The Making of New India | Insights by Ridham Desai | WMG Reasonomics
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- Опубліковано 11 вер 2024
- Ridham Desai, MD of Morgan Stanley, India, elucidates interesting perspectives on the 4Ds-Demographics, Deglobalization, Decarbonization, and Digitalization-and how they contribute to India. He emphasises the significant role of 'Data' in shaping the future of Digitised India.
Mr. Desai further explains India's prospects to become the third-largest economy before the end of the decade.
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Ridham Desai is a prominent financial analyst and Managing Director at Morgan Stanley, India. With over two decades of experience in equity research, he provides insightful analyses on Indian markets and economic trends. His insights have been instrumental in shaping investment strategies and understanding India's potential as a global economic powerhouse. WMG Group was honoured to host him at the Reasonomics event.
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Reasonomics is a prestigious event hosting political and corporate leaders as speakers to cover topics on India and the global economy, political landscape, and key world dynamics. These stimulating sessions offer profound insights and encourage discussions on pivotal issues shaping our world today.
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WMG Group is a distinguished leader in managing wealth of 1000+ clients, delivering insurance & risk advisory to 450 corporate clients, fostering a community of 950+ CFOs, and supporting community projects like wildlife conservation and fort restoration.
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#TheMakingofNewIndia #democracy #deglobalization #decarbonisation #digitalization #RidhamDesai #MorganStanley #reasonomics #WMGroup #WMGElite #cfo
Best 45 mins spent in a long time. Information and insights delivered simply ! And the Ayurveda & Vastu Shastra insights made 👌
It is gem of a lecture.There are insects trying to pollute the shinning India but strong insecticide is also ready. Don't worry,we shall overcome.
Inflation rate and price rise are different.... You might have 5% inflation but price rise let's say of petrol From 80 to ₹100....base price
@@SrihariBoregowdaaa😅😅¹😅😅¹¹😅
@@SrihariBoregowda pack your bags and get lost to Iran petrol is 10 rs.
Consequences of developing Infrastructure and reductions in the scams that were eloquent in the past did bring in transformation.. our country did survive for 60 years. But flourished in the last decade. With this direction we are sure to top the world.
Ofcourse with some flaws that are part of the game the main stram is development which is already lauded by the world.
Let's see our cou try soaring g high and lead the World with it's achievements and culture.
Bharath Maatha ki Jai
Vande Mataram
What a brilliant talk,so much learnt from your informative speech, gave so much positivity and Happiness . India is growing really fast.under a great prime minister.Bharat mata ki jai.
It's so informative. Enjoyed and got enlightned while listening to this genius. He has got such an in depth knowledge. And he is a real Indian -- so true to this soil! Thanks so much and God bless Mr Desai.
Genius and inspirational.
"When you borrow money, you spend your future" - pure gold!
fabulous brilliant speech covering all aspects of economy of India. cannot be more complete. thanks Ridham sir.
India marching ahead at a pace one could never imagine.
What an amazing presentation
I hope everyone in india watches this analysis. Its our moment now. And nothing can stop us. 🇮🇳
Q
Amazing . Insightful.
What a lecture...so v impressive...giving confidence & positivity which is understandable to commoners
Data based eloquence 🎉🙏
Very well articulated on the Indian growth story!
Your knowledge is extraordinary
Some idiots won't understand it
Superbly confidence building speech. Lot of insight into ease of future business in Bharat that is Hindusthan in today's nation building. Encompassing judicial reform and mammoth poverty interrelated and lacking. Most ambitious future for this land for good with pioneering capture in modern technologies in all fields of govt undertakings as such we were masters in ancient times than western world !
Dont worry, Congress and AAP will borrow from our future generations and spend
Great way of thinking and communication - very benign and Godly from a person who is as Commercial as Spiritul and rooted in India
Took 4 pages of notes in my journal. That will go long with me for sure. Thanks Ridham for the knowledge sharing and have this clarity and research. No wonder you must be earning in Crores and have a very high networth. I wish you to become a billionaire in coming decade or 2.
how fantastic is this lecture.
His analysis is reflective of the economic lagging indicators and no doubt is in the upswing...the fruits of hard work put in by PM the past decade.the national highways will be the engine for growth
Should be good if transparent, competent people like him can contribute to nation building
In last decade ladies got more respect is true. also ratio male female, education of girls is priority for parents
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@@bipinchheda7375🎉🎉
Very enlightening, very clear, very convincingly supported by factual data and over and above very interesting
Ridham is simply too good 👌 Very well read, erudite and highly articulate 👍
Can listen to this man again and again 😊
A lot more good will happen, if corruption at lower levels of bureaucracy is reduced(middle class is the worst affected) and if the ever-tardy judiciary improves upon its real duties instead of indulging in judicial overreach.
Acchi achhi batein suno aur khush raho.. he has said several good things , no doubt.
Per capita is changing he said. It's changed at the rate of below 3% p.a. for the last 10 years. In other words, the bottom 50% are becoming poorer in real terms. Another indicator is the gini index which has moved from 32.5 to 37.6.. richer becoming richer.. so we are all happy.. sadne go gareebon ko. Mujhe kya ?
This is what you binge watch when you are very hopeful for the economic prospects of India. One podcast after the other.
Hit the nail on the head - bureaucratic and judicial capacity.
This observation is absolutely worrisome unpleasant truth. Beauraucratic n Judicial Reforms are the need of the hour. However, some Ray of hope, can be expected from new IPC N CPC.... EVIDENCE BILL etc to replace old laws. Curtailment on adjournments is most welcome proposal much needed since long long time. Better late than never. 😊
One of the Best Speech.... Address....
Outstanding lecture.
Fantastic speech. Why we need to look inward to do more good outward ! Respects and hope to meet you in person.
Fine talk. He spoke mostly of global tailwinds favouring India's progress, but not much about headwinds which can rein in this prospective growth. I foresee social unrest within India (mostly fueled by political parities) also arresting if not entirely derailing India's economic progress over the next couple of decades.
Awesome session. Loved the mix of ancient & modern
Sir always focused on Indian thinkers and our spiritual factors, ancient educational system. Western countries always depends on us. We are superior then them. Proud to be an indian🇮🇳. Thanks sir.
Mr Desai, How many and which parts of India have U visited and stayed in those interior parts of India?
Forget Mumbai,Delhi,Kolkata the Tier 1 Cities!
Absurd Q
A brilliant speech.
Excellent analysis
Overwhelming presentation. We are all Indebted to the vision and promise of Modiji to regain the position Bharat held centuries ago. Jai Hind 🙏
शानदार प्रस्तुति, धन्यवाद देसाई जी
So enriching and so informative..thanks so much for the insight and confidence building.
It was a fascinating experience to hear him
Hope Raghuram rajan was in the audience
As Indians we shouldn’t give them too much value they had fooled many countries, they had major role in multiple recessions.
Persons of your stature are doing National service with these details.
Very useful information what we are today. Wonderful presentation on gender comparison and its status. India also needs one uniform standard of education across the country and should have local language teaching upto upper primary school and with three language formula apart from physical and moral periods upto 10th standard. Mandatory for military training through NCC. Another 10 years period is crucial phase where corruption should be dealt mercilessly. Thanks for the spirited speech.
Great Presentation 👏
I stopped after his gyan about vastu about bedroom because that choice is available to chosen few like sadguru and CEO of India, majority of people in India sleep wherever they can get space to lie down
This is quite true too. No one bothers such vastu issues as they have to feed their family n is their priority 😊
Fantastic
Mr. Modi should implement the administrative reforms, and bring in labour reforms including democratization of the labour unions.
Now, GST can be considered a yardstick of growth which is visible and tangible.
Absolutely it's a reliable yardstick to measure compare growth of economy. 😊
There is HOPE FOR INDIA
Good informative lecture
I can’t believe I met this gentleman today . My luck . He is the most humble, kind with intelligent ❤️🔥🥵😍
That was very wonderful and great details
You should work in SBI and enrich it.
How eloquent n factual speech?
Very articulated. One issue that disagree is US 401K there is a massive skew between top 5% vs. 95% population. There is massive decline in middle class. So the 401k is not great plan for the majority. There needs to be better new thinking how to get saving to invest in building the nation.
Only Modi for 2024❤
Y.L.
Very good election speech
No wonder vote can be accumulated when you get freebies. Please note Less than 10% of India pays tax, remaining you connect the dots.its up to you where your generation wants to stand in future.
Money grows on trees. Just pluck it and enjoy
My response to the sender after listening it is below.
Listened fully which itself makes it a good presentation.
1. He is Bullish on India and we all know the points he presented already. Demography, geopolitics, consumption culture, available credit, people want to work and make money. So nothing new or authentic.
2. He is only comparing in a small world of India US and China which is very myopic view. Probably because of Dollar denomination of world trade , India and China due to population.
3. He is not taking into account threats to this Indian growth story, external and internal.
4. Seems his story is all about underlying equity markets but doesn't talk about private or micro equity opportunities
5. He is not addressing That trade will falter unless there is outside consumption of our products due to aging issue that he himself presents.
6. He is right about western food, energy and mindset of messaging that others are not good
7. Our population will start to decline in 2 decades and not of century.
Overall very positive and really well delivered but lacking some additional clarity and data He needs to add in.👍
When he said "His Holiness" Sadhguru ji - I lost.
This guy doesn't understand India.
Looks from a western eye.
He refers to folks like you guys who have a colonial mindset who think ancient hindu culture of sanatana dharma was a myth😅
@@bambu3954 baba, I don't have colonial mindset.
I suggest you re-read my comment.
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When the bankers say things are great, protect your money from these sharks 🦈
Pessimism
Jai ho
Though he dint quote the data but as per him we are doing fantastic in raising per capita income which is factually incorrect. The per capita income demonstrated (as per world bank data) for India was growing at CAGR of 15.87% from 2004 to 2014, but it has reduced to 6% from 2014 to 2022. It's worth noting that some data presented lacks specific numbers in his presentation, relying more on emotions and a perceived obligation to favor the current ruling party. Similar concerns arise regarding RBI autonomy and the correlation between infrastructure investment and job creation. Despite a notable surge in investment, the expected proportional job creation hasn't materialized. Economists should feel empowered to express their perspectives openly and fearlessly
So GDP increased 1.8 trillion to 3.7 trillion on its own with no growth? Read what GST ,IBC(reducing NPAs), RERA Act did.
Ur pappu is not coming back
You forgot about population lol.
This guy is a bhakt
That makes you a ?????😢
If productivity was rising, why gdp growth rates fell continuously from 2015 till 2020. Abd whatever growth now is due to low base and recovery post COVID
Population
Today also these middle man take money from bank account. If not convinced by me do secret operation in any village of Uttar pradesh
The best economic growth including the equity markets was from 2004 to 2014... I hope people check data on their own.....
It will accelerate further n faster sirji
And that was because of the hardwork and reforms of the Narasimha Rao govt and Vajpayee govt . The grown rate crashed by 2012 after the lifeblood was sucked out. It has taken this much time to sort it out
why UPA 2 had low growth, 12% inflation, high fiscal deficit.
PM vajpayee reforms benefited Upa1. Anything to say?
Lol.. What nonsense I pity the younger colleagues he mentioned who have to listen to his bs masquerading as science.
Good knowledge
But questions is despite he knows Hindi well but lecturing in foreign language, any one can highlight the reason ?
So we southies can understand.
Irrelavant, courts too work in English boss....😊
Can you please explain why in Cities there's no place for middle class lower class to stay, they are being pushed out, and travel hours everyday to work place? Ridham Desai of this world may not know this, so I invite him to travel in local train from Borivali or Thane to Mumbai and then suggest solution for the hell that people go through twice a day every day
Has he declared himself to be magician with wonder stick ? He has just analysed the facts n figures. Unprecedented urbanisation is the main culprit.
I request everybody to bring bjp back in 2024. The opposition will absolutely destoy the nation if it comes to power. India cant afford mahathagbandhan anymore. Its phenomenal growth will be derailed
I have high regard for Ridham, but at time 7:45 when he says "despite covid we have witnessed a dramatic decline in poverty" and I closed the video- not worth listenin. I guess he is the head of a company operating in India and scared to tell the truth....rich have only gotten richer and the poor are worse off. Feel sorry for him and the state of the country......people are scared to criticize the Govt.......
Ridham: ......a word of advice from a friend: Avoid such public utterances where u are forced to say things u dont like. I know u hv a Job at Morgan Stanley......
@surajsingh2334 good for you, stay where you are😅
Pppl who want to work are likely to ve richer, but those interested in govt jobs, election time freebies are surely to be at same economic status. 😊
What he mentions is true. This India is not socialist anymore. Middle classes have been increasing and the poverty has reduced significantly. You can verify the numbers from any organisation from RBI to OECD. Spending has been increasing dramatically with credit growth but controlled inflation which makes this country poised for more growth. The S&P , has changed its rating of India from stable to positive this year, and the growth rates touching 6-7 percent as per RBI. Uncle ji, open your eyes and read reports and data first.
Dear AI (ChatGPT...)
Please serve transcripts also in abridged forms!
Make a precis of this talk, please:
33% of the duration/length. Alright?
Triveni sangam is good.
1)India I thought was in the Southern Hemisphere 2)as per census only 2 segments of the population are at 2.4 times fertility but most states including UP are broadly coming down 3)like any other asset class Gold also is an asset. It comes into action when systems are chaotic. With World by his own words is chaotic that also would be having it's own place 4)Instead of cheap labour for which China gave for 40 years and single child population has led it to it's current reduction in population the PM in his speech in US seems to have said that India is ready to be an addl supply chain but not for cheap labour 5)Bankers will be bankers. The rosy picture in the earlier avtar shown in 2010 etc need to. Be remembered😂
You are wrong..India is in Northern hemisphere..
Lot of English with no substance!
We need Modi for 2024
Ridam seems to be looking for political assignment 😊
Should be good if transparent, competent people can contribute nation building
With facts and data right?
I think gravity and relativity are crap concepts, we must look for indian solutions by sages on these concepts
Taxes should go down bhai to create wealth
India does have an inflation problem.
Inflation and Growth has to go hand in hand. Inflation is a by-product of the later. You have to choose whether you want growth or stifle inflation. The west has had a very low inflation rate over past several decades, that's primarily because the GDP growth was very low at the same time. India's acceptable inflation level has been benchmarked at 4%, anything above that becomes a concern.
Which is better than deflation 😊
@@abhijitgupta9031 Deflation means falling prices. People will buy more or more people will buy stuff if prices fall. Don't people buy more stuff when there is a sale of 20 or 40%.
@@sanjeevcmail inflation is a by product of reckless money printing. Growth may or may not happen due to reckless money printing. More money chasing a limited amount of goods and services causes inflation.
@@nihalmohandas8788 Partly true. What you are talking about is monetary inflation. There are other kinds of inflation like cost-push and demand pull inflation. These occur due to factors like monsoons, crude oil prices, geopolitics , natural disasters, policy making etc. Reckless money printing doesn't happen in India. You should read the RBI reports on its website which they deliver after every MPC. It will help you understand that India is not a country of greedy fcks like in the US who do quantitative easing for everything. And also ,there are litigations in India that constricts the RBI from printing money .
I borrowed present speakers sentence only.
I I cannot 400 millions and hes talks about 10 years.
Parenting or why and what we can do for the present probem 400 million ( he said)
And i am worried
Only interested in ....
N not 400 millions???
No ideas for 400??
They should start or dreaming only after 10 years.
Please think of 1 day 1 month 1 year 2 year .
Then 10 years.😈😈😈🙏🙏🙏🙏
Inflation Down ??? Ridham Ji pls go to market & purchase something?? Government making public fool by manipulating inflation number
your idea of inflation? You realise the same rice you buy in Punjab is not sold at the same rate in Kerala right?
Pappu भक्त must see in full।
He such a ignorant of Indian history , and trauma of mass genocide and its effect on people.
#MODI2024
Increase in share market is only done by satte baz!
Hunger index is higher in India so only businessmen are benefited
Have u ever gone to adivasis area what a miserable conditions they stay and grow!
The government school in Maharashtra May be privatised instead of making good quality education will make very costly education for poor! He should concentrate on education system and Joe free education can be given to all sa said by M J Phule and Savitri bai Phule 🙏
Brown David Lee Shirley Anderson Richard
Strange the liberals paint such a different picture...talk about polarization in economics 😮
And it is not contradictable
1. What is source of your data about infant mortality and female child killing as census was scheduled in 2021 which is neither conducted nor planned in near future.
2. Your boasting about infant mortality reduction does not match with continuous lowering position of India in terms of HDI index.
3. India is facing extreme inflation in food items which is evident with necessity of any data.
4. Responsibility of maintaining inflation is among basic Responsibilities of RBI also by FRBM Act 2003 so I think this is not any new concept by modiji.
5. Direct transfer and AADHAR is concept of UPA so you need not to count this on modiji part.
6. Why didn't you mention notebandi in your reforms was it a failure?
7. You talked about colonial mind set, going against NATO and liberating Goa despite all efforts by America and entire west, was it colonial mind set ? Accession of independent country Sikkim, was it a colonial mindset ?, Dissecting Pakistan, reverting Coup in Mali was all that colonial mindset?
8. Why are you scared of taking questions just like modiji and u just want to make your man ki baat.
Lot has been done but much more is still to be attended to. Poverty alleviation leaves scope of focusing upon. People getting attracted to freebies is now a ploy to win elections but it needs to be researched why people are not shunning such moves. International acclaim makes us proud but somewhat less attention to grassroots does not. There seems to be a little mismatch.
To avoid inane questions from genius' and liberals like you😅😅
1. Based on UN data 2. The UN dramatically reduced life expectancy during COVID without justification, they have been challenged and haven't responded 3. Inflation is high everywhere including developed countries, in India a lot of it is seasonal too and still lesser than developed countries. This has never happened before (India having lower inflation than the West) 5. They talked about it but never actually rolled it out. Like VP Singh who as Rajiv Gandhis Finance Minister in the 80s talked about GST but didn't roll it out. Lots of missed opportunities in our history
Nothing to do with modi
400 million ??? people worried about dinner???
What is he talking???
400 million people in 2023 ??
Totally confused from his presentation or facts n figures.
Sorry 400 million ???
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😈😇
He always says India progressed only in the last 10 years, as if nothing was happening before that, all the big companies are much older than 10yrs. Like TCS, Titan, Infosys, Reliance and many more, its ok to be happy of the country's progress but saying we progressed only in the last 10 years is naive and immature.
I see lot of jealousy here .. I disagree… see next 10 years
He is a andh bhakt😂
He is more focused towards social transformation.. not private business transformation.. tcs of titan can’t solve poverty problem..
The speed has accelerated much faster in last 10 yrs else indiawas moving at snails pace
@@meetumalik6746 that's what they told you 😄
Sounds like Modi bhakt! Election season is upon us 😂
Lol.. even if he does.. u must counter with facts and not just a laughing emoji… don’t be like Rahul Gandhi.. speaking anything and everything without any basis or facts or truth
@@kushagragupta8261 so all the development has only happened in last 10 years! Is that a fact?! GST, Adhar, privatisation all of these reforms were kicked off prior to 2014. These are facts. BJP walas take credit for all the foundational work done before. They are like project managers who take all the credit for what the team has done. 😂
India doesn't have much inflation??!! Go out and buy some veggies and groceties, then talk.
Sab fekooo... No income increment for middle class & taxes just increasing... Chato Bhai chato
Another gobarbhakt
this guys r kitaabi kidaas.......they r no whr near ground reality.......
Yeah thats why he is MD of Morgan Stanley (it hires kitaabi kidaas so it goes down like your life)
@@aadityarajmohta4013 haha savage
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