To answer the question asked at the end of the segment, in a nutshell, I think more exports bring down the country's trade deficit. Exports also make bilateral relations stronger. And also, an economic relationship can't be easily broken down. India, even though it is not on good terms with China, continues to be one of the biggest exporters to India.
Informative. Key Question is should India be fully export oriented when world is deglobalising? Also, is comparing to Vietnam or Thailand right? Sure we shd take the best of the practices and implement them. Bit we can't do so blindly..many talks of Vietnam coupler much with China - which India doesnt want to be (we are going anti China in many cases - like no to RCEP etc)
In history all countries that developed above 10% were dictatorship whether China, South Korea, Hong Kong, Taiwan and Singapore. Capitalism loves dictatorial systems as they can exploit workers easily. This doesn't happen in rights based societies.
developed countries themselves developed on the back of colonies, slavery, exploitation of workers for many years. Rapid development requires a benign directorship. Must India follow the same path? No. It's too late to implement benign dictatorship in India. . India will muddle through at her own chaotic pace, but it will eventually get there.
@@MattsFikezolo-lo7wq democracy is best, it might be slow but it never kills 35 million people as China did under Mao. We must remember that while development is the objective, it mustn't leas to grave harm to others.
India could learn that Vietnam has relationships with China. Vietnam is more interested in improving the lives of it citizens and not interested in another useless war. Boggles the mind to know that India, a nation damaged almost beyond repair by colonialism, chooses to be an enemy of China in compliance with the very nations that did so much damage. India's pride keeps its government from focusing on all 1.4 billion of its citizens. China over thirty years pulled 800 million out of grinding poverty. Do what's right for every citizen. Good luck
just now saw stats from statista which mentioned Vietnam produced 170 million units in 2022 and India this was 144 million units. We are 15 times the population of Vietnam and we cannot compare ourselves with Vietnam as we are having domestic consumers and cannot solely depend on exports to improve the forex. In future with the increase in production capacity we would reach and overcome them
Lot of the prerequisites required for better exports are being fulfilled except that the decision of capital allocation is based more on election outcomes than a concrete economic policy.
First they said it was ‘ease of doing business’. Then they said it was ‘industrial policy’. Then ‘infrastructure’. Now apparently its ‘innovation policy’. A simpler explanation is that manufacturing trade is driven by geopolitical considerations and availability of pliant female labor. India does not hit the sweet spot in either of these factors. Best to focus on what we already have a lead in, services.
India needs to be selective and less restrictive in allowing imports of inputs. We should gradually increase tariffs on inputs and in selective manner. For ex- initially allow free import of inputs but then increase gradually.
Full facts not shown. If you look at trade to gdp ration of India it is 50%, while china is 37%. Even in 2007 the gap between India and china was only 3 to 5% when it comes to trade to gdp ratio.
a fifth of entire exports from vietnam goes to china and also their highest investor into its industry. its connected physically and politically to china since independence. bad example
India is following the wrong model. We should follow the american model allow greater internal free trade and gradually reduce the import barrier while supporting domestic champions. We cannot follow vietnam as political systems are too different.
Why is the government so reluctant to reform the labor laws. Is it to protect the big industrial houses at the expense of workers? Very sad that for all the boosting by Indian Ministers, India is way behind Vietnam in manufacturing. Shame that after 10 years of the Modi government, manufacturing as a percentage of the economy has shrunk to 13 % from 15 %. The promise of making manufacturing into 25 % of the economy by 2025 is a BIG LIE.
Politics and corporate companies are always related to each other and majorly in india there are divided state wise. For example some state politicians are in favour of the corporate companies run by their own state individual's and these corporate companies will act as a monopoly and they will capture the market domestically and when it comes to exports they were completely incompetent. In india this is happening at present and to break this chain it is absolutely impossible. Another factor is revenge politics in india is very high. These are the actual reasons in which many media channels are afraid to show. For any businesses all the technical factors will be mostly same only but the persons involved in implementing them both political and corporate sector companies are the only key.
Because export brings foreign exchange And under flexible exchange rate system ,after bretten wood conference, central bank would print more money and purchase issued treasury bills which leads to more money in the hand of people and people could demand more .
Skilled workers and good healthcare is the best human capital for the economic development. Both formal educated citizens and un educated citizens lack skills. Another is very low female participation in the work force.
To answer the question asked at the end of the segment, in a nutshell, I think more exports bring down the country's trade deficit. Exports also make bilateral relations stronger. And also, an economic relationship can't be easily broken down. India, even though it is not on good terms with China, continues to be one of the biggest exporters to India.
Informative. Key Question is should India be fully export oriented when world is deglobalising?
Also, is comparing to Vietnam or Thailand right? Sure we shd take the best of the practices and implement them. Bit we can't do so blindly..many talks of Vietnam coupler much with China - which India doesnt want to be (we are going anti China in many cases - like no to RCEP etc)
How else is India going to create jobs?
In history all countries that developed above 10% were dictatorship whether China, South Korea, Hong Kong, Taiwan and Singapore. Capitalism loves dictatorial systems as they can exploit workers easily. This doesn't happen in rights based societies.
developed countries themselves developed on the back of colonies, slavery, exploitation of workers for many years. Rapid development requires a benign directorship. Must India follow the same path? No. It's too late to implement benign dictatorship in India.
. India will muddle through at her own chaotic pace, but it will eventually get there.
@@MattsFikezolo-lo7wq democracy is best, it might be slow but it never kills 35 million people as China did under Mao. We must remember that while development is the objective, it mustn't leas to grave harm to others.
BJP has 300 seats and govt. in most states too, they can pass any law they want
Only making excuses for 10 years
India could learn that Vietnam has relationships with China. Vietnam is more interested in improving the lives of it citizens and not interested in another useless war. Boggles the mind to know that India, a nation damaged almost beyond repair by colonialism, chooses to be an enemy of China in compliance with the very nations that did so much damage. India's pride keeps its government from focusing on all 1.4 billion of its citizens. China over thirty years pulled 800 million out of grinding poverty. Do what's right for every citizen. Good luck
China cant even make a map properly 😂😂
just now saw stats from statista which mentioned Vietnam produced 170 million units in 2022 and India this was 144 million units. We are 15 times the population of Vietnam and we cannot compare ourselves with Vietnam as we are having domestic consumers and cannot solely depend on exports to improve the forex. In future with the increase in production capacity we would reach and overcome them
It is a dictatorship rule there. we can learn very little
BJP has 300 seats and can pass any law they want
Indians are only making excuses
Lot of the prerequisites required for better exports are being fulfilled except that the decision of capital allocation is based more on election outcomes than a concrete economic policy.
First they said it was ‘ease of doing business’. Then they said it was ‘industrial policy’. Then ‘infrastructure’. Now apparently its ‘innovation policy’. A simpler explanation is that manufacturing trade is driven by geopolitical considerations and availability of pliant female labor. India does not hit the sweet spot in either of these factors. Best to focus on what we already have a lead in, services.
India needs to be selective and less restrictive in allowing imports of inputs. We should gradually increase tariffs on inputs and in selective manner. For ex- initially allow free import of inputs but then increase gradually.
Full facts not shown. If you look at trade to gdp ration of India it is 50%, while china is 37%. Even in 2007 the gap between India and china was only 3 to 5% when it comes to trade to gdp ratio.
Before discussing about economy of any country , we should more about government working system . Vietnam working system is same as China.
a fifth of entire exports from vietnam goes to china and also their highest investor into its industry. its connected physically and politically to china since independence. bad example
India is following the wrong model. We should follow the american model allow greater internal free trade and gradually reduce the import barrier while supporting domestic champions. We cannot follow vietnam as political systems are too different.
But the very Americans you want to copy, they flock in Vietnam and China to invest their money. India will develop, no doubt, but not at China's pace.
@@MattsFikezolo-lo7wq True
Why is the government so reluctant to reform the labor laws. Is it to protect the big industrial houses at the expense of workers? Very sad that for all the boosting by Indian Ministers, India is way behind Vietnam in manufacturing. Shame that after 10 years of the Modi government, manufacturing as a percentage of the economy has shrunk to 13 % from 15 %. The promise of making manufacturing into 25 % of the economy by 2025 is a BIG LIE.
answer = for current account surplus
Politics and corporate companies are always related to each other and majorly in india there are divided state wise. For example some state politicians are in favour of the corporate companies run by their own state individual's and these corporate companies will act as a monopoly and they will capture the market domestically and when it comes to exports they were completely incompetent. In india this is happening at present and to break this chain it is absolutely impossible. Another factor is revenge politics in india is very high. These are the actual reasons in which many media channels are afraid to show. For any businesses all the technical factors will be mostly same only but the persons involved in implementing them both political and corporate sector companies are the only key.
Because export brings foreign exchange
And under flexible exchange rate system ,after bretten wood conference, central bank would print more money and purchase issued treasury bills which leads to more money in the hand of people and people could demand more .
Nice, soon we'll be talking about taking lessons from Africa on how to develop 😞
Skilled workers and good healthcare is the best human capital for the economic development. Both formal educated citizens and un educated citizens lack skills. Another is very low female participation in the work force.
Indians will not allow their daughters to work far away from home and live in dormitories because she will be shunned and disqualified for marriage.
Very poor analysis
A mouth peace of China 😂😂
YOU are why india can't even dream of competing with even Vietnam.