EP 08 | Neelkanth Mishra Analyses India's Economy & Global Economy | Neelkanth Mishra Latest Podcast
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- Опубліковано 7 чер 2024
- Neelkanth Mishra Analyses India's Economy & Global Economy | Neelkanth Mishra Latest Podcast
In this episode, get an expert analysis of India's economy and the global economy with renowned economist Neelkanth Mishra, Chief Economist at Axis Bank & Head of Global Research at Axis Capital, EAC - PM. (Ex - Credit Suisse)
In this podcast, Neelkanth Mishra shares his latest insights and views on Indian and global economies. A must-listen for anyone interested in understanding how the dynamics of global geo-politics and financial trends work!
Neelkanth Mishra also talks about India's GDP Growth Story, india growth engine, the Indian stock market, financial education and the current employment landscape in India. Additionally, Neelkanth reveals what a day off is like for him and discusses his 'me-time' with his family.
#neelkanthmishra #neelkanthmishralatestinterview #indianeconomy #indiagdp #globaleconomy
Chapters:
00:00 - Introduction
01:50 - India in next 10 years
04:19 - India's position on global geo-politics
09:18 - Government encouraging India's entrepreneurial instincts
14:14 - India's GDP Growth Story
18:51 - State of Global Economies
26:37 - India's mean age 40 years.
30:56 - Indian Stock Market.. what's next?
35:30 - The Inflow conundrum
39:30 - The employment scene
44:06 - Interactions with the PM ( As Part of EAC)
45:36 - Career Journey
49:29 - Life on a Day-off
Follow Neelkanth Mishra Here:
Twitter: / neelkanthmishra
Instagram: / mishra.neelkanth
Facebook: / neelkanthmishra
LinkedIn: / neelkanth-mishra-46629b
About Santosh Sirur:
Santosh Sirur has over 20 years of experience in Private Banking and is currently based in Hong Kong. Additionally, he has served as an RJ with All India Radio for over 25 years. After completing his Masters Degree in Marketing Management from Jamnalal Bajaj Institute of Management Studies, he worked in various MNC Banks. With extensive experience as a trainer, Santosh has coached over 500 participants in Personality Development.
Santosh has recently ventured into UA-cam with 'The Sound of Money,' a show focused on business and personal finance. In addition to 'The Sound of Money,' Santosh hosts 'TalkWriteToday,' a podcast on soft skills, and 'Amchi Legends,' a community channel highlighting achievers. He also spearheads 'The Whizkids Quiz Show,' a quiz show tailored for children.
Connect With Me:
Twitter: / soundofmoney1
Instagram: / santosh.sirur.7
LinkedIn: / santosh-sirur-143bb223
Disclaimer:
The views, opinions, and statements expressed in the episodes of the shows hosted on the SOM Podcasts network are solely those of the individual participants, hosts, and guests, and do not necessarily reflect the official policy or position of SOM Podcasts or its management. SOM Podcasts does not endorse or assume responsibility for any content, claims, or representations made by the participants during the shows. This includes, but is not limited to, the accuracy, completeness, or reliability of any information provided. Any reliance you place on such information strictly at your own risk. SOM Podcasts is not liable for any direct, indirect, consequential, or incidental damages arising out of or in connection with the use or dissemination of the content featured in the shows. Listener discretion is advised.
Great Insights from Mr Neelkanth Mishra. Thanks for another great episode
Brilliant discussion and brilliant Mr. Neelakanth Misra 🙏. Unlike many others who want to show everything happening after 2014, he is very balanced and truthful.
Congratulations Santosh Sirur on another informative Episode of The Sound of Money featuring Neelkanth Mishra !
It's truly a privilege to have such a remarkable guest like Neelkanth Mishra who brings a wealth of knowledge and expertise to the discussion on GDP, Geo-Politics, Employment Landscape, and India's Decade.
Mr. Neelkanth's insights and analyses surely provides valuable information on both the Indian and global economies, offering a visionary outlook for India in the next decade. His expertise as the Chief Economist at Axis Bank and Member of the Economic Advisory Council to the Prime Minister(EAC-PM) makes this episode a must-watch for anyone interested in economic trends and forecasts.
This episode gains a deeper understanding of crucial factors like the 'mean age 40', Indian stock market trends, and the employment scene. Thank you Santosh for bringing such informative content to all of us and showcasing the expertise of Mr. Neelkanth Mishra.
Economists can't wishy-wash away the line "US debt is unsustainable". What does that really mean? Why is it unsustainable and how do you define it so?
Absolutely captivating insights from Neelkanth Mishra on the current state of India's economy and its interconnectedness with the global economic landscape. Mishra's analysis is thorough and offers valuable perspectives for anyone interested in understanding the complexities of today's economic environment. A must-watch for policymakers, investors, and anyone seeking a deeper understanding of economic trends. Kudos to the Sound Of Money team for bringing such informative content to the forefront! #EconomicAnalysis #IndiaEconomy #GlobalEconomy #NeelkanthMishra #Podcast #Insights #Investing #PolicyMaking #Soundofmoney
Wow, what an insightful listen! Neelkanth Mishra really dives deep into the intricacies of India's economy and its global impact in this episode. I particularly appreciated his nuanced analysis and clear explanations, making complex economic concepts easy to grasp. Definitely a must-listen for anyone interested in understanding the economic landscape. Can't wait for the next episode
Too good. Really loved the clarity and precise answers backed by numbers.
An interesting episode 👏
Sound of money partcularly large gold coins are very sweet and brings peace to your mind. If not I am sure you are suffering from severe tooth ache.
SUMMARY:
Nilkanth Mishra discusses India's economic trajectory, challenges, and potential for growth with Santos Shiru on The Sound of Money podcast.
IDEAS:
- Geopolitics can enable access to capital and technology but a large part of India's growth has to come from internal factors
- Robust earnings growth and positive earnings revisions are supporting the Indian stock market
- Price to earnings multiples in India may come down as global cost of capital rises
- India's rural-urban divide has significantly narrowed with improvements in infrastructure, amenities and job opportunities in rural areas
- India needs to get rich before it gets old, aiming to sustain 7%+ growth for the next 30 years
- The boundary between urban and rural is blurring with "in-situ urbanization" as villages grow into cohesive economic units
- India's total factor productivity growth is strong as the state takes a backseat allowing private enterprise to flourish
- India's informal economy, comprising 45% of GDP, is hard to measure and estimate accurately
- India is at risk of China exporting deflation and competitive threats from excess manufacturing capacity
- Real estate is a major driver of demand and economic growth in a subcontinental sized economy like India
QUOTES:
- "The direction of causality is from strong economy to strong geopolitics and uh it is very rarely is it the reverse"
- "If the export growth comes in for goods and services acceleration happens and the domestic Capital formation cycle accelerates we can do an 8 8 and a half% as well"
- "The US has not done that so they are having 8% plus fiscal deficit with 3.7% unemployment so as the economy slows in the absence of you know continuous expansion in fiscal deficit I think the debt to GDP can go up even more"
- "It has been found that countries that cross 40 before turning Rich never turn Rich"
- "The boundary line between in fact one of the urban consultant or consultants and urbanization uh was calculating that if you drew a circle of 60 kilm radius around most Urban townships in India which is you know one hour on a motorcycle yeah uh you did be 70% of India's population"
FACTS:
- India is 17% of the global population
- In the December quarter, the EBIT growth for BSE 200 companies was 20%
- Japan has about $11 trillion of foreign assets and $7.5 trillion of foreign liabilities
- 70-80% of incremental manufacturing capital expenditure in India happened in rural areas in 2012
- 40-45% of global consulting jobs are in India
- 45% of India's economy is informal and hard to measure
- China currently has manufacturing capacity of 50 million cars; their domestic demand is 28 million and global demand is about 85 million
REFERENCES:
- Open Network for Digital Commerce (ONDC)
- Account Aggregator model, also called the SahiTY model
- JP Morgan Emerging Markets Bond Index
- IIT Kanpur, ranked 4th among IITs, where the guest studied
RECOMMENDATIONS:
- India should prioritize domestic oriented reforms to ease logistical constraints, price energy efficiently, manage urban sprawl
- Create pools of risk capital to invest in renewables, energy storage, machinery, robotics
- Ease ability of financial system to provide small ticket loans to entrepreneurs at scale
- Aspire to get rich before the population gets old; sustain 7%+ growth for the next 30 years
- Expand hotel capacity as domestic travel demand grows and makes travel within India expensive
- Develop global-scale Indian manufacturing brands, leveraging expertise gained from being part of MNC supply chains
- Make the state take a backseat and allow private enterprise to flourish, as that drives total factor productivity growth
- Bring more women into the workforce by providing access to LPG, piped water, toilets to free up their time
- Invest in construction and real estate across the country to generate broad-based job opportunities
- Focus on "in-situ urbanization" by connecting villages and helping them grow into cohesive economic units