0:00:00 Intro 0:55:00 Nehru's intentions and major policies 1:37:00 Failings of the central planning model 1:52:39 Price control & dependence on foreign aid 2:01:57 Consequences of Nehru's policies - good and bad 2:13:54 How MSP (minimum support price) ruins market signals and harms the economy 2:29:10 Chinese protectionist policies during Nehru's time 2:31:00 (1966-1977) Darkest era in Indian economy under Indira 2:45:00 State violence & taxation 3:05:00 Seeds of Corruption being sown 3:18:00 Economic reasons for declaring Emergency 3:22:00 Deng Xaoping opens Chinese economy (Indian parallels) 3:38:00 India right before 1991 liberalisation (Will keep updating as I go along)
This video helped me sleep quicker and better. Everyday i pickup from where i left. Learned so much. Are these two looking at a paper and reading from that or they are just having a conversation. Insanely well read people these two are. Kudos
I have hardly ever commented on a youtube video but i am so glad that this morning i discovered this gem here. Phenomenal!! And i regularly listen to podcasts like the lex Fridman, triggernometry etc but this truly stands out! The sheer length of it and the details speakers have gone into makes it so insightful for someone who knows about Indian economy just from the generic conversations/news here and there.
Well I just finished the marathon. Longest podcast that I have ever listened too. It feels like thanking both of you would be too shallow. I would just say as a non economist this was phenomenal and lucky me that the algo gods brought me here.
*𝓣𝓲𝓶𝓮𝓼𝓽𝓪𝓶𝓹𝓼 𝓫𝔂 𝓘𝓷𝓽𝓮𝓵𝓵𝓮𝓬𝓽𝓒𝓸𝓻𝓷𝓮𝓻* 0:00:00 - Intro 0:55:00 - Nehru's intentions and major policies 1:37:00 - Failings of the central planning model 1:52:39 - Price control & dependence on foreign aid 2:01:57 - Consequences of Nehru's policies - good and bad 2:13:54 - How MSP (minimum support price) ruins market signals and harms the economy 2:29:10 - Chinese economic struggles under Mao Zedong (parallels with India) 2:31:00 - (1966-1977) Darkest era in Indian economy under Indira Gandhi 2:45:00 - State violence & taxation 3:05:00 - Seeds of Corruption being sown 3:18:00 - Economic reasons for declaring Emergency 3:22:00 - Deng Xiaoping opens the Chinese economy (Indian parallels) 3:38:00 - India right before 1991 liberalization 3:47:00 - Commercial Break 3:47:28 - The 1991 Reforms 4:20:46 - The Importance of the Narasimha Rao Government 4:44:43 - The 2004-2009 Boom Period 5:30:12 - The 2008 Financial Crisis and Its Impact on India 6:02:35 - The Policy Paralysis of the UPA II Government 6:39:16 - The Balance Sheet Crisis and Its Impact 7:20:58 - The Importance of a Pro-Market Mindset 7:47:00 - Commercial Break 7:47:28 - The Challenges of Measuring the Informal Sector 8:00:37 - The K-Shaped Economy: New India vs. Old India 8:29:38 - The Importance of Trade and the Dangers of Protectionism 8:45:25 - The Household Debt Crisis 9:00:43 - Dream Reforms for India 9:27:11 - Recommendations: Books and Resources 9:51:30 - The Importance of Hope and Action
Amit and Rajeswari, thank you for this labor of love! I want to commend you on the structure of this episode. Breaking it down into 4 eras and diving deep into each one of them was easy to follow. The camaraderie between the two of created excellent flow. As others have said, the clarity of thought is remarkable. Great work!
Very happy to complete the entire video..I am leaving with better understanding of Indian economy. Thanks to Amit and Rajeshwari.. respect to you both .
4:32:29 - I think this is where economists tend to get carried away with only prioritising what they can quantify. Judgements outside policies cannot be dispensed. Also, number of equity retail subscribers are not 90cr. It's less than 20% of that number. But overall, outstanding discussion. Thank you.
Add timestamp and also fire your growth team Such depth and clarity of thought, almost a masterclass Make short clips and do first 20 items on how to grow UA-cam
I am choking at this suggestion. Making short clips out of deep dives will satisfy neither the insight seekers, nor the dopamine-hitters. Some things are required to be savored, not gulped.
i have yet watched 2 and half hours of the video and i gotta have to say you both are genius ......i wanna watch all these videos but i realized that even if i watch 1 vedio per day , will take 1 year , but most probably this channel is like a open knowledge book , so helpful , do tell me how could i use this knowledge , i mean this seem some real asset for growing my personality and understanding in this field so do tell , how could i efficiently use this info for making a bed rock for me be a person who know reality of economics , such a fascinating subject...
FANTASTIC and such great insights. Everything comes together. Could you also please make such an episode on 200 years of US economic transformation & side commentary of how India can learn from different phases
They focused on research and education as their prime priority not just by selling weapons people say that America became rich because of selling weapons in WW2 but as of my thinking it cannot be done if a country couldn't focus on that particular thing.
10 hour long and that too on economics. This is going to beat my personal record of listening to KP Krishnan's 8hour podcast. Bring it on! And to think, that I ran away from the aural medium, in favor of the written one almost passionately, less than a year back!!! Oh how the times they change!
@@VikramSingh-vg7gv econ, policy, India' s experience of navigating through GFC when it had no priors to bank on, KPK 's experiences in Hubli-Dharwad. It was a rollicking experience. That was the second podcast I listened to, and it was enough for me to go beyond my comfort zone of reading.
@@VikramSingh-vg7gv been a more or less a regular listener now of TSATU, especially when it comes to econ topics. Do give Shruti Rajagopalan's podcast on Delimitation a listen too. Content aside - her enunciation is so crisp that it's an absolute pleasure to listen to. Her ideas and her voice cuts through a lot of noise.
Great content guys. We really need more voices in our country advocating for pragmatic policies and effective economic thinking. If I may add some constructive criticism, please make some changes to make your content more accessible and approachable. Simple changes like: - adding timestamps in long videos - properly formatting text in the descriptions for readability by including paragraph breaks and relevant links - adding some short clips to give bite-sized introductions to your content, etc. In short, thinking in terms of making life easier for your audience and subscribers will help in your growth in this free market for attention :-)
Regarding the sale of agricultural land...In urban planning there is a concept of zoning. It is very much needed for streamlined development, otherwise it will be quite chaotic. Most developed countries embrace zoning...
I read in a livemint article which cited Angus Maddison's time series on world GDP that CAGR for real GDP growth in India during Nehru was just 1.68%. And during pre independence time, between 1900 to 1947 was even worse was at 0.07%
Your video on 'Indian Economy' just came on my recommendation. At first I hesitated to click because of that 10 hours run time. Next I thought that in this time of reels, quality videos will take time. so I started exploring your channel. And I am mesmerized! You wrote in your about that you get 1% view from youtube! And that's very depressing bruh! Investing that much of time and... 💔 I promise, I will take out time and watch your long videos! 😄 Keep up the good work! Subscribed! ❤️
It is entirely a left-wing political podcast, it is very old tactics to preach the agenda behind the curtains of Economics, It is for so called Knowledge seekers lol , i had huge expectations with lol they failed me.
There are eerie similarities between the sub prime mortgage crisis in the US and the current unsecured personal loan crisis in India. It’s not hard to see it. Wonder why the financial markets system is ignoring it. We know the consequences. We have seen it in 2008.
True! 🇮🇳 Rules 🇮🇳 🇺🇲 Rules 🇺🇲 Jumping of Different nationalities in politics, while not belonging from that country! it Damages the country not the person, because the person who was born somewhere else, how can they feel that deep connection ? Or faithful enslavement is everything ? loving someone without any gold and glitters that's how it works. this Rule goes, same for the country too!
I apologise for the comment spam I'm just writing these as i listen along. In terms of cultural makeup i think singapore and india faced many of the same problems of nation building across the fault lines of cultural differences. And that Singapore handled well. Granted it had the benefit of not having much historical baggage, nations are based as much on what people jointly forget as on what they remember, and India has a lot more to forget.
There is reluctance by foreigners to invest in india = low levels of FDI, is plainly because they see the reluctance of Indian corporates to invest. If Indians don’t have confidence in the Indian government and economy, no amount of foreign visits by politicians will be persuasive.
The speculation about india's gdp growth slowdown contradicts satellite night lights imagery data over the last decade. Other factors like energy consumption, freight usage have also increased. Covid might have impacted growth but i believe from the above data we can assume its improving
Not sure education produces unemployed manpower. Many software firms have 3-6 month training programs to bridge the gap between academia and industry. Organizations like BARC have strong training schools that cultivate high-quality research talent. One may always say they are not doing great work etc., but they are one of the best available in the country. Some companies now expect fully-fledged professionals, which is unrealistic. It's impractical to invest heavily in specific technologies like Java or .NET without a broader educational foundation. A diverse education, encompassing both hardware and software, is crucial for employment. While graduates and students can be trained to meet specific firm requirements, companies also need to invest in their own training programs to develop their workforce.
I disagree heartilty with the fact that "socialist" is a bad word. Agreed that the implementation was flawed, but it gave a lot of security when it comes to welfare, pensions, nationalized rail and air. Agreed that capital and trade limitations put by socialist policies were disastrous, but the way we did market liberization was also flawed. Most of the fears of Nehru are now coming true with Adani and Ambani becoming monopolies. Foreign investments and businesses coming into the country without understanding the market, selling us products and services that people of India didn't want. Then the same companies buying up home grown successful businesses, example Coca Cola bought up so many desi businesses. Capitalism is great (for the opportunists), but it's an unforgiving beast if left unchecked. The state currently is working with monopolies and letting them run major sectors. Small businesses are not being encouraged. I am not going to count uncorn companies, as start ups are failing as they follow trends, are profit motivated and most of them cater to the upper middle class market. India needs large scale manufacturing capabilities, it does not seem like the large capitalists are interested in that. Skill India was a failure. Foreign investors only see India as a service sector country, not a manufacturing hub. Labor laws, labor safety, fair wages are all in existence even in the most capitalist countries like USA. India needs to respect its own workers, provide them the opportunities - the state can help in that, since the private sector isn't quite interested in training and using Indian labor, which would be possible through socialism, and with support and help of capitalists.
I remember what platform modi espoused in 2014. People have forgotten that his slogan was "Minimum Government maximum Governance". His entire platform was getting th government out of the business of business, deregulating, freeing the economy, globalization. This did not materialize and he completely pivoted, probably due to electoral considerations.
The NFHS data is also at odds with the GDP growth story of 2010s. If the economy is booming why is there a decline in height? Height tells us something about wealth and health.
Here's the thing: the system that's set up- the system we're all part of, the system we're hoping will "save" regions like ours- doesn't work. This system is set up to do one thing: funnel money to the West and their regional allies. That's the way it's designed, that's the way it was implemented post-WW2/colonialism, and that's how it is right now. When you try and implement it (ie- unrestricted, zero fucks given, hyper individualistic capitalism of the kind found in the US that is the wet dream of all economists) in countries like those in the subcontinent, all that happens is a mirroring of what goes on at the global scale: inequality. Because most of the wealth is siphoned off to the West and the tiny bit that remains is what India has to divide up within itself, naturally that leads to those at the top accumulating more and more. End result is what we see today. There's no path, no set of principles or policies to avoid this- that's just how this system is built. Sitting around talking about how to "make it work for us" outlines a fundamental lack of understanding amongst a lot of our English speaking types in the global South about what it is we're even talking about. We sit here and we look at the US where we're told everyone is far better off than us because everyone can buy an iPhone and go to Starbucks, completely ignorant or avoiding the deep, deep inequalities that exist there too. I already see people asking for lessons from US history- completely unaware of how pointless such things are. We didn't start where the west started from. We started with a massive uneducated population, having precarious economies that were narrow in scope and dependent on the colonial network to work, and that's the system we inherited post independence and that's the system that we're still mired in. What lessons is the US going to give ex-colonial countries? We can't afford to just say fuck it and doom millions to poverty and death so we can "move on" to a US-style system. Because that's the tradeoff here for countries like those on the subcontinent: it's all good talking about "painful decisions" when it's not you that's going to suffer. I've yet to hear anyone from the developing world that actually deals with this angle. Instead all we hear is how our own leaders failed to make us more like white folk.
One thing I am unable to understand here, all govt control things you mentioned here as bottleneck of developments like minimum wages, state intervention on every aspect/business, controlling the banking system etc is very much present in successfully developed EU countries. Take an example of Germany for that case where state presence and intervention is much more than it is in India today , then how they are developing not us?
There is significantly higher economic freedom in developed countries despite state presence in various areas..it's much easier to do business there, employ workers and innovate. And there is rule of law--the system works without bribes and connections. Developing countries like India work on deals and not rules because of the strong government presence in every aspect of economic life-so whoever can cut a deal gets ahead and this prevents the creation of a level playing field. On top of that there is the constant fear of raids and investigations by govt agencies--the environment is not friendly to the emergence of large firms. This doesn't happen in developed countries.
I disagree that silicone chip plants and PLI are bad ideas because they represent centralized governance. I think these things are needed to create organic decentralized growth. Given the importance of the electronics industry, these two things are almost akin to other primary central governments roles like education and defence etc.
You're saying be an independent thinker. What if i say that i independently think that one shouldn't be an independent thinker? We should probably be very careful before we trade in absolutes.
Phenomenal podcast! Agree on the diagnosis but disagree with the prescription! NDA despite all the shortcomings you've highlighted, remains the best bet for India. K shaped growth is indeed true but hopefully rural India turns the corner soon and the issue doesn't get perpetuated!
Would be interesting to do an EiE episode on the essential commodities act ;). The idea was to deal with market failure for a temporary period until the market corrects. For example during war shortages where hoarding is common. This intervention by government happens frequently for agri products. Unfortunately it is in the form of irrational orders. The government could intervene on the supply side but it is too lazy to do so despite having stocks in FCI. Sadly the orders seem to be permanent for some sectors - eg pharma, in a completely irrational manner.
It is some distance not,full distance....you pepole have no agenda only see wrong of Neheru,Indira...you have no knowledge of agriculture,no gain for looking past,you will be also one day in past,...
Everything that Nehru did not make sense at all. Nehru's ideology committed ideology came in between... His hate for word profit tells us all.... This idiot didn't have iota of idea how his is going to feed so many people and even make their life better without making some profit..... He was advised so many times but he did not budge from his committed ideology of socialism....!!! Not many people see this but he was dictator may be benevolent dictator here and there!!! He did what he thought was okay for India in fact after Patel's death he got more freedom to do whatever he liked!!! He was like Modi. Who do things as he likes and thinks what is good for India no one dare to speak up.
@@nvspraneeth901 any country allied with the USA at that time has grown well. Even neutral countries slightly in favour of English grew well. Only nehru with his twisted extreme ideology wasted India' potential even the share of indian GDP of the world was not growing at the half of its potential. License Raj my grandfather business suffered because of that. If we liberalised at that time now India will be a nation to look upon in the World. But it seems we have to wait for that time few more decades
@@Concentrateforfsake agree to some extent, licence Raj is a worst policy, I support full fledged capitalism myself, don't know if your grandfathers business would have survived foreign competition but still licence Raj was worst.. btw I doubt even in decades if we get what you are talking, it seems from now we will have riot wing govts and last 10 years have shown that they can't run a government could not even double the GDP with fudged numbers and calculation tricks introduced, manmohan almost tripled it. And worse, riot wing increase difference among people which is also detrimental for economic in the worst possible way.. so now think if we had riot ling govt back in 50s
0:00:00 Intro
0:55:00 Nehru's intentions and major policies
1:37:00 Failings of the central planning model
1:52:39 Price control & dependence on foreign aid
2:01:57 Consequences of Nehru's policies - good and bad
2:13:54 How MSP (minimum support price) ruins market signals and harms the economy
2:29:10 Chinese protectionist policies during Nehru's time
2:31:00 (1966-1977) Darkest era in Indian economy under Indira
2:45:00 State violence & taxation
3:05:00 Seeds of Corruption being sown
3:18:00 Economic reasons for declaring Emergency
3:22:00 Deng Xaoping opens Chinese economy (Indian parallels)
3:38:00 India right before 1991 liberalisation
(Will keep updating as I go along)
🙏
@@slowdown7276 🫡🫡🫡
you should be protected
Thank you!
Can't thank you enough. This is great.
Mom, just one more video before sleep.
The video:
😂
Bro is not sleeping tonight
Mom, I would rather not sleep..
@@Nobody-pv9jt😂
This video helped me sleep quicker and better. Everyday i pickup from where i left. Learned so much. Are these two looking at a paper and reading from that or they are just having a conversation. Insanely well read people these two are. Kudos
I have hardly ever commented on a youtube video but i am so glad that this morning i discovered this gem here. Phenomenal!!
And i regularly listen to podcasts like the lex Fridman, triggernometry etc but this truly stands out! The sheer length of it and the details speakers have gone into makes it so insightful for someone who knows about Indian economy just from the generic conversations/news here and there.
divorced ? discovered you mean or am I missing something
Oh my god. I am still at just 40 mins and jumping with excitement. Thanks to Manu Pillai's interview, I got to know about this gem of a podcast.
Well I just finished the marathon. Longest podcast that I have ever listened too. It feels like thanking both of you would be too shallow. I would just say as a non economist this was phenomenal and lucky me that the algo gods brought me here.
*𝓣𝓲𝓶𝓮𝓼𝓽𝓪𝓶𝓹𝓼 𝓫𝔂 𝓘𝓷𝓽𝓮𝓵𝓵𝓮𝓬𝓽𝓒𝓸𝓻𝓷𝓮𝓻*
0:00:00 - Intro
0:55:00 - Nehru's intentions and major policies
1:37:00 - Failings of the central planning model
1:52:39 - Price control & dependence on foreign aid
2:01:57 - Consequences of Nehru's policies - good and bad
2:13:54 - How MSP (minimum support price) ruins market signals and harms the economy
2:29:10 - Chinese economic struggles under Mao Zedong (parallels with India)
2:31:00 - (1966-1977) Darkest era in Indian economy under Indira Gandhi
2:45:00 - State violence & taxation
3:05:00 - Seeds of Corruption being sown
3:18:00 - Economic reasons for declaring Emergency
3:22:00 - Deng Xiaoping opens the Chinese economy (Indian parallels)
3:38:00 - India right before 1991 liberalization
3:47:00 - Commercial Break
3:47:28 - The 1991 Reforms
4:20:46 - The Importance of the Narasimha Rao Government
4:44:43 - The 2004-2009 Boom Period
5:30:12 - The 2008 Financial Crisis and Its Impact on India
6:02:35 - The Policy Paralysis of the UPA II Government
6:39:16 - The Balance Sheet Crisis and Its Impact
7:20:58 - The Importance of a Pro-Market Mindset
7:47:00 - Commercial Break
7:47:28 - The Challenges of Measuring the Informal Sector
8:00:37 - The K-Shaped Economy: New India vs. Old India
8:29:38 - The Importance of Trade and the Dangers of Protectionism
8:45:25 - The Household Debt Crisis
9:00:43 - Dream Reforms for India
9:27:11 - Recommendations: Books and Resources
9:51:30 - The Importance of Hope and Action
Thanks
Phenomenal.
For those who want to leapfrog, History starts at 55:50
Thanks
Amit and Rajeswari, thank you for this labor of love! I want to commend you on the structure of this episode. Breaking it down into 4 eras and diving deep into each one of them was easy to follow. The camaraderie between the two of created excellent flow. As others have said, the clarity of thought is remarkable. Great work!
Thank you so much for listening.
Very happy to complete the entire video..I am leaving with better understanding of Indian economy. Thanks to Amit and Rajeshwari.. respect to you both .
4:32:29 - I think this is where economists tend to get carried away with only prioritising what they can quantify. Judgements outside policies cannot be dispensed. Also, number of equity retail subscribers are not 90cr. It's less than 20% of that number.
But overall, outstanding discussion. Thank you.
Complete economics class on india🔥🔥
A 10 hr long podcast looks intimidating.... Amazed how people have patiently listened through it....
Add timestamp and also fire your growth team
Such depth and clarity of thought, almost a masterclass
Make short clips and do first 20 items on how to grow UA-cam
Amit will do the show as he wants it. He doesn't crave for short term engagement. He is not after views. And TSATU is what it is because of this.
No to shorts! No to time stamps!
I am choking at this suggestion. Making short clips out of deep dives will satisfy neither the insight seekers, nor the dopamine-hitters.
Some things are required to be savored, not gulped.
@@anuj9743 I can get behind time stamps though, but it's too much of a work for a 10 hour long podcast. Another 3-4 hours at least.
If u have an attention deficit treat it don't tell others what to do.
Thank you so much for this, I have had the privilege of being taught by Ms. Rajeswari and was left with wanting for more. So this is much awaited ☺☺
My first time on The Seen And The Unseen and a wonderful show to begin my engagement with Rajeshree Sengupta. Thanks
i have yet watched 2 and half hours of the video and i gotta have to say you both are genius ......i wanna watch all these videos but i realized that even if i watch 1 vedio per day , will take 1 year , but most probably this channel is like a open knowledge book , so helpful , do tell me how could i use this knowledge , i mean this seem some real asset for growing my personality and understanding in this field so do tell , how could i efficiently use this info for making a bed rock for me be a person who know reality of economics , such a fascinating subject...
Deep dive into economy related topics really make these long hauls worthwhile. Grateful to Ms. Sengupta for taking out the time.
The city and the city analogy with respect to current situation is so apt.
@@sharad539How?
FANTASTIC and such great insights. Everything comes together.
Could you also please make such an episode on 200 years of US economic transformation & side commentary of how India can learn from different phases
They focused on research and education as their prime priority not just by selling weapons people say that America became rich because of selling weapons in WW2 but as of my thinking it cannot be done if a country couldn't focus on that particular thing.
Excellent talk. The state has stopped listening. Is it a world wide phenomenon ?
Easily the best episode this year! Finally finished it worth a rewatch
Really amazing. It almost ten hour long episode. It gives the Birds Eye View from 1947 till today. It holds me for a week continuously.
7:30:10 - challenges of measuring the informal sector
7:47:00 - COVID and its impact on the economy
What a marathon! Poora paisa vasool! Thank you
10 hour long and that too on economics.
This is going to beat my personal record of listening to KP Krishnan's 8hour podcast.
Bring it on!
And to think, that I ran away from the aural medium, in favor of the written one almost passionately, less than a year back!!!
Oh how the times they change!
What was kp Krishnan's was on ?
@@VikramSingh-vg7gv econ, policy, India' s experience of navigating through GFC when it had no priors to bank on, KPK 's experiences in Hubli-Dharwad.
It was a rollicking experience. That was the second podcast I listened to, and it was enough for me to go beyond my comfort zone of reading.
@@sohamdas thankyou so much. You can also watch podcasts with Karthik Murlidharan in case haven't yet. That's an absolute brilliant one too
@@VikramSingh-vg7gv been a more or less a regular listener now of TSATU, especially when it comes to econ topics.
Do give Shruti Rajagopalan's podcast on Delimitation a listen too.
Content aside - her enunciation is so crisp that it's an absolute pleasure to listen to. Her ideas and her voice cuts through a lot of noise.
@@sohamdas ok sure, will see. Thank you ✨
This is like finding the treasure trove without any effort/intention.
Simply superb! Become a fan of Rajeshwari madam !🎉the summation of economic journey was out of this World! ❤ ❤
Great content guys. We really need more voices in our country advocating for pragmatic policies and effective economic thinking.
If I may add some constructive criticism, please make some changes to make your content more accessible and approachable.
Simple changes like:
- adding timestamps in long videos
- properly formatting text in the descriptions for readability by including paragraph breaks and relevant links
- adding some short clips to give bite-sized introductions to your content, etc.
In short, thinking in terms of making life easier for your audience and subscribers will help in your growth in this free market for attention :-)
Regarding the sale of agricultural land...In urban planning there is a concept of zoning. It is very much needed for streamlined development, otherwise it will be quite chaotic. Most developed countries embrace zoning...
OMG OMG 10 hrs 😳😳, anticipating a masterclass
I read in a livemint article which cited Angus Maddison's time series on world GDP that CAGR for real GDP growth in India during Nehru was just 1.68%. And during pre independence time, between 1900 to 1947 was even worse was at 0.07%
Very nice episode. Especially the dive into the pre 1991 reforms, which was necessary context that often gets overlooked.
Excellent conversation
Your video on 'Indian Economy' just came on my recommendation. At first I hesitated to click because of that 10 hours run time. Next I thought that in this time of reels, quality videos will take time. so I started exploring your channel. And I am mesmerized!
You wrote in your about that you get 1% view from youtube! And that's very depressing bruh! Investing that much of time and... 💔
I promise, I will take out time and watch your long videos! 😄
Keep up the good work!
Subscribed! ❤️
It is entirely a left-wing political podcast, it is very old tactics to preach the agenda behind the curtains of Economics, It is for so called Knowledge seekers lol , i had huge expectations with lol they failed me.
There are eerie similarities between the sub prime mortgage crisis in the US and the current unsecured personal loan crisis in India. It’s not hard to see it. Wonder why the financial markets system is ignoring it. We know the consequences. We have seen it in 2008.
True!
🇮🇳 Rules 🇮🇳
🇺🇲 Rules 🇺🇲
Jumping of Different nationalities in politics, while not belonging from that country! it Damages the country not the person, because the person who was born somewhere else, how can they feel that deep connection ?
Or faithful enslavement is everything ?
loving someone without any gold and glitters that's how it works.
this Rule goes,
same for the country too!
I apologise for the comment spam I'm just writing these as i listen along. In terms of cultural makeup i think singapore and india faced many of the same problems of nation building across the fault lines of cultural differences. And that Singapore handled well. Granted it had the benefit of not having much historical baggage, nations are based as much on what people jointly forget as on what they remember, and India has a lot more to forget.
Beautiful graphic. Is there someplace I can order a print ?
There is reluctance by foreigners to invest in india = low levels of FDI, is plainly because they see the reluctance of Indian corporates to invest. If Indians don’t have confidence in the Indian government and economy, no amount of foreign visits by politicians will be persuasive.
Thanks for doing this guys. Thanks a lot
The thumbnail says so much about India's economy.
Amit verma.. ooh mann 10 hour ling podcast.. u will hear it in chunks
Good god 10 hrs
what a treat
The speculation about india's gdp growth slowdown contradicts satellite night lights imagery data over the last decade. Other factors like energy consumption, freight usage have also increased. Covid might have impacted growth but i believe from the above data we can assume its improving
Not sure education produces unemployed manpower. Many software firms have 3-6 month training programs to bridge the gap between academia and industry. Organizations like BARC have strong training schools that cultivate high-quality research talent. One may always say they are not doing great work etc., but they are one of the best available in the country.
Some companies now expect fully-fledged professionals, which is unrealistic. It's impractical to invest heavily in specific technologies like Java or .NET without a broader educational foundation. A diverse education, encompassing both hardware and software, is crucial for employment.
While graduates and students can be trained to meet specific firm requirements, companies also need to invest in their own training programs to develop their workforce.
Apt and mesmerizing thumbnail art.
I disagree heartilty with the fact that "socialist" is a bad word. Agreed that the implementation was flawed, but it gave a lot of security when it comes to welfare, pensions, nationalized rail and air. Agreed that capital and trade limitations put by socialist policies were disastrous, but the way we did market liberization was also flawed. Most of the fears of Nehru are now coming true with Adani and Ambani becoming monopolies. Foreign investments and businesses coming into the country without understanding the market, selling us products and services that people of India didn't want. Then the same companies buying up home grown successful businesses, example Coca Cola bought up so many desi businesses. Capitalism is great (for the opportunists), but it's an unforgiving beast if left unchecked. The state currently is working with monopolies and letting them run major sectors. Small businesses are not being encouraged. I am not going to count uncorn companies, as start ups are failing as they follow trends, are profit motivated and most of them cater to the upper middle class market. India needs large scale manufacturing capabilities, it does not seem like the large capitalists are interested in that. Skill India was a failure. Foreign investors only see India as a service sector country, not a manufacturing hub. Labor laws, labor safety, fair wages are all in existence even in the most capitalist countries like USA. India needs to respect its own workers, provide them the opportunities - the state can help in that, since the private sector isn't quite interested in training and using Indian labor, which would be possible through socialism, and with support and help of capitalists.
Socialism is an evil word.
I remember what platform modi espoused in 2014. People have forgotten that his slogan was "Minimum Government maximum Governance". His entire platform was getting th government out of the business of business, deregulating, freeing the economy, globalization. This did not materialize and he completely pivoted, probably due to electoral considerations.
10 Hours..wow! Gonna dive in!
I got exactly same thoughts as Amit when she mentioned Bombay plan supporting state led development
This is gold. Thanks for this.
THE KING HAS SPOKEN!!
Thank you! You are great Amit
The NFHS data is also at odds with the GDP growth story of 2010s. If the economy is booming why is there a decline in height? Height tells us something about wealth and health.
Recommendations at 9:27:20
Here's the thing: the system that's set up- the system we're all part of, the system we're hoping will "save" regions like ours- doesn't work. This system is set up to do one thing: funnel money to the West and their regional allies. That's the way it's designed, that's the way it was implemented post-WW2/colonialism, and that's how it is right now. When you try and implement it (ie- unrestricted, zero fucks given, hyper individualistic capitalism of the kind found in the US that is the wet dream of all economists) in countries like those in the subcontinent, all that happens is a mirroring of what goes on at the global scale: inequality. Because most of the wealth is siphoned off to the West and the tiny bit that remains is what India has to divide up within itself, naturally that leads to those at the top accumulating more and more. End result is what we see today. There's no path, no set of principles or policies to avoid this- that's just how this system is built. Sitting around talking about how to "make it work for us" outlines a fundamental lack of understanding amongst a lot of our English speaking types in the global South about what it is we're even talking about. We sit here and we look at the US where we're told everyone is far better off than us because everyone can buy an iPhone and go to Starbucks, completely ignorant or avoiding the deep, deep inequalities that exist there too. I already see people asking for lessons from US history- completely unaware of how pointless such things are. We didn't start where the west started from. We started with a massive uneducated population, having precarious economies that were narrow in scope and dependent on the colonial network to work, and that's the system we inherited post independence and that's the system that we're still mired in. What lessons is the US going to give ex-colonial countries? We can't afford to just say fuck it and doom millions to poverty and death so we can "move on" to a US-style system. Because that's the tradeoff here for countries like those on the subcontinent: it's all good talking about "painful decisions" when it's not you that's going to suffer.
I've yet to hear anyone from the developing world that actually deals with this angle. Instead all we hear is how our own leaders failed to make us more like white folk.
2:14:29. Diabetes point important
Great work man 👏
Thankyou
Time stamps please!!!
Woah 10hrs😮 ohhh I'm gonna watch it
One thing I am unable to understand here, all govt control things you mentioned here as bottleneck of developments like minimum wages, state intervention on every aspect/business, controlling the banking system etc is very much present in successfully developed EU countries. Take an example of Germany for that case where state presence and intervention is much more than it is in India today , then how they are developing not us?
There is significantly higher economic freedom in developed countries despite state presence in various areas..it's much easier to do business there, employ workers and innovate. And there is rule of law--the system works without bribes and connections. Developing countries like India work on deals and not rules because of the strong government presence in every aspect of economic life-so whoever can cut a deal gets ahead and this prevents the creation of a level playing field. On top of that there is the constant fear of raids and investigations by govt agencies--the environment is not friendly to the emergence of large firms. This doesn't happen in developed countries.
This video is 9 hrs long. NINE HOURS. 9 HOURS...
It will be interesting have similar talk and comparative study of China model.
This is so long 😩
Bruh.... 10 hours. My time has come. The people need timestamps.
🙏🗿 dedo
Anyone who advocates for economic freedom in india will feel like he's mad, it's nowhere in the discourse and yet so important.
I disagree that silicone chip plants and PLI are bad ideas because they represent centralized governance. I think these things are needed to create organic decentralized growth. Given the importance of the electronics industry, these two things are almost akin to other primary central governments roles like education and defence etc.
You're saying be an independent thinker. What if i say that i independently think that one shouldn't be an independent thinker? We should probably be very careful before we trade in absolutes.
the hell u uploaded brh 🥶🥶
Initially, by the look of it, I thought🤔 there would be corresponding illustrative animation along with the narration!!🙄
14:54 Listening after Ambani Family Wedding & Jio Tarrif Hike!
😂😂😂
Same mate 😅
I was just tell my mom last wekk, look at this podcast all of it are minimum 3hrs, now 😂
16 mins in, subscribed
Labor of love
3:35:32
Please put timestamps. please.
👌
These episodes can be named "The Clicks and the Double Clicks"
Wow
This is Mumbai in the picture
Phenomenal podcast! Agree on the diagnosis but disagree with the prescription!
NDA despite all the shortcomings you've highlighted, remains the best bet for India.
K shaped growth is indeed true but hopefully rural India turns the corner soon and the issue doesn't get perpetuated!
O damn 9 hours 😮
Damn i am scared just by the 10 hour time
Would be interesting to do an EiE episode on the essential commodities act ;). The idea was to deal with market failure for a temporary period until the market corrects. For example during war shortages where hoarding is common.
This intervention by government happens frequently for agri products. Unfortunately it is in the form of irrational orders.
The government could intervene on the supply side but it is too lazy to do so despite having stocks in FCI.
Sadly the orders seem to be permanent for some sectors - eg pharma, in a completely irrational manner.
or maybe another TSATU episode with both you and Ajay
Jeez 9 hours for a video? How much do you want from me
Why don't you promote it
what is bishabeesh?
I finished only half hour now l pin for next day 📌
Please upload in hindi also
Bcccc life me pehli baar 10 ghante ka podcast dekha hai
Please stop using “right” as a filler, it throws off the thinking train.
These guys glorification of authoritarian china is borderline unhealthy. The same policies when adopted here gets their knicker's in a twist.
It is some distance not,full distance....you pepole have no agenda only see wrong of Neheru,Indira...you have no knowledge of agriculture,no gain for looking past,you will be also one day in past,...
Cracker of a episode
Dude wtf
what on earth is this video
Please bring J. Sai Deepak
eww y
Y don’t u omniscience people talk about huge salaries of CEOs and grotesque income inequality in India
He doesn't care he's funded by them. The American Neoliberal Capitalist thinktanks fund this guy.
Seriously you socialists have such limited intelligence. How did the West become richnafter WW2?
@@vokoaxecerDid you pull that out of your ass? Marxists are great conspiracy theorists.
10 ghante ka podcast.... Bhai mar jayenga tu
Everything that Nehru did not make sense at all. Nehru's ideology committed ideology came in between... His hate for word profit tells us all.... This idiot didn't have iota of idea how his is going to feed so many people and even make their life better without making some profit..... He was advised so many times but he did not budge from his committed ideology of socialism....!!! Not many people see this but he was dictator may be benevolent dictator here and there!!! He did what he thought was okay for India in fact after Patel's death he got more freedom to do whatever he liked!!! He was like Modi. Who do things as he likes and thinks what is good for India no one dare to speak up.
Is it you, Mr. Ashok Mody?
True it was useless but think about the times, the fight against colonialism was also against imperialism and India was first colonised by a company
@@nvspraneeth901 any country allied with the USA at that time has grown well. Even neutral countries slightly in favour of English grew well.
Only nehru with his twisted extreme ideology wasted India' potential even the share of indian GDP of the world was not growing at the half of its potential.
License Raj my grandfather business suffered because of that.
If we liberalised at that time now India will be a nation to look upon in the World.
But it seems we have to wait for that time few more decades
@@Concentrateforfsake agree to some extent, licence Raj is a worst policy, I support full fledged capitalism myself, don't know if your grandfathers business would have survived foreign competition but still licence Raj was worst.. btw I doubt even in decades if we get what you are talking, it seems from now we will have riot wing govts and last 10 years have shown that they can't run a government could not even double the GDP with fudged numbers and calculation tricks introduced, manmohan almost tripled it. And worse, riot wing increase difference among people which is also detrimental for economic in the worst possible way.. so now think if we had riot ling govt back in 50s
Profit is dirty word fan
Vs
Without profit Singapore dies enjoyer