Is India a colony of China? The answer is rude, looking at trade data
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- เผยแพร่เมื่อ 29 ก.ย. 2024
- #Tradewar #CutTheClutter #IndiaChinatrade
Amid the release of India-China trade numbers from 2014-15 to 2019-20, Shekhar Gupta tells you why India's trade relationship with China is disadvantageous and colonial to India's detriment, qualitatively & quantitatively. He also makes telling comparisons with the US and Saudi Arabia, in Episode 716 of #CutTheClutter
Correction: The Drain theory was erroneously attributed to Bipin Chandra. It is a theory put forward by Dadabhai Naoroji. Error regretted.
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Additional research by Tenzin Zompa, Remya Nair and Kairvy Grewal
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Gain conviction about the ends, and then you can clearly concentrate on the means. Or else, you become pawns in others' Great Games. Our dilemma as yet is who to be colonised by.
sir please use better microphone, you audio is distorted.
CHINA WILL ATTCK INDIA IN 6 years , INDIA SHLD PREPARE ITSELF! They want to measure the response of INDIAN ARMY , there deployment in recent conflict , WHICH THEY HAVE!
INDIA NOW START SEMICONDUCTOR CHIP INCENTIVES WHICH SHLD HAVE BEEN STARTED A DECADE AGO , SO NO LONG TERM POLICY! Neither LONG TERM POLICIES MADE NOR FOCUSSED, IN CHINA GOVERNMENT MAKE LOMG TERM POLICIES LIKE IN AI ROBOTICS , HUMAN CLONE , ARTIFICAL WEATHER etc
@@MrLee-gj2jz Seventh in terms of area and second in population , 45 th in any virtuous list is rank dismal. That for a nation with the most impressive knowledge traditions and civilisation prior to colonisation, spells bad leadership in the last seven decades. The world order has always been Devil take all but the foremost, and now that order is being even more augmented. Chalta hai mediocracy is taking us down the precipice, make no mistake. None will accommodate us for colonial damage or the system of government in failed national ambition and strategic vision. And consider how economic sovereignity is being parceled our in the name of reform : All crucial financial sectors from micro financing to insurance are being given over to foreign investment, ie ownership and control. Have you noticed how a foreign asset management company is none too subtly armtwisting the Indian state diplomatically, after blowing out thousands of crores of Indian investors' money?
When I was in India everything I bought made in China was cheap crap stuff (though sometimes sold at high price). But when I was in china all the things I bought (also made in china ) was good quality n not necessarily all more expensive. Later I found out that those crap stuff were special orders ptoduced specially for Indian dealers n some other 3rd world markets. While inside China their own people actually consume much better stuff 😓 Now I stopped calling China made stuff "crap", instead I call our state leaders losers, who could not work out a way to develop our own manufacturing power 😥
okay, u seems to have understood the game, bravo...we import cheap stuff to maximize our profits and yes sometime the cheap stuff is order made.
REPEAT AFTER ME! Indian bureaucracy is the biggest hurdle in India's development!
Why should i repeat after you.
It's a known fact. 😆
Nope,
Land and labour r the reason
No indian democracy is
They hate "too much democracy" no wonder !!
Comment Kar deta hi fhir upsc ki tayari bhi to Karni hai 😁😁
Very well explained. Calling a spade a spade !
When Modiji tries to rein in a bit by promoting aatma nirbhar bharat , liberals term it jumlabaazi !
When BJP govt tries to bring in difficult but necessary reforms, liberals cry foul and protest . I am sure my liberal, highly intellectual friends will come and show their supposed intellectuality on this comment too but will never accept what is truth as then they would be agreeing with BJP govt. and that is against their ego, even if against national interest.
Modi government came to power in 2014 and since then the economy of India has went down and you still believe BJP is not the culprit. Demonetisation has choked Indian economy and BJP still keep on blaming nehru for all the ruckus happening.Last year the person with biggest wealth surge in the whole world was Adani while Indian economy plummeted!.Been in power for 7 years and still unable close the gap of trade with china .Now trying to pull the legs of liberals!!
Actually sir , reality is subtly different . While Atmanirbhar scheme and PLI is benign and much what SG says as well, there's a slight catch to it . India's dependent on China for APIs , Chemicals , Network Goods etc. even as India's tariffs on Chinese goods are higher than China's on Indian goods (since 2014 as far as I know)
FTAs as per Economic Survey released in 2020 : they've been largely beneficial to India . And here we have Modiji exiting RCEP which is a big trade deal inspite of a 20 Year window to adjust our trade barriers.
Take APIs, you have highly poor regulation and rather over-regulation , you have thorough price controls on medicines (in ECA 1955) thinning out upstream API Market .
Network Goods is not just a matter of lower cost of production but even poor R&D budget (Public and Pvt) ==> low innovation ==> low value addition ==> more call centres , lesser R&D offices of MNCs here . All thanks to a poor learning ecosystem that doesn't account for Revolution 4.0 . Our govt finds the 3% students of "Institutes of National Importance" like IITs , NITs , IIMs , IIITs should take 50+% funds and that's ok for govt , piteous
Read , Rajiv and Meeta Lochan's "Make India Great Again : Learning from Our History" (also contributors to the Print) : Indian industry lost out to British because of poor innovation , absence of upscaling and information for market research definitely amongst others....
@@amanjthomas382 As I rightly mentioned. Dear intellectuals will come here too and oppose. Demonetisation was indeed a poorly conceived & naively implemented act. However, it has hardly got anything to do with India's dependence on China that has been growing not since 2014 but way before that. BJP blaming Nehru is a political gimmick, ignore that. The reality is India is ages behind in infrastructure and it will still take India another 30 years , if not more to match the China's development and for this, with all sincerity, I will blame the previous governments.
Any reform effort in India is met with staunch opposition, latest one being Farm laws and privatization drives and yet Modi govt is expected to deliver . May be it needs to learn a few magic tricks.
BJP govt is not perfect and thankfully, like the liberals, I am not blind to praise or oppose Modi govt for anything and everything. As I mentioned, self proclaimed liberals and intellectuals will be ready to oppose this govt. For everything, however impactful and necessary it might be for the nation's progress.
When you don't have any other piece to argue on, you bring in Ambani and Adani. Trust me, Modi or no Modi, those business men have always done well, they know their politics too well to manage the govt of the day, be it congress, bjp, shiv sena or any other
I agree with you on the farm bills issue and Indian economic policy in pre LPG era. A reformation in agriculture sector is necessary. But do you think this government functions in a way that democracy should function. No discussions no debates and giving surprises every now and then .Coming on national television and declaring lockdown with 4 hour notice which led to mass exodus and death of migrant workers .By the way Iam no self proclaimed liberal or intellectual please stop judging people and giving them your honorary titles like ' anti- national' , 'liberandu' etc. Iam a proud Indian first and last.
@@amanjthomas382 Try to understand the destruction of manufacturing in Kolkata and you will know how India is getting destroyed.
You are a joy in the age of biased media.....You are neither left nor right but correct! Good job The print 👍
@@introvertshubham315 If he is left he wouldnt support the farm bills, the labour reforms, the mining reforms and other reforms. 🙂 But he did. He is clearly not left.
I only find gupta g non baised, every other thing comes out from print is leaning left or radical left
Hello guysb..i know this guy internal biography...He used to get begs earlier from congress but now he gets insults ...what he is saying used to happen from from congress time also....so things are getting better
He is left, Apurva. Do not live in the Bhram that he is a centrist. He spread lies about CAA about it being a muslim filtering law. I urge you to check out this video where a supreme court lawyer dissects CAA-NRC and juxtapose with his videos on CAA-NRC. th-cam.com/video/04eLoIyKAhE/w-d-xo.html&ab_channel=Upword
I also love the print!!!! I think of myself as absolutely neutral (Politically,pun not intended) . I wouldn't say it is completely unbiased. He has his biases. But the good thing is that he tries to overcome his bias on most issues and try to present the news as neutral as possible.In this he , and his team , is very successful.But no matter how hard you try, there will be some errors which , I think , is acceptable.
10:50 Around a decade ago I was working for Reliance Infra. They bought supercritical boilers and turbines for coal-fired power plants from Shanghai Electric, based on designs licensed from GE. The only local maker of such equipment was BHEL, and its order book was full for next few years.
In fact, at some plants even chimneys were erected by Chinese contractors employing Chinese workers.
Environmental activists and human rights group come up when something good is going to happen in India .
Some 2 years back, i went shopping for a phone charger near a railway station asked for an indian charger. The shop owner gave the answer of lifetime 'saab India me bas samosa kachori banta hai
Us samosa kachori ko talne ke liye Jo palm oil hein, woh bhi Malaysia se hi aata he.
exactly...the commies and left leaning congress kept india poor intentionally to win election...had a lot of expectations from modi but modi was also doing the same politics of freebies....finally modi woke upppp
@@ClarityEducation woke up? When? Wat has he done? Economy in gutter since 2014, social indicatorz gone south
@@ClarityEducation Modi Woke lmao? Increased fuel prices and what not!
@@aadi2456 doesn't mean nda now isn't shit since 2014
“The greatest victory is that which requires no battle.”
-Sun Tzu
Sun Tzu won over Chanakya?
@@gauravra8063 No , Chanakya is Chanakya , knowledge is knowledge. जात न पुछो साध की.....
Haan isiko dhund raha tha mein comments, ek na ek samjhdar to mil hi jata hai Sun Tzu ko lekar
"We may lose a few battles, but prepare to win the war !" - Myself
True. China is playing Art Of War tactics.
*Rich people plays the money game to win.* *Poor people plays the money to not lose.* *The goal of the truly rich people is to have massive wealth and the poor sees a surplus as an opportunity for consumption instead of investing it.* *change your mindset and do what the rich does,* *which is investing,* *investing and investing.*
I wouldn't blame the poor if they sees surplus as an opportunity for consumption..
But I will blame the middle class if they do that.
@@gabrieldolph508 don't forget, that's the mistake we do. We don't invest when others do. But we want to be rich like them.
investing in financial markets is a risk worth taking for the rich. But for the poor they are not ready to risk that little they had. *That's poor mindset killing them.*
@@mannmarvli6060 😏😏
I am working in a small garment factory. In factory each end everything I touch is made China. We even can not produce a good needle that need to making Banian.Because we not only busy to criticize adani, ambani or Tata but we hate socialy evry small parson who want to produce something and try to sell it. The owner of my factory is my friend also. recently he needs some funds so we went to an public sector bank, he is old customer of that bank. The manager's treatment to him is not so good. It is very difficult to establish and run a small manufacturing unit in India.
Blaming Advanis and Ambani's are fashionable in the state of Kerala ,both the ruling fronts are in completion to catch more votes by doing so
@@venugopalbk4144 development doesn't mean selling your asset to.private .. kuch bi ..
@@alvinantony2696 you talking about that asset that was one of the most advance railway networks while Britishers left and since than not single screw has been altered then i think privatization is the last option left to try
@@pritammajumdar8853 so the govt should work on it .. not privatize it ... the world know how much profit the Indian railway is both in term for employment generation, price and travel ..
Selling it private company mean you just sold a good company and revenue generation option ..
I don't get why people think private is better..
private works for money and not people
@Shashank Sharma what ??
India needs urgent land and labour reforms....
The red tapism has to go away.
Didn't you hear about recent U turn in Labour reforms.
We need to bring down each and every politician of Left first.
Labour law can be amended, but land reform will pour india in to the blood shed. Land holding caste lobbies will never let it happen
@@rk95 bro lol. I don't know what do you understand by land reforms. We just need to remove land ceiling act and remove the requirement of CLU. That would be more than enough.
Digitisation of land records will be the cherry on the cake if done.
@@YS-hl1hy left can be silenced because they r few, but how will you reform the land?
Before Bipin Chandra, Dadabhai Naoroji had written a book on wealth drainage to Britain in "Poverty and Un-British rule in India"
Yes before these blinkered Historians , Dadabhai Naoroji and Romesh chandra Dutt wrote about the economic situation in India
Bipin Chandra cited Dadabhai's drain theory. So yeah. Nd yes. He born before and done analysis before. That is how life works.
@@IndiaTides yes and hence those works should be attributed to Original Scholar ..not the one who cite them
Yeah even I thought of the grand old man and got uneazy when he said Bipin Chandra...😂
Is it time to stop blaming British or not ? Look at Japan and China - India did not even a decimal point of what they went through seventy years ago. Today where are the Indians ?
Because of likes of JNU only, we wasted years in daridra narayan glorification and hating tata birla now adani ambani
@@KshitijBhambri1 This is where the problem lies, can't do anything ourselves and won't appreciate someone else's success either.
nice to see some like minded people, else i thought whole youth is corrupted by communism.
@delirium 45x or margaret thatcher 😂
Communism has single handedly destroyed our education and potential. They made fashionable to hate rich ppl, industrialists and private industries. Every developed country has developed on the back of private industries (including China).
What you are talking about isnt capitalism, its corporate welfare. Its corporate communism.
It's not just India, SG. If you look around the world, this is the case with a lot of countries. That is not to say that India should be excused, but China is the largest exporter in the world, even ahead of exporting powerhouses like USA, Germany, Japan, UK and France.
Australia is a great example of how China can use this economic dependence to coerce any country.
This is why we in India urgently need crucial structural reforms to bolster our economy so that we reduce our dependence on China.
Which is why I like your channel. You guys take a firm stand for economic liberalism. Kudos for that!😎👍🏻
These countries don't have that much population and poverty
India has it!
Relax.Built Ram temple first rest will follow.
Can’t blame China, we have to blame ourselves and our Socialist policy.
What policies do you believe are socialist in nature? China's poor are provided with free food and education. The small-scale industry in India did not develop in any way. India imports even the tiniest, insignificant spare parts. Who is to blame? The government has never developed small-scale
Socialist policies exist everywhere in the world.
India needs to come up with electronics and semi conductor industry otherwise we can keep beating around the bushes that there is a trade deficit.
The "transistor" is an American invention. We need to fuel our research institutes to find a groundbreaking invention like that.
India should not come up with semi conductor industry, India should create suitable environment for semiconductor industries to come up.
not easy to get into semi conductor industry. china is throwing hundreds of billions of dollars at it and hiring the best technicians from taiwan and south korea, but it's still a slow process. it may take them 10-20 years to catch up.
Modi Govt launched a 1 Billion Doller Production Linked Incentive Scheme for Semiconductor manufacturing recently.
@@donderstorm1845 Nohing is easy of a country wants to get ahead. It takes resolve and hard work. No easy pickings out there.
India may not be China's colony but every colony in India has a Chinese restaurant!
Koi sense hai iss baat ka? 🤦🏻♂️
You do realise that most Chinese Restaurants in India are run by Indian people and they sell "Indianized" chinese food that is nothing like the food you get in China?
🤣🤣 liked the humor..
This video feels like a therapy session, highlighting things we already knew about ourselves, but laid bare now. Terrifying.
I wish he was my professor 😂
Victorious warriors win first and then go to war, while defeated warriors go to war first and then seek to win. -Sun Tzu
That's the dumest thing I ever heard in my life
@@zenzo4815 That just speaks more about your intelligence than the quote.
@@techystt then plz explain to me
@@techystt the shit
@@techystt You should be well read, to understand it.
I have some many things to say , but let me just say cut the clutter packs in so much information in an incredibly beautiful way thank you Shekhar ji and ThePrint.. I will be a permanent subscriber to your kind of journalism for ever!
Hi Rahul, thank you for your loyal support.
Trade deficits are not good for any country but it's a bit of an exaggeration to say that we are a colony of China.
Have a look at the following countries with a Trade deficit with China:-
United States: US$295.3 billion (country-specific trade surplus in 2019)
Netherlands: $62.7 billion
India: $57 billion
United Kingdom: $38.4 billion
Vietnam: $33.9 billion
Mexico: $32 billion
Philippines: $20.6 billion
Poland: $20 billion
Singapore: $19.7 billion
Now we can't just say that all these countries are colonies of China.
But what I agree is that we need to maintain Trade balance than Trade deficit and that's why Atamnirbahr Bharat is imp. (i.e making what you can make rather than importing and exporting what other's can't make or can't make cheap and only importing things that we can't make or are cheaper somewhere else except China coz these fuckers dump things here except some)
US , UK , NETHERLANDS, SINGAPORE have most money of Chinese origin comes in their financial markets.. so effectively these countries have overall trade positive with China... Same not goes with India.. our digital India and solar mission is made in China.. let that sink in...govt should Accept the truth and should work on it
@@freesoul3466 What you said is absolutely right and I did mention the same in the last part of my comment.
What I disagree with is the colony thing, coz India and China are not the same as India and Britain. Those guys also used FTA and several other measures which are not available in China.
But yes, keeping all these things aside we have already accepted the truth and are also working on it and need to work more to make things in our favour.
Britain confiscated/imposed while China buys/sells on a voluntary basis. That's a fundamental difference in the relationship that cannot be trivialized. India isn't forced to have any trade with China, so there must be a good reason based on self-interest why it does.
@@freesoul3466 Frankly, the only reason why Chinese money and Chinese investments haven't flown into India is because India itself has been actively blocking it on grounds of "national security".
Agreed! 👉 Now we caNOT just say that all these countries are colonies of China.
This video is provocative and insightful.. This trade surplus is something we need to take care of. Low key SG is saying lets be "Atma Nirbhar".
Yup
Isn't lot has to do with what happened during upa terms? Absolutely no promotion for developing any of hi tech products, which I believe is being changed by NDA regime
@@amitabhprasad though I agree with you.. there's nothing to be done by harking back to that time.. a lot of things were done wrong then due to weak leadership and coalition politics.. time to look forward now.
And control the communist type activists.
Do keep writing in.
Hello my name is David.Im Dutch/Czech citizen living in Thailand for one decade and Im big supporter of your channel.Thanks for your videos and dont stop shooting.For me are India's media more free and democratic then EU and US media right now!!!!
Sir Drain Theory was given by Dadabhai Naoroji Bipin Chandra may have mentioned about that in his book.
Agree
I am a corrugated box manufacturer and recently there was a steep increase in the Kraft paper which we use as raw material. The main reason here was that China has stopped importing waste paper which is recycled to make Kraft paper ,insted of that China is importing Kraft paper from India at a very high price.
This is forcing the domestic corrugated box manufacturers to also buy it at a very high price.
Exporting paper to china might reduce our deficit slightly but its hurting the local manufacturers.
As long as its profitable then its ok
About 9 years ago, in Singapore, people debated who will lead in 2020, China or India. The debate ended with the victory of India. India was so promising. Now, people are talking India being China’s colony. Who can guess this 9 years ago?
People are often dumbass.
That's why they come under the catagory of 99%.
Those 1% are true winners because they think practically.
They don't waste their time on political bullshit.
Whatever let give respect to China. Respect from India.
To make our country out of this situation, everyone has different responsibilities but focused.
1. Politicians must work for country's goals rather than personal or party goals.
2. We people should elect locally honest leaders rather than voting for money/ caste/ personal benefits.
3. Education system needs definitely a big change. As long as we have degrees to be earned easily with no practical knowledge or common sense, then no use of our education.
4. We should spend more on research and technology. If we consider research as only another degree to teach in colleges or get some stipend, then no use.
5. INFRASTRUCTURE - Do we really see any growth in our country time to time? Apart from the rapidly increasing private townships or ventures. Unless we connect the places quickly, we can't expect businesses to grow.
6. Our country's biggest drawback when compared to other countries is, having multiple religions, languages and races. So what we should focus is, reduce that diversity as much as possible, atleast not to hinder the development of country. Everyone should think that we r Indians rather than thinking I'm so and so race.
50% of our imports are raw materials namely Gold and Oil, another 10% are miscellaneous intermediate goods which we use for manufacturing. India has an inverted tariff regime which has high tariffs on finished products and low tariffs on raw materials.
Are we a colony of china when it comes to trade?
Ans: yes, we are.
And Amreeka is a colony of India by the same logic (of high tech exports)
This cut the clutter is a weak argument
@@garyish you got a point but considering our trade we are. We have a huge untapped potential in telecommunication devices which we are importing, where policies like PLI can change a lot.
@@rahul958575
Absolutely agree on that. We are underperforming in many sectors. I am just saying trade-colonialism works in multiple ways. Shekhar sir needs to make sure his logic works in all scenarios before advancing a theory. That is my only argument.
@@aadi2456For Australia, it's a case of you should bite the hand that feeds you
Sorry you should NOT bite the hand that feeds you
Outstanding title. Great thought process and naked truth.. an eye-opener to every indian
Provocative title.
I like it!!
Indians will remain poor unless we increase our ambitions. Just beating Pakistan is not a benchmark.
@@reardelt true. And democracy is the biggest hurdle in our development. With every policy, there is a backlash by protesters
@@MohitGupta-or2xo democracy? so you want the govt to decide whats right for YOU?
@@MohitGupta-or2xo there will be backlash even without democracy. Do you think feudal monarchies didn't have 'backlash'? They had riots and rebellions every two days. There's a reason Stalin needed gulags and Hitler needed concentration camps. There's a reason Mao needed the cultural revolution. The people who do the 'backlash' will just get murdered. And when enough people have been murdered they'll start murdering back. Democracy doesn't create backlash. It just gives people a platform to do the backlashing with minimal bloodshed.
@@MohitGupta-or2xo another dumb dictator lover.
Professor just gave our most unpopular historian credit for the grand dold mans pioneering work !
Small blip no biggy !
Yeah, Dadabhai Naoroji
Indians will remain poor if their benchmark is Pakistan. India needs to start competing with China.
Dadabhai, R.C. Dutt, G. S. Iyer, G.K. Gokhale and P.C. Ray
@@reardelt Not China. We need to compete with the developed world. Like USA, Europe and Japan. China is not a good benchmark.
@@reardelt govt is inept
If India has been a colony of Turks, Mughals and the British what is wrong about being colonized by China ?
It is absolutely wrong to call that India is a colony of China. A colony remains under total political and economic control of the colonizer as India was under British rule. A colonizer frames the economic policies of its colony to suit the economic needs of the parent country and totally ignoring the interests of the people of the colony. At present, India is a sovereign country and formulates its own economic policies. There are several factors that compel a number of countries including India to import many things from China. But it would be unfair to call China a colonizer, of course, the manufacturing capacity of China at cheap rates can be given another name.
3 mins and comments are rolling over.sirji u should also have a digital magazine or newsletter .paid ofcourse.
Kuch din ruk ganje electric cars bhi China se he aayenge
Whoever has done your office interior has fine knack / taste in aesthetics, simplicity and art.
Most of the furnitures there are also imported from China😀😀
@@sms9865 Please stop commenting dude.
I totally disagree with this colony concept. Every country has trade deficits with China, does that mean they are colonies?? Also, economy works on factors like supply, demand, price, availability of substitutes etc., so we do what's the best thing for us. USA, UK are rich today because they plundered from all over the world including India for hundreds of years. USA is no friend of anyone, they always have a policy of America greatest and America first, their policy in Iran has massively damaged India as we could not import oil, and all our investments in Iran have been frozen for now, because of US sanctions on Iran. I believe last century belonged to the West, the 21st Century will belong to India and China, and it will be a tragedy if we look West and miss our golden chance. Its high time to improve infrastructure, make large number of SEZ's near ports and other strategic locations, attract lot of foreign companies and at the same time have competitive Indian companies. We should do whatever is best to our interests, not what is best for USA interest
Dear Sir,
Greatest appreciation for the phenomenal work you do.
A small correction, the Drain Theory was given by Dadabhai Naroji, not Bipan Chandra.
Regards
Yash
Shukla ?
Hi Yash, thanks for writing in.
Who is going to manufacture ?
From the last few years government is doing everything to facilitate businesses, entrepreneurship. But nothing much have changed.
Government should build new manufacturing hubs/factories under the PSU or PPP mode. This will solve many problems like low manufacturing, export deficiency, unemployment, inequality etc.
No matter what you say most of our businessmen, entrepreneurs aren't risk-takers. In many a times they are incompetent. Hence, government themselves need to become path-breakers, ie: create new industries, factories, manufacturing centers etc.
You didn't read discuss about the steps taken by Modi government to fight this problem like PLI scheme for manufacturing electronic items in India , which was a huge success .
Well it's abviously not enoghugh why do you take everything politically ?? It's about nation
You can find a similar video on analysis of India China trade on pathfinder channel by Anirudh sir which was posted around 1 day ago , he has done better analysis than him , so just look at this video once 👍
What's a huge success in terms of definition? What is the GDP contribution of this policy? The govt is subsidizing Apple to produce iPhones that are beyond the reach of majority of Indian people.
@@tariqueiitkgp who said only Apple is Beneficiary of this scheme , more than 200 Manufacturing unit will get Incentive under this scheme in Electronics sector which contributes bulk of imports from China . And Growth in manufacturing sector will generate Employment and also will Empower our MSME sector
@@sougatdas9837 "will get" is in the future isn't it. And haven't we heard this future gains story before. Demonitization "will remove" black money; GST "will galvanize " industry; but actually all that happens is that innovation and industry are choked by the vice like grip of the government's huge taxes while some companies like A and A who are virtual traders and have no intellectual capital are allowed to get obscenely rich by rigging laws in their favour. India will never be able to compete with China unless the people of India are allowed to work by reducing turnover taxes like GST radically and making interpretations and compliances much more innovator and industry friendly-- Universally industry friendly even for small industries and not just for a few favoured industrialistss who fund elections in return for monopolies.
Rahul signs a MOU with China. Months later experts wrote articles about how trade with China is good for India. Once the doors were open, cheap labor and cost wiped out Indian industry. Now that India is focussing on eliminating purchases from China, Shekhar wants to act as an expert and discuss what India should do? Here's the final prejudice - data shown is only 2014 onwards. Shiw us when the trade deficit started, Shekhar ji.
At Auto Expo 2020, There was TONS of new Indian companies with products made from imported Chinese tech. It was a sad thing to see.
No India is not China's colony. It is America's colony. It certainly looks that way.
Arnab Cowswami and Rubbish Kumar need to take some journalism lessons from SG asap.
Killing of Indian Entrepreneurship in the name of socialism resulted in lack of manufacturing sector growth... Trust me..Being a bengali the amount of blatant xenophobia I hear from older generation about the "business mindedness" of Gujaratis and marwaris is sometimes nauseating...Treating Business as without "Morals" and Making businessman to be "Uncultured" had marred our life...A generation of liberal, Progressive, United and strong willed Indians is very much required who will spear head the wall of "Cultural socialism" into oblivion to create a "Economically free Bharat"..
Sir can you make a detail video on INDIAN MILITARY COLD START STARTERGY and is it also possible against CHINA too or only for PAKISTAN as YOUR FAVORITE SUBJECT is DEFENSE As you explain in many of your video's
In short, China can sit on their asses doing nothing for 25 plus years and still India would only be catching up just behind. This is not just in defence but in most fields, expertise and economies . India needs to stop arguing among themselves and start working smart. Long way to go. Most indians are busy admiring Americans and British while they forgotten their own country. Best of Luck 👍
Hi Jasmeet, thanks for the suggestion.
What chance does a country which bases itself on theocracy have ? 73 years after the departure of the British it is still the favourite national pastime to bash them. While countries like Japan and the Asian tigers have made enormous strides we are still languishing in backoffices and MNC factories. Corruption in all walks of life hasn't changed, only the jingoistic tenor has increased. Crony capitalism at the highest level is flourishing while international companies like Vodafone and Cairn are being punished. Maybe it's our mindset, let's face it.
Hope someone from the government is watching. If we need to be Aatmanirbhar, we need to fix the issues SG highlighted at the end. Thanks SG for provoking these thoughts. This was perhaps good enough for a national interest column!
The govt is already working on the pharma intermediates. But semiconductor and massive power equipment could take time. Just imagine how laggard BHEL has been.
They r busy watching ramayana
@sanju b hahaha, paisa trumps everything.... Who cares abt soldiers when politicians r moving around wd zz+ covers??
Issh.Bjp is busy with religion and language issues.
Shekhar Sir, do you know Indian Oil Corporation used to produce plastic and we used to import from China too as a raw material in Pen, Stationary ,Bag making industry. Now IOC production is stopped, can't import from China. Who's left? RIL only that used to produce it earlier too but didn't have Monopoly back then.
Now, it's price has been increased from Rs.80/kg to Rs.140/kg within 6 months during Pandemic and with no other alternatives. In fact, even Chinese import was cheaper.
Many MSMEs have closed down or have reduced production and have faced losses and diminishing profits.
Many workers have been laid off. So much for 'philanthropy' showed by creating jobs by big businessmen.
But people in this comment section keep on defending Mr. A and Mr. A and call everyone socialist who asks about this.
Is this free market?
Isn't it monopoly?
Isn't it same as Communism where State owns everything, just change a sovereign state with a private entity.
How will Indian Economy grow with such policies?
How will jobs be created?
How will we be innovators?
SG is early today!!
India last 70 years se bussy hai pak se war main...🤣🤣🤣🤣🤣🤣
just realise another thing,,
Professor used the word provoke in CTC !.
May be i'm too vigilant today , hahah
this is not who colony who, this trade...
why don't you say india is colony of america?
in this world, who economy are big, then the other can't avoid to use their product
if one day india economy bigger than china ,then if china people will say china is colony of india?
at 1980-2010 ,major china people using america product if china people say that they are colony of america?
this is really so dumb to say that using china product equal colony of china
using some better country product,learning from them, then make by self, then replace their product is only way a country from behind to pass over ,this isn't easy ,but the only way
India has been an economic colony of China not recently but for a long time now. This government has taken some right steps to change this situation through the Aathma Nirbhar campaign.
I was too going to say that...Hope they work...
You are very innocent Bakhat
@@balkaransidhu5334 and you are jaahil khalistani
@@balkaransidhu5334 first of all it will be bhakt and there is nothing wrong in having a little bit optimism for a campaign High pessimism and blind sightedness towards various schemes make you pakhandi
Ghanta! modi has worse trade policy. Modi give free hand to china in India.He removed China from country of consonred .
Please check for the percentage of China's exports that are by foreign companies located in that country. Trying to interpret trade figures without looking at FDI patterns can lead to misleading conclusions. We do need reforms in a range areas, no denying that. But, as the ongoing protests re the new Farm Bill suggest, democratic politics places limits on what can and cannot be done or how quickly it can be done. This can be frustrating but I'd rather that than have the regime in place in China.
What is being said till 12 min now can be simply showed in 2 min. Nevertheless one of the episodes where Sekhar gets to speak the truth.
Half truths.
@@iamDamaaldumeel what did he not tell?
@@arjavgarg5801 regarding tuticorin Sterling factiey
I think you are completely confusing two different phenomena. That of colonialism and that of basic economics. When a more advanced economy trades with a less advanced economy the only trade that can happen is the advanced economy trades advanced goods to the less advanced economy for simple goods. This is how trade works. If Martians existed they would not trade for any of your manufacturers either. Because they are more advanced the only thing they could want from you would be raw materials. Would you call this colonialism?
Colonialism is a matter of control and the Chinese don't control any of your choices. All their trade offers are take it or leave it offers with no other consequences those are the default trading offers since antiquity. All you've identified is the fact that your economy is less advanced and hence cannot export any advanced goods to China. If you think things will improve by not trading with China, you should just do it. These consequences of this should be obvious to anyone with some common sense. All the benefits that anyone derived from this trade will go away. Every single party that took part in this trade will have to move on to the next best economic option they have. Maybe that next best economic option isn't so bad or maybe it is much worse. You can do the experiment and see if this makes things any better.
I'd fathom this Cut The Clutter is so important that SG should just forward it to someone in the Government. We need these reforms asap!
Not gonna happen in a million year
Do keep watching #CutTheClutter.
Aman Shukla
I think someone (in the Government) is reading this stuff. But, yet they developed cold feet that they can't do anything with.
@@ThePrintIndia yes, shekhar guptaji is very fair in his views and calls a spade a spade.
Colonialism is not related to trade only. Trade is the least problematic aspect, and is generally a good problem to solve. Colonialism is the full spectrum dominance of finances, culture, language, laws, and most importantly military and defense by the ruler. Clearly, brits still have influence despite having left.
You have got it all backward. Colonialism is a mindset of using force, laws and tactics of taking lands, wealth resources for free and while having and treating natives with contempt. Colonialism started when colonists ran out of things to trade. Having trade deficit with countries means as a deficit holder you are not creating and inventing enough.
Watching CTC for a year and today I felt disappointed by how clickbaity and proactive word colonisation has been used here, what British did to us and what China is doing completely different thing. They have technological superior than us and we are trying to catch up but this is not colonisation. Dumb analogy, same video would be much effective if it was not focused in colonisation.
agreed. Shekhar is playing safe and is trying to woo viewers with anti-china sentiments. It is obviously not a colony of China. Britain and many other European powers bought lands, properties in Indian subcontinent, made agreements with local rulers. Eventually, they ended up ruling those places, due to various doctrines and strategies. They created feud among ourselves and the British seized the opportunity and ended up owning us. The citation of Dadabhai Nairoji, wrongly attributed to Bipan Chandra, is also incomplete. Just by looking at trade data will not make us the colony of China. We are suffering because of our own incompetence - nothing more, nothing less. I may have missed out on intricate details, but Shekhars analysis and inference is plain bs
Faulty logic! China is the factory of the world, like other countries, we are buying from them. It will continue even when we stop selling iron and copper! Of course, we need to selling more to them and but we will also continue to buy from them, at least, for the next few years!
The quality of the channel is getting better every day. Please do something about the audio issue. Audio is noisy when SG speak while reading (near to Mic)
Mr. Gupta, a tiny correction to make.
Just to give a little info as a science student. Cathodes are points in a circuit where there is negative charge. Copper is purified using a process called electrolysis. This is a purification process using an electrical circuit. Here copper is used as a cathode.
In a picture tube, the display is produced by a negatively charged electron hitting the screen. Hence the name cathode ray tube.
So when you say that cathodes have nothing to do with the picture tubes, it's a little misleading.
A cathode is a generic term for a point where there is negative charge.
India 🇮🇳 need To promote manufacturing everything
Good but a little biased. Please also include data of deficit from 2004 to 2014 also and not just 2014 to 2020. So that we can know how long has the trend been continuing
Dear Print media,
When you hear news like 100cr ransom nexus in city like Mumbai, no one will even plan for manufacturing in India.
Protests on Tuticorin is not the issue. Can you call out the company for polluting the environment? Could not the company have been mandated to re-open with better pollution-control measures? I hope you have provided your sympathies to the people who were shot by the police.
If being a Chinese colony means increase in smartphone penetration for poor in India and increase in their living standards with the help of cheap Chinese goods, we should happily accept that title.
Why should there be poor people in the first place?
@@double_courage57 poverty is a relative concept. You are saying things like there should be no short people in the world.
Quite ludicrous to say that India is china's colony on economic grounds. Colonialism always has a political manifestation. Our large trade surplus with China is because of policy failure to adapt to capitalism. China by no means forces us to buy its product
This is what Modi wants to do - come out of Chinas shadow. But leftists & liberals will not allow drastic labour reforms, profit is a dirty word & rampant populism in the form freedbies to caste based reservation . This has to change.
Wat leftist leftist dude? What has moody done?
It seems u have now left political journalism and also not to discuss Punjab govt attitude on mukhtaar matter seems very selective
So u want him here to give news 24/7?
Now we are talking! Thank you Team of The Print for high quality videos!
And will still talking about the same topic 10 years after...
India is closer to African countries than to china ,Infact Sri Lanka and Bangladesh have outperformed India despite odds stacked against them .
This is a bitter truth.. if our nationalism hangover over than we think about this issues...
We are nothing without our nationalism.
@ Ye nationalism may "distroy" us wala kuchh zyada ho gaya. Even oxygen may destroy us, to kya saans lena band karden? If we put our nation and civilization first, we dissolve regional, religious and caste animosities and stand united. Not sure how that'll destroy us, it'll certainly destroy any appeasement politics that's for sure.
@ Haha thanks for accepting it's all in your head.
@ abe jana
Nationalism Hangover !!! In fact Nationalist look out is required for Atm nirbhar bharat. To avoid this situation.
@1:38 "that is how gandhi started swadeshi movement" 😠😠😠 Did gandhi started the movement at all? Why you are distorting the history?
Who will handle The Print after SG dies ?
Ask that in "headlines ke pichhe"
Yo wtf
New centrist news media will come.
trading. It's a transaction. . You go to the bank for a loan. The bank lends you money. Are you calling the bank a demon?
You can use made in USA
China in the past. The products used are all made in Japan. made in America.
India. There is a serious problem in thinking.
You should be from your own perspective. Look for the problem. Rather than shirk responsibility.
This video was for awareness and not to run away from responsibility.
I am from tuticorin, you are free to keep copper smelters in your backyard and export... no body is stopping you...
you are classic moron who wants to stop business then ask for jobs like moron and freebies. Its tax paid by these business that pay for freebies and social welfare schemes
@@davelawson2564 We have so many other industries which provides job and revenue for govt, All I am saying is take these copper smelters and nuclear power plant to Where ever you like... learn some manners
@@101Puli there's research consideration for locating nuclear power plant. You can't build everywhere. As per the population,cost of operation and power requirement nuclear power plant is the best option. We faced immense power cut during dmk rule period. There's more liquor factory and chemical industries around. You can't stop them just ur political leaders own them. So stop blabber here. Thoothukudi incident was well planned to rioting and they achiveed as per agenda.
@@v1krv dont bring your half baked reports and vomit here.... Koodankulam Nuclear power plant is operational for less than 25% of the time... more than 75% of the time, the power plant is down...Where is the Nuclear waste generated disposed ??? First come up with a way to dispose waste before starting any NPP...
No state wanted this plant, TN govt at the time was paid a huge bribe to keep it. You can look up who was the cm back then Vignesh your favourite lady politician. What a clueless parppan
Good one .. lot of topics covered.. but I hoped you would mention the Mobile phones which was 4 years mostly imported from china.. is now 98% produced in India and also exported
According to which data 98% of sold mobiles are produced in India?
Assembled
It means assembled, but of course bow components are also started being made in India.
@@tariqueiitkgp he meant assembled. Also India is the second largest mobile phone manufacturer( mostly assembles) after China.
CLICKBAIT TITLE, ignoring what india does with Chinese imports, like pharma manufacturing, etc
Barabar bola hai pura video dheklo
we must learn to listen to harsh reality and avoid being in a fools paradise to grow.
@9.59 right-wing deshbhakts" yeh apni dhulai toh nai kar raha!"
China and India started together in late 40's and now look at the difference. We have all the freedom we want, but discipline and the ability to rise above our own self interest is what we lack.
We have freedom? India ranks 120th on economic freedom index
@@starxd5697 ikjactly
@PM Сен ақымақсың You are a megalomaniac who expects our dumbfuck politicians like Mamata and Amit Shah to be as brilliant as Deng Xiaoping. 😑
@PM Сен ақымақсың Very stupid idea. Japan,Taiwan,US, SE Asia and Europe. All have democratic govt and have achieved better life for their citizen. It is not democracy that is the problem. It is the lack of strategic planning and affinity towards band aid solutions.
the biggest reason india and pak haven’t lived up to their potential is because of the hatred between each other. if we would have had a good relationship after partition. believe me we would have been so much better by now.
Maybe now you should stop opposing Atmanirbhar Bharat. 🙄🙄
Our hate towards the rich AND our wish to become prominent exporter doesn't go hand-in-hand.
So according to you china is a colony of these countries 😀
China incurred the highest trade deficits with the following countries.
Taiwan: -US$117.7 billion (country-specific trade deficit in 2019)
Australia: -$71.5 billion
South Korea: -$62.6 billion
Brazil: -$43.7 billion
Saudi Arabia: -$30.3 billion
Japan: -$28.3 billion
Germany: -$25.3 billion
Switzerland: -$22.9 billion
Angola: -$21.3 billion
Malaysia: -$19.1 billion
You misunderstood what he said
India has too much democracy. 2% of people pay income tax which will be distributed to 50% in freebies. We need an Authoritarian Government in India for next 20 years.
When power comes in one person's hand there will be a power vacuum left after the person is gone
Even that 2% should be enough if we remove the corruption from the equation moreover politician and *big* businessman don't pay taxes they should be made tooo
According to the latest income tax rules laid out by the Finance Minister in her Union budget, only people earning more than Rs 5 lakh will effectively pay an income tax.
Now, how many Indians earn more than Rs 5 lakh to qualify to pay income tax?
According to the government’s Economic Survey of 2020, India’s per capita income is Rs 1.4 lakh. That is, the average Indian earns Rs 1.4 lakh a year. We know the income tax threshold is Rs 5 lakh. Which then means the average Indian is not required to pay an income tax.
Its really unrealistic and a really bad idea
I would recommend reading dostoevsky! It's an eye opener! Authoritarianism isnt fun!
instead talking, discussion and comparing...go and develope your country
Shekhar has specially polished his head for this episode.
Point noted sg
But then half of the world is Chinese colony.
China beats world on cost cutting in manufacturing, but same can't be done by other countries as democracies can't force people to produce more as China does like in shinziang
But a very good point
Rohan Tamanekar 💯 half the world is Chinese colony .African,Latin America Asia and Europe has Chinese influence today.
You can find a similar video on analysis of India China trade on pathfinder channel which was posted around 1 day ago
Whatever, JNU is one of the best central universities in India... it is not popular only for Bhakts...
Aazadi -2 chillane se koi central university nhi ban jaata
India don't sell yourself short. Soft power goes a very long way. The border clash was a blessing in disguise because it woke everyone up and India will be shown more respect globally. As a foreign born Chinese I wish India all the success it deserves and continue to grow its middle class. Rivalries help motivate people to push past their limits and so long as everyone keeps a calm mind and focused on the goal, relations with China hopefully will repair itself - although I think trust is gone in this lifetime I hope there will be no more fighting between the people.
Now my personal opinion is keep Modi in power if there is no prospect of a suitable leader to replace when his term ends. India has nothing to compare when looking at governing such a large democracy. So every milestone can be considered a first. Im not sure if you have term limits over there restricted to two, if so may want to amend the law. Continuity is helpful as a nation develops and transform its economy and requires a leader that can make bold moves on socioeconomic without fear criticism from international community. I know there is a lot of animosity beteern New Delhi and Beijing. But try to draw some parallels of the problems Modi faces with some of the prominent leaders of leaders today and in the past of China, draw parallels not similarity. Modi has it, he is making tough but correct decisions today that will help the leaders of tomorrow achieve its goals more efficiently. If you are able to do that, the Muslim population would realise it has nothing to do with making hindu nation but everything to do with economic prosperity. Your adversaries will most definitely expose India's weakness by dividing the country as history have already proven it to be successful tactic most notably in India. Furthermore everyone knew the potential of both India and China. The borders definition was delibrate to slow any progress of realising its potential. When economic activity increases and can start challenging the west the borders with neighbours can conveniently be exposed to halt progress. The border clash needed to happen so that both countries will realise its cost and the effect it will have on growth.
This is a classic click bait title Dear SG. What would have added color and context is to show which 5 countries do not have this "colonial" equation with China. Top of the pile in terms of dependence would be Australia and a few EU countries like Italy. It would have been one additional data point that clarified where we stand vis-a-vis on the China dependency chart. Your point on Sterlite is well taken - we as a society need to realize certain manufacturing will pollute the land but is it worth it? can we move it to a place that is less impactful for humans- the people won the battle against Sterlite and lost the war against China - we cannot have a manufacturing assembly line thats net zero carbon or zero pollutant - unless we all align on this - we will never exit the rabbit hole.
The content is worth no more than 5 minutes, at the most ... streached using faaltu repetitive spoonfeedy bakwaasbaazi !
The phenomenon is true but ... really? Colonial? The first thing of a colonial is you would be pointed by guns but where are the guns today? China becomes what China is today is by hard working, carefully planning, education, social freedom etc. They have gone through a long way. If India wants change a status of material supplier, you have to build your industries with real compatibility. Looking into it first.
@Hydrogen Bomb I am a Canadian and you tell me I don’t understand democracy. Democracy is a failure in the IS and in Canada and obviously a failure in India as well as you commented. And China is much more capitalism than the US so don’t call China a communism, it is simply no true.
@Hydrogen Bomb ok I have no position to say anything on Indian democracy, all I know about are hearing from my Indian friends here in Canada who mostly hate Indian democracy system, and told me there is no hope there. Glad you are so confident on Indian system so good luck to you. However I have to tell you that Canadian and American democracy are failures, they need a big overhaul from top down. But by current Canadian and American political system I don’t see any possibility to do a overhaul because democracy had become a political correctness in past two or three decades. Once anything becomes political correctness, it went to a dead end, it will die.
Don’t quote China as communism, it is simply not true. I believe China is more democratic than most countries in the world, you would agree with me if you search sources on what percentage of Chinese support their government. You can call China whatever you want, bottomline is China has been doing very well in past 40 years and supported by over 90% of Chinese.
Don’t worry about the future of China, China is the only country in the world that is consistently doing their political reform in past 40 years - it is exactly why they are so successful. With that, China will be more successful as long as they they keep doing what they have done. Don’t assume democracy means successful it is simply not true. Even America and Canada were not democracies before their economies became successful. If you honestly look around, you will find that majority of democracies in the worlds are failed states.
My friends who were all angry at China for border provocation but replaced their phones with Chinese handsets. So it shows where we stand
🤣🤣✌
To kya laein mate? Nokia 1100?
@@email4ady samsung m30