Why have 3 global agencies upgraded India’s growth after just 3 months?
Вставка
- Опубліковано 18 кві 2024
- The IMF, ADB and World Bank have all upgraded India’s growth, soon after their earlier projections. What has changed their minds? Economist Radhika Pandey and Deputy Editor TCA Sharad Raghavan explain in #MacroSutra
---------------------------------------------------------------------------------------------
Read Radhika Pandey's column here : theprint.in/macrosutra/india-...
---------------------------------------------------------------------------------------------
Read the IMF report here : www.imf.org/en/Publications/W...
---------------------------------------------------------------------------------------------
Read the ADB report here : www.adb.org/sites/default/fil...
---------------------------------------------------------------------------------------------
Read the World Bank South Asia Update here : www.worldbank.org/en/region/s...
---------------------------------------------------------------------------------------------
Chapters:
01:38 - The IMF in April upgraded India’s growth to 6.8% from the 6.5% it predicted in January
02:05 - The Asian Development Bank has revised India’s growth to 7% from 6.7%
02:33 - The World Bank has raised India’s growth projection to 6.6% from 6.4%
03:20 - The IMF attributes higher growth to increase in demand & India’s working-age population
03:36 - The ADB highlights the recovery in consumption, exports and investment
04:05 - The World Bank says that South Asia’s growth can be attributed to India, but say it’s driven by public investment
06:46 - Latest outlook shows advanced economies have shown resilience, grown faster than earlier feared
09:39 - While India’s FY25 growth has been upgraded, it is still slower than the growth in FY24
10:04 - For China, the IMF predicts a sharp slowdown in growth, which has pulled the emerging & developing Asia region
11:12 - China’s elevated debt levels also pose a risk to the global economy, including India
14:53 - Fresh disturbances in the Middle East could push up inflation & destabilise current projections of growth
16:48 - The IMF has raised concerns about the high debt levels globally, but especially in the U.S. & China
18:33 - High debt in the U.S. will raise their bond yields, which will result in funds flowing out of India to the U.S.
21:05 - Apart from global headwinds, there are internal frictions that are holding back potential growth
---------------------------------------------------------------------------------------------
Exclusive content, special privileges & more - Subscribe to ThePrint for Special benefits: theprint.in/subscribe/
---------------------------------------------------------------------------------------------
Connect with ThePrint
» Subscribe to ThePrint: theprint.in/subscribe/
» Subscribe to our UA-cam Channel: bit.ly/3nCMpht
» Like us on Facebook: / theprintindia
» Tweet us on Twitter: / theprintindia
» Follow us on Instagram: / theprintindia
» Find us on LinkedIn : / theprint
» Subscribe to ThePrint on Telegram: t.me/ThePrintIndia
» Find us on Spotify: spoti.fi/2NMVlnB
» Find us on Apple Podcasts: apple.co/3pEOta8
As always both of you present us analytical presentation that helps listner to understand complex economical issues of the country, delighted to know commensurating growth enhancement of our country. But sustaining the growth is a challenge to the Government amid war scenario. Many thanks🎉🎉
Modi government has made record infrastructure development in roads and airports. India ease of doing business index increased from 135 to 60. But why is unemployment rate high ?
Poor quality of education... Every second college goer thinks like bollywood / Kollywood hero n think that they can achieve money as easily as a movie hero... Second thing with the given status of Indian Police system , bureaucracy n judiciary & political parties any one with intention of opening a business to earn profit legally n provide jobs to people ... is literally tortured to the core ... Further deepening the unemployment disease... !
Remedy ... Increase the standard of education n kind of regulate the b.s movies that the woods all over country are making .... N bring reforms in police , judiciary n bureaucracy.
Lack of relavent skill set is missing in our youth. Just holding a degree doesn't guarantee a job. We can blame the system and individuals.
@@alpha4502 Bhaktard what happened to Skill Inddia Program?
@@adolft_official if converted like you go to madrasa then we can say goodbye to employment ... :-)
@@adolft_official mulla spotted.
Typo alert in the table. World bank row said 1.2% but actual change was 0.2%
One of the best economic podcasts🥰❤️🇮🇳
Srilanka has gdp per capita of USD 4000. But it went bankrupt last year .
India has gdp per capita of USD 2800 , which is below srilanka. However India foreign reserves are comfortable.
Then how India gdp per capita is lower than srilanka?
Mr. Sharad Ragavan please reply your opinion
Bankruptcy has nothing to with GDP. GDP is an economic activity indicator. It does not present qualitative activity. You need to look to foreign currency reserve of a country to assess whether the economic activity is qualitative. The Foreign currency reserve depends on FDI, Current account balance, remittances, investments made in treasury of different countries by our government, profit brought to our country from companies established overseas by our home grown corporations, donations made by multinational NGOs, donations made by a country to another country etc. Srilanka was bankrupt because the forex reserve fell to dangerously low level. It happened because of blast followed by COVID lockdown which resulted in less footfall of tourists. Tourism industry was srilanka's backbone for forex reserve. Therefore the nation went bankrupt. An atmanirbhar policy of srilanka would have saved a lot of forex perhaps it would have increased with FDI and FII.
GDP measures the total value of all goods and services produced within a country's borders over a specific period, usually annually . It focuses on the value of final goods and services produced for consumption, investment, government spending, and exports, regardless of whether those goods and services are produced by domestic or foreign entities. Per capita income is not directly related to GDP. India lower per capita is due to too much population with limited land and rural set up, rural lifestyle is very cheap, agriculture, no housing, water tax, most economy runs unaccounted and not part of formal economy.
Population of Srilanka is 2.2 crore
India's Population 140 crore
Population bro
They took a lot of external and internal debt which they had to pay in usd, of course they failed to repay,thus they were termed bankrupt
Sad news for indi alliance😢🙄😏😭
Yes Bhaktard, Manufacturing sector's share of GDP in India declined from 17% in 2010 to 13% in 2022
CMIE report shows that employment in manufacturing sector in inddia fall from 51 million in 2016 to 36 million in 2023
@@adolft_official libtards and sickulsrs crying everywhere with 5% inflation with congress having 10% inflation for 10 years, and now with india fastest growing economy , crying everywhere in comment sections🤣😂😁😆
@@adolft_official Hello Chamacha of Congress.. We are sick of Chamachagiri n India that is Bharat has come out of Chamachagiri for good 👍🏻 😂😂😂😂😂😂😂😂
@@adolft_officialchal hat mulle Lahori… Ghar mein aata hai Kya 😂😂😂😂😂😂 😂
Perhaps for this also some will go to SC for stay orders
☺☺
Just one audience Q?. Many things were repeated from previous episodes. Overall nice analysis. However, you need to take at least 2-3 audience Qs.
We always seek validation from so called Global agencies
Coz Pajjeets can't even have an indegenous government system. The Current one is a British Raj government system, No National Language , the courts are setup by British, Polics Laws, AFSPA. Severe Malnutrition has casued low AVG IQ in Pajjeets and The British elites of Inddia have no will to improve it by spending on PRIMARY EDUCATION
Because BJP bought them using Electoral Bond: Rahul Gandhi
😂
International L wing wants Modi out while international business interests want Modi win.
They will update again so nothing new in that
‘India’s Income Inequality Is Now Worse Than Under British Rule, New Report Says.
A new study from the World Inequality Lab finds that the present-day golden era of Indian billionaires has produced soaring income inequality in India-now among the highest in the world and starker than in the U.S., Brazil, and South Africa. The gap between India’s rich and poor is now so wide that by some measures, the distribution of income in India was more equitable under British colonial rule than it is now, according to the group of economists who co-authored the study, including the renowned French economist Thomas Piketty.’
- TIME, March 27, 2024
The moment you see anything from Picketty , you know it's heavily biased. He used bad data in this analysis for example
@@ravindra7791
Send ED & Tax Dept to intimidate him 😂
@@mg.f.9023 Picketty has a track record of making up and cherry picking facts even about other countries. He is one of those who makes a conclusion and then goes searching for facts
@@ravindra7791
Even if you ignore Picketty, check what other world organizations have reported on India's inequality.
@@mg.f.9023 Which ones, most are quoting Picketty and writing columns based on it (like Andy Mukherjee from Bloomberg)
why cant u consider indonesia....that is growing more than india and look at their per capita income growth...
‘India’s share of the world’s extreme poor is higher than its share of the world population.’ - TheIndiaForum May 2024
‘ECONOMIC INEQUALITY IN INDIA: THE “BILLIONAIRE RAJ” IS NOW MORE UNEQUAL THAN THE BRITISH COLONIAL RAJ’.
- WID World 19 March 2024
It's made up data from Picketty and hard left media. They want people to be poor and themselves to be in charge
Income inequality is not a good measure under all circs. Consider a country of five people, and they all remain poor income, inequality will be low. However, if one of them succeeds under improved business conditions, then suddenly income inequality will become high.
are you a bot?
idk. very suspicious behaviour.
@@yourstrulytk12worldaffairs
Truth hurts? Andhbhakt!
@@mg.f.9023 what truth
I give u 2example. Tell me which is worst
Case 1: 10 people all have 2 rupees (no income inequality, British Era)
Case 2:
7 pple = ₹20
3 pple = ₹200
Huge income inequality
Which case is better.
India is face the 2nd right now.
There r extreme rich, n those who r poor r not extreme poor