Thanks all for your comments. To those who have not understood my $55 tn prediction for India in 2047, in the video, I explain from 19:00 to 25:05 the economics behind the same. Remember that for prediction in US$, what we need is the GDP growth in $, which equals nominal GDP growth in ₹ - depreciation of ₹ vs $. Those who are commenting that the growth to $55 tn is not possible, make sure that you are not confusing nominal GDP growth with real GDP growth. While India's real growth has been 7%+ since 1991 on average, nominal growth has often been in double digits. But $ growth has been lower bcos depreciation of ₹ vs $ has been 3-3.5% p.a. bcos inflation had been >7%. But post 2016, as I explain, this has changed. From 19:00 to 25:05, I've explained first E&Y's prediction of $26 tn and then described why their prediction misses important developments in India's macro-economy.
I am an owner of a textile MSME, Can you advise Indian Road Transport minister Mr Nitin Gadkari to abolish the high toll tax applies on any type of Physical Goods (Row or Finished) to take down the logistics transportation cost to 8% to make India truly a manufacturing superpower. Because the Govt is only Focusing on Domestic & Foreign MNCs but not MSMEs who provides the jobs to the more than 90% of the country. 🤔🙏
Thank you very much for this talk. I learned a lot about our economy. But i would like to ask a question. How much is aversion to reforms and ultra populist measures affect the Indian economy? For example, we are seeing states are going back to old pension schemes, farm reforms are taken back, the agnipath scheme is facing backslash, there is aversion to privatisation and to bring labour reforms, freebies and loan waivers are causing state and central govt debts go higher. Female labour force participation is still lower. The global economy may not grow fast like in the past. Did you consider all these factors in your analysis?
Indian ppl will have the last laugh on all those naysayers 😂 As an investor in India, i can tell many multi millionaires will be made in coming yrs 🤘😁 The demography dividend n the educated workforce will be in high demand going forward so never bet against a rising sun 😎🙏
lol, Olympics have just concluded. Even if large no. of millionaires are produced they will keep migrating to other countries and not staying in India.
If the USD gors kaput it will actually be the Indian ecom6 that's going to suffer a lot because our financialised sector is very much dependant on US dollar.
@@mth469 Regardless of Modi, India will grow! Modi is corrupt. The most corrupt Man humans have seen. Demonetisation was a classic example. Followed by PM care. Not one audit has been done on the PM care fund. How about Using governemtn agencies to collect donations? this is another case of running a government like a mafia! These are mafia men in government
As an Indian American, I say it's possible but I'm not sure about the infrastructure growing sufficiently with so many people. And the culture of littering has to stop for the country to be taken seriously. For people not used to it, it's not pleasant.
Gdp is 55trillion dollar and that's nominal gdp its 220 trillion dollar on Gdp PPP ie. In real terms . That's huge he is saying it will be 5 times the size of America. His predictions are huge
@@sumeetpandey6521 Why would the PPP conversion rate stay the same though? As economies get more developed the nominal to PPP ratio doesn't stay constant. Either way, I agree with you that the Indian economy will be massive
@@CJ-Fortes_Atque_Fidelis Because India in a developing nation with 20% population under poverty ... so it will continue to grow for attest 30 more yr. also India's birth rate is 2.1, so more younger people than older people that will earn and spend more.
India will implode due to the inequality of distribution of wealth, racial politics, caste system which is still very much alive, corruption and too many differing views among the political parties...good luck India!
If you just looked at the statistics you would not say that but here you are. Just one example of Multidimensional poverty in India has dropped to around 11% and will be non existent by 2030. Keep up with the news
Why do people like you say something totally stupid so confidently. India's TFR is below 2.1 now which is replacement level. Also GDP also affects quality of life not just war. That is so obvious to billions of people except you
India has always fought its own wars and won and will continue to do so, but we will not fight someone else war especially USA and Europe to keep subsidising the western standard of living and lining the pockets of the Military Industrial Complex at the cost of the current and future standard of living of Indians.Thats outright idiocy.
Theoretically, India could grow significantly due to readily available energy in Russia and now Saudi Arabia. If India grows while the USA simultaneously shrinks (and it will) then India could in theory pass the USA up
So his numbers are only marginally more optimistic than Goldman Sachs. So when I see the stupid and mean comments below I want to ask is Goldman Sachs nuts too?
The CIA has nothing to do with their thousands of years old caste system. They are not an ambitious culture, besides for the very elite caste like this guy, who typically move to the west.
I don't think CIA can deal with China. Because that's the problem in front of them right now. Good luck to CIA in figuring out the gender of their employees. 😂
Yes, but not if ambient temperatures is above 50 degrees celcius & is the norm in summer 2070 in large swatches of India. It is also subject to water availability. Even if China does not abstract one drop of water in tibet for diversion into the central plains or elsewhere, for how long (as in when will the last big glacial fields vainish in tibet?) & how many acre feet will the glacial meltwater continue to flow into India say post 2050/60? Issue is antropgenic climate change, its impact on current ambient sea levels, fresh water availability, ambient future temp, agricultural output & ocean acidification. That will be the same issues facing not only theo US, China, Mid east, Europe, Austraila, etc. Heat to much off, sea level rise & fresh water availability? 😊
not all of India is 50 Celcius, and not all day. there are seasons. some areas are as cold as minus 40 Celcius. the climate varies with region and time of year.
@@qwerty83484 The IPCC reports claim that tibet will not have any glacial ice by sometime within 2100 in a 3 degree celcius of warming. No glacial ice = no glacial ice melt waters = no water at all. A tibet with effectively no precipation by snow or rain means no capacity to sustain human population of any reasonable size at all. Unless geological fresh water resources is available or discovered. Thus far there no significant know geological water in tibet. It's likely that all the rivers that originate & derived more than 40 or 50% of their water from tibet glacial melt that feeds large parts of India, most Pakistan, lots of SE Asia, all of Bangladesh & part China will be badly compromised. India may break water agreenments with Pakistan & there could be water wars before 2050. So soon yes, assuming that still a China polity in Asia in 2100 & assuming the preditive climate models are more or less accurate. There will be no significant human populations or large military forces in tibet by then as there no free fresh potable water available. China assuming she still an great power in a position where there no freely avajilable fresh water in tibet & facing water stress elsewhere like most of the world, will at best maintain a very nominal minimal military lite presence there. No water means a necesary contraction of both military & political presence from tibet eventually, assuming the predictive direction of the climate models are correct.
@@drmksharma Average waiting time for a court verdict in India is 15 years. A country that can’t give its people justice has no future. Stop living in dreams.
That's a good thing, indeed it gives them chance to work for India and not get worried about food after coming out of poverty. Appreciate the fact. And that's not Charity but a govt. public welfare scheme and every country uses it, even America did it during covid, giving dollars to people. Don't smoke weed and comment.
Krishnamurthy is a smart, intelligent economist. Not suprising given he is a graduate from the prestigious University of Chicago. One of the best Universities for Economics.
India will be on a S-curve, not exponential infinite growth. The current situation is that they only need to remove roadblocks to grow. When all of those roadblocks are removed, growth will be a lot slower.
India may or may not grow at 8-10% pa going forward... but what will certainly help India beat US GDP much faster than the Goldman Sachs prediction is the *"de-dollarisation" factor!* As "de-dollarisation" catches up... the currency exchange rate between US dollar and Indian Rupee will diminish! That process will *leapfrog the Indian GDP to its Purchasing Power Parity levels* which currently stands at *$14.594 trillion* (PPP; 2024) instead of $4.038 trillion (nominal; 2024). Once you apply the 7-8% growth rate on this GDP figure and extrapolate... you will find that *India beats US GDP by 2030-35!*
The hubris in the comments section is palpable. I want to remind the naysayers - What goes up comes down. Change is the only constant in this world. India was the largest economy in the world before the British invasion and occupation. Then it crashed to the bottom of the pile under British rule. I won't be surprised if India regains the top position in the future.
This guy reminded me of an Indian friend who claimed that China would not had come up 1st in Maths when the 2012 PISA results were announced, he was in a state of shocked when he was told India left the PISA test when India came out 2nd LAST in the 2009 test!! He must be talking of 55 Trillion RUPEES!
Nothing wrong with low women participation I think. All countries with high women participation in work force eventually faced reducing population and hence lower gdp growth
@@user-lb8bg6kj9m Delhi is whole India? It's less than 0.1% of Indian landmass. I've been going to Delhi during summer time since the 80s and it has always got to 48-49°C. Nothing new for Delhi population. SF, NY and LA will go underwater much before Delhi becomes depopulated due to global warming. So worry about yourself first.
Brain drain is only a problem towards the later years of development. Right now India is educating more people from college than needed. So even if some people go away, it's still fine.
Great interview! He may sound too optimistic and may appear to consider only best case scenarios, but nobody with the knowledge of India at ground level will disagree with his observations. Predictions are predictions, of course!
This is possible if Modi government carry out deep structural reforms and attains 10 percent growth rate, which seems impossible in a democracy and fragile global economy and politics. Indian economy will grows at about average 7 percent. India then will be a 22 trillion USD economy in 1947, a semi developed nation just where China stands today. India will be a second biggest economy by 2075.
It's pretty optimistic and would be good to find out if it comes true or not. We'd either be dead by then or will have long forgotten his numbers even if still alive. I wish he would just do a 3 or 5 year projection instead.
Main thing India has is that it is not leveraged (yet) with paper investments. The people's wealth are mostly in physical assets and cash or near cash savings. The rest of the world is loaded with this stuff (derivaties, stocks, bonds, pension promises... etc). If that all implodes, so does the imaginary wealth.
If all that implodes everything implodes. Who’s going to buy indias goods? They’ll burn through their savings real fast without jobs. Equities and assets are far from imaginary.
Interesting discussion, I am a fan of your program as a student of economics. As a 62 years old Indian economist, and not an MBA, I find it funny how mathematicians, commerce students and MBAs who study more of micro economics take a position of macro Economist in India. I am fighting against it. I became a businessman, hence I avoid teaching economics to orhers. We have some great macro Economist in India who are now directing Modi government. Thank God this person was not allowed to continue as our CEA. We had foreign interference, especially from USA and its Stooges, in our elections to get the joker Rahul Gandhi as a PM. But, we survived! Modi will break the back of back stabbing countries, so called western friends in India. Japan should watch out! They should avoid taking risk with Indian brain. This ex CEA of India didn't know about de-dollarization effect and you didn't understand what Dr Jaishankar, our foreign minister "EAM", said. There will be a hypothetical BRICS currency for exchange rates only. Please follow our macro economists and not such jokers who do MBA and consider themselves as macro economist. You have some distinguished educated macro economists even in West. Please call them if you are unaware of a welfare capitalist macro economists in India. I love your program, hence it is a sincere advice.
It would not happen, real Indian pottential for rapid growth would be mainly exhausted by 15 trillion which too is more than 4 times than now in nominal terms .... The journey from 15-20 trillion would be very slow and perhaps will never happen .... In ppp terms it will just double and the pottential would be exhausted. In per capita gdp terms nominal 10000 would exhaust indias pottential ..... In ppp terms 20000 per capita. .... Yes in ppp terms the growth would be much slower just double of that than today because the inflation would follow higher domestic consumption.... And the rich getting supper rich while poor remaining poor growth model of india indicates that domestic market will not grow that much, and would be dependent on imports a lot specially energy and raw resources ... Indian cities will remain a mess, its transportation networks will remain inefficient, and lack of innovation will continue to plague india, the trade deficit by this time would be high enough that nothing more could be targetted. The gov debt will be reaching its peak sustainable levels. Look when you dont control you population and do not wish to fundamentally change structure and culture of population, boom in banking services, infrastructure, connectivity and education can only lead you so far, but no further...
@@user-qj9vt9pu8q my key assumption is unsustainable size of population for the domestic resource base which means added consumption comes from added imports.
It all comes down to mass skill development and proper urban development. These are two factors that are missing in India and need to be addressed at scale urgently. Land and Labour reforms are also ever present headaches.
@33:09 onwards, perfectly said. I belong to Mr.Subramanian's generation. I'm Rajesh Sundar Subramanian from Tamilnadu, India. I have worked in the USA for 2 years, UK for 4 yrs, Singapore and year and sometimes in Germany and back to India. Believe in me, living in India is no were inferior to the west. In fact we in India have better life than many other countries in the world. I'm presently in Hyderabad and it's a beautiful city to live.
India is a great opportunity BUT the reason they haven't been able to scale anything and still struggle to be a home for anything of substance is the lack of infrastructure for anything. Companies have a huge problem building anything at scale in India because it's such a basket case doing anything concrete infrastructure wise, it has been this way for decades. It is driven by the fact they want to do it all themselves and "align" (for lack of a better word) with anyone to actually improve. This guy is a cheerleader which is great but his view is not a reflection of the reality in the streets or in the country itself, it's a LOT of wishful thinking about the future. India is largely like Nuclear Fusion, its greatness is ALWAYS right around the corner and just a few years out...but it's been like that for decades and decades. I hope they can get it all right and become a great power, i think it would be good for the world but i am suspect that it will happen. There is a reason many Indian's have come to America over the decades.
India's rate of growth is impressive but looking at global gdp with the US at 25, China 17 and rest < 5 Trln. does not make sense if India moves to say 3rd spot atm. 25 yr predictions are long shots with say even a 2 yr prediction risky lol
Do people even understand what "developed country by 2047" means? It means India will take 35-40 years to reach *where China is today* from when Modi started in 2014. Whereas China achieved this in 20 years -- i.e. half the time. China grew 9% a year for 20 years straight. And of course, by 2047 the world will have moved far ahead of where it is today. So India will still be 20 - 25 years behind China. Even in 2047. These are two facts that people need to face. These are not opinions. Now comes the excuse "Oh but China could do it because it's a dictatorship, while India is a democracy". Once again, look at the facts. India grew 8% for 6 years under Manmohan Singh. The Indian Rupee actually got stronger against the dollar for 2 years. Which is outstanding! This proves that even India as a democracy can do it. Even with a coalition Government. So stop making excuses as to why Modi's not able to do it despite having majority. Now we hear the second excuse: "Oh but that Manmohan Singh growth was in a different era" So now your excuse has changed? LOL! OK, even in this era, Minister Gadkari made India #2 in Highways in the world after the US. And Minister Piyush Goyal made India #2 in the world in Solar additions. This proves that *even in this era* India can achieve outstanding success -- IF the right people are in charge. According to many people including the Big Bull Rakesh Jhunjhunwala, India can grow at 11 or 12%. And why not? Those who think India cannot, do not have faith in India. The only question is whether Modi's leadership will enable this, or instead, come in the way of growth as it has in the last 9 years. In the last 9 years the average GDP growth rate was only 5.1%. This is half of the 9 to 12% growth India can achieve. This year the Government claims 8% GDP growth which is an exaggerated figure, because if this figure was true, we would see a roaring Indian economy. Instead we see 10%-30% of even IIT graduates are unemployed! This has not happened even when growth was 5% so for sure something is off. Also, the Indian Govt. has borrowed from heavily from abroad and spends this money and includes this in GDP growth, even though this was not India that made this money. So for such reasons the current number of 8% growth has to be taken with a pinch of salt. The real economy is not growing at 8%. Car sales for example are weak and getting weaker. Unemployment is still very bad, despite some recent improvement. Most everyone is in to the stock market as that's place people are making money, driving up valuations in mid caps and small caps to absurd levels. But not many are making money in business, unless you are where the Govt is spending money (it's favourites are highways, railways, defence and infrastructure). Overall, India's not growing at 8% - 9% a year straight since 2014 is sad and pathetic -- as the country has done this in the past, can do this, and deserves to be at the top. But it can only get there with a proactive leadership. Someone that is focused on the country, not on all politics all day. No matter which party he is from -- the focus has to be country not politics. Otherwise, none of this is going to happen. And don't come up with more excuses to blindly defend your favourite leader, because facts show otherwise. Let's hope Indians wake up and demand 9% progress no matter who is the leader. So far, Indians haven't. Think about India and not about the leader. Leaders come and go. The country remains. Progress is what matters to every citizen.
India the largest economy for last 1700 odd years of the 2000 years and yet after centuries of colonization with in 75 years became the 3 rd largest economy,so i won't be surprised it will definitely beat American economy which is just running on borrowed time and debt , just doing ai gimmicks won't save it this time 😂
We fail to realize that when you input time into your equation, it is believed that one has enough time in their favor. THIS IS A FALSE TRAIN of THINKING. US GDP happens to be a decade and a half behind global economic stability. Yes stability and not growth. In growth we are even further behind. There are markets here in the US that can be capitalized upon to boost our economic deficiencies.
First, become a 5 trillion dollar economy before thinking about 55. India’s per capita GDP is under $3000 while USA’s per capita GDP is more than $77000. India is still a poor country.
Indian economy may be 100 trillion but per capita income is 100 rupees about 70% people. Indian economy is completely chronic capitalism . U don't know, really, grassroots situation....
This is rubbish. I am not being racist but have you ever done business in India? Also India speaking English had a greater chance to power their economy alongside China in the same historical time period and "they could not do it". They don't and never will have a centralised government to organise this. India is and always will be just India.
I know lots of business people that fail in India, China, Indonesia, Vietnam, etc....try to be smarter and understand the local market better. Many foreign companies have succeeded well in India. The data is not your friend. Indian macro-economic data is clear. If you don't understand the history of geoeconomics and why various countries progress economically at various times due to a variety of factors, I can see how your non-empirical data gives you the opinion you have.
This person is a macro-economist and finance guy, who knows nothing about manufacturing. He just gives all the reports, numbers and conclusions nobody even understand. I guess he is a consultant to the government so he needs to sign high praise. Just doesn't sound very logical or concrete.
Well, India manufacturing has risen to 5th place currently globally in output terms, after China, US Germany Japan. It's just that our growth is driven by domestic consumption, domestic investment, domestic manufacturing, domestic capital thus far, so the rest of the world truly understands little about the India story.
@@madhukarmurthi9064lmao you talk like india can project all those outside of india. India will going to stay as internal economy country and not internal+external economy. The difference between indian and Chinese is that Chinese like to save more of their money. That's why they spent less in their domestic market. Their pay is higher than indian. But still Chinese spent about $7 trillion in consumption (at 40% of GDP) compared to indian at $ 1.5 trillion(50%++ of GDP). Percentage wise it looks better than China but value wise it will gonna be longer for india to have their people to consume $7 trillion worth of goods and services. India for how loud their current fdi and manufacturing investment still lags far behind China and developed countries in manufacturing and high value added return. Indian companies are inefficient, backwards, uncompetitive and burden by cronyism. Stop dreaming of achieving $55 trillion GDP in 2047 from all the insufficiencies. Many people know very well about the state of indian economy. India isn't going to display any different growth model that the world never seen. You think at first you can grow your economy using service based economic model but in the end you finally aware of the importance of manufacturing industry to elevate your economy further. Bcus your service industry is in low level category unlike US. It's so easy to understand your economy. You people aren't alien or anything. It's unfortunate for india that the boat already sail very far.
Speaking without any knowledge is so incredible. The man has worked in the real world unlike most theoretical economists. Two years in ICICI and 3 years in TCS immediately after his IIT. He has worked on the shopfloor and that is why he was able to guide the Indian Economy after Covid and came out with flying colours.
@@Kawaga-uc4qq Working for a Bsnk means that you literally analyse every business that you Finance. At a young age the man has worked the hard yards and been in markets where one is accountable and results are quickly measurable.
During the Manmohan Singh Decade, our GDP grew 2.83 times in dollar terms. While Modi could manage to only double it. Even our GDP per capita and FII as % of our GDP inflow grew faster during Manmohan Singh era.
That's because Manmohan era had insanely high inflation so the nominal gdp increased much faster. Remember nominal gdp growth = real growth + inflation. Also, remember that during that era, the whole world was growing very fast, India was actually going slow relatively. In Modi's era, India has been the fastest growing economy in the world, despite the 3 years of covid crash
@@ym276 He has actually gone nuts after watching the talk and commenting like anything again and again. See the number of comments he has made, Can't digest India's growth
War hawks in US should be told their competition is not with China but India. China 1st. India vs US for 2nd and its likely US will be 3rd in the future.
Maintaining 8% growth for next 25 years is somewhat unlikely. But bro is subtly hinting if democracy takes its course and replace current government, then everything he said is off. Sounds like a partisan economist.
@@Akash-hq3gs communist party isn't in national scene that I know already. My reply was you calling him partisan economist. He's working under bjp....duh. 🙄 ofcourse he favors BJP. But he also said that if communist government come in power in future, it will affect the growth rate leading to 2047. And Yes he favours bjp but largely Neo liberalist policies.
Keep Dreaming Chini because USA killed the Artificial Economic Growth of China and send it in a Comma (Or Limbo)! But Indian Bullet Proof Economy is growing without any western support surviving 5 Major Wars, Terrorism, Internal Disturbance, Political Uncertainty and Global Economic Sanctions with majorly based on Internal Consumption. But China Doesn't have It. 🤔🤣😂😝🙏
@@global-villager Keep fantasising !, China's growth artificial?, and reliant on US largesse?, you've obviously swallowed all the Bs. Despite an all out trade war, failed color revolution in HK and then a clandestine bioweapon attack, the Empire of Lies subsequently coercing its puppet allies against China (of which India is one), it still grew at 5.3%, and its main trajectory, the Global South with corresponding growth. All the economic projections are but a cope for a seriously screwed US capitalist system. And Indias reversion to being a lackey for the Anglosphere will see its ambitions as nothing more than a Bollywood pipedream.
Not surprising for a third world country. Have you visited San Fran, LA, Chicago, Houston? You must be living @Marthas vineyard for not to see any of this.
@@drmksharma: In 2014, manufacturing contributed 15.07% of our GDP; today, it contributes 13.35 %. What has BRILLIANT work MAKE IN INDIA LION been done in the last decade? Dear Brahminvad / Hindutva Hafimed Andh Bhakt.
Indian software programmers and engineers are developing most of the ai economy. Tens of thousands of companies over there and here. It's just being kept quiet . They may better than China .
He is underestimating usa 😂😂 wow he thinks usa will let Ind become worlds sole super power he needs to check the history Soviet union challenge usa and usa dismantled Soviet union and now china challenging usa and everyone knows china will lose at the end but these experts think india will surpass usa easily wow 😂😂
Lol the same pumped up propaganda from different angles shows coordinated propaganda efforts. Not sure how this 55 trillion dollar figure was reached after many other figures were being thrown around.
I wish India and its people every success. 🙏🏻
Thank you ❤❤❤
Success to India and its people. Another member of the "global majority" fulfilling its potential and abilities.
Thanks all for your comments.
To those who have not understood my $55 tn prediction for India in 2047, in the video, I explain from 19:00 to 25:05 the economics behind the same. Remember that for prediction in US$, what we need is the GDP growth in $, which equals nominal GDP growth in ₹ - depreciation of ₹ vs $. Those who are commenting that the growth to $55 tn is not possible, make sure that you are not confusing nominal GDP growth with real GDP growth. While India's real growth has been 7%+ since 1991 on average, nominal growth has often been in double digits. But $ growth has been lower bcos depreciation of ₹ vs $ has been 3-3.5% p.a. bcos inflation had been >7%. But post 2016, as I explain, this has changed. From 19:00 to 25:05, I've explained first E&Y's prediction of $26 tn and then described why their prediction misses important developments in India's macro-economy.
Thanks for clarifying my doubts! 👌🤔🙏
I am an owner of a textile MSME, Can you advise Indian Road Transport minister Mr Nitin Gadkari to abolish the high toll tax applies on any type of Physical Goods (Row or Finished) to take down the logistics transportation cost to 8% to make India truly a manufacturing superpower. Because the Govt is only Focusing on Domestic & Foreign MNCs but not MSMEs who provides the jobs to the more than 90% of the country. 🤔🙏
leave it sir, these pessimistic bigot's dont understand such complicated mathematics.
Thank you very much for this talk. I learned a lot about our economy.
But i would like to ask a question. How much is aversion to reforms and ultra populist measures affect the Indian economy?
For example, we are seeing states are going back to old pension schemes, farm reforms are taken back, the agnipath scheme is facing backslash, there is aversion to privatisation and to bring labour reforms, freebies and loan waivers are causing state and central govt debts go higher. Female labour force participation is still lower.
The global economy may not grow fast like in the past.
Did you consider all these factors in your analysis?
Finally!! Thank you Lin for having a prominent economist from the global South especially from India 🙏
Indian ppl will have the last laugh on all those naysayers 😂
As an investor in India, i can tell many multi millionaires will be made in coming yrs 🤘😁
The demography dividend n the educated workforce will be in high demand going forward so never bet against a rising sun 😎🙏
Only 3% of the Indian engineers are employable.
@@RahulRavindran-yj9hg Yeah ! 3% of Millions 😂
lol, Olympics have just concluded. Even if large no. of millionaires are produced they will keep migrating to other countries and not staying in India.
Gotta give credit to Krishnas Wife.
She must be a great listener with great endurance.
Krishna spoke literally for 40 minutes straight.
typical indian
That or she has good noise canceling headphones 😂
Lol, she might not listen to him or pay attention....
This guy is nuts... When the dollar goes kaput in 10 years time not just India but 20 other countries will have larger GDP than america.😂
If the USD gors kaput it will actually be the Indian ecom6 that's going to suffer a lot because our financialised sector is very much dependant on US dollar.
A good comedy is need for this show.
😂😂😂
They said that 25 years ago too.
...and they have so far
been right.
constant growth since.
@@mth469 Regardless of Modi, India will grow! Modi is corrupt. The most corrupt Man humans have seen. Demonetisation was a classic example. Followed by PM care. Not one audit has been done on the PM care fund. How about Using governemtn agencies to collect donations? this is another case of running a government like a mafia! These are mafia men in government
@@mth469 no, no they haven’t come close to taking over anything.
Lol no
and GDP grew by 10 times in that period. From 400 billion to 4T. At the same pace it would get to 40 T in the next 25 years
As an Indian American, I say it's possible but I'm not sure about the infrastructure growing sufficiently with so many people. And the culture of littering has to stop for the country to be taken seriously. For people not used to it, it's not pleasant.
Overpopulation is a huge problem. They come with their bad culture as well into other states and set up slums. So much corruption as well.
Coconut 🥥
“People not used to it” are not necessary for economic growth right? I mean look at china a decade ago
Gdp is 55trillion dollar and that's nominal gdp its 220 trillion dollar on Gdp PPP ie. In real terms .
That's huge he is saying it will be 5 times the size of America.
His predictions are huge
@@sumeetpandey6521 Why would the PPP conversion rate stay the same though? As economies get more developed the nominal to PPP ratio doesn't stay constant. Either way, I agree with you that the Indian economy will be massive
Spoken as a diaspora Indian
Who would know better
Real growth of 7% he said, whatever he is smoking must be good.
It's growing at that same rate for last 20yr
@@jeevankikahaniya6339 yes but the good professor is using this same rate for his calculation for the next 30-50 years.
@@CJ-Fortes_Atque_Fidelis Because India in a developing nation with 20% population under poverty ... so it will continue to grow for attest 30 more yr.
also India's birth rate is 2.1, so more younger people than older people that will earn and spend more.
@@jeevankikahaniya6339
Poor countries grow fast because they have a lot to accomplish. Stop living in the dreams.
He also mentioned that upto 75% of India's gdp is in informal sector, just formalizing it would lead to rapid growth.
This guy is really into himself.
Or probably knows what he is talking about
India will implode due to the inequality of distribution of wealth, racial politics, caste system which is still very much alive, corruption and too many differing views among the political parties...good luck India!
dumb af comment
People have been saying that since 1947. Yet, here we are.
🤣 India can't even fix their lack of toilets and sewage problems, and they are supposed to become a economic power house! That's hilarious 😂
If you just looked at the statistics you would not say that but here you are. Just one example of Multidimensional poverty in India has dropped to around 11% and will be non existent by 2030. Keep up with the news
@rohanch07 Jai hind
I mean GDP is meaningless unless India wants to fight a war or something when it will have 4 times the population
GDP is closely tied
with a country's overall power
both economic and military.
Why do people like you say something totally stupid so confidently. India's TFR is below 2.1 now which is replacement level. Also GDP also affects quality of life not just war. That is so obvious to billions of people except you
India has always fought its own wars and won and will continue to do so, but we will not fight someone else war especially USA and Europe to keep subsidising the western standard of living and lining the pockets of the Military Industrial Complex at the cost of the current and future standard of living of Indians.Thats outright idiocy.
Theoretically, India could grow significantly due to readily available energy in Russia and now Saudi Arabia. If India grows while the USA simultaneously shrinks (and it will) then India could in theory pass the USA up
So his numbers are only marginally more optimistic than Goldman Sachs. So when I see the stupid and mean comments below I want to ask is Goldman Sachs nuts too?
yes he just estimated a better rupee depreciation rate because of the policy he implemented and people are losing their minds in the comment section.
i think you people vastly underestimate KV and vastly overestimate goldman sachs.
Sorry, not happening 🙏
how do you know.
@@mth469 Lack of infrastucture, Low trust society, a Socialist Democratic Nation, Corrupt politics and rule of law... 🙏
@@mth469JAI HIND!!
NIce, Thanks for the talk
India: I will be top GDP country.
CIA: No you wont : )
The CIA has nothing to do with their thousands of years old caste system.
They are not an ambitious culture, besides for the very elite caste like this guy, who typically move to the west.
'hold my beer' moment
😂 So true.
CIA shifting to india
I don't think CIA can deal with China. Because that's the problem in front of them right now. Good luck to CIA in figuring out the gender of their employees. 😂
"Lots of questions there!" Haha David asks 10 questions at once
Yes, but not if ambient temperatures is above 50 degrees celcius & is the norm in summer 2070 in large swatches of India. It is also subject to water availability. Even if China does not abstract one drop of water in tibet for diversion into the central plains or elsewhere, for how long (as in when will the last big glacial fields vainish in tibet?) & how many acre feet will the glacial meltwater continue to flow into India say post 2050/60? Issue is antropgenic climate change, its impact on current ambient sea levels, fresh water availability, ambient future temp, agricultural output & ocean acidification. That will be the same issues facing not only theo US, China, Mid east, Europe, Austraila, etc. Heat to much off, sea level rise & fresh water availability? 😊
Great Lakes states and provinces for the win.
not all of India is 50 Celcius, and not all day.
there are seasons.
some areas are as cold as minus 40 Celcius.
the climate varies with region and time of year.
tibet wont be with china by that time
@@qwerty83484 The IPCC reports claim that tibet will not have any glacial ice by sometime within 2100 in a 3 degree celcius of warming. No glacial ice = no glacial ice melt waters = no water at all. A tibet with effectively no precipation by snow or rain means no capacity to sustain human population of any reasonable size at all. Unless geological fresh water resources is available or discovered. Thus far there no significant know geological water in tibet. It's likely that all the rivers that originate & derived more than 40 or 50% of their water from tibet glacial melt that feeds large parts of India, most Pakistan, lots of SE Asia, all of Bangladesh & part China will be badly compromised. India may break water agreenments with Pakistan & there could be water wars before 2050. So soon yes, assuming that still a China polity in Asia in 2100 & assuming the preditive climate models are more or less accurate. There will be no significant human populations or large military forces in tibet by then as there no free fresh potable water available. China assuming she still an great power in a position where there no freely avajilable fresh water in tibet & facing water stress elsewhere like most of the world, will at best maintain a very nominal minimal military lite presence there. No water means a necesary contraction of both military & political presence from tibet eventually, assuming the predictive direction of the climate models are correct.
I was laughing so hard I fell out of my chair.
Hope you got hurt
why?
Because he is still living in Western Utopian World 🤣
Dude is high on marijuana
@@drmksharma
Average waiting time for a court verdict in India is 15 years.
A country that can’t give its people justice has no future.
Stop living in dreams.
Today, India has 800 million Indians who are avoiding Starvation by getting a Charity of 5 Kg of Grains per month.
That's a good thing, indeed it gives them chance to work for India and not get worried about food after coming out of poverty. Appreciate the fact. And that's not Charity but a govt. public welfare scheme and every country uses it, even America did it during covid, giving dollars to people. Don't smoke weed and comment.
@@drmksharma: Does 5 kg of grains enable a person to come out of poverty? We are talking about 60 % of the Indian population here.
Good do much growth potential...for 100 yr.
@@pardeeptandonBetter than getting dr@gs and not knowing about their gender.
@rohanch07 jai hind
Indeed, digital infrastructure should be completely a public good.
Quite well articulated!
Krishnamurthy is a smart, intelligent economist.
Not suprising given he is a graduate from the prestigious University of Chicago.
One of the best Universities for Economics.
India will be on a S-curve, not exponential infinite growth. The current situation is that they only need to remove roadblocks to grow. When all of those roadblocks are removed, growth will be a lot slower.
India may or may not grow at 8-10% pa going forward... but what will certainly help India beat US GDP much faster than the Goldman Sachs prediction is the *"de-dollarisation" factor!*
As "de-dollarisation" catches up... the currency exchange rate between US dollar and Indian Rupee will diminish!
That process will *leapfrog the Indian GDP to its Purchasing Power Parity levels* which currently stands at *$14.594 trillion* (PPP; 2024) instead of $4.038 trillion (nominal; 2024).
Once you apply the 7-8% growth rate on this GDP figure and extrapolate... you will find that *India beats US GDP by 2030-35!*
Fantastic video 👌👌👌
Their GDP number is holy cow manure
It's fake for sure. BTW Hindus eat cow manure.
Very arrogant people, 😂😂😂 gdp of rapistt😂😂😂
The hubris in the comments section is palpable. I want to remind the naysayers - What goes up comes down. Change is the only constant in this world. India was the largest economy in the world before the British invasion and occupation. Then it crashed to the bottom of the pile under British rule. I won't be surprised if India regains the top position in the future.
Jai hind
India with 50 trillion economy with current level of poverty will be a nightmare. 😅
This guy reminded me of an Indian friend who claimed that China would not had come up 1st in Maths when the 2012 PISA results were announced, he was in a state of shocked when he was told India left the PISA test when India came out 2nd LAST in the 2009 test!! He must be talking of 55 Trillion RUPEES!
Nothing wrong with low women participation I think. All countries with high women participation in work force eventually faced reducing population and hence lower gdp growth
JAI hind
Biggest BS!
cope
Don’t believe it for a second.
You don't have to buy check america birthrate and india birthraten...
We got all the work force
Do you believe you are the gender that was assigned to you at birth?
No, you don't believe it for a second. 😂
@@rohanch07 don’t talk to your daddy like that
Looking at the current temperatures there, they will probably cook first.
India is a subcontinent, with multiple climate regions. Migration and mitigation will work throughout the world.
Current temperature where? Because I am in India and current temperature near me is 21°C.
Why are Americans proud of their ignorance?
@@rohanch07
I think Delhi was 50 C for 1 day
@@user-lb8bg6kj9m Delhi is whole India? It's less than 0.1% of Indian landmass. I've been going to Delhi during summer time since the 80s and it has always got to 48-49°C. Nothing new for Delhi population.
SF, NY and LA will go underwater much before Delhi becomes depopulated due to global warming. So worry about yourself first.
@@rohanch07yeah my parents are in pune and the temp is 24 deg😂 good observation
Brain drain is only a problem towards the later years of development. Right now India is educating more people from college than needed. So even if some people go away, it's still fine.
Jai hind
From 4 trillion to 55 T in less than 25 years??? impossible. By 2100, very possible.
It's not so much as India surpassing India is progressing steadily but it is also about decline of US which is also happening pretty well. Lol
Great interview! He may sound too optimistic and may appear to consider only best case scenarios, but nobody with the knowledge of India at ground level will disagree with his observations. Predictions are predictions, of course!
The best thought on Indian economy is Dr. Subramanyan
This is possible if Modi government carry out deep structural reforms and attains 10 percent growth rate, which seems impossible in a democracy and fragile global economy and politics. Indian economy will grows at about average 7 percent. India then will be a 22 trillion USD economy in 1947, a semi developed nation just where China stands today. India will be a second biggest economy by 2075.
It's pretty optimistic and would be good to find out if it comes true or not. We'd either be dead by then or will have long forgotten his numbers even if still alive. I wish he would just do a 3 or 5 year projection instead.
Indian like to talk talk no action this guy one of them.😂😂😂😂😂
50 trillion at 2047 is too much lol. Maybe 20 trillion the most.
I really doubt USA is number one anymore
I want what he is smoking
he is Chief economic advisor to India and IMF who are you?
@qwerty83484 self made millionaire in Canada.
@@qwerty83484 he's joker. A guy who says 55 trillion is a joker
Such predictions were made for the Japanese economy in the early eighties.
Japanese did not had a army
Main thing India has
is that it is not leveraged (yet)
with paper investments.
The people's wealth are mostly in physical assets
and cash or near cash savings.
The rest of the world is loaded with this stuff
(derivaties, stocks, bonds, pension promises... etc).
If that all implodes, so does the imaginary wealth.
If all that implodes everything implodes. Who’s going to buy indias goods? They’ll burn through their savings real fast without jobs. Equities and assets are far from imaginary.
Interesting discussion, I am a fan of your program as a student of economics. As a 62 years old Indian economist, and not an MBA, I find it funny how mathematicians, commerce students and MBAs who study more of micro economics take a position of macro Economist in India. I am fighting against it. I became a businessman, hence I avoid teaching economics to orhers. We have some great macro Economist in India who are now directing Modi government. Thank God this person was not allowed to continue as our CEA. We had foreign interference, especially from USA and its Stooges, in our elections to get the joker Rahul Gandhi as a PM. But, we survived! Modi will break the back of back stabbing countries, so called western friends in India. Japan should watch out! They should avoid taking risk with Indian brain. This ex CEA of India didn't know about de-dollarization effect and you didn't understand what Dr Jaishankar, our foreign minister "EAM", said. There will be a hypothetical BRICS currency for exchange rates only. Please follow our macro economists and not such jokers who do MBA and consider themselves as macro economist. You have some distinguished educated macro economists even in West. Please call them if you are unaware of a welfare capitalist macro economists in India. I love your program, hence it is a sincere advice.
It would not happen, real Indian pottential for rapid growth would be mainly exhausted by 15 trillion which too is more than 4 times than now in nominal terms .... The journey from 15-20 trillion would be very slow and perhaps will never happen .... In ppp terms it will just double and the pottential would be exhausted.
In per capita gdp terms nominal 10000 would exhaust indias pottential ..... In ppp terms 20000 per capita. ....
Yes in ppp terms the growth would be much slower just double of that than today because the inflation would follow higher domestic consumption.... And the rich getting supper rich while poor remaining poor growth model of india indicates that domestic market will not grow that much, and would be dependent on imports a lot specially energy and raw resources ...
Indian cities will remain a mess, its transportation networks will remain inefficient, and lack of innovation will continue to plague india, the trade deficit by this time would be high enough that nothing more could be targetted. The gov debt will be reaching its peak sustainable levels. Look when you dont control you population and do not wish to fundamentally change structure and culture of population, boom in banking services, infrastructure, connectivity and education can only lead you so far, but no further...
Your key assumption : Population : It has already been controlled
@@user-qj9vt9pu8q my key assumption is unsustainable size of population for the domestic resource base which means added consumption comes from added imports.
cant drink the water or eat the food without going to the er...
try eating where normal people eat and not next to sewage
Excellent analysis ❤❤❤
This guy Krishnamurthy is incompetent. Why did you guys give him a platform. Waste of time.
He is advisor to the govt. and IMF. Who are you?
possible but implausible, India does not have hydrocarbons , energy equals economic activity and growth!
it has coal, hydro, some gas
and lots and lots of thorium (nuclear)
also solar
if that proves economically viable down the line.
It all comes down to mass skill development and proper urban development. These are two factors that are missing in India and need to be addressed at scale urgently. Land and Labour reforms are also ever present headaches.
Insightful
India would be a 26 trillion - 28 trillion dollars economy by 2047 not 55 trillion.
@33:09 onwards, perfectly said.
I belong to Mr.Subramanian's generation. I'm Rajesh Sundar Subramanian from Tamilnadu, India.
I have worked in the USA for 2 years, UK for 4 yrs, Singapore and year and sometimes in Germany and back to India.
Believe in me, living in India is no were inferior to the west. In fact we in India have better life than many other countries in the world.
I'm presently in Hyderabad and it's a beautiful city to live.
JAI hind
hopium in the pipe! What you smoking on?😂
He literally gave the data. Also mentioned E&Y's forecast the paramater they missed out on. Just outright denial reeks of jealousy nothing else
India will be 175 crore population in 2047
With inflation of 4to 5% and GDP even with 5% India GDP should be 30 trillion
India is a great opportunity BUT the reason they haven't been able to scale anything and still struggle to be a home for anything of substance is the lack of infrastructure for anything. Companies have a huge problem building anything at scale in India because it's such a basket case doing anything concrete infrastructure wise, it has been this way for decades. It is driven by the fact they want to do it all themselves and "align" (for lack of a better word) with anyone to actually improve. This guy is a cheerleader which is great but his view is not a reflection of the reality in the streets or in the country itself, it's a LOT of wishful thinking about the future. India is largely like Nuclear Fusion, its greatness is ALWAYS right around the corner and just a few years out...but it's been like that for decades and decades. I hope they can get it all right and become a great power, i think it would be good for the world but i am suspect that it will happen. There is a reason many Indian's have come to America over the decades.
Average 2Tr. per year for the next 23years looks very very optimistic and very stiff. 10-17Tr. looks achievable. 🙏
I believe it we literally turning this place into s…
David just see Indian stock market chart US stock analyst will stop calling bubbles in US market.
India ,the ground reality is it's peace ful to leave a descent life... no anti capital protests...
Currently most manipulated stock market in the world where derivatives trading is 400% of underlying cash,where dumb money is chasing heavily.
India's rate of growth is impressive but looking at global gdp with the US at 25, China 17 and rest < 5 Trln. does not make sense if India moves to say 3rd spot atm. 25 yr predictions are long shots with say even a 2 yr prediction risky lol
Do people even understand what "developed country by 2047" means? It means India will take 35-40 years to reach *where China is today* from when Modi started in 2014. Whereas China achieved this in 20 years -- i.e. half the time. China grew 9% a year for 20 years straight. And of course, by 2047 the world will have moved far ahead of where it is today. So India will still be 20 - 25 years behind China. Even in 2047. These are two facts that people need to face. These are not opinions.
Now comes the excuse "Oh but China could do it because it's a dictatorship, while India is a democracy". Once again, look at the facts. India grew 8% for 6 years under Manmohan Singh. The Indian Rupee actually got stronger against the dollar for 2 years. Which is outstanding! This proves that even India as a democracy can do it. Even with a coalition Government. So stop making excuses as to why Modi's not able to do it despite having majority.
Now we hear the second excuse: "Oh but that Manmohan Singh growth was in a different era" So now your excuse has changed? LOL! OK, even in this era, Minister Gadkari made India #2 in Highways in the world after the US. And Minister Piyush Goyal made India #2 in the world in Solar additions. This proves that *even in this era* India can achieve outstanding success -- IF the right people are in charge.
According to many people including the Big Bull Rakesh Jhunjhunwala, India can grow at 11 or 12%. And why not? Those who think India cannot, do not have faith in India.
The only question is whether Modi's leadership will enable this, or instead, come in the way of growth as it has in the last 9 years. In the last 9 years the average GDP growth rate was only 5.1%. This is half of the 9 to 12% growth India can achieve.
This year the Government claims 8% GDP growth which is an exaggerated figure, because if this figure was true, we would see a roaring Indian economy. Instead we see 10%-30% of even IIT graduates are unemployed! This has not happened even when growth was 5% so for sure something is off. Also, the Indian Govt. has borrowed from heavily from abroad and spends this money and includes this in GDP growth, even though this was not India that made this money. So for such reasons the current number of 8% growth has to be taken with a pinch of salt. The real economy is not growing at 8%. Car sales for example are weak and getting weaker. Unemployment is still very bad, despite some recent improvement. Most everyone is in to the stock market as that's place people are making money, driving up valuations in mid caps and small caps to absurd levels. But not many are making money in business, unless you are where the Govt is spending money (it's favourites are highways, railways, defence and infrastructure).
Overall, India's not growing at 8% - 9% a year straight since 2014 is sad and pathetic -- as the country has done this in the past, can do this, and deserves to be at the top. But it can only get there with a proactive leadership. Someone that is focused on the country, not on all politics all day. No matter which party he is from -- the focus has to be country not politics. Otherwise, none of this is going to happen. And don't come up with more excuses to blindly defend your favourite leader, because facts show otherwise. Let's hope Indians wake up and demand 9% progress no matter who is the leader. So far, Indians haven't. Think about India and not about the leader. Leaders come and go. The country remains. Progress is what matters to every citizen.
India the largest economy for last 1700 odd years of the 2000 years and yet after centuries of colonization with in 75 years became the 3 rd largest economy,so i won't be surprised it will definitely beat American economy which is just running on borrowed time and debt , just doing ai gimmicks won't save it this time 😂
We fail to realize that when you input time into your equation, it is believed that one has enough time in their favor. THIS IS A FALSE TRAIN of THINKING.
US GDP happens to be a decade and a half behind global economic stability. Yes stability and not growth. In growth we are even further behind. There are markets here in the US that can be capitalized upon to boost our economic deficiencies.
Amazing talks. Now they need Aladin's lamp to make it happen.
You invest in Germany and UK, bro, I will count on Aladin's lamp.
First, become a 5 trillion dollar economy before thinking about 55. India’s per capita GDP is under $3000 while USA’s per capita GDP is more than $77000. India is still a poor country.
Indian economy may be 100 trillion but per capita income is 100 rupees about 70% people. Indian economy is completely chronic capitalism . U don't know, really, grassroots situation....
Certainly, India will have a 55 trillion RUPEE economy!
This is rubbish. I am not being racist but have you ever done business in India?
Also India speaking English had a greater chance to power their economy alongside China in the same historical time period and "they could not do it". They don't and never will have a centralised government to organise this. India is and always will be just India.
I know lots of business people that fail in India, China, Indonesia, Vietnam, etc....try to be smarter and understand the local market better. Many foreign companies have succeeded well in India. The data is not your friend. Indian macro-economic data is clear. If you don't understand the history of geoeconomics and why various countries progress economically at various times due to a variety of factors, I can see how your non-empirical data gives you the opinion you have.
This person is a macro-economist and finance guy, who knows nothing about manufacturing. He just gives all the reports, numbers and conclusions nobody even understand. I guess he is a consultant to the government so he needs to sign high praise. Just doesn't sound very logical or concrete.
Well, India manufacturing has risen to 5th place currently globally in output terms, after China, US Germany Japan. It's just that our growth is driven by domestic consumption, domestic investment, domestic manufacturing, domestic capital thus far, so the rest of the world truly understands little about the India story.
@@madhukarmurthi9064lmao you talk like india can project all those outside of india. India will going to stay as internal economy country and not internal+external economy. The difference between indian and Chinese is that Chinese like to save more of their money. That's why they spent less in their domestic market. Their pay is higher than indian. But still Chinese spent about $7 trillion in consumption (at 40% of GDP) compared to indian at $ 1.5 trillion(50%++ of GDP). Percentage wise it looks better than China but value wise it will gonna be longer for india to have their people to consume $7 trillion worth of goods and services. India for how loud their current fdi and manufacturing investment still lags far behind China and developed countries in manufacturing and high value added return. Indian companies are inefficient, backwards, uncompetitive and burden by cronyism. Stop dreaming of achieving $55 trillion GDP in 2047 from all the insufficiencies. Many people know very well about the state of indian economy. India isn't going to display any different growth model that the world never seen. You think at first you can grow your economy using service based economic model but in the end you finally aware of the importance of manufacturing industry to elevate your economy further. Bcus your service industry is in low level category unlike US. It's so easy to understand your economy. You people aren't alien or anything. It's unfortunate for india that the boat already sail very far.
Speaking without any knowledge is so incredible. The man has worked in the real world unlike most theoretical economists. Two years in ICICI and 3 years in TCS immediately after his IIT. He has worked on the shopfloor and that is why he was able to guide the Indian Economy after Covid and came out with flying colours.
@@dodiraj1 and then it's true that he knew nothing about manufacturing bcus he never worked or managed one.
@@Kawaga-uc4qq Working for a Bsnk means that you literally analyse every business that you Finance. At a young age the man has worked the hard yards and been in markets where one is accountable and results are quickly measurable.
During the Manmohan Singh Decade, our GDP grew 2.83 times in dollar terms. While Modi could manage to only double it. Even our GDP per capita and FII as % of our GDP inflow grew faster during Manmohan Singh era.
That's because Manmohan era had insanely high inflation so the nominal gdp increased much faster. Remember nominal gdp growth = real growth + inflation. Also, remember that during that era, the whole world was growing very fast, India was actually going slow relatively. In Modi's era, India has been the fastest growing economy in the world, despite the 3 years of covid crash
@@ym276 He has actually gone nuts after watching the talk and commenting like anything again and again. See the number of comments he has made, Can't digest India's growth
War hawks in US should be told their competition is not with China but India. China 1st. India vs US for 2nd and its likely US will be 3rd in the future.
I enjoyed your guest today. He is very knowledgeable and argues a strong case
Brilliant guy, disappointed he left the govt and moved back to private
He's a fascist
That’s the money move. Make government connections, then go private and use those connections to make stacks
@@CurieBohr
the very reason not to have more govt.
ends up being a cesspool of what is really corruption.
Did not realize IMF was private sector.
50 years from now We will not have a World left!
Laughable
Maintaining 8% growth for next 25 years is somewhat unlikely. But bro is subtly hinting if democracy takes its course and replace current government, then everything he said is off. Sounds like a partisan economist.
Unlikely why we are a developing...more people for more demand for more work more spendinh more growth
He said Neo liberaist government should be in power for economic stability. If communist comes in power, forget about 2 percent growth too...
@@cinefile0075 India doesnt have a communist party in national politics today.. in fact I wish India had a neo-liberal front. It doesn’t have one.
@@Akash-hq3gs communist party isn't in national scene that I know already. My reply was you calling him partisan economist. He's working under bjp....duh. 🙄 ofcourse he favors BJP. But he also said that if communist government come in power in future, it will affect the growth rate leading to 2047. And Yes he favours bjp but largely Neo liberalist policies.
No way the US will allow India to overtake it as No. 2. Nor will China favour a hostile India to be its No. 2!
Keep Dreaming Chini because USA killed the Artificial Economic Growth of China and send it in a Comma (Or Limbo)! But Indian Bullet Proof Economy is growing without any western support surviving 5 Major Wars, Terrorism, Internal Disturbance, Political Uncertainty and Global Economic Sanctions with majorly based on Internal Consumption. But China Doesn't have It. 🤔🤣😂😝🙏
@@global-villager Keep fantasising !, China's growth artificial?, and reliant on US largesse?, you've obviously swallowed all the Bs. Despite an all out trade war, failed color revolution in HK and then a clandestine bioweapon attack, the Empire of Lies subsequently coercing its puppet allies against China (of which India is one), it still grew at 5.3%, and its main trajectory, the Global South with corresponding growth. All the economic projections are but a cope for a seriously screwed US capitalist system. And Indias reversion to being a lackey for the Anglosphere will see its ambitions as nothing more than a Bollywood pipedream.
India with brics is a win win
so you mean Canada actually, WEST India
Khalistan zindabad
In India they still take dumps in the streets. 😂
Not surprising for a third world country. Have you visited San Fran, LA, Chicago, Houston? You must be living @Marthas vineyard for not to see any of this.
no they dont
Hes a shill, down vote
Are these guys talking Abt NEET exam???
phele ya dekho ki 5 trillion kab bane ge i wish till 2030 is more then enough
100 trillion happen
The Make in India Loin is today found eating grass in Lodi Gardens New Delhi.
and you are the grasshoper
@@drmksharma: I have stated that you can see the Loin eating Grass in Lodi Gardens.
@@drmksharma: In 2014, manufacturing contributed 15.07% of our GDP; today, it contributes 13.35 %. What has BRILLIANT work MAKE IN INDIA LION been done in the last decade? Dear Brahminvad / Hindutva Hafimed Andh Bhakt.
Indian software programmers and engineers are developing most of the ai economy. Tens of thousands of companies over there and here. It's just being kept quiet . They may better than China .
It's an absurd projection defying Mathematics.
He is underestimating usa 😂😂 wow he thinks usa will let Ind become worlds sole super power he needs to check the history Soviet union challenge usa and usa dismantled Soviet union and now china challenging usa and everyone knows china will lose at the end but these experts think india will surpass usa easily wow 😂😂
Before usa there British...the Elite dump British for usa now they will dump usa for india.
And Never and Ever....... I bet
Lol the same pumped up propaganda from different angles shows coordinated propaganda efforts. Not sure how this 55 trillion dollar figure was reached after many other figures were being thrown around.
Stop sending jobs there
Sending? LMAO 🤣
White people don't even know what gender they are.
Insecure can't, your economy was built on the loot of other countries