Is India The Next China?
Вставка
- Опубліковано 26 чер 2024
- Although India has lagged behind China since both countries opened up to the world in the 1980s, the Indian government is now taking steps to finally challenge its biggest economic competitor.
---For the latest political news, analysis, charts, and dispatches from around the globe, sign up for Balance of Power, a daily newsletter from Bloomberg Politics: bloom.bg/300BJ6d
#India #China #BloombergQuicktake
Like this video? Subscribe: ua-cam.com/users/Bloomberg?sub_...
Become a Quicktake Member for exclusive perks: ua-cam.com/users/bloombergjoin
Subscribe to Quicktake Explained: bit.ly/3iERrup
QuickTake Originals is Bloomberg's official premium video channel. We bring you insights and analysis from business, science, and technology experts who are shaping our future. We’re home to Hello World, Giant Leap, Storylines, and the series powering CityLab, Bloomberg Businessweek, Bloomberg Green, and much more.
Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.
Visit our partner channel QuickTake News for breaking global news and insight in an instant.
when a USA media starts caring about u, u'd better be cautious.
CIA moment
but also when usa starts to talking about you, which means you are in somehow powerful, like America in19th century was seemed as a country filled with new money.
*CIA autobot* note user Heran Shen
Well , it’s going to be a dirty alliance against China anyway
Kinda ironic coming from a mainland Chinese
There exist a word "steal" in English dictionary I don't think "extracted" 45 trillion dollar works right here.
Western media always cover up the bad things they did in the past. They somehow wanna justify imperialism
Steal is still one thing
But 45trillions were 'looted'.
I know we Nigerians and Indians don't always get along. But don't think you were alone in this. Britain extracted a budget surplus from Nigeria every year since it inception as a colony and that surplus was then sent back to Britain, with only a small amount being sent back for development.
The British destroyed our native textile industries by force and did the same in Egypt which was a major cotton producer. I always chuckle when a British person says to me, what does Britain owe all its former colonies? my answer is "quite a lot actually" lol
@@rahuladesilva7686 European American : September 11th NEVER FORGET!
Random Nigerian Man : Yes yes, some Arabs attacked you, but you need to move on. Forget about it and let it go. It was in the past!!
Do you see how you sound?
That word is 'loot', which incidentally was looted as well
As a Chinese, I wish success ahead of India. One more old civilization stands up to western imperialism and hegemony exploitation is better than only one.
Exactly
fully support from China
Asia was better before it was colonised until the white invaded and seperated countries in Asia and they are benefitting from the problems if all the countries are together without the west its a threat to the west
Hi. I wonder why the two countries fight. We never had ancient enemities. China has great electronic manufacturing hubs and Indians excel in medicine and software industry. If we too work together no one can beat Sino-Indian confederacy. I wish the two sides will bury the hatchet and become friends like they were always been before the arrival of the Brits.
@@sridharkrishnan1591 Chinese don't think like this
Accounted for 25% of global trade. Then, came Britain.
-This sums up everything.
You're so gorgeous.
Still keep on bashing Mughals and Muslims
In 1950, Korea, Pakistan, China and India are roughly on same level. Now each country has reached different levels.
@@imyusuf Well, how many temples do you see left standing in North India and Pakistan? How many pre Muslim buildings left standing? Foreigners did cause a lot of destruction. Also, India had universities like Nalanda. They were destroyed too and the native scientific/medical schools were uprooted. Should we not consider these aspects as well?
@@imyusuf never knew Britishers were Muslims.
Extremely disappointed with Bloomberg using the terminology of British "extracted" $45 Trillion from India vs "looted" or "Stole." In India, British govt. would have signs in front of buildings saying "Dogs & Indian not allowed." British massacred thousands of unarmed Indians through police firing at a Park in India (jallianwala bagh massacre). During World War II, the famine-like conditions created by British by stealing resources from India to support the war led to about 3 million Indians dying at the time.
I am a regular viewer of Bloomberg but this video really disappointed me.
They also masscare more than 20% of sri lankan population in 1848
woe to the conquered. Dont be so easy to conquer then. The uk had very few troops in india, it was indians themself that allowed and did all these things.
@@someguy7723 Pretty sure your perspective in regards to ethics are highly lacking mate. Come back when your head is in the right.
@@saianvesh3753 you gonna complain that the global empire of the UK didnt treat you as nice as you would have liked? They took your stuff, sure but thats was empires do. They gave in return much needed land and legal reform. India was a stone age state when britian first came. Be thankful that they didnt just take stuff.
The problem with that perspective is that after the British left and stopped extracting things got even worse for a while.
The extraction wasn't nearly as problematic as the License Raj. India would be wealthier than China today if they didn't embrace dirigisme
Agriculture -> Manufacture -> Service
India skipped the manufacturing part
Because manufacturing was highly regulated by government. So service sector was only way to make money.
Not true
@@hmmumm2164 that's true
@@donchen4906 not true india manufactur everything
@@hmmumm2164 everything? A very simple example that India can't build is tunnel boring machine. Even China won't say it can build everything
As an Asian, I hope all Asian countries can be stronger, we have experienced too much destruction and humiliation from the Western world, just because we are not strong enough, cooperation is more important than comparison
I think if asian power except each other interest we would dominant the world Asia will retain its lost glory our ancient power never collided with each other in ancient times China and India each GDP were 25% each total world 50% GDP golden bird will fly again in sky
Only if asians know there worth bcuz some Asians still most focused on western country such as their companies,awards,fame etc 😏😏
In my opinion, this is not the right mindset. Kind of victim mentality. Whether it is true that influences from the west existed in the past or not one should not take retaliation as a way to motivate oneself. We need to focus on the future not the past. I am telling you this as a fellow asian ✌️
western countries skip agriculture part even though electronics cant be eaten
So true man, Thats y we hate CCP
Ccp is busy taking Asian countries down
Nd bullying poor Asean countries
As a chinese, I really hope india can succeed in own manufacture. India and china should not regard each other as enemy. We should partner with each other with mutual repesct and trust to boost both countries' economy.
People distrust CCP not the common Chinese people . Certainly old rich Chinese Civilization is respected a lot. We also respect the Chinese travellers who came here during ancient time for Buddhist learnings. Their experiences helps a lot in understanding history of that period.
You're Right
When Pakistan Collapses
We Just Want Kashmir And Sindh
Balochistan Should Be Independent State
You Guys Can Take Punjab And Khyber Pakhtunkhwa😜
Jokes Apart INDIA And China Should Be Friends🙏
@@Crispr_cas9th some chinese live in US too.
In this Ukranian Russian war India Russia and china should come together
Each one get one country
China- Taiwan
India- anything Nepal/Bhutan/Sri Lanka/the whole kashmir
@@tujhekya2046 tujhe kya jab dono sath mai aa rahe hai
"Can India be the next China?"
Bloomberg: " *yesn't* "
Ez'nt
🤣🤣🤣
Haha
Difficult
NO WAY
The bigger question is 'will the US allow India to become the next China?' India's economic rise would pose yet another threat to western hegemony.
India can succeed if India can produce products as cheap and same quality as China's.
If there is a similar Indian product in US's store with same price and quality with China's, more than 70% customers will buy India's . . . but it's sad that India just can't produce it . . . .
USA will take a peaceful democracy willing to collaberate over a authoritarian dictatorship any day
It won’t. 😂😂 The US has always kept countries at its control. That’s why non-communist countries aren’t able to surpass the US in terms of economy and hegemony. The only one that posed a real threat in terms of economy and hegemony was a communist country (former Soviet Union) and now China (communist too).
They can't allow that happen again
@@RaulGonzalez-rs1be you forgot japan and EU which posed a threat, but like u said they are tamed by usa
if you think China has a negative political system, then how does it continue its growth with strong domestic support, while "democratized" India has a disordered and short-seeing government. India may become the next China only if it can learn from China in the right ways, not the ways taught by the western media.
Well said !!!
Well China's growth was based on western money ,,, if India too have liberalised its economy fast enough ,,, our economy would have been much bigger then what we have in present
Well what about Russia North Korea and Venezuela and many more they are democracy why they are still struggling...In democracy growth is slow but long elasting like USA....
China does better than India because its average IQ is more than 20 points higher. If you compare China to a comparable country, let’s say Japan, China has a GDP per capita under a third of Japan. Had there never been a communist revolution in China, they would be much richer than they are now.
@@Lerppunen dude you understand that average iq can be increased with better education ... ?
I like how you are countering china but your own argument is rigged against you
Yes, but in a very different way. India has realized it has to walk its own way and defend its own interests. Not be America's puppet.
From the puppet🖕🏻
印度现在就是美国的小弟
"Can India be the next China?"
Bloomeberg: "Yes, but actually No"
Probably never
Maybe whomever know
"No, but actually never"
No bro, Religion first, then Mandir, everything after
Edit: All the snowflakes down here, a truth always hurt, so stop trying to give any explanations.
India is not china we are ourselves we have to use our own methods
"80% of it workforce is forward caste"
Source: trust me vro
Savage tree
Maybe they don't know about reservations. And even if for argument's sake we believe that private sector does comprise of 80% "forward caste", its not like all those opportunities were reserved for them.
@@metanova1568 true
For real like this video is utter bs
@@vinayakdwivedi1455 Europeans ne kaha hai to theak hi hoga
(Sarcasm)
"For hundreds of years, the Indian subcontinent was among the richest places on earth, accounting for an estimated 25% of global trade. Then came the British." Sounds familiar!
Before the British came, did you have a united country? If not how did you get that 25 percent?
@@diyerwoo2899 indian lands were ruled by different different royal charters until Britain invaded and made it an United country but the sad part is Britain did the same as turkish, Mongolian and mughal emperors did, they looted India's wealth, treated indians as their slaves.
@@jetxxxx287 Kid, India do not exist before British India, and even if the British looted, they looted it from the Mughals.
@@THELASTWORKINGTOILETOFINDIA Mughals rule was ended by Marathas and they only rule in their red fort. And British looted from common people like dacoits.
@@diyerwoo2899 Concept of India a.k.a Bharat always existed from ancient times. In ancient times there used to be a Chakravarti Samrat(King of Kings) who was the ruler of all Kings. Different Kingdoms were like different states. And everyone knew that they live in a particular kingdom of Bharat(India).
Small English speaking minority?
"India has the 2nd largest population pf English speakers"
It is a minority when compared to other languages in India, especially as a percentage of population.
No wonder Indian languages account for the 4 of the Top 10 most spoken languages.
@@thebestevertherewas in that aspect, every language in India is a minority. Every state has its own language. So company should only open their offices in one state and not expand?!
Logic?!
@@thebestevertherewas Check the number of languages and dialect the nation has, more importantly a majority is wither bilingual or trilingual thus this statement is sheer ignorance
印度人居然以讲英语而自豪🥴🥴其他国家比如法国德国中国日本以讲自己的语言而自豪 他们都是被世界认同成功的国家，你们印度人。。。
I stopped taking this video seriously the moment Andy Mukherjee started with his "expert" opinion. One glimpse at his Twitter timeline is enough to identify that this man has an agenda and has his set of favourites. An objective observer instead, would have been appreciated.
@bibek gurung ok sinophile, wish you the best
@bibek gurung in yoyr dreams 🤣 now india is already a military superpower and eventually india will become a ecnomic power too ( Rome was not build in a day)
Right. What can you expect from the videos made by US media except their eye-catching titles?
@@killerruinof2305 build toilets first then we can talk about being a superpower
@@binyamina8850 FYI, more than 100 million new toilets have been built for people who don't have them. Now it's upto the people who decide what to do with it...
I was born in India and I had no choice. Always wanted to move abroad. Never liked anything here except my family and friends. The complex systems in every department of life and state here are consuming. But after I started looking at everything from a broader perspective not just western one, I kinda feel like we're doing fine. I don't wanna take pride in our rich history. But in present scene, there's a great number of people living extremely difficult lives here. I accept the truth and will contribute to whatever I can. Blaming and accusing is not gonna help. We'll make this. Peace🙏 🇮🇳✨
Best comment ever 👍
Believe it or not China started of not to dissimilar from if not worse than India (economically).
@@Cakemake-123. 👍🏻yep👍🏻
Let's all do our best
I feel the same everything except i take pride in our rich history.
nice comment.
Yes of course India is a great and ancient country same as China
Blessings from China
It will never happen. Too many foreign economies rely on China and have invested there for the past fifty years. Where else can you get a controlled and willing workforce? Not in India. The Indian economy is notorious for corruption, poor quality and workmanship and lacks the international calibre of China. It will always be an also ran.
So true
Making a video on India is the best technique to grow on UA-cam. Well done Bloomberg ❤️🔥
🤔🤔🤔🤔
Yeah 😂
Same like foreigners making reaction video Watching Indian movies and eating Indian foods 😂
Not really. Even though it is high in population, India has a spending power that is way less than global average, making ad revenue in UA-cam also way less.
Bloomberg is anti India
So what to do? Ignore India?
Over the years i read a lot of articles from Andy Mukherjee. Never heard anything positive he said about India in all these years.
He is critic not cheerleader
he is bengali, what do you expect? the elected the communist govt that ruled the bengal state govt for around 60 yrs, that made them from their richest state in india to one of the poorest. i guess this is their way of coping.
@Indyck Monkey yeah sure ...
@@shirish_yt On point mate 👍
@@dipjyotidas8864 you'll out in next NRC.
The reason why India lags behind China is structural, including objective factors, but more importantly, its own subjective factors. As the late Prime Minister of Singapore Lee Kuan Yew said, "If Indians cannot shake off their inherent mindset, they will miss out on development opportunities."
Which exactly happened under the 45 yr monopolistic govt. But it will take time rome was not built in a day
As a Chinese，I think India and china are like two sides of coin，totally different but in a same mode
You can't trust Andy Mukherjee's opinion. He is usually a "glass half-empty" kinda guy.
Especially against Modi government
@@5029rahul yess
Most Bengali writer are .. especially when India is compared with East Asia .. they are prejudiced about India.. strangely Bengal is 3rd poorest yet they don’t learn anything from next door Bangladesh.. 30% population living in Bihar Bengal and East UP are the biggest drag .
@@kukush1071 if I am not wrong West Bengal is far from being poor in terms of Indian economy.
Modi is a tea seller 🤣
Complicated uncertain taxes ? As tax professional , just reading dozens of tax cases in India , the pattern is obvious for me, dodgy western companies who are only looking for cheap labor and through all the methods available such as unfair transfer price, conduit companies avoid paying taxes in India.
Yeah, that's how they are making massive profits up till now
Can You Explain 200 % tax on cars and 40% tax on Iphones and 50% tax on memory card.
Imports from China have duty...explained now
@@manishnag1375 import taxes are not the same as corporate taxation. High import taxes incentivizes local manufacturing. The 200% tax help build India’s auto industry, companies that want tot tap into a large auto market need to build here instead of importing
@@manishnag1375 India imposes 100% tax not 200% on imported vehicles that too on vehicles costing over $40,000 which are considered as luxury vehicles with that price point in India.
And for memory cards it's 18%(GST) only.
And the tax on importing smartphones is not applicable on just Apple it's applicable on other brands too, for a country where people on an average buy smartphones worth about $200, iPhones with their $1000 price tags are just luxury items.
"These taxes are there to tax the rich who don't pay their fair share of taxes and also to boost Make in India campaign..plus it also have support of people.
I don't know where you are coming up with these wrong facts.
It wont happen as long as they use the earth as their toilets.
Even government build alot toilet but ppl refused to use it they rather shitting outside
Everyone in the world do toilet in land instead of washrooms.
To tell the truth, if India is very powerful, it is not necessarily a bad thing for us. Instead, it can become one of the forces against western hegemony. So I also hope India can move on.
yes bro, two of the oldest civilization aren`t fool that they would go to war. I we think India is using it as an opportunity like invstments, just like western countries invested in china arming against Russsia, one both countries problem are solved world will see the massive grownth in Asian power.
true, have you ever noticed how united white countries are, and how divided rest of the world is? Africa is divided, Asia is divided, but white countries are so united. That's why we are lost always. We have to be united just like them for having a better economy, and a society.
You're a fool if you think China and India would team up. Just like any other country in the world, their own self interest comes first. With the global economy and its competition... Of course they will be at odds with each other.
India is the next India
🤣🤣🤣🤣 true
India is the same India it's always been. Poor, uneducated and poverty. It's GDP in 2020 is lower than Africa yet you have Indian newspapers proclaiming they are a superpower 🤦♂️
Nah, India is the next Bangladesh
yep, same as always
@@ScoobyDoo-zp1sq Spread your Propanganda ...!!! Somewhere else.
The main problem is
We just don't have enemies out side but also inside
Which enemies?
We don't or we do have
@@charantej4086 yep grammatical error 😂😂😂😂
BJP biggest enemy
Dafug... America is our enemy... Why do you think they keep our rupee value lower?? Why do you think the media paints china as evil?? Because China is above them.. India is coming up. Do reasearch about how the CIA killed our top nuclear scientists in the past.
Cannot compare with China China is a technological legend but India still a child need to travel a lot this is the fact
Now now China has a capable to challenge with any country across the globe including America don't forget that
As a Indian I tell the fact I do not underestimate my motherland home country but accept the fact
That will help to develop us
India just India,not next China.
on 1992, India and China has nearly the same GDP per capital, tell us why India is still so poor & weak and China is so rich & powerful now after 30 years?
Yes taking over USA
India is developing, its not weak anymore and soon it will catch up to USA and China
Another Western media missing out a lot of details!
chinese media
what are those details exactly?
@Lt.Boomer Taiwan is country
Social credit- you are dead
No one in the west knows anything about any Asian country... except Japan.
We're obsessed with our own cultures, for some reason.
@@InternetMameluq everyone knows about Japan because of anime and now Korea for k-pop. World knows about west particularly usa because of Hollywood. Even though bollywood is famous it has culturally contributed less to india and made a stereotypical culture famous about india.
As An Indian I Have Respect For Chinese People And Their Determination To Be Successful, They Have Pulled Out 800 Million People Which Is Phenomenal Achievement.
No india is just the next india🙏🙏♥️🙏
Retrospective tax problem is solved now although government should have done it pro actively
@Human Rights who are u do u even know about India have even ever visited India jai shri ram
@Human Rights have some pork and chill
Gift of Pranab...
@Human Rights how is your name human rights while you abuse humans in your comment 😂😂😂
If the company has to stop its business in India it should notify the Government. They may resume after they get the permission from the government. The companies bully the state by evading taxes and then threatening to leave the country if the government takes a stern stance.
China did not grow by bowing to Corporates and MNCs.
If the companies want the Indian market they have to play by our rules.
Chinese smartphone and Car companies were made to do this....
The government should take a similar stance with all other companies. The state should be the ones bullying the corporates and not the other way around.
india is not next china
india is next previous bharat ❤️
That would be awesome
A bunch of city states that would be taken over by a large Muslim power?
@@theanglo-lithuanian1768
Nah we now have access to "Principia Mathematica" and Gunpowder.
@@Trials_By_Errors "Gunpowder".... You can say thanks for China and then the Mongols/Muguls for that.
@@theanglo-lithuanian1768 read the puranas you'll find out the roots of gunpowder....
And go to school , stop studying in madarsa..... 🤣🤣🤣
The only thing certain that Inida will be the next China is populaiton.
India can be the world biggest producer of goods but always pulled back by its people from achieving greater heights
Before watching the video, I thought the topic lacked insights, because there's hardly a comparison between India and China whether it's politically, culturally and system wise. After I watched the video, I understood that video was not really about China nor India, but more about US's agenda because it is decoupling with an adversarial county. But doing so, it also needs a country replacing that. It's like China and India are two chess pieces on a board game of international relations with respect to manufacturing, technology and to some extent geography.
Finding an alternative source path, regardless of its quality in the first stage, this is exactly what the US govt has been desperate looking forward to. The pandemic drastically slowed down this process though.
@@hwf090909 疫情终究会过去，脱钩最终会完成。
@@hlccn1 感觉印度对国际大公司的吸引力在于内销，纯出口产品东南亚其它国家更具吸引力。
Perfectly well said
If India grows strong but turns not obidient to the US, beware: they will be the next China!
"Modi's make in India is threatening growth"
Well that's it. I thought this would have been a non biased documentary
If some documentary shows facts against your dady doesn't means it's biased. It simply means your dady has done something wrong on his part 🤣🤣🤣🤣
From demonetisation, Indian economy has only worsened thanks to UNBIASED modi 🤣🤣
Aur dalo dharam ke nam par vote 🤣🤣🤣
Just look at the export of India after make in India initiative
@@pankajbhagawati2984 very less than china'a
Employment at worst in 70 years
Pm cares fund fraud
Gst destroyed economy
Demonetisation destroyed economy
G@y $hree #@m
@@Ezzniguh This topic ain't for toxic teenagers, complete your school first kiddo
@Anurag Chakraborty It was around 5-6% before covid, so not bad not terrible
Let's do a math work, China's GDP is currently 5 times that of India (US $). If India can maintain an annual growth rate of 7%, and China only 5%, India will surpass China by 2107.
😂
India is a global superpower in Mouth Cannons.
Andy Mukherjee?!?!?!. All the articles that he has written or the ones that I have come across always turned out to be 180° of what he writes in the end lol.
🤣👍🏻 yes but women worker isshue is real 😗😙 our government need too work 😋on that
Omg I thought u commented 13 yrs ago, I had to check
U got me🤣🤣🤣
@@polarbear7 Yeah.
@@sel9053 😉😆
Why so many wu/mao activity in the comment section? Is ccp that worried about its image in the outside world??
India lacks a real revolution from the bottom of the society. That was the key to the success of China.
@@Capsensor Thanks to acknowledge the success of Chinese people to defeat "Arabic Spring". The whole world knows how that turns Libya, Yeman, Egypt, Sudan etc into.
@@Capsensor Did you see the tank run over "tank man"?
@@Capsensor That Massacre was how many decades ago? at least 4 decades?
Heard of Kent State Shootings in America? Vietman war and abuse of agent orange and its longterm effets on civilians even till this date? List goes on.
Literal degenerate.
The caste system in india doesn't help its growth. Moreover the corruption is hella bad
It sounds communist to me.
Bruh india is not communist like China, India just needed a proper leadership to guide. "Internet a place of dumb comments"
India needs to open up its market more, make it a little easier for private sectors for technological progression.
india never becomes like china
No, and I say this as someone that prefers India over China, but the bureaucracy is a nightmare; democracy is both a friend and enemy of big business
Not democracy caste creed corruption based politics
China has bureaucracy as well, but just a different type of bureaucracy. Nevertheless Chinese economic accomplishments over the last few decades are impressive to say the very least. And plenty of bureaucracy in the US and EU as well.
@@coreyham3753 The difference between Chinese/American bureaucracy & Indian one is that the latter was created by the British East India company that was tasked with the duty of exploiting Indian peasants. America & China built their own bureaucracy after independence while India inherited it directly from the English company whose main business was to extract resources from India. Although this is changing due to digitization, the recruitment process is now more fair & square than in past as civil services exam are now conducted on-line & you can see your answer sheet later on.
@@alchemist7412 No doubt you are correct. The system in India largely grew out of centuries of British colonial rule which became the foundation of Indian government once they finally achieved independence.
@@coreyham3753 As a scholar once said, Democracy is great if there are great portion of highly educated population......But India has a low literacy of -74% while China is 99.83% if not wrong. And now India has overtaken China in total no. of population. Some ignorant lot r celebrating about freedom,,younger workforce, etc but forgetting it also come with more problems and burdens like education, foods, housing, healthcare, schools, opportunities, jobs, growths, energy, etc.
Andy Mukherjee trying to pass off as an expert
So You are Some WhatsApp University Expert Or what
@@manishnag1375 Better Whatsapp University than listen to establishment elites at NDTV and shady NGOs manipulate you.
Atleast there is democracy of opinions there.
@@MrDeltaNoir I Don't Deny Anybody Right to Open His Mouth to Express Himself Or Herself, But It Must Be Civil and Only Rational or Logical, And Argumentative Not Dismissive, If You Don't Like His Opinion, Give An Argument With Reason Against it, Not Be A Troll to Just Pass A Comment, Take The Chance And Point by Point Refute his Arguments.
@@MrDeltaNoir OK andhbhakt 😂😂
@@prernavaidya3461 andhbhakt bol diya abh argument jeet hi jaunga.
India will be the next Bangladesh is more correct.
????
@@adityapandey4415
???
🤡
to be honest at this point India need some kind of miracle or revolution....
Short answer : no
Long answer : NO, BUT IN UPPER CASE
thank you sherlock
@@edhiepitz ur wrong
Indian Economy will boom in next 8-9 Years ✔️
But India will never be Agressive like Communist Nation that's for sure ✔️
@@PoorPakistanisSurrenderwasFant dude your country aggressively attack pakistan& china in 60s and even do genocide in goa to assimilate their land to indian. Sorry, i don't buy your bull dung.
@@edhiepitz Go and read history kid, India fought 3 Major War 1962, 1965, 1971 and 2 Major skirmish 1967 and 1999. India never started first but still won 5 out of these 6
"I am not afraid of today's India but with the potential of India"...India's pharmaceutical industry...
no need to afraid of india
we are not like china
we follow 'WHOLE WORLD IS A FAMILY' principle
@@lokeshpandeypvt.ltd.1106 We know how your current regime hates Muslims. So, don't talk about whole world is like family.
@@makingofkira8710 loving a religion doesn't make hate for other religion
@@shivanshbellamkonda6898 true
@@makingofkira8710 that's what I said if someone love Hinduism that doesn't mean they will have islam
India has economic and social thinking that makes is hard to seize the day. The government of India has an amazing ability of self-sabotage. I visited India in the 90s and saw first hand how government policy kept the economy weak and the people poor. It remains protectionistic to this day. India, I wish you well, I just dont see how your leaders are taking you forward. Best wishes to India.
yes, it will be. That is all over the world wish to see.
It’s absurd even to make such a comparison. India still lacks in every sector if we compare with China.
As a Chinese，India is always keen on comparing to China In any respect，I think India should be more focused on their own development，It's boring to compare with others，China has never made it its goal to surpass the United States，We are just running, at our own pace, according to our own plan，Has nothing to do with any other country
Yes, but notice that this is Bloomberg posting, it isn't an Indian outlet. It is posted from a US point of view, also, it seems a bit agenda driven
Oh that's why china was faking it's gdp by adding 2 percent extra each year from 2008??😂🤔🤨
Why the jealousy .did China look at Singapore and pave the way for the same growth and being dictator communist and killing all the minorities there.
@@abhilashmehera3813 but this does not change the fact that we are poor
@@nicholas11417 You are the only one typed jealous here.
No. Saved you 21 min.
I don't bother cause find out India is hopeless kind of hilarious
@@snowzyk4636 same was word for china 2 decades ago and see now
Tables turn and you don't even know
They made my dad and me wait 1.5 years to give a piece of paper to build on our own land. That’s India and it’s bureaucracy foreign investors are better off with China.
India won't be another China, but will be another USA because they both are democracy countries.
I'm an Indian, but I think India's infrastructure is far worse than China so we have to focus most on our infrastructure if we want to compete with China!!!
far worse than china? 😂lol China has the best infrastructure in the world.
No, not infrastructure but the actual governance and political system. Once governance is changed, infrastructure will come naturally.
@@turtlesoup8134 all three actually, yes
@@turtlesoup8134 Yes, each proposed project passing through years of bureaucratic hurdle is one of the major reasons
@Akashoreki, don’t blame your infrastructure, or the government, or colonialism, its your religious, caste driven society, democracy is fake in India.
BTW when talking about infrastructure, no country can compare to China’s even Japan, the US or Europe, not because the Chinese are the smartest, it’s because China’s infrastructure is built recently (less than 20) while the US’s systems is over 60 years, downgraded badly but the government has no money to repair, and NOT because the US is broke, it’s because it spend too much on military : over 700 billions/year.
This isn't the complete picture. I've worked on 2 of 3 tax dispute cases mentioned in this video and others not covered. Let's just say there was a basis for ITA to bring the cases and these were instances of tax avoidance through tax savvy restructuring which was borderline questionable. I expect better investigation from Bloomberg before referencing examples.
Being critical of tax elusion? You must be crazy
That would be expected I think, thank you for making this comment! These companies are always trying to pay as little as possible, not taking into account any moral aspects.
Technically yes, GAAR does plug loopholes. But retrospective taxes are simply bad in law.
You missed the point. Bloomberg criticized India based on the final result, Foreigner Manufactory left India. China went through the same challenge. CCP hated and still hates Capitalism that robs the worker. But Deng settled the dispute by saying "the only reason foreign investors come to China is Making Big Money". This is such a Simple Truth, just like his "It does not matter whether it is black cat or white cat along as it catches the mice"
Leave morality to religion and zealots. Blame the lawmakers and bureaucracy, for bad regulations and then the double whammy of penalising retrospectively. We need less government, better regulations and a strong professional body for Chartered Accountants, which upholds professional integrity.
India will be superpower 🇮🇳🔥💪
Being Indian i don't want my country to become like any other country next. I just want her to regain her lost glory, The golden bird 💖
Bharat mata struggled a lot for many years. Wanna see her happy 😊
So beautiful comment 👍✌
What works for China is that the government along with the industry decide without having to get approval from its people. I also think that culturally, China's people accept self sacrifice in the present in order to improve nit only their chance but the overall rise of the nation and that is something that is unmatched anywhere else in the world.
In the U.S. we cannot even agree on improving our roads and meanwhile China is building thousands of miles of bullet trains.
I think like the U.S. the fact that India needs to get buy-in from their people makes their situation a lot harder to implement the systems necessary to grow.
While I would not like to live in a totalitarian government, I do think that China's business and semi-capitalist model is proving to be unbeatable.
I truly don't know how any government run by old incompetent legislators, all working not to improve the nation but whose whole purpose is to trip the other party for their own gain can prosper in this new economy.
我们信任我们的政府。
All advance decisions are costly. Once the result of being represented becomes worse, the reaction of Chinese people will be much stronger than you think. This may be beyond your imagination.
Healthy perspective. That is exactly how many Chinese think, the importance of sacrifice and efficient/responsible leaders for government.
What Self Sacrifice ?
Are chinese citizens given an option between sacrifice and protecting ones own interests.
No. CCP decides things on behalf of citizens. There is no choice. Its not sacrifice its compulsion.
@@offred6013 A different culture and they accept their government's decision. Not everyone sees the world through western eyes.
They talked about retrospective tax disputes with different companies but didn't mention that India buried that law several months ago.Thats prime example of picking your choice of selective data.
And honestly, I don't expect much from western media.
Exactly they selectively choose those things and ignores most important part
Then how do these western media calls bjp right wing:)
These pepole picking stones in sea let them pick in last they tired and move on
The right representation would be that "India buried the law few months ago after having being introduced a decade ago, which literally killed many businesses".
Btw.. they did mention that India has stopped allowing retroactive taxation.
GO INDIA. GRETINGS FROM GREECE
From Bangladesh: our dream is to build Golden Bangla of Bangabandhu’s dream, that dream united our nation for freedom & national rejuvenation. Our goal is to become a develop country at the end of 2050. I hope India and all Asian nation can have a rich, prosperous future.
Bangladesh is really rocking now adays
"What worked for China may not necessarily work for India."
Especially if Indian people don't work like Chinese people.
hahahahaa
another way of saying
"Nothing Works in India"
@@maximme yes...fundamentally only india works for india...other country ways and ideology won't work here😁
India soul is very different from the world.
@@maximme we indians know how to wheelup the nation. Foreign nationals can't do anything here. Without including Indian brain in india, no one can do a Sh*t here.
We don't even want to become next Cryna💩🇨🇳, we will become next India, and 2 $ Foreign comments won't even hurt, but we will definitely work with Russia, China to spoil your capitalism.
You should not be proud of OVERPOPULATION!
meh... Look at China... seems to be doing fine..
China is strategically advocating 3-child policy even its population reaches 1.44 billion.
You shouldn't be proud of plummeting birth rate either. In the end your society will be replaced by immigrants because you don't have enough kids to sustain your economy.
You know if we take all white people into account they're probably more than South Asians or east Asians. It's because our people didn't go to other continents,wiped the natives and then started acting like they are the natives
@@apathak34 there is a fine line. My country Greece is not doing the best but we are fine. We have a population of 11 million and a gdp per capita of 24thousand dollars a year, we can’t compete with the likes of Germany but life here is bearable enough.
TYVM loving the content on Quicktake !
India will be India!!! respect from CN
The video focuses selectively on few small industries where there are issues instead of focusing on the work being done on strategic & infrastructure level. This is actually a signature dishonest approach that foreign media always takes when making video about India and trying to appear very intelligent.
They are just interested in huge Indian market
infrastructure level? when was the last time you ride an India made high speed rail? what was the speed and how many km does India have?
@@amos325 you do realise india has one of the most extensive network of railway and roadways right?
India's total length of roads are larger than China as of now, and why high speed rail when most Indians can't afford it? better to build cheap trains for long distances cuz that's the flipping point of trains
@@amos325 I don't think high speed railway is the only thing which can be considered infrastructure even America don't have it yet so they don't have Infrastructure?? We are talking about ports, freight corridors, expressways, bridges, modernisation of railway network, solar parks, industrial areas, improvement in basic infrastructure like underground gas pipeline, sewage system, sewage treatment plants to stop industrial waste going from river,internet revolution, start up booms,unicorn booms .... And many more things
@@kanekirana9530 you are right, American infrastructure sucks.This is why they recently passed the 1.2T infrastructure bill. American's ports' ranking is not within top 50 of world ports. China is on the top of the two catargaries and India is nowhere to be found.
This is like the 900th video with title like this
From 10 years ago.
Work hard and work smart fellow Countrymen 👍🔥
Yes, but within a much longer time frame and with certain limits of success because of its lack of huge land mass like China. The western democratic political system also would slow India's growth. Just like the U.S. which took U.S. 250 years to get where it is today whereas it took China with it meritocracy only 40 years to catch up to U.S.A.
However, India could tap on its scientists to innovated aquaculture industry to overcome its lack of huge agriculture farmlands.
The long coastlines could be used for aquaculture in fisheries and sea based industries.
I envisioned huge floating multiportals around India's coastline and even further out to the India Ocean to be used for Aquaculture cultivation.
When India becomes the 2nd ecnomic power that threats the western dominants, India will also be negative vibe on its geopolitics.
UK is the first one to be afraid because of the historic crime made by them
No never ,India's ideology is only based on humanism...
@@srs.r6354 *"socialist" self-reliance" 🤣🔴 WHEN the US do it it is "great" self-reliance? ISN'T that what the US trying to achieve while preventing others to achieve? Put a negative in front doesn't make it unacceptable - only when the US do it is acceptable?*
@@srs.r6354 is the caste system also based on humanism?
Police whipping people with sticks as crowd control is also based on humanism? Same as caste system
Other countries export wools, India exports hair 😂😂
dont want to be china , want to be Bharat always .
19:49 the only part of this video which makes sense
of course china gives a negative vibe in market too ever since the evergrande knock companies are flocking.
@Moon Shine oh jeez sorry for being offensive 🤣🤣
@Moon Shine dude india literally surpassed china in fdi since July check data
Some problems with the video:
1. The point demanding reduction of import duty is rather unfounded because if you are an exporter, you already get 100% of the import duties/excise/GST that you paid as credit/refund. So, you never have to worry about it if you're planning on exporting anyways.
2. Tax disputes with Vodafone and Carin energy etc. predate the conception of whole Make in India project of government, and a lot of structural changes have been made since to ensure that things like that don't happen anymore. (Retrospective taxation as you mentioned) A lot of bureaucratic offices have become single window with multiple taxation and legislation compliance reforms since then, so hopefully it'll be better soon.
3. High tariffs are actually beneficial as they come into play only when companies want to capitalise in Indian market, and it's justified that you should have to pay for it. (Just like EV is given incentive to boost demand as an analogy and Carbon emissions taxed). Yes, that makes imported objects expensive for us before we can make them ourselves, but this is a fair compromise.
4. I don't know what happened with that undisclosed advertisement of "udan app" in the middle. It was a very weak point, with a small application with close to 0 effect, when instead you could have talked about role of Paytm-Phone pay / Jio is digitising the economy.
Rest, the points with female participation and upskilling workforce are absolutely correct and should be paid much more attention towards.
I would add one more point of improving hig level education standards via international collaborations and research facilities. Bringing some of NRIs back to teach as proffesors, and sending our kids in exchange programs will also have a significant role with big multiplier for economy as high-level research grows.
The biggest problem has been shown in your comment which is the problem with most of the Indians.
Stop supporting increased tarrifs. Even Bangladesh is now showing F U to India.
Because India is focussing on investments of high end products, tarrifs have to be near to zero.
Relativity high tarrifs may work for low end manufacturing, but high end manufacturers who will invest tens of billions aren't going to waste thier money on shity tarrifs.
The biggest mistake India does is that economic planning is done by Indian business holders , politicians , religious leaders , socialists , ngos and other influential ppl in Indian economy which have lots of incentives to stop foreign companies from coming to India and not by economic experts which comprise both who are currently in Indian economy and by foreigners who want to make money in India , the fact that India's trade within south Asia is so low shows who make economic decision.
@@VivekKumar-rb7zk You are completely right.
But in such a nation where people have more trust in the economic knowledge of an illiterate religious person or politician instead of well qualified economists, it's bound.
@@krishnkant9477 I chuckled. If you think these politicians are the ones actually making these policies, it's adorable.
There is a book, "The Silent Coup: A History of India's Deep State"
I would recommend you read this once. Just take a blank recommendation, and I'm sure your perspective will change.
Politicians are just the front faces, who want to remain in power and do whatever it takes to keep them in power.
Counter to common belief, Manmohan Singh actually made his own policies, since 1991, and the reason most people understand him as weak / puppet is because his modus operandi was in contradiction to his own party line.
Also, if you think views of enough 'economists' aren't taken into consideration, you're definitely barking under the wrong tree, because there are so many groupings of such economists in the upper echelon of power in India already, now it's besides the point that they don't agree with each other for most part. In my opinion, too many economists and too little vision/science/reasoning is the problem. We are a bit too late at all the forefronts, from Lithium deals in Patagonia to deep sea magnesium, Semiconductors and AI
@@Shaurya_Pant What we need to do is to greatly slash tarrifs on high end technological investments because we have zero technologies and need to get these technologies from West.
Just by looking at the title of the video, my answer is, Not In My Life Time.
All smart and educated indians can't wait to leave India and go live and work for foreign countries/companies. Why?
The ones that do stay aren't Patriots and only stay to get rich and exploit poor indians.
Those rich indians exploiting poor are in power and government caters to them.. yay for democracy and capitalism?
How are you going to grow when it's like this? You get what you choose. Indians want caste system and democracy, then that's what they get. If you want to help the people and country, you have to raise them and rein in the big rich exploiting companies. They only care about their own family and making even more money and power. They don't care if India is poor or polluted as long as they stay rich and in control.
India might have 1.4 billion like china but it does not have 98% approval rating and is not united like china. China already treat women and minorities as equals and can utilise it's full potential. India workforce is not 1.4 billion like china, all working for same direction of country and proud, probably only like 30-40% or less when only 20% of women work. And that's not even counting minorities and low caste etc who obviously aren't proud indians.
Each time Andy Mukherjee opens his mouth,I loose 100 braincells
Why is he pro capitalist or pro China..?
In india u find some pepole like him who support china openly 😲 or even terrorist
I came here for facts. The "expert" here doesn't seem expert at all sorry to say.
Note : I'm not against any criticism, but this video is not well researched
@Human Rights pakistan lol
India will be a NEW INDIA,not NEXT CHINA,both nation is quite different on their own.
India’s problem is caste and democracy! Agree?
We indian have dynamic problems 😂
Any Indian who has been to China will never say that India is the next China.
Any Indian who hasn't been too anywhere except his own country can also say that 🥱🥱🥱 that's like common sense.
There's only one of anything.
India don't want to be like china , a country who killed approx 10% of its own population equal to 70 million during cultural revolution , great leap forward. Well I guess that's how you eradicate poverty in Communism 😎
@@nowiambecomedeath970 Then India killed even more. India has the most hungers in the world
Check the yearly world hunger index. India still has very high infant mortality rate. Many children are wasted or stunt due to malnutrition.
INDIA IS THE NEXT CHINA. I have cinfirmed
So basically the Indian politicians are funded by major local businesses, and these politicians basically work for these local businesses rather than passing policies to help the overall economy? Hmmmmm...sounds like something happening in the US also.
If only India distance its politics from the US, bring back their tech talents from the US, which is WAY underpaid, India can certainly catch up to China. China wants to see its neighbors to grow and have common prosperity. US wants to see Asia crumble with their NED funded NGO groups.
China and India should stand together!
Hey may i know how indians talent in US is underpaid??
Ig it is the most prosperous segments of the US society??
Well said, China wants to see India to join in and grow and have common prosperity.
@@zwwdplay19830914 But india is following USA ,they are trying to contain China...
@@zwwdplay19830914 that is so not true.
a soldier will defend the country
a technician will improve the quality of life
many professionals will come and go
BUT ITS A BUISNESSMAN & SCIENTIST WHO WILL MAKE UR NATION A WORLD LEADER
I think this is really relevant today. If a gap grows between china and USA, then India will pick up the pace, by sourcing resources from Russia and China. Lol we live in such a complicated world.
When China is focus on Ai and space, India is looking at how to exporting more wigs?
True.
And it hurts me.
Thats not true. This video makes it looks like that
Ai and space? Your country isn’t even industrialized it’s mainly an agricultural economy.
@@user-fr2fm3ri3w india's isro is much better than space system of most countries that too at a budget 1/10th of China's
@@jayantjha3128 but it’s not profitable and your people barely have access to toilettes, taxes are so high an iPhone costs as much as a car. You shouldn’t be proud of it, it’s like the communists building huge statues when people are starving.
US : plan big🤔
China : Do big✌
India : Dream big🤤
Yeah we like to dream
First we try to live in past glory then dream about future but do nothing just dream
india is the NO.1 country among of the world already according to india media
endia big mouth
@@tiktok_life4tech True though some of the Indians in the youtube comment section claim that they are the one who controls the US 😆 .
Usa government contributes 15% of GDP and the rest is by the people.though it's a big deal.India need to be protectionist like China because the west are not a joke.return on Investment contribute more in USA than their government.
thanks for this video . very informative
No country can become next China. India is a democracy with huge rift in opinion between political spectrums. And so, Governance is highly inefficient compared to China. We may catch up but definitely not within my lifetime. And I am in my mid thirties.
Nope. Not happening in the next 30 years. That's how far it is behind China. India lacks the critical infrastructure. With its corruption and week central government, it makes it next to impossible to build up the infrastructure needed as quickly as China was able to do to become a global manufacturer hub. One thing India has going for it is that it will have the demographics to provide labor. But that's about it.
For next 80 to 100 years... Its more than a governance problem... India too complicated than any country on earth
Agreed! But they don’t want to take that benefit from demographics. Gov wasted 7yrs and Time is Clicking till 2030, if they want to use this opportunity after then there will be no use of it.
@Nitin Gadkari Clearly Modi isn't focused enough. WHO report says more than half a billion people in India still "continue to defecate in gutters, behind bushes or in open water bodies, with no dignity or privacy"
Yes. I wish for India to develop and prosper but let's be real. India is decades behind China.
A random guy from 2050, i can confirm you are right, and you know what, India is no longer exists any more
Bloomberg is like malala. Whatever they show or say doesn't mean it's credible and trustworthy 🤡
Then why are you here?
According to a Economist who was living in India and quipped :
India will never be the next China. The infrastructure and society is the greatest downfall. For India to catch up with China and even with one of China's smaller economic area, it would take India at least 30 years. India infrastructure needs a complete overhaul. And the price to pay is 3 trillions.
The Chinese build everything themselves because of their well educated citizens and are highly skilled. Indian workers aren't skilful and not so highly educated. Hence, India has to use foreign technology and hire more external engineers and technicians.
800 billion dollar of infra projects are going in India. 🤫
For a diverse country like India should make a state to allow independent policy making.
Editor: Lets make a documentary on India. Can we find clips on the most crowded and congested parts of India?
Probably Delhi Mumbai calcutta over population
They do the same with China, it's Western bias. Always show India and China in the worst light possible.
@@sleepyjoe4529 I guess this is the one thing Indians and Chinese can agree about