‘India can see China-like economic success without sacrificing democracy’, says Manish Sabharwal
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- Опубліковано 28 чер 2024
- 'Success of China, probably has 20% related to their dictatorial or autocratic tendencies, the other part of it is just non-farm job creation'-Manish Sabharwal, Vice Chairman, TeamLease Services tells Vir Sanghvi in this episode of #ThePrintDialogues. He also emphasises why India’s problem is not jobs, but poverty & explains the difference between debt-driven populism & tax-driven welfarism. Watch the full episode
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Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
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Insightful and to the point. Great job! Thank you 🙏
It doesn't matter whether you call people poor or people working in poor places, ultimate truth is that these many people have less money in their pocket. And that is what really matters.
Glad that someone said this.
Politicians should stop making excuses.
Excellent interview. In 2007 or 08, I participated in a presentation by Manish Sabharwal and thought it was the best I’ve seen. I could say the same of this interview too. Or, one of the best.
Well, the statement that "freebies are more with states and not much from the center" is a giveaway for the entire interview. After that, it is all noise.
That was very interesting. Please continue more with him Mr Vir Sanghvi. 👍
Anti India vs pro India!!!
That was a nice conversation to listen.. enjoyed it… greetings from Oxford !
Brilliant Manish Sir....Rajamata's Fans must be Upset
Brilliant conversation. Thanks to the print team and Mr. Sanghvi.
I think ThePrint should have given a different headline, " India put less money for education, than it put to save AIR INDIA, or bail out public sector banks."
Business mindset is only present in some parts of India like in the west and south. The north and east are still in a strong concoction of feudalism and socialism which leads to aspirations on government jobs and UPSC exam
If the tax devolution is probably about 36-38%. Even considering some direct state revenues, it’s a bit hard to believe states spend more than union.
And the money spent by states are also tied to union govt schemes.
So, it’s a long way to go before more decentralization to state level. The decentralization to cities will happen by gravity shortly after
Decentralization to cities would only happen if union government forces the states, which would require a constitutional amendment.
In last 10 years, many projects have got delayed, because Govt corruption is rampant, while private businesses are facing harassment & extortion from Govt agencies. As a result, any economic progress, like in IT is often accidental, & not due to Govt. Despite government efforts to promote manufacturing, India's manufacturing sector has declined. The high cost of production is due to inflation, which has made India less competitive. We don't need to become a Police state, coz corruption is hidden in that system. However, we need accountability, instead of using cbi,ed to go after political opponents.
Shouldn't the main focus be directed towards the causes behind union Govt failure in effectively implementing & executing projects? Why has this Govt not been able to match the urbanization created by the Govt in Asian tiger economies/democracies? Indian students & parents are very worried about exam paper leaks, ruining Indian youth's hard work & future. Meanwhile, our current leaders are expert in running away from taking any responsibility for anything & only appears for the cameras, when it's time to take credit.
Our latest infrastructure, often fails within months. In India, when you have connections with politicians, corrupt people commit crimes, without fear of consequences. What is use of GDP when billboard falling on people, train crashes killing innocent passengers, airport falling & killing, Agniveers & female wrestlers are crying, & paper leak spoiling youth future, while blaming everything on late PM Nehru? Pak was unlucky that Jinnah died so early & there was no leader to nuture their new nation.
These days many Indians are illegally seeking jobs abroad, & there is a growing trend of people returning to farming due to lack of opportunities. Food inflation is high, & the cost of living is increasing. G0di media is supporting beating students & farmers peaceful protests. Indian youth go to live in west, coz they know that most western countries like US value free thinking (which creates innovations). According to Union Govt United District Information System for Education UDISE reports, more than 60,000+ Govt schools have closed in India.
Very insightful and to the point dialogue !! Keep it at " ThePrint" !!
Good interview and excellent moderator!
Thanks for interview, very insighful.
China never listened to the IMF. It has not privatized. It promoted exports by forcing foreign companies to export most of their production. It distributed power by creating town and municipal industries giving them power to give license to the foreign companies without privatisation. It kept its public sector industries in tact.
India listened to the IMF, as a result it has stagnated. As a result we have extreme inequality. Unemployment became the rule.
Hi, can you pls have Karthik Muralidharan also on this. Thanks
Very insightful. Thank you!
Amazing Insights hats off with such a polished and flawless dialogue
Thanks for doing this discussion, i love his narration and arguments.
Great conversation
We want China-like "Economic Growth", But we don't want One Party Goivt setting long term Policies and Goals for next 50 years.
We want China's Long-term "Stable Governance" model but we don't want Illegal Immgitants and Troublemakers to be sent to re-education camps or incarceration centres.
We want China's Rapid Progess and Development, but we still want the right to Protest, Block roads and Stop Govt from passing improtant Laws like Farm reforms.
lol.. most idiots here will not understand your point.
he said : India can see. He did not tell you what India can't see. you see some thing he can not see.
Good discussion.
Really knowledgeable and great interview
Very quality interaction
Really engaging content and discussion. 😊
Sir
Have Economist - Dr Arun Kumar and todays guest on the same show to firther understand nuances in depth... Thanks
Interesting, thoughtful and different. Don’t agree on all points with Manish, but those are very few. Education, skills and education institutes and industry/business interface, lower regulation, infrastructure and availability of cheap capital are the key to better future.
Audio quality sometimes in this video is very poor
Audio really low on all print videos. Cant hear even at full volume
True that. Print may please take note. Lest they need subscription and payment for that too
Why does India always like to talk about "successful as China", "Shanghai in India" or "building India`s Hong Kong" ... India should find its own way of development. Copying another country's model would never help to catch up with that country. China hardly talk about "as successful as India", or "as democratic as India" - as a matter of fact, Chinese media hardly mention India apart from the border frictions.
Because for China, USA is the benchmark not India
We need more such discussions. More elaborate and explanatory. All students -aspirants of UPSC must watch it 😊
patchy audio...
This guy knows nothing. When Rahul Gandhi becomes prime minister he will give 1L rupees to everyone. He will fix the problem of poverty in one day.
Safety net shouldn't become a hammock. Love it!
Lol
When and where was the Democracy ever sacrificed?
Like what is your version of Democracy
Opposition is a must in a democracy. These are the warnings, which if we see in India, are signs that India is turning into a regime state:
1. Tell that the citizens powers are being taken by this 'other' smaller group of people in the country.
2. Disdain for the importance of human rights.
3. Inciting “spontaneous” mob to act against their identified enemies.
4. A disproportionate share of national resources is allocated to the military, even when domestic needs are acute.
5. Rampant sexism & treat women as second-class citizens. They are anti-abortion & intolerant of homosexuality, which are codified into laws that enjoy strong support by the religious, lending cover for the laws.
6. The liberal media are under strict control, by labelling them as unpatriotic or by implied threats to the owners of the private media
7. Obsession with national security & their actions are justified under the rubric of “security”.
8. A perception is manufactured to kept up the illusion that the party members are defenders of the faith & opponents of being “godless”
9. Power of corporations is protected to ensure a continued mutuality of interests
10. The poor, that forms the underclass, is considered akin to a vice
11. Suppression of artists & academicians who are called high-society club "elites". To fascists, art & literature should serve the national interest, or they have no right to exist.
12. Fear of criminals & national traitors, are promoted as an excuse to give more unchecked power to the police, leading to rampant abuse. Obsession with draconian systems of punishment with huge prison populations.
13. Those in business circles & close to the power elite often use their position to enrich themselves.
14. They are also obsessed about deep-secret global plan that is against them.
A brilliant guy! More of these type of people and less of the ideologues (read Raghuram Rajan types)
Simple solution that needs to be addressed is the population growth!! In dia does NOT have resources to support 1.4 Billion people!! Any kind of analysis will not solve the problem - why NOT address this over population!!
Don't know what UA-cam recommends me these vids for. 6 minutes in and I have no clue what the corporate peacocks message is. Just Random facts anyone who reads a newspaper daily is familiar with and adding "right?" at the end of every sentence smh. Nothing to see here other than set decorator had budget to buy angel wings.
we dont want china like industry. Just like we cant have american type of capitalism. Solutions which work for China and West will not work for India. You can force it on India by modifying solutions according to indian conditions but they will never work for most parts of country. We need Indian minds who live in India, who have experienced indian problems first hand. We need indian experts whose knowledge of country doesnt come exclusively from books. For example, our most economists are US educated or UK or similar countries. They try economic models based on western economic policies to form policies and solve problems in India. Its roughly the same as replacing the word 'USA' with 'India' in a report and calling it an indigenous solution.
Firstly India needs to discard its tax laws to invite investments in capital sector. The bureaucracy has an iron grip through taxation and that has to change. Irrespective of which ever party governs the land, the bureaucracy creates stumbling block and stifles progress. Discard ED and Income Tax totally.
witrhout adequate investment in education and primary healthcare India wontachieve any success..and this BJPee govt is allergic to improving education/sci/R&D and such..