The 10 Trillion Economy - feat. Dr. Shamika Ravi, Ridham Desai, Mukesh Aghi & Ashish Chauhan.
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- Опубліковано 8 лют 2025
- What does the path to India's 10 Trillion Economy look like? And how can we reach there?
Listen to Dr. Shamika Ravi, Member, Economic Advisory Council to the Prime Minister, Govt of India, lead a conversation with Ridham Desai, Morgan Stanley India - Managing Director and heads Morgan Stanley
Indian Equity Research, Mukesh Aghi, President & CEO, US- India Strategic Partnership Forum and Ashish Chauhan, CEO & MD, National Stock Exchange.
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This panel was a part of the India Ideas Conclave, brought to you by India Foundation and the WMG Group.
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I salute Dr.SHAMIKA for conducting very informative,intelligent discussion.Please conduct more interviews like this.
Nice and educative discussion 👌 👍👏👏
Please, review &review like this discussion for that, indian people get intelligent information other than ferish information from indian leader.
Dr. Shamika is absolutely brilliant. I have watched few of her talks recently and wondered where the hell she was all this while. So many unknown brilliant people working in the background for this amazing government. All the speakers were very good. this was such a wonderful and informative talk. I hope we see more of Dr. Shamika. I know she is going to head the finance department in the country in future. Thank you Mam.
So true. Glad to hear she is PMs economic advisor 👍
The point is that the political parameters influence their suggestions
It's the one discussion which kept me out from my lunch. I really couldn't take my attention not even for a minute 😞. Well conducted well informed and truly knowledge sharing 😮. Thank you all.
The same with me. I had to postpone dinner to watch even this pre-recorded video; the subject was so catchy, and the presentations is awesome🎉!!😊
Just clicked to see what the video is all about, and now i am here till the end of this video. I dont even realize that how the time passed. Every industry regarding the Vicksit Bharat 2047, has been covered in this video. I must say the best video i have seen recently. Everyone should watch it.
Dr.Ravi's point about India's self sufficient in COVID vaccine is good example of economic self-sufficiency.
The Economic Advisory team of GOI has brilliant minds such as Dr. Shamika Ravi, Mr. Sanjeev Sanyal and many others. The conversation was very intriguing covered almost all the major topics in current geopolitical relationships and global partnerships, internal matters. Thanks to Mukesh ji, Ridham ji and Ashish ji. Undoubtedly, the best and worth talk ever on Indian Economy :)
"Ridham Desai's insights on India's journey to becoming a multi-trillion-dollar economy are truly inspiring. His emphasis on empowering farmers, saving girls, and ensuring education for girls, including unborn ones, highlights the importance of inclusive growth. A visionary approach that focuses on economic progress alongside social equity!"
Yep...Just the insights, real work has to be done!
@@Entertainmenttheawakensoul That is already existing in South, Talk about North!
We require inclusive growth
An absolutely excellent talk. All speakers spoke very well and left w/some things to think about - rarely happens!
Fantastic discussion. I am happy that the present govt is proactive planning and removing obstacles for a Viksit Bharat. Now there is sense of pride in being Indian which had been eroded systematically in the past.
Yes Gujarat is already "viksit" and so is "MP" and now the rest of the country will be viksit 🙄🙄
thats why rupee is in icu?
Imagine criticizing china whose civilian culture far exceeds the pathetic low quality of civilian culture and the kind of plutocracy in India where there are so many leakages and corruption.
Excellent speech by Mr. Ashish Chauhan to brilliantly articulate the contributions of the service sector and the impact it has on our economy. Of course, Dr. Shamika Ravi's points were very insightful. Mr. Mukesh Aghi gave an interesting perspective.
In my humble view excellent conversation by all except Mr. Ridham Desai who spoke more like a government spokesperson and unfortunately, he had nothing to offer in terms of economic insights and was extremely shallow with no substance despite the 'Morgan Stanely' tag. All others were splendid.
Kudos to Dr. Shamika for this session and this shows how our government is working hard to bring good reforms and push our country forward.
Excellent conversation. Top notch hosting and fantastic panel.
Happy to see we are rising in Everything... Even quality of our discussions are becoming top notch 👌👌👌
wonderful meeting - really enjoyed and really eye opening and the direction that we mis was also addressed
Dr Ravi surpassed all the male penalist with abundance of knowledge, matchless confidence, fantastic communication skills, Lauderdale work.
Thank you for this wonderful video! Good insights from all the Panel members !
Ridham Desai's disclosures were pride boosters to know the unique power of our ancient knowledge that still stands the modern day secrutiny..His 5 aspects, we realise were introduced successfuly post 2014 by Modi the visionary 😊
Excellent,
Thanks Dr. Shamita Ravi and informed panelists 🙏
We proud to have this kind of PM Modi ji n team
India must focus on self reliance in all aspects. Make short n long term action plan to tie up with coutries like Japan Spore S Korea German UK US for all kind of products/ manufacturing plants mainly agri electronics networks apps etc. Target zero import block investments from seena.
All states also must support for Visionary progress of Bharat
Jaihind 🙏🙏
The tie between household wealth, inflation stability and the bull markets is such a sharp perspective that deserves more reporting so it doesn’t just remain a macro-economic analysis. Kudos indeed to a government that has kept a hawks eye on inflation.
Excellent summary synopsis of growth ahead. Keep it going . Best wishes. Omtatsat Prakashbbabu. Hare Krishna. Development
Refreshing and motivating to see businesses and govt. aligned to build the nation and wealth to all.
Very well brought out by Dr Shamika and her panelist. Well, nobody talked about the export of defence equipments.May be it was covered into manufacturing category.But we all are very optimistic about our economy.
The issue is about concretely , visibly, and measurably getting together with all our abilities and state arms to get a sustained act together. On a no choice basis. National resolve is the only key determinant. Our weaknesses are our historic & organic cleavages and fissures which need to be patched up. The sense of purpose is a must and should be built as of yesterday.
We already have indirect ruler, same way like british east India Company, it's USA now. And whenever ruler has come over us our country further decided. This time South india ( major companies are headquartered in South).
@@DeepakKapoor-xb2jqYes. The British East India Company converted us into a Colony, then. The MNCs are converting us as a Neocolony,now, with the able guidance of IMF World Bank and WTO, plus G-7 .
From non aligned to multi alighned...a master key, what Dr. Jai Shanker is at his best😊
Ridham ji fabulous point regards indian farm sector it is exact point to reform.to hard work very less gain in it , divided lands,not perfect income for poor peasants too bad indian farm.from Telangana
Best minds on same the same stage 🎉. Congratulations!!
And best hollow words...
@ that is how India will be third largest economy by 2028.
Some Con-grass idiots will protest against our country. We will ignore such nonsense
Dr. Shamika Ravi is just outstanding. What a well articulated lady.
Very encouraging talk. Ridham Desai views on regaining our lost superiority is truly Bharat centric. Modi policies on empowering bottom of pyramid is really long term game changer.
10 Trillion economy makes no sense if people still behave badly and 70% population is still unhappy with rude government employees services. The 10 Tri Eco will only bring money in the pockets of some and India Treasury but will not help social relation behavior. In fact this make people more arrogant and rude to deliver quality and polite behiviour.
Lol
By this logic we should go back to stone age 😂
Yes, it’s sickening to see the govt servants behave like they can be rude and disrespectful to anyone.
@sivarajk1931Live with it,if unbearable apply burnol
ITS A HIGH TIME TO UTILISE CSR FUNDS OF PSUs through a unique mechanism to R& D.
For example, a research is being carried out by BARC to make Thorium as fuel instead of costly and rare Uranium isotope . A commercial company can be formed like Antrix of ISRO for BARC. 10% of the shares can be given to the employees. PRP and ex gratia of employees in government sectors can be diverted to this company with the consent of employees. Once it’s materialised, shares will be huge high. Otherwise also no issues. Because as a great man says, we should never think about what the nation has given to us, but we should think about what we have given to the nation. JAI HIND ❤
( meanwhile about this session, it was great . Thanks 🙏)
The point about India’s entrepreneurs and wealth creators and job creators and the trust economy where India’s geographic and economic integrity is being recharged in the most amazing ways that place full faith in the genius of our people was so moving! Any politician that berates our wealth creators is frankly doing a national disservice and doesn’t deserve to represent the Indian people in any form or shape.
Rightly mentioned! Agreed 👍
Already inside 5 mins i like the video. Well informed dr.shamika Ji. The point she made that we are below replacement rate already when we haven't even reached middle income economy. Something we never talk about. Will india be old before getting rich?
Just WOW!
Fantastic discussion for future actions
We need to make India the largest organic food producer of the world. Every state of India can create fantastic supplier of high quality food to the whole world.
Vikasith Bharath is a reality soon. Keep it going. best wishes . Omtatsat. Prakash babu . Hare Krishna.
Dr Shamika brilliant- clear land issue for industry, farm output
In India if any industrialist buys land,
Farm ministry will call it as farm land,
Waqf board will call it as Waqf land,
Revenue minister will call it as revenue land..
Forest minister will call it as forest land, and courts will take 20 years per judge,
Ultimately rule of law is no mans land.
You're extremely eloquent
Dr Shamika is quite bang on what will make our country developed but the biggest contradiction with Indian government is that they know what are the problems and its respective solutions but things remain same in general. We are very good at discussing and penning down the problems.
Now I understand why economy is in crisis . It is due to people like Shamika, she is living in utopia India. We need practical thinking and implication not pleasing Modi that everything is shining like Gold in India.
China with 18% world population commands 35% of global manufacturing. How they did? China heavily invested in education, particularly vocational education. The poor education system in India is not allowing them to join work force (these people are working to deliver foods for Zomato and Swiggy). India should open up its economy, learn from others, build own capabilities.
They don't cheat and play religious politics.
The right education, practical education.
They don't have a Muslim problem
@ Sorry man, putting all the blame on one community will not take us anywhere. Blame the policies of successive governments from 1947 to 2024.
@@Tanabana67 Blame deep state which in Indian case is brahmnical dominance. Irrespective of which government in power this group(s) allied have played strong hand with otger communities.
I appreciate the intellectual level of exposition I shall be touch
Excellent discussion.
Ridhim, explained about farmers well. Yes, we have to raise the output and also make it totally organic, which is not exactly difficult or expensive. But Good for health, growth at very BIG WAY
Organic farming may not be productive per acre with regular farming
This is a multi polar world
Excellent commentry.
Blind self praise will not help. You need peace not hate, you need equitable treatment of people, business and states. Favor on select few is not encouraging at all.
It is the same everywhere. Are you fair yourself?
Agree. Terrorism poses a huge risk to India.
@@jai6196to be honest and real it is the casteism that hits india more than Pakistan's/islamic terrorism
You know how
Because our casteism makes us disunited and our Jaichand behaviour among politicians and bureaucrats and common man makes us vulnerable and what happens is islamic and British or outsiders rule without any development and ripple effect is in front of us in modern times
Mentality change is the answer and for betterment
Dr Ravi is commendable anchor with amazing knowledge of Indian economy ❤
Very very good and interesting discussion.....
Well compèred and interesting conversation by the forum of the experts 🙏🏻🙏🏻!
Shamika Ravi was excellent in her coordination and summing up
It is fine and good but we need to focus on the following issues to be a developed nation otherwise forget it:
1. No poverty
2, Distribution of wealth
3. Justice for all
4. Healthcare for all
5. Education
6. Human Development Index
7. Employment and job opportunities
8. Corruption
9. Discipline and strict rules to be followed by the population
10. Investments on modern technologies.
11. Investments on infra structures
12. More FDI
13. Cleanliness and higiene
14. Easy way of living
15. Zero buerocracy
16. Change of mindset
17. Open mind and less conservative way of thinking.
These wa forward message points can be said in the majority of countries worldwide. There is no such thing as zero poverty, even in the majority of the developed world, because poverty is relative; the United States' per capita income of $85000 has a poverty rate of 12%, so India will still be discussing poverty in thirty years.
Instead of vague arguments, India has significantly reduced absolute poverty, and it is likely to disappear within the next decade.
Growth will bring all the above. It is like saying we need more clothes, bigger fridge, car etc, bank mein paisa hoga sab ajeyga
You are focusing on consequences, and not on inputs. Key missing Input is .... a lack of Entrepreneurial mindset among Indians. Lack of motivation provided by parents and families to product entrepreneurs.
Ok poverty may not be zero and America is not the right example. Please look at the countries like Finland, Sweden, Denmark and Norway where there is almost zero poverty
@@nv9991you are right and that is why the first thing we need is to change our mindset and our mentality
Mukesh statement is eye opening.
Beautiful insights !!
Beautiful insights. Ridham Desai's disclosures was interesting.
Only thing I was thinking slightly different is that we cannot just think about development at a larger perspective but we need to think of what we have, what we are rich with and so we have to first use that potential to increase our economy. This way, our economy will increase to a great level without investing much but our wealth creation happens in a large scale than we can plan other developments. This way, our grassroot level population also grows with others. We are closing our eyes, towards the basic development and thinking and spending finance in copying the world. We have to first see how and what we are rich in and use that and grow first.....
Wonderful discussion and Shamikaji I have become ur fan
Really have lots of current scenario abouts Indian Economy.🎉🎉
Ridham Desai was amazing. He brought a completely new dimension to the discussion.
Such ideas exchange is very essential .
This sort of sittings, should happen in small or big way, in campuses of two and three tier city universities and colleges. Young minds need to be oriented towards this sort critical thinking.
good to see such debates...
Bharat Economic blander in coming years..........
Do interview with dr.ankit Shah on bhartiya youth and their aspirations and reality.
Thanks for enlightening us through a "Positive Proffessional Panel..
These people are good to hear. But at the ground level this govt is all about taxing the hell out of middle class and making policies that help the rich
Yes. Best comment. The government is taxing the common people to give numerous concessions to the foreign and local corporate lobbies.
Young Indians are very smart. Rather than trying to leave India, they should stay in India and Improve the country, bring honesty, hard work and cleanliness in the country. Also, whenever you manufacture something, it should be very pure in quality. It is not worth making money by cheating people. Just remember, no country is going to allow 1.4 billion people to settle in a foreign country so I have advise for young people, work hard, learn new skills, be honest and stay in India and be united and make country better and better in every way. Please do not fight for little things which are not important such as religion. India is the most diverse country on earth and because of that India is wonderful country. Please treat every fellow Indian as your brother and sister and make sure to help economically backward citizens of our country.
It takes guts to be like the Japanese being atomic bombed or Germans losing both the world wars
We indians are really bad people in front of them
Must be ashamed of ourselves still following casteism
Very great and intellectual discussions on the Bharat in future.
Inequality is the big problem and higher priority than increasing GDP
Great speaking should be supported with action
This era belongs to Asia
I always love to listen to Riddham's PoV. Shamika ji, I would like to watch your views more as today you were acting more like host, but you are quite articulative and full of thoughts. Nice to know you.
SAAAR we are building India SAAAR
only here for Dr. Shamika Ravi,
Just having a discussion does not increase the GDP, first, all Indians regardless of caste, religion or social status should unite to make country better in every way. First we need to make our country cleaner, food should be cleaner and air should be cleaner. We should have a clean India day twice a month where everyone should be given gloves and masks and start cleaning the country. Also, people should be more honest, money is not the only thing in life, we should be more honest in whatever we do in professional life. Also, we should come up with innovative ideas for using 30,000 tons of gold which is sitting in temples and people's home. This is a non-productive assets and we should be using it in a productive manner. we should see changes on the ground, just having discussion does not do anything. Also, people should be trained in newer technology of manufacturing, AI and other things. Just keeping our homes clean is not enough, all areas of India should be clean.
Your bhashan is useless. What are you doing about this? I am creating employment in case you want to know.
@@harir3628 He is exactly doing what he claims to be disgusted about. Indian intellectualism is about just "preaching" "others" not "laboring in the field" yourself first and being an inspiration for others.
Essentially correct. But regarding gold in our temples first the Government should not be running Hindu temples, all of them should be liberated from Government control and be returned to Hindu control 🕉️🙏🏼
The 30000 tons of Gold and et all do not belong to 'we'. It is with those who earned it, so someone innovating as to how it is to be splurged is just a useless pastime!
Yet another one.........one of those knuckleheads who incessantly questions India sending rockets to space when there's not enough toilet.
Keep ranting.
I appreciate the forum where words are spoken with meaning offering space to soak in audience mind
I have lived and lived well in Australia for 60 years I do understand the basis of American economy culture there going to be harAustralia
Clash between US national and Indian national interest is inevitable
Thanks it is just natural impression
i wish north to south and east to west, all states NEED TO focus on growth.. the real issue in India is some states grow at 10 to 12 % growth rate while other states sit idle or grow at a very slow pace..
Thanks agine sir 🙏❤️👍
Private investors do not have confidence in Modi ji. They clap and praise him but no private investment
Full of insights
21st century is the Indian 🇮🇳 century. Under the leadership of PM Narendra Modi G India 🇮🇳 is touching milestone of glory day by day.
Speaker wants poor to die on roads without jobs without house without food but if u make richer into richer than country depends on these individual who moves out of country and take away money and wealth especially actors sportsperson businessman politician beaucrats etc
NSE CEO says we will reach $25 trillion by 2047. That is 23 years. That needs a growth rate of 10%.
10 percent in nominal terms which is around 7-8 percent in real terms
Vision exist , how ever a clear road map required and a structural reforms to facilitate the growth of a dynamic private sector, reform in farm and labor sector is a must or else we will again miss the bus.best wishes
Fabulous talk.🎉 (but we talk only)
Will remain a talk
Excellent discussion
There are two types of narratives in politics: one manifesto declaration and review of economics, and the other without manifesto substantiation of worst performance and drag issues in another direction, giving a rosy picture for even worse doings. Most likely, this belongs to the latter category. Everyone talks about total GDP on world ranking forgetting that we are the most populous country and correct utilisation of human capital would have reached 25 trillion by now as China did who have an equal population. The first four ranking GDP countries have a population from 50 mil to 300 mil except China and their human capital effectiveness is 20 to 30 times of India as per their per capita GDP and income.. The economy is not of top ranking and can be included in poorly performed countries. This is the gospel truth and these advisors instead of advising on wrongdoings support and substantiate all done by the government. Have s these advisors prevented the government in handing over all essential services to one private party. The entire government mechanism with cabinet ministers to 800 million engaged by the govt now being handed over to one party who have 29000 employees under his company. Leave alone all big big complicated talk can this act be substantiated in any manner. A big NO. Essential services are the backbone of economy and contribute 26% of GDP and 30% employment which is of inductive and inductive labour. And this party can manage with 29000 employees?. AS biggest blunder and serious repercussions forthcoming and with all due respect to this advisor I am sure she inadvertently forgot such acts prevent India from having accelerated GDP growth and per capita income and GDP. I'd like to ask all advisors to give realistic advice towards the nation's uplifting and growth rather than making artificially a superpower ambition. Can anyone tell what qualifies us to tell that we are a superpower or near to it?.. Either we need to give good advice or prevent misleading the public.
Informative and excellent discussion
Now I understand why modi ji is so delusional about the rampaging economy, it's because of this women savika ravi, or whatever her name is, being his economic advisor. 10 trill? someone wake her up.
I believe that young people between the ages of 20 and 25 are disrupting the economy because they are wasting their parents' hard-earned money on luxury spending. This trend not only affects family finances but also hinders economic growth by diverting funds from savings or investments in education. Therefore, it is crucial for the government to implement programs aimed at educating youth about financial responsibility and promoting productive engagement through job training initiatives. By doing so, we can better harness their potential as a driving force in our economy.
When I was child we are not taking certain vegetables when season off .more and more are people are coming out poverty line and food consumption going up particularly government giving grain free
Vegetarian storage has to be improved otherwise food inflation will remain
🎉 #Think Tanks at Work !!!😊
Let's do whatever it takes to avoid becoming a #Chinese colony !!!😊
Mission 2047 is very much achievable with the input of such panel members.❤
Wonderful setting for the seminar.
Panel should clearly understand we want inclusive growth … that is the need of the hour
Wow I like the way the latest information are shared and the clarity is excellent.keep up the good work.
Super super
Quite forward looking 😊
Vision of developed India...
- No beggars on roads and religious places.
- Clean air, clean villages and cities.
- Clean water bodies
- Clean cremation grounds.
- Well paved roads.
- Expeditious Judicial decisions in Courts.
- Expeditious bureaucratic decisions.
- Meritocracy be the sole criteria for jobs.
First we need national loving people . 20% of people are does not belong here and they take resource from India . Does not contribute any thing positive . If that was fixed
Rest all your
List can be achieve
❤Modi ji 🙏🏻 respect
To start a factory, how many approvals from how many 🤣government offices are required?
Even if we are not 10 trillion economy, having measures that provide a decent standard of living for everyone will ensure we are happy country in which labour force participation has not much significance. We used to be a society where even if one person is earning/ employed, the family had a decent way of living, and unfortunately we have lost that balance. The problem is our economic activities are leading to inflation thus making it hard for many at lower strata of society. And because we have a critical mass with economic freedom, the inflation won't ease down either. An example of creating unbalance is the very high salary & pension for some people. We are a very unbalanced society and our governace is focused only on the surface layer unfortunately, though I am proud to see how much we have progressed as a nation in the last few years. We still lack in technology leadership though, and we are very much reliant on others. Jai hind.
Yes that is true mam 🙏