‘Trend economic growth of 8% for India looks unlikely’- Axis Bank Chief Economist Neelkanth Mishra
Вставка
- Опубліковано 15 вер 2024
- In this freewheeling discussion on the economy, Axis Bank chief economist and part-time member of the Prime Minister’s Economic Advisory Council Neelkanth Mishra speaks to Deputy Editor TCA Sharad Raghavan about why 8% growth looks challenging, the headwinds faced by the economy, and how to overcome them.
---------------------------------------------------------------------------------------------
Exclusive content, special privileges & more - Subscribe to ThePrint for Special benefits: theprint.in/su...
---------------------------------------------------------------------------------------------
Connect with ThePrint
» Subscribe to ThePrint: theprint.in/su...
» Subscribe to our UA-cam Channel: bit.ly/3nCMpht
» Like us on Facebook: / theprintindia
» Tweet us on Twitter: / theprintindia
» Follow us on Instagram: / theprintindia
» Find us on LinkedIn : / theprint
» Subscribe to ThePrint on Telegram: t.me/ThePrintI...
» Find us on Spotify: spoti.fi/2NMVlnB
» Find us on Apple Podcasts: apple.co/3pEOta8
Few people can explain macro and micro economics like Neelkanth. Absolute GOAT
Fix the Judiciary! Millions and millions of pending cases , a great many involving land and credit. This is not some external factor to growth. Why cant the problem of Judicial capacity and quality be resolved?
Because Modi isnt interested in solving any of these issues
@@counterpoint9260 I don't understand him. He really needs to forget about upcoming elections and consider what does he want to be remembered for?
Only one good thing modi did was removing 370. Even there not giving J&K its statehood was a really bad move. Most other things were good in theory but were implemented horribly.
Justices of several High Courts have complained about lawyers leaving High court positions, because of their dissatisfaction due to Union govt inaction to provide to fill court staffing & appointments.
CJI has said that it is already difficult to find lawyers to fill judicial vacancies in High Courts. Just 25 High Courts are handling 42 lakh pending civil cases.
411 of 1,080 High Courts positions, have not filled in 10 years. We have just 25 High Courts, but they have very few court/support staff & limited high court judges.
There is only one court staff in Kerala who is responsible for their state High Court to file/report the case to union govt in Delhi. Just one person for entire state to file lakhs of civil cases.
25,628 judges for over 4.7 crore pending cases in the country. We have 21 judges for a million. The Chief Justice can't solve these problems in 2 years, that govt is unable to do so in decades.
There are very few civil courtroom infrastructure & office basic facilities. The Chief Justice N.V. Ramana said India's lower court infrastructure does not even meet the lowest basic min standards.
The opposition will go say any reforms in judiciary is attack on judiciary.
And the judiciary itself doesn't want change or accountability, they are corrupt to core.. longer the cases take more money for them.
Neelkanth Mishra needs to appear more and more in mainstream media. Very thoughtful perspectives.
Why does not the media, including programmes in this space, discuss in details the role not played by the states in nation building? A federal republic lie India can’t depend only on the central government to deliver progress including jobs. fault the states and hold them too responsible for inaction… well, I can sense you will not do it
Wonderful discussion. Very balanced views
This is why I love thePrint - level headed discussions and analysis.
Excellent podcast. Neelkanth was also spot on on the remark of decentralization. It is time everyone in India realize that the issue is with the states. States in India are so far backward/shortsighted in their political engagements that the analysts often forget their role in Indias overall growth and keep commenting on the union/central's role. Its a fallacy to think that a strong central mean less decentralized growth.
Complete Indian economy lesson in one video. Great Sir
Elephant in the room is corruption which no one talked about.
Neelkanth Mishra is gem of a person and economic, investment expert.
16:29 question : our people are low skilled and low income how to improve their income? Reply : let's hope there is some magic by which things become cheaper just like technology made banking in rural services cheaper. These experts believe we should build infrastructure to support 50 trillion economy but investing in people who are going to make this economy needs to rely on technology innovation.
Indians don't want to improve their skills, it's evident when half the govt jobs are filled with incompetent half score dimwits.
Did he not talk about health and education infrastructure?
Looks like at least some Indian economists understands reality. Population size is more of a challenge than an opportunity. And a growing one is twice the challenge. Indian today has a problem giving them jobs and progress, in 2 decades India is going to have a problem feeding them.
Population growth in India is not because of Indians. India needs indians. Are able to discriminate.😂 vande matram
Great conversation without any political gossip
Excellent questions TCA. This was valuable information. Thank You All.
Aim at 5-6% consistently is better than aiming for 8%
Without 8-10%, we will NEVER catch up with China.
5% is what China is growing now - that is after decades of 10% or near 10% growth rates.
If we are expecting 5-6% growth rate now, when we have a very low gdp percapita, that means our growth will stall before even reaching 10,000 USD GDP per capita and will be in middle income trap.
Our growth is a wierd one, it is not creating enough jobs and SME sector isn't seeing adequate growth.
Good discussion!
Great conversation 👍
Oh my goodness. Nice analysis brother.
Learned discussion- thanks. 👍
When is someone going to come forward and discuss the negative impacts of rampant corruption and dynastic business practices?
indias growth on average under modi is less than 5%. this sarkari economist should admit it openly
Talk to any owner of SME, they are all struggling, its disheartening right now.
Empowerment of District and municipal governments is the new need of the hour!
In addition centralisation has hurt economy very badly, specially opposition states. Inequitable devolution of funds, deleberate political instability created at state level, stoppage of central funds, etc are the real problem. Shortage of capital vs surplus of labour is complete bovine manure
Which state? Those states are wasting resources with excess freebies for election win
Did any minister tell you ? All these economists will change their views on a daily basis depending on how the stock markets function. Coming to the devolution of power each minister has to carry out the vision approved by the central cabinet headed by the PM and each minister has adequate power to function within their power. Furthermore the PM ensures that the ministers function transparently especially when awarding contracts to avoid misuse of power or corruption. This is the reason why no nepotism or corruption could not be established by anyone either the media or the opposition. People like you, it seems, wanted mega corruption scandals which were the hallmark of that Maino led UPA government.
Are you referring to the private conversation you had with them? Can you corroborate them with any evidence?
@@akrishnan1382 H D Kumaraswamy is son of H D Deve Gowda,
Jyotiraditya Scindia is son of Madhav Rao Scindia,
Kiren Rijiju is son of Rinchin Kharu,
Raksha Khadse is daughter-in-law of Eknath Khadse,
Jayant Chaudhary is grandson of Chaudhary Charan Singh,
Chirag Paswan is son of Ram Vilas Paswan,
@@akrishnan1382 J P Nadda is son-in-law of Jaysree Banerjee,
Ram Nath Thakur is son of Karpoori Thakur,
Kinjarapu Ram Mohan Naidu is son of Yerren Naidu,
Jitin Prasada is son of Jitendra Prasada,
Rao Inderjit Singh is son of Rao Birendra Singh,
Piyush Goyal is son of Ved Prakash Goyal,
Ravneet Singh Bittu is grandson of Beant Singh,
Anupriya Patel is daughter of Sonelal Patel,
Kirti Vardhan Singh is son of Maharaj Anand Singh,
Kamlesh Pasawn is son of Omprakash Paswan,
Dharmendra Pradhan is son of Debendra Pradhan
etc
@@xxyz2023Nice Whatsapp forward copy pasta 😀
But who cares?
Most of the people you mentioned are not even big leaders in the party, some are not even elected representatives. Ha ha
@@noneoftheabove666 Not even elected representatives but who cares?
We need strong social benefits and direct cash transfers. Thus would pump up wages and incentiveze technology
Domestic sales ( and production ) will grow only if there is a robust export sector at the margins which keeps bringing in new technology into the domestic market. I dont think one can play down the export competitiveness as an important driver to expand domestic sales.
3 to 4 times increasing prices gives jump to growth n unwanted product demand creation gives growth to gdp all rich games
When you've economist like this person you do not need any competition to take your market share- it will go down without it.
I do not agree china exports is 1/20 of its 20 Trillion $ economy. Possibly he he saying the present status of china and not the bill run past 20 yrs before covid
Nice ❤
“India is a country where people are burdened by a system that thwarts progress.”the prominent investor Charles Munger said, when asked about the prospects for the nation’s economy.
He may not be well informed on India. His views are based on how he can invest large amount of money and India was not large enough for him to focus at that time
@@ckakunje His issue was 1. Bureaucracy 2. Being short of skilled workforce comparing to China where there is ample of high skill workers for manufacturing industry.
The interviewer just nods his head and accepts sweeping statements made by the speaker, when the speaker is explaining the "reasons" behind the slowdown. I expected the conversation to be probing and thereby insightful for the viewer, rather than a monologue. The guy is answering as if everything is clear like in the hard sciences (like math), with Sharad Rahavan nodding his head as if it couldn't be any clearer.
People have failed this country. Govt has failed and beaurocracy has failed
Watch at 1.25x.
i watch at 2
Sir , govt has reduced spending due to election 🗳️ etc now there is no investment of private is seen . So my question GDP number is farce , at ground level there is not much growth of companies so where is gdp numbers coming from? .
Prime minister says one thing does something else, totally opposite.. he is absolutely against devolution of power, he doesn't even share power with his cabinet forget sharing with district
Rightly said brother
What's stopping all the Chief ministers from devolving power? .. Why the expectation only from the PM?
@@arunsar7893 example is set at top
@@nvspraneeth901 Fair enough. Just so you know, Centers power are quiet devolved to the states. It's the states which need to devolve power to the Cities and Districts. That's where the problem is. That's the reason India's urban infra is f**ked.
With our huge (and cheap) labour force, our growth numbers should be in double digits lol
A lot of the labour force is unskilled and malnourished.
Lee George Robinson Jessica Wilson Donald
jisse o, ozij joa 🤭😅🥕(❁´◡`❁)( ✧Д✧) YES!!(❁´◡`❁)(❁´◡`❁)(∿°○°)∿ ︵ ǝʌol◌⑅⃝●♡⋆♡LOVE♡⋆♡●⑅⃝◌ちわ～v(￣∇￣)v(*･∞･)ﾉ。ԅ( Ơ∀ Ơԅ✿)❤ちわ～v(￣∇￣)v(*＾＾*)//ԅ( Ơ∀ Ơԅ✿)❤(*･∞･)ﾉ。𓃰𓃯𓃯𓃬☆(ﾉ◕ヮ◕)ﾉ*♥*♡∞:｡.｡ *+:｡.｡ ｡.｡:+**+:｡.｡ ｡.｡:+*(๑ ⁍̥̥̥᷅ ᴈ⁍̥̥̥᷅)人(⁌̥̥̥᷄ε ⁌̥̥̥᷄ ๑)ｰ(๑ ⁍̥̥̥᷅ ᴈ⁍̥̥̥᷅)人(⁌̥̥̥᷄ε ⁌̥̥̥᷄ ๑)ｰ૧(ꂹີωꂹີૂ) ( -̥̥̥̥̥̥̥̥̥̥̥̥̥̥̥̥̥̥̥̥̥̥̥̥̥᷄◞ω◟-̥̥̥̥̥̥̥̥̥̥̥̥̥̥̥̥̥̥̥̥̥̥̥̥̥᷅ ) （Ω Д Ω）(´；д；`)(-̩̩̩-̩̩̩-̩̩̩-̩̩̩-̩̩̩___-̩̩̩-̩̩̩-̩̩̩-̩̩̩-̩̩̩)☆(ﾉ◕ヮ◕)ﾉ*(❁´◡`❁)(❁´◡`❁)✙𓃡𓃱𓃯🐻media.tenor.com/bF80Hx_ihvcAAAAM/chizuru-mizuhara.gif🙊🐣⛳😅😮😂😂😢😢Yz iyjoo hu jj j🥏🐦
Bhakts bhi like fir bhi aega to Modi hi 😂. Man even if Modi is harming them they will still blame congress.
Librandu after khata khat in Himachal and Karnatka~ Modi ne desh bech diya 🤡🤡
Tell me that you didn't understand any of his arguments without telling me anything. Clown!
How will you explain fools in Congress impacted our growth for the last 50 years also allowing China,Korea,Taiwan to go ahead? Modi is now correcting all Congress mistakes and bringing back India into a track.. Fools like you are in fools paradise..
Khatakhat khatakhat!
That is because people can see how the Congress governed states are being run.
@@noneoftheabove666 yes..pappu gandhi strategy is to give away all the money bjp government able to build in exchange of votes.. And slash the economy, make India equal to Pakistan,srilanka economy situation with no food and essentials finally.. Them finally he can go to his friend China for begging..
Is he an economist? Sounded like armchair economist graduated from Whatsapp university 😝😝😝
Please feel free to jerk off to Jayati Ghosh. It's quiet clear that you already do.
atrocious arguments.
Is he an economist? Sounded like armchair economist graduated from Whatsapp university 😝😝😝
Still knows more economics than 🤡 like you 😅