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Martin Wolf On Why He Thinks India Is Well-poised To Be The Next Superpower | India Today
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- เผยแพร่เมื่อ 4 ส.ค. 2024
- In an exclusive interview with India Today TV's News Director Rahul Kanwal, Martin Wolf, Chief Economics Commentator, Financial Times, explains why he thinks India is well-poised to be the next superpower.
He highlighted India's advantages and discussed India's political stability, infrastructure improvements, and the global economic context, including growing protectionism and competition with China. He also addressed the potential impact of technologies like AI on India's service sector and the possible effects of a Trump presidency on global trade.
#martinwolf #indiasuperpower #pmmodi #worldeconomicforum #indiatoday #newstrack #rahulkanwal
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I feel the pain in Rahul to say India will be a super power😂😂😂
Pappu 😅😅😅
well...for all we know.. he might claim that India will become the economic powerhouse..because his party won 99 seats and hence it was inevitable! All the congiee ecosystem will echo his words!
Bridges are falling at the rate of 1 per day, look at the condition of infrastructure and education system. Is that a super power to you?
When did you see that in Rahul nd where? Maybe in your BJP commanded daydreams?
@@akshayemaithani1541 it is starting to become very clear that someone else is not only Pappu but also Paapu
india 🇮🇳 has to achieve near 100% literacy, much better health delivery & meritorious opportunities
Educate people to think logically and sensibly
Freebies lanaka bund kaar.
@@rajeswariv7648yes, with scientific temper and logical thinking.
Agree fully.
why always narrate on 100% literacy and poverty in 2024? What was the literacy in 1947? what was the level of poverty in 1947? What is it now? in 2024, literacy is 80% and the per-capita income in 1947 at 360 rupees has grown to Rs175000 per-capita in 2024. So, the growth is work in progress and the current Government can certainly take credit for these achievements.
I am very proud Indian but I completely disagree with the statement that INDIA will become super power, until and unless all citizens of India including MUSLIMS, play their part in becoming true patriots.
Muslims are laziest of all , they just sit back and expect the government will give them everything. Their attitude that children are Allahs gift and not worried about how to manage 5 to 6 children.
Martin’s analysis is quite rational
i found that too. Martin is basing his analysis on the current and future situations. He highlights both pros and cons. And a balanced view is always appreciated. In India we have much work to do. It will be one heck of a struggle.
Martin Wolf... Raful🙏..
India is a very ancient civilization... Just like
China..
Ancient wisdom... He who conquers others may be powerful for
The time being..
He who conquers himself is mighy...
India can become a
Super Power.. Only if
1) India free from corruption at all levels..
India should adopt... Win.. Win.. Policy..
You win.. I.. Win..
Cooperation not Cutthroat Competition..
Peaceful coexistence...
Live and... Let's live t Together.... Without
Interference...
Capitalism with an
Algorithms.. Common
Prosperity for.. All..
Development of a very
High Quality based on..
Ancient Wisdom..
Not short term growth
Parameters... ❤
As Kalam ji used to say: DREAM FIRST.....
India needs to grow at least double digit continuously to become a super power by 2050.
India will never miss an opportunity to miss an opportunity...
That is you .. what an intellectual..😅 self proclaimed.. of course
Look the people only want freebies. That’s our culture. The voting pattern of recent elections clearly indicate that Indians don’t care about India but about short term benefits.
@@bunbun5441 At least I'm not a fool like you.
@@stevejurgens9836 where you like negative people dwell anything could happen?
@@ghanvedsingh8946 one should be pragmatic and do a lot of introspection.
Super Power is Super Lative. This mad obsession to be superpower is taking attention from improving the life of average Indian. Denmark, Norway, Switzerland they dont want to be superpower, but it has the happiest people. Get real ..High unemployment, epic pollution, Ram temple leaking, airport structure collapsing, Mumbai flooding in rain. Chaotic growth, cities running out of tera water
GDP per capita for India has crossed $2700 didn't even check IMF Website
Becoming a Superpower is not a matter of choice; it is an imperative
I love the optimism but there are still a lot of things that need to be fixed before that can happen, Remove Reservations, Farm Reforms, Lower Taxes, reform Judiciary, reform IAS, improve how are cities are managed and administered, also not to mention the problem of Islam
What is the definition of being a super power?
What's the definition of being developed country?
My fear is India will change the definition of them all to suit itself.
Good, rarely we get to watch meaningful interaction on India Today
Should have been long back; because of it's Human resources, Insular geographic nature, Enormous National resources, it's age long respect to ethics and valus and water resources for agriculture. But the Western countries divided seperated Pakistan to make as enemy. Hence most of it's resources spent for Arms purchasing!? Now an effective leadership under Narendra Modiji is gift by God. He can make Bharath a super power 💪🙏🏼
India and Africa, come one day will be a superpower. Both have a large population of more than one billion. Africa will not be so soon but given its population, it has to move towards a superpower level to be able to manage the large population.
India has been a superpower since 2020.
Because of unskilled or semiskilled workforce, shrinking budgetary allocation on education and skill generation, a majority of people outside income tax net,
crony capitalism,...........
Bro in all developing countries it always start with chrony capitalism then complete capitalism then socialism it's the sequence pls wait till the startups and unicorn start compete with adani and Ambani like blinket is competing with Amazon when GDP will be 5 trillion it will start to happen and we will rise up
It's only due to congress rule we can't devlop education system but now when our GDP will be 5 trillion more tax can get collected for skill development
Clear perspective by Mr.Martin wolf on areas of improvement and current situation between countries in economic growth and exports perspectives
Wolf was practical and did not exaggerate nor did he under estimate. He was up to the point, but creating $13,500 per capita GDP in India is hard to achieve by 2047.
In a country with the highest population, per capita gdp is less likely but on P.P.P. basis India is poised to be one of the 5 biggest economies
From many decades India has highest population but now Modi made it possible
This Rahul When he can explain India,s structural.n fundamental defects in Indian society n provide solutions .
India will be Super Power if Modi remains the PM for next 10 years
gospel truth 😊
hahahhahahaha
Sure 👍
What a tragic comment? Do you observe the economic policy of the Modi government?
100% true
Opposition parties are against this under NDA GOVERNMENT,and the fact is, it is not possible with opposition rule.
Appreciate such fact based analysis and super progress of India. This should be the goal of all major political parties rather than petty issues for governance.
MODI MODI MODI MODI is the ONLY PM who can make the dream come true VISHVAGURU ❤
lack of visionary political leaders pulled down our growth rate itself
PERFECT DISCIPLINE;
DEDICATIONS;
HARD WORK;
BEST QUALITY
INNOVTAION;
VALUE ADDITION.
EDUCATION WITH STEM Subjects;
quantum physics;
advanced Maths.
When you are earning 10K annually but very confident that you will become the next most richest billionaire on the world. 😂😂😂
Prejudice against india has been very amongst ordinary foreigners, certainly a lot hate over last few centuries leading invasions and loot. No foreigner want India to be super power, only indians have to want to be super power.
India can never be a super power as long as it does not becomes a leader in exports and has strong currency. Yes, India is a super power in Cricket.
We are at record high trade surplus right now❤.
Without ensuring that top talent does not migrates india cannot become superpower
This is something you guys keep cooking up to ensure we don’t discuss ‘why India is not yet a super power?’
You only are intrested in throwing in future dreams while the future’s of the youths burns in ‘present ’ , very clever of you to show a rather future dream to steer the narrative away from where it should be😊
What is their education every body wants a white collar job then who will work for construction and mining sector?
@@ghanvedsingh8946
I agree China didn’t have a large educated population. It has risen only on the back of cheap labour and service industry. The brains came from overseas joint partners who got their products in manufacturing. The main thing was cheap labour costs. Not to mention the communist power, people not having any power to disobey.
All Adverseries need not Worry of india becoming Super power , Hamara Dehati ye Nahi Hone Denge
No one can stop Bharath'S growth to PRATHMA SHAKTHI.
1.5 Billion is a world market in itself. That's proved during Corona to the world, which we knew already.
Rest of the World cease to exist, Bharath still exists 😊
Thanks for the Good news, Rahul.. We like to hear this type of positivev news from you and not customary political bias for any political party as usual with our media culture since independence for news busoness. Thanks once again..
Excellent.
Good discussion
This oppenion was rised 20 years before by several US ECONOMIST UK ECONOMIST.
Thank india will become superpower
Wait very long long.
50yrs 🎉🎉
India has at least 60 to 70 % poor people, who do not even have jobs. Hundreds of ppl on the streets, who have no home to live
Eradication rate of poverty in india is 30% in the last 10 years - its the data which is available in all the reliable sources. So from which data you are concerned about, is not clear. You could have restructured or reframed it as the people living in extreme poverty status.
Prime minister of India has clearly mentioned about his aim to further reduce the poverty status of our status and started the program based on it. It's also available in all the reliable sources. Please compare the action taken by the government to reduce the poverty status in the last one decade and just compare it with the time since independence of this nation.
Please frame comments without slavery mind .
He expected something back while saying India is a Superpower. India cannot even normalize the Manipur issue in 14 months since its occurrence.
India can stop ot by imposing emergency in Manipur but doing this would make people there suffer more.
After hundreds and hundreds of billions spent on infrastructure over the last 3 decades there is no goods export boom. Manufacturing growth has been dismal. Yet Goi keeps spending.
Where was this spent? In your head? How much was spent in each decade on what infrastructure related to exports? I asked ChatGPT what India's export growth has been and the response from western sources was compound annual growth rate for exports of 8% over last 15 years, including 15% in last 2 years. What sort of growth were you expecting? Are you aware of deficit reduction in India when you complain about government spending?
For 2012/13 to 2022/2023 the India goods exports compound growth rate is 4% in nominal usd. After adjusting for us inflation the real dollar growth for this period is just 1.3%.
This is pathetic. India's share of global merchandise exports is less than 2%.
Despite all the amazing infrastructure this is the sad reality. Policy makers cannot continue believing the infrastructure will lead to manufacturing theory. It has thus far been a failure in India.
@@madhukarmurthi9064Aam , pyaz , chawal ye sb minus kar ke dekhna manufactured finished product hard cheezein kitne export hue
Because of socialist policies. BJP is trying to fix it right now.
@@tubelz your numbers don't match with ChatGPT queries, mine do: 8% CAGR in exports last 15 years, with 15% in last 2 years. We don't care about the % of global exports - we are more interested in domestic driven consumption, that compels manufacturers who want access to our markets to make in India. After that begins a rational increase in export capability. We don't want to build a foreign dependent economic model the way Germany or China has.
Living expenses in India is lower compared to high income countries. So you can't say India is not a high income country. If a person living in India has 200000 dollars ,they can live off that for rest of the life. But in Western countries 200000 dollars is nothing.
india will be superpower if it can keep duping foreign investors for the next 100 years
No doubt
why we need a white guy to tell India is super power. INDIA IS ALWAYS SUPER POWER.
Not right now bro. We are only a regional power currently.
Step outside your house. Look at the life of the average Indian. Being delusional will not make you a superpower. You want to call him a white man yet use a white mans platform to type a comment in their language. You’re quite the contradiction.
He is not just a white guy. He is one of the most revered economists in the world.
And India is not a superpower yet. It has to be at par with China and US to be called superpower, especially in per capita nominal income.
Don't lie, under Gandhi's we were nowhere just a country living on mercy of Soviet Union with rampant licence raj inside the country. It is in 1991 under Narsinha Rao's visionary keadership Bharat somehow managed to come out of Gandhi & Nehru ligacy of protectionalism & opt for liberalism. Had Gandhi's ruling the country we might have got mobiles of Nokia in 2024.
Modi and indians show finger to Biden and americans by hugging Putin. Ball is in US court. Lets see USA is all talk or any action? NATO cant even control India. Forget Putin and russia. India cant even feed its poor. Only few getting insanely rich like reliance industries.
Super power not being brought by the Government,it's people of India everyone is interested in sincerely working & keeping life discipline. Present lazy youth boys want to be rich day & night , girls youth just studying & doing jobs for fashion, enjoyment without clear goal & objectives.
This is a chewing gum that people of india chewed for 10 years and voted for Modi even if it tasted bitter.
Waah ! 😆
It can certainly happen if our people allow Modiji to continue for another 10 years .But I am afraid our opposition supported by external evil forces may not allow this to happen.The onus is on our voters now. Hope our people understand this .Opposition are offering freebies and using appeasement tactics which will only ruin our country.Jai Hind
It will definitely be an economic powerhouse but not superpower. The society in India is divided on many fault lines and it is very easy for outsiders to create communal and caste based trouble in India. This vulnerability of India will always keep us in check. We will definitely have economic prosperity but society will remain fragmented ..................
India was once a great power it will become a great power again nobody can stop its rise
Superpower, highest unemployment for 45 years, poverty and hunger index at its highest, slums of Bombay, Delhi, Chennai and Kolkata is there to be seen, health service very poor. Rich are getting richer poor are getting poorer.
Why super power? What is the purpose? What good it will do to the world? Can't we live peacefully without being Super?
The Wolf and the studio foxes do not define what "super power" is.
Sanitation, cleaning, environment are the primary challenges that India is facing now. These factors are driving health of its people. The wealth will fall in place if we take the above. We lost prime 10 years during UPA rule, else India will become a power by 2035, now it has to wait 10 more years till 2045.
Indian Engineers especially IT engineers income are pretty close to their western per capita GDP. Other engineers and scientists are half of that. Farmers per capita income is extremely low when compared to western farmers. The daily minimum wage 8 times lower than their western countries.
India's PPP is 4 times better than western countries, so if we double our income in next 10 years, we are better placed to compete with top 2 countries.
Rahul I feel India can only become a super power if all Indians irrespective of race caste creed united to be Indians as one society INDIANS.
But some Indians have problems if India become Superpower as it is running towards under the leadership of Prime Minister Modi led Government for the consecutive Three times.
Modi ji❤
Insha_allah
🙏🙏🙏
No foreigner can be expert on India. In last few centuries India has proven foreign expert wrong in all spheres. Sanatan dharma insight is required to understand India's rise and purvapaksha of foreign threats for India's rise and fall.
13:50 we white people would try to derail India's growth journey but you stay strong buddy.
May be after 50 years
India like China should have raised the per capita income many times being the biggest market in the world by raising domestic production, Requires new thinking,
Nearly wolf is correct eighty percent, not early 50 before India reach real growth
Yes, India can dream but when they woke up It is back to reality 😂
Also Turkey & Mexico is the middle man for Chinese goods.
A super power with out teeth.
अगर भाजपा अगले १५ साल लगातार भारतके सत्तापर बनी रहेगी तोही भारत सुपर पॉवर बन जाएगा अन्यथा अगर इंडी ठगबंधन सत्तापर आएगा तो वो लोग सारा सरकारी रुपया पैसा खा जाएंगे और देशकी वाट लगाएंगे।
Oh dear Why so many rich are leaving India ?
Well done Modi
One of the castes in India is the “Ghulam” caste that the British and Islamic invaders created, known for suffering from Stockholm syndrome. Then there is the Marxist caste - subcaste of the Ghulams who believe Marx has the solutions to India’s problems. The ”Ghulams” believe they are inferior intellectually and depend on an outsider’s view of India to form their own opinions, and at the same time, they also believe they are intellectually superior to other non-Ghulam Indians. The India Today group belongs to this “Ghulam” caste.
growing economy and high GDP.
Rahul please grow up
Super power ? We are way too far..
india to be super market for global economics 😆😅🤣😂
It is justified what the channel interweaver is doing but assuming the credibility of this channel may not be happy as to how Bharat is being praised under Modi regime.
Be happy to see you going to the super power said by outsiders. But you lacks all that's required to be a super power nor you have . Honest judiciary , administration honest media nor honest govt don't be fooled by outside r admired be practical
Here people don’t have Jobs to work, it’s not because they’re are Lazy, it’s because of No Opportunities. I don’t think Modi will or BJP will come after this 5years terms. Then Indians without jobs and freebies they will stay back with Srilanka and Pakistan.
Sir love and respect for all. As long as 90 karor waite for monthly rasan this is not possible. As long as we rely for our all defence need on other countries this is not possible. As long as unknown forces decide our elections this is not possible. 4th and final point we all know russiya repants foe it was once super power. 5th usa is puffing to remain as super power hence it is a bad dream to become sp.
Same Kinesian economists.... Per capita GDP... China was screwed by these people. We have good and abundant natural resources coupled with fertile lands that can feed our population. China can produce stuff in its factories but their skies, soil and water are highly polluted...just to supply cheap products to the world. The West wamts their skies, soil and water to be pristine and enjoy cheap stuff.. By manipulating their currencies and keeping them artificially strong. This won't work. We have the largest gold reserves in the hands of citizens, the largest in the world. We also have a rich, culture, heritage, family bonds... Things that are intangible but cannot be bought by money. The West is jealous of us and they want to rob us blind again... These Kinesian stuff won't work. We will grow at our pace and not adhere to what others prescribe to us.
Its a hype. India has to improve in many parmeters to be called a super power
Super power ke trains me chain se bandha hua lota nahi hota😂😂😂😂😂
@@user-qn2su4vo8p क्यों अपना पोल खोल रहे हो,
Yes, we know of Martin Wolf, a ziionist. Great if you want to believe him. His knowledge of India or indeed Asia in general is very limited
I mean the country has got the biggest unemployment problem in decades. Jobless bezzle growth is not the norm.
Feeding people with what they want to hear, is not your job Rahul !!
It's actually almost the opposite !!
Toh kya lo ab maaze karo super power toh ban hi jayenge bina kaam kiye😊
THIS IS ABOUT A LADY OFFICER IN AP STATE ENDOWMENTS DEPARTMENT INVOLVING VIJAI S Reddy, MP FROM YSRCP -AP STATE. If these kinds of people are appointed in ENDOWMENTS, WHERE WILL SANATHANA DHARMA GO? WHAT WILL BE THE FATE OF SANATHANA Bharatiya HINDU fate on the land of Vedas the root of Cosmic power? Still those Hindus who defeated BJP IN UP AND UTTARAKHND "BADARINATH-AYODHYA? KEEP DEFEATING BJP?. DO SUCH HINDUS DESERVE TO BE CALLED HINDUS? OR DO THEY BELIEVE BHARATH-SANATHAN IS SAFE IN THE HANDS OF "DY.NASTY DOTS"?
ONCE THE NATION LOST WHAT WILL JOBS, ZERO INFLATION, SECULAR AND SOCIALIST DO TO YOU? THEN SIMPLY ASK BRITISH TO TAKEOVER THE POWER, VICTORIYA BE THE QUEEN AND DYNASTY BE APPOINTED HEAD OF THE NATION LIKE BRITISH APPOINTED "JAWAHAR LAID ON THE NECK OF BATEN".
Russia and China are strong Soper Powers. India still has a long way to go.
Unequal wealth distribution... buying power capacity for common people are already in low...😂
It will be good to become the second largest economy again, as we were during the Aurangzeb Era.
Why does India today want someone from the west to tell us what India would become?
@@akrishnan1382 Yeah. We only need H1b Visas from white people. 😁
Jai Hind ki Sena
Hindi me kab milegi ye video
Don't show the picture of our PM in this! He have been trampling on every factor that could have brought India atop the map of the world in terms of a trained workforce in last 10 years of his office. He reduced Govt. support for education, privatized it so that only a few rich people can afford it, he called the Muslims "the people who makes more kids" and then boasts on the population privileged of India! A heinous bunch of contradiction that harmed every possibility that has been discussed here.
Is India today can't analyse India becoming a super power.
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