The State of the Indian Economy | Talk by Rathin Roy | Part 1
ฝัง
- เผยแพร่เมื่อ 19 ส.ค. 2019
- Director of NIPFP & Member of the Prime Minister’s Economic Advisory Council - Rathin Roy - presents his observations on the current scenario of the Indian economy.
Watch part 2 of the discussion here: • The State of the India...
Dr. Roy is joined by ORF analysts.
• Abhijit Mukhopadhyay, Senior Fellow, ORF
• Angad Singh, Project Coordinator, ORF
• Harsh V. Pant, Director of Studies & Head of Strategic Studies, ORF
• Joyeeta Bhattacharjee, Senior Fellow, ORF
• Kanchan Gupta, Distinguished Fellow, ORF
• Lydia Powell, Distinguished Fellow & Head, Centre for Resources Management, ORF
• Mihir Sharma, Senior Fellow & Head, Economy and Growth Programme, ORF
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Even these experts didn't expect the Indian government to take the same amount from the RBI to cover the shortfall.
RBI has operated the magic wand of 1.76 Lakh crores ₹. Temporary fix for 2019-20 budget estimates.
26:01 that is why govt is pondering upon external borrowing which will have other consequences in the long run since we are consumption led economy with minimum export
Between Millennials and Einstein they will look to solve the problem...if all fails they can put their hands in RBI pockets again.
👍👍
Good work sir.
Indian economy is going to struggle more as now the global economy is also slowing down. Trade Wars and Currency wars will affect India too. The ageing west will consume less and India's exports will suffer more. Indian govt does not understand that mere promises don't work. US Dollar is in crisis and a new Reserve Currency is likely by the year end. Stock markets likely to crash and precious metals and Bitcoin to soar. We will soon enter into a new global monetary system where old principles of economics may not play the same role as now. Prepare for the Greatest Economic Meltdown since 1929.
सरजी , we recognise US Dollar only. No other currency.
GOLD IS RECOGNIZED ONLY. IGNORE MY PREVIOUS COMMENT.
Good work
Thank you
Interesting!!
Very insightful
Thanks sir speaking up for transparency and accountability
Economy is in huge mesh and Gst is not revenue neutral but for MODI GOVERNMENT all is fine
MODI HAI TOH MUMKIN HAI🙂🙂🙂🙂🙂
When will you upload the 2nd part?
is it not time to use quantitative easing as a tool like the US.... whats the probability that it will not be inflation creating
Well
😎😎
Please do a follow up session after today's announcement about corporate tax cut
In 2020 there will be no economic survey published ans the people made it will be replaced with better ? persons
If the GST rate is much lower than the excise/VAT taxes, then atleast someone in the value chain must be making more profit since the consumers have not benefited by lowering of prices. Is there a gap in my understanding?
No, as simple as it GST is a very confusing tax even to economists
why gdp expenditure is only 12-13% ? is the rest of it distributed the states ?
Sir,
Pls. Update about the process used for getting this numbers.
kumar /bharat. Were you not listening?
RTI😂
@@manjushaapatil no content he want to listen 😂
Did you cut ______😃😃
Sorry, an off topic, but where in india beverages are sold on those reusable bottles? I am only aware of reusable 'ball soda' but what kind of packaging is it? any link to similar product would be nice.
For now, they solved it by dipping into RBI reserves. God knows what they will do next year! May be they will repeat it for the next four years and bring RBI reserves to zero! They are capable of doing it!
And, then, perhaps, disbanding RBI completely, as they don't have much faith in autonomous institutions anyway.
US prints dollars fastest . Still it's economy grows. Govt should stop worrying about fiscal deficit and rather invest in infra and see more money with people to increase expenditure that fuels growth. Give monthly scholarship of 10k to every students who joins an undergraduate course. Mint and give, nothing wrong will happen. It will come back multiple times to society. Reduce or remove Income tax etc. Remove tax on diesel and electricity given to railways etc that will result in more money with people.
More printing brings down the purchasing power of currency...
@@trends2morrow107 Yes, I agree with that.But if it is spent on areas which bring good ROI to society it should be the option.
Chutiyaa bhakt
Bhakts type out comments faster than their brain works
If GST has reduced the cascading effect, the sales should be higher and in turn the revenue and in turn the tax collection. Where is the block?
I think we need to increase the population of India so consumption can increase and thus GST collection. 😊😎
@@kp94698 I'm not qualified to comment on the need to change rate, only thing is to clarify that GST is applicable only on the additional value of the product. So final consumer / govt. pays/receives the applicable GST % of that product.
@@kp94698 Thanks. You're the only one with a sensible explanation. But pre GST the manufacturers had to pay ~32% based on the cascading effect as per this speech..
@@kp94698 very true, still it is very surprising that collection is lower. Taxes are being collected upto the last consumption point, plus more items under the tax net as you mentioned and still collection is lower. We are truly f...k'd.
There's a glitch in the matrix
Is it time to say goodbye to GST?
Our finance minister is busy quoting verses and hymns in parliament. I think our present economic adviser is not competent for this post.
Not sure about your comments on the finance minister, she has not mentioned one verse or hymn that I know of. Think you're just venting out rather than giving a serious criticism. Well done. You've added nothing of substance yourself.
She is quoting Tamil poems about elephants before her speech.
"Old fashioned economist"..why we are even listening to this
Basically PM KISAN with 70k cr is the culprit why dig into so many numbers.
Well said...Governments have the habit of flushing fiscal discipline down the drain just before elections. UPA did it with Food security act before 2014 elections and NDA with PM Kisan before 2019...I think the election results would have hardly changed in either cases..
akash ఆకాశ్ Were you actually listening?
Did not really understand what he wanted to prove. If GST is high still the ppl cry and if less than arm chair critics will cry. The less rates in the GST regime is still being resented by one and all. Even the biscuit manufacturer wants the tax rate of 5%.
Abolish IT and limit GST to its minimum level.
Anpad insaan
Freeloaders are
@@mdpasha5599 idiot how will reducing tax help fiscal deficit?
@@pandugeet haha, Swamy ka wattsapp gyan mila hai champu ko
I see, most of these experts always criticize, criticize and criticize. However, they never offer solution. By such criticism they run their narrative motivated by some external force from where these people earn hugely. I assure, and you will see in near future that nothing what this chap is saying, going to happen. Guaranteed. The country will continue to run.
You are absolutely correct.
Why the need for so much drama ?
Unexplained 1,40,000 crore shortfall in revenue is not worth drama?
Behind u mamtaz bannerjee
Get haircut and facewashed, mate.
He is in modi’s economy adisory board , kya kiya isne board me rehke , ab MODI ki galti nikaal rahaa he
Go and eat Rosogulla and bring pariBorthon useless fellow
Get hold of chidambaram and other black money
Economy will grow and its the side effects of previous govt economy