Manufacturing gives jobs to unskilled and semi skilled people. We may have missed a bus once but these signs are promising. Thanks for bringing out this topic.
@@aryaaswale7316 We might hitch a plane, but our competitors have hitched a rocket. Our PM is right, days of slow incremental growth are gone. Now is the time for exponential growth and big shot reforms.
@@aryaaswale7316 lol I wish things worked that way but we have missed multiple rounds of industrialization so far, I don't really see us hitching any planes, if anything we are going to have trouble sustaining the 4% growth rate we had in 2019, the 8% you are seeing right now is just recovery. Fool me once......
Such a mature, objective presentation. Both the anchor and expert have shown how these critical dialogues have to be conducted. They are experts , yet talk a language that is comprehensible to common folks . Best to both of them.
@@incfankorean5271 investors have been wanting to invest since decades but the commies didn't allow that ; this govt is bringing them in by incentivizing them and also infrastructure in bjp's term has seen amazing growth
@@bloodwargaming3662 bro i saw the statement of japnese investment firm soft bank which is one of the biggest foreign investor in the india , they said they had committed to Narendra Modi that they would invest 5 bn $ in india but they ended up investing 15 bn $. during modi's visit to america , he held a meeting with many companies including blackstone group (largest investment firm) and they said they are going to invest heavily in india . this tree will bear fruit in next 5 yrs
Hats off to Modi govt. We have far much moved away from socialism or communism. I think India's time has come. We should not miss this bus at any cost. Leftist ideology must be kept out of power to continue this growth story.
@@user-rv2tn9qx2b Recently, Tesla incident shows how much the direction has shifted when all the states were welcoming tesla to their state irrespective of their ideological tilt. Yes this is just a start, next decade is going to be very crucial if we aspire to be a developed country. If we start doing ambani-adani then RIP to our aspirations.
@@ameo5077 for your kind info tesla will not come to Bharath He already said that he has manufacturing units in China and US he was always complaining about tariffs which is 100% for importing vehicles
@@user-rv2tn9qx2b I know. I am just referring to the change in the mindset of politicians. Previously same leaders were forefront in opposing the projects.
Wonderful show on Indian economy. Praveen Swami has no match for geo politics and your show on the state of Indian economy with NM as the expert has raised the bar of excellence. Truly informative, analytical, urging us to read and engage more. RESPECT.
Congrats Y P Rajesh, the knowledgeable host that asks questions and let's guests answer without constantly showing off his gyaan. This story was positive about the country. Mr. Mishra is a clear subject matter expert whose answers were full of specifics of projects being executed in India and none of the generic answers of economics experts. Maybe in a future episode you could drill down on just one sector like textiles and go into details of what india can do to grab higher market share.
A country does not need primary resources for large exports. Bangladesh exports textiles although it does not grow cotton. Singapore exports petroleum although it does not have oil.
@@udaykumariitr3253 Personally, I think this is a joke. 50% of the share is Apparel which is anyways a dying sector. Bangladesh has better production lines than India in that sector. India is now just producing bad quality stuff at higher prices. Heck, you can see Bangladesh and Vietnam produced stuff even in India because they are that cheap and still have quality. India will have to move up the chain like China and produce winter jackets etc. Else, there is no hope for that sector.
@@SolomonSunder the main reason Bangladesh is under cutting India is bcuz they are LDC nation.. and they enjoy FTA like market access to EU and usa and we face 10% tariff... This is the reason why Bangladeshis were lobbying uk to not give tariff free entry in ongoing India-uk FTA... We are just FTA away from being textile powerhouse again
@@DeepakKumar-uj6br While you are partly correct about the LDC thing, the textile sector was struggling to survive even when India had LDC status. An FTA, in my opinion will not make the sector alive. Bangladesh follows China style mass production while India has small scale sub contracting style. Not to mention, traditional areas like Mumbai or Southern India are now expensive when it comes to labour. Bihar for example is cheaper than Bangladesh, but there is no proper electricity nor rule of law. My father worked in an apparel factory and also for a short time owned one. The company he worked at had designing in Mumbai but production moved from Mumbai to Bangladesh instead of somewhere in Bihar. And anything that can be done in Bihar, gets done in Bhiwandi (a region close to Mumbai with high electricity theft and powercuts). Regions like Tiruppur from Tamil Nadu will get a boost from FTA. They serve a niche market like undergarments. But in general, apparel in India is a dying market. Just to put into perspective, our wages for tailors are higher than in Romania. And Romania is part of the EU.
@@SolomonSunder that was, our interior transportation infrastructure is improving. We are building a world class DFC and UP and Bihar govt are making world class textile parks. We are negotiating FTA with GCC,UK and Australia, and may be with EU also.
I like how he keeps saying the government's target is a bit ambitious. It is very refreshing to see this. This is how progress is made. It shows that the government is not afraid of promising more even if it misses the target. Shoot for the stars at least you'll reach the edge of the solar system.
If only our political parties formulated their manifestos on the basis of real economic development rather than majority/minority vote bank appeasement all discussions today would have been towards the manufacturing sector without which we cannot sustain our massive population. Primary sector doesn't produce much(economically) and service sector employes too few people.
@@serious1587 first, print never Shawn this news that India became 2nd largest manufacturer of smartphone. And second is that I am not talking about assembly, I am talking about manufacturing. Yes few components are not manufactured in India like semiconductor but for that government launched 10 Billion $ pli scheme. Also world largest mobile manufacturing plant is in India
@@kaustubhraizada boat does not make smartphone bro. What do you mean still Chinese part ? We will have to import some Chinese parts, it's obvious. Not only for China but we import semiconductor from Taiwan also
@@kaustubhraizada They have also collaborated with dixon technologies to produce made in India recently and currently they have a made in india series you can see on their website. Mivi also set up their manufacturing plant in India.
Indian states like UP, Bihar, Bengal, jharkhand, chattisgarh, odisha, Rajasthan need to develop industry. These states BIMAROU are all the reasons for india's problem
Modi - make in india they laughed Startup india program they laughed Ambani adani they mocked they protested Beti bachao beti pdhao they mocked Swach bharat mission they laughed and mocked etc and etc and so on But mr modi is a doer I am sorry i was also in the category of opposition but thankfully modi is our pm .
Eco system effect is huge. That's how US developed. Once you have expertise, they'll breakout and start new companies. The employees would want better schools for their children. This is how the quality of education goes up and feeds into the eco system.
Hurray! Magically indian manufacturing is doing well all of a sudden after 75 years. Such thankless media is the curse of India and worst motivator for govt who for the first time in 75 years is working like those in Southeast Asia. For 75 years Indian governments lead by congress had only excuses when ever India’s economy was compared with Singapore, Taiwan or South Korea. Who gained independence 10-20 years after India. Now, from this NDA govt, we don’t hear excuses but we hear aggressive targets and we see results. Indians needs to learn to be thankful else those in govt are not donkeys that they can go on without any gratitude & motivators.
@@uaeindi You are so obsessively focused on GDP growth numbers. There are stupid ways to increase GDP growth. UPA gave bad loans and facilitates bad credit which showed up later on. China has also done some things which give good GDP in short run but bad in long term. Long term sustainable growth is what we should be focusing on. Look at infrastructure, look at renewables, look at the tarrifs and PLI trying to move entire supply chains and ecosystems to India. I'd rather choose 5 years of 6% sustainable growth over 9% temporary growth, but long term setbacks.
@@itsover9008 Distributing free cash to a lot of people is what this govt is good at. Personal income tax is at a highest level in past 3 decades. While converting from service tax to gst, we moved from 12.5% to 18%. Only large corporates get to pay lower tax.
@@uaeindi I actually agree with your points. This govt in its first term actually did focus on socialist welfare like UPA 2, while passing reforms. Had they switched to capitalist policies earlier, we'd have been in a better position.
In manufacturing sector we are at least 3/4 decades behind. Disturbing to realise that India now needs to make Bangladesh as her role model, not China, Korea, Taiwan. We have allowed china to cripple our industry just to keep them in good humour... plus hammer us at will at every opportunity. India must wake up, no time to loose, be aggressive in becoming competitive market as quality goods supplier. We need to revise outdated labour laws, right to call strikes.
Its now Indias time to Shine...India should grab this opportunity with both hands before China has a chance to reclaim companies that that are leaving there..? All the best to India as Australia fully supports you in the future ! Be quick....Opportunity only lasts for a short period of time.
Guest had discussed the subject with great clarity and in simple easily understandable terms ; India should invest in Defense Equipments heavily based on indigenous R & D and testing with its own contemporary innovation ; Since defense systems include multiple disciplines such as electronics , chemicals , communications , heavy equipments and infrastructure etc the same innovation learnings can be applied for other exports and its expansion ( horizontal deployment on other industries ); While it will create jobs and act as good import substitutes , will also protect the country from skirmishes at the border ; The key words ambition , agility , Infra and skills as mentioned by Rajesh for Defense sector will stand us in good stead ; Any pressure group which is trying to procastinate the actions has to be put behind the bars in the name of national security ; The pressue groups handling is a real challenge in india ;
Highly impressed with the quality of discussion. Kudos to the guest for his objective presentation and also to the host for being a voice of the viewers. YP knows all the answers to his questions bit still asks them in our language. Keep this going on. BTW, is there a playlist, like we have for ilanomics?
Great program! Very insightful...Neelkanth at his understated excellence, as usual.. Anchor handling the questions just rite.. Looking fwd to more episodes👍
Fascinating discussion with high intellectual content backed by credible data. Learnt much about India's manufacturing sector. Surprised to find manufacturing sector contributing only 15% to GDP of India while in China its over 40%. No wonder overall employment rate in India is only 43% compared to 63% in China. Although not comparable, in neighbouring country like Bangladesh and Pakistan it is 53% and 48% respectively, according to recent World Bank Report.
The most important challenge is Chief Ministers like Mamata Banerjee who single handedly destroyed Industrial output in West Bengal in order to win elections.
I live in Israel and as far as I can recall the first Made in India item I have ever seen in the marketplace and later purchased was a pair of Work Pants. I don't see many Indian produced things available in Israel although I must admit I am not a consumer addict. Perhaps certain elements of goods are manufactured elsewhere using Indian sourced raw materials but I don't see any effort tp promote Made in India. This is surprising as the two countries are on very friendly terms, China to both countries is a major concern, thousands of Indians work and study in Israel and pre-Corona India was a favorite tourist spot for Israelis.
Hey Danny, I am from India itself and a huge fan of Israel, Coming to the products imported by Israel are majorly Gems, Jewelry or Non-Basmati Rice. I have seen that Israelis mostly import cars from Germany or other European countries. Electronics in India is majorly assembly based, basically, companies like Apple or Samsung (and there are more) assemble their products in India with the help of raw materials coming from out, it's true we are moving towards Manufacturing site as well, specifically, we are targetting the semiconductor industry, there are many I Phones assembled in India, you or your colleague might have already used without realizing In terms of Military or Defense, Israel is way ahead of India, we currently have only a few countries with whom we have been successful in exporting our Military Defense In terms of Non Merchandise Goods or Software exports, we are doing very well with UAE or Saudi, Israel is already high tech so that sector is again ruled off Israel relations have grown with India rapidly in recent years since Modi has come to power, so we can expect more Trade in the future.
@@pranshumishra1817 Thanks for the reply. Yes a lot of Countries are hoping that India can get its act together and replace China as THE Manufacturer to the World and as quickly as possible before China is in a position where there is no chance of catching up to her. It all depends on consumers actively looking for products made elsewhere as long as prices are somewhat similar and the supply and quality are there. I hope India and Israel do develop much stronger ties in many different spheres as both sides have a lot in common [emphasis on Education, willing to take risks and thinking outside the box] and both sides and the World will benefit greatly.
@@dannyhughes4889 yeah india is currently in position that they aren't able to catching up to China. It's not happening later but actually it's right now. For a simple example, india is right now going gaga over the growth of their smartphone output and export numbers but if we dig deeper the large percentage of the numbers were contributed by Chinese brands plus Samsung and Apple. Indian brands are far and far smaller in number of contribution. 😀 What you can learn from this? Here China even indirectly "controlling" india smartphone manufacturing industry
@@浦和-f5y The World seems to be very sympathetic to the idea of doing a lot more business with India and interested in her taking on a much bigger role in becoming Manufacturer No. 1.. It seems to have everything going for it but of course it must meet the highest standards in production, delivery, after sales service and all at a competitive price..
Reservation in the private sector and all this hoopla around India becoming a manufacturing giant will evaporate quickly. If BJP wins UP, I envision India's opposition to fight 2024 on this single plank of bringing reservation in the private sector and that will seal India's fate forever. Social Welfare of Sweden and the Income levels of Uganda, that is what India is going to be.
Central govt.of India is doing pretty well however various state govt. are interpreting those policy in their own way.State govt focus is mainly on regaining the power seat and the majority of voters see the vested interest like caste and community. Neelkanth has placed very strong points like upskilling the youth,product selection based on demographic factors.I would suggest a common industrial policy across the nation,rather taking the subject to federal govt list from state list. That will make the entire nation grow irrespective of the ruling party short term policy in any state. Today we need to produce more skilled workforce to attract global manufacturing giants.
It was a great interaction & got to know how Indian industrial exports are growing & are having good potential to grow. One question which came to my mind is why China is going away from labour intensive industry when they have so much manpower available. Also one of the thing which I feel is that we must learn the lessons where they failed in their over all strategies & how we can be better than China on these fronts regards
China industrial labour is not cheap. They get paid 9 times higher than indian industrial labor in nominal terms. China is moving away from labor intensive industries as it is no longer competitive. It's entering a different phase of development as compared to India.
China is moving into high tech manufacturing like semiconductor chipsets, 5G, bullet trains, aircraft manufacturing, defence, space technology etc. These kind of jobs pay higher wages and China can compete with the Western nations. China no longer require low wage manufacturing as wages have been rising for over 2 decades.
Indian-Govt must adopt a 3-language policy for Education with:- (1) ENGLISH as the medium of education & compulsory literature subject from 1st to 12th Std. (2) Regional-Language as a compulsory lit. subject from 1st to 12th Std (3) 3rd Language as a Compulsory Lit. subject from 6th to 10th Std. This will allow Govt to set a certain Std. for Quality & Access of education for the upcoming Generations. India must adopt 3-levels for Govt Schools with separate infrastructure, administration & teachers for:- (1) Elementary Schools => 1st to 5th Std. (2) Middle-Schools => 6th to 8th Std (3) High-School => 9th to 12th Std & Trade Schools Indian-Govt must conduct Board-Exams at these level to check the quality of Education:- (a) 5th Std. (b) 8th Std. (c) 10th Std. (d) 12th Std. The difficulty for these exams must increase with with increase from 5th to 12th Std. In Elementary-Schools, Indian-Govt must promote these activities:- (1) Yoga (2) Athletics (3) Calisthenics (4) Performing Arts => Classical Music, Regional dance forms like Kathak, Kathakali etc (5) Fine-Arts => Drawing, Painting, Sketching etc In the Middle & High-Schools, Govt must provide these activities:- (1) Martial-Arts => Wrestling/Judo/Boxing/ Taekwondo (2) Swimming (3) Advance level Maths, Science, Economic & Language courses (4) Trade/Vocational-Skills. In Universities & Colleges, it must be made to Learn at least one Foreign Language, such as:- (1) French (2) German (3) Japanese (4) Spanish (5) Italian (6) Finnish (7) Russian (8) Japanese (9) Korean (10) Arabic (11) Mandarin/Chinese (12) Swedish (13) Austrian (14) Norwegian (15) Danish The major focus must on German, French, Spanish, Italian, Finnish & Norwegian. This will allow easier Migration to European Nations that will eventually boost:- (1) Remittances (2) Indian influence in these Nations
Bring india centric economist for discussion of solutions . India missed manufacturing bus during UPA rule, when all these leftist economist were sleeping . Incentivize manufacturing and export further aggressively . Service will continue . We need to tame BABUS and leftist in our nation.
Its TN's or any govt to purify water before its sent back to river.. but yes.. without industries we will fail.. Either people have to move from textile to another Industry(that also needs water) but we cant stay at we want only agriculture. "Only agriculture" will fail the society.
Manufacturing to GDP ratio must come to above around 25% . All out actions on this front is must . Associated impacts must be separately dealt. Manufacturing and infrastructure development will be a boon for Bharat .
US interest rates are going up because of inflation and they will keep going up. Money will move from stocks to US government bonds as it is safer. So not an India specific phenomenon. It's more because of the tightening of liquidity.
Push hard to becoming the manufacturing hub. All state centre govt. And private sectors should push value added in semi conductor electronics medical equipment s chemicals and military hardware textile. Solve the sector wise problems. Promote manufacturing and exports.encourage e vehicles and cut down our forex.
Work like the Chinese in Industrial Revolution.. Lay state of art Infra;Zoning: Logistics; "A "team should run the Manufacturing keep all Nethas out.. A team should be Gadkari..Nandan nilekani..Ratan Tata Mahindras.Birals..Bajaj..Goenkas..Ambanis.. Godrej, Shapoorjis Kiran shaw etc Let them handle along with MILITARY. 2/Let military induct all 600 million youth to build Disciplined..skilled..Multi tasking youth.. work force. 3/Work in synergy will 220 nations to import raw materials. 4/Work on high tech areas.. AI.. Digital..space, defense,Food industries.Agriculture health..pharma..mmines, metals, etc.
In a sector like Textiles & garments, the government needs to tweak a little bit. Garments export is dwindling & has to compete globally with strong garments exporters. Garments manufacture is essentially a value addition exercise, as it needs (raw) cloth to be imported. India being one of the largest in cloth manufacture (& exporter) needs to put additional tax on export of it to discourage (raw) cloth export, to retain value addition here and India can turn that into garments, for export.
@@kaustubhraizada That’s too broad a generalization. Not all manufacturing is the same. Not are all service jobs skilled. A machinist working at a Boeing plant is far more skilled than a server at a restaurant.
India 🇮🇳 can manufacturer better then China 🇨🇳 with " quality ", ethics and skill workers. We can expert less price products from 🇮🇳. several company's like Dell IBM EY tayota Bosh ...ect (around 150000 companys) are operational in India with out any problem and skilled labor. Even Government promoting new companies with incentives and some times free land allocation. In India for rapid transport 5 DFC are under construction 27 8 line national Hiways are adding in 2022.. Thanks to government🙂🙏
India cannot produce anything,they just need foreign companies to produce in India. The few things that they manage to produce,indians themselves would not buy,now don't talk about quality lol.
Open up all 30 states; train youth in military ;build skill with discipline; technical Introduce CAD/AI/Robotics Quality. Finesse Simulated on computer Integration of technolgies.
A government success depends upon exports of manufacturing.concentrate on manufacturing. A hard push is required. Favorite exports of manufacturing. Become the factory of the world. Give highest priority to electronics defence equipments machinery toys
Manufacturing gives jobs to unskilled and semi skilled people. We may have missed a bus once but these signs are promising. Thanks for bringing out this topic.
We might have missed the bus but we’ll hitch a plane
@@aryaaswale7316 well said, that's the spirit, as the expert in this interview said, 'we need to be ambitious' .
@@aryaaswale7316 We might hitch a plane, but our competitors have hitched a rocket. Our PM is right, days of slow incremental growth are gone. Now is the time for exponential growth and big shot reforms.
@@aryaaswale7316 lol I wish things worked that way but we have missed multiple rounds of industrialization so far, I don't really see us hitching any planes, if anything we are going to have trouble sustaining the 4% growth rate we had in 2019, the 8% you are seeing right now is just recovery. Fool me once......
@@bhai857
No, we need to have more airports & airstrips (the present number is inadequate) if we want to "hitch a plane".
Such a mature, objective presentation. Both the anchor and expert have shown how these critical dialogues have to be conducted. They are experts , yet talk a language that is comprehensible to common folks . Best to both of them.
All credit goes to the government. huge and committed efforts, deserves credit.
And investors
@@incfankorean5271 investors have been wanting to invest since decades but the commies didn't allow that ; this govt is bringing them in by incentivizing them and also infrastructure in bjp's term has seen amazing growth
But jobs and growth isn't coming ?
@@bloodwargaming3662 bro i saw the statement of japnese investment firm soft bank which is one of the biggest foreign investor in the india , they said they had committed to Narendra Modi that they would invest 5 bn $ in india but they ended up investing 15 bn $.
during modi's visit to america , he held a meeting with many companies including blackstone group (largest investment firm) and they said they are going to invest heavily in india .
this tree will bear fruit in next 5 yrs
@@over3429 ik ik but if look at our country wholey growth and jobs hasnt come yet
This is jow media should be. Always committed to the true story whether it is good or bad.
Hats off to Modi govt. We have far much moved away from socialism or communism. I think India's time has come. We should not miss this bus at any cost. Leftist ideology must be kept out of power to continue this growth story.
No bro we haven’t
We are just starting to
@@user-rv2tn9qx2b yea atleast that is gud! We dint do anythng under congress's
@@user-rv2tn9qx2b Recently, Tesla incident shows how much the direction has shifted when all the states were welcoming tesla to their state irrespective of their ideological tilt. Yes this is just a start, next decade is going to be very crucial if we aspire to be a developed country. If we start doing ambani-adani then RIP to our aspirations.
@@ameo5077 for your kind info tesla will not come to Bharath
He already said that he has manufacturing units in China and US he was always complaining about tariffs which is 100% for importing vehicles
@@user-rv2tn9qx2b I know. I am just referring to the change in the mindset of politicians. Previously same leaders were forefront in opposing the projects.
Wonderful show on Indian economy. Praveen Swami has no match for geo politics and your show on the state of Indian economy with NM as the expert has raised the bar of excellence. Truly informative, analytical, urging us to read and engage more. RESPECT.
Manufacturing sector is very essential for a developing country like India
And fu*k china
Congrats Y P Rajesh, the knowledgeable host that asks questions and let's guests answer without constantly showing off his gyaan. This story was positive about the country. Mr. Mishra is a clear subject matter expert whose answers were full of specifics of projects being executed in India and none of the generic answers of economics experts. Maybe in a future episode you could drill down on just one sector like textiles and go into details of what india can do to grab higher market share.
A country does not need primary resources for large exports. Bangladesh exports textiles although it does not grow cotton. Singapore exports petroleum although it does not have oil.
We must prepare for trade war with Bangladesh
As they are just like China
In terms of clothing
@@udaykumariitr3253 Personally, I think this is a joke. 50% of the share is Apparel which is anyways a dying sector. Bangladesh has better production lines than India in that sector. India is now just producing bad quality stuff at higher prices. Heck, you can see Bangladesh and Vietnam produced stuff even in India because they are that cheap and still have quality. India will have to move up the chain like China and produce winter jackets etc. Else, there is no hope for that sector.
@@SolomonSunder the main reason Bangladesh is under cutting India is bcuz they are LDC nation.. and they enjoy FTA like market access to EU and usa and we face 10% tariff... This is the reason why Bangladeshis were lobbying uk to not give tariff free entry in ongoing India-uk FTA... We are just FTA away from being textile powerhouse again
@@DeepakKumar-uj6br While you are partly correct about the LDC thing, the textile sector was struggling to survive even when India had LDC status. An FTA, in my opinion will not make the sector alive. Bangladesh follows China style mass production while India has small scale sub contracting style. Not to mention, traditional areas like Mumbai or Southern India are now expensive when it comes to labour. Bihar for example is cheaper than Bangladesh, but there is no proper electricity nor rule of law. My father worked in an apparel factory and also for a short time owned one. The company he worked at had designing in Mumbai but production moved from Mumbai to Bangladesh instead of somewhere in Bihar. And anything that can be done in Bihar, gets done in Bhiwandi (a region close to Mumbai with high electricity theft and powercuts). Regions like Tiruppur from Tamil Nadu will get a boost from FTA. They serve a niche market like undergarments. But in general, apparel in India is a dying market. Just to put into perspective, our wages for tailors are higher than in Romania. And Romania is part of the EU.
@@SolomonSunder that was, our interior transportation infrastructure is improving. We are building a world class DFC and UP and Bihar govt are making world class textile parks. We are negotiating FTA with GCC,UK and Australia, and may be with EU also.
Govt should encourage ele vehicles which will help weather less oil import encourage local manufacturing
I like how he keeps saying the government's target is a bit ambitious. It is very refreshing to see this.
This is how progress is made. It shows that the government is not afraid of promising more even if it misses the target.
Shoot for the stars at least you'll reach the edge of the solar system.
If only our political parties formulated their manifestos on the basis of real economic development rather than majority/minority vote bank appeasement all discussions today would have been towards the manufacturing sector without which we cannot sustain our massive population.
Primary sector doesn't produce much(economically) and service sector employes too few people.
India became 2nd largest manufacturer of Smartphone. 🙂
@@serious1587 What I have to do with that? But I think print and wire are anti-bjp channel
@@serious1587 first, print never Shawn this news that India became 2nd largest manufacturer of smartphone.
And second is that I am not talking about assembly, I am talking about manufacturing. Yes few components are not manufactured in India like semiconductor but for that government launched 10 Billion $ pli scheme.
Also world largest mobile manufacturing plant is in India
@@thethirddoor5480 still Chinese parts even boat uses it
@@kaustubhraizada boat does not make smartphone bro.
What do you mean still Chinese part ? We will have to import some Chinese parts, it's obvious. Not only for China but we import semiconductor from Taiwan also
@@kaustubhraizada They have also collaborated with dixon technologies to produce made in India recently and currently they have a made in india series you can see on their website. Mivi also set up their manufacturing plant in India.
Indian states like UP, Bihar, Bengal, jharkhand, chattisgarh, odisha, Rajasthan need to develop industry. These states BIMAROU are all the reasons for india's problem
Only rapid growth of mfg. sector.... will enrich India.
Modi - make in india they laughed
Startup india program they laughed
Ambani adani they mocked they protested
Beti bachao beti pdhao they mocked
Swach bharat mission they laughed and mocked etc and etc and so on
But mr modi is a doer
I am sorry i was also in the category of opposition but thankfully modi is our pm .
Now the royal slaves of prince pappu will call you andhbhakt
*andhbhakt spotted* - a puncherwala said it
@@Liam-ki7sw andhbhakto or puncture walo ki maa ka bhosda ..
Yes.
@ABHRA TALUKDER kese bnjanege ambani adani jb log galia denge ambani bn na asaan h kya
Saŕkari naukri chahtè h log .. india me gandu log h the rehnhe
Eco system effect is huge. That's how US developed. Once you have expertise, they'll breakout and start new companies. The employees would want better schools for their children. This is how the quality of education goes up and feeds into the eco system.
Learnt so much from this discussion. The Print is fast becoming a single platform for every kind of news and information.
Sirs this was a brilliant informative, lucky to have this!
Great to see Manufacturing sector grow .🇮🇳
Hurray! Magically indian manufacturing is doing well all of a sudden after 75 years. Such thankless media is the curse of India and worst motivator for govt who for the first time in 75 years is working like those in Southeast Asia. For 75 years Indian governments lead by congress had only excuses when ever India’s economy was compared with Singapore, Taiwan or South Korea. Who gained independence 10-20 years after India. Now, from this NDA govt, we don’t hear excuses but we hear aggressive targets and we see results. Indians needs to learn to be thankful else those in govt are not donkeys that they can go on without any gratitude & motivators.
This NDA govt is presiding over some of the lowest growth period (even pre pandemic).
@@uaeindi You are so obsessively focused on GDP growth numbers. There are stupid ways to increase GDP growth. UPA gave bad loans and facilitates bad credit which showed up later on. China has also done some things which give good GDP in short run but bad in long term.
Long term sustainable growth is what we should be focusing on. Look at infrastructure, look at renewables, look at the tarrifs and PLI trying to move entire supply chains and ecosystems to India. I'd rather choose 5 years of 6% sustainable growth over 9% temporary growth, but long term setbacks.
@@itsover9008 Distributing free cash to a lot of people is what this govt is good at. Personal income tax is at a highest level in past 3 decades. While converting from service tax to gst, we moved from 12.5% to 18%. Only large corporates get to pay lower tax.
@@uaeindi I actually agree with your points. This govt in its first term actually did focus on socialist welfare like UPA 2, while passing reforms. Had they switched to capitalist policies earlier, we'd have been in a better position.
In manufacturing sector we are at least 3/4 decades behind. Disturbing to realise that India now needs to make Bangladesh as her role model, not China, Korea, Taiwan. We have allowed china to cripple our industry just to keep them in good humour... plus hammer us at will at every opportunity. India must wake up, no time to loose, be aggressive in becoming competitive market as quality goods supplier. We need to revise outdated labour laws, right to call strikes.
Are pagal bangladesh sirf textile export karta hai
Good news in manufacturing sector. Hope it would go on increasing.
marvellous clarity...My salutes to Neelkanth
yes India has begun to rise though slowly. I think by huge administrative reforms , we can achieve much better and faster growth .
Its now Indias time to Shine...India should grab this opportunity with both hands before China has a chance to reclaim companies that that are leaving there..?
All the best to India as Australia fully supports you in the future !
Be quick....Opportunity only lasts for a short period of time.
Thank you Neelkanth and Y.P
Effort of Modi Government finally showing results ❤️😍💥😇
This is known as news every aspect positive or negative our news channel can never be like this presentation
Guest had discussed the subject with great clarity and in simple easily understandable terms ; India should invest in Defense Equipments heavily based on indigenous R & D and testing with its own contemporary innovation ; Since defense systems include multiple disciplines such as electronics , chemicals , communications , heavy equipments and infrastructure etc the same innovation learnings can be applied for other exports and its expansion ( horizontal deployment on other industries ); While it will create jobs and act as good import substitutes , will also protect the country from skirmishes at the border ; The key words ambition , agility , Infra and skills as mentioned by Rajesh for Defense sector will stand us in good stead ; Any pressure group which is trying to procastinate the actions has to be put behind the bars in the name of national security ; The pressue groups handling is a real challenge in india ;
these movements were called socialist transformation in China in 1950s.
hhhhhhhhhhhhhhhhhhhhhhha
every country would go through such stage
Highly impressed with the quality of discussion.
Kudos to the guest for his objective presentation and also to the host for being a voice of the viewers. YP knows all the answers to his questions bit still asks them in our language.
Keep this going on.
BTW, is there a playlist, like we have for ilanomics?
Thank you Abhinav, very humbled. This is only the second episode with Neelkanth, so we'll create a Playlist as we have more to populate it.
Great program!
Very insightful...Neelkanth at his understated excellence, as usual..
Anchor handling the questions just rite..
Looking fwd to more episodes👍
Excellent episode!! Mr Neelakant Mishras expertise is quite amazing. Very good questions and interviewing skills by the anchor.
Can you continue this discussion based on different regions of India?
Sir, excellent discussion. Such brevity and pointed discussion is worth a watch.
Quality of session is great beyond doubt.Please keep up the good work !! Nilkanth sir is awesome!!
excellent interview extraordinary. Neelkanth is fantastic..
ofcourse when economy does well its states otherwise its centre😄
Always looking forward to listen to your interviews
Great discussion, learned a lot and enjoyed the talk.
Excellent assessment of government policies that would help future export growth.
Great show. looking forward to next episode
Fascinating discussion with high intellectual content backed by credible data. Learnt much about India's manufacturing sector. Surprised to find manufacturing sector contributing only 15% to GDP of India while in China its over 40%. No wonder overall employment rate in India is only 43% compared to 63% in China. Although not comparable, in neighbouring country like Bangladesh and Pakistan it is 53% and 48% respectively, according to recent World Bank Report.
VERY Very good show! Keep up the good work...
Thanks for conducting this type of Interview
Wow...what a lovely and clear presentation...I want to say nice and knowledgeable
thanks for this discussion
What about manufacturing for India in India? Which sectors can India focus on for self sufficiency?
Fun fact- Neelkanth Mishra got AIR 4 in IIT JEE 1993.
The most important challenge is Chief Ministers like Mamata Banerjee who single handedly destroyed Industrial output in West Bengal in order to win elections.
Long wait for a positive note. Thank you, please keep bringing positive news to public domain.
Panchamantra seems to be the new astral (arrow) in the armoury of Shekhar/ThePrint aiming for the peak of quality journalism.
Excellent analysis, thanks for the insights, thanks Print.
Great keep going this should be permanent feature.
I live in Israel and as far as I can recall the first Made in India item I have ever seen in the marketplace and later purchased was a pair of Work Pants.
I don't see many Indian produced things available in Israel although I must admit I am not a consumer addict.
Perhaps certain elements of goods are manufactured elsewhere using Indian sourced raw materials but I don't see any effort tp promote Made in India.
This is surprising as the two countries are on very friendly terms, China to both countries is a major concern, thousands of Indians work and study in Israel and pre-Corona India was a favorite tourist spot for Israelis.
Hey Danny, I am from India itself and a huge fan of Israel, Coming to the products imported by Israel are majorly Gems, Jewelry or Non-Basmati Rice.
I have seen that Israelis mostly import cars from Germany or other European countries. Electronics in India is majorly assembly based, basically, companies like Apple or Samsung (and there are more) assemble their products in India with the help of raw materials coming from out, it's true we are moving towards Manufacturing site as well, specifically, we are targetting the semiconductor industry, there are many I Phones assembled in India, you or your colleague might have already used without realizing
In terms of Military or Defense, Israel is way ahead of India, we currently have only a few countries with whom we have been successful in exporting our Military Defense
In terms of Non Merchandise Goods or Software exports, we are doing very well with UAE or Saudi, Israel is already high tech so that sector is again ruled off
Israel relations have grown with India rapidly in recent years since Modi has come to power, so we can expect more Trade in the future.
@@pranshumishra1817 Thanks for the reply.
Yes a lot of Countries are hoping that India can get its act together and replace China as THE Manufacturer to the World and as quickly as possible before China is in a position where there is no chance of catching up to her.
It all depends on consumers actively looking for products made elsewhere as long as prices are somewhat similar and the supply and quality are there.
I hope India and Israel do develop much stronger ties in many different spheres as both sides have a lot in common [emphasis on Education, willing to take risks and thinking outside the box] and both sides and the World will benefit greatly.
@@dannyhughes4889 yes, let's hope for a brighter future ahead for both Israel & India
@@dannyhughes4889 yeah india is currently in position that they aren't able to catching up to China. It's not happening later but actually it's right now. For a simple example, india is right now going gaga over the growth of their smartphone output and export numbers but if we dig deeper the large percentage of the numbers were contributed by Chinese brands plus Samsung and Apple. Indian brands are far and far smaller in number of contribution. 😀
What you can learn from this? Here China even indirectly "controlling" india smartphone manufacturing industry
@@浦和-f5y The World seems to be very sympathetic to the idea of doing a lot more business with India and interested in her taking on a much bigger role in becoming Manufacturer No. 1..
It seems to have everything going for it but of course it must meet the highest standards in production, delivery, after sales service and all at a competitive price..
Very insightful conversion, thanks @theprint
Very inspiring. Looking forward to better days.
This govt achive any landmark they marked already. It's not Confused & spineless Govt . Ultimate Executer & Proactive
Excellent initiative and very knowledgeable session… pls continue this show regularly
Reservation in the private sector and all this hoopla around India becoming a manufacturing giant will evaporate quickly. If BJP wins UP, I envision India's opposition to fight 2024 on this single plank of bringing reservation in the private sector and that will seal India's fate forever. Social Welfare of Sweden and the Income levels of Uganda, that is what India is going to be.
Very very informative..... Thank you
Central govt.of India is doing pretty well however various state govt. are interpreting those policy in their own way.State govt focus is mainly on regaining the power seat and the majority of voters see the vested interest like caste and community.
Neelkanth has placed very strong points like upskilling the youth,product selection based on demographic factors.I would suggest a common industrial policy across the nation,rather taking the subject to federal govt list from state list. That will make the entire nation grow irrespective of the ruling party short term policy in any state. Today we need to produce more skilled workforce to attract global manufacturing giants.
Excellent episode
Manufacturing sector is very essential for a developing country
It was a great interaction & got to know how Indian industrial exports are growing & are having good potential to grow. One question which came to my mind is why China is going away from labour intensive industry when they have so much manpower available. Also one of the thing which I feel is that we must learn the lessons where they failed in their over all strategies & how we can be better than China on these fronts regards
China industrial labour is not cheap. They get paid 9 times higher than indian industrial labor in nominal terms. China is moving away from labor intensive industries as it is no longer competitive. It's entering a different phase of development as compared to India.
China is moving into high tech manufacturing like semiconductor chipsets, 5G, bullet trains, aircraft manufacturing, defence, space technology etc. These kind of jobs pay higher wages and China can compete with the Western nations. China no longer require low wage manufacturing as wages have been rising for over 2 decades.
Brilliant. Very thoughtful and non partisan.
Indian-Govt must adopt a 3-language policy for Education with:-
(1) ENGLISH as the medium of education & compulsory literature subject from 1st to 12th Std.
(2) Regional-Language as a compulsory lit. subject from 1st to 12th Std
(3) 3rd Language as a Compulsory Lit. subject from 6th to 10th Std.
This will allow Govt to set a certain Std. for Quality & Access of education for the upcoming Generations.
India must adopt 3-levels for Govt Schools with separate infrastructure, administration & teachers for:-
(1) Elementary Schools => 1st to 5th Std.
(2) Middle-Schools => 6th to 8th Std
(3) High-School => 9th to 12th Std & Trade Schools
Indian-Govt must conduct Board-Exams at these level to check the quality of Education:-
(a) 5th Std.
(b) 8th Std.
(c) 10th Std.
(d) 12th Std.
The difficulty for these exams must increase with with increase from 5th to 12th Std.
In Elementary-Schools, Indian-Govt must promote these activities:-
(1) Yoga
(2) Athletics
(3) Calisthenics
(4) Performing Arts => Classical Music, Regional dance forms like Kathak, Kathakali etc
(5) Fine-Arts => Drawing, Painting, Sketching etc
In the Middle & High-Schools, Govt must provide these activities:-
(1) Martial-Arts => Wrestling/Judo/Boxing/ Taekwondo
(2) Swimming
(3) Advance level Maths, Science, Economic & Language courses
(4) Trade/Vocational-Skills.
In Universities & Colleges, it must be made to Learn at least one Foreign Language, such as:-
(1) French
(2) German
(3) Japanese
(4) Spanish
(5) Italian
(6) Finnish
(7) Russian
(8) Japanese
(9) Korean
(10) Arabic
(11) Mandarin/Chinese
(12) Swedish
(13) Austrian
(14) Norwegian
(15) Danish
The major focus must on German, French, Spanish, Italian, Finnish & Norwegian.
This will allow easier Migration to European Nations that will eventually boost:-
(1) Remittances
(2) Indian influence in these Nations
Highly appreciable interview a lot of thank🙏🙏🙏🙏🙏
Startup growing 8 new unicorns came within 48 days youths are doing will jobs produce
Bring india centric economist for discussion of solutions . India missed manufacturing bus during UPA rule, when all these leftist economist were sleeping . Incentivize manufacturing and export further aggressively . Service will continue . We need to tame BABUS and leftist in our nation.
Really hopeful for our future
Nice show by The Print
UPA : Missed the bus
Modi: Got in a car to run faster to catch the bus.
We have to be in the bus if we want to reach the goal of being a superpower!
Please do check the condition of Noyyal river when we talk about textile jobs. Bad part is that Noyyal feeds into Cauvery and pollutes that also
Its TN's or any govt to purify water before its sent back to river.. but yes.. without industries we will fail.. Either people have to move from textile to another Industry(that also needs water) but we cant stay at we want only agriculture. "Only agriculture" will fail the society.
Thank you Neelkanth.. you are giving yourself out with starry eyed interested party vibe in this story though..
Pli schemes will help exports more
Good discussion and topic. Thanks.
Manufacturing to GDP ratio must come to above around 25% . All out actions on this front is must . Associated impacts must be separately dealt. Manufacturing and infrastructure development will be a boon for Bharat .
Last 2 - 3 months fii are net sellers in share market is also reason for outflow
US interest rates are going up because of inflation and they will keep going up. Money will move from stocks to US government bonds as it is safer. So not an India specific phenomenon. It's more because of the tightening of liquidity.
It’s cutting corner not turning a corner, already properly cornered by other manufacturers globally.
Push hard to becoming the manufacturing hub. All state centre govt. And private sectors should push value added in semi conductor electronics medical equipment s chemicals and military hardware textile. Solve the sector wise problems. Promote manufacturing and exports.encourage e vehicles and cut down our forex.
Capitalism is the future. BJP is the hope, Those who say otherwise should disregarded.
Constantly push exports of manufacturing higher continuously.
Work like the Chinese in Industrial Revolution..
Lay state of art Infra;Zoning: Logistics;
"A "team should run the Manufacturing keep all Nethas out..
A team should be Gadkari..Nandan nilekani..Ratan Tata
Mahindras.Birals..Bajaj..Goenkas..Ambanis..
Godrej, Shapoorjis Kiran shaw etc
Let them handle along with MILITARY.
2/Let military induct all 600 million youth to build Disciplined..skilled..Multi tasking youth.. work force.
3/Work in synergy will 220 nations to import raw materials.
4/Work on high tech areas..
AI..
Digital..space, defense,Food industries.Agriculture
health..pharma..mmines, metals, etc.
In a sector like Textiles & garments, the government needs to tweak a little bit. Garments export is dwindling & has to compete globally with strong garments exporters. Garments manufacture is essentially a value addition exercise, as it needs (raw) cloth to be imported. India being one of the largest in cloth manufacture (& exporter) needs to put additional tax on export of it to discourage (raw) cloth export, to retain value addition here and India can turn that into garments, for export.
So much better than Shekhar Gupta' talks. There is data. Did not see personal wild interpretation or politics. Thank you.
I don't want to say but
Reality is
Upa: missed the bus of manufacturing
But
Bjp with a Lambo start chasing manufacturing 🤷
Absolutely right to say manufacturing creates more jobs than other sectors.
Manufacturing creates jobs for low skilled people unlike service industry
@@kaustubhraizada That’s too broad a generalization. Not all manufacturing is the same. Not are all service jobs skilled.
A machinist working at a Boeing plant is far more skilled than a server at a restaurant.
@@patmclaughlin107 mass production happens in lower skilled products not aircrafts
Good discussion 👍🏻
Wait till the end
Intelligence gents ! Thanks 🙏 informative
👍👍👍great especially when global demand is low due to pendemic continuing
Really good.
India 🇮🇳 can manufacturer better then China 🇨🇳 with " quality ", ethics and skill workers. We can expert less price products from 🇮🇳. several company's like Dell IBM EY tayota Bosh ...ect (around 150000 companys) are operational in India with out any problem and skilled labor. Even Government promoting new companies with incentives and some times free land allocation. In India for rapid transport 5 DFC are under construction 27 8 line national Hiways are adding in 2022.. Thanks to government🙂🙏
India cannot produce anything,they just need foreign companies to produce in India.
The few things that they manage to produce,indians themselves would not buy,now don't talk about quality lol.
Fantastic!
Good insight
RDNTV will not talk about this🤣🤣
Build infrastructure at a much more speed. States must compete to attract exporting company.
Open up all 30 states;
train youth in military ;build skill with discipline;
technical
Introduce
CAD/AI/Robotics
Quality.
Finesse
Simulated on computer
Integration of technolgies.
A government success depends upon exports of manufacturing.concentrate on manufacturing. A hard push is required. Favorite exports of manufacturing. Become the factory of the world. Give highest priority to electronics defence equipments machinery toys