Pakistan’s economic crisis & desperate hunt for costly loans laced with humiliation
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- Опубликовано: 9 сен 2024
- #PakistanEconomy
As IMF has agreed to issue its 13th bailout to Pakistan in three decades, Shekhar Gupta analyses the current state of Pakistan’s economy as it is on the brink of an economic collapse. Rising inflation, heavy trade deficit are haunting the Imran Khan government and why a loan from Saudi friends is humiliating. Episode 889 of CutTheClutter
Additional Research by Sukriti Vats and Amogh Rohmetra
Brought to you by @KiaInd
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Shekar ji ...you forget ONLY vaccinated economies have an economic future in this globalised world. No country will give visa to Pakistani ...it will soon become like Zimbabwe.
With 2026 Pak usd bonds at c. 6.5% yield, 4% interest charged by the Saudi’s is a subsidised rate.
@@paddysubramaniam1481 Despotic rule can last a long time if that is the only objective of such regimes. To quickly create a prosperous nation, there must be confidence that the rule of law, social mobility of the individual, freely flowing capital, and modern property rights, are much more than just sweet words trying to obscure a permanent horrible reality...
Qqq
My request to all my Indian brothers and sisters :- we shouldn't compare ourselves with Pakistan anymore. We should start comparison with China and USA, only then India can become a developed country
Especially as an Indian muslim I want my hindu brothers and sisters not to follow any kind of hatred which will divide us, we as a nation should progress and we will do that only when we are united. The Britishers were successful in that partition because we were divided in the name of religion, please don't follow that route
India should be our first priority and we should focus only on one thing 'Making India a developed country'. I want to request all my Indian brothers and sisters to work hard properly and make India great again ❤️❤️❤️
This is perhaps the best comment I have read. As long as we don't stand together we will never be successful, as an Indian who has worked extensively with people of other nationalities I know how the world looks at us, how the west and the Chinese compare us to cockroaches and here we are busy dividing ourselves and fighting over religion while the world makes progress.
@@shashamnk2525 exactly, this is why I am requesting everyone (Muslims, Hindus, Sikhs, Christians, Buddhists, Jains) to work together as a country and make India great ❤️❤️❤️
If we work together, only then we will become superpower
❤️❤️. Stay united
Therefore we should have uniform civil code for all brother and sisters...... nobody should be left behind and differentiated
Plz pass this message to Kashmiri Muslims so that they can arrange for settlement of 5 lakh Kashmiri hindus back in valley, who were forced to leave the valley because of majhabi hatred..This will set a good example for plural India otherwise it's just one sided sickularism!!
“Big brothers are different from elder brothers, mind you” - yet another pearl from SG!
they are geopolitical terms
@@VishalKumar-xp6gz Of course they are
INDIA has always been an Elder Brother on the International stage ... Amen
Add Iron brothers to that
No one noticed the 1984 reference I guess except you.
Pakistan used to have a much strong economy than India until late 80's.The story of Pakistan took a complete opposite turn, when it's military started to harbour Islamic extremists after Afghan war with Soviets. It adopted terrorism as instrument of state policy, and since then is paying a very heavy price for it.
Sins done are being paid off.
🤔
Same bjp is doing by inserting intolerance in india
@@EverythingMusicPro lol intolerance. Just read about how many riots use to happn before 2013 and bomb blasts.
@@rishupandey7935 china is the most developed and safe country on earth.
.
One of Pakistan leader said," If time comes We Pakistani will eat grass but still make nuclear weapon to fight India".
I think time have came for Pakistani😂😂😂😂
It happens when education becomes less important than religious brainwash.
Covid second wave showed the world what you are when time comes to ewt grass...we become a super power you turned out to be in lowest hunger and happiness index of the region
@@shsaeed6818 Have to ever heard of "Ease of doing bussiness index", published by world bank,it have been stopped,go and read about reason.
If you still belive in these fake indexs when congrats "Hunger Index Superpower Pakistan".
Unfortunately, there is no Grass in Pakistan... Agriculture is almost ZERO...
Pakistan had been eating grass for the past forty years it’s time to give milk now 😂😂😂
Dear SG ji, Forget about Pakistan, there is state in Andhra Pradesh which is very close to getting bankrupt because of government’s policies… taking loans from everywhere just to be distributed to people in the name of bizarre schemes… hope you will pay attention and speak to your expert financial journalist experts
Yes Andhra is the next Bimaru state if not checked
@@jaideepmathur6315
Yes all because of useless caste politics and tugulak things done by our CM and vendetta politics.
I am from Andhra Pradesh I agree what you are saying
Andhra is so bizzare at the moment. It runs the most unsustainable revenue deficits among all states and has one of the lowest capital expenditure rates. Andhra has one of the worst fiscal situations at the moment, save Punjab and Kerala perhaps. They have actually put future tax revenues as well as future central revenue devolutions on lien with Banks to borrow for some of the schemes. Absolutely reckless fiscal management. Ofcourse, us Telugu people are also accepting it silently, accepting that our children will pay for these freebies.
If what you are saying is right then it is a recipe for disaster. This is not good specially when you have large coastline and great industrial cities like Vizag and Vijaywada.
Indian companies are larger than its economy. There might come a day where India’s cities like Delhi, Mumbai, Bangalore and Hyderabad allocate bigger budgets to their municipalities than the whole of Pakistan.
We should compare with China
Sure. We can see it within next 3 decades.
@Kaushal Batavia we are not capable enough to compare with China ,though we should aim to be like China someday
Mumbai is already a bigger economy than Pakistan.
@@shiva9484 really? how? mumbai's gdp is almost $190 billion in nominal terms
As a Bangladeshi I salute Indian government for unconditional support and help in 1971, if we were with Pakistan then our country would have been Afghanistan. May Allah help and bless our country.
💐👍!
Hope Bangladesh economy becomes stronger and stronger. ❤️ from India
Unconditional? I understand who you are.
@@aslamazad9066 nothing is unconditional brother....especially between countries
Shame on you. You call yourself Muslim?
Sir we are lucky and proud to our late PM Respected P V Narsingh Rao ji who served Nation and for him nation was first . We got two consecutive PM Narsingh Rao ji and his legacy was continued by Respected Atal Bihari Vajpayee Ji. Still It reminds me 90s .everyday I wrote a story of corruption . But now we understand how they have changed Indian economy.
@@vednandyal He was an India first and then anything else.
PVN Rao was undoubtedly the best PM India had!
@@vednandyal
Well said brother.
From south AP.
LoL
also bcoz that time finance was under Manmohan singh ji
@@positivekumar3546 he said he was telugu bcuz the comment said "narasingh" not narasimha. "narasingh" is not a telugu name.
Pakistan has a GDP of 300 billion dollars while Maharashtra alone has a GDP of 400 billion. No comparison
Little Taiwan with 1/10th the population of Pakistan has 2.5 times the GDP of Pakistan!
Well it's 420 billion but uts reduced due to covid .
Hope it recovers .
Pakistan has a gdp growth of $283 billion not 300
@@adityakok Idiot!!Maharashtra's population is much lower than that of pakistan's still has a lot better economy than pork so it's not about population
Mandar Karnik ....We Pakistani are well aware about our GDP which is more good than your ...if your GDP is more than Pakistan so your population also more than Pakistan and your Country has been shown that indian population is the worst Poor Population in asia.Pakistan is a happy and more prosperous Country than india.welldone imran khan.....indian having two Power one Mouth Power where you people always crying ,Shouting and famous for propaganda news.
This is the strange tale of two neighbors : While a slavish Pakistan is struggling to repay a mere $4 B in loan, mighty India has produced more than 30 Unicorns just in 2021 and sits on a mountain of $640 B of foreign exchange. One invested in hate and terror, and the other invested in economic growth
Why happiness and hunger index lower than Pak?
@@shsaeed6818 ok...be happy with your imagination....a person living in fool's paradise is always happy...compare it with some one living in reality...and trying to achieve something may find remorse...
@@greenstar948 1971....you have been already halved 😂
@@greenstar948 1/3 rd kashmir not half...but your whole country is halved...still man believe whatever you want..it's your life...
@@greenstar948 Thank you for Kashmir, soon India will have full Kashmir. Then Pakistan :)
I mean why should pakistan have a properly functioning economy when they can just beg?
why have an army and fight when you can surrender?
Or Why not they work with their neighbours and have good trade? You have an attitude problem.
@@cuckoonut1208 he is being a moron. But yeah, with trade South Asia can prosper so much. So much human capital being misused everywhere. Hope trade can be better and we see more responsible government which functions properly and responsibly because god knows that people over there don’t.
fight who? themselves? they mismanaged their economy, nobody destroyed it on purpose
@@cuckoonut1208 I'm absolutely heartbroken after knowing your opinion, sir.
Aman ki asha folks in comment section, No one can progress with Radicalization in the veins, South Asia baad me progress kar lena phele India ko hone do. BETA MALES.
We shld not compare ourselves to Pakistan anymore , it's insulting for us .
We have to compare ourselves to Chinese instead.
That's where real game is ..,
No it should be russia ...sadly china is way beyond in the race(even US considers it a real threat)
We can't compare to china and never going to become china ,the way china progressed india can't do that with its socialist mindset u can just look at bullet train project how it is still not able to get land for construction
Correct
Comparison to China would also be insulting to us :)
@@dodpfosa576 hmm why ?
We need to increase the gdp gap more so that we don't need to bother about them and can focus on China situation.
💯 couldn't agree more. Except defense and terrorism, we shouldn't even bother to look at pakistan, we should look at China for economy and European countries for their free health care system . We shouldn't bother to talk that much about pakistan, let alone call them our enemy.
@@jayati6693 yes 100%
Correct
Exactly the best way to beat our enemies is to prosper and leave them to their hate and poverty - they chose religious hate over prosperity
@THE HINDU oh godse was also a hashira..😶😆
1991 was not the last IMF bail out for India.
It was the first and the last bail out.
India never went to IMF again for a bail out.
What about 1966 when IMF came and forced India to stop planning and to have a devaluation in exchange for wheat for Bihar famine??
You forgot that!!!!!
@@dipakbose2677 thanx for providing info mate
Love for India
From Pakistan occupied Sindhudesh
But there is no terrorism in UP or Bihar. For those who say poverty leads to extremism.
The people in UP BIHAR are extremely sweet. Hurting others isn't really their thought process.
Well what poverty needs is an agressive attacking mindset like a spark.... it's same like fuel and oxygen need spark for combustion...look at the red corridor naxalism...they are the best example when you combine extremism, poverty and government ingorance in devloment
Lol..the thing called radicalism needs to be there ...radicalism comes from far side of ideology..look at Chattisgarh, jharkhand and naxali then talk
@@shubhamsagarsingh9451 THANK U FOR NOT SEEING AS SOME KIND OF MONSTERS .
WE FIGHT AND DIE FOR OUR COUNTRY NOT AGAINST OUR OWN BROTHERS. People of UP and Bihar has suffered the most casualties in every war that India fought yet we are just considered Drunk , Rowdy and stupid by people of other state. never given due credits
Pakistan : country that exists to make india feel good about itself.
No matter how bad we are doing here is India we can always look to our west and find some solace in the fact that Pakistan is doing worse
True but we need to stop comparing ourselves in development, human rights, minority rights, economic growth etc. With Pakistan or we would never grow
This is the greatest RUclips comment I've ever seen. Perfect 🤣💯
classic
Cool ..if you want to feel bad .. undersatnd that the losses the Chinese economy is gonna face is about as much as indias entire gdp.. and that is just a major crisis for em not even critical
@@oy1561 chill bro it's just a joke , why are u guys going crazy
We need to stop comparisons with Pak.....it's actually insulting to our national strength to compare to Pak....better to compare to China, and aspire to reach their level
But not their birth rate. And Pakistani women are having 5-6 kids...ours only have 2, maybe 3 now.
true....Internal happiness talking about pakistan..we should compete with China..not pakistan
@Ismail Khan Pakistan will never develop because they believe in the lie of 2 nation theory.
Aa gaye meri maut ka tamasha dekhne
Hahaha
We know the worth of India.
Even still poverty is more in india.
You have no comparison to China; Be realistic , don’t show fake hyper nationalism
Im a Pakistani but I dont know why I like Shekhar Gupta's analysis so much, maybe because its so unbiased and impartial. Also the rigor with which Shekhar Gupta presents all the different perspectives, really makes up for a good case study in International Relations Or Political Science. Keep up the good job !
Important thing is, everybody needs to reduce dependence on imports. Even now, Pakistan needs to shelve some of the policies of its past, as it is in the web of the spider. Any help to exit, even if that from India, should be welcome. We have our issues too. I do not want to brag about my country. I just don't want to see a neighbor sharing our culture being gobbled by the spider. We share same music, same clothing, same food, same games, and same looks. If half of it is gone, or restricted, who stands to lose? Even we. So let us step out of that zone of hatred, and work collectively for surviving.
@@vandanaraoyalamanchi9813 Did you actually bother to give them genuine advice? 🤦🏽♂️🙄
@@warnpassion A few agree, a few don't. But that is the case with my fellow countrymen as well.
@@vandanaraoyalamanchi9813 There can never be peace between India and Pakistan. Pakistanis, especially the army and the ISI still cannot digest the fact that we cut their country into two pieces in 1971 and the humiliation which came afterwards. As a revenge for this, they won’t settle down for anything less than a disintegrated India.
@@warnpassion People accept hard facts if we do not periodically add fuel to the fire. We have forgiven a lot too. Jhansi ki rani, Jallian wala Bag, Bhagat Singh, Lala Lajpat Rai, and many many more. Our folks now go to Britain and earn there as employees. A kinda of subtle slavery still, if you can view it like that. The reason is... we don't have people adding fuel to the fire.
“It’s not like we are obsessed with our adversaries.” The irony in his statement.
This is why they wanted partition, eternal hatred in subcontinent, sabotaging india, and to be a global beggar.
Humiliation of a part of Indian civilization.
Duniya mein do hi cheezon ki keemat hai ... ek zameeno ki, doosri kameeno ki
@@dukhi_aatma372 Zameen ki hai kameeno ki nhi.
@@maddyc503 Bhagwan ka diya hua sab kuch hai ... daulat hai, shauhrat hai, izzat hai
@@dukhi_aatma372 haha great! Cheers.
@@maddyc503 Tu apne crore pe, main apne road pe ... maaze karenge
08:04 but I thought charging interest is "haram" in Islam.
Yes, but it's business they bend law as per their convenience
The new Saudi loan with such harsh terms demonstrates Pakistan's deep-rooted internal weakness and exorbitant (Aukat k Bahar) foreign policy. Wonder if Pak can still afford its love affair with Turkey. No deep pockets here 🤷♂️.
Turkish population is also reeling under inflationary pressures and demanding change of government
Turkey is in need of Saudi money as much as Pakistan.
We should be focusing more on ourselves though. On improving the quality of lives ppl live and closing the gap with China.
Closing gap with China over authoritarianism or industrialisation?
India is. He has right to talk about things outside of India. China economy is slowing and other issues are also mounting while looks to have strong growth over next few years and gap in growth will increase in India favour.
Wht r y saying china is our rival rival cannot be friend china is strategic threat becoz china is economically strong we need to compete with chin economic ally
I agree. Now is not the time to think about pakistan too much. We have our own serious problems and while we are in better shape than pakistan we have lot of work to do. Now is not the time to stop and gloat over the misfortune of pakistan. We should be like Japan and South Korea that silently became rich without the world even noticing..They just worked hard on their economy, technology and self-sufficiency without showing off or thumbnosing others. South Korea's growth story is amazing they become a developed nation even more faster than china. We need to emulate them. Have a silent revolution with dignity and humility.
Such a rise survives for longer period. If we sit here and enjoy pakistann downfall when we ourselves are barely out of the wood we will come down crashing.
Karma is bad so always need to be balanced and dignified and not relish such things too much.
Nah... Let's just have orgasm comparing 1.4 billion populated country with Pakistan, Afghanistan, Bermuda, Zimbabwe. This is fun.
Pakistan is running on insallah since 1947
Left, Right and Center it is "Inshah-Allah"... Doomsday is Pakistan's prayers.... Amen
Well inshallah is just like Hindus say " Jai Shree ram" a religious slogan
I thought intrest was Haraam in Islam 🤣🤣
We need to start focusing more on China than Pakistan amongst our neighbors. For decades we have been obsessed with our western neighbors probably because after independence Pakistan was always ahead of us in most aspects. We have caught and surpassed Pakistan in the last few decades. Its high time we focus our time and policies towards the east.
Wtf
Just for record fuel is cheaper in Pakistan as compare to India.
@@criticalthinker2204 that doesn't change nations situation... one maharashtra state has more GDP than whole Pakistan... so you can imagine where India stands and where Pakistan. Lolz.
@@criticalthinker2204 Pakistan gdp per capita is lesser than India.
It's time we focus on our Eastern neighbour. They seem to be making great progress.
Russia friends with India's adversary China
India friends with Russia's adversary US
Is this a tit-for-tat understanding between friends?
It's called Maturity. Russia and India understand each other better and know about the requirements of their nations.
@@positivekumar3546 Spot on. But dont forget one day you are the statue and one day you are the bird. Dont gloat too much in Pakistans misery. Modi isnt too far from taking India in the same direction with racist agenda.
A tea seller will always have the mindset of a tea seller.
Do you think US or Russia are going to put boots on the ground if China and India were to go to war. They certainly won't do so. There are no friends in this game and India needs to focus on its own development if it needs to compete on a world stage.
@@sali2998 Don't get fooled by leftists media about Modi. The fact is his Foriegn ministry doing the maximum work. India-China fights on their border but their trade is 100billon$ per year. And about Pakistan thy just fukkd themselves by becoming the spokesperson of Afghanistan. Thy know nothing about Geopolitics and foriegn policy. And about India there are two bad parties one is Congress other is BJP it's matter of choice who is more bad and history of Congress is pretty much bad.
I think the reason we all look at Pakistan regularly despite its shrinking size (compared to us) is because of its ‘nuisance value’. This episode looking at their economic situation is very helpful. It would help to have a sequel to this one to understand why it’s economy is in a tailspin and if there can be any hope for this country. From what I know, the country spends a ridiculously disproportionate amount of its income on funding its defence budget (Army etc). This approach can only mean a weaker and weaker country as time passes by. Reminds one of Ranveer Singh’s lines in the movie Suryavanshi (delivered crudely but accurately that a country with terrorists can’t attract tourists, entertainment etc and finally the people of the country might get fed up and rise against the Army and the terrorist organizations)
You forgot that a significant amount of their budget and revenue is allocated to debt servicing, not just debt but a good chunk of it is circular debt.
Dude our country is veryyyyyy different than how it looks from the lens of Indian media. I highly appreciate your concern though..
@@AliImran-kd8mx Screw the lens or tint in which Pakistan is portrayed. The economic data and the terms & conditions of bilateral and IMF loans don't lie do they?
@@fretted4life Pakistan's economy has largely been informal so most people honestly don't get affected by these figures. If I will talk to my friends right now about economy I will have to tell them that we have massive inflation right now. Nd I am lower middle class by all means.
Iran is under sanctions and Afghanistan has no government. Our western border is hot bed for smuggling from Central Asia and Iran.
Smuggled oil from Iran is available everywhere at damn cheap rates.
Yeah our government is struggling because it is trying to shift from an import based economy to an export based economy and is trying to bring more people into tax net. These reforms will take time and they will be hurtful. Also the collapse in Afghanistan have gave a way to smuggling of Dollars which is badly hurting Pakistani Rupee.
Govt institutions need to be more efficient and we will be good to go.
Good Night.
@@fretted4life oh and fruits which we imported from Afghanistan like pomegranate are too damn cheap.
Nd dry fruits too...
We can afford alotttt more fruits and dry fruits this year compared to last year.
Looks like the objective of having strategic depth by having ragtag militias running Afghanistan is working wonders for them..inshallah the boys played well!
Bhagwan ka diya hua sab kuch hai ... daulat hai, shauhrat hai, izzat hai
@@dukhi_aatma372 n
The moral of the story: Curb government spending!
Hum sab system ka hissa hai ... system decide karta hai, apun follow karta hai
Ur comment doesn't make any sense. What do u mean "curb govt spending" ?
@@prakyathprakash5180 Reduce the fiscal deficit, lower govt debt.
@@harshitjain575 Govt spending can mean either things -
1. Capital expenditures are always an ASSET.
2. But Revenue expenditures like subsidies, freebies ( eg: providing free electricity which Kejriwal is an expert in), ALWAYS results in Fiscal Deficit.
So now u say which govt spending u want to reduce ?
Though UP and MP has a gdp comparable to Pakistan . But Pakistan has a much bigger area and natural resources with much sparse density.
please don't forget coast line which both UP and MP lacks
I've been hearing that Pakistan is bankrupt and it will not survive since last 7 years. Still it is able to fund whatever it wants to fund. So Pakistan will continue doing what it does best without much hiccups.
Pakistan knows nothing but it knows one thing "The art of begging".
@@lalitjain725 thanks Mr economic
The burden is shared among the people. Even Zimbabwe survived after printing money. So it is not like a country won't surivive, but their gdp growth will be stagnant
It’s been getting funds from the US - now after Afghanistan US stopped sending money
When you label UP and MP poor, you can't ignore geography. We are not coastal states, many companies prefer to locate themselves in coastal states for easier logistics. This should not be ignored.
Himachal & Utthrakand have done better than U.P, Bihar & M.P., both these are hilly states, Uthrakhand was carved out of U.P, still it's doing better than U.P. (Please refer to SG's Multi-Dimensional Poverty video. The fault lies somewhere else, SG has clearly hinted at it, please watch it.)
There are many landlocked states in US also. I think we should ask our govts more since they are busy calling out jinnah and pakistan in UP elections rather than promising a 7% or more GSDP...
Punjab, Haryana and Uttaranchal are also landlocked, but they are far better. By this logic landlocked countries like Switzerland would never be prosperous.
@@highplatform1649 Tourism that the same logic with Uttraranchal. And regarding Punjab and Haryana ... nation has invested a lot of money there in green revolution.
@@ghanshyamjoshi587 UP has several Places of tourism. Historical and religious cities Iike Agra, Lucknow, Prayagraj, Varanasi, Mathura, etc.
Also West UP did get fruits of green Revolution, then why can't rest of UP?
What did the socialist economy give to Nepal?
Socialism of B.P?
Mahendra King's socialism?
Socialism of Congress, Communists, Madhes?
Socialist to rule! And blaming to Capitalism!!
Shekharji, China and Bangladesh are our biggest neighbours, as per GDP!!
Pakistan is bigger than Bangladesh. As per size or Global Fire Power Index including their nuclear power, both China and Pakistan are the biggest neighbours. Bangladesh is growing economically, but Bangladesh is not exactly Pakistan.
@@illzn06 omg thank you so much. I just read my comment and literally fainted on my typo, not at all nice to see. What the heck did I write tho???!!! 😅😅
Anyways thank you for saving me. Editing right away. 😁😁
SG has special love for Pakistan...
@@shreeray6410 Bangladesh don’t need any waste on nuclear or uncountable numbers of weapons. In modern civil world money matters more than military power. See once Germany/Japan had one of the best military in this world. But now they have just a symbolic military might but their economy is thriving and people are living peacefully there. Another thing for Bangladesh is we don’t have any threat from our neighbors even Bangladesh don’t have any interest to fight against Myanmar. You know what military power or war just bring destruction, nothing else.
.
How can a country that manages 80% of the world's opium be bankrupt?
👍🏼
Comparison of Pakistan's economy with states in India is interesting 👍
The traditional route for dollar inflows by projecting instability, and providing access to Afghanistan doesn't seem to be finding a very receptive audience nowadays.
True
India should culturally be very careful with loans. Udhaar nahin is taught from our childhood. Take what is only necessary, focus on needs more than wants. Hope we stick to our essentials and that way we can always be less leveraged and manage our finance better.
Pls..
Kbhi business kra hai , dusro ke paiso pe hi chlta hai
America ka debt dekha hai
Agar tum ache se plan kro kaise kha kbb use krna hai , loan is very beneficial .
Iss mentality se bahr aao
@@varunmittal2905 haan bhai aur udhaar lena nirav modi, vijay malya jaise log jaisa aur logo ka paisa dubao, aur loan dena pnb bank jaisa in kamino ko taaki logo ka paisa aur doobe. Balance zaroori hain zindagi mein. Your mentality is only one directional which may become unethical because of greed.
I remember 1991 very well. Looking back, I think we have done well.
Only if the farm bills are passed again we can do liberalization of agriculture
@@helloworld.w6075 Adani's interests are not the same as India's.
@@kxm73 and Vulture unions and Corrupt thug kha lis tani farmers are the enemy of India 😁
@@kxm73 go and cry in failed state cuba , India needs more tata , adani , abani , birlas , Mahindra etc . Socialist s**t should go to cuba , n korea and Venezuela for so called Dictato.. i mean people's rule 😂
@@helloworld.w6075 Shitheads like you should go to Pak. India is not your pop's personal property. We have been living here long before you came here. So just shut up! Enough of crony capitalism. We need true socialism. But you don't even understand what it is.
*Narsimha Rao- The best PM India ever had*
India had to take a bailout and implement IMF policy which was LPG liberalistion privatisation & globalization. It is indeed india middle class which help india become where we qre
No I think it's Modi because in 1991 Liberalization is needed and it forced by IMF for bailout package but it's is Service sector revolution, but After Modi come to power India 🇮🇳 go through with manufacturing revolution which provides more job's. Now India 🇮🇳 is second most favorite destination for manufacturing after China 🇨🇳
Whenever SG talks about foreign policy and politics I feel like watching him for hours and hours. Alas the video ends in 20 min. But I have only one problem with the editor his witty charm fades away when he talks about national politics. Why? Use the same flair. That would be a treat to watch.
I can’t agree with you more on this, I am of the same opinion but what I think is when it comes to international issues he could remain neutral and wears his intellectual and journalist hat 🎩 but he couldn’t stay neutral and impartial when it comes to national issues, his leftist mindset pops out, which is evident in most of his national topics.
He keeps his charm, your mindset influences you to think that he is biased, that's why you feel like he doesn't keep his wittiness.
If you where able to keep yourself impartial you will realize it.
@@rajanaravind2069 leftist? he critisizes modi for being to left leaning
@@TheSatyamsingham I think you are watching SG first time😁
@@TheSatyamsingham yepp🙂
Even though the plain numbers might match, Madhya Pradesh's economy is nothing like Pakistan's. *Industry and agriculture* contribute to *almost 2/3rd of MP's* economy, while services contribute 1/3rd. Pakistan's numbers are flipped, industry and agriculture contribute a bit more than 1/3rd, while services contribute 2/3rd. This is a reflection of Pakistan's remittance based economy, with transfers from worker's abroad making up more than 10% of national income. OTOH, MP earns money via surplus agriculture (wheat, soy, horticulture) exports and the output of its Indore based industrial cluster.
Pakistan's economy is most comparable to that Punjab and Kerala, but those states are better off due to lower population growth and transfers from the Union government.
So Happy to hear that the TamilNadu's economy is larger than that of Pakistan's. News like this just makes me to thank our politicians even though there is corruption good things happened.
Credit goes to the hardworking nature of the Tamil Nadu citizens rather.
It happened mostly, despite politicians and not because of them
i read that in a latest poverty survey ,the poverty in tamil nadu is less than 5 %
that of kerela is less than 1 % . so tamil nadu is one of the most
industrialised states in the country .
Tamil Nadu is like China of India. Almost everything I use " Made in India " is mostly made in Tamil Nadu ( followed by maharastra and Gujrat ) . I'm from UP and I feel proud of what Tamil nadu has acheived. I hope UP could be like Tamil Nadu but sadly Companies don't like to invest in landlocked states so just farming for us. lol
Theory: say no to family planning. Children are blessings of Allah.
Practicals:
All according to Allah's will, I guess
Yes indeed😆
Pakistan has been struggling for the past 60 years. We have had a traitor that bankrupted the nation well we have had several traitors that bankrupted us. I’m not talking about corruption within politicians over buying jets and armor. I’m saying the man literally left us the well of loans and walked away. We are trying to climb out.
İt's like a cruel father who left his family with huge hospital bill.
Henry kissinger said " To be an enemy of America can be dangerous, but to be a friend is fatal"
Current situation of Pakistan is the effect of American friendship.
Current situation is because Pakistan become friend and enemy at the same time
So why don't Pakistan start selling some of it's land? Even we may be interested in buying out pok or some other territories.......
Good idea but that can't happen in internet age.
Those things were possible before internet/information age.
Why pok? Pok is already ours , we don't need to buy it , only need to take it.
Though I agree , we can buy some land of sindh which borders our country and Kartarpur for our Sikh brothers
It'll collapse even further. Wait until the country destabilizes then zoom in like what China/US is doing.
This land sale is already happening unofficially. I am almost sure China will take action on Gwadar/Baloch area similar to how Russia occupied Crimea
"Pakistan is Fail State ,We are Looking At Dragon "--- Tavleen Singh.
Sir, I think there is a misunderstanding about Bangladesh's GDP. The current nominal GDP of Bangladesh as of today (1st December) is $409 Billion. $320 billion was the GDP of Bangladesh last year (2020). Just wanted to point that out.
@@priyadarshi8548 BD updated the base year from 2005-2006 to 2015-2016. That's why the GDP changed from $350 billion to 400 billion. Even India updated its base year recently, that's why last year India had only -7% GDP growth, instead of the -10%(roughly speaking) that all international institutes predicted.
@@priyadarshi8548 my apologies, I just assumed that part. But as far as I know, India did change it's base year recently, could be before the covid pendemic then.
@@priyadarshi8548 I don't know, but I think the base year was much older than that, that's why the government might have changed it to 2011-2012. Just a wild guess.
What a brilliant reporting !love from Uk
Uttar Pradesh and Madhya Pradesh are not fair comparisons as both states are land locked whereas Pakistan is not and that generally makes a significant difference.
"Board of Political Control in Pakistan". 😂 Drawing a simile between Pak Army and the BCCI! Must feel like the ultimate 'burn' for any and all Pakistanis. Must be downright sacrilegious! Kudos, Guptaji, for using cricketing analogies to cut the clutter! Kudos, indeed. 👏👏👏
Now Pakistan is synonymous with humiliation.
Terrorism as well
Thanks
Thanks Ajay!
They have enough money to spend on war ships , aircrafts and other weapons but has no money to run their country...wtf 🙄
Shekhar Ji says Pakistan’s foreign exchange is bankrupt…..ShekharJi $28 billion may not be huge but still it is modest for Pakistan
Charging interest on lending is haram, how can Saudis charge interest for loan to a Islamic republic of Pakistan?
Peaceful religion and peace anywhere in its proximity itself is haram😂
When someone has to compare a nations economy with the state of tamil nadu, the shit is real.
Tamil Nadu is one of the best states in India though. Top 3 in GDP and top 3 in HDI
Bangladesh is more tha 400 billion now not 323
Thank you sir for shedding light for some lesser known facets of Pakistani economy. I have a innocent question- inspite of all their financial woes, how is that they are able to keep up their high defence spending and how is the army brass relatively immune to such situations!!
The Army takes a huge chunk of the budget leaving little for anything else
The army people get cushy salaries and lifestyle and if anyone complains all they have to do is to point the finger at boogey man India - "We must be strong to face India" is their line
These people driven by religious hate will rather embrace this hate than see thru their trickery
Shekarji, We need an independent CTC analysis on Andhra pradesh financial situation
Thanks for the suggestion, Dheeraj.
This is what happens when jahiliat and jamuriat comes together.
Thanks!
Thanks for the SuperThanks, Ankur.
Some people in here are comparing India with this situation.
NDA Govt actually spends much less in defence and much more in infrastructure .Debates and arguments about express ways and tunnels and reforms are more prominent in India .
Donot compare India with Pakistan.Pakistan is nothing for us .Consider them as any other neighbour.
Nor our aim should be China.
Our aim must be top life style for all Indians .
Invest only for that .
Very well said Brother...
Yes our target should be big
If you don’t aim to get ahead of your competitor [read national security threat] you will always remain in bliss. That’s what happened to America in the case of China.
I wonder how Saudi Arabia justifies charging interest when it is supposed to be against Islamic principles.
They just officially use the word 'Profit' instead of 'interest'
no no shehkar sb Pakistan went into full lock down but it was lifted in May 2020. After that we had localized lockdown in different cities.
Pakistan has sold out its sovereignty to IMF and Soudiareibia , that also very cheap.
We have to learn the lessons from the Pakistani and Turkish governments mistakes. Hope Modi is seeing this and understanding. We need more economic reforms. We must avoid experiments like de monetisation. Bimaru states must improve, otherwise it may affect badly on our economy.
Yes demonetisation was a dangerous political stunt it killed our economy
Very good ep. Dont get to see this kind of analysis in other media
Watch Wion, they tell the facts better and Gupta then take notes and builds his story around and we like children loves to hear story from grandma... in this case grandpa....
@@akshytube Just bitch out china
And you get views
No sincere analysis
We have trapped in Debt trap by another East india company 😭
Who is east india company in this case?
1. Cut your army in half (expense reduction).
2. Privatize Fauj Corp. (It will raise billions).
3. Land reforms: shift land from zamindaar to poor pakistanis (wealth generation).
4. Give India all Jammu & Kashmir princely state apart from Poonch and Mirpur divisions (big expense cut).
5. Seek debt relief package from India for J&K settlement (another revenue source).
Most of your problems are solvable.
As usual it is the evil outsiders fault and you are just poor innocent victims.... Carry on friend
@@aditya-ul1ro also sell Kartarpur to India and some parts of sindh with hindu majority which borders our country
@@aditya-ul1ro Brother Pakistan ke main problem hai tax collection nahi kar raha sahi se matlab elite class ke buhat se log tax nahi dete.Secondly Military budget ko decrease karna aur wo budget education aur human development per use karna.Proper data collection kar ke jaha per unnecessary paisa use ho raha aus ko cut karna.Good foreign policy.Economic reforms.2 child policy(population controll)
Why doesn't Imran Khan just marry Melinda Gates? It'll solve all of Pakistan's problems.
🤣
9:55 wait, Isn't that Haaaraaaam? Saudi giving loans with interest rate xD
I don't feel happy about Pakistan going the way they are going, but I don't feel sad either. They're a cautionary tale of what happens when religious radicalism takes over the country, like a fever and that radicalism leads to terrorism, you end up with thugs and terrorists as your leaders. You cannot pursue revenge without digging a grave for yourself first.
But they still haven't woken up and smelled the coffee.
Pointing fingers at others when there are three looking back at oneself. Aren't we needlessly harassing some of our own corporates and businessmen and individuals because they don't agree with our ideology !!
@@rext8949 Actually, the ease of doing business has dramatically increased. There's a reason the stock market always goes up when NDA wins.
@@black_rx4549 He is talking abt the recent vandalism caused during the farm protests.
If these GDP figures mentioned here are correct then we can safely predict an economic collapse in Pakistan unless drastic action is taken to reverse this trend. The economic outlook for the people of pakistan is extremely gloomy and unrest is easily predicted for 2022
20-30year back Pakistan had massive support and good relation with Europe, American ,chinese ,arab they could have used opportunity and transform there economy but they chose a wrong path.
They really need someone like technocrat like dr Manmohan singh and courageous prime minister like PV narshima rao
"Pakistani government does not have any Money" is better wording than "Pakistan does not have any Money". In 2015, Greece Government defaulted on its debt from IMF. When the Government defaults, it does not mean people become poorer or people defaulted.
ALLAH DECIDES WHAT TO GIVE WHERE TO GIVE WHEN TO GIVE
I wonder what's wrong with states like UP. Why is their GDP so less? Seriously, there's something wrong in its governance over the past 74 years.
UP needs to be divided into 3 states
UP is fastest growing state economy. I accept the fact that UP not do well in past but now it's changing so fast.
Compare and South city with Noida Infrastructure you will get answer.
UP have no coastal line this is disadvantage for UP.
@@DP_Singh. use river transport
@@uzochiokeke4328 not now....
Maybe in 2030 -35 when they will achieve more than 1.5 trillion ... otherwise they will start fighting which part will get what
@@uzochiokeke4328 please check the stats.....
Today up is below average because we didn't had a good past...But currently up is one of the fastest growing state in India
Here's my question : what collateral did Saudi government keep if Pakistan is unable to repay?
I mean, if Pakistan defaults, that means they don't have money to pay. So how will Saudi retrieve the loan within 72 hrs?
Well it goes like this, if they fail to repay, there will be a court case in Saudi courts and any Public departments under Government control may be given to the Saudis.
@@gauravvarma2917 they'll sell the autonomy of government departments to another country?? That sounds extreme.
I think in the comment section everyone is happy for pakistan that they are in this worse situation but remember that an economically collapsed pakistan is more dangerous than an economically prosperous pakistan...
I'm thinking the same. If the Khan govt collapses and the Taliban take over, the Indian secret service will be monitoring their internal comms for a sign, ANY sign, that the Taliban have acquired the launch codes. If this intel proves reliable, we'll have no choice but to launch a conventional attack to destroy those missiles in their bunkers before they can be launched at us. Which of course will mean war, but they'll have left us no choice.
To some extent true but Pakistan pays pension for terrorist killed in India, spends money to create and move terrorist. It is lots of money and no body jumps to it freely. So economically poor Pakistan will have less ability on terrorist movement. Also if you are worried about nuclear- that may not happen as they have very robust nuclear safeguards. Do not easily assume America, China, Russia and Pakistan will allow nuclear combat- the mushroom cloud from such will make whole world unlivable. I do not want poor and broken Pakistan but it will not be any better or worse than what they are now.
I was thinking the same. They are now on ventilator what if they die
The fact that Pakistan is on the verge of failing even economically is worrisome, because Pakistan doesn't have the same restraint as China to engage in all-out hostilities.
Countries on the brink of failure are the most dangerous neighbors, that much I have learned from my German history.
Sekhar sir, why are you so negligent on Andhra Pradesh. Please make a video on Andhra Pradesh Debt crisis.
To understand our neighbors what do we actually do to fetch the information? Are there informants? Spies? Can you do an episode on how information is exchanged? Thanks SG!
This is all public info.
Gdp does not define the wealth. It defines activity in the country or state. To say one is richer and other is poorer based on gdp is wrong.
They don't have a good metric for wealth. The nearest, Purchasing Power, ie the average time it takes the average worker to buy a Big Mac, doesn't factor how uneven the wealth is, or variety of goods - in India it is almost impossible (afaik) to get a real Big Mac - because Hinduism forbids eating Beef. It doesn't tell you that 300 million middle class Indians can easily afford one if it were available, but the working classes would find the cost prohibitive. Salaries here in London are vastly superior to Indian salaries, but most Londoners can't afford to own a home in London. Home ownership is wider in India, a "poor" nation.
@@jaybeebee9288 Thats true. However, gdp is like working capital that is available and does not account the dormant money thats locked in an account. If that is taken into consideration then I am sure that UP is richer than pakistan.
Sounds like Pakistan is getting their asses kicked royally 😄. Sekharji ur metaphor of umpires and election control board is hilarious 😂. Reminding of Imran khan talking about begging bowl takes the icing on the cake. Keep those metaphors coming. No need to watch any comedy 🎭 programs our neighbors provide the comic relief 😅. Really our neighbors need to take a leaf out of Bangladesh book.
The fact that people in the comment section are comparing themselves to Pakistan is a big failure of our aspirations and future goals... Please compare yourself to US, Germany, China not to Pakistan and Bangladesh. Having said that I am really feeling bad for the good people in Pakistan.. at the end of the day they were us ... Atleast now they should concentrate on other issues other than Kashmir... Grow and let us grow... It will be a win win situation for both the countries and the people...
Typical symptoms of godi media... Good job gupta
Har Har Mahadev....
Thanks Modi, BJP, Army, RAW, amd RSS 🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳
Dear SG, Calling you SG as i see u are lovingly called, once i accidently clicked on one of the episodes of ctc since then there is no stopping back,i love your work and style ,how you make even boring topics interesting , so thank you.
I would love one episode of CTC on new GDP data that has come , i would be pleased if you could do it.
Hi Haro. So happy to read that you’re a regular viewer of #CutTheClutter
🤣it's ironic that 8 is a lucky number in China. Your previous episode-888- about China couldn't be more iconic
As Pakistani our media is not making us aware. What a joke they are doing with Pakistani. You are a eye opener.
they are brainwashing you
"Big brother and elder brother" concept is funny but true. 😂
How are they going to repay, is an interesting question.
What profit the lenders are seeing in the investment?
They are not looking for money. They want to control Pak for their political games.
Among practitioners of Islam, there is a concept of Zakat.... And this is what the Saudi's and Emirati's are practicing while lending money to Pakistan
I really appreciate your efforts to providing proper information. I am BJP / Modi supporter ( not bhakt 😄). Every single episode I had watched is absolutely having pin point , appropriate and sensible information.
This is what journalism is, and this is what journalist should do... not to be bhakt of modi or chamcha of gandhis.
Lot of respect sir ..
Me too a bjp supporter but follow The print for criticism of the government😆😆
@@brijesh5907 Same.
@@brijesh5907 But I Don't Like When They Spread Fake News And Yes The Print Is Biased Otherwise I Like The Print When They Don't Spread Fake News And Are Not Biased.
I think india should help Pakistan now and bring Peace to this region
Unfortunately, all these problems in Pakistan are not so great for India... it would just encourage their power-brokers to focus on distracting their people by pointing at external `dangers', and will further incentivize them to stir up problems in Kashmir, Afghanistan and the like. We would be much better off with an economically stable and healthy Pakistan with whom we have cooperation and FRIENDLY competition. Unfortunately that is unlikely to happen in my lifetime.