McVey: Foreign Capital Wants to Be in India
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- Опубликовано: 6 июн 2024
- Henry McVey, KKR Head of the Global Macro, Balance Sheet and Risk, has just returned from a trip to India and tells us what a difference twelve years has made in realizing Prime Minister Modi's reforms and attracting foreign capital.
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Britain killed 4 million Indians in Bengal in 1943 by imposing a famine
True
Thats just Bengal in 1943. Over their span of occupation they massacred over 150 million people in India.
They have themselves to blame. Breeding like rabbits doesn't help too much
@@goodman8469 Brits bred like rabbits in Australia and Canada soon after
@@goodman8469 not a good reference when one of those rabbits has his hand on your nukes.
India is working on itself... Incremental improvement on a consistent basis... Hence, in a short time it has jumped from the 9 to 5 largest economy. It's going to double its economy size in the next 5 years.
Indian GDP is very low given its population.
Yes gdp per capital is low but gdp is increasing that what matters
@@GowthamNatarajanAIyeah that's why GDP per capita increased by $820 from 1947 to 2013
And now increased by $1124 from 2014 to 2024
Indian GDP per capita is low so does the cost of living.
@@durgeshsss
GDP increase suits foreign investors who just want to earn money sitting on their butts, without doing anything. It's the measure of a factory not a society.
@@GowthamNatarajanAI
Do you want to suck out every drop of blood and sweat of Indians in factories?
$45 Trillion was taken from India by Britain over 200 years of rule
Yes
source bhagwad geeta🤣
@@sarmadsadiqe4424 Abdul detected opinion rejected
@@KamaleshRoy-sk2hj sita detected and got f*ked up
@@sarmadsadiqe4424source: prophet Muhammad’s asshole
Problem with comparing India with china is , China has been a communist dictatorship while India is a democracy. It is expected things to go slower in a democracy because of its checks and balances.
Plus one can't believe the numbers china puts out, their system is highly opaque and hugely controlled.
I frankly don't believe their GDP is 17 trillion dollars, after a continuous collapse of their sectors one by one,be it banking/real estate/stock markets/FDI/rising debts and failing BRI ,they claim positive growth it's frankly hard to believe
Exactly
Exactly 👍
democracy and speed are different things. it all depends on the people and the leadership.if you will have cow dung eaters running a state then sorry you ill never reach anywhere
😂😂😂😂😂
Bloomberg taking positive about india?IMPOSSIBLE
How long hide the SUN (SuryaVenshis )Jai Shri Ram 🙂
India is booming and will continue to over perform for another decade ❤
Germen shepherd- ye godi media hai, ise Dictator ne kharid liya hai😂😅
Getman shepherd Dhruv latti Crying in corner 😂😂😂😂😂
abhi toh kejriwal jail main hai funding stopped👌😂
Pappu ke pujari 😂😂😂
😂😂
Mr tattee not latti @koreanshort8195
according to a report by ASK investment managers "in 10 years indian stock market has delivered a 10.9 % annualized return which is highest then any other countries.despite nowadys global recession Indian economy is booming
*INDIA WILL KEEP RISING*
Looting any country and called it poor it's only happen in Britain and European countries
Keep Going, India!
I’m so happy the interviewer and KKR dude brought up agriculture when discussing the need for reform.
Sadly this sector ppl don't want to reform, upgrade & grow or they r easy to be manipulated by opposition propagandas
$2850 not $2000
Almost $10k ppp per capita
@@GoddessFreyaa PPP is nothing when you have a huge trade deficit and import everything.
Yes that too despite low wholesale inflation and continuous currency depreciation.
As an indian i like Mr Henry's point of view 👍
I heard the word 'Inflation' atleast 5 times during the conversation. Being in the investment business, Mcvey might hv noted its effect on other countries and how it has eroded wealth and created "Urban poor" in developed world.
Yes it has
You should have said ‘so called developed world’
INDIA arrived at party 🎉
@IndianStreetShittersPajeet Lol, what a sad sight too behold. You literally take time out of your day to make these comments, get a job loser 😂
@@IndianStreetShittersPajeet Says a terrorist 😂😂
racism towards , india , indians and indian companies needs to stop if this is the case. All of india is paid less and more work is got done . We are not your back office. We also need to keep the equation straight when it comes to germans in india. Too many east germans roaming around freely
Glad someone raised this 👏🏻👏🏻👏🏻
compare the number of germans and indians too. germans would easily go back but indians will be on their knees begging to stay there
Good to know from an outsider that there is increase in real GDP Growth, things are improving. Our opposition says otherwise.
This is exactly what, i was saying, india needs to do something for manufacturing
Good
wait for ten to fifteen we are buildig bedrocks of india for next 1000 year yes thousand year based on A.I , quantum , biotech, space, drone , robotics ,semiconductor, software are going to be focus
cow dung eaters should not talk about technology
most welcome, we also want manufacturers to invest in hard facilities
india is fastest growing trillion dollars economy.
The biggest problem with india is a wide gap in income and skill sets. This always keeps a section of people lagging behind and if rapid growth takes place even with slight inflation, these people cannot afford any services. for example a large number of indian middle class homes have a house help to work at home. when rapid growth happens and wages of those house helps dont keep up with the growth in economy, they miss out on many of the benefits and might even be pushed back into poverty. if their wages grow, then people might be averse to employing them. The fundamental issue with india is many millions of people work for daily wages for paltry sums of money. India runs on this system of low cost human capital. if the economy grows with wages stagnant, then there would be huge inequality. if wages grow without creation of other jobs, then there would be huge unemployment.
How the wage doesn't grow with economy..
Lol, those helps earn more than some private school teachers in my area
PS:- Economy can't grow without creation of other jobs & opportunities, so when multiple sectors potential will unleash at their best result new jobs gonna created then economy grow and then so does the wages
If western world want to manufacture product in India, make it just for western world please, there's a reason for decades only east Asian companies from Japan, Korea, & now China emerges as powerhouse. Just look at the average world IQ statistics. I'm not even east Asian but I want reliable products made by capable smart people when I buy it.
Loved it ✨
stock footage used, those currency noted are expired and are not legal tender
India❤
INDIA 💌🏩🤟
Greatt
Why did they use old video clip for represent India...
I think this is best vote catcher video for modi
I hope Private Equity never enters India. Even if it does, it has to be highly regulated and not allowed to carry out its predatory practices that have destroyed well functioning companies in USA.
i m indian farmer son .... still many things to reform and missing things like links .... i can say huge potential in india if anybody figure out things
Since when manufacturing starts creating high payment job? Software and tech are main creator of high paying job. Manufacturing create mass low to medium pay job
these manifacturing jobs are higher than what a country has when it is an agrarian economy. So it is relatively high, not absolutely
All these Software jobs are highly paid because of huge dollar investment from western companies. Most of the clients are western economies and once de dollarization happens around 2025 , these Software job salaries will be equivalent to the manufacturing, logistics jobs !!
With 1.4 billion diverse population with varied education levels, India needs to work on Manufacturing sector as well as services ,research sectors, textile, agricultural sectors etc. We have so much Human Resource that we need to provide all kinds of job opportunities.
Its high paying for a large chunk of low income families
Stop living in 2020. Everyone sees the upcoming service sector collapse.
West needs to grow up.. Videos about India in this article suggest only poor people live in this only bright economy of the world 😅
Kolkata knight riders 😏
Bro rcb won ipl for the second time yesterday,yes am talking about women’s league 😂❤
@@Ghost-II-Retribution first time not 2nd time....🤣🤣🤣
But I stand with CSK...as always...😅😂😂😂
India is really growing very fast under mody govt
Talking about India being in 2024, video used to represent India is decade or two old
India is leading the digital infrastructure and it will continue to do the same in all the sectors
2000 and 2500$ household income. He’s talking about 5-10% population who are working community in major fields like govt sector and engineers.
It's 2850 dollars ,and it's yearly average not monthly 😮
Have you heard of the term called per capita income?
The funny thing to make us look low Bloomberg in background uses dated picture’s in which we could seen currency notes which were banned 8 years ago!!!!
If you want to be fair and have a clear view please used the picture that actually shows the growth
As once someone starts to use the pics of US homeless it will be hard for even US to get money and talented people which they need
India needs to do manufacturing in big volumes. China is example.
No
Focus on quality and long lasting products that are not taxing on the environment. Chinese are producing a lot of low quality stuff for garbage dumps ….
@@RJ-xi8cr No, their quality has increased and are just like Japanese products of old times.
Maybe you r more into their cheap factory excesses which are flooded to world market to destroy others' economy.
Indian primear league overall budjet 12 billion dollor and its rising very fatsly,come and invest
Example KKR, in this video
And 10 Frenchise have big market ❤
I hope it's just a joke.😐
Bro kkr is fourth largest investment capital firm not the ipl franchise he is talking about😂
Wtf are you waffling about. Tum voi logo me se ho jo snapchat and snapdeal me confuse hue the😂😂😂😂
😅😅😅😅
@@UK-xv1db why are you laughing
India is the fastest-growing major economy in the world but it needs to grow by double-digits to increase its GDP per capita and become a developed economy.
Bloomberg is using 7 year old video of India, why, what can be the reasons?
KKR has a 2.32 Percentage stake in jio (11000 cr) platforms and 1.42%(2500 cr) stake in reliance retail...let that sink in
We gonna spend at Indian vendor only .😂😂 If UK us china wants a market in India you have to P2P, B2B in India only.
India needs to invest more than consume. Manufacturing needs to pick up too.
2ND Spot is definitely for sure for India within next 75 years
2nd spot should be by 2047. It should try and be no 1 within 75 years.
@@AjaySR56789 it will never happen soon u guys would be out of top 5 too
@@sarmadsadiqe4424 How can we be out of top 5 ? Do you have a mind or what ? We were in top 15 ten years ago and in mere 10 years we jumped five spots, so how can we go out of top 5, specially when the whole world goes into recession besides India.
@@bhavikpatel6354 you will be having negative gdp thats why i said
@@bhavikpatel6354 you guys are on constant decline.there was a time you guys were at 10% but now u are at 5.5%(actual) and in the upcoming years it would be 2 or 3%
Um ok, India doesn't even have 24/7 running water yet.
Investor's go from one country to another just like bees go from one flower to another, it's all about money honey.
Great interview, nice one Bloomberg.
Eswar Prasad's way of speaking almost sounds like a parody of the Indian accent.
I think he must be the influence behind Appu's voice in The Family Show.
Whay are you using old videos of India like we can appreciate demonized bank notes 1000 rs clearly video is older than 2019
Indian soldiers fought the Axis forces with mere swords in world war and won battle. Such is the bravery of Indian soldiers. So less number than china could be compensated with this. This is not problem, the problem is china has upper hand in airforce and navy and tech.
War in rest of the world means rich india
Do u even know there is terrorist country called Pakistan is our neighbour,
Do u even know Chaina is our neighbour also?
Love❤❤❤modi
😋🇮🇳
dhruv rathee listen here
Dhruv and his colleagues (from Soros’ office) are busy driving next propaganda item against Modi.
Indians across the global even in US military programs...so should cautious if it comes mother country..
Henry McVey, KKR Head of the Global Macro, Balance Sheet and Risk, come to india with india knowing u ain't the dark knight .. y'all in dark nights. bold and honest no lies.
Old stock footage😂. The currencies in the video was demonitised years ago. Please update your stock footage Bloomberg
Western media be like : A hindu nationalist Prime minister who is a curse to democracy is boosting the economy of India ..😂😂😂
Indians be like : We love this developmental Hindu dictatorship..😂😅
Global Awareness drive Peace campaign is on. Join our Peace and Climate Action Campaign.
Whats kkr?
Kolkata knight riders
kohlberg kravis and roberts. Investment firm.
@@hohoho6338 😂😂
bloomberg also reports on politics when the cia asks for it
Indian Consumers/business loans don't like loans. Their main goal is to pay off any loans.
Finally, an acceptance piece which is neutral from this channel. Thank you, editors, this was a much more non arbitrary view even though the choice of talking people is moronic at best.
Actually the rural poor are becoming lower middle class. Westerners miss this..
80 cr people are dependent of 5kg govt food and you are lecturing westeners
@@sarmadsadiqe4424 first look into your own country pakistani.. jokers come on net to lecture indians..
@@sarmadsadiqe4424 fake it is for political misleading by bjp to gain votes only 5 to 10 cr people will be benifting from it
@@sarmadsadiqe4424 Lmao, my family too get that 5kg/per person crops but we have 3 floored own house in capital city of my state we buy own aata & rice too (just take free rice from there to keep for prepare extra rice based cuisines) so fyi, ppl just taking it bcoz its given for free (& who don't like something gud for free no matter our status or income) and govt giving it out coz they have so much over production stocks of agri produce that most of it often go waste otherwise as currently they don't have big enough well hi-tech equipped tons of storage facilities build for extra overproduced stock to store (they working on building them at large) in the way they not go bad for many many years; so many ppl infact receive it for free & resell back at market rate Or some ppl just take some money as per quantity from govt rasan distributor shop owner & owner sell it in market at market rate
@@sarmadsadiqe4424 that’s because some people think a secular education is haram, so they’re uneducated and unemployable
Christianity, Prussian faith, each have a deep philosophy of their own
They also have to get rid off the Communist & Congress/socialist government from the south.
Indias economic growth is based on government spending. Consumption hasn't driven growth so far.
Which country's govt don't spend
@spaceasphalt9510 I agree most world governments are nearly growing due to government spending only. But if you want sustainable real growth then it should be based on exports and domestic consumption. That is still stagnant and the economy is being prompted up government spending.
@@rexcherian2644 3:51 if you know how to read graph then you wouldn't have made such a stupid comment
India may cannot surpass china and USA but sure become 3rd country in most things and 2nd in some things
Good luck to the foreign funds.
I know many Malaysian companies that tried to do business in India …..it is very tough.
There are few good opportunities.
The local companies have the odds stacked in their favour.
According to the World Bank, India's rank in the 2024 Doing Business Report (DBR) is, 63 out of 190 economies, which is up from 142nd in 2014. This is due to reforms that have improved the regulatory landscape to support business operations.
Wong Wong Wong u r again at it good luck
+1@@desiputtar89
@@pikachue602
Things can only get better in india.
India is still behind Vietnam, Indonesia or Thailand.
They may found it tough due to tough enough local competition they got in indian market in the sectors they wanted to enter as indian market is competitive & demanding of many things amend acc to cater indians specific/centred needs. Only countries with their hi-tech companies to offer better than indian alternatives (acc to needs of local consumer) in only those sectors local indian companies still lacks within its domestic market, can compete stay and run for long here & In that its mostly only US, SK, Japan, China few companies has able do that or fill the void; Not those countries (like many southeast asia nations) which have mostly similar level stuff to offer as our local companies or have low tech based sectors manufacturing business brands/companies.
Indian companies also tried do business in russia but found it very tough due to their market specially certain sectors (in which we had stuff to offer) were already well penetrated & fully occupied by east asian companies.
Kolkata knight riders 😅
Show this to Khangress
不把老仙摔死你们是不罢休啊😂
KINDLY VOTE FOR THE BHARTIYA JANTHA PARTY
A stable government also atleast for next 10 years bjp will be in power
It's about high time to develop your skills, get a high paying renote job and shift to village and just keep city based infra as investment opportunities. Capitalism will destroy india
This guy is Not an expert on economy. Sorry for saying that but he obviously is just an investor. 'Incorporating AI into the economy India'? That will only reduce job opportunities now.
Every time with new tech came, ppl in traditional old sector jobs shouted the same without any idea that it will only gonna create newer sector job opportunities & replace with old ones/jobs
Just ask ford and GM how great India is. Or for that matter, any big American business that invested in India in the last 20 years. I give you a hint, ford and gm are no longer in India
Ford is already back in India. Update yourself lil bro 😂
both companies came back to india and want the ev market lol
Idk if you're interested to discuss or are just trolling, but the problem faced by both Ford and GM were VERY different.
GM lost the game as the Indian Market is very competitive. Ford was winning till the end, but for some reason, it was spending way too much on its employees.
Regardless, both of 'em are back in India, so at least those two are more optimistic about us than you.
They couldn't understand the Indian market. That's it.
Apple failed at first now guess what 😂
Dhruv Rathi yeh pagal h jo hum bole wahi sach
And out of India.
India may become a big economy in the future, but China and the USA will lead the world in advanced technology.
India is a great opportunity. Here are the pluses and minuses:
Plus:
Stable, democratic, Parliamentary government
Pool of educated labour
Centrally located to Asia or Europe
Large population
English spoken in the educated classes
You won't be imprisoned for political views
Internet is open
Minuses:
Government decision making and permits take forever (years)
Industrialisation behind other 3rd world economies.
Be prepared to build a hospital and run it, as part of the deal
Investment usually requires an Indian partner with 40+% equity
Their foreign diaspora are the worst visa overstayers (They want to leave and not come back)
Work ethic is lower than say, China
Class and Caste system dominate social and business levels
They ignore sanctions and trade with Russia
The last one...😂😂
India only care about UN sanctions...
all the plus point you mentioned russia has nothing but despite all of this russia was receive more investment then India /vietnam , because only 2 main points needed for FDI 1.) goverment stability 2.) economy boom
Steve that was the very thinking of the british that got them to establish east india company and now in 2024 we still have the same thought. The hunt for cheap labor is never going to end. The west needs a new factory of the world to replace china quickly.
The greatest plus about India is that India doesn't desperately need foreign investment. Domestic investment has boomed.
Lol, Russians are our historical friends 😂
But India doesn't want the capital of criminal capitalists of west. Bharat must be developed with idea, values and capital of Spiritual people of Bharat, not inhuman, criminal, selfish capitalists of west.
Librandus are crying in corner
DUMB MONEY chasing high valuations.
So buy Nvidia?
Just look at history. Stock returns in Asia is crap. Its awesome in US
Invest in USA then 🤣👍
AI comment
Stock returns in Asia are not crap you are mal-informed there, Stock returns in USA are good undoubtedly but saying those returns 'awesome' is overstatement
The people living in india is building together contributing something unlike refuge , immigrant NRI who talk shit about India contributing nothing giving advice moron
😂 India is a continent itself.
Any BJP bhakts here pls do reply or like my comment😂😂
There is no country called India on this Earth, please try to find it on other planets.
Wake up
@@prateeksharma6706 FO
😂 drop the act ola hu uber boi
India is dirty
Ha pata hai Bharat bulate abhi
Moving out of China to be in India. Like jumping out of the fire into a frying pan. Don't believe me? Check back again in 7 to 10 years.
Ok 👍
And not being in any of them is like bathing in lava!
Ok boomer 🥴
You are so stupid! You must be an idiot to compare a commie dictatorship with a fellow democracy
Come to gujrat my friend 😂
This is why India votes for Modi. Everything else you hear in the western media about religion & all that sh!t is just non sense by your media
🆗
Modi coming in 2024 ❤
I would invest in US or any other western countries, I wouldn’t invest anything in Asia period
Op financial and economics knowledge buddy
Stay poor
😂😂😂
Wow, they will go bankrupt if you don't.
Looks like you have nothing to invest anywhere.😂😂
Okay boomer 🥴
@@durgeshsss Just look at history. Stock returns in Asia is crap. Its awesome in US
@dhruvrathee