What India needs to learn from Turkiye's economic crisis? : Economic case study

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  • Опубліковано 27 тра 2024
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    VIDEO INTRODUCTION:
    Hi everybody,
    Turkiye’s economy is in shambles! In 2014, 4 Liras were equal to one dollar, but as of Jun’23, it depreciated to 23.1 Lira and by October it was already 28.1 Lira per dollar, that's a 600% decline in just 9 years! And to make matters worse Turkiye was even hit by a massive earthquake
    And the situation is so bad that inflation in Turkiye reached a peak of 80% and now it stands at 61%!! And you know what Guys, Turkiye is a classic example of how politics ruined the economy of the country due to the short term decision of the politicians!! And this case study is very very important for us to learn from, because even we have our elections coming up in 2024, and just like Turkiye, if our politicians start implementing people pleasing policies, even we will be in Shambles!! And unfortunately, these pleasing policies have already started popping up!!
    So this failure of Turkiye has some very very important lessons for India and every other country that is trying to revive its economy.
    So in this episode today, let's dig deep and understand,
    1) Why is Turkiye in such a terrible state?
    2) What did their government fundamentally do wrong?
    3) And most importantly, what are the lessons that India and the world need to learn from the failure of Turkiye?
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КОМЕНТАРІ • 1,8 тис.

  • @indiankuttan401
    @indiankuttan401 6 місяців тому +1009

    India should spend more attention on energy production locally because 80% of the energy requirements are met by imports. The message Turkiye gives is the importance of the economic management more than politics. The higher interest rate may cause pain but that is the only way forward. The Indian political parties should not indulge in freebies. The voters who can understand this will save India in the long term. Many of the state governments are financially broke due to such short sighted visions. Hence, vote responsibly.

    • @wazukyan7696
      @wazukyan7696 6 місяців тому +87

      Look man it's impossible to make mass people understand that freebies & unnecessary subsidies are bad really bad . I'm from Bangladesh but we face the same problem. Hope you can overcome this issue .

    • @indiankuttan401
      @indiankuttan401 6 місяців тому +21

      @@wazukyan7696 don't disagree. If someone understands, it is good.

    • @avanishkumar2682
      @avanishkumar2682 6 місяців тому +57

      In short donot vote for INC

    • @divrat7087
      @divrat7087 6 місяців тому +17

      Adani gets unusual benefits in energy industry, govt makes sure of that even at the cost of increasing energy prices.

    • @RV-qf1iz
      @RV-qf1iz 6 місяців тому +15

      ​@@avanishkumar2682bjp is also giving free ration 😅

  • @rimurutempest2130
    @rimurutempest2130 6 місяців тому +164

    I am from #Karnataka . We been telling everybody exactly this but people are so blind . Thanks for covering .

    • @SharadinduD
      @SharadinduD 6 місяців тому +25

      Save people from INDI Alliance.

    • @rimurutempest2130
      @rimurutempest2130 6 місяців тому +25

      @@siddharthsriram2685 don't be a fool . Just increase in imports doesn't mean anything . It might also indicate that people have more purchasing power now and cheap products are only available in China right now.
      Also shows your lack of knowledge just because of this point he suddenly became BJP guy. That is not how the world works kid. You need to reeducate yourself

    • @buzzlightyear1484
      @buzzlightyear1484 6 місяців тому +10

      ​@@siddharthsriram2685india gets 20 percent market cap in us while China decreased 10 percent

    • @rajeshshetty1616
      @rajeshshetty1616 6 місяців тому +14

      ​@@siddharthsriram2685if things work for ur convenience it's ok if not then bjp agenda.grow up man

    • @Godhelpme2093
      @Godhelpme2093 6 місяців тому +2

      ​@@rimurutempest2130but where is boycott china now

  • @kartikkhandelwal6050
    @kartikkhandelwal6050 6 місяців тому +158

    "There's no such thing as a free lunch" - Milton Friedman (Noble laureate, economist)
    Amazing Ganesh! This is very very important topic to be understood by masses of our country especially youth.
    As an econ grad, I completely agree with all your points n I always try to make people understand this petty politics of freebies from my end.

    • @RoniiNN
      @RoniiNN 3 місяці тому

      The free lunch you just pay for in the future with interest.

  • @jestinmathew4503
    @jestinmathew4503 6 місяців тому +76

    May India rise and become a developed country in 2047. Keep more economics related content coming.

    • @anupamkumari9752
      @anupamkumari9752 6 місяців тому

      Why 2047?? Why not in 2033

    • @jestinmathew4503
      @jestinmathew4503 6 місяців тому +4

      @@anupamkumari9752 According to PM Modi, India will be developed by 2047.

    • @DC-zi6se
      @DC-zi6se 6 місяців тому +6

      @@anupamkumari9752 Not possible. Check the stats and time progression of countries that went from .65 to .75 or .8. It takes atleast 15-20 years. And India being such a Massive country will take longer.

    • @subhrajitgupta5535
      @subhrajitgupta5535 6 місяців тому

      @@jestinmathew4503 Modi is a biggest fraud. Analyse on your own the average growth rate in last 9 years, and think independently.

    • @gjrbb
      @gjrbb 6 місяців тому +1

      @@anupamkumari9752 Why 2033? Why not in 2023

  • @mayurkanth6987
    @mayurkanth6987 6 місяців тому +456

    U missed most important thing
    Turkey's Gdp in 2021 was nearly equal to that in 2008.
    It's Stagnant.

    • @azeemsoona
      @azeemsoona 6 місяців тому +7

      😂 you don't understand GDP that much do you

    • @KRISH57676
      @KRISH57676 6 місяців тому +94

      @@azeemsoona We R all ears, speak up........

    • @joshuatheunkownuniverse.2475
      @joshuatheunkownuniverse.2475 6 місяців тому +116

      @@azeemsoona lol...... Y its always has to be a muslim to defend muslim countries? Y only muslim assess burn?

    • @Republican_barb
      @Republican_barb 6 місяців тому +37

      ​@@azeemsoonahow does it work??

    • @AemondTomahawk
      @AemondTomahawk 6 місяців тому +43

      ​@@azeemsoonatell us ibn e batuta... Their gdp per capita hasn't grown since 2008.😂

  • @user-iw2jb3my5g
    @user-iw2jb3my5g 6 місяців тому +355

    FREEBIES OF POLITICAL PARTIES ARE NOT GIVING MONEY FROM THEIR POCKETS, INSTEAD THEY ARE GIVING FROM MIDDLE CLASS HARD EARNED TAX MONEY...

    • @Canyouseemeanna
      @Canyouseemeanna 6 місяців тому

      Well, when only 2% population pays income taxes why blame the government, our fellow citizens are sucking our blood. Even if the government wants to decrease the Income tax they cannot.

    • @shashankmurthy2521
      @shashankmurthy2521 6 місяців тому +5

      💯

    • @1017ud
      @1017ud 6 місяців тому

      So basically the crash in AMERICA was the reason of destruction their currency/economy, then they were promised a loan by IMF (in dollars) if they let outside businesses operate in turkey. So they wiped their economy, cleared turkeys market from its domestic players ( for american MNCs to capture turkeys market) and left them in debt even after it was Americas fault 🤣🤣🤣 brilliant why don’t other countries have Dot com crash, housing market crash etc

    • @nikhilgoyal4840
      @nikhilgoyal4840 6 місяців тому

      still they get votes man due to this and people on recieving end dont know anything about economics and they are not at fault also. Their should be a rule from EC to bar such parties who provides freebies

    • @oyebeserious3774
      @oyebeserious3774 6 місяців тому +2

      Up haryana mp farewell scheme other states freebies😅😅😅

  • @nkrama
    @nkrama 6 місяців тому +34

    From my Turkish friend who has now moved to Europe, "It’s a very good video exactly showing what happened. After the elections, Erdogan appointed the Minister of Economy of the economical growth era back again and also appointed an Harvard Graduate Turk to the Central Bank, getting back to normal economic rules, but the price tag of the delusion was high. The guy really made a good point showing Turkiye as a bad example for what might happen in Bharat." Great video, guys. Need more such in-depth materials to continue whetting our appetite and helping us understand macro economics better

  • @sailajasandeep
    @sailajasandeep 6 місяців тому +19

    SIR THIS IS VIDEO NEEDS TO BE TRANSLATED INTO REGIONAL LANGUAGES AND SHOULD REACH COMMON PEOPLE OF INDIA.
    COULD YOU PLEASE THINK OF A WAY OR REACH REGIONAL VLOGGERS FIR THE TRANSLATION.
    ONCE DONE WE CAN TAKE THE INITIATIVE IN SHARING.
    FANTASTIC VIDEOS LIKE THIS MUST REACH COMMON PEOPLE OF INDIA.

  • @atikagarwal4720
    @atikagarwal4720 6 місяців тому +372

    I really hope that this video reaches to as many people as possible and they understand how bad politics can affect our country's economic future. This is a very well made video.

    • @vivekpmc1992
      @vivekpmc1992 6 місяців тому +13

      No , our nation is majorly rural and they want and getting everything as free as possible. I am here in village for last 10 days and find ppl involved in getting everything free.Now it wouldn't be possible to comedown of this ladder like reservation etc. Only middle class in India has to suffer.

    • @VARUNKUMAR-Up
      @VARUNKUMAR-Up 6 місяців тому +10

      BJP DONT WANT GIVE FREEBIE BUT IF OPPOSITION IS GIVING THEN THEY ARE LEFT WITH NOTHING BUT TO GIVE...
      WE PEOPLE SHOULD SAY NO TO FREEBIE

    • @user-hn7zs9yr4e
      @user-hn7zs9yr4e 6 місяців тому +1

      😂😂😂😂 People don't care if tomarrow electricity cut for ever or petrol is not available

    • @ShubhamSingh-jo5nb
      @ShubhamSingh-jo5nb 6 місяців тому

      Do not worry most of the promises don't even get fulfilled . A 200 free unit in metro where average use is 400 unit , free ride for women in bus and governments vehicle which is mostly used by man, Ration is necessary. Only thigh is we need to control the population becouse we do not need to increase the people who use freebees

    • @althaf.2619
      @althaf.2619 6 місяців тому

      ​@@VARUNKUMAR-Upmodi ji allready india me inflation ka maabehan kardiya freebee se durki batt

  • @rameshkumaryathirajyam9819
    @rameshkumaryathirajyam9819 6 місяців тому +203

    Dear the Case study on election freebies by Congress and other parties . Example how Karnataka is doomed due to its freebies . AP is another example

    • @thakur2622
      @thakur2622 6 місяців тому +56

      Also right now in Punjab , please it's a humble request

    • @rout4446
      @rout4446 6 місяців тому

      Congress has already announced yo free farm loan in MP if they win.
      These people destroy our economy just for shake of vote 😢

    • @s9ka972
      @s9ka972 6 місяців тому +44

      ​@@thakur2622😂 Kerala is struggling even with no Freebies

    • @SwethaSmiley-ik1pc
      @SwethaSmiley-ik1pc 6 місяців тому

      ​​@@s9ka972What is there to wonder? Commies never let any industry to grow.. totally against industrialization basically letting ur investers not feel safe, they will move to Gujarat or TN or MH. On top of that hartals and bandh every now and then ..so ketalites had to go abroad for income generation. no industry no money to state govt. So only option alcohol.

    • @-VAJRA-
      @-VAJRA- 6 місяців тому +17

      Modi recently announced freebies for 80 crore people

  • @dholakpurkirakhi434
    @dholakpurkirakhi434 6 місяців тому +31

    My Father when migrated from Rajasthan to Surat for earning money
    he had nothing in his pockets but had so many expenses of wedding of his brothers and sisters
    This is what We jain Marwaris are Created
    Even at that Time He takes risk and start business from Relative money and today we have such a good lifestyle
    I don't know why in many society People are scared of doing business
    my Father is not educated well
    people should come out of the mentality of Jobs
    In India everything is possible for businessmans

  • @SOHAM_youtube
    @SOHAM_youtube 6 місяців тому +21

    We need more complex scientific studies, research explained by you in this simple way 😊 excellent explanation.

  • @ssingh018
    @ssingh018 6 місяців тому +48

    Kudos to you and the team. You have summarized the Turkiye economic issues very well for the common audience understanding. Not only Indians, the citizens of the world should learn from this example. Not elect leaders implementing short term economic policies to gain voters confidence - that eventually bite back the same common man in form of high interest rates.

  • @andrewrogers3067
    @andrewrogers3067 6 місяців тому +312

    Turkey had literally everything it needed to be an insanely strong regional power. A growing economy, Great geography, resources, strong population with good demographics, a powerful military and great national identity. This isn’t even touching upon how weak their neighbors are.
    How they messed this up is honestly impressive, but hey! Cheap vacation.

    • @wazukyan7696
      @wazukyan7696 6 місяців тому +30

      Weak neighbors are actually a problem

    • @rohitb405
      @rohitb405 6 місяців тому +26

      ​@@wazukyan7696and the people in these nations as well

    • @TheSanchit50
      @TheSanchit50 6 місяців тому +24

      No cheap vacation. Came from Turkey last week and most of the things are adjusted to Euros. And People are not even bothered about the Inflation and happily adjusting everything month wrt to Euros.

    • @azeemsoona
      @azeemsoona 6 місяців тому +8

      That they messed up is just an assumption based on numbers. They didn't. In fact they will rise up with or without the US support

    • @abhinashkumar3161
      @abhinashkumar3161 6 місяців тому

      right

  • @Beautista
    @Beautista 6 місяців тому +41

    Hatsoff to this guys ability to make us Indians more matured in areas where normal people wouldn’t have even thought of

    • @sharmana100
      @sharmana100 5 місяців тому

      but we need politicians and their advisors to see this video.

  • @theOptimisticCoder
    @theOptimisticCoder 6 місяців тому +24

    Amazing video!
    All the Indian citizens should cast their vote after keeping the points that are discussed in this video in their mind & then taking a well informed decision.
    In the end in a democratic country like us, we, the people are the ultimate decision makers & should always think of the long term growth of our country.

    • @Noonel-_-1
      @Noonel-_-1 6 місяців тому +4

      We need nuclear energy instead of renewable energy for long term goals

    • @davidalexsebastiank6250
      @davidalexsebastiank6250 6 місяців тому +2

      But Rural area people will not understand

  • @vipashapmehta
    @vipashapmehta 6 місяців тому +26

    Absolutely gold!!!!! Bang on!!!!!! Think school is back in action!!!!Kudos - more power to you - keep on bringing more such videos....❤

    • @azeemsoona
      @azeemsoona 6 місяців тому

      Not this one. I think his main aim was India and not Turkiye

  • @sambitchakraborty6996
    @sambitchakraborty6996 6 місяців тому +28

    Today I felt like that I am watching your video like I used to during Covid times with that white (not so fancy) background. That was a time with not-so-good video quality/editing but top-notch content and few thousands of subscribers to millions now. what a journey!!!

  • @chiraggarg6789
    @chiraggarg6789 6 місяців тому +4

    I watch almost all your videos.I had an interview at Mckinsey and i was able to crack only because of your channel.The knowledge gained and insights learned from your channel helped a lot.

  • @krishnabalak
    @krishnabalak 6 місяців тому

    Excellent video as always .. the cherry on the cake is you are asking the question in the middle.. that's is very very good..

  • @ashwanichaudhary6439
    @ashwanichaudhary6439 6 місяців тому +23

    In my city people are now started to use solar panel , i think this will help a lot to a country as a citizen

  • @dhivyark6705
    @dhivyark6705 6 місяців тому +9

    I m not a business student but very informative as it helps to know world affairs and deeper economic aspects for civil service aspirants like me👍🏻The way you explain is cool👌

  • @nanonanao9988
    @nanonanao9988 6 місяців тому +5

    🇲🇨 🤝 🇮🇳 hope our economy and trade relation can grow together

  • @murariguntupalli582
    @murariguntupalli582 6 місяців тому +174

    Can you do a growth series like the Singapore one?

    • @titan2984
      @titan2984 6 місяців тому +4

      He already made 2 part series about Singapore

    • @murariguntupalli582
      @murariguntupalli582 6 місяців тому +14

      @@titan2984 I am not talking about Singapore , I mean case studies like that.

    • @bharambedeepesh
      @bharambedeepesh 6 місяців тому

      Membership ka fayda batana?

    • @sudhanshusrivastava1969
      @sudhanshusrivastava1969 6 місяців тому

      Bhai do not compare Singapore with India due ro its size..

    • @varunmittal3617
      @varunmittal3617 6 місяців тому

      turkey should discontinue Lira and Make Euro as its currency and live peacefully no worry on import even if you export nothing

  • @MrBlackjack456
    @MrBlackjack456 6 місяців тому +161

    "Turkey's Economic Crisis: Lessons for India and the World"
    Summary:
    This video discusses the severe economic crisis in Turkey and the important lessons it holds for India and the rest of the world. Turkey's economy is in turmoil, marked by skyrocketing inflation, a depreciating currency, and the government's struggle to manage these economic challenges.
    Key points and takeaways from the video include:
    1. Turkey's economic situation: Turkey's economy has been in distress, with its currency, the Turkish Lira, losing almost half of its value in a year. The country faces issues like high inflation, soaring current account deficits, and a general economic downturn.
    2. Causes of the crisis: The video explains how Turkey's economic woes are a result of various factors, including excessive borrowing, a rising current account deficit, and a depreciating currency. The situation was worsened by external factors like the Russia-Ukraine war and the COVID-19 pandemic.
    3. Political decisions and elections: Turkey's government made short-term, people-pleasing decisions, such as decreasing interest rates to gain favor during elections. These policies led to increased inflation and the depreciation of the currency.
    4. India's situation: India faces similar challenges, with a high current account deficit and an energy dependency on oil imports. However, India has taken long-term measures to reduce these dependencies and manage its economic situation.
    5. Lessons for India: The video emphasizes that India should not rely solely on GDP as an economic metric and should consider other indicators like fiscal deficit, import deficits, and interest-to-revenue receipts. India should also focus on increasing exports, reducing import dependencies, and not prioritize politics over economics, especially during election times.
    6. The importance of informed citizens: The video encourages informed citizens to question politicians and understand the economic implications of people-pleasing policies.
    Overall, Turkey's economic crisis serves as a cautionary tale for India and other countries, highlighting the consequences of prioritizing short-term political gains over sound economic decisions.

    • @palanisamymurugan3943
      @palanisamymurugan3943 6 місяців тому +5

      Hey mate,very well you said.Great

    • @MrBlackjack456
      @MrBlackjack456 6 місяців тому

      @maddy_utkarsh what do you think?

    • @abhinavkumar3232
      @abhinavkumar3232 6 місяців тому +5

      @MrBlackjack456 is clearly AI generated 😂😅

    • @MrBlackjack456
      @MrBlackjack456 6 місяців тому

      @@abhinavkumar3232 The least you can do is thank me for saving 18 mins of your time. You are Welcome.

    • @teerthjain8316
      @teerthjain8316 6 місяців тому +1

      Nice

  • @ELsaketh
    @ELsaketh 4 місяці тому +1

    Very informative, knowledgeable and enlightening, keep doing such things ....proud of this channel

  • @shengxianhuo7814
    @shengxianhuo7814 5 місяців тому +1

    Again I marvel at the scope, depth and deliver of this channel. If sharing wisdom in economics was a sport think school would no doubt be the back to back champion

  • @nk9996
    @nk9996 6 місяців тому +15

    First of all thanks for coming back to the original way of doing video this Ganesh is what I missed no fancy background,no fancy mic setup and especially this camera angle is what made me to feel a neighborhood boy vibe before suddenly everything changed and now after long time this video remains me of your starting stage of vide making and secondly today only i learned it's TURKIYE and not TURKEY !😂😂

  • @rajindian7292
    @rajindian7292 6 місяців тому +31

    Indian should learn every major geopolitics events, to make efficient governing system & better infra in all sectors

    • @user-pv2xy1og8h
      @user-pv2xy1og8h 6 місяців тому +2

      Thanking to the very great PM Modi ji and our great BJP government India doing very very good sir. We wisely support the warcrimings of Putin sir which means we buying very cheap oil from Russia while other foolish countries like west paying so much for oil. India doing very much better than any country of peacefulls! We also so proud not being member of NATO like Turkey and we fighting west hegemony supporting war against Ukraine!! So proud for India sir!

  • @nawazkhan3002
    @nawazkhan3002 6 місяців тому +1

    Was really educating. Thankyou. Never understood Current Ac deficit. Finally did. Thank you

  • @mikepurewal5816
    @mikepurewal5816 6 місяців тому +2

    Thanks from Canada.
    Your vidéos are always very informative.

  • @ajittitude
    @ajittitude 6 місяців тому +355

    For Turkey 🦃 & 🇵🇰 religion is more important than economy.

    • @karna8658
      @karna8658 6 місяців тому +91

      It's the story of most Islamic countries.

    • @_animewatcher
      @_animewatcher 6 місяців тому +62

      Lol they want 72 horr so let them prey 😂 to ola drivers

    • @nkr-os9dd
      @nkr-os9dd 6 місяців тому +28

      Same in India also instead of development government is concentrating on religious politics

    • @karna8658
      @karna8658 6 місяців тому +61

      @@nkr-os9dd not just religious, caste politics, Freebies politics and blame game.
      We are doomed too.

    • @ashu2893
      @ashu2893 6 місяців тому +17

      Iran too

  • @adityachaudhary1610
    @adityachaudhary1610 6 місяців тому +19

    Case study on how revdi from any party is extremely bad for economy?
    Health, education, farmer subsidy are enough for right now and other money should be directly invested for infra and job creation

  • @niharhingrajia8606
    @niharhingrajia8606 6 місяців тому +1

    Extremely loved the style of you posing a question for us to think rather than directly giving out facts. This seemed extremely helpful in building an independent and rational mind. Please do it more from next videos and we all will surely become brighter "THINK" School students. I am always excited and eagerly waiting for new videos. Really love your work

  • @senrus_
    @senrus_ 6 місяців тому

    It's the only channel that doesn't fuss about camera quality, and that's what I love about it

  • @mriduldebnath340
    @mriduldebnath340 6 місяців тому +4

    Thanks ❤.... that's a great video...the way you simplify the economic crisis and make it easy to understand for us is great.😊

  • @kaustubh_shetye
    @kaustubh_shetye 6 місяців тому +16

    So much learnings in this video
    Thanks for making it❤

  • @satishacharya8097
    @satishacharya8097 6 місяців тому +10

    a very powerful knowledge session. Definition of Repo rate and how to control inflation was summarized in a very simple manner. Thank you very much.

  • @TamilTrailers
    @TamilTrailers 6 місяців тому

    Love your channel and video lessons, keeps us aware of the economy. keep up your good work.

  • @sudarshan4077
    @sudarshan4077 6 місяців тому +24

    This is very good content of economy why can't you or your team members can make same content on regional language so that the common people understand and choose the right leader for national

  • @exdee8446
    @exdee8446 6 місяців тому +7

    Please make regional language versions of this so that people who don’t speak english (majority in India) can understand this video. This is a need of the hour with the upcoming elections

  • @knkrishnaadiga4017
    @knkrishnaadiga4017 6 місяців тому

    I have been watching Think School videos for a long time now. Such great content is provided here. Keep on doing good work.💯

  • @vinayabhyankar6740
    @vinayabhyankar6740 6 місяців тому

    What’s a wonderful presentation and message delivery

  • @gattireddycharankumarreddy5122
    @gattireddycharankumarreddy5122 6 місяців тому +20

    Hi bhaiya.... If you look at the "BANGALORE IYENGAR BAKERY" and do a case study.. this bakery is will known in Karnataka and other South Indian states but It's is not a registered company.. it is quite interesting 🤔🤔🤔

    • @prasadpasumarthy2965
      @prasadpasumarthy2965 6 місяців тому +7

      It’s not owned by a single entity but owned by individuals who hail from the Hassan district of Karnataka and belong to the Iyengar sect of Brahmin community

    • @want2behere
      @want2behere 6 місяців тому

      Iyengar is a sub caste of the Brahmins.Traditional owners of Iyengar bakery are mostly selling the business as the next generation is not interested in continuing the business. In some places the business is purchased by non Iyengar community and continuing the business for the brand name.

    • @prasadpasumarthy2965
      @prasadpasumarthy2965 6 місяців тому

      @@want2behere yes that’s happening sadly

  • @dholakpurkirakhi434
    @dholakpurkirakhi434 6 місяців тому +7

    Exports are being so eased From 5-6 years
    We are just have a normal shop of Saree In Surat
    we were supplying sarees to Madhya Pradesh from long time with normal scale
    Then suddenly In our shop A customer comes who was Indian origin but lives in Qatar
    we had never think that we can even export in Foreign countries as we have such a small shop
    But This is what government had changed Scenario for business like Us
    from My shop and my Both uncle shops we nearly Supply 1Cr Worth sarees to Qatar every month
    This is not our 20%
    now we will start increasing it with time
    Qatar is just one country
    we can easily export In every nation 😁
    reality is that after 500-1000 rupees stop and GST comes ... people business doesn't decreases but it increases and Illegal stuffs got decreased
    we had seen our best time after GST 😉
    First we have to Understand Government policies 😎

    • @mostlymi9963
      @mostlymi9963 6 місяців тому

      You are peddling politics like a troll. Your shop is not national economics.

    • @dholakpurkirakhi434
      @dholakpurkirakhi434 6 місяців тому

      @@mostlymi9963 Not Only My shop man 😑
      Come to whole market there are more than 70000+ shops here
      it is reflected everywhere
      this all shops give super huge contribution to whole Gujarat

  • @think-king4030
    @think-king4030 6 місяців тому +8

    Something similar was done by the former pm of UK, that's why Sunak was chosen

  • @narraikhan285
    @narraikhan285 20 днів тому

    Your videos teach us more than any MBA college. More Power to you and God bless you!

  • @sunderkunchithapatham5248
    @sunderkunchithapatham5248 6 місяців тому

    Thank you for sharing the analysis thus helping us with better understanding

  • @dhruvinmungra7855
    @dhruvinmungra7855 6 місяців тому +4

    Amazing video with Factual information and content. You are really great sir ✋
    Keep supporting you always 🙏

  • @thakur2622
    @thakur2622 6 місяців тому +4

    Thanks for informatic video 🙏

  • @raviselvaraj3967
    @raviselvaraj3967 6 місяців тому

    Well presented... Learnt some basic aspects of country's economy.. thank you 🙏

  • @satishimca
    @satishimca 6 місяців тому

    I really enjoy all your videos. Very informative and lots of takeaways.

  • @jeetjaiswal3799
    @jeetjaiswal3799 6 місяців тому +4

    Hey man, very well researched and even better presentation
    Keep up with these geopolitical cases, they're actually really insightful👍🏼
    Btw, where do you find these articles and graphs for such content?

  • @user-zt2dk8ld3b
    @user-zt2dk8ld3b 6 місяців тому +5

    I totally agree about the comment you made about the freebies in Indian politics...people fail to ask a basic question to themselves, which is "who will pay for it?" and the answer is quite simple too.. ITS GONNA BE YOU!!

  • @danieloghenebrorhie2590
    @danieloghenebrorhie2590 6 місяців тому +2

    I truly enjoyed and liked this video.
    Politics is so emotions driven these days that voters hardly think of the consequences of "People pleasing Policies".
    I have learnt a whole lot from this video.
    Thank you

  • @VishalS82091
    @VishalS82091 6 місяців тому

    Well researched... Very well articulated 😊

  • @user-uy1cg7gz9z
    @user-uy1cg7gz9z 6 місяців тому +13

    Your videos are top Notch bro. I got interested more on Business after watching think school. Writing CAT and hoping to get 100 percentile and get my Dream business college IIM Ahmedabad, Bangalore or Calcutta and Pursue PGDM in Finance and Banking

    • @ThinkSchool
      @ThinkSchool  6 місяців тому +2

      All the best bro ❤️❤️

    • @LAK1948
      @LAK1948 6 місяців тому

      Wish you best of luck.

    • @want2behere
      @want2behere 6 місяців тому

      All the best

  • @shaikhabrahim7176
    @shaikhabrahim7176 6 місяців тому +4

    Excited 😊

  • @SP-Steel
    @SP-Steel 6 місяців тому

    Very relevant video. Its not just india, but common people and policymakers from every country in the world should learn from this video

  • @harsheryaaradayaar6919
    @harsheryaaradayaar6919 6 місяців тому

    This Video is very Valuable for an Individual and a Voter as well as for the country also.
    Thanks

  • @agdmbgdm1226
    @agdmbgdm1226 6 місяців тому +5

    Though it's economy is at its worst point but still because of its geostrategic location and geopolitical competency they are exercising their strategic autonomy which is quite impressive.

  • @areclipse8665
    @areclipse8665 6 місяців тому +4

    Much appreciated for the research to understand the economic situation of a country who is choosing religion instead of country. Keep it up 👍

    • @davidalexsebastiank6250
      @davidalexsebastiank6250 6 місяців тому

      Ottoman dream of erdogan

    • @areclipse8665
      @areclipse8665 6 місяців тому +1

      @@davidalexsebastiank6250 Turkey is already bankrupt and still Erdogan is dreaming for his ottoman empire.,

  • @ashishtiwari2261
    @ashishtiwari2261 6 місяців тому

    Extraordinary work mate...may this video passes to larger section

  • @Rajscorpio
    @Rajscorpio 6 місяців тому

    Superbly done. Very nice video🎉

  • @Viva-la-de-hs4ub
    @Viva-la-de-hs4ub 6 місяців тому +8

    ABSOLUTELY BRILLIANT VIDEO THINKSCHOOL 💙, I had been thinking and worrying about this sorry state of affairs since Congress won its elections in Karnataka using Free good policy . And now they plan to do it throughout the whole country 💔
    India which is supposed to be the New Economic Power , might crumble before it even takes off . Please Vote Carefully everyone 🙏
    Modi for prosperity

    • @mostlymi9963
      @mostlymi9963 6 місяців тому

      Thats quite a brainwashed comment. BJP is doing the same in election states. Modi has sent indias external debt spiralling to 3x, inflation is double digit and unemployment has led to decline in peoples income. 60% of indians are below poverty line and we are blowing up money on G20s purely politics. So go vote for whoevers noise appeals to you, but dont delude yourself that Modi is a economic wizard. Quite the opposite.

    • @SharadinduD
      @SharadinduD 6 місяців тому +2

      INDI Alliance means Economy down once again.

    • @Viva-la-de-hs4ub
      @Viva-la-de-hs4ub 6 місяців тому +2

      @@SharadinduD very true , I'll probably exit half of my portfolio before the next elections

  • @kalpkabravlogs
    @kalpkabravlogs 6 місяців тому +9

    00:03 Turkey's economic crisis provides important lessons for India and other countries.
    02:59 Turkey's economy experienced significant growth despite underlying problems.
    05:08 Turkiye's economic crisis was caused by increasing current account deficit and depreciating currency.
    07:22 Turkey responded to the economic crisis in a unique way
    09:35 RBI increased repo rate, controlling inflation in India.
    11:41 President Erdogan's decision to decrease interest rates to please the people led to economic disaster
    13:53 Lessons from Turkiye's economic crisis for India
    15:58 India should not solely rely on GDP as an economic metric
    17:55 India should learn from Turkey's economic crisis

  • @GirirajAR
    @GirirajAR 6 місяців тому

    Very valuable content.. thanks Think school ❤

  • @dhanushr247
    @dhanushr247 6 місяців тому +1

    For me I watch your video to learn about business only but you talk about all the economics I really want to say thankyou

  • @g.cchaudhary22
    @g.cchaudhary22 6 місяців тому +51

    Meanwhile Erdogan is busy pretending Khalifa of Muslim World 😂😂

    • @sayedhussain9000
      @sayedhussain9000 6 місяців тому

      He isn't

    • @darkspyder5838
      @darkspyder5838 6 місяців тому +7

      That's his dream to replace Saudi and became khalifa

    • @mostlymi9963
      @mostlymi9963 6 місяців тому +1

      If you have nothing intelligent to say, go elsewhere.

    • @Anurag_gupta011
      @Anurag_gupta011 6 місяців тому

      ​@@mostlymi9963He's spitting faxx... I know it burned your A- S- S 😂😂

    • @jati3149
      @jati3149 6 місяців тому +1

      Mia Khalifa?

  • @pulokpaul5576
    @pulokpaul5576 6 місяців тому +3

    Freebies master mind is jaylalita and there strongly follow west bengal, delhi, punjab, kerala, chattirsgarh.

  • @sivakumarthiru4158
    @sivakumarthiru4158 6 місяців тому

    Just as always, you are Brilliant my friend... wish all Eco Students listen to your talks and get clarity on the subject... 🎉

  • @gopalchavadi4322
    @gopalchavadi4322 6 місяців тому

    Great one, as always!!

  • @trytobesmart
    @trytobesmart 6 місяців тому +6

    Whoever does poor financial management, engages in religious politics, and promotes hatred against minorities, this will be the result. Lastly, we need to stop providing freebies not only for the common man but also for corporates. Nearly 25 lakh crore waivers have been given to billionaires.

  • @user-hp8hs5ur8s
    @user-hp8hs5ur8s 6 місяців тому +212

    Crazy how the market works and opportunities arise. I'll be honest, I rarely have time to keep up with all these shifts in the market. Luckily, I've always had someone guiding me through these tumultuous times. Believe it or not, with her guidance, I've been able to net a consistent 60% profit just over the last 6 months. I know there'll be skeptics saying I'm bluffing, but hey, numbers don't lie.

    • @geraldvolkovfoley3479
      @geraldvolkovfoley3479 6 місяців тому

      Totally get what you're saying, Jenny. It's really hard to keep up with every single market trend and opportunity. And 60% in 6 months? That's impressive! Definitely sounds like you have someone great advising you.

    • @GraceIzzi
      @GraceIzzi 6 місяців тому

      Jenny, I've got to ask, who's this expert you're talking about? My investments have been moving at a snail's pace lately and I could really use some advice from someone who knows what they're doing.

    • @user-hp8hs5ur8s
      @user-hp8hs5ur8s 6 місяців тому +2

      @@GraceIzzi Linda Renae Allman

    • @user-hp8hs5ur8s
      @user-hp8hs5ur8s 6 місяців тому +2

      If you're seriously considering seeking guidance, I'd recommend looking up Linda Renae Allman online. I owe a lot of my success to her expert advice. She's incredibly proficient, and you'll find tons of testimonials that vouch for her credibility and expertise.

    • @carolinekellysarin3282
      @carolinekellysarin3282 6 місяців тому +1

      Just did a quick search on Linda Renae Allman. She seems to have some solid credentials and great reviews. Thanks for the recommendation, Jenny. It's essential to have someone trustworthy in such turbulent times.

  • @sowdeshramadoss5662
    @sowdeshramadoss5662 6 місяців тому

    @ThinkSchool Thank you for constantly providing great content

  • @kanishtekwani1062
    @kanishtekwani1062 6 місяців тому

    Wonderful way concepts presented 👏👏

  • @parth_pm16
    @parth_pm16 6 місяців тому +3

    This great video shows how interest rates can affect the economy of a country after considering all the important terms of economics and the timing of changing interest rates is also important.

  • @frugaleconomist99999
    @frugaleconomist99999 6 місяців тому +17

    One of the best case study on economics I would say. The GDP growth of India is achieved mainly due to inflation rather real growth. It is similar to company growing profits from increase of price rather volumes😂

    • @himanshupathak1310
      @himanshupathak1310 6 місяців тому +1

      But, if you compare the inflation rates from 2014 to 2023 and 2004 to 2014, you can see that the current govt has efficiently managed the inflation better than the past govt. Also, point to note is that, even after the Corona period, our economy didn't suffer much loss.

  • @unmeshbhatt6569
    @unmeshbhatt6569 6 місяців тому

    Excellent video and handling of complexity

  • @moloyadhikary7836
    @moloyadhikary7836 6 місяців тому

    Very Well Explained. Thank You

  • @manomano2524
    @manomano2524 6 місяців тому +8

    Freebies making us(tamilnadu) into more graveness, as the govt don't have enough money they're not spending for infrastructure and development. In tamilnadu even lower middle class people don't want to send their children to govt school, bcoz they are not spending more money on govt school. Recently started to give 1000rs to selective people and increased liquor revenue to compensate. These people's pleasing policy destroying us.

  • @darnaram
    @darnaram 6 місяців тому +9

    Increasing interest rates actually doesn't decrease the price of a lot of products, instead the prices of products are increased, employees are fired and companies score record profits. It is only the common person that can't buy the products. For a lot of businesses they still can book record profits.

  • @mimansakrishna8045
    @mimansakrishna8045 6 місяців тому

    Highly empressed by your content ......🎉🎉🎉🎉

  • @musharafshahbukhari2567
    @musharafshahbukhari2567 6 місяців тому

    Great …thanks young guy. Keep it up

  • @ujjawalpandey5013
    @ujjawalpandey5013 6 місяців тому +7

    let me give u an idea recently in stock market a very influential person commented if this party wins market will correct by 12-15 % make a video explaining that ​tell us how a party pollicies affect stock markets and how do they differe from each party ​i am not taking any names here
    ​how is my idea?

  • @arijitroy3539
    @arijitroy3539 6 місяців тому +10

    "Politics should never ever triumph over economy, if it does that nation is bound to go bankrupt"

  • @mangiparamesh1336
    @mangiparamesh1336 6 місяців тому

    Thank you, bro
    Have sent a good information

  • @srimoorthy
    @srimoorthy 6 місяців тому

    Very nice info thanks and very well explained

  • @kewalbajaj837
    @kewalbajaj837 6 місяців тому +4

    Amazing ! Turkey prints more money goes into economic catastrophe and there is US which is immune to it. This inequitable balance of economic power and control shall come to more just distribution in coming times.

    • @souvicknath5716
      @souvicknath5716 6 місяців тому

      That's why hagemony of us dollar should come to an end. Otherwise the economy of world will not progress.

    • @sreenathgopinathan4002
      @sreenathgopinathan4002 6 місяців тому

      @@souvicknath5716To end the so-called hegemony of the greenback, there should be world war 3 and somebody (perhaps people’s republic of China 🇨🇳) should defeat Uncle Sam. It’s highly unlikely since People’s republic of China is an ageing country and due to various reasons, PLA seems to be uninterested in fighting USA 🇺🇸 and establishing its own military hegemony.
      At present , Chinese yuan(its also called Renminbi😂) is a soft currency, too soft compared to the US Dollar which is an effective weapon of the 🇺🇸

  • @TheIndraprastha8
    @TheIndraprastha8 6 місяців тому +3

    Tax bharne ka man nahi karta India me bhi taxation bahoot complicated kar diya hain. Upar se freebies. 🙏

  • @husnanasser
    @husnanasser 6 місяців тому

    Very informative and I like that he speaks fast 👍🏻

  • @tokitomuimui
    @tokitomuimui 6 місяців тому +10

    Indian 🇮🇳 economy is mixed economy and it is very fastly grow indian economy ❤😊

  • @helinabrooks7461
    @helinabrooks7461 6 місяців тому +3

    Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.

  • @shaikhasif3853
    @shaikhasif3853 6 місяців тому

    Thank you for the explanation.

  • @SanjayAnand1UP
    @SanjayAnand1UP 6 місяців тому

    Thanks much .. I hope this video becomes eye opener to en masses of india

  • @Sunil13593
    @Sunil13593 6 місяців тому +9

    So pakistanis are correct.. turkey is their brother😂

    • @Merchand737
      @Merchand737 6 місяців тому +4

      They’re doing same mistakes for many years

  • @junaiddmalikk
    @junaiddmalikk 6 місяців тому +4

    Politicians should be trained for administration.

    • @dineshkesarpu37
      @dineshkesarpu37 6 місяців тому +1

      There should be an entrance exam to begin with

    • @junaiddmalikk
      @junaiddmalikk 6 місяців тому

      That's against the spirit of democracy

    • @dineshkesarpu37
      @dineshkesarpu37 6 місяців тому

      Lol

    • @dineshkesarpu37
      @dineshkesarpu37 6 місяців тому

      If you don't understand economy, how will u vote for Budget

    • @junaiddmalikk
      @junaiddmalikk 6 місяців тому

      Do you think all ministers are well educated about their role

  • @locacharliewong
    @locacharliewong 6 місяців тому

    How come you edit your video so good, but with a plain wall background? Ur presentation deserves more.

  • @draknagar
    @draknagar 2 місяці тому

    Excellent analysis!!

  • @-VAJRA-
    @-VAJRA- 6 місяців тому +7

    Modi recently announced FREE ration for 80 crore people

    • @BSASITHARANJ
      @BSASITHARANJ 6 місяців тому +1

      Ration is only for poor and lower class people 😅

    • @nkr-os9dd
      @nkr-os9dd 6 місяців тому +1

      😂😂 he will talk about freebies if others give the same he will do

    • @-VAJRA-
      @-VAJRA- 6 місяців тому +1

      @@BSASITHARANJDoes that mean 56% of our country is poor? Isn’t the govt responsible for that
      Think school has deliberately dropped this video just after the announcement by our honorable PM in order to defame him
      This guy is anti BJP

    • @dineshkesarpu37
      @dineshkesarpu37 6 місяців тому

      Bhakts, Pappus and Aapturds have ruined our country