India's Great Transition by 2047: Insights on Achieving a 10 Trillion Economy
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- Опубліковано 9 лют 2025
- Join a thought-provoking discussion on India's path to becoming a 10 trillion economy by 2047. Featuring Rami Desai Distinguished Fellow, India Foundation, Rakesh Pandey CMD, Bravo Group, Srini Raju Founder, iLabs Group & TV9 Media, and Sandeep Tandon CEO, Quant Money Managers Limited, this conversation delves into India's economic potential, government strategies, and the opportunities shaping a golden era of growth.
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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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As a common man my view is if family is building block strength of the structure is the strength of the family. Sooner we address this we will have arrived at 10 trillions. This could happen if our political system being democratic country gear up despite differences come together on economic issues. Then no stopping country could surprise everyone. Present leadership capable and can hope.
This will bloom once we come out of current DeepState setup
12 years ago 90% of jackets were made in India but from last 3 years I have noticed that 90% jackets are made in China. I have waited 2 years to purchase made in India but it was large disappointment. Now I have purchased made in China. Brand name are nautical, wildcraft, louis Philippines. I have purchased track pants with disappointment from Nike which were made in Vietnam and China. I am surprised to see that our government has allowed these Brands to outsourced from outside India. Whereas these companies have bigger market in India. Until we manufactured basic items. We are not going to any where.
So what do you think that changed? To me, its the rising costs of labour, real estate, raw goods, semi-finished goods, and not least the quick aspirations of the public. China and Vietnam can impose certain laws due to their political system, which we cant because of democracy principles. Also those firms expect large sops from the governments, once that stops, they look for other markets. Bangladesh gradually excelling in this sector is also an example.
Nice discussion increase in productivity and decrease in subsidies is required
We may reach to 30 trillion but to become a developed nation missings are:
Discipline
Civic sense
Respect to others
Honesty
No discrimination ( cast, religion, colour.....)
Cleanliness and higiene
Better mindset
Stop religious discrimination/
You are really an integetent person
Ye 5 trillion 10 trillion 50 trillion sab bakwas hai.
Mere ghar ke aage kachra 4 saal pehle bhe tha.. Aaj bhi hai.
Footpath bhee missing hai. Roads are all potholed. No good govt school or hospital.
Kya jhaant ukhadenge with 5 or 50 trillion economy jab basic kuch sudharta nahi
Muh ki baat keh di aapne... Adani, ambani, birla, aur do chaar ko include na karo aur uske baad per capita income nikalo to sabke haath me chavvani hi aayegi
@@akshatrastogi9063 - BAS APP LOG UTNA HI KAM KARO, GALI DEDO-THEY HAVE CREATED THE JOBS. ARE YOU ABLE TO
@@mohb8934 Padho pehle kya likha hai. Fir reply karo.
Great to hear Srini Raju and his insights and views on what works. Policy works if it is followed by handholding , Homan resources work when it comes with good education and skills, Urbanisation works when the migrants / low income communities is provided with decent affordable rental housing and civic services . Thanks for believing that country and economy grows when government and private sector and people work together. 👏👏
Not so sound panel.. if this is the level of discussion and points made on this topic.. god save Bharat.. take it as constructive feedback
Good Discussion, Srini took the cake.
Fooling 1.4 billion people is no mean task. It takes lots of effort and these people are trying their best under very able leadership. I wish them all the luck. 😮
This panel discussion had a very low limit of USD 10 Tn by 2047.
Rakesh pandey ji superb
We need presentable , clean cities and villages.Our streets are full of wires , broken pavement , opened drainage .Our animal welfare should also improve .products and services needs to be innovative .
True. Goal should be to achieve HDI of 0.800 by 2047 and all the human development indicators that make countries liveable.
Govt should focus on to curb inflation and decrease interest from banks to increase productivity and consuption domestic.Export to be increased and imports to restrict.❤
This is dumb, show the slides the guest is talking about
The sweet sound of lofty aspirations sprinkled with a generous dose of Bollywood-esque optimism! A 10 trillion economy by 2047, you say? Bravo! The kind of cinematic vision that would make even Yash Raj Films blush. Let’s unpack this dazzling dream, shall we?
1. Rami Desai’s Distinguished Fellow Wisdom:
Ah, the India Foundation-a bastion of intellectual might! One can only imagine the groundbreaking ideas flowing forth, like renaming cities, rewriting history books, and inventing new synonyms for “anti-national.” Surely, this think tank is busy crafting a strategy to balance the trillion-dollar ambition while addressing pressing issues like widespread unemployment and skyrocketing onion prices. Kudos for multitasking!
2. Rakesh Pandey’s Bravo Group Bravado:
Ah, Mr. Pandey, CMD of Bravo Group, undoubtedly here to offer sage advice on “ease of doing business” in a country where getting permits involves more paperwork than writing a novel. Let’s hope the “golden era” doesn’t get tarnished by the piles of red tape or the classic Indian jugaad system. Will India’s trillion-dollar economy also have a GST slab for dreams?
3. Srini Raju’s Visionary Take from iLabs:
Ah, the tech wizardry of Srini Raju! While his iLabs Group may envision India as the Silicon Valley of the East, the question remains-will the internet still be throttled every time students gather for a protest? Or will electricity manage to survive long enough in rural India for the “AI revolution” to take hold? Sounds electrifying already!
4. Sandeep Tandon’s Quant Money Magic:
Finally, the money manager’s insights! Of course, the key to India’s economic miracle lies in managing funds effectively… after spending them on statues, temples, and a new parliament building. The quant strategy here is simple: add zeros to GDP projections while the real economy fights inflation, farmer suicides, and underfunded healthcare systems. Math has never been so patriotic!
Reality Check: The Other Side of the 10 Trillion Coin
While we applaud the ambition, let’s not forget the looming question: Who exactly is this “golden era” for? The Ambanis and Adanis, perhaps? Or will it finally trickle down to those 60% of Indians still reliant on agriculture, praying for monsoons and MSP hikes?
And oh, the demographic dividend! With the majority of the population being young, it’s only natural to ignore their jobless plight and instead hand them smartphones preloaded with government apps. After all, digital India, right?
Not to mention, the infrastructure miracle where roads crumble during the first monsoon and bullet train dreams remain perpetually "under construction."
In closing, dear panelists, dreaming big is noble, but perhaps a sprinkle of realism would make the recipe palatable. Let’s hope the “Great Transition” doesn’t leave the common man stranded at the station while the elite speed off in their gold-plated bullet trains. Mera Bharat Mahaan! But only after some fine print adjustments, please. 😊
It is 3rd term after 10 year gdp is equal to what it is in upa. Inflation is high . No focus on service sector which can earn more without substantial investment.
How is economy same as in UPA years? In 2013-14 the GDP was 1.8 trillion dollars which is now 3.6 trillion dollars.
India need $4000 per capita instead of $100 trillion economy.
India is not going to be transitioned till 2047, pin my comment here. The government has not taken a single concrete decision towards that goal. There are a lot of major areas that this govt lacks and did not improve after coming to power since 2014. All those major areas will become a massive headwind for so-called VIKSIT BHARAT plans. But I am pretty sure that the netas will get VIKSIT during their tenure surely.
😂😂😂
Cottage industries should be emphasized. Every household should produce something
To maintain or even boost GDP growth India needs to undertake debt consolidation
Subsidy should be only for disabled and dependent due to unforeseen circumstances! Others are to be given opportune economic systems to flourish through hard work that is done with pride!
Fooling Indians by selling dreams at the cost of poor and middle class family 😢 there will come a day when one incident will lead to drastic revolution in India if we continue the current policy
10 trillion dollars economy by 2047 is far more realistic but hopefully it will be achieved by at least 2035.
Pl. give us the solutions to a question how can the People of Punjab and West Bengal be made to participate in the growth of the country, we are talking. Punjab had a great manufacturing strength and so is true for West Bengal. In WB, the government is responsible firstly by making labour unions so strong when no industry could and left, education system also deteriorated. Today in Punjab farmers with maximum possibility through diversion of crops and accepting govt. decisions on improvement are holding it. Moreover with being leading group in parali burning and killing their own neighbours… We must try to impress on local politicians and people. I hope Bihar will change. These r major issues …our opposition must play a positive role.
More federalism is the answer. Every state will only get what they produce in taxes and that mobey will be reinvested back into their economies. For any additional funds they should qualify for that and some criteria should be made for qualification because every party wants to appease their votebanks, farmers in this case, and no actual and meaninful reforms happen.
We haven't got into $5 trillion as yet.. And we ate talking of 10 trillion! How absurd...!
Show me one asset management representative who doesn’t paint a picture of astronomical growth? I would appreciate if you can invite real economists to share an accurate perspective on future of India.
Not 10 trillion economy for the common man, but rather for the rich conglomerates that have ties to the politicians in India.
The river is carrying lots of water and flow will increase. Each one of us needs to fill more in bigger vessels. Blaming politicians will not help. Meritorious people will do well.
@@ajayrawat-bf9pc The meritorious people are leaving India in droves. The ones in India are successful working in foreign firms. Also are only those with a degree entitled to a good salary? What does meritorious even mean? Getting the opportunity to go to college and then get a passing grade that somehow signifies you are better off than other people? Please spare me the nonsense about meritocracy.
@@ajayrawat-bf9pc wow what an apt statement. are you a genius?
All Top DEVELOPED Economies USA CHINA GERMANY JAPAN Have Many Many Rich Conglomerates And All These Countries Are On TOP with their Conglomerates. USSR And So called Socialist Countries FAILED with their Socialist or Communist Models. SUCCESS Brings More SUCCESS - FAILURES Creates More FAILURES.
I have a question. China achieved an average of 8.74% GDP growth for last 61 years ( from 1963) and became 18 trillion economy now. How India can achieve 30 trillion by 2030?
By compounding? The time China takes to reach next 18T will be far smaller than that it took all these years. For each year more trillion dollars are added. So if India says keeps an average of 7% for the next 20 years years doubling the GDP every 7 year we would reach that by 2047. Basically if India took 3years to add a trillion dollars to it's economy, it will only take let's say half of it to add another trillion and then another half of that to add another trillion. You wouldn't notice it in the beginning since it is the time of picking up momentum. Just compare China prior to 2005 and it's growth rate . It was around the same after as well but difference from 2005-2020 is stark cause it was compounded over that time period.
@jishnu9551 We could achieve 2 trillion in last 10 years. That means next 2 trillion can be achieved in another 5 years. That means by 2029, our economy figure will be 6 trillions.
@@Ashwathkamath Yes around 6-7 Trillion is expected by 2029
@@Ashwathkamath But it is always good to remember, geopolitical tensions and global market chain disruption like that happened in COVID is always possible, no economist can predict the future with accuracy.
@@jishnu9551 You study China's GDP from 1963 onwards. Your calculation is not holding good in China's case.
Mujhe dukh hai ke itne achhe debate sirf English me hote hai ye aam nagrik ko bhi janne ka adhikar hai ki aap kya bol rahe thoda Hindi me bhi bol liya kijiye jabki modiji khud Hindi ko promote karte hai ❤
10 trillion means 2x from now. at 13% cagr it is normal to double in 5 years or so. if by 2030 we dont hit 10 trillion that will be actually a disaster
Lack of knowledge and understanding of realty like typical old aged from speakers. Required more updated speakers
Hi Bob, maybe a super-duper bigmouth expert like you could participate, how about sharing your detail with them thru' here.
@@aryaman05 HOWABOUT GIVING OPPORTUNITY ON POINT BY POINT DISCUSSION
@@bobsuresh2306
You're the agent-provocateur, why don't you start.
@@aryaman05 My details: I am true Nationalist. Put about 45 years enterprenership . Ardent supporter of PM for his economics
@@bobsuresh2306
👍Good for you.
So, what's lacking in the discussion to justify your expressed angst ?
🎉 okay very good working 🙏✍️✅🌿🤝💯🆗🌺🌼✅ telugu respect right today thank you so much thanks for everything gok right meeting 🤝 Telugu Apparao Kasi ✅🎉🎉
Very poor podcast, especially the overly pretentious anchor
Propoganda
No propganda 😊
Out of 10 trillion economy 8 trillion will be adani and Ambani 😅😅😅
Do u know
Anything
About ho
W
Economy
Works?
😂😂😂 This sounds funny but it's not 😦 because Adani is in tight race with Musk to be the world's first trillionaire. 🙄🙄🙄
Not really, but op 1% or 2% taken off, then it will impact. And thats how every country is, may be little better numbers, but in general, that is the case with every country. Else, if not balanced in a betterway, and if everybody starts spending, chance of inflation. And if you don't spend, industries stale, and jobs get ruined. Somewhere we need to balance and that somewhere is a strategic shift in policy as and when needed
This was fucking achievement for BJP GOVERNMENT over INDIAN poor people.