@@kurikingfinance sorry for writing ........tabhi baniya ki dukaan band ho gayi ...Bigbazar gone now ...where Demart is Rock Solid ...New player like Amazion , Flipkart touching new height ........ Okay Dude if Mr Biyani is that Genius ......and American Investor, consulting Companies & Indian Government , Flipkart , Amazon etc etc , Mukesh Ambani pushing Money to build Jio Ecosystem like Crazy .....giving Free IPL watch all these Folks or simple everyone is fool ...than can you explain why Big Bazar is shutdown all of sudden if Mr Biyani is Genius ...it because when you are to Stubborn with your own Mindset ....not to listen others.... that market is Changing ...than you see the debacle like Big bazar ....i know many flaws with Indian Market today .....but go and Check Mukesh Amabni Speech , Gautam Adani Sppech , Satya Nadella Sunder Pichai Speech ....IMF Gita gopinathan interview.... world Bank speech ...every one is saying & Bullish on Indian Growth talking about Indian century ...even Biden Invited PM Modi personally , Australian PM call India is a Boss ...all these thing are Bullshit right ....some People like Biyani who lost their Mind think every thing is nonsense ... becoz Gadhe yehi sochta hai baki sad gadhey hai ....Dude just check the Indian Stock exchange is touching 60000 insane .....in 2000 it was 5000 only ....
I think the biggest challenge happens when "you try to create business in india which is so diverse , and by using Western tactics which is unanimous in nature". That is why it is important to have macroeconomics.
yes the content is top class. But without the interaction/discussion without the fellow classmate you cannot internalize the learning or see from different lens. Thats a big difference.
Kishore Biyani was a very fresh addition vs all other startup jargons/theories. Love the temple Economy, saying no value addition in GDP to the farmer income point. Very Practical pointers by him. Love it!
@@travelwithhoney1830 i think you missed the entire point of what he said There are more people engaged in farming in India than what is required which results in inefficiencies. It's not a criticism of the farmers
@@travelwithhoney1830where are farmers going? Even if they are going, let them go. Farms will get larger and machines will farm them. Look at per acre output of other countries.
@@travelwithhoney1830 One agricultural engineer will fuck up millions of Farmers. If farmers are so required why do majority of them make no money and go in debt even when farmer class gets the most tax write-offs, financial aid and public sympathy. Meanwhile look at the earnings of big farmers, farming aggregators like Monsanto. They're practically printing money. No farmer no food is a beaten talking point that only poor people keep thinking as true
With Continuation to this episode, could you please invite Dr. Manmohan Singh to discuss micro and macroeconomics? And how we survived the 2008 economic crisis which affected the EU and the Americas. His podcast will enrich the playlist despite his busy schedule for the 2024 elections.
@@sonicscorpian take advice from who failed he has more wisdom a d ways to fail so you know. He failed because he lacked financial muscle and business sense not fraud
@@rajanpatadiya5428 lacked financial muscle? Future group total debt is over Rs. 29000 cr. So you are saying it is ok to take tax payers and investors money and then say ohh it is all gone? Also you are saying he doesn't have business sense and also taking his wisdom? Window of what? How to take loan and dont pay back ever?
@sonicscorpian I was too investor and I lost. Every investor knows business risk even lenders know it so they charge interest rate higher than government bond. If he has taken money and transferred in his account then it is issue else not. Risk premium takes care of loss . Same will happen some day with vodafone idea too it is case of business failure not fraud.
@@rajanpatadiya5428 did I say anything about fraud? I Never mentioned the word fraud, you are the one mentioning fraud in all the comments. I am saying who will take responsibility? It is us only, who will pay more taxes to recover there money for government and banks. And it is us only who will appreciate sure person. But we forget that the money is not gone, it will be recovered by government and banks from us tax payers !!! So choose who you follow as idiol or taking wisdom from.
One thing i can say by watching this clip is that Nikhil Kamath is clear in his thinking. Others age entangled but he is clear. Clearity makes charecter
I agree , we are not heavy spender like people in the west . My uncle has a good job but still uses his old bike (platina) . My dad still uses cycle for commuting to office .
Kishore biyani sir experience and wisdom is what I needed. I just started my retail company and i needed his insights and way of thinking to operate retail at such scale. Massive thank you to nikhil sir. ❤❤.
Seriously bro thank you so much for adding english subtitles. When the conversation shifted to hindi on a few occasions, I was panicked, but happy to find subtitle attached. Once again thankyou hundred time for being considerate.
Kishore Biyani really put things in perspective as far as the demand side estimation of economics is concerned by separating the Indian consumer in 3 segments, the hoax of unlimited demand is real!!!
Totally disagree! The idea of unlimited demand is not a hoax. The so called 3 India’s isn’t rigid and set in stone. Consumer class doesn’t mean urban tier 1-2 residents only. It’s a function of earning power only. When the poor get money in their pocket they spend it immediately and this is true of the poor the world over. In just one growing season you can propel a farmer from poor to someone who has spending power by simply changing the crop he’s growing. 1/3 of US farmers are engaged in growing crops for bio fuels.
@@Motivation-qf5ggplease travel to teir 2-3 cities. You'll automatically see the consumption difference on the road. People just don't spend as compared to teir 1 cities like Bangalore. Ex : go to Ajmer, Bhopal, Agra and see their consumption.
That’s true, India is probably the worst place to start a business imo. Most of the people don’t have money, jinke paas hai unki g fatt jaati hai paise kharachne me. It’s a small percentage of people who are buying and supporting busiensses
@@ageless1003 i am not saying its Indian public fault. It’s nobody’s fault actually . It is what it is. If I am looking to start a business, preferably online I will never target Indian audience. I will target those who have money (USA)
In India, do not believe in any number related to per capita income. You have no idea how many people who have a yearly income in crores, dont pay a single penny in tax. On paper, they are still India 3 but in consumption they are India 1.
Businessman or entrepreneur has a crystal clear ideas about business, policy, law, refund, replace and more consumer act. But We have to educate indian buyers as consumer, consumer law and many more to run business easy
Kishore Biyani ::While it is true that some farmers in certain regions may require assistance, it is important to note that farmers are not universally dependent on aid for their livelihoods. Agriculture is a diverse and complex sector, and the level of support needed varies depending on factors such as location, access to resources, market conditions, and government policies. Many farmers around the world are self-sufficient and able to sustain their operations without relying heavily on external aid. They earn income through the sale of their crops, livestock, or other agricultural products. However, there are cases where farmers face challenges that may necessitate aid or support. Even the Corporations need aid or support without which they cannot function.
One of my requests is to bring a couple of Students or young age entrepreneurs to ask questions which will turn this a podcast for viewers from all tiers of India and they'll learn.
Interesting to watch these discussions - however my comment is on part of the discussion regarding GDP. There has been a lot of talk regarding this topic specially after India becoming the 5th largest economy ahead of UK and the projections ahead towards 30 Trillion etc. Even if India grows consistently at an avg of 7%, it will take 30 years to get to 25 Trillion - so we are looking at around 2050 approx. But US is growing as well, and even if they grow at 2.5%, they will be at 50 Trillion. So when people say India will overtake US, I really don't see it happening anytime soon. And as rightly discussed the GDP per capita is the right comparative - where we are at 120th position. So its good to be happy that India is growing gradually, but there is a lot of work that needs to be done, and these 5th largest economy etc terms can be misleading.
I think as we grow , the Rate of Growth will gradually decrease beyond certain point bcz the base on which we calculate Rate will be much bigger. Rightly said about GDP , it’s a gross Illusionary number Only good for politics. Growth in per capita is the real progress.
@@studyAt6 exactly when 140 Cr people are contributing, it’s GDP figure will be more , no doubt about that. So comparing our economy with UK is really not a fair comparison, instead we should compare it with China. Another thing which people get confused about is the percentage at which the GDP is growing and compare it. 2% of 20 trillion is much more than 7 % of 3 trillion. So it’s not just the percentage, but how much is the value of that percentage is what matters.
When we say 7% growth, it's real growth means suppose we used to make 100 pens, so now we are making 107 pens. But you also have to consider inflation. So earlier our Gdp was 100*10(price of pen) = 1000 but now price of pen is 10.5. So, New GDP will be 107*10.5 = 1123.5. So in nominal terms gdp growth is 12.35%. But we also need to consider depreciation of rupee as compared to the dollar. Stronger rupee means high GDP numbers and vice versa.
@@vinayaksope4173 "Even if India grows consistently at an avg of 7%, it will take 30 years to get to 25 Trillion - so we are looking at around 2050 approx. But US is growing as well, and even if they grow at 2.5%, they will be at 50 Trillion. So when people say India will overtake US, I really don't see it happening anytime soon." You are right and to add into this, I think it will be near impossible to overtake USA reasons being, - The way US has dominated the global market and controls money - Poor global market capture by india - As the Indian GDP crosses 20 trillion dollars, the market will haevily stabilise as well as the economic growth fall to 2-3% (at that time catching up with US will be really hard for even 2% GDP growth) - Lack of institutional and bureaucratic genius decisions made by India even in near future.
India's GDP grew from 500 billion to 3 trillion in 20 years but what about inflation, that should also be considered. An item costing 100 is now costing 500. Growth is not that much fast.
True , even the world organisations classify people into tiers based on income ,there is a income threshold set for a global middle class too......,and the Indian middle class is no where near that threshold,until and unless it gets near to that threshold ,people won't have enough disposable income to actually drive a consumption economy ,most startups dont consider this when targeting Indian consumers
It was quite interesting to see Kishore Biyani on the other side of the table, would really like to see Nandan Nilekani, Marjolein Van Brandwijk, Ignatius Navil Noronha, and Mohnish Pabrai. I would really like to listen to them on following topics Nandan Nilekani: "Digital Transformation and Aadhaar: Shaping India's Future" Marjolein Van Brandwijk: "Sustainable Fashion: Rethinking the Industry" Ignatius Navil Noronha: "Future of Kirana: Post the dated idea of 10 Min Delivery" Mohnish Pabrai: "Value Investing and the Art of Decision Making" Hope if you can get them, or similar people to discuss on the topic
I got about 10% of this conversation honestly. It seems interesting how they discussed the whole indian economy around numbers with such an ease. Can anyone pls pinpoint some resources to learn more about the ECONOMICS they are referring to? It would be of great help. Thanks in advance!
Very Insightful! I too believe the accumulation of wealth into a very small portion of population will be the primary reason keeping India poor even after we complete this bull run ahead of us.
It depends upon the definition of poverty. People living rural areas live modest live that doesn't mean they are poor . It's mostly city people who are focusing on making and chasing money ( we are very materialistic) .
Next big thing should be creator's economy.Because indian population lacks creativity and thats why lack in value addition in economy. However creativity is not limited to good education only.Creativity comes naturally once a person starts expressing his art, knowledge, awareness. Creativity would lead to generate income at personal level with free thinking. This can create mass level creators and consumer class.
Kishore Biyani is the guest who should come more often .. and podcast with SRK will be amezing with some of the business minds as he is very witty and i always feel he is very good business acumen
Mindboggling. Like Shark Tank enlightening and aspiring. Make it creative with examples which is easy to understand to reach out more people 🤗. Subscribed.
This was the best part i liked nikhil.. whole lot of knowledge ... best thing nikhil i like is that you go to basics .. like how is per capita gdp calculated. You bring the best .. love your podcasts
Sir small request .. can u get perfect guide for young generation Because there is no perfect guide for startup beginners... We need complete basic to advanced.. like, if we have idea then what can i do it .. and what is the documentation process and how to pre calculation of profit and loss and when we prepare pitch deck and valuation process etc.., i hope that you got my point sir 👍🏻
Some experts like Solar man of India Mr.Solanki say decrease consumption, become Minimalist for protecting nature and reducing pollution, while as Kishore sir said Increase consumption for improving economy , What must exactly be done???
Listening to these legends is like attending mba class, always has to seat with pen and paper and taking some notes. I will be very thankful to Nikhil Sir, if he continues to keep these type of videos free 😝😝😬🤗
I have been thinking about setting up my own shop and my analysis was that India consumer market is not more than 200-250 million people. It is the Consultants working at the likes of Deloitte and the KPMG's who are delusional. Thank for you confirming my belief.
I don't agree with him . The india 2 is growing at much faster rate than ever . Specially In tier 2 and tier 3 cities even the house help starting to get there own house has amenities like fridge , TV mobile and someplace cars too there consumption is growing too
The thing is the products you have mentioned are all aspirational products for tier 2 population and 90% of aspirational products market is captured by big foreign companies be it cars,electronics,phones or anything per se. And if there’s an Indian company in that sector trying to provide those products it’s either playing on low price point strategy or has a very bad service. Only possible solution I can see is more and more capital investment by Indian investors for Indian companies that make good aspirational products, and maybe mindset change of Indian consumers towards Indian products
Hey Nikhil, in your future pod casts try and get a few smart politicians along with the other guests so they can show what the government is doing as well they can learn and see what New Bharat wants and the politicians can tweek/change policies and now it’s very very clear to win elections they need to work and make good policies. It’s slow change but that can happen thru influential people coming on your show +governments will to accept the new requirements thru these social media podcasts
Dear All, it's a gr8 podcast but our economy is growing bcoz of the poor n lower middle class ppl who dnt knw wer to spend..(This is d group who shops in Big Bazzar n Dmart) n as far as taxation is concern every Indian is paying taxes! ( Dream 11 players too😂)
4:22 India needs to consume more that's wrong , living here in North America I can say that Indian custmer is smart & here us consum high but quality of product or shelf life of the products like furniture it's fancy no doubt but not long lasting 😂
When Mr.Kishore asks how the money going to the India 2 and 3 through agro growth. It is the one that helps fund the human resource and education to expand India 1.
Around 50% of the India’s population earn less than 25k a month and around 80% per person family income is less than 15k and rich people want them to be a consumer of online market where everyone want to make profit. School, medicine and even proper food can’t afford these people. When it comes to giving money back to lower class people, rich prefer to move outside India. Just try to live in 25k monthly income then these people will understand how difficult it is. House rent in any city in not less than 7-8k for family.
We are not heavy spender like people in the west . My uncle has a good job but still uses his old bike (platina) . My dad still uses cycle for commuting to office .
Defence Industry is also a great opportunity especially with the government loosening its grip and promoting Indian products in the other countries of the global south.
I think Mr Biyani didn’t want to speak the harsh truth: we don’t have a next trend that will push the economy 😊 We have not invested in education - millions of graduates are unskilled and unemployable. We have not invested in manufacturing- most of the high value goods are imported, not made here. Therefore no job creation in that sector either. We don’t have competitive advantage in any sector - pharma, agriculture, banking services, or any other. We don’t even have the infrastructure to support a large economy and we lack the environment to support small businesses that can employ millions of people. Until millions in the country start to PRODUCE goods and value added services, they will remain poor without any disposable income. Poor people do not contribute to the economy- either as creators or as consumers. Only the top 10% people participate in the economy and it will remain so for a long time 😢
Among all the business and economics commentary, I didnt like the phrase "India has to consume. It has to increase the consuming". I feel it's a wrong direction considering our ethos is about minimalism and spirituality. What do you want to consume? Buy clothes every weekend even if not necessary, but use and throw plastic things, electronic waste, fast food?
The point here was that the level of value added consumption is very limited Promoting consumerism was not the point, the cyclical nature of consumption, lack of ad-valorem goods is what the video focused on I guess Also, ethics and morals cannot be the sole grounds to drive a business or the economy as a whole
Actually people are getting more information and also getting smarter top of that income also increaseing so future demand will increase no doubt. We can see triple or more GDP than current GDP in next 5 years.
what kind of consumption Indians has to increase as sir is talking about ? If i can buy 10 Tee shirts but i am buying only 2 to be sustainable, then am i consuming less (then is it good or bad for economy) ?
Watch the full episode - th-cam.com/video/UKag4LVAEdU/w-d-xo.html
Wonderful buddy, thank for making such great content. You have an euphonious voice btw.
Sir pls. Get Dr. Vallabh Bhansali of Enam Securites
Kishore Biyani's every statement was a gem and a 1000 words blog can be written on that. Temple economy, wedding economy. Consumption class.
Baniya buddhi
I havent seen a single temple feeding 10 people everyday
@@pmanificationit feed braman. The donation to temple goes to millions
@@pmanification I find that so weird cause I havent seen a single temple which doesn't.
@@kurikingfinance sorry for writing ........tabhi baniya ki dukaan band ho gayi ...Bigbazar gone now ...where Demart is Rock Solid ...New player like Amazion , Flipkart touching new height ........ Okay Dude if Mr Biyani is that Genius ......and American Investor, consulting Companies & Indian Government , Flipkart , Amazon etc etc , Mukesh Ambani pushing Money to build Jio Ecosystem like Crazy .....giving Free IPL watch all these Folks or simple everyone is fool ...than can you explain why Big Bazar is shutdown all of sudden if Mr Biyani is Genius ...it because when you are to Stubborn with your own Mindset ....not to listen others.... that market is Changing ...than you see the debacle like Big bazar ....i know many flaws with Indian Market today .....but go and Check Mukesh Amabni Speech , Gautam Adani Sppech , Satya Nadella Sunder Pichai Speech ....IMF Gita gopinathan interview.... world Bank speech ...every one is saying & Bullish on Indian Growth talking about Indian century ...even Biden Invited PM Modi personally , Australian PM call India is a Boss ...all these thing are Bullshit right ....some People like Biyani who lost their Mind think every thing is nonsense ... becoz Gadhe yehi sochta hai baki sad gadhey hai ....Dude just check the Indian Stock exchange is touching 60000 insane .....in 2000 it was 5000 only ....
I know Tamil and English not Hindi but you gave subtitles with in your video,I really appreciate that very much... perfect work
I think the biggest challenge happens when "you try to create business in india which is so diverse , and by using Western tactics which is unanimous in nature". That is why it is important to have macroeconomics.
Great podcast , Mr Kishore knows the ground reality about how small percentage of people are the real consumer .
Your episodes are better than 2 year MBA from any top B school. Best work done Nikhil.
You were sleeping in class, I think
yes the content is top class. But without the interaction/discussion without the fellow classmate you cannot internalize the learning or see from different lens. Thats a big difference.
Kishore Biyani was a very fresh addition vs all other startup jargons/theories. Love the temple Economy, saying no value addition in GDP to the farmer income point. Very Practical pointers by him. Love it!
No farmer no Food!!! tech is not going to give you food atleast in the coming years.. for our generation
@@travelwithhoney1830 i think you missed the entire point of what he said
There are more people engaged in farming in India than what is required which results in inefficiencies. It's not a criticism of the farmers
@@travelwithhoney1830where are farmers going? Even if they are going, let them go. Farms will get larger and machines will farm them. Look at per acre output of other countries.
@@travelwithhoney1830 One agricultural engineer will fuck up millions of Farmers. If farmers are so required why do majority of them make no money and go in debt even when farmer class gets the most tax write-offs, financial aid and public sympathy. Meanwhile look at the earnings of big farmers, farming aggregators like Monsanto. They're practically printing money. No farmer no food is a beaten talking point that only poor people keep thinking as true
👍 agreed
With Continuation to this episode, could you please invite Dr. Manmohan Singh to discuss micro and macroeconomics? And how we survived the 2008 economic crisis which affected the EU and the Americas. His podcast will enrich the playlist despite his busy schedule for the 2024 elections.
He is too old for a podcast & he's physically not well
He's a very very bad communicator...very intelligent but can't make proper conversation
spending so much goodtimes with opposition party, I doubt his motives to do any public statements will bound to be partial
When you listened last sentence from him 😂 I doubt never
Lol peoples still think that Manmohan Singh saved indian economy
Congress followers 😂
Loads for wisdom from Kishore Biyani sir !
Ya who's company is defaulting all the loans and eroding public tax money and investors money...
@@sonicscorpian take advice from who failed he has more wisdom a d ways to fail so you know. He failed because he lacked financial muscle and business sense not fraud
@@rajanpatadiya5428 lacked financial muscle? Future group total debt is over Rs. 29000 cr. So you are saying it is ok to take tax payers and investors money and then say ohh it is all gone? Also you are saying he doesn't have business sense and also taking his wisdom? Window of what? How to take loan and dont pay back ever?
@sonicscorpian I was too investor and I lost. Every investor knows business risk even lenders know it so they charge interest rate higher than government bond. If he has taken money and transferred in his account then it is issue else not. Risk premium takes care of loss . Same will happen some day with vodafone idea too it is case of business failure not fraud.
@@rajanpatadiya5428 did I say anything about fraud? I Never mentioned the word fraud, you are the one mentioning fraud in all the comments. I am saying who will take responsibility? It is us only, who will pay more taxes to recover there money for government and banks. And it is us only who will appreciate sure person. But we forget that the money is not gone, it will be recovered by government and banks from us tax payers !!! So choose who you follow as idiol or taking wisdom from.
One thing i can say by watching this clip is that Nikhil Kamath is clear in his thinking. Others age entangled but he is clear. Clearity makes charecter
Also, In India the culture of finance is around savings. We are taught to save a lot so driving consumption is challenging
I agree , we are not heavy spender like people in the west . My uncle has a good job but still uses his old bike (platina) . My dad still uses cycle for commuting to office .
Kishore biyani sir experience and wisdom is what I needed. I just started my retail company and i needed his insights and way of thinking to operate retail at such scale. Massive thank you to nikhil sir. ❤❤.
Seriously bro thank you so much for adding english subtitles. When the conversation shifted to hindi on a few occasions, I was panicked, but happy to find subtitle attached. Once again thankyou hundred time for being considerate.
8 min ke video me itni wisdom.....
Hats off to you guys.....
Kishore Biyani really put things in perspective as far as the demand side estimation of economics is concerned by separating the Indian consumer in 3 segments, the hoax of unlimited demand is real!!!
Totally disagree! The idea of unlimited demand is not a hoax. The so called 3 India’s isn’t rigid and set in stone. Consumer class doesn’t mean urban tier 1-2 residents only. It’s a function of earning power only. When the poor get money in their pocket they spend it immediately and this is true of the poor the world over. In just one growing season you can propel a farmer from poor to someone who has spending power by simply changing the crop he’s growing. 1/3 of US farmers are engaged in growing crops for bio fuels.
@@Motivation-qf5ggplease travel to teir 2-3 cities. You'll automatically see the consumption difference on the road. People just don't spend as compared to teir 1 cities like Bangalore. Ex : go to Ajmer, Bhopal, Agra and see their consumption.
That’s true, India is probably the worst place to start a business imo. Most of the people don’t have money, jinke paas hai unki g fatt jaati hai paise kharachne me. It’s a small percentage of people who are buying and supporting busiensses
@@ryangreen45 its not totally Indian public fault. It's also because after paying sooo much tax everywhere, there is very little which is left.
@@ageless1003 i am not saying its Indian public fault. It’s nobody’s fault actually . It is what it is. If I am looking to start a business, preferably online I will never target Indian audience. I will target those who have money (USA)
Listening to such GREAT minds is a meditation in itself😇!!! Many many thanks @nikhil Kamat! 🙏🏻
In India, do not believe in any number related to per capita income. You have no idea how many people who have a yearly income in crores, dont pay a single penny in tax. On paper, they are still India 3 but in consumption they are India 1.
But business are built on data not stories and assumptions!
Businessman or entrepreneur has a crystal clear ideas about business, policy, law, refund, replace and more consumer act. But We have to educate indian buyers as consumer, consumer law and many more to run business easy
We learnt so many practical learnings from Mr. Biyani. Grateful for this initiative of Nikhil.
Mr. Kishor is next level. You all seemed in shock and awe. Temple economy! What an interesting thought and perspective!
Kishore Biyani ::While it is true that some farmers in certain regions may require assistance, it is important to note that farmers are not universally dependent on aid for their livelihoods. Agriculture is a diverse and complex sector, and the level of support needed varies depending on factors such as location, access to resources, market conditions, and government policies.
Many farmers around the world are self-sufficient and able to sustain their operations without relying heavily on external aid. They earn income through the sale of their crops, livestock, or other agricultural products. However, there are cases where farmers face challenges that may necessitate aid or support. Even the Corporations need aid or support without which they cannot function.
Kishore Biyani has been the best guest, hands down.
India is an exception to every rule.
Love it.
💯
Really eye opening conversation..thank u nikhil sir for bringing up this channel & wonderful conversation 😊
One of my requests is to bring a couple of Students or young age entrepreneurs to ask questions which will turn this a podcast for viewers from all tiers of India and they'll learn.
Very bad idea, imo. The level of question will dip to that of Ranveer's podcast levels.
Interesting...would love to see a full episode with Mr.Kishore Biyani..tons of knowledge can be shared ...
This is probably the most informative TH-cam Short Clip I have ever seen! Thank you very much
Interesting to watch these discussions - however my comment is on part of the discussion regarding GDP.
There has been a lot of talk regarding this topic specially after India becoming the 5th largest economy ahead of UK and the projections ahead towards 30 Trillion etc.
Even if India grows consistently at an avg of 7%, it will take 30 years to get to 25 Trillion - so we are looking at around 2050 approx.
But US is growing as well, and even if they grow at 2.5%, they will be at 50 Trillion. So when people say India will overtake US, I really don't see it happening anytime soon.
And as rightly discussed the GDP per capita is the right comparative - where we are at 120th position.
So its good to be happy that India is growing gradually, but there is a lot of work that needs to be done, and these 5th largest economy etc terms can be misleading.
I think as we grow , the Rate of Growth will gradually decrease beyond certain point bcz the base on which we calculate Rate will be much bigger. Rightly said about GDP , it’s a gross Illusionary number Only good for politics. Growth in per capita is the real progress.
yep and both in PPP. considering our Import:GDP is fairly decent ~20%
@@studyAt6 exactly when 140 Cr people are contributing, it’s GDP figure will be more , no doubt about that. So comparing our economy with UK is really not a fair comparison, instead we should compare it with China.
Another thing which people get confused about is the percentage at which the GDP is growing and compare it.
2% of 20 trillion is much more than 7 % of 3 trillion.
So it’s not just the percentage, but how much is the value of that percentage is what matters.
When we say 7% growth, it's real growth means suppose we used to make 100 pens, so now we are making 107 pens. But you also have to consider inflation. So earlier our Gdp was 100*10(price of pen) = 1000 but now price of pen is 10.5. So, New GDP will be 107*10.5 = 1123.5. So in nominal terms gdp growth is 12.35%.
But we also need to consider depreciation of rupee as compared to the dollar. Stronger rupee means high GDP numbers and vice versa.
@@vinayaksope4173 "Even if India grows consistently at an avg of 7%, it will take 30 years to get to 25 Trillion - so we are looking at around 2050 approx.
But US is growing as well, and even if they grow at 2.5%, they will be at 50 Trillion. So when people say India will overtake US, I really don't see it happening anytime soon."
You are right and to add into this, I think it will be near impossible to overtake USA reasons being,
- The way US has dominated the global market and controls money
- Poor global market capture by india
- As the Indian GDP crosses 20 trillion dollars, the market will haevily stabilise as well as the economic growth fall to 2-3% (at that time catching up with US will be really hard for even 2% GDP growth)
- Lack of institutional and bureaucratic genius decisions made by India even in near future.
India's GDP grew from 500 billion to 3 trillion in 20 years but what about inflation, that should also be considered. An item costing 100 is now costing 500. Growth is not that much fast.
Beta
There is 2 GDP
1. Nominal
2. Real
In it inflation accounted
Economics pad ke aa पहले
KB never ceases to Amaze!!
Kishore Biyani's - guys is amazing - experience pays - this guys has good knowledge - hats off - need to read his book.
you are the best guest! Why?
You ask mindful question that blows everyone mind
Happy to see KB sir! Have met him Thrice on lunch. Very positive person and knowledgeable too!
Kishore Biyani is a Gem .... Love listening to him ...keep him coming
I would like to express my sincere gratitude for inviting such distinguished individuals who have made significant contributions to our nation.
Interesting take on india
India 1
India 2
India 3
I think i can relate and very much agree also
Thank you for explaining the Indian Market in a few lines.
what an insightful video. Very well done
Without an iota of doubt , its Kishore Biyani , the guru of all gurus. Looking forward to hearing more from the Future Man.
True , even the world organisations classify people into tiers based on income ,there is a income threshold set for a global middle class too......,and the Indian middle class is no where near that threshold,until and unless it gets near to that threshold ,people won't have enough disposable income to actually drive a consumption economy ,most startups dont consider this when targeting Indian consumers
It was quite interesting to see Kishore Biyani on the other side of the table, would really like to see Nandan Nilekani, Marjolein Van Brandwijk, Ignatius Navil Noronha, and Mohnish Pabrai. I would really like to listen to them on following topics
Nandan Nilekani: "Digital Transformation and Aadhaar: Shaping India's Future"
Marjolein Van Brandwijk: "Sustainable Fashion: Rethinking the Industry"
Ignatius Navil Noronha: "Future of Kirana: Post the dated idea of 10 Min Delivery"
Mohnish Pabrai: "Value Investing and the Art of Decision Making"
Hope if you can get them, or similar people to discuss on the topic
🙌
Haven't most of them spoken about these topics like tons of time?
@@arunsar7893 if you can find link and send would really appreciate
I got about 10% of this conversation honestly. It seems interesting how they discussed the whole indian economy around numbers with such an ease.
Can anyone pls pinpoint some resources to learn more about the ECONOMICS they are referring to? It would be of great help.
Thanks in advance!
Experience is loaded with knowledge.
Very Insightful! I too believe the accumulation of wealth into a very small portion of population will be the primary reason keeping India poor even after we complete this bull run ahead of us.
It depends upon the definition of poverty. People living rural areas live modest live that doesn't mean they are poor . It's mostly city people who are focusing on making and chasing money ( we are very materialistic) .
Great information and good watching you youngsters. So inspiring❤
Next big thing should be creator's economy.Because indian population lacks creativity and thats why lack in value addition in economy.
However creativity is not limited to good education only.Creativity comes naturally once a person starts expressing his art, knowledge, awareness.
Creativity would lead to generate income at personal level with free thinking.
This can create mass level creators and consumer class.
Kishore Biyani is the guest who should come more often .. and podcast with SRK will be amezing with some of the business minds as he is very witty and i always feel he is very good business acumen
Mindboggling. Like Shark Tank enlightening and aspiring. Make it creative with examples which is easy to understand to reach out more people 🤗. Subscribed.
Best Episode. Kishor Biyani Rocks. Loved his maths.
Consumption and consumers is the most important factor for growth in India...
Bro aap Log...ek tarha se dekha jaye to... Ap log logo ko sikha rehe ho.. To conversation hindi mein ho.. To. Bohot.. Help ho jata... ❤
This was the best part i liked nikhil.. whole lot of knowledge ... best thing nikhil i like is that you go to basics .. like how is per capita gdp calculated. You bring the best .. love your podcasts
This 9 min segment puts to shame an entire 3 year MBA program...So much great insights from real entrepreneur.
He is correct, The no of startups are increasing but customers are not increasing.
Sir small request .. can u get perfect guide for young generation Because there is no perfect guide for startup beginners... We need complete basic to advanced.. like, if we have idea then what can i do it .. and what is the documentation process and how to pre calculation of profit and loss and when we prepare pitch deck and valuation process etc.., i hope that you got my point sir 👍🏻
Some experts like Solar man of India Mr.Solanki say decrease consumption, become Minimalist for protecting nature and reducing pollution, while as Kishore sir said Increase consumption for improving economy ,
What must exactly be done???
Very very insightful !! Thanks Nihil .... Looking forward to more !!!
Looks like Kishore Biyani's has much better understanding of market than the most of the business men in India
These clips are golden
Favourite guest...Biyani Ji
Would love to see...Vishak Kumar (CEO-ABFRL)
Truly eye-opening. Great mix of perspectives.
Something which I have First hand experienced is much of the start ups act as corporate but are about projections and presentations.
Listening to these legends is like attending mba class, always has to seat with pen and paper and taking some notes. I will be very thankful to Nikhil Sir, if he continues to keep these type of videos free 😝😝😬🤗
how many of them have MBA degree?
@@iXpressall of them
Kanchipuram in TN for silk sarees. It is unorganised sector that creates crores of turnover per day .
I have been thinking about setting up my own shop and my analysis was that India consumer market is not more than 200-250 million people. It is the Consultants working at the likes of Deloitte and the KPMG's who are delusional.
Thank for you confirming my belief.
To increase consumption, reducing inflation is a must. Towarda this goal, taxes have to be rationalised.
I don't agree with him . The india 2 is growing at much faster rate than ever . Specially In tier 2 and tier 3 cities even the house help starting to get there own house has amenities like fridge , TV mobile and someplace cars too there consumption is growing too
Interesting
Which tier2 tier3 city are you talking about sir ??
@@keshavbiyani9202 ohh, have you heard indore gandhi nagar, bikaner , jaisalmer , bhopal, haisur want more
The thing is the products you have mentioned are all aspirational products for tier 2 population and 90% of aspirational products market is captured by big foreign companies be it cars,electronics,phones or anything per se. And if there’s an Indian company in that sector trying to provide those products it’s either playing on low price point strategy or has a very bad service. Only possible solution I can see is more and more capital investment by Indian investors for Indian companies that make good aspirational products, and maybe mindset change of Indian consumers towards Indian products
Hello Nikhil you are our favourite...you guys are changing India..proud of you..
I and my son discuss about you all...
Very Interesting and insightful podcast.
Biyani sir should be requested for a complete show...that would be blockbuster
Hey Nikhil, in your future pod casts try and get a few smart politicians along with the other guests so they can show what the government is doing as well they can learn and see what New Bharat wants and the politicians can tweek/change policies and now it’s very very clear to win elections they need to work and make good policies. It’s slow change but that can happen thru influential people coming on your show +governments will to accept the new requirements thru these social media podcasts
Thanks Nikhil for such an insightful episode.
Nikhil sir since you asked I want you to bring Mr. Aditya Ghosh, one of my idols.
Your answer proves why you have a current state of finance
What word does Vidit (from the background) exactly say after Massive? 6:58 Or I may have even misheard “Massive”
Kishore biyani was the best and favourite guest
Dear All, it's a gr8 podcast but our economy is growing bcoz of the poor n lower middle class ppl who dnt knw wer to spend..(This is d group who shops in Big Bazzar n Dmart) n as far as taxation is concern every Indian is paying taxes! ( Dream 11 players too😂)
i love this part of analysis. Old school vs new gen outlook is so different. New Gen feels more selfish and live in moment approach.
Agree.. as well they got many Options.. !!
Can't believe that such a big billionaire man Nikhil sir spends so much time in TH-cam. how is it possible?
4:22 India needs to consume more that's wrong , living here in North America I can say that Indian custmer is smart & here us consum high but quality of product or shelf life of the products like furniture it's fancy no doubt but not long lasting 😂
Example of phrase 'man with hammer sees everything as nail to be beaten'...just to increase business,India has to learn to increase consume products!
When Mr.Kishore asks how the money going to the India 2 and 3 through agro growth. It is the one that helps fund the human resource and education to expand India 1.
That was a really informative video! Thank you for creating this
Excellent analysis.
Awesome content! But so strange you don’t mention your guests anywhere even in the description! Any reason?
Around 50% of the India’s population earn less than 25k a month and around 80% per person family income is less than 15k and rich people want them to be a consumer of online market where everyone want to make profit. School, medicine and even proper food can’t afford these people. When it comes to giving money back to lower class people, rich prefer to move outside India. Just try to live in 25k monthly income then these people will understand how difficult it is. House rent in any city in not less than 7-8k for family.
We are not heavy spender like people in the west . My uncle has a good job but still uses his old bike (platina) . My dad still uses cycle for commuting to office .
Kishore biyani 🙏🙏 salute 🙏
That was such a pure Distilled Gold Conversion ❤
Damm.. Heavy!❤
Get Nykaa owner as next guest..want to understand beauty industry and future of it
This is true businesses tend to overestimate the TAM and SAM of India.
TAM , SAM?
Tam Sam 😂
Defence Industry is also a great opportunity especially with the government loosening its grip and promoting Indian products in the other countries of the global south.
guys, awesome pod,
please start usingi dedicated mic, voices are a bit irritating, there's a reason every podcast uses a high def mic per person.
I think Mr Biyani didn’t want to speak the harsh truth: we don’t have a next trend that will push the economy 😊
We have not invested in education - millions of graduates are unskilled and unemployable.
We have not invested in manufacturing- most of the high value goods are imported, not made here. Therefore no job creation in that sector either.
We don’t have competitive advantage in any sector - pharma, agriculture, banking services, or any other.
We don’t even have the infrastructure to support a large economy and we lack the environment to support small businesses that can employ millions of people.
Until millions in the country start to PRODUCE goods and value added services, they will remain poor without any disposable income. Poor people do not contribute to the economy- either as creators or as consumers.
Only the top 10% people participate in the economy and it will remain so for a long time 😢
Among all the business and economics commentary, I didnt like the phrase "India has to consume. It has to increase the consuming".
I feel it's a wrong direction considering our ethos is about minimalism and spirituality.
What do you want to consume? Buy clothes every weekend even if not necessary, but use and throw plastic things, electronic waste, fast food?
The point here was that the level of value added consumption is very limited
Promoting consumerism was not the point, the cyclical nature of consumption, lack of ad-valorem goods is what the video focused on I guess
Also, ethics and morals cannot be the sole grounds to drive a business or the economy as a whole
Actually people are getting more information and also getting smarter top of that income also increaseing so future demand will increase no doubt. We can see triple or more GDP than current GDP in next 5 years.
Hi, Nikhil you are a man of high IQ love watching your content. Big fan your quality of content.
The OG Kishore biyani is here
❤❤love ur content ❤❤❤ thankyou for your time and energy providing these knowledgeable content ❤❤❤❤and also a world class videography editing ❤❤
what kind of consumption Indians has to increase as sir is talking about ? If i can buy 10 Tee shirts but i am buying only 2 to be sustainable, then am i consuming less (then is it good or bad for economy) ?