India needs Administrative reforms more than economic reforms, as we are still administered by the same bureaucratic structure that the Britishers used to make us a pauper state from the second-largest economy we were during the Aurangzeb era. Our bureaucracy makes laws that stifle capitalism & entrepreneurship. It needs to be reformed.
Maybe / Maybe not. What is certain India has never seen mass wealth creators in its history. Can the government intervention help? Reduce bureaucracy, however, a significant amount of Indians believe that the government is their solution and will never be. The market will help those capable of helping themselves in the first place.
List of People you should never trust. 1) Christine Fair 2) Ruchir Sharma 3) Tanvi Madan 4) Sadanand Dhume 5) Ian Bremmer 6) Max Boot 7) Bill Kristol 8) Brett Stephens 9) Fiona Hill 10) Anne Marie Slaughter 11) Anne Applebaum 12) Peter Zeihan 13) Michael Mcfaul 14) Michael Kugelman 15) David Frum 16) Fareed Zakaria 17) Siddharth Varadarajan 18) Vir Sanghvi 19) Barkha Dutt 20) Nidhi Razdan 21) Shekhar Gupta 22) Pranoy Roy
Capitalism means cut throat competition. To be first among equals. Tecnology has made capitalism as winner takes it all. Theoretically, everyone gets a chance to go ahead based on their risk taking and skills and other human capabilities. But try competing against already rich people with their tentacles across the globe and you will continue to stay in your garage tending to your startup.
Firstly consumption of items/resources per capita or any statistical standards will be highest in America. Poorer americans feeling that socialism is a better option is a relative feeling; like ask the countries of the "global south" what they want..socialism or capitalism...anyone can guess their answer....there exists a nexus between capitalism and politics which needs to break...bail-outs were necessary to be done..otherwise the poorer americans would be left no better...
what to do ? zombie companies also need for job creation to sustain people salary bills....In india we dont have jobless claims...Govt. may be thinking funding Zombie companies seems better than jobless claims....interest rate cuts benefits both zombies & true
@@pardeeptandon Possibility is there, But west too heading towards Socialism. Until they can reverse their monetary policy, I still have faith in India
Subscribe now to stay tuned for all episodes of Icons With NDTV Profit!
India needs Administrative reforms more than economic reforms, as we are still administered by the same bureaucratic structure that the Britishers used to make us a pauper state from the second-largest economy we were during the Aurangzeb era.
Our bureaucracy makes laws that stifle capitalism & entrepreneurship. It needs to be reformed.
Kuch nahi hoga ,babu log kha jayenge
Alien will rule the world sounds more possibility than what you're asking for 😂, Just make your money in equity and leave this nation
@@aloktiwari8456: Remember what happened in Bangladesh recently.
@@aloktiwari8456politicians have always found bureaucracy, judiciary a heavenly bodies to hide behind.
Follow Sanjeev Sanyal
Amazing insights by Ruchir Sharma as always !
Great start to the series!
Priceless !! Gratitude - Rameshbhai ❤
Amazing conversation...more to go
The irony is that Rucir works for Rockefeller !
He is a firm believer in capitalism. His angst is that government intervention has corrupted capitalism.
At the end of the day, Ruchir said today that he will not invest in our stock market as other emerging economies are available at cheaper valuations.
Right time-Right stocks
Banking stocks:
Consolidation since 5 months & Undervalued. Expecting 30-40% run.
SBI: 1000
BoM: 92
Canara: 140
BoB: 300
SIB: 40
Yes: 34
ICICI: 1400
Axis: 1400
HDFC: 1800
Yeah even their are PE are less as compared to their market cap or books
It's a fact India isnt going to be a developed country by 2047. But delusion is good to cope with being stuck here for most😂
Maybe / Maybe not. What is certain India has never seen mass wealth creators in its history. Can the government intervention help? Reduce bureaucracy, however, a significant amount of Indians believe that the government is their solution and will never be.
The market will help those capable of helping themselves in the first place.
Good discussion Ramesh Damani slways brings wonderful stuffs for improve one's knowledge
Excellent interview. Worthy interviewer to match
Powerful insight on market and economics❤
My name is Shawn. I am your subscriber. I watch all your videos. I especially like challenging videos.
Superb interview.
Great new show 🎉
Best stock market show ever
Fun to watch !
Fantastic chat
List of People you should never trust.
1) Christine Fair
2) Ruchir Sharma
3) Tanvi Madan
4) Sadanand Dhume
5) Ian Bremmer
6) Max Boot
7) Bill Kristol
8) Brett Stephens
9) Fiona Hill
10) Anne Marie Slaughter
11) Anne Applebaum
12) Peter Zeihan
13) Michael Mcfaul
14) Michael Kugelman
15) David Frum
16) Fareed Zakaria
17) Siddharth Varadarajan
18) Vir Sanghvi
19) Barkha Dutt
20) Nidhi Razdan
21) Shekhar Gupta
22) Pranoy Roy
Capitalism means cut throat competition. To be first among equals. Tecnology has made capitalism as winner takes it all. Theoretically, everyone gets a chance to go ahead based on their risk taking and skills and other human capabilities. But try competing against already rich people with their tentacles across the globe and you will continue to stay in your garage tending to your startup.
Great show...
Insightful Wisdom
INDIA 🇮🇳 needs to grow
10 - 12% for next 20 years to be a developed country 👍✌️✔️
Terrific 🎉
Everyone work for Fed is not easy to make good decisions
Mr Damani is the bestttttt
Enriching analysis
As expected, it is just brilliant.
Now Im thinking how to get a job at Rocjfeller or blackstone?
What is the entry level for mukesh ambani's Lotus chocolate?
What's wrong with having more social welfare spending and Capitalism coexisting?
In terms of the fact that
How many zombie companies exist in India as on date?
All. Otherwise infy owner wouldn't have wanted youth to work for 70 hrs a week
And business owners wouldn't have spent time tweeting
Firstly consumption of items/resources per capita or any statistical standards will be highest in America. Poorer americans feeling that socialism is a better option is a relative feeling; like ask the countries of the "global south" what they want..socialism or capitalism...anyone can guess their answer....there exists a nexus between capitalism and politics which needs to break...bail-outs were necessary to be done..otherwise the poorer americans would be left no better...
👌
Heavy burden of income tax ruining the backbone of middle class, no body /no govt is actually serious about it.
what to do ? zombie companies also need for job creation to sustain people salary bills....In india we dont have jobless claims...Govt. may be thinking funding Zombie companies seems better than jobless claims....interest rate cuts benefits both zombies & true
As a percentage of GDP, the FII & FDI inflows have REDUCED in the last decade. So, has India become a Vishva Guru?
Bad sound....thabks Will listen later
Pump baby pump baby pump
Ruchir survives by eating pollen in the air.....once in 3 days.
Ramesh Damani - should you not intervene a little less while the guest is speaking -
CHAMCHAS DON'T TALK ON DHADHAGIRI IN INDIA.. POVERTY IS INCREASING & PEOPLE WILL COME ON ROADS VERY SOON
Joblessness has become world phenomenon. Many countries are struggling due to this. Still India is growing which is verified numbers.
We are headed the Bangladesh way.
@@pardeeptandon Possibility is there, But west too heading towards Socialism. Until they can reverse their monetary policy, I still have faith in India
@@roxymax8917; Every G-7 country has more Socialist policies than India.
Need a more intelligent anchor
Book ki booking k liye tv ka use jabardast 😂😂😂😂😂...