Is India Broken? The Divide between the The Poor & The Elite | feat. Ashoka Mody | Ideas Lab 14
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- Опубликовано: 23 мар 2023
- This is an episode for those who want to hear an alternative view of the world's largest country. McKinsey has said we are living in the “Indian Century”. Morgan Stanley believes 20 percent of global growth in the next decade will come from India. Our guest today, Princeton economist Ashoka Mody, has a different view, which he details in his new book: “India Is Broken”. He argues that there are two Indias, a successful, highly skilled and educated elite and a billion-plus population that remains very poor. Mody believes that this dangerous equilibrium is maintained by a close link between the government, big business and, in some cases, organized crime. This association produces projects that attract capital and headlines but leaves an employment deficit of over 100 million jobs.
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Episode Timestamps:
04:14 - Introduction to Ashoka Mody
10:19 - The development path of East Asia
14:41 - The path that India did not take
19:32 - The path they did take
23:37 - Different versions of India
30:37 - What is Hindutva?
34:09 - The Guljurat model of development
39:34 - A corrupted government
46:17 - Finding the accurate data
51:45 - Press freedom in India
54:37 - India - the new China?
56:53 - Building a better India
01:02:23 - Key takeaways from Niels
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In GDP PPP India is almost 3x poorer than China and over 5x in nominal terms. Similar amount to 20x less populated UK. Considering 85% is below the average, numbers are staggering.
We people of India are very happy in our nation. These foolish will never understand the oldest civilization existing in world 😂😂😂
@@shobhitdagur1086 According to the UN 2023’s World Happiness Report India is 126-th of 137. All of the countries below are in Africa. It was pretty similar in the previous years.
If you feel differently good for you. At the end that is all that matters.
There were/are civilizations older than Indus in the Middle East, South Africa, Australia or even South America. Yet it is still impressive.
_Democracy_ should be the endgame of an economy, *India* got it too soon. As long democracy thrives, India will continue to see a land of divided people, and rhetorical politicians. It doesn't matter if party X or Y or Z comes to power.
India’s huge under developed population is also an impediment to the country’s growth. In spite of being the fifth largest economy in the world, we rank 136 in per Capita income. For India to rise to a developed nation in terms of per Capita income, is a well nigh impossible goal. The extreme centralization practiced by ever government that has ruled India since Independence is another mill stone around the nation’s neck. The massive disparity in wealth among the people beggars belief. I totally agree with Dr Mody.