My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in India.
Inflation can have a significant impact on individuals and their cost of living. As a result, it can cause negative market sentiment. It is important for individuals and businesses to find ways to navigate and potentially mitigate the effects of inflation on their finances. The current economic climate, including underperformance of financial markets due to fear of inflation, has led to a decrease in the value of my portfolio. I would appreciate any recommendations on how to potentially increase returns during this market downturn.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over $50k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $205k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
@@williamDonaldson432 I urgently need guidance to recover my portfolio after significant losses and develop more effective strategies. What’s the best way to get in touch with this advisor?
I urgently need guidance to recover my portfolio after significant losses and develop more effective strategies. What’s the best way to get in touch with this advisor?
fake news monger where did u see this third class news, aiadmk kicked bjp off due to farm law, and dmk govt adopted special resolution against those bugging farm laws
@@sandeerao86 The whole point is to have interstate market access. How can this be implemented at state level? If I am a manufacturer in TN I can sell my products across the country, but farmers dont get to do this.
At the end of Manmohan Singh govt , the India was one of the fragile five economies. Everything went from boom to bust in Manmohan Singh era. Vajpayee gave a very robust economy to Manmohan Singh and he slowly and steadily made it worse
Do you know the growth rate of manmohan 10 yr and modi 10 year, Son go and search on google then come here and bark on social media, whatsapp gyaan se desh ka bhala nahi hoga
I am from Chennai, stop lying. There's zero growth in the bottom of the pyramid, which is exactly why we're begging for technology and investments from outside, I don't have to be an analyst to understand this, the country is going to the bottom and it is quite visible. Quit this narrative and get to actual work.
He said 8% growth 5% inflation rupee dreciated by only 2 %... something is wrong here.. he is assuming world inflation of 8%.. india depends on raw or manufacturing inputs that will rise at 8% inflation.. even at input level , inflation is at about 6 % so inflation in indi a will be 11%.. 12% - 11%= 1 %.... so india gdp real growth is 1%.
Finally some people with Common sense and logic. I’m tired of these delusional indian nationalists thinking Ancient India has 500 Trillion in the past 🤦♂️
If India grows at the rate of 8% annually, which is comfortable.. Our economy would be 30 trillion dollar until 2050 easily.. Using compound calculator..
If India grows 8 % then the salary also grows every year. You get easily destroyed by food inflation of 30%. This clown 🤡 was advisor to Indian government, pity on India.
Inflation was way lower during last 10 years compared to UPA's time. UPA gdp growth wasn't as good because of the NPAs and crazy inflation. I pity your inability to check stats and data.
@itsover9008 Inflation wasn't ever lower, NDA just continued the inflation from where UPA left . If you are still juggling the percentage differences between NDA and UPA, remember it the prices were already high when NDA took over they never bothered to bring it down.
@@surejkapoor2292 I think you don't understand the concept of inflation. Prices don't go down unless you enter deflation. And deflation is far worse than inflation.
This optimistic Technomist is quite interesting, when he thinks to reach up to Sun, I am sure he will at least reach up to Moon. Good luck Mother India 👍🏻 We know many sharks in the world try to eat you if you are not careful.
Being careful is very important in the face of adversity but the Neon team also believes strongly in the Indian growth story and knows it can reach new heights... Thank you for tuning in!
Rule of compounding is well known . But sustaining even 7% gdp growth rate each year is quite difficult since the base is increasing each year . India has very less oil and gas , gold and critical resources and we depend mostly on imports . Our exports are far less than our imports. China has plenty of resources and exports a lot as did Japan earlier . Rule of 72, 108 or 114 don’t come in applied on increasing GDP base . I think average 7% gdp growth rate may be ok for next 10 yrs but then it may reduce by 1-1.5 % due to increasing base - this already happened to Japan and happening to China now . There is GDP nominal and GDP PPP . The ratio of nominal to ppp- gdp is 0.3 for India but 0.55 for China .India exceeded 8% only on 4-5 occasions in last 20 yrs
that's exactly the point which many are not getting as with the increasing base leave maintaining 8%, it will even be good if we manage to achieve 5-6% at that point. that's the same case currently with larger economies like usa and china.
KV is assuming a nominal GDP growth rate of 14% or so. Be it last year, be it this year, India is having a nominal GDP growth rate of around 9.5% only. So the fundamental assumption itself is not correct even now, let alone the fact that nominal GDP growth rate will fall as India move out of the catch-up-growth-phase it is on currently. and hence his number is nonsense.
Talking dreaming talking dreaming and now again predictions. I believe in Indian confidence of super prediction. 100% it will successful in 2030 for sure to get $59 trillion and best of luck
India’s nominal GDP of 55 Trillion by 2047 (@100) has an unpinning assumption of consistent growth @8% pa for the next 23 years. There’s huge optimism there.
Where are the skilled workers and education policy is only book by heart rote learning. Corruption in Health and education sector and other leaving India behind 20 years the developed economy or European country. We are only tolerating this corruption, injustice, spitting on road, dustbin country of waste on road, no pollution control, no pothole free roads and many more. We are just amazed by statistics of ballooned growth and balloon will burst in coming 5 years as Millions of jobs are not created or given then India is riding on fantasy of 55 Trillion economy on Turtle.
Exactly. If the country utilizes all the low hanging fruits. It is getting that much difficult to extract growth. It is easier for a student to get 40 marks from 35 .. but difficult to get 85 when he is getting 80 already.
"Power of compounding". Many people can show you, how you can make cores by one rupee in just a few years,and they are telling you right, but in reality things won't go smoothly like they told you.
Psossible hai As last 20 years me 8 to 9 times hua hi hai. That to without good infrastructure. But our infrastructure is improving day by day this will give a boost .
Not to mention Innovation, Startups, Localisation, Favourable Policies, Capitalistic Govt. at helm, 'Reverse Brain Drain, Digitisation of Finance Sector, easier Access to Credit; apart from the obvious improvement in Infrastructure....but the apparent uncertain Geopolitical Scenario could throw a spanner into all this 😅
Ensure every one working to escape MIT (middle income trap) for Indian citizens. This effort itself can help India growth excelled with rocket sped. Human race too must grow steadily.
Hopefully it will happen. But the sad thing is many of our people (Indians) do not want to believe this. They always with China but we have to know that China is not a democracy. So we should enthusiastic about our growth.
Don't understand this obsession with GDP when we should instead be focusing on improving our pathetic per capita income. What's the point of a 5 trillion or 55 trillion economy when the largest population of poor live in India! Improving per capita income is the single determiner of transforming a country from developing to developed status.
GDP per capita=GDP/population.....you can't change the denomination so it will be obvious that we have to focus on increasing the GDP. if you are talking about income inequality then that's totally another story.
Just simply you don't even understand what per capita income is, just riding on that idiot ride. GDP per capita is literally, GDP divided by the country's population,so basically when the GDP grows, so does the per capita grows. Having 55 trillion dollars economy means literally having around 40,000 to 50,000 dollars per capita income.Without knowing such basic things, crying about per capita is pure BS Instead of this, if you had said something about quality of life, then it would have made more sense.
We should focus on education ,nutrition, healthcare, cleanliness then 75% of all our problems will be solved then we could focus on judiciary, agriculture, industry, infrastructure etc.
Bro can read the numbers. But doesn't talk about Geopolitics and the real challenges facing India. For ex, low to no investment in R&D, no autonomy in strategic industries like semis, defense, etc, no human development, no proper education and health, poor and crippling infrastructure in urban areas, etc.
Education has been neglected, but infrastructure has been improving at an incredible rate in the past 10 years. We should have done that in 2000s by voting Vajpayee in for a second term. That way the 2010s could have focused on reforms, education and healthcare.
Good podcast and a very positive economic planning by K V Subramanyam Sir. With my minimal knowledge I would like to submit a few queries 1. I feel 8% increase in gdp is possible if all the economic conditions favour us in all respects 2. Have you considered corona like situation, war, vested interest people pulling you down like farmer reform laws and many other development works/ efforts . 3. What about deep state interference 4.Freebies which has become a trend will ruin the economy. These are some of the few which I have mentioned are bound to happen. Can you please do one more podcast considering many such adverse incidents and draw pic for 2047. Thank you once again for such a wonderful podcast.
Thank you so much for your kind words, Paritosh and we are glad you liked this conversation. Please d continue to support our content as it means a lot to us!🙏
Unless there’s a black swan event, India is poised to be the World Leader as it has been for most of the history. The dark ages from 1192 to 1947, and then from 1947 to 1991 are just an aberration.
I hope his predictions come true. But comparing India to Japan and China is wrong. In the case of Japan they have a uniform culture, one language and also one religion. In the case of China they enforced common language and communism as state religion. Japan did not have an opposition party that worked against Japanese interests and China doesn't have an opposition party. India has exactly the opposite of these things. With hindu population declining we cannot say for certain that India will remain a growing economy.
What joker have you got in the show!.. he seems to be one of those blind bhakt types. If India didn't support entrepreneurs bak then how come so many immigrants went onto do so well later on?? India never suppressed entrepreneurs but unfortunately entrepreneurship thrives better in pure capitalism than in pure socialism. The socioeconomic climate during independence dictated that we strike a balance between these two extremes and that is what we attempted and achieved to a large extent, which subsequently helped us to be where we are today --- at the thores of exponential growth. Agreed that there may have been some blunders along the way, but to ridicule the initial decisionn makers is absolutely stupid and immature. Please don't get such clowns in your show if you want it to succeed... sorry but a thumbs down from me!
KVS - that point you made about “what are you smoking” at 10.23s is the right title for this video. If beyond a $15Tn dollar economy the inflation keeps on growing by 5-7% then an economy will be crippled. So in reality the real growth after we become a 15Tn dollar manufacturing economy can’t be above 4-5% and inflation can’t be more than 2-3%. That’s a nominal growth of 7-9% tops after we hit $15Tn.
Bharat has to have a laser focus on Ease of Doing Business. Which means breaking down the barriers that stifle business. This is a major challenge that has to be confronted head on. That’s it. That will catapult growth to realise major economic gains.
Thank you so much for your kind words, they push us to work harder and produce even better content! Glad you could gain some valuable insights from it and do let us know which other guests you'd like to see next! 🙏
@@chinnakannan9137Maharashtra GDP was 260 billion in 2017 and now it's more than 500 billion. And the growth was hampered due to corona. If we assume similar growth Maharashtra will be a trillion dollars economy by 2030. And Tamil Nadu and Karnataka will follow up after 3-4 years
I don't know which numbers to trust, macrotrends show GDP/capita grew from $83 to $318 between 1961-1991 whereas Prof Subramanian says it dropped from $2730 to $300 bwtween 1947-1991. So if I have to trust both then first it dropped from $2730 to $83 in first13 years and then rose to $318 in next 30 years. Is it ?
Second important point I have is we should talk in relative terms, 8% growth may look trivial If the entire world is in bull economy for next 2-3 decades, So in that case even if India reaches $55T it may mean nothing if USA reaches $100T and China at $150T. So we should talk more in relative terms . Can we become the 2nd largest economy by 2047 ?
!! my outlook on money changed when I realized someone making $400,000 can retire broke & someone making $80,000 can retire a multi-millionaire. With the current market movement, you have $100,000 to invest. Where are you investing it?
Yes! I'm celebrating £32K stock portfolio today.i Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family an...
Value adding to farm produce is one of the solution to increase income of small farmers. This would also create huge employment opportunities in rural areas and sustain farming.
More you criticize the country without giving any solution.. More intellectual you sound to leftist. Never appreciate the growth, always search to defame.
@@ashutoshpattanaik3650 Yeah sadly, India hasn't even eliminated castism and caste politics in 75 years. Women LFPR is same as Afganistan. Gov teachers has 2x salary than avg income in India (one of highest in developing country). Yet the quality is in bottom 25%. All institution are filled with corruption hence crony is taking major share of growth. Small business are dying because of triple shock: demo, GST then pendamic. Avg IQ of India is 80, which also limit growth. Cronies can only give growth for few years, eventually growth will go down to 5%.
isse awesome foodu podcast abhi tak YT ne dikhaya hi ni ,,,,, bindass ,, Subramanian, the way you’ve explained the farm law is ultimately amazing, so simple words with examples awesome, hats off for your such a deep understanding of Indian Economics,,, Please bring 2nd podcast asap thanks to both of you 🙏 🙏🙏Jai Hind 🇮🇳
Hey Pravan, you've made our day with such a wonderful comment... Thank you so much for supporting the channel and do let us know which guests you'd like to see next! ❤
Most illogical assumption is sustaining an average 7-8% or even 6% GDP growth for 3 decades. Optimism is good but over optimism is fool hardy and one can jump to wrong conclusions. Just look at past Japan South Korea and present situation of China
8% GDP growth per annum for next 23 years is way too optimistic. Also 5% inflation is OK in near term but won’t happen in long term, Inflation target will become 3% or less. Too many outlier assumptions
मुहं मे आया तो बक दिया! Delloite, World Bank etc can not Predict India's GDP growth beyond 2-3 years. And How rhis guys is saying India can grow at the rate 8% henceforth till 2047??
There is not an issue that INDIAN economy surpasses AMERICAN economy INDIAN population 4 times larger than AMERICAN population So INDIAN economy must be 4 times larger than AMERICAN economy THAT IS REAL INDIA
What about the depreciation of rupees, if rupees gonna weak than how we will achieve that figure, may be we can multiply 25x in terms or rupees but not in terms of dollars.
Whatever this guy is smoking, I want some. He suggests that India’s economy would all of a sudden compound. It didn’t happen before. But it would start compounding all of a sudden. Would you like to buy a swamp in Florida?😂😂😂
I said real growth of 1% . He said 8% growth 5% inflation rupee dreciated by only 2 %... something is wrong here.. he is assuming world inflation of 8%.. india depends on raw or manufacturing inputs that will rise at 8% inflation.. even at input level , inflation is at about 6 % so inflation in indi a will be 11%.. 12% - 11%= 1 %.... so india gdp real growth is 1%.
@@biggpicture2930look at actual numbers man. Don’t make stuff up. India has grown at 7% real since 1991. Inflation has been 5% in last 10 years. US inflation has been 2% long term since 1990. And USD to INR depreciation has been ~ 3% since 1990 and under 2% in last 10 years.
It will be around 20-23 trillion USD at max by 2047. I am taking into account compounding effect. Now with 8.2% growth in previous year our GDP grew from 3.26 trillion USD to 3.59 trillion USD. When our GDP will be around 10 trillion with 7-8% we will be atmax be adding 1-1.5 trillion every year and we are projected to touch 10 trillion by 2035.
I think the argument in favour of the developed world is the quality of life being better there and the rule of law being uniformly applied. Its just not the money.
GDP growth isn't actually 8% . You have to add inflation then you get a nominal GDP growth rate. Real GDP growth rate+ inflation - currency depreciation= nominal GDP growth rate Just for example -- 8%+5%-1%=12%
Even at the rate of 5% real gdp growth rate, by 2048, the gdp of india will be 31.64 trillion dollars. If we work really hard, 7-8% real gdp growth इस well within reach.
I would want to live in a much stronger economy than 25 trillion. If you listned to the entire podcast, this was exatly the question he was answering. Be more precise to ask question on points so I can reply. You sound as if you listnened entire Ramayana and then asking who is lord Ram and Mother Sita.
Why did he quit then , He should've remained in Govt to take his prediction to fruition...sitting on the fence & then passing judgements, don't amount to much 🤔🤫✊
@@gordonfernandes6873 Cannot break Indo- US relations because of one clown. This would bring diplomats to fight each other creating enough media attention tampering relations.
@@surejkapoor2292 True, but covertly he must be taught a lesson and made an example, So that no other buearcrat, doesn't dare tred that same path in future, compromising the security of the Nation to divisive & destructive outside powers, much like Putin does, to maintain control & an element of fear, not to cross red lines, which if done, there are serious consequences 🤔✊
I have rarely come across a more illiterate in economics former CEA and current ED at the IMF for South Asia... The illiteracy is writ large through his interview. And regrettably the interviewer does not cross question.. Only believes his calculations
A very good analysis. Such discussions of course would be sending shock waves to our detractors so it is better to remain work silently and achieve our goals. India is currently facing the attacks from our detractors what Lord Krishna encountered during his childhood from His uncle Kansa.
Staying optimistic is very key in achieving goals that India wants to achieve... we appreciate you tuning in and please do share the episode with others! 🙏
First we all indian should belive in becoming 55Trillion Dollar economy by 2047.Its posdible.. But v have to work hard. Forget caste and party, only important thing is national intetest.. SIR IS RIGHT!
Goldman Sachs predicts $22T in 2050 for India in 1,870.35$, if you convert it to 1,895.35$ it might be double of that. What's important as I said is relative GDP per capita . According to GS India's GDP per capita will be around 1/7th of USA in 2050 and 1/4th of USA in 2075. I am more hopeful than that, I feel we can be 1/4th of USA in 2047 itself.
In USA hair cut cost is $15. In Rs.1200/-. 1.We are 145 crore people. USA may be 33 crores. 2.USA IS $29 TRILLION ECONOMY WITH $24 TRILLION BUDGET 3.WE are $4 trillion economy with $1.00 trillion budget (states+center) 4.All in all: 1. Average Salaries and wages must be enhanced by 150% and prices (particularly for services) must be enhanced by 250%. 2.Take the example of housing: Today a flat costs Rs.1.20 crores. Same in the USA MAY BE $200 thousand 3.In the housing sector India is closely behind the USA 4.THE HUGE DIFFERENCE AS PEOPLE SAY IS: STILL MANY SECTORS AND SERVICES FAR BEHIND (MY GUESS). 5.SO, THE MORAL IS HUGE SALARIES + HIGH COSTS = Developed / Super economy. 6.INDIAN DEFINITION OF MIDDLE CLASS IS: Rs.1.9 lakhs to Rs.6 lakhs per year 7.Is this not a ridiculously absurd definition (ridiculously low) of a middle class? 8.In reality this shall be adjusted to Rs.18 Lakhs to 25 Lakhs 9.Correspondingly the salaries and wages shall be reformed & transformed.
How often we have had 8% growth in real term? And for bottom 80%, higher inflation of core items- food and energy- hurts a lot more, making effective/real growth lower.
Every quarter we don’t grow YoY at 8% we would need to grow subsequently even faster. Growth can’t be linear at 8% for next 25 years. He doesn’t factor in recessions that India and the world may face. Too optimistic!!!
In the comment section many people are confused that with 8% growth how india will reach 55 trillion. Let me clear that growth is real growth which is calculated by subtracting the inflation. So if you see the actual nominal growth it will be more than 10%. But stlii this guy is incorrect, because how can he be sure that country will continue to maintain 8% after a 10 year, average age of current population is 29 years, with such young population china had shown double digit growth for a decade, and india had never crossed 10%, year by year population is aging so after 20 year india will face same what china is facing today. And considering the democratic and geopolitical condition of india no one can sure that what next government will do. So i can only predict that india will cross 7 trillion in 2030 with current pace.
Bro that time was the 1991 era. This is 2024. People are more socialized and connected to the world through the internet. Our manufacturing sector and service sector are booming. I think 8% achievable. We already did it in 2023 with the GDP growth rate 8.2%. I don't think that we can achieve China's growth like 10% and some years were 13-14% but if we work hard we can achieve 9% or even more for some years after 2030.
The world is deglobalizing.. world economy will slow down Business environment getting worse. China growth was when people buying che ap stuff from china. Who is buying from india with tariff all increasing. No one
He said 5% inflation but rupees drop only 2 %.. so he is assuming world inflation is about 8%. ;but india imports raw inputs from the world that will be growing in price at 8%... something is wrong with his analysis...
@@RockyMondal-nf5ol Your missing a key change in world politics. Most nations are about to employ protectionist policies. You can never see 10% growth rates for developing nations like India when the developed nations cut the trade. GDP might still grow if higher inflation sustain.
@@abhishek-xd8os Covid only dragged by 2 years. Rest is our structural issues. I don’t blame government but it is simply too complicated to bring and implement reforms in India. Modi is doing his best but that is not enough. People should be more risk taking and ambitious
During Manmohan's period, GDP growth increased by 400%. I read several foreign articles at that time that predicted it would reach $5 trillion before 2025. Becouse we have a natural growth of 200% after 1994 ( if wrong please rectify me)
But in 2013 we becomes Fragile 5 economy and our growth rate was around 3-4% and no one are positive about India's economy And then in 2014-15 our growth rate touched 8-9% because of economic reforms and ease of doing business
If you see the modi and manmohan singh period the gdp growth were same , but Modi had cuted down the inflation from 10 in manmohan singh to 4 to 5 % now.
@@Abhishek-s1k3g yaa and at last year of manmohan singh our economy goes to fragile 5 economy because of no reforms after 1991 and then in firsst seconds years of modiji our growth rate goes to 8-9% due to economic reforms and ease of doing business in last 10 years there are so much number of startup build and 124+ unicorns are made by economic reforms and ease of doing business and with this very much poor people rises because of home,rasan, LPG , toilet,LED, electricity to everyone, nal se jal yojna , good infrastructure, very low cost internet and many things given by government and also we provided free vaccine to everyone and fress rasam to all Poor people in covid so because of this our economy slow down but now we are on pace, we done unbelievable in manufacturing sector like mobile , crackers, defence,space, automobile, textile, toys, renewable energy, .... Before 10 years we import this things from china now we export this things and we done so much in business by opening defence,space and all sectors for private companies and now due to very good infrastructure we will attract very much MNC to India , Apple already started manufacturing in India and now they will make maximum parts also in India And demonitisation destroyed pakistan economy after demonitisation pakistan gdp growth rate goes so down because they are dependent on us their terrestrial network in India sold fake money and because of this they earn from India and also khangress given pakistan currency print machine so they copied our notes and RBI'S most respected position people were also involved in them now modiji focuses on energy independency so that we can become superpower because UAE and all Saudi countries earn through energy and now new energy era will be of renewable energy so we are focusing on energy to become superpower
I said real growth of 1% . He said 8% growth 5% inflation rupee dreciated by only 2 %... something is wrong here.. he is assuming world inflation of 8%.. india depends on raw or manufacturing inputs that will rise at 8% inflation.. even at input level , inflation is at about 6 % so inflation in indi a will be 11%.. 12% - 11%= 1 %.... so india gdp real growth is 1%.
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in India.
Inflation can have a significant impact on individuals and their cost of living. As a result, it can cause negative market sentiment. It is important for individuals and businesses to find ways to navigate and potentially mitigate the effects of inflation on their finances. The current economic climate, including underperformance of financial markets due to fear of inflation, has led to a decrease in the value of my portfolio. I would appreciate any recommendations on how to potentially increase returns during this market downturn.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over $50k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $205k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
@@williamDonaldson432 I urgently need guidance to recover my portfolio after significant losses and develop more effective strategies. What’s the best way to get in touch with this advisor?
I urgently need guidance to recover my portfolio after significant losses and develop more effective strategies. What’s the best way to get in touch with this advisor?
Tamilnadu govt just implemented farm laws after opposing them 🤓
That’s the plan implement state level which is better and centre also want the same
TN gov opposed it earlier to steal the credit from BJP. as simple as that.
fake news monger where did u see this third class news, aiadmk kicked bjp off due to farm law, and dmk govt adopted special resolution against those bugging farm laws
@@sandeerao86 The whole point is to have interstate market access. How can this be implemented at state level? If I am a manufacturer in TN I can sell my products across the country, but farmers dont get to do this.
Bihar was first to implement farm laws they abolished msp and apmc Mandi’s
32:51 Fun Fact. India was 6th Largest Economy in 1947 (divided, current day India).
In 1991, we were 17th Largest. Thanks to Nehru-Gandhy-Khan rule.
We will be 77 th soon thanks to andhbhakti😂
@@premprakashpatel3769 Saying something weird and adding a keyword like “andhbhakt” followed by an emoji doesn’t make your statement a valid argument.
At the end of Manmohan Singh govt , the India was one of the fragile five economies. Everything went from boom to bust in Manmohan Singh era. Vajpayee gave a very robust economy to Manmohan Singh and he slowly and steadily made it worse
Not true at all.
Do you know the growth rate of manmohan 10 yr and modi 10 year,
Son go and search on google then come here and bark on social media, whatsapp gyaan se desh ka bhala nahi hoga
Chituye@@onlytruth-ep3lvbapp, what's the inflation during second tenure of MMS and condition of bank with 20 Lac crore NPA.😅
@@onlytruth-ep3lvAbe mc there was no once in a century pandemic during mms
Reason being the gandhi family controlled India actually, Manmohan Singh was controlled by them that's why the economy failed😢
I am from Chennai, stop lying. There's zero growth in the bottom of the pyramid, which is exactly why we're begging for technology and investments from outside, I don't have to be an analyst to understand this, the country is going to the bottom and it is quite visible.
Quit this narrative and get to actual work.
He said 8% growth 5% inflation rupee dreciated by only 2 %... something is wrong here.. he is assuming world inflation of 8%.. india depends on raw or manufacturing inputs that will rise at 8% inflation.. even at input level , inflation is at about 6 % so inflation in indi a will be 11%.. 12% - 11%= 1 %.... so india gdp real growth is 1%.
Due to Dravidian politics
Vivo are packing their bag heading to your neighboring country....
Dei muttal, to there is data. The poverty rate has been reducing significantly. With are you talking about
Economy doesnt grow by doing projections or being over confident. Economy grows by policy changes, infrastructure development and ground work.
And for that you need BJP for next 25 year else it will go Manmohan singh way
And keeping those policy changes, infra, etc in mind one can give estimation. success is achieved by planning based on estimation only.
Finally some people with Common sense and logic. I’m tired of these delusional indian nationalists thinking Ancient India has 500 Trillion in the past 🤦♂️
You people protested farm laws. Keep protesting the groundwork and policy changes, and then blame it on BJP.
@@sandeerao86 BJP??? one day will be regret for bjp
❤ excellent analysis.Hopefull Congress will not gain access to come to party ever again.
Also all sickular parties
he is giving false information,
congress is in india's blood but bjp gaddars are gaddars since independence
@@bvssrsguntur6338 baap of sanghism is scularism but fake it bots with 2 rs ki aukat envy congress like their jumle ka tatta
The Pakistani bot comments are hillarious
Anth bakth’s comments are hilarious 😂
Nikal chusalmam 😂@@q-mansion145
@@q-mansion145 Beggars can't be choosers 😂 So stop embarrassing yourself
@@q-mansion145 Pedo-namazi shouldn't comment on economy related topics.
Bhaktas are million times better then pappy slaves and pappu mutra drinker with only jaati in mind.lol @q-mansion145
Good discussion and excellent explanation of the Growth of India by the Professor.
Needs to be watched and absorbed.
Thank you so much for your kind words and glad you liked it so much. Please do share it with others to increase the episode's reach 🙏
If India grows at the rate of 8% annually, which is comfortable..
Our economy would be 30 trillion dollar until 2050 easily..
Using compound calculator..
That ain't going to happen.
@@SathyaswamyS
Maybe it is..
Nominal gdp calculates also accounts Inflation rate of 5-6% , so overall rate will be 13-14%. Hence 55 trillions$
@@AnmolSingh-ur6lg e what is the nominal gdp of india today?
@@rameshpudhucode6862 3.9 trillion dollars
Forever a country of the future where the future never arrives
If India grows 8 % then the salary also grows every year. You get easily destroyed by food inflation of 30%. This clown 🤡 was advisor to Indian government, pity on India.
Inflation was way lower during last 10 years compared to UPA's time. UPA gdp growth wasn't as good because of the NPAs and crazy inflation. I pity your inability to check stats and data.
@itsover9008 Inflation wasn't ever lower, NDA just continued the inflation from where UPA left . If you are still juggling the percentage differences between NDA and UPA, remember it the prices were already high when NDA took over they never bothered to bring it down.
@@surejkapoor2292 I think you don't understand the concept of inflation. Prices don't go down unless you enter deflation. And deflation is far worse than inflation.
This optimistic Technomist is quite interesting, when he thinks to reach up to Sun, I am sure he will at least reach up to Moon. Good luck Mother India 👍🏻
We know many sharks in the world try to eat you if you are not careful.
Being careful is very important in the face of adversity but the Neon team also believes strongly in the Indian growth story and knows it can reach new heights... Thank you for tuning in!
Rule of compounding is well known . But sustaining even 7% gdp growth rate each year is quite difficult since the base is increasing each year . India has very less oil and gas , gold and critical resources and we depend mostly on imports . Our exports are far less than our imports. China has plenty of resources and exports a lot as did Japan earlier . Rule of 72, 108 or 114 don’t come in applied on increasing GDP base . I think average 7% gdp growth rate may be ok for next 10 yrs but then it may reduce by 1-1.5 % due to increasing base - this already happened to Japan and happening to China now . There is GDP nominal and GDP PPP . The ratio of nominal to ppp- gdp is 0.3 for India but 0.55 for China .India exceeded 8% only on 4-5 occasions in last 20 yrs
that's exactly the point which many are not getting as with the increasing base leave maintaining 8%, it will even be good if we manage to achieve 5-6% at that point. that's the same case currently with larger economies like usa and china.
KV is assuming a nominal GDP growth rate of 14% or so. Be it last year, be it this year, India is having a nominal GDP growth rate of around 9.5% only. So the fundamental assumption itself is not correct even now, let alone the fact that nominal GDP growth rate will fall as India move out of the catch-up-growth-phase it is on currently. and hence his number is nonsense.
1:16:41 this was much needed. Indians have a tendency to not believe on positive for their own but will accept anything that is done or told by west.
I don't understand why he is saying indias per capita gdp 1947 is 2700 dollars.
I have asked chat-gpt with inflation adjusting it has said 668 dollars
Talking dreaming talking dreaming and now again predictions. I believe in Indian confidence of super prediction. 100% it will successful in 2030 for sure to get $59 trillion and best of luck
All of us Indians wants that to happen. But it can happen and will happen have a big difference
India’s nominal GDP of 55 Trillion by 2047 (@100) has an unpinning assumption of consistent growth @8% pa for the next 23 years. There’s huge optimism there.
Where are the skilled workers and education policy is only book by heart rote learning. Corruption in Health and education sector and other leaving India behind 20 years the developed economy or European country. We are only tolerating this corruption, injustice, spitting on road, dustbin country of waste on road, no pollution control, no pothole free roads and many more. We are just amazed by statistics of ballooned growth and balloon will burst in coming 5 years as Millions of jobs are not created or given then India is riding on fantasy of 55 Trillion economy on Turtle.
Exactly. If the country utilizes all the low hanging fruits. It is getting that much difficult to extract growth.
It is easier for a student to get 40 marks from 35 .. but difficult to get 85 when he is getting 80 already.
Even 8% won't work to make it to 55 trillion we need 10%.
@sp10071966 I think it's based on the assumption that dollar will fall and INR will rise
@@antrikshtomer6259and growth rate will come down once we reach 10000+ per capita
Gossip sells in India
I tend to discount your prediction by 90%
He's literally IMF executive director and ex CEA India. These bots think they know more than him 🤣
@@jyotikrishnanj2604 Well don't fall for the fallacy of authority. Do you say the same for Raghuram Rajan?
WAY TO GO INDIA... SHOW THE WORLD WHAT YOU CAN ACHIEVE.... NO STOPPING
"Power of compounding". Many people can show you, how you can make cores by one rupee in just a few years,and they are telling you right, but in reality things won't go smoothly like they told you.
Psossible hai
As last 20 years me 8 to 9 times hua hi hai.
That to without good infrastructure.
But our infrastructure is improving day by day this will give a boost .
Not to mention Innovation, Startups, Localisation, Favourable Policies, Capitalistic Govt. at helm, 'Reverse Brain Drain, Digitisation of Finance Sector, easier Access to Credit; apart from the obvious improvement in Infrastructure....but the apparent uncertain Geopolitical Scenario could throw a spanner into all this 😅
5-6 times hi hua he since 2004. So if we take that, it will only reach 20-25 trillion
@@nakulmohan115 It should be at least 35 trillion. Anything above this would be even better.
@@AnkitYadav-td6mg Agreed, but BJP isn't capitalistic enough. They should pass more reforms and cut down on bureaucracy.
all the bhakts will go berserk very soon by these fake predictions
Ensure every one working to escape MIT (middle income trap) for Indian citizens. This effort itself can help India growth excelled with rocket sped. Human race too must grow steadily.
India is a country of the future and always will be.
@@SathyaswamyS aapke hi comment ka intezar tha😆
Hopefully it will happen.
But the sad thing is many of our people (Indians) do not want to believe this. They always with China but we have to know that China is not a democracy.
So we should enthusiastic about our growth.
Free market was recommended in Farm Law for farmers. But the middleman spoiled it. How we can overcome this without political commitment!
Excellent interview. KVS is a delight to listen to every time 👍
Thank you so much for your kind words and we hope you gained some valuable insights from the conversation!
Don't understand this obsession with GDP when we should instead be focusing on improving our pathetic per capita income. What's the point of a 5 trillion or 55 trillion economy when the largest population of poor live in India! Improving per capita income is the single determiner of transforming a country from developing to developed status.
GDP per capita=GDP/population.....you can't change the denomination so it will be obvious that we have to focus on increasing the GDP.
if you are talking about income inequality then that's totally another story.
Just simply you don't even understand what per capita income is, just riding on that idiot ride. GDP per capita is literally, GDP divided by the country's population,so basically when the GDP grows, so does the per capita grows. Having 55 trillion dollars economy means literally having around 40,000 to 50,000 dollars per capita income.Without knowing such basic things, crying about per capita is pure BS
Instead of this, if you had said something about quality of life, then it would have made more sense.
If it reaches $55 trillion then percapita of India will be around $35000. Even considering the inflation, it’s a good income per capita
We should focus on education ,nutrition, healthcare, cleanliness then 75% of all our problems will be solved then we could focus on judiciary, agriculture, industry, infrastructure etc.
are you illiterate? don't you know how GDP per capita is calculated?
Ive been seeing some anti-Indian bots evrywhere these days, some names are Zebra and FailingCurry Poothy😂😂😂😂
55 trillions GDP after 5 centuries.
Some Pappu said India can't be 5th largest economy 😢
Bro can read the numbers. But doesn't talk about Geopolitics and the real challenges facing India. For ex, low to no investment in R&D, no autonomy in strategic industries like semis, defense, etc, no human development, no proper education and health, poor and crippling infrastructure in urban areas, etc.
Education has been neglected, but infrastructure has been improving at an incredible rate in the past 10 years. We should have done that in 2000s by voting Vajpayee in for a second term. That way the 2010s could have focused on reforms, education and healthcare.
For this India will require a strong cental government and it must not be a socialist government.So citizens should choose the pm and cm carefully
It may be but of course not in dollar terms but the Rupee terms.
Not 55 but India can grow up to 30 trillion dollar until 2050 easily bro..
Good podcast and a very positive economic planning by K V Subramanyam Sir.
With my minimal knowledge I would like to submit a few queries
1. I feel 8% increase in gdp is possible if all the economic conditions favour us in all respects
2. Have you considered corona like situation, war, vested interest people pulling you down like farmer reform laws and many other development works/ efforts .
3. What about deep state interference
4.Freebies which has become a trend will ruin the economy.
These are some of the few which I have mentioned are bound to happen.
Can you please do one more podcast considering many such adverse incidents and draw pic for 2047.
Thank you once again for such a wonderful podcast.
Brilliant podcast Sid. Keep the content as meaningful always.
Thank you so much for your kind words, Paritosh and we are glad you liked this conversation. Please d continue to support our content as it means a lot to us!🙏
Unless there’s a black swan event, India is poised to be the World Leader as it has been for most of the history. The dark ages from 1192 to 1947, and then from 1947 to 1991 are just an aberration.
Most of the dark ages was from 1500s to 1947. Even Nehru is a much better leader than Mughals and British. I'd say 1947 to 1991 was a twilight age.
I hope his predictions come true. But comparing India to Japan and China is wrong. In the case of Japan they have a uniform culture, one language and also one religion. In the case of China they enforced common language and communism as state religion.
Japan did not have an opposition party that worked against Japanese interests and China doesn't have an opposition party.
India has exactly the opposite of these things. With hindu population declining we cannot say for certain that India will remain a growing economy.
What joker have you got in the show!.. he seems to be one of those blind bhakt types. If India didn't support entrepreneurs bak then how come so many immigrants went onto do so well later on?? India never suppressed entrepreneurs but unfortunately entrepreneurship thrives better in pure capitalism than in pure socialism. The socioeconomic climate during independence dictated that we strike a balance between these two extremes and that is what we attempted and achieved to a large extent, which subsequently helped us to be where we are today --- at the thores of exponential growth. Agreed that there may have been some blunders along the way, but to ridicule the initial decisionn makers is absolutely stupid and immature. Please don't get such clowns in your show if you want it to succeed... sorry but a thumbs down from me!
What was that you just vomitted lol. "India never suppressed entrepreneurs" ??? do you know about license raj?
KVS - that point you made about “what are you smoking” at 10.23s is the right title for this video. If beyond a $15Tn dollar economy the inflation keeps on growing by 5-7% then an economy will be crippled. So in reality the real growth after we become a 15Tn dollar manufacturing economy can’t be above 4-5% and inflation can’t be more than 2-3%. That’s a nominal growth of 7-9% tops after we hit $15Tn.
India needs to grow at an average of 6% to reach $5 trillion by 2029 and $10 trillion by 2047
I admire Indians very much. They brag that they don’t need to pay taxes.
Bharat has to have a laser focus on Ease of Doing Business. Which means breaking down the barriers that stifle business. This is a major challenge that has to be confronted head on. That’s it. That will catapult growth to realise major economic gains.
Excellent Analysis. Thanks 🙏
Really glad you were able to take insights from this conversation and thank you so much for tuning in! 🙏
Pipe dream. Not backed by ground reality. Summa Gupsha.
Great pod cast and lot of new information I learnt. Thank you ❤❤❤
Thank you so much for your kind words, they push us to work harder and produce even better content! Glad you could gain some valuable insights from it and do let us know which other guests you'd like to see next! 🙏
Excellent knowledge shared. I firmly believe that he nailed it. He must really spread such content with broader networks.❤
Indian defence ( private sector) shall be contributing in a big way .
Poor Tea Wala misled by people like him.....
Maharashtra, Tamilnadu, Gujarat and Uttar pradesh will each be 1 trillion gsdp shortly
There's a gap of $700 billion dollars and whose gonna give it😂😂😂🎉
@@chinnakannan9137Maharashtra GDP was 260 billion in 2017 and now it's more than 500 billion.
And the growth was hampered due to corona.
If we assume similar growth Maharashtra will be a trillion dollars economy by 2030.
And Tamil Nadu and Karnataka will follow up after 3-4 years
I don't know which numbers to trust, macrotrends show GDP/capita grew from $83 to $318 between 1961-1991 whereas Prof Subramanian says it dropped from $2730 to $300 bwtween 1947-1991. So if I have to trust both then first it dropped from $2730 to $83 in first13 years and then rose to $318 in next 30 years. Is it ?
Second important point I have is we should talk in relative terms, 8% growth may look trivial If the entire world is in bull economy for next 2-3 decades, So in that case even if India reaches $55T it may mean nothing if USA reaches $100T and China at $150T. So we should talk more in relative terms . Can we become the 2nd largest economy by 2047 ?
USA and China will never let it happen
this is how you offers your tashreef to your godfather , listen is reaction on this question (1:00:41)
If what he says happens in 2047 then smash this ❤ like button like crazy . Hope this happens for our future generations
!! my outlook on money changed when I realized someone making $400,000 can retire broke & someone making $80,000 can retire a multi-millionaire. With the current market movement, you have $100,000 to invest. Where are you investing it?
Yes! I'm celebrating £32K stock portfolio today.i
Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family an...
Ok ai
Value adding to farm produce is one of the solution to increase income of small farmers. This would also create huge employment opportunities in rural areas and sustain farming.
More growth you predict, more smart you sound to Indians(us).
People are becoming so used to hearing big no. And optimism that they often ignore to see reality around them , of inequaliy .
More you criticize the country without giving any solution..
More intellectual you sound to leftist.
Never appreciate the growth, always search to defame.
@@ashutoshpattanaik3650 Yeah sadly,
India hasn't even eliminated castism and caste politics in 75 years.
Women LFPR is same as Afganistan.
Gov teachers has 2x salary than avg income in India (one of highest in developing country). Yet the quality is in bottom 25%.
All institution are filled with corruption hence crony is taking major share of growth.
Small business are dying because of triple shock: demo, GST then pendamic.
Avg IQ of India is 80, which also limit growth.
Cronies can only give growth for few years, eventually growth will go down to 5%.
Also indians think speaking English is educated
Still stuck in colonial mindset
India is also a hindu nation not. a frikin secular
The Real Truth Lies Between Optimistic & Pacimistic
Dude travel from Bangalore to Chennai .You end up paying toll for broken roads
Both states have stupid govts travel from UP to Gujarat you will be delighted
8% growth is IF we grow at that rate. It's like saying if my Aunty had balls she would be my Uncle.😅
isse awesome foodu podcast abhi tak YT ne dikhaya hi ni ,,,,, bindass ,,
Subramanian, the way you’ve explained the farm law is ultimately amazing, so simple words with examples awesome, hats off for your such a deep understanding of Indian Economics,,,
Please bring 2nd podcast asap
thanks to both of you 🙏 🙏🙏Jai Hind 🇮🇳
Thank you so much for your kind words and for tuning in! We will bring him on for round 2 hopefully very soon toh bas thoda intezaar kijiye! 🙏
At that time cooking oil shall cost 15000 rupees peer litre and rice may cost 10000 rupees per kilo. Gold shall be sold at Rs50000.00 per gram
Neon show is amazing 🎉best of luck ❤
Hey Pravan, you've made our day with such a wonderful comment... Thank you so much for supporting the channel and do let us know which guests you'd like to see next! ❤
People are saying that India economy is going down
Most illogical assumption is sustaining an average 7-8% or even 6% GDP growth for 3 decades. Optimism is good but over optimism is fool hardy and one can jump to wrong conclusions. Just look at past Japan South Korea and present situation of China
What will we do with this gdp per capita if our government infrastructure is comparable to sub sahara africa
8% GDP growth per annum for next 23 years is way too optimistic.
Also 5% inflation is OK in near term but won’t happen in long term, Inflation target will become 3% or less.
Too many outlier assumptions
मुहं मे आया तो बक दिया! Delloite, World Bank etc can not Predict India's GDP growth beyond 2-3 years. And How rhis guys is saying India can grow at the rate 8% henceforth till 2047??
because of MODI and YOGI
JAI HINDUSTHAN
@@ssr1857 Modi and Yogi can not make progress of Gujrat and UP, people of these respective states going to other states for Jobs and quality living!
@@kamblegaurav you know the word SCAMS.
YOGI & MODI removed scams from INDIA
That is the reason INDIA will grow fast, if they are in ruling
Usne sirf asume kar ke bataya hai dimag hai ki dhakan
@@rakeshsuperstar6508 यही भारतीयो का प्रॉब्लेम है, कोई कुछ भी बक देता है, और गधे उसे Justify करने आ जाते है, वो भी बिना Logic, Facts के!!
There is not an issue that INDIAN economy surpasses AMERICAN economy
INDIAN population 4 times larger than AMERICAN population
So INDIAN economy must be 4 times larger than AMERICAN economy
THAT IS REAL INDIA
What about the depreciation of rupees, if rupees gonna weak than how we will achieve that figure, may be we can multiply 25x in terms or rupees but not in terms of dollars.
Whatever this guy is smoking, I want some. He suggests that India’s economy would all of a sudden compound. It didn’t happen before. But it would start compounding all of a sudden. Would you like to buy a swamp in Florida?😂😂😂
India has been compounding for the last 30 years. Since 1991, India’s economy has growing 14 times
Rule of 72???
It's economy brother, not a bank FD.
The increasing income inequality is showing a different picture all together.
This rule works everywhere for compounding calculation brother
He thinks the economy works like fixed deposit in a bank.
I said real growth of 1% . He said 8% growth 5% inflation rupee dreciated by only 2 %... something is wrong here.. he is assuming world inflation of 8%.. india depends on raw or manufacturing inputs that will rise at 8% inflation.. even at input level , inflation is at about 6 % so inflation in indi a will be 11%.. 12% - 11%= 1 %.... so india gdp real growth is 1%.
@@biggpicture2930look at actual numbers man. Don’t make stuff up.
India has grown at 7% real since 1991. Inflation has been 5% in last 10 years.
US inflation has been 2% long term since 1990. And USD to INR depreciation has been ~ 3% since 1990 and under 2% in last 10 years.
Kuznets curve explains that . Also inequality isnt problem, poverty is!
It will be around 20-23 trillion USD at max by 2047. I am taking into account compounding effect. Now with 8.2% growth in previous year our GDP grew from 3.26 trillion USD to 3.59 trillion USD. When our GDP will be around 10 trillion with 7-8% we will be atmax be adding 1-1.5 trillion every year and we are projected to touch 10 trillion by 2035.
I think the argument in favour of the developed world is the quality of life being better there and the rule of law being uniformly applied. Its just not the money.
How can this guy claim 55 Trillion that even by 2047??
Even if it touches 25 Trillion I’m more than happy. This guy is nuts.
GDP growth isn't actually 8% . You have to add inflation then you get a nominal GDP growth rate.
Real GDP growth rate+ inflation - currency depreciation= nominal GDP growth rate
Just for example -- 8%+5%-1%=12%
Even at the rate of 5% real gdp growth rate, by 2048, the gdp of india will be 31.64 trillion dollars.
If we work really hard, 7-8% real gdp growth इस well within reach.
I would want to live in a much stronger economy than 25 trillion. If you listned to the entire podcast, this was exatly the question he was answering. Be more precise to ask question on points so I can reply. You sound as if you listnened entire Ramayana and then asking who is lord Ram and Mother Sita.
@@OnlyFactsAndData4829 If someone has pre determined thoughts, then the comments would be the same, as given by the man in question 😂
I think he definitely knows more economics than you.
PLEASE TELL US WHEN 5 TRILLION WILL BE ACHEIVED. MODI'S SELF TARGET BECAME SELF GOAL.
He is talking sense 🙏
We Indians take pride in assesing but never really achieve it, all he is talking is this and that and bullshit
Why did he quit then , He should've remained in Govt to take his prediction to fruition...sitting on the fence & then passing judgements, don't amount to much 🤔🤫✊
He was thrown out when got closer to CIA
@@surejkapoor2292 Then his Opinions on this interview, Is Baseless..., He needs to be arrested First, For espionage..🤔✊👺
@@gordonfernandes6873 Cannot break Indo- US relations because of one clown. This would bring diplomats to fight each other creating enough media attention tampering relations.
@@surejkapoor2292 True, but covertly he must be taught a lesson and made an example, So that no other buearcrat, doesn't dare tred that same path in future, compromising the security of the Nation to divisive & destructive outside powers, much like Putin does, to maintain control & an element of fear, not to cross red lines, which if done, there are serious consequences 🤔✊
@@gordonfernandes6873 He is executive director in International Monetary System. Probably he will be arm twisted to work for common interest.
I have rarely come across a more illiterate in economics former CEA and current ED at the IMF for South Asia... The illiteracy is writ large through his interview. And regrettably the interviewer does not cross question.. Only believes his calculations
37:38 Absolutely Gold
Most of us may not be around to verify that prophecy
A very good analysis. Such discussions of course would be sending shock waves to our detractors so it is better to remain work silently and achieve our goals. India is currently facing the attacks from our detractors what Lord Krishna encountered during his childhood from His uncle Kansa.
Staying optimistic is very key in achieving goals that India wants to achieve... we appreciate you tuning in and please do share the episode with others! 🙏
First we all indian should belive in becoming 55Trillion Dollar economy by 2047.Its posdible.. But v have to work hard. Forget caste and party, only important thing is national intetest.. SIR IS RIGHT!
Goldman Sachs predicts $22T in 2050 for India in 1,870.35$, if you convert it to 1,895.35$ it might be double of that. What's important as I said is relative GDP per capita . According to GS India's GDP per capita will be around 1/7th of USA in 2050 and 1/4th of USA in 2075. I am more hopeful than that, I feel we can be 1/4th of USA in 2047 itself.
In USA hair cut cost is $15. In Rs.1200/-.
1.We are 145 crore people. USA may be 33 crores.
2.USA IS $29 TRILLION ECONOMY WITH $24 TRILLION BUDGET
3.WE are $4 trillion economy with $1.00 trillion budget (states+center)
4.All in all: 1. Average Salaries and wages must be enhanced by 150% and prices (particularly for services) must be enhanced by 250%. 2.Take the example of housing: Today a flat costs Rs.1.20 crores. Same in the USA MAY BE $200 thousand
3.In the housing sector India is closely behind the USA 4.THE HUGE DIFFERENCE AS PEOPLE SAY IS: STILL MANY SECTORS AND SERVICES FAR BEHIND (MY GUESS). 5.SO, THE MORAL IS HUGE SALARIES + HIGH COSTS = Developed / Super economy.
6.INDIAN DEFINITION OF MIDDLE CLASS IS: Rs.1.9 lakhs to Rs.6 lakhs per year
7.Is this not a ridiculously absurd definition (ridiculously low) of a middle class?
8.In reality this shall be adjusted to Rs.18 Lakhs to 25 Lakhs 9.Correspondingly the salaries and wages shall be reformed & transformed.
How often we have had 8% growth in real term? And for bottom 80%, higher inflation of core items- food and energy- hurts a lot more, making effective/real growth lower.
Hats off.. good knowledge! thanks
Appreciate you tuning in Ajinkya and glad you liked this episode! 🙏
India has the potential to become 55 Trillion economy and that can happen ONLY if the present party' which is in power should continue
Every quarter we don’t grow YoY at 8% we would need to grow subsequently even faster. Growth can’t be linear at 8% for next 25 years. He doesn’t factor in recessions that India and the world may face. Too optimistic!!!
True, but 8% is the average growth rate. It already factors in the recessions and booms.
In the comment section many people are confused that with 8% growth how india will reach 55 trillion. Let me clear that growth is real growth which is calculated by subtracting the inflation. So if you see the actual nominal growth it will be more than 10%.
But stlii this guy is incorrect, because how can he be sure that country will continue to maintain 8% after a 10 year, average age of current population is 29 years, with such young population china had shown double digit growth for a decade, and india had never crossed 10%, year by year population is aging so after 20 year india will face same what china is facing today. And considering the democratic and geopolitical condition of india no one can sure that what next government will do. So i can only predict that india will cross 7 trillion in 2030 with current pace.
Bro that time was the 1991 era. This is 2024. People are more socialized and connected to the world through the internet.
Our manufacturing sector and service sector are booming. I think 8% achievable. We already did it in 2023 with the GDP growth rate 8.2%.
I don't think that we can achieve China's growth like 10% and some years were 13-14% but if we work hard we can achieve 9% or even more for some years after 2030.
The world is deglobalizing.. world economy will slow down Business environment getting worse. China growth was when people buying che ap stuff from china. Who is buying from india with tariff all increasing. No one
Your manufacturing booming but who you sell to.. the monkeys from gujarats?
He said 5% inflation but rupees drop only 2 %.. so he is assuming world inflation is about 8%. ;but india imports raw inputs from the world that will be growing in price at 8%... something is wrong with his analysis...
@@RockyMondal-nf5ol Your missing a key change in world politics. Most nations are about to employ protectionist policies. You can never see 10% growth rates for developing nations like India when the developed nations cut the trade. GDP might still grow if higher inflation sustain.
People predicted 13$ Trillion by 2030 in 2015. Now we are staring at 6-7Trillion at best.
COVID pata hai ?
@@abhishek-xd8os Covid only dragged by 2 years. Rest is our structural issues. I don’t blame government but it is simply too complicated to bring and implement reforms in India. Modi is doing his best but that is not enough. People should be more risk taking and ambitious
who predicted 13 trillion , best i saw was 8.2 trillion by 2030. at current rate india will be 7 trillion by 2030 and 30 trillion by 2047.
@@TheJohn222222T5.8-T6.5 maximum.
If you don’t belive it then don’t,come back to this comment section after 6 years
@@TheJohn222222 Dude I am talking about predictions in 2015 not now
Discussing GDP, we should also take into account the population
Free market,rule of law and minimum state is recipe of prosperity
This guy is assuming India will grove by 8% every year for the next 27 odd years. Unrealistic. I would be glad if it happens.
Great conversation 🎉🎉🎉
Glad you liked it and thank you so much for tuning in! 🙏
Indian gdp per capita was usd 58 in 1947 from where he gets 2730
What about the loans we have taken....it will also compound
During Manmohan's period, GDP growth increased by 400%. I read several foreign articles at that time that predicted it would reach $5 trillion before 2025. Becouse we have a natural growth of 200% after 1994 ( if wrong please rectify me)
But in 2013 we becomes Fragile 5 economy and our growth rate was around 3-4% and no one are positive about India's economy
And then in 2014-15 our growth rate touched 8-9% because of economic reforms and ease of doing business
If you see the modi and manmohan singh period the gdp growth were same , but Modi had cuted down the inflation from 10 in manmohan singh to 4 to 5 % now.
We had crossed 5 trillion if covid hadn't came, we lost 2 year of growth due to covid.
@@Abhishek-s1k3g yaa and at last year of manmohan singh our economy goes to fragile 5 economy because of no reforms after 1991 and then in firsst seconds years of modiji our growth rate goes to 8-9% due to economic reforms and ease of doing business in last 10 years there are so much number of startup build and 124+ unicorns are made by economic reforms and ease of doing business and with this very much poor people rises because of home,rasan, LPG , toilet,LED, electricity to everyone, nal se jal yojna , good infrastructure, very low cost internet and many things given by government and also we provided free vaccine to everyone and fress rasam to all Poor people in covid so because of this our economy slow down but now we are on pace, we done unbelievable in manufacturing sector like mobile , crackers, defence,space, automobile, textile, toys, renewable energy, ....
Before 10 years we import this things from china now we export this things and we done so much in business by opening defence,space and all sectors for private companies and now due to very good infrastructure we will attract very much MNC to India , Apple already started manufacturing in India and now they will make maximum parts also in India
And demonitisation destroyed pakistan economy after demonitisation pakistan gdp growth rate goes so down because they are dependent on us their terrestrial network in India sold fake money and because of this they earn from India and also khangress given pakistan currency print machine so they copied our notes and RBI'S most respected position people were also involved in them now modiji focuses on energy independency so that we can become superpower because UAE and all Saudi countries earn through energy and now new energy era will be of renewable energy so we are focusing on energy to become superpower
I said real growth of 1% . He said 8% growth 5% inflation rupee dreciated by only 2 %... something is wrong here.. he is assuming world inflation of 8%.. india depends on raw or manufacturing inputs that will rise at 8% inflation.. even at input level , inflation is at about 6 % so inflation in indi a will be 11%.. 12% - 11%= 1 %.... so india gdp real growth is 1%.