How India's Economy Became So Powerful
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- เผยแพร่เมื่อ 2 มิ.ย. 2024
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How did India go from the world's biggest economy in the Middle Ages to just 3.1% of global GDP in the 70s, and now on track to become the third largest economic powerhouse in the world?
TIMESTAMPS
India Ruled The World 0:00
Fall From Grace 0:53
Economic U-Turn 2:22
No Pain, No Gain 3:18
Bankruptcy 5:34
Rise From The Ashes 7:54
Not The Full Story 9:10
Dubai 2.0 12:29
Modi's Genius 13:54
3rd Biggest Economy 15:05
China 15:51
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I want to tell if you have time read our motherland India's real history your mind will be blank to know what did the Foreigner do our country. And you will know what are real freedom fighters. European countries did so much wrong to hide India' identity.
🙏🙏🙏🙏🙏🙏Brother please, you need to discover the true truth, not just the Western and leftist historians' version of history. I am Indian, and we know how the West portrays Indian history incorrectly, both in the past and present. In India, left historians and the government have distorted our history. They portray Mughal and Muslim invaders as heroes, such as Aurangzeb, who killed millions, raped thousands of women because they refused to convert to Islam, and forcibly converted millions more. They destroyed more than 44,000 temples. This bloody history is documented in their own books, but for political gain and under the control of leftist historians and congress govt., these atrocities are concealed, and these invaders are presented as heroes.
Invaders did not come to Bharat to serve; they came to loot and attempted to convert everyone to Islam.
If they were such great people, why did they not prosper in their own lands?
They came from Central Asia and the Middle East.
Muslim invaders came for looting and conversion, just as the British came to extract all wealth.
Without knowing the true history, please do not portray these invaders as heroes.
😑😑 Winston Churchill, under whose governance millions of Bengali people starved to death, was awarded the -> Nobel Prize.
If Hitler had won, he would have also been awarded the Nobel Prize.
Those in power manipulate history to suit their own narrative. Now, this version of history is established.
India is late to the party when it comes to extracting benefits of Industry 1.0 - 4.0. India till date has not invested in Innovation economy. The major draw back its definition of luxury, money and economics. Government drags the country down by imposing high taxes whether internal, import ir external. While Indian politicians think 5 Trillion Dollars or 10 Trillion Dollars is a great achievement in reality the potential to grow is as high as 50 Trillion dollars in next 50 years.
Way to whitewash British colonialism😂
India largely has a very good standard of living, good per capita income through out the history before Islamic Invasion
Indias decline in per capita income begins from 11th century because of Islamic Invasion, collapse of traditional governance structure and concentration of wealth in hands of few Islamic rulers but industry and skills never migrated to other geography,
In 17th century deindustrialisation of India started by Britain which dropped Indias share in global GDP from 27% to 2 % in 1947 when British left India.
Good knowledge bhai. ❤@@karolbagh3793
@@karolbagh3793India did had good living in mauryavamd Gupta Era while rest other kingdoms such as gurjara prathihara etc indias performance was not good only these two kingdoms in north belt were good and then came Mughals who again made it to next level
And btw bemgal sultanate once richest in world
Ahmednagar sultanate(ruler was a hindu Brahman revert) once made ahmed Nagar richest in India
Under Tipu sultan mysore surpassed benagl into becaome on of richest in India(though bengal had 50% of mughal economy
And in 1947 hyderabad state under Mir osman ali khan the great was richest state of India also
So if you tag islamic rule were bad yes some rulers were bad but many were good too like hindu kingdoms such as Gupta, Maurya, vijaynagara , etc ... were good amd rest were average or worst .
Same applies here to muslim rulers some were from outside some were native muslim rulers
@ShafqatjahanTabassum not to insult u but after 1947,why are there muslims in india after the country is divided to 3 parts based on religion ,u may be bangladeshi, u know about noakhali massacre
@@ShafqatjahanTabassumstop hating poor abdul , we know your country is poor and so you hate India’s growth and prosperity…. Pity for you
2:10 I think you're misinformed about the damage the British did to the Indian economy. Read the "inglorious empire" by Indian MP, Shashi Tharoor. The British followed a policy of deliberate destruction of Indian industry and using it as a market for british goods as well as causing famines by forcing farmers on the margins to grow cash crops instead of food. The total amoun the British looted was estimated to be $45 trillion dollars in contemporary terms.
That number itself is very debatable. But yes the british did drain the region. However the economic stagnation, before the british arrival, is also true. The mughal empire was in decline and the region was marred with internal and external conflicts. It's a big reason why the british easily conquered india.
Taroor likewise defends the islamic invaders and their towers of skulls
thanks for sharing! There's a long, very complicated history of India and that particular part wasn't an area I went too deep into (because it wasn't the focus of my video), but I wanted to mention it as its obviously a meaningful point in the timeline. I'll be sure to go deeper on it another time. Thank you for watching and commenting!
@@HamishHodderthat particular part of India really matters and cause of downfall of Indian economy,I think you're purposefully not want to cover what British Empire did to India.
@@TheSodominion If you think brits took India from Mughals, you are very wrong!
And, figure is not debatable it's based on an actual research you dummy ☺
$45 Trillion was taken from India by Britain over 200 years of rule
That's why Britain is wealthy today
The only reason India exists as a modern country is cause of British colonialism. Chill out colonialism and imperialism is the rule not the exception in history.
Return the stolen treasures.
@@ric6074
What will you do when Britain falls and becomes englendstan. You think the Muslims that replace it will be push overs ?
The dude just breezed passed the colonial thing like anything😂😂
India largely has a very good standard of living, good per capita income through out the history before Islamic Invasion
Indias decline in per capita income begins from 11th century because of Islamic Invasion, collapse of traditional governance structure and concentration of wealth in hands of few Islamic rulers but industry and skills never migrated to other geography,
In 17th century deindustrialisation of India started by Britain which dropped Indias share in global GDP from 27% to 2 % in 1947 when British left India.
The purpose of the video is about post indepence economic growth
@@karolbagh3793India did had good living in mauryavamd Gupta Era while rest other kingdoms such as gurjara prathihara etc indias performance was not good only these two kingdoms in north belt were good and then came Mughals who again made it to next level
And btw bemgal sultanate once richest in world
Ahmednagar sultanate(ruler was a hindu Brahman revert) once made ahmed Nagar richest in India
Under Tipu sultan mysore surpassed benagl into becaome on of richest in India(though bengal had 50% of mughal economy
And in 1947 hyderabad state under Mir osman ali khan the great was richest state of India also
So if you tag islamic rule were bad yes some rulers were bad but many were good too like hindu kingdoms such as Gupta, Maurya, vijaynagara , etc ... were good amd rest were average or worst .
Same applies here to muslim rulers some were from outside some were native muslim rulers
@@ShafqatjahanTabassumI am sorry to say, but whatever you said the Bharat didn't had any good living conditions is just wrong in so many levels. I don't have the will to explain all these to you, but the Mughals only looted from Indian states to increase there wealth, not to surprised given looting was the main reason why Mughals came to India.
Bharat held 1/3 of the world's economy in the pre colonial era, and yes that also includes Mughal invasion. Mughals didn't did much than just to feed off the indian states huge golden vaults. Bengal was always rich even before Muslim rule came in.
Also I do agree there were some good Mughal kings too, like siraj uddulah from Bengal and Akbar, BUT 95% of the Mughals were barberic invaders who only looted, converted and ruled over common people.
@@rickgolder6818 lol read my comment again fool
How the hell are you responding so blatantly where did I say india was not rich??
Mughls were indian only babur Humayun were outsiders rest were born from hindu mothers
Also 95 of mughals were bad lol you are really a brainless zombie
Looting of definition is diff and mughals looted where did they send?? Yes they were rich and made rich and spent here like many hindu kings were they not rich ??
Bengal was rich during Pala it had golden age and it was agin revived by bengal sultanate that golden age it was under muslim how many empires came and went after Pala and before Pala who were not as good be it Muslims or hindu and then bengal sultanate under a hindu convert man had it's golden age again .
Also Gupta was golden Era then why was , Yadav kingdom or gurjara prathihara and other bad ?though they hindu ??
Gupta was golden most of of India like wise mughals revived it again
Like wise Tipu revived in south surpassing bengal
Like wise ahmednagar sultanate richest empire if deccan
And no 95% muslim rulers were good only 5% were bad
India is currently at the position that china was 15 years ago. The indian growth from here on will be spectacular.
i hope the india stock market will give us a big correction / crash so we can enter low like 30-50% would be awesome for our generation !
Nope it’s actually behind 20 to 23 years, due to the hard push from Bill Clinton for the entry of China in WTO that time China economy was 3 trillion dollars, right now India’s economy is around 3.7 trillion dollars so we can the difference, In fact it was China that ultimate major beneficiary of Globalisation and liberalisation policies of WTO.
its like 2007,2008 china
Only difference will be CHINESE DEVELOPMENT generated jobs for youth while INDIAN GROWTH mostly comes from TERITIARY SECTOR
@@suvosingho-pp9xfno its like china in 2004.
India's GDP growth in FY 2023-2024.
Q1 (Apr-June,23) - 8.2% {Revised}
Q2 (July-Sep,23) - 8.1% {Revised}
Q3 (Oct-Dec,23) - 8.4%
Overall GDP growth in FY24 could be more than 8% with Q4 performing well. Hope to see India surprising everyone with 10% growth in next 2 years
This 8% has finally been achieved now in the 10th year (although the last 9 years were pretty weak. So the average is pretty ordinary.) So absolutely it is doable, was done. and is being done. *The sad thing is in the last 9 years we were at a mediocre growth rate*. And so we still are at rank 120, unemployment is terrible, and inflation is mind-boggling.
Hey bot you should also mention the fact that there were COVID, plus india was growing at a much larger base. So STFU
@@user-xd9xy5yl9lfacts from a$s 🤡 what about global recession and COVID??🤡🤡 And avg inflation in India is 5.5% in ten yrs 🤡🤡
inflation is fine its 5-6%,it will do ntg to our economy@@user-xd9xy5yl9l
@user-xd9xy5yl9 because the government was incompetent in many sectors, despite all the socialism they couldn't gather the moral courage fo stand their ground on reforming the agriculture sector they withdrew the laws.
India oct to dec GDP growth rate 8.4 % amazing , insane what a growth!!!!!❤
Wow. How meticulously you DID NOT mention that the Brits looted 42 Trillion dollars worth of resources during their colonization of India..leaving the biggest economy of the world in shambles. They did not introduce anything new in the country either. Have there been no Brits, that technology too would have been indigenously developed here in India itself. We have no shortage of good minds.
Bro nobody wants to face the emotion of guilt. They are very attached to pride emotion. Reflects in their bazzball and sports as well.
你樓上是45萬億，3萬億被你貪污了嗎印度人？
@@user-sw3dd8ic4g how was Japanese 😊
❤
Damn, We all Should Invest in India. I can see a very huge return in Furture. 🔥
Since last 10 years Indian stock market continuosly gave 10% return (highest in the World)...we overtook hong kong stock exchange a month ago
I have invested in stocks, and its giving me very handsome interest, above 10%, I m hoping for 12-13% soon
@@kingrichards9295i have invested in MF sip for the past 1 year i have got 24% return😂😂
@@kingrichards9295 What kind of business you do, me and my family also want to fins some chances in india which has BIG potential, maybe we can find some ways and make a cooperation,
Britishers looted trillions of money from india even Britishers even not have shame still there museums are filled with our historical things not returning back to us
And still those people are proud of some pennies they spent in India in the form of aid to churches and missionaries for Christianity not for people 😢😢
I think you missed how India's economic collapse coincided with British East India Companys rise in mid 1700s. Please do not downplay the effect of British imperialism on India. UK rose at the cost of draining India and its people. But, no worries. Old trees do not die so easy. India is starting to blossom again.
British took all the resources from India in name of East India company and sold as their own. It is not India was on decline. Research first before conveying lies online.
This gov is not aiming for single digit growth.2030 is not correct . i think we'r going to be 3rd largest before 2028. this quarter was 8.4 percent .
100%
My Prediction is 2027/28 financial year
@@nxp2619my prediction we will be 3rd largest in FY 2024-25 or 2025-26
Double digit growth
"India isn't just getting better; it's reclaiming its ancient greatness."🇮🇳🇮🇳
Including Kamasutra
Manufacturing is exploding in india
No cap
From defense manufacturing to semiconductors everything is exploding
Today just in one day 4 semi conductor fabs are passed by cabinet
Modi hai toh mumkin hai 🔥🇮🇳
😊😊😊
Jai Shree Ram Jai Congress 🙌🏽🙏🏽
@@IndiaAgainstSlaveryIAS Mashallah bjp will win 2024 elections 👍😉
@@IndiaAgainstSlaveryIAS😂😂😂 Khangress is islamic party 😂😂😂
Abe. Hatt it was because of the liberalization in 1999.
I truly think India will be one of the Great Powers of the future. Unlike China, India has a lot of people of all kind: old, middle-age, and young. And they still have so many opportunities for grow. Thank you for the video, Hamish. We love to watch you on any topic!
thank you for watching!
Too early to say anything, we still have a lot to work on.
India largely has a very good standard of living, good per capita income through out the history before Islamic Invasion
Indias decline in per capita income begins from 11th century because of Islamic Invasion, collapse of traditional governance structure and concentration of wealth in hands of few Islamic rulers but industry and skills never migrated to other geography,
In 17th century deindustrialisation of India started by Britain which dropped Indias share in global GDP from 27% to 2 % in 1947 when British left India.
@@karolbagh3793India did had good living in mauryavamd Gupta Era while rest other kingdoms such as gurjara prathihara etc indias performance was not good only these two kingdoms in north belt were good and then came Mughals who again made it to next level
And btw bemgal sultanate once richest in world
Ahmednagar sultanate(ruler was a hindu Brahman revert) once made ahmed Nagar richest in India
Under Tipu sultan mysore surpassed benagl into becaome on of richest in India(though bengal had 50% of mughal economy
And in 1947 hyderabad state under Mir osman ali khan the great was richest state of India also
So if you tag islamic rule were bad yes some rulers were bad but many were good too like hindu kingdoms such as Gupta, Maurya, vijaynagara , etc ... were good amd rest were average or worst .
Same applies here to muslim rulers some were from outside some were native muslim rulers
@@ShafqatjahanTabassum The Mughals literally carried out the largest genocide in human history. That is not "raising" standards of living in my book.
75% India ruled by Martha Empire
India did had good living in mauryavamd Gupta Era while rest other kingdoms such as gurjara prathihara etc indias performance was not good only these two kingdoms in north belt were good and then came Mughals who again made it to next level
And btw bemgal sultanate once richest in world
Ahmednagar sultanate(ruler was a hindu Brahman revert) once made ahmed Nagar richest in India
Under Tipu sultan mysore surpassed benagl into becaome on of richest in India(though bengal had 50% of mughal economy
And in 1947 hyderabad state under Mir osman ali khan the great was richest state of India also
So if you tag islamic rule were bad yes some rulers were bad but many were good too like hindu kingdoms such as Gupta, Maurya, vijaynagara , etc ... were good amd rest were average or worst .
Same applies here to muslim rulers some were from outside some were native muslim rulers
No more like 65% not 75%
95% under Aurnazeb the conquere amd Ashoka the great
And 90% under Delhi sultanate(Alauddin khilji the warrior and tughlaq the fool )
And rest 75% under Gupta, etc empires ......
@@ShafqatjahanTabassumnice joke
@@ShafqatjahanTabassumhistory in madarsa 🤡🤡
Bro casually skipping the biggest reason for India's gdp fall
"Britishers came to India" - That's what happened.
Moghuls were not us. Izlam waas not us.
In the beginning of common era there were no Moghuls no Izlam but still we had aaa third of World GDP
India did had good living in mauryavamd Gupta Era while rest other kingdoms such as gurjara prathihara etc indias performance was not good only these two kingdoms in north belt were good and then came Mughals who again made it to next level
And btw bemgal sultanate once richest in world
Ahmednagar sultanate(ruler was a hindu Brahman revert) once made ahmed Nagar richest in India
Under Tipu sultan mysore surpassed benagl into becaome on of richest in India(though bengal had 50% of mughal economy
And in 1947 hyderabad state under Mir osman ali khan the great was richest state of India also
So if you tag islamic rule were bad yes some rulers were bad but many were good too like hindu kingdoms such as Gupta, Maurya, vijaynagara , etc ... were good amd rest were average or worst .
Same applies here to muslim rulers some were from outside some were native muslim rulers
Yeah He doesn't even know that during 18 century India was Ruled by Marathas and Not Mughals.
@@ShafqatjahanTabassumMysore was never richest, show some evidence to backup your claim. Hyderabad nizaam was richest man not his state he become richest after Taking everything from common people and that's why there was uproar for libration.
@@faaramknight9110 lol 😆 man don't be ignorant hyderabad nizam and hyderabad state was richest and
Mysore decently surpassed mlbengal or became every richest province wait I will give you source
@@faaramknight9110 you don't know history so you should be ashamed to even question Saheed Tipu sultan the great (Tiger of myosre )
The peak of Mysore's economic power was under Tipu Sultan in the late 18th century. Along with his father Hyder Ali, he embarked on an ambitious program of economic development, aiming to increase the wealth and revenue of Mysore.[58] Under his reign, Mysore overtook Bengal Subah as India's dominant economic power, with highly productive agriculture and textile manufacturing.[59] Mysore's average income was five times higher than subsistence level at the time
Source :- Parthasarathi, Prasannan (2011). Why Europe Grew Rich and Asia Did Not: Global Economic Divergence, 1600-1850. Pg no.45
Britain killed 4 million Indians in Bengal in 1943 by imposing a famine
It's one very big famine ,but there were many small scale famine tòo
India did had good living in mauryavamd Gupta Era while rest other kingdoms such as gurjara prathihara etc indias performance was not good only these two kingdoms in north belt were good and then came Mughals who again made it to next level
And btw bemgal sultanate once richest in world
Ahmednagar sultanate(ruler was a hindu Brahman revert) once made ahmed Nagar richest in India
Under Tipu sultan mysore surpassed benagl into becaome on of richest in India(though bengal had 50% of mughal economy
And in 1947 hyderabad state under Mir osman ali khan the great was richest state of India also
So if you tag islamic rule were bad yes some rulers were bad but many were good too like hindu kingdoms such as Gupta, Maurya, vijaynagara , etc ... were good amd rest were average or worst .
Same applies here to muslim rulers some were from outside some were native muslim rulers
@@ShafqatjahanTabassum Gupta kal is golden age of India not Mughal kal.
@@Saurabh_Utter-Pradesh no many empires from bengal sultanate golden age of bengal and Pala empire golden age of bemgal
Gupta empire golden age of north India and mughal golden age of north and deccan India,
Vijaynagara golden age of south ,
Chola golden age of south , Myosre sultanate under Tipu golden age of south(coz it surpassed bengal under Tipus reign and became most rich region of that time)
And many more ....
gdp growth rate now published was 8.4% no other major economy is even close to india .... do u think what happened in china in 2007 2008 is happening in india now ?
No during 2005-2012 yuan rose rapidly against dollar + GDP growth was 12-14% so it was more like 25% growth becuase yuan rose from 8.5 to 6 per dollar in few years so it was more like 25% growth for china in those times.
India is not on same phase as China because rupee is constantly falling. If india to grow like China, first bring dollar to 60-70 rupees and gdp growth to 10%
@@Pandora21285 well they had huge momentum as they were growing 8 % 9% in 2002 2003 so due to that momentum there stock market went very high , still today their stock peak was in 2007 .... i believe india will 7.8% overal this fy. indias stock market is alreay 4.3 trillion dollars now just 2 months back it was 4 so imagine at the end of this year ... we have momentum now , fd is increasing . after IMEC is developed we can cross 10% for sure ,,,, but lets see i m being too optimistic
Q3 GDP growth rate of 8.4% for 2023-24
Fastest in the world
I’m currently in India I will say it is incredible how progressed things are compared to what I thought they’d be beforehand, infrastructure, globalisation. Etc. great informative video hamish 👍🏼
I'd recommend trying the metro systems, there are so far 16 cities with metros and half a dozen more cities having it built
India did had good living in mauryavamd Gupta Era while rest other kingdoms such as gurjara prathihara etc indias performance was not good only these two kingdoms in north belt were good and then came Mughals who again made it to next level
And btw bemgal sultanate once richest in world
Ahmednagar sultanate(ruler was a hindu Brahman revert) once made ahmed Nagar richest in India
Under Tipu sultan mysore surpassed benagl into becaome on of richest in India(though bengal had 50% of mughal economy
And in 1947 hyderabad state under Mir osman ali khan the great was richest state of India also
So if you tag islamic rule were bad yes some rulers were bad but many were good too like hindu kingdoms such as Gupta, Maurya, vijaynagara , etc ... were good amd rest were average or worst .
Same applies here to muslim rulers some were from outside some were native muslim rulers
@@xijinpig8982 for sure i see them going up all around, will definitely be giving it go :)
There's still a ton of things we have to do, like solving our policy paralysis problem and freeing up our judiciary. But yeah things have improved a LOT in the last 10 years. We have very high hopes from the Modi govt for their next term.
India was always a knowledge economy and is now repositioning itself as the same after the British's destructive rule.
The British destroyed India's knowledge economy by outlawing their skills based education system and replacing it with a classroom education system which was designed to produce workers not entrepreneurs.
All the reversal is taking place now, with the biggest change planned during Modi3.0 term.
British developed india what the fuck is this 😂😂😂
Colonial hangover perhaps
I encourage you to physically visit India and look at the destruction the British have done in person. They destroyed the country like many others.
It’s just that Indians have survived and now live to tell the story unlike the indigenous populations from other territories in North America, South America and Australia.
Read your comments section, it’s not something to smile over blatantly.
I generally do not write or even attempt to write long comments in TH-cam videos. But here I will try. Please read:
1. India had a very painful history with deindustrialization, where the British heavily taxed India, forcibly destroyed Indian manufacturing and Indian products such as Muslin cloth and Chintz steel in order to turn India both into a hub from where it would buy its raw materials, create finished goods, then dump their products on Indian soil. This process was so severe they went to lengths as far as to smash the thumbs of weavers along with their mills. This report comes from a gentleman named William Bolt, who worked for the EIC. There is currently a debate whether this happened as a policy or if it was a single instance of it, or simply exaggeration, but given the things the British did to, for example, sharecroppers of Indigo (more on that later). Weavers, formerly wealthy, became beggars overnight. This contributed in a very large way to impoverish the richest province, Bengal province (current Assam, Bihar, West Bengal and Jharkhand) of India.
2. Bihar is a story so tragic it is almost funny in a cruel way. Once it was the seat of the greatest of Indian empires, a land blessed with water, fertile land and a centre of knowledge. It produced poets and statesmen once. Bihar was long a part of Bengal province, and there the British enacted the worst of their policies. Sharecroppers were forced to produce Indigo, a dye that is horrible for the fertility of the soil it is grown on, under a deeply unprofitable system called the Ryot system. Any sort of rebellion against it was met with tremendous violence. When the British banned slavery, they kidnapped workers, again mainly from parts of Bihar and Uttar Pradesh, to take them to the West Indies for forced labour. Which is why India and the West Indies have a shared root there. Names like Shiv Narayan became Sivnarain because the people recording them when they were forced off the ships didnt speak a lick of Hindi. Later, post independence, Bihar was deeply let down by the then administration, especially socialist idealist Nehru's disastrous freight equalization policy, which deindustrialized the eastern part of India in order to 'equalize' the distribution of freight and goods in all states. Not just that there were policies that food crops grown in a state could only be sold in that state, I don't understand the logic behind it and ask my socialist friends to educate me on that topic. Bihar slowly descended into a system called internally 'Jungle Raaj' or 'Gunda Raaj', while the authorities sat there seemingly unconcerned about much other than keeping themselves in power. In this system, criminal elements wielded political power in the state, carried out their crimes openly, and looted the people both institutionally and otherwise. As a result, Bihar remained underdeveloped and poor, and due to the violence and constant movement out of state Bihar was reduced to just a source of outward moving cheap day labour. A particular thief by the name of Lalu Prasad Yadav is very well known. Look him up if you want to know how horrible a politician in a Democracy can become. He sunk so low he even stole the money allotted for cattle feed.
3. Inequality has existed in India since its independence, when the Nehruvian socialism entailed India remain a closed off economy with extremely high taxes, along with that, private enterprise was institutionally disincentivized. In order to start a private enterprise one would need to jump through fifteen thousand hoops, or know someone important or be related to someone important. This introduced what was called 'License Raaj'. Almost certainly this is one of the steps that institutionalized corruption in the country, and ensured no one could feasibly work their way up via entrepreneurship or disruption of business. You'd be dependent on bureaucracy and licenses to start a business. Presently, the state of inequality is a lot better. Yes the rich do get richer at an exponential rate, however, with perhaps the highest corporate taxes in the world, a tax rate of around 30% on the top slab of earners in the country, a flat Goods and Services tax of upto another 28%, a PDS system for food stockpiling in order to ensure food security and various protectionist, distributive and other such measures (for which India often has to debate in the WTO), I would say the inequality is being addressed, if you ask me, a taxpayer, pretty harshly. But given that my taxes now go to things such as capital expenditure on infrastructure and subsidies on starting manufacturing, it stings a lot less than it did before.
4. Governments before the current NDA, mostly led by Congress party in a sort of feudal parent to child family operated business, were very well known for the open level of corruption and disastrous, often self harming Foreign Policy to earn Brownie points from Ideologues and Western media. From the Bofors gun scam, to Commonwealth games scam, to 2G scam, Coal scam...they could probably write a book on how to operate a Kleptocracy. Plus the Indus water treaty, rejecting a seat on the UNSC, simping for a China that openly disregarded it. I am however, not blind and deaf, corruption still isn't fully gone and exists in bureaucracy and government infrastructure like rot. However, work is actually getting done to fix that. Which is extremely frustrating, because I now understand how far ahead we would have been if we had any actually decent leadership before. Ironically, now that they are in the opposition the Congress party, serial violators of the sanctity of both politics and democracy, they who in the 70s declared an unlawful Emergency and suspended even the Right to Life, and enacted horrible violence on their political rivals, now claim Democracy is being butchered. If your memory goes back to more than 10 years, such a statement sounds like a bad joke. That being said, the Supreme Court of India is a great institution and monumental in keeping its Democracy a Democracy, along with a military that has served faithfully without any attempts at a coup.
India did had good living in mauryavamd Gupta Era while rest other kingdoms such as gurjara prathihara etc indias performance was not good only these two kingdoms in north belt were good and then came Mughals who again made it to next level
And btw bemgal sultanate once richest in world
Ahmednagar sultanate(ruler was a hindu Brahman revert) once made ahmed Nagar richest in India
Under Tipu sultan mysore surpassed benagl into becaome on of richest in India(though bengal had 50% of mughal economy
And in 1947 hyderabad state under Mir osman ali khan the great was richest state of India also
So if you tag islamic rule were bad yes some rulers were bad but many were good too like hindu kingdoms such as Gupta, Maurya, vijaynagara , etc ... were good amd rest were average or worst .
Same applies here to muslim rulers some were from outside some were native muslim rulers
I don't understand why you bring a Hindu-Muslim angle to it. Everything I mentioned was in reference to the video and concerned only British rule in India.
Those who do not know Indian history seem to think they have the sole right to tell it, I see how it is. Southern India is a huge reason behind resisting the complete Islamization of India, the north suffered through brutal repression and slavery. The South in comparison had been very strong for very long. There were the Pandyas and the Cholas, especially the Cholas who had a thalassocratic empire spanning South East Asia. Later on there was Vijayanagar, which you glance over. Vijayanagar Empire was a shining light of civilization, the city of Hampi was so old it was even mentioned in Hindu puranas. This city, perhaps the richest in the world, and the second most populous, was burned to the ground by the Bahamani Sultanate. The only reason the Mughals couldn't improverish all of India was because they were a land power first, and their route of invasion was Afghanistan via the land route. If they could have, I have no doubt they would have taken it all.
The Mughals were a rapacious blight on the people of India. And ultimately they were beaten. By the Marathas, who are another southern kingdom, technically.
And the Hyderabad you speak of in 1947 unleashed the brutal Razakars on the mostly hindu population of the state in order to resist entry into India.
Bro just skipped the colonial part where all that wealth from India was transferred to UK(and later US)
Lets consider USA and Germany have same population like China and India, then check the per capita figure -
USA: GDP per capita for 1.4 billion = $185000
India: GDP per capita for 339 million = $11000
China: GDP per capita for 339 millon = $52000
Germany: GDP per capita for 339 million = $13000
Germany: GDP per capita for 1.4 billion = $3000
So, the problem arises in culture where asians like to live in extended strong families with less capita while westerns prefer not to share their income with their relatives to keep maintain quality of livelihood.
Wtf USA GDP Per capita now is 70k USD so how can their Per capita with 1.4 Billion population (almost 4x from current) be 180K USD 😂😂
Kitne creative ho
What does relation and culture and family have to do with the above information?
1757 is the year of Battle of Pallasey, when East Indian company started its rule over India, British ruled India for 200 years not 100 years. On 1858 there was the a Sepoy Mutiny on large scale after which the Queen of England decided to take power from the East Indian Company, to the Government. The era of the British looted India like none others, there were a lot of Arab rules like Khilji who looted India badly too, but the scale at which British did it was on a different level. There were atleast 5 to 7 great famines in the British era and they left nearly all Indians poor
1:19 It's not that they didn't. It's that they weren't let to do it by the colonizers (in this context, mainly British). India was systematically deindustrialised by the british. The once famous 'Muslin' cotton of India was banned from export to other nations (mainly Britain) through various tariffs, and then they destroyed the handlooms in India and cut the hands of people who made those cotton. All of this is well documented, sometimes even by Birtish themselves. They used India for all of its raw resources, sent India's resources to Britian to power their industries, and then dumoed their finished goods into india and flooded the market forcefully, all while destroying the local industries. Its not that India didn't advance technologically, it's that it wasn't let to advance. The first Iron Mill in India called TISCO had to struggle so much first to come into existence, and then to survive because of the inhumane rules by the British for limiting Indian industries. When a countey has money, they can easily buy into industrialisation. See Japan for example. But in case of India, all of its money were looted, and whatever was left was systematically destroyed to power the growth of Britain.
It’s #NewIndia
#JaiBharat
#JaiModiJi
#JaiHind
India 🇮🇳 was a golden bird in history and will be in the future too. ❤
18th and early 19th century Martha Empire ruled India not Mughal
The most underrated reforms of the Modi govt is Jan Vishwas Act. The act decriminalized around 40 provisions and removed imprisonment clauses from 27,000 acts (Eg: 2 years prison sentences for not maintaining a woefully outdated cholera registry.). Prior to the act, these laws were used by govt officials to solicit bribes. While License Raj went away in 1991, Inspector Raj remained until recently. Modi still has a lot of work ahead of him.
Today the news came out that India's 2024 growth rate is 8.4%! What an opportune moment for this video to come.
Hamish, I really enjoy those type of videos. Very happy to see them on your channel. I still would appreciate analysis and info on different stocks or industries, but keep the good work!
they builts"roads" and "canal".wow due just wooooooow
All credit goes to Narendra modi's policy
One of few unbiased videos out there about India's growth. Cheers mate
thank you!!
His coverage on british rule was totally ignorant and whitewashed (i don't want to say biased because i have no proof)
He's basically focused in present rising growth of India and didn't focus on British angle @@vetiarvind
India largely has a very good standard of living, good per capita income through out the history before Islamic Invasion
Indias decline in per capita income begins from 11th century because of Islamic Invasion, collapse of traditional governance structure and concentration of wealth in hands of few Islamic rulers but industry and skills never migrated to other geography,
In 17th century deindustrialisation of India started by Britain which dropped Indias share in global GDP from 27% to 2 % in 1947 when British left India.
@@karolbagh3793 India did had good living in mauryavamd Gupta Era while rest other kingdoms such as gurjara prathihara etc indias performance was not good only these two kingdoms in north belt were good and then came Mughals who again made it to next level
And btw bemgal sultanate once richest in world
Ahmednagar sultanate(ruler was a hindu Brahman revert) once made ahmed Nagar richest in India
Under Tipu sultan mysore surpassed benagl into becaome on of richest in India(though bengal had 50% of mughal economy
And in 1947 hyderabad state under Mir osman ali khan the great was richest state of India also
So if you tag islamic rule were bad yes some rulers were bad but many were good too like hindu kingdoms such as Gupta, Maurya, vijaynagara , etc ... were good amd rest were average or worst .
Same applies here to muslim rulers some were from outside some were native muslim rulers
With every developed country and China facing an aging or declining population in comparison India’s economy should be helped with its demographic dividend of growing population and younger workforce.
India largely has a very good standard of living, good per capita income through out the history before Islamic Invasion
Indias decline in per capita income begins from 11th century because of Islamic Invasion, collapse of traditional governance structure and concentration of wealth in hands of few Islamic rulers but industry and skills never migrated to other geography,
In 17th century deindustrialisation of India started by Britain which dropped Indias share in global GDP from 27% to 2 % in 1947 when British left India.
@@karolbagh3793India did had good living in mauryavamd Gupta Era while rest other kingdoms such as gurjara prathihara etc indias performance was not good only these two kingdoms in north belt were good and then came Mughals who again made it to next level
And btw bemgal sultanate once richest in world
Ahmednagar sultanate(ruler was a hindu Brahman revert) once made ahmed Nagar richest in India
Under Tipu sultan mysore surpassed benagl into becaome on of richest in India(though bengal had 50% of mughal economy
And in 1947 hyderabad state under Mir osman ali khan the great was richest state of India also
So if you tag islamic rule were bad yes some rulers were bad but many were good too like hindu kingdoms such as Gupta, Maurya, vijaynagara , etc ... were good amd rest were average or worst .
Same applies here to muslim rulers some were from outside some were native muslim rulers
India would be a great ally of Australia in the years to come, i reckon.
Perhaps even surpassing India's close relations with the US.
I think Australia's most important ally in the future will be Indonesia, because they control nearly every entrance route to Australia. But beyond that, India and Japan would definitely be important allies.
Indians don't call anyone allies , India has partners
Ally is another word for satellite state in reality
@@pranavgandhar4604don't be salty bro chill
@@_Lucifer_. The indian government itself has claimed there's no need for allies lmao, he's just stating what they said, they don't want to be sean as colonialist so instead of using the term ally (which they seem as a satellite state) they use business partner instead to keep the links mutual
not allies maybe partners allies is you dictate terms and india will follow that aint happening cuz
he skipped 200 chapters of british rule in indians history book
Hamish, your commentary and content is fantastic! You deserve so much more subscribers. Thank you for the hard work you put into making these videos.
The biggest problem is that still more than 40% people are engaged in agriculture based economy and has a huge unemployed youth. This needs to change.
Great video!
While watching this video I felt india has better education standards than you bro😅😅 your history is another level.
How can you not mention the British... india's innovation atopped because british imposed high taxation on ifs farmers and artisians..
Your timeline is off. Europe industry revolution started because of colonisation. Where were they stealing resources from?
I am very appreciating your work. I always enjoy watching your videos and looking forward for new once.
Indian tycoons like Adani, Ambani, Tatas, Birlas, Mahindras should shed trader's mentality and spend money on research and development. If they support Indian scientists, in next 20 years India can truly become an economic super power.
@HamishHodder Truly a well researched content. Much appreciate the efforts taken by you. Thanks a lot!!!
It is ironic how the videos title says 'How India's economy became so powerful' but majority of the video speaks about the negative side of India. These people have figured out a way to milk TH-cam's algorithm to make more money from the Indian audience.
India unorganised sector is way too big to be captured in these graphs and data which many institutions were never able to get the grasp on.
Perfect review
Talking of inequality during Moghul era 0.0001% controlled 99.9999% of wealth
Thanks!
Yess actually in last 10yrs Govt has focussed high on infrastructure & manufacturing
Another good one Hamish Dalio
Forgot about the British colonization?
I love it how subtlety you underplayed the role of BritishRaj in India’s economic decline. You also highlighted that that British brought new technology to India and then you yourself went on to state that by the time British left..Indian contributed mere 4% of Global GDP. Clearly whatever ‘new technologies’ British brought to India made India poorer.
May India rise 🇮🇳
One mistake according to IMF India 's GDP is currently 4.114 Trillion Dollars.
I don't know why some people hates Modi i mean the guy has given so much to India i can't even imagine just in 10-11 years the whole world is appreciating India
5 trillion economy achieved by India in this year 2024
Not this but in 2026
There are multiple cities like GIFT city coming up in India. Kolkata's Newtown is showing similar growth trends and it is poised to become the Financial Hub of the entire south east Asia. With the upcoming deep sea port and steadily growing infrastructure and the availability of highspeed internet and other facilities Kolkata has become the fatsest growing city in IT services sector in India. Kolkata is geographically very close to the global cities of the South Eastern Asia and Singapore is definitely one of them. Investsting in this Kolkata's Financial Hub, is a win win situation for all parties.
Like the fair report, from India.👍
India was not innovating ,😂😂 dude in 1720 brits passed calico act to bann Indian fabric cause it was harming there industry .
👍👌 you missed two important points.
1. Modi government is giving free food to 800 million people. Foid is generally 70% of Indian middle class income. Indian middle class is 420 million. That means our poor don't have to work for food. Hence, any thing earned is for other reasons.
2. Our 500 million are covered under medical insurance by government upto USD 6,000. On top of it generic medicines are 1 to 3 cent per tablet on an average. On that medicines in government are free including sanitary napkins for women. Now they plan to cover all above 70years under same medical insurance.
Recovering Power AND Economy !
We love you❤❤❤❤❤
Thanks for doing justice to India
i found it cute when he said when british came to india they developed its economy
Wow propaganda is on the next level in this video. 😅😅
Bro India was under British rule or under the "EAST INDIA COMPANY" century ago before 1858.
From there onwards we started declining but.
We had a rebellion in 1857 by our people against the British, who were serving under The EAST INDIA COMPANY. They almost succeeded but later the British directly involved and crushed the rebellion, so after that we were under Direct British Rule.
And they built railway only to extract raw material from inter land to port then directly to their country.
I know you know that but you tried to downplay or censor that part.
KARMA will get you one day.😂
New Delhi: India is a median 16.5 years behind China on broad business and economic parameters, according to latest research by brokerage firm Bernstein, Business Standard reported
Aab kuch log isko bhi Andhbhakta bolenge😂😂
If India moves ahead with 10% GDP growth, then India's economy will become 10 trillion by 2030, but for 10% growth, India will have to work very hard on export, manufacturing, export infrastructure.
If it can be achieved in India then by 2047 India's economy will reach Rs 35 trillionIf it can be achieved in India then by 2047 India's economy will reach Rs 35 trillion. If it can be achieved in India then by 2047 India's economy will be worth Rs 35 trillion. It is expected that it will happen.😊😊😊
Really like the video
0:17
That is NEPAL's Royal Family pic on the left
NOT india
Also at 1:00 that's Swayambhu of Nepal
India and China have almost the same GDP in the 1990 at over 300 billions. Today China GDP is 6 times larger than that of India.
As of 2024, India's nominal GDP is $4.11 trillion and China's GDP is $18.56 trillion. Today China's GDP is 4.5 times larger than India (not 6 times).
@@matgranger5061 india failed to reach the 4 trillions mark. The Congress on November 20 said senior Union Ministers from poll-bound States like Rajasthan and Telangana shared “bogus and fake news” that India’s Gross Domestic Product (GDP) has crossed the four-trillion dollar mark only to generate euphoria and headline management.
@@cherubimcherubim9515 India's GDP has already crossed $ 4 trillion. Stop being delusional.
@@matgranger5061 it's a 50 cent ccp bot, ignore
brother inflation % growth in india is fine, infact it is great and if u consider the global circumstances it is excellent
INDIA rocking😮😮😮.
Not 1858 but from 1600 onwards British EIC came to india for trade and after The Battle of Plassey they began their plunder. Please correct yourself.
You are the first whom I found the same my name Hamish and I'm from India 😊😊
British won war with Indian territories... Indians should not cry.. British were better equipped.. They took what they needed.. Make defense strong..dont infight..
India is arriving. India will not ask the world to bow down but
Show Some Respect 🇮🇳
Modi is really a great leader
My india 🙏🙏🙏🙏🙏🙏🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳
Good one, Hamish! Great work, for papering over the effects of the extraction of $45 TRILLION of wealth from Bharat, that was colonised India, by the British Empire. That is the cruel extraction of $22,500 of wealth from every one of the 2 billion men, women and children alive in South Asia today. Keep up the good work for the USD Empire!
Our quarter 3 GDP comes 8.4% ....kudos to the dictator of Bharat and we are loving this dictatorship ❤❤🇮🇳🇮🇳
Study IQ student 😊
😑
East India company started dominanting trade in 18th century in india and indias share in global GDP at the same time. Wonder why this coincidence occured
before britishers - India's world gdp contribution - 23%
After britishers - India's contribution - 2.5%
But britishers modernize India 😂😂😂......The biggest millennium joke 😂
idk about British farming tech but I am sure Indians knew how to make canals before the British came in. The Hindu king of the Chola empire split the river into a vast delta. that was the 2nd century AD. Apart from that British legacy of bureaucracy and judiciary still plaguing India's growth. Earlier it used to serve white British sahebs now it serves brown sahebs. You also have to talk about the enemy nation Pakistan created by Britishers on the border of India to control India. We had 4 wars with them and the British, the USA, and China backed them up. The same reason India had to make nukes.
1700 was when the decline of Mughal Empire and growth of East India Company started.
India grew 8.4% in Q3 of the current financial year. No any major economy in the world is even close to India's growth rate.......


india third quarter GDP growth data is recently came out and its was 8.4% 💥, projected GDP grwoth for 23-24 is above 8%
India need fast growth, even or uneven doesn't matter that much, because in both cases lower half will grow at same level, only difference will be govt income won't grow.
For ur context top 0.3% pay 76% direct tax 😅 .. So as a citizen who enjoy on these taxes we need those top 1% to grow as fast as they can. Less than 5% file for income tax & only around 2-3% actually apys something
Another problem in these figures is that people of Bihar and Uttar Pradesh lives in big cities of other states hence they earn more but these figures dont show the truth.