IMF, Military Governments, Bureaucracy and the Economy - Ishrat Husain -
ฝัง
- เผยแพร่เมื่อ 14 มิ.ย. 2024
- Ishrat Husain comes on for a fiery episode of The Pakistan Experience on the Economy of Pakistan.
On this week's episode, we discuss what India got right in the 90s, Modi's Economy, The Early Years of Pakistan's Bureaucracy, Economic Disparities between East and West Pakistan, Military Governments, Ishrat Husain's tenure as State Bank Governor, Real Estate, Pervez Musharaf's Policies, 18th Amendment and Balochistan.
Ishrat Husain is a Pakistani banker and economist who served as the dean of the Institute of Business Administration (2008-2016) and the Governor of the State Bank of Pakistan (1999-2006). He also served as Advisor to Prime Minister Imran Khan for Institutional Reforms & Austerity.
The Pakistan Experience is an independently produced podcast looking to tell stories about Pakistan through conversations.
Please consider supporting us on Patreon:
/ thepakistanexperience
To support the channel:
Jazzcash/Easypaisa - 0325 -2982912
Patreon.com/thepakistanexperience
And Please stay in touch:
/ thepakistanexp1
/ thepakistanexperience
/ thepakistanexpeperience
The podcast is hosted by comedian and writer, Shehzad Ghias Shaikh. Shehzad is a Fulbright scholar with a Masters in Theatre from Brooklyn College. He is also one of the foremost Stand-up comedians in Pakistan and frequently writes for numerous publications.
shehzadghiasshaikh
Facebook.com/Shehzadghias/
shehzad89
Chapters:
0:00 Introduction
1:30 Why did India get right with their Economy
7:30 Modi's Economy
14:00 Early years of Pakistan's Development, Nationalization and GDP Growth
23:00 Economic disparities between East and West Pakistan
28:58 The initial Civil-Bureucratic-Military Leadership of Pakistan
39:30 Instability destroys Economic Growth and PTI's Government
45:52 State Bank, Inflation and Aid to Military Governments
1:01:00 Instability, State Bank Policies of Ishrat Hussain and TERF
1:15:00 Mushraf's Policies, Balochistan and 18th Ammendment
1:32:00 Should bureaucrats work under Military Governments?
1:36:00 Real Estate and DHAs
1:46:30 SIFC
1:51:00 IMF and Audience Questions - บันเทิง
The Shahram Azhar article I mentioned for you to look at the data yourself:
tribune.com.pk/article/20584/the-myth-of-musharrafs-economic-boom-needs-to-die
bro don't use INDIA name in thumb nail because see INDIA'S value and don't decline it
Don't use india name jih a d i
Bhikaristan🤣🤣🤣🤣
thank you for being you
the presumption that mushhraf’s finance minister did not engage in any figure fudging when they presenting their budget in parliament would be unrealistically optimistic for the competency of a pakistani leader that is reserved only for men in uniform
This charcha is like that old grandfather who keeps on saying now we are poor but we lived like royals when I was a kid 😂
OdiaCinemaLover-ye9fk Kind of but basically he is actually saying - when I WAS economic advisor to Military Generals, things were amazing, hence im Great. Its just Bhutto and the socialists that ruined everything. Also, People like Atif Mian, Shahram Azhar, Khurramm Hussain are all socialists and dont know anything. He came to podcast to sell his book and as an audition for role in govt. not because he actually cares abt economy.
Actually I'm impressed with the old guy
Buy maybe he is too class for madarsachap Pakistanis 😂
The good old days...
Khalistan Jindabad
@@Hejeheb toh kab lahore ko khalistan bana rahe ho?😂 khalsa capital👍
TATA consultancy Services (TCS) alone is employing 6 Lakhs employees in IT sector. How confidently this guy is saying 5 lakh in total IT sector. This is the kind of people guiding pak.
I think he is saying 5 lakh jobs is generated per year in IT sector.. Maybe
Founded in 1968, TCS has grown to become a global leader in the IT services industry, with a presence in over 50 countries and a diverse workforce of over 500,000 employees. he is taking with research and you are presenting extravagant figures that are put forth for click appeals
@@2MaulaJatt01no he says aadhe lakh har saal job create ho Rahi hai IT mein. So the gentleman is misinformed for sure
IT sector employs 50 lakh individuals in india not 5 lakh
@@vivekdixit7097 There is also huge amount of employment in ITES in India, not direct IT but IT enabled services. Which they probably do not count.
What rubbish!!! Just TCS employees around 500,000 people. We have so many other IT Giants and startups that is providing employment. Also, Banking and Financial services is employing large student population. The old guy has not done his homework properly on India. India is also investing more than 11 lakh crore rupees in infrastructure. This is generating huge job opportunities.
Absolutely…The guy is either a pathological liar or ignorant…The actual number is about 5.5 million…11 times more than what hes claiming…even while he was arguing about the role of civil servants in bangladesh genocide, his entire argument came down to “i have done 2 years of hardcore research, i have phds who have gathered the data”….bhai if you can’t even get basic numbers right, how do we trust your opinion on more subjective things.
600000, bro and am one of them 🎉🎉🎉
Yeh chacha k baray mey mein ny beh comment kea hai separate. You are right yeh aisay he hawa mey batain ker rhay hain
Around 6-7mn
He is telling 500000 new job per year.
Even the Economists speak lies? 53 Crores were transfered by India before Gandhi's death within 6 months of independence in one go. These people don't even acknowledge for which Gandhi Ji lost his life.
that's after Pakistan started a war with India
They used it to finance war on kashmir. They wasted that money. Thats why jinnah died like a dog on the road,Noone came to see him. His name was used,he was never respected..Pakistan forgot his secular Pakistan, democratic Pakistan.. became islamic
That was the biggest mistake of Gandhi ji. Sardar Patel was against this but he was forced to accept. At that time Pakistani forces attacked Kashmir and there was war between india and Pakistan.
We Indian ND our Socialiast uncle destroyed us Patel was against it but our uncle aunties were very eager to give money
Why Pakistan is suffering?
1.Military building housing project,
2.Maulana visiting Japan doing tiktok,
3.Cricketer doing tablighi speech,
4.Civilians protecting Religion by reading Halwa,
5.Politicians doing slavery.
Everyone is doing someone else's work except his own work.
Pure andhbhakt's analysis.
@@FarhanTH-cam283 He is not wrong on this though, I am Pakistani myself. People aren't doing their jobs because they haven't gotten there on merit, skills and knowledge. So they get involved in other jobs which are easier...nepotism, cronyism, disregard for talent is the main reason for Pak's downfall.
hatsoff to 4th line bro
cant stop laughing
Even their bureaucrats r Molvi like orya maqbul jan 😂😊
@@FarhanTH-cam283Pakistan is made for kalma 😂😂Pakistani have jazba 😂😂😂Pakistani have iman as Muslims have iman 😂😂 Insha Insha Masha Masha Pak Army Lumber 1😂😂 ,ISI LUMBER 1😂😂😂 this is as per Pak Studies 😂😂 Yahood hanood nasara sajish 😂😂
Put india name in any interview and get views 😂😂😂😂
consumption numbers are out, wealth gap is going down
bhaiya veiws doo naa international bikari hai veiws ka bhi beek magne de
you will find thousands of pro indian channels in pakistans not a single pro pakistan in india
Tu gow muttar kiun dey rahay ho view 😂
Pakistan is made for kalma 😂😂Pakistani have jazba 😂😂😂Pakistani have iman as Muslims have iman 😂😂 Insha Insha Masha Masha Pak Army Lumber 1😂😂 ,ISI LUMBER 1😂😂😂 this is as per Pak Studies 😂😂 Yahood hanood nasara sajish 😂😂
That "shehzad momin is sheik " 😂 .
Shehzad is Arabic 😂😂 ..
Kishal ka ka beta sheik bana hai 😂
I am impressed how Shahzad stood his ground against Jumman Chacha. The statement that chacha may have the figures but his conclusions based on that data are wrong is gold.
99percent of beurocrats in 1947 were all Mohajirs. The Govt of Pakistan had to import all its civilian beurocrates from India to run the Federal and State Governments. Later they were labled as muhajirs. Their second and subsequent generations are still called muhanirs.
Mostly from Uttarpradesh
It will remain muhajir even after thousand of years
And that bureaucracy destroyed Pakistan. Their desendants did exactly the same later on.
100% agree 😊. Yeah bhe gand hy sari baty iske bakwasiat he lag rahi hy
@@il313liagree
The moment the guy says,," all balochis are as patriotic as Pakistanis"
It says it all
Yes noticed it too could be slip of tongue
Yes Blochies are not Pakistani is the mindset of the Pakistan rulers
Its real, what's wrong in that, Baluchis are not Pakistanis, its illegally occupied colony, what's wrong in accepting that, the moment it separates, it will be like Bangladesh, a much developed peaceful nation❤❤❤
Freudian Slip!!
Ask balochs also if they feel so....
GDP 3.2 BN, IT sector employs only 500000 people arey chacha data kaha se laa rahe ho aise faltu wale
😂😂😂 pataa nhi kahi se uthaa liyaa. TCS akele 6lakh plus ko job diaa huaa hai
Tcs tech alone employs 6 lac
Bengaluru alone provides 40 lakh it jobs, Bengaluru contributes 42% to induan it industry, I think there are almost 1 crore jobs of IT or allied sectors in whole India
When two madrasachapp do podcast 😅
Chacha is high on green leaves … TCS mein 7 lakh hai total employee in ITES in India is 52 Lakhs…yeh sab aise hi hawa mein baat karte hai
When an IT company sets shop in India, they need building , electricity, catering and all other services. So India is training other professionals like plumbers, electricians , brick workers etc. They might be working in informal sector but earn much more than a junior software developer ! Same thing in Western countries. Show me an electrician, plumber working in 9 to 5 company in Europe / US. They are all contractors.
😂😂😂 a plumber electrician earns at par or sometimes more than a tech guy in west. Ppl choose to go sparky or even brickie. Do ppl in thirld world countries like subcontinent choose to become tradesmen? Do they live as comfortably as tech/it guys?
Initial of plumber carpenter is quite good in comparison to fresher software engineer@@usmm2257
@@usmm2257a plumber gets more than a tech guy in US ? Are you out of ur mind. I stay in US and my income is 4 times that of a regular plumber. The original comment is correct. It’s the ecosystem that matters.
@sadenb Sir, In the last few years the economic conditions in the US changed a lot. There are many plumbers in the US earning 2-3 times that of an IT guy. All IT guys are not IIT graduates... A single house call to fix a single plumbing service requiring a couple of hours of work, can easily cost the service receiver $500. Similarly.. an automobile service is 3-4 hundred dollars for a small job. I have been living in the US for over 40 years.
This. This is the content I can watch and feel like “finally time not wasted”
🙌
For every Indian just watch 1:30 to somewhere around 20 minutes. If you are here to listen about India. Peace🙏
some common paki lies to counter - 1) India GINI has gone dramatically down not up as of latest consumption survey - the inequality narrative is a meme, (2) India extreme poverty now under 2 percent not including free food grains, multidimensional around 14 percent and rapidly reducing. they keep talking in reverential terms about China lifting 700 million out of poverty but fail to mention that India has now done the same (3) way more than 500k people work in Indian IT- one company TCS itself has 600k employees. real number is probably 10x that at the very least and growing at 10 percent plus per year and that's not including offshoot benefits e. g swiggy has 6k corporate employees but 300k delivery drivers, ola uber have created 5 million driving jobs which pay a modest lower middle class wage.
Thanku for saving my time 😂
Dhanyavad bhai🙏🇮🇳
Thank you 😂
Next time you hear them taking about establishing relation with India.
Tell them India have more important things to do!!🫡🇮🇳
Pakistan was never one of the ten most growing economies. You are telling white lies. Pakistan has consistently been an IMF borrower since 1958.
Bangladesh has now a per capita GDP higher than India, with strong steady growth rates over years. But it also goes to the IMF. One has to do with balance of payments and other is growth they are not mutually exclusive... IMF is a creditor like other with low interest rates but " political " strings attached to it
@@f0815Hi-cd1toBangladesh Per capita was only temporary above India during covid lockdowns, now its below India but bother are higher than Pakistan.
@@f0815Hi-cd1to you are still living in COVID times 😂
@f0815Hi-cd1to First, understand the difference between IMF and World Bank. IMF is for the beggars like you.
My heart went out when this old man said Ayub order to attack hindu student in Jagannath hall! They are in human brutual and fundamentalists!
Mark my words
"Balochistan , FATA , KPK will be independent nation in a decade or less. 😈
More likly scenerio is for Tamil Nadu, Kashmir, Nagaland (and rest of the Nort-east) to be independent nation.
be vigilant to the situation you have at home. Khalistan
I think he meant 5lakh new jobs .. TCS alone employs 6.5 lakh people . @the Pakistan experience people please note . Plus banking sector employs 1.5 million people and hired 1.25 lakh people last year . Where India is seeing a spurt is infrastructure, banking, food processing . Check the number of cars sold. Apparently every car sold generates additional demand and India sold 4.1 million last year with average price going up significantly. 2 wheelers sold is almost 20 million plus .. just see the infra spend and u wud know the kicker is on it way .. last quarter was 8.4 %
He actually said stock of 5 lakes which meant total 5 lakh jobs, not new jobs. That was factually incorrect.
Chacha is not liking the host , and host is looking frustrated with the chacha jaan.
Host communist hai they don't like anyone
He has a very closed vision. Chaploose bureaucrat. He is justifying his chaploosy
Bureaucracy ka be hath hai Pakistan ke tabahi mey, they are tunnel and myopic vision people who possess no talent and are disconnected from the modern world.
@@induchopra3014 and indian will come and tell us who is whom.. the host is not even worth the calibre to interview him.
Sorry, he has given space not much counter when he was speaking abt India
To all the Indians watching this video the summary is chacha Jaan is trying to justify his book while bhatija is trying to find flaws.. 😂
P. V. Narasimha Rao and Manmohan Singh saved the reputation of Gandhi & Nehru families from the bankruptcy disaster which was about to happen in 1991 due to their 44 years of Socialist policies. Congress Party and Gandhi family still hates P. V. Narasimha Rao for not taking the dictation from Gandhi family and humiliated him even in his funeral by not allowing his dead body into Congress Party office in New Delhi and his body was torn by dogs due to incomplete cremation. Congress Party did not honor him with "Bharath Ratna" for his services to the nation despite being in power for ten years. Despite being the rival of Congress Party, it is BJP which honored him with "Bharath Ratna" very recently.
Few in Congress acknowledge even today the services rendered by Sri PVNR.
Plz read actual news and not watsapp news
@@soniaamin1270 The people who really read WhatsApp news will accuse others of reading WhatsApp news.
Till date Scamgressi call PVNR the first PM of BJP this is on record...which means BJP save the country from collapse.....nd Nehru ND Gandhi families Socialiast policies were/r disaster for the country they ruined our country Scamgressi should accept it that they failed miserably.
@@soniaamin1270maybe you stop reading from luteyens media and search about it it's true
Few years ago Pakistani thinks that there forefathers from Saudi but after watching ertgul tv show they think that there forefathers from turkey 😂
Paxtanis seem to be mentally nomadic
Still better then being born from a cow 😂
@@Sh-lz2jq Those are called calves. English sheekh zara.
Someone said: Log najayaz bachhe banate hai. Pakistan ne najayaz baap banaye hai!
Actually there ancestors or baaps were hindus
Check google rate of growth of Pakistan upto 1970 was 4.8 percent. It was never 7 percent.
And with 6-7 population growth. Gdp is negative.😂😂
Inki population growth bhi 3-4% thi hamesha
Quote Source 6-7 population growth?
Dr. Ishrat Hussain's "Governing the ungovernable" is an exceptional book. It elaborates the problems & remedies of the governance in Pakistan.
Pakistan me itne sare intellectual hai par fir bhi bankruptcy hai 😂..
Intellectuals nahi bhai padhe likhe bkch0 d
Bhai ye sab madrasachapp h 😂
india is 5 biggest GDP but still 40 Caroor Bookay Nagay
Khalistan Jindabad
Gobar Murdabad
Yeh log kaam Kam aur bolte jyada hai ....😂😂😂
Wrong: IT employment in India is 5.4 Million (i.e., 54 lakhs. Not 5 lakhs)
Wrong: India GDP crossed 4T$. Not 3.2T. If you include the informal, it's already in the 5+T range.
Wrong: Super rich is a problem only if: 1) they hide their money in mattresses and/or 2) interfere with the Constitutional democracy. Otherwise, it's irrelrvant. Adani's and Ambani's wealth keep creating economic prosperity. They cannot personally consume natural resources nominally more than commoners. Socialists misunderstand the presence of super rich.
This guy is the authority?
TCS alone has 6L+ employees
4T abhi cross nahi hua hain. That was a rumour
@@fredrickdemello2260 imf datamapper dekh lo, we will cross 4T this year
also the new consumption numbers are out and inequality has actually gone down
and adani hiding money in offshores and also interfering with democracy
bro don't use INDIA name in thumb nail because see INDIA'S value and don't decline it
Genocide was carried out by Tikka Khan and his criminal army
Golden Temple and 2002 Gujrat ?
@@Hejeheb Bhindranwale & Godra
This man has more understanding of the Indian economy than many Indians. He has done a lot of studying.
The LICENCE RAJ, by Nehru is the REASON, we are NOT a $10 TRILLION ECONOMY 😢😢
True
Yes
False... Try to read and understand the thought process of Nehru after Independence...and India's situation in world context... Read history... Not what whatsapp University is teaching you friend..m🙂
Nehru license raj was on decline almost by Shastriji . But he was killed in conspiracy prolly by KGB to install Indira gandhi who established the True Nehru Dynasty and continued the license Raj. In this license Raj chosen industrialists like TATA Birla , Nehru loyalist like Bajaj jinadals and some ppl with talent to Bribe like Dhirubhai Ambani became Crony capitalists and made huge amount money By getting massive protection and monopoly .
Old zamindars and Raja privy purses and privileges were abolished but they were converted into MP MLA of their area. Congress is finished in UP bcoz the lower caste Tenants rose up and Kicked out all these zamindars by voting.
Biggest price india paid was we lost the decades of Free trade and globalisation. Now when we r entering De globalisation and protectionism we r trying to industrialise and export ... very tough to do. Prolly we will have to rely on internal markets now. And won't surpass 8% growth
Get well soon
We in India would be grateful to Dr. Manmohan Singh's contribution to our economy for years to come.
Fun fact: He was born in what today is Pakistan but moved to India during partition.
Irrespective of party lines, that man kept us intact despite the 2008 global economic recession.
I respect him a lot. He's an icon.
Nothing but immense admiration and deep respect for Dr. Manmohan Singh. One of the great sons of India and a master reformer.
He is not did great for Indian economy...even Russia did much batter than India that time ...he is non deserve celibrated by left liberal gang
And what about his slave like actions in front of Sonia gandhi....
He is was like kattapan from bahubali 😂😂
Not just 2008 but also the 2013 euro crisis.. and gave us a 8.4% avg GDP growth in his 10 years.. including the government paralysis of 4 years.. no matter what BJP says.. he was a genius
With 18% NPA@@rohand04
Hats off to Dr. Ishrat Sahib's appearance in this TPE podcast, which is nothing short of remarkable. With an impressive background as a banker and economist, it's no surprise he brought such depth and insight to the discussion. What stood out the most for me, was his extraordinary composure and patience, even during the most challenging moments. His ability to remain calm and collected, providing thoughtful responses regardless of the pressure, was truly inspiring. An embodiment of professionalism and wisdom, Dr. Ishtar Sahib exemplifies the qualities of a great leader and thinker. His contribution not only elevated the conversation but also left a lasting impression for many. A must-watch for anyone seeking to learn from one of the best in the field.
The old guy got grilled by Shehzad 😂😂😂
The old guy was talking out of his a## and trying to absolve the social services of 1970s(possibly because he himself was one of them) but as Shehzad confronted him with cold facts, the guy had no response and was visibly shaken that his lies got exposed. 😁😁
Shehzad, humble request to bring someone who has actual knowledge of pakistan and finances next time, and not someone like this guy who thinks he can get away by spewing any BS 😄😄
It was fun to see Shehzad quietly grill this old useless guy 😅
Chamchas are like that. Spineless
That’s not true about the it sector that it’s only 500000 jobs . For example e.g Accenture itself has 400000 people employed in India. Basically the industry hires 250,000 per year . Yes there is jobless growth but the it industry numbers shared on podcast are wrong
I dont know from where he got the figures. But
TCS ALONE EMPLOYS 6LAKH PLUS PPL.
He is saying it adds 500k every year not the total number of people employed in that industry
Kya bat kar Raha hai he is saying 13:05 "Aadhe lakh har sal add kar rahe hai" aadhe lakh is 50,000 not 500,000.
Log sahi comment kar rahe hai.
we are adding 7-8 million Indians a year and adding 500k IT jobs, probably 1-2 million IT enabled jobs (eg delivery man for ecomm) it's not bad for one sector. i think he got confused between million and lakh
@@GuzzarAwan You are born stupid. TCS doesn't hire 6 lakhs every year.
according to author, every Good thing in Pakistan happened because of Bureaucracy
and every Bad thing in Pakistan happened because of Politicians
At 27.22 he showed his true Jihaadi colour by talking about how Pak and Bangladesh could be a counter force to India if 71 was not happened. This is level of public intellectuals forget Army and others.
Obsession with INDIAN Economy is NEVER ENDING LOVE STORY 😂😂
The obsession of Bakhts with Pakistani outlets isn't far behind either. 😂
@@waleedabbas4996 Mulla SPOTTED 🤣🤣
@@waleedabbas4996chal be andhnamazee
@@waleedabbas4996 Pakistani bullahs thinks people care about his begger country 🤣💥
@waleedabbas4996 If there was any obsession, we wouldn't have been here, and you would have been there 😂
Why there is no aman ki asha within pakistan/muslims 😂😂😂
Muslims in India are illigally Pakistani citizens they are living illigally in India since after taking Pakistan in 1947.
Like Pakistan send Afgani to Afghanistan similarly India also need to send 24 crore Pakistani to Pakistan than India can sell 24 crore peoples food to World and earn billions
Respect from India.
More power to you.
The guest had no answer to your questions
🙌
36:15 🗣️ shehzad made serious podcast : guest made it comedy show 😂😂
It doesn't look like a healthy debate. There is race between you both about who is right.
Chacha don't want to accept your thoughts😂
He rejects growth rate reports directly and claims his own stats.
He rejected 1971 mistakes.
He ignored establishment and wants full 5 years government to sort out all issues.
Chacha becomes angry if you try to prove him incorrect😂
He is not here for debate. He is here to prove himself correct.
Anchor is doing a good job with tbis channel but you should know that he or any other economists (as well) cannot reach his level in years. Google him, his books, his work and his administrative and economy related articles, research papers.
Usual chu*** bureaucrat who will try to have his own way. Esi bureaucracy ny kabara kea hai mulk ka. They are disconnected people from the outer world and globe. Have zero growth in sense of education, training and technology in their service years.
where from Rajiv Gandhi got the resistance from? He had no opposition. Congress party tilt was on socialism and the party did not want to change it. That was the problem for Rajiv.
Within Congress, Communists, poor people etc. en.wikipedia.org/wiki/Rajiv_Gandhi
You are right that Congress has always been tilted towards Socialism. The reason is many people think that they should get things for free.
One of the best episodes due to the difficult questions asked by the host. Most of the questions on mind regarding Ishrut Hussain's work were asked in this episode. Ask him about military business, especially, the monopoly of FWO and NLC whenever you get a chance.
🙌
Btw, 5.4 million people work in IT/ ITES sector not 500000 as your guest suggested. TCS alone employs more than 600k.
He said 500K more are being absorbed each year. Not saying total employed people. So a flow concept vs a stock concept.
Uncle got IT industry decimal wrong.. Indian IT industry employs 5 million and not 0.5 million people. TATA consultancy itself employs 0.6 Milliom employees. Senile guy
Quoting stats off the top of your head will result in such mistakes, it can happen to any academic. This is why actual discussion happens in the form of text.
@@waleedabbas4996 yeah but you don't misquote such significant numbers which absolutely twist the argument into something else where the synopsis is reversed.
@@tarunreddy2031 Even changing it one decimal point over, total jobs are 5M and new IT jobs per year are 500K, doesn't his argument still hold true?
India needs an outlet for its youth as automation/digitisation continues to take away jobs. This isn't limited to India either, it's something almost every developing country is going to struggle with.
@@waleedabbas4996 not the extent that he currently makes it to be. That like saying india has a poverty of 50% instead of 5%. Sure poverty still exists but you paint a whole different picture when you misplace numbers at that level.
Your point about automation, i work in the west and its an issue even in developed countries, not just developing. What the gentlemen above doesn't realize is the informal sector in india is quite strong. With the kind of infrastructure that's getting built and how the middle class is starting to bulge, guys from the informal economy are making a lot of money. They will never show up in the financial analysis but are more well to do than most engineers and tech workers. the only thing they ought to do is pay taxes for the betterment of the nation. India is also steadily diversifying, think we will be one of the pioneers with regards to AI and block chain going forward.
@@tarunreddy2031Its quite clearly a Lakh/Million confusion error by a Desi uncle. Happens all the time.
This is the most interesting, educated & intellectual thinking I have listened to, since a very long time. Dr Ishrat Hussain needs to be the Finance Minister of Pakistan, if your country needs to move forward from this economic crisis. Being an Indian, I heard him twice for his really balanced & truthful review on Indias economy. Keep up such interviews.
I love this person. He is one person - who is practical and could adjust based on what the data tells and with time.
Only Bangalore IT industry provides 17L employees.....where these guys will get data....😮
Great interview. The person being interviewed is speaking in such simple terms that anyone can understand.
And the interviewer is just providing momentum to the discussion and not breaking the rhythm.
Brilliantly done. Kudos to both. Great discussion.
🙌
This kid is amazing. Such maturity and poise, better than most "seasoned" journalists out there.
U have done very good interview .
Asked him every single question on his record which shd be asked from a top bureaucrat who has been in decision making for long time.
🙌
@@ThePakistanExperiencewhy you are obsessed with indian right wing views
@Hejeheb
Whatever sells... India in title even if only 13 min out of almost 2 hour podcast were about India... typical clickbait😂
Esi chu*** bureaucracy ny kabara kea hai Pakistan ka
I must say as an indian, his insights are actually very well balanced and well analysed. Kudos to you for bringing him here
🙌
Exactly! But Shehzad didn't fully appreciate this unfortunately. He seems very hot-headed compared to the very experienced, nuanced, and practical Ishrat Hussain. He is judging him based on the regimes he has served under instead of his knowledge and thought process.
Very well analysed 😂😂 Indian IT workforce as per NASSCOM data 2023 is 5.4 million not 500,000. Chacha 50 lakh ko 5 lakh padh ke aa gaye hai internet pe aur Gyan de rahe hai. Bhai kuch research kar ke aa jata
Bro you need education if Pakistani intellectual sermon seems trustworthy to you😊😊😊
@@PP-sb2qm you really don't have to go after my education buddy. I assure you it's quite robust. But if you are in the mood for sweeping statements please go ahead
Can't believe, despite his name and fame throughout my life, i am seeing him for the first time. Such a great mind he is ❤
So far, the most sensible Pakistani person that I have come across on podcasts
The speaker has been closely working with the establishment/ govt over the years and is distancing himself with everything which has been done. “I have done my bit in the interest of the nation” Ironic
Hypocracy. Praising himself ,putting blame on others. All good is his, bad is others. Not once he supported his bosses or country
Great job Shehzad! Despite never having heard of this gentleman before the podcast, by the end, I had a great understanding of his perspective (whether or not I agree is a separate point) and I think the "interviewer" must be commended for this.
🙌
32:23 loving the tension, and how calmly you are countering the narrative here.
🙌
IINDIA’s IT SECTOR HAS 5.4MILLIONS JOBS AS ON MARCH 2023 MILLIONS OTHER JOBS ARISING OUT GROWTH OF IT SECTOR
Pakistan had been using East Pakistan to earn dollars and investing in Punjab and army.
Hey Shehzad, this is Bharat from India, this was quite an insightful podcast, what a 'grilling' and what gutsy questions u put forth towards the guest.
I ve shown this to many Indian friends and posed the question whether any indian podcaster (popular ones) had the guts to put such questions to any bureaucrat, yahan to TH-camrs bik gaye, with many of em receiving govt awards.
Aise podcasts india me ho to gazab ho jaaye!
Salute to your conviction and keep up the good work and just know that we are listening, we are watching!
Keep up the good work brother, take care during ramzan 👍🏻
🙌
Dear Shahzad,
I wanted to share a viewer's perspective with you. During your conversations with guests, it might enhance the flow and professionalism if you have printed data sheets from credible sources readily available on the table beforehand. This way, you can seamlessly reference information without needing to search on your mobile while the guest is speaking. Additionally, it's generally considered impolite to use your phone while engaged in conversation with a guest.
There is always mention of how India undertook the 1991 reforms that put it on the road to becoming an economic power .
But the reason why India could do it or rather why India HAD to do it because of the greatest Geopolitical event of the 20th century - collapse of the Soviet Union .
With it's Eternal Friend gone , India had to get up and stand on it's own feet .
If pakistan has to do the same , it needs to forget that Big Brother China even exists .
No more slogans like " Sweeter than the Himalayas and Higher than the Oceans "
China didn't dictate. It's only US..
China encourages trade between Pakistan and ind
@@muhammadali-pu2wg nobody encourages or discourages , they all have their self interest .
The only country that can help pakistan is pakistan itself .
if the problem of balochistan can be solved by providing government jobs then why not solve every problem in pakistan by giving everybody a government job..... knew pakistani people are delusional but this guy takes it another level ..... he actually would sound better were he mediocre but this guy excels in his incompetence truly a masterpiece.
Tum Allah ki azeem kaum aur Ham Proud Kaafir , ye hi h farq
@@il313liex muslim sahil or Adam seeker ki video dekaha kr 😅
@@il313li Hn bhai, 1971 firse repeat 🔁 hoga 😂😂😂
BJP IT cell at work...
@@il313liTere abu ne Talwar ke darr se Salwar pehen li..
Beshak. Tum hamary tatton ki mayl hol
Tbh, great patience by ishrat hussain. Personally i found academics to be very hot tempered when it comes to the kind of questions like this. Political logon ne aik image maintain karna hota hai they have to be patient. But academics normally become defensive. I like the patience in his responses
Usually i don’t like the way you treat the guests on the podcast but this time you’ve done it really well. Keep up the great work!
Kaam karo allha allha mat kato 😂😂😂
Muslims in India baache Allha ki den hai berojgari bhukhmari Modi ki den hai 😊
Hilarious coming from a troll on TH-cam.
@@waleedabbas4996 really 😂😂😂
@@waleedabbas4996 shame on islamic nation Pakistan for kicking out afgani Muslims where is your muslim brotherhood
thats bcz they are converted muslims see saudi arabia real muslims thats why they developing
@@Hindutavalover
The difference between consistent growth of Bharat and consistent decline of Pakistan is Only and Only the root which Originates Jihadi mindset.
Well, the per capita ( per head) GDP up to 2006 was higher in Pakistan than India....
Chutiya it’s because Less Export and Tax not JIHAD
Khalistan Jindabad
It was a highly intellectual discussion...
Excellent pre-work and Love the line of questions for insightful learning 👍🙏❤️
❤️
Is it only me ya koi aur Pakistani b dekh rha hai? 🇵🇰
Half way through and loving it ❤
More Indians are watching. Welcome. Watch. Learn about yourself. Still army will rule,no use. Like he said beurocrate are puppets of rulers. They are not to be respected. They are loyal to dictators. Corrupt leaders,not people. And so shameless about it. In india beaurocrates refuse wrong orders . Fight unjustice. They highlight corruption
😅
@@M_R___974 100 to 150 GB data for month in 7$ or 8$,, it depends Konsa package Le rhy h... I am sure you know Keh podcast dekhny k Liye uska acha lgna AUR free TIME hona zrori bhi zrori hai.
India main Kitne USD main hota hai?
@@AamirSohailAttain 6 USD, I get wifi for 1 month at 30 mbps unlimited. For mobile data., nearly 6 dollar only for 2 months, 1.5 gb everyday.
1970s started economic downturn of the pakistan with East Pakistan which was more productive than west got seperated. Bhutos nationalisation stifled private enterprises. Zia made Pakistan addictive of foreign aid, although GDP growth in Pakistan propped by huge foriegn funding from 1950s onwards. Zia also created the terror infrastructure which haunts Pakistan till day. Until terror infrastructure is completely destroyed, no foreign investment will come up.
Well, the per capita ( per head) GDP up to 2006 was higher in Pakistan than India
@@user-rh5jp2sh4s that's due to war on terror money flowing in
Sir TCS only employs 500000 .. so the number quoted is wrong .. i will tryt to find out the number of people which IT employs
Can you post the title of his book I would like to read it
Development pathways
Like Pakistan send Afgani to Afghanistan India also need to send 24 crore Pakistani to Pakistan than India can sell 24 crore peoples food to World and earn billions
Every Right-wing Party Support the Capitalism like BJP, so during the period of Atal Bihari Vajpayee free trade activities boost up in India. But unfortunately your country's right wings parties only support religious activities unlike BJP 😅😅😅😂
Yes and bjp not even proper right wing 😅😅 . I like bjp but they are still centric
I found Dr Ishrat's arguments on all points to be robust and data-driven. Even his politico-economic views were quite pragmatic and realistic.
Shahzad shab well done, u really raise very good and piercings questions. And hatsoff to Dr Hussain for politely and patiently answering those tough questions.
🙌
to create jobs.. Modi govt pushing hard on manufacturing
Have never seen Shehzad this angry with any of his guests.. asking really tough Questions
See podcast with Muzamil Husain or Sahil Adeem.
The guest was alive during the whole time when these events of history were happening. The host was only alive for like 25 years providing knowledge he has read in a book. Let the guy speak the reality that he has seen or even has worked in. Lol let the guest speak and absorb what he is saying then ask questions.
"People of balochistan are as patriotic as pakistanis"
This statement shows that even you believe that Pakistani and Balochi are different
We've got a highly educated guest, and a host that tries his best to be objective. As Pakistanis they might have completely different opinion of India that we Indians have but we must agree to disagree but still keep our ears open and not becomr prideful.
The Chinese were silent for 2 decades, we should do the same.
In almost all Indian languages we have sayings that warn us against becoming prideful "ghamandi".
Hope my fellow Indians understand and calm down. Let our success speak for itself, otherwise we'll just end up barking.
How about you stop barking first.
Love your thoughts ❤️
Loved the way you didn't get offended by the at-times guests' mocking remarks directed at you, still, you kept standing your ground despite disagreements.
🙌
@@ThePakistanExperiencehate comments pe bhi reply Diya karo bhai
Mai Sirf pyar phechanta hoon
@@ThePakistanExperience maza aayega bhai, thodi taang khichaai to chalti hai😉
@@ThePakistanExperience bhai kabhi kisi Indian ko bhi bulao apne podcast pe virtually. Comments dekh kar lagta hai aapke 80% se zyada viewers Indian hai, koi Indian Banda podcast me to Banta hi hai
Excellent 🎉. A true practical approach and the management perspective on Economy. No blame game.
Believe on Value Addition 👍👏👏👏
🙌
Huge respect for this man first time I have heard from any Pakistani that he cares for Indians,and I can feel him.lots of respect sir
I think I rightly resonate with the ideas of this wise man.May
I get the names of books he has written?
This person is an an insult yo the word intellectual and those who published and read stories from yhis man are equally to blame. Fall of Pakistan should be attributed to such egoistic and ideological minds
Pakistanis are a martial race, hence economics is not for them. Pakistan has always ensured that Islam has guided their nation through toughest times and so will this pass. Pakistan with it’s piety will always attract mercy of Allah
Ab yeh dekho.
@@RaviKantYadav-sw8jr never interrupt your enemies when they're making a mistake
@@RaviKantYadav-sw8jr 😂 Let him be, by the time he would realise his delusion, India would have become developed.
When you interact with a Learned person like Ishrat , you enjoy interacting. I am really impressed with the way you reply to tough questions. Slow reply but factually correct reply.
🙌
He was spot on india's current unemployment crisis 😢😢
Are you unemployed?
Great discussion... Love this.. Respect from India.. Guest and host, both are honest and true from heart. Be blessed..
🙌
Well done Shehzaad ! Well researched preparation from your side 👍
🙌
I have not heard such an excellent exposition of Indian economy like this
Most versatile and dynamic podcast..... congratulations ❤
❤️❤️❤️
It was a waste of time.
Even the so called experts of Pakistan are so mediocre.
This guy despite his supposed wealth of experience sounds like a schoolboy when compared to the likes of Shamika Ravi, Arvind Subramaniam, Sanjeev Sanyal, Radhika Gupta talk about economic issues.
Props to shahzad for challenging and questioning instead of just listening passively
🙌
Pak TH-camr does not survive without India. They have not get TRP and views without India discussion
2 hour long , how many min on India???
@@user-rh5jp2sh4s every video on this channel has India mentioned.
@ghoul_0077
This video, approx. 13 min out of 2 hours on India. Checked titles of his videos. This one and one before has India in it. Before that, many many videos ( a loong list) with no India in title. So, there is no empirical evidence for what you claim. Shahzad has many guests on where they have a critical discussion on Pakistan's state of affairs and history. But yes, in the comment section, you have Indians (many of the BJP IT cell types) who like make that a basis to take a dig at... So be it, whatever helps their low self-esteem
To tu apni baji paish na kar yahan
Itne khatarnaak neolib uncle hain yaar yeh tou 😐
Haan
Wow , wonderful discussion.
🙌