The Indian economy can only grow at 8% or above (real terms) once the productivity of its people go up. Without investing significantly and urgently in its human capital i.e., housing, healthcare and education…there is no way India can ever be a developed nation.
Exactly. That is it. For once let go of all religious and other discriminatory practices and focus on this. This. Just this. All it takes to go form developing to developed is this. Infrastructure, Healthcare and Education.
@@SouthAsiaFacts GDP doesn't have anything to do with wealth. It talks about total goods and services done. Since most super rich don't really spend on goods and services and mostly have their wealth tied up, this won't be that big
You clearly don't understand GDP. Same you will do to other countries like USA, they will come to the level of Africa. So better grow up from this baseless fairytales
@@SouthAsiaFactsin per capita income if we deduct top 10 ultra wealthy people income than per capita income will be less than Africa nations per capita income
Former Prime minister Manmohan Singh started off with $700 billions in 2004 and ended his first term with $1.3 trillion Indian economy by 2009. His second term ended with $2.1 Trillions dollars economy in 2014 which is almost 200% growth despite world financial crisis in 2007. UPA regime was a golden period for growth and development in the modern independent India. Since 2014 till 2024 a period of 10 years GDP has grown to 3.9 trillion a growth of 80%. That is the much hyped fact about growth that it has actually halved since 2014 to less than 3-% annualised compounded. If Manmohan Singh Govt continued then Indian Economy would have been 6.5 Trillion Dollars instead of 3.9 Trillion Dollars today
It is not hyped without reason. Manmohan Singh left India with higher rate but at what cost ? Making India of the most fragile economies who highly depend on Imports than exports (Morgan Stanley report). Now PM is trying to shift that. Our India have to make things on our own now as much possible. We should stop crying now, he isn't present, Congress isn't like his term. We should now support make in India as soon as possible
@ You forgot the economic crises of 2007-2008 & all time high crude oil prices @$143/- for most of Manmohan Singh regime whereas Modi Govt had the benefit of low prices for $35/- to $45/- for most of its regime. Modi Govt saved about 210 billion USD due to lower crude prices only in 10 years. Covid lockdowns were the major reason of Covid economic losses which were the result of Modi JI’s lack of deep knowledge about these matters & one upmanship showman types decisions of holier than thou attitude to keep extending lockdowns without any firm inputs & data. Reckless extension of COVID lockdown are a reason. If it was Manmohan Singh Govt decisions could have been taken differently
@ . But keeping people poor is a crime. This Govt is deliberately trying to keep common people poor & illiterate so that *MANUSMRITI* can be implemented in letter & spirit. Each action of this Govt is directed towards making common people jobless, loot their savings, making environment difficult for small businesses to operate, Demonetisation, Wrongful GST, Wrongful extension of Covid Lockdowns, A complex web of tax compliances, multiple levy of GST, all are directed towards robbing people of their savings & forcing them to work for 15K per month salary, giving undue benefits for imports from China, Making Indian manufacturing more & more incompetitive. This all is reflected in the lack of demand for any products in the domestic market & situation is getting worse by the day. The momentum built by Manmohan Singh Govt has been totally & deliberately broken by this Govt
@@HarpreetIrrigation The crude proces aren't low because of "luck", diplomacy is arranged in the that way we are buying at low prices which Congress couldn't. We are selling at high prices to Europe as it's Largest Exporter of refined oil. This is a brilliant Diplomatic win. Nothing would have been done. Manmohan Singh didn't care for Indigenous production. Our economy would have sunk long ago. All the lockdowns affected India's economy but yet Govt did to ensure people's safety. Even in the Last wave my parents got positive. You are simply repeating what some youtuber taught you. Other's gave the same comment too without any idea. "Manmohan Singh is no more" stop with 'he would have done this', 'he would have done that'.
@ We are not selling it is Ambani who is selling it. We have taken Panga with US by bye passing sanctions by buying Russian crude oil for Ambani & he is merely refining it & supplying to Europe. Now US has tightened us from all sides
2014 : India debt ~ 40L cr over past 70 years 2014 : ~180L cr. ballooned in just 10 years despite such heavy borrowing, slow growth in economy. Now the interest payment cycle is gonna kick-in hard. Taxes are bound to go up.. then what will happen if FEKU still in command? 😨😨😨😨
Amazing piece. This is my first time seeing such in-depth and articulate article on such topics that even a novice like me in such matters was able to understand the situation. I hope you continue to make such videos. It's really important for the nation as most of us are still unaware of what all these terms mean and how to make sense of the news that we receive.
Well said. I've been trying to make content to achieve exactly what you mentioned. Videos that would help common people make some sense of all the news around and actually gain information beyond just the misleading headlines. Data-backed and no-nonsense videos.
Private consumption has slowed down and it is showing in results of Asian Paints, Nestle, HUL, D mart and other such companies. Income tax reduction & reduction in capital gains tax are immediately needed.
@@mandarp9472 True sir the last year gdp expansion was mainly contributed by private consumption expenditure which is boosted by credit growth and government apex. The government should instruct the corporates for more capex & job creation Orelse withdraw their tax cuts . Political capital is must when it comes to pollution control & various issues . Now look at the Adani stocks which is nearhindenberg lows which clearly shows that this government is a crony capitalist government.
Income tax reduction is not the answer, but fixing income inequality is. You cannot have the money stay on top. Managers and CEOs have to take a salary cut and more money should flow down to the people. This would fix the inflated prices we are seeing today especially in the real-estate market.
If Industrialists progress, more jobs will be created and GDP also per capita will rise. You all just worship Elon musk, Bezos, zuckerberg, Tata meanwhile Biased against those your youtube teachers teach you
@@jussymust Ambani helped india become the Largest internet consumer in the world at such low prices. And Adani made India a leader in Green energy revolution worldwide. Reducing greatly the increasing cost rate of electricity. Also helped military in modernisation. How come you all hate them Just because the Congress told you to ?
@@pratyush_asapcongress was bad … but BJP is worse ..,taxes and prices are so high my salary is gone in first week.. can’t afford basic for children …you support Adani ambani .. what man
🤣🤣You are joking!! Right?? I think you are confusing the illiterate Modi's grand promises with the actual situation on the ground. Modi promised many things including a $5 trillion economy in 3 years, 100 SMART Cities, 100 Bullet Trains, Rs. 15 lakhs in every Indian's bank account, 2 crore new jobs, the complete removal of black money, etc. etc. The actual fact is that even after 11 years, not a single one of those promises have been delivered. Not even 1% of all the nonsense he promised. Still the Andh Bhakts keep voting for him, I guess because in their fantasy-land, 'Ram Rajya' has been delivered! 🤣
There is no private investment currently because the lending rates are quite high. This is due to the monetary policy committee (MPC), which hawkish ly targets inflation. During UPA, there was no MPC, which kept interest rate low even when inflation was touching double digital figures.
If you keep interest rate low while inflation is high, that will fuel inflation even higher, reducing purchasing power of common people. That can be a disaster.
Demonetisation, Botched GST implementation and disastrous COVID response literally flattened the economy. The only thing that grew was money spent on promoting Modi .
The real estate prices have gone sky high thanks to the amount of black money generated. The price of one sq.ft of land has reached Rs 5000/- and beyond even in small towns in TamilNadu giving a false sense of richness to youth and they donot want to work hard for reasonable income but expect govt to provide everything free. As earnings are nil pfce also is less. Gallopping govt freebies cannot contribute to gdp growth but only burden honest tax payers.
I laugh when people compares India vs china because 3.25 trillion usd economy vs 18.5 to 19 trillion USD economy how can you compare when the current GDP of china is around 5 % which is very similar to India as of last few yrs that means the gap will be wider as the yrs pass because china economy at 19 trillion usd when grow by 5%. There result will be much higher then that of India I think India will touch 5 trillion usd gdp by 2030 not before that by that time china will be at least 25trillion USD even if they grow by 5% there is a gap of at least 40 yrs between India and china and that gap is not reducing gather increasing
5:11 could you tell us the normal GDP of the country minus that of the govt favoured corporates? That is, the part of India that gave the votes, to the party that was bought with "notes" from those corporates? Thanks muchly
Price to pay for not pro-actively managing the human population. To reach the 1st billion, it took from the beginning of humanity till 1900. So it took nearly 500,000 years or more for the human population to get the 1st billion. Since 1900, we have added another 6 billion and counting. So we added another 6 billion in just 123 years? Considering a finite amount of resources (including air and water) and land, what makes one think there will be no adverse impact of continued population growth?
Simple calculation GDP should be the cost of actual goods produced by india that can be exported to world. Cost of services should be declared separately and that too which fetches dollar in absolute terms
Ppp is something we made to satisfy our egos.. and political brownie points.. If not how is is logical.. real GDP is actual figure.. while PPP is a arbitrary number
The UPA era, witnessed the creation of mammoth NPAs, and inflation. Yes, there was growth, but you always have to read the fine-print. And let's not forget that, under the WEF tutelage, Rahul Gandhi was batting for handing large sums of cash to people during Covid, plus UBI. That said, India has under-invested in higher education, R&D, venture capital required to compete and lead in sunrise Industries. Neither has it invested in large vocational training programs. This is where China has excelled. Infrastructure alone cannot get you growth.
We will not take money in taxes from those who work hard and pay it out to those who don't. We are trying to roll back the tide of Socialism. We must get 'stuck in' and sort out our problems in our traditional British way instead of asking the Government to intervene every time. Margaret Thacher, Speech, 1980
What is GDP? How is it calculated?. How it's going to affect lives of common people. They have been telling we are growing at the fastest rate, why don't I feel that damn thing in my life. Who calculates GDP? What methods do they use?. Is it reliable. When the inflation will come down?
In the last few days, there was no digging of religious sites in the news! Sadly, this will reduce job opportunities, and there is danger of much slowing of the economy!
I don't know from where this type data comes to calculate GDP will come 6.4% When you see people have not capacity to buy car under 10 lakh rupees other you will see real state same thing is there people have not capacity to buy home under 30 lakh If you see pf there most people withdraw money for running home and people taken a loan against gold and they are not able to pay loan😢😢😢
Lmao, we don't need economy run on steroids by congress only to get reckless growth then crashing the economy ultimately, Ofc bjp needs to do better but congress can never be the first choice given their history of fiscal mis management,
In the table, it would have been great if 2004 to 2014 period was also shown. My rough guess is that economic growth has been more or less similar. What is negative with current government is that the debt has increased too much and too fast.
Former Prime minister Manmohan Singh started off with $700 billions in 2004 and ended his first term with $1.3 trillion Indian economy by 2009. His second term ended with $2.1 Trillions dollars economy in 2014 which is almost 200% growth despite world financial crisis in 2007. UPA regime was a golden period for growth and development in the modern independent India. Since 2014 till 2024 a period of 10 years GDP has grown to 3.5 trillion a growth of 80%. That is the much hyped fact about growth that it has actually halved since 2014 to less than 3-% annualised compounded. If Manmohan Singh Govt continued then Indian Economy would have been 6.5 Trillion Dollars instead of 3.5 Trillion Dollars today
You forgot the economic crises of 2007-2008 & all time high crude oil prices @$143/- for most of Manmohan Singh regime whereas Modi Govt had the benefit of low prices for $35/- to $45/- for most of its regime. Modi Govt saved about 210 billion USD due to lower crude prices only in 10 years. Covid lockdowns were the major reason of Covid economic losses which were the result of Modi JI’s lack of deep knowledge about these matters & one upmanship showman types decisions of holier than thou attitude to keep extending lockdowns without any firm inputs & data. Reckless extension of COVID lockdown are a reason. If it was Manmohan Singh Govt decisions could have been taken differently
@@HarpreetIrrigation You are right. Surprisingly even Congress is unable to say things as correctly and accurately as you do. That is another thing to note. All political parties actually work like brothers. They never harm each other too much.
Nothing like that is happening. It's all Propaganda spread. Visit villages you will see. People's Purchasing power increased manifolds. Slums are reducing and people are shifting towards Cities more. Same in my village. This is a positive sign
As per the Andh Bhakts, India has now reached Ram Rajya. Our current Prime Minister is non-biologically born and an avatar of Ram, and has made India super-power not just in the earth, but in the entire galaxy!
Yea Adani stocks are almost near lows when hindenberg report came out . Despite Modi ji screaming retailers to buy psu banks in the parliament & with LIC , psu , ED , cbi support Adani is struggling which clearly shows something nasty is going to breakout soon
The country was shut during covid and that negative year is bringing the average down for both 5y and 10y average. Remove that outlier and the average growth would look a little better.
Explanation was structured well but some mistakes were made in presenting. While talking about lacklustre private investment, Uditji kept on highlighting Govt spending ( second column instead of the third column). Also towards the end he was lamenting the less than 5% decadal GDP growth rate of India, which should be less than 6% as per his data being showed on screen.
Why budget deficit is expressed in terms of% of GDP? If receipt and payment is calculated on absolute terms, everything else should also be absolute. If someone in India produces agricultural goods and then consume it himself, why should it be seen as growth. Just extrapolate the above to whole country. Why Govt spending contribute to GDP? Money is just flowing within ourselves even if roads and bridges are built.
GDP scales with energy utilization of the population. Every developed country has around 2 GW of installed power capacity per million of population. For India this number translated to 2800 GW. India only has around 446 GW (as per June 2024 from Ministry of Power website). Which means India needs to ramp up 6.27x to reach developed country levels. China has already surpassed 2900 GW last year and are adding almost 200 GW per year. The rate of India's GDP growth will depend on how fast they can ramp up power generation capacity. I am shocked and surprised that all commentators on India's GDP miss out on the correlation with energy utilization. There is no product, process, or procedure contributing to GDP growth rate that cannot do without energy.
Maybe the govt. needs to understand the income group who were spending less than before. Maybe revisit and revise the middle income group’s income slab. And revisit what are luxury goods because the chances are a lot of them have become necessities. Bring in fiscal and monetary policies that target and trigger the income group that is largely affected to start spending confidently. This will only trigger the production, jobs, economy though it seems like govt is spending more at first.
This is direct criticism of the government. I can't accept this. Modi is the greatest Hindu PM. He showed Muslims their place. I don't mind being poor lose everything remain Naked. Jai Shri Ram
During UPA, we had relatively higher private investments only because shady loans were given easily. That led to NPA. never have any private entity invested their own money in India. Private investment is just a charade for disbursement of unsecured loans through banks. We saw this happening all throughout UPA-I and II.
Corporates taxes on their net profit to be increased or ask them to increase the salary of their workers. CEOs should be paid lesser n that money to be paid to the workers. Govt investments should be to thise sectors where maximum job creation is possible.
You have spoken enough of “ glass half empty” . Can you provide rough indicator of parallel black economy pervading in economy not getting reflected in statistics? The reason is we pay only cash ( partly now in UPay) when we visit Chickpet, Madras George Town, Jaipur, Palika Bazaar, Dadar etc for garments and in beauty parlours, interior decorators etc. Black is rampant in film industry, certain segment of real estate, jewellery trade etc. please collate in stead of repeating Govt. info which is known to all.
"Fantastic Growth" translated to people's welfare etc? Inequality/Gini Coefficient? Growth to what end? Arent GDP figures as a way to depict economic (and social) wellbeing a one-D way of interpreting economic realities?? World bodies use MDPI for poverty. Economic realities ke liye bhi Multidimensional Indexes chahiye. And your columnist in the paper suggested more "consumption." For what? Of what? Kitna consume karegi janta? Consumption is not infinitely elastic...
During the Manmohan Singh Decade, our GDP grew by 2.83 times, while Modi barely doubled. The GDP per capita also grew faster during the Sardars' time. In 2004, Net FII inflow was 0.8 % of GDP, which grew to 1.7% by 2014, but Modani brought it down to under 1.5%. Even our SENSEX was at 4792 in June 2004, which increased fivefold to 24368 in 2014. In June 2024, it was 73660, barely jumping threefold in a decade. The fact is that Modani has messed up our economy.
@@prathapsankar-b7b Debt doesn't increase GDP for short term. Debt is taken from UN bodies, we do repay it. Also the increase is valid given our Push for make in India. Manmohan Singh left us as the Fragile 5 economy in the world over dependent on imports. We are working hard to shift that. Debt is being used in Industrialisation. We should grow up and support it instead of crying
BJP denies any malpractices & nexus with Adani . Adani denies any involvement in malpractices if so why Adani group shares is near hindenberg lows? This clearly shows that something is fishy & it can be the next evergrande of China
Low and middle class people avoid and close MF immediately due to high tax and low returns. Fiis, corporates and High class people escape after getting enough money.
Indians are believe in almighty then they definitely believe in how stays with balance or controlled ,how possible inflation only increase and no response it's control when where through coming up Solves of inflation is answer of faith
Udit failed to mention that due to Lokh Sabha election year, CAPEX from the central govt. took a pause because of election code of conduct. Pay attention to the fact that FY 2025 GDP has been lowest in the last 4 years. What happened 4 years ago, we have COVID. There is nothing to worry about in my opinion.
Not so fast ! Consumption will tank this year. K shaped economy will end as even the rich will start feeling the heat. Exports will fall and hence jobs too.
@prashanthb6521 you are just a motor mouth. After the central government reduces tax on middle income. Things will improve. Also, rural consumption is increasing quite steadily. Go check the news.
Good explanation of the facts. One simple doubt should have risen in peoples mind. How can India grow steeply as broadcast by the present Government when majority of the nations on Earth are not doing well? How can they believe in such rhetorics and fake statistics? The growth and development metrics are irrational at best. I can agree on moderate growth but definitely not stupendous growth. This situation does not bode well for common hard working people.
So you should related with other countries for development? During Manmohan Singh, India grew even during Great recession. So that is a fake too, even the 9.2% growth rate is fake too, also the GDP becoming 3-4 times isn't true according to you.
We should grow up from this notion. India has immense manpower and potential in all respects. Govt has a clear vision and Roadmap for it. They are implementing. Instead of making unrealistic Stories just to blame game, we should research their works. You will surely fine the reason satisfying. We should contribute than cry over the gone Politicians
Caste based census , caste and religion based reservation and giving large amounts of money to every one followed by abolition of GST and income tax is what Rahul Gandhi has proposed. Hopefully that will lead to elimination of poverty. Modi has failed. Rahul may succeed.
Papet government of Adani and Ambani. Bring the Chinese politicians to clear this Ambani and Adani influence in politics and GDP will become a rocket 🚀 like a Chinese economy 😂
Was the Indian economy the most developed in the world during the Aurangzeb era, as then we were the largest economy in the world? Why do our Sangies not criticise the Britishers who made India a Papur state by 1947? Is this because Britishers were the Godfathers of the Hindu religion, as they created it for their administrative ease?
What's the use of so much analysis if the only way they think to grow is buy exploiting hard working middle class formula. The safest bet no one will come on the road nor any vote bank impacted.
Stopped watching ay 6.20 when politics entered economics... Not sure if it is politics or lack of knowledge of arithmetic. Anyway not worth spending more time.
Why would you calculate the GDP or do your analysis based on the exchange rate in 2014. The Rupee was seriously overvalued in 2014 and needed to correct. There was one very brief period of 2/3 years when we saw Rupee strengthening.. Rupee has consistently declined every decade by significantly more than 25%. Similarly you are looking at the rates before COVID, you fail to recognize the fact the averages are significantly depressed due COVID. This has been a global phenomenon. This seems to be continuing rant and no analysis.
While PM Manmohan Singh did his best, so is PM Modi. People might be good at analyzing numbers but reality requires action. Its always easy to write a comment and critique but navigating huge countries like ours with so much diversity amidst this tumultuous times when the world is going crazy is something that has to be appreciated. I can see no two comments alike and so how can one agree on the economy being handled in one way or the other. But if we have chosen the leader we should trust their decisions. What I truely admire is the intelligence of some of our people debating here. All I can say is if our people are so knowledgeable in discussions they will make a great choice while choosing our leaders. Ans so I see a beighter future for India
The Indian economy can only grow at 8% or above (real terms) once the productivity of its people go up.
Without investing significantly and urgently in its human capital i.e., housing, healthcare and education…there is no way India can ever be a developed nation.
Means you always will be poor
Very true.
Exactly. That is it. For once let go of all religious and other discriminatory practices and focus on this. This. Just this. All it takes to go form developing to developed is this. Infrastructure, Healthcare and Education.
@@anjanavabiswas8835 then give vote for congress to maintain third world country status.
We need Adani Bachao Yogna
Deduct the wealth of top 10 richest in India , and then do the GDP calculation. it will show the real situation of India's GDP
@@SouthAsiaFacts GDP doesn't have anything to do with wealth. It talks about total goods and services done. Since most super rich don't really spend on goods and services and mostly have their wealth tied up, this won't be that big
You clearly don't understand GDP. Same you will do to other countries like USA, they will come to the level of Africa. So better grow up from this baseless fairytales
@@vabhdmanaree bhai 🤦🏼
There is no policy makers in government. Only maker of GDP numbers.. I don't believe even that numbers.
@@SouthAsiaFactsin per capita income if we deduct top 10 ultra wealthy people income than per capita income will be less than Africa nations per capita income
Former Prime minister Manmohan Singh started off with $700 billions in 2004 and ended his first term with $1.3 trillion Indian economy by 2009. His second term ended with $2.1 Trillions dollars economy in 2014 which is almost 200% growth despite world financial crisis in 2007. UPA regime was a golden period for growth and development in the modern independent India. Since 2014 till 2024 a period of 10 years GDP has grown to 3.9 trillion a growth of 80%. That is the much hyped fact about growth that it has actually halved since 2014 to less than 3-% annualised compounded. If Manmohan Singh Govt continued then Indian Economy would have been 6.5 Trillion Dollars instead of 3.9 Trillion Dollars today
It is not hyped without reason. Manmohan Singh left India with higher rate but at what cost ? Making India of the most fragile economies who highly depend on Imports than exports (Morgan Stanley report).
Now PM is trying to shift that. Our India have to make things on our own now as much possible. We should stop crying now, he isn't present, Congress isn't like his term.
We should now support make in India as soon as possible
@
You forgot the economic crises of 2007-2008 & all time high crude oil prices @$143/- for most of Manmohan Singh regime whereas Modi Govt had the benefit of low prices for $35/- to $45/- for most of its regime. Modi Govt saved about 210 billion USD due to lower crude prices only in 10 years. Covid lockdowns were the major reason of Covid economic losses which were the result of Modi JI’s lack of deep knowledge about these matters & one upmanship showman types decisions of holier than thou attitude to keep extending lockdowns without any firm inputs & data. Reckless extension of COVID lockdown are a reason. If it was Manmohan Singh Govt decisions could have been taken differently
@
. But keeping people poor is a crime. This Govt is deliberately trying to keep common people poor & illiterate so that *MANUSMRITI* can be implemented in letter & spirit. Each action of this Govt is directed towards making common people jobless, loot their savings, making environment difficult for small businesses to operate, Demonetisation, Wrongful GST, Wrongful extension of Covid Lockdowns, A complex web of tax compliances, multiple levy of GST, all are directed towards robbing people of their savings & forcing them to work for 15K per month salary, giving undue benefits for imports from China, Making Indian manufacturing more & more incompetitive. This all is reflected in the lack of demand for any products in the domestic market & situation is getting worse by the day. The momentum built by Manmohan Singh Govt has been totally & deliberately broken by this Govt
@@HarpreetIrrigation
The crude proces aren't low because of "luck", diplomacy is arranged in the that way we are buying at low prices which Congress couldn't. We are selling at high prices to Europe as it's Largest Exporter of refined oil. This is a brilliant Diplomatic win.
Nothing would have been done. Manmohan Singh didn't care for Indigenous production. Our economy would have sunk long ago. All the lockdowns affected India's economy but yet Govt did to ensure people's safety. Even in the Last wave my parents got positive.
You are simply repeating what some youtuber taught you. Other's gave the same comment too without any idea. "Manmohan Singh is no more" stop with 'he would have done this', 'he would have done that'.
@
We are not selling it is Ambani who is selling it. We have taken Panga with US by bye passing sanctions by buying Russian crude oil for Ambani & he is merely refining it & supplying to Europe. Now US has tightened us from all sides
2014 : India debt ~ 40L cr over past 70 years
2014 : ~180L cr. ballooned in just 10 years
despite such heavy borrowing, slow growth in economy.
Now the interest payment cycle is gonna kick-in hard. Taxes are bound to go up.. then what will happen if FEKU still in command?
😨😨😨😨
Amazing piece. This is my first time seeing such in-depth and articulate article on such topics that even a novice like me in such matters was able to understand the situation. I hope you continue to make such videos. It's really important for the nation as most of us are still unaware of what all these terms mean and how to make sense of the news that we receive.
Well said. I've been trying to make content to achieve exactly what you mentioned. Videos that would help common people make some sense of all the news around and actually gain information beyond just the misleading headlines. Data-backed and no-nonsense videos.
Private consumption has slowed down and it is showing in results of Asian Paints, Nestle, HUL, D mart and other such companies.
Income tax reduction & reduction in capital gains tax are immediately needed.
then fiscal eficeit will increase, that is not the long term solution.
@polaris1985
Government need to cut down wasteful expenditure and corruption. Goverment should also use Disinvestment to generate funds.
@@mandarp9472 True sir the last year gdp expansion was mainly contributed by private consumption expenditure which is boosted by credit growth and government apex. The government should instruct the corporates for more capex & job creation Orelse withdraw their tax cuts . Political capital is must when it comes to pollution control & various issues . Now look at the Adani stocks which is nearhindenberg lows which clearly shows that this government is a crony capitalist government.
Income tax reduction is not the answer, but fixing income inequality is. You cannot have the money stay on top. Managers and CEOs have to take a salary cut and more money should flow down to the people. This would fix the inflated prices we are seeing today especially in the real-estate market.
@alileevil
Country can not become rich by transferring money from Mr A to Mr B.
Adani and Ambani has made great progress since 2014
If Industrialists progress, more jobs will be created and GDP also per capita will rise. You all just worship Elon musk, Bezos, zuckerberg, Tata meanwhile Biased against those your youtube teachers teach you
Modi Ji to hai mumkin hai, jai st Adani, jai Sri Ambani
@@jussymust Ambani helped india become the Largest internet consumer in the world at such low prices. And Adani made India a leader in Green energy revolution worldwide. Reducing greatly the increasing cost rate of electricity. Also helped military in modernisation.
How come you all hate them Just because the Congress told you to ?
@@pratyush_asapcongress was bad … but BJP is worse ..,taxes and prices are so high my salary is gone in first week.. can’t afford basic for children …you support Adani ambani .. what man
@@pratyush_asap Ha ha ha . Good joke . The figures above are being provided by the government themselves.
Modees projection was based on Manmohan ji's achievement not his own.
Indians will be never be serious.... These believe in after life lol.
I was under the impression that we become a 5trillion economy last year , some please correct me if am wrong ??? M very confused
Rupee value fell down. So in dollar GDP reduced.
@atherzaidi5871 ohh ok , Got it ...
It is expected that we will reach 5 trillion by 2027@@Seema-n4c5i
🤣🤣You are joking!! Right?? I think you are confusing the illiterate Modi's grand promises with the actual situation on the ground. Modi promised many things including a $5 trillion economy in 3 years, 100 SMART Cities, 100 Bullet Trains, Rs. 15 lakhs in every Indian's bank account, 2 crore new jobs, the complete removal of black money, etc. etc. The actual fact is that even after 11 years, not a single one of those promises have been delivered. Not even 1% of all the nonsense he promised. Still the Andh Bhakts keep voting for him, I guess because in their fantasy-land, 'Ram Rajya' has been delivered! 🤣
There is no private investment currently because the lending rates are quite high. This is due to the monetary policy committee (MPC), which hawkish ly targets inflation. During UPA, there was no MPC, which kept interest rate low even when inflation was touching double digital figures.
@@srinisbir8781 MPC is a mafia to support financial institutions to get higher Interest Margins
If you keep interest rate low while inflation is high, that will fuel inflation even higher, reducing purchasing power of common people. That can be a disaster.
@ArijitGhosh-ib1ey Food inflation can never be tamed by high interest rates
@Prem.donjuan i agree. But the MPC looks into both food and core inflation. It's a law that Modi brought, but it is hurting now.
@@srinisbir8781 and hence the discussion now to probably keep food inflation out of CPI. what's your thoughts on that?
Demonetisation, Botched GST implementation and disastrous COVID response literally flattened the economy. The only thing that grew was money spent on promoting Modi .
Good presentation. Cheers
🎯🏆 Great insightful & fruitful video 🏆🎯
लोकः समस्ताः सुखिनो भवन्तु
( May all beings lead prosperous life across Globe 🌍 )
Thank you for the bulletin.... waiting for more such in-depth analysis
Regards
The real estate prices have gone sky high thanks to the amount of black money generated. The price of one sq.ft of land has reached Rs 5000/- and beyond even in small towns in TamilNadu giving a false sense of richness to youth and they donot want to work hard for reasonable income but expect govt to provide everything free. As earnings are nil pfce also is less. Gallopping govt freebies cannot contribute to gdp growth but only burden honest tax payers.
I laugh when people compares India vs china because 3.25 trillion usd economy vs 18.5 to 19 trillion USD economy how can you compare when the current GDP of china is around 5 % which is very similar to India as of last few yrs that means the gap will be wider as the yrs pass because china economy at 19 trillion usd when grow by 5%. There result will be much higher then that of India I think India will touch 5 trillion usd gdp by 2030 not before that by that time china will be at least 25trillion USD even if they grow by 5% there is a gap of at least 40 yrs between India and china and that gap is not reducing gather increasing
India is a 4.27 trillion $ economy as per January 2025 IMF data.
When Indian govt data is saying close of this financial year by 30th march will be 3.24 trillion usd then how come India is 4 trillion USD economy
5:11 could you tell us the normal GDP of the country minus that of the govt favoured corporates? That is, the part of India that gave the votes, to the party that was bought with "notes" from those corporates? Thanks muchly
Price to pay for not pro-actively managing the human population. To reach the 1st billion, it took from the beginning of humanity till 1900. So it took nearly 500,000 years or more for the human population to get the 1st billion. Since 1900, we have added another 6 billion and counting. So we added another 6 billion in just 123 years?
Considering a finite amount of resources (including air and water) and land, what makes one think there will be no adverse impact of continued population growth?
8:45 it's worse at 3.1% as per the chart not 5.3
Good analysis.. would like to know the impact on net exports and how will that play in the estimates.
Simple & proper explanation..
Simple calculation
GDP should be the cost of actual goods produced by india that can be exported to world.
Cost of services should be declared separately and that too which fetches dollar in absolute terms
To understand the real relative size of the economy, please look at GDP in PPP terms.
Ppp is something we made to satisfy our egos.. and political brownie points..
If not how is is logical.. real GDP is actual figure.. while PPP is a arbitrary number
The UPA era, witnessed the creation of mammoth NPAs, and inflation. Yes, there was growth, but you always have to read the fine-print.
And let's not forget that, under the WEF tutelage, Rahul Gandhi was batting for handing large sums of cash to people during Covid, plus UBI.
That said, India has under-invested in higher education, R&D, venture capital required to compete and lead in sunrise Industries. Neither has it invested in large vocational training programs. This is where China has excelled. Infrastructure alone cannot get you growth.
Excellent congratulations this is your contribution to save ecomomy
Spending would come when the government eases exorbitant taxes for the spenders. Freebies seem to be a priority these days, not the economy, sadly 😅
So true! The whole country is always on an election mode doling out freebies throughout the year.
We will not take money in taxes from those who work hard and pay it out to those who don't. We are trying to roll back the tide of Socialism. We must get 'stuck in' and sort out our problems in our traditional British way instead of asking the Government to intervene every time.
Margaret Thacher, Speech, 1980
best analysis 🎉
What is GDP? How is it calculated?. How it's going to affect lives of common people. They have been telling we are growing at the fastest rate, why don't I feel that damn thing in my life. Who calculates GDP? What methods do they use?. Is it reliable. When the inflation will come down?
I doubt that these estimates are also not true actual GDP is lower than estimated by government
In the last few days, there was no digging of religious sites in the news! Sadly, this will reduce job opportunities, and there is danger of much slowing of the economy!
Retail inflation 10 to 15% percent hai India mein according to the government data
Sir 1 dollar 85 rupees nahi hai $1=₹86.02 hai
Bharat ek K-Shaped economy ban chuka hai jisme ameer aur ameer bante jate hai aur gareeb aur gareeb bante jate hai
Retail inflation hee 15% hai
@@burhanuddinsurana2576because all government including current one are pro rich and pro corporate. Nobody wants poverty to end.
omg 86 ho gaya
More of this please.
We are living in a globalized economy so we cant esimate india. S economic growth in isolation india is a bright spot in the global economy
I don't know from where this type data comes to calculate GDP will come 6.4%
When you see people have not capacity to buy car under 10 lakh rupees other you will see real state same thing is there people have not capacity to buy home under 30 lakh
If you see pf there most people withdraw money for running home and people taken a loan against gold and they are not able to pay loan😢😢😢
in other words, the economy cannot recover until Congress returns to power.
Lmaoo
Or until the arrogant Nirmala goes
Lmao, we don't need economy run on steroids by congress only to get reckless growth then crashing the economy ultimately,
Ofc bjp needs to do better but congress can never be the first choice given their history of fiscal mis management,
In the table, it would have been great if 2004 to 2014 period was also shown. My rough guess is that economic growth has been more or less similar. What is negative with current government is that the debt has increased too much and too fast.
Former Prime minister Manmohan Singh started off with $700 billions in 2004 and ended his first term with $1.3 trillion Indian economy by 2009. His second term ended with $2.1 Trillions dollars economy in 2014 which is almost 200% growth despite world financial crisis in 2007. UPA regime was a golden period for growth and development in the modern independent India. Since 2014 till 2024 a period of 10 years GDP has grown to 3.5 trillion a growth of 80%. That is the much hyped fact about growth that it has actually halved since 2014 to less than 3-% annualised compounded. If Manmohan Singh Govt continued then Indian Economy would have been 6.5 Trillion Dollars instead of 3.5 Trillion Dollars today
You forgot the economic crises of 2007-2008 & all time high crude oil prices @$143/- for most of Manmohan Singh regime whereas Modi Govt had the benefit of low prices for $35/- to $45/- for most of its regime. Modi Govt saved about 210 billion USD due to lower crude prices only in 10 years. Covid lockdowns were the major reason of Covid economic losses which were the result of Modi JI’s lack of deep knowledge about these matters & one upmanship showman types decisions of holier than thou attitude to keep extending lockdowns without any firm inputs & data. Reckless extension of COVID lockdown are a reason. If it was Manmohan Singh Govt decisions could have been taken differently
Man loving this bot posting the same things everywhere 😅
@@HarpreetIrrigation You are right. Surprisingly even Congress is unable to say things as correctly and accurately as you do. That is another thing to note. All political parties actually work like brothers. They never harm each other too much.
Can we get the data showing the GDP for different strata of society?
Say,the total GDP of Billionaires and top 10% of ppl?
I think calculate GDP By eliminating or excluding top 100 corporate companies income. then only it reflect real GDP of India
Economic divide is the main reason. Poor and Middle class r getting poorer while rich/upper middle class get rich due to asset price increase.
Nothing like that is happening. It's all Propaganda spread. Visit villages you will see. People's Purchasing power increased manifolds. Slums are reducing and people are shifting towards Cities more. Same in my village. This is a positive sign
Food production with loans
WTO is not compulsory for indian economy now unless prices coud be just it's double rates
As per the Andh Bhakts, India has now reached Ram Rajya. Our current Prime Minister is non-biologically born and an avatar of Ram, and has made India super-power not just in the earth, but in the entire galaxy!
Sab changa hai yaar ...
We have invested in Adani. We will see the returns shortly
Yea Adani stocks are almost near lows when hindenberg report came out . Despite Modi ji screaming retailers to buy psu banks in the parliament & with LIC , psu , ED , cbi support Adani is struggling which clearly shows something nasty is going to breakout soon
The country was shut during covid and that negative year is bringing the average down for both 5y and 10y average. Remove that outlier and the average growth would look a little better.
Explanation was structured well but some mistakes were made in presenting. While talking about lacklustre private investment, Uditji kept on highlighting Govt spending ( second column instead of the third column). Also towards the end he was lamenting the less than 5% decadal GDP growth rate of India, which should be less than 6% as per his data being showed on screen.
Not happening under M8di rule for sure.
Undi indi rule we would have negative growth.
@oy1561 thats your hate speaking. Check past records & Manmohanji's trackbrecord. Unlike Fake propaganda, Figures do not lie.
@@oy1561 Lindu
@oy1561 Fake propaganda. All global indices low only under M8di rule. Desh chalana aur sabko saath lena sirf Congress jaanti hai.
@@oy1561 70 years that Congress ruled proves your statement false & biased.
Govt needs to put money into the kitty of the masses to increase consumption. Then only pvt investments will go up.
It helps, thx
Why budget deficit is expressed in terms of% of GDP? If receipt and payment is calculated on absolute terms, everything else should also be absolute.
If someone in India produces agricultural goods and then consume it himself, why should it be seen as growth. Just extrapolate the above to whole country.
Why Govt spending contribute to GDP? Money is just flowing within ourselves even if roads and bridges are built.
GDP scales with energy utilization of the population.
Every developed country has around 2 GW of installed power capacity per million of population. For India this number translated to 2800 GW. India only has around 446 GW (as per June 2024 from Ministry of Power website). Which means India needs to ramp up 6.27x to reach developed country levels. China has already surpassed 2900 GW last year and are adding almost 200 GW per year. The rate of India's GDP growth will depend on how fast they can ramp up power generation capacity.
I am shocked and surprised that all commentators on India's GDP miss out on the correlation with energy utilization. There is no product, process, or procedure contributing to GDP growth rate that cannot do without energy.
Maybe the govt. needs to understand the income group who were spending less than before.
Maybe revisit and revise the middle income group’s income slab.
And revisit what are luxury goods because the chances are a lot of them have become necessities.
Bring in fiscal and monetary policies that target and trigger the income group that is largely affected to start spending confidently.
This will only trigger the production, jobs, economy though it seems like govt is spending more at first.
This is direct criticism of the government. I can't accept this. Modi is the greatest Hindu PM. He showed Muslims their place. I don't mind being poor lose everything remain Naked. Jai Shri Ram
Yasu ki bale bale
Take off the lens of BIASES and learn to look at economy objectively.
During UPA, we had relatively higher private investments only because shady loans were given easily. That led to NPA. never have any private entity invested their own money in India. Private investment is just a charade for disbursement of unsecured loans through banks. We saw this happening all throughout UPA-I and II.
Reality check for modi govt. Busy in advertising marketing and branding.
Corporates taxes on their net profit to be increased or ask them to increase the salary of their workers. CEOs should be paid lesser n that money to be paid to the workers. Govt investments should be to thise sectors where maximum job creation is possible.
दिहाड़ी मजदूर के अलावा किसी का धंधा नहीं चल रहा। यह जो वोट बैंक है सरकार का, इसी की बदौलत हम जमीं दोंज़ हैं
Thanks
True representation
With all the taxation people will not spend and economy will suffer
🎉Capital gains tax should be at least 3 lacs
Why is not a developed economy defined before you throw this term around.
0:58 instead could you put up a pie chart or bar graph or a pile of garbage instead?
You have spoken enough of “ glass half empty” . Can you provide rough indicator of parallel black economy pervading in economy not getting reflected in statistics? The reason is we pay only cash ( partly now in UPay) when we visit Chickpet, Madras George Town, Jaipur, Palika Bazaar, Dadar etc for garments and in beauty parlours, interior decorators etc. Black is rampant in film industry, certain segment of real estate, jewellery trade etc. please collate in stead of repeating Govt. info which is known to all.
"Fantastic Growth" translated to people's welfare etc? Inequality/Gini Coefficient? Growth to what end? Arent GDP figures as a way to depict economic (and social) wellbeing a one-D way of interpreting economic realities?? World bodies use MDPI for poverty. Economic realities ke liye bhi Multidimensional Indexes chahiye.
And your columnist in the paper suggested more "consumption." For what? Of what? Kitna consume karegi janta? Consumption is not infinitely elastic...
In short modi ji...feku no.1...❤
“Statistical Illusion” is the word…
Need to change the FM
Need to change the government. The FM is merely a slave of Godi.
Chaiwaala ka economics weak hai Kya?
During the Manmohan Singh Decade, our GDP grew by 2.83 times, while Modi barely doubled. The GDP per capita also grew faster during the Sardars' time. In 2004, Net FII inflow was 0.8 % of GDP, which grew to 1.7% by 2014, but Modani brought it down to under 1.5%. Even our SENSEX was at 4792 in June 2004, which increased fivefold to 24368 in 2014. In June 2024, it was 73660, barely jumping threefold in a decade.
The fact is that Modani has messed up our economy.
That is such a useless comparison. When the base is low, you can always say 2.83 times etc
Our base is still in too small@@RITHIKRAI
Government took 2 times more debt 100 lakh crores and this growth of 5% is fueled by gov debt only. @@RITHIKRAI
True, the present govt messed up the basics and showed a unrealistic estimate
@@prathapsankar-b7b Debt doesn't increase GDP for short term. Debt is taken from UN bodies, we do repay it. Also the increase is valid given our Push for make in India. Manmohan Singh left us as the Fragile 5 economy in the world over dependent on imports. We are working hard to shift that.
Debt is being used in Industrialisation. We should grow up and support it instead of crying
Maybe people like LT naryanmurty should their employee,s more instead of asking to work for unreasonable hours , then we can have more money to spend
Private kab invest karega jab hamara HDI acha hoga tab. Jab skilled workforce hoga tab aur jab acha infrastructure hoga tab karenge invest private individuals
If govt sole agenda is to tax more than what can we expect.
Private investors isliye invest nahi kar rahe kyu ki govt policies hee utni achi nahi hai
BJP denies any malpractices & nexus with Adani . Adani denies any involvement in malpractices if so why Adani group shares is near hindenberg lows? This clearly shows that something is fishy & it can be the next evergrande of China
No, even with Rs.60/$, we wouldnt have become 5 trillion - adjust the cumulative inflation of 11 years first.
You people conveniently forget the 3% drop due to foolish decisions like demonetization ? You people also do not show what was before 2014 !
Low and middle class people avoid and close MF immediately due to high tax and low returns. Fiis, corporates and High class people escape after getting enough money.
Indians are believe in almighty then they definitely believe in how stays with balance or controlled ,how possible inflation only increase and no response it's control when where through coming up
Solves of inflation is answer of faith
Udit failed to mention that due to Lokh Sabha election year, CAPEX from the central govt. took a pause because of election code of conduct. Pay attention to the fact that FY 2025 GDP has been lowest in the last 4 years. What happened 4 years ago, we have COVID. There is nothing to worry about in my opinion.
Not so fast ! Consumption will tank this year. K shaped economy will end as even the rich will start feeling the heat. Exports will fall and hence jobs too.
@prashanthb6521 you are just a motor mouth. After the central government reduces tax on middle income. Things will improve. Also, rural consumption is increasing quite steadily. Go check the news.
@prashanthb6521 consumption is picking up in the rural sector. You will see the effect in the last quarter.
Modani intelligence.
मार्केट गिरा तो गिरने दो, मैं तो शेयर्स खरीदती नहीं... निर्मला आंटी
Recommended that India grows more lemon, consume more lemon 🍋 so that Indians have more power to blow balloon balloon 🎈 😳 😀 😄
Don't blindly chase GDP growth and urbanisation. Look what that has done to China.
The BJP policy of carrot and stick, especially the stick,is the main cause of dampening in the economic slide.
No calculations just guessestimates
Good explanation of the facts. One simple doubt should have risen in peoples mind. How can India grow steeply as broadcast by the present
Government when majority of the nations on Earth are not doing well? How can they believe in such rhetorics and fake statistics? The growth and development metrics are irrational at best. I can agree on moderate growth but definitely not stupendous growth. This situation does not bode well for common hard working people.
So you should related with other countries for development? During Manmohan Singh, India grew even during Great recession. So that is a fake too, even the 9.2% growth rate is fake too, also the GDP becoming 3-4 times isn't true according to you.
We should grow up from this notion. India has immense manpower and potential in all respects. Govt has a clear vision and Roadmap for it. They are implementing. Instead of making unrealistic Stories just to blame game, we should research their works. You will surely fine the reason satisfying.
We should contribute than cry over the gone Politicians
Nirmala tai is likely destroy modi govt ... its better to keep expections low
Caste based census , caste and religion based reservation and giving large amounts of money to every one followed by abolition of GST and income tax is what Rahul Gandhi has proposed. Hopefully that will lead to elimination of poverty. Modi has failed. Rahul may succeed.
Papet government of Adani and Ambani. Bring the Chinese politicians to clear this Ambani and Adani influence in politics and GDP will become a rocket 🚀 like a Chinese economy 😂
👍👍👍
Was the Indian economy the most developed in the world during the Aurangzeb era, as then we were the largest economy in the world?
Why do our Sangies not criticise the Britishers who made India a Papur state by 1947? Is this because Britishers were the Godfathers of the Hindu religion, as they created it for their administrative ease?
What's the use of so much analysis if the only way they think to grow is buy exploiting hard working middle class formula.
The safest bet no one will come on the road nor any vote bank impacted.
yet another jumla exposed though it was "evident" to anyone who was observing aam aadmi and his inability to make a "decent" earning
Stopped watching ay 6.20 when politics entered economics... Not sure if it is politics or lack of knowledge of arithmetic. Anyway not worth spending more time.
The economy is doomed until congress comes to power. Only few billionaires are growing fast..!!!!
Mandir and Statues kitne baney yeh batao 😅
Why would you calculate the GDP or do your analysis based on the exchange rate in 2014. The Rupee was seriously overvalued in 2014 and needed to correct.
There was one very brief period of 2/3 years when we saw Rupee strengthening.. Rupee has consistently declined every decade by significantly more than 25%.
Similarly you are looking at the rates before COVID, you fail to recognize the fact the averages are significantly depressed due COVID. This has been a global phenomenon.
This seems to be continuing rant and no analysis.
While PM Manmohan Singh did his best, so is PM Modi. People might be good at analyzing numbers but reality requires action. Its always easy to write a comment and critique but navigating huge countries like ours with so much diversity amidst this tumultuous times when the world is going crazy is something that has to be appreciated. I can see no two comments alike and so how can one agree on the economy being handled in one way or the other. But if we have chosen the leader we should trust their decisions. What I truely admire is the intelligence of some of our people debating here. All I can say is if our people are so knowledgeable in discussions they will make a great choice while choosing our leaders. Ans so I see a beighter future for India