India is moving beyond call centers and IT support - but can it work?
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- Опубліковано 1 січ 2024
- For years, multinational companies have set up labor-intensive operations in India involving services such as IT support, call centers or mobile app development.
Despite being one of the fastest-growing economies in the world, India's position in the global value chain remained weak.
Global value chains are activities that often involve multiple countries across several regions. Many everyday products, such as cars and smartphones, involve global value chains, from their design and sourcing of raw materials to assembly and distribution.
Today, nearly 70% of international trade involves global value chains. However, India's position in the global value chain is shifting due to government incentives and a digitally savvy economy.
Adit Jain, the founder of IMA India, a market research firm, said: "When we look at global value chains, two and a half decades ago, all of it [in India] was focused on shared services, back-office accounting, grunge work that could be cheaply done because we have a large, skilled, educated population.
"But then, slowly, businesses started realizing that, hang on, we can actually do a lot more; we can set up high-end research and development."
According to a joint survey conducted in 2022 by EY and the Confederation of Indian Industry, more than 70% of multinational corporations plan to invest in the country in the next 3-5 years.
Rajat Dhawan, a managing partner at global consulting firm McKinsey, said: "By our estimate, many of the Fortune 500 companies have 50% to 60% of their global engineering and [research and development] work, they're getting it done in India."
Tech giants like Amazon and Microsoft have poured billions of dollars into data centers, while other companies like Verizon, Nokia, and Cisco are doubling down on India.
Dave West, Cisco's APAC president, says that the ease of doing business in India has improved over the company's 28-year history in the country.
"We're looking at countries that will help us scale up and deliver services for the market. At some point in calendar year '24, you will see Cisco manufacture in southern India," West said.
"We're going to be manufacturing our best in class, routers and switches."
According to West, Cisco aims to yield a billion dollars out of this investment in the Indian market.
"We're manufacturing in India, not for India, because it will satisfy the domestic market, but it's also satisfying and delivering capabilities and services from India to the rest of the world," West added.
Watch the video to find out more businesses are investing in India.
#CNBC #India #Investments
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The development I saw in India in the last 10 years is just insane!
Still India looks like it just started ... Insane what it can do in the next century
Great people make places Great
@@Horizon429
first learn geography and history. Population didn't spawn in last 100 years. Population is there since thousands of years, India has more population than entire europe and North America 2000 years ago. India has vast plains, fertile soil, and supportive ghats of mountains all around.
Second thing is, scam calls can happen across the world. Bangladesh, pakistan, Maldives, whole middle East incl most popular UAE. It's due to some 0.0001% of people. Don't blame entire country and 99.999% of them.
India has huge forests, huge lands, India can hold 3billion more people in. You need some braincells/visit India.
If we don't control our population and poverty there's nothing to brag about
@@dudeimstoned5141you're wrong. We don't have enough resources for our population. Food schools , toilets, healthcare and basic amenities are inaccessible for 70 pc
@@goddessvibes08it is inaccessible because there are plenty of people who still live in rural areas. Its not the mistake of govt , people themselves are also laid back and do not want to move out of their comfort zone.
India can't become superpower without Mass Manufacturing ⚙️ ⚒️.
India needs large scale industrial output.
True
As a Brahmin 1st India Need Caste Census...
ताकि हम हिन्दू,मुस्लिम, सिख, ईसाई एक होकर हमारे देश को Grow करे 😢😢
@Aary482 at current position I don't think this does exist at all ...
@@user-lb6hf1ys3d Bhut jyada jaruri hai Taki Hm Sach main Grow kar sake..
Keval 1% log 50% income sambhlte hai is desh main...
If reservation will finish in India then people will do mass religion change.. No one wanna be live life in lower caste, people are doing so now just because government reservation and caste based facilities@@mrkeshav736
Development in the last 10 years was extreme. We went from cycles to cars and cybercafe to unlimited calls and internet.
It took me 4 hr to cover the same distance (by bus) that I do in 15 mins by road now. Because of improved roads and reduced traffic.
Edit:- I understand that only around 5% people in India earn above 60k per month. And there is still poverty. But overall growth is evident. Internet plays a very big part in development. It's easy for people to gain knowledge now.
Also, I'm from uttarakhand and it has low poverty and a high car ownership percentage (10%). We have to travel long distances so cars and two wheelers become a necessity. We don't see that slum level poverty in uttrakhand. I have been to Delhi and UP and I know those states still have extreme poverty. At least even poor people in uttrakhand have nice homes.
Car starts at a cost of around 3 lakh. If you save money, or take a loan, you can get it.
Cars are not always better than cycling though. They are inefficient and worse for the environment. Look how a developed country like The Netherlands built its infra around cycling.
@@spidermonkey8430 Netherlands never gone to that phase without crossing this phase. Everyone needs to go through that. We are developing ok. They are doing it doesn't mean we need to do. Even china gone through this phase and process. No one gone to that phase directly.
Yet the poorest are still in the same place, the country's so called success is forgetting their rights and presence, it's too easy to say there's progress when so many people are just being ignored.
@@spidermonkey8430Netherlands is a tiny country, it’s hardly equivalent to one state of India. You can’t compare both countries.
Bhai phenkne ki hads hoti hai 😂
Never saw this much optimism on India before❤.
Yep me too but now very positive about India’s growth story 👌🇮🇳🤞👍
optimism and reality are two different things. The country has been optimistic for the last 80 years 😂😂
@@Auror2k05 No one said they are same things and we are optimistic from 1991 not for last 80 years.
@@Auror2k05 Average GATE aspirant mind set.
@@Auror2k05 apply burnol then?
North Indian states like Uttar Pradesh and Bihar need to adapt and implement manufacturing friendly policies so that mega factories could be setup in UP, Bihar. Not just Gujarat, TN, Karnataka and Maharashtra.
For real UP and Bihar has tons of human resources
Up is already no2 gdp in India... Land fertility will not allow farmers to sell away there lands to industries m
i heard somewhere that up is not a farming land which makes it perfect for a industrial area is that true?
@@riteshvizz9786
Bihar 😂😂😂
@@--MelonMusk Bihar has human resources bro
What was Bangalore before IT revolution? It was India's aerospace hub. Satellites, fighter jets, helicopters and aero-structures used to be (they still are) made in Bangalore. The problem is, nobody talks about India's industrial prowess. We are a major industrial power and we will keep growing.
Yes. Also machine tools (HMT), telephonic communication systems (ITI), Heavy electricals and electronics (BHEL, BEL) and earth mowing equipment (BEML). beauracracy and lack of vision in the leadership bundled with lethargy infused with corruption destroyed all these Navaratna enterprises.
In that sense, Bangalore's prowess only seems to have gone down over time, reducing to only the software services industry for the most part.
@@vinaysurendran3338 Nope. BEML is still going strong, HMT is still making CNC machine tools for big companies and HAL is still functioning in Bangalore. Have you seen the diesel-electric dump trucks and metro rail systems made by BEML? They are state-of-the-art.
@@protograde2723 Yes. I used to live quite close to the HAL and BEML campuses for almost a decade until recently. Being a flight enthusiast and having trained myself in paragliding lessons for quite some time, I was quite close to HAL and its operations by way of many acquaintances from the company. HAL is doing some work, Yes. But the workmanship is quite poor especially considering aviation industry standards and equivalent offerings by similar companies from across the globe. This is a characteristic of nearly all Indian companies where workmanship is not close to anything of an international standard. All that I ask of from my fellow countrymen is to step up their game and operate with some integrity and honesty in every area of their work no matter how small. 🙏 Only then would we ever get anywhere close to being a global superpower.
@@protograde2723 "metro rail systems made by BEML" -- well the technology partner for BEML for Namma Metro's coaches was Hyundai's Rotem
India defence export needs to grow much further .
Growing every year
@@Rudraiyayour imports are rising even faster… hence record trade deficits
@@Kevin-fq3zh that is because india imports a lot of energy, coal/oil etc. Since india is growing, import of energy is also increasing. Look at china's import bill.
Export what ? Cow dung bombs? 😂
@@Kevin-fq3zh look at the currency exchange, never been so bad
India has the capability and will to become one of the largest economies, focusing on quality infrastructure, health, and education. However, we need to ensure that growth and development do not remain confined to a few places only, the whole of India must benefit from it.
Rightly said.
In fact, growth will move away from tier 1 to tier 2/3 cities after de-dollarization by 2025
The way Up is investing in their infrastructure it will boom it's economy in next 5 years at present Uttar Pradesh holds 2nd rank in terms of GDP beating Tamil Nadu 4 expressway are in working conditions purvanchal expressway, Lucknow Agra expressway, Noida expressway bundelkhand expressway ganga expressway is under construction Lucknow metro is running kanpur metro is under development process jewar airport creating greater Noida biggest industrial cities next decade is ours India will lead next decade
@@indianmilitaryIndia isn’t going to de-couple itself from the USD they will stay neutral. If they did they would lose many jobs that comes from doing trade with the US and the west.
Not yet maybe but the dollar's monopoly will end in the future and i dont think India will be only country to do something like this @@dennisp8520
They can make video without "slum cry" too.
That video is perfect example of it. ..
CNBC is always the same typical American supremacy channel which cannot show India without those pathetic buses of Kolkata but ofcourse how will they not insult us even if they're praising India
Quite late to ask this question when 60% of worlds GCCs(global captive centers) are located in India employing nearly 3-4 million workers.
Global Capability Centers. Not Captive.
...yes, what about work conditions, you want to talk about that ?!! Numbers okay, quality when??
@@sebraaap that is absolutely great ... It's working for th MNC after all
they are not working in sweatshops but in office spaces
@@sebraaap
@@sebraaapmuch better work conditions
Indian economy doubled it's size from past 10 years since the current nationalist ruling party BJP and Modi govt came into power since 2014. The opposition Congress party is pro left liberal their socialist policies and havey corruption is the reason India missed the globalisation boat in the 80s
And sliced indian rupees value by half 😅
@@sebraaap If Congress was not leftist socialist they could have industrialised India way before. But mismanagement and corruption was the result of their 60 year rule. After the fall of soviet union India was forced to open it's economy by USA. But Indian economy really kick started after Modi came to power. He eradicated many socialist policies and rigid laws which were making investments almost impossible in India. He visited many foreign nations and attracted many FDIs in India. Built better infrastructure like roads, bridges, railway etc. I think if Modi remained in power for another 10 years Indian economy will touch 10 trillion mark. I am voting for Modi and BJP in 2024 for India 🇮🇳
@@sebraaapand still doubled its gdp in the dollar term. If you see it in rupees it's tripled in a decade.
Bro @@sebraaap, do a comprehensive study before commenting with half baked knowledge.
Same size more or less the entire assets have been devalued massively which was the opposite of US dollar because those countries will be expected to pay more for dollar reserves.. Until China rose and shaked the game. If you haven't noticed.. just like Trump rose and shaked up the Establishment.
India can definitely move up the value chain in IT. Taking interviews in last 5 years i feel quality of fresher engineers has dramatically improved in india.
@@jithinMumbai mera be interview lelo bhai, hard times with the layoffs 😭😭
any software India has created? any programming languages, browsers, applications ?frameworks? any popular music softwares, tools? video editing software or any popular games? I always hear China is known for it's hardware and India is the software giant. what am I missing?
@@fuzzywuzzy0549 Finacle, Flipkart, Swiggy, Zomato, Ola, Paytm, makemytrip, Postman and many more. You can google search them to know more.
But the most important one that has revolutionised India's payment mechanism is UPI which is a mobile-first payment system developed in India by the National Payments Corporation of India (NPCI) in 2016 that makes it easy to send and receive money by just scanning a QR code or using a user's phone number. Its is yet to be adopted by many developed countries.
@@fuzzywuzzy0549 Finacle, Flipkart, Swiggy, Zomato, Ola, Paytm, makemytrip, Postman and many more. You can google search them to know more.
But the most important one that has revolutionised India's payment mechanism is UPI which is a mobile-first payment system developed in India by the National Payments Corporation of India (NPCI) in 2016 that makes it easy to send and receive money by just scanning a QR code or using a user's phone number. Its is yet to be adopted by many developed countries.
@@fuzzywuzzy0549 Finacle, Flipkart, Swiggy, Zomato, Ola, Paytm, makemytrip, Postman and many more. You can google search them to know more.
But the most important one that has revolutionised India's payment mechanism is UPI which is a mobile-first payment system developed in India by the National Payments Corporation of India (NPCI) in 2016 that makes it easy to send and receive money by just scanning a QR code or using a user's phone number.
1:18 यह अधूरा Map दिखाते है तो मन main बहुत दुख होता है...😢😢
काश हम हमारा भारत का Map पूरा देख पाए
Bilkul sahi kaha.
😂👍🏻
Hoga ek din
There will be at least One dodo in the chat Who doesnt understand geopolitics
Lately India has become more receptive to all cultures from across the world except for Muslims which I support. This will help India become a more sustainable economy as fresh ideas will always be flowing into different sectors of their economy.
PM Modi is writing history for India. From being the 10th largest economy in 2014 when he took over to now the 5th and aiming for the 3rd position by 2027 that too during such troubling times is not less than a miracle. From fragile five to the world’s fastest growing economy💪 All hails to the boss…MODI.
2024 Namo again 🚩🇮🇳
Trolls just make everything worse
Some KHAN GRACE PARTY faltu liquor admi party supporters will not digest this truth 😂😂😂
India's gdp per capita is 8,400$.. china's is 21,482.. USA is 76,329$
Due to population difference merely comparing economy size is misleading.
Look at per capita statistics and India is still very far behind.
@@dotdash8327 maybe use your little brain and learn about how per capita is calculated. When GDP as a whole grows per capita will automatically grow. China,s per capita is so high because it is a 17 20 trillion dollar economy.
The thing that will drag India behind is the policies of different parties they want India to grow in. In some cases, opposition strongly disagrees on current economic growth model. No one can guarantee one scheme will continue after a change of government.
True. We are a bureaucratic mess. All parties just want to score brownie points with limited focus on public issues.
Kannadigas r 🔥
absolutely , that's why its necessary to keep Congress out of the power for at least 2035
to be fair I don't expect government change in center for another 10 years
@@Bhsh- Not only they will decrease the capex, but for example, they will not take care of vande bharat trains from whoever the minister they set (they had people like lalu back then) to make modi's image bad. They will cancel the bullet train project and start free tickets and subsidies, start free food centres just like in Maharashtra this happened..
The most important thing for India is to keep congress out of power that is the single most important thing we need to do to become an economic power
We have succeeded doing that
We don't need to do anything for that. They themselves will take care of that...
They will 2000-5000 per month and call it nyaay
And stop development of India and start development of Congress party
I think it is important to have a balance of power in our democracy. If one party stays in power for too long, it may become complacent, corrupt or authoritarian. That is why I believe we should keep switching between BJP and Congress, or any other viable alternative, every four or five terms. Four years is not enough time to implement meaningful policies and reforms in a country as large and diverse as India. We need to give each party a fair chance to prove themselves, but also hold them accountable for their performance and promises.
@@_GMP_govt already does that
Stop rigging our map.
Disputed territories will stay disputed until India decides to implement certain UN resolutions.
It's not for india to decide Pakistanwas asked to step back first then india will be asked the same .they didn'tso we r at a standstill@@StoneFrog4455
@@StoneFrog4455 who are you to speak on this? It's better if you don't! *senseless spammer
UN is over. Riddled with corruption and lack of support from core members. @@StoneFrog4455
They did it as an outsider. We can’t force them to do if it’s a disputed territory.
World doesn’t work as per our emotions.
1:23 CORRECT MAP OF INDIA 🇮🇳🇮🇳 JAI HIND
Disputed territories will stay disputed and won't be included in maps assembled by anyone informed of UN standards.
1:19 map of INDIA shown in the video is wrong.Atleast dotted lines are expected for Pakistan occupied Kashmir and aksa chin
👍❤
The dotted line convention is a very Indian concept, internationally only the actual line of control is recognized.
@@rjbse J&k is ours
It can never change Beggaristan ain't getting dirt from there
India is development centre of all sectors now
By year 1989, when I joined, Robert Bosch had relocated design, development and product approval of full injection pump for all plants of bosch to Bangalore plant.
But sadly Manufacturing sector in India really went downhill in last 10 years.
@@utkarshtrivedi8870 It grew in last 10yr from where it was in 2012-13, also unlike how it was almost dead under INC due to protectionism, license raj, faulty & lengthy tax processing, too much loopholes for corruption that got stronghold at almost every stage of system, extreme socialism oriented policy suppressing private businesses, no much fdi inflow environment, generating no major economic contribution by common ppl into nation's economy but only promoting giving out most things in free fund that too with beneficiary rarely receiving all as most gone to corruption or came with worse services.
Can it work? Definitely!
I saw in a video that India is building high-speed freight-only railway lines.
That's just one example of the huge developments being done in India.
India will gain a HUGE amount of business from the companies leaving China and setting up shop in India.
Happy to see
After many years now the internationals media are finally showing the real side of india ❤
You mean the documentary about Modi that was banned?!! We've all seen it, except Indians!! We are aware of the truth and it's not a GDP ranking that will make it look better
Just the Business media
I live in the US - the rest of the media is anti-India - so much religious hate in this world and we are not in the Abrahamic fold
A Muslim gets a bad look in India it is reported as Religious hate and discrimination
Anything bad happening to a minority in India it must be Hindu hate even without knowing who the perpetrators are - and of course everything is blamed on Modi
He got blamed when the incident happened in Gujarat - because he was the Chief Minister there then
Now bad things are happening in Manipur but the Chief Minister is not blamed - they blame Modi
.
Here in the US you cannot eat dog or cat meat - meat that the Chinese and Koreans eat
In Muslim countries you cannot eat Pig meat
But when India banned the sale of cow meat - the western media threw a fit!
We committed a "crime"! Muslims have nothing to eat! Discrimination!
Article after article was all about how Muslims suffer because of this - no Hindu was allowed to speak
Even though plenty of HIndus were against this law - none were interviewed!
Plenty of Muslims like this law also but again they were not allowed to speak
The western media using this event to push hate and discrimination along religious lines
And these are respected western news media - like NY Times, Washington Post, BBC!
They ALL used it to push hate!
Amazing and frightening to see this
India's digital savviness is top class in the world. No country in other world has sophisticated tech like UPI. It has been the cornerstone of India's digital footprint with miles ahead than any other country. And its coz of leader is Modi, who deeply cares about the country
😂
@@Q_QQ_Q You can't do anything except laughing, can you. One would research about UPI, but not you, anyways why I am barking at the wrong tree
@@Q_QQ_Q, Pakistan has three major exports: 1) Retired Generals, 2) Terrorism, 3) Begging . They are the world’s superpower in these threes areas. Congratulations !
UPI is a payments layer which sits on top of the Aadhar Infrastructure. And UPI is a natural expansion and rebranding of the USSD based payments system launched in 2012 by NPCI ... In simple terms, it was to allow financial transactions using SMS tech but with security and was limited to pilot carries and bank accounts ... UPI was when the experiment was successful and expanded to all accounts and carries and that happended in 2016 after running the pilots for 4 years ... So if UPI is a success, credit should go to Mr. Manmohan Singh and the Aadhar team.
Is there a platform launched by Mr. Modi that future govts shall benefit from?
Not just UPI. We have Adhaar, Digi lock.. many other digitized services in the country and many of them offered by the Govt.
Great Job India, You have been working so hard to be a global think tank and you are successful. ❤❤❤❤
Yes, working very hard no doubt, they ranked no. 1 Scammer Country in the world according to Analytic Report 2023, and the biggest victim is USA. 😂😂
They are growing very rapidly. I think great leadership was all they ever needed
Wrong Map of India , Lol this is basic , hire someone better to do this simple job & dont someone cross check what is being put out there ? so much negligence from CNBC .
Where
its the un map pok and aksai chin are not controlled by india .
@@vaibhavshukla9288 Screw them , UN has become redundant, other two countries know , India won’t let an inch of lad rather Aksi chin and POK is claimed by India ……::Friends best advice is when you see these kind of news from BBC, CNN, NYT, Washington Post, Aljaziara …. Sit back and relax , they are all comedy channels just laugh it out ….
It is going to be Gen Z and Gen i with Indian Millennials as guides who are mainly going to make India developed in next 20-25 years. Let’s join hands guys and make our country 🇮🇳 the best in the world 🙌.
Only possible if Millennials, Gen Z and Gen i get off social media addiction and stop their degeneration into unchaste western values. When was the last time you saw urban Indian girls dress in decent feminine clothing without absurd makeup, hair coloring, male clothing and not desperate for male attention?
Dream on
Yes 🤗🤝🏻
@@dayeah765caoni3lmao facts 💀
Khan Grace party already gathered 24 parties to pull INDIAs leg to make INDIA beggars country
Way forward for India is through education. The manufacturing industries create a large number of rote manual jobs. With services, there is greater creativity and entrepreneurship. Along with PLI schemes, the Indian government should fund a competitive scheme to improve education in the country. A funding scheme to encourage the private sector to create new schools that will increase literacy and job related skills. High end job growth is coming, but there are not enough qualified people to take up these jobs.
what you are saying is true, but no country can have enough highly skilled service sector jobs requiring highly educated workers. Indian workforce is over a billion. high paying, highly educated service sector jobs can at most cover 1% of that.
You have to have a "Capital Markets" first Indian. Geez, you "Soviet Socialist" always put the "Cart" before the horse. When Karl Marx taught you that England was manufacturing it underwear and getting rich, what did you think they were really doing? The British was "product dumping" them into India, and Europe and in process destroying your Empires.
India will not do that. India is India. It is not a going to be an "Industrial Capitalist" proof of that India do not have any "Free Trade" agreement with any nation on earth! India has no oil pipelines, yes you want massive oil pipelines so that you can ramp up your manufacturing. Currently America has a "Free Trade agreements" with Morocco, Australia, Canada, Mexico, Chile, Japan, and Colombia. America is going build 9 oil and natural gas pipelines into Mexico alone to super charge the Mexican nation.
One word of caution Indian the more and more your nations economy grows you become heavily dependent on the Muslims oil of the Middle East. Should their be a massive "Energy Crisis" you will be forced to go to war and take the oil in the Middle East. "Oil" is the "Crack Cocaine", the "heroin" of nations, so be "Warned" now how much economic growth you want.....
I think it's other way round. Services may bring USD & may create job for that individual specific but manufacturing sector brings jobs to all & helps country lift from poverty & boosts economy. Right from patents to credit institutions, advertisements, law, transportations, manufacturing, IT support, designers, logistics everyone is employed. Its a chain of employment infact. India needs to target 4th Gen industries now. Manufacturing does not mean just low-end manual jobs. There is lot of Hi-Tech & state of the art machinery involved & also requires set of skills like any other job.Earilier Governments neglected this. but present government understands the void gaps & trying to corrct it by aatmanirbhar , skill India, mudra schemes. etc. Government is also trying to increase infrastructures for same. We are heading more towards US based economy model to larger extent of 1930-60's. We are at such stage that we have large labour force, able to manufacture & export at same time go for internal consuptions as well with population of 140 billon +
Thank you CNBC for this!
A fascinating insight into India. Well done
Indian talent is unmatched. The real value lies in human and India is rich with that.
NOT IF THE NICE ROCKING 🤘 DEPOPULATION BRIGADE WOULD HAVE ANYTHING TO SAY ABOUT IT!!! YUKKYUKKYUKKKYUKKYUKK😈😈😎😏😎 YOU GUY'S JUST WAIT! LOLS😆😂😂🤣🤣😂😂😂😂😆😆😂😂😂
Alas.. a lot of us are or will go out… there’s really very less appreciation of talent in India… being in the workforce that’s a very harsh reality everyone has to face. Not saying other countries are best at it but certainly significantly better at appreciating talent that where we are… if that happens… then yes… the Human Resource that India has can be tapped into for her benefit.
@@atharvasune432 India has poor asset management. Lets be optimistic.
@@ampan75 would love to be and I hope it works out…
@@atharvasune432 80 crores poor in India. Lot needed.
1:20 stamp you use wrong map of india , please correct it
❤️
No, it's the right map, recognized by virtually every country outside of India. Go cry about it.
this news journalists r so outdated 😂 they dont know that India is already major hub of doctors n engineers, highest producer of generic drugs and vaccines, no.1 in producing agricultural products, India's space technology, and missile tech is superb too. India's has reached mars, moon, etc. India was first country to land on south pole of the moon..
So true especially the European ones. Just because EU doesn't have many made in India products the EU thinks India is still backward. We export IT services and pharma products to the US and to other developing countries. The reason why EU is so difficult to crack as a market is because of EU farmers inability to deal with exports. Here in EU there are protests against farm exports from non EU regions. We don't need the EU market and EU standards for our development.
CNBC your journalist should wear international dress not islamic dress
If Modi repeats with full majority india will be third largest economy in next 5 years that for sure and also a global manufacturing hub given PLI schemes and push towards modern technologies.
India Gov needs to improve on infrastructure, health and education. If we can do well in those 3 pillars India WILL become a powerhouse and lift more people out of poverty.
21st Century Belongs To India 🇮🇳🇮🇳.
World will watch India reaching sky highs … we are thankful to Modi Ji 🙏
Build toilets
Loved the video and it's detailed information. ❤
We need to grow in every sector ❤❤
If india would be a stock then i would bet all of my money on india. Last 10 yrs was insane. This is my personal experience, my family went from slum to having 4 bhk in Vimannagar, Pune with no debt. Jay Bhavani! this is just beginning
wish u have more sucess in life
@@KaushikDe-xm9yf Thanks bro
@@sahilpatil3880 welcome bro
India also needs agricultural reforms. It's great to see that the share of agriculture in our gdp has shrunk, which means that other aspects of the economy are growing larger, taking up more space. However, India needs policy reforms to facilitate cultivation of cash crops, oil seeds, etc. Given environmental changes, it needs to assess whether it can import high input crops such as rice to meet its domestic demand and concentrate its existing recources elsewhere.
Agri is still important bro. Develop agri-manufacture and agri-service.
@@semangka4 This Agri Sector is the biggest hurdle in our growth it takes most input in capital and contributes least in our GDP in comparison to Manufacturing and Service sector
Kisan. andolan😂
Until and unless Indian Economy don't transition from Agri based to Industry based, we would never ever be able to produce as many jobs for our 1.4 billion population also the rate of growth would remain slow. Going into manufacturing mode would generate millions of jobs not only in this sector but would bring boom in Service sector which would further generate millions of Jobs. Then only we can think of competing with China, I hope Indian Govt. look into this matter seriously.
Please use correct map
The map or illustration you used for INDIA is incorrect PLEASE look into it.
Quality infrastructure, quality workforce and innovative government policy can make india grow like never before.
Bigger the challenge, bigger the satisfaction. Keep grinding my fellow Indians!! : )
We must keep current govt in power to this kind of fast oaced growth.... Congress will pull us down to stone ages
Wrong map of India has been shown, video should be restricted in India, or cnbc should blur/trim that part.
For Indians, Defence is a major priority (as it should be.) Along with manufacturing and logistics.
Very difficult to achieve in India. Lets see how Modi solves labour issues.
INDIAN Map is wrong🇮🇳🇮🇳 🇮🇳🇮🇳 correct it
Hyderabad (Telangana state) is world’s major hub for pharmaceutical industry. India’s 100% own covid vaccine was developed here. It is also India’s top defence manufacturing ( aerospace) hub, all this was before emerging as India’s IT hub (2nd in revenue). South state are relatively more developed , peaceful, politically progressive and disciplined. North need to catch up.
thats sorta incorrect, cities like jabalpur and gwalior can even give competition to Kochi or Kollam or Madurai. But one thing i liked in south is giving employment to many people, thats the way forward. South states have some sort of complex to think they are on par with South Korea when actually they have a gdp per capita lower than indonesia
@@atharvatar South states are finding North BiMaRu states like UP, MP and Bihar etc, we are happy you’re living on our money but we want north dates to develop. just “ religious fanaticism “ won’t give food, roads, electricity and roof.
we know how south states are developed as we live here as do millions of North Indians and Bengali migrants , All I am saying is north should reduce violence and increase literacy.
There is absolutely no doubt Bharat will be a leader in technology certainly by 2030....it will also be the 3rd largest economy by then and the wheel of change will be rotating even faster!!!
The indian manufacturing groth is largely attributed to screwdriver technology like assembling apple phones or back office support. Unless india gets into innovations and new technologies like AI,chip manufacturing, EVs it can't accelerate and gets into double digit groth.
assembling is first stepping stone for high end like china first did in 90. govt policy should be in focus for 20 yrs.
It need not be the case that we go through part assembly and very rudimentary industries. There is no need to follow the Chinese model either. The Indian population can take a different route almost at every level. I would suggest India also focus more on high value, low volume goods which bring in better revenue and the margins are high. Such products are needed in almost every industry. There are many MSMEs already in India who produce this category of products in industries like aerospace/aeronautics, surgical instruments,etc. So that means we are indeed capable of such production with the talent that we have despite the beauraucratic hiccups that have plagued our economy forever.
This is possible more so today, due to the availability of reasonably priced manufacturing tools like CNC machines, etc. which can ensure a high quality output at a great price for the end customer even at low production volumes. This should be the future for India.
China , japan , tawian , south korea all started with screwdriver tech ....
And now apple has started glass , lens and camera module too in india
Samsung already at 25% value addition in just last 3 yrs while in china its 35-40% over 30yrs ....
So yeah the screwdriver 🪛 is showing its magic once again......high end manufacturing gonna take u nowhere except top 10% workforces,....its the toys apparels , garments and other labor intensive fields that bring wealth to rest 90% population
Chip manufacturing actually does have risks. It is very competitive and part of a very fast cyclical process. Design is where the money is, but how many can it employ? Please feel free to correct me if I'm wrong.
India's IT services which comprises of software development, cloud computing, cybersecurity, and other tech-related solutions is double the size of BPO aka call center etc. However, the title will have to be - India is moving beyond call centers and IT support!!! You cannot just take it right, India should always be looked upon as an underdog... Do you even know history, that this the country that happened to the biggest/second biggest economy in the whole world until British arrived?!
Thanks for sharing the real pictures of our cities..
As an Indian, I would like to say we have not reached anywhere yet. There’s still a long way to go. China is the one that has reached to their goal so you guys should interview them
We just getting started.
You are simply unaware of India's phenomenal growth, Hrithik.
More power to India ❤
A very informative and beautifully explained video. A must watch.
The practices which should have been started by 1991 after the liberisation policy has started to grow in past 5-6 yrs which is already to late and would take up a lot of time now for more atleast 10-15 yrs or maybe 20 yrs for India to become a manufacturing hub.
2004 to 2014 time waste. Full of scams
The headline told us whst kind of reporters works in this channel😂😂
India’s IT talent is unmatched, after USA, India is 2nd country to host most number of MNC R&D bases . Even in silicon chip design India is 2nd in number.
Now, we need to catch up on high tech manufacturing.
India, as well as the People of South Asia, will greatly benefit from artificial intelligence technology...the key is to build a new model of economic growth that is sustainable, as well as incorporates a universal basic income, as the those who are currently leading the technological wave will have an extreme amount of wealth compared to those who do not have the opportunity to participate in this new industrial revolution economy...and this creates an environment that eventual leads to civil revolution...
Taking care of all, when you've made it, is the best way to nurture the next group of leaders...and it's common-sense governance, as it's better to take care of others, or they end up burning it down...both history / recent events have proven this time and time again...
-ER x
India should open more to world😊
India will be the next superpower and will surpass any other country. Simply look at the success of Indians in USA and Britain. Amazing!
Correct the Map atleast dotted lines for POK
its the un map
GCCs or global capability building centers is the new big thing among indian computer science students.
Its no longer IT support or software development.
We still lack infrastructure and integrated system to recognise where and which industry can be established..in north India Vindhya range lane available but no infrastructure and will of local government lacking for industry
Modi ji be like🪷:- Jalwa hai hamara. 😎
He is king bro
Modi garu is India's torch bearer 🙏
What is the cost of India's wage structure, compared with China, U.S.?
What is the PPP standards in China and US?
If a coffee cost is 5 dollars in USA, the same coffee in india costs 20 cents.
This figures only comes from PPP per capita and PPP economy
I still remember
During Childhood, There was a temple that I used to go to and it would take 5-6 hrs because the roads were 2 laned and sometimes in poor conditions.
Now since the roads are of high quality and mostly 4-6 lanes
That same travel (Which I rarely do nowadays) just takes 2 hrs (Even though roads are clear, I don't think driving faster than 80-90 is safe)
People should be surprised how Britains economy came down so much in just 75 years after leaving India . How they reduced the Indian economy from 24% to 2% in just 150 years
Show actual map of India with includes POK
Do India administrate pok?
Wrong Indian Map
It is working, the global economy shift is noticeable, because of smart governance.
@ 00:18 Yeah, nice visual of Howrah, West Bengal. A state well known for its declining industries and left policies. You surely have some local helping you put up this video!
India making tremendous progress under leadership of PM modiji...Lovely man.
Namaste world India is arrived to its golden age after centuries
We have miles to go 😅
@@msdolly6101981 atleast its amrut kaal is arrived , golden age is on board
While India is getting more opportunities in IT growth, please also look at banking support services moving to Philippines from India. This includes accounting and research work. What is driving this change?
Let’s talk about GCC’s Global Capability Center’s.. Today India is Hub for GCC’s. So no more it’s just back end work we Indians are playing major role in R&D .. Bangalore itself has global R&D Center’s for major Multinationals…
Get your map of India right first off.
Let's not forget TCS and Infosys' (Indian service based tech companies) contribution in fixing the Y2K bug 1990-2000
Context: Y2k is a computer programming flaw that could've caused widespread issues when the year changed from 1999 to 2000.
How? because only 2 digits were used to represent the years back then. ie; 1999 as 99 and 2000 as 00 which the computer would interpret as 1900.
This could've caused failure in power grids, banking systems, transportation networks and lose in economic stability.
We're in 2024..
@@sebraaap no harm in being nostalgic 🤣
Contribution in the Y2K bug or contribution in fixing that bug? You made it sound as if TCS and Infosys caused the bug.
@@pissupehelwan 🙌done
Infrastructure, PLI and startups should drive the growth. Hope we can grow our GDP before the demographic divident is gone. Hope more reforms will be pushed through also.
Let's hope Indian continue this growth in upcoming years!!
Certainly they’ve got potential there. I have no doubt of this
Yes, working very hard no doubt, they ranked no. 1 Scammer Country in the world according to Analytic Report 2023, and the biggest victim is USA. 😂😂
someone show this vid to Raghuram rajan why manufacturing is imp and how its growing in india
You think he doesn't know😅 he has his agenda.
@@msdolly6101981I know he knows but show to shut his mouth
INDIA IS GREAT STRONG SECULAR AND LARGEST DEMOCRACY IN THE GLOBAL WORLD BECAUSE INDIANS ARE SPECIALLY BLESSED TALENTED SMART HARDWORKING HUMBLE AND HONEST 🙏
Manufacturing is the way forward for India in longterm growth.
Where is Mumbai slums & Old Delhi market???
😂😂😂😂😂😂
😁
80% of CEOs of the world are Indian, We have reached moons South Pole the only country to do, yet in the eyes of a foreigner we are just backend tech
It means you were the worst in brain drain and human capital loss. After 77 years of independence, you don’t even have one esteemed research center and credible university run by any Indian languages. Dumping millennia-long linguistic heritage to embrace English from higher education and industry to judiciary, administration, domestic trade, and scholarship.
@@ashkanshekarchi7753 Using your analogy, there are home grown apps like Flipkart, Ola, Oyo, Swiggy. All of these have major shareholders from China, USA. Brain drain is a lost cause in a globalized world. Brain drain comes with a majority of advantages remittances, cultural diversity, knowledge sharing, skill enrichment
80%?
Can you name them all or at least 100 indian CEO's out of the hundreds of thousands of companies all over the world?
@@C.K.Walker pls count and see if they are 100 or more
I think people mock India now but after 15-20 years of motivated growth , India will become strong.
What next? Host in a full burqa?
India was never STUCK on call centers that it has to MOVE ON from call centers. Yes, in the 90s there was a boom in that sector. And yes, this is understandable from an American pov who think so because the only Indians they have ever talked to in India are call center employees. I just wamna say to Americans that there's always a world outside of America. We have done great strides in software and other sectors throughout the decades. Yet we see a condescending and bigoted title.
India is big talker but no action
lol fastest growing economy in the world is action
@@joeblodontchno5309India' s rank in Google hunger index is 111 out of 125 countries.
@@humpydumpy2432 You can't feed idle people
800 million Indians need subsidized food grains today but they are definitely going to be consumers of products from global companies very soon
a part which i disagree is lack of skill development. Mfg theme will only humans work as back office with any reasoning capabilities built to leverage the educational population strength. We equally need to focus on the services sector to add more value through innovations, design and new technologies to emerge within country. A skilled individual has high potential to draw business to india proportionally employing more workforce to carry such activities than a fixed set of workers in mfg theme. Mfg is more of a commodity where as services is more of innovations of skilled work. We need both and not ignore emphasis on skill development. We just dont need just robots who work in factories but also manpower who bring value to rest of the world.
India especially south India is growing at a fast pace but the Bimaru belt is the laggard of the state. India needs transparency on governance , better political and judicial support for multi nationals etc to lure them here. China gave Tesla free land and Ownership of land because of their technology. India is having that old soviet mindset which needs to be updated based on changing times. Less Issues on Cast creed or religion and more issues on growth and development.
So I suspect uttar pradesh (UP), Maharashtra, gujarat, odisha , Haryana , Madhya pradesh ,Rajasthan, Uttarakhand, etc are south indian states 😂😂😂. Also Kerala ,ap are not growing in so called south india .
Kerala and AP are not growing 😂😂 dont know from which universe are you and UP Uttarakhand Haryana are also in North they are also attracting many investments
Up surpassed your beloved Kerala. It has more GDP than Kerala. It is no 2
1:20 Use correct map of India. You should be careful to avoid such mistakes.