Very insightful video. Please let’s have more content from Radhika madam and Sharad sir like this. Speaking as an overseas Indian looking for more options to invest in India through international funds.
The only difference is the states don’t have nearly as much money as the center do. States doing it might sound reasonable but why does center keep doing it?
Well informed episode on most discussed subject. I have read/ watched on other mediums but i must say Madam Radhika Pandey has explained it really well. The best part was being totally apolitical. Not just the data but the reasoning given to understand the risks involved in higher govr debt. Now that we have understood the economics we would appreciate having views of only experts about indias position and their reasons for taking their stand. Congratulatins once again.
This is a very informative discussion. Thanks. A few questions. 1. We did not talk about municipal debt worldwide. Would that be an issue? 2. Whether the use of debt is an important criterion? As in, if debt is used for acquiring productive assets, it should be ok and not good if used in profligate spending? 3. If all big countries are borrowers, then who are the lenders? Is it oil rich countries generating tons of cash every year? 4. Is there a danger that sometime in the future, the accumulated debt service burden becomes so onerous that countries decide to write it off and the debt owners are left holding junk? Please help me to understand these. Thank you.
Out of that $90T US owe more than $35T, that is more than 30% of world debt. But still how can they are advanced economy?, because they can print as much money as they want give to their business, infrastructure, military, develop their economy, without worrying about inflation. Since USD is reserve currency US simply export their inflation to other countries as reserve currency. It is not a fair game, but that is how it works...
Well discussed. Debt managemt is being carried out by Govt with lots of balancing act. Task is steep and dependent on international money/financial status. RBI is cautious but tough surveillance is required to bring down the Debt.🎉
Woah.. At first i thought radhika mam is sitting in a burqa and i was like what? Then i had to really focus and see that it was just her hair color and the black dress😂😂
Reduce salaries & pension of government employees. Reduce social spendings, free electricity, free bus tickets to women, reduce budget for social schemes. All these steps can reduxe public debt. Otherwise state by state will go bankrupt along with Indian government.
FD rates in this govt are very less.I think high returns on FD can cater to demand of old pension scheme,which will be beneficial for private and govt employees.
Consequences high debt will be very bad for poor and middle classes. Govt's favourite GST (indirect taxes) will be increased for the poor. The rich and Corporates will not be affected. PFs money will feed the deficit. Very unequal society. Anyway States like Bihar will never payback.
Rich are already paying huge direct taxes & GST and they don't get any benefit like midddle and lower class gets. Government should bring all business men and agriculturalist within tax bracket and increase no of direct tax payers. No point futurer taxing the rich.
😂😂😂 gst is paid by more rich too we manufacture and pay gst you pay too but less direct taxes rich and middle class too pay it for loans . And yeah freebies will bankrupt country poor will die poverty will hit with job loss no freebies no tax revenue 😢 no capital investment high tax
@@karthikkotatax government babus corrupt rich getting 50% state budget 2% population getting 50% state budget of tax payers poor development budget reforms of economy removed rajasthan model Congress hate reforms it will take India 1991 bankrupt policy 😳
Why we are taking Debt who is taking Debt . Yo we r some 5 trillion dollar economy we should start giving loan to WorldBank and all.. Kyunki Modi he to Mumkin he
Paagal hai, kya? How about cutting useless govt spending to reduce debt? We are already paying enough taxes. We should tax rich farmers, earning in crores, and not paying a paisa. We should introduce farm laws in the states. Fix bad agricultural policies like growing rice and sugarcane in drought-prone areas.
@@rajx7120 DRT tax should be 20% now and imposed on EVERYTHING that exists in the market. No exemptions. Plus, there should be additional 10% tax on folks commenting on YT.
In March 2023, India's External Debt was 52 % of our wealth, while that of Basketcase Pakistan was only 18.29 %. While China is only 2.9 %. Kindly refer:- en.wikipedia.org/wiki/List_of_countries_by_external_debt
Dont trust fake info you see on Wikipedia like a fool. What does wealth means ? Our public wealth is 14trillion dollars. You can find the percentage yourself
Woah.. At first i thought radhika mam is sitting in a burqa and i was like what? Then i had to really focus and see that it was just her hair color and the black dress😂😂
Very insightful video. Please let’s have more content from Radhika madam and Sharad sir like this. Speaking as an overseas Indian looking for more options to invest in India through international funds.
Who cares when both center and states are competing to outdo each other in Revdi
The only difference is the states don’t have nearly as much money as the center do.
States doing it might sound reasonable but why does center keep doing it?
Well informed episode on most discussed subject. I have read/ watched on other mediums but i must say Madam Radhika Pandey has explained it really well. The best part was being totally apolitical. Not just the data but the reasoning given to understand the risks involved in higher govr debt. Now that we have understood the economics we would appreciate having views of only experts about indias position and their reasons for taking their stand. Congratulatins once again.
This is a very informative discussion. Thanks. A few questions. 1. We did not talk about municipal debt worldwide. Would that be an issue? 2. Whether the use of debt is an important criterion? As in, if debt is used for acquiring productive assets, it should be ok and not good if used in profligate spending? 3. If all big countries are borrowers, then who are the lenders? Is it oil rich countries generating tons of cash every year? 4. Is there a danger that sometime in the future, the accumulated debt service burden becomes so onerous that countries decide to write it off and the debt owners are left holding junk? Please help me to understand these. Thank you.
Out of that $90T US owe more than $35T, that is more than 30% of world debt. But still how can they are advanced economy?, because they can print as much money as they want give to their business, infrastructure, military, develop their economy, without worrying about inflation. Since USD is reserve currency US simply export their inflation to other countries as reserve currency. It is not a fair game, but that is how it works...
Learn the difference between a poor third world country and developed countries.
Ambani has more dept than a any common man
Why do you think that is??
@@stormtrooper8420 lol what is your point? Are we talking about individual debt here? Be precise before flexing 💪 your stupidity.
Even though i don't really like economics.. These two make it so easy to understand but also inetersting and don't make me yawn.
Best video On the internet since 2016 when I started watching UA-cam ❤
We need more debates like these on otjer fronts as well, like infrastructure, MSMEs, govt schemes.
Learnt something from this.. If the GDP growth rate and household savings is higher than the interest rate then the debt is sustainable
Some graphs would have been helpful. Monologue with so many numbers never easy
Vey very Insightful
Very informative video thanks for the print for bringing this to us.
Write macro Sutra it will be easier to identify the show
Well discussed. Debt managemt is being carried out by Govt with lots of balancing act. Task is steep and dependent on international money/financial status. RBI is cautious but tough surveillance is required to bring down the Debt.🎉
Please refer as Union Government, Central government is wrong wording
Woah.. At first i thought radhika mam is sitting in a burqa and i was like what? Then i had to really focus and see that it was just her hair color and the black dress😂😂
Is state debt, average debts of all states? Because each state is having their own financial system.
No employment = more welfare spending
No public pension & health insurance means more middleclass turning poor and more welfare spending.
NAMASTE. WHAT SHOULD BE THE RATIO FOR UNSECURED LOANS? REGARDS,
Amazing😍😍😍
Insightful
Ameeeeeeen ❤❤❤❤❤❤❤
Reduce salaries & pension of government employees. Reduce social spendings, free electricity, free bus tickets to women, reduce budget for social schemes. All these steps can reduxe public debt. Otherwise state by state will go bankrupt along with Indian government.
Just soooo sooo waooo
What about psu companies debt like nhai, and electricity distribution companies
FD rates in this govt
are very less.I think high
returns on FD can cater to
demand of old pension scheme,which will be beneficial for private and
govt employees.
Consequences high debt will be very bad for poor and middle classes. Govt's favourite GST (indirect taxes) will be increased for the poor. The rich and Corporates will not be affected. PFs money will feed the deficit. Very unequal society. Anyway States like Bihar will never payback.
Rich are already paying huge direct taxes & GST and they don't get any benefit like midddle and lower class gets. Government should bring all business men and agriculturalist within tax bracket and increase no of direct tax payers. No point futurer taxing the rich.
😂😂😂 gst is paid by more rich too we manufacture and pay gst you pay too but less direct taxes rich and middle class too pay it for loans . And yeah freebies will bankrupt country poor will die poverty will hit with job loss no freebies no tax revenue 😢 no capital investment high tax
@@karthikkotatax government babus corrupt rich getting 50% state budget 2% population getting 50% state budget of tax payers poor development budget
reforms of economy removed rajasthan model Congress hate reforms it will take India 1991 bankrupt policy 😳
What's amy doing here from big bang theory
India is a union of States, please use union instead of Central.
Where is the solution ?sirf bhasan de diya aapne
Dont worry we have Viswa Guru, he will order banging of plates we will follow and debt will be waived off by world bank.
‘more sharper’ ..wrong English.
Why we are taking Debt who is taking Debt . Yo we r some 5 trillion dollar economy we should start giving loan to WorldBank and all..
Kyunki Modi he to Mumkin he
useless. talk of debt without any mention of GDP is useless
India should introduce "Debt Reduction Tax (DRT)" to reduce its national debt. Every item should be taxed at least 10% DRT.
Paagal hai, kya? How about cutting useless govt spending to reduce debt?
We are already paying enough taxes.
We should tax rich farmers, earning in crores, and not paying a paisa.
We should introduce farm laws in the states. Fix bad agricultural policies like growing rice and sugarcane in drought-prone areas.
@@rajx7120 DRT tax should be 20% now and imposed on EVERYTHING that exists in the market. No exemptions.
Plus, there should be additional 10% tax on folks commenting on YT.
In March 2023, India's External Debt was 52 % of our wealth, while that of Basketcase Pakistan was only 18.29 %. While China is only 2.9 %. Kindly refer:-
en.wikipedia.org/wiki/List_of_countries_by_external_debt
Dont trust fake info you see on Wikipedia like a fool. What does wealth means ? Our public wealth is 14trillion dollars. You can find the percentage yourself
Pakistani spotted 😂😂😂😂
@@creativemaster007 : Then should we trust 4thi pass proven Jumla Bazz?
Oh BJP bad!! We need Khangress!!! Please save us Nehru ji 😢
Woah.. At first i thought radhika mam is sitting in a burqa and i was like what? Then i had to really focus and see that it was just her hair color and the black dress😂😂