Many places in north India, where unemployment is worse, say that the young population is useless. However, these same youth are illegally going abroad looking for employment & doing great. China transformed their country into a developed one, when they had a big youth population. In Japan & the west, they are asking for more young workers. Meanwhile, in last 10 years, the corporate tax for Indian corporations has been 22% & foreign corporations is 35%. These corporates give political donations. The revenue loss from reduction of corporate tax, is being covered by higher income tax on common people. India's poor & middle class pay 50% & 33% gst, industrialists pay only 3% gst India's manufacturing shrank from 17% in 2010 to 13% in 2022 to 11.4% in 2023, as per Index of Industrial production performance data. This is due to high inflation & customs tax. Meanwhile, in Feb, Union govt had reduced funding for education. More than 26,100 govt schools have closed in UP, according to Indian Govt's United District Information System for Education UDISE reports. Bank rate is a good measure of where inflation is in the country. Why is the bank rate at 6.5 per cent for the last 13 months, if inflation is low as claimed by fm in economic survey 2024. Inflation is an added tax on poor & middle-class taxpayers. Meanwhile, big Corporate's untaxed funds are in the Cayman islands, so that their 10 generations, can live like kings. Meanwhile, Govt wants to take away private farm lands, to give it to big Corporations. The Supreme Court has deemed electoral bonds legalized corruption, making the ruling party the world's richest political party in 10 years. We should never forget that govt are public servants, & they should not to be revered like god-king. This Govt has prioritised imported luxury cars for VVIPs over the needs of ordinary voters. According to CAG report, the financial rail budget had said that 20,000 crores will be invested by our Union govt to increase the safety of Indian railways, but only 4,225 crores were released for rail funds for safety. Also, union govt has neglected that rail workers who are being overworked while there are lakhs of rail jobs which are waiting to be filled in 10 years.
@@xxyz2023 Do not overrate China, they have made massive mistakes. They have massive corruption, recently an entire bridge collapsed while people walked on it. The materials were cheap because the construction company skimped for profit.
Twenty years ago India had IT boom. Many were going to IT and telecom Now it's not the case. It should be asked now considering what happened in past decade.
The problem with immigration from India is that as he points out in the video India has a large disparity between people who have higher education and those that don't Most countries would rather have the doctors, scientists and engineers than the unskilled labor Much of this comes from India's Caste system that they haven't been able to shake completely and their suppression of minority groups under Modi
Isn't it the same raghuram rajan that said "I would be surprised if india grows 5 persent per anum"....and in same year india gdp growth rate was 8.2 percent per annum 😂😂😂.....
It's for that year. Also today we have not really grown in real rate. Inflation already ate everything. Govt simply don't recognize the Inflation we are facing
It’s not just an India problem. It’s a global phenomenon. The increasing automation and digitisation will eliminate more and more low-medium skilled jobs. A government’s role is NOT to create jobs but create the right environment.
India doesn’t use this technology so no excuses, the West yes but in India no. You guys shouldn’t have a job problem especially looking at your country and how much work you guys have to do to develop. You can easily create jobs for the people and the population is big enough for that.
@@kk-gc1iihow? Sending law enforcement? They will protest and cry in front of every single liberal mainstream media and human rights organizations. And then….
@@nabeelmohammedcayes very true Satya Nadela is from Somalia, Sundar Pichai is from Uganda & Shiv Nadar is from Burkina Faso. All the CEO of top co. Of the west r from Syria & Burundi. India does not have any “highly skilled” people also u r the only intelligent creature on earth.
@@nabeelmohammedca: Oh India doesn't have a highly skilled work force ? In which decades are you living manh ? It's Indians who are resolving the technical issues in every part of the world. Do not spread your WhatsApp knowledge over the internet 😂 please go and see in the world who are the highly skilled work force Then who has a highly skilled workforce? Iran or turkey or Pakistan or Arab or who ?
Yes the immigration laws are tough towards Indians. Countries like Germany and Japan needs to make it easier for Indians to navigate and work in their part of the world. Indian diaspora has never created any problems in any part of the world they have moved and instead provided excellent service in the countries they got opportunities
As of January 2024, over 855 thousand companies were defunct or struck off in India. On the other hand, about 33 thousand companies were amalgamated or merged during same time period. The total number of closed companies in the country stood at about 924 thousand as of 2024.27 Mar 2024. The list of obstacles they face in India is equally long: “regulatory flip-flops, high tariff barriers, red tape, corruption, perplexing land policies, infrastructure issues and others tied to the ease of doing business,”.
@@avkk2314By getting your basics right. Like improving public infrastructure, shutting off borders and keeping illegal immigrants out, improving the quality of education and healthcare. You cannot directly compete with the developed world without getting the basics right
This is exactly what we have been doing for the past 2 or 3 decades..but, we are a democratic country with 1.4 billion people, who are diverse like the entire Europe, but with lower literacy rate and low income..for the kind of challenges we have, we are doing decent..@@D_402S-h2z
@@rishipramanick6823 gowth of any economy is dependent on the middle class population of that economy, growth of middle class population ultimately drives the growth of economy, soo why this answer?
It is not Modi's crisis! He doesn't have family or children. This crisis will come to you and your future generations 😂. For example, Grooming Gangs in Britain.
It's like US state department message comes to dw news😂😂modi not listening to US😂 hegemony of west😂 suddenly west media active since Modi Russia visit😅
Stop lying. We Always had unemployment. Just in the past 10 year that rate has multiplied by 4 times. The educated youth wanted white collar Job. No one wants a blue collar Job. Why would anyone be interested go to a blue collar Job. It's the duty of the govt to create the opportunity for its people.
It's not a challenge to modi bcz he do not care about job crises in India, unemployed is rising rapidly highest since 1970 but for modi only developed of his party and certain industrialists matters . Taxing people like Europe giving facilities like Uganda. Sadly no media channel cares about this issue so no one asks modi question that's why he doesn't care about unemployed.
You're quoting that AAP guy who rules Delhi and provides services like Somalia. Delhi is the richest country and the CM was busy making money and is now in jail. UK charges 40 per cent tax on salaried class who earns above GBP40k. In India you don't pay any taxes if you earn up to Rs 1m. UK and many European countries made their infrastructure with the looted wealth from their colonies whereas India is creating infrastructure using its own resources. We had an extended colonial rule until the1980s and 2004-14 when infrastructure was totally ignored. We are seeing developments all over India and we need to be patient to upgrade our infrastructures.
The problem that India does not understand is that India does not have the skillset and competency to compete with China. China does not have huge economic disparity compared to India. The economic disparity is the result of Hinduism that encourages caste systems.
Mate, if you have never lived in India and don't know how Indian society works, please don't talk about India. I cringe hard when I see foreigners giving their "expertise" on India. आप अगर अपना मुंह बंद करके रहेंगे तो ही अच्छा होगा। 😂
Listen carefully Indians! China has $3.5 trillion dollars worth of forex reserves. Plus China has $2 trillion dollars worth of loans to BRI countries. On top of that, China has $3 trillion dollars worth of assets globally like mineral rights, ports, start-ups, stocks, sovereign wealth funds etc. Add to that, China recorded $880 billion dollars worth of trade surplus last year alone. While India only got $500 plus billion forex reserves and India wants to counter China? This is not even a David vs. Goliath kinda thing, this is an ant taking on a T-rex 😂
Issue in India is basically about high fuel taxes. It is 200+ percentage! This has driven inflation and people don't have money to spend on not so important things. So the small industrial and services sectors are closing which is creating job crisis. Modi's economic model is government spending, which is not the ideal way of growth.
Yes, it is. But that growth is not job-led growth(consumer led growth). Infact most of that growth is jobless growth, which means it's not reducing poverty or bettering lower/middle-class thereby increasing our tax base as this type of growth is inflationary and competition reducing. Long way of saying, it's useless and I would even say harmful as we are on our way to become oligarchic economies like Russia.
He spoke well, but the conclusion is wrong. The problem is service industry is nothing India needs for its domestic market, its own people. Manufacturing is a good starting point for developing countries, because at the same time of exporting those products, the country itself, its infrastructure and people's quality of life can benefit from it. Without it, no matter how many highly trained people you have in high-end jobs, they will want to move abroad as soon as they have the chance.. On top of this, he admits that service industry can't create so many jobs, and with the advance of AI, it will decrease even more.
Everything is fine. India's youth unemployment rate is 83% according to the International Labour Organisation. It also stated that in 2000, the unemployment was 35.2%. In 2022, it was 65.7% & 2024 to 83%. India's official data says it's 9.2%, & in states like Haryana, Rajasthan, & Bihar have even higher unemployment. India's manufacturing is down from 17% to 11.4% of gdp in just 13 years. And who needs schools when you can just close 26,100 in UP? Who cares about higher income tax for individuals? Since Indian corporations need more money, they get a lower tax rate of 22% & foreign ones is 35%. High bank rates (6.5%) & claims of low inflation? No problem, poor and middle-class taxpayers can just absorb the extra cost. It is fine really.
@@xxyz2023u madaraachap 😂 they don't teach reading statistics in madarasa it seems.. its not youth unemployment rate which is 83% .its percentage of youth out of total unemployed
Because of guys like this who is speaking about solving India problems.😅(be careful with left and their nonsense socialism, reason why we are behind china). He is shameless former governor, under his term Indian economy was struggling, he was kicked out so he keep on moving around bad-mouthing about India. He desperately wants to become governor again.
the cost to transport finished goods in china is lowest while it is high in india. india is too democratic in a sense. elected federal govt plans at national level but the elected state chief ministers can reject those plan when implementing.
China is the world Factory, so they have that advantage, India not. it's is rich however Chinese people not getting that benefit. they work as cheap labor around 24/7. India is powerful but not rich as China.
Great choice of speaker This guy has been forecasting doom for india for 20 years, ever since he was removed as the Governor of RBI. India on the other hand has been growing at 9% per annum
The bottom 5 countries with the lowest GDP per capita in G20 (1990) 16. Brazil🇧🇷 = $3,190 17. Indonesia🇮🇩 = $771 18. Russia🇷🇺 = $472 19. China🇨🇳 = $374 20. India🇮🇳 = $369👈 The bottom 5 countries with the lowest GDP per capita in G20 (2000) 16. Brazil🇧🇷 = $3,865 17. Russia🇷🇺 = $1,898 18. Indonesia🇮🇩 = $870 19. China🇨🇳 = $951 20. India🇮🇳 = $442👈 The bottom 5 countries with the lowest GDP per capita in G20 (2010) 16. Turkey🇹🇷 = $10,533 17. S. Africa🇿🇦 = $8,130 18. China🇨🇳 = $4,500 19. Indonesia🇮🇩 = $3,177 20. India🇮🇳 = $1,351👈 The bottom 5 countries with the lowest GDP per capita in G20 (2020) 16. Turkey🇹🇷 = $8,613 17. Brazil🇧🇷 = $7,345 18. S. Africa🇿🇦 = $5,672 19. Indonesia🇮🇩 = $3,919 20. India🇮🇳 = $1,916👈 *Consistency is the key to success, India🇮🇳 took it to the next level
Country of 1.4 billion people that exports talent overseas en masse but can’t put together one decent company which designs and make its own product. Shameful
The issue is corporations are investing in fix assets and not on employment due to fear environment created by govt agencies who are arm twisting companies (for political donations to one political party) and protecting 1 or 2 big corporations. Also, the central govt has reduced funding for education. It all adds up.
@@xxyz2023 how many indian companies in fortune 500 list? Name me one indian brand that has captured the global market or is well known around the world?
Manufacturing is going to Vietnam and Mexico. Now companies are not looking to India as primary manufacturing . Service sectors must be given priority now
Services is already priority.. it cannot employ semi literate folks.. manufacturing cannot be ignored.. This man Rougu Rajan screwed up India’s economy as RBI governor.. he left the economy in fragile 5, NPAs at 12%, inflation at 10%!!
@@Dk2-vs7hh no, modi is the real one who screwed his country. not Rajan. Modi just doesnt like who oppose him. This is why Rajan resigned. you cannot blame a central bank over the PM.
Great choice of speaker This guy has been forecasting doom for india for 20 years, ever since he was removed as the Governor of RBI. India on the other hand has been growing at 9% per annum
Lol... Nahhh.. We call him BS MAKER.... things just never goes the way he predicts... Like NEVER... 🤣🤭.. & it's funny that people outside india thinks they know every thing bout india... 🤷♂️🤦♂️
Great choice of speaker This guy has been forecasting doom for india for 20 years, ever since he was removed as the Governor of RBI. India on the other hand has been growing at 9% per annum.
Now he is not talking about banking. Jobs means not only salaried work. This government is promoting job creating schemes with huge success. Government cannot give jobs for all unemployed. Surely sarkarkar schemes for skill training to help the needy with various skill training. They will find they own work
China's 91% adult literacy rate rivals wealthy, industrial Western economies, and is 30 percentage points higher than India's adult literacy rate of 61%.
Countries that lead the world in 44 critical technology* sectors: 1. China = 37 2. USA = 7 3. UK = 0 4. Germany = 0 5. Japan = 0 *In fields like defence, space, robotics, energy, the environment, biotechnology, artificial intelligence (AI), advanced materials and key quantum technology areas Source: Australian Strategic Policy Institute (ASPI) **India leads the world in the field of cow husbandry, which is neither a technology nor critical
As a Indian i had never seen that much poverty here in my entire life even then when i am from one of the poorest state bihar ( motihari) 😂😂😂 but western media always portray something about us which never exist 😂😂😂😂 I think they are displaying the video of Pakistan or Bangladesh 🙄
No that is India but what you are saying is also true they will never show the good side...just some uncles, roads and aunties with saree and sindhur.... They don't just show it in bad light but this also demeans culture showing it poor.... That's pathetic but it's ok it's German media ...even Indians in German whether it may be youtuber ..are same 😂
@@rajx7120 We have offered high salaries to many of our engineers abroad and they are currently working in Turkey. While India's aircraft program is progressing very slowly, our aircraft are flying in the sky.
Yes ofc😅 we are so backwards we have seen 2.3 trillion USD growth in GDP, we are now a 4.1 trillion dollars economy since 2014 India has made 146 million jobs, for congress to match that you have to check between independence and 2010. Since 2014 India has grown by 50% in all sectors. But whatever floats you boat😂😂
In india as far as employment is concerned, only the MSME sector can create jobs. Unfortunately, statutory compliance is complicated, deterring investment. We don't have to copy from the West or East to generate employment. A parallel economy has to be evolved with minimum Govt control. For example, EPFO organisation has draconian powers and a complicated compliance with 5+5 accounting heads to pay provident fund . Govt exempted their employees from provident fund but covered the entire private sector, loading them with outdated laws.
India should control population if it keeps increasing then no one can solve this problem! They are leaving the root cause as it is and talking on solutions!
coz they set China as their enemy. This is every time you hear of india-china border issue, when indian politian need it. Then indian has no other thinking on other countries.
Mr Raghuraman Rajan I am ashamed of you as Tamilan and as an highly educated economist you should help India to grow without aligned to any party sir My humble request to people like you and other eminent economist like you sir
Germany and the EU need to stop enabling and supporting the Indian Authoritarian Government. The situation on the ground in India is much much worse. The majority of Privileged Indians and the Global Indian Diaspora are also complicit and guilty in these Crimes Against Humanity by the Indian Fascist Regime and its Social and Official Collaborators.
@@Alpha-qh4sb every arguement and comment from a guy who calls himself "alpha" is automatically null and void. Even if they say something reasonable, they will always sound like a clown.
The professional, I go to every country and I'm a vIctim community guy is Here. The EU Itself has rising Ri^ht wing you'll be cra$pping your pants when you find what they cooking against the piece fulls
It is a shame that a person who is a professor at Booth school of business is kicked out of his own homeland. No wonder India still relies on imports for defence and pharmaceuticals.
@@Wolfcamp555 We don't hold any bad feelings to british citizens/people today, but we can't trust their govt & corporations, who came not to help India, but loot India.
@@nenasiek We don't hold negative feelings towards any british citizens/people, but we can't trust British govt or companies. They came not to help Indians, but to loot India.
@@nenasiek maratha empire was till Britisher occupied as east india campany which had just 1/3rd of india till 1857 only after crackdown great revolt Britisher rule start with end in 90year in 1947. India Is Greek name exits since 3rd century while Britisher civilization start from 8-9th century.
India’s biggest problem is populist politics, creating hatred, and having a bad relationship with China. Is it really good for India’s current development? Very impractical. The economy and people’s livelihood should be developed first.
Indians hated on him when he was in power. Such blind modi fans, Indians need to think more critically of modi, he is not as good as he projects himself to be
He is the person who supports the opposition in 2014 he stated i would be surprised if india grows at a rate of 5 percent we are now growing at rate of 8.2 percent actually its the result of reforms in 2014 and the reforms of current time will bear fruits in 2030
2014 tak Bharat ka economy ko organised loot karke gariibi badhakar gaya Commerce aur economy men PhD pass karnewaalem Lakhom crore loota. Loot chhupaane keliye atankvad business men investment kii?
@@deek1081 Dr. Rajan says foreign investment will not come to India for low end manufacturing. It is a fact, that fdi for manufacturing is lowest in India today, and far high in mexico, vietnam & indonesia.
@@RameshKumar-kb7hp This man Rougu Rajan screwed up India’s economy as RBI governor.. he left the economy in fragile 5, NPAs at 12%, inflation at 10%!!
My wife’s job is seeing remote employment moved to India. I am expecting serious political fallout if companies start using Indians for remote work over locals on large scale. The passion for globalisation is no longer there in the West. It’s clear to most that corporations are just undercutting wages for zero national benefit. At least with cheap goods the consumer benefitted. Now with accounting work going overseas it only benefits other corporations that would use an accountant. In the case of exporting services, it has zero national benefit and Congress “should” step in a lot faster. Not to mention quality of work is not there, yet.
Isn't service sector provides jobs for skilled workers while india's main problem is to provide job for low skilled workers like farm labourers,MSMEs. Besides,female participation in labour market is low and opportunities in these areas needs to be explored.
Health and hospitals can create a lot of jobs, I mean private hospitals, Government Hospitals are liability on Tax payers. For Government should stop levying service tax of 22% on health insurance, stop charging 5% tax on room rent more than Rs 5000 in private hospitals.
There is no shortage of jobs, in fact I have a vacancy for Chief Blabberer, and Mr Rajan with his fantastic credentials ought to cut it. I will pay you $1/day with a bonus in the hindcheeks at the EoD.
Modi Government lost this brilliant man, fearless economist ( we Sri Lankan academics have so much respect/ admire) given correct path as an analyst of economic research and development
Census has not been conducted, so govt was thinking that it can brush away the unemployment issues under the carpet but the election outcomes proved them wrong. The government has no other option but to work towards reducing unemployment. Had it conducted a proper census and unbiased surveys from time to time, this situation would have never arrived in the first place.
World developed nations need to know india is a big big market unlike china which is already developed and every thing that Europe or US has got . Potentially India is only the country where one can find big market in 01 single nation
He endorses air dropping of 8500 by his bosses without any plans to fund it?? His own country printed money to help citizens momentarily and they are now suffering from inflation and fighting wars to save currency.
What government can do is get out of the way of entrepreneurs and citizens that can want to do business. Also in a country like India income tax is theft by government since they don’t provide anything. Indian government have taxation on everything. total tax burden on citizens is higher than of european countries. Every step of the way government is involved which increases bureaucracy .
@@PriyansuLearning just look at the tax slab , just for 15 lakh salary tax is already 30%. Total tax burden is even greater for such salary considering all direct and indirect taxes.
He's a joker. If democracy had worked well, India would be very close to China in economic growth while the west's standard of living would not have started to decline.😂
India should have asked these questions 20 years ago
Many places in north India, where unemployment is worse, say that the young population is useless. However, these same youth are illegally going abroad looking for employment & doing great.
China transformed their country into a developed one, when they had a big youth population. In Japan & the west, they are asking for more young workers.
Meanwhile, in last 10 years, the corporate tax for Indian corporations has been 22% & foreign corporations is 35%. These corporates give political donations. The revenue loss from reduction of corporate tax, is being covered by higher income tax on common people. India's poor & middle class pay 50% & 33% gst, industrialists pay only 3% gst
India's manufacturing shrank from 17% in 2010 to 13% in 2022 to 11.4% in 2023, as per Index of Industrial production performance data. This is due to high inflation & customs tax. Meanwhile, in Feb, Union govt had reduced funding for education. More than 26,100 govt schools have closed in UP, according to Indian Govt's United District Information System for Education UDISE reports.
Bank rate is a good measure of where inflation is in the country. Why is the bank rate at 6.5 per cent for the last 13 months, if inflation is low as claimed by fm in economic survey 2024. Inflation is an added tax on poor & middle-class taxpayers. Meanwhile, big Corporate's untaxed funds are in the Cayman islands, so that their 10 generations, can live like kings.
Meanwhile, Govt wants to take away private farm lands, to give it to big Corporations. The Supreme Court has deemed electoral bonds legalized corruption, making the ruling party the world's richest political party in 10 years. We should never forget that govt are public servants, & they should not to be revered like god-king. This Govt has prioritised imported luxury cars for VVIPs over the needs of ordinary voters.
According to CAG report, the financial rail budget had said that 20,000 crores will be invested by our Union govt to increase the safety of Indian railways, but only 4,225 crores were released for rail funds for safety. Also, union govt has neglected that rail workers who are being overworked while there are lakhs of rail jobs which are waiting to be filled in 10 years.
@@xxyz2023 Do not overrate China, they have made massive mistakes. They have massive corruption, recently an entire bridge collapsed while people walked on it. The materials were cheap because the construction company skimped for profit.
Twenty years ago India had IT boom. Many were going to IT and telecom Now it's not the case. It should be asked now considering what happened in past decade.
No 10 years ago
@@AX-sq5vm Do you think hindutva people are hindutva because they ask these type of questions?
Millions of Indians emigrate every year. Massive inequality in the country.
The inequality crisis in India is even worse than the US.
India has a lot of population less land plus environment concerns and protests against land acquisition for factories.
The problem with immigration from India is that as he points out in the video India has a large disparity between people who have higher education and those that don't
Most countries would rather have the doctors, scientists and engineers than the unskilled labor
Much of this comes from India's Caste system that they haven't been able to shake completely and their suppression of minority groups under Modi
@@avkk2314 thank you for your input appreciate.
@@HuskyOwner-bl1jf true.
Isn't it the same raghuram rajan that said "I would be surprised if india grows 5 persent per anum"....and in same year india gdp growth rate was 8.2 percent per annum 😂😂😂.....
Hindu growth rate. 😂
BJP changed the formula to calculate GDP.
In reality India had much lesser growth rate as per the old formula.
He was actually correct in that regard.
It's for that year. Also today we have not really grown in real rate. Inflation already ate everything. Govt simply don't recognize the Inflation we are facing
@@kumar.193 🤣go and learn about nominal gdp inflation and real gdp
@@kumar.193indias inflation is near 5 % which is ideal for a fast growing economy
It’s not just an India problem. It’s a global phenomenon. The increasing automation and digitisation will eliminate more and more low-medium skilled jobs. A government’s role is NOT to create jobs but create the right environment.
Stop defending your paw paw
Overpopulated
India doesn’t use this technology so no excuses, the West yes but in India no. You guys shouldn’t have a job problem especially looking at your country and how much work you guys have to do to develop. You can easily create jobs for the people and the population is big enough for that.
Indians will find their way out in Canada 🇨🇦. DW is worried too much
and HAHAHArris will be the presdent of the USA.
@@jianyang6281Harris is actually really smart unlike the convict against her
Canada is deporting them 😂
@@kk-gc1iihow? Sending law enforcement? They will protest and cry in front of every single liberal mainstream media and human rights organizations. And then….
Japan and Germany need more labour forces. India can export more skilled workers to these countries.
They need highly skilled workers, India doesn't have a lot of that.
@@nabeelmohammedcayes very true Satya Nadela is from Somalia, Sundar Pichai is from Uganda & Shiv Nadar is from Burkina Faso. All the CEO of top co. Of the west r from Syria & Burundi. India does not have any “highly skilled” people also u r the only intelligent creature on earth.
@@nabeelmohammedca: Oh India doesn't have a highly skilled work force ?
In which decades are you living manh ?
It's Indians who are resolving the technical issues in every part of the world.
Do not spread your WhatsApp knowledge over the internet 😂 please go and see in the world who are the highly skilled work force
Then who has a highly skilled workforce? Iran or turkey or Pakistan or Arab or who ?
Yes the immigration laws are tough towards Indians. Countries like Germany and Japan needs to make it easier for Indians to navigate and work in their part of the world.
Indian diaspora has never created any problems in any part of the world they have moved and instead provided excellent service in the countries they got opportunities
india no skill buddy
As of January 2024, over 855 thousand companies were defunct or struck off in India. On the other hand, about 33 thousand companies were amalgamated or merged during same time period. The total number of closed companies in the country stood at about 924 thousand as of 2024.27 Mar 2024. The list of obstacles they face in India is equally long: “regulatory flip-flops, high tariff barriers, red tape, corruption, perplexing land policies, infrastructure issues and others tied to the ease of doing business,”.
India must focus to grow within and not trying to compete with China.
How to grow within?
@@avkk2314 Education, reform government regulation to attract direct foreign investment, healthcare.....
@@avkk2314By getting your basics right. Like improving public infrastructure, shutting off borders and keeping illegal immigrants out, improving the quality of education and healthcare. You cannot directly compete with the developed world without getting the basics right
That's what the current govt is doing.
This is exactly what we have been doing for the past 2 or 3 decades..but, we are a democratic country with 1.4 billion people, who are diverse like the entire Europe, but with lower literacy rate and low income..for the kind of challenges we have, we are doing decent..@@D_402S-h2z
I had been watching Raghuram Rajan for last 15-20 years and most of his predictions about India goes horribly in wrong.
You have zero idea about what he is talking about
which prediction let me know
@@AbhishekSingh-jf7cohis projection against the growth of the economy of country he stated it will be below 5 percent and now u can judge the present
@@rishipramanick6823 gowth of any economy is dependent on the middle class population of that economy, growth of middle class population ultimately drives the growth of economy, soo why this answer?
He has become a joke now...
It is not Modi's crisis! He doesn't have family or children. This crisis will come to you and your future generations 😂.
For example, Grooming Gangs in Britain.
he does have a wife.
@@nvmtt First beneficiary of *_"Modi Ki Guarantee"_* 😂😂
It's like US state department message comes to dw news😂😂modi not listening to US😂 hegemony of west😂 suddenly west media active since Modi Russia visit😅
@@eespn4764 🤣🤣🤣god know who they are fooling. We all know minority record of this west.
We have jobs in india
But our people don't want to do low salary jobs i myself got work in garment factory but i left to study for government job
Stop lying. We Always had unemployment. Just in the past 10 year that rate has multiplied by 4 times. The educated youth wanted white collar Job. No one wants a blue collar Job. Why would anyone be interested go to a blue collar Job. It's the duty of the govt to create the opportunity for its people.
It's not a challenge to modi bcz he do not care about job crises in India, unemployed is rising rapidly highest since 1970 but for modi only developed of his party and certain industrialists matters . Taxing people like Europe giving facilities like Uganda. Sadly no media channel cares about this issue so no one asks modi question that's why he doesn't care about unemployed.
I dont think modi gives interviews, unless they only give softball questions.
You're quoting that AAP guy who rules Delhi and provides services like Somalia. Delhi is the richest country and the CM was busy making money and is now in jail. UK charges 40 per cent tax on salaried class who earns above GBP40k. In India you don't pay any taxes if you earn up to Rs 1m. UK and many European countries made their infrastructure with the looted wealth from their colonies whereas India is creating infrastructure using its own resources. We had an extended colonial rule until the1980s and 2004-14 when infrastructure was totally ignored. We are seeing developments all over India and we need to be patient to upgrade our infrastructures.
Become a farmer in India, you get facilities like Canada !
Europe taxes 40-50 percent
This man Rougu Rajan screwed up India’s economy as RBI governor.. he left the economy in fragile 5, NPAs at 12%, inflation at 10%!!
The problem that India does not understand is that India does not have the skillset and competency to compete with China. China does not have huge economic disparity compared to India. The economic disparity is the result of Hinduism that encourages caste systems.
Other countries had to teach the skillset and competency to China. They weren't genetically capable of learning on their own. Same with India
Your ignorance is amazing 😂😂😂
Mate, if you have never lived in India and don't know how Indian society works, please don't talk about India. I cringe hard when I see foreigners giving their "expertise" on India. आप अगर अपना मुंह बंद करके रहेंगे तो ही अच्छा होगा। 😂
Listen carefully Indians!
China has $3.5 trillion dollars worth of forex reserves. Plus China has $2 trillion dollars worth of loans to BRI countries. On top of that, China has $3 trillion dollars worth of assets globally like mineral rights, ports, start-ups, stocks, sovereign wealth funds etc. Add to that, China recorded $880 billion dollars worth of trade surplus last year alone. While India only got $500 plus billion forex reserves and India wants to counter China? This is not even a David vs. Goliath kinda thing, this is an ant taking on a T-rex 😂
U know... People in the West has this idea of them being so smart that they know every thing bout india.. Is kinda mehhh.. 🤦♂️😪
Is Insia not the fastest growing economy in the world given the population size?
So you can imagine how this issue affects other countries.....
Issue in India is basically about high fuel taxes. It is 200+ percentage! This has driven inflation and people don't have money to spend on not so important things. So the small industrial and services sectors are closing which is creating job crisis. Modi's economic model is government spending, which is not the ideal way of growth.
Yes, it is. But that growth is not job-led growth(consumer led growth). Infact most of that growth is jobless growth, which means it's not reducing poverty or bettering lower/middle-class thereby increasing our tax base as this type of growth is inflationary and competition reducing. Long way of saying, it's useless and I would even say harmful as we are on our way to become oligarchic economies like Russia.
@😂😂😂 bro wtfmyspace1876
He spoke well, but the conclusion is wrong. The problem is service industry is nothing India needs for its domestic market, its own people.
Manufacturing is a good starting point for developing countries, because at the same time of exporting those products, the country itself, its infrastructure and people's quality of life can benefit from it. Without it, no matter how many highly trained people you have in high-end jobs, they will want to move abroad as soon as they have the chance..
On top of this, he admits that service industry can't create so many jobs, and with the advance of AI, it will decrease even more.
Everything is fine. India's youth unemployment rate is 83% according to the International Labour Organisation. It also stated that in 2000, the unemployment was 35.2%. In 2022, it was 65.7% & 2024 to 83%. India's official data says it's 9.2%, & in states like Haryana, Rajasthan, & Bihar have even higher unemployment. India's manufacturing is down from 17% to 11.4% of gdp in just 13 years. And who needs schools when you can just close 26,100 in UP? Who cares about higher income tax for individuals? Since Indian corporations need more money, they get a lower tax rate of 22% & foreign ones is 35%. High bank rates (6.5%) & claims of low inflation? No problem, poor and middle-class taxpayers can just absorb the extra cost. It is fine really.
@@xxyz2023u madaraachap 😂 they don't teach reading statistics in madarasa it seems.. its not youth unemployment rate which is 83% .its percentage of youth out of total unemployed
@@xxyz2023 yes sure you're hindu just like Rahul gandhi
why was china able to become rich and powerful but india not? im a bit lost and dazed at mexico!
Because of guys like this who is speaking about solving India problems.😅(be careful with left and their nonsense socialism, reason why we are behind china).
He is shameless former governor, under his term Indian economy was struggling, he was kicked out so he keep on moving around bad-mouthing about India. He desperately wants to become governor again.
the cost to transport finished goods in china is lowest while it is high in india. india is too democratic in a sense. elected federal govt plans at national level but the elected state chief ministers can reject those plan when implementing.
That’s not much of an answer
China is the world Factory, so they have that advantage, India not. it's is rich however Chinese people not getting that benefit. they work as cheap labor around 24/7. India is powerful but not rich as China.
Religion.....
Harsh truth
This man Rougu Rajan screwed up India’s economy as RBI governor.. he left the economy in fragile 5, NPAs at 12%, inflation at 10%!!
Too late for India. In 20 years, we'll probably still hear that India is a low income nation and people will still migrate out of India.
WOMP WOMP salty a*s 🤣🔥🤣🔥🤣🔥
Make india part of the EU!😅😅😅😅😅😅
Make eu part of the India🤣
India already in G7 renamed G7+1/2
@@KonglengLee-t6l Another 1/2 with Russia and a full India with Bricks😆
Who wants the biggest slum of the world?
@@breezeanonymous6034 Currently Ukraine is the biggest slum of Eu🤣
And they say Perfect Matches dont exists.
DW-Rajan
Great choice of speaker
This guy has been forecasting doom for india for 20 years, ever since he was removed as the Governor of RBI.
India on the other hand has been growing at 9% per annum
Modi 1 month report card: 1. NEET UG Scam 2. NEET PG Delayed 3. NET Delayed 4. CUET Delayed 5. Manipur Burning 6. Kashmir Terrorist Attack 7. Agniveer and Farmer's revolt continuing 8. Hathras dead
Airport roofs collapsing
Cracks in Atal Setu approach road
Sinking of roads in Ayodhya, Ahmedabad
Ram Mandir leaking
Railway accidents
The bottom 5 countries with the lowest GDP per capita in G20 (1990)
16. Brazil🇧🇷 = $3,190
17. Indonesia🇮🇩 = $771
18. Russia🇷🇺 = $472
19. China🇨🇳 = $374
20. India🇮🇳 = $369👈
The bottom 5 countries with the lowest GDP per capita in G20 (2000)
16. Brazil🇧🇷 = $3,865
17. Russia🇷🇺 = $1,898
18. Indonesia🇮🇩 = $870
19. China🇨🇳 = $951
20. India🇮🇳 = $442👈
The bottom 5 countries with the lowest GDP per capita in G20 (2010)
16. Turkey🇹🇷 = $10,533
17. S. Africa🇿🇦 = $8,130
18. China🇨🇳 = $4,500
19. Indonesia🇮🇩 = $3,177
20. India🇮🇳 = $1,351👈
The bottom 5 countries with the lowest GDP per capita in G20 (2020)
16. Turkey🇹🇷 = $8,613
17. Brazil🇧🇷 = $7,345
18. S. Africa🇿🇦 = $5,672
19. Indonesia🇮🇩 = $3,919
20. India🇮🇳 = $1,916👈
*Consistency is the key to success, India🇮🇳 took it to the next level
With riots in Manipur, separatists in Kashmir, Naxalite insurgency, Khalistani resentment, wrestler's protest, massive unemployment, rising farmers suicides, falling groundwater levels, communal tensions,religion politics,north-south india sentiments,uttar pradesh crime rate,poverty,bihar overpopulated,income gap,woman safety,global warming,infrastructure problems,train safety.
Perfect AI bot😂😂😂😂
By giving one lakh rupees khata khat khata khat😂😂 he is a advisor of Rahul Gandhi
Country of 1.4 billion people that exports talent overseas en masse but can’t put together one decent company which designs and make its own product. Shameful
The issue is corporations are investing in fix assets and not on employment due to fear environment created by govt agencies who are arm twisting companies (for political donations to one political party) and protecting 1 or 2 big corporations. Also, the central govt has reduced funding for education. It all adds up.
@@xxyz2023 how many indian companies in fortune 500 list?
Name me one indian brand that has captured the global market or is well known around the world?
There are many decent companies in India making world class products and even exporting.
@@Rav01508haven’t you heard of Tata, Mahindra?
@@realnapster1522 how many sold worldwide?
Well explained
why not ask mukesh ambani for help? the richest person in Asia.
Jack ma is not comparable at all.
Manufacturing is going to Vietnam and Mexico. Now companies are not looking to India as primary manufacturing . Service sectors must be given priority now
Don't spread misinformation
Services is already priority.. it cannot employ semi literate folks.. manufacturing cannot be ignored.. This man Rougu Rajan screwed up India’s economy as RBI governor.. he left the economy in fragile 5, NPAs at 12%, inflation at 10%!!
Apple just ramped up their iphone production in India and many big companies are moving in. 😂
@@Dk2-vs7hh no, modi is the real one who screwed his country. not Rajan. Modi just doesnt like who oppose him. This is why Rajan resigned. you cannot blame a central bank over the PM.
@@realnapster1522 in the opposite, I heard Iphone is moving out of india, btw, Vietnam export more phones than india does.
While Mr. Ambani making millions out of the misery of its people!
He has earned it . Not by colonising countries
@@Themuthu0808he is worst ..preying on his own kind ..and you are naive enough to think he has earned it ...
India should make peace with China and create a massive 3bn people common market that the west can't ignore.
India and china despise eachother.
@@xxyz2023
look at the Qing Dynasty map
How can India make peace when China wants Indian territory? 😅
This man is really amazing! He is spot on, bull’s eye, on the real problems and solutions 🤯
Great choice of speaker
This guy has been forecasting doom for india for 20 years, ever since he was removed as the Governor of RBI.
India on the other hand has been growing at 9% per annum
Lol... Nahhh.. We call him BS MAKER.... things just never goes the way he predicts... Like NEVER... 🤣🤭.. & it's funny that people outside india thinks they know every thing bout india... 🤷♂️🤦♂️
This man Rougu Rajan screwed up India’s economy as RBI governor.. he left the economy in fragile 5, NPAs at 12%, inflation at 10%!!
@@RaviSingh-iv2nw Hello *IT Cell* 😂😂
Copy-pasting the same thing in every comment!! 😂😂
Lol he is just a puppet of opposition party😂 . Everytime he predicts something literally opposite happens😂
Great choice of speaker
This guy has been forecasting doom for india for 20 years, ever since he was removed as the Governor of RBI.
India on the other hand has been growing at 9% per annum.
太慢了，印度就业需要两位数增长
He deserved to be made financial minister of india,gold medalist at IIM, Ahmedabad,men who predicted 2008 recession in it sector
Both DW & Raghuram Rajan ....but especially DW, love to try to focus and bring to the front anything negative about India, be it true or not
Now he is not talking about banking. Jobs means not only salaried work. This government is promoting job creating schemes with huge success. Government cannot give jobs for all unemployed. Surely sarkarkar schemes for skill training to help the needy with various skill training. They will find they own work
See how many gold medal will India win in Olympic game started today..
China's 91% adult literacy rate rivals wealthy, industrial Western economies, and is 30 percentage points higher than India's adult literacy rate of 61%.
@@xxyz2023 but the people can see from their own eyes, from their traveling and experience themselves.
Outdated numbers. India's literacy rate is 77% now.
But literacy is not enough to guarantee a job.
Countries that lead the world in 44 critical technology* sectors:
1. China = 37
2. USA = 7
3. UK = 0
4. Germany = 0
5. Japan = 0
*In fields like defence, space, robotics, energy, the environment, biotechnology, artificial intelligence (AI), advanced materials and key quantum technology areas
Source: Australian Strategic Policy Institute (ASPI)
**India leads the world in the field of cow husbandry, which is neither a technology nor critical
Ah I see they fast tracked that trickle down economics
I was waiting for Raghuram Rajan to comment on this topic
As a Indian i had never seen that much poverty here in my entire life even then when i am from one of the poorest state bihar ( motihari) 😂😂😂 but western media always portray something about us which never exist 😂😂😂😂 I think they are displaying the video of Pakistan or Bangladesh 🙄
Nationalist cope Lmao India is poor deal with it
No that is India but what you are saying is also true they will never show the good side...just some uncles, roads and aunties with saree and sindhur.... They don't just show it in bad light but this also demeans culture showing it poor.... That's pathetic but it's ok it's German media ...even Indians in German whether it may be youtuber ..are same 😂
@@charles___ What to cope haha
..modi has already become pm third time 😂😂😂😂 u cry in corner
@@charles___
India is poor that's why it's only the world 5th largest economy.....
With riots in Manipur, separatists in Kashmir, Naxalite insurgency, Khalistani resentment, wrestler's protest, massive unemployment, rising farmers suicides, falling groundwater levels, communal tensions,religion politics,north-south india sentiments,uttar pradesh crime rate,poverty,bihar overpopulated,income gap,woman safety,global warming,infrastructure problems,train safety.
We, Turkey, have done this reverse brain drain. How? Giving high salaries. India should quit being greedy and rise wages
Turkey has higher inflation than India.
Oh really? Maybe that salary hike to to beat tha 80% inflation? I heard dollarization is happening in Turkey rapidly.
@@rajx7120 We have offered high salaries to many of our engineers abroad and they are currently working in Turkey. While India's aircraft program is progressing very slowly, our aircraft are flying in the sky.
@@rajx7120dude ur telling we don't have inflation also check turkeys per capita
Turaq economy is like the sick man of the world.. its economy is worse than pakstan!
😂 2014 was when we started to go backwards
You guys have always been going backwards
You still follow 11th centure rules to the fullest
Yes ofc😅 we are so backwards we have seen 2.3 trillion USD growth in GDP, we are now a 4.1 trillion dollars economy since 2014 India has made 146 million jobs, for congress to match that you have to check between independence and 2010. Since 2014 India has grown by 50% in all sectors. But whatever floats you boat😂😂
In india as far as employment is concerned, only the MSME sector can create jobs. Unfortunately, statutory compliance is complicated, deterring investment. We don't have to copy from the West or East to generate employment. A parallel economy has to be evolved with minimum Govt control. For example, EPFO organisation has draconian powers and a complicated compliance with 5+5 accounting heads to pay provident fund . Govt exempted their employees from provident fund but covered the entire private sector, loading them with outdated laws.
India should control population if it keeps increasing then no one can solve this problem! They are leaving the root cause as it is and talking on solutions!
Raghuram Rajan is nicely slapping this naive journalist with his counter sharpened replies😀
Chup pajeet
@@avg_user-dd2yb says a pajeehadh😆
How can a man save all jobless while a few neighbor suffering betrayers
coz they set China as their enemy. This is every time you hear of india-china border issue, when indian politian need it. Then indian has no other thinking on other countries.
He is now full politocal less economost 😂😂😂
Rajan is still having the sour grapes feeling after being kicked out of his job
this guy is delusional... keep repeat service job, service job is .001% what about 999.999 % of the population?
Save Bangladeshi students please 🙏😥🙏
Mr Raghuraman Rajan
I am ashamed of you as Tamilan and as an highly educated economist you should help India to grow without aligned to any party sir
My humble request to people like you and other eminent economist like you sir
Germany and the EU need to stop enabling and supporting the Indian Authoritarian Government. The situation on the ground in India is much much worse. The majority of Privileged Indians and the Global Indian Diaspora are also complicit and guilty in these Crimes Against Humanity by the Indian Fascist Regime and its Social and Official Collaborators.
Ok German shepherd 😂😂
Atta milega abduooo 🐪
@@Alpha-qh4sb every arguement and comment from a guy who calls himself "alpha" is automatically null and void. Even if they say something reasonable, they will always sound like a clown.
The professional, I go to every country and I'm a vIctim community guy is Here. The EU Itself has rising Ri^ht wing you'll be cra$pping your pants when you find what they cooking against the piece fulls
Germany and EU doesn't have words . USA have words.
@@Alpha-qh4sbtruth hurts,did u seen ground reality of Indian middle class
We are sending 1 out of 3 people in all over the world and we are still proud of it
We will definitely find a way...
It is a shame that a person who is a professor at Booth school of business is kicked out of his own homeland.
No wonder India still relies on imports for defence and pharmaceuticals.
I didnt know that India was a young country.
@@Wolfcamp555 he is puppet.
@@Wolfcamp555 We don't hold any bad feelings to british citizens/people today, but we can't trust their govt & corporations, who came not to help India, but loot India.
They become independent about 50 years ago. Before that there was smaller states all over modern india.
@@nenasiek We don't hold negative feelings towards any british citizens/people, but we can't trust British govt or companies. They came not to help Indians, but to loot India.
@@nenasiek maratha empire was till Britisher occupied as east india campany which had just 1/3rd of india till 1857 only after crackdown great revolt Britisher rule start with end in 90year in 1947. India Is Greek name exits since 3rd century while Britisher civilization start from 8-9th century.
India’s biggest problem is populist politics, creating hatred, and having a bad relationship with China. Is it really good for India’s current development? Very impractical. The economy and people’s livelihood should be developed first.
Indians hated on him when he was in power. Such blind modi fans, Indians need to think more critically of modi, he is not as good as he projects himself to be
India dont need Modi
Yup, India needs Jesus.🤣
Well...apparently There r many things that india certainly don't need .. ( but what can we do can't get rid of them) ... 😗😑😏
@@aryaman05it's far more better than modi
Jejus is loosing out in west.. hence he has come to India to harvest souls of some fools
He is the person who supports the opposition in 2014 he stated i would be surprised if india grows at a rate of 5 percent we are now growing at rate of 8.2 percent actually its the result of reforms in 2014 and the reforms of current time will bear fruits in 2030
Same as how India always did,,, Export humans to other countries
You will see improvement once u get rid of your hardcore corrupted politicians
2014 tak Bharat ka economy ko organised loot karke gariibi badhakar gaya Commerce aur economy men PhD pass karnewaalem
Lakhom crore loota.
Loot chhupaane keliye atankvad business men investment kii?
Low end manufacturing is the only way.
That is the opposite of what Dr. Rajan was advocating lol
@@RameshKumar-kb7hp I dont agree with Dr . Rajan . I think giving low end manufacturing will improve India's labour force participation.
@@deek1081 Dr. Rajan says foreign investment will not come to India for low end manufacturing. It is a fact, that fdi for manufacturing is lowest in India today, and far high in mexico, vietnam & indonesia.
@@RameshKumar-kb7hp This man Rougu Rajan screwed up India’s economy as RBI governor.. he left the economy in fragile 5, NPAs at 12%, inflation at 10%!!
Alot pro bjp jobless government supporters in comment section.
Well explained….
Climate change will offer new jobs.
why raghuram rajan never advocated about this when he was the governor of RBI, whatever what happened happened, need to fix the crisis now
If you hire 60 percent inefficient teacher ,doctor how can u work on human capital
My wife’s job is seeing remote employment moved to India. I am expecting serious political fallout if companies start using Indians for remote work over locals on large scale. The passion for globalisation is no longer there in the West. It’s clear to most that corporations are just undercutting wages for zero national benefit.
At least with cheap goods the consumer benefitted. Now with accounting work going overseas it only benefits other corporations that would use an accountant. In the case of exporting services, it has zero national benefit and Congress “should” step in a lot faster. Not to mention quality of work is not there, yet.
The west close one eye on atrocities of India. So the India can afford to let the poor rot without west criticism
Isn't service sector provides jobs for skilled workers while india's main problem is to provide job for low skilled workers like farm labourers,MSMEs.
Besides,female participation in labour market is low and opportunities in these areas needs to be explored.
Health and hospitals can create a lot of jobs, I mean private hospitals, Government Hospitals are liability on Tax payers. For Government should stop levying service tax of 22% on health insurance, stop charging 5% tax on room rent more than Rs 5000 in private hospitals.
There is no shortage of jobs, in fact I have a vacancy for Chief Blabberer, and Mr Rajan with his fantastic credentials ought to cut it.
I will pay you $1/day with a bonus in the hindcheeks at the EoD.
Modi Government lost this brilliant man, fearless economist ( we Sri Lankan academics have so much respect/ admire) given correct path as an analyst of economic research and development
Thank you for this beautiful news report DW ❤
Census has not been conducted, so govt was thinking that it can brush away the unemployment issues under the carpet but the election outcomes proved them wrong.
The government has no other option but to work towards reducing unemployment. Had it conducted a proper census and unbiased surveys from time to time, this situation would have never arrived in the first place.
No Indian universities under the top 100?? really??
India is the most unequal country in the world. A lot of poverty and wealth!
No India is not the most unequal. US and China are.
Yes unique 👌 in a way high inequality
it will never be fixed
The first thing which Indian government should do is putting her kids to school😂
These NRI should not advise indians from 'there'. If they care so much, they should come to India & work here or stop advising.
@@xxyz2023 he didn't do any great thing when he was here.
the world loves winners... we all love china!
Indian main issue is culture😢 corruption is in blood
We have many vacancies in education. medical police secretariet etc and there are deservingaspirants but the govt is not filling up the posts
Modi : India SHINING...😂😂😂😂😂😂😂
0:09 I like this game
He is nuts. He doesn't want low skilled manufacturing jobs but focus on low end service?
This man predicted India's GDP will be around 5% previous year 2023 but the actual figure was 7.5%..😂😂😂
World developed nations need to know india is a big big market unlike china which is already developed and every thing that Europe or US has got . Potentially India is only the country where one can find big market in 01 single nation
He destroyed banking system during UPA TIME
Just make country product based not a service based country 😢
Modi is a challenge for Indian economy
Its a Hindu house of cards with Modi.
过去几千年中国和印度都是农业文明。社会结构和思维方式很相似。但是二战后两个国家发生了根本性的变化。中国是通过战争实现了独立，所以既得利益集团被完全打破。很容易在白纸上作画。印度是通过非暴力实现了独立，所以既得利益集团继承了权力。社会中残留很多封建制度和思想。印度精英和人民需要做出选择。即，通过激烈地社会改造迅速让印度崛起，还是和过去一样缓慢地让社会发生有益的变化。
He endorses air dropping of 8500 by his bosses without any plans to fund it?? His own country printed money to help citizens momentarily and they are now suffering from inflation and fighting wars to save currency.
By involving in manpower industry like.... Shipping industry, etc.
He is the same person who advised to give freebies for economic development 😂
What government can do is get out of the way of entrepreneurs and citizens that can want to do business. Also in a country like India income tax is theft by government since they don’t provide anything. Indian government have taxation on everything.
total tax burden on citizens is higher than of european countries.
Every step of the way government is involved which increases bureaucracy .
Where did you find the data surrounding the effective tax rate being higher than european countries?
@@PriyansuLearning just look at the tax slab , just for 15 lakh salary tax is already 30%. Total tax burden is even greater for such salary considering all direct and indirect taxes.
India has an advantage - shortage of everything .
Solution is for govt to invest heavily in infra , housing & schools
Exactly yet they don’t do it for some reason. They could easily make jobs
He's a joker. If democracy had worked well, India would be very close to China in economic growth while the west's standard of living would not have started to decline.😂
Solution:export extra manpower to other countries all over the world.🎉