'Collapse in Private Consumption Is Seriously Bad News, Likely to Get Worse, Govt Seems Unconcerned'
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- Опубліковано 3 лис 2024
- In an interview that deflates some of the government’s euphoria about the recently announced Q1 economic results, the CEO and MD of the Centre for Monitoring the Indian Economy says the sizeable and worrying collapse in private consumption, which constitutes 56% of GDP and is by far the single biggest engine driving the Indian economy, is “very serious bad news”. Worse, surveys done by CMIE suggest that private consumption is not likely to pick up significantly over the next 12 months because households are “in deep despondency”. Consequently, the CMIE forecast is that this financial year the economy will grow between 7-8%. The Chief Economic Advisor’s target of 11% seems unattainable and already several independent agencies have reduced their growth target to around 9%.
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Gold loan demand jumped 70% so it clearly reflect the situation of economic conditions of people.
after 20-30 years, these kinda videos will help the students understand what went wrong
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In the long term every one will die!
@@arthanarieswaran1 lol I understand your enthusiasm of copying Manmohan Singh dialogue when he said about economy in long term we all will die. but your trying here dint make sense
No one will even remember.
Ha ha it's 2 months past n the economy is on the swing.. These videos are for for some good laughs 🤣
Beggars cannot choose, so squeezing the people to become beggars may be their way if staying in power at least cost.
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Begging Collection
Yesterday Rs.10
Today Rs.12
GDP Growth = 20 Percent 😁👍
SEETHARAMANOMICS!
@@Arkapravo 👍❤️
😁
Absolutely disastrous policies by the govt affecting the common man entirely. Almost all of middle class are in huge debts because of no relief measures by the govt.
the government that was imposed was not all that ppl friendly either whats your point? The guy literally ran with the country's treasure reserves
Government is keeping money for spending money in 2024.
They've got electoral bonds for that.
@@winter_silhouette expect freebies before 2024 and opening of Ram Temple
32:43 " ... Digging your own grave." Couldn't agree more. "Hard-work vs Harvard" finally yielding results when we need them the most.
I don't know who needs to hear this but stop saving all your money, invest some of it if you really want financial freedom
You can invest in crypto, gold, silver, the forex market, buy stock, anything!
Honestly I tell this my friends everyday, it's good to save money but you gotta have that investing spirit if you really want financial freedom.
@Robert green Dear, this is 2021. People who aren't even trader still make money from the crypto and forex market
@Robert green If think you're too busy to trade or learn how to trade, just know I have some friends who don't even know a thing about trading but invest in a platform where an expert helps them trade, and they get paid profit every week
@Heater Gree Wow, that's really impressive
The PM, FM, CEA and their team of inexperienced lot Are they experimenting some sort of new unexplored theory at OUR expense.
Sab Changa Si! 🤣🤣🤣
Enjoy the ache din
@@ageless1003 Vishwaguru
Did you say experienced team of Government? They are experienced in Demonetisation, GST Muddle, Instant Lock downs, No preparation for Vaxination. Lack of stimulus, stubborn refusal to listen. Over doing crony economics. Inability to take advice. Acceleration into a trench. Trench and trenchant economics & ignorance. External clouds darkening. leaves us gasping for breath.
We are on a ventilator economy.
Is there a Hanuman to bring a sanjeevani. Or a Garuda who will drive away the poison states.
CEA is a student of Raghuram Rajan
The life of the common man life is in droldrum.
The word is Doldrums,
It's not in the doldrums, but being sucked out...
Our Government is clueless
Our FM should seek sm crash course in managing emerging economies from
Harvard or Wharton
We can pay for her fees
Well worst is, if we are even conjuring the idea of yogi A... Possibly to be a PM candidate... We might as well just see more of mind numbing decision making!!!!!
Once you've taken a crash course in crashing the economy, no further course (of action) can help you.
we did have a chidambaram who was a dial a loan expert ..and a raghu rajan who had power without responsobility to clean the mess ..look beyond harvard and wharton
Petrol then was 50 rs a litre
At 100$ a barrel
Pls look beyond FM
It's actually Mrs. Sitaraman's performance that finally convinced me that indeed JNU pass-outs are anti-national.
Narendra Modi Dream Project
"Desh Bechoo Yojna"
If gov will give us job then who will do Modis bhakti and distribute religion propaganda
IT raid coming in cmie office very soon😂
Indian economy is in ICU doctors right now are not ready to disclose the condition of the economy .Now the God is only hope for people of India
😭😭😭😭😭😭😭😭😒😒😒😒😒😒😒😒😒
@@Fekuchand_ please write in English
@@ambarishhegde6643 what should i write in English? 🤔
@@ambarishhegde6643 economy was in icu since 2017 🙄
@@Fekuchand_ Sorry I mistook your name has a comment sorry bro
Very nicely reported sir
Thanks
The govt is clueless about the malaise afflicting the economy.
Yes, u have all the clues.
@@parikshitsharda4377 I'm not supposed to.
@@parikshitsharda4377 He is Not Heading
the Government. Indian Economy is run
into the ground by a Pappu. 🤦♀️
@@vs9324 The Government Headed by an
Illiterate Pappu is the Malaise afflicting
Indian Economy. 😁
@@ratnamani8228 Illiterate chaiwala is more appropriate.
Indian-Bakraa and India have collapsed. India-for-Sale. Superpower and Vishwaguru. Jaahil Zindabad. Jai-Hind
If the Economy is so good, why is Modi selli8ng "Family Silver" ?
Indian economy fell in hole, and did not quite come out of it completely. Nothing to rejoices.
We love the wire!!
By disregarding the advice of all the economists,not just from India but the world over, the government continues to implement wrong economic policies..( like addressing the supply side instead of the demand side....)
This gives rise to a thought that now it is not enough to just criticise the government...but time has come to question the real intent and motive behind consistent implementation of such economic policies...!
Interviews are fantastic. Request to the editor to lower the intro music. It is a blast for the ears.
Superb questions and answers.
The tea was fantastic 👍
Condition of Pakistan is much worse
@@dipjyotimitra186 yes it is. but our problems are more political and less about economics.
@@demdox you know nothing about politics nor economics r8... Economy of a country depends on the political stability of country... Yes I accept Indian economy is going down due to the current idiots.. But you guys are in huge inflation problem.. Your condition is so worse that you guys will not be able to repay your loans.. Even the World Bank or even China in that case is not ready to give any loan to you guys..
Private consumption has nosedived but greed of the corporates to grab public state undertakings has plummeted۔ The government has come out in favour of the corporates۔ people have been taken for a ride by the powers that be۔ Achhe din remains myopic۔
When industries can't even produce utilizing the existing capacity, and there's uncertainty about when the lockdown would be fully withdrawn, how will anyone invest?
Pppppp
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No matter what Mr Vyas sats "This govt eill simply not listen ". So so sad
Thanks
Great discussion! Mr Vyas is a true expert bringing voices from the ground. Will Mr Modi listen?
The wire👏
Mr. Vyas, what you said and what we are witnessing are definitely to worry about. But what economists and other experts recommend can only be understood and implemented if the government has transparent and rational desire to do so. Instead, government is acting with opposite type of motivation which is only focussed towards centralisation of wealth and consolidation of power.
Running down political opponents for gaining political mileage against each other - irrespective of religion and political affiliation - is the rule of the game - called politics !
For the BJP supporter - when has even once critic of Modi were wrong in terms of falling GDP, DeMo, GST and unemployment ?...all their predictions have come true in last 7 years. They have spoken like soothsayers. They knew beforehand what a particular policy of mr Modi would do to economy right from fudging of formula for calculating GDP to banning of 85% currency overnight.
बहुत बहुत धन्यवाद जनाब 👍 आपके महत्त्वपूर्ण सूचनाओं के लिए 🙏
आप जैसे सच्चे पत्रकार को सत्-सत् नमन जो जनता जनार्दन समस्याओं व देश के ज्वलंत मुद्दों को उठाते रहते हैं 🙏😀
The question is... in case of a change of power in the near future... How will the economic affairs of our country be managed... while keeping a check on price rise of basic requirements of groceries and fuel...
🙏
Only income of Adani, Ambani and BJP are going up. All others' are going down.
Good evening to everyone!
Karan a very good interview , but the government is sleeping and they will not do anything for Demand based recovery
Is it possible for Indian individuals to cut consumption of imported goods, starting with oil?
Hard time ahead for common people.
Such great insights by vyas sir .......just hope we are not going like Srilanka 🙏
Who cares!!? The Govt clearly doesn't!
Enemy of the people!!
Sadist people will never be happy
The Govt seems to be at a loss of practical ideas. They don't seem to be adequately equipped. They are interested only in image building.
Good information.
Would also like to hear views on... Some things like below:
Is inflation dangerous than desired growth momentum to pick up? Is the govt concerned much about inflation?
May be Quarter 1 is not strong candidate to assess growth - for it succumbed to second wave of pandemic did contribute to partial lock downs. Quarter 2 may be a better case for such assessment?
I will tell you why the government is not doing anything, as they are broke so "atmnaatmanirbhar bharat" is all about outsource everything to private entities and that day isnt too far when corporate will run this country if this continuous.
We are clearly in a K - Shape Economy which is just going to create a bigger divide.
BTW where is Dr Pronab Sen?
Happy Teachers Day
None of the concerns expressed here is reflected in the stock market, which is at an all-time high
FPIs, banks and passive investment funds(ETFs, index funds) move the markets
Please make a new report on Gruesome, inhumane rape and murder of Sabiya, a 21 year delhi police women.
I humbly request you to report on this wire
Is murder aur rape ke bareme koi bhi News Channel cover he nahi kiya. Kya ek police wali aurat ko samaj izzat nahi karti? Please report on this matter 🙏
#justiceforsadiya. Please spread this message/comment
GOVT WILL SPEND ONLY IN PURCHASING MLAs AND MPs . THEY ARE NOT INTERESTED IN SPENDING ON THE COMMON MAN.
Hamare Loktantrik Desh Bharat mein Corporate Gharana Ameer Ho raha hai aur Aam Janta Daridra Ho raha hai Jo bahut Jyada Kashtdayak hai .--- Aam Jan Adhikar Manch, Buxar, Bihar .
Every country will broke at some point in time due to instabilities (corruption) within like resources (water, oil, etc), power (political equality), etc.
Put it in simple terms people are not eating enough. And buying basic consumables and necessary basic electric appliances. That equals to less of jobs and that is very bad for India. It is as simple as that.
Why we are not taking into account 1st quarter also seen 2nd wave and hence 20% not bad
Arrogant and evil govt.
Every decision is done by PM. There's no any other people involved. U r genius.
If economy isn't doing well...thn how is gst revenue is increasing??...as thapar 'underlines'
As long as Pegasuas + Evm + EC is there, BJP will be unworried.
Bhakths are modiji's greatest strength.
Karan how many people would really understand these clarifications. Most of the people and particularly those who form the vote bank would only go by what they see on the face or they do not want to see under the face are the target of these figures and surprisingly it works during polls and that is what the main target is - winning polls.
Income suport to what ?
1.3 billion people
Has he lost his mind ?
Can be easily done by bringing back black money and depositing 15 L in everyone's account. /s
An important interview .
Private consumption would inevitably be lower during lockdown periods. This data is April-June quarter when we had the horrific second wave. Consumption and investment data would surely be higher in the second quarter.
Alright... Pretty much the gist of this show is... Modi is bad and his cronies who run the government are inept. Economy is a disaster. We advocate INC brand secularism and Rahul Gandhi as the next prime minister. Bring India back from the Dark ages since 2014. INC has the best politicians and advisors to lead India as a powerful nation. No corruption in INC. No more communal violence and inept government policies. FORGET THAT PEOPLE CONSISTENTLY VOTE FOR MODI AND ELECT HIS PARTY. THEY ARE UNEDUCATED AND EASILY FOOLED.
NOW COME MY CHILDREN LETS VOTES FOR GANDHIS AGAIN. INC FOR EVER IN INDIAN POLITICS.
Problems problems problems, anybody has any solution ❓️
Karan went to Doon school. So did Rajiv Gandhi and Prannoy Roy and many others who hate Hindus and Bharat mata. Read the book "The story of the Doon school goons"
BJP stop say act of god. Do something for poor income families
Sir, please speak about the monetisation plan.
Economy won't revive for a couple of more years
And as for Private consumption related GDP growth, it's useless. Either your GDP grows because of exports which then raises income level and leads to a former.
India ke ache din agaye....
Out-of-balance V.
Interesting! Discussion about fall in consumption is sponsored by Glenlivet!
Ok
Ya to sanvidhan se Secular word hatao ya:-
1. Muslim Personal Law Board hatao.
2. Waqf Property Act 2013 hatao.
3. Madarso ki govt funding band karo jahan majhabi talim di jati hai.
4. Sacchar Committee Report hatao.
Why is the Govt shy of making increasing investment in spite of good revenue growth.Could it be because of apprehension about the impending third wave for which they want to preserve its resources.
Could it be that the BJP'S electoral funds are from some private mncs who are in turn funneling money into the party from our competitors countries globally. Hence a deliberate sabotage of the economy???
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Sirf hungama khada karna mera maqsad nahi .. Meri koshish hai ki ye Surat badalni chahiye ... Mere sine mein nahi toh tere sine mein sahi ho kahi bhi aag , Lakin jalni chahiye..!!
Vote with brains, tell others
... somehow 'differently' V_shaped....
ek baar fir modi ke sath interview ho jaye sir 😉
Are u friendly 2 the nature's
We hate Modi Shah and BJP
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You lack ideas. Don’t just throw opinions give ideas
Yes, Pronab Sen also said in an interview with karan last year, that the economy will contract 14%, but turned out to be 7.3%, off by nearly 100%.
U prepare for the worst but hope for the best.
@@ageless1003 That's not what should come from an expert
@@dipjyotimitra186 acha, you want lockdown in 4 hours ?...or ban 85% currency overnight ?...
@@ageless1003 These are not experts, they Kongi leaning academics and bureaucrats, nurtured and fed by Kongress over the years to do their bidding. This CMIE person is also a political creature, check his background. They have packed JNU economics department with these commie professors.
@@dipjyotimitra186 Yes these experts are beginning to sound more like astrologers. Deep in their heart they are wishing and hoping that the economy comes crashing down during Modi's term, so that their masters, Kongis, come to power.
Ghanta v shape recovery.
Wow only 29k viewership. Laughable but not being sarcastic.
Does the Wire highlight any positive things that have happened in the country or in the economy? Or is speaking truth to power simply about being an antagonist?
What good has happened..If middle class feéls safe and content in a çouñtry ..Then that's the good
@@philomenathomas1619 Do you really believe nothing good has happened for the country or the economy? If so, there's no point even trying to discuss.
9
Desh mein kuch log bakchod hain toh desh ki halat kharab hogi hee naa.
Journalists are strange beings they catch different heads of hydra and claim they have pinned it down. Except by the narrative they build, they always remain nonsensical. They Speak of everything they do not know, knowledgeably so.
You've correctly described Sudhir Chaudhary
It sounds as if Mahesh Vyas is trying to speak in the same style as Karan Thapar. Is it just me who has this feeliing...?
first comment,,,
Congratulations! Think before you vote next time, tell others
One small comment for a man, a giant commentary for mankind.
Kerala is next Kashmir but no secular political party will ever speak I can't imagine how anyone see this coming
How is your comment pertinent to the subject at hand ?
Don't worry about Kerala. We will neither allow it to be a Kashmir nor UP of Ajay or Gujarat
AS LONG AS IT DOES NOT BECOME ANOTHER UP OR BIHAR IT IS OK IF IT BECOMES KASHMIR.
Our Man Karan will always try his best to show Modi Government in bad light.
nange ko nanga hi kahoge na ... the PM is the one of the most incompetent head in a very long time....
AND WHAT HAS THE FEKU DONE TILL TODAY FOR THE COMMON TAX PAYERS OF THIS COUNTRY OTHER THAN PURCHASING MPs AND MLAs?
Where do you live mr. Balu? I think you are either hypnotize by bhakt idea or living in fairy land or you are one of the few cronies associated with.