Interesting analysis. However, you missed two important differences. One, India net exported engineers, software engineers in particular, to the West. Brain drain? Second, the carry traders in the US took the billions that the FED in the US made available thru their quantitative easing (QE1,QE2, etc) program and moved it off shore buying Chinese bonds that were not selling well because there wasn't enough world wide demand by foreign investors in the private sector at the time. This also explains why the QEs didn't add a lot of inflationary pressure to the US economy. The carry traders moved most of it off shore flooding the Chinese economy with US dollars. Billions with each QE. This also explains the growth of the Chinese real estate sector bubble as Chinese banks struggled to find places to loan the bond money out. This was one of the better analyses that I've seen. Keep up the good work.
Oh, by the way, the net export of H1b engineers to the US flooded the market suppressing wages in the US. That in turn displaced American engineers. Many of which left or telecommuted to China causing a brain drain here in the US at the time.
About 15 years ago, I started a company in Xi’an, China. All the paperwork took about 3 hours. The local government even assigned a clerk to walk through the whole process. 3 hours later, I had the license, bank account, and office lease agreement. And the local government even ordered a company name plate as a gift.
@@enriquemino9963 3 Hours is way too quick. That’s just dangerous. Leaves the process vulnerable to fraud, corruption and tons of new small companies selling unsafe products because they haven’t been vetted properly
This so true. Cuz Indian talents once gone overseas would NOT return to invest back in their own country. Cuz they know they do not get the pay and quality of life that they experience overseas. As compared to China's returning talents that builds China and is largely nationalistic too.
Nxt factory of the world for sure! History will repeat again! most richest persons and cities in the world will be indian in the year 2030! if you laugh in my comment then you are fool because you have to wait until 2030!
Have you been in China at a "local level"? Buddy, ask this reporter about the dangling real estate crisis that Xi is nursing. China and India are different. Xi will go if the unemployment explodes. Westerners and media have no brains nor do they have conscience. This is crap
Right, you are an Indian from India who speaks perfect English, who spent his entire life in India, but it took this video for you to realize what is going on. Mu ha ha ha ha. Either you are so daft that your opinion should be disregarded anyways, or this video is propaganda from a scared CCP and you are on their payroll. Frankly, I think it is all of the above.
@@Dreadwolf3155 A difference of Few millions is not huge demographic advantage. India surely has a younger population but this becomes irrelevant when you see the conditions of the education that we give them. There are paper leaks in entrance exams and university syllabus is out dated, where students in eu and us are studying AI Machine Learning and Data science India students are thought regarding technology that are not in use or knowledge that isn't demanded by job industry, causing a huge unemployment causing students to look towards getting stable secure jobs in the government. Our healthcare system is even worse.
I'll give a small example. I live in a small city in a central province of China. One day, on my way to work, I noticed that a municipal pipeline was leaking a little. I called the mayor's hotline to report the issue. By the time I finished work, the problem had already been fixed. The next day, I received a message from the municipality thanking me for my contribution to city governance, and they also credited my phone account with 30 yuan.
ROot problem in india is They r heavily divided Caste( unique discovery)😅 Religion Gender Kala gora nata lambu Misplaced respect to anyone Hawan karenge namaz padhenge😂
India and China could not be more opposite. India has a positive reputation abroad but when you get there you are shocked by the abject quality of infrastructure, pollution and disorderliness. China suffers from negative PR yet when you go there in 2024 you are shocked how clean, high tech and smoothly things run. Our perceptions are all topsy Turvy lol.
also we have the impression that places like Germany and Japan are high tech and well run, but you speak to people who used to live there you hear stuff like you still need call to book appointments, go to post office, using a fax, and more places actually requiring cash than youll think
I started an amazon business in Canada so I had to go to China to source the products. I booked a flight to shenzhen for a week. But I was done after the 2nd day. Efficiency there is like no other. ?You want something done and its already waiting for you.
@@srdshukla4it’s because we have no openly visible tracking system of anything in public domain. Also, govt job people mindset of not doing work. Don’t worry time is changing for India 😅
this is why ur forefathers were dying in sea to reach India and found murrica, and it is chinese who are crossing the mexican borders and india didnt became american slave to produce cheap products for printed dollars
sure they didnt care about u, some foreigners with half pants and glasses and u r mad about it, chinese have been known to be american servants again Russia since 1970s
Indian here. You pretty much hit the nail with your analysis. All the initiatives are often directed from the top and have not been effectively implemented at the grassroots level for a long time. Since Modi's tenure began, there has been a focus on infrastructure. But he failed to make any impact on Education and Health which is not helping. Despite 75 years of independence, our system remains top-heavy and even minor tasks like repairing a pothole in a rural road require approval from the state capital, which could be 500 kilometers away. The division among the populace is profound, making consensus perpetually unattainable. And on top of that there is corruption at every level. Despite this we are growing at a respectable rate. That itself is a miracle.
I agree with a lot of your points. But growth needs to be viewed in the context of inflation. Government figures of inflation are 4.75%. So if you are growing at 7.00% your actual growth (after elimination of effect of inflation) is only 2.25%.
"lawda ka anaysis" look,when you have targetted the religion of "hindu" and called the caste system then you have showen you are already biased. see,how israel is improving and improved,will indians take action against muslims? i am talking about the common indians,and the answer is "no". jitna minorities ka pyer chato khangress ka tarha
Indian here. You are right on every level. The problems with my country cannot be blamed to just government, I believe an equal share of the blame is on judiciary. The courts are slow, weak, inefficient and skewed towards the powerful and prosperous sections of the society. Another BIG problem is no one takes any accountability here, everyone just keeps blaming each other like a circus. Until and unless we as a society starts acknowledging all our problems and start respecting rules, we will never be anywhere near China.
The problem with that is that no amount of people who wants to solve the problem banding together and saying "we" acknowledge our problems, the problematic people aren't a part of that "we". Accountability must be imposed on someone by someone with the authority and power do to so. This means that people who want to solve the problem need to obtain power. That simple.
@rupanjan What you commented, sounds that India replicated US perverted sense of democracy. US racism is equal to India caste system, they can't overcome this sense of superiority complex.
I work with both india's indian and china's chinese, the different in work ethic is too obvious, china's chinese work so fast and reponsive, while india's indian is too slow to follow instruction, then I also work with malaysia's indian and malaysia's chinese, both are equally great in knowledge ,work ethic and so friendly also.
...Western slavery(Ghulam) and corrupt parliamentary democracy destroyed naturally rich India forever..........(Terrorist country America wants to rule over India now).." America is World´s biggest terrorist country and threat to the World peace"- Noam Chomsky( American Author)..... Al Qaeda, Taliban , IS etc all terrorists groups were created and funded by American CIA and Pentagon to dictate Middle- East, Gulf nations etc and loot Arab nations vast petrol reserves forever ..........
India's problem is trying to compare itself to China. China didn't become the oldest continuous civilization on earth by being just another nation, China in a league of its own. Compared to every other country India's not doing that bad, and India will almost certainly become the world's second largest economy. Of course US will not give us its #2 spot easily, so it's how to fight past America that India really need to figure out sooner than later.
Democracy doesn't work in a poor country. Some people won't like this but it's the truth. Those examples that you gave whether democracy worked, are misleading. Japan got rich due to US aid. Germany, Italy already had an industrial base to build on since they were monarchs. China wouldn't have been what it is today had it been a democracy.
You are absolutely correct. Democracy will come when people are ready for it. The most important things right now are widespread prosperity, an orderly society, and a well-educated population.
Democracy doesn't work in ANY country. Democracy panders to the lowest common denominator, and it didn't even work in Athens, when the only people who could vote were rich males. None of the Athenian women or slaves could vote. And the only reason they could vote in the first place was because they had so many slaves doing the actual work. It is no accident that the USA originally only had white male landowners voting while women and slaves were non-voting.
Having traveled to China and India, I will say that I cannot see a reality where India undergoes the hyperbolic growth of China, ever. China is a communist country, like the presenter says, and this comes with good and bad things, but the best thing is when the government sets their mind to growth, the economy will grow. Look at photos of Shanghai from the 1990s to now and your jaw will drop. India on the other hand has a very complicated and sometimes backwards system. I've worked for companies that do business in India and every time we try to get basic paperwork done in the country it's like pulling teeth. Any time we are tasked with doing something in India, it's like passing a hot potato in the office, nobody wants to do it, because we all know it'll be overly complicated or we'll deal with an Indian government official whose priorities seem counter to the objectives of the country. I do think India will grow, but we're talking 40 years before India grows to the size of China, I think.
Growing like China should not be India's priority. There are better things to do such as poverty eradication, environmental conservation, jobs creation, education improvement etc.
Good points mate but let me point out that communism has little to do with growth. Central planning and a good vision for many years is the key. This could be achieved under monarchy and it could be achieved in a winner takes it all democracy ala Singapore. Cuba is very much a communist country and there are no signs of growth.
Communist have their own version of corruption but the retribution was even terrible. Remember the events where there's Chinese general committed suicide instead of being arrested? Meanwhile in Vietnam which is also a communist country like China, a billionaire is facing death sentence due causing he bank to fail and losing the country more than 27 billion. Imagine that...meanwhile in the west, when banks failed the government bailed them out with even more taxpayer's money.
@@MaZ-tg7ch Cuba has been US sanctioned since the late fifties. A better example is Vietnam. I am amazed that despite years of war and destruction, first with the French colonists then superpower US, they managed to rebuild their country and economy on their own. Although Vietnam may not be as well off, they are not beholden to anyone. Like Japan and SKorea.
The Primary Job of An IAS officer posted as a Deputy commissioner is not to increase the GDP of the district, while the equivalent Chinese officer is to do precisely this. India needs ADMINISTRATIVE reforms more than ECONOMIC reforms.
My sister is a administration officer.. Her sole job is to butter her seniors to get promotion, create false accomplishments on paper, get money and sign the papers for Concerned political parties proxies, create toxic work culture inside department. 😂
@@shaikthegangsta: That is what I say. India needs administrative reforms. Earlier, our bureaucracy used to butter up Britishers, and now they do it to politicians and their bureaucratic bosses.
@@pardeeptandonread 2nd ARC report... The government have proposed reform but it's again on paper. It's not even about reform. It's about the word "Permanent job". Officer don't care about performance since their job is permanent irrespective of their job performance. Even if someone got caught while taking bribe or someone break the rule the officer will get transferred to another office ( and for that govt pay extra money for transfer) also if officer got suspended ( officer will get Half salary while sitting at home. ) Imagine officer having 150k salary got suspended and now getting 75k salary while sitting at home doing nothing... He would go on international foreign trip with family considering it as veccation lol.. and that too paid veccation.. but officer can't be removed from job... This is utter joke and no wonder everyone wants to be government officials... On paper they are answerable to people but in reality they act like that ?
@@s.a7255; Unfortunately, we are still administered by the same bureaucracy that the British structured to make us a pauper state from the second-largest economy in the world we were during the Aurangzeb ERA. INDIA NEADS ADMINISTRATIVE REFORMS more than any other reform.
I have some friends from India at work. The levels of corruption they describe make anything I've witnessed in the post soviet block countries look like innocent favours. They really need to get a grip on the local government corruption, get the courts under control. Without law applying more broadly to society they will never get the masses to power the machine.
You can't Soviet block countries rebuild society from the ground up after destroying the feudal structure, is India going to have a peasant uprising soon?
Yeah I was told a story about this guy here in the states on how he had to pay off so many just to get his buisness running. Then once they learned he was doing well they extorted him more. So he came to the states. Don't they also favor Indian businesses really hard too? I remember reading they tried that whole, "No imports. Only support our local buisness" model. The caste system is just wild to me everytime I read about it. Not just that, but I learned that they have a North versus South racism issue. Not sure how big of an issue that is for economic growth, but I can't imagine it helps the country as a whole.
I think your indian friends might’ve oversold you on the corruption part; corruption exists yes, but post-soviet levels is a stretch but it might exist in some of the poorest states mentioned in the video. The problem is actually bureaucratic red tape and just how slow it is to overcome
I work with both Chinese and Indian in my current workplace. The main difference I noticed between the two group is that Chinese people talk less and work more, and Indian people talk more and work less. Just my observation
As an Indian, it's not wrong. I feel bad to think about my country this way, but the levels of corruption, the absolute massacre of meritocracy, and good people being punished for being good citizens due to the absolute shit process of the government, no safety for women and children, backwards society. All of this contributes to the slowdown of the nation.
India is so proud of its "democracy" but at the same time, it fails to realize that the populist usually doesn't make the right decisions. It makes a decision that appease the voters by disregarding if it's correct or not in the long term. What generally follow is people who have votes usually want more shares and the "leading candidate" would have to compromise. Imagine compromising over and over, decades after decades, parties after parties with different people at the top. It's like many writers trying to continue the already existing storyline of an anime. Every person (or party) would have different preferences of how the story should be done. When it's said and done, it would be very different from what each person wants in the beginning. To make it worse, in most cases, the candidate usually being picked by rich people or corporations that have profit motive......
We don't have democracy we have elected kings that tend to be populist. Democracy can work without a paternalistic government. I.e. most Western European democracies.
china is a dictatorship where one man or a group can impose their will on a population of slaves.. this dictatorship led china to rapid growth in the last few decades.. but the days of rapid growth for china are over.. china will have slow growth from now on.. the ccp used the chinese population as slave labor to make export goods for the west.. all the money & technology came from the west to build these goods.. before that the chinese couldn't even build a decent bicycle.. western capitalists & chinese elite got rich by this model.. the relatives of xi jinping & all ccp elite live in the west.. the ccp has billions in assets stashed away in the west as well.. so the west has enormous leverage over china as all chinese elite are essentially puppets of the west.. look at the plight of common chinese today where the stock market is crashing, the real estate is collapsing & unemployment is rampant & rising.. the chinese dictatorships 1 child policy plus the rapid aging of chinese society ensure the days of rapid economic growth are over.. the chinese are getting too old to be used for slave labor.. the chinese dictatorship used an extreme growth model where the ccp elite got rich but the chinese masses are suffering & caught in a middle income trap from which they could easily fall back into 3rd world poverty..
my city in Shandong china, if you have any complain about the city, road, environment ect. you just need to call the mayor hotline, tell your requirement, there will be related administration bearu contact you within 24 hours, and the driect person in charge will be on line with you, to discuss your requirement and how they can slove it. After sometimes, if the problem sloved, then later the mayor hotline will call you back to ask if you are satisfied with the result or not. Everyone in our city can help to improve the image of city, this is just one of the advantage I want to talk about.
@@ihmpall I haven't been to many cities in India, but the Jaipur is the one city that impressed me compared to other cities in India, it has clean road and nice air to breath. I like that city a lot.
@@lihaiyang1120 I am Australian but if you compare today's India to 2007's China which had a similar GDP as that of today's India is very different. If you see the videos of Chinese cities in 2007 is very advanced as compared to today's India. Even China was able to host the Olympics in 2008. You should look into that and think about how big is the corruption still happening in India.
@@REALITY-bq7bp Difference is that the ratio of national owned enterprise and private company of these two countries. Foreign direct invesment comes to Chinese national owned company, but the invensment to India goes to personal account. Every country has corruption it's just in one way or another, but on the national level like China, the foreign invesment can be placed in a better way.
First of all, politics and economy or money are two very different things. The economy of any country depends on its middle class population, at what rate it is growing, how much their middle class population is increasing. And now the middle class population in China is stable, only their income is increasing, so China is largely moving towards slow growth. In USA this middle class population is neither increasing nor their income is increasing, hence the reason behind their slow growth. In Europe, this middle class population is declining and their income is stagnant, hence the growth is declining. In Korea and Japan, the middle class population is decreasing very rapidly and the income is stagnant due to which the growth there is also falling rapidly. But when we talk about India, the middle class population of India is increasing and their income is also increasing gradually and when this level will reach the level of China in 2000 which according to me will happen by 2035-40. Then India can also show growth like China and remember one thing of mine, there is a huge difference between economy and politics. And also remember, a company come to a country if the country has substantial amount of people to sell its goods first in same country then outside.
Young Chinese in China are just trying to make enough money to live and support their families if they make enough to even support one. Youth unemployment in China is quite high.
...you stated exactly the same idea held here... even more, if there were to be a war against India and China... hold no hope for India... and if there were to be one with the US... place no bet on the US with all its sophisticated weapons... determination and will-power... or as you put it... doing it for the betterment of their country... is what gives the Chinese the edge because it is more powerful than any weapon and cannot be killed by weapons... a lesson from Vietnam.
China didn't betray their Youth unlike India. India is internally fragile, emotions, caste, ethnic reasons can overpower logic and long term strategy. How can you do long term good if you worry about public pleasing every 4 years? Fyi china funds their youth to study abroad entirely to come back to china to build in China, where as Indian banks charge high interest rates to people who wants to study abroad
Another lesser discussed reason for ... Why? because of Democracy! & imagine if China was a democracy, its ideological borders would have remained open.. then the USA would have never allowed China to grow to this extent. USA would have caused riots, regime change, liberal charade to pull down China's growth. In India's case these things are also happening along with bad governance. For e.g:- In 2014 during the Sonia administration, a report by the CBI was put on Manmohan's desk. This report contained the names of more than 300 NGOs whose actions/protest has caused India's infrastructure to fall back as much as 15 years. USA knows there are only 2 countries which can match it and that is China & India. They couldn't control China because of Communism but have always maintained a strong hold on India because of democracy & values it propagates give their proxies a gap where they can covertly operate. See I am not saying there aren't other reasons but this is also a BIG, extremely BIG reason which NO ONE talks about that's why I mentioned it. Take Bangladesh for an e.g, they didn't do what Biden asked now their protest falered up so much so previous PM had to leave, coincidentally enough power goes to Yunus( a favourite of Democrats,Obama himself has rewarded him with highest civilian honour of USA, also a document was leaked by Wikileaks which contained conversation between Yunus & US govt. regarding Bangladesh so both have deep relationship) Another example is Pakistan, USA criticiser ex-PM Imran Khan is in jail, the Pakistan Army General who played a key role in suppressing Imran Khan has very close relationship with USA. So yeah, one of the reasons why USA (especially Democrats.. Trump was different he didn't covertly meddle in other country affairs) always try to sell Democracy and Freedom so much is because this type of governance give them access to setup institutions which can be used as proxy to control the Political, social and people's will within that country. I must mention I am not against democracy but Democracies remote control is in the hand of USA which isn't a good thing for other democracies. There are some deficiencies in democracy which need to be worked on but the problem is any change made in that direction will hurt USA's interest and their govt. will start calling that country pseudo democracy and Autocracy.
That seems like an exaggerated claim. Can you provide a credible source or study that supports this 95% statistic? Generalizations like these should be backed by reliable data, otherwise, they remain just opinions.
Also, 75% of women in India are unemployed. One of the keys to China's success was the mobilization of female workers in the manufacturing sector. It's hard to grow an economy when you exclude half of the workforce.
I was told more Indians don't want their wife to go out and work and also parents too don't want their daughters to go out to work. The reason is chances of taking advantage by other men or even getting rape is very high. So, they prefer the women to stay at home doing household works.
Hey bud I’ve been watching you over a year now- always highly informative. I’m an Indian and it’s fascinating how well you’ve captured what we instinctively have felt for a while
He forgot one key detail that while Chinese mainlanders are known to be rude and unhygienic themselves, nothing beats India when it comes to their rivers and rape.
Actually if you look just at West India (Gujarat and Maharashtra) or South India (Madrasis) those regions growth have surpassed Chinas equivalent growth rate at the similar period. It’s only due to East India and the glut of North India particularly cowbelt that India lags behind China
@@debodatta7398 That isn't news. That's been the case since independence, and frankly even before independence. The so-called BIMARU states even literally have an acronym for themselves that encapsulates that.
If India was less arrogant, it could work with China instead of against China out of jealousy. Modi rejected BYD investment into India last year. Now BYD has invested in Europe instead 🤦🏻♂️
@@vervetech9395 So we should lose our people to China? It already illegally administraters a part of India and claims a whole state. We'd rather be poor than betray our people for money.
Few observations about this video and the comments:- 1. This is CCP sponsored video to ONLY denigrate India as a place where only wrong is present. 2. Most commenters are Chinese/ Taiwanese nationals or immigrants- again mostly on CCP paycheck. Few commentors pretend "As an India, I also agree... I also hate my country..." again most of these are Chinese or other foreign nationals who have no other benefit trashing India other than being paid. 3. Within a couple days of video, far more views and comments, All OF THEM EXTREMELY NEGATIVE. Why would Non Indians benefit from downgrading India, even if they DO NOT LIVE there ? 4. Timing is just when there are attacks by Pakistan sponsored terrorism and cross border violations by pakistan army (again Chinese link). 5. Title is misleading. Which economists? What are their credentials ? Rajan and Devesh are known Soros agents and all of their predictions went wrong. They have only mocked the poor of nation and even wished for their eradication. With money you can sponsor any bullshit crap video, pass it off as study and a reality. Expect more such Anti India, anti Indian anti incumbent govt videos which give an exaggerated and distorted 1-SIDED VIEW ONLY. Because that is in Chinese interests. This channel itself will churn out many videos in the weeks to come. I BET YOU, JUST WATCH OUT !
Those 2 areas you also cannot beat China in. China is probably the world leader in corruption, so much they even developed it as an export industry and yes indeed the politicians there run the largest organised crime syndicates, which they have also developed into an export industry.
@@rak24ron Why is my country not like this? It is very efficient and will catch corrupt people. There are corrupt people in your country too, why don't you crack down on them? And it is efficient only if you pay them. This is very wrong. Not every country is like India. Yours has been rotten since the beginning of the rulers.
Agreed, even hindi is only spoken in some state while other state don't know Hindi. Politics are always revolving around religion. Crimes are increasing at alarming rate.
Having been involved with China since 1992 , (we built more than 100 big ships and repaired more than 500 ships all over, and having been involved with the groth of the popular marathon movement) I had the opportunity to witnes the growth of China, and having visited key cities in India several times for business during the same time, yes I absolutely agree. The Chinese miracle can not be copied or dublicated by any other country. Culture, education, way of thingking and finally the "socialism Chinese style" of the governing sysyem is what has made China what it is today. Full stop.
@@peliculiar definitely not via the culture but in the way there is no private property and its a very centrally planned economy that revolves around the government.
@@porcelaincrown CCP owns everything but CCP ≠ China. There is an unheathy competiton among their citizens, low trust society, scams everywhere you look at. When I imagine socialism, I imagine equality among people and safety nets for the ones in problems. There is nothing like that in China, even USA is more socialistic than China in this regard.
@@peliculiar which way? everyway, like government is communist, house's land is owned by government, public sector economy is 30%, CCP will interfere with the economic structure, top rich can't control Chinese politics, but there's only one thing that China isn't so socialist, China embrace free trade, market economy and globalization, so China is Soviet+Japan mixed sociaty.
Being an Indian, the last thing I want is for my kids to live in India. The corruption.... well how should I put it. From traffic stops to BSNL offices, from Tehsildar (when dealing with land) to even doctors and even schools (yes they do take bribery), every single aspect of your already awful life in this country is made even more awful.
You are first Indian I have come across who is not singing praises of India. All the Indians I have ever met can't stop extolling the greatness, beauty, and development in India. It seems that most of them are living in nationalistic euphoria. They are proud of EVERYTHING. Even when our friends pointed out some of the bad things, they retorted by saying that the US and other countries are either the same or far worse in those aspects.
@@QabilAGhor if people doesn't know their flaws how they correct them . I know every country has some pros and cons but focusing on too much on pros make an illusion of everything is right even when it's not . Problem with Indian they don't take criticism as a problem to fix rather they make a mindset that if anyone say something is wrong then they are anti - nationalist that's why you can't have a proper conversation about the problem which country has been facing.😶
I came to the US in 1985. It took about a week to incorporate, get a bank account, and sign a lease for the office on 7th Avenue. At that time, I was impressed that I didn't have to bribe anybody.
It is ignorance if anybody thinks that to open Bank account and signing agreement needs a .bribe. I think this video is created to praise China and undermine India.
Of course US is also efficient.. if it wasn't, it would become the worlds super power. India is just a wannabe. As for China, they are efficient. But being a police state is not inducive for innovation and creativity. So lets wait and see how far can they government push China up.
Yes, the biggest problem in India is systematic corruption, which somehow is not mentioned. Yes, the caste system is alive, at least in rural areas but the impact is not as much as he mentioned. Or at least, in the way he mentions it. Tenders are floated by the government by thousands of projects. Often the lowest bidder wins. Let's say it's a million dollar project. Someone will quote 900k and win the tender. He will pay all the government officials (and trust me, there are a shit ton of them all along the way), local and big politicians, some local goons too and all the civil engineers supervising that project to NOT look at all the shoddy work they will be doing on the project. Maybe all of them will take 300k, the company will keep 300k and if luckily for us, might spend the rest of 300k on the project. Now, this is just one area. That's how it is in every area in India. Until this changes, (which I don't see happening anytime soon), most of the working class will continue to live paycheck to paycheck.
Let me tell you the secret of the success in China: 1. the entire country works as a giant corporation. Xi is the president, premier Li is the CEO and the ministers are CxO's. Each province is a branch. The communist party is the HR system. 2. For thousands years, the mainstream ideology is a philosophy - Confucianism, Chinese always pay a lot of attention to the education, and work very hard, very discipline.
The ideology of Communism -- of paying those who do the actual hard work MORE than anyone trying to profit off them such as managers or executives - was ALSO a big positive for China's economy.
@chenmacro "Let me tell you [...] work very hard, very discipline." =========================================== ON THE OTHER HAND, innumerable Indians want to: 1. IMAGINE that their culture (i.e. Hindu culture, SO-CALLED Sanatana Dharmist culture) has been the ONLY 'advanced culture' noble, ethical culture, 2. IMAGINE that all other people around the world have been either dullards and/or unethical crooks, 3. keep squabbling over irrelevant things like religion and caste (SO-CALLED Jati, SO-CALLED Varna system). 4. keep playing the victim-card. *This problem has become much more severe since 26 May 2014 C.E., and continues to be so as on 11 July 2024 C.E.*
why people can’t stop comparing these two countries? their difference can be the easily explained when people are looking at their olympic medal numbers 😅
I am Indian by birth, but I came to US very young and lived with Americans for most of my life. I tried to start a business with some Indians, but I noticed they were quiet emotional and improfessional with their approach. I have done business with Chinese, and it's always been a decent experience.
Buddy, compounding interest is very powerful. Yes, initially, the higher economy will grow more raw figure wise, but it won't take long for the smaller economy to overtake the larger if it grows consistently at 7%, while the larger grows at 4%. Model it on a spreadsheet and you'll see.
@@MountainPork22 I just did the modeling on a spreadsheet, with China at a 4% growth rate and India at a 7% growth rate and the USA at a 6% growth rate. As it stands today, it would take India around 75 years to even come close to China.
@@CombatHD3 Assuming China's GDP is actually real and sustainable. With increasing evidence to the contrary, such as the constant power cuts and the increasingly creaky infrastructure and its serious social problems, I doubt the GDP numbers are correct.
@CombatHD3 75 years in human history is nothing. Also, I believe a few years after it would overtake the country that started off 5 times larger. China took about that time to get where they are now from 1950s and most people wouldn't argue the growth was miraculous. The original commenter said the gap would still widen, I am saying that is not true. Gap will close, growth rate is king, not where you start.
As a Chinese who worked in a global company before. I have lots of experience to work with India engineer. They are more focus on report work rather than do the work. Sorry say that. But this is just my thought. Maybe because the culture is different.
In India people who are incapable of running grocery shop into profits are getting elected into governing positions and are incharge of huge provinces! How would anyone expect that those provinces would actually grow!
Businesspeople tend to make for very poor politicians on average due to the starkly differing incentive structures, so this isn't really a fair comparison. What's more important in general is for elected officials to understand and capitalize on the value of long-term investments that take years to pay off rather than immediate, targeted payoffs and for the population to understand the value of the same. That requires broad scale education in civics and economics, something which is difficult to come by in a developing economy, which means that officials often have to take a leap of faith that the long-term benefits will help their chances of staying in office and outweigh short-term opportunity costs.
Seemed many foreign scholars and analysts failed to highlight the critical success factor in China development miracle in the last 30 over years is the good and stable central government which orchestrated the country STEM education, HRM development, attracting FDI, industrialization road map, financial policies and ensure the execution at the local governments. China is able to overcome various hurdles in the execution of their program e.g. the land is essentially public owned. So, the land required for development would be easily accessible and the stakeholders are informed and relocated if necessary.
Well if they did as you said, it’d be like acknowledging the merit of the political system of China, which will go against their narrative of universal value…
That's because if those scholars bullet point the true secret sauce of China's success, they will be labelled as pro-CCP, thus cast out off the academic circle.😂
@@desmasicbro can you get a reality check? Nobody is eating sewer oil in China. That’s a false incident in China that was blown out of proportion by western media. Oil taken from recycle was for refinery for biofuel and other products. You just can’t get past your hate about the success of China. Meanwhile in India 60-80% of the population still shit on the streets
@@desmasic I have been to China, and China has surpassed the USA. Not a single beggar or scammer came to me. Their cities are beautiful and clean, unlike India.
The actual solution: Socialist revolution (Marxism-Leninism). Indian and Western "experts" and "academics": NO WE NEED TO JUSTIFY OUR CAPITALIST SYSTEM AND LIBERAL DEMOCRACY, LET'S BLAME MUSLIMS AND CULTURE! What made China big: A socialist constitution. A communist vanguard party. A meritocratic political system that puts competent people in charge. Ensuring that leadership has a lot of scientists. True democracy where most politicians come from the working class. Survey-based politics. Strong central planning. Focus on education and infrastructure. Non of which would have been possible without communist revolution and the removal of the bourgeois class from leadership positions. The funniest part is that the guy in the video never even asked Chinese economists how they did it. Instead, he asked other Indian/Western capitalists. And that's why India (or the West) will never emulate China's growth story (which happened thanks to COMMUNISM) - they don't try and learn from China. These "experts" go to great lengths to describe what China achieved: Better education, better infrastructure, etc. but never bother to try and understand what made it all possible (communist leadership). Another funny part is the Western understanding of history here: "China liberalized its economy". No. Socialist countries always have free economies. What happened is that China tricked the US into allowing it to join the WTO which meant it was finally allowed to trade on the international market. It isn't China that liberalized... it was the imperialist world that liberalized. Turns out that when socialist economies are allowed to compete freely with capitalist economies... socialist economies always win. That was Deng's genius: Making Westerners believe that they were liberalizing while really maintaining tight control over everything. By the way: "Attracting FDI" is a ridiculous lie trying to promote the idea that countries must allow foreign countries to buy up their industries and resources - FDI only makes up something like 1% of the Chinese economy. China also only allows foreigners to invest into some publicly listed companies... and when you invest in Chinese companies you get zero rights to the companies, no voting rights whatsoever, it's just a profit sharing scheme. FDI is mostly a diplomatic tool.
Half indian half serbian here. I must say its only once i visited india (dehli and mumbai) and i will make sure thats my last time there. Places are so dirty air has so much pollution, infrastructure is ass traffic is everywhere people are everywhere, overall it was a horrible experience and i like it so much better here in poland (its where i live)
@@factsmedia1702 I am going there again for family function in Keraala and will be visiting northeast India and probably Himalayan cities like Shimla and all. I hope it will be better
@@Catsarethecutest13 go to north east , kerala ,himachal Kashmir then if u want some modern vibrance just go to some southern cities liken banglore or Hyderabad, north cities are just chaotic
I think one other important factor you failed to mention in detail is how in China the party members are selected based on academic and economic performance measures. Basically, highly intelligent people with distinguished degrees and governance track records permeate the party.
in some ways, china never changed. it was the same in ancient china when people took the imperial exams to find the best government officials. obviously it was an objective metric which tried to put the best candidate for the job. and they all worked under one emperor who held absolute power.
.........Real Socialist country North Korea is much better than India now.... North Korea is better than USA and Europe in education now...North Korea literacy rate 100%, America literacy rate 96% only and India literacy rate 78% only...
As an Indian who has been following/analyzing Indian & global economics for years, I would say this was the least partial, most accurate analysis of Indian economics I've seen in a long while. Great video as always, kudos!
its accurate but not correct, in my opinion after 2035 india will also see industrialization at massive scale, as any country growth rate is solely dependent on the middle class of that country as in china's case this middle class is now has a stable population and not increasing, but in india's case its middle class population is increasing continuously soo by my prediction by 2035 or 2040 india will also have a substantial amount of middle class people like china had in 2000's and then india will also see a china type growth rate
@@RaunakYadav-i2gIndian have big mouth 👄😺 not hand Frist try make a intelligent relationship with neighbours Why recently create a flood in Bangladesh
I have a friend who has a factory in Vietnam, they're almost as similar to China in business climate, there are corruption but not as much as other countries in south east asia. The working culture is also not as nuts like china.
The late Lee Kuan Yew, founder of Singapore, said democracy would only bring regression, not progression. I fully agree with him. The success of the western nations was not because of democracy, but of other factors like education, etc.
The success of Western countries is not due to democracy, but to excellent limited liability company systems and market competition mechanisms. Democracy doesn't make cakes, democracy is responsible for dividing the cake. But it's not just Western style democracy that can divide the cake well
The successes of the West are directly related to colonial plunder of resources and cheap labour these past 5 centuries. This now coming to an end, the ownership classes in the West are turning on their own populations in desperation as the rest of the World is now far better equipped to deny the exploiter their easy gains/profits. The current period of instability and chaos will definitively end once the US $ is put in its place and not permitted to bludgeon (sanctions) the World into accepting corporate plunder, the power of the US military already showing it decline and not able to contain all of the cou tries wanting to escape the Western domination.
Economists often talk about a ‘demographic dividend’ for countries with a large youth population, such as India. The ability to create well-paid jobs and broad-based prosperity will determine whether the country's large youth population will turn out to be a dividend or a demographic nightmare.
Demographic dividend is an overhyped narrative. There are many nations in the Middle East, Africa and Latin America with youthful population but few are displaying any significant economic dynamism. Most advanced nations are experiencing population decline but their economy is still robust. A nation’s economic dynamism is highly dependent on what it does with its human resources and not on how large or youthful it is. A young population is an advantage but it isn’t the major driver.
@@wong3150 'Most advanced nations are experiencing population decline but their economy is still robust' - the first part of your comment is true, but this second isn't. Most advanced nations are in an economic slump, the few that aren't tend to have heavy immigration.
Industrial Automation can easily solved the production issues these days, provided with good finance system, Electricity and water, transportation and logistics.
@@ArawnOfAnnwn from what I see, "economy is robust" in Wong3150's comment was to point out the diversity and capacity of advanced nations' economy, particularly in full employment. Something, which many but a few developing countries like China, still aren't able to achieve but to rely heavily on importation, exporting a little in return.
There is no demographic dividend for India. Only the privileged rich and upper caste who afford private schooling acquire an education comparable to that offered by China and the west.
This video aged like fine wine. Indian medias are predicting and saying that they will be a 55 trillion economy. 55 TRILLION, much bigger than USA and China combined, OK?😁😆😅🤣
@@ancient_hist Just like "Know your meme: India superpower by 2020". When India does not became a superpower by 2020, what did India do? India says that they will be superpower by year 2047. 🤣😅😂800 million Indians depend on food aid from their government and 600 million Indians couldn't afford toilets prior to Swachh Bharat Mission 2014 and it's GDP per capita, also known as annual income of an average citizen, is stuck under 2600 USD for 76+ years since year 1947 independence. "Great" achievements, don't you think so?😁
@@ancient_hist *Title of article/research/report:* Progress on Drinking Water and Sanitation 2014 update *Global Source:* UNICEF *What article said specifically:* India continues to be the country with the highest number of people (597 million people) practising open defecation (Fig. 17).
@@ancient_hist A recent joint monitoring programme (JMP) on water, sanitation and hygiene by the World Health Organization and UNICEF released July 1, 2021 stated that at least 15 per cent of the total population in India defecates in the open.
@@ancient_hist Hint: 1) Find out what is "Swachh Bharat Mision 2014" and what is it's purpose. 2) Find out if this comment is true. "Modi in early October 2019, announced to a crowd in Ahmedabad city that |ndia is now free of open defecation with 110 million toilets built in five years and 600 million people gaining access to them." 3) Delhi belly in American English?
Even the educated Indians have no class. Money can't buy class. Moment those so called rich and educated Indians speak, one knows their class. Behaviour wise Indian are not Asian but something else and that is Indian.
Exactly. I am studying to leave this socialist nightmare in order to move to Middle east or Europe. I am glad we have private education to get us jobs elsewhere, and airports that facilitates leaving this socialist wasteland asap. My motivation to study is to get lost from this nation. Some emotional fools will say "Why don't you fix this nation instead" for them I'll say we been doing that for 75 since independence and yet failed to, i can bring no change and atleast I'm honest
IMO as a lay person. India GDP 3.4 Trillion. IF India grows @ 10% for 10 years India GDP = 8.8 Trillion in 2035 China GDP 18 Trillion. If China grows @5% for 10 years China GDP = 29 Trillion in 2035. If China grows @10% China GDP = 46 Trillion 2035 Now matter how you look at it the tangent is growing apart. When you enter China it is like entering the 22nd century. The airports, trains, stations, malls etc are simply awesome India must focus on eradicating corruption. Too much bribes changing hands, resulting in poor quality engineering and building materials resulting in poor infrastructure, poor roads bridges, flyovers, stations and airports, sewage, poor drinking water, unreliable electricity. HNI Indians are the highest number fleeing the country, taking billions with them.
There are also loads of social issues plaguing India like cronyism and how Indian government officials have a extremely strong tribalism mindset thus why corruption is so rife within Indian society at large.
Chinese HNIs are also running in huge numbers you can check. The govt there is biggest don collecting money from rich and controlling them. However they are helping the poor.
First of all, politics and economy or money are two very different things. The economy of any country depends on its middle class population, at what rate it is growing, how much their middle class population is increasing. And now the middle class population in China is stable, only their income is increasing, so China is largely moving towards slow growth. In USA this middle class population is neither increasing nor their income is increasing, hence the reason behind their slow growth. In Europe, this middle class population is declining and their income is stagnant, hence the growth is declining. In Korea and Japan, the middle class population is decreasing very rapidly and the income is stagnant due to which the growth there is also falling rapidly. But when we talk about India, the middle class population of India is increasing and their income is also increasing gradually and when this level will reach the level of China in 2000 which according to me will happen by 2035-40. Then India can also show growth like China and remember one thing of mine, there is a huge difference between economy and politics. And also remember, a company come to a country if the country has substantial amount of people to sell its goods first in same country then outside. Economics of a country is very complex subject and it involves lots of complexities, and the main component to judge the economy of a country is to see the middle class population and the ability of governments to complete there tenure.
This was one of the best video i watched about my nation's economy! I always knew that india hasn't grown the same as china but never knew why.. Thanks for clearing my doubts!
I have worked with India and China and forget India coming close to China before several generations if ever. Nobody in the office wanted to work with India and certainly not go there. They never respected contracts, were always renegociating. I think the chinese are much cleverer.
My contractor was an indian company. Many equipment purchased from india broke down after less than 1 year or got stucked at the port for many months. i also find a serious lack of business etiquette/professionalism such as contracts were not honored, poor planning & execution, under designed engineering either on purpose or to cut cost in order to claim variation order later and a lot of over promise (talk to much, delivers too little ). I would prefer a western, korean or japanese company anytime although the cost might be higher, the confidence are there. I have limited dealings with the chinese on contracts except for a few equipment purchase. Not the best quality i have to admit but it still works after 4 years and much cheaper. If i need high quality equipment, i will go with the west/japan/korea and if i want an equipment to just do its job with a cost in mind, i don't mind chinese equipment. i believed facts speak for itself as you can hardly find any big local indian companies having global presence perhaps the only exception is TATA. Even smart and highly educated indians dont want to deal with local indian contractors.
@@Aurica34 yupp, that's why usa has that much indians, well i say indians are talented but the problem is it dont have appropriate money to deal with its internal problems
@@AbhishekSingh-jf7co In recent months, Americans have fired more than 100 Indian CEOs, Boeing, Starbucks, Microsoft, etc. They finally realized that Indians can do nothing but brag. And you , still bragging here.
Way back in 2016, I decided to visit India after hearing the hype and how they're leading in technology and are culturally diverse. Even seen some pics online. I was shocked to see the amount of dust and pollution the country had. The traffic, the honking, the overcrowded streets, I saw cows on the road. It was fun to see but whatever I read online about India being a booming economy, didnt reflect what I saw. The people and the food were nice though.
@@jimmorrison903Was the hygiene as bad as some have told me? Like I heard naked kids will be taking dumps in the street. Drunk people too. Tossing buckets in alley ways. Also don't go to India without men if you're a beautiful woman/women is what I was told.
2016 india and 2024 India looks completely different... I also didn't believe the changes we have made in such short period could have been this drastic....
Biggest problem in India is politics. It's never revolve around infrastructure education and economy growth. Politics parties appease people by freebies and divide based on caste and language.
So, who is to blame here? Politicians or people? If elections can be won based on freebies, then that's what all parties will do. We as a society need to prioritize what we want. Just look at 2024 campaign, free electricity free ration , money for women, money for unemployed. Someone needs to stop this all nonsense and make our governments actually work on actual issues.
The Congress they started free things scheme and bjp who lost majority election this time ( nda won) they are providing free things in states they rule it's going to bankrupt everyone now @@makshay
Infact the biggest problem is politics, caste and reservation. There has never been a country that is as divided as India. We waged war among our neighbouring states, have hundreds of languages, every state has its own language🤦. Life is very difficult for anyone who wishes to move to another state plus we are filled with linguistic pride,ex : Karnataka and tamilnadu plus Hindi belt screaming national language along with this. Above all the actual problem is the citizens,50% of who aren't even fit to live. Such classless, untruly bunch of careless citizens causing more trouble everyday. India lives exactly the way China wants India to live and progress. Very unfortunate.
As much as I love my country India and would want to vehemently disagree with everything that this Gentleman says I just cannot because he's spot on...With the kind of corruption and the entire system being affected by it there's no way India will ever be a developed nation in the near future...
He spoke the truth that never get into the heart of India's medias or the public knowledge. Otherwise India would attempt to improve itself. Since it can't, it prefer to see no evil and hear no evil of what was being said that hurts. While China enjoy learning from others, India loves criticising others, the two culture are so different.
BUT SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🥰 🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🇮🇳🥰 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🥰🇮🇳 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN 🥰THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE🥰 🇮🇳, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🥰🇮🇳🥰🇮🇳🥰🇮🇳🥰
You missed out the Chinese Diaspora. est,60-80million Hong Kong, Singapore, Taiwan, and Asian tigers in the 80s. Some of the biggest private enterprises in China at the early growth period were Diaspora owned. They bought in ready-made experience in factory operations, financing/accounting, management expertise without language and cultural obstacles when she was still transitioning from a marxist economy. Most are now overtaken/outcompeted by mainland China enterprises, but some still exists. egs Foxconn.
Totally agree. In the 1980s, Hong Kong was the vehicle for China’s growth. Hong Kong was the middleman facilitating between inexperienced China and foreign investors.
Overseas Chinese were a very important source of foreign direct investment during the early reform years when western firms were still reluctant to invest in mainland China. Shelley Rigger wrote a book specifically on the role of Taiwanese entrepreneurs in connecting the mainland to overseas capital, technology and supply chains. [Rigger, S. (2021). The Tiger Leading the Dragon: How Taiwan Propelled China's Economic Rise] This happened at an opportune time as FDI flows for manufacturing were moving away from the increasingly more costly East Asian economies (Japan, Taiwan) and towards Southeast Asia. The Chinese economy was able to capture these flows and become the main recipient.
The actual solution: Socialist revolution (Marxism-Leninism). Indian and Western "experts" and "academics": NO WE NEED TO JUSTIFY OUR CAPITALIST SYSTEM AND LIBERAL DEMOCRACY, LET'S BLAME MUSLIMS AND CULTURE! What made China big: A socialist constitution. A communist vanguard party. A meritocratic political system that puts competent people in charge. Ensuring that leadership has a lot of scientists. True democracy where most politicians come from the working class. Survey-based politics. Strong central planning. Focus on education and infrastructure. Non of which would have been possible without communist revolution and the removal of the bourgeois class from leadership positions. The funniest part is that the guy in the video never even asked Chinese economists how they did it. Instead, he asked other Indian/Western capitalists. And that's why India (or the West) will never emulate China's growth story (which happened thanks to COMMUNISM) - they don't try and learn from China. These "experts" go to great lengths to describe what China achieved: Better education, better infrastructure, etc. but never bother to try and understand what made it all possible (communist leadership). Another funny part is the Western understanding of history here: "China liberalized its economy". No. Socialist countries always have free economies. What happened is that China tricked the US into allowing it to join the WTO which meant it was finally allowed to trade on the international market. It isn't China that liberalized... it was the imperialist world that liberalized. Turns out that when socialist economies are allowed to compete freely with capitalist economies... socialist economies always win. That was Deng's genius: Making Westerners believe that they were liberalizing while really maintaining tight control over everything. By the way: "Attracting FDI" is a ridiculous lie trying to promote the idea that countries must allow foreign countries to buy up their industries and resources - FDI only makes up something like 1% of the Chinese economy. China also only allows foreigners to invest into some publicly listed companies... and when you invest in Chinese companies you get zero rights to the companies, no voting rights whatsoever, it's just a profit sharing scheme. FDI is mostly a diplomatic tool.
Then why isn't Indian diaspora helping India out of poverty and mediocrity. If we imported even one million Indians who have settled abroad like in US, UK, Canada etc will they be able to turn around the India story into a miraculous one?
That's not really a valid point because you are assuming India doesn't have a knowledgeable diaspora. The fact is BOTH sides have approximately equal knowledgeable diasporas. So the net effect for this comparison is .... ZERO.
you missed an important point that land in India is very expensive. Also, land parcels are smaller which means you need to convince many land owners to acquire a single large parcel of land in order to build factories. It gets time consuming and cumbersome to do that.
Land is expensive due to black money flowing in real estate. I was shocked when a national level builder was requesting to pay atleast 30 percent for a flat in a metro city in cash. Real estate is filled with politicians black money
India is 3.2M SQKM while China is 9.6M SQKM. So China is 3X times larger than India on paper but it does not mean anything. Even Australia is more than 2X times larger than India. What actually matters is the size of Arable land which India has plenty but still fail. Also, I agree with you in someway, the population of India is too much for a country of 3.2M SQKM. Brazil is 8.5M, USA is 9.6M, Canada is also 9.6M and Russia is 17.4M SQKM. India really has to work on its population or they are going to run out of fresh water, fish, etc...
Hahahahaha typical indian... Like always ,blaming here and there . If you can't swim you say you can't swim,don't blame the swimming trunks is too big.
Why would Indians hear sir. The problem with this country is we have talked ourselves into believing that achieving great heights is impossible. We became the first country to land a satellite into Moon's south pole but we still have people who will tell us we never can be great. Over the past decade we have built 50,000 Kilometers of national highways, millions of bank accounts were opened but still we are a nobody. If we truly were so pathetic then how did we acheive all this. Today's Indians are done hearing about limitations and comparing ourselves with a countries.
@@aniruddhrajendran7570 India has achieved great heights and you should look at both sides. As a well wisher ... When talking about ISRO, also look at UPSC which has achieved great heights with scams. When you talk about GDP also listen to how may are unemployed. There are hundreds of applications for one job. When you say so many thousands of kms highway has been constructed you also need to be prepared for the oil import bill.
@@msardesai1 The way the government has controlled the narrative is also immaculate. For example the way politicians boast about the amount of roads built. But they don't say that the way the amount is being documented has been changed in recent years. The other person said 50,000 km of road have been built, but it includes lanes in it. Not just the true distance. If the roads are 2-lane then it'll come out to be 25,000 km. If 4 lanes then 12500 and so on. We need to change our education system drastically as we are still following the British imperial way to produce workers not thinkers. Not to mention the administrative system is based on it too. With people as corrupt as can be and filled with ego and pride to the brim. And the people's mindset with government jobs has made them incompetent and corrupt to the point simple document work requires a lot of time and often bribery.
Yes, Indians are always proud of overseas Indians, but the Chinese are not. Even though UA-cam was created by Chinese Americans and Nvidia, Indians always take American CEO as their pride😅
@@gechu-gh2ws That is the problem of the Chinese sir and not the problem of Indian people. Even if that Indian does not live in India they were born in India. We take pride in people who are born in India and who makes our name shine abroad. China has no presence in services unlike India. Most of the top CEOs in US multinationals were educated in India. I guess you or most Chinese would not even know what Indian Institute of Technology or IIT is all about.
As a Chinese, I’ve met a lot of Indians when studying in the Uk, and I love them, they are all good people. Indian food is my top 3 cuisines, the others being Persian and Italian (i don’t really like Chinese food even as a Chinese native) So It really confuses me when I see how their country really is. It’s mind boggling. Maybe it’s the caste system being too rigid?
Your people are disciplined,hard working I'm teenage boy if I ever get chance I will surely like to visit your country china once Good wishes from PUNJAB,INDIA
I have the utmost respect for China and Chinese people and I hope that China becomes the preeminent superpower this century. I say this as someone with parents from India who was raised in the USA. Some of my best friends are Han Chinese Americans.
It's the quota & reservation system, freebies culture that alienate the talented people and force them to leave for abroad. While the incompetent ones reside here and enjoy the butter.
Casteism , I wouldnt say has disappeared but is surely fading these days . Its more about classism these days . Indians lack civic sense , the development is concentrated only in megacities causing in over migration to only a particular cities ex. Mumbai . Bureaucracy and Judiciary and slow af . Anything to be built takes like years to complete all the paperwork. Politicians arent there to prosper the country , they are there to fill their own pockets . Thatsssss the rant
The most important point was not said: Bribes & corruption. If you are operating a business or even a shop in India you have to pay bribes & protection money to local ,state,& fed level government + bureaucrats + local goons(extension of political parties) + local police. This is the single biggest problem. If you are Indian you know, if you're not you'll never understand.
The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
Melissa Jean Talingdan is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Show me one country which has grow like China in the history of the world, pulling millions out of poverty like China did, however it is a authoritarian country where entrepreneurs go missing for months. CCP prefers degrowth to loosing power, hence it is containing private companies which make them angry. But, this video made good point, India can never have growth like China, we have inherent problems also Indians will never work like Chinese. We will remain poor for foreseeable future.
The Chinese local governments were forced to produce target GDP increases, but restricted by regulations to raising income by land leases. A combination of resultant forces led to an immense national building investment company debt, high apartment and house prices, and newly built empty cities - many of the new buildings being uninhabitable due to shoddy work such as pipes not connected to water and sewerage. The financial system is under immense strain, young people are unwilling to have children, and complaints of pollution and bad treatment of workers rumble beneath the government-controlled internet and media happy image.😢 Foreign companies find that their welcome has trapped them, and that efforts to repatriate profits, or choosing not to oppose their home governments' discussing Chinese governmental bad actions, can result in their upper management being imprisoned on flimsy charges and loss of assets. Overly wealthy Chinese business owners who fail to soothe senior Party officials are also at risk of imprisonment and loss of assets, because the pattern of bribery being officially forbidden but practically required is not limited to India and Russia. A couple of years, and we may see India seen as having made the better choices. Not that the past 15 years have seen really good ones, despite government propaganda. 😢
Take a look at the record of Chinese performance in the Physics olympiads. A yearly international competition of high school scholars. They have by far, attained the most gold medals in the history of the competition. In second place is Iran. The Chinese are in a league of their own.
India has chance but very hard to chase up. China has mature chain of any industry. Educated workers and engineers. Now Chinese companies are turning into high tech industry. like Electronic device and EV. AI. These new tech bring huge profit and tax. If Chinese company break thru the microchip tech. the gap between china and india will be bigger. As a chinese, i can tell you honestly China never compare to anyone. Our goal is making every Chinese living in good life.
Well that is the biggest problem in India and people didn't even acknowledge it in cities it is surely the garbage problem people really throw plastic on road wherever you go their homes are as clean as a house should be but the streets are not
Back then, China was the front runner in the FDI race due to the advantages it had (education, policies, population, etc). Today, India has to compete in a very competitive field against other countries, especially those in Southeast Asia for FDI.
I agree. Southeast Asia is India’s true competitor at the moment, not China. Especially since Southeast Asia is heavily plugged into Chinese supply chains, which make them the natural choice for many manufacturers.
@@diesirae7102 The only country in SEA that could rival India in manpower concentration is Indonesia and they are hamstrung by terrible geography (in a supply chain sense - all the islands don't help). Vietnam has clearly been ahead of India in realizing potential in manufacturing but thats because it got its act together first - India's potential is still bigger. India is a competitor to China both from the low and high end in the sense that they have the potential to take away manufacturing jobs due to lower labor costs, but argueably they have been more successful in taking away the service-sector jobs that China truly needs to escape the middle-income trap. Lower costs (Bengaluru is a shitload cheaper than Shenzhen), better English proficiency, and (for tech) less of a need to silo off operations given recent laws in China, this is before the recent geopolitical instabilites that make China less favorable.
@@MattY-ed1ep Invalid comparison. India does not have the centralized system that makes investing in a single country advantageous over a multi-country bloc. Getting approval in Delhi, to manufacturing in Assam, to programming in Tamil Nadu, to marketing in Maharastra is no different than doing all of that in four different nations. Those states all have different rules, different languages, and to top it all off, different politicians you have to bribe. India isn't competing against any specific SEA nation. It's competing against ASEAN as a whole. Investing in "India" isn't investing in a single nation, but a collection of 27 states (and 8 union territories). And if I'm a FDI, ASEAN is far more attractive as a destination than India.
@@MattY-ed1epIndia hasn't been China's competitor for a long time. Indians like to see themselves as such but hardly anyone in the world sees that. China outsource its cheap manufacturing because wages have increased significantly and it's not a place for cheap manufacturing anymore hence why the shift to SEA.
bhai china ke media mein india ki baat hoti hi nhi bcoz for them we don't matter and they just care about how to over take USA in GDP and development ...unke pass time nhi hai bakwaas krne ka ...they have grown thier country at fastest pace ....and even if they talk about india its just about rape cases which happens and that's true
Bruh im Indian and even without Economist telling me I know we can never grow like China because: - Our education system lacks 2 things - education and system, they teach us 50 year old outdated British era syllabus with rote learning, there is no development of students brain/critical thinking/. Only Rote learning - Even 90% of colleges have shit faculties, hardly any funding for research work, outdated curriculum, in my CS course we were taught visual basic a 20 year old deprecated software. - Has the biggest youth population, but over 80% are jobless, because youth have no skills not employable. So they unable to contribute to country's economy. - The very tiny % who have wealth may go to abroad in Usa or Germany or elsewhere and acquire both degree and skills and get settled there.
No way bro😂 India is rock star😅in manufacturing 🎉 Just like what FP and Wion kept dishing out on ytube 🎉🎉🎉 India must keep rising🎉🎉🎉 So that the global economic will thrive🎉🎉🎉🎉🎉
I've always though India has a good Information Technology sector. If they're not "educated", how do you explain that level of success? The majority of Database Engineers I worked with were from India, and they were very good at their jobs. I don't know if those engineers resided in the USA, but they were definitely from India.
@@cotizacionesequipo1719 yup . India leads in IT. but he is also correct. IIT and IIITs plays a bigger part in India's IT revolution. But we are lacking in all other sectors due to decade old syllabus and faulty system. Even IITs have old curriculum. We need to revamp and create a solid education system to push ourselves in coming decades and bring another revolution in Indian youth.
One thing everyone has missed: In the past 30 years, one US dollar has been roughly 6-8 Chinese Yuan. At the same time, one US dollar has risen by over 400 percent against the Indian Rupee. Today, a dollar is worth 84 Rupees, whereas in 1990, it was 17. Indian purchasing power has significantly declined.
Are doctors also human ? One of my friend was doctor later he cleared some government exam and now he's a postmortem Expert and believe he often ask me crazy questions like what is life ? 🤔
I am studying economics at university. I used to think it was boring but for whatever reason I now find it really interesting. I guess that’s what happens when you become an adult. Anyway, your videos are so informative and interesting. I hope I can be as knowledgeable as you one day.
What I failed to understand about finance as a kid was that it is the symptom of human stories. Numbers alone are rarely all that interesting. But when numbers tell stories.... That's pretty cool.
I like the explanation how the puzzle comes together, why some country take a certain action, why a certain trade deal affect the population, and more importantly explain why a certain decision out there far away will impact my personal life and future or shape my past. Life aren't just random waves up and down hitting me, it happens because there's a stone dropped in the past and it's wave hit me just now.
@@CaedenV Yeah once you are able to detect the narrative in every number: a story of policy, psychosocial dynamics, power, greed, conspiracy...it becomes alot more interesting. The dots begin to connect.
Great to see an open mind here. However, you please be aware of the blind belief in capitalism and democracy in Western countries. China's hybrid system is very worth noting in which the state-own and privately own companies share roughly 50/50 of the economy. The government can influence the directions of the economy which strives by private sectors and furious competition. US economy benefits most the riches. China economy benefits the majority of the people.
Visit David Zhang's channel China Insider 😂😂😂 exposes the brutal reality of China. Recycled gutter oil, tofu dreg architecture, real estate collapse, natural disasters and inflated statistics. China provides cherry picked data to the world. Thats why China looks better but is not 😂😂😂
@@Jon_zherka_77 Yess no one cares that why investors from usa and other countries came to wedding of mukesh ambani or no one cares that why us tech companies hiring individuals from india because they can compete better in market.
Many people also ignore the fact that China has been blocked or suppressed by the West and India has not! Imagine, How much would China achieve if the West treated China like India
India has been continually criticized in the West. from the 80s till about COVID it was taboo to talk bad about China and any criticism was met by they are lifting people out of poverty. It's only lately that China has been getting some flak.You had a good 25 years of free run. Not to say China is not better than India. China did great.
Several years ago we collaborated with vendors from China and vendors from India. Chinese vendors have the advantage of relatively cheap prices in the market with a good work ethic and workers who are quite professional in general. But you have to keep an eye on the materials the other vendor use, because many other vendors from China use different materials than what they promise. Meanwhile, Indian vendors have some smart and great people, but unfortunately not the entire collaboration team has the professionalism of some of these people, many are lazy and their work results are poor, we also experienced a lot of loss of assets and work accidents. It's a shame that smart people like that are in an environment that burdens them.
It's easy to visit both countries and see how the average person speaks and acts, I love India and have gone there consistently...you have to really enjoy it because it is NOT for beginners. China on the other hand, is literally futuristic asf...i have never seen a metro station operate on the level that i have seen it in China , everything is in order, people follow the rules (in most cases) and the average citizen is kind, innocent, and curious. In india, the poverty level is insane, lives are wretched, and kids are on the streets begging...just sad overall. But to me, culturally, india is the best in the world
Serpentza and laoway86 lived and worked in mainland China for > a decade and have native Chinese wifes. Here are some of their videos exposing China's dark side. ua-cam.com/video/v2s5ce8k_Zs/v-deo.htmlsi=WRBescw0VhkbeFHg ua-cam.com/video/38EHMvkKZzA/v-deo.htmlsi=cJYXBOVm4pM7gdwK ua-cam.com/video/Gf4_2NAmrvc/v-deo.htmlsi=MJnoVP0ZNBHdvptz ua-cam.com/video/un-8-o69I8Y/v-deo.htmlsi=X1ns6hppATnTi8OP ua-cam.com/video/ABolxLUFg18/v-deo.htmlsi=VBFqrqoRIs4xQbUW ua-cam.com/video/LH23AKBHrKw/v-deo.htmlsi=ufpC5iJqBdMkCtqg
Two reasons to grow faster:- 1. we are not a communist country so western countries can lend more trust in FDI 2. It happened very quickly and there is alot to cover in few years so growth rate will definietly be faster .
That's what Argentinian used to say about their country, and it turns out to be true. They became a middle income country and their economy starts declining ever since.
I am Chinese, and we often discuss the differences between India and China. Basically, the key word always falls on whether there has been a thorough land reform. Landowners in India have cut national land into countless small pieces that cannot be developed as a whole. This has resulted in the loss of basic guarantees for all power and economic operations. China also has corruption, but usually the problem can be solved quickly if you deal with the big boss. In India, power is too decentralized, and corruption increases exponentially, making it difficult to solve actual problems.
I don't think power is too much decentralised in India.Instead it is too much decentralised in China. Government expenditure at local level is more in China than India. I think main problem in India is about mindset of people. India is family oriented country.So whatever an Individual does in India he does it to his family.He do corruption so that his family can live happily. But in countries like China people are more individualistic.
@@shrihari6860 absolutely stupid reply, taking bribes for family. Bribe is a part of our culture and is a problem. But actual issue is mediocre mindset of our people. We want to earn sitting at our homes, politicians knows that and earn vote theough this. Hence no development.
@@AnkitKumar-ww7tc yess people wasting 16 lakhs in btech and when they go to market they found no job available for them and doing rikshaw then come to delhi let me show u some phd holders
China's system would never work with American culture. China uses the needs of the majority to override any obstacle, and leaves much less wiggle room for individual grievances, for better or worse. Also, for better or worse, as China is no longer poor, its citizens are becoming more and more "American" in the sense that they are more likely than in the past to exploit law and bureaucracy for their own benefit. Hence the not-uncommon phenomenon of a bridge or huge highway having to make a weird-@$$ curve to get around a house whose owner refused any amount of compensation to move out, thinking they can milk the government for more.
CCP is not a meritocracy but a mafia party and China is a mafia state ruled by thugs. But all such centralized systems eventually collapse. Chinese economy is now buckling under pressure.
@@carolusmagnus1472what "pajeet frustration"? How would you feel when someone mispronounced some place in your country? And what frustration? He's pointing it out and the video maker acknowledged it What's so funny about it
The biggest flaw of a lot of Western liberal democracies is that it can be hijacked by money. Just like the video said, they're afraid to raise taxes, because that would upset the rich. People vote for their own self interest, and not for society's best interest.
On the opposite side, CCP is hijacked by Xi's self ambition and not the people's best interest. People's livelihood starts to feel the impacts and the country's economy is falling apart.
especially when the population are poorly educated and live hand to mouth in destitution. corrupted politicians will always lie and bribe their way to power, after that, they are literally untouchable by the law.
China had (and still has ) 3 advantages over India 1. Education (as you mentioned) 2. Social mobility (the polite term for lack of class and caste) and 3. A large diaspora that provides the DFI (S.E. has large, very rich and very loyal Chinese minorities who invest in their home province).
What DFI? Direct Foreign Investment? India's remittances are growing and have recently hit a record of $125 billion last year. Meanwhile China is not even in second place. Do your own research and stop being a paid shill for the CCP.
Democracy needs 300 years and looted resources to develop. India lacks both and should follow the Chinese model of development rather than the Western one.
@@millevenon5853 fastest growing? Lmaof. Do you even know why the first speed train in America was delayed or canceled? Go do your own research as to why.
@@millevenon5853The United States is indeed developing the fastest, but do you want to see how much blood the United States has sucked from the world using the US dollar and the US military?
Gonna disagree. At the local level, state governments are dominated by a single party sometimes. For example, democrats in california vs republicians in texas. In other states. Of course though this is not true for every state.
Under Indian Prime Minister Modi, India ranks 115 out of 125 countries on the world hunger index, India has 42 of 50 of the world's most polluted cities, 125 out of 150 nations on the GDP Per Capita PPP list, biggest income inequality in100 years, record unemployment, 95% of educated Indians are unemployable, low practical engineering skills, historic low of the Indian rupee against the US dollar.
@@val-schaeffer1117 Everything showing Bharat in a poor light is propaganda when the ground reality supports the index. Next, you'll say GDP per capita is high when it's among the lowest in the world.
I am an Indian national living abroad. The main problem with Indian bureaucracy is that every member, from the peon to to the top IAS officer , thinks that they are entitled to have that job no matter what. Any action against them will be a reason to start a strike ( bandh) which may paralyse the entire bureaucracy for days or weeks. Poor people will pay the price. Many foreign companies hesitate to start their operations in India.
Here's a recent example: The "global" IT outage did not meaningfully affect China as it is technologically sovereign -- it is not using CD, which is clearly a security risk for a nation. India, on the other hand, was impacted. Despite its reputation as a global IT powerhouse, India heavily relies on external technologies.
Yet India wasn't effected as some Western countries because their banks don even have their hardware connected to the cloud. So sometimes it can be convenient to be so far behind other countries, like India is.😛
I always hear about that india is a global IT powerhouse, however, i have never see one APP or software from india. China has tiktok, shein, temu, aliexpress, wegame, etc. My question is that where is indian it technical strength
China's political system is much more well thought out than I knew, I knew it was a hardcore meritocracy but it was actually that important to its growth...
@@kobemaobraint6631 India is a country without commercial credit, so foreign countries will not continue to invest in India. I can't imagine why Indians would do this.
In the West, when politicians f*ck up the country, they simply resign, leaving the mess behind. In China, if CPC does so, it would be a downfall of China civilization. So guess who (west or china) has great incentive to keep country stable and rapid in development?
To try everything Brilliant has to offer for free for a full 30 days, visit brilliant.org/moneymacro
paje ets will fil up here and complain and say china is collapsing
you didnt talk about non tariff measures?, india right now does not have free access to western markets the way china did
Interesting analysis. However, you missed two important differences.
One, India net exported engineers, software engineers in particular, to the West. Brain drain?
Second, the carry traders in the US took the billions that the FED in the US made available thru their quantitative easing (QE1,QE2, etc) program and moved it off shore buying Chinese bonds that were not selling well because there wasn't enough world wide demand by foreign investors in the private sector at the time. This also explains why the QEs didn't add a lot of inflationary pressure to the US economy. The carry traders moved most of it off shore flooding the Chinese economy with US dollars. Billions with each QE. This also explains the growth of the Chinese real estate sector bubble as Chinese banks struggled to find places to loan the bond money out.
This was one of the better analyses that I've seen. Keep up the good work.
Oh, by the way, the net export of H1b engineers to the US flooded the market suppressing wages in the US. That in turn displaced American engineers. Many of which left or telecommuted to China causing a brain drain here in the US at the time.
Please do an EU version. I would love to see what experts think and how it compares to the US or India, etc.
About 15 years ago, I started a company in Xi’an, China. All the paperwork took about 3 hours. The local government even assigned a clerk to walk through the whole process. 3 hours later, I had the license, bank account, and office lease agreement. And the local government even ordered a company name plate as a gift.
@@enriquemino9963 3 Hours is way too quick. That’s just dangerous. Leaves the process vulnerable to fraud, corruption and tons of new small companies selling unsafe products because they haven’t been vetted properly
@@enriquemino9963
Democratic Hindia is very corrupted.
You are not joking 😃
3 hours in China. In India even 3 years the investors are still waiting for the licence.
Wow. For real? Man
China attracts talent and exports industry products;
India exports talent and imports industry products.
lol
This so true. Cuz Indian talents once gone overseas would NOT return to invest back in their own country. Cuz they know they do not get the pay and quality of life that they experience overseas. As compared to China's returning talents that builds China and is largely nationalistic too.
Nxt factory of the world for sure! History will repeat again! most richest persons and cities in the world will be indian in the year 2030! if you laugh in my comment then you are fool because you have to wait until 2030!
@@UNKNOWNWORLD-k9s LOL NOT happening ! when policies and current climate remains. Not forgetting the dirty tactics of India done on FDI businesses ...
china attracts talent? No, they dont lmao
As an Indian, I already instinctively felt the lack of governance at local level but your video made it very clear
not sure low taxes are a bad thing though. I dunno, on another note India has a huge demographic advantage over China now
Have you been in China at a "local level"? Buddy, ask this reporter about the dangling real estate crisis that Xi is nursing. China and India are different. Xi will go if the unemployment explodes. Westerners and media have no brains nor do they have conscience. This is crap
You are not Indian, but a Soros paid Chinese national pretending so on SM behind a propaganda account.
Right, you are an Indian from India who speaks perfect English, who spent his entire life in India, but it took this video for you to realize what is going on. Mu ha ha ha ha.
Either you are so daft that your opinion should be disregarded anyways, or this video is propaganda from a scared CCP and you are on their payroll. Frankly, I think it is all of the above.
@@Dreadwolf3155 A difference of Few millions is not huge demographic advantage.
India surely has a younger population but this becomes irrelevant when you see the conditions of the education that we give them.
There are paper leaks in entrance exams and university syllabus is out dated, where students in eu and us are studying AI Machine Learning and Data science India students are thought regarding technology that are not in use or knowledge that isn't demanded by job industry, causing a huge unemployment causing students to look towards getting stable secure jobs in the government.
Our healthcare system is even worse.
I'll give a small example. I live in a small city in a central province of China. One day, on my way to work, I noticed that a municipal pipeline was leaking a little. I called the mayor's hotline to report the issue. By the time I finished work, the problem had already been fixed. The next day, I received a message from the municipality thanking me for my contribution to city governance, and they also credited my phone account with 30 yuan.
ROot problem in india is
They r heavily divided
Caste( unique discovery)😅
Religion
Gender
Kala gora nata lambu
Misplaced respect to anyone
Hawan karenge namaz padhenge😂
What work u do btw in china ?
Can I get yo linked account?
@@vivekt.2038 中国的市长热线是每一个城市都有一个电话号码12345，任何时间反应任何问题，48小时之内必须回复。
You forgot to mention your social credit is also raised due to your contribution😂
@@biochemwang2421 如果你有脑子的话，请使用它。如果没有，就把你的脑子捐给需要的人。这里就有关于中国社会信用的科普视频，事实的真相就在那里。
India and China could not be more opposite. India has a positive reputation abroad but when you get there you are shocked by the abject quality of infrastructure, pollution and disorderliness. China suffers from negative PR yet when you go there in 2024 you are shocked how clean, high tech and smoothly things run. Our perceptions are all topsy Turvy lol.
Sad but true
also we have the impression that places like Germany and Japan are high tech and well run, but you speak to people who used to live there you hear stuff like you still need call to book appointments, go to post office, using a fax, and more places actually requiring cash than youll think
India used to have a positive reputation abroad.
thats what happens when Westerners are fed anti-Chinese propaganda for over 20 years, the reality becomes that much more shocking
India has a positive reputation *in the west mainstream media*. Here fixed it for you.
I started an amazon business in Canada so I had to go to China to source the products. I booked a flight to shenzhen for a week. But I was done after the 2nd day. Efficiency there is like no other. ?You want something done and its already waiting for you.
you want to get something done in India, bhul jaao ho hi nahi sakta!
India is already next Africa, corruptions everywhere...@@srdshukla4
@@srdshukla4it’s because we have no openly visible tracking system of anything in public domain. Also, govt job people mindset of not doing work. Don’t worry time is changing for India 😅
@@srdshukla4thanks to Brahminist India .
@@thegamer-xd6uw go save cow first
been to india , its the culture of not caring , the place is a mess and anyone who makes something of themselves just flees overseas.
this is why ur forefathers were dying in sea to reach India and found murrica, and it is chinese who are crossing the mexican borders
and india didnt became american slave to produce cheap products for printed dollars
Jai hind
100% it's a mess of a country
@@happydimsum8221 says the guy from his basement with xi's imaginary ding ding in ur mouth
sure they didnt care about u, some foreigners with half pants and glasses and u r mad about it, chinese have been known to be american servants again Russia since 1970s
As an Indian, I hope we learn from this video to become better. The truth hurts, but learning from it is what will make us great
Nope. Because we Indian people, media and government have high egos. With ego you can't grow up.
India need to take new birth in mind
Never
@@praveenkumar-yo1xg finally someone
@@praveenkumar-yo1xg finally someone
Indian here. You pretty much hit the nail with your analysis. All the initiatives are often directed from the top and have not been effectively implemented at the grassroots level for a long time. Since Modi's tenure began, there has been a focus on infrastructure. But he failed to make any impact on Education and Health which is not helping. Despite 75 years of independence, our system remains top-heavy and even minor tasks like repairing a pothole in a rural road require approval from the state capital, which could be 500 kilometers away. The division among the populace is profound, making consensus perpetually unattainable. And on top of that there is corruption at every level. Despite this we are growing at a respectable rate. That itself is a miracle.
agree
Health and Education are state subject not centre.
I agree with a lot of your points. But growth needs to be viewed in the context of inflation. Government figures of inflation are 4.75%. So if you are growing at 7.00% your actual growth (after elimination of effect of inflation) is only 2.25%.
"lawda ka anaysis" look,when you have targetted the religion of "hindu" and called the caste system then you have showen you are already biased. see,how israel is improving and improved,will indians take action against muslims? i am talking about the common indians,and the answer is "no". jitna minorities ka pyer chato khangress ka tarha
It's like an American Ambassador once said... India is a functioning anarchy. Somehow.. it keeps going :P
Biggest difference between China and India is its beurocracy and governance efficiency where India is still nowhere close to China.
european beurocracy
@@ayatahm9987 yup she is derived from and illegally born from them. not india
Accha??
@@Alphation what? Who are you referring she?
toilets!
Indian here. You are right on every level. The problems with my country cannot be blamed to just government, I believe an equal share of the blame is on judiciary. The courts are slow, weak, inefficient and skewed towards the powerful and prosperous sections of the society. Another BIG problem is no one takes any accountability here, everyone just keeps blaming each other like a circus. Until and unless we as a society starts acknowledging all our problems and start respecting rules, we will never be anywhere near China.
The problem with that is that no amount of people who wants to solve the problem banding together and saying "we" acknowledge our problems, the problematic people aren't a part of that "we".
Accountability must be imposed on someone by someone with the authority and power do to so.
This means that people who want to solve the problem need to obtain power.
That simple.
@rupanjan
What you commented, sounds that India replicated US perverted sense of democracy. US racism is equal to India caste system, they can't overcome this sense of superiority complex.
I work with both india's indian and china's chinese, the different in work ethic is too obvious, china's chinese work so fast and reponsive, while india's indian is too slow to follow instruction, then I also work with malaysia's indian and malaysia's chinese, both are equally great in knowledge ,work ethic and so friendly also.
...Western slavery(Ghulam) and corrupt parliamentary democracy destroyed naturally rich India forever..........(Terrorist country America wants to rule over India now).." America is World´s biggest terrorist country and threat to the World peace"- Noam Chomsky( American Author)..... Al Qaeda, Taliban , IS etc all terrorists groups were created and funded by American CIA and Pentagon to dictate Middle- East, Gulf nations etc and loot Arab nations vast petrol reserves forever ..........
India's problem is trying to compare itself to China. China didn't become the oldest continuous civilization on earth by being just another nation, China in a league of its own.
Compared to every other country India's not doing that bad, and India will almost certainly become the world's second largest economy.
Of course US will not give us its #2 spot easily, so it's how to fight past America that India really need to figure out sooner than later.
Democracy doesn't work in a poor country. Some people won't like this but it's the truth. Those examples that you gave whether democracy worked, are misleading. Japan got rich due to US aid. Germany, Italy already had an industrial base to build on since they were monarchs. China wouldn't have been what it is today had it been a democracy.
Probably because the standard of education is so low. Uneducated voters make bad decisions for themselves.
You are absolutely correct. Democracy will come when people are ready for it. The most important things right now are widespread prosperity, an orderly society, and a well-educated population.
Also democracy works well in an educated and informed society
Democracy doesn't work in ANY country. Democracy panders to the lowest common denominator, and it didn't even work in Athens, when the only people who could vote were rich males. None of the Athenian women or slaves could vote. And the only reason they could vote in the first place was because they had so many slaves doing the actual work. It is no accident that the USA originally only had white male landowners voting while women and slaves were non-voting.
Education doesn't stop corruption @@car9167
Having traveled to China and India, I will say that I cannot see a reality where India undergoes the hyperbolic growth of China, ever. China is a communist country, like the presenter says, and this comes with good and bad things, but the best thing is when the government sets their mind to growth, the economy will grow. Look at photos of Shanghai from the 1990s to now and your jaw will drop.
India on the other hand has a very complicated and sometimes backwards system. I've worked for companies that do business in India and every time we try to get basic paperwork done in the country it's like pulling teeth. Any time we are tasked with doing something in India, it's like passing a hot potato in the office, nobody wants to do it, because we all know it'll be overly complicated or we'll deal with an Indian government official whose priorities seem counter to the objectives of the country.
I do think India will grow, but we're talking 40 years before India grows to the size of China, I think.
Growing like China should not be India's priority.
There are better things to do such as poverty eradication, environmental conservation, jobs creation, education improvement etc.
Good points mate but let me point out that communism has little to do with growth. Central planning and a good vision for many years is the key. This could be achieved under monarchy and it could be achieved in a winner takes it all democracy ala Singapore. Cuba is very much a communist country and there are no signs of growth.
Reason is brutal caste system. Not communism or democracy
Communist have their own version of corruption but the retribution was even terrible. Remember the events where there's Chinese general committed suicide instead of being arrested? Meanwhile in Vietnam which is also a communist country like China, a billionaire is facing death sentence due causing he bank to fail and losing the country more than 27 billion. Imagine that...meanwhile in the west, when banks failed the government bailed them out with even more taxpayer's money.
@@MaZ-tg7ch
Cuba has been US sanctioned since the late fifties. A better example is Vietnam. I am amazed that despite years of war and destruction, first with the French colonists then superpower US, they managed to rebuild their country and economy on their own. Although Vietnam may not be as well off, they are not beholden to anyone. Like Japan and SKorea.
The Primary Job of An IAS officer posted as a Deputy commissioner is not to increase the GDP of the district, while the equivalent Chinese officer is to do precisely this. India needs ADMINISTRATIVE reforms more than ECONOMIC reforms.
My sister is a administration officer.. Her sole job is to butter her seniors to get promotion, create false accomplishments on paper, get money and sign the papers for Concerned political parties proxies, create toxic work culture inside department. 😂
@@shaikthegangsta: That is what I say. India needs administrative reforms. Earlier, our bureaucracy used to butter up Britishers, and now they do it to politicians and their bureaucratic bosses.
@@pardeeptandonread 2nd ARC report... The government have proposed reform but it's again on paper. It's not even about reform. It's about the word "Permanent job". Officer don't care about performance since their job is permanent irrespective of their job performance. Even if someone got caught while taking bribe or someone break the rule the officer will get transferred to another office ( and for that govt pay extra money for transfer) also if officer got suspended ( officer will get Half salary while sitting at home. ) Imagine officer having 150k salary got suspended and now getting 75k salary while sitting at home doing nothing... He would go on international foreign trip with family considering it as veccation lol.. and that too paid veccation.. but officer can't be removed from job... This is utter joke and no wonder everyone wants to be government officials... On paper they are answerable to people but in reality they act like that ?
@@s.a7255; Unfortunately, we are still administered by the same bureaucracy that the British structured to make us a pauper state from the second-largest economy in the world we were during the Aurangzeb ERA.
INDIA NEADS ADMINISTRATIVE REFORMS more than any other reform.
@@pardeeptandon oh what the hell you are glorifying Aurangzeb now?
I have some friends from India at work. The levels of corruption they describe make anything I've witnessed in the post soviet block countries look like innocent favours. They really need to get a grip on the local government corruption, get the courts under control. Without law applying more broadly to society they will never get the masses to power the machine.
You can't Soviet block countries rebuild society from the ground up after destroying the feudal structure, is India going to have a peasant uprising soon?
Corruption yes but old Soviet levels I don't think so... But yes corruption is really prevalent here
Yeah I was told a story about this guy here in the states on how he had to pay off so many just to get his buisness running. Then once they learned he was doing well they extorted him more.
So he came to the states.
Don't they also favor Indian businesses really hard too? I remember reading they tried that whole, "No imports. Only support our local buisness" model.
The caste system is just wild to me everytime I read about it. Not just that, but I learned that they have a North versus South racism issue. Not sure how big of an issue that is for economic growth, but I can't imagine it helps the country as a whole.
I think your indian friends might’ve oversold you on the corruption part; corruption exists yes, but post-soviet levels is a stretch but it might exist in some of the poorest states mentioned in the video.
The problem is actually bureaucratic red tape and just how slow it is to overcome
@@dianapennepacker6854 India is the graveyard of foreign corporations.
I work with both Chinese and Indian in my current workplace. The main difference I noticed between the two group is that Chinese people talk less and work more, and Indian people talk more and work less. Just my observation
Very very good observation
As an Indian, it's not wrong. I feel bad to think about my country this way, but the levels of corruption, the absolute massacre of meritocracy, and good people being punished for being good citizens due to the absolute shit process of the government, no safety for women and children, backwards society. All of this contributes to the slowdown of the nation.
Wow 😮
Ha ha these are all lies. all tech companies are dominated by Indians. Indians work just as hard if not harder.
India is so proud of its "democracy" but at the same time, it fails to realize that the populist usually doesn't make the right decisions. It makes a decision that appease the voters by disregarding if it's correct or not in the long term.
What generally follow is people who have votes usually want more shares and the "leading candidate" would have to compromise. Imagine compromising over and over, decades after decades, parties after parties with different people at the top. It's like many writers trying to continue the already existing storyline of an anime. Every person (or party) would have different preferences of how the story should be done. When it's said and done, it would be very different from what each person wants in the beginning.
To make it worse, in most cases, the candidate usually being picked by rich people or corporations that have profit motive......
Perfectly summarised
We don't have democracy we have elected kings that tend to be populist. Democracy can work without a paternalistic government. I.e. most Western European democracies.
india is no way near a democracy its hinduvtacracy
india just likes to say its a democracy the same way norht korea claims to be a democracy
china is a dictatorship where one man or a group can impose their will on a population of slaves.. this dictatorship led china to rapid growth in the last few decades.. but the days of rapid growth for china are over.. china will have slow growth from now on.. the ccp used the chinese population as slave labor to make export goods for the west.. all the money & technology came from the west to build these goods.. before that the chinese couldn't even build a decent bicycle.. western capitalists & chinese elite got rich by this model.. the relatives of xi jinping & all ccp elite live in the west.. the ccp has billions in assets stashed away in the west as well.. so the west has enormous leverage over china as all chinese elite are essentially puppets of the west.. look at the plight of common chinese today where the stock market is crashing, the real estate is collapsing & unemployment is rampant & rising.. the chinese dictatorships 1 child policy plus the rapid aging of chinese society ensure the days of rapid economic growth are over.. the chinese are getting too old to be used for slave labor.. the chinese dictatorship used an extreme growth model where the ccp elite got rich but the chinese masses are suffering & caught in a middle income trap from which they could easily fall back into 3rd world poverty..
my city in Shandong china, if you have any complain about the city, road, environment ect. you just need to call the mayor hotline, tell your requirement, there will be related administration bearu contact you within 24 hours, and the driect person in charge will be on line with you, to discuss your requirement and how they can slove it. After sometimes, if the problem sloved, then later the mayor hotline will call you back to ask if you are satisfied with the result or not. Everyone in our city can help to improve the image of city, this is just one of the advantage I want to talk about.
I’m from India I visited China and it was so clean and advanced. It was cleaner than American cities. China has done an amazing job.
@@ihmpall I haven't been to many cities in India, but the Jaipur is the one city that impressed me compared to other cities in India, it has clean road and nice air to breath. I like that city a lot.
@@lihaiyang1120 I am Australian but if you compare today's India to 2007's China which had a similar GDP as that of today's India is very different. If you see the videos of Chinese cities in 2007 is very advanced as compared to today's India. Even China was able to host the Olympics in 2008. You should look into that and think about how big is the corruption still happening in India.
@@REALITY-bq7bp Difference is that the ratio of national owned enterprise and private company of these two countries. Foreign direct invesment comes to Chinese national owned company, but the invensment to India goes to personal account. Every country has corruption it's just in one way or another, but on the national level like China, the foreign invesment can be placed in a better way.
First of all, politics and economy or money are two very different things. The economy of any country depends on its middle class population, at what rate it is growing, how much their middle class population is increasing. And now the middle class population in China is stable, only their income is increasing, so China is largely moving towards slow growth. In USA this middle class population is neither increasing nor their income is increasing, hence the reason behind their slow growth. In Europe, this middle class population is declining and their income is stagnant, hence the growth is declining. In Korea and Japan, the middle class population is decreasing very rapidly and the income is stagnant due to which the growth there is also falling rapidly. But when we talk about India, the middle class population of India is increasing and their income is also increasing gradually and when this level will reach the level of China in 2000 which according to me will happen by 2035-40. Then India can also show growth like China and remember one thing of mine, there is a huge difference between economy and politics. And also remember, a company come to a country if the country has substantial amount of people to sell its goods first in same country then outside.
Young Chineses worked for thr the betterment of their country while young Indians worked to leave their country.
那只是有高学历中国年轻人😂中国政府只青睐高学历者，中国早期开发半导体，有一个美国留学生回国诈骗了政府 20 亿人民币，导致中国政府颜面扫地，这个人是博士后！如果你是低学历者在中国生活并不好
Fact
Young Chinese in China are just trying to make enough money to live and support their families if they make enough to even support one. Youth unemployment in China is quite high.
...you stated exactly the same idea held here... even more, if there were to be a war against India and China... hold no hope for India... and if there were to be one with the US... place no bet on the US with all its sophisticated weapons... determination and will-power... or as you put it... doing it for the betterment of their country... is what gives the Chinese the edge because it is more powerful than any weapon and cannot be killed by weapons... a lesson from Vietnam.
China didn't betray their Youth unlike India. India is internally fragile, emotions, caste, ethnic reasons can overpower logic and long term strategy. How can you do long term good if you worry about public pleasing every 4 years? Fyi china funds their youth to study abroad entirely to come back to china to build in China, where as Indian banks charge high interest rates to people who wants to study abroad
Great video!! All Indian politicians should see this. No Indian media channel has balls to do this story.
Isn't it democracy and freedom? Can't you criticize?
@@alanw5364here all state parties have influence on their respective state media . They will blame each other.
@@Itbegins-nh2qw who is to be blamed? let me see..who is the one who has remained in power since independence? ale? dimag kaam nhi kar rha?🤡
Indian politicians would say it's anti-Indian propaganda by Paki / Chinese / Muslim.
@@alanw5364fuck democracy and freedom of speech, as long as i can have a good standard of living
This is why this channel is way better than "Economics Explained".
Economics Explained has fallen way off. I definitely come here way more often now.
And I actually can understand this host.
EE nowadays are mere Propagandist with typical Unrealistic American "Source is that I made it up"
Economics explained also has done while not awful morally not great stuff
@@m1l3s27 Yeah. He has fallen off but there are times he gets it right. For example he was mostly correct on his latest video on the Philippines.
As an Indian, 95 percent has lacks civic sense.
totally agree.. India is indeed beautiful as a country. But people here and their mindset is worst..
Judiciary and Bureaucracy are like curse of India. These two should be abolished altogether.
Another lesser discussed reason for ... Why? because of Democracy! & imagine if China was a democracy, its ideological borders would have remained open.. then the USA would have never allowed China to grow to this extent.
USA would have caused riots, regime change, liberal charade to pull down China's growth.
In India's case these things are also happening along with bad governance.
For e.g:- In 2014 during the Sonia administration, a report by the CBI was put on Manmohan's desk. This report contained the names of more than 300 NGOs whose actions/protest has caused India's infrastructure to fall back as much as 15 years.
USA knows there are only 2 countries which can match it and that is China & India. They couldn't control China because of Communism but have always maintained a strong hold on India because of democracy & values it propagates give their proxies a gap where they can covertly operate.
See I am not saying there aren't other reasons but this is also a BIG, extremely BIG reason which NO ONE talks about that's why I mentioned it.
Take Bangladesh for an e.g, they didn't do what Biden asked now their protest falered up so much so previous PM had to leave, coincidentally enough power goes to Yunus( a favourite of Democrats,Obama himself has rewarded him with highest civilian honour of USA, also a document was leaked by Wikileaks which contained conversation between Yunus & US govt. regarding Bangladesh so both have deep relationship)
Another example is Pakistan, USA criticiser ex-PM Imran Khan is in jail, the Pakistan Army General who played a key role in suppressing Imran Khan has very close relationship with USA.
So yeah, one of the reasons why USA (especially Democrats.. Trump was different he didn't covertly meddle in other country affairs) always try to sell Democracy and Freedom so much is because this type of governance give them access to setup institutions which can be used as proxy to control the Political, social and people's will within that country.
I must mention I am not against democracy but Democracies remote control is in the hand of USA which isn't a good thing for other democracies.
There are some deficiencies in democracy which need to be worked on but the problem is any change made in that direction will hurt USA's interest and their govt. will start calling that country pseudo democracy and Autocracy.
@@Death__0 太聪明了，在中国每个了解政治的人都赞同这点
That seems like an exaggerated claim. Can you provide a credible source or study that supports this 95% statistic? Generalizations like these should be backed by reliable data, otherwise, they remain just opinions.
I am an Indian and i cannot change my peoples mindset it sucks man.its like showing a torch to blind person.
IM CHINESE
@@wqz2781so what
@@wqz2781 Hi bro ,Im Indian living in southern part of India
@@lostsoul8055 I LIKE INDIAN FOOD，MASALA
@@lostsoul8055 But your government won't let me in
India can, maybe, compete with Nigeria, not China. Period.
Also, 75% of women in India are unemployed. One of the keys to China's success was the mobilization of female workers in the manufacturing sector. It's hard to grow an economy when you exclude half of the workforce.
Out of curiosity where did you get this 75%.
@@dylanalmeida7987Just check Female Labor Force Participation rate... It peaked in 2000s then has been falling ever since
Uhhh....what year report is this ??
Edit:- women labour force is around 33%, which was around 23% in 2017-2018, so I would call that an increment.
@@ananthuajay6470last time I checked it was growing.
I was told more Indians don't want their wife to go out and work and also parents too don't want their daughters to go out to work. The reason is chances of taking advantage by other men or even getting rape is very high. So, they prefer the women to stay at home doing household works.
Hey bud I’ve been watching you over a year now- always highly informative. I’m an Indian and it’s fascinating how well you’ve captured what we instinctively have felt for a while
He forgot one key detail that while Chinese mainlanders are known to be rude and unhygienic themselves, nothing beats India when it comes to their rivers and rape.
Actually if you look just at West India (Gujarat and Maharashtra) or South India (Madrasis) those regions growth have surpassed Chinas equivalent growth rate at the similar period. It’s only due to East India and the glut of North India particularly cowbelt that India lags behind China
@@debodatta7398 That isn't news. That's been the case since independence, and frankly even before independence. The so-called BIMARU states even literally have an acronym for themselves that encapsulates that.
If India was less arrogant, it could work with China instead of against China out of jealousy. Modi rejected BYD investment into India last year. Now BYD has invested in Europe instead 🤦🏻♂️
@@vervetech9395 So we should lose our people to China? It already illegally administraters a part of India and claims a whole state. We'd rather be poor than betray our people for money.
As an Indian, I agree! Please also throw in the huge problem of corruption and organized crime syndicates run by the politician themselves.
That is there all over the world, not only india
You are not Indian, but a Soros paid Chinese national pretending so on SM behind a propaganda account.
Few observations about this video and the comments:-
1. This is CCP sponsored video to ONLY denigrate India as a place where only wrong is present.
2. Most commenters are Chinese/ Taiwanese nationals or immigrants- again mostly on CCP paycheck. Few commentors pretend "As an India, I also agree... I also hate my country..." again most of these are Chinese or other foreign nationals who have no other benefit trashing India other than being paid.
3. Within a couple days of video, far more views and comments, All OF THEM EXTREMELY NEGATIVE. Why would Non Indians benefit from downgrading India, even if they DO NOT LIVE there ?
4. Timing is just when there are attacks by Pakistan sponsored terrorism and cross border violations by pakistan army (again Chinese link).
5. Title is misleading. Which economists? What are their credentials ? Rajan and Devesh are known Soros agents and all of their predictions went wrong. They have only mocked the poor of nation and even wished for their eradication. With money you can sponsor any bullshit crap video, pass it off as study and a reality.
Expect more such Anti India, anti Indian anti incumbent govt videos which give an exaggerated and distorted 1-SIDED VIEW ONLY. Because that is in Chinese interests.
This channel itself will churn out many videos in the weeks to come. I BET YOU, JUST WATCH OUT !
Those 2 areas you also cannot beat China in. China is probably the world leader in corruption, so much they even developed it as an export industry and yes indeed the politicians there run the largest organised crime syndicates, which they have also developed into an export industry.
@@rak24ron Why is my country not like this? It is very efficient and will catch corrupt people. There are corrupt people in your country too, why don't you crack down on them? And it is efficient only if you pay them. This is very wrong. Not every country is like India. Yours has been rotten since the beginning of the rulers.
India is a mess. Each state has different types of caste. And one will not let other develop.
Thats the beauty of my country..
😂😂😂
😂
😂😂😂
Agreed, even hindi is only spoken in some state while other state don't know Hindi. Politics are always revolving around religion. Crimes are increasing at alarming rate.
Hindu is real problem in India society
In my opinio only two reasons
1. Corruption
2. Poor education system.
Bro, It's the culture what made indian what they are now
corruption, poor education system and lack of intent.....
相信我，印度需要做的只有两件事情，就必然会腾飞！1.土地改革，2.文化革命
@@tamagawa8227 please write in English
What did ur caste achieve so far except lower pass mark from 50:100 to 30:100
Having been involved with China since 1992 , (we built more than 100 big ships and repaired more than 500 ships all over, and having been involved with the groth of the popular marathon movement) I had the opportunity to witnes the growth of China, and having visited key cities in India several times for business during the same time, yes I absolutely agree. The Chinese miracle can not be copied or dublicated by any other country. Culture, education, way of thingking and finally the "socialism Chinese style" of the governing sysyem is what has made China what it is today. Full stop.
In which way is China socialistic ... ?
@@peliculiar definitely not via the culture but in the way there is no private property and its a very centrally planned economy that revolves around the government.
@@porcelaincrown CCP owns everything but CCP ≠ China. There is an unheathy competiton among their citizens, low trust society, scams everywhere you look at. When I imagine socialism, I imagine equality among people and safety nets for the ones in problems. There is nothing like that in China, even USA is more socialistic than China in this regard.
Are you still involved with ships? Do you have ships that need to be scrapped?
@@peliculiar which way? everyway, like government is communist, house's land is owned by government, public sector economy is 30%, CCP will interfere with the economic structure, top rich can't control Chinese politics, but there's only one thing that China isn't so socialist, China embrace free trade, market economy and globalization, so China is Soviet+Japan mixed sociaty.
Government claims Viksit Bharat (Developed India) by: 2047
Realistic timeline: 2447
you go to China 😂😂
Then go to China
@@kucchbechoindia super power 2020?? Who gave this slogan ?? I nvr heard this . I heard India super power by 2047
@@buddhadevadak5752 You are a typical Indian : If he goes to China ; Does it solve India's problem
Read about them APJ Kalam sir..he had stated it you d*mb@@jayakishore3032
Only place india can outgrow China’s economy is in Bollywood movies 🍿
同意😂
However, in reality, the profits and economic scale of Chinese films are greater than those of Bollywood.
@@개고기수프 Major individual companies in China are bigger than the entire Indian economy.
Being an Indian, the last thing I want is for my kids to live in India. The corruption.... well how should I put it. From traffic stops to BSNL offices, from Tehsildar (when dealing with land) to even doctors and even schools (yes they do take bribery), every single aspect of your already awful life in this country is made even more awful.
Palku khutta
Me too 😅
You are first Indian I have come across who is not singing praises of India. All the Indians I have ever met can't stop extolling the greatness, beauty, and development in India. It seems that most of them are living in nationalistic euphoria. They are proud of EVERYTHING. Even when our friends pointed out some of the bad things, they retorted by saying that the US and other countries are either the same or far worse in those aspects.
@@QabilAGhor if people doesn't know their flaws how they correct them . I know every country has some pros and cons but focusing on too much on pros make an illusion of everything is right even when it's not .
Problem with Indian they don't take criticism as a problem to fix rather they make a mindset that if anyone say something is wrong then they are anti - nationalist that's why you can't have a proper conversation about the problem which country has been facing.😶
@@QabilAGhor Like narcassists
I came to the US in 1985.
It took about a week to incorporate, get a bank account, and sign a lease for the office on 7th Avenue.
At that time, I was impressed that I didn't have to bribe anybody.
It is ignorance if anybody thinks that to open Bank account and signing agreement needs a .bribe. I think this video is created to praise China and undermine India.
Of course US is also efficient.. if it wasn't, it would become the worlds super power.
India is just a wannabe.
As for China, they are efficient. But being a police state is not inducive for innovation and creativity. So lets wait and see how far can they government push China up.
What country did you come from?
@@FulgenceMalvenue his name indicates he might be from Sri Lanka
Yes, the biggest problem in India is systematic corruption, which somehow is not mentioned. Yes, the caste system is alive, at least in rural areas but the impact is not as much as he mentioned. Or at least, in the way he mentions it.
Tenders are floated by the government by thousands of projects. Often the lowest bidder wins. Let's say it's a million dollar project. Someone will quote 900k and win the tender. He will pay all the government officials (and trust me, there are a shit ton of them all along the way), local and big politicians, some local goons too and all the civil engineers supervising that project to NOT look at all the shoddy work they will be doing on the project. Maybe all of them will take 300k, the company will keep 300k and if luckily for us, might spend the rest of 300k on the project.
Now, this is just one area. That's how it is in every area in India. Until this changes, (which I don't see happening anytime soon), most of the working class will continue to live paycheck to paycheck.
Let me tell you the secret of the success in China:
1. the entire country works as a giant corporation. Xi is the president, premier Li is the CEO and the ministers are CxO's. Each province is a branch. The communist party is the HR system.
2. For thousands years, the mainstream ideology is a philosophy - Confucianism, Chinese always pay a lot of attention to the education, and work very hard, very discipline.
The ideology of Communism -- of paying those who do the actual hard work MORE than anyone trying to profit off them such as managers or executives - was ALSO a big positive for China's economy.
@chenmacro
"Let me tell you [...] work very hard, very discipline."
===========================================
ON THE OTHER HAND,
innumerable Indians want to:
1. IMAGINE that their culture (i.e. Hindu culture, SO-CALLED Sanatana Dharmist culture) has been the ONLY 'advanced culture' noble, ethical culture,
2. IMAGINE that all other people around the world have been either dullards and/or unethical crooks,
3. keep squabbling over irrelevant things like religion and caste (SO-CALLED Jati, SO-CALLED Varna system).
4. keep playing the victim-card.
*This problem has become much more severe since 26 May 2014 C.E., and continues to be so as on 11 July 2024 C.E.*
#1 reason of China’s success: Trillions of US$ invested there by westerners.
And don't forget another point i.e slowly capturing land from neighbouring countries
@@batista98854oh yeah its not like the white people historically not colonized asia is it not? hypocrites
why people can’t stop comparing these two countries? their difference can be the easily explained when people are looking at their olympic medal numbers 😅
I am Indian by birth, but I came to US very young and lived with Americans for most of my life. I tried to start a business with some Indians, but I noticed they were quiet emotional and improfessional with their approach. I have done business with Chinese, and it's always been a decent experience.
@@gregthegreatofficial agree, its Indian culture which is worst I have ever seen.
Would Vivek deport you Indians, or just us Mexicans?
@@DeTny-vj9nm illegals … you got your answer
you live in US, an English speaking country and use the word "improfessional" .....what a waste you are! Glad you left :D
@@DeTny-vj9nmWho Vivek?
India's main competitor is not China. It's Vietnam, Mexico, Indonesia, etc.
And Papua New Guinea
@@bopian8913😂
@@bopian8913 bro my city has 10 times the GDP of papua new guinea😂😂😂😂 and still less population!
Nope, just a handful of nations from Africa. Mexico is far better.
I think it's Pakistan at this point.
The gap in economic size is 5 times that of India. Even if China grows 4% per year and India grows 6 or 7%, the gap is still widening.
Buddy, compounding interest is very powerful. Yes, initially, the higher economy will grow more raw figure wise, but it won't take long for the smaller economy to overtake the larger if it grows consistently at 7%, while the larger grows at 4%. Model it on a spreadsheet and you'll see.
@@MountainPork22 I just did the modeling on a spreadsheet, with China at a 4% growth rate and India at a 7% growth rate and the USA at a 6% growth rate. As it stands today, it would take India around 75 years to even come close to China.
@@CombatHD3 Assuming China's GDP is actually real and sustainable. With increasing evidence to the contrary, such as the constant power cuts and the increasingly creaky infrastructure and its serious social problems, I doubt the GDP numbers are correct.
@CombatHD3 75 years in human history is nothing. Also, I believe a few years after it would overtake the country that started off 5 times larger. China took about that time to get where they are now from 1950s and most people wouldn't argue the growth was miraculous.
The original commenter said the gap would still widen, I am saying that is not true. Gap will close, growth rate is king, not where you start.
@@CombatHD3USA at 6% growth 😮
It's at 2%
As a Chinese who worked in a global company before. I have lots of experience to work with India engineer. They are more focus on report work rather than do the work. Sorry say that. But this is just my thought. Maybe because the culture is different.
In India people who are incapable of running grocery shop into profits are getting elected into governing positions and are incharge of huge provinces! How would anyone expect that those provinces would actually grow!
😁🤣😅
Businesspeople tend to make for very poor politicians on average due to the starkly differing incentive structures, so this isn't really a fair comparison. What's more important in general is for elected officials to understand and capitalize on the value of long-term investments that take years to pay off rather than immediate, targeted payoffs and for the population to understand the value of the same.
That requires broad scale education in civics and economics, something which is difficult to come by in a developing economy, which means that officials often have to take a leap of faith that the long-term benefits will help their chances of staying in office and outweigh short-term opportunity costs.
You forget the many criminals who also get elected so that they get immunity.
True like in philppine , incompetent in the govt office
Seemed many foreign scholars and analysts failed to highlight the critical success factor in China development miracle in the last 30 over years is the good and stable central government which orchestrated the country STEM education, HRM development, attracting FDI, industrialization road map, financial policies and ensure the execution at the local governments.
China is able to overcome various hurdles in the execution of their program e.g. the land is essentially public owned. So, the land required for development would be easily accessible and the stakeholders are informed and relocated if necessary.
Well if they did as you said, it’d be like acknowledging the merit of the political system of China, which will go against their narrative of universal value…
这些都是技术原因，这期间还遇到几次经济危机、金融危机、政治危机等，为什么中国可以发展这么快，关键因素中国几千年来的成功经验、文化和人民素质。
乖，我们不输出意识形态。好的东西为什么让对手学习？
That's because if those scholars bullet point the true secret sauce of China's success, they will be labelled as pro-CCP, thus cast out off the academic circle.😂
true...
😢😢 As an Indian it hurts.
Edit: Actually most of what you said is true.
Then change brother, no use crying. We have to work instead of crying.
@@desmasicbro can you get a reality check? Nobody is eating sewer oil in China. That’s a false incident in China that was blown out of proportion by western media. Oil taken from recycle was for refinery for biofuel and other products. You just can’t get past your hate about the success of China. Meanwhile in India 60-80% of the population still shit on the streets
Stay SATNAM
@@desmasic I have been to China, and China has surpassed the USA. Not a single beggar or scammer came to me. Their cities are beautiful and clean, unlike India.
The actual solution: Socialist revolution (Marxism-Leninism).
Indian and Western "experts" and "academics": NO WE NEED TO JUSTIFY OUR CAPITALIST SYSTEM AND LIBERAL DEMOCRACY, LET'S BLAME MUSLIMS AND CULTURE!
What made China big: A socialist constitution. A communist vanguard party. A meritocratic political system that puts competent people in charge. Ensuring that leadership has a lot of scientists. True democracy where most politicians come from the working class. Survey-based politics. Strong central planning. Focus on education and infrastructure. Non of which would have been possible without communist revolution and the removal of the bourgeois class from leadership positions.
The funniest part is that the guy in the video never even asked Chinese economists how they did it. Instead, he asked other Indian/Western capitalists. And that's why India (or the West) will never emulate China's growth story (which happened thanks to COMMUNISM) - they don't try and learn from China.
These "experts" go to great lengths to describe what China achieved: Better education, better infrastructure, etc. but never bother to try and understand what made it all possible (communist leadership).
Another funny part is the Western understanding of history here: "China liberalized its economy". No. Socialist countries always have free economies. What happened is that China tricked the US into allowing it to join the WTO which meant it was finally allowed to trade on the international market. It isn't China that liberalized... it was the imperialist world that liberalized. Turns out that when socialist economies are allowed to compete freely with capitalist economies... socialist economies always win. That was Deng's genius: Making Westerners believe that they were liberalizing while really maintaining tight control over everything.
By the way: "Attracting FDI" is a ridiculous lie trying to promote the idea that countries must allow foreign countries to buy up their industries and resources - FDI only makes up something like 1% of the Chinese economy. China also only allows foreigners to invest into some publicly listed companies... and when you invest in Chinese companies you get zero rights to the companies, no voting rights whatsoever, it's just a profit sharing scheme. FDI is mostly a diplomatic tool.
Half indian half serbian here. I must say its only once i visited india (dehli and mumbai) and i will make sure thats my last time there. Places are so dirty air has so much pollution, infrastructure is ass traffic is everywhere people are everywhere, overall it was a horrible experience and i like it so much better here in poland (its where i live)
Sadly😢
never go to delhi or mumbai in india Never , There are so many beutifull and peacefull places in india ,Why do u choose delhi and mumbai
@@factsmedia1702 I am going there again for family function in Keraala and will be visiting northeast India and probably Himalayan cities like Shimla and all. I hope it will be better
@Catsarethecutest13 oh u are from kerala . I am from kerala , which is the one of the most beautiful and calm places in India
@@Catsarethecutest13 go to north east , kerala ,himachal Kashmir then if u want some modern vibrance just go to some southern cities liken banglore or Hyderabad, north cities are just chaotic
There is too much infighting and discrimination between different castes, religions and states in India.
I agree 👍
Yes,...
@@Just_a_soliderofcourse for a mulla kafir existing is always a problem
@@Just_a_solider No no... its A Desert Cult 🤫
Exactly, India's biggest enemy is their own cultural BS that they desperately need to outgrow
I think one other important factor you failed to mention in detail is how in China the party members are selected based on academic and economic performance measures. Basically, highly intelligent people with distinguished degrees and governance track records permeate the party.
in some ways, china never changed. it was the same in ancient china when people took the imperial exams to find the best government officials. obviously it was an objective metric which tried to put the best candidate for the job. and they all worked under one emperor who held absolute power.
@@jjsamuelgunn1136怎么说呢，中国在政府部门工作的人，特别是决策层，这些都是专业人士，一步一步走到高位的，在中国，不允许一个商人直接当主席，它必须在地方当过官，对社会有绝对的认识，
有一句话说：专业的人做专业的事。
.........Real Socialist country North Korea is much better than India now....
North Korea is better than USA and Europe in education now...North Korea literacy rate 100%, America literacy rate 96% only and India literacy rate 78% only...
China is a meritocracy ...the west is sillytocracy !
Selected* being the keyword, by the Chinese Communist Party...
As an Indian who has been following/analyzing Indian & global economics for years, I would say this was the least partial, most accurate analysis of Indian economics I've seen in a long while. Great video as always, kudos!
its accurate but not correct, in my opinion after 2035 india will also see industrialization at massive scale, as any country growth rate is solely dependent on the middle class of that country as in china's case this middle class is now has a stable population and not increasing, but in india's case its middle class population is increasing continuously soo by my prediction by 2035 or 2040 india will also have a substantial amount of middle class people like china had in 2000's and then india will also see a china type growth rate
@@AbhishekSingh-jf7cothan talk about it in 2035. 😂
China competes with america
Meanwhile India competes with pakistan 😂
@@RaunakYadav-i2gIndian have big mouth 👄😺 not hand
Frist try make a intelligent relationship with neighbours
Why recently create a flood in Bangladesh
@@RaunakYadav-i2g I just say guys you have big mouth and a media which spreading hate 💋👏
@@RaunakYadav-i2g China competes with america
Meanwhile India competes with pakistan
@@RaunakYadav-i2g China competes with america
Meanwhile India competes with pakistan
to be honest, India even can't compete with vietnam.
India can only compare to Afganistan that more like it
India Pakistan Bangladesh they are all the same in the terms of progress and productivity
@hidolfatler yeah, BIPS are just like that. Same work and social culture, same governmental structure, same condition.
I have a friend who has a factory in Vietnam, they're almost as similar to China in business climate, there are corruption but not as much as other countries in south east asia. The working culture is also not as nuts like china.
@@EA_customersupporti would say pakistan is the worst and bangladesh is the best among the three
The late Lee Kuan Yew, founder of Singapore, said democracy would only bring regression, not progression. I fully agree with him. The success of the western nations was not because of democracy, but of other factors like education, etc.
Western countries? Colonize, plunder, suppress opponents and develop yourself!
The success of Western countries is not due to democracy, but to excellent limited liability company systems and market competition mechanisms. Democracy doesn't make cakes, democracy is responsible for dividing the cake. But it's not just Western style democracy that can divide the cake well
just replace education with colonisation and exploitation of third world countries.
The successes of the West are directly related to colonial plunder of resources and cheap labour these past 5 centuries. This now coming to an end, the ownership classes in the West are turning on their own populations in desperation as the rest of the World is now far better equipped to deny the exploiter their easy gains/profits. The current period of instability and chaos will definitively end once the US $ is put in its place and not permitted to bludgeon (sanctions) the World into accepting corporate plunder, the power of the US military already showing it decline and not able to contain all of the cou tries wanting to escape the Western domination.
In fact, most Western countries were already well-established imperial powers by the time they developed a fully-functioning democracy.
Economists often talk about a ‘demographic dividend’ for countries with a large youth population, such as India. The ability to create well-paid jobs and broad-based prosperity will determine whether the country's large youth population will turn out to be a dividend or a demographic nightmare.
Demographic dividend is an overhyped narrative. There are many nations in the Middle East, Africa and Latin America with youthful population but few are displaying any significant economic dynamism. Most advanced nations are experiencing population decline but their economy is still robust. A nation’s economic dynamism is highly dependent on what it does with its human resources and not on how large or youthful it is. A young population is an advantage but it isn’t the major driver.
@@wong3150 'Most advanced nations are experiencing population decline but their economy is still robust' - the first part of your comment is true, but this second isn't. Most advanced nations are in an economic slump, the few that aren't tend to have heavy immigration.
Industrial Automation can easily solved the production issues these days, provided with good finance system, Electricity and water, transportation and logistics.
@@ArawnOfAnnwn from what I see, "economy is robust" in Wong3150's comment was to point out the diversity and capacity of advanced nations' economy, particularly in full employment. Something, which many but a few developing countries like China, still aren't able to achieve but to rely heavily on importation, exporting a little in return.
There is no demographic dividend for India. Only the privileged rich and upper caste who afford private schooling acquire an education comparable to that offered by China and the west.
This video aged like fine wine. Indian medias are predicting and saying that they will be a 55 trillion economy. 55 TRILLION, much bigger than USA and China combined, OK?😁😆😅🤣
Drop 💧 drop 💧 drop automatically it will be river 😮
@@ancient_hist Just like "Know your meme: India superpower by 2020". When India does not became a superpower by 2020, what did India do? India says that they will be superpower by year 2047. 🤣😅😂800 million Indians depend on food aid from their government and 600 million Indians couldn't afford toilets prior to Swachh Bharat Mission 2014 and it's GDP per capita, also known as annual income of an average citizen, is stuck under 2600 USD for 76+ years since year 1947 independence. "Great" achievements, don't you think so?😁
@@ancient_hist *Title of article/research/report:*
Progress on Drinking Water and Sanitation 2014 update
*Global Source:*
UNICEF
*What article said specifically:*
India continues to be the country with the highest number of people (597 million people) practising open defecation (Fig. 17).
@@ancient_hist A recent joint monitoring programme (JMP) on water, sanitation and hygiene by the World Health Organization and UNICEF released July 1, 2021 stated that at least 15 per cent of the total population in India defecates in the open.
@@ancient_hist Hint:
1) Find out what is "Swachh Bharat Mision 2014" and what is it's purpose.
2) Find out if this comment is true. "Modi in early October 2019, announced to a crowd in Ahmedabad city that |ndia is now free of open defecation with 110 million toilets built in five years and 600 million people gaining access to them."
3) Delhi belly in American English?
Optimism about India:
People are more educated to get more foreign citizenships and Infrastructure is better to leave to country faster
Even the educated Indians have no class. Money can't buy class. Moment those so called rich and educated Indians speak, one knows their class. Behaviour wise Indian are not Asian but something else and that is Indian.
True India is suffer from brain drains
How is that optimism for India xd
Exactly.
I am studying to leave this socialist nightmare in order to move to Middle east or Europe.
I am glad we have private education to get us jobs elsewhere, and airports that facilitates leaving this socialist wasteland asap.
My motivation to study is to get lost from this nation.
Some emotional fools will say "Why don't you fix this nation instead" for them I'll say we been doing that for 75 since independence and yet failed to, i can bring no change and atleast I'm honest
True
IMO as a lay person.
India GDP 3.4 Trillion. IF India grows @ 10% for 10 years India GDP = 8.8 Trillion in 2035
China GDP 18 Trillion. If China grows @5% for 10 years China GDP = 29 Trillion in 2035.
If China grows @10% China GDP = 46 Trillion 2035
Now matter how you look at it the tangent is growing apart.
When you enter China it is like entering the 22nd century. The airports, trains, stations, malls etc are simply awesome
India must focus on eradicating corruption. Too much bribes changing hands, resulting in poor quality engineering and building materials resulting in poor infrastructure, poor roads bridges, flyovers, stations and airports, sewage, poor drinking water, unreliable electricity. HNI Indians are the highest number fleeing the country, taking billions with them.
There are also loads of social issues plaguing India like cronyism and how Indian government officials have a extremely strong tribalism mindset thus why corruption is so rife within Indian society at large.
Chinese HNIs are also running in huge numbers you can check. The govt there is biggest don collecting money from rich and controlling them. However they are helping the poor.
actually is 3.9 trillion according to IMF
First of all, politics and economy or money are two very different things. The economy of any country depends on its middle class population, at what rate it is growing, how much their middle class population is increasing. And now the middle class population in China is stable, only their income is increasing, so China is largely moving towards slow growth. In USA this middle class population is neither increasing nor their income is increasing, hence the reason behind their slow growth. In Europe, this middle class population is declining and their income is stagnant, hence the growth is declining. In Korea and Japan, the middle class population is decreasing very rapidly and the income is stagnant due to which the growth there is also falling rapidly. But when we talk about India, the middle class population of India is increasing and their income is also increasing gradually and when this level will reach the level of China in 2000 which according to me will happen by 2035-40. Then India can also show growth like China and remember one thing of mine, there is a huge difference between economy and politics. And also remember, a company come to a country if the country has substantial amount of people to sell its goods first in same country then outside. Economics of a country is very complex subject and it involves lots of complexities, and the main component to judge the economy of a country is to see the middle class population and the ability of governments to complete there tenure.
This was one of the best video i watched about my nation's economy!
I always knew that india hasn't grown the same as china but never knew why..
Thanks for clearing my doubts!
Glad you liked it
youtube.com/@jerrystakeonchina799?si=I39N00IlO8rHn8Dy 🧐
你得丟下你的偏見。🧐
@@Cannoli_JJ Well yeah, you gotta diagnose a problem before attempting to solve it. Prejudices come only next.
@@vsr3777 That seems overly pessimistic, surely like some other slower growers like the USA, India to one day can become quite wealthy.
I have worked with India and China and forget India coming close to China before several generations if ever. Nobody in the office wanted to work with India and certainly not go there. They never respected contracts, were always renegociating. I think the chinese are much cleverer.
I dont like dealing with India, they take forever to pay their invoices. Are always poor paymasters
My contractor was an indian company. Many equipment purchased from india broke down after less than 1 year or got stucked at the port for many months. i also find a serious lack of business etiquette/professionalism such as contracts were not honored, poor planning & execution, under designed engineering either on purpose or to cut cost in order to claim variation order later and a lot of over promise (talk to much, delivers too little ). I would prefer a western, korean or japanese company anytime although the cost might be higher, the confidence are there. I have limited dealings with the chinese on contracts except for a few equipment purchase. Not the best quality i have to admit but it still works after 4 years and much cheaper. If i need high quality equipment, i will go with the west/japan/korea and if i want an equipment to just do its job with a cost in mind, i don't mind chinese equipment. i believed facts speak for itself as you can hardly find any big local indian companies having global presence perhaps the only exception is TATA. Even smart and highly educated indians dont want to deal with local indian contractors.
You are absolutely right. Our company does not want to do business with Indians because their words and promises cannot be trusted at all
@@Aurica34 yupp, that's why usa has that much indians, well i say indians are talented but the problem is it dont have appropriate money to deal with its internal problems
@@AbhishekSingh-jf7co In recent months, Americans have fired more than 100 Indian CEOs, Boeing, Starbucks, Microsoft, etc. They finally realized that Indians can do nothing but brag. And you , still bragging here.
Way back in 2016, I decided to visit India after hearing the hype and how they're leading in technology and are culturally diverse. Even seen some pics online. I was shocked to see the amount of dust and pollution the country had. The traffic, the honking, the overcrowded streets, I saw cows on the road. It was fun to see but whatever I read online about India being a booming economy, didnt reflect what I saw. The people and the food were nice though.
And you didn’t have a diarrhoea after eating the food?
@@asdfghjkl92213 No. I strictly avoided street food for the most part. The ones at the restaurants and hotels have good hygiene.
@@jimmorrison903Was the hygiene as bad as some have told me?
Like I heard naked kids will be taking dumps in the street. Drunk people too. Tossing buckets in alley ways.
Also don't go to India without men if you're a beautiful woman/women is what I was told.
2016 india and 2024 India looks completely different... I also didn't believe the changes we have made in such short period could have been this drastic....
@@jimmorrison903you avoided Street food?? I live here and I avoid it so yes I won't recommend you to have any...
You are forgetting, the people are different. The Chinese are intelligent and hardworking.
Biggest problem in India is politics. It's never revolve around infrastructure education and economy growth. Politics parties appease people by freebies and divide based on caste and language.
So, who is to blame here? Politicians or people?
If elections can be won based on freebies, then that's what all parties will do. We as a society need to prioritize what we want.
Just look at 2024 campaign, free electricity free ration , money for women, money for unemployed.
Someone needs to stop this all nonsense and make our governments actually work on actual issues.
Don’t forget religion, hatred, lynching,
The Congress they started free things scheme and bjp who lost majority election this time ( nda won) they are providing free things in states they rule it's going to bankrupt everyone now @@makshay
we indians were slaves for 800 years will remain like that for next 8000 unless we stfu and eradicate the evils of this banana democracy
Infact the biggest problem is politics, caste and reservation. There has never been a country that is as divided as India. We waged war among our neighbouring states, have hundreds of languages, every state has its own language🤦. Life is very difficult for anyone who wishes to move to another state plus we are filled with linguistic pride,ex : Karnataka and tamilnadu plus Hindi belt screaming national language along with this. Above all the actual problem is the citizens,50% of who aren't even fit to live. Such classless, untruly bunch of careless citizens causing more trouble everyday. India lives exactly the way China wants India to live and progress. Very unfortunate.
As much as I love my country India and would want to vehemently disagree with everything that this Gentleman says I just cannot because he's spot on...With the kind of corruption and the entire system being affected by it there's no way India will ever be a developed nation in the near future...
He spoke the truth that never get into the heart of India's medias or the public knowledge. Otherwise India would attempt to improve itself. Since it can't, it prefer to see no evil and hear no evil of what was being said that hurts. While China enjoy learning from others, India loves criticising others, the two culture are so different.
In the near future? India can't grow like China even after centuries
@@nightowl4121 learning from others ? china? you mean copying others? and china sure does take criticism well doesn't it? get real man.
Why would you want to disagree even? This fake love for one's country no matter what is the root cause of downfall. BTW I am an Indian in India.
BUT SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🥰 🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🇮🇳🥰 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🥰🇮🇳 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN 🥰THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE🥰 🇮🇳, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🥰🇮🇳🥰🇮🇳🥰🇮🇳🥰
You missed out the Chinese Diaspora. est,60-80million
Hong Kong, Singapore, Taiwan, and Asian tigers in the 80s.
Some of the biggest private enterprises in China at the early growth period were Diaspora owned. They bought in ready-made experience in factory operations, financing/accounting, management expertise without language and cultural obstacles when she was still transitioning from a marxist economy.
Most are now overtaken/outcompeted by mainland China enterprises, but some still exists. egs Foxconn.
Totally agree. In the 1980s, Hong Kong was the vehicle for China’s growth. Hong Kong was the middleman facilitating between inexperienced China and foreign investors.
Overseas Chinese were a very important source of foreign direct investment during the early reform years when western firms were still reluctant to invest in mainland China.
Shelley Rigger wrote a book specifically on the role of Taiwanese entrepreneurs in connecting the mainland to overseas capital, technology and supply chains. [Rigger, S. (2021). The Tiger Leading the Dragon: How Taiwan Propelled China's Economic Rise] This happened at an opportune time as FDI flows for manufacturing were moving away from the increasingly more costly East Asian economies (Japan, Taiwan) and towards Southeast Asia. The Chinese economy was able to capture these flows and become the main recipient.
The actual solution: Socialist revolution (Marxism-Leninism).
Indian and Western "experts" and "academics": NO WE NEED TO JUSTIFY OUR CAPITALIST SYSTEM AND LIBERAL DEMOCRACY, LET'S BLAME MUSLIMS AND CULTURE!
What made China big: A socialist constitution. A communist vanguard party. A meritocratic political system that puts competent people in charge. Ensuring that leadership has a lot of scientists. True democracy where most politicians come from the working class. Survey-based politics. Strong central planning. Focus on education and infrastructure. Non of which would have been possible without communist revolution and the removal of the bourgeois class from leadership positions.
The funniest part is that the guy in the video never even asked Chinese economists how they did it. Instead, he asked other Indian/Western capitalists. And that's why India (or the West) will never emulate China's growth story (which happened thanks to COMMUNISM) - they don't try and learn from China.
These "experts" go to great lengths to describe what China achieved: Better education, better infrastructure, etc. but never bother to try and understand what made it all possible (communist leadership).
Another funny part is the Western understanding of history here: "China liberalized its economy". No. Socialist countries always have free economies. What happened is that China tricked the US into allowing it to join the WTO which meant it was finally allowed to trade on the international market. It isn't China that liberalized... it was the imperialist world that liberalized. Turns out that when socialist economies are allowed to compete freely with capitalist economies... socialist economies always win. That was Deng's genius: Making Westerners believe that they were liberalizing while really maintaining tight control over everything.
By the way: "Attracting FDI" is a ridiculous lie trying to promote the idea that countries must allow foreign countries to buy up their industries and resources - FDI only makes up something like 1% of the Chinese economy. China also only allows foreigners to invest into some publicly listed companies... and when you invest in Chinese companies you get zero rights to the companies, no voting rights whatsoever, it's just a profit sharing scheme. FDI is mostly a diplomatic tool.
Then why isn't Indian diaspora helping India out of poverty and mediocrity. If we imported even one million Indians who have settled abroad like in US, UK, Canada etc will they be able to turn around the India story into a miraculous one?
That's not really a valid point because you are assuming India doesn't have a knowledgeable diaspora.
The fact is BOTH sides have approximately equal knowledgeable diasporas.
So the net effect for this comparison is .... ZERO.
9 months ago, this guy put out a video titled Why China's Growth MIracle is Failing. If China is failing, then what do you call India?
you missed an important point that land in India is very expensive. Also, land parcels are smaller which means you need to convince many land owners to acquire a single large parcel of land in order to build factories. It gets time consuming and cumbersome to do that.
Land is expensive due to black money flowing in real estate. I was shocked when a national level builder was requesting to pay atleast 30 percent for a flat in a metro city in cash.
Real estate is filled with politicians black money
probably because the country is overpopulated af with not that much land compared to other big countries
India is 3.2M SQKM while China is 9.6M SQKM. So China is 3X times larger than India on paper but it does not mean anything. Even Australia is more than 2X times larger than India. What actually matters is the size of Arable land which India has plenty but still fail. Also, I agree with you in someway, the population of India is too much for a country of 3.2M SQKM. Brazil is 8.5M, USA is 9.6M, Canada is also 9.6M and Russia is 17.4M SQKM. India really has to work on its population or they are going to run out of fresh water, fish, etc...
Hahahahaha typical indian... Like always ,blaming here and there . If you can't swim you say you can't swim,don't blame the swimming trunks is too big.
@@lolyyyuwuy9542 "India's populated, China's not"
--smartest westerner
Anything you say about the reality in India, Indians don’t want to hear and you will be labelled as jealous of their growth !
Why would Indians hear sir. The problem with this country is we have talked ourselves into believing that achieving great heights is impossible. We became the first country to land a satellite into Moon's south pole but we still have people who will tell us we never can be great. Over the past decade we have built 50,000 Kilometers of national highways, millions of bank accounts were opened but still we are a nobody. If we truly were so pathetic then how did we acheive all this. Today's Indians are done hearing about limitations and comparing ourselves with a countries.
@@aniruddhrajendran7570 India has achieved great heights and you should look at both sides. As a well wisher ...
When talking about ISRO, also look at UPSC which has achieved great heights with scams.
When you talk about GDP also listen to how may are unemployed. There are hundreds of applications for one job.
When you say so many thousands of kms highway has been constructed you also need to be prepared for the oil import bill.
@@msardesai1 The way the government has controlled the narrative is also immaculate. For example the way politicians boast about the amount of roads built. But they don't say that the way the amount is being documented has been changed in recent years. The other person said 50,000 km of road have been built, but it includes lanes in it. Not just the true distance. If the roads are 2-lane then it'll come out to be 25,000 km. If 4 lanes then 12500 and so on.
We need to change our education system drastically as we are still following the British imperial way to produce workers not thinkers. Not to mention the administrative system is based on it too. With people as corrupt as can be and filled with ego and pride to the brim.
And the people's mindset with government jobs has made them incompetent and corrupt to the point simple document work requires a lot of time and often bribery.
Yes, Indians are always proud of overseas Indians, but the Chinese are not. Even though UA-cam was created by Chinese Americans and Nvidia, Indians always take American CEO as their pride😅
@@gechu-gh2ws That is the problem of the Chinese sir and not the problem of Indian people. Even if that Indian does not live in India they were born in India. We take pride in people who are born in India and who makes our name shine abroad.
China has no presence in services unlike India. Most of the top CEOs in US multinationals were educated in India. I guess you or most Chinese would not even know what Indian Institute of Technology or IIT is all about.
As a Chinese, I’ve met a lot of Indians when studying in the Uk, and I love them, they are all good people. Indian food is my top 3 cuisines, the others being Persian and Italian (i don’t really like Chinese food even as a Chinese native)
So It really confuses me when I see how their country really is. It’s mind boggling. Maybe it’s the caste system being too rigid?
Your people are disciplined,hard working
I'm teenage boy if I ever get chance I will surely like to visit your country china once
Good wishes from PUNJAB,INDIA
@@Algebra-sk5th I welcome you with my open arms mate
I have the utmost respect for China and Chinese people and I hope that China becomes the preeminent superpower this century. I say this as someone with parents from India who was raised in the USA. Some of my best friends are Han Chinese Americans.
It's the quota & reservation system, freebies culture that alienate the talented people and force them to leave for abroad. While the incompetent ones reside here and enjoy the butter.
Casteism , I wouldnt say has disappeared but is surely fading these days . Its more about classism these days .
Indians lack civic sense , the development is concentrated only in megacities causing in over migration to only a particular cities ex. Mumbai .
Bureaucracy and Judiciary and slow af . Anything to be built takes like years to complete all the paperwork.
Politicians arent there to prosper the country , they are there to fill their own pockets . Thatsssss the rant
The most important point was not said: Bribes & corruption. If you are operating a business or even a shop in India you have to pay bribes & protection money to local ,state,& fed level government + bureaucrats + local goons(extension of political parties) + local police. This is the single biggest problem. If you are Indian you know, if you're not you'll never understand.
The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
This aligns perfectly with my desire to organise my finances prior to retirement. Could you provide me with access to your advisor?
Melissa Jean Talingdan is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Palki Sharma need to watch this to help her fixation on China.
Not a chance she is totally brainwashed by the west's american dream and Indian arrogance.
Social score 100000 to u 😅
Show me one country which has grow like China in the history of the world, pulling millions out of poverty like China did, however it is a authoritarian country where entrepreneurs go missing for months. CCP prefers degrowth to loosing power, hence it is containing private companies which make them angry.
But, this video made good point, India can never have growth like China, we have inherent problems also Indians will never work like Chinese. We will remain poor for foreseeable future.
She never contradict what has been said in the video.
You need to help you fixation with her
She squawk like a parrot with given notes. No mind of her own.
India is not competing with china right now,but India is growing and will keep growing for a long time.
India is country of the future and always will be.
But palki from first news said that china is collapsing and india is rising like no other is another super power on making 😮
Palki was groped by hungry hindus in studio
Palki is a BJP tool.
Wishful thinking on her
The Chinese local governments were forced to produce target GDP increases, but restricted by regulations to raising income by land leases. A combination of resultant forces led to an immense national building investment company debt, high apartment and house prices, and newly built empty cities - many of the new buildings being uninhabitable due to shoddy work such as pipes not connected to water and sewerage. The financial system is under immense strain, young people are unwilling to have children, and complaints of pollution and bad treatment of workers rumble beneath the government-controlled internet and media happy image.😢
Foreign companies find that their welcome has trapped them, and that efforts to repatriate profits, or choosing not to oppose their home governments' discussing Chinese governmental bad actions, can result in their upper management being imprisoned on flimsy charges and loss of assets. Overly wealthy Chinese business owners who fail to soothe senior Party officials are also at risk of imprisonment and loss of assets, because the pattern of bribery being officially forbidden but practically required is not limited to India and Russia.
A couple of years, and we may see India seen as having made the better choices. Not that the past 15 years have seen really good ones, despite government propaganda. 😢
So?
Take a look at the record of Chinese performance in the Physics olympiads. A yearly international competition of high school scholars. They have by far, attained the most gold medals in the history of the competition. In second place is Iran. The Chinese are in a league of their own.
The fact that Iran is second considerably discredits the real world significance of this.
@@matiasmontaldo2616 It is to laugh.
@@matiasmontaldo2616 100% this.
China's performance in International Math Olympiad is even more impressive.
@@kreek22 without us sanctions iran would a rich countr too,,whats ur point pajt?
India has chance but very hard to chase up. China has mature chain of any industry. Educated workers and engineers.
Now Chinese companies are turning into high tech industry. like Electronic device and EV. AI. These new tech bring huge profit and tax. If Chinese company break thru the microchip tech. the gap between china and india will be bigger.
As a chinese, i can tell you honestly China never compare to anyone. Our goal is making every Chinese living in good life.
我是中国人，我的大学同学去过印度旅游，他说泰姬陵很美，但周边都是垃圾，这在中国是绝对不可能出现的
我觉得印度人可以先把小事情做好，然后再慢慢制定更大的目标，没有一个国家的发展可以直接飞跃，但可以一步一步完成
Well that is the biggest problem in India and people didn't even acknowledge it in cities it is surely the garbage problem people really throw plastic on road wherever you go their homes are as clean as a house should be but the streets are not
they dont care. everyone think its not their problem.
Back then, China was the front runner in the FDI race due to the advantages it had (education, policies, population, etc). Today, India has to compete in a very competitive field against other countries, especially those in Southeast Asia for FDI.
India does not have the infrastructure to even compete with Vietnam, Indonesia let alone China.
I agree. Southeast Asia is India’s true competitor at the moment, not China. Especially since Southeast Asia is heavily plugged into Chinese supply chains, which make them the natural choice for many manufacturers.
@@diesirae7102 The only country in SEA that could rival India in manpower concentration is Indonesia and they are hamstrung by terrible geography (in a supply chain sense - all the islands don't help). Vietnam has clearly been ahead of India in realizing potential in manufacturing but thats because it got its act together first - India's potential is still bigger.
India is a competitor to China both from the low and high end in the sense that they have the potential to take away manufacturing jobs due to lower labor costs, but argueably they have been more successful in taking away the service-sector jobs that China truly needs to escape the middle-income trap. Lower costs (Bengaluru is a shitload cheaper than Shenzhen), better English proficiency, and (for tech) less of a need to silo off operations given recent laws in China, this is before the recent geopolitical instabilites that make China less favorable.
@@MattY-ed1ep Invalid comparison. India does not have the centralized system that makes investing in a single country advantageous over a multi-country bloc. Getting approval in Delhi, to manufacturing in Assam, to programming in Tamil Nadu, to marketing in Maharastra is no different than doing all of that in four different nations. Those states all have different rules, different languages, and to top it all off, different politicians you have to bribe.
India isn't competing against any specific SEA nation. It's competing against ASEAN as a whole. Investing in "India" isn't investing in a single nation, but a collection of 27 states (and 8 union territories). And if I'm a FDI, ASEAN is far more attractive as a destination than India.
@@MattY-ed1epIndia hasn't been China's competitor for a long time. Indians like to see themselves as such but hardly anyone in the world sees that. China outsource its cheap manufacturing because wages have increased significantly and it's not a place for cheap manufacturing anymore hence why the shift to SEA.
It is found that foreign media always compare India with China, but China‘s domestic media rarely compare India.
bhai china ke media mein india ki baat hoti hi nhi bcoz for them we don't matter and they just care about how to over take USA in GDP and development ...unke pass time nhi hai bakwaas krne ka ...they have grown thier country at fastest pace ....and even if they talk about india its just about rape cases which happens and that's true
Cos they know there's no comparison.
Just like we’ve stopped caring about Pakistan because they are simply not even our competition anymore.
That’s how far behind we are from China.
Been to China and they don't give a shit about India but when it comes to US then there is heated debate 😂
@@Lakshdeep-f4z very well said.
Bruh im Indian and even without Economist telling me I know we can never grow like China because:
- Our education system lacks 2 things - education and system, they teach us 50 year old outdated British era syllabus with rote learning, there is no development of students brain/critical thinking/. Only Rote learning
- Even 90% of colleges have shit faculties, hardly any funding for research work, outdated curriculum, in my CS course we were taught visual basic a 20 year old deprecated software.
- Has the biggest youth population, but over 80% are jobless, because youth have no skills not employable. So they unable to contribute to country's economy.
- The very tiny % who have wealth may go to abroad in Usa or Germany or elsewhere and acquire both degree and skills and get settled there.
No way bro😂
India is rock star😅in manufacturing 🎉
Just like what FP and Wion kept dishing out on ytube 🎉🎉🎉
India must keep rising🎉🎉🎉
So that the global economic will thrive🎉🎉🎉🎉🎉
☝️🤓
@@Will.i.am55555that's also true story reported by wion and fp. Don't know why you are sceptical about it's legitimacy
I've always though India has a good Information Technology sector.
If they're not "educated", how do you explain that level of success?
The majority of Database Engineers I worked with were from India, and they were very good at their jobs. I don't know if those engineers resided in the USA, but they were definitely from India.
@@cotizacionesequipo1719 yup . India leads in IT.
but he is also correct.
IIT and IIITs plays a bigger part in India's IT revolution.
But we are lacking in all other sectors due to decade old syllabus and faulty system. Even IITs have old curriculum.
We need to revamp and create a solid education system to push ourselves in coming decades and bring another revolution in Indian youth.
One thing everyone has missed: In the past 30 years, one US dollar has been roughly 6-8 Chinese Yuan. At the same time, one US dollar has risen by over 400 percent against the Indian Rupee. Today, a dollar is worth 84 Rupees, whereas in 1990, it was 17. Indian purchasing power has significantly declined.
I am a doctor from India and your video is really informative and insightful
Bro where to get fake mbbs degrees we want to open hospital
@@jaishree701 UPI money to Modiji’s NTA NEET setup and get a seat!
@@DevKulkarnibot propaganda here too damn learn English first bot
Are doctors also human ? One of my friend was doctor later he cleared some government exam and now he's a postmortem Expert and believe he often ask me crazy questions like what is life ? 🤔
@@blazingguyop Lol kaash students ke paas adani jitna paisa hota bot chalane ke liye. Fir Modiji aisa mazak nahi karte students ke saath.
I am studying economics at university. I used to think it was boring but for whatever reason I now find it really interesting. I guess that’s what happens when you become an adult. Anyway, your videos are so informative and interesting. I hope I can be as knowledgeable as you one day.
What I failed to understand about finance as a kid was that it is the symptom of human stories. Numbers alone are rarely all that interesting. But when numbers tell stories.... That's pretty cool.
@@CaedenVEXACTLY I feel the same nowadays
I like the explanation how the puzzle comes together, why some country take a certain action, why a certain trade deal affect the population, and more importantly explain why a certain decision out there far away will impact my personal life and future or shape my past.
Life aren't just random waves up and down hitting me, it happens because there's a stone dropped in the past and it's wave hit me just now.
@@CaedenV Yeah once you are able to detect the narrative in every number: a story of policy, psychosocial dynamics, power, greed, conspiracy...it becomes alot more interesting. The dots begin to connect.
Great to see an open mind here. However, you please be aware of the blind belief in capitalism and democracy in Western countries. China's hybrid system is very worth noting in which the state-own and privately own companies share roughly 50/50 of the economy. The government can influence the directions of the economy which strives by private sectors and furious competition. US economy benefits most the riches. China economy benefits the majority of the people.
I've visit china 3 times and you can't pay me enough to visit india. Sometimes its that simple to tell the difference.
Visit David Zhang's channel China Insider 😂😂😂 exposes the brutal reality of China. Recycled gutter oil, tofu dreg architecture, real estate collapse, natural disasters and inflated statistics.
China provides cherry picked data to the world. Thats why China looks better but is not 😂😂😂
Ok, still i dont care about you coming or not coming.
@@AbhishekSingh-jf7co no one cares
@@Jon_zherka_77 Yess no one cares that why investors from usa and other countries came to wedding of mukesh ambani or no one cares that why us tech companies hiring individuals from india because they can compete better in market.
@@AbhishekSingh-jf7co没人关心
Many people also ignore the fact that China has been blocked or suppressed by the West and India has not! Imagine, How much would China achieve if the West treated China like India
Ahhhh west not blocked China bro what are you talking about 😂
bro the West buys almost everything from China
@@Luka-king-the-sky这是事实 怎么说没有
India has been continually criticized in the West. from the 80s till about COVID it was taboo to talk bad about China and any criticism was met by they are lifting people out of poverty. It's only lately that China has been getting some flak.You had a good 25 years of free run. Not to say China is not better than India. China did great.
It could be a blessing in disguise for China - becoming more resilient, innovative and more independent from outside source.
Several years ago we collaborated with vendors from China and vendors from India.
Chinese vendors have the advantage of relatively cheap prices in the market with a good work ethic and workers who are quite professional in general. But you have to keep an eye on the materials the other vendor use, because many other vendors from China use different materials than what they promise.
Meanwhile, Indian vendors have some smart and great people, but unfortunately not the entire collaboration team has the professionalism of some of these people, many are lazy and their work results are poor, we also experienced a lot of loss of assets and work accidents. It's a shame that smart people like that are in an environment that burdens them.
half true and half not
It's easy to visit both countries and see how the average person speaks and acts, I love India and have gone there consistently...you have to really enjoy it because it is NOT for beginners. China on the other hand, is literally futuristic asf...i have never seen a metro station operate on the level that i have seen it in China , everything is in order, people follow the rules (in most cases) and the average citizen is kind, innocent, and curious. In india, the poverty level is insane, lives are wretched, and kids are on the streets begging...just sad overall. But to me, culturally, india is the best in the world
Serpentza and laoway86 lived and worked in mainland China for > a decade and have native Chinese wifes. Here are some of their videos exposing China's dark side.
ua-cam.com/video/v2s5ce8k_Zs/v-deo.htmlsi=WRBescw0VhkbeFHg
ua-cam.com/video/38EHMvkKZzA/v-deo.htmlsi=cJYXBOVm4pM7gdwK
ua-cam.com/video/Gf4_2NAmrvc/v-deo.htmlsi=MJnoVP0ZNBHdvptz
ua-cam.com/video/un-8-o69I8Y/v-deo.htmlsi=X1ns6hppATnTi8OP
ua-cam.com/video/ABolxLUFg18/v-deo.htmlsi=VBFqrqoRIs4xQbUW
ua-cam.com/video/LH23AKBHrKw/v-deo.htmlsi=ufpC5iJqBdMkCtqg
india is one of the worst countries in the world. Indians literally want to leave that country, so not sure wth your talking about.
Two reasons to grow faster:-
1. we are not a communist country so western countries can lend more trust in FDI
2. It happened very quickly and there is alot to cover in few years so growth rate will definietly be faster .
Blatant propaganda lmao
Which city are you referring to as an example in india?
One thing I notice is many Indian posters like to use the word "IF". Then assume the "WILL happen". But IF never happens.
That's what Argentinian used to say about their country, and it turns out to be true. They became a middle income country and their economy starts declining ever since.
india 2100 vs usa 2100
This is the most satisfying, in-depth and concise review of India's economic situation that I have ever seen! Please keep up the great work.
I am Chinese, and we often discuss the differences between India and China.
Basically, the key word always falls on whether there has been a thorough land reform. Landowners in India have cut national land into countless small pieces that cannot be developed as a whole. This has resulted in the loss of basic guarantees for all power and economic operations.
China also has corruption, but usually the problem can be solved quickly if you deal with the big boss. In India, power is too decentralized, and corruption increases exponentially, making it difficult to solve actual problems.
I don't think power is too much decentralised in India.Instead it is too much decentralised in China.
Government expenditure at local level is more in China than India.
I think main problem in India is about mindset of people.
India is family oriented country.So whatever an Individual does in India he does it to his family.He do corruption so that his family can live happily.
But in countries like China people are more individualistic.
@@shrihari6860 absolutely stupid reply, taking bribes for family. Bribe is a part of our culture and is a problem. But actual issue is mediocre mindset of our people. We want to earn sitting at our homes, politicians knows that and earn vote theough this. Hence no development.
@@AnkitKumar-ww7tc yess people wasting 16 lakhs in btech and when they go to market they found no job available for them and doing rikshaw then come to delhi let me show u some phd holders
As an American I worry we are becoming more like India and less like China.
damn that hurts
Canada on the way, more and more Indian immigrants
Ya just look at your ceos lol
China's system would never work with American culture. China uses the needs of the majority to override any obstacle, and leaves much less wiggle room for individual grievances, for better or worse.
Also, for better or worse, as China is no longer poor, its citizens are becoming more and more "American" in the sense that they are more likely than in the past to exploit law and bureaucracy for their own benefit. Hence the not-uncommon phenomenon of a bridge or huge highway having to make a weird-@$$ curve to get around a house whose owner refused any amount of compensation to move out, thinking they can milk the government for more.
USA is an imperialist and capitalist country and China is a socialist country
Chinese political system is based on Meriticiracy while India is based on Democracy. Meritocracy will beat democracy any day.
CCP is not a meritocracy but a mafia party and China is a mafia state ruled by thugs. But all such centralized systems eventually collapse. Chinese economy is now buckling under pressure.
India is not a democracy lol, in democratic countries you don't harrass/censor opposition or ban videos/movies that criticize your goverment.
"bee-haar"
is the correct pronunciation
Bee-haar got it
Let's be honest Bihar ain't gonna develop anytime soon... Or ever the caste politics is too prevalent there...
bro exchanged the i and a in his pronunciation.
@@carolusmagnus1472what "pajeet frustration"?
How would you feel when someone mispronounced some place in your country?
And what frustration? He's pointing it out and the video maker acknowledged it
What's so funny about it
Does it have anything to do with spring or spices?
The biggest flaw of a lot of Western liberal democracies is that it can be hijacked by money. Just like the video said, they're afraid to raise taxes, because that would upset the rich. People vote for their own self interest, and not for society's best interest.
perfectly summed up
On the opposite side, CCP is hijacked by Xi's self ambition and not the people's best interest. People's livelihood starts to feel the impacts and the country's economy is falling apart.
You cant compare western countries to India. There are way more issues than you can fathom.
Some of these Western democracies have socialist elements of social security nets. You're referring to hyper capitalist nations like the US here.
especially when the population are poorly educated and live hand to mouth in destitution. corrupted politicians will always lie and bribe their way to power, after that, they are literally untouchable by the law.
China had (and still has ) 3 advantages over India 1. Education (as you mentioned) 2. Social mobility (the polite term for lack of class and caste) and 3. A large diaspora that provides the DFI (S.E. has large, very rich and very loyal Chinese minorities who invest in their home province).
@hassanalam4573 Whats S.E?
What DFI? Direct Foreign Investment?
India's remittances are growing and have recently hit a record of $125 billion last year. Meanwhile China is not even in second place. Do your own research and stop being a paid shill for the CCP.
@@yerri5567south east
China also has more natural resources
Democracy needs 300 years and looted resources to develop.
India lacks both and should follow the Chinese model of development rather than the Western one.
民主其实是发展的结果
The problem is like the US, a government with two party one agrees while another disagree causing slow change.
That's false in the US. Most states are run by a single party and that's why America has the fastest growing economy among developed countries
@@millevenon5853 fastest growing? Lmaof. Do you even know why the first speed train in America was delayed or canceled? Go do your own research as to why.
@@millevenon5853The United States is indeed developing the fastest, but do you want to see how much blood the United States has sucked from the world using the US dollar and the US military?
Still better then China, where that top CCP dictator makes stupid dections and if you oppose him, you get purged
Gonna disagree. At the local level, state governments are dominated by a single party sometimes.
For example, democrats in california vs republicians in texas. In other states. Of course though this is not true for every state.
Under Indian Prime Minister Modi, India ranks 115 out of 125 countries on the world hunger index, India has 42 of 50 of the world's most polluted cities, 125 out of 150 nations on the GDP Per Capita PPP list, biggest income inequality in100 years, record unemployment, 95% of educated Indians are unemployable, low practical engineering skills, historic low of the Indian rupee against the US dollar.
@daria_morgendorfferrr fraud kar ke aayega
Hunger Index is propaganda. Try Transparency Index.
@@val-schaeffer1117 Everything showing Bharat in a poor light is propaganda when the ground reality supports the index. Next, you'll say GDP per capita is high when it's among the lowest in the world.
@daria_morgendorfferrr He's a Class 7 Gujarati medium educated misfit who has lowered the intellectual, moral and cultural standards in this country.
@@val-schaeffer1117 grapes are sour, right?
Palki and her staunch supporters will faint watching this video. Definitely!!! 😂
Lol true
Can't agree on this
Ru talking about the news reporter Palki?
@@yurimakarov61 pulki shwarma
@@sirgg3847 but she sexy tho
I am an Indian national living abroad. The main problem with Indian bureaucracy is that every member, from the peon to to the top IAS officer , thinks that they are entitled to have that job no matter what. Any action against them will be a reason to start a strike ( bandh) which may paralyse the entire bureaucracy for days or weeks. Poor people will pay the price. Many foreign companies hesitate to start their operations in India.
Here's a recent example:
The "global" IT outage did not meaningfully affect China as it is technologically sovereign -- it is not using CD, which is clearly a security risk for a nation.
India, on the other hand, was impacted. Despite its reputation as a global IT powerhouse, India heavily relies on external technologies.
Yet India wasn't effected as some Western countries because their banks don even have their hardware connected to the cloud. So sometimes it can be convenient to be so far behind other countries, like India is.😛
I always hear about that india is a global IT powerhouse, however, i have never see one APP or software from india. China has tiktok, shein, temu, aliexpress, wegame, etc. My question is that where is indian it technical strength
@@chrissong2763 read about tcs giving services in usa
@@chrissong2763 Indian tech talent flees to the West, the ones that stay are given lower skilled offshored work.
@@chrissong2763zero
India is known for spices
That is about it
China's political system is much more well thought out than I knew, I knew it was a hardcore meritocracy but it was actually that important to its growth...
在中国，我们知晓小米，vivo这样深耕印度市场的巨头公司，被印度政府直接没收巨额资产。这在中国是不决对不可能的。
@@kobemaobraint6631 India is a country without commercial credit, so foreign countries will not continue to invest in India. I can't imagine why Indians would do this.
@@whisky1991q Check india's FDI and cry now😂😂😂
Chinese government does seize and confiscate large companies.
In the West, when politicians f*ck up the country, they simply resign, leaving the mess behind. In China, if CPC does so, it would be a downfall of China civilization. So guess who (west or china) has great incentive to keep country stable and rapid in development?
Absolutely true. I am an Indian and every point you made stands true.
half true and half not