None of his views got green light from govt . Govt did and have been doing exactly the opposite ie moving people from agriculture to manufacturing instead of moving them to services. So how come he be responsible?
He would have suggested to the Chinese that you've missed the industrialization bus, so don't venture into manufacturing. 😂 Right now, the Indian government is giving a PLI scheme to the textile sector, so he would say just buy it from Bangladesh. 😂 In 2006, Intel was considering semiconductor manufacturing in other countries and India was one of the likely options. However, when Intel reached out to India, it got no response from the government. I assume these bureaucrats thought, "Oh, Taiwan is already making semiconductors, so we've missed the boat or bus or train" 😂
No country has become developed through foreign remittances. What kind of an argument is this? The best minds in the country must find ways to stay in the country and build large scale businesses. Relying on remittances will not make India prosperous. Heavy investment is needed in the field of education and research. That's how countries build new technologies and intellectual property.
What do you mean by train has left the station for manufacturing? Goods and products need to be manufactured. Who will manufacture those? I believe in future we will see manufacturing very similar to as we see agriculture. Not high paying but absolutely essential. India due to it’s population can be a major manufacturing nation!
Exactly just imagine china saying they have missed manufacturing bus in the 90s because computers will take over. This guy has a looser mindset and makes me think he has it because probably govt removed him. These beurocrats have lobbies to threaten govt. modi govt has average 4.5% growth because there was a pandemic which independent India never faced.
@@vetricara1149 It will, but I believe it will be a switch to robotics. It will be hard for who don’t do any manufacturing to do manufacturing. But country who are already doing cheaply can automate one process at a time
@@AkshitAgarwal-dj2ocpeople who are in a trade will always find improvement in it. Hence china has the lead. As he said manufacturing as a bus has already passed. We need to find something else.
Long term issue is lack of investment in Education. India spends $12B, Chine $800B. India has a literacy rate of only 76%, how is this possible? China is 97%. These are facts. Not a political statement. India need to invest $100B a year minimum to become even a middle income country.
@@jackbal7623 Facts🤦😂 India spends about 4.5% of its GDP on education, while China spends about 4%. You will spend what you have, and since India's economy is nearly five times smaller than China's, it cannot match China's spending amount.
Subhash Gargs's likes today should be sent to China to learn how they have solved similar problems. There is no point in wasting time reinventing the wheel.
these babus are part of the reason indian economy has underperformed. what do you mean by "the manufacturing train has left"? in the future, will things not be manufactured? they still need to be made somewhere. why should India not rake in those profits?
Yes right- don’t manufacture- but think education, sports and other service sector can make high paying jobs- that’s questionable. India needs to remove the tariff barriers so imports can boom for some time followed by rupee value falling and then exports will pick up.
Why did you remove this and re-uploaded? I had 10 mins of old video left.. Any form of censorship 💀? Considering former video was critical of certain policies.. But anyway, amazing interview. Do more of these kinds,secretaries, intelligence Chiefs, economists..
The first term of NDA was lost in sweeping the mess of 10 years of UPA . We wrote off mountains of bank and public debt and scams related losses and fixed a paralyzed, crippled political economy and administration. Growth of 2004 to 2012 was directly related to global growth. The second term of NDA was lost to Covid and its aftermath. The plugging of political gangrene in public deliveries, and series of administrative reforms has made us ready for the leap ahead . This author has a deep prejudice against the present govt. He will never give credit where it is due..
Lol. You are finding it exceedingly difficult to accept the fact that Modi did unprecedented damage to the Indian economy. The fact of the matter is that he has been one of the worst performing prime ministers of independent India. He failed in everything ranging from foreign policies to economy.
Certain services based markets are dependent on some core manufacturing industries. So it would be good to have some of your own established top manufacturings. Ex : semiconductors , solars. Cement..etc etc. manufacturing isnt going anywhere. Machines wont replace all 100 employees of earlier present ones. Rather it would likely half it or even 1/4th it..depends rather on industry.
The bane of country is corruption in administration and politics. This man is typical career admin guy who ignores his back and points at agri field of which he hardly seem to know of. Like corporatising is only solution. Nearly half of the fit people are in urban area where unemployment is rampant. So blaming farmers who are sustaining cheap food in the country and employing reportedly half the countrymen is way off the mark. Surely pl don't venture to blame agri while happily selling the books.
Increase in brain drain would lead to increased remittances and inturn help economy to grow. Interesting thought. I wish the speaker could have dealt a little bit on corruption as well. Comparing UPA time corruption with that of today would have put things in perspective.
This guy has a looser mindset and makes me think he has it because probably govt removed him. These beurocrats have lobbies to threaten govt. modi govt has average 4.5% growth because there was a pandemic which independent India never faced.
So this guy thinks hundreds of millions of working age Indians should be working in services and not in manufacturing??? Is this fellow serious? Online gaming industry? 😂 Whaat But then, i noticed he is an ex-baboo. That says all you need to know about him and his ideas 😅
Whole india is talking too much about gdp growth, 3 rd economy, 10 trillion dólar economy, infra structure boom, super power, digital revolution and all these nonsense instead of first focussing on our basic needs and for our better life style and better quality of life. Where are the solutions for poverty, wealth distribution, education, health. care, justice, shelter, jobs, sanitation, cleanliness, pollution, higiene ??? We are still very much under developed and uncivilized with no civic sense, no education and no respect. The first problem of india is our third class democracy where everyone does what he or she thinks is best for him or her and forget the others. The second problem is our religion And the third is our mindset
The growth in our GDP during the Manmohan Singh decade was 2.83 times in dollar terms, while Modani's decade achieved only 2 times. The Sardar achieved better growth. Even the increase in GDP per capita was at a faster clip during the Manmohan Singh decade. Moreover, in UPA, our SENSEX grew FIVE TIMES, while the NDA, following right-wing policies, could only Triple it. Hence, the left-leaning Congress has done CAPITALISAM better than the BJP.
Lol..😂Congress had put the Indian economy in bad shape by 2014. Now compare India with other countries in a similar time frame. GDP change(04-14) BRIC economy. China +430% Brazil +266% Russia +222% India +181% India was the least-performing economy during the 2004-14 period in the BRIC and was put into fragile five of the world. Now do compare the GDP change between 2014-24 and see why IMF termed India a bright spot in the global economy. And Congress also knew that the economy wasn't doing well, that's why they expected India to become the third-largest economy only by 2044. And no discussion on the economy can happen without Banks, congress government left the Indian banks in an absolutely poor situation by the time they went out of power in 2014. Per capita income: Compare the change in per capita income of India viz, other developing countries in the similar time frame(04-14) and (14-24). Total Equity Market Capitalisation: 2014: ₹74 lakh Crore, 2024: more than₹400 lakh Crore..
In the last decade, India has become more of a trading nation than that of Manufacturing. The contribution of Manufacturing to our GDP goes down every year. Today, it is more profitable for Bajaj to manufacture its electric press in China, Put its label on it and sell it in India. This has led to his shutting down his factories in India, making India's demographic dividend a curse. A trading nation will permanently lose to a manufacturing nation in a war. Hence, the policy followed by our Sangie government has the potential to become a security risk.
Cooperatives like Amul have successfully reduced middlemen ( BANIA) in milk products. Today, it is illegal for a farmer to put his produce in a pickup truck and directly sell it at the Lajpat Nagar market in Delhi. Our Sangie government does not allocate them an area in our markets to sell directly to the buyer.
Oh god, it's like these people are realising what the farm laws were all about. Stubble burning without Diwali crackers, check. Repression of markets by APMC and Milk unions, check. Now waiting for them to stumble onto FCI, produce quality, water consumption & cancer belt😂
We need much more educated Labour to provide services. It requires fewer skill sets to convert a farmer to a factory worker than to make him a service provider in banking or IT. The Sangie government has reduced our education budget as a percentage of our GDP in the last decade. Our R&D spending has also gone down. These bureaucrats will never tell us we need ADMINISTRATIVE reforms more than ECONOMIC ones. We are still administrated by the same set-up that the Britishers set up to loot us and make us a pauper state from the second-largest economy we were during the Aurangzeb era. Unless the MAAI BAPP attitude of our IAS is replaced by able Managers who know how to manage our economy and society and are promoted based on performance rather than seniority.
Bangaya hota 1)75 saal se cow prevention Act (Unconstitutional Act) People have lost Trilions of Dollars 2)Cow Shelters Act 3)Facists Bharat's Economy based on plundering level of Borrowings (IMF did warned )
In 2019 Amit Shah told he will take over Aksai chin & PoK China retaliated with Doklam & Galwan, they used aggression to push trade but not without taking away Indian territory. IAF's MIG21 was shot down, IAF pilot was paraded and this incident shamed India's image, IAF shot down it's own chopper due to confusion. The IAF pilot praised Pak army and condemned Godi-Modi media, but Modi awards him VEER CHAKRA, for doing something he did not !! Elect jokers, expect nation to become circus.
These bureaucrats are primarily responsible for present condition of this country.
About brain drain if u watch a podcast of ranveer where S.Jaishankar was invited, he had the same opinion.
None of his views got green light from govt . Govt did and have been doing exactly the opposite ie moving people from agriculture to manufacturing instead of moving them to services. So how come he be responsible?
He would have suggested to the Chinese that you've missed the industrialization bus, so don't venture into manufacturing. 😂
Right now, the Indian government is giving a PLI scheme to the textile sector, so he would say just buy it from Bangladesh. 😂
In 2006, Intel was considering semiconductor manufacturing in other countries and India was one of the likely options. However, when Intel reached out to India, it got no response from the government. I assume these bureaucrats thought, "Oh, Taiwan is already making semiconductors, so we've missed the boat or bus or train" 😂
No country has become developed through foreign remittances. What kind of an argument is this? The best minds in the country must find ways to stay in the country and build large scale businesses. Relying on remittances will not make India prosperous. Heavy investment is needed in the field of education and research. That's how countries build new technologies and intellectual property.
Spain Portugal
For them to stay, you have to create conditions that are favourable to them
About brain drain if u watch a podcast of ranveer where S.Jaishankar was invited, he had the same opinion.
Most of the children of Indian bureaucrats are sent to Sattle abroad . Unlike China we have poor education and lack of patriotism.
He is exactly kind of guy we don't want in government
Exactly
About brain drain if u watch a podcast of ranveer where S.Jaishankar was invited, he had the same opinion.
@@D.2601 he is also a bureaucrat his son is also in america
Govt did and have been doing exactly the opposite. We are still 3rd world country
India has to get its fair share in Manufacturing!! 17% of population and 4% of manufacturing does not work !!!
What do you mean by train has left the station for manufacturing? Goods and products need to be manufactured. Who will manufacture those? I believe in future we will see manufacturing very similar to as we see agriculture. Not high paying but absolutely essential. India due to it’s population can be a major manufacturing nation!
Robotics , AI and e print will remove any advantage associated with cheap labour. The world is now going to raise barriers by tariffs.
Exactly just imagine china saying they have missed manufacturing bus in the 90s because computers will take over. This guy has a looser mindset and makes me think he has it because probably govt removed him. These beurocrats have lobbies to threaten govt. modi govt has average 4.5% growth because there was a pandemic which independent India never faced.
@@vetricara1149 It will, but I believe it will be a switch to robotics. It will be hard for who don’t do any manufacturing to do manufacturing. But country who are already doing cheaply can automate one process at a time
@@AkshitAgarwal-dj2ocpeople who are in a trade will always find improvement in it. Hence china has the lead. As he said manufacturing as a bus has already passed. We need to find something else.
About brain drain if u watch a podcast of ranveer where S.Jaishankar was invited, he had the same opinion.
Indian current gdp is 3.89 trillion dollar according IMF not 3.58 T..!!
Long term issue is lack of investment in Education. India spends $12B, Chine $800B. India has a literacy rate of only 76%, how is this possible? China is 97%. These are facts. Not a political statement. India need to invest $100B a year minimum to become even a middle income country.
I don't understand why govt don't want focus on education and research and development
@@sumitnimawat7408 They focus on short term issues. Only priority is to get elected.
@@jackbal7623 Facts🤦😂 India spends about 4.5% of its GDP on education, while China spends about 4%. You will spend what you have, and since India's economy is nearly five times smaller than China's, it cannot match China's spending amount.
Subhash Gargs's likes today should be sent to China to learn how they have solved similar problems. There is no point in wasting time reinventing the wheel.
He is the bureaucracy which India doesn't want
He is a perfect 🤡
these babus are part of the reason indian economy has underperformed. what do you mean by "the manufacturing train has left"? in the future, will things not be manufactured? they still need to be made somewhere. why should India not rake in those profits?
Why usa and europe are not taking those profits?
@basudutta1694 because their labor rates are not competitive with China. Southeast Asian countries can provide labor at a rate competitive to China
Yes right- don’t manufacture- but think education, sports and other service sector can make high paying jobs- that’s questionable.
India needs to remove the tariff barriers so imports can boom for some time followed by rupee value falling and then exports will pick up.
Mr Gerg lacks clarity of thought. How such bureaucrats can frame proper
policy for development?
What a contrast with your interview with the former CEA!
Why did you remove this and re-uploaded? I had 10 mins of old video left..
Any form of censorship 💀? Considering former video was critical of certain policies..
But anyway, amazing interview. Do more of these kinds,secretaries, intelligence Chiefs, economists..
Hey! We noticed a technical glitch so had to re upload. Thanks so much for watching the interview :)
Taxation to common people causing the growth barrier. Reduce the tax burden of common people.
The first term of NDA was lost in sweeping the mess of 10 years of UPA . We wrote off mountains of bank and public debt and scams related losses and fixed a paralyzed, crippled political economy and administration. Growth of 2004 to 2012 was directly related to global growth. The second term of NDA was lost to Covid and its aftermath. The plugging of political gangrene in public deliveries, and series of administrative reforms has made us ready for the leap ahead . This author has a deep prejudice against the present govt. He will never give credit where it is due..
Lol. You are finding it exceedingly difficult to accept the fact that Modi did unprecedented damage to the Indian economy. The fact of the matter is that he has been one of the worst performing prime ministers of independent India. He failed in everything ranging from foreign policies to economy.
Demonetization was an attempt to revive the economy!!!! 😂
Without education no country can progress. Become a developed country.
Certain services based markets are dependent on some core manufacturing industries. So it would be good to have some of your own established top manufacturings. Ex : semiconductors , solars. Cement..etc etc. manufacturing isnt going anywhere. Machines wont replace all 100 employees of earlier present ones. Rather it would likely half it or even 1/4th it..depends rather on industry.
The bane of country is corruption in administration and politics. This man is typical career admin guy who ignores his back and points at agri field of which he hardly seem to know of.
Like corporatising is only solution. Nearly half of the fit people are in urban area where unemployment is rampant.
So blaming farmers who are sustaining cheap food in the country and employing reportedly half the countrymen is way off the mark.
Surely pl don't venture to blame agri while happily selling the books.
More brain drain! The Brain is in the Drain. Just like our great Prachaar mantri Shri Surendranath Modi!!🤣🤣😂
What a clown. These babus are the main reason for the clog in our system. We need our own doge.
bot spotted
@@ravitejagangineni9070 Nice spot. How many rupees you get?
do i feel deja vu or this is released earlier also? why again uploaded?
Increase in brain drain would lead to increased remittances and inturn help economy to grow. Interesting thought. I wish the speaker could have dealt a little bit on corruption as well. Comparing UPA time corruption with that of today would have put things in perspective.
This guy has a looser mindset and makes me think he has it because probably govt removed him. These beurocrats have lobbies to threaten govt. modi govt has average 4.5% growth because there was a pandemic which independent India never faced.
So this guy thinks hundreds of millions of working age Indians should be working in services and not in manufacturing???
Is this fellow serious?
Online gaming industry? 😂 Whaat
But then, i noticed he is an ex-baboo. That says all you need to know about him and his ideas 😅
Whole india is talking too much about gdp growth, 3 rd economy, 10 trillion dólar economy, infra structure boom, super power, digital revolution and all these nonsense instead of first focussing on our basic needs and for our better life style and better quality of life.
Where are the solutions for poverty, wealth distribution, education, health. care, justice, shelter, jobs, sanitation, cleanliness, pollution, higiene ???
We are still very much under developed and uncivilized with no civic sense, no education and no respect.
The first problem of india is our third class democracy where everyone does what he or she thinks is best for him or her and forget the others.
The second problem is our religion
And the third is our mindset
What does he mean by rest of population should indulge in sports tourism dance. Wtf do they contribute to economy
The growth in our GDP during the Manmohan Singh decade was 2.83 times in dollar terms, while Modani's decade achieved only 2 times. The Sardar achieved better growth. Even the increase in GDP per capita was at a faster clip during the Manmohan Singh decade. Moreover, in UPA, our SENSEX grew FIVE TIMES, while the NDA, following right-wing policies, could only Triple it. Hence, the left-leaning Congress has done CAPITALISAM better than the BJP.
You are a con IT cell anyway.
Lol..😂Congress had put the Indian economy in bad shape by 2014. Now compare India with other countries in a similar time frame.
GDP change(04-14) BRIC economy.
China +430%
Brazil +266%
Russia +222%
India +181%
India was the least-performing economy during the 2004-14 period in the BRIC and was put into fragile five of the world.
Now do compare the GDP change between 2014-24 and see why IMF termed India a bright spot in the global economy. And Congress also knew that the economy wasn't doing well, that's why they expected India to become the third-largest economy only by 2044.
And no discussion on the economy can happen without Banks, congress government left the Indian banks in an absolutely poor situation by the time they went out of power in 2014.
Per capita income: Compare the change in per capita income of India viz, other developing countries in the similar time frame(04-14) and (14-24).
Total Equity Market Capitalisation: 2014: ₹74 lakh Crore, 2024: more than₹400 lakh Crore..
It not 2.7 trillion it is 3.9 trillion . Sir get your numbers right first.
Wasted my time in this podcast , well the channel is great but this interview just tanked
In the last decade, India has become more of a trading nation than that of Manufacturing. The contribution of Manufacturing to our GDP goes down every year. Today, it is more profitable for Bajaj to manufacture its electric press in China, Put its label on it and sell it in India. This has led to his shutting down his factories in India, making India's demographic dividend a curse.
A trading nation will permanently lose to a manufacturing nation in a war. Hence, the policy followed by our Sangie government has the potential to become a security risk.
Cooperatives like Amul have successfully reduced middlemen ( BANIA) in milk products. Today, it is illegal for a farmer to put his produce in a pickup truck and directly sell it at the Lajpat Nagar market in Delhi. Our Sangie government does not allocate them an area in our markets to sell directly to the buyer.
Oh god, it's like these people are realising what the farm laws were all about.
Stubble burning without Diwali crackers, check. Repression of markets by APMC and Milk unions, check. Now waiting for them to stumble onto FCI, produce quality, water consumption & cancer belt😂
@@rutvikrs: Please explain why it is illegal for a farmer to sell his produce directly in the Lajpat Nagar market?
@@pardeeptandon It was illegal between the 80's and APMC act, 2017, not now. The government did not want farmers to be "exploited" by capitalism.
Tandon, the 🤡🤡 talking as if India was a free market heaven under Khangress government ha ha.
You seem to be smoking some really strong stuff.
@@ThePolymerisst: I have never said what you are alleging. I believe Congress was a better Brahmin Party than the Sangies we have now.
Worst babu i have ever seen. These laid back babus are the main reason for what we are today
We need much more educated Labour to provide services. It requires fewer skill sets to convert a farmer to a factory worker than to make him a service provider in banking or IT.
The Sangie government has reduced our education budget as a percentage of our GDP in the last decade. Our R&D spending has also gone down.
These bureaucrats will never tell us we need ADMINISTRATIVE reforms more than ECONOMIC ones. We are still administrated by the same set-up that the Britishers set up to loot us and make us a pauper state from the second-largest economy we were during the Aurangzeb era. Unless the MAAI BAPP attitude of our IAS is replaced by able Managers who know how to manage our economy and society and are promoted based on performance rather than seniority.
Consider aurangzeb your father.
Lol Aurangzeb. That tells me everything about you.
This babu mentality has ruined india
What a 🤡
Bangaya hota
1)75 saal se cow prevention Act (Unconstitutional Act)
People have lost Trilions of Dollars
2)Cow Shelters Act
3)Facists Bharat's Economy based on plundering level of Borrowings (IMF did warned )
Muslims can leave for pakistan.
Muslims can leave for pak.
In 2019 Amit Shah told he will take over Aksai chin & PoK
China retaliated with Doklam & Galwan, they used aggression to push trade but not without taking away Indian territory.
IAF's MIG21 was shot down, IAF pilot was paraded and this incident shamed India's image, IAF shot down it's own chopper due to confusion. The IAF pilot praised Pak army and condemned Godi-Modi media, but Modi awards him VEER CHAKRA, for doing something he did not !!
Elect jokers, expect nation to become circus.
Yes, people should elect the biggest "non joker" named Pappu instead.
Very good point Srinivas! Brilliant!