India’s next economic surge | Hinrich Foundation
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- Опубликовано: 8 сен 2024
- India is poised for another growth boom in the coming years, fueled by improved infrastructure, increased financial inclusion, and less red tape, yet it remains a difficult place to do business, says Manu Bhaskaran, founding CEO at Centennial Asia Advisors.
India has experienced periodic growth spurts but lacks the sustained high growth needed to surpass China. Challenges such as goods trade deficit and limited participation in global value chains continue to pressure its currency and constrain economic expansion. However, steady growth in modern value-added services, infrastructure development, and a young population make India an attractive destination for foreign investment, which is seen as a ‘shortcut’ to inclusive growth. Foreign investments play a crucial role in establishing robust supply chains and increasing export competitiveness. Manu Bhaskaran highlights the need for India to leverage the on-going global economic shifts by attracting investments to strengthen its manufacturing capabilities and maintain high growth levels.
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He is right when he says India needs to do more and at a greater speed. But we are a democratic nation. Look at farm protests changing things isn't easy in India
Democratic countries are very easy to manipulate by outside forces, that's why the west keeps promoting democracy for all poor countries to keep them poor. The farm laws would have helped India to easily add 1 to 2 percent to the GDP growth, easily reaching the 9 to 10% range. But a lot of countries don't want that to happen so they funded those violent protests against the laws. Even that wicked Thunberg was paid to speak on it, though I'm sure she doesn't know the capital of India.
So is Indonesia and it's progressing much faster than India.
@@NCM-xy8ow no that’s not true they have their own problems. Indian economic growth rate is higher than that of Indonesia
@@vkchaitanya2003 you don't just look at a couple years. Look at Indonesia GDP per Capita and also look at the many global companies investing in it. It doesn't make noises like India but the FDI keeps flowing in. It's a matter of credibility. Most global companies do not trust India. They quietly launched a 350km/hr High Speed Rail system while you guys just keep talking and boasting
@@NCM-xy8ow are you Chinese?
The Good thing is the recent Union Budget is addressing these issues that Manu highlighted. However, the next set of reforms in India needs to happen at the levels of State Govt, they have more regulatory control over factors of production compared to the Central Govt.
bhai tu har jagah kyun dikh jata h?
Do u have fake degree like modi. Tell us what has been addressed in budget. As Manu points out india has already been losing in the manufacturing moving away from china. The winners are vietnam, mexico, malayasia, thailand , bangladesh. As manu says India afraid to compete and has not signed free trade agreements with any major trade partner.,
You have also have a fake degree and fake identity, India don't agreed with one sided free trade agreements 👍 India always said agreement must mutual understanding@@vizmouli
There is something very wrong with you if your take away from the talk is more power centralisation. India real way forward is liberalisation economically, downsize the public sector and uphold gender equality and education .
@@vizmouli At least modi is not a dropout like Ur pappu gadhi leader.
Such a nice, well informed and unbiased take from Mr Bhaskaran. Thank You Sir.
Why india is always in discussion? Vietnam, indonesia, and many more like china just act instead of talking. When u reached like where china is now all will give you the due respect. But the guest said it right. India is not china
29:43 India will always be careful about trade. We will and must not forget East India Company. No need to rush. Definitely take our own time.
hinrichfoundation needs to fire its audio engineer that came in with a graduate degree from harvard
Once you put in money in india... india will think you are in a weak position... so you are at my mercy and I want money... Do you give?
India a very protectionist economy
I am a Modi supporter. The alternative is scary and inconceivable
But the growing middle class..the base of the BJP...is seething.
They have been told that our economy is booming..top 5 soon to be top 3.
But the feeling on the ground is "we have got nothing"
But on the ground they are hurting. This budget oroposaks .though..it affects a small section of investors.. clearly..made a HUGE DENT in the perception that the BJP is pro people
Perception is everything. The trust is gone. The BJP better watch out..the country better watch out.
The motley bunch who might take over..can easily bring India to its knees..!..and ruin all tge progress of the last 12 years
We haven't voted Narendra Mo for budgets roads and electricity.
What we have voted for we are getting but very very less.
India competition is not China ..its Vietnam
no.. only pakistan
38:20 Mr. Manu is correct in his assessment of the irrelevance of Chabahar Port, in response to the question by Ms. Uzmi. It is great for pop headlines, but it has little to no economic impact.
This is just mr.captain obvious on one of his monotonous verbiage. India cannot reap any multi-country trade pact benefits as long as it includes China. That is the reason why India backed out. India is looking forward to bilateral trade pacts with specific countries like US, EU, UK
Policymakers in Delhi are not pessimistic about Indian industry but they are afraid to lose leverage with Indian industry. Indian Policymakers are still socialist in their heart and always ready to scuttle successes of Indian industry. It's like if they don't get their bribes they will kill the industry as a show of force. Modi has reigned in some of them but his attention is spread too thin to constantly keep on eye on them.
They are often illiterate 😂
Let's not forget East India Company.
Bro what an uneducated ur 😂😂
@@rakadus East India Company has nothing to do with Bureaucrats in a Govt office.
@@ajaxjaiswal3442 no they are quite smart and motivated. The problem is their motivations are not aligned with the interest of the country.
We arent a collection of different nations like TODAY'S Europe.
We are bound by Paganism Mushriqism from South to North and East to West.
We are like pre Xianity Europe
Doesn't he knows that in brics, you get infrastructures build by china, cheap or free ? So why not, if you want infrastructure and connectivity..
The moment, I heard him praising ExRBI governor RaghuRamRajan...mere paise to gir gaye!!.... and stopped watching this channel as I am sure now that they are a part of global VaamPanth!!😊 They are so naive, I think!!😊
Agree with Mr.Manu Bhaskaran❤.Aggregate domestic demand in India is comfortable to upset any external untoward economic developments. Further, it is a growing large economy with External Trade to GDP ratio is 49:100.We are proud of our scientists and economists (including Manu Bhaskaran) .
Once money into India you cannot get your money out of India.
Companies will make in India unless they will loose Indian market. Simple.
Once you put in money in india... india will think you are in a weak position... so you are at my mercy and I want money... Do you give?
You mentioned about the diversity of India and I was told EU has been the another region with large population with diversity (27 EU countries speak about 24 language ) and EU policy makers uses this diversity with provided policy of equity and inclusion to come up with INNOVATIVE service and good to global market . Of course India with diverse country, but when its policy makers uses it for their competitive advantage...Sir
India's defense export is not what you think, please look inside atleast for 10 minutes.
why buy complete russia technology, in brahmos?
If englande did not enter india than india will be no 1 but it's okk now no 4 but upcoming years enter in top 2 also
Unfortunately, very superficial analysis lacking insight or current information.
Interesting, well presented
The Bloomberg guy has to obviously bring a self-serving political angle to this discussion
Bad audio😊
He does not tell a shit on the economic issues with china....specially real estate and banks....his masters
800 million poors get free wheat and pulses every month from the government.
He is not an expert but Chinese cheerleader.
The root cause of India problems has been wrong leadership that was put in place by British since 1947. China had good leader, Deng Xiaoping, that was instrumental in its transformation. However recent leadership is not up to the mark, which is evident from the problems in China now. While India now got better leaders, it takes time to shed wrong practices and go on the path of growth, provided the democratic system supports. India certainly has more challenges to economic growth than China. However, India will experience a long-time steady growth due to the systems in place. While China would face increasingly challenging growth prospects due to its own systems in place. In the long-term they will both be of similar stage and stature.
great point but current government failed in most of its promises, in fact done worse
IMO, three leaders that create "economic powerhouse" out of china.. Mao ( evil guy but destroyed china caste system), Deng and Xi( corruption killer).
@@biggpicture2930 I don't know on what terms you call it worse but corporations are doing well, fiscal deficit is in check, infrastructure investments keeping pace, digitalization helping lot of people etc. could you be more specific?
@raoplns people getting poorer, corporations the very regarded got richer... they called that a K economy...
@raoplns What about this Indian Economist.... He distrust numbers by India..
C.P. CHANDRASEKHAR: ..C.P.
This is from...i India's economy truly thriving? Or is it exaggerating its growth?" Political economists Radhika Desai and Michael Hudson are joined by Professor C.P. Chandrasekhar to discuss what is really happening in India's economy, if its government growth statistics and other official data are accurate, the policies of Prime Minister Narendra Modi and his party BJP, and the country's 2024 elections.
...this is a government which not merely manipulates its statistics, but more importantly, uses every number possible to try and create this impression with a lot of investment in propaganda. And therefore, this is something which has been bought by the media, as you say, not merely in India, but across the world...... ...
they mentioned... economy growing probably at 3%
RCEP was benificial only to. China, no other Asian country. How would China dumping cheap stuff in Indian market would have benifitted India? Or how has the RCEP made any difference to any country otr thn China?
All of ASEAN and Australian governments are stoopid and this guy here is smarter. 😂😂 RCEP was promulgated by NOT China but ASEAN. Now go read what's ASEAN.
All of ASEAN and Australian governments are incompetent and this chomu here is smarter. 😂😂 RCEP was promulgated by NOT China but ASEAN. Now go read what's ASEAN.
All of ASEAN and Australian governments are pajjit and this guy here is smarter. 😂😂 RCEP was promulgated by NOT China but ASEAN. Now go read what's ASEAN.
If only China benefited, then other large economies such as Japan and Korea wouldn’t have joined. India may need to review its position on RCEP.
All in RCEP benefitted.
No point asking a Singaporean to talk about India. He has no connections. There are far better analysts..
What nonsense. These are real experts. Not an Indian keyboard warrior who's incapable of accepting the truth.
@@vvjp5732 LOL, you seem to be the keyboard warrior , What this Singaporean gentlemen is suggesting is very stupid, he is suggesting to invest in Tamil Nadu, No indian company is willing to go to Tamil Nadu because of very hostile atmosphere in terms of bussiness and tamil nadu is very corrupt state
@@NandaKumar-bx8qc Let knowledge come from all sides.
What about this Indian Economist.... He distrust numbers by India..
C.P. CHANDRASEKHAR: ..C.P.
...this is a government which not merely manipulates its statistics, but more importantly, uses every number possible to try and create this impression with a lot of investment in propaganda. And therefore, this is something which has been bought by the media, as you say, not merely in India, but across the world...
This is from...i India's economy truly thriving? Or is it exaggerating its growth?" Political economists Radhika Desai and Michael Hudson are joined by Professor C.P. Chandrasekhar to discuss what is really happening in India's economy, if its government growth statistics and other official data are accurate, the policies of Prime Minister Narendra Modi and his party BJP, and the country's 2024 elections.
Western educated and funded plateform or person.
It's pessimistic outcast view of India. India was richest country in the world in 1600AD under Southern Empire Vijaya Nagar controlling entire world GDP 30% in utensils, medicine,farm products, clothing, jewellery, diamonds, wotz steel supply chain which destroyed by Europeans colonies. Now each trade is recaptured by India to dominate entire World GDP not to forget we are youngest country in the world for another 25 year's.
Impermanence is the hall mark for the economic history.
16:30 listen, you want charanvandana of a third class nation like India?
Problem no india, only 600+ kingdoms that are constantly at war, destroying themselves.. British saved them, and later united 32 of them as India and provide them a formidable army for conquest...Till now India hasn't pay its former master...
We Indians see you after 15 years. your intentions are miopic and third rated influenced by Soars.
As an Indian citizen, let me tell you this. We are absolutely f...ked. We have been ruled by socialist government who have been milking the salaried class dry and splurging on welfare programs for the poor and facilatating oligarchy. The current Modi govt is right wing in ideology but socialist in policy. He has been killing indias tax paying salaried class. Indias gdp growth is just rich oligarchs getting richer without any increase in jobs. India as usual shows great promise but underperforms. The politicians and their myopic psychopant followers will keep India poor and in the best case sceanrio we may become a high middle income country. All this big predictions of India in 2030 and 2047 is nothing but a joke. Talent will flee this country to wherever they will be accepted. Not a single politician or party has the vision or guts to direct this nation on the right path
What’s causing the massive jams everywhere you. Isn’t it because of growing affluence. It’s easy to be naysayer… doesn’t take much intellect😅.
You look's like Congress follower 😂😂😂
There’s a price for democracy. There’s no other single example of coming out of poverty & growing while staying democratic
@@ex-fabiansocialist1660 yup these guys are Congress slaves 😂😂
Modi is no socialist.. He is just buying votes...