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Yes no one wants to work where taxes and tax terrisom is there and nothing in return Everyone see Reservation Taxes No government when comes to return on income taxes zero return We get reservation in jobs and education Waqf board will come and take your home any day so why to buy property in India. Taxes and cess everywhere. Everyone who earns leaves HNI leaves Brain drain Useless country to pay taxes
Ok is it or your wife looks similar to you . I have heard that this happens when 2 souls like each other from inside. Seriously just seeing this made a good day 😊. Radha Radha ❤️ Now I will watch video.....😊byeee❤
We are never becoming rich like Singapore. A tiny nation’s model cannot be replicated for a mammoth of a country like India. Parts of our country can become rich like Singapore.
Sure. But then China? China has had more population than India till last year and even they have a higher GDP per capita than India. They are more financially decentralized and have much more growth oriented policies. It is something India should try to emulate. India mostly has redistributive policies.
@@PremSuraj What do you mean by "financially decentralized", China is an one party unitary state with ccp setting the budget for the whole country, only it has the taxation powers in all of the country, unlike India with state governments also spending money and can also levy some limited taxes although that has changed with introduction of gst.
Singapore and Israel are small countries whose Govts can focus more on their fields, but India is too big, i believe each state of India is like an European country, for example Kerala cant focus on manufacturing but focusses on tourism, healthcare and education; Tamil Nadu focuses on manufacturing. Each state of India has its own strength and each of them need to identify themselves. We are so big that all 29 states wont think the same way or can they work in a particular direction prescribed by New Delhi like China works. If each state discovers and realise their own potentials, we will not just beat China but the entire western world including EU and USA.
New delhi built ports, cut down logistic costs and built infrastructure strategically so that every state could work in tandem. New delhi has more resource economically and information wise as compare to state. You better pick a sector and look at policy decisions made by central government instead of assuming xyz
The big difference between India and countries like China, Japan, South Korea, Singapore - the people and culture here, they are hard working, more disciplined, finance oriented, less religious and racial or cast conscious. So the people must change first, this is unlikely to happen in India in the near future. Forget about India becoming an economic power. It can and is a storehouse of religion and the world will look up to India in this category.
@@ozzozz3529nahi vrooo Mauryan empire toh kabhi tha hi nahi vrooo India toh British ke pehle United tha hi nahi vrooo Sardar Vallabhbhai Patel toh kabhi paida hi nahi hue vrooo 😂😂😂
Wealth could be only made by you and the distribution could be changed by the common man only the future is not the past so invest for yourself if you want to change the wealth distribution for you otherwise you will keep blaming it rather than bringing any changes
@@satyam-evajayate438in past people had limited ways to die & socide...now u can die & do socide in trillion ways 😂...hope these words put brakes on ur ruthless optimism... and now coming to ur stock market bullshit, i dont believe in simple extrapolations u pimps do, population is stagnating, innovation is stagnating, earth is drained out, resource crunch is real, resource wastage is real, market size is stagnating (except luxury segment) market share is under divide due to more players coming in while population, resources for backing & opportunities r stagnating/confining its just a game of luck & fraud, because ground realities r worsening day by day...& india like failing nations hav countless serious issues that restrict our capabilities to address future disasters & disruptions....in all fields of life....
indian businesses & govt r using stock market & banking systems to suck out money from public & throw it to capitalists for funding their instagram obsession.... i also know about the tactics of sacrificing future for rosy present, future is far away so people will believe all lies & fallacies about it & when time will arrive 2 things will happen (thats sure, thats natural)... * changing of problem statement, responsible ones r already dead or escaped somewhere so no fixing of responsibility, cat & mouse game of judicial contraption, hiding behind excuses of uncertainties/unpredictabilities/risk factors.. * people fked up so much that their focus get shifted to other things & immediate risks, past events k cases me kya hua ? na pension mili na job mili na pollution or corruption kam hua na cities ka infra improve hua kuch nhi hua lekin public ko koi matlab nhi hai na kuch badla na kuch badlega, jisko milgaya wo daaru p k motivation ka jaal fek k or logon ko chutiya banayga, jo lutt gaya wo life k naye sardardon me ulajh k sab bhool jayga
The only UA-cam channel where me and my spouse watch without fail on time. Especially the episodes of Akshat and Ayushi where they connect intellectually. ❤ Kudos for bringing variety of topics to discuss👍
Congratulations, my wife watches that I am watching this channel and then leaves me alone. 😂😂 My 7 year old son wonders what is my father getting out of this video. He stays but is clueless.😂
We can emulate Korea (per capita income 33500, though population is only 5 crores) or China (per capita income 14500 same population as us) which are large countries. Singapore with per capita income of 82500 (more than even USA now) is only possible for small country with population of 55 lakhs or the way Ireland did by becoming tax haven for global corporation headquarters for rest of the world (including Apple) richest country in the world today (population 50 lakhs) next only to Luxemberg (tax haven for decades with population of 6.5 lakhs).
Then vote to AAP party Because AAP party brings education revolution in India They are sending government school 's teachers to abroad for training Nd they are making world class infrastructure government school nd they are bringing happiness class to reduce stress and depression, business blasters to improve ease of doing business in india , deshbhakt class to reduce discrimination on religion, caste etc They are providing best quality education to all backward poor children like begaars students If you think I am doing joke Then go to Delhi and see yourself You will get to know
income growth without education is impossible.. investing in the future generations shud have been #1 priority.. now that ship has sailed pretty much with only 2 more decades left on the youth bulge dividend.. but rn they are mostly unemployed
“India's current medical inflation rate is 14% - the highest amongst Asian countries in 2021. In 2023, a further 10% rise is foreseen. With healthcare prices shooting up and purchasing power dipping, this hike directly affects the insurance industry - leading to increased insurance premiums,"
India ' s economy is improving but in terms of human development index, happiness index and many index India is far behind and GDP per capita income is very low that's why we say that India is growing to become rich country we Indians people are very poor India cannot become developed and rich country And we Indians population can't become rich Because of Britishers who looted 45 trillion dollars wealth from India They destroyed and looted everything Before independence India was the richest country and net exporter and trade surplus country And there was very less unemployment and very less poverty rate And around 70 to 80 % indians was rich Due to this , suicide case was very very less And debt free country But when Britishers annexed india It has become reversed everything Poverty and unemployment is very high Due to this, students are doing suicide due to fear India is suffer economy crisis since independence And India now become" gareebo ki chidiya " not " sone ki chidiya" If we want to make india a golden bird again just like conditions before Britishers Then UK MUST return back our 45 trillion dollars wealth to india now Then we can become developed country It is beneficial only if India's money comes back, otherwise no matter how hard you try, India will not move forward or become developed country Ask any economist They are 100 percent sure that india cant become developed country now Whether India goes ahead after 50 years or after 100 years, India will remain poor untill and unless UK return 45 trillion dollars wealth to india And india 's literacy rate is very low Education and health sector in india is very poor it's too late now. India should have got independence 100 years before 1947 means india should got independence around 1847 or may be before so that we can save money and resources but nothing can happen now😐 Please tell me on comment if I am right or wrong ?? And everryone cam give me your opinion as well 😊
@@sarthaksingh6834 Indians studying abroad are doing very well. .... some have made more wealth than the British have. Wealth is our brains and no one can take that. Simple!
@@sarthaksingh6834kon olta he wealth nahi. Pure india me jinta gold he utna kisi country me nahi he. Problem equal distribution ka be. Wealth distribution sahi nahi he.
Couple of more observations: 1. The population of these countries (Singapore, Israel) were low as compared to India. 2. Survival was important, e.g., Israel. Entire families were dedicated to put value to the economy. 3. Mindset of people was major catalyst. A looming threat to nation and extreme poverty, health and hygiene was not tolerated.
@pmsagar yes . Manufacturing units should be allotted to these port cities ,ie less cost in logistics transportation and less manufacturing cost which boost indian economy massively .
Enjoyed watching the duet of a finance person and an economist. As I am hearing more to Akshat for the financial advises, it was pleasant to listen to Ayushi for the economic view point. Thanks to Ayushi to put the point across that we have to move step by step in order to become a developed economy. We have to see that development is not only fast but sustainable as well.
States can individually focus on their competitive advantages and then devise a combined strategy to reach our growth goals. It is extremely difficult to manage a large country like India based on the models of smaller countries like Singapore and Israel. Additionally, we need to give equal respect to people working in different sectors and refrain from passing judgement based on the work a person does, as every small contribution in all sectors is responsible for the collective development of a country. As Indians, we need to help our fellow citizens reach their highest potential.
If there is no wholistic plan there is no hope. India is like a Feudal states, each tribal group is trying to get as much benefit for themsleves as possible, because central government is to be trusted, yet at times, pulling the legs. Just to separate the views from citizen from government, citizens will eventually realised a break up India will be better for its people.
@@merrick6484 anti india wet dreams hahaha. India is doing rather well today, MUCH better than before, in key areas where it really matters like moving away from poverty politics of the left and corrupt congress and starting to do things logically like focusing on infrastructure and business, helping rich businessmen local and foreign rather than on 'poor'. This will actually help lift millions from poverty and give indian people more buying power and skills education and better services eventually.
A really informative video. Our goal is never to be rich, our goals are to be self sufficient. Economics supports the fact that India could have been a middle income economy(13000-22000$ per capita) if farmer laws were implemented as it could have lead us to innovate more in Agritech industry for an agricultural economy like india.
Thanks, Akshat and Mam. Basic Economic terms were clearly explained. Agreed on Innovation and Education. Innovation in Agriculture will immensely help reason India has so much arable land.
Dear Akshat and Madam, I enjoyed your podcast abd regularly watch all your videos, especially of Akshat because mostly he is seen in videos. Though you have discussed smaller countries like Singapore & Israel but their comparison with India is unjustified. Both of you are highly intelligent persons & I need not dwell on the diversity, education,religion, regionalism, etc. But your point of providing jobs to unemployable millions in low end industries is well articulated. Akshat can and will always think from investors point of view but the economy cannot grow if we do not provide jobs to lot of people In industries. God bless both of you
U missed a VERY big point which is international trade agreements.... See the change in Singapore economy after there 2004 FTA with America... Similarly with hong kong and Israel without the USA they won't be here, same story with vietnam who got a US ,UK FTA in early 2000s..... Bangladesh exports has protection from tariffs whereas Indian textile has to go through tariffs in EU ... China exploited Hongkong FTA to register company in hong kong and Export to USA with super low tariffs ... that's why hong kong became a financial hub as all office work of Chinese and American companies is being done there... Whereas we were being punished for being in USSR block after Manmohan Singh 10+ visits and then PM Modi 8+ visit to USA we are now paving the way to exploit capitalism... That to partially still... because the USA won't give FTA now to us... You guys completely ignored geo politics which really decides which country can become rich... And grow faster compared to other countries Pls Do take it as positive criticism only...
One very controversial , yet key issue which is really hard to discuss openly in public forums - The poor are producing more offsprings compared to the rich.... Thereby increasing the wealth disparity even more....
Good point u made here and also provided an ironical solution. Today Indias population can be its biggest asset or liability. Like the "poor" people. For them the number of working hands is an asset whereas for a rich person the number of children will become a liability as they will divide his assets. Aaushi made a valid point that the youth can't be left unemployed. The biggest challenge would be to find a solution for utilising the largest population in the world in a way that everyone gains. What akshat is proposing would finally result in large income disparity and that can lead to not a good situation for a country.
OR we can also say highly educated parents are producing less children than less educated/illiterate parents. If parents like Akshat produce 3 children, it will help the country immensely.
India faces poverty and development disparities. Around 20% of the population lives in poverty, income inequality is high, and basic needs like clean water, healthcare, and education are challenging to access, especially in rural areas. Many work in insecure informal jobs, making them vulnerable. Rural regions lack infrastructure and opportunities, worsening poverty.
Recently, a poor tribal woman from Odisha, who was already struggling with poverty, felt saddened by the birth of her second girl child. Sadly, she decided to sell her eight-month-old daughter to another couple for a very small amount of money, which was only ₹800. This is a deeply unfortunate and heartbreaking situation, highlighting the desperate circumstances faced by some individuals in poverty.
The goal of becoming rich as a country may not matter to some people. What truly matters is ensuring that every single citizen in India, all 100% of the population, has access to their basic needs like food, water, healthcare, and education. This would bring happiness because it means that nobody is left behind and everyone has a fair chance at a good life. Prioritizing the well-being and education of every individual is what truly matters to achieve true happiness for all.
We should also focus more on Agriculture. Reason is if we start importing food from outside, it leads to lot of food crisis and inflation. I agree service sector is required, but we can't miss agriculture. Example is srilanka.
Example is also UK. During WW2 Germany blockaded its waters. No food could come in thru it's colonies. People started starving in britain. Self sufficiency in food production is extremly important.
That's why farm reform laws are important. We are importing lot of pulses and oilseeds from outside. Punjab is wrongly growing rice and Vidarbha is wrongly growing water-guzzling sugarcane. If these crops are shifted to water-rich UP/Bihar/Bengal, and pulses, vegetables and oilseeds are grown instead. In addition, private storage and private buyers are allowed, then all regions will progress. Right now, it's all wrong.
@@rajx7120 you are right but then bring pulses and other cash crops into the ambit of MSP. Also, no one trust private guys like fucer Adani. He will hoard the crops and then sell them at high prices. We need proper businessmen not crony capitalist. Ex of businessmen with high morals being ajim Hasan premiji, Tata, Uday Kotak etc. Bring them in. Public trusts them but no one trusts Adani. So my dear, it's the policies by government and trust in government which motivates people.
India ' s economy is improving but in terms of human development index, happiness index and many index India is far behind and GDP per capita income is very low that's why we say that India is growing to become rich country we Indians people are very poor India cannot become developed and rich country And we Indians population can't become rich Because of Britishers who looted 45 trillion dollars wealth from India They destroyed and looted everything Before independence India was the richest country and net exporter and trade surplus country And there was very less unemployment and very less poverty rate And around 70 to 80 % indians was rich Due to this , suicide case was very very less And debt free country But when Britishers annexed india It has become reversed everything Poverty and unemployment is very high Due to this, students are doing suicide due to fear India is suffer economy crisis since independence And India now become" gareebo ki chidiya " not " sone ki chidiya" If we want to make india a golden bird again just like conditions before Britishers Then UK MUST return back our 45 trillion dollars wealth to india now Then we can become developed country It is beneficial only if India's money comes back, otherwise no matter how hard you try, India will not move forward or become developed country Ask any economist They are 100 percent sure that india cant become developed country now Whether India goes ahead after 50 years or after 100 years, India will remain poor untill and unless UK return 45 trillion dollars wealth to india And india 's literacy rate is very low Education and health sector in india is very poor it's too late now. India should have got independence 100 years before 1947 means india should got independence around 1847 or may be before so that we can save money and resources but nothing can happen now😐 Please tell me on comment if I am right or wrong ?? And everryone cam give me your opinion as well 😊
@@sarthaksingh6834😂😂😂wtf bro. Esi bohot sari countries he jo colonize hone ke bawjud bhi defeloped ho gayi. India ki population bohot gada he is liye gdp per capita bhi jada he. Just go in southern country and see thier infra and development. India bhi in future developed banega. Maharashtra ki gdp per capita sabse gyada he pure india me and it is increasing day by day.
I think manufacturing is as important as service sector to generate employment for billions of Indian. High end manufacturing and service sector will improve with time. We won't be able to generate billions of jobs by focusing only in service sectors.
Farm reform laws are important. We are importing lot of pulses and oilseeds from outside. Punjab is wrongly growing rice and Vidarbha is wrongly growing water-guzzling sugarcane. If these crops are shifted to water-rich UP/Bihar/Bengal, and pulses, vegetables and oilseeds are grown instead. In addition, private storage and private buyers are allowed, then all regions will progress. Right now, it's all wrong.
In the point of manufacturing I mostly agree with ayushi ma'am because the quality of indian labour force is really poor so if we focus on high end manufacturing it will be a nightmare for manufacturing companies so I think we should financially subsidize low end manufacturing and focus on high end manufacturing through education so when the 1st high end manufacturing setup is ready we can get an easy access cheap but skilled labour.
superb Akshat and Ayushi, what an amazing informative video. Im sure a lot of hard work has gone into it and from your videos i can understand your love for the nation and its people. You also got your wife into this though she was reluctant in the begining. God bless you and i wish you all success
dear Akshat we cannot actually compare singapore or israel model...we need to see what kind of population they had to manage while moving towrds being highly developed and also how diverse was the population in their culture thought process etc..India was and always has been a highly pouplated country with immense diversifiaction in all terms..so to manage such a high density of diversed population with a democartic political environment is a huge challenge
Great discussion- low end vs high end / increase per capita income: Akshat you are right. The only way a country, a company or an individual can get rich is by moving up the value chain but for that to happen, education, skill levels and the drive to skill up / innovate and succeed at the individual level and policy changes and commitment from the Government are the need of the hour. god bless you both and your family.
Financing center needs solid base beside well-educated people and well-run government. New York City for US's world domination, London for its historical world domination, Hong Kong for its Gate to China and Singapore for its convenient location. Others are just local center, even for Tokyo.
This channel has an unbiased review of the economy. Unlike most others who won't even dare to point out the real scenario. It is indeed true that India is now the 5th largest economy but the disparity amongst its citizens is beyond comparable. Some are eating luxury meals with a golden spoon while some don't even have one proper meal a day. It is true that everyone can't be rich but the government should see that the basic needs are met, especially those who are living in poverty. If the government wants it can provide free food, shelter, education and jobs for at least one generation so that they can make their next generation better & the cycle goes on... instead of the recent reservation scenario. Then some day every citizen will have a better life & there will be no discrimination too.
Lucidly produced that too from someone who has visibility from the finance ministry. I got to say though - Ayushi - those eyes are so beautiful ! with a intelligent dynamic spark in them.
Hello Akshat, high-end industries will provide more employment giving opportunities to next generations with better education reach and quality. I don't think India can skip this crucial step to eventually get to the innovation based economy.
Perhaps the continuation of this video should be the impact of technologies related to industry 4.0 on manufacturing jobs as many of these will become obsolete and the near future. Congratulations to both of you on this wonderful video based on data and analytics 👍
The government economist's perspective is that a country with a huge population needs to deal with unemployment as a priority, the finance guy's perspective is that you can only get rich by focusing on high growth sectors that generate a lot of value. Both are valid, and in a country as big as India we need to focus on both simultaneously. Generate employment and innovate.
Next topic question should be Why Middle class have to pay more taxes and doesn't get any fruitful thing return just like poor people get 2 .freebies are so dangerous then also why some party gives that
Excellent video, Akshat! Much needed for a developing nation like India, which preferes to boast about GDP but carefully ignores the denominator. I would have liked it more, had you spoken about Gini coeff as well, which tells about the uneven wealth spread among us. Thank you and keep them coming. Let each and every citizen know facts.
Farm reform laws are important. We are importing lot of pulses and oilseeds from outside. Punjab is wrongly growing rice and Vidarbha is wrongly growing water-guzzling sugarcane. If these crops are shifted to water-rich UP/Bihar/Bengal, and pulses, vegetables and oilseeds are grown instead. In addition, private storage and private buyers are allowed, then all regions will progress. Right now, it's all wrong.
India recognises the value of innovation. I have seen the funding, government is making to encourage innovation. Eg: 6G in telecom, innovation is energy and agriculture and many more
kaunsa development kiya aajtak kisi bhi sarkar ne? School sab private ja rhe hai majbori mein aur wahaan loot machi huyi hai Hospital private jana padhte hai Clean water ke liye RO lagane padhta hai Bijli ke liye inverter Police ko ghus deni padhti Govt offices mein bina Rishwat diye kaam nhi hota Hotel mein khao to tax, Ghar mein koi bhi saman repair karwao to usmein bhi tax Highway Roads banane se bachne ke liye sarkar ne us pr bhi unlimited TOLL-PLAZA laga diye TAX ke liye Koi plot kharido to usmein bhi tax aur use becho to usmein bhi tax aur na becho ghar banao to us par bhi tax Koi bhi saman kharido us pr bhi tax MEDICINES tax pr 18% tax laga rkha hai Iske baad Income pr bhi TAX Bachao to usmein bhi tax Bank mein dalo to usmein bhi tax Stock ya Mutual fund mein lagao to nuksan ho gya to public bhare nuksan pr agar kamai ho gyi to usmein se sarkar ko tax do Tax tax TAX!!!! Aur is tax se neta khud ko malamal krte hai croro ki properties bna lete hai aur public ko bola jaata hai aur TAX DO. Pta nhi government ki is HAFTA-WASOOLI ke liye protests kyu nhi hote hai !!!!!!
Hi akshat, 2 cents about this. 1. You cant compare singapore to india due to the size. instead Gurgaon to singapore. You might find a similar growth. 2. 40% of indian population is dependent on agri, thats 500 million, higher than entire usa population. Service sector cannot accomodate jobs for all these people. Exactly the reason why manufacturing is a key to lift low imcome groups.
Excellent conversation. At one point I liked the way one was focussed on the competitive advantage of the country and the other fulfilling the needs, the discussion was interesting. Of all the discussion I feel somehow comparison with Singapore or Israel is like comparing apples and oranges. The major differences are population apart from geopolitics, stable internal govt and resources which were not in favor of India until now. Even in current circumstances there are some issues which we need to fix quickly. We don't know how the future looks as well.
India ' s economy is improving but in terms of human development index, happiness index and many index India is far behind and GDP per capita income is very low that's why we say that India is growing to become rich country we Indians people are very poor India cannot become developed and rich country And we Indians population can't become rich Because of Britishers who looted 45 trillion dollars wealth from India They destroyed and looted everything Before independence India was the richest country and net exporter and trade surplus country And there was very less unemployment and very less poverty rate And around 70 to 80 % indians was rich Due to this , suicide case was very very less And debt free country But when Britishers annexed india It has become reversed everything Poverty and unemployment is very high Due to this, students are doing suicide due to fear India is suffer economy crisis since independence And India now become" gareebo ki chidiya " not " sone ki chidiya" If we want to make india a golden bird again just like conditions before Britishers Then UK MUST return back our 45 trillion dollars wealth to india now Then we can become developed country It is beneficial only if India's money comes back, otherwise no matter how hard you try, India will not move forward or become developed country Ask any economist They are 100 percent sure that india cant become developed country now Whether India goes ahead after 50 years or after 100 years, India will remain poor untill and unless UK return 45 trillion dollars wealth to india And india 's literacy rate is very low Education and health sector in india is very poor it's too late now. India should have got independence 100 years before 1947 means india should got independence around 1847 or may be before so that we can save money and resources but nothing can happen now😐 Please tell me on comment if I am right or wrong ?? And everryone cam give me your opinion as well 😊
India ' s economy is improving but in terms of human development index, happiness index and many index India is far behind and GDP per capita income is very low that's why we say that India is growing to become rich country we Indians people are very poor India cannot become developed and rich country And we Indians population can't become rich Because of Britishers who looted 45 trillion dollars wealth from India They destroyed and looted everything Before independence India was the richest country and net exporter and trade surplus country And there was very less unemployment and very less poverty rate And around 70 to 80 % indians was rich Due to this , suicide case was very very less And debt free country But when Britishers annexed india It has become reversed everything Poverty and unemployment is very high Due to this, students are doing suicide due to fear India is suffer economy crisis since independence And India now become" gareebo ki chidiya " not " sone ki chidiya" If we want to make india a golden bird again just like conditions before Britishers Then UK MUST return back our 45 trillion dollars wealth to india now Then we can become developed country It is beneficial only if India's money comes back, otherwise no matter how hard you try, India will not move forward or become developed country Ask any economist They are 100 percent sure that india cant become developed country now Whether India goes ahead after 50 years or after 100 years, India will remain poor untill and unless UK return 45 trillion dollars wealth to india And india 's literacy rate is very low Education and health sector in india is very poor it's too late now. India should have got independence 100 years before 1947 means india should got independence around 1847 or may be before so that we can save money and resources but nothing can happen now😐 Please tell me on comment if I am right or wrong ?? And everryone cam give me your opinion as well 😊
@@sarthaksingh6834 your first half is right, second half is more like crying over spilled milk. Chinese were even poorer than us and they picked themselves up and shined. Brits looted majorly the royals, most of our crowd was dirt poor, only the royals enjoyed the riches.
@@sarthaksingh6834 work out a$$es hard as Germans, Israelis and Japanese did, they don't cry like victims. Look at where they stood not even 75 years back. Most Indians who are successful don't keep blaming anyone, we have all the resources and all the knowledge, we need to get out of that victim mindset like Pakistan. I also come from a very poor family, I didn't cry about that I worked so hard, day and night and I am a multi-millionaire now.
Don't cry India will be a 10k usd percapita economy in about 15 years or around 2040 and by then if we are able to overcome middle income trap nothing can stop us from becoming rich.@@sarthaksingh6834
Case study of Singapore and Israel were good but there was one which we could emulate ie...Ireland they were the poorest of poor European nation looted by the British like India...they were an agriculture country...but one prime minister changed their fortune by education innovation services manufacturing high end goods...etc today they are the richest country in the world more developed than anyone else and most literate country with a young population...they rank 3 in the world on all metrics India can learn a lot from these three countries Singapore,Israel,and Ireland..thanks I liked ur video keep it up.
India has a diffent issues at hand which are unique in nature: 1) reservation quota system : any country where nepotism, caste, religion etc are given preference over merit, can NEVER succeed. 2) The diversity of India, though sounds amazing in theory, but is the root cause. People in India can never agree to all speak in one common language. This will always create a divide and information sharing will always be an issue. Effective communication is quintessential for success ! 3) The so called Democracy in India is also never going to help it become a super power / successful. A simple ex is road constructions take 10/20 yrs or even longer time frame just because land acquisition can never happen. Talk to people from Pune (West Wakad or East Charoli) food for thought !
Brilliant podcast. Loved the way you broke down the complex economics terms for laymen like us. Best wishes. Will be eagerly waiting for the future episodes.
This entire conversation is good for discussion but then India have it's own problems like 1. Caste based reservation which undermine the merit and ultimately hampers (meager) government investments in R&D which needs nothing but sheer talent 2. Due to lack of OR snatching of at par oppurtunities, talent will move out of India so forget about number of innovation hubs. There may be few but again really few driven by very very few really motivated individuals or companies with self ecenomic interests 3. Rich makes money and flees out of India 4. Whatever is leftover will be eaten by so callled government freebies In conclusion, India's growth is not sustainable unless it address above issues
Great points. But no need for despair. The key is Perform Good on your own. China had huge brain-drain at the beginning of the The opening from 1980s all the way to 2010. But when China developed, many of these people came back for the opportunities in China and brought with them the advanced knowledge of the world. China's Rich also hide their wealth in the West, but as long as it is much easier for them to make money in China, they will operate in China. China's corruption was also legendary before Xi's period. But as long as they were mainly sharing the fruit of the development as a partial owner vs suffocating the development as Bureaucrats, then the Development is still happening. China does not have Caste System, this is one cleaning advantage of China vs India. But the Key is Still Doing a good job for your own business, others will fall into places. As Kishore Mahbubani Said correctly: Indian outside India proves without a doubt Indian are super-smart and successfully. India should have the confidence to open its door and let the world competition forces India to advance just like China Did 5 decades ago.
Excellent and very educative discussion at least for me. I feel fundamentally the Indians are very prone to high corruption from top to bottom. To be like Israel & Singapore we need greater honesty and integrity.
I usually love the video of stocks explanation by @Akshat , but to be very honest , these duo discussions are not found relevant and have many flaws technically ....Stay on things which is your strength...kudos to you guys ...
THANKS both of you i have started showing ur videos to my 11 year old daughter & though she is not getting it i think this should be her first step towards understanding economics which is lacking in formal education As far as growing rich is concerned there are two things i thick will be pivotal India should follow land redistribution model where affording people can be leased agri lands for development Second thing is to have universal healthcare
India ' s economy is improving but in terms of human development index, happiness index and many index India is far behind and GDP per capita income is very low that's why we say that India is growing to become rich country we Indians people are very poor India cannot become developed and rich country And we Indians population can't become rich Because of Britishers who looted 45 trillion dollars wealth from India They destroyed and looted everything Before independence India was the richest country and net exporter and trade surplus country And there was very less unemployment and very less poverty rate And around 70 to 80 % indians was rich Due to this , suicide case was very very less And debt free country But when Britishers annexed india It has become reversed everything Poverty and unemployment is very high Due to this, students are doing suicide due to fear India is suffer economy crisis since independence And India now become" gareebo ki chidiya " not " sone ki chidiya" If we want to make india a golden bird again just like conditions before Britishers Then UK MUST return back our 45 trillion dollars wealth to india now Then we can become developed country It is beneficial only if India's money comes back, otherwise no matter how hard you try, India will not move forward or become developed country Ask any economist They are 100 percent sure that india cant become developed country now Whether India goes ahead after 50 years or after 100 years, India will remain poor untill and unless UK return 45 trillion dollars wealth to india And india 's literacy rate is very low Education and health sector in india is very poor it's too late now. India should have got independence 100 years before 1947 means india should got independence around 1847 or may be before so that we can save money and resources but nothing can happen now😐 Please tell me on comment if I am right or wrong ?? And everryone cam give me your opinion as well 😊
India is more diverse and more united. Depends on what news ur feeding on. More importantly, Singapore have a system that keeps the potentially rogue muslim minority in check. So, if only India can focus on better policies, that will help improve. If any member of any minority community feels insecure, they are victim of propaganda, and hence, they have started hating their own ancient dharmic tradition. Besides, no govt has done enuf to remind the so-called minorities of india abt their own ethnicity and dharmic culture.
I feel we should focus on keeping India clean. This will help in achieving following things -Will avoid deceases -increase tourism -people will be more responsible -eventually cleanliness effects basic nature of humans and will reduce corruption. -We should recycle the waste. - if possible make natural gas.
First goal should be to be self sustainable. Many countries cannot be. India has all natural resources ( minus oil ) , we should focus on make for India than make for world. Don’t know why so much focus on export while we are still importing even children’s toys from China. And please stop comparing Singapore , which has less population than most cities of India. Israel , really?? It’s just a US funded startup. They received heavy funding from US.
Bro we just can't do that, it is against WTO rules... If we want to grow we have to do both import and export as well... Many products are good for us to import from China and other places because of costs and other reasons, otherwise we will lag behind more and more if we don't keep pace with other nations... Also India has now become a net exporter of toys... We still import from China but we are building our own industry side by side In the next 5 years our imports will reduce and exports gain significantly....this is the right way to grow....
@@Nitish.Singhal stopping imports does not mean we have to ban imports. If local products are available at competitive price and quality , why would someone buy Chinese products. Also, look at other countries, people and businesses will buy local products even if they are higher priced.
We can do both manufacturing and services simply because we are so poor. But we are also very innovative therefore service sector is big in india despite being poor. Therefore we can be unbelievable.
Businessman don't share their profit to their employees. Just take example of mumbai. In mumbai there are many retail shops and restaurant. And u will see most employee who work their are either relatives of them or up, bihari and Bangladeshis. They hire rhem cuz they work in cheap salaries. hence in mumbai slum population is increasing and now uts upto 55%. Where 40% Bangladeshis, 28% up and bihair and 15% south indians living. Becuz of cheap laboroures all local people whether rhey are marathi or gujju, marwari or sindhi or parsi who were living since mumbai formed are either have to choose white collar jobs, do business or go abroad. Businessman are main problem of this country. Cuz they dont share high salary to employees. Second problem is overpopulation done by up, bihari and peaceful community. In mumbai slums and especially in bihari and Bangladeshis area u will see parents having 3-4 kids.
I believe low end manufacturing is essential to bridge the income gap over the medium term but the long term game has to be focused on broader access to education at the same time enriching it so that we can transition into an innovation based economy. One thing to note is that manufacturing at scale required massive allocation of budget (to develop the infrastructure) and productivity to enable ease of doing business, which is again a major challenge in India. This also needs to be done keeping in mind modern technologies to ensure sustainability of these manufacturing infras since we need to make sure we meet our climate goals as well. All in all, if one were to choose one area then its definitely more logical to focus on the long game but at the same time i do not think there is any constraint to having more than one goal. This is something Raghuram Rajan has also spoken about in a recent speech. Worth checking it out.
Singapore has couple of things we don’t a) they operated like a dictatorship b) nation always came first c) ppl were disciplined and motivated to get a world class education d) they followed good leadership and made ease of doing business and laws very strict
We think that the nation means a machine which develops its own. But nation means people. They make nation as developed. But Modi is spoiling it. We don't see the visible difference now. Because congress has done its base well. Yes, if Modi creating difference between people for vote. This will ruin our nation's development. Gradually we will come to know the short coming.
In my opinion 1. India should focus on sectors like green energy, green hydrogen, green ammonia. In my opinion this is going to game changer. As this sector is going to be new oil. This can be good for politicians as well bcs this can improve farmers income as well and later improve large scale productivity. 2. Our Indian Railways should go on start developing railway networks in less developed African nations because this will increase project inflow to India and also quality of engineering will increase bcs African terrains are much more complex. 3. India should not compete on the sides as Akshad explained cost cutting is not going to improve india.
To generate wealth and improve our exports, there should be a focus on manufacturing In rural areas, we can focus on low end manufacturing & in towns we can focus on high end manufacturing We need to improve our service sector, too much focus is on IT & real estate Competitive federalism can help our country immensely The Northern belt of the country needs to be harnessed properly Instead of superimposing Israel's or Singapore's model on India, individual states should look at countries with similar size & population which have succeeded & try to learn from that
Isn't the services sector and the manufacturing sector going to be disrupted by AI. So the services export by India might go down because companies in developed economies can invest in AI and negate the dependence on services import from other countries. Example services export from India in terms of customer service and tech support. And also in terms of coding and software development.
Nandan Nilekani also spoke about the uneven wealth distribution in India. He said in interview that government is looking into this matter and wanted to bring a credit history disburse system instead of asset based system. I think it is very good idea to move the India in good direction but, it is very long process and results will appear after 5-6 years. Lets see how the government will act on it.🤑🤑🤑🤑
India ' s economy is improving but in terms of human development index, happiness index and many index India is far behind and GDP per capita income is very low that's why we say that India is growing to become rich country we Indians people are very poor India cannot become developed and rich country And we Indians population can't become rich Because of Britishers who looted 45 trillion dollars wealth from India They destroyed and looted everything Before independence India was the richest country and net exporter and trade surplus country And there was very less unemployment and very less poverty rate And around 70 to 80 % indians was rich Due to this , suicide case was very very less And debt free country But when Britishers annexed india It has become reversed everything Poverty and unemployment is very high Due to this, students are doing suicide due to fear India is suffer economy crisis since independence And India now become" gareebo ki chidiya " not " sone ki chidiya" If we want to make india a golden bird again just like conditions before Britishers Then UK MUST return back our 45 trillion dollars wealth to india now Then we can become developed country It is beneficial only if India's money comes back, otherwise no matter how hard you try, India will not move forward or become developed country Ask any economist They are 100 percent sure that india cant become developed country now Whether India goes ahead after 50 years or after 100 years, India will remain poor untill and unless UK return 45 trillion dollars wealth to india And india 's literacy rate is very low Education and health sector in india is very poor it's too late now. India should have got independence 100 years before 1947 means india should got independence around 1847 or may be before so that we can save money and resources but nothing can happen now😐 Please tell me on comment if I am right or wrong ?? And everryone cam give me your opinion as well 😊
I think Aayushi has a valid point on the employment and if you want to see a country like India to be rich with such a huge population and there is unemployment problem then India can never become rich. There is nothing like High or low end job. I would say India is on a right track to become rich in the coming decade.
I agree with Akshat though. Yes there will be loss of few jobs due to innovation, but it helps to retain innovative minds in our country. And talking about the people whose job will be at risk - they will need to upskill themselves and on little upskilling they can get paid more than earlier since the innovative minds bring in more money in our country due to innovation.
I think you guys missed one factor about impact of GDP on the average person: this is the GINI coefficient, which measures inequality of wealth distribution.
It would be good to look at the comparative weakness & threats, and how sustainable are the growth engines - whether the model is going to last, survive, in the challenges thrown up by time, nature & developments. The other side of wealth creation is wealth distribution.
I feel, we should contextualise the topic based on Indian scenario. Our biggest benefit is also the biggest challenge. Population. Basically India can get richer , sustainably only when per capita GDP grows. For that three very important priorities should be 1. Skill/ unskill people 2. In immediate term, focus on sectors which can leverage semi-skilled /unskilled workforce 3. In long term, focus on skilling/upskilling its manpower on innovative and differentiated sectors / trades. For all this a clear policy for atleast 10-20 years should be framed. It's important we fuel growth in current context of opportunities as well as keep building our strength from a long term sustainable standpoint.
First you could and should do both and All that help India. But the mot important thing is fully utilizing your advantages, which is the cost sensitive low-end manufacturing. The guy is trying the Run, no flying, before able to Walk. The girl's approach actually was what China did for solid reason.
We need to look at climate goals as well. We need to be net zero by 2050 as per Paris Agreement. Manufacturing sector utilize lot of water and technology currently is outdated which will have impact.
What akshat says is where we should go. Mrs Akshat is showing how to better go about to be sustainable long term. . Can't deny any but agree with Mrs akshat at this point
Really nice information, case studies and exchang of opinions.. Learnt a lot! Well the important aspect is to not only focus on becoming rich country but rather sustainable growth where the quality of life of each and every individual is positively impacted!
Once our per capita increases to an even level our GDP will be very massive due to the population. We need to ensure there is opportunity for everyone and we are on the way. Per capita is far away now, but started moving forward. Thanks to massive initiatives by the current government. We may need another 5 years to see drastic changes. Infrastructure and foundation is laid out well. Private sector will massively build on that - which will be non linear.
In my view, the real standard should be used in puechasing power parity...while america might have high per capita but the things are also very expensive compare to India.
Key point which could settle the debate on - whether to focus on low end or high end manufacturing is - 'labour productivity and continual training'. Low end manufacturing create mass employment of low-skill workers and create a kind of status-quo with no improvement. High end manufacturing requires very high skill which only few in country like India afford to aquire through costly high education and post-education skill trainings. What Indian government can do is initiate a goverment funded large scale national program for training and skilling which can accessed for FREE by all compnies alike - micro, small, medium or large to improve productivity of their manpower. Indian government can hire industrial skilling services companies from Germany, Japan, Malaysia, Korea, US, France etc. to be a part of this free national program for industrial labour training and skilling. If one can take example of textiles, what it can do is start a revolution of custom-manufacturing on very large scale instead of dichotomy between low margin, low value-added mass products or highly specialized, high cost luxury products. If India focus only on innovation in services sector, then in absence of meaningful action on 'labour productivity', manufacturing can't keep up. Also it will stop flight to abroad of not just highly educated but even semi skilled people which is the trend we see growingly in India. Highly enterprising and hard working people emigrating to other countries is majorly the outcome of lack of 'labour productivity'. Both - investors (owners of companies) and semi skilled workers these companies employ are not happy. Root cause is same - low labour productivity reduce absolute profit and growth of organisations. Employers are not happy with low productivity of its labour and is unable to invest in costly training program for its workforce. Result is low profit entails low wages. Low wages and no career growth in turn makes workers unhappy who too think of emigrating to countries where they could improve their work outcome and overall life.
Excellent discussion, totally agree that Education is the key. But when we are governed by illiterate politicians, this will not help us to achieve this goal. Also in the opening segment Ayushy raised a very significant statistic about India’s per Capita Income. Finally, there is no way we can compare ourselves anyway with Singapore or try to emulate them. Our culture is so complex that this in itself is a barrier to our growth. Nations that are homogeneous are at an advantage. And instead of try to unite us the present dispensation is busy in destroying our plurality.
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You both can try modelling 😅
Yes no one wants to work where taxes and tax terrisom is there and nothing in return
Everyone see
Reservation
Taxes
No government when comes to return on income taxes zero return
We get reservation in jobs and education
Waqf board will come and take your home any day so why to buy property in India.
Taxes and cess everywhere.
Everyone who earns leaves
HNI leaves
Brain drain
Useless country to pay taxes
Ok is it or your wife looks similar to you . I have heard that this happens when 2 souls like each other from inside.
Seriously just seeing this made a good day 😊.
Radha Radha ❤️
Now I will watch video.....😊byeee❤
Sir I am really willing buy to your course sir but your course is too expensive sir 😢
SImply making our country rich without creating adequate job is not advisable. It will create social problem . We should strike a balance .
We are never becoming rich like Singapore. A tiny nation’s model cannot be replicated for a mammoth of a country like India. Parts of our country can become rich like Singapore.
Sure. But then China? China has had more population than India till last year and even they have a higher GDP per capita than India. They are more financially decentralized and have much more growth oriented policies. It is something India should try to emulate. India mostly has redistributive policies.
modi will do it
@@PremSurajhey are opposite of decentralized economy
In China, communist govt act as central point of money control
@@PremSuraj What do you mean by "financially decentralized", China is an one party unitary state with ccp setting the budget for the whole country, only it has the taxation powers in all of the country, unlike India with state governments also spending money and can also levy some limited taxes although that has changed with introduction of gst.
Most people do not know size and population of Singapore but speaks confidently...
Singapore and Israel are small countries whose Govts can focus more on their fields, but India is too big, i believe each state of India is like an European country, for example Kerala cant focus on manufacturing but focusses on tourism, healthcare and education; Tamil Nadu focuses on manufacturing. Each state of India has its own strength and each of them need to identify themselves. We are so big that all 29 states wont think the same way or can they work in a particular direction prescribed by New Delhi like China works. If each state discovers and realise their own potentials, we will not just beat China but the entire western world including EU and USA.
New delhi built ports, cut down logistic costs and built infrastructure strategically so that every state could work in tandem.
New delhi has more resource economically and information wise as compare to state.
You better pick a sector and look at policy decisions made by central government instead of assuming xyz
India invaded states and becomes india with the help of british now bhugto😂
The big difference between India and countries like China, Japan, South Korea, Singapore - the people and culture here, they are hard working, more disciplined, finance oriented, less religious and racial or cast conscious. So the people must change first, this is unlikely to happen in India in the near future. Forget about India becoming an economic power. It can and is a storehouse of religion and the world will look up to India in this category.
Even God cannot help.
@@ozzozz3529nahi vrooo Mauryan empire toh kabhi tha hi nahi vrooo India toh British ke pehle United tha hi nahi vrooo
Sardar Vallabhbhai Patel toh kabhi paida hi nahi hue vrooo 😂😂😂
Their kid is so lucky to be growing around so much intellectually smart parents 🙌🏼
They are not parents her name is ayushi chand and his name is akshat shivastav
@@Diyashill7359 They are husband-wife with one kid.
@@kunalmishra4721
2 kids
Reel life and real life have lot of difference.
They are not that smart... average i;d say. The girl is a bit OK, the dude is not a critical thinker.
Well reallistically speaking it's impossible for India to be a country of oppurtunities as the wealth distribution is beyond uneven.
Past is not future. Relax and invest in mutual funds to focus on our profession!
Wealth could be only made by you and the distribution could be changed by the common man only
the future is not the past
so invest for yourself if you want to change the wealth distribution for you otherwise you will keep blaming it rather than bringing any changes
@@satyam-evajayate438in past people had limited ways to die & socide...now u can die & do socide in trillion ways 😂...hope these words put brakes on ur ruthless optimism...
and now coming to ur stock market bullshit, i dont believe in simple extrapolations u pimps do, population is stagnating, innovation is stagnating,
earth is drained out,
resource crunch is real,
resource wastage is real,
market size is stagnating (except luxury segment)
market share is under divide due to more players coming in while population, resources for backing & opportunities r stagnating/confining
its just a game of luck & fraud, because ground realities r worsening day by day...& india like failing nations hav countless serious issues that restrict our capabilities to address future disasters & disruptions....in all fields of life....
indian businesses & govt r using stock market & banking systems to suck out money from public & throw it to capitalists for funding their instagram obsession....
i also know about the tactics of sacrificing future for rosy present, future is far away so people will believe all lies & fallacies about it & when time will arrive 2 things will happen (thats sure, thats natural)...
* changing of problem statement, responsible ones r already dead or escaped somewhere so no fixing of responsibility, cat & mouse game of judicial contraption, hiding behind excuses of uncertainties/unpredictabilities/risk factors..
* people fked up so much that their focus get shifted to other things & immediate risks,
past events k cases me kya hua ?
na pension mili
na job mili
na pollution or corruption kam hua
na cities ka infra improve hua
kuch nhi hua lekin public ko koi matlab nhi hai
na kuch badla na kuch badlega,
jisko milgaya wo daaru p k motivation ka jaal fek k or logon ko chutiya banayga, jo lutt gaya wo life k naye sardardon me ulajh k sab bhool jayga
So is talent
The only UA-cam channel where me and my spouse watch without fail on time. Especially the episodes of Akshat and Ayushi where they connect intellectually. ❤ Kudos for bringing variety of topics to discuss👍
Congratulations, my wife watches that I am watching this channel and then leaves me alone. 😂😂 My 7 year old son wonders what is my father getting out of this video. He stays but is clueless.😂
We can emulate Korea (per capita income 33500, though population is only 5 crores) or China (per capita income 14500 same population as us) which are large countries. Singapore with per capita income of 82500 (more than even USA now) is only possible for small country with population of 55 lakhs or the way Ireland did by becoming tax haven for global corporation headquarters for rest of the world (including Apple) richest country in the world today (population 50 lakhs) next only to Luxemberg (tax haven for decades with population of 6.5 lakhs).
Top priority must be to educate every child wherever he comes from and we must ensure education must be every childs birthright
Then vote to AAP party
Because AAP party brings education revolution in India
They are sending government school 's teachers to abroad for training
Nd they are making world class infrastructure government school nd they are bringing happiness class to reduce stress and depression, business blasters to improve ease of doing business in india , deshbhakt class to reduce discrimination on religion, caste etc
They are providing best quality education to all backward poor children like begaars students
If you think I am doing joke
Then go to Delhi and see yourself
You will get to know
income growth without education is impossible.. investing in the future generations shud have been #1 priority.. now that ship has sailed pretty much with only 2 more decades left on the youth bulge dividend.. but rn they are mostly unemployed
“India's current medical inflation rate is 14% - the highest amongst Asian countries in 2021. In 2023, a further 10% rise is foreseen. With healthcare prices shooting up and purchasing power dipping, this hike directly affects the insurance industry - leading to increased insurance premiums,"
And what are the factors that are driving this inflation so fast up in India? What is different than other asian countries?
India ' s economy is improving but in terms of human development index, happiness index and many index India is far behind and GDP per capita income is very low that's why we say that
India is growing to become rich country we Indians people are very poor
India cannot become developed and rich country
And we Indians population can't become rich
Because of Britishers who looted 45 trillion dollars wealth from India
They destroyed and looted everything
Before independence
India was the richest country and net exporter and trade surplus country
And there was very less unemployment and very less poverty rate
And around 70 to 80 % indians was rich
Due to this , suicide case was very very less
And debt free country
But when Britishers annexed india
It has become reversed everything
Poverty and unemployment is very high
Due to this, students are doing suicide due to fear
India is suffer economy crisis since independence
And
India now become" gareebo ki chidiya " not " sone ki chidiya"
If we want to make india a golden bird again just like conditions before Britishers
Then UK MUST return back our 45 trillion dollars wealth to india now
Then we can become developed country
It is beneficial only if India's money comes back, otherwise no matter how hard you try, India will not move forward or become developed country
Ask any economist
They are 100 percent sure that india cant become developed country now
Whether India goes ahead after 50 years or after 100 years, India will remain poor untill and unless UK return 45 trillion dollars wealth to india
And india 's literacy rate is very low
Education and health sector in india is very poor
it's too late now. India should have got independence 100 years before 1947 means india should got independence around 1847 or may be before so that we can save money and resources
but nothing can happen now😐
Please tell me on comment if I am right or wrong ??
And everryone cam give me your opinion as well 😊
@@sarthaksingh6834
Indians studying abroad are doing very well. .... some have made more wealth than the British have.
Wealth is our brains and no one can take that. Simple!
@@mg.f.9023 yeah but we have brains but no money in our country INDIA. That's the problem
@@sarthaksingh6834kon olta he wealth nahi. Pure india me jinta gold he utna kisi country me nahi he. Problem equal distribution ka be. Wealth distribution sahi nahi he.
Couple of more observations:
1. The population of these countries (Singapore, Israel) were low as compared to India.
2. Survival was important, e.g., Israel. Entire families were dedicated to put value to the economy.
3. Mindset of people was major catalyst. A looming threat to nation and extreme poverty, health and hygiene was not tolerated.
Israel also gets a lot of technology from the West.
India need to develop more and more port cities and take advantage of indian massive coastal lines
things are in progress right Ap there are few ports allotted to Andhra Pradesh also
@pmsagar yes . Manufacturing units should be allotted to these port cities ,ie less cost in logistics transportation and less manufacturing cost which boost indian economy massively .
Banao fir. Kisne roka hai
@@SanAntonioDean illiterate ☕️
@@abhijithofflto padho likho, aage badho
Enjoyed watching the duet of a finance person and an economist. As I am hearing more to Akshat for the financial advises, it was pleasant to listen to Ayushi for the economic view point. Thanks to Ayushi to put the point across that we have to move step by step in order to become a developed economy. We have to see that development is not only fast but sustainable as well.
States can individually focus on their competitive advantages and then devise a combined strategy to reach our growth goals. It is extremely difficult to manage a large country like India based on the models of smaller countries like Singapore and Israel. Additionally, we need to give equal respect to people working in different sectors and refrain from passing judgement based on the work a person does, as every small contribution in all sectors is responsible for the collective development of a country. As Indians, we need to help our fellow citizens reach their highest potential.
If there is no wholistic plan there is no hope.
India is like a Feudal states, each tribal group is trying to get as much benefit for themsleves as possible, because central government is to be trusted, yet at times, pulling the legs.
Just to separate the views from citizen from government, citizens will eventually realised a break up India will be better for its people.
@@merrick6484 anti india wet dreams hahaha. India is doing rather well today, MUCH better than before, in key areas where it really matters like moving away from poverty politics of the left and corrupt congress and starting to do things logically like focusing on infrastructure and business, helping rich businessmen local and foreign rather than on 'poor'. This will actually help lift millions from poverty and give indian people more buying power and skills education and better services eventually.
A really informative video. Our goal is never to be rich, our goals are to be self sufficient. Economics supports the fact that India could have been a middle income economy(13000-22000$ per capita) if farmer laws were implemented as it could have lead us to innovate more in Agritech industry for an agricultural economy like india.
Right after demonetization takes out the black money from the system and deposits the 15 lakh in everyone’s account……. Sure
source?
@@chatpapdiKoi Sense hai Is baat ka?
@@hemrshah man ki baat suno to samaj aayaga 😏
Yaa but Punjabi farmers held that back I think farm law should be implemented state wise and Punjab should be bypassed somehow.
Thanks, Akshat and Mam. Basic Economic terms were clearly explained. Agreed on Innovation and Education. Innovation in Agriculture will immensely help reason India has so much arable land.
Dear Akshat and Madam, I enjoyed your podcast abd regularly watch all your videos, especially of Akshat because mostly he is seen in videos.
Though you have discussed smaller countries like Singapore & Israel but their comparison with India is unjustified. Both of you are highly intelligent persons & I need not dwell on the diversity, education,religion, regionalism, etc. But your point of providing jobs to unemployable millions in low end industries is well articulated. Akshat can and will always think from investors point of view but the economy cannot grow if we do not provide jobs to lot of people In industries. God bless both of you
Loved the way it was conversed and brought in different perspectives and insights
Thank you, Akshat and Ayushi, you make learning so much fun. Economics is my favourite subject now 😅
The lady is right.. country needs a well thought-out combination of low end and high end of manufacturing..
U missed a VERY big point which is international trade agreements....
See the change in Singapore economy after there 2004 FTA with America... Similarly with hong kong and Israel without the USA they won't be here, same story with vietnam who got a US ,UK FTA in early 2000s.....
Bangladesh exports has protection from tariffs whereas Indian textile has to go through tariffs in EU ...
China exploited Hongkong FTA to register company in hong kong and
Export to USA with super low tariffs ... that's why hong kong became a financial hub as all office work of Chinese and American companies is being done there...
Whereas we were being punished for being in USSR block after Manmohan Singh 10+ visits and then PM Modi 8+ visit to USA we are now paving the way to exploit capitalism... That to partially still... because the USA won't give FTA now to us...
You guys completely ignored geo politics which really decides which country can become rich... And grow faster compared to other countries
Pls Do take it as positive criticism only...
One very controversial , yet key issue which is really hard to discuss openly in public forums - The poor are producing more offsprings compared to the rich.... Thereby increasing the wealth disparity even more....
Good point u made here and also provided an ironical solution.
Today Indias population can be its biggest asset or liability. Like the "poor" people. For them the number of working hands is an asset whereas for a rich person the number of children will become a liability as they will divide his assets.
Aaushi made a valid point that the youth can't be left unemployed.
The biggest challenge would be to find a solution for utilising the largest population in the world in a way that everyone gains. What akshat is proposing would finally result in large income disparity and that can lead to not a good situation for a country.
OR we can also say highly educated parents are producing less children than less educated/illiterate parents. If parents like Akshat produce 3 children, it will help the country immensely.
India faces poverty and development disparities. Around 20% of the population lives in poverty, income inequality is high, and basic needs like clean water, healthcare, and education are challenging to access, especially in rural areas. Many work in insecure informal jobs, making them vulnerable. Rural regions lack infrastructure and opportunities, worsening poverty.
Recently, a poor tribal woman from Odisha, who was already struggling with poverty, felt saddened by the birth of her second girl child. Sadly, she decided to sell her eight-month-old daughter to another couple for a very small amount of money, which was only ₹800. This is a deeply unfortunate and heartbreaking situation, highlighting the desperate circumstances faced by some individuals in poverty.
The goal of becoming rich as a country may not matter to some people. What truly matters is ensuring that every single citizen in India, all 100% of the population, has access to their basic needs like food, water, healthcare, and education. This would bring happiness because it means that nobody is left behind and everyone has a fair chance at a good life. Prioritizing the well-being and education of every individual is what truly matters to achieve true happiness for all.
The only way you become financially stable , when you invest for long tern
@@DrSaifShaikh I utterly concur with you and really love your opinion regarding the Country's growth.👌👉
❤
A fair comparison would be with China rather than Singapore or Israel because they are very small countries and demographics are quite different.
We should also focus more on Agriculture. Reason is if we start importing food from outside, it leads to lot of food crisis and inflation. I agree service sector is required, but we can't miss agriculture. Example is srilanka.
💯
Example is also UK. During WW2 Germany blockaded its waters. No food could come in thru it's colonies. People started starving in britain. Self sufficiency in food production is extremly important.
@@ageless1003 correct
That's why farm reform laws are important. We are importing lot of pulses and oilseeds from outside.
Punjab is wrongly growing rice and Vidarbha is wrongly growing water-guzzling sugarcane.
If these crops are shifted to water-rich UP/Bihar/Bengal, and pulses, vegetables and oilseeds are grown instead. In addition, private storage and private buyers are allowed, then all regions will progress. Right now, it's all wrong.
@@rajx7120 you are right but then bring pulses and other cash crops into the ambit of MSP. Also, no one trust private guys like fucer Adani. He will hoard the crops and then sell them at high prices. We need proper businessmen not crony capitalist. Ex of businessmen with high morals being ajim Hasan premiji, Tata, Uday Kotak etc. Bring them in. Public trusts them but no one trusts Adani. So my dear, it's the policies by government and trust in government which motivates people.
Thanks Akshat for all the information with so much clarity and data. 🤘🏻🔥
Akshat is super competitive about sharing his point 😂 😂 .
India ' s economy is improving but in terms of human development index, happiness index and many index India is far behind and GDP per capita income is very low that's why we say that
India is growing to become rich country we Indians people are very poor
India cannot become developed and rich country
And we Indians population can't become rich
Because of Britishers who looted 45 trillion dollars wealth from India
They destroyed and looted everything
Before independence
India was the richest country and net exporter and trade surplus country
And there was very less unemployment and very less poverty rate
And around 70 to 80 % indians was rich
Due to this , suicide case was very very less
And debt free country
But when Britishers annexed india
It has become reversed everything
Poverty and unemployment is very high
Due to this, students are doing suicide due to fear
India is suffer economy crisis since independence
And
India now become" gareebo ki chidiya " not " sone ki chidiya"
If we want to make india a golden bird again just like conditions before Britishers
Then UK MUST return back our 45 trillion dollars wealth to india now
Then we can become developed country
It is beneficial only if India's money comes back, otherwise no matter how hard you try, India will not move forward or become developed country
Ask any economist
They are 100 percent sure that india cant become developed country now
Whether India goes ahead after 50 years or after 100 years, India will remain poor untill and unless UK return 45 trillion dollars wealth to india
And india 's literacy rate is very low
Education and health sector in india is very poor
it's too late now. India should have got independence 100 years before 1947 means india should got independence around 1847 or may be before so that we can save money and resources
but nothing can happen now😐
Please tell me on comment if I am right or wrong ??
And everryone cam give me your opinion as well 😊
@@sarthaksingh6834😂😂😂wtf bro. Esi bohot sari countries he jo colonize hone ke bawjud bhi defeloped ho gayi. India ki population bohot gada he is liye gdp per capita bhi jada he. Just go in southern country and see thier infra and development. India bhi in future developed banega. Maharashtra ki gdp per capita sabse gyada he pure india me and it is increasing day by day.
“Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.”
― Sam Ewin
I think manufacturing is as important as service sector to generate employment for billions of Indian. High end manufacturing and service sector will improve with time. We won't be able to generate billions of jobs by focusing only in service sectors.
Farm reform laws are important. We are importing lot of pulses and oilseeds from outside.
Punjab is wrongly growing rice and Vidarbha is wrongly growing water-guzzling sugarcane.
If these crops are shifted to water-rich UP/Bihar/Bengal, and pulses, vegetables and oilseeds are grown instead. In addition, private storage and private buyers are allowed, then all regions will progress. Right now, it's all wrong.
Best pair , with great finance knowledge 😊
In the point of manufacturing I mostly agree with ayushi ma'am because the quality of indian labour force is really poor so if we focus on high end manufacturing it will be a nightmare for manufacturing companies so I think we should financially subsidize low end manufacturing and focus on high end manufacturing through education so when the 1st high end manufacturing setup is ready we can get an easy access cheap but skilled labour.
Loved this new initiative, hoping to more such insightful discourse in future !
Liked the case study of Israel and Singapore very much.
superb Akshat and Ayushi, what an amazing informative video. Im sure a lot of hard work has gone into it and from your videos i can understand your love for the nation and its people. You also got your wife into this though she was reluctant in the begining. God bless you and i wish you all success
dear Akshat we cannot actually compare singapore or israel model...we need to see what kind of population they had to manage while moving towrds being highly developed and also how diverse was the population in their culture thought process etc..India was and always has been a highly pouplated country with immense diversifiaction in all terms..so to manage such a high density of diversed population with a democartic political environment is a huge challenge
Great discussion- low end vs high end / increase per capita income: Akshat you are right. The only way a country, a company or an individual can get rich is by moving up the value chain but for that to happen, education, skill levels and the drive to skill up / innovate and succeed at the individual level and policy changes and commitment from the Government are the need of the hour. god bless you both and your family.
Financing center needs solid base beside well-educated people and well-run government. New York City for US's world domination, London for its historical world domination, Hong Kong for its Gate to China and Singapore for its convenient location. Others are just local center, even for Tokyo.
This channel has an unbiased review of the economy. Unlike most others who won't even dare to point out the real scenario. It is indeed true that India is now the 5th largest economy but the disparity amongst its citizens is beyond comparable. Some are eating luxury meals with a golden spoon while some don't even have one proper meal a day. It is true that everyone can't be rich but the government should see that the basic needs are met, especially those who are living in poverty. If the government wants it can provide free food, shelter, education and jobs for at least one generation so that they can make their next generation better & the cycle goes on... instead of the recent reservation scenario. Then some day every citizen will have a better life & there will be no discrimination too.
2100, 500 Trillion pakka
2200- 2000 Trillion
* 80 cr people free ration to continue till year -2200
Lucidly produced that too from someone who has visibility from the finance ministry. I got to say though - Ayushi - those eyes are so beautiful ! with a intelligent dynamic spark in them.
Hello Akshat, high-end industries will provide more employment giving opportunities to next generations with better education reach and quality. I don't think India can skip this crucial step to eventually get to the innovation based economy.
Very well explained by making it simple by Akshat & Ayushi.
Perhaps the continuation of this video should be the impact of technologies related to industry 4.0 on manufacturing jobs as many of these will become obsolete and the near future.
Congratulations to both of you on this wonderful video based on data and analytics 👍
The government economist's perspective is that a country with a huge population needs to deal with unemployment as a priority, the finance guy's perspective is that you can only get rich by focusing on high growth sectors that generate a lot of value. Both are valid, and in a country as big as India we need to focus on both simultaneously. Generate employment and innovate.
Next topic question should be
Why Middle class have to pay more taxes and doesn't get any fruitful thing return just like poor people get
2 .freebies are so dangerous then also why some party gives that
Excellent video, Akshat! Much needed for a developing nation like India, which preferes to boast about GDP but carefully ignores the denominator. I would have liked it more, had you spoken about Gini coeff as well, which tells about the uneven wealth spread among us.
Thank you and keep them coming. Let each and every citizen know facts.
Farm reform laws are important. We are importing lot of pulses and oilseeds from outside.
Punjab is wrongly growing rice and Vidarbha is wrongly growing water-guzzling sugarcane.
If these crops are shifted to water-rich UP/Bihar/Bengal, and pulses, vegetables and oilseeds are grown instead. In addition, private storage and private buyers are allowed, then all regions will progress. Right now, it's all wrong.
India recognises the value of innovation. I have seen the funding, government is making to encourage innovation. Eg: 6G in telecom, innovation is energy and agriculture and many more
kaunsa development kiya aajtak kisi bhi sarkar ne?
School sab private ja rhe hai majbori mein aur wahaan loot machi huyi hai
Hospital private jana padhte hai
Clean water ke liye RO lagane padhta hai
Bijli ke liye inverter
Police ko ghus deni padhti
Govt offices mein bina Rishwat diye kaam nhi hota
Hotel mein khao to tax,
Ghar mein koi bhi saman repair karwao to usmein bhi tax
Highway Roads banane se bachne ke liye sarkar ne us pr bhi unlimited TOLL-PLAZA laga diye TAX ke liye
Koi plot kharido to usmein bhi tax aur use becho to usmein bhi tax aur na becho ghar banao to us par bhi tax
Koi bhi saman kharido us pr bhi tax
MEDICINES tax pr 18% tax laga rkha hai
Iske baad Income pr bhi TAX
Bachao to usmein bhi tax
Bank mein dalo to usmein bhi tax
Stock ya Mutual fund mein lagao to nuksan ho gya to public bhare nuksan pr agar kamai ho gyi to usmein se sarkar ko tax do
Tax tax TAX!!!!
Aur is tax se neta khud ko malamal krte hai croro ki properties bna lete hai aur public ko bola jaata hai aur TAX DO.
Pta nhi government ki is HAFTA-WASOOLI ke liye protests kyu nhi hote hai !!!!!!
Thanks Akshat and Ayushi. I learned more facts from this video.
More power to the duo 🙌 Keep educating!
Hi akshat, 2 cents about this.
1. You cant compare singapore to india due to the size. instead Gurgaon to singapore. You might find a similar growth.
2. 40% of indian population is dependent on agri, thats 500 million, higher than entire usa population. Service sector cannot accomodate jobs for all these people. Exactly the reason why manufacturing is a key to lift low imcome groups.
Excellent conversation. At one point I liked the way one was focussed on the competitive advantage of the country and the other fulfilling the needs, the discussion was interesting. Of all the discussion I feel somehow comparison with Singapore or Israel is like comparing apples and oranges. The major differences are population apart from geopolitics, stable internal govt and resources which were not in favor of India until now. Even in current circumstances there are some issues which we need to fix quickly. We don't know how the future looks as well.
India ' s economy is improving but in terms of human development index, happiness index and many index India is far behind and GDP per capita income is very low that's why we say that
India is growing to become rich country we Indians people are very poor
India cannot become developed and rich country
And we Indians population can't become rich
Because of Britishers who looted 45 trillion dollars wealth from India
They destroyed and looted everything
Before independence
India was the richest country and net exporter and trade surplus country
And there was very less unemployment and very less poverty rate
And around 70 to 80 % indians was rich
Due to this , suicide case was very very less
And debt free country
But when Britishers annexed india
It has become reversed everything
Poverty and unemployment is very high
Due to this, students are doing suicide due to fear
India is suffer economy crisis since independence
And
India now become" gareebo ki chidiya " not " sone ki chidiya"
If we want to make india a golden bird again just like conditions before Britishers
Then UK MUST return back our 45 trillion dollars wealth to india now
Then we can become developed country
It is beneficial only if India's money comes back, otherwise no matter how hard you try, India will not move forward or become developed country
Ask any economist
They are 100 percent sure that india cant become developed country now
Whether India goes ahead after 50 years or after 100 years, India will remain poor untill and unless UK return 45 trillion dollars wealth to india
And india 's literacy rate is very low
Education and health sector in india is very poor
it's too late now. India should have got independence 100 years before 1947 means india should got independence around 1847 or may be before so that we can save money and resources
but nothing can happen now😐
Please tell me on comment if I am right or wrong ??
And everryone cam give me your opinion as well 😊
I love debunking videos that have a counterargument.
Keeps me updated on both sides. Thank you.
India ' s economy is improving but in terms of human development index, happiness index and many index India is far behind and GDP per capita income is very low that's why we say that
India is growing to become rich country we Indians people are very poor
India cannot become developed and rich country
And we Indians population can't become rich
Because of Britishers who looted 45 trillion dollars wealth from India
They destroyed and looted everything
Before independence
India was the richest country and net exporter and trade surplus country
And there was very less unemployment and very less poverty rate
And around 70 to 80 % indians was rich
Due to this , suicide case was very very less
And debt free country
But when Britishers annexed india
It has become reversed everything
Poverty and unemployment is very high
Due to this, students are doing suicide due to fear
India is suffer economy crisis since independence
And
India now become" gareebo ki chidiya " not " sone ki chidiya"
If we want to make india a golden bird again just like conditions before Britishers
Then UK MUST return back our 45 trillion dollars wealth to india now
Then we can become developed country
It is beneficial only if India's money comes back, otherwise no matter how hard you try, India will not move forward or become developed country
Ask any economist
They are 100 percent sure that india cant become developed country now
Whether India goes ahead after 50 years or after 100 years, India will remain poor untill and unless UK return 45 trillion dollars wealth to india
And india 's literacy rate is very low
Education and health sector in india is very poor
it's too late now. India should have got independence 100 years before 1947 means india should got independence around 1847 or may be before so that we can save money and resources
but nothing can happen now😐
Please tell me on comment if I am right or wrong ??
And everryone cam give me your opinion as well 😊
@@sarthaksingh6834 your first half is right, second half is more like crying over spilled milk. Chinese were even poorer than us and they picked themselves up and shined.
Brits looted majorly the royals, most of our crowd was dirt poor, only the royals enjoyed the riches.
@@abc_cba so what is a solution to make india a developed and richest country in the world
@@sarthaksingh6834 work out a$$es hard as Germans, Israelis and Japanese did, they don't cry like victims. Look at where they stood not even 75 years back. Most Indians who are successful don't keep blaming anyone, we have all the resources and all the knowledge, we need to get out of that victim mindset like Pakistan.
I also come from a very poor family, I didn't cry about that I worked so hard, day and night and I am a multi-millionaire now.
Don't cry India will be a 10k usd percapita economy in about 15 years or around 2040 and by then if we are able to overcome middle income trap nothing can stop us from becoming rich.@@sarthaksingh6834
Case study of Singapore and Israel were good but there was one which we could emulate ie...Ireland they were the poorest of poor European nation looted by the British like India...they were an agriculture country...but one prime minister changed their fortune by education innovation services manufacturing high end goods...etc today they are the richest country in the world more developed than anyone else and most literate country with a young population...they rank 3 in the world on all metrics India can learn a lot from these three countries Singapore,Israel,and Ireland..thanks I liked ur video keep it up.
Next Topic Should be how we can change in education so that it becomes immune to future trends.
Superb. Great episode . Loved the clarity . Very thought inducing.
India has a diffent issues at hand which are unique in nature:
1) reservation quota system : any country where nepotism, caste, religion etc are given preference over merit, can NEVER succeed.
2) The diversity of India, though sounds amazing in theory, but is the root cause. People in India can never agree to all speak in one common language. This will always create a divide and information sharing will always be an issue. Effective communication is quintessential for success !
3) The so called Democracy in India is also never going to help it become a super power / successful. A simple ex is road constructions take 10/20 yrs or even longer time frame just because land acquisition can never happen. Talk to people from Pune (West Wakad or East Charoli)
food for thought !
Brilliant podcast. Loved the way you broke down the complex economics terms for laymen like us. Best wishes. Will be eagerly waiting for the future episodes.
This entire conversation is good for discussion but then India have it's own problems like
1. Caste based reservation which undermine the merit and ultimately hampers (meager) government investments in R&D which needs nothing but sheer talent
2. Due to lack of OR snatching of at par oppurtunities, talent will move out of India so forget about number of innovation hubs. There may be few but again really few driven by very very few really motivated individuals or companies with self ecenomic interests
3. Rich makes money and flees out of India
4. Whatever is leftover will be eaten by so callled government freebies
In conclusion, India's growth is not sustainable unless it address above issues
Great points. But no need for despair. The key is Perform Good on your own.
China had huge brain-drain at the beginning of the The opening from 1980s all the way to 2010. But when China developed, many of these people came back for the opportunities in China and brought with them the advanced knowledge of the world.
China's Rich also hide their wealth in the West, but as long as it is much easier for them to make money in China, they will operate in China.
China's corruption was also legendary before Xi's period. But as long as they were mainly sharing the fruit of the development as a partial owner vs suffocating the development as Bureaucrats, then the Development is still happening.
China does not have Caste System, this is one cleaning advantage of China vs India.
But the Key is Still Doing a good job for your own business, others will fall into places.
As Kishore Mahbubani Said correctly: Indian outside India proves without a doubt Indian are super-smart and successfully. India should have the confidence to open its door and let the world competition forces India to advance just like China Did 5 decades ago.
2 unemployed people debating
Excellent and very educative discussion at least for me. I feel fundamentally the Indians are very prone to high corruption from top to bottom. To be like Israel & Singapore we need greater honesty and integrity.
How people are commenting on 29 minute video just after 3 minutes of release,,,!!,,,,😅😅😅😅
22:45 Much needed video
Please consider making a detailed analysis of it, we would love to know abt it, hope u consider my request
India can never be as rich as Singapore, we need to be realistic
Very good informative video. A big thank you. Please continue to post educative videos. 🙏
I usually love the video of stocks explanation by @Akshat , but to be very honest , these duo discussions are not found relevant and have many flaws technically ....Stay on things which is your strength...kudos to you guys ...
Then kindly f*** off, no need to leave your commentary here. Kudos to you.
Ayushi was crisp and very informative. Thanks
If India needs to grow it needs to invest in Innovation and R&D. But in current Netagiri and votebank situation nothing will work.
@dailydoseof gamming yes there ws too much innovation and RnD developmmt during 62 years of congress
THANKS both of you i have started showing ur videos to my 11 year old daughter & though she is not getting it i think this should be her first step towards understanding economics which is lacking in formal education
As far as growing rich is concerned there are two things i thick will be pivotal India should follow land redistribution model where affording people can be leased agri lands for development
Second thing is to have universal healthcare
India ' s economy is improving but in terms of human development index, happiness index and many index India is far behind and GDP per capita income is very low that's why we say that
India is growing to become rich country we Indians people are very poor
India cannot become developed and rich country
And we Indians population can't become rich
Because of Britishers who looted 45 trillion dollars wealth from India
They destroyed and looted everything
Before independence
India was the richest country and net exporter and trade surplus country
And there was very less unemployment and very less poverty rate
And around 70 to 80 % indians was rich
Due to this , suicide case was very very less
And debt free country
But when Britishers annexed india
It has become reversed everything
Poverty and unemployment is very high
Due to this, students are doing suicide due to fear
India is suffer economy crisis since independence
And
India now become" gareebo ki chidiya " not " sone ki chidiya"
If we want to make india a golden bird again just like conditions before Britishers
Then UK MUST return back our 45 trillion dollars wealth to india now
Then we can become developed country
It is beneficial only if India's money comes back, otherwise no matter how hard you try, India will not move forward or become developed country
Ask any economist
They are 100 percent sure that india cant become developed country now
Whether India goes ahead after 50 years or after 100 years, India will remain poor untill and unless UK return 45 trillion dollars wealth to india
And india 's literacy rate is very low
Education and health sector in india is very poor
it's too late now. India should have got independence 100 years before 1947 means india should got independence around 1847 or may be before so that we can save money and resources
but nothing can happen now😐
Please tell me on comment if I am right or wrong ??
And everryone cam give me your opinion as well 😊
I studied in Singapore. They promote unity in diversity from the earliest years. That too contributed to their success. India is too divisive.
Correct! Well done
India, under Modi's mentality, will increase hatred towards non-hindus, which will be badly detrimental to economic growth.
India is more diverse and more united. Depends on what news ur feeding on. More importantly, Singapore have a system that keeps the potentially rogue muslim minority in check. So, if only India can focus on better policies, that will help improve. If any member of any minority community feels insecure, they are victim of propaganda, and hence, they have started hating their own ancient dharmic tradition. Besides, no govt has done enuf to remind the so-called minorities of india abt their own ethnicity and dharmic culture.
Fact is not altered by words no matter how eloquent you are, ofc, we all wish India sucess@@Kumar-cg9gv
@@Kumar-cg9gv Singapore has a system in place to keep rouge ‘people’ in check.
I feel we should focus on keeping India clean.
This will help in achieving following things
-Will avoid deceases
-increase tourism
-people will be more responsible
-eventually cleanliness effects basic nature of humans and will reduce corruption.
-We should recycle the waste.
- if possible make natural gas.
First goal should be to be self sustainable. Many countries cannot be. India has all natural resources ( minus oil ) , we should focus on make for India than make for world. Don’t know why so much focus on export while we are still importing even children’s toys from China.
And please stop comparing Singapore , which has less population than most cities of India.
Israel , really?? It’s just a US funded startup. They received heavy funding from US.
Bro we just can't do that, it is against WTO rules... If we want to grow we have to do both import and export as well...
Many products are good for us to import from China and other places because of costs and other reasons, otherwise we will lag behind more and more if we don't keep pace with other nations...
Also India has now become a net exporter of toys... We still import from China but we are building our own industry side by side In the next 5 years our imports will reduce and exports gain significantly....this is the right way to grow....
@@Nitish.Singhal stopping imports does not mean we have to ban imports. If local products are available at competitive price and quality , why would someone buy Chinese products. Also, look at other countries, people and businesses will buy local products even if they are higher priced.
We can do both manufacturing and services simply because we are so poor. But we are also very innovative therefore service sector is big in india despite being poor. Therefore we can be unbelievable.
Businessman don't share their profit to their employees. Just take example of mumbai. In mumbai there are many retail shops and restaurant. And u will see most employee who work their are either relatives of them or up, bihari and Bangladeshis. They hire rhem cuz they work in cheap salaries. hence in mumbai slum population is increasing and now uts upto 55%. Where 40% Bangladeshis, 28% up and bihair and 15% south indians living. Becuz of cheap laboroures all local people whether rhey are marathi or gujju, marwari or sindhi or parsi who were living since mumbai formed are either have to choose white collar jobs, do business or go abroad. Businessman are main problem of this country. Cuz they dont share high salary to employees. Second problem is overpopulation done by up, bihari and peaceful community. In mumbai slums and especially in bihari and Bangladeshis area u will see parents having 3-4 kids.
I believe low end manufacturing is essential to bridge the income gap over the medium term but the long term game has to be focused on broader access to education at the same time enriching it so that we can transition into an innovation based economy. One thing to note is that manufacturing at scale required massive allocation of budget (to develop the infrastructure) and productivity to enable ease of doing business, which is again a major challenge in India. This also needs to be done keeping in mind modern technologies to ensure sustainability of these manufacturing infras since we need to make sure we meet our climate goals as well. All in all, if one were to choose one area then its definitely more logical to focus on the long game but at the same time i do not think there is any constraint to having more than one goal. This is something Raghuram Rajan has also spoken about in a recent speech. Worth checking it out.
Singapore has couple of things we don’t a) they operated like a dictatorship b) nation always came first c) ppl were disciplined and motivated to get a world class education d) they followed good leadership and made ease of doing business and laws very strict
Rich are becoming rich, and super rich(elites), while poor and middle-class is becoming poor, day-to-day and population decreasing....
The macroeconomic strength of the nation is a way to its citizens to achieve microeconomic self-sustaining capacity.
We think that the nation means a machine which develops its own. But nation means people. They make nation as developed.
But Modi is spoiling it. We don't see the visible difference now. Because congress has done its base well.
Yes, if Modi creating difference between people for vote. This will ruin our nation's development. Gradually we will come to know the short coming.
In my opinion
1. India should focus on sectors like green energy, green hydrogen, green ammonia. In my opinion this is going to game changer. As this sector is going to be new oil. This can be good for politicians as well bcs this can improve farmers income as well and later improve large scale productivity.
2. Our Indian Railways should go on start developing railway networks in less developed African nations because this will increase project inflow to India and also quality of engineering will increase bcs African terrains are much more complex.
3. India should not compete on the sides as Akshad explained cost cutting is not going to improve india.
Agreed on 1 & 2. We need a sustainable and well balanced economy with a combination of both high and low end manufacturing.
Your podcast title is going to trigger some people from Tamilnadu Akshat 🤣
Why bruh. Am from Tamil Nadu. It not triggered me. What happened
Actually it will trigger from north 😂
@@heerthirajah1661 "some"
To generate wealth and improve our exports, there should be a focus on manufacturing
In rural areas, we can focus on low end manufacturing & in towns we can focus on high end manufacturing
We need to improve our service sector, too much focus is on IT & real estate
Competitive federalism can help our country immensely
The Northern belt of the country needs to be harnessed properly
Instead of superimposing Israel's or Singapore's model on India, individual states should look at countries with similar size & population which have succeeded & try to learn from that
Isn't the services sector and the manufacturing sector going to be disrupted by AI. So the services export by India might go down because companies in developed economies can invest in AI and negate the dependence on services import from other countries. Example services export from India in terms of customer service and tech support. And also in terms of coding and software development.
Nandan Nilekani also spoke about the uneven wealth distribution in India. He said in interview that government is looking into this matter and wanted to bring a credit history disburse system instead of asset based system. I think it is very good idea to move the India in good direction but, it is very long process and results will appear after 5-6 years. Lets see how the government will act on it.🤑🤑🤑🤑
India ' s economy is improving but in terms of human development index, happiness index and many index India is far behind and GDP per capita income is very low that's why we say that
India is growing to become rich country we Indians people are very poor
India cannot become developed and rich country
And we Indians population can't become rich
Because of Britishers who looted 45 trillion dollars wealth from India
They destroyed and looted everything
Before independence
India was the richest country and net exporter and trade surplus country
And there was very less unemployment and very less poverty rate
And around 70 to 80 % indians was rich
Due to this , suicide case was very very less
And debt free country
But when Britishers annexed india
It has become reversed everything
Poverty and unemployment is very high
Due to this, students are doing suicide due to fear
India is suffer economy crisis since independence
And
India now become" gareebo ki chidiya " not " sone ki chidiya"
If we want to make india a golden bird again just like conditions before Britishers
Then UK MUST return back our 45 trillion dollars wealth to india now
Then we can become developed country
It is beneficial only if India's money comes back, otherwise no matter how hard you try, India will not move forward or become developed country
Ask any economist
They are 100 percent sure that india cant become developed country now
Whether India goes ahead after 50 years or after 100 years, India will remain poor untill and unless UK return 45 trillion dollars wealth to india
And india 's literacy rate is very low
Education and health sector in india is very poor
it's too late now. India should have got independence 100 years before 1947 means india should got independence around 1847 or may be before so that we can save money and resources
but nothing can happen now😐
Please tell me on comment if I am right or wrong ??
And everryone cam give me your opinion as well 😊
Great conversation, input more ideas for our learning
such a insightful debate. thanks for this.
I think Aayushi has a valid point on the employment and if you want to see a country like India to be rich with such a huge population and there is unemployment problem then India can never become rich. There is nothing like High or low end job. I would say India is on a right track to become rich in the coming decade.
I agree with Akshat though.
Yes there will be loss of few jobs due to innovation, but it helps to retain innovative minds in our country.
And talking about the people whose job will be at risk - they will need to upskill themselves and on little upskilling they can get paid more than earlier since the innovative minds bring in more money in our country due to innovation.
I think you guys missed one factor about impact of GDP on the average person: this is the GINI coefficient, which measures inequality of wealth distribution.
Excellent commentary. Some eye opener information.
Good video overall.
You both look great together 👍🏻
It would be good to look at the comparative weakness & threats, and how sustainable are the growth engines - whether the model is going to last, survive, in the challenges thrown up by time, nature & developments.
The other side of wealth creation is wealth distribution.
I feel, we should contextualise the topic based on Indian scenario. Our biggest benefit is also the biggest challenge. Population. Basically India can get richer , sustainably only when per capita GDP grows. For that three very important priorities should be
1. Skill/ unskill people
2. In immediate term, focus on sectors which can leverage semi-skilled /unskilled workforce
3. In long term, focus on skilling/upskilling its manpower on innovative and differentiated sectors / trades.
For all this a clear policy for atleast 10-20 years should be framed. It's important we fuel growth in current context of opportunities as well as keep building our strength from a long term sustainable standpoint.
First you could and should do both and All that help India. But the mot important thing is fully utilizing your advantages, which is the cost sensitive low-end manufacturing. The guy is trying the Run, no flying, before able to Walk. The girl's approach actually was what China did for solid reason.
We need to look at climate goals as well. We need to be net zero by 2050 as per Paris Agreement. Manufacturing sector utilize lot of water and technology currently is outdated which will have impact.
You guys rock , lovely discussion, thank you
What akshat says is where we should go.
Mrs Akshat is showing how to better go about to be sustainable long term.
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Can't deny any but agree with Mrs akshat at this point
Really nice information, case studies and exchang of opinions.. Learnt a lot! Well the important aspect is to not only focus on becoming rich country but rather sustainable growth where the quality of life of each and every individual is positively impacted!
Once our per capita increases to an even level our GDP will be very massive due to the population. We need to ensure there is opportunity for everyone and we are on the way. Per capita is far away now, but started moving forward. Thanks to massive initiatives by the current government. We may need another 5 years to see drastic changes. Infrastructure and foundation is laid out well. Private sector will massively build on that - which will be non linear.
Sir, I think mam left the second question you asked to her ....... can we directly jump to services sector by escaping manufacturing sector???
Superb analysis. Very enlightening,thanks ❤
In my view, the real standard should be used in puechasing power parity...while america might have high per capita but the things are also very expensive compare to India.
Both contributed well.was very informative ❤
Congratulations For Fantastic video Akshat and Ayushi , You make a video with Hindi language for other people.
Thank you
Key point which could settle the debate on - whether to focus on low end or high end manufacturing is - 'labour productivity and continual training'. Low end manufacturing create mass employment of low-skill workers and create a kind of status-quo with no improvement. High end manufacturing requires very high skill which only few in country like India afford to aquire through costly high education and post-education skill trainings. What Indian government can do is initiate a goverment funded large scale national program for training and skilling which can accessed for FREE by all compnies alike - micro, small, medium or large to improve productivity of their manpower. Indian government can hire industrial skilling services companies from Germany, Japan, Malaysia, Korea, US, France etc. to be a part of this free national program for industrial labour training and skilling. If one can take example of textiles, what it can do is start a revolution of custom-manufacturing on very large scale instead of dichotomy between low margin, low value-added mass products or highly specialized, high cost luxury products. If India focus only on innovation in services sector, then in absence of meaningful action on 'labour productivity', manufacturing can't keep up. Also it will stop flight to abroad of not just highly educated but even semi skilled people which is the trend we see growingly in India. Highly enterprising and hard working people emigrating to other countries is majorly the outcome of lack of 'labour productivity'. Both - investors (owners of companies) and semi skilled workers these companies employ are not happy. Root cause is same - low labour productivity reduce absolute profit and growth of organisations. Employers are not happy with low productivity of its labour and is unable to invest in costly training program for its workforce. Result is low profit entails low wages. Low wages and no career growth in turn makes workers unhappy who too think of emigrating to countries where they could improve their work outcome and overall life.
V Good information,Akshat & Ayushi.
Excellent discussion, totally agree that Education is the key. But when we are governed by illiterate politicians, this will not help us to achieve this goal. Also in the opening segment Ayushy raised a very significant statistic about India’s per Capita Income. Finally, there is no way we can compare ourselves anyway with Singapore or try to emulate them. Our culture is so complex that this in itself is a barrier to our growth. Nations that are homogeneous are at an advantage. And instead of try to unite us the present dispensation is busy in destroying our plurality.
Inclusive development is very pivot in the progress of any country and policies and law makers must be unbiased.