How India Can Win China's Growth Crown
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- Опубліковано 19 тра 2024
- China’s economy is slowing and India is vying to take its place as the world’s biggest driver of growth. But the path is filled with obstacles. What does India need to fix before it can take China’s crown? Read the full story: trib.al/Ubb7SZX
Chapters
00:00 Introduction
00:51 Economic openings
3:06 Manufacturing
3:38 Urbanization
4:27 Workforce
5:46 Infrastructure
6:26 Challenges ahead
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So why are a lot of Indian citizens running towards the west? My cousin's class mates proposed him on the day of graduation and she doesn't want to go bac to India... She also sounded desperate...
I doubt it. I worked with Indians and I know their work ethics and handling money, stark difference vs the Chinese. Chinese people are like Japanese workers, only that they are 1.4 Billion strong. If India's GDP going to beat China is to have a real estate and infrastructure bubble in India while China fixes/deflates real estate.
There's a saying that while us Indians talk, the Chinese take action and do. Hopefully this will change under a centralised and one party state run by BJP and Modi ji.
It is funny that the USA has transfered so much technology to China to make the modern and dangerous China. It is more funny that USA is going to help India via technology transfer to become the superpower that we were always meant to become and then everything will be on Bharat's terms. This is the Asian Century! India and China will then dominate the rest, I wonder if USA can manage 2 new superpowers haha
Figure from India is all fake ,trust me
Dear Bloomberg Please change clipings of India of Today. Don't use 40 years old clipings. It shows your perception of India.
Do get it right first.
Everything is fake. Fake gdp from India
To be honest most of India still looks like this, it's better to accept we are behind than cherry pick the data and feel happy about it similar to an ostrich with its head in the ground
They got no more latest information to provide so can only give outdated information. 😂
Nahi karega 😢
How can they feel superior then ???? 😅
Footage showed are about 8-10 years old in these video
Maybe it's Kolkata or Delhi area ( including 2 poorest states UP, Bihar) that people think is like the entire India.
Yellow Tint, slums and dirt when talking about the economy is how the west justifies its imperialism.
It's current
@@Dr.Kay_R poorest up. 😂
@@jacksmith-mu3eeit's more old than 12 yrs. At least. Who knows more you or native indians?
Why the clips are of 20 years old?
Because they think that’s how India still looks 🙄
What else do you expect from them?
I don't think there are 50 inch oled screens in 2000s
😂😂😂 stereotypes Westerner
@@pinochioo5678 The footage about China in the video is at least thirty years old. . .
Britain killed 4 million Indians in Bengal in 1943 by imposing a famine
Britain reaction: Really... mmm... wait a minute... Lets talk about China.
Britain problem solved easily.
40 million Indian in 200 years of British rule were killed
And how many chinese were killed by Japan----> 20 million least count!
@@nmew6926I mean China did spread covid all over the world so I’m with the Bri’ish on this one😎
Churchill is respected in Britain. Shameless
How India Can Win China's Growth Crown < translate into "the U.S want a strong India to weak China".
We don't care. US and China should sort their problems. If we get benefits because of this, we will gladly take it. China should stop threatening neighbours.
after that US will deal with India using colour revolution or regime change
@@hink0027😂😂👍👍 exactly
How India Can Win America's Growth Crown
🇮🇳 LOL...India depending on the US UK EU if help when these countries can't even fix their major issues at home! plus, add India corruption, poor infrastructure, crime, ....its a lose-lose situation!
I think most of western media house is really missing to understand...India is not comparing itself against China or any other country. Rather, its self focused...Its really want to improve years on year, its own version 😊
The West is focused on China because they are competition. They couldn't conquer China. Trust me, India will be next just as it was previously targeted by the West. Once Indian companies become enough competition for US ones, trade war, sanctions, bombs.
But businessman always compare
Indian media always talks about China
China never talks about India
Well said
Western propaganda is at work because they see china as a peer and aggressive competitor so they want to divide India China relationship as the way to deter china economic growth to maintain the Western dominance (divide and rule) and when they are done with India may be , they will move to Nigeria or Indonesia whichever country will be More populous by then .
India compares everything with china, while copies everything.
Desperation can be seen from the old archived footages that are shown
Old Delhi is the favourite of these yt channels, they show India like African countries
The desperation is seen when indian pm is jumping into everyone arms while everyone just behaves normally
Hunchin min tin , eant bant go invent COVID xinease bot.@@JonySmith-bb4gx
@@JonySmith-bb4gxbot working hard
@@Vinay_311 pajeed crying hard
All superpower nations in this world will be congratulated by US with countless sanctions, if India yet to receive one, mean it is still not up to that standard. Simple as that.
as an Indian I have to agree to that. As India keeps growing, Eventually the US is gonna try to put the brakes on another rising power, and India will have to work its way around by being capable enough to be self sufficient.
Eruopeans, Japanese, south Koreans are rich and they haven't got any sanctions imposed by usa
Japanese growth was stalled by the US at the Plaza Accord
@@nobody4u77They’re US colonies. I’m not gonna go into more details.
@@nobody4u77all are US lapdogs. Japan already signed the Plaza accord surrendering their economic growth 😅😅
really happy to see so many indian friends realized what western medias want to do.
"An economy awakes: Slowly but steadily, India will overtake China"
- New York Times on May 7, 2004
Thats just western propaganda, dont believe those just look at economic indicators. India has far more sanitation, public transport and projects under construction than in 2004, we may not overtake China but we could share the same story as you just 20-30 years later.
Now its 2024 so did it??no of course, slowly means 500 years time slow??
@@mna7308 no it means around 80 years.
@@atharvatar too much talk only from india, no action
@@mna7308 wdym no action, 8% growth is not for show dude. China and India both were civilizational nations that have existed for thousands of years.
We have noticed many ups and downs, i am hopeful that the way things are happening now India and China will again leave europe behind.
Industries India can build for her own people :
1.Aircraft ( defense and commercial)
2.Server Infrastructure including Chips
3.Lithium Battery
4.Heavy Machinary
Also scope for New Sports , FilmIndustries
Shipping Industry needs a major boost
First learn sanitation
@@JonySmith-bb4gxare you living in 1980?
Keep dreaming
Dream !
The biggest investment need and opportunity in India is setting up elite universities and train young and hungry talent and lower costs than west. Create high quality assets!
But who will stay in India if they don't get enough money? And now in this war, finding jobs is more difficult
@@plusultra7258 there will be an inflection point after a while. For PPP, and how cheaply you can get all services in personal life here, the ground to make is basically public infra. Once it changes you will see a lot of Indians staying, just like a lot of highly talented Chinese stay back in China now
India had the biggest centers of learning in the ancient world. People would come from all over the continent to learn in universities like Takshashila
yes but you need to live in present, so keep the streets clean pajjeet@@XxXenosxX
@@XxXenosxX maybe neighbouring countries, let's not get ahead of ourselves ok?
According to Kungfu Panda movies, tiger has no chance winning against panda? 😅😅😅
😂😂😂
Bollywood movies are fine.
nice one. funny but true.
@@zodiacfml well it's a pure joke. I am not saying India economy cant beat china. Only time will tell
Only in movies tho... in real life panda will be shreaded to peices 😂
Did you guys notice that all the talk is about "rate" but the reality is, China is 6 times bigger than India in term of GDP. So China's 5% growth DWARF the 7% growth in India by a huge margin. So China's absolute size will continue eclipsing that of India for DECADES to come. And within 20 years, AI Robotics will render any human population advantage irrelevant in manufacturing production.
one thing you forget, USA has almost outsourced all their AI research department in india with both AMD and NVIDIA annoucing they will have their biggest data and research centers there. It's the only country that has that advantage. that's a massive win
Bruda Chinese are getting old as well as wealthy.. which means slowly slowly they can't find cheap labour .. this is the real reason why companies looking for other nations
This Western world can't say clearly they need cheap labour due to their hypocrisy of Equality.
Growth means investment. If growth is less then nobody wants to invest.
USA already way behind China in AI
@@user-br1xp7mu6i That's because labor costs in India are cheap ... Just like how many international companies outsourced their manufacturing in China in the 90s and early 20s and now they need to move the plants to other cheaper labor costs countries. If India tries to develop its own high tech and U.S sees there's potential of surpassing their companies or affecting their interests, you will then see what the U.S govt would do to India, same thing happening in China today....
I am a pro-India, but honestly to say, China is 50 Years ahead of India, I am an importer of products from China to Europe and really to say the Chinese are unbeatable doing business with them, India needs to learn from them doing things, India needs to invest heavily in higher education system.
Not 50 years...if the current growth 📈 is maintained it might take 25 years max
In my opinion, as an Indian, it is evident that we have a significant journey ahead of us. China's progress is largely attributed to its people, while in India, the responsibility lies more with the government. For India to progress like China, its citizens need to take the ownership and actively contribute. A successful nation cannot be built solely by the government; the willingness of the people is equally important. The notion of India having an inferiority complex in comparison to China is unfounded. India acknowledges China's achievements, albeit not necessarily the methods employed. Despite this, I remain optimistic. If the youth of India step up, prioritize their country over personal gains abroad, and dedicate the next 50 years to hard work, India will undoubtedly see improvement. The goal should not be to outdo China, but rather to focus on building a better India.
Most of Indian will not agree with you on it . They think they will be no. 1 in the coming 1-2 decades.
We could have a higher rate of growth than China but China is already very far ahead so it would take a lot of time to catch up and that's assuming that China will never experience some decent pace of growth again.
So India has VERY long to go.
Not very long way but super long way unless it can solve its internal problems (corruption, irregular investment atmosphere, sectarian violence, racial religious violence etc) to attract more foreign investors.
India's formula for becoming a superpower:
Bragging + empty promises + truth denying + finding faults in more successful countries + religious fanaticism + delusion + trying to get foreign validation = superpower
@@markc6140 usa or china don't have these problem 😢 every country have problems but yeah India need to grow from it
India is comparing itself with China every day, and now the Americans are also comparing itself with China every day, so why is the United States jealous of China?
@@GovtExamPrepHub 先把印度从沃达丰 中国小米 oppo vivo 上汽偷的钱还回来，否则没人愿意投资印度，你猜没有美国政府压着苹果，苹果会愿意去印度建厂？🤣
Showing Indian economy growing
Started showing 12 year old video
India going to be a 4 trillion economy soon isn't there a single 10+ floor apartment
what can you expect from bloomberg ?
but also why didn't you build proper sewage, roads & parking lots BEFORE the buildings? so much lack of common sense @@aashutoshmishra20
Why are you so insecure?
@@vsznry because we didn't had the money , as simple as that .
Majority of urban areas in India are trash.
That entire section on workforce was a contradiction. You point out China's workforce is aging and they've got their women working jobs then you praise India's younger population while criticising their lack of women in the workforce, while recommending putting them to work to raise GDP.
You can't have your cake and eat it too, either you put the female population into the labour force and see an immediate rise in GDP followed by slow population and economic decline or you leave them out of the workforce and higher education and maintain birth rates. How many times does this lesson need to be learned?
It's not a contradiction if we dont know the true cause for declining fertility (it may well be urbanisation, not education or work hours, or maybe its simply economic) nor do we know if it can be fixed while maintaining current levels of urbanisation, education and work hours.
It’s going to be an AI future
China leads in AI and has 12 times the automation over the USA already
@@DW-op7ly china does not lead in Ai??? All the big Ai startups are American, along with Nvidia who are powering the startups
more and more women will join the workforce, idk why people think u can't work and have kids
most women I know have had full time jobs since their 20s and 2 kids
balance is key - a real lesson needs to be learnt from Japan and SK and how they pushed their people towards extinction instead of China
You tell me AI will ultimately become about data
Chinese are already willingly giving up their data
Will Americans do the same
Just because Americans have Chat GTP and the best AI tech coming to their shores, Americans they think they are in the lead
How many of the rest of the foreign talent below
is from India
How many of these Americans below are recent Chinese or Indian Immigrants
👇
In tech rivalry with the US, China is behind on a key asset: Its own OpenAI
China does have the tech talent to make a difference in the AI rivalry in the years ahead.
A new study by think tank Marco Polo, run by the Paulson Institute, shows that the U.S. is home to 60% of top AI institutions, and the U.S. remains by far the leading destination for elite AI talent at 57% of the total, compared with China at 12%.
But the research finds that China leads the U.S. by a few other measures, including being ahead of the U.S. in producing top-tier AI researchers, based on undergraduate degrees, with China at 47% and the U.S. lagging with 18%.
Additionally, among top-tier AI researchers working at U.S. institutions, 38% have China as their country of origin, compared with 37% from the U.S.
New Chinese gen AI market entries can also reach mass adoption quickly. Baidu's ChatGPT competitor, Ernie Bot, released in August 2023, reached 100 million users by the end of the year.
CNBC
lndia is known as the cemetery of foreign firms.
2783 foreign companies shut India operations since 2014.
These include Metro AG, Holcim, Ford, General Motors, Royal Bank of Scotland, Citibank, Harley-Davidson, Huawei, among others.
I can add Walmart, Pohang Iron and Steel, and Vodafong
These newses are fake,paid by Indian govt in advance to the loksabha election.where is CHINA,where is inida.Where is Elephant,where is ant
Don't try to manipulate local markets. . you are given an opportunity to play the market. If you can't win it you are at a loss
Gutter oil wumao 🤢🤢🤢🤢
@@qianxu8368Walmart is in India. By the name of Flipkart. 2nd biggest online retailer. Of course the new name won't work. They bought Flipkart.
Vodafone died because they couldn't compete with better and cheaper Jio and Airtel. But they are still present in the market with the name 'VI'
Pohang steel? Why? We already have a century old Tata Steel.
Huawei died everywhere because of US Ban on chips.
Harley Davidson, GM, died in many nations because of lack of innovation and customisation to local markets. They were designed for USA.
Ford regrets leaving india (3rd biggest car market) and is coming back with better cars designed just for india.
Royal Bank, Citidel.. well, we already have tens of local banks that offer better interest and loans
I'm not saying india is sunshine and rainbows, but companies dying is a dynamic thing. More companies coming = more companies leaving.
India isn't as pathetic as they portray it. Maybe 2 overcrowded poorest states are. That has 30% of population but lives in 1-5th of national income and shame india on the world stage. They have stuff like caste system and tourists go there cuz they have taj mahal
The IMF forecasts India's economic growth to be 6.5% this year and China's to be 4.6%,
but according to IMF 2023, China's GDP was 17.70 trillion, while India's was only 3.73 trillion.
It only takes simple math to figure out that China's economy is still much much bigger than India's.
also, China's 5% is much much bigger than india's 8%. The gap between china and india is not narrowing but widening, which these experts won't tell you.
actually almost every investment bank predicts india will only be a serious competition to china after 2040-50. until then china will be on top definitely, in all likelihood will overpower USA too
@@dravenvea2605 speaking logic? The BJP IT Cell trolls will be angry now
Rupee has suffered yoy deflation for about idk 50 years or so . They also won't tell this part in comparison to Yuan "supported band".
@@kooalabeats5388if the current Chinese slowdown continues further, then the projected takeover as the largest economy is unlikely.
India should focus majorly in ship manufacturing as well ,huge opportunity exists and once in past also Indian shipping industry was very advanced . Places around Mumbai like Dahanu, Diu, Ratnagiri can become hubs so also east coast of India
First start with sanitation 😊
Hubs for what?
@@blueballsbkueballs hubs for ship building and shipping industry
@@JonySmith-bb4gx Sanitize yourself from the face of the earth.
India should focus majorly in ship steel recycle industry
I doubt it. I worked with Indians and I know their work ethics and handling money, stark difference vs the Chinese. Chinese people are like Japanese workers, only that they are 1.4 Billion strong. If India's GDP going to beat China is to have a real estate and infrastructure bubble in India while China fixes/deflates real estate.
😂 Chinese bot spotted
@@aryangautam3377 What he said is true. India infrastructure is nowhere near china
@@aryangautam3377 😂Indian bot spotted
For india to win china growth crown US must give all the USD, support and funds to india and transfer all the tech ip etc etc to india so india can grow and takeover US and china.
@@cuteandfunnyearthlings2863 It is the private sector or US companies who will do these. However, India has big demands from US companies before they can setup in India like how Tesla still don't have a manufacturing plant in India despite years of negotiations.
Easy. Indians just need to talk itself into victory. And China will surrender to the awesomeness of Indian talking.
Well, that was our previous policy, but today's policy is *carrying a Shoes when going to talk with them* very simple, because that's what(language) they only understand !!..
😂😂😂😂❤
When it comes to boasting and big talk, India wins China by large margin
@@Rav01508 agreed .
@Rav01508 Ah we meet again. The OG China praiser and criticizer of India.
Looking back at history, it's clear that financial markets have their patterns. Artur Grandi's book lays out a practical strategy for stabilizing investments and points out promising areas for investment, including cryptocurrencies.
India's infrastructure looks still that of 1950s ,no urban planned cities ,no innovative skills ,etc need to do more.
If they are showing the footage of 90s what you are expecting. If you want to see the present infrastructure you can check on UA-cam. And I'm not saying, India doesn't have a slum but what the western media do, is only showing the slum of india😅.
If u want to see a urban planned city search Navi(New) Mumbai it's a planned city connect to Mumbai City
Western media is still having those 90's footage with them of India , so they are showing that , do u reserch over internet and see recent Indian infrastructure, it's better than Most of the European countries.
@@GoddessFreyaa😂 modi 3.0 and boom. Modi gonna flex India's muscle. 2 terms to eradicate Issue , now growth mode
@@redage9759 Your Pappu is using the Bihar model to conduct the Caste census and make India like Bihar.
Let’s say the projection is correct that by decade end, India’s GDP would be $7T+, China would be close or exceed GDP of US. China will then leave US further behind. Then the competition is not between US and Chia, rather between US and India for the second place. India’s geopolitical advantage that it enjoys now will gradually become geo-competition. Let’s see then.
china is not on pace to exceed the US anymore.
@@jonathanodude6660hm… china has never intended to take down the US but rather being one of the top to make sure it’s citizens enjoy enough wealth. But that may translate to overtaking the US.
@@quyenluong3705 if Chinese citizens each had 1/4 of the wealth that American citizens have, they would have overtaken the US.
@@jonathanodude6660 yea, China is working towards bettering the lives of its citizens.
@icouldntthinkofabettername...China hit 14% in 2007 when China GDP was small
Hinduism has brought great self confidence to Indians. We will rise on our own terms.
I highly doubt India can overtake China. We invested and worked with both Indians and Chinese for the last 2 decades. India is no where close to the level of China's ease of doing business, speed, work ethics, supply chain, work skill, pragmatism, professionalism, teamwork and adaptability. The Chinese have same gung-ho qualities of the Japanese and Koreans. This projection is absolutely ridiculous.
But it's just your personal experience right. Just because you had bad experience doesn't say that ray dalio, IMF, world bank, jp morgan, golman sachs, numerous billionaires, who are all saying this about india, are all wrong.
@@messiuno-cw7vk you only quote American entities. that's why China doesn't compare with India,coz Chinese don't measure themselves with american stuff and counting on the mercy of them. They weather all climates.
But debt trap and terrorism is the main problem which made us isolating with china! We Indians want to unify with china but..😰😰..
@@dansan956 what ? Then why should we trust gdp numbers for china too ? They are all calculated by american entities. Entire world trade is controlled by dollar. By that logic, every assessment of china is wrong then
@@dansan956 what ? Then when all these entities were all saying these about china 20 years ago, why did you guys believed in it ?
Most of the manufacturing that moved out of China went to Vietnam, Mexico, and Thailand. Very few have come to India. We should look into why they didn't come to India and take remedial measures.
Most of those moving out of China are labor-intensive enterprises that cannot complete industrial transformation. Because China’s labor costs are increasing year by year.
alot of these are chinese firms ,moved oversea to bypass the tariff controls
always and endless friendship with beautiful china... from rising power india!
1:30 ‘growing just a bit faster is all it needs to surpass China’. In 2023, China’s economy was $17.52 versus India $3.73 trillion, a gap of $13.79 trillion. With a 5% growth in 2024, China’s economy would be $18.4 trillion, versus 7.2% growth, India’s economy would reach about $4 trillion. The gap would widen to $14.4 trillion, despite India’s larger growth rate. In order to maintain the gap (let alone catching up), India would have to achieve a 23% growth rate every year. Sounds like India would have to ‘grow A LOT faster if it needs to surpass China’ in the next half a century.
its simple statistics , china has peaked on population , and many things . Around 2060 it will be a largest economy
@@Iamdead666 Are you trying to say that population growth in India would propel its GDP growth from 7.2% to 23% this year? In order for India to surpass China, it would have to grow at 23% EVERY YEAR, starting this year. India’s growth rate would have to be bigger than 23% each year, if it doesn’t start this year as the gap in the baseline would widen. At the end of 2023, India economy (baseline) was $3.73 trillion, verses China $17.52. India is staring from a $3.73 trillion economy in 2023 growing at 7.2%. China is starting from $17.52 trillion growing at 5%.
Glad someone has the intelligence to use some basic maths to fact check the claim made here. The kid of growth needed by India would be extremely hard for a country of 14m to achieve, let alone 1.4b.
Once the base of indian economy increases even 7% growth will be look huge like for china now so it's just India has to continue growing at similar pace but Chinese projection shows growth will fall to below 4% while majority of global institutions believe that India's growth will remain above 7% with more reforms India can do much better as it's as a young population which can led huge increase in consumptions meanwhile Chinese population will decline and consumptions may fall.
china is not an 18.4 trillion dollar economy.
I think footages in the start of video are 10-12 years old may be the they have taken the footages of poorest state of India so don't blindly believe that whole india is like this
True, One of the street video showed a movie poster for a Bollywood movie "Bullet Raja" which was released exactly 10 years ago in 2013.
@@electrobinsexactly, that's 11 years old footage straight up hypocrisy
Footage from 2023 most probably
@@smallcube-zn2mm nah! The movie posters shown in these clips are from 2012-13
@@smallcube-zn2mm
Bullet Raja was itself released in 2013, what you smoking ?🚬
These old footage reminds me of my childhood.
Playing nes games, going out with friends to play, eating icecream, golgappa
If you want to talk dreams, chat with the Indians.
If you want things done, talk to the Chinese.
then why does the major companies leaving china and shifting to india ?
@@mayanksharma7255 CNN or BBC told U this？
Cry 😂
1. Highest Railway Bridge in Chenab. India
2. Biggest Airport in Asia coming this year in Noida.
3. Biggest Solar Park in world Bhadra
4. India has more Highways than China.
5. Longest double stack Railway Tunnel
6. 200 billion IT Exports.
Where are you based btw, Pakistan or in some Village of China. 😂😂😂
Irony is.... A Chinese bot puts the comment in UA-cam ....but Chinese PPL arent allowed to use UA-cam .... Just CPC things.
The best editing ever done to any video ... I don't understand why i loving this.
Learn something new
It is not how smart one or two are, it's how a people can organise themselves. In China, the saying is always, we organise ourselves to do big things. Countries that prioritise the selves will never understand this principle.
Automation is going to change that.
It is politically correct to belittle China and enlarge india nowadays, it seems… time will tell.😊
lots of indian viewers on youtube. just gotta praise india to get lots of views and likes, even if it's unrealistic.
Lol Chinese bots are everywhere on Social media hiding all the issues of China and insulting India. 🤣🤣
Chinese bot Listen,, China can give Virus 🦠 Covid etc to the World,, But India can provide Vaccine 💉💊 medicine to the World 👈🏻 Now say who is Superpower
To Bloomberg, keep hoping for the impossible; Endia could never catch up, surpass, or replace China. No matter how many lies you keep telling, it is an impossibility.
keep crying
It's possible we believe
I can feel your frustration 😂
At least it hasn't been bailed out by IMF 22 times like one particular country called Katorastan.
印度和巴西是两个看起来很大，但是营商很难的发展中市场，本地市场的环境差到已经无法简单的用法理解释。
不用在这长篇大论了，总结起来就是一句话:米国印度化，印度神仙化。拥有印度这位神仙队友是米国最大的福分，中国很明显是高攀不起的。
Yeah mark your word and wait .
莫迪老仙 法力无边
India No.1! 印度最牛逼
അമേരിക്കയുടെ തണലിൽ ചൈന ഇത്രയും കാലം വളർന്നു ഇപ്പോൾ അവരെ തന്നെ ആക്രമിക്കാനും തോൽപിക്കാനും ശ്രമിക്കുന്നു 😂😂😂.
അതിനാൽ അമേരിക്ക ഇപ്പോൾ ചൈനയെ ഉപേക്ഷിച്ചു ഇന്ത്യയെ സഹായിക്കാൻ ശ്രമിക്കുന്നു. ബ്രിട്ടീഷ് അധിനിവേഷ പാരമ്പര്യം ഉള്ള ഇന്ത്യക്ക് അമേരിക്കയുടെ ഉദ്ദേശം അറിയാം. അതിനാൽ ഇന്ത്യ സ്വന്തം കാലയിൽ നിൽക്കാനും ആരെയും ആവശ്യമില്ലാതെ പിണക്കാനും പോകില്ല പിന്നെ എങ്ങോട്ട് വന്നാൽ വിടുകയും ഇല്ല, ഇപ്പോൾ ചൈനക്ക് ഇന്ത്യയുടെ കൈയിൽ നിന്നെ കിട്ടിയ അടി പോലെ 😁
印度人魔怔了，天天和中国比较，但是印度连一个类似小米手机拼装的品牌都没
India will be the NO.1 country in the world in the near future,congrats from china.❤IN🐶
India is the greatest country in the world, love from Canada,
@@jasonleo6582yes ! India is #1 in curry
The way for India to beat China is to keep dreaming.
India should remember, the moments it becomes number 2, it will find the US a fierce opponent. THe US does not tolerate the emergence of a near peer.
@@jasonleo6582
Do you know the cows are sacred in India & have the licence to defecate anywhere & everywhere? Even inside the temple.
The only criterion for judging whether India's economic rise is whether the United States and the European Union have begun to impose sanctions on India, including industrial economy and finance. If there is no India, it can continue to dream.
EU and US keep on enriching Xina. Does it mean u r backward?
The US may even have learned from its mistake with China, and will take steps to ensure that India will never be able to recreate China's success in escaping the global rule based order.
Go India!
Luv from India ❤❤
India has the third largest group of illegals to US
🇮🇳💝🙏🏻
Analysis should be longer and more in depth rather than just 7 minutes. That being said, i really like Bloomberg originals.thanks
The thing that's Holding back India is "Democracy",Where Every single person in every single slum or Poorly planned area should give a 'Go-Ahead' for Redevelopment, Hence Top-20% is Booming and the remaining 80% is Not so much
Version 1:
It is essential to acknowledge that 20% of individuals are willing to make sacrifices in order to achieve more than what they currently have, while the remaining 80% desire better things without having to give up anything. In India, there is a prevalent tendency to criticize everything. The redevelopment of slums could greatly benefit the country, but politics tends to overshadow such initiatives. Instead of adopting a pro-development and pro-India mindset, the focus often shifts towards supporting political parties. China's success can be attributed to the hard work, quality education, contemporary training, civic awareness, and the collective belief among its people that they are responsible for building a better nation. In contrast, India tends to blame political parties for every issue, rather than taking individual responsibility. The potential for India to reach new heights lies within its people, yet they also serve as a hindrance. Whenever a new project is introduced in India, individuals with limited knowledge tend to raise unfounded concerns without considering the broader impact on the country's future. Living in such an environment can be frustrating, as the democratic system has elevated the opinions of uninformed individuals, thereby impeding the nation's progress.
The problem is that India focus on service industry than manufacturing. Also there's no government support on infrastructure for manufacturing to take off
Cause manufacturing so difficult. Stable politic and less corruption in country
Then, what is make in India?
Not true. Apple is manufacturing nearly 13% of iPhones in India. The number is projected to be 25% in the next 2 years. India is the 2nd largest manufacturer of smartphones in the world. India is the 3rd largest car manufacturer in the world next to China and the US. Tesla will be starting manufacturing in India within the next 3 years. All of this is happening because of the incentive schemes provided by the Indian government for manufacturing.
@@KiriAatam india manufacturing is 1/10 of china, india car production is 1/5 of china, india phone production is 1/7 of china. india steel production is1/8 of china. Most of the phones sold globally is chinese brands.
@@KiriAatam Also visionpro, ipad, imac is not produced in inida, they are produced in china and vietnam. 80% of phones in indian market are chinese brand. Also china is dominating ev and solar panel production globally
First sentence is wrong ,india gonna grow 7.5to8 percent.....
.
.
It shows how much effort you took to make this video.
Depends on which statistics you look at
World Bank says india will grow at 7.5%, according to government at 7.6%.
They don't put effort in the video but could effort in their propaganda of shameing India in whatever way they want.
Agreed . It can't even grow 1
@@priyankatripathi7100 India 8% is china 1%
Its late for India as its over populated and no one if controlling the same. Infrastructure basically non existent. No footpaths, No zebra crossings, No Water, No drianage systems, Everywhere some construction goes on for the sake of corruption, unplanned houses, irregular streets many more.
Uh huh. That in fact is the definition of a developing country.
It's never late however. It would've beenatenif there were no able bodied people to work.
That's back to nature that India is proud of.
Its never late ! Time is over for u but our future gen they will have better tomorrow !fast Growth come with sacrifice
You forgot to mention overpopulated with a younger workforce ! we will figure it out thank you !
India with a larger workforce,
Younger workforce
And lower wages
Averages 90 to 100 billion a year trade deficit with China
Even with diplomatic friction between the two countries
Too many Indians act as if they just got their Independence
I remember as far back in the 1990s there was already talk China was going to crash because India had lower wages and everything was going to move over therr
Modi govt need to push more for jobs, bringing Tesla Apple will not solely create jobs, govt should create an ecosystem for supporting homegrown startups and MSMEs. Bottom-up approach is more efficient I guess.
Bro apple created 1.5 lakh jobs in nearly 3 to 4 years. Like kuch bhi..
Your statement is still true we really need home grown giants to have even more jobs and that's happening. So maybe we are on right track.
We will build they will come.
The idea is when big companies come, small companies follow them behind and a huge ecosystem is created
@@Masky_plays yeah sure they didn't . India best achievements so far
India's Hunger index
2013: 63rd rank
2022: 107th rank
India's Happiness index.
2013: 111th rank
2022: 136th rank
India's press freedom rank
2013:79th
2022: 150the the fourth pillar of worlds largest
democracy is no more
India's unemployment rate
2013:4.9%
2023:7.5%
Unemployment rate never increase in growing
economy.. india is growing only on paper and by
loan
India's Debt
before 2014: ₹55 lakh crore
2023: ₹155 lakh crore
India's GDP from 2004 to 2014:
$709 billion to 2.04 trilion (almost triple)
India's GDP from 2014to 2024:
$2.04 trillion to 3.6 trilion (expected)...not even
double
I don't see how you can talk about India without visiting the country and meeting the people, understanding their mentality. It will not work, the cultural baggage will bring it all down.
How can you say they didn't visited ? India cultural diversity, secular democratic values are it's plus point compared to its neighbours who are either religious based countries or communist dictators.
@@cosmos6873 RSS is secular ?
@@mishmohd
Was partition based on secular principles ? 😂
I never visited india but imo they don´t have the same mentality as the chinese so despite their major size they will play in the second league
@@weird-guy I did, and I don't believe they can progress without healing first.
Thankyou!
India brag too much, do little. India is not even within China’s radar. 😂
hi bloomberg is it alright to use a 5 sec clip from your video ?
High tech has tried moving to India and they gave up early ;)
Gain knowledge, kiddo
what I am observing is not China is more closed for foreign businesses but it's American and its allies are delibrately walking away from China due to afraid of competition with the Chinese companies. Take semiconductor and EV industry for example, it's the American authorities are gearing up its peddal to block China from accessing highly advanced chip marking equipments and in most cases Europeans and Japanese tech cooperates have to follow the trade restrictions issued by American governments or will be facing consequences, which, of course against their own company interests. Another solid industry that Americans are feared of Chinese competition is EV sector, which was even made it clearer by Elon Musk's comments about globale EV industry in which he basically predicting that there will be 9 out of top 10 EV carmakers from China and Tesla will be the only one make it Top 10. That's why we are seeing Americans and Europeans authorities are gearing up its fire on Chinese made EVs and imposing increasingly more and more trade tariffs and trade barriers to protect its domestic carmakers which at the expense of our ordinary consumers increased prices and limited options. What I firmly believe is trade make us all better off, it's the politicians messed up everything. More trade and exchanges among countries promote better understanding of each other, however, that's not what some politicans would like to ses.
Chinese subsidies the F out of their EVs so it just impossible for other companies to compete (similar to artificially keeping their currency low so their exports remain cheaper) which is the main reason why US and all other major countries are about to slap a ban on them.
Also, maybe just maybe don't talk about overthrowing USA as world leader when it is your main trading partner or don't claim territories of all your neighbours if you don't want them to side with USA. Just saying you know
0:17 3.5 Trillion GDP now, and 10% rate for the next 7 years, you are at 6.8 T by 2030. So hard for India to reach 7 T. But hey, over promising is national trait.
Didn't know imf and world Bank are indian
Also thanks for calling indians as liars
But wasn't it China whose data isn't really accepted to be accurate? Who's the liar then?
兄弟 不要过于乐观，能保持每年百分之七八的增长就很不错了，因为你们不像以前的中国，现在的竞争对手太多了，东南亚各国，越南泰国马来西亚印度尼西亚都是跟你们抢份额的，还有中国本身就占据了太多产业份额，你们能拿走多少呢，除非你们能够引领新一轮产业革命，用新技术来实现新增长。你觉得可能性大吗。我觉得可能不大，新一轮产业革命大概率会在中国和美国共同发生，产业大概率就是能源革命和智能化，我觉得已经在发生了，不知不觉间，某一天突然觉得现在和以前不一样了
@@groeningmingrone2868right brother
"India didn't start to liberalize its economy till the 90s and it's been a slow climb since". What did you expect when you liberalize?
It wasn't complete liberalise. Manufacturing and many other things pending
@@bhuvaneshs.k638 Manufacturing depends heavily on infrastructure, not just liberalization.
True. This is the reason India is 20 years or more behind China. Still not there.
Liberalization has been the key to growth in every country in the 20th century, from China to Sweden. And de-liberalization has been the key to the shrinking economies of like South Africa, Venezuela and Argentina.
Bharat should equally distribute growth and population migration across the land geography by funneling the future investments to Tyre 2(coimbatore, Mysore, Trichy, Jarsuguda, Nagpur, Gwalior, Vijayawada, Raipur, Alwar etc) cities which have an exciting operational airport.
My country india is suffering from a dangerous problem, concentration of wealth to 15-20 people, out of total wealth 90 percent of wealth is distributed in 4 percent population and 10 percent is distributed in 90-95 percent of population.
The wealth distribution in most countries is dominated by a small group of people. This is a universal truth, so why focus solely on India? Not all Americans are Jeff Bezos or Elon Musk, nor are all French individuals like Arnault. Likewise, not all Chinese citizens are like Zhong Shanshan. The key to escaping this cycle is to achieve wealth on your own rather than crying on ones who have earned it.
Chinese people are most hardworking and nich people like Indians.
Namaste China 🙏
👍
Love from China, we should be great neighbours!
wumao ccp bots active
Population is not an asset to India unless India have a budget for their education.
That whole money on education thing is a half lie. CA spends insane amounts of money per student and has horrible results. 3rd world countries with students eager to learn and escape poverty can teach students via kerosene lamp and 30 year old textbooks and still come out ahead. The problem is infrastructure to use that knowledge. No fabs = moving to a capital rich country.
@@Tokamak3.1415 that is India problem, nothing happens until you find a way, or simply wait for your colonial masters not only the UK, today will be the collective West plus NATO
@@Tokamak3.1415 How did India, the world's richest landmass on earth in the 18th century relegated to the so called '3rd world' in 2 centuries? It was due to colonisation from the Europeans. They stole in the range of Trillions of USDs and killed millions in India. And, guess what, India's GDP is greater than Britain, and India's Purchasing Power Parity is almost thrice of Britain. India has an advanced space program whereas the UK could not even launch a satellite on its own. India is the fastest growing major economy on the planet today, it was for the last 3 years too. In the next decade, India's GDP is expected to treble. By 3rd world, you mean Switzerland and Singapore too?
@@Tokamak3.1415 1. We cannot rely on an average engineering student to create an exceptional engineering marvel when much of our talent resides outside the country. A generation must be willing to forego higher pay for the betterment of their nation. You may question why someone would do so, and my simple response is that many have already done so. Just look at the exceptional scientists at ISRO or the sacrifices made by our freedom fighters. Without them, we would not be first-class citizens in our own land. Great achievements always demand sacrifices. As a youth, I am prepared to make that sacrifice, but will it be appreciated? Unfortunately, it seems not. Just observe the state of new projects in India, all neglected by the public. People seem to have lost their sense of civic duty and morality. This, in my opinion, should be instilled within families, not just in schools. I cannot expect a 30-year-old to be reminded not to litter, but to dispose of trash properly in a bin.
@@shubhishukla-ut5kv I agree with your sentiment, but that's a problem worldwide. Teenage boys in Japan don't give up their seat for an old man or woman despite the sign on the window that explicitly reminds them to do so. Kids in America who don't bother to say Thank You when something nice is done for them. Kids in Germany who throw away a bag of chips on the street just because they think nobody sees them. Ultimately the ones who want to make the world better will do so without further encouragement. It's the average people who need encouragement. Too often now the emphasis is on fixing the bad kids.
There is only one feadible way to avhieve that: have a drink, and have a dream.
Where can get that video thumbnail? The tiger with tye crown is top notch
Only if we see clean water and toilets provided for the poor while cows are not blocking the trade route, then maybe theres a chance
+1000 social credit
@@Vinay_311 only 1000? if you can do that in India, people will build a temple with your face on it.
Still living in past 😂😂😂
Energy, energy, energy....
There is no doubt that India will become the most powerful country in this century. With the largest population, the smartest young people, a large Indian-American elite, and a respected leader, Modi, India has all the conditions to become a superpower. Respect from China.
before 10-20 years, china growth rate 8-12%, india growth rate is very slow
Chinese growth was accompanied by job growth. India have a jobless growth. With 8% unemployment rate in February and 83% youth unemployment as per ILO. I can never think India can grow without jobs. According to world bank we have missed the chance you use our demographic dividend. Bitter but true
no you are wrong world bank report was for south east asia, majorly Pakistan Bangladesh Sri Lanka etc... the statement wasn't for us. Stop misguiding people
India major employment sector is Service and IT sector, there is slow growth there that's why unemployment data. But there's only 3% unemployement between illiterate candidates
@@adbhutcivil have you read the report yet. You are the one creating mess here
@@amanverma7033No India hasn't until AI singularity there wouldn't be automation in Manufacturing.....
@@TusharChandaliya-vq5np ever heard of devin 😂😂😂😂😂
Im 24 y/o graduate from bhopal still unemployed not only me but my friends as well we can't even find a 10k monthly salary job we don't know how will we survive in the future 😔
一万卢比？那你挺可怜的。🤣🤣🤣给我扫地的大妈都有1300欧元。
Maybe you have your expectations too high, rich countries have plenty of minimum wage jobs available even china
一个月才一万卢比？印度工资这么低吗？对换成人民币才800多块钱😢 印度的工资和非洲一样啊，干一天才20多块人民币，在中国我吃一餐饭钱都要二十来块人民币，在中国的工厂最普通的工人工资一个月是5000 - 6000人民币左右，兑换成卢比也就60000一个月，这是中国工厂普通工人月薪工资。
@@santostv.中国扫街道的大叔都有40000卢比一个月，这是最少的了，在中国去饭店当个服务员也有50000卢比的月薪啊！
@@Cannoli_JJ 他们上一天班才赚20多块人民币，说真的只够我点一份快餐，他们的工资和非洲一样啊！这也太低了吧😢
2:56 Where do you find these genius reporters? 🤣🤣 Mumbai is the financial centre, not Delhi. The Delhi Stock Exchange was probably the least important and smallest stock exchange in the whole country. I didn't even know it existed, but it appears it has been shut down.
🇨🇳 : economic super power
🇮🇳 : population super power
중국은 행동으로 인도는 말로만😂😂😂
I believe India has already won the growth crown, albeit population-wise. 😂
It's a false crown, because automation is going to render a large chunk of India redundant, and that is going to prove to be a very serious problem for India's government.
What's more, western countries are now shutting down mass migration policies due to there being too many immigrants as it is, so India's government will have to deal with a large population of people who essentially have nothing to do.
A blessing or at least a leverage will turn into a burden.
That is actually a hindrance to advancement. India needs population control.
@@bobsmith3983 India needs to focus on providing economically for their people and avoid their population exceeding their economy.
In 100 years India could become an amazing place to live if population growth was constrained to their domestic economy so that everyone had a chance at a decent job.
The poverty in India is entirely because there are more people being born than there are meaningful jobs for the people to do.
If the Indian economy is booming, why so many Indians immigrate to Canada, Europe and USA (and even in Africa) where the cost of living is very high and there are limited job opportunities? Would they be better off staying in India and enjoying the so-called Indian miracle?
Maybe you don't know but this year the most number of illegal immigrants to USA were from china. So, economy doesn't relate to this at all
INDIANS are moving out because they are getting richer , the rich people are moving out to get rich further and the middle class is taking place of the RICH CLASS in INDIA and the poor class is getting to middle class.
This quarter NRIs send 29 BILLION USDS in INDIA and that's a record. They work hard in USA and send money in INDIA.
And that money is used to develop infra of the nation. And more Indians move out results in more money in the country .
China also has high immigration out of the country, even Europe has a decent level of immigration going to us, the largest immigrant group in Australia is British. I really don't know what your trying to prove
@@messiuno-cw7vk Many are brainwashed by western media thinking could get better life in usa ,therefore The U.S. Border Agency is very curious about a lot of people with the latest Apple cell phones and wearing expensive down jackets. And those number make up a very small percentage of the population.
India's high growth is due to Modi changing the way GDP is calculated in 2015, rate jumped from 4.5% to 7% since then. Many economists had questioned it, central bank governor Raghuram Rajan, chief economic adviser Arvind Subramanian.... Not widely covered by western media but search these titles,
Is India exaggerating its economic growth? - BBC
GDP Numbers Are Mystifying, Don't Add Up -- theWire India
i just saw another angle at 0:42
What a pipe dream. But LUDICROUS.
Britishers said in 1850s USA succeeding was a pipe dream,Americans in the 1950s claimed Japan wouldnt recover from ww2,1990's th world claimed china would fail and in the 2020's .... See the pattern😂
@@vaibhavbasu4992 india will never catch up to China. It is just impossible because of your corrupt culture and corrupt government. Not in a hundred years. Not in a thousand years. And that is a FACT.
@@vaibhavbasu4992 Not in a hundred years, not in a thousand years. You can't even catch up to Vietnam. LOL. With your corrupt culture and your corrupt government.
And still, India is a democracy. That's key.
A real one or a fake?
easier to manipulate. thats the advantage. i see.
Modi arrested someone who objected and even raided the BBC offices
They're an electoral aristocracy
@@defjam137You mean like the United States. When our people vote their votes actually affect the election outcome unlike the US where the so called representatives can give power to the loser of elections
India needs to take over GM to make it a Superpower. Or Ford. As it did with Rand Rover, the crown of GB’s auto industry. Looking forward😂
Better leaders are responsible for more and more people around the world.
We appreciate it.
I've noticed a trend in any video essays about India's economy where the audience tends to focus on peripheral issues like incorrect maps or outdated footage instead of addressing the most urgent topic: poverty.
Yaah it's all about some specific persons. & Business man
India needs to build up basic infra, have clean water first, to benefit all people. then we talk about further developments. Also, it needs to allow foreign companies to bring their earnings out of India.
The country that will benefit the most from India’s further integration into the global economy will be the US. Economically, American businesses will tap into India’s workforce to push more technology adoption. Politically, India will counter balance China in the Asian region. European and East Asian nations, which have relatively weaker links to India might not see these gains. This is a major contrast from China’s integration into the world economy.
for now there's too much red tape in india for this to happen. besides, robots are taking more and more jobs in manufacturing. guess which country is building the most robots? china. moreover, the US will learn from their experience with china and not put all their eggs in 1 basket anymore. they can't have another superpower challenging them. so they put some in vietnam, mexico, brazil, india, bangladesh, etc.
U India is superpower and the USA too，how dare a superpower wish another superpower help him to be stronger ？
Build Enough TOILETS FIRST !!!😂😂😂
We hv more toilet since ccp took over hong Kong people start sleeping in toilet 😂
Hahahah toilets funny
No nuclear SMR (Small Modular Reactor), No support for high demand on electricity in the near future.
Footage is at least 10 years old.
Evident from 1:31 where the movie banner named " Bullet Raja " was released at least a decade earlier.
As a Sri Lankan, I'm thrilled but jealous by India's progress , but I question the idea of changing farmers to factory workers. Personally, I'd prefer working in the fields over being confined to a factory for the sake of my health.
As an Indian, we South Asians must emulate our own sucess pattern albeit a slower one instead of what foreign firms expect us to do . We 🇮🇳 🇱🇰 🇧🇩 🇳🇵 need to grow.
@@s9ka972 hello bro, from Nepal, I wish success to all Dharmic or secular South Asian countries. Our victory is each other's victory, our victory will benefit each other. Afterall, our softpower is connected.
@@songaesthetics8543 yes 🇮🇳 🇱🇰 🇳🇵 🇧🇹 brothers
@@s9ka972 yes bro, you follow the orthodoxy or bauddhadarshana?
Automation is going to slash the number of required factory workers, it's going to be a huge problem for india because while they may bank against it, other countries will refine and utilize such technologies and that will result in a huge advantage to whomever uses automation.
Just talking about the growth percentage, but not tha about the different base. Where is Bloomberg's maths? China GDP is 5X that of India. China grows at 5%, does India grows at 25% a year?
Yes, we are talking about growth, thats how you grow your money, have you never seen the stock market in your life?
I think these kind of news media who only gives advices to Indians and Indian Govt should focus on their food and home loans. We are very much capable to grow our country and we do it by lifting everyone. We were plundered and looted by western people and we will be richest than the western people but certainly we don't want a western closed minded people to suggest us on how to improve our Infrastructure. We will do what's best for Indians!
Easy. Just replace Indian government with the Chinese government. Otherwise, don't worry about it
Aha, why do you want our government ？you know nothing about what happened ,happening and will happen in China 😅
we dont want communism
Yeah you'll also get all the debt crises and the economic bubbles 😊
China is dictator
Don't want a dictator Xi jimping
TOILETS....TOILETS...FOODS.....🤣🤣HUNGERINDEX111
This time only india for sure we will grow more than the expectation
Teddy Roosevelt while he was president said that China was opening its markets and it was going to be an incredible driver in world economy. He then said that China would have trouble because the politicians and society would not understand what brought them the incredible wealth growth, and they would start problems as a result. That was 110 years ago
Let's agree to disagree that that is simply wishful thinking and won't happen. India may present some growth prospects, but it would be an investment cesspool to say the least to pursue that agenda in the long-term.
You're right
Most of the growth so far has been due to Government investment which was probably required to have a base to grow from. In the next few years we need to create more jobs
Government spending and dubious speculations
@@SathyaswamySto see the spending you need to get out of your home
@@SathyaswamySaankh ka ilaaz krva
Govt investment makes it easy for private sector to follow. It's called crowding in.
G7 and allies will promote Indian stocks. Then locals will buy more shares. Foreigners will therefore dump the shares like what they did in Vietnam.
India is going to experience what China is experiencing in terms of population decline in the 2060s. I'm calling it now.
That's true
You see, xaina being ahead works as a warner for India to ensure the steps it's taking to climb up the ladder of becoming an economic giant don't turn against it in future, India is carefully observing developments in east and in west without blindly following them so i don't think such an avoidable thing can happen although it's possible
If India is so important to the US, why don't Yellen visit India.
She doesn't like Indian mushrooms.
when China had the same GDP size of current india 20 years ago, chinese GDP growth was 15%, 3 timed faster than india.
China grew too quickly. It wasn’t sustainable. This shows now.
Англия сейчас является индийской провинцией. Не забывайте учитывать ее в рассказе об Индии.