Gita Gopinath, IMF First Deputy Managing Director On India's Economy, Viksit Bharat And Challenges
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- Опубликовано: 10 сен 2024
- #GitaGopinath #InterviewExclusive #ViksitBharat2047 #IMF #IndiaEconomy
In an exclusive interview with Rahul Kanwal, Executive Director of Business Today, IMF’s First Deputy Managing Director, Dr. Gita Gopinath, discusses India’s economic prospects. She notes that consumption, including in rural areas, is picking up, which is a positive indicator for the country's economic growth. Dr. Gopinath also explains why the IMF has raised India's growth projection to 7%, affirming that India is set to remain the fastest-growing economy among the G20 nations. She outlines what the government needs to do to achieve the higher growth rates projected by the IMF, highlighting the importance of infrastructure and digital reforms, education, and workforce skilling. Additionally, she touches on the need for reforms in land and agriculture sectors and discusses the impact of trade tariffs and protectionism. Dr. Gita Gopinath also comments on the employment-linked incentive scheme introduced in the recent budget, suggesting that linking it with other schemes might yield better results, although the IMF is still awaiting outcomes. When asked about India's 'Viksit Bharat' goal for 2047, she acknowledges that while India is currently the fastest-growing major economy, 2047 is still a long way off. However, she expects India to become the third-largest economy in the world by 2027 based on current growth projections. She also gives her views on addressing the widening gap between the rich and the poor in India. She also discusses the IMF's economic projections for Bangladesh following the recent crisis. Tune in to the full interview for deeper insights from Dr. Gita Gopinath, IMF’s First Deputy Managing Director, on India’s growth outlook and future trajectory.
#IndiaGrowth #EconomicOutlook #RahulKanwal #InfrastructureReforms #DigitalReforms #WorkforceSkilling #EconomicProjections #India2027 #PovertyAlleviation #BangladeshCrisis #GlobalEconomy #G20 #GitaGopinathExclusive #BusinessToday
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Shame that the interviewer says this government doesn't have majority. After being an anchor for decades, he still doesn't know the difference between party and government.
Don't you know, he is the chela of Sardesai ? 😮
cry more andhbhakt loool
please talk financially.....Risk factors are considered....Majority and minority is considered....Do not be afraid of TRUTH...The godi media were humbled by the results....contrary to the predictions of ALL GODI MEDIA...Majority of you tube news were correct when it came to forecasting election results
Yes..the government is standing on a cliff...That's for sure....
True. Nonsense interview
She is 52 years old!?!? 😯 And the anchor is 43!!!!
52? Really? She looks sexy mid 30.🥰
@@neelroy we must respect people. Stop simping.
How will there be agricultural reforms when farmers themselves don't want them?
There will never be agricultural reforms. The opposition will make sure it never happens
Right bro
Because of one foolish adanifobic state farmers of all states suffering to Market access and unable to generate revenues
@@krupalpatel6188 do in other states why govt rely on one state, start with bjp ruling state.
Farmers need legalization of MSP not your idiot reforms.
It's the rich political farmers who r mostly settled abroad who don't want farm reforms and get support from foreign powers who don't want Bharat 2grow r against farm reforms, and GG is an agent of such forces, see her track record, Harvard, hotbed of leftist anti India agendas, imf supporter of pak loans..... b aware of such moles
Very knowledgeable and balanced view as much as the anchor tries to steer the conversation into a political angle. She was quite open in saying that poverty has been lifted in big way in last 10 years, just to counter the hunger index whic they throw out by basing opinions on few interviews and throwing a wrong impression.
This dirty anchor couldn't digest that our country under Modi rule is progressing in all front and tried to show India growth story as false but Gita is very smart
We need to grow at 10% for the next 20 years. So we need to support the govt to achieve this goal
@@reardelt thats true but how to achieve
@@Reena-b7k reardelt just gave you the answer - by supporting the government to achieve this goal. I think you didnt read the second part. If you keep attacking the governments policies then 10 per cent will be out of reach. Those farm laws the govt tried to implement were very lucrative for farmers income, unfortunately the opposition stopped them
She 52 years old and he 45 years old 🤣🤣🤣🤣
@@reardeltno , UP has currently economy of 300bn dollars and it will add 36 billion dollars in 1 year calculate how much it is ?
Maharashtra has ecomy of 524bn dollars of economy and it will add 56 billion dollars in a year calculate how much it is .
Wow..I'm in awe of her!
Go and marry her
@@amansingh17935 That's a good idea 💡
@@user-fc3vr4ci1u😂😂😂.
She is 52. Please be respectful. Stop simping.
Gita Gopinath is the best economist in the world. Unlike Raghuram Rajan, she does not mix Economics with politics, which is why she is the best in her field. She is so right in saying that to achieve growth, India needs to develop all its sectors - service as well as manufacturing. May be Raghuram Rajan will learn from her and stop misleading the lefties in India.
@Lekin1234 sorry if has failed to predict Chinese disaster, underestimated Indian growth, its a puppet of usa/deep state. Gopunath is a tenured prof of Harvard, hotbed of anti India leftist lobby
Notice Kanwal's face contract as Gopinath goes in talking positively about India's financial progress!!
Education and skill training to world class standards is vital for progress.
Look at all those Bachelor degrees holders sitting in chaiwallas every day. The issue is creating employment.
Sanjeev Sanyal (EAC-PM) said that the GOI is happy with 7% GDP. When the world recovers and raises its demand, India will aim for more exports and grow faster. It is a strategic decision.
Every 7 years world go's form protectionism to globalisation need to wait for that time
He also said "Govt has no role in business". Shirking off responsibility for job creation.
@@kumar.193 he say nonsense.. ask him about taxes he will say, middle class needs to be taxed more 😂.
@@kumar.193he is right, he mean government should not run business, it should enable. Create good business environment and private business will create jobs.
IMF analysis taking strength of Indian Economy to pragmatic high level. These moment of outlook will shape our Indian polity to take graceful discussion in the parliament that will help the economy to zoom into 3rd largest economy by 2047 for sure. Not only that of economy but also the balanced approach towards healthy and graceful discussion will develop us into a Happy and Developed minds to steer the world like now (India's Leadership) for a better place.
Very useful talk۔ She has displayed her knowledge and stand in all matters ۔Gujrat and Tamil Nadu Industrial models to be made public for adoption in other states۔
The states that do not have advantage of ports should be compensated for overheads / excess expanses incurred on import of raw material and export of ready product ۔
Idk y she didn't talk about Delhi(her own state nd capital of ind) nd Mumbai (biggest GDP contributor nd has ports)
WB Is Costal State But Like Pakistan! Lawless!
Who invest ?
Isn't she a Malayali?@@SonuSharma-xx2hj
Rahul Kanwal must be very unhappy to hear what Geeta Gopinath says. He is looking for negative comments , but Geeta has all positive comments which will make Rahul sad
This is Rahul Gandhi of media 😂😂 he can't digest India's success
She was Financial advisor of Kerala Govt 😄 now lectures on economy
She is an economist so what else she is supposed to talk about, about the weather may be...sheesh.
@@mohan02 & Kerala is bankrupt now 😄 the only reason IMF appointed her is for her leftist political views.
Tamil Nadu ❤
Crux: India need a big bang reform on multiple fronts.
12:00: btw Rahul mentioned that India's per capita income to be around $8000 but it's $2,300 approximately as of latest data
Gdp ppp per capita is 10200usd
Gdp nominal per capita is 2731usd
But this year as India may become 4.2 trillion dollar economy GDP per capita nominal will go upto 3000 usd
Since Germany and Japan are reeling under recession,their GDP growth will plummet downwards in future.India will reach the third spot in another four year time span with current pace of GDP growth under the current Modi govt for sure.
Regarding the shortcomings in logistics,female employment levels,skilled youths unemployment,migrations,debt level,other structural reforms in business or labor or trade etc etc can change or improve only slowly in a pluralistic society like India harboring the biggest population across the globe..
During the Aurangzeb era, we were the second-largest economy in the world. Modi can not beat Aurangzeb's record until 2047!
Why bring Aurangzeb ?
Are you hiding behind a false name , looking at your comments in different podcasts ?
Apni ammi byah de aurangzeb ke @@pardeeptandon
@@pardeeptandon Even before Babar came to loot us, we were second largest economy. Even before profit Mohammad invented islam, we were second largest economy., We were probably number one economy during Gupta empire period, the golden age of India. To reach there again is the goal.
@@RamasArrow@RamasArrow : So you agree the Mughal rulers maintained our second-largest economic status for 800 years.
Irresponsible opposition is more dangerous for a country than without opposition.
Such a polished speaker. What an intelligent person
Kanwal forgets that before this interview, Gopinath met with Nirmala Sitharaman and got first hand and authentic information from the FM so all of Kanwal's antic are seen failing miserably!
India's education requires radical change. It does not provide necessary skills for a rapidly evolving diversified high tech manufacturing. Teaching force has to be contemporaries not irrelevant. Poor salary prevents competitive unbiased hiring. Work ethics timeliness must begin in elementary school. Dr.
Venkatesan Renugopalakrishnan
I would appreciate If Gita Gopinath talking about Indian economy its projectives short term long term based on current trends is wonderful . As an IMD MD what is her reading of the cash locks in individuals with no charging on the flow of cash into the system with multiple stagnanacy due to corruption and looting atleast i see minimum 100 people in this country locking 5 lac/10 lac crores of untilised cash stock in godowns with no circulation. Wont she feel an iIMD intereference and an audit based on IMD injectiong of funds into the system which in otherwords would probably lead to the economy to grow at atleast minimum double digit with ease and comfort. What is her support role as an IMD MD in exercising her restriction to bringdown the cash circulation situation inside and outsoide the country. parking of funds abroad by many indisviduals all needs attensiion as an audit from IMD MD. I see cash free economy in India will work wonders bringingup the current inertia to tremendrous heights in short span of time with huge growth and upliftment of the whole system as a whole . Dr K L Sundarkrishnaa
Thank you
Wow!
The anchor has mentioned that the present govt at the centre has no majority and hence, he asked, can it carry out big economic reforms needed to fuel the economic growth to a higher trajectory so that it can by 2047 achieve the status of Vikasit Bharat of Modi’s dream. Saying this govt doesn’t have majority is wrong. It’s NDA which is a prepoll coalition of like minded parties which got the absolute majority of 292 seats and hence formed the govt without any need for seeking vote of confidence. So this wrong peddling of electoral narrative by a responsible news channel in an important show is most disturbing and disappointing. It’s definitely malicious and intended to damage India’s dream of vikasit bharat. Secondly on income disparities the anchor should have done some home work in how the major economies too suffer from income inequalities. In a democratic capitalist economies where most of the economic activity is profit driven and being in the private sector there will be disparity in income distribution. And in our case it’s also true but govt spend on housing, health, education and other welfare measures is quite huge and bridging the gap. You may not see it translating in cash terms but it helps enormously to bridge income gap. It’s an accepted fact in public finance where it’s called Transfer Payments. Thirdly Farm Laws which were enacted are basically intended to increase the farmer’s income by empowering them to sell their produce at a rate profitable to them instead of selling to Market Yards. But media did not support govt but supported Saheen Bagh agitation proped up by brokers, commission agents and dallals. So how can rural incomes would rise? Why this double standards? Supporting agitations and criticising govt. Media should stop this game.
Rahul, please don't say it again that rich are getting richer and poor are getting poorer. She has corrected you and clarified it.
She was the personal economic advisor to CM in keral, and look where kerala is in right now! 😒
Ya Communist are known for destroying countryy
She tactfully withdrew from that post after observing the activities of the Kerala Govt!
no lol it was not her fault. Kerala has a lot of communist unions which never ever ever ever let businesses to flourish.. Today the communists have made Kerala a welfare state completely.
Nice.
She is only talking about Business numbers. As long as Indian population hang on to Brahman Vaadh and Manu Vadh, no amount of investments and policies will help.
She is 52 years, i can't believe this, she is like in 30 yeara
Poppycock at best! First, let’s not get swayed by her being the Deputy MD of the IMF. Second, I haven’t seen an Indian economist yet whose thinking is out-of-box. Parroting the same damn things that Indians want to hear and see is not being devoted to the field of economics. Was startled right at the start of this interview when she attributed the weak consumer spending until last year to the poor rainfall. There was absolutely no mention made of the high inflation that has gripped India since 2022. That’s the key reason for the weak consumer spending. It’s so insidious that inflation is still very much present today. The high interest rates today are a testament to the persistent and stubborn high inflation. It gets worse when she says consumer spending has been on the increase this year. But it’s not going to be getting any better. High inflation has cut into people’s savings. Furthermore, the improvement in consumer spending is because of massive freebies that have been given away. It’s going to ebb soon. Freebies are not going to last forever. Moreover, the high inflation has even made the freebies more expensive to the govt and consequently less effective than intended.
Inflation’s a disease as Nobel Economist Milton Friedman put it. I still can’t believe that she’s talking of India’s being able to hit the ambitious targets with such high inflation around 5%. How can any Indian economist be so off the subject they love? If they’ve got the hang of economics, then shouldn’t they be afraid of policies that bank on monetary expansion called for by govt spending beyond revenue for economic growth?
Kudos to her for being the Deputy MD at IMF, but she absolutely doesn’t come across as one who is devoted to the field of economics beyond the ability to side with the irrational rhetoric that’s been going on since 2019. If things were all good as they make it out to be, then how come the elections returned a major change in the demand of the masses?
Also, this has been a ploy of the west. To deflate and derail us. First they got all Indian Americans to be CEOs and through them emptied our coffers ($2B handoff to Micron) and gave our personal data away (Google, Microsoft). Now been on a gaslighting mission for a while. Complacency is what they’ve targeted and it’s what they’ve achieved. Complacency is what the west uses cleverly against a very emotional populace.
Need to learn from the Chinese. See reality for what it is. $55T in 2047 is just impossible if we’re banking on a growth rate of 8% along with an inflation rate of 5%. Just as I had said back in 2021 that $5T by 2024 is impossible through the mechanism of monetary expansion alone. Cuz inflation kicks in and increases inequality. GDP growth without the intended per capita GDP growth is of no consequence. The rich will have become filthily richer, but not the vast majority who get beaten by inflation and become poorer. And that’s not going to make us a developed nation. Nor is it going to help us achieve the target of $55T by 2047.
BTW, a High GDP or being the third or second, or even the first, largest GDP isn’t necessarily the hallmark of developed nations. What is is a high per capita GDP alone figuring in the upwards of $40K regime. People and Indian economists really seem to be on a trip to delude themselves.
current inflation rate is 4.85% which is well within the rbi guideline bracket of 2-6%
@@mytechnicalway3624 Well, I would not take whatever the RBI says as sacrosanct. Yet to see sane economists using inflation as part of a growth strategy.
First and foremost, the source of inflation is us individuals. We like to sell high and buy low everything. That’s why we haggle with a vendor. On average we balance each other out. Plus good old Adam Smith says provided the monetary supply is held constant, there isn’t extra money to bring about inflation.
When Indian economists (including those at the RBI) include an inflation figure between 4 & 6%, it is clear they’re using monetary expansion as the basis on which to achieve economic growth. Right away, it’s a no-no.
Once again, Friedman’s discovery of the science of monetary expansion is very important. He’s very carefully explained (with data from various countries) that monetary expansion is to be done in response to growth in economic activity to make sure the current monetary supply doesn’t stultify the increases in economic activity. The timing of monetary expansion he emphasized is very critical. Friedman’s also explained (with data and an equation he came up with that explains the data) that any monetary expansion done (in advance) to boost economic activity results in high inflation. Given these reasons above, what the RBI and the Indian economists are doing is plain incorrect.
Unfortunately, monetary expansion in advance of any increases in economic activity is always what India did. Have watched it since the 1970s.
Finally, it’s silly to target an inflation range. No economist does it. Simply because no one has a handle, direct or indirect, on inflation. They merely tweak the interest rates like knobs when the inflation rate starts to rise sharply in the hope that it may come down. It may come down. But it doesn’t do easily. Just look at what has happened in the west since 2022. The inflation rate didn’t come down as intended. It’s very stubborn. Clearly indicating that even turning the interest rate knobs doesn’t help us bring the inflation rate down. In India too, it’s the same story. All the more reason therefore that a range for the inflation rate like the one which Indian economists have provided is wrong. They’re doing this only to be able to rely on the mechanism of monetary expansion for economic growth. It’s like climbing up an escalator going down.
“We cannot solve problems with the kind of thinking we employed when we came up with them.” -Albert Einstein
She is extremely knowledgeable.......Intellectual
For whos intrest
Hard to comprehend this bullish projections for India, coming up short so often!
Just like CEO said 14 hours should India start 6 HRS work in manufacturing as traffic takes 2 hrs and should increase the D group salary in all companies including government and private then only the consumption will increase with out D group or last labour should get minimum wages for 6 hrs to be fixed
Give free education all over India...then no of consumers also increases atleast next generation
Who knows!!!She too might have an indian portfolio!!
When things are going better each egg head will come out and self praise. I think India hasn’t done much drastically different in terms of execution (plan and theory everyone in India says) than that of Man Mohan Singh eras. I would also like to mention many states are still struggling nothing much have changes in the last decade maybe Modi’s place Gujarat may but rest of India??
All hate-Questions & flushed down by Gita Gopinath. Gita ji is aware of the intentions behind the questions.
Can't believe she as as old as my mother. But she looks like my sister
The issue with these experts, advisors, financial experts, is that they dont give any practical solutions, they will vomit what they studied in colleges with lots of figures which is prepared by many government agencies,,, garbage in garbage out ,,the solution for creating jobs , is by reducing interest rate on LDO ,, at present interest rate its not possible to make profit by taking LDO from banks and financial institutions,,, LDO interest rate are presently dependent on demand and supply,,, of course the demand for LDO will allways be very high, so demand must not be the criteria for interest rates,, total world needs to reinnovate the financial systems, interest rate and its calculation methods ,, money is only an instrument used by governments to make the people productive, deciplined, and for buying and selling,,,, its only like animal fodder used by the butcher to lead the animals to the slaughter house,, he doesn't give any real value for the animal fodder, 🙏🌹
1. CORRUPTION - POLITICIANS AND GOVERNMENT OFFICIALS IN ALL THE DEPARTMENTS AT EVERY LEVEL
2. JUDICIARY SYSTEM NEED A COMPLETE CHANGE
I am not optimistic about Indian economy..may be top 10% will do better..but I think her salary is speaking more of her then she staying in India and earning the same money
IndiaToday, why so much negativity on INDIA?
Mam but consumption is directly promotional to income 98% income reducing even in corporate sector lacs of jobs vanishing government may increase free ration from 90 crore to 120 crore
Rahul's tone in the interview should be changed he unnecessary gives ups and downs.......😮😮😮😮
when was the poor getting richer and Rich are getting poorer.... I have not seen this happen any time in past 2000 years...
Rahul..u don t worry about the uncertainty of the govt. They r ok..they ll get even stronger..let her express herself..just hear it...😅
India is growing, but the question here is why is the youth of this country does not have employment? The answer lies in two facts. Firstly, labour intensive sectors are not growing rather shrinking and industries and service sectors which require less labour is growing. Secondly, as Gita pointed out. Human development in terms of education and skills have not grown and the research and innovation has fallen behind and will take time.
Here lies the main crux of the issue. This government for the last 10 years has completely neglected both the human development and research development . While countries like Israel and China have spend more money than other countries for the research and development of new technology, we have invested in building statues and image building.
Why is the host parroting some random standby like “poor are getting poorer” that completed not true for India.
Modi hai tu Mumkin hain
How diplomatic you want to be?? She : Yes.
IMF gives Thumbs up to India, the recent budget announcements and vision 2047.. surprise that it comes from this lady who was for a hobnobbing with the Commies in Kerala
Her father is closely connected to CPM in Kannur Dist.
She should be in bollywood industry 😅
Rahul u were surprised to know that IE will be 3rd highest by 2027 ?
We know everything, but we don't do anything . Our authority is competent they are best in crack exam only.
Will Rahul Gandhi agree with Gita's analysis? We should give some credit to the current government and Modi. Overall, they are doing well and making the best efforts to maintain balance in democracy and its limitation. Rahul Gandhi is bad for the country, his socialism and freebies won’t work in India. Capitalism is the only solution, Temporary there will be higher gap between poor and high performer rich. and we shouldn’t worry about billionaires-they are job creators. We can address income disparities once we surpass the global average. As long as billionaires continue reinvesting in job creation, it’s fine. The real issue lies with those, like certain kings, politicians and multi national, who take money out of the country.
Do we require more elections to liquidate the cash corrupt locks in india . How to get over this issue . Is it cash free economy only solution or any other reforms which would in otherwords support grow exponentially. I see this cancerous in india . Judicial processes and strict regulatories at several level s like price control and tax reforms all as a wholistic structural reforms which is going to help
Dr K L Sundarkrishnaa
Ma'am you are too cute
Curbing the corruption would give more opportunities to less privileged people...that in turn reduces the economic imparity
Income inequality may be rising, but to say that "the poor are getting poorer" is just a lie. In fact the poverty ratio has fallen from 12% in 2011-12 to 5% in 2022-23.
Seems to be blogging down on US slow down.
This Woman was Born in India and has lived in the United states. Then why does she have a Spanish accent.
Discussion on India's economical path, and bringing in a Jihadi communal country(Islamic Republic of Bangladesh) in between is simply not one.
The government has a full majority, couldn’t have formed the govt otherwise. The largest party in the coalition does not have a full majority on its own, just like Rahul Gandhi’s party did for two terms. Unless he thinks 2/3 majority is ‘full majority’. BJP had inflated expectations with their previous two wins.
we dont believe in imf like un designated organization but we certainly believe in independence agencies 😂
Gita is a far left leaning economist. Most of her past predictions hasn’t hit the mark and her suggestions have fallen flat including her commentary. Now I am concerned that she is predicting better growth for India and I hope it will not turn out like her past predictions!!
IMF should stop giving money to Pakistan because it has huge defence budget it should divert it to the economy.
Such a negative minded host, one can ask crucial questioning in a positive attitude
Gita Gopinath will be called andhbhakt by rathee fans
This lady is just cooking things up.
D’Costa. We understand your type.
No point touring India Gita even if Modi proposes Obama will not appoint you as the next MD - IMF...yiu have made enf money return to Dschoo and teach micro eco
We need to listen to Raghu Rajan. He is practical and to the ground. Economic growth in india belong to a few industrialists while crores of our people are in poverty.
do u fall in that category where u r going through a destitute?
Reghuram Rajan is a crony of congress and too biased
Rajan is a bookish guy, professors are good for teaching
good joke
Why as an Indian paying different rates for fuel … between states??? Time to speak the same language as of we stand by same national anthem and flag… !
In reality, doubt India will grow as projected with all the politics and corruption all around. Unemployment is a stark reality of economic downturn. Numbers are fudged.
Looking for validation on our policies.... Interviewer still is in pre modi era 😂 ...this shows interviewer is not in youth age
She is a economics expert and deputy president of imf whats wrong taking tips from them
Anant Ambani ke haathi wala ladoo khichdi kha ke Rahul kanwal ke dinag mein charbi chadh gaya hai 😂
Shame on India Today and its anchors for their shoddy and ingenious journalism.
In fact , IMF must have declined 0.02% instead of increasing.
There are sharp decline all across world, how India is away from it??
IMF/world bank should not pressure on India by expecting 7% growth rate.
Yes, we Indian have ability to achieve as target set by IMF but world bank and IMF must cut blank cheque to development in various aspects to prove.
I hope IMF Dy MD can take appropriate measures to load more fund for India.
Hope I N.D.I Alliance don't say Gita Gopinath is BJP😂😂
Rahul y don't take raga interview tv channel This type lefis of questions never shaw you in fever of Modi or bjp your always favourite raga Or pappu
She looks 32 but she's 52
ഇതൊക്കെ കേൾക്കുമ്പോൾ നമുക്ക് പുച്ഛം. 😂 മലയാളി സ്വയം തൊഴിൽ കണ്ടെത്തും. "നാളെയാണ് നാളെയാണ് നമുക്കെടുപ്പ് കേരള ലോട്ടറി ഓണം ബബ്ബർ.. " 👍🏻😆
Gita works for western lobby!
IMF is a time.pass for media and this kind of discussion is waste of time. India is not running at 7% gdp , first IMF should confront govt but doesnt and wastes media time
Jobless GDP 🤣😂🤣😂
Actually. Joblessness is all over the world. China's youth unemployment is 45%, yet they are growing between 4 to 5%.
@@srinisbir87811 million Chinese r trying to enter usa illegaly 😢😢
Consumption growth.....U earn by hook or crook( corruption accepted) ...spend to purchase consumer goods....blatant mindless consumerism......This growth may not sustainable....bubble at any time bursts.....neglected agriculture,.cost cutting ai automation renders skills outdated@ lighting speed....political ,business,bureaucrats corruption manifolds...
@VinodBandari-ps5yd if unemployment in China for loong, then yes, you can expect Chinese migrating to India.🤣😂
@@srinisbir8781 nooooooooope I don't want my country to face another brunt of covid
Guys she is 52😮. Looks like 25😅
With people like Rahul, PC, et al Bharat will never become a developed country....
Why consumption is 4% and GDP is 7-8%? If one looks at the historic data.. they will find the gap between GDP vs consumption is 0.5-1% max..
Because gdb growth doesn't only contain private consumption it also contains government expenditure + cad - subsidy since subsidy is decreasing so gdp growth was higher for last year
Consumption increases CAD and fiscal deficits. UPA's growth model was consumption based due to unsupervised private lending, leading to bad bank loans, etc. The current govt. is stimulating economy through CAPEX, which boosts the GDP w/o public consumption. At a time when the world economy is at its ebb, there is no point in consuming more than you can export. Times are different. Therefore, the modus operandi of GDP growth is different. Hope you understand.
@@srinisbir8781, you're justifying jobless growth?
@@srinisbir8781 US economy is growing better than what they did in the past.. India is a consumption based economy.. consumption comes through jobs and we are close to 10% unemployment rate.. at historic highs.. come to US.. everyday lakhs of Indian youth come for jobs by all routes..
CAPEX spending should result in jobs and consumption.. simple logic - what is produced needs to be consumed.. we already started seeing this.. Reliance started to fire there employees due to low demand
GDP is not based on consumption but production
You can manipulate numbers to get your message across.
Wonderful news that India is set to become the world's 3rd latest economy in a few years.
Have you seen that state of your public schools and hospitals, the mess of your electricity distribution, the pathetic state of your sewers and sanitation, the shanties and ghettos in every major city, the pollution of your rivers and lakes, the non existence of potable water distribution, the cows and dogs everywhere, the rubbish everywhere etc, etc.
Carry on painting a superficial picture of the development of India and it's economic growth and an "advanced economy".
Ask her why is IMF giving billions of funds to Pak!stan ? 🙄
Jai shri Ram
Don't go by what IMF is predicting or saying . They are basically money lenders on interest basis. Overall percentage of IMF loan to India is very low as compared to other s . What IMF is trying to establish is pump extra loan and push big words here . IMF don't have any credible financial foot hold in India
Stupidity of anchoring is here asking poor are getting poorer..
Where is this in India ?
On the ground now, i see the beggars on the roads reduced except mafia beggars some times..
Look at this traitor Kanwal look sad hearing positive things and compliments feom a third party global authority. Kanwal you are on the wrong side so no more antics.. get that straight!
IMF... Well, don't you guys sake like banks?? 😊 Just asking.
She is a lot of hoo-haa, nothing she forecasted about India during covid and post was even close...so I take these so called 'experts' with a pinch of salt..
Another Rahul.... How many Rahuls, we need to tolerate in our life...
Remove this guy. He has no credibility to talk about finance, growth and world.