actively destroys merit, and subsidizes the lives of their inefficient vote bank at the expense of everyone else in the nation. All politics in India is freeby politics, every party promises more free stuff if they come in power. "You get free water and electricity, more jobs and university seats in government institutions reserved for you, IF you vote for me! Don't vote for that other political party that's also promising your free stuff, I will give you more free stuff than them!". Who do you think ultimately pays for all of that?
@@anuragchakraborty8766LGBTQ doesn’t significantly contribute to the indian economy and their rights have improved so much since 2018. But yeah more women in workforce would definitely help.
A female Indian architect at work was telling us how many parents in India sees a college education for their daughters solely as a means to make them more appealing for a prospective husband. They are not expected to actually go into the workforce.
But that is not true for all. I am an Indian girl. My parents wants me and my sister to have higher education so we can be financially independent. This depends on which part of the country since India is socially and culturally very diverse.
@@swathypr3517 India is a very hard country to characterize in a simple way, do the fact that there's no singular Indian culture, despite all its peoples having some common characteristics.
Not enough industries and private wealth creators. We still have the socialist-communist hangover from the 60s and 70s, where all the jobs should be provided by the government alone. There is not one example of a developed communist country but somehow we still believe in the idea of everyone being equally poor. Every idea of capitalist economy is countered by the same old "economic disparity" argument, not looking at the fact that all these socialist schemes need money that ultimately comes from private industries and people employed in it paying taxes.
This was how South Korea and China became an advance economy. Deng said "Let Some people get Rich first". As for South Korea, the entire government threw its weight behind Samsung, and that one Company is like 20% of South Korea's GDP. Is a Tricky situation, you need certain group of People to build an Industry, but you also need policy that make them drag everyone with them.
Just because people aren't actively looking for paying work doesn't mean they don't want it. There is always a segment of the _potential_ labor force which has given up because they are considered unemployable, due to hiring standards. This is usually only addressed when there is a labor shortage, relative to available employment, which doesn't seem to be the case in India. Fewer unemployed poor would substantially increase domestic consumption, so it is a self-sustaining economic impoverishment. Also systemic corruption doesn't help.
Theoretically if you aren't looking for work it means you are able to get by from whatever form of freeloading is available. But the labor participation rate is a far stronger indicator of potential than unemployment rate. A similar dynamic exists in housing: the politicians aren't really pushed to do large scale homebuilding because demand for homes is fairly low right now due to low affordability, yet if we look at average square footage per person in major cities we will see that a lot of people are putting up with tiny living conditions and would obviously prefer a larger supply of homes.
The ability to speak English deserves an asterisk. I’ve had coworkers who I just simply couldn’t understand, and I’m really good at understanding accents and broken English. I know it’s not their fault, but it deserves some consideration
Yeah but business communications, manuals, emails etc are in English which they can read and write. Makes it much easier to deal with even if a person has an accent.
@Dr.Kay_R You need western countries industry to develop your economy. Try to follow their accent. You have more compititors than China had in 80's! At least, try to convey in English which can be clearly understood, if you can't imitate the western accent.
Major miss in the video: Indians have started to manufacture high skill and technically demanding products like iPhone high end android phones and wearables. It’s in fact largest manufacturers of iPhones. Lot of mission critical software products are now built and researched in India since last 10 years. You can research about them on internet. Overall good video.
India has still a long way to go before becoming a superpower I see lots of armchair economists from Bangladesh and Pakistan bringing up their fallacies about why India will not improve in future 😄 PS: I am also a Bangladeshi
Doubtful India will ever become anything, as its population increases the number of unemployed increases, but there will be more mouths to feed. There's nothing India can do to become a superpower, it simply doesn't have what it takes.
As an American, I can absolutely respect Indian women opting to remain in more traditional, household roles. Not everything should be about money. Here in the U.S., we see far more dual-income households with children being raised by daycares, babysitters, and government schools than by their own parents. Children aren't instilled with nearly as well-grounded family values as they once were, leading to a variety of increased social problems. This is why I, as a man, opted to be the sole breadwinner of my family. My wife doesn't work outside the home and, instead, does far more to help me raise our baby girl. She also does a lot more household chores. Also, being that we only have my income to rely on, this means we need to be more careful with finances and not spend so much beyond our means as many Americans often do. We live in such a consumer-based society , with massive amounts of consumer debt. It's a lot easier to fall into that when you have two incomes. I see that with a lot of my coworkers. Just because you have two incomes, it doesn't mean you are really twice as well off. More often, you spend far more and are even worse off than if you had just a single income. This is especially true when you end up needing to spend almost your entire second income on childcare because both parents work outside the home.
Nothing wrong with both parents working really, but it needs to be ensured that the child(ren) are attended to all the time and provided the undivided attention that they they deserve and always yearn for. This care plays a big role in preventing any potential mental illnesses which the Western society today seems to be so plagued by, there's no happiness whatsoever, only depression everywhere, I can't think highly of a society that requires permission from the children for their parents to meet them.
@@egomaniac1209 That's kind of my point. What's wrong with both parents working is that it nearly always ensures children are not given said attention and it always ensures they'll have a worse upbringing. This is a big reason we have such mental illness in the West. Both parents working, takes away from children having the best possible upbringing. The divorce rate also doesn't help; more than 50% of children today grow up in single parent households.
@@johnc1014 but I think dual incomes can be helpful. There is this thing called DINK couples, which sounds nice to me. It's an American concept but popular in India too. Seen many couples like this.
Maybe it's better for a partner to work full time and another partner to work just part time when children are not at home. It's not like you have to stay with them 24/24 hours. Part time jobs would be great
I see EE is trying hard not to upset the majority of the viewers by softening the challenges...Like a loving mother delivering a criticism of a young child.
As a Chinese person, I can see that India has the potential for strong economic growth in the future, as long as they solve existing issues such as gender discrimination and hygiene problems.
It is refreshing to see a western analyst actually talking about real problems of my country than lecturing about our "democracy" in this election season. . At least one point that he has highlighted about the infrastructure is being rapidly addressed. And my hope is his catchline about "predicting the future" turns out true in our case. . Having said that, another commenter has highlighted the trend of India being a country that "equally disappoints optimists and passimists" is quite real and I think India will end up only the 2nd largest economy in this century and then for the rest of the millennium - behind China - which has been the story for the entire human history with some hiccups here n there.
I'm a Mechanical engineer and my workplace has been outsourcing my colleagues jobs to India in very large numbers. My biggest observation is their higher level education isn't worth the paper it's printed on and it made the locals here have to work harder to pick up the slake. One larger challenge this creates is typically it's the bottom of the barrel work going there, which was the work we used to us to train students and new graduates. With that work and the pool of new talent not entering the organization, there's a large 5-6year experience gap. It's also put significant downward pressure on my local wages, if we don't close our mouths and step in line, our job will be sent to India. Overall, it's been a pretty big loss to the technical industry of my home Country Canada.
And what makes you think Canada’s higher education standards are any better? Isn’t your country economically failing right now with skyrocketing levels of unemployment, inflation and homelessness?
Look up and read these articles, it'll be an eye opener: "95% of Indian engineers unfit for jobs" by The Economic Times (an Indian newspaper) "Whistleblower Reveals Fake Degree Epidemic in India", BBC did an article on it
Massive unemployment and pressure on the housing market is bound to happen when you import millions of unneeded people every year...primarily from India.
@@micahaalders9840 That’s an issue you need to take it up with the Canadian government instead of blaming Indians. If native Canadians were doing a good job with their economy, maybe their government wouldn’t feel the need to import people from other countries to prop it up. Identify the root causes of your economic failure before pointing fingers, would be my suggestion.
@@joelsenpai5141he is a UA-camr. The supporters of the BJP(political party that has been in power for 10 years) hate him because he criticises the government on its policies. They call him names like German shepherd as an insult because he lives in Germany.
India 🇮🇳 still has room for everyone. It can learn from western economies and newly developed eastern economies. It really can learn “what not to do” if it’s not possible to achieve a higher growth rate compared to china. A long term strong services economy is not a bad thing for a country like India. It can literally export labour and skilled manpower to every corner of the world.
what most people outside india dont understand is that indians never saw economy as the highest goal, but as a tool for well-being. Its not understandable for people in the west, but indians are kinda proud of doing everything their own way, even if it takes longer. Extreme poverty is getting better every year and there are fewer people every year who cannot eat properly. The important things are that people can eat and that they can learn, economy isnt the most important thing for India.
As an Indian, the biggest issue we face is of 'unskilled labourers'. These people have no education, no skills, are just passing the time scrolling through reels and have no ambition in life because government is providing cheap food or shelter to them.
You forgot to mention that women being mothers in India is why its population growth has steadily increased whereas countries which have women working find it harder to have children or as many e.g. China and Japan. I would say that over long term, that is a strength to have steady organic growth than a 100% increase for a short term in the workforce because say washing machines are now being utilised and then face an ageing population because the working womens culture now means less children are being raised.
Educated jobs are getting saturated in India. And Brain Drain is not much an issue Graduate educated unemployment is more than uneducated unemployment.
Education doesn't produce a wealthy country. All Western countries became wealthy before they became educated. It means you have to be productive, not educated.
That thumbnail is just so, so wrong. I say this as someone who has spent a lot of time living and working in India. The problem is this channel has such a narrow idea of what makes a country 'developed' or 'powerful', which is largely down to money and forgets about everything else. North India is undoubtedly wealthier - you've got the manufacturing hubs in places like Gujarat and immense agriculture in places like Punjab. However, South India, the area you've stuck a big red blob on labelled 'poverty' is far more progressive in other ways. South Indians are typically much better educated (there's a reason Bangalore has become India's major IT hub), which filters into a lot of positivity in other areas. Among other things, it's much better to be a woman in Kerala than it is in Uttar Pradesh. South India is more rural and less modernised in many respects, but to dismiss all that as 'poverty' is extremely narrow minded.
I will make it easier - nobody actually gives a flying fck about India. PS: "There's a reason Bangalore has become India's major IT hub 🤓" geez bro... Bangalore doesn't even compare to a normal Chinese city. You think the world is looking at India ? Nah bro. The media has conditioned you to think that way. Indians like to boast a lot but do not have any hygiene, civic sense to begin with. You didn't even have the common sense to understand that it was a thumbnail. Getting offended at each and every little thing.
You spoke about the lack of state-funded investment in infrastructure. It’s a huge limiting factor for India. Infrastructure in Bangalore, which has become a major global outsourcing area, has primarily been privately funded. The long standing caste structure of its society (despite denials from Modi and the BJP) has a strong cultural bias against community investment. Their basic sanitary, transportation and communication networks and infrastructure suck for the most part. Yes, they have made improvement in public education in some areas, but vast gaps in education still remain. And it’s unlikely to change much over the next generation. It’s my believe that deep-seated caste bias and the economic liabilities associated with that will constrain growth in India. Yes, it may continue to grow amongst the fastest anywhere in the world for a while, but it simply will never match China’s prior growth curve or success
Bro usa is taking Indian skilled people with masters and phd degree if all indian leave usa your economy will collapse all ceo of your top companies are also indian 😂
@@Aashishrawat if Indians were really as smart as you try and portray them, then why is India so poor. My one state of California has a larger GDP than all of India and our population is less than 39 million. Yes, we import the best and brightest of India and to be honest a lot of them aren’t worth the trouble and people are getting wise to that. The best of India is mostly mediocre in this country with a few exceptions. Btw most CEO, and doctors in this country are white, not Indian. India is like the mouse that thought it was an elephant, but so long as they submit to the UK in the commonwealth, then none will respect it.
@@lalodaniels1388 They are quite literally the best by American standards, Indians are the highest earning ethnicity in the USA and most probably even the richest. Most top companies are spearheaded by Indians and highly skilled sectors have huge percentages of Indians in them. Stop coping mate.
Mother India provides for her people without any expectations in return. Many times to her own detriment. The only country and civilization not built on profit and exploitation of slave labor. Those who leave should remember the values they learnt in this great society.
India's one state called Uttar Pradesh has more population than entire Europe. But do you know why India, China, Indonesia have so much population? It's because these countries have the most fertile plains on the planet due to which the population boost happened way earlier. In fact India's relative population today is quite low compared to like 1000 years ago. India is its own mini world. We have the tallest mountains, hottest deserts, beaches, and what not. India has more than a 1000 different languages so much so that if you travel 20 kms the accent or language itself would change. We have one of the oldest culture as well. I encourage you to please visit my country if you ever get the chance.
@@aroto Depends on what you want to see? If you wanna see ancient Indian architecture and UNESCO sites the best places to visit are Delhi, Agra (City in which Taj Mahal) is located and my City Jaipur which is famous for tourism. If you wanna see nature go to Kerala also known as Gods own country. Just search some pictures of Kerala places to visit and you will see what I am talking about. If you want to see beaches then go to Goa, If you wanna see the modern India then you can go to Gurgaon or Noida or Bangalore (also known as Silicone valley of Asia) If you wanna see Switzerland but in 10 times cheaper cost then you can go to Kashmir. If you wanna see Deserts then you can go to Jaisalmer.
@@mohakjain5802 thank you, i want to travel to india soon so i will actually use your advice. For me, either nature of beaches :) Thank you for taking the time
Am I the only person who thinks calling seamstresses UNSKILLED labour is so offensive? I guess I understood what you meant to say , but the wording is still quite disrespectful in my opinion. I’d call it exploitation, not lack of skill …
In the first to the lack of a technical or stem degree required to enter the field. Moreover wow high level seamstresses can make patterns that no machine can dream of The majority of what they do can be replicated by low skills labors hitting buttons. As an American I would classify that as unskilled labor however it's incredibly talented work. Not mutually exclusive descriptives
If it doesn't require an advanced degree, it's considered "unskilled" in government statistics. You can argue with that designation, but Economics Explained is using the term as it is generally understood.
It's still the same lol. And it'll remain same. India is lagging too much. This country focus on religion nonsense 😂 too much. Indian state should declare atheism as their religion. Religion= cancer.
Please stop comparing China and India. Both are unique and different political systems. India is not a centralised power like China. One simple road built needs thousands of pieces of legislation, including approval from the federal government, the state government, the district, and the village head. If that only happened, the opposition party would not politicise the issue left and right. Even among all that chaos, they doing their best. First, I thought India should follow Mao style politics and get rid of state-level politics, religions, state identity, and centralised language, but after seeing the diversity and uniquiness, there is something more important than prosperity, worth protecting. MOney is important; economic growth as well. But let do that India way, the democratic way. Say no to religious extremism from sanghis and Islamists. I have seen people who come from the same religions fight among themselves just because they have tiny theology and political differences in the Middle East. Imagine a country with thousands of religions, cultures, and languages. Yes, Indians bash each other, but when it comes to a nation, the union still remains strong even when there are outsiders and internal forces wanting to break it down. Even Pakistan, founded on a single religion, dying slowly, showing a terrible idea, found a country on a religious basis.
The points about women’s participation in the labour force are somewhat undercut by the graph showing the participation rate skyrocketing in the last few years.
Women doing domestic work and staying home might give up short term economic benefits but vastly raises long term benefits as it promotes much higher fertility rates.
Yeah, most people don't realise whenever they bring up this point. Not only that the stagnation of wages. I think personally the best way is that women mainly married one's should take on part time if they want to at all. This should help without major disadvantages
"Superpower" also entails power projection across the globe. It would actually be nice if India *didn't* aim to dominate world affairs, and instead settled for economic growth and cultural influence.
Any country sustaining the lives of billions of people year in year out is a great country in my books...lets give America 1.5billion people and let's see how they fair...India and China are the big brothers of planet Earth.
Another thing to point out is strong traditions that keeps things more the ways they are, for example Indian farmers makes up a massive percentage of the population because their farms are mostly still small scale individual farms using small machineries or animals and hand work. The farmers groups have huge political power and actively oppose any attempt for large companies with capital to buy out the land to do industrial scale farming with fleets of large machinery and much less number of workers. Similarly, traditions like women not working, castes system limit who are allowed to have which jobs removes large percentage of potential workers from industries that are in high demand. That and lack of modern infrastructure like railways that was built since the British means they are capped in term on how much growth can scale up.
@@dannydaw59 depends. if you see rural india then yes it's garbage for women, they just don't realise it. but urban india is fine. still heavy room for improvement is there
Less women entering jobs is in-fact a big problem for India, a lot of this stems from the fact that women are more reluctant to leave for big cities where almost all of these jobs are and most of India's huge population still lives far from cities. While Government is doing its share, a lot more is to be done to ensure women safety and easy transportation in cities.
most of the indian women don't wanna do jobs in the first place. they want to get educated so that they can raise the price of kabin in marriage. you know it so don't pretend to ignore the truth.
One thing that the labor participation numbers don't show is that a lot of women in India do hard labor like construction or street cleaning, but they are not counted as actual workers, more like diy work in eastern countries. I've been in India and found it very strange, but it's apparently so ingrained in the culture that even ads on TV casually show it...
Telling lies has become the only coping mechanism for western people! Guess you guys just spend very little to no money on those outsourcing! You get what you pay for, even in china.
In the heart of every dawn, there lies a chance, For nations like ours to advance and enhance. From Himalayan peaks to the Indian Ocean's might, India's spirit soars, a beacon of light. With every sunrise, our dreams take flight, In the realm of progress, we find our sight. The wheels of industry turn, steadfast and strong, belong. In the dance of innovation, we all The seeds of tomorrow in today's soil we sow, Nurturing aspirations, watching them grow. From silicon wafers to the stars above, India moves forward, powered by love. In the fabric of time, each thread weaves a tale, Of a country rising, determined to prevail. Through trials and triumphs, our journey's writ, In the book of the future, India's chapter lit. So let not your heart be troubled or torn, For in India's chest, a lion's heart is born. With courage and unity, we'll chart the course, Harnessing our potential, an unstoppable force. And though the world may shift, ebb, and sway, India's progress is here to stay. For in every Indian's heart, it's clear to see, The dream of a nation, proud, strong, and free.
Thanks for watching! You can use InVideo AI for free, but for $20/month you get access to millions of stock footage clips without watermark, go to invideo.io/i/EconomicsExplained
Could you do a video on Jamaica’s economy?🙏🏽🙏🏽
@@romarreid I support this idea, please make one on Jamaica's economy
Show the correct map of India. Gilgit-Baltistan is part of India as per UN resolution of 1947/48
Make one on Jordan's economy too.
In this video, you have, on multiple occasions, in many (long-ish) frames, shown an incorrect map of India; showing the so-called 'disputed' PoK *not* to belong to India, but actually belonging to Pakistan!
Kindly rectify this ASAP, or your video will be reported -- both to UA-cam as well as to the GoI, which, I'm sure will either force you to change the map to a (more) correct one, or will simply have this video removed from YT, at least in India.
Thank you!
weekly dose of hearing "no one can predict the future, least of all economists" 😂
starting to get annoying
I'd call it content farming but this channel is too nice for that haha
Everyone needs an iconic line.
it's not even true, who else would be better? a plumber?
@@digitalpain8269 No. Nobody can predict the future.
*India* 🇮🇳 disappoints both optimists & pessimists . It has a very Indian style of growth . All metrics in India vastly improved in past 30 years yet if compared with Asian Tigers and China , growth is slow .
Indeed True
India is about 40-50 years behind China.
@@silveriver9 I would accept a 20 year gap nothing more . India defenitely look way better than how China looked in 1980s or 1990s . 😂 . Come on
Look the difference is china had high growth in a very small period of time of say 40 years while India will have medium growth over a long period of 70 years such that by 2050 both would be equal.
@@s9ka972 You are very delusional. India today is like China in the 1960s.
I feel bigger work force won't help the country if there is no work to do in the first place
Indeed
Exactly
Yeah, the demographic divident is a lot smaller nowadays then previously
bigger work force will attract world manufacturing companies to move to that area
Bigger work force is just a liability as of now. However in the future when foreign companies will move to india and other countries will face a population collapse, it would be India's ace
Chinese version of liberalisation was done 13 years before india in 1978 plus china is a communist regime while india is a democracy so decision making is always slower, and i believe that when china industrialised it had no competitors, west was looking to outsource and china was the only option while if india wants to industrialize we either have to create domestic companies or take business from China, both i think are more difficult to do than what china did.
Simple but correct summary.
China really messed up with the one child policy. India is below replacement level but nowhere near as bad as china.
Also not to forget that the so-called “democratic allies” of US and EU decided to economically support China and militarily support Pakistan for decades to the detriment of India.
Look at the other side, India probably has the highest english proficiency amongst all Asian countries.
Chinese policies were also just better. You can only grow with removal of landholding in agriculture and real estate. By educating and skilling up polpulation at military pace. And having very very hogh labour participation.
Used the cheat code India, for the last minute view bump
And you guys fell for it
@@user-ue4fh5mv9s 😅
Indian viewers are not worth a lot, look at cpm by countries
Sorry but views from india gives 10 times less as revenue than an American viewers.
@@SafavidAfsharid3197 Yeah but it helps with algorithm. Funny you're probabaly South Asian
I'm an AI vendor in the UK and a lawyer, too. More and more companies have outsourced their legal, finance and other functions to India. When we were young we thought it was call centres only. This has changed lots during COVID. More and more items of advanced technical capability are being sent to India or the Philippines. The end client (the corporate or the end client) couldn't be happier as they face pressure to drive down costs and this does that.
Won't be long until India's indigenous vendors overtake.
businesses especially those related to finance stopped outsourcing call centers to india for obvious reasons.
In the tech industry where majority of the services are from India vendors it's actually better, because it's B2B ends up being indians working with indians for a US business to a US business.
@@jolly-rancherAll Big US and European banks have their corporate offices/ tech centers here in India. And they have plans only to expand in coming years as it is increasingly difficult to find such talent outside India for similar or justifiable price.
true but the main issue like in video mentioning is jobs for the rest of indians. I was told these industry only has like 4.3 million indians but in the entire indian population is a small percentage. But congrats to the indians that got in.
"outsourcing bad, AI good,
For some reason"
👌
yes. because outsourcing is not always great , some people give the argument that it's just colonialism but without violence.
white people think that they will win in AI, that's why AI good narrative. They might be in for a rude awakening
@@Sailed_awayno, outsourcing is just subjecting white people to fair competition for the first time in history and watching the gaslighters acream
@@Sailed_away Not employing them is even worse.
@@N0Xa880iUL is that what you call empowerment? Building self sustaining industries and developing software for our own nation is way better of an empowerement than doing outsourced jobs
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
@@mariaguerrero08I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
"Izella Annette Anderson" is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
calling sewing "unskilled" but watching people shop "semi skilled"
Westoids have really weird status sensibilities that boil down to "anything involving manual labour is trash"
In this context skilled is just refering to education level
You're not wrong, but someone with a masters can pick up sewing in maybe half a year or less? But someone who only knows sewing can only sew, a person with a degree has the opportunity to "downgrade" or move elsewhere for better opportunities....but your point about a lot of useless degrees for money grab etc stands lol and I agreee@relentlessfrags4914
Yeah I think this definition of skilled, unskilled is not very helpful a category.
@relentlessfrags4914 It's useless if you pursue it beyond market saturation.
My first ever employee was a lady in Bangladesh, she was all I could afford at the time, but she ended up being incredible and is still with me to this day.
Bangladesh is not India
@@jolly-rancher oh what i thought it was
We are not indian sir
@@aariyanmahmud301 it's like confusing americans and canadians. Just because they are neighbors, doesn't mean they are the same
@@PrabhablyAGoodUA-camr It's more like US & Mexico. A very transactional and occasionally salty relationship!
kinda funny how this video is sponsored by an indian startup 😂😂😂
Nice spot
They know Indians flood to any video that even remotely mentions India.
@@ponuni It's a good thing. More Indian sponsors should do this.
And undercutting Sora on price.
that too an ai startup🤣
I'm starting to sense some lazy writing, 12:43 "Putting the labor force over the total population gives economists the labor force participation rate."
This is just blatantly wrong, labor force participation rate comes from labor force over the working age population, NOT the total population. If the channel is about explaining economics, you should take care to correctly explain these metrics.
Listen, there is an entire cottage industry dedicated to correcting the numerous mistakes this channel makes in these videos, only "starting" to sense how lazy and frequently incorrect this particular content mill is like tripping over the same thing over and over again and then suddenly going "hey wait someone could trip over this" on the 9th or 10th time
lol
@@rio425ee "starting to sense" was being polite :)
Thanks for pointing that out.
EE is not an economist. He only reads some Wikipedia articles and then makes a video on it. His understanding of Economics is reading GDP charts.
@bennettliu236 maybe if you'd have paid attention to his pre, you'd not be a complete idiot.
I live in a small town and we are family of four , biggest reason my mom didnt choose to work was my father's salary was enough for us . Dad buyed agriculture land , built house , hepled other family members with salary . Now my brother has got job but due to high cost of living and assest creation for his future son he expects a earning wife . So yes things are changing in our society . Most sought-after job for women india is teacher where she go to same school as her kids and it provides extra cash in house along with a sight on kid .
nice thats actually good help
double the workforce does not mean doubling productivity... UK is a prime example of this.
productivity follows investment in infra and workers' tools and skills
Double productivity in case of India cuz women would participate more. And UK does have that but its the government policies that are causing lower productivity.
Its not apples to apples comparison.
Depends on type of workforce you are doubling? Working poor? Middle class? White Collar? Professional? Larger workforce reduces wages if demand is the same.
Exactly! That just assumes that there are enough opportunities to absorb this doubly large workforce - which is simply not the case, as shown by the unemployment numbers of India
you need to have industries, if were honest most companies are not UK but US and this means the UK is just a small fry
POV: you're trying to find comments about the wrong map mentioned by others but can't find any
I was doing the same thing lol, couldn't find any.
it's the world famous 76 iq on full display
@@jolly-rancherbecause IQ totally stands in relation to that
what you mean I literally just keep scrolling down to load a bunch of comments and then Ctrl F "Map", and there's alot of whining indian's complaining. Theres even one with 24 likes
which means Indians are becoming more secure.
For India to grow economically, India must first grow socially. As an Indian, I numerous problems in our society which is holding us back. First and foremost is the rotten state of Politics, stemming from religious and social divide. This leads to uncountable ills like corruption, lack of visionary leaders etc. Then there is extremely slow and inefficient law enforcement and Justice system. The root of everything is us, the people. Most of us lack Constitutional morality and ethics. If we are to become a superpower, we first need to become good people.
In order to instill discipline you need concentrated power in the hands of a competent leader like Lee Kuan Yew, but given the huge diversity the power will be decentralize and the governence will be scattered among corrupt opportunists while the population vote for freebies.
Leaders alone can't change the fate of the people if people are idiots.
@@phabove7Like the soviet union and china, you need more of a socialist political system to clear out the corruption and nonsense, then you become liberal as your wealthy
Imbecile!
Lack of ethics? How did you come up with that? You don’t need good people for superpower status. You actually believe China and USA are good people . Laughable logic. Seriously the biggest challenge to our superpower status is complete lack of strategic thinking and this nonsensically naive and unnecessary discussion on humanities where the concern is purely military*economy.
We see all of that in the massive indian population infecting Canada, therefore rapidly making it the most hated demographic.
Re: Women. Women drop out of the workforce once household income reaches a certain threshold. There's a ILO paper that talks about the region. It is a cultural preference but it will improve dramatically over time.
It’s almost as if high female participation in the workforce increases your labor force in the current generation, but decreases your labor force in the next. 🤔
Indeed. I see that as a massive oversight by just about every speaker on economics in the west. Sacrificing future generations to make the current generation wealthy is not the right way to run a healthy society.
@@00x0xx in a healthy society the woman would be able to chose her life. the main reason lower income countries have more kids is because girls were never given autonomy to make their own decisions, create new life paths for themselves through education. this creates many families that breed like rabbits and their off springs could become liability for the country since they dont always translate into productivity
@00x0xx It's not an oversight, most economists knows this but saying it almost guarantees to be branded as an anti-fe*inist mi**gyn*st, so no one does. (sorry for the asterisks but youtube is bad about this kind of stuff)
I have never thought about it in this perspective, but you may have a point.
In fact this has been my beef about all the academic / important economic models (mostly coming from Keynesian economics). I am not an economist or finance person but intuitively feel that there are lots of economic activity done by unskilled and unproductive labor whose impact cannot be measured. Let's say which is better: kid being taught at after school by both working parents (more economic output) VS kid being taught by parents at home after school (less output) or more long term benefits of say nuclear families VS a joint families. Lots of similar things. Modi has talked about India coming out with it's own democracy index. I think India should establish some independent thinking economic institutions which come up with better metrics (probably keeping population/global sustenance in it's mind).
India functions in spite of it's government, not because of it. And Indias most important export is people (like Ireland and Scotland, just a teeny bit bigger)
As American living in India for several months, a discussion I have to explain to them, yes the wages are 10 times higher, but so are the cost of living. Everyone has their own apt,car, and you have to eat out often expensive terrible tasting food(compared to Indian cuisine)
I always advice it's better in India, because at the end of the day, its about how much you can put into your savings. And it usually comes out to be similar. So stay with the good food,friends, and family instead living a lonely Suburban lifestyle
Exactly! They don't get it... it's like white = money. It's actually quite tough moving to the west... even more so on your own.
Bro really dropped this a day after mains results where majority of our youth is depressed and want to leave the country lol
😂😂😂😂
Videsh jakar bhi kamana pdega koi freee ration nhi dene wala😂. Videsh is not a paradise like u guysss think.Jao jakar mehnat kro.
Or haaa stop this obsession with jee neet upsc bla bla bla. This govt. Job obsession is destroying our country economy.
@@neharathore4160 You are absolutely right.
JEE Mains?
😂 because of khangress dhruv ke tatte
To make a point about women participation in workforce, one big aspect is of course the cultural norms in a patriarchal society, where men and women have defined roles.
Another factor is, for a long time, in most of India, the cost of living in India was cheap enough that a family of four could live comfortably on one person's salary. My mom was working after education. She decided to stop doing it after child birth. My dad used to work at an average paying job. But, he was able to build a house and pay for our education.
But times have changed now. The cost of living has increased so much that it is almost impossible to lead a comfortable life in one of the big cities without both partners working. I bet female participation in the workforce will increase as the country continues to grow.
you could see the signs, the graph pretty much shot up after 2020
...or a matriarchal society.
Dual income households are good for GDP, but not for families. There is a collective action problem, where increasing the labor pool puts downward pressure on salaries. The share of GDP going to labor shrinks over time.
This video goes on about India's labor force, but misses the mark massively cos the most pernicious problem India has been dealing with for a long time now isn't a shortage of labor, but a shortage of JOBS. What's the point having more workers when there aren't enough JOBS available for us already?
BUT we also need to understand that just because there are High female labor force participation in a country, it doesn't mean that those country would have low fertility rate.
Peru, Kazakhstan, Madagascar, Ghana, and many countries in Southern tip of Africa in particular, have very high female labor force participation, and yet their fertility rate are still very high.
It seems like how rich a country is determining how low fertility rate are in these countries way more than High female labor force participation rate.
India is diverse in every nature.
The beauty is that it can rule the world but at the same time fail to solve internal conflicts.
The amount of potential the country has can be utilized for so much good.
But the political parties, be it right wing or the left wing dont care at all.
Probably the best video on India's economy by a foreign channel... covering both- The Pros and the Cons... Otherwise most of them only show one side (that fits their agenda).
this channel is very biased. there videos on africa is very ignorant and eurocentric, pretty much the sad state of youtube nowdays.
I don't agree with your statement that work that is repetitive, boring and sensitive to labour cost will be the first to be taken over by machines. In developed countries machines often do the difficult but most interesting work. The job of most factory workers is just moving things on and off conveyor belts. The same is happening with AI. It's taking over the most mentally rewarding jobs, not the boring ones.
Do you have any examples of the said mentally rewarding jobs that are being replaced by AI?
@@ashd9196art, literature, etc
@@ashd9196 prompt engineer are apparently replacing software engineer in tech today.
@theforsakeen-9014 Maybe for braindead jobs like web design, but if you actually tried to use any of these AI tools, you'd know that it breaks down quickly if you try to generate code for anything fairly complex. As long as we don't have an AGI that is able to actually think, that is still ways ahead. AI tools in coding are mostly just for support as of now, not outright replace humans, at least in complex areas.
@@theforsakeen177 AI has helped software engineers to be faster and more productive for right now, not really replaced them. It also means there will be less number of required software engineer to do the work, so they are not getting replaced but lot less number of people are required.
13:18 u r completely wrong here. Indian households have access to LPG gas and are equipped with facilities. The reason for low female participation is the CULTURAL one where women were supposed to raise kids and look aftet the family and men was supposed to take all the financial responsibility.
But this is changing fast. GenZ women won't sit at home and more n more are now joining the Labour force.
@MayankTrivedi2i m not any economist to provide facts. See it for urself. It is my observation. The girls around me have aspirations. They do not want to live a rotten life in kitchen. I too have aspirations.
Also modern men r showing a subtle reluctance to bear all the financial responsibility.
@@neharathore4160 Your anecdotal experience is not getting reflected in the real facts.
Just look at indian villages you'll find your answer, majority of india lives there
@@AmarSingh-ms8bh i m residing in an Indian village and not in some megacity. There are no Huts in my village. Everyone has decent house, tubewells(in rajasthan which is considered a dry state), washing machines, etc. People around me now falls in upper middle income category and girls are rapidly joining service sectors. People have moved out of agriculture, so there is labour shortage and we use machines for harvesting.
@@neharathore4160 my dear friend i know these things but it is not sufficient for making us a superpower. Graduates are finding it very hard to find a job in their field of study and the cost of education is rising a lot faster. Recently I tried to enroll my niece in kindergarten they told me the fees of 5000 monthly and it was a very basic very simple school. And ten-twelve years ago it was around 500-700 month. I took a train from west bengal to delhi, my waiting list didn't got approved so i have to travel in an unreserved section there i saw how much behind we are from becoming a developed country. Maybe due to our caste we are only surrounded by them from our caste and we can't see much poorer people around us but in a basti, they are even having proper water connection. 24x7 electricity. Only the rich are getting richer
India seems like a country that should be several different countries. Even after losing several regions over the last century.
I hope India does well economically and prospers after the setback it endured in it's history. And with India's economic prosperity takes all it's surrounding neighbour countries to economic prosperity along with India 🫡
invideo AI created videos should be allowed to be turned off or filtered out on all platforms and be labeled as non-human efforts with a warning from UA-cam as it already does for so many ‘contentious’ topics.
Fartificial Stupidity !!
Hahahaha
Thank You :)
Well explained. Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject! Thanks to Mylah Evander the lady you recommended.
That is true my dear! Investment is the best idea presently and without it, human struggles are worthless.
I'm worried that my savings of $15k is losing value because of inflation hikes and more.
That woman totally changed my life for good. I have come across individuals but none is as honest as Mylah Evander. So surprised you know her too.
No doubt!! I never knew she had gone viral. I decided to back up my assets and property with her when we met at a conference in New Jersey for the first time.
Is there anywhere I can get across this woman for a startup???
China: shows skyscrapers
India: shows a random 1980 street
Bro, just 30 mins of search can give you latest images of infra developments of India
Do you show dirty streets of San Fransicso when talking abt Silicon Valley? Then why show a mosque taj mahal & a random street when there are 1000s of latest infra projects to show current reality of India
That’s because the content creator has been brainwashed by racist western media sources. I hope he will check this comment and show the newer India.
Nah, he shows both good and bad parts of India, and tbh, India has a lot to clean. So you should be happy that India's problems are being highlighted. I'd love to make a subreddit just to show how unclean India is.
Btw, I am an Indian living outside India. You don't realize how clean other countries are compared to India unless you step out. Ignoring this problem won't help our country.
Don't drink the vishwaguru koolaid too much bro, there has been a lot of infra development in the last 10 years but we need a lot lot lot more. Just look at our cities, how bad the roads are and the traffic. We need modi for atleast 10 more years and increase infra spending 20% each year atleast. Only then will your comment become a true reality
Agreed, I hope the content creator sees your comment and shows good parts of india as well instead of looking at racist/stereotypical images about India.
@@Varun2799we need to lower the amount of socialist programmes we are running as well
Lack of laws around affordable education is a big barrier. People end up spending a fortune.
Corruption is also a big problem
because you are also paying for the 25% reservation RTE created
Countries become wealthy before they become educated. Trying to get education first keeps you poor.
It's not like we can't do both, right? We have big enough population of young people to keep growing while educating next gen. It's not like you will start working under 18 people.
With education you can make the leap from a agricultural dependent economy to service based economy, largely skipping the manufacturing step.
Educating next gen means a developed country in next 25 years.
@@lawsoforganisation that must be from income tax, right? That should not impact school/college fees. Its seems a supply-demand issue to me, more students less quality institutions.
This is a fantastic analysis without any partiality. Indian UA-camrs should watch this before preaching India India everywhere on internet.
The message of the video is buy India products which seem great to you, don't over-negotiate! What you give is what you get.. great things are always waiting.
It's hard to maintain economic growth while taking care of 1.5 billion people in a hostile neighborhood and have a functional democracy
Functional democracy in India? 😂
Right
@@Anonymous------ Yes, the largest one at that
@@Anonymous------ Keep laughing.
@@Anonymous------ Obviously more functional than Bangladesh and Pakistan 😃
Any conversation about India's economy that doesn't mention corruption is a waste. You mentioned "brain drain", which is genuinely a real problem. But the biggest driving factor for it is corruption. The people who work so hard, study and learn English/high-tech in demand skills only do it because any taxes they're paying are funding the lives of leeches. In the west, you pay high taxes to get better services from the govt. Clean air, good roads, better healthcare, and so on. In India, you pay high taxes to get absolutely nothing in return.
Every state/central govt that comes into power in India, actively destroys merit, and subsidizes the lives of their inefficient vote bank at the expense of everyone else in the nation. All politics in India is freeby politics, every party promises more free stuff if they come in power. "You get free water and electricity, more jobs and university seats in government institutions reserved for you, IF you vote for me! Don't vote for that other political party that's also promising your free stuff, I will give you more free stuff than them!". Who do you think ultimately pays for all of that?
Also the persecution of women and the LGBTQ community is directly hurting India’s potential GDP growth, besides being immoral obviously.
@@anuragchakraborty8766LGBTQ doesn’t significantly contribute to the indian economy and their rights have improved so much since 2018.
But yeah more women in workforce would definitely help.
This is the best comment on this topic which summaries the dilemma of India
@@anuragchakraborty8766how is the lgbt and women thing hurting gdp growth?? i still cant understand your logic
@@anujrbx because you fascists are restricting their participation in the workforce which is hindering their ability to access disposable incomes.
A female Indian architect at work was telling us how many parents in India sees a college education for their daughters solely as a means to make them more appealing for a prospective husband. They are not expected to actually go into the workforce.
Also higher education seen as socially prestigious cuz it confers honor to the family.
But that is not true for all. I am an Indian girl. My parents wants me and my sister to have higher education so we can be financially independent. This depends on which part of the country since India is socially and culturally very diverse.
@@swathypr3517 India is a very hard country to characterize in a simple way, do the fact that there's no singular Indian culture, despite all its peoples having some common characteristics.
Big country cant generalize
leave the women alone
Problem with India is rising inequality. Wealth is concentrated to top 50 rich corporates while 800 million living on rations.
That has dropped since Independence.
That means India has 600 to 700 million middle class which has grown from 300 million before 2010. Look at the other side also.
Jai hind
Not enough industries and private wealth creators. We still have the socialist-communist hangover from the 60s and 70s, where all the jobs should be provided by the government alone.
There is not one example of a developed communist country but somehow we still believe in the idea of everyone being equally poor.
Every idea of capitalist economy is countered by the same old "economic disparity" argument, not looking at the fact that all these socialist schemes need money that ultimately comes from private industries and people employed in it paying taxes.
I second this
China is a developed Communist country...
This was how South Korea and China became an advance economy. Deng said "Let Some people get Rich first". As for South Korea, the entire government threw its weight behind Samsung, and that one Company is like 20% of South Korea's GDP.
Is a Tricky situation, you need certain group of People to build an Industry, but you also need policy that make them drag everyone with them.
Vietnam is doing well
Just because people aren't actively looking for paying work doesn't mean they don't want it. There is always a segment of the _potential_ labor force which has given up because they are considered unemployable, due to hiring standards. This is usually only addressed when there is a labor shortage, relative to available employment, which doesn't seem to be the case in India. Fewer unemployed poor would substantially increase domestic consumption, so it is a self-sustaining economic impoverishment. Also systemic corruption doesn't help.
Theoretically if you aren't looking for work it means you are able to get by from whatever form of freeloading is available. But the labor participation rate is a far stronger indicator of potential than unemployment rate.
A similar dynamic exists in housing: the politicians aren't really pushed to do large scale homebuilding because demand for homes is fairly low right now due to low affordability, yet if we look at average square footage per person in major cities we will see that a lot of people are putting up with tiny living conditions and would obviously prefer a larger supply of homes.
@Dr.Kay_R Sorry to hear that, I hope they will have an opportunity to apply their education soon. It's all too common a problem.
@Dr.Kraig_Ren lol tell them to go to Europe. EU is a pharma hub. They can also try working with breweries. India has few of them.
The ability to speak English deserves an asterisk. I’ve had coworkers who I just simply couldn’t understand, and I’m really good at understanding accents and broken English. I know it’s not their fault, but it deserves some consideration
Yeah but business communications, manuals, emails etc are in English which they can read and write. Makes it much easier to deal with even if a person has an accent.
Yeah, they also got competition from countries like Philippine and Mexico.
@Dr.Kay_R No, they migrated out of the country. The only people who stays are people with basic english skills.
@Dr.Kay_R There's no correlation between my previous comment and your latest reply.
It doesn't contradicted each others.
@Dr.Kay_R You need western countries industry to develop your economy. Try to follow their accent. You have more compititors than China had in 80's! At least, try to convey in English which can be clearly understood, if you can't imitate the western accent.
Major miss in the video: Indians have started to manufacture high skill and technically demanding products like iPhone high end android phones and wearables. It’s in fact largest manufacturers of iPhones. Lot of mission critical software products are now built and researched in India since last 10 years. You can research about them on internet.
Overall good video.
Thank you! Manufacturing sector might give the upper hand into becoming a major member of the United Nations.
India has still a long way to go before becoming a superpower
I see lots of armchair economists from Bangladesh and Pakistan bringing up their fallacies about why India will not improve in future 😄
PS: I am also a Bangladeshi
India is already a super cow power. 😂
In ppp or real terms we will become a rich nation by 2050s but in nominal terms may be after 2060s or later😢.
@@Anonymous------ Tell me about Bangladesh and Pakistan, they even lack basic education
Doubtful India will ever become anything, as its population increases the number of unemployed increases, but there will be more mouths to feed. There's nothing India can do to become a superpower, it simply doesn't have what it takes.
@@swapneelbehera260 Per capita is what matters.
To become an upper income country drastic decisions are needed....india might be stuck in middle income range
Thank you for doing this.
As an American, I can absolutely respect Indian women opting to remain in more traditional, household roles.
Not everything should be about money.
Here in the U.S., we see far more dual-income households with children being raised by daycares, babysitters, and government schools than by their own parents.
Children aren't instilled with nearly as well-grounded family values as they once were, leading to a variety of increased social problems.
This is why I, as a man, opted to be the sole breadwinner of my family. My wife doesn't work outside the home and, instead, does far more to help me raise our baby girl. She also does a lot more household chores.
Also, being that we only have my income to rely on, this means we need to be more careful with finances and not spend so much beyond our means as many Americans often do.
We live in such a consumer-based society , with massive amounts of consumer debt. It's a lot easier to fall into that when you have two incomes. I see that with a lot of my coworkers.
Just because you have two incomes, it doesn't mean you are really twice as well off. More often, you spend far more and are even worse off than if you had just a single income.
This is especially true when you end up needing to spend almost your entire second income on childcare because both parents work outside the home.
Nothing wrong with both parents working really, but it needs to be ensured that the child(ren) are attended to all the time and provided the undivided attention that they they deserve and always yearn for. This care plays a big role in preventing any potential mental illnesses which the Western society today seems to be so plagued by, there's no happiness whatsoever, only depression everywhere, I can't think highly of a society that requires permission from the children for their parents to meet them.
@@egomaniac1209 That's kind of my point. What's wrong with both parents working is that it nearly always ensures children are not given said attention and it always ensures they'll have a worse upbringing.
This is a big reason we have such mental illness in the West.
Both parents working, takes away from children having the best possible upbringing.
The divorce rate also doesn't help; more than 50% of children today grow up in single parent households.
@@johnc1014 but I think dual incomes can be helpful. There is this thing called DINK couples, which sounds nice to me. It's an American concept but popular in India too. Seen many couples like this.
@@mango-strawberry dhoti
Maybe it's better for a partner to work full time and another partner to work just part time when children are not at home. It's not like you have to stay with them 24/24 hours. Part time jobs would be great
I see EE is trying hard not to upset the majority of the viewers by softening the challenges...Like a loving mother delivering a criticism of a young child.
As a Chinese person, I can see that India has the potential for strong economic growth in the future, as long as they solve existing issues such as gender discrimination and hygiene problems.
It is refreshing to see a western analyst actually talking about real problems of my country than lecturing about our "democracy" in this election season.
.
At least one point that he has highlighted about the infrastructure is being rapidly addressed. And my hope is his catchline about "predicting the future" turns out true in our case.
.
Having said that, another commenter has highlighted the trend of India being a country that "equally disappoints optimists and passimists" is quite real and I think India will end up only the 2nd largest economy in this century and then for the rest of the millennium - behind China - which has been the story for the entire human history with some hiccups here n there.
I'm a Mechanical engineer and my workplace has been outsourcing my colleagues jobs to India in very large numbers. My biggest observation is their higher level education isn't worth the paper it's printed on and it made the locals here have to work harder to pick up the slake.
One larger challenge this creates is typically it's the bottom of the barrel work going there, which was the work we used to us to train students and new graduates. With that work and the pool of new talent not entering the organization, there's a large 5-6year experience gap.
It's also put significant downward pressure on my local wages, if we don't close our mouths and step in line, our job will be sent to India.
Overall, it's been a pretty big loss to the technical industry of my home Country Canada.
And what makes you think Canada’s higher education standards are any better?
Isn’t your country economically failing right now with skyrocketing levels of unemployment, inflation and homelessness?
Look up and read these articles, it'll be an eye opener:
"95% of Indian engineers unfit for jobs" by The Economic Times (an Indian newspaper)
"Whistleblower Reveals Fake Degree Epidemic in India", BBC did an article on it
Massive unemployment and pressure on the housing market is bound to happen when you import millions of unneeded people every year...primarily from India.
@@micahaalders9840 That’s an issue you need to take it up with the Canadian government instead of blaming Indians.
If native Canadians were doing a good job with their economy, maybe their government wouldn’t feel the need to import people from other countries to prop it up.
Identify the root causes of your economic failure before pointing fingers, would be my suggestion.
@@anuragchakraborty8766 don't worry we [Canadians] don't blame India, our government is below average despite our top tier educational system.
German shepherd - do we need strong economy
I dont understand?
@@joelsenpai5141He is taking about Dhruv Rathee, I believe he is a kid, don't know how to respect others.
@@Pranay471 is dhruv rathee some indian politician? im not indian, im just asking because i thought there was some talking dog or something
@@joelsenpai5141he is a UA-camr. The supporters of the BJP(political party that has been in power for 10 years) hate him because he criticises the government on its policies. They call him names like German shepherd as an insult because he lives in Germany.
@@Nishxnt_Y ahhhh thanks for info
India 🇮🇳 still has room for everyone. It can learn from western economies and newly developed eastern economies. It really can learn “what not to do” if it’s not possible to achieve a higher growth rate compared to china. A long term strong services economy is not a bad thing for a country like India. It can literally export labour and skilled manpower to every corner of the world.
what most people outside india dont understand is that indians never saw economy as the highest goal, but as a tool for well-being. Its not understandable for people in the west, but indians are kinda proud of doing everything their own way, even if it takes longer. Extreme poverty is getting better every year and there are fewer people every year who cannot eat properly. The important things are that people can eat and that they can learn, economy isnt the most important thing for India.
where is the list ??
Fun fact, Invideo AI is an Indian startup 😁🇮🇳🇮🇳
"For some reason" ... dude you answered the question. We ALL KNOW the reason. Remember that part about a drop in quality?
I was expecting a bit more analysis on infra investments, GDP figures, policies etc.
As an Indian, the biggest issue we face is of 'unskilled labourers'. These people have no education, no skills, are just passing the time scrolling through reels and have no ambition in life because government is providing cheap food or shelter to them.
You forgot to mention that women being mothers in India is why its population growth has steadily increased whereas countries which have women working find it harder to have children or as many e.g. China and Japan. I would say that over long term, that is a strength to have steady organic growth than a 100% increase for a short term in the workforce because say washing machines are now being utilised and then face an ageing population because the working womens culture now means less children are being raised.
Yes, i think we don't need to lower the fertility rate if we are going to face the same problems that Japan is facing.
Educated jobs are getting saturated in India. And Brain Drain is not much an issue
Graduate educated unemployment is more than uneducated unemployment.
Education doesn't produce a wealthy country. All Western countries became wealthy before they became educated. It means you have to be productive, not educated.
@@marcv2648 yeh by stealing lol
@@photosthamara8689 Wrong. Productivity is what produces wealth. Tell me what was stolen that made anyone rich.
That thumbnail is just so, so wrong. I say this as someone who has spent a lot of time living and working in India. The problem is this channel has such a narrow idea of what makes a country 'developed' or 'powerful', which is largely down to money and forgets about everything else. North India is undoubtedly wealthier - you've got the manufacturing hubs in places like Gujarat and immense agriculture in places like Punjab. However, South India, the area you've stuck a big red blob on labelled 'poverty' is far more progressive in other ways. South Indians are typically much better educated (there's a reason Bangalore has become India's major IT hub), which filters into a lot of positivity in other areas. Among other things, it's much better to be a woman in Kerala than it is in Uttar Pradesh. South India is more rural and less modernised in many respects, but to dismiss all that as 'poverty' is extremely narrow minded.
Saying south India is more rural is just wrong though. North India is more rural. Just look at the share of urban population in the south.
I will make it easier - nobody actually gives a flying fck about India. PS: "There's a reason Bangalore has become India's major IT hub 🤓" geez bro... Bangalore doesn't even compare to a normal Chinese city. You think the world is looking at India ? Nah bro. The media has conditioned you to think that way. Indians like to boast a lot but do not have any hygiene, civic sense to begin with. You didn't even have the common sense to understand that it was a thumbnail. Getting offended at each and every little thing.
You spoke about the lack of state-funded investment in infrastructure. It’s a huge limiting factor for India. Infrastructure in Bangalore, which has become a major global outsourcing area, has primarily been privately funded.
The long standing caste structure of its society (despite denials from Modi and the BJP) has a strong cultural bias against community investment. Their basic sanitary, transportation and communication networks and infrastructure suck for the most part. Yes, they have made improvement in public education in some areas, but vast gaps in education still remain. And it’s unlikely to change much over the next generation.
It’s my believe that deep-seated caste bias and the economic liabilities associated with that will constrain growth in India. Yes, it may continue to grow amongst the fastest anywhere in the world for a while, but it simply will never match China’s prior growth curve or success
1:00 I feel like the right stat on that chart is far more meaningful. Doctors are by nature a per capita profession.
0:12 You had shown wrong Indian map
Kashmir including POK is an integral part of India🇮🇳
Thank you for this vid
Next economic power INDIA,
thats what I'm hearing for the last 20 years 🫠
India was in fragile five at 2014, now it is in top five.
India is literally one of the perfect countries for growth in the 2020s-30s
India is potential country. Always if or when but never is. at least for now.
The line you drew is wrong
You put rich South states Karnataka,Telangana,.Kerala tamilnadu in poor side!!!
rich?
I was looking for this comment lol
@@thebrokenconcept4526 relative to East and some northern states not Western Europe (Lol)!!helloo.This is comparing with in INDIA.
These comment section will be wild
do not redeem sir
Yes. Let more people know that India is just a failed sh8hole.
why did you reedeeem it saar? You did not have to redeem it!!
Here in the USA were trying to cut back on immigration from India.
too little too late, it must be accompanied by mass deportations
look at the state of Canada now and take lessons from it
Bro usa is taking Indian skilled people with masters and phd degree if all indian leave usa your economy will collapse all ceo of your top companies are also indian 😂
@@Aashishrawat if Indians were really as smart as you try and portray them, then why is India so poor. My one state of California has a larger GDP than all of India and our population is less than 39 million. Yes, we import the best and brightest of India and to be honest a lot of them aren’t worth the trouble and people are getting wise to that. The best of India is mostly mediocre in this country with a few exceptions. Btw most CEO, and doctors in this country are white, not Indian. India is like the mouse that thought it was an elephant, but so long as they submit to the UK in the commonwealth, then none will respect it.
@@vaibhavbasu4992 they are the best for Indian standards, but far from the best by American standards.
@@lalodaniels1388 They are quite literally the best by American standards, Indians are the highest earning ethnicity in the USA and most probably even the richest. Most top companies are spearheaded by Indians and highly skilled sectors have huge percentages of Indians in them. Stop coping mate.
Mother India provides for her people without any expectations in return. Many times to her own detriment. The only country and civilization not built on profit and exploitation of slave labor. Those who leave should remember the values they learnt in this great society.
0:14 take correct maps of bharat 🇮🇳
0:18 right one 👍
India is so interesting and its size is really mindboggling
India's one state called Uttar Pradesh has more population than entire Europe. But do you know why India, China, Indonesia have so much population? It's because these countries have the most fertile plains on the planet due to which the population boost happened way earlier. In fact India's relative population today is quite low compared to like 1000 years ago.
India is its own mini world. We have the tallest mountains, hottest deserts, beaches, and what not. India has more than a 1000 different languages so much so that if you travel 20 kms the accent or language itself would change. We have one of the oldest culture as well.
I encourage you to please visit my country if you ever get the chance.
@@mohakjain5802 ek baar mere pass enough paisa hone ke baad mai poora Bharat ghoomunga 😊
@@mohakjain5802 I really want to visit India but I wouldnt know where to start. Where would you recommend?
@@aroto Depends on what you want to see? If you wanna see ancient Indian architecture and UNESCO sites the best places to visit are Delhi, Agra (City in which Taj Mahal) is located and my City Jaipur which is famous for tourism.
If you wanna see nature go to Kerala also known as Gods own country. Just search some pictures of Kerala places to visit and you will see what I am talking about. If you want to see beaches then go to Goa, If you wanna see the modern India then you can go to Gurgaon or Noida or Bangalore (also known as Silicone valley of Asia) If you wanna see Switzerland but in 10 times cheaper cost then you can go to Kashmir. If you wanna see Deserts then you can go to Jaisalmer.
@@mohakjain5802 thank you, i want to travel to india soon so i will actually use your advice. For me, either nature of beaches :) Thank you for taking the time
No, The problem is Narcissistic religious people are normal in India.
Am I the only person who thinks calling seamstresses UNSKILLED labour is so offensive? I guess I understood what you meant to say , but the wording is still quite disrespectful in my opinion. I’d call it exploitation, not lack of skill …
Unskilled Labour is a common phrase in the English speaking world
In the first to the lack of a technical or stem degree required to enter the field. Moreover wow high level seamstresses can make patterns that no machine can dream of The majority of what they do can be replicated by low skills labors hitting buttons. As an American I would classify that as unskilled labor however it's incredibly talented work. Not mutually exclusive descriptives
Truth hurts
If it doesn't require an advanced degree, it's considered "unskilled" in government statistics. You can argue with that designation, but Economics Explained is using the term as it is generally understood.
your ability to keep things interesting never ceases to amaze me!
Culture determines everything
No update to India's ranking in the leader board?
Ssshhh ur questioning the propaganda bro😂
It's still the same lol. And it'll remain same. India is lagging too much. This country focus on religion nonsense 😂 too much. Indian state should declare atheism as their religion. Religion= cancer.
And to mention every asian country mogs India. India is only comparable to sub Saharan Africa 🤣🤣
Please stop comparing China and India. Both are unique and different political systems. India is not a centralised power like China. One simple road built needs thousands of pieces of legislation, including approval from the federal government, the state government, the district, and the village head. If that only happened, the opposition party would not politicise the issue left and right. Even among all that chaos, they doing their best. First, I thought India should follow Mao style politics and get rid of state-level politics, religions, state identity, and centralised language, but after seeing the diversity and uniquiness, there is something more important than prosperity, worth protecting. MOney is important; economic growth as well. But let do that India way, the democratic way. Say no to religious extremism from sanghis and Islamists. I have seen people who come from the same religions fight among themselves just because they have tiny theology and political differences in the Middle East. Imagine a country with thousands of religions, cultures, and languages. Yes, Indians bash each other, but when it comes to a nation, the union still remains strong even when there are outsiders and internal forces wanting to break it down. Even Pakistan, founded on a single religion, dying slowly, showing a terrible idea, found a country on a religious basis.
They're everywhere now.
Unfortunately
trying to cover whole world
The points about women’s participation in the labour force are somewhat undercut by the graph showing the participation rate skyrocketing in the last few years.
People are absolutely livid because of this video 😂😂😂
Women doing domestic work and staying home might give up short term economic benefits but vastly raises long term benefits as it promotes much higher fertility rates.
Yeah, most people don't realise whenever they bring up this point. Not only that the stagnation of wages.
I think personally the best way is that women mainly married one's should take on part time if they want to at all. This should help without major disadvantages
So, to sum up. Superpower by 2020 didn’t happen?
It never has.
"Superpower" also entails power projection across the globe. It would actually be nice if India *didn't* aim to dominate world affairs, and instead settled for economic growth and cultural influence.
if GDP increases at good rate it can super power by 2050, any country cannot be a super power over night
bro focus on urself instead of dreaming abt things that'll never happen
@@withervoid4966buying BYD, Apple or Xiaomi will not increase GDP, creating BYD, Facebook, Xiaomi or Apple will increase GDP.
Great insight EE , may i request a video on Central Asia countries
Any country sustaining the lives of billions of people year in year out is a great country in my books...lets give America 1.5billion people and let's see how they fair...India and China are the big brothers of planet Earth.
People tend to underestimate both the scale of population and what and how much it takes to sustain such a population.
Another thing to point out is strong traditions that keeps things more the ways they are, for example Indian farmers makes up a massive percentage of the population because their farms are mostly still small scale individual farms using small machineries or animals and hand work. The farmers groups have huge political power and actively oppose any attempt for large companies with capital to buy out the land to do industrial scale farming with fleets of large machinery and much less number of workers. Similarly, traditions like women not working, castes system limit who are allowed to have which jobs removes large percentage of potential workers from industries that are in high demand. That and lack of modern infrastructure like railways that was built since the British means they are capped in term on how much growth can scale up.
Is male chauvinism common there in India in modern day?
@@dannydaw59 depends. if you see rural india then yes it's garbage for women, they just don't realise it. but urban india is fine. still heavy room for improvement is there
Less women entering jobs is in-fact a big problem for India, a lot of this stems from the fact that women are more reluctant to leave for big cities where almost all of these jobs are and most of India's huge population still lives far from cities. While Government is doing its share, a lot more is to be done to ensure women safety and easy transportation in cities.
most of the indian women don't wanna do jobs in the first place. they want to get educated so that they can raise the price of kabin in marriage. you know it so don't pretend to ignore the truth.
One thing that the labor participation numbers don't show is that a lot of women in India do hard labor like construction or street cleaning, but they are not counted as actual workers, more like diy work in eastern countries. I've been in India and found it very strange, but it's apparently so ingrained in the culture that even ads on TV casually show it...
Fact: person commenting on India's economic but didnt research on the PERFECT MAP OF INDIA.
Why change it? The old title and thumb was perfect.
Every time I've seen outsourced India code we have to replace it because it doesn't work.
Dang 😭😭
finally white people doing some work
Telling lies has become the only coping mechanism for western people! Guess you guys just spend very little to no money on those outsourcing! You get what you pay for, even in china.
WRONG map of India used. shame
Fix the map of India. The entirety of Kashmir is an integral and inalienable part of India that is Bharat.
Good video but surprised their infamously hard to navigate local bureaucracies weren’t mentioned.
In the heart of every dawn, there lies a chance, For nations like ours to advance and enhance.
From Himalayan peaks to the Indian
Ocean's might,
India's spirit soars, a beacon of light.
With every sunrise, our dreams take
flight,
In the realm of progress, we find
our sight. The wheels of industry turn, steadfast and strong, belong.
In the dance of innovation, we all
The seeds of tomorrow in today's
soil we sow,
Nurturing aspirations, watching
them grow.
From silicon wafers to the stars
above,
India moves forward, powered by love.
In the fabric of time, each thread weaves a tale,
Of a country rising, determined to prevail.
Through trials and triumphs, our
journey's writ,
In the book of the future, India's chapter lit.
So let not your heart be troubled or torn, For in India's chest, a lion's
heart is born.
With courage and unity, we'll chart the course,
Harnessing our potential, an unstoppable force.
And though the world may shift, ebb, and sway,
India's progress is here to stay. For in every Indian's heart, it's clear to see, The dream of a nation, proud,
strong, and free.