Это видео недоступно.
Сожалеем об этом.
Indian economy can achieve a growth rate of 9% if it gets a clean patch
HTML-код
- Опубликовано: 13 сен 2022
- #SanjeevSanyal #PMEAC #Inflation #GDPGrowth
Sanjeev Sanyal, Member, Prime Minister's Economic Advisory Council (PM-EAC) interview with Business Today Television.
“We have a good robust car, with a good engine and a good driver, but I cannot predict the situation of the road”, Sanyal said, adding that domestically driven inflation has peaked in India.
"Our supply side is in perhaps the best shape of any major economy in the world. Even under very difficult circumstances, we are at around 7 per cent GDP growth. Going forward, even if we get the clear road that we got between 2003 and 2006, when the international situation was conducive, then India’s economy can grow at 9 per cent," Sanyal, former Principal Economic Advisor, Ministry of Finance said.
"Domestically driven inflation and core inflation have peaked in India. But, are we as a country immune to the rest of the world? We have comfortable food stocks at home, but cannot ignore geo-political concerns. Disruptions in production or blackouts will have an impact on India. Let me say, India has been part of the solution, and has been consistently supplying the world”, Sanyal added.
-----------------------
About the channel
Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others.
Follow us at:
Website: www.businessto...
Facebook: / businesstoday
twitter: / business_today
Instagram: / business_today
Non Resident Economists raise objections to PLI type scheme in the US, a place where they reside. Poor Raghuram Rajan😅😅😅
US unlike India already invests a lot in its education & training system. India has lack of resources so India needs to make difficult decisions on where to invest.
@@PK-tt5kk exactly, diversifying our limited resources into several sector's is such a difficult task. For US atleast they don't have funding issues atleast for now.
@@PK-tt5kk You know how much India spends in higher education. Actually a lot, the only thing is that people exploit cheap, affordable education and move abroad for work. PLI is done to ensure there is work in India, so that the money India invests in education is useful for nurturing India
US is spending 250 billion USD for chip manufacturing, under the CHIPS act.
FOR THE RECORD: Rajan's argument is that carefully targeted PLI is good, but the way it is being doled out for crony protectionism is terrible - now there is PLI even for furniture and textile.
In a predicable way, Godi media creates a strawman argument out of any rational analysis by unbiased experts, and then Modi's stooges come out to mock these caricatured strawman arguments. In the end, the only loser is the Indian economy.
india fastest growing economy in difficult times with challenges of inflation all over the world. given the context india is in the right path.
One should also know that when the world grew between 1980-2010 India grew sluggish even when world grew and many countries made themselves a truly middle income economy and India still counted in one of the poorest economies when it's compared to per capita terms and also human developing.
@@ajaxjaiswal3442 also during that period inflation touched aroujd 10% , given the fact that there wasn't any covid or US china trade war etc.
Nice to see experts driving key positions in this government in India
DO YOU KNOW?
In 1990, the global GDP was $26 trillion and US GDP was $6 trillion, China GDP was $ 360 billion and Indian GDP was $ 266 billion. In 2022, the Global GDP is $ 100 trillion, US GDP is $ 25 trillion, China GDP $ 20 trillion and India GDP is $ 3.3 trillion. Between 1990 and 2022, Global GDP increased by 4 times, US GDP increased by 4 times, China GDP increased by 55 times and Indian GDP increased by 12 times. Similarly, during 1990-2022, the global population increased from 5.27 billion to 8 billion, the US population from 250 million to 330 million, Chinese population from 1135 million to 1451 million and the Indian population from 873 million to 1417 million. The Collapse of Communism in 1989 coupled with economic and trade liberalization aided by technological adoption led to this huge wealth creation in the last 32 years and going forward, Global GDP would reach $ 300 trillion by 2050. So India achieving a GDP of $ 30-35 trillion by 2047 and emerging as the second largest economy in the World is not that much challenging. India is already the third largest economy on Purchasing Power Parity basis with $ 11.75 trillion GDP at Per Capita GDP of $ 8,360. Therefore, exciting times are ahead at global level in the next 30 years for huge wealth creation on absolute terms and per capita basis ably supported by entrepreneurship, globalization and technological adoption and innovation. Best is yet to come for the World and India.
lol India will never grow at 8-10% consistently, which we need to be 30-35 trillion economy, at best we would be distant second or close third in 2050. For last 20 years, all we are listening to is experts giving opinion "India CAN grow at x%" but never made it to that point. Some parts of India would definitely be way ahead than remaining poor parts like UP Bihar and their neighboring states. Nevertheless, we are good at optimism so that's all we got
@@gatech5190 You should leave UP cuz that state is growing fast af
@@davidisliberal2973 I was never in UP thankfully so I think I don't need to worry about UP slow or fast lol
@@gatech5190 do u think optimism alone has brought us where we r now from 300 billion usd to 3.3 trillion usd have some sense bro india will never grow as u say it's also ur dumb prediction not truth btw u can check
U knkw even in COVID LOCKDOWN BIHAR GSDP WAS positive 😂😂
@@gatech5190Basically your perception about UP is like that right?
India should end corruption and reservation to grow fast and be developed. There are no signs of this happening anytime soon.
First need to end reservation. That's mentality will end corruption. My brother work in RCF Mumbai. And he said those who are got the job on the basis of reservation have no skill and education qualification at all. They just waste taxpayers money and extremely corrupt people. Take 15,20 lakh rupees from candidate who wants job even though it was vacancy for sweeper.
@Siddharth Sriram how exactly does reservation reduce discrimination, has there been any peer reviewed studies on this.
Problem is a large number of people are unemployable .. Govt needs a strategy for formalising vocational skills .. not everyone has to get a collage degree
Wasn't this announcement with great gala around 2016 with the name of "Skill India"? Status check?
@@kalidasa_in What a comment !!
One problem is entitlement of the current pool of people with only degrees but sub par skill set if I so put it gently.
Bitter truth is ...Why should any one give you a job ? What can you contribute to my business, my Industry ? Me and my tax money is not responsible for the path you chose as an adult nor your family which in most cases pays for the education. Your degree is not valuable big whoop then why did you peruse it ?
@@montuedge 🤣👌Yes exactly, useless degrees in arts, political science, Marxists Theory, Western women's studied, etc are not marketable, and those who decided such nonsense degrees deserve to serve tea and food in daabas, OR.... they can go emigrate and work as taxi drivers in the West or mind corner shops,.
I wrote a paper on this in 2011. India needs a literacy policy but has an education policy.
Always great to hear Me. Sanyal. Heartening to see people like him part of policy-making. Hopefully, we can get a stretch of a few years of clear road where we can accelerate. What we need is boom in some labour intensive sectors to counter the high rate of unemployment in the semi-skilled category (e.g. like Textile in Bangladesh or Vietnam). Else India will continue to have K shape growth which will result in civil unrest down the line because of growing unquality.
How Dumb this guy can be
5:25
@@RAY-Money Not as much as u.
Sanjeev sir is our National Treasure!
That was a great insight into the robust health of our economy.
Very good interview. Sanyal is knowledgeable and articulate. Thanks.
Really?
I think post covid this govt. has done a good job atleast on the economic side of things with regards to growth/infrastructure/investment polices..also they have put right people at the right places i feel..it took them a long time to figure out via trial and error and also via massive f*ck ups during covid management..but i am happy about the place they are at now and i am hopeful for the future..
No democratic country of this population has done better in covid management.
@@srinisbir8781 True but for 2nd wave in 2021 when govt. had 1 year to prepare people died just bof oxygen shortage,not even treatment..that was totally avoidable with proper measures..
@@itachiuchiha-bl5wv what about Europe n US where people also died. What about China where people are dying in large nos even today as the lockdown in China also suggests. Why not talk about that? India did well in terms of Pandemic management Peiod. By pick n choose I get a sense that it's politically motivated..
@@Arvindchauhan-qv6gd yes people died bof severe covid symptoms..but here many people in 2021 died bof lack of oxygen..many lives could have been saved if only if had enough oxygen production, which the govt. had enough time to make in 1 year since the first wave..Us/Eu/china nowhere in the world people died just because hospitals didn't have enough oxygen..so yes, that was a massive failure..we produced vaccines for other countries but couldn't provide our own people with enough oxygen..
@@itachiuchiha-bl5wv again you didn't get the point...In China crores dued due to Covid n there had been a complete mismanagement which is even continuing till today as China still has lockdowns. And for all we know that China under emperor Xijingping will never reveal their true nos. Countries like Itly, US which are no 1 n 2 in Healthcare system also witnessed large scale deaths. So why only single out India??? Moreover are you saying that providing Oxygen was the only cure to Covid??? You must be Insane to even think n say that. Had it even the case then not a single person could ha e died across rich world as they had surplus Oxygen... India did well to produce make in India vaccine in quick time and could vaccine 140 cr. People as well with double dose. Vaccine was n is the only solution n that too quality vaccine unlike China which produced dubious vaccine that China has to remain in lockdown even till today.. so correct your fundamentals before taking a pot shot at India.. Indians understand your nefarious n ill founded designs..so buzz off..
If the unemployment is under 5% and the labour force is 85% in formal sector. Need $25,000 per capita gdp by 2050.
Impossible!! I think we would be like 17-18k USD by then.
@@davidisliberal2973 we are 8k right now so we should reach in 25 years no
@@deflexion3677 hopefully, but the real challenge is to maintain the growth consistently and having a stable government at the center.
@@alphacentauri6027 yeah the indian governments are highly not equipped fro the job. India should theoretically have been developed like 25 years ago. Anyways we need 8%+ GDP growth for 10 straight years ignorer to be any close to china
Very insightful conversation with optimism.
Extremely informative and good discussion. Thank you for this interview
Facinating one. He always great in present his views. Happy to know India's position.
Awesome,interview and clarity 9f thought
Thks heaven,things are not as bad as our irresponsible opposition wants us to believe.
Mr. Sanyasi talks about the new climate of less bottlenecks in industrial growth. That may be true, mostly for larger firms. But problems of bottlenecks and corruption are still very significant at the local government level - panchayats, towns etc. Small and medium firms are ( and should be) the key to India’s industrial growth. They are the ones that are hampered by inefficient and often corrupt local governments. This is too serous a problem to be ignored by the Central Government in New Delhi.
It's more because of the general rent seeking mindset and babu culture. Centre cant do much about it. Local initiatives and enterprunerial culture must be encouraged. Maybe digitization will help.
Sanyal not Sanyasi.
True but what can GoI can do at local level ? the local govt should take charge .. thats why some sates are better than others
Without Agriculture reform, Your agri product wasn't competitive.
Nice to see experts giving positive statement on our economy, especially last part 33:23 to 34:25
He is always so insightful...great discussion
You mean the interviewer?
India is the future economic power of world due to atmanirver Bharat
Good , positive ..Indian big corporates should support the growth now.
This can't be achieve until we have all those kamchor and net loss PSU. We need to privatize all of them .
Thanks
Welcome
The trade deficit is widening month after month.. Don't know how PLI, make in india, atmanirbhar etc.. are actually working or they're just a few words
*Why does India need to grow faster?*
*India needs to grow at a self sustainable rate!*
Growth has costs and benefits. Faster growth has much more costs and externalities. We don't want to catch some train. Slow and steady will win the race for us. We need to grow at a rate so that whatever level we achieve will be sustainable without too much effort.
........ the world is not waiting for India if your people have these kind mindset !
India is growing but what about the below factors.
1)Pollution is increasing to a hazardous level in every major city.
2)No control in the population.
3)High use of pesticides in the agriculture sector could impact our citizens' health. There is still less area under organic farming.
4)Around 2/3rd of the Indian population is living below the poverty line. Still, 800 million Indians are receiving food from govt. after the pandemic.
Apart from it some internal factors:-
1)Corruption in many govt areas is still beyond limits with no control whatsoever.
2)Govt. The health sector (hospitals etc) are in a worse situation as compared to private hospitals. It's almost impossible to treat in private hospitals for a common person.
3)No improvement in the education sector. Millions of engineers are getting passed out with no real education from the institute they are pursuing.
4)Clean water is still beyond reach for millions of people across many states in India.
5)Lot of grudges are being created by many states with central govt which could lead to many issues in the future for the growth of that particular state eg West Bengal, Punjab, etc.
Almighty God bless 🙏🙏 everyone 🙏🙏
India experienced the negative effects of excessive socialism as well as capitalism in the past 70 yrs. It’s time to again revisit mixed economy judiciously.
If there no inflation, there is no growth! The alternative is stagflation or recession! Both are not a good alternative! Controlled inflation is the way! There is much to catch up on personal purchasing power compared to developed countries and without inflation this can’t be improved!
What an incredibly nonsensical and naive statement. You only have inflation when supply cannot keep up with demand. If you raise both, then you can have growth without any inflation. Inflation, whether controlled or uncontrolled, is horrible for purchasing power and is basically a secret tax on everyone. It should be 0 if anyone can help it.
India needs to open its markets to global competition much more forcefully. This means vigorous privatization, tax cuts and tariff reduction. At the same time, rupee should be allowed to depreciate slowly along with tighter monetary policy and vigorous export promotion. A short run economic slowdown may be inevitable. But the policy goal should be to generate a more robust rupee and a more efficient and export oriented industrial sector.
*Your Western economics applies to low-population countries. Moreover, US did all this and is now struggling to tackle China as all manufacturing moved there.*
@@YOTUBE8848 I am not suggesting that a country should not consider its large population in framing its macroeconomic policy. What I suggest is that India should make a serious effort to expose its manufacturing sector to global competitive forces as some countries like China, Vietnam, and China have done, along with aggressive export promotion. In China, with its large population, such a policy was fairly effective for much of the industrial sector. (In sectors like steel protected with high tariff walls, how ever, over production and misallocation of resources were the results). India is making an effort to follow an open economy path too gingerly. Clearly, India’s large domestic market can provide significant power for economic growth. But, it alone will not provide the vitality required to move the Indian economy to the front row of industrial nations.
@@YOTUBE8848 western economics? Japan pioneered this. 🤣
@@rutvikrs *Is Japan a high population country? Is it in a great place now with all the inflation and crashing currency? You have no substance. I said Western because the US is considered the original powerhouse of free market capitalism and Japan used that policy on steroids to grow in a short time and then stagnate.*
@@YOTUBE8848 you have no idea what you are talking about. If Korea and China replicated these moves to successfully obtain an industrial base and lead edge on technologies, the Japanese did get things right.
When will our per capita GDP increase significantly? Will we remain a lower middle income country forever? When will our population boom in the BIMARU states come down as overpopulation is the single biggest cause of most problems in our country?
by 2050..
@@counterpoint9260 lol by then the demographic dividend will be demographic problem.
@@rishavkumar1250 we are safe till 2060... Dont believe me check out the population growth charts.... And the BIMARU states are doin well for quite some time...
I LOVE BEAUTIFUL INDIA AND ALL INDIANS OF SOVEREIGN, SOCIALIST, SECULAR, DEMOCRATIC AND REPUBLIC OF INDIA.
No more Socialist secular India, we already behind due to this useless words by at least 30-40 years. No more tharki gulab chacha mindset
@@PCHITALE, otherwise we would have been pakistan, under Modi we are slowly getting closer to pakistan
@@tnmachanperutiruchy9896 how do you substantiate that statement?
@@rutvikrs , Just look at the news , but don't follow Godi media
@@tnmachanperutiruchy9896 news is unreliable except on factual reportage. Can you show me how the Hindu Pakistan will function? Any theocracy has four functioning spokes, a document to run it by(Quran and Sunnah), a class of people to run it(Ullema) a central theocratic University/court(Darool) and schools of application(jaferi, deobandi, hanfi etc). What are the Hindu equivalents? I am trying to educate myself. Please help.
Why not double digit like china , Taiwan, South Korea
Defacto inflation will be same in year 2030 will come back when USD =200Rs
One we start trading in rs, rupee will strengthen. You can expect 1 dollar in 50 rs or less in 4 5 years. Mark my words.
We saw the same when russia started to give oil only if payment is in rubels. Rubel became the best performing currency even amidst war.
Rbi is preparing this, and the same could be launched after this war settles.
@@sumitbhatt766 dollar is universally accepted not rupees , just oil trading won't help
@@sumitbhatt766 no chance of that happening. If India moves even 5% of its population to middle class incomes, you'd need more liquidity to keep the market running. No export based economy(which India is gunning for) keeps the same limited pool of money. Expect 200.
I got this so far : let's compare to turkey n we look good. Then, supply side :Western countries didn't do great in covid but we did great.. How: we opened drone, geo spatial (hmmm). Oil market broke down (for last 4 yrs) n so we need to manage them (they don't know much only we do.. guess where the crude price is today n compare it to what we still pay). We should be part of the solution in agriculture but there also Market broke down (nothing on our planning n forecast based on drought). Basically, you can't have it both ways (and logic as u got free vaccine n so pay for petrol). Long term we will liberalize (Amrit kaal maybe).. Summary :This is the best we can do..suck it up n prepare for amrit kaal.. Sab changa si!
Read after watching the vid:Interconnected world can breakdown (great insight) and so we have value prop (something about labor, scale, manufacturing ) n we r pitching.... Significant part of manufacturing is design (hmm).. We can design and so we should be able to manufacture (same same)..regulatory cholesterol (interesting term.. Need to use somewhere) has come down significantly (apparently attitude of officials has changed.. Must be a good kpi).. They are putting a lot of effort.. Lots of names (start up India etc).. Importantly, it's a moving target (oops).. Drone topic came flying back again (rework).. Throw in attitude responsiveness again to highlight we are changing... Big business n small business don't fight each other (jio eating away kirana shop is just a myth) but ecosystem is growing (good for everyone).. Summary : back to supply side.. We are in best shape.. Goldilocks came up(what?)..bus is there, driver is good(ofc) , rasta kharab, dur jana hai (amrit kaal)... 9pc pakka! Tc!
what is amrit kaal?
When will the 4 labour codes come into effect?
It's my mindset now
Unemployment and price rising and inflation is a big challenge for our country.
Nice to hear sir
Excellent, as usual!
Amazing
how can a nation which begs for all kind of technology talk of self reliance/ aatma nirbhar …
Why is he not the finance minister? He knows about economics way more than Mrs.Nirmala.
You wouldnt wanna face like that go in a pit i guess
@@Gagandeep_singh06 Sorry i didn't understand what you just said?
@@factshut9675 he is in advisory but I think that if something wrong happens then why would you have a face like that for representation
Just my guess
When do you study more hard for exams, my experience if when you have fear of failing and you feel you haven't done enough prepration, exams I mean, exams, so it has become my permanent lesson, I never get complacent, so understand my majboori, for exams
Insightful
First interaction with Sanjeev Sanyal that build the least amount of confidence. He is clearly not in agreement with whatever is being forced to say by circumstances.
It all depend on putin and germany
If india grow more than 7% in this fiscal let see. We will be growing 5-5.5% growth from here if this regime continue to give wealth to corporate rather than people .
Who is going to create jobs? if we give people money. People have to earn money. India cannot afford to being socialist, where you drop money through a helicopter. If you have strength, why don''t you start your own business and slowly you can enjoy the benefits of being a corporate.
India is now going in right direction to create environment for job & business by attracting investment from Indian businessman and foreign investors.
Just introduction of PLI scheme in mobile industry india within no time 2nd largest manufacture in the world.
Now see how much direct & indirect job in this industry only.
He sounds everything is alright, tried underplay the capability of ex governor and his expertise in finance and economic
The ex governor capability was demonstrated to this country multiple times. It looks like you don't know.
It is under his tenure India went on to have worst NPA problem which took years and lot of money to cleanup. This shows how capable he was in his work.
The less said about the scruples of the Ex-Governor the better. He abused his Constitutional status by publicly embarrassing the Indian state by brazenly insulting it , while holding office and being privy to all confidential information workings of the state apparatus. He had got rather high on his erstwhile star status and started playing Zarathustra. Of late he has become an oracle lecturing the Indian state and even the civilisational entity on how to conduct its societal affairs. He has been a sore loser , his objectivity is in question with his unabashed flip flops and open opposition to the political dispensation here. He is no longer an economist but a partisan detractor . By all means his staid successor has done a terrifick job around the worst time in our recent history. In many ways Rajan's best days are behind him.
Both anchor and speaker are exhausted.
I have a doubt if 3D printing becomes prominent in near future, is it the end of growth of our country which is betting on manufacturing industries now.
Not sure if your views are based on AIM's. But people who claim 3D printing taking over mass manufacturing soon dont have much clue about the technology. 3D printing is already revolutionizing some industries but mass manufacturing of consumer goods and meeting the same quality and economy of scale is not going to happen anytime soon. There has been prediction about space travels since the early cold war era but is still available for the masses?! No
India still has a chance if it takes up manufacturing and production seriously with war footing.
(I need to use latest cutting edge 3D printing almost on a daily basis for more than 20 years now)
@@ytskt" still has a chance "
Yet india always misses those kinds of chances.
We will see if it misses those chances yet again .
Thought for the day
Capitalist economy advises us to produce more consume more.Get rich.
Gandhian economy advises us don't consume more than your basic needs.
("Nature has enough resources to meet man's needs but not his greed").
Which of the two is correct?
We all want to get rich. We are not hermit s ("Sanyasis"). So the first is right .
But wrong. Do you know even seas are depleted of fish due to our reckless fishing,
Deep sea fishing etc. ?
Do you know now with out artificial fertilizers our land won't grow anything
as it is depleted of all fertility due to our continuous and intense cultivation in the name of green revolution ?
(In olden days farmer used to leave his land with out cultivation for few seasons.).
Do you know due to our reckless sinking of borewells ground water level has gone down very low in many states despite heavy rains? (Instead of water harvesting, more lakes and greenary we are going for short cut through bore wells)
He look like a bit of Sashi tharoor
Wishful thinking, Can grow at 9%🤭..Fitch has just reduced it to 7%.
Rating agency?Just check how many rating agencies gave AAA rating to bonds which caused sub prime crisis in 2008.
@@kishantiwari5601 bonds are different matter.. however anyone can bet India can't grow 9% maybe 7 more likely 8 but 9 isn't possible
@@abhaypatel4292 they did not fail to predict about bonds but they were dishonest about it they gave junk bonds high rating for money.
That is why I was I take their commentry as joke.
As about the person above it's his job to paint a rosy picture, As of now no one in the world can predict what's going to happen next six months it's not that simple world like it was. I would be more than happy at a 7-7.5 percent growth rate rather than a roller coaster of 9 and 4.
@@kishantiwari5601 , that was blackswan event, don't make exception as the norm, if you do not want to trust agencies , then whom to trust , the government, well then everything is looking good.
what ? 9% ? that is not the modiji's growth rate. we need twice of that please 🤣🤣🤣🤣🤣🤣
No Nominal gdp is more important for common people.when you go abroad or buy stuff which is a product of international research you buy with nominal currency.for a high standard of living for its own people the currency of the country has to be strong .only then can normal people afford a good standard of living which is a given in the west.For Example.the average indian guy working in a call centre or a retail shop or just an ordinary office gets 150-200 usd per month and the same job with same skills in usa pays 4000 usd per month. now tell me with the same skill set any average normal guy(which is bulk of the working population leaving top 3%) who has a better standard of living in terms of housing, car, appliance, food?? the american not the indian. So your domestic currency has to be very strong for your own good and your own people. export competitive means you are working for the world as a slave. one can be export competitive and not devalue its currency.China understood this and did not devalue their currency BECAME THE LARGEST EXPORTER AND GREW 55 TIMES IN NOMINAL GDP TERMS since 1990. .India would actually grown much faster than china .if we were still at 8 rs to the dollar which was the case pre 1990 we would be a 30 trillion economy today. Agreed we would not have been an it exporter but who knows because we had money to pay domestically we would be a IT PRODUCT powerhouse domestically which could have given rise to IT product GLOBAL companies here in INDIA rather than service companies.
Today India is a far more resilIent economy than t was in 1991.but even in 1991 our currency was devalued 100% from1989 levels and 300% from 1984-86 levels and we became instantly poor overninght as a economy. even then usd inr rate was at Rs 17 at our lowest point.If we aim to reach usd inr of RS.15 in a decade or a few years more and keep growing nominally at 13-16% we will be a 50 to 60 trillion economy by 2035.that should be the path we choose for the benefit of our own population .
Bethe pehele toh tum ho pagal...mai bhi call center me hu...american express k sath...i make 80k a month 59k inhand plus incentives....toh vo 200 dollar vali bat na bolo....dusra...china till 2010 used to devalue their currency deliberately to keep them competetive in the global market as a manufacturing hub....age ka toh maine padha hi nhi hai kyuki shuruwat me hi hag diye ho tum itna bura vala toh age toh kya hi likha hoga
Damn what are u high on...
Okayyy, but PPP does matter for essential items: housing rent, electricity, water, food, public transport. Compare the cost in India and the US: it's nearly 4 times more expensive there if not more. Oil is unfortunately imported, so PPP doesn't help at all. But the overall PPP factor considers all these important basket of goods, so it is taken care of. Thats why economists consider PPP to evaluate per capita incomes.
Very good interview 👏
🙏
IF
It will grow by 10-12% , if yiu do this and that, which can’t see the light of the day.,These advisors to PM are also cause for current status of economy.
It won't be "impacted"; it will be _affected._ And it won't have an "impact"; it will have an _effect._ I don't know where this nonsensical jargon seems to be coming from.
Indian gdp will
One problem is entitlement of the current pool of people with only degrees but sub par skill set if I so put it gently.
Bitter truth is ...Why should any one give you a job ? What can you contribute to my business, my Industry ? Me and my tax money is not responsible for the path you chose as an adult nor your family which in most cases pays for the education. Your degree is not valuable big whoop then why did you peruse it ?
Didn't Mr Sanyal promise double digit real GDP growth this year? That didn't work out.
But Sir , the crude price, prices of many commodities etc has risen exponentially. So the GDP growth of India , expected to be 8% , will be the best in the whole world
Aim for the stars, you might land in the trees.
Aim for the trees, you have the ‘Hindu’ rate of growth.
@@1aarora it’s not Hindu rate of growth but “MAD MARXIST “rate of growth helped by the socialist Nehru.
@@renjanpai4256 did you see the quotation marks?
@@1aarora so Atul what would you have done if you would have been in policy making one economic policy which you suggest relating to inflation?
Economy to itna thanda hai. Thumbs down.
Modi is a very cunning and a biased fellow. People of all highly industrialized states (Maharashtra, Tamilnadu, Karnataka etc) other than Gujarat and all the mineral rich states (Orissa, Jharkhand, Chattisgarh) must be aware and careful of this. I am giving few examples below. Over last few years he and Railway Minister Ashwani Vaishnav are diverting all railway manufacturing projects to Gujarat. Indian Railway locomotive manufacturing plant which was supposed to come up in Telengana), Alsthom and Bombardier Coach and Metro Railway Rake Manufacturing plant have come up in Gujarat. Raw materials like steel, aluminium, copper, are being taken from Orissa, Jharkhand, Chattisgarh and used for manufacturing in those railway plants. These plants could have been set up in those Mineral Rich states. It is pathetic to note that Vaishnav who is elected to the Rajya Sabha from Orissa is working against the interest of Orissa. Now they have hijacked the Foxconn Vedanta project from Maharashtra to Gujarat. Anil Agarwal was forced to take that decision by Modi and Vaishnav. Also when General Motors stopped manufacturing in India Modi and Gujarat Government cleverly invited Chinese Automobile Manufacturing Company MG Motors to take over the Boroda Plant. However when General Motors stopped manufacturing in the Talegaon Plant near Pune a Chinese Automobile Manufacturing Company Great Wall Motors showed keen interest to take over the plant. However Modi and team prevented the Maharashtra Government in handing over this plant to the Chinese Company on the pretext of Galwan Skirmish and border dispute with China. The Talegaon Plant is still shut down and thousands of employees of the Company, ancillary units, suppliers, service providers and transporters are jobless. Recently Ford Motor Company has closed down both the Chennai Plant and Sanand Plant. Modi very cleverly forced Tata Motors to take over the Ford Sanand plant in Gujarat. The Chennai Plant continues to be shut down. Modi is hell bent on destroying the industrial activities and industrial environment in highly industrialized and manufacturing intensive states of Tamil Nadu, Maharashtra and Karnataka. I hope that good citizens of Moharashtra Tamil Nadu and Karnataka would understand the implications of such policies of Modi favouring his home state of Gujarat. He is not working like the Prime Minister of India but like the defacto Chief Ministers of Gujarat and Uttar Pradesh to some extent. Modi at any given opportunity is talking against China but does not practice what he preaches Make in India. India is increasing its imports from China year on year In the financial year 2021-2022 imports from China is the highest ever and Trade deficit of India has risen. Now India has started importing Wheels of Vande Bharat coaches from China for which orders were earlier given to Ukraine. Against heavy criticism Vaishnav has invited bid technical and commercial from the Indian Steel plants for Wheels.
Great research. Good job 👍. I had suspicion but no concrete evidence. Now you have provided that.
Heard it from Horses Mouth..
Acharya nahi hai.
Sanyal doesn't know E of economy. Nor does anyone in the Feku government.
GDP -PPP is more important measure than GDP. By that measure, India has world's third largest economy.
But as per me, Human development Index is the important factor while evaluating a country's economic growth or prosperity.
No Nominal gdp is more important for common people.when you go abroad or buy stuff which is a product of international research you buy with nominal currency.for a high standard of living for its own people the currency of the country has to be strong .only then can normal people afford a good standard of living which is a given inthe west.the sa,e average indian uy working in a call centre gets 200 usd per month and the once in usa get 4000 usd per month. now tell me with the same skill set who has a better standard of living in terms of housing, car, appliance, food. the american not the indian. So your domestic currency has to be very strong for your own good and your own people. export competitive means you are working for the world as a slave. one can be export competitive and not devalue its currency.China understood this and did not devalue their currency BECAME THE LARGEST EXPORTER AND GREW 55 TIMES .India has actually grown much faster than china .if we were still at 8 rs to the dollar which was the case pre 1990 we would be a 30 trillion economy today. Agreed we would not have been an it exporter but who knows because we had money to pay domestically we would be a IT PRODUCT powerhouse domestically which could have given rise to IT product GLOBAL companies here in INDIA rather than service companies.
Today India is a far more resilIent economy than t was in 1991.but even in 1991 our currency was devalued 100% from1989 levels and 300% from 1984-86 levels and we became instantly poor overninght as a economy. even then usd inr rate was at Rs 17 at our lowest point.If we aim to reach usd inr of RS.15 in a decade or a few years more and keep growing nominally at 13-16% we will be a 50 to 60 trillion economy by 2035.that should be the path we choose for the benefit of our own population .
💯🕉️
Selling dreams won't do if u can make india grow at 9 percent I will accept that modi is the best government
True bro.
Just telling 9% growth will not achieve it.
We are struggling to get 7% in 2022 but dreaming of 9%.
These guys should dream first at how to achieve 7%
Common sanjeev ...hit d traitor rajan headon, being defensive of him is nit ur style
Modi is a very cunning and a biased person. He is the Prime Minister of India, but his pro Gujarat stance is clearly visible and is totally unacceptable. Modi is discriminating against many other states and diverting projects meant to come up in those states to his home state of Gujarat for quite sometime. actions which are absolutely disgraceful and disgusting. People of all highly industrialized states (Maharashtra, Tamilnadu, Karnataka etc) other than Gujarat and all the mineral rich states (Orissa, Jharkhand, Chattisgarh) must be aware and careful of all these. I am giving few examples below. Over last few years Modi and Railway Minister Ashwani Vaishnav are diverting all railway manufacturing projects to Gujarat. Indian Railway's locomotive manufacturing plant which was supposed to come up in Telengana, Alsthom and Bombardier Coach and Metro Railway Rake Manufacturing plant have come up in Gujarat. Raw materials like steel, aluminium, copper, are being taken from Orissa, Jharkhand, Chattisgarh and used for manufacturing in those railway plants. These plants could have been set up in those Mineral Rich states. It is pathetic to note that Vaishnav the Railway and Information Technology Minister who is elected to the Rajya Sabha from Orissa is working against the interest of Orissa. So far Vaishnav has not brought a single big ticket investment to Orissa either in terms of Information Technology or Railway Projects. Now these two have hijacked the phenomenally big Foxconn Vedanta project which was supposed to come up in Talegaon in Maharashtra and diverted the same to Gujarat. Anil Agarwal was forced to take that decision by Modi and Vaishnav. Also when General Motors stopped manufacturing in India Modi and Gujarat Government cleverly invited Chinese Automobile Manufacturing Company MG Motors to take over the Boroda Plant. However when General Motors stopped manufacturing in the Talegaon Plant near Pune a Chinese Automobile Manufacturing Company Great Wall Motors showed keen interest to take over the plant. However Modi and team prevented the Maharashtra Government in handing over this plant to the Chinese Company on the pretext of Galwan Skirmish and border dispute with China. The Talegaon Plant is still shut down and thousands of employees of the Company, ancillary units, suppliers, service providers and transporters are jobless. Recently Ford Motor Company has closed down both the Chennai Plant and Sanand Plant. Modi very cleverly persuaded Tata Motors to take over the Ford Sanand plant in Gujarat. The Ford Chennai Plant continues to be shut down. Modi is hell bent on destroying the industrial activities and industrial environment in highly industrialized and manufacturing intensive states of Tamil Nadu, Maharashtra and Karnataka. I hope that good citizens of Moharashtra Tamil Nadu, Karnataka, Telengana and other states would understand the implications of such policies of Modi favouring his home state of Gujarat. He is not working like the Prime Minister of India but like the defacto Chief Ministers of Gujarat and Uttar Pradesh to some extent. Modi at any given opportunity is talking against China but does not practice what he preaches Make in India. India is increasing its imports from China year on year In the financial year 2021-2022 imports from China is the highest ever and Trade deficit of India has risen. Now India has started importing Wheels of Vande Bharat coaches from China for which orders were earlier given to Ukraine. Against heavy criticism Vaishnav has invited bid technical and commercial from the Indian Steel plants for manufacturing wheels. People of all these states must respond to such discrimination appropriately, in the 2024 Parliamentary elections
9% growth means what ? Will Indians fly in jets locally ? Delhi Mumbai Blore Chennai all have 2 + runways each , every minute a plane lands excellent. Nonsense. First help rough sleepers IF IDIOTS DO JOURNALISM AND ANALYSIS, result is DAY DREAMS VIDEOS
it is not so important whether the growth rate is 10 percent or 7 percent. Rajib Gandhi had achieved 10 percent growth rate but within a few years India went bankrupt when the Soviet Union disappeared. Modiji made a serious mistake by including these financial experts who dies not know Economics.
What exactly is the mistake here? your sentences do not have a logical conclusion
Sanjeev still doesn't know as to how pull 670 million people out of poverty or how to reduce extreme Inequality.
It would be better if he stops being a darling of the Bhakt Brigade .
WHo is poor? My dear. Pulling people out of poverty is not simple as pulling a sock over your feet. Money doesn't grow in trees. At least now, we have a better path with more manufacturing industries coming to India which hopefully creates employment.
Do some research about poverty in 2014 and in 2022
India is still fastest growing economy
Read reports of imf and world bank.
Andhnamaazi don't be intellectual
Jispe koi bhi skill nahi hai usko jobs tu dede fir? 100 logon ko employment dede tu. Bhkchodi kara lo bs govt ye govt. Woh.. chumtiya hai tu
This happens when you see too much of dhruv tatti videos.
@@srinisbir8781 didn't know that Only the Western parts of India are India and the rest other neglected parts are actually a different country
All projections fake by bjp.what ranks india percapita gdp?it is in 120 th place in tanking
We know what happened the e last time around when BJP propagated 'India Shining' ...... Circa 2004 🙂
@Ajay warier Hope Modiji does not inflict taxes on dreaming too 🙂
@@axt6760 Aree dada xD
Just cos you say that India's economy can grow at the rate of 9% will not make it a reality! Just more of the same Indian talk but no action.
Can he name some 10 companies that has shifted it's supply chain industries to India from China?? Just ranting the same boring theories for 8 years.
The more complicated he makes the discussion, it is well understood that the economy is not picking up to it's optimum. This govt approaches economy with a horse face and not with a birds eye view.