संवाद # 165: How youth can help India achieve 10% GDP growth | Dr Prasanna Tantri
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- Опубликовано: 13 июл 2024
- Dr Prasanna Tantri is an Associate Professor in the Finance area and Executive Director of the Centre for Analytical Finance at ISB. His research areas include- banking, financial inclusion, financial contagion, regulation, and the relationship between politics and finance. He teaches a course on Indian financial systems.
0:00 Promo
2:22 Current GDP growth number explained
5:23 Why 10% growth is critical for India
7:30 India can grow at 10% by doing these 2 things
9:38 Problem with advice of some 'economists'
13:58 भारत के युवाओं, Savings करो
18:16 Modi sarkar realizing its mistake?
19:07 Savings बढ़ाने से GDP ग्रोथ ज्यादा होगा
24:10 Message to Indian youth - इन्वेस्ट करो, खर्चो मत
29:28 Modi Sarkar should encourage SAVINGS
31:36 Policy Uncertainty - Gambling industry example
33:31 Policy Uncertainty - Religare example
36:27 Education और Health पे फोकस करो
38:04 Teacher accountability fix karo
46:31 आयुष्मान भारत का budget 10 गुना बढ़ाने के फ़ायदे
49:48 This Telangana scheme is BRILLIANT
53:18 Health पे फोकस करने से GDP ऐसे बढ़ेगा
56:55 Street Vendors को पैसा दो, देश बदलेगा
59:12 मोदी की ये स्कीम सबसे ज़बरदस्त है
1:03:13 भारत का ऐसा मंदिर जो बैंक का काम करता है
1:05:16 बैंक वालों, इस मंदिर से सीखो
1:11:43 Ease of doing business की सच्चाई
1:14:30 मोदी को सरकार का size कम करना ही होगा
1:16:00 कर्नाटक से सीखो
1:17:23 मध्य प्रदेश की ये स्कीम पूरे देश में होनी चाहिए
1:19:07 Employment प्रॉब्लम ऐसे सोल्व कर सकते हैं
1:23:43 Courts को रिफॉर्म करो
Please bring him once every Quarter. Every time we get overly optimistic or pessimistic he will bring us back to centre! One of the best minds!
Dr Prasanna should be now a regular guest in vaad . Very insightful podcast
Are Inko Niti ayog me lo bhai🙏🏽…. I hope Narendra modi and Nirmala Sitharaman watching this
His teachers are already there, he will be soon i hope
True. Health, Education and Enforcement of Contract should be in focus for Modi 3.0
Swachata saved 5 lakh life per year ,,,
Defence, healthcare and education
Defence too...!!
PM advisers should definitely watch this video..
He even doesnt listen to manmohan singh
@@musafir123manmohan singh ke karyakal me konse saal 10% ya jyada gdp thi batana
@@IndicRenai-2047 vaha ankdo ko manipulate nahi kiya jata tha
@@musafir123 thik hai bhai tum to govt ke bahut andar ke aadmi nikle mujhe pata nhi tha ki tumhe andar ki bate bhi pata hoti hai 😂
@@musafir123 8% of 500B USD == 1.3% of 3T; Growing at 10% when the base is lower is easier compared to 10% when the base is higher. FYI, 7% of last years growth (2023) would have translated to 49% when manmohan singh was at the helm. If you go by the same number, can you explain why US and china barely manage to get high growth numbers?
Listening to prasanna sir is a bliss... Every time ☺️☺️
go watch this video for more analytical understanding “India’s Dream of a High Income Country” by Subhash Chandra Garg with the Government of India
¹11111¹1111¹¹1111111¹111111¹111111@@Typhonnyx
Brilliant podcast. it’s trend that we spend way much more required on consumer item .Earlier our parents used to save much more money though income was very less .Saving is good for us as well as for country is good lesson .
Out of 100%, savings should be around 25%,25%, charity,50%,on self consumption.Over savings also are harmful for economy
Another eye opener from Dr.Tantri... Loved his insights... Just brilliant!!!
I am huge fan of Dr. Prasanna. I just wait for his any interview or podcast. Wisdom and intellect flows through him.
Big fan of dr prasanna sir. He always gives a different perspective.
Another brilliant episode.
Arihant is slowly becoming my favorite Indian interviewer!!!
One of the few people asking tough questions on economics on the Indian right leaning space
What a wonderful show. Please continue addressing crucial economics topics. Listening to Dr. Prasanna Tantri is really illuminating.
Sir, please have a channel of your own where you discuss all these important aspects of economics.
Every class should have a board exam. Answersheets should strictly be sent to other schools with no way of tracking which school's teachers will check the answersheets of which school. Answersheets should not mention any school name or roll number. Just a QR code which can be scanned by an authorised person only at the time of counting marks.
Pupil should be allowed to give exam multiple times when his parents think he is ready. Best of all attempts ( say max 3 attempts) should be treated as the final performance.This way each class exam will be treated like a certification of which grade science or maths can a pupil do. This can significantly improve the quality of education and give everyone a reality check... Closing down Underperforming schools and not giving underperforming teachers a licensed to teach higher classes should become a common practice.
What happens when your teachers and invigilators are substandard carp(swap mid letters)? 99% of them are there to fill in roles and get paid because "it's their right to be employed" or some version of that.
@@rutvikrsthat's problem but it will be better than existing system...we have to start somewhere.
What a quality discussion. Great going and thank you for bringing him again.
Just brilliant. Please bring back Mr Tantri.
And visit Dharmasthala if you get a chance. It symbolizes the traditional temple town and is an example of the essence of Karnataka.
The. Best Interview for me after a long long time across all channels
Arihant as Modi supporter I have a criticism to make about Gujarat Model. While Gujarat had done exceptionally well in infrastructure and manufacturing but done poorly on social indicators(health, education and nutrition). As Prof Tantri told that multiplier of these on GDP is greater than physical infrastructure.
Please talk about it sometime so that we can make amends to it as Gujarat model is the one being implemented across the country.
Social department ka money water supply mein kharch kiya ,, dry state mein drinking water priority hai.... Water supply smooth hua ,, factory lane mein money spend Kiya
You are wrong... Gujrat has wonderful health care, education and nutrition for child policies. See Dr BM Hegde's youtube video on modiji
@@dilsere1775 With a 78% literacy rate, Gujarat ranks 17th among states and Union Territories, according to the 2011 Census.
Among 30 states, Gujarat ranked 22nd with 77.4% children enrolling in secondary schools and 25th with 43.2% enrollment for higher secondary schooling.
Infant mortality rate was 25 of every 1,000 live births in 2019. This placed Gujarat at the 12th position among states and Union Territories. Between 2016-2019, the maternal mortality rate was 5.1, higher than other wealthy states such as Karnataka, Maharashtra and Tamil Nadu.
The fifth round of the National Family Health Survey for 2019-’21 showed that the rate of stunted children had not reduced compared to the findings of the previous round of data collection.
Please invite someone to discuss about Indian pollution problem please 😢
Please call someone. If the government cant give clean air, why they do even exist
at first you have to come forward can you live without vehicles
Really Liked the very informative session by Dr. Prasanna Tantri. God Bless.
20-30 aged adults while spending does not think that "us consuming is good for the economy"....they simply consume....a lot of this high consuming less spending mindset in india comes from the west.
Brilliant as usual, Prof Tantri needs to play a more pivotal role in fostering a Temple Economy model. Namma Dharmashala Shri Kshetra has been a miracle space of voluntary piety in action by all pilgrims. No surprises it is showing the path to foster access to credit.
Very interesting information...New subscriber from Florida!!❤👍
Thanks for bringing my favorite Econ professor back,Arihant .
I love it when this person comes to your podcast
Thanks for the clarity on short and long term savings. Thanks. Was torn on this.
Thanks!
This is my first comment on RUclips. Please bring him regularly on your podcast
Every person has a different thought. We can’t say economy is in mess we have moved to no 5 as compared to what it was in congress era. But yes we need growth but there might be different factors the Govt must invite top economists and discuss and then come to the conclusion with pros and cons
Modi ji know at what speed run the car, car(country) should also capable.
He have clear cut plan till 2047 and date wise reform india can handle till 2029.
He is giving what people can digest with out pain.
Oh you have seen those plans ... then pls make them public 😂😂
Actually, JP morgan said same thing few days back that more investment to gdp ratio (like in this year) will not sustain India's growth at 8-9℅ and it will fall back to 6-7℅.
Tantri ji is back
Good discussion
Landmark Reforms (and Nuts and Bolts Policy reforms) needs cooperation and not the blind opposition we see today. Sanjeev Sanyal talks about this in his future reforms talks.
I think Modi ji is aiming for this in next term. Hence the term "400 paar" and also defections to largest party.
this was quite insightful
Great podcast
14:48 very well explained, thanks
India ko china se capitalistic policy kaise banaye aur usse implement kaise karre.. ye bohot jaldi seekhna hoga..
Agr India kuch saalo me middle aged country bann gya toh lene ke Dene padd jaynge..
Na toh developed country bann payga..na toh middle income country bann payga😐
I am scared of middle income trap
Best podcast Arihant bbai
Before seeing this video even I thought that if I/we won't spend how would the economy grow... But in reality I always keep decent savings 😊😊
Thankyou for this great podcast.
One of the most informative podcast
thanks team !!
What a content ❤ Awesome
Bring the guest which sir talking about 🙏
Simple and Explanatory
Its always a pleasure to hear Dr Tantri. Arihant bhai invite him regularly on your podcast.
Dr Prasanna Tantri you are supervb
Eye opening conversation
Being a teacher I would say that Teacher is already made accountable for results. But the actual problem is results do not reflect the actual caliber of student. A student who can cram better gets good score.
Another hidden gem exposed by Arihant. Prasannaji with his extremely simple way of explaining complex concepts is tremendous skill; and makes us understand real way of how artha shashtra works. How scholling canve improved in practical ways😅
Great analysis by sir 😊
It was a nice class and got to learn a lot thank you.
As a middle class citizen, what would be one's motivation to make investments? For example one of the biggest investments a person does is buying a house. But the real estate market is so opaque with unexplainable price increases, challenge of loans high interest slow process etc. And none of the governments even talk about this sector. Even to make capital investments, as hughlighted, the tax structure doesn't promote it. On the subject of efficiency, request the professor to deep dive on government spending on PSUs, privatisation and welfare spending. Bottomline is, it's easy to analytically say our savings behaviour has changed, but what is causing that? Is it only the individual who has to bear the burden of national savings/economy?
Phenomenal podcast
good work bro.
Best podcast it changed my view of life
Quality in education is more important than Quantity.
How you teach is more important than what you teach.
1) Relating what you learn to what you already know or need to know (Relevance)
2) Learning how to apply what you're learning to problems around you. (Skills)
3) Learning how to Adapt/Transfer your skills, learning to new situations.
Sanjeev Sanyal was there in Sandeep Maheshwari Show..and he answered why India shouldnt grow at 10% speed inorganically..
Good podcast
Bahot kuch sikha aapse guruji
I'm from Karnataka near Bangalore in our village Dharmasthala sanga doing very good job
In our village all family taken loan from Dharmasthala Sangha
Note to host-pls invite Prof R Vaidyanathan, who has been discussing such issues for a very long time. I am sure Prof Tantri also knows him. Another interesting person is Dr ANKIT Shah who focuses on Dharmic arthicniti.. A panel with all such people would be interesting. Jai Ma Bharati.
Sir, I say go both - bank and pub. But the liquor in the pub should be made by Indians of same quality as foreign. Indian bartenders be employed. And govt should cut taxes, by removing wasteful subsidies. Let markets be perfect and local jobs be created.
Thanks
🙏
I never miss dr tantri's podcast
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Temple loan system is a great idea, This explains how interpersonal trust in closed knit society can be used just bypassing entire need of over arching super large centralised corporations
Make ❤❤roads let's say patiala-ajmer or ludhiana straight line 500kms expressway roads, neemuch-ahmednagar, solapur-Ujjain/Indore, nandhed tto gwalior... Atleast new 1000-2000kms 60mtrs expressways straight north south
Accountability❤❤❤❤ no accountability in printing money or fakes by rbi.... Stop being a lottery seller for rbi don't touch thr fake 500rs.... Keep ur children safe.. Just ask them to print new 10rs to 100rs while withdrawal from banks stop them from printing fakes no more❤❤❤❤
enforcement of contract- next guest Sanjeev Sanyal
Sir aap inkey sath or podcast kijiye ga .
👍👍👍✌✌👍💯
There is already dwakra women self help groups in Telugu states. There is already Arogya Sri program from 2000s in AP and TS. Many women just took money at low interest to support family needs without setting up business. Arogya Sri - private hospitals exaggerate treatment amounts. Govt doesn't pay pending bills to hospitals.
But largely it was useful.
Arihantbhaiyya❤❤❤
Arihant bhai you've Sanjeev Sanyal ji in your reach as well, please invite him and let's bounce off these idea of his idea
Bhai get Sanjeev Sanyal on the podcast
For the country to be in a really good state, it should definitely grow somewhere between 10-15% for at least 2 decades and the growth that is happening is not really generating enough jobs honestly and if we can grow more than 10 for years than probably we can create a good number of jobs at least
Income tax option is there. Taxation is both ways. Not likely to discourage savings.
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1:05:10 awesome model
@1:09:20 This is quite common. Here temple is giving money and running. But many a times group of people in my colony have came together and invest some amount( my mother also does) then they collect interest of some amount monthly from the loan which is given to any required person with reasonable rate. This is informal economy. In my childhood one guy took the money build a house and never returned 😂. You cannot do much about that. But if the group consist or trustful people it works. I told my mother why you don't put it in fd or bank. She said it has been working for her from past few years and it takes care of her expenses.
Save money and invest money in good assets not in depreciating assets
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I think bureaucracy must re-set up and at the same time infrastructure
Consumer aur capital ka difference achha samzaya
Get Sanjeev Sanyal on your Show to talk about his book on revolutionaries that is even going to be made in movie
There is very low chance of 10% gdp growth rate considering the policy decision of current regime... 10% gdp growth will be achieved with higher rate of inflation and that will be suicidal...the prudent fiscal policy,tolerance level of inflation combined with reform in basket goods consideration will be enough to achieve sustainable 6.5-7.5% gdp growth rate for longer period of time...😊
Jist of the podcast in my view is follow the rules of Warren Buffet
temple model is intreresting .....
My family also applied loan 1 lakh loan in Dharmasthala Sangha iam signed shurutey for my mom loan 😊😊
Sanjeev Sanyal said it correctly that we cannot grow more than 8 in the present scenario of world. Because it would mean increased imports as well and right now exports aren't that great because of world economy. Ao we will end up with increased deficit.
Please PODCAST with RANJIT SAVARKAR.
Teacher accountability would be protested
Significant overhauling our education system has to be based on Sanatan Dharma.
Consumption is necessary and investment too. Without consumption investment will give no returns
Export led economy which made east asians rich+ import substitution
Very different viewpoints and different angle of thought🙄...its complicated 🤔
India median age is 30 and by the way Indian population starts to decline by mid 2040s
33:28 the company he is referring to is Delta corp. it’s not the correct example I must say. Gambling business is not a wealth creating business for any economy, and since it was growing significantly during covid, govt had to put some hurdle and was a thought through change.
True, gambling and gaming are mostly consumption economy only. It doesn't produce any kind of good at all.
But he is talking about uncertainty about govt. policy. I establish a business according to current policy but tomorrow policy is changesd and asking me to change the past as well.
Yesterday, I forcast and adjusted price according to then policy but today, govt. asks me to pay tax on past earnings according to current changed policy. Now, from where will I fulfill the requirements?
@@sarvajanhitaay I understand what he is saying, no need for parroting.
I m saying his example is incorrect, read my comment again.
@@Absolute2104 you need not be arrogant to reply and use such language.
As you wrote your view so I did mine about your comment.
If you have read my comment properly then you must have known that I supported your emotion. And if govt. wanted to ceeate hurdle then can make any policy in effect from that date. But going back in date reduces the trust in govt. from every industry.
If you know everything then Modi ji should make you the finance minister. Isn't it?
You are presuming that China’s GDP growth rate was really what they said. Another fallacy is about 30 percent of their GDP was due to worthless property investment. Too fast growth also Leads to excessive inflation inthe value of commodities. I wish someone in the field of economics would figure it out as to what is most effective and efficient level of percentage GDP growth for a nation.
Rajiv malhotra sir ko bulao and get to talk about his book the snakes of ganga
'If u dont consume growth will slow' I think this is western concept