India Will Not Be The Next China
ฝัง
- เผยแพร่เมื่อ 9 พ.ค. 2024
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Up until 1990 India was slightly richer than China on a per capita basis, but since then China's economy has grown far faster than India's. In this video we look at the structural issues in India's economy have thus far prevented it from achieving the same level of economic success as China.
The Economic Explained team uses Statista for conducting our research. Check out their TH-cam channel: / @statistaofficial
0:00 - 1:50 Intro
1:51 - 2:38 Morning Brew
2:39 - 3:25 Washington consensus
3:26 - 5:53 Protectionism
5:54 - 7:45 Export competitiveness
7:46 - 10:18 Bureaucracy
10:19 - 13:38 Manufacturing sector
13:39 - 16:18 Technology
16:19 - 18:40 Service sector
18:41 - 22:22 Informal economy
22:23 Limitless potential
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Indian people will dislike your video. Due to their insecurity. They can't take criticism, and always wanted attention with sweet words. They r 🐑 who follow blind. They will call u western propoganda channel.
I dunno... I no longer see this channel as "Educational"
Now I genuinely see it as a Pro pa ganda channel
Why is Kashmir not shown as part of India
Pls change this
Do you have any plans for a video on Portugal's economy?
Plz show the proper map of India
Being an Indian, I have seen times when electricity would come for 5 hours a day to now 24 hours a day. I am sure indian future will be bright.
In New Zealand we take 24 hour electricity for granted.
@@haydenriggsnz He is talking about progress in last 5-10 years not about current developed status
That's the thing, China's electricity production is 5x larger than India and grew 8% last year, that means in just 2021 China added more new electricity than 40% of the entirety of India. There's a reason Kardashev scale is measured using energy, India has a lot of potential but when China is adding half of India every year comparison to China is simply not realistic.
Talking about India surpassing the US is actually more realistic in the short term, but you won't see that from any Western analysis.
@@vlhc4642 Speaking purely on economical terms the US is far ahead of China so I have no idea what you're on about regarding it being "more realistic in the short term" for India to catch up to the US than China. US's economy is far more developed and larger on a per capita basis than either India's or China's.
Yeah, exactly its astonishing how fast things are changing in India 😁.
Now we are also late in 5G adoption but forecast says we will reach 100 millions 5G users within a Year only. And in 2 years 90%of country will have 5G coverage. That too at cheapest price in the world !!!!
China has been built on infrastructure, investment and manufacturing; India has barely scratched the surface on all three
That is true.
Their main obstacle is bureaucracy with an Indian flavor and corruption. Their form of corruption and nepotism is unique to access money, but without the benefits associated with it.
yes but India started doing those things
We need more time
India is build on corruption, Cancerous Bureaucracy from top till bottom
As a Chinese, I am very happy to see India developing rapidly. Competition between multiple powers will bring great benefits to the living standards of ordinary people. I believe that people in developing countries can eventually live the lives of Europeans and Americans through hard work.
对我们来说可就不同了，以后你只想读个中学或者大专，没有大学文凭，就想出去找个工作成为流水线工人可能就麻烦了
@@user-if6rq1bj7o看看美国德国的非大学毕业生，就不会担心了。发展才是硬道理
@@user-if6rq1bj7o怕竞争永远活不长，印度会发现每走一步前面一直有个阴影绕不过去
live the lives of europeans and americans, what a bold statements . go take a look at the now europeans and americans "life" , dont get confused from what people trying to show you , go take a walk at those countries.
@@yingzhonghu你不知道美国有五分之一的极端贫穷人口吗？并且制造业缺乏导致大量找不到工作的红脖子白人。更不要提贫民窟里一堆黑人Spanish人。只有德国靠着中国市场和俄罗斯能源才能负担起，并且提供了高质量的制造业工人。
As a 33 year old entrepreneur in India, I'm so excited and grateful for the chance to be young in 2023. It's an exciting time! Lovely to see the episode!
Working in Silicon Valley, I know so many Indians who plan on returning home to found tech companies. I wonder what role this will play in India leap-frogging into a services economy. Good luck, India!
Most of them just say such thing, barely anyone goes back home and the ones who do, usually do so due to issues regarding their visas or ageing parents(rarest of the rare) and that's it.
@@divyanshchalgotra2681 One of biggest point is that many of under 30 Indians working in USA are not there because they wanted to leave India, though there are some of that kinds, but many of them are there in USA because they weren't able to payback student debt they took to study in an American university, one of my cousin spended 7 years in USA paying off his debt and he just recently came back to India in Aug of last year.
If India becomes the next superpower, it will be regarded as an enemy by the America. 😂 I can't wait to see that happens! It will certainly be a relief for us in China. Go India!!! Let's make Asia great again ;D
No one comes back unless they fail to get PR or citizenship outside. The quality of life still sucks in India. The communal tensions, the bad air quality and worst of all the law and order situation will keep anyone from migrating back.
The important thing is consumers. India hardly has those. India can grow when Indian companies do more business in USA, UK, Europe, China, Japan, South Korea, etc.
India is the origin of Chinese Buddhism and has a splendid civilization. We look forward to India's rise. We are both countries with ancient civilizations and hope that the two countries can develop peacefully.
Great!
Few years back, I never thought whole India will be using 5G and high-speed Internet with such an ease. 🇮🇳
As a Nigerian I feel really happy for India and jealous at the same time 😢. I am 24 and until now we don’t even have up to 5hr of electricity 😭
Don't loose hope brother I am 25 years old indian guy now but when I was child there was no electricity in my town but things are changing fast now . people are getting educated, adapting free thinking and yeah internet has huge role in it as Well n now we are going to go in 5 g internet era soon yes there are a lot of problem now too specially religion based but I think it will change too.
I also feel bad for nigeria. Some countries divided african continent. And this really affected many countries negatively and still affecting. There is a colonial mindset.
35 years ago I studied under kerosene wick lamp in India but now they have 5g internet. Things will change after all they changed in India why not else where.
India will help Nigeria. We'll all develop :)
If India could change Nigeria definitely could.
Nigeria has much more economic potential with all it’s natural resources. Just elect good leaders and you will be one of top 5 economies in no time
I am Brazilian and I want to thank the support from Indians to Brazil on the World Cup and I wish this amazing country, which I have a couple of friends,a lot of success and prosperity 🇧🇷 🇮🇳
We believe in the concept of "vasudhaiva kutumbakam" which means "The World is One Family". I'm sure BRICS can revolutionize the economic roadmap of the region and the world in the near future! Let's work hard and make it a reality ❤
He forgot to mention the fact that Indonesia and India is by far the largest countries when it comes to SCAMMING people. The sheer amount of people who have lost entire life savings to these scumbags is in the millions. I used to work in the consumer IT sector and you wont believe the sheer amount of people telling me they lost thousands to these people.
@@Heathensauce rest of the world doing more than what u mentioned here so 🙂
Love brazil from INDIA
was depressed for days straight after the croatia match fr bro
I am 24 , but i have seen India growing from scratch in front of eyes. Hope India will do progress always. 😊
Modi hai to mumkin hai😊
@@___SSS___ Desh ke bano, kisi Bande ke nahi!
@@Theactualstoic i think now the UR has decreased
@@___SSS___ Modi is not only reason
It's peoples
@@Theactualstoic how can govt give j0Bs to 10cr+ people's with no extra skills ? Are uh uneducated too ? Bcz ur cmnt show's your level of illiteracy.. can you see the growth in economy, military, Space agency, manufacturing huh etc ?
India is not next China. India is India! It is unique and has many different potentials.
India will stay a cesspool for a century
America will be the next India. 😂😂😂
これはインドが永遠に不可能であることを意味している
love ❤️ India 🇮🇳 from USA 🇺🇸 Namaste 🙏 🕉
Love USA from India ❤
Namaste my friend from India 🇮🇳❤️🇺🇲
I was from rural india ...during my childhood days saw electric power only for 4 hrs but now things changed n improved alot. We are getting electricity power 18-24 hrs a day. India improved alot in last 15-17 years.
lol
True bro. I'm from Kolkata, and 10 years ago there used to be power cuts almost everyday for 4-5 hours. Now it never happens. NEVER.
@@ahwabanmukherjee5065 still electricity cost is much higher compared to US. We have energy problem. We should also use our military and diplomacy like the US to have control over the oil, gas and coal prices.
@@bladerunner53 Well you should compare population of US to India before ranting on "Electricity Cost".........
Also I don't think you are following global politics because Saudi Arabia did denied US's appeal of reducing oil prices 😂😂
Hey @Economics explain
U know y India become superpower...
Bcz we Indian want this.
And that's why we r work harder and harder for our love/ motherland.
Here in India Large chunk of people don't want any changes, they only trust in the government-owned sector.
According to them, privatization will make everything more expensive.
i love your profile pic kininarimas
Yep our government (not Indian) is facing the same type of push back.
That’s because it’s true though. From the US, I promise it. Privatization only makes things cheaper for a generation and then costlier for a millennia.
@@cameronf3343 Well that's mostly because some jobs are being outsourced to cheaper countries to cut costs. The previous generation didn't have to worry about their jobs in manufacturing being outsourced to China.
@@cameronf3343 Privatization often fails because the particular service isn’t ever going to be truly market driven. Other times, the attempt is corrupt from the start. OTOH, I’ve experienced privatized garbage collection, and it works just great. What examples are you thinking of?
The map of India used in thumbnail is incorrect. Please rectify this.
China is never jealous of other country’s improvements. Jealousy is never in the Chinese blood. Congratulations to India’s competitive advancements. India 🇮🇳 💪👍 👏
It's only the crazy ccp we have a problem with otherwise Chinese ppl share the same morals and ethics with india
As an india but I am jealous of China because they don't have internal enemies like india 😂😂
Lol
You know the rivalry between India and China is not toxic but rivalry between India pakistan is definitely toxic 😑
@@debojyotirock4993 It's because China's has its own server
Trust me I’m just 25 … but I have seen India change so much in front of my eyes. But undoubtedly we have miles to go and a lot more ground to cover ..
@JoJoKoKo UK nah,we are ok without maozedong. Keep him with you.
@JoJoKoKo UK nah we are ok with our under 88 IQ.
@JoJoKoKo UK Really low-effort trolling there, try harder.
@JoJoKoKo UK oh! The last thing any Chinese name should try to troll Indian is their food!
Btw goodluck with cockroach 🪳, bats, alligator and what not!
@@hooloovoo90 Yes. India are good in trolls. 💯 That defines you all. Creeps + Thugs + Trolls.
I''m indonesian and never been to india but i hope india will be prosperous. The goverment and all of its people. Its nice to see the shift of power from the west to asia. Hope my country also achieve that and everyone will have roof above their heads, no one sleeps hungry. 👍
It will happen one day. Fight with all your might
speaking of Indonesia, I am having Nasi Goreng as my lunch in a small corner of India. But I do think it's a far cry from an authentic Nasi Goreng. Anyway, I hope all of us (Asians) get to have way better lives in the coming decades.
Next 3 decades are going to be the decades of economic boom in India, Indonesia & Brazil. Just keep doin what you do your best, time is yours.
Indonesia is more developed than India
Indians are not Asians
I am a Chinese, I like Indian movies, and India has a well-developed software service industry, which I envy.
China doesn't? I'm shocked tbh.
We also Love Chinese dramas 😊 , they r quite popular in india among youth
评论区自称来自全世界的都是托！印度人自吹自擂的功夫真了得！绝大多数中国人都很鄙视印度人的自大
@@user-ej9tj2fx9o 不，我爱印度，爱来自瓷器。
@@fg-ff9mo这不就是托吗？😂“瓷器”不知道你是不是开玩笑
I’ve met many Indians (one of the nicest people I know) and went there for work to give training a few years ago. I was surprised that in a few years they’ve developed so quickly. I wish them all the best. Go India!
As an Armenian, I am thrilled to see India's economic growth and development! The progress in technology, infrastructure, and business is truly impressive. I am happy to see India on the right track. I'm looking forward to see more progress and growth in India. Keep up the great work!!!
India is a wannabe enemy of the west.
We look forward to deeper Armenia-Brazil relations too. Cheers from Brazil. 🇦🇲🤝🏼🇧🇷
Great to hear! Armenia and Brazil have a lot to offer each other, from cultural exchanges to economic partnerships. Let's hope for a fruitful and mutually beneficial relationship between our two countries. Cheers from Armenia!
Sad that u lost but still ur nation is currently in worst place it can be surrounded on all sides by enemies
I really feel like Armenia is Israel of Caucasus
We're on the same side
India is definitely growing...i went back to india after just 3 years and things looked very different from how it was.
just too slow the infrastructure is still terrible endless digging of drains too lol
@@ellashy6539 everywhere I go, I see you spreading hate about India, What's your problem ?
only brahmin-bania caste(4.5% + 6% respectively of our population) nexus is growing.
these two have accumulated all our country resources
They have made India one of the highest wealth and income inequality country
indigenous indian( SC ST OBC: 85% of population ) are still extremely poor.
@@himangshu3642 all I see are cowdung channels smearing China while I never seen China smearing India that's the problem
@@user-dostiBaniRaheBus that is not government's fault even government reserved the seats in jobs for SC/ST
我们很高兴看到印度发展，因为我们也是这样发展过来的，中国印度都是十亿人口的国家。积极的竞争和比较是正常的也是有益的。
Indian here . We Indians have considerable respect for Chinese . ❤
Our Family systems and values are quite similar .
As a Indian, I agree it.
Just wanted to bring it to your attention the map you used for the intro was incorrect
During my highschool I planned to leave India for a good life in a foreign country.
But in last 10 years I have seen so much change in the society and opportunities that I changed my mind and now I work for a MNC while living a King size life in India.
which college?
what colour of ur buggati ?
@@abhijiths5259 I have done my BTech in IT and Datascience from Gautam Buddh University, Noida. Then I did my masters in Advanced python with Applications in data-science and analytics , while simultaneously doing my MBA from Jain University.
I work for Mphasis in Bengaluru with a CTC of 12 lpa and I am not even 25.😎
@@sergioramos-vd9zk I don't like fossil fuel vehicles, I am planning to buy a TATA NEXON EV.😎
@@sergioramos-vd9zk don't worry we don't need buggati.. we can buy jaguar owned by TATA
I worked for many years in Singapore and Zürich but came back to India as the quality of life in India is improving rapidly and cost of living index is less. As such I have peace of mind of not getting wound up in the repetitive cycle of getting work Visas.
Getting work visa is a hassle..?
@@saptarshichakraborty7474 yeah, even after you have so many restrictions
Bhai Sukun to apni Dharti pe hi milta he.. India 🇮🇳 meri maa he .. it owe too much to my mother land ..
Yaha ka khana bahar thodi milta hai😂😂
印度除了人多，别的都很一般吧😂😂
It's very impressive the way you explained the LPG reforms of 1990s, as I have studied in detailed I can say for sure it's really well comprehended & compressed.. 😊😊
看到印度朋友现在有24小时的电力，我很高兴！印度在发展！我小时候发电厂有时候会停电，一停就是半天或者一天，现在几乎没有停电了。
A huge difference I saw also in India is most people use mobile banking then cash. Now at the local grocery to rickshaw in Maharashtra. It's good way to formalize the economy by adding ease. As people didn't want to handle cash during covid
that is very interesting
Haha yea I have been spoiled by this system soo much that even if I need some cash (though most Indians don't use it anymore), i transfer money to my father's account and take cash from him (he is old school you know in his 60s, so he keeps cash) 😂😂😂
Otherwise cash system is gone in India from larger perspective... 🌺
@@meghasharma5260 nice, I am from croata and we are switching to euro nex month, it is probably not going to be good at first but I am very curious how its going to end up, and we also mostly use online banking but for a lot of smaller buisniss you need cash
@@fico1557 oh congratulations. 🌺🌺🌺 Our world is getting better. I feel happy for all of us.🤗
It is going to be great for you all. In here, we use it for smallest of transactions like for ₹10 also which would be around $0.12
@@user-lr8lx3yd1z UPI is common in small towns, too
If India's heavy bureaucracy can be addressed the potential is enormous. There is so much talent and a record of sucess in so many areas. Thank you for pushing the debate: May it help! There are so many wonderful expat Indians in UK, we have benefitted enormously.
I am from Singapore. Let India booms and the world prospers together. However, to prosper, a young population is not enough. The country must have its infrastructure including a robust financial centre. The young must have good education and fully employed before they can contribute.
India will be a developed country in 2047.
As an Indian that line hit hard in a bad way that our potential is going unrealized, its unfortunately true though....
Blame democracy.
@Thunder Beast if it helps as an idea. Basic thing is still something that *helps*, whatever it may be. This is a rashtra that I'll watch from a distance and won't be here to participate in in the coming time.
Indian national potential has been squandered for decades in order to enrich a very, very few Indians at the expense of over a billion less fortunate Indians. The continued lack of government investment in human development (eg. education, nutrition, culture) has dramatically lowered India's potential relative to what it might have been.
The biggest issue for India growing today is competition. 40 years ago, China competed against a much smaller number of 'fatter' Western manufacturers, giving China far higher profit margins to undercut. Today, there are 1.2 Billion Africans and ~1.0 South/Southeast Asians offering roughly the same basic labor at broadly similar wages, except that China is actively helping to develop their infrastructures, and doing so at cost. Plus, China still produces at the 'China price' and is rapidly moving forward with automation, robotics, AI and networking.
It's not obvious that the Indian government has the intent, funding or ability able to quickly and effectively address the human capital issue in order to compete against increasing global competition to a level that would ultimately surpass China.
@@GrauGeistYT India should've listened to BR Shenoy.
@@GrauGeistYT India was ahead of China 40 years ago, and hold all the cars... Poor infrastructure, but still better than China, not a lot of high skilled workers, but still better than China, India had a ''layer'' of small private business owners (also some very rich people), China had none, not to mention India is an English speaking country (for the educated people anyway) - the fact that China is 4 times more developed today I think is more India's fault for lagging behind.
The fact that India has uniquely transitioned from primary sector to tertiary sector skipping the manufacturing sector, so focusing on manufacturing can reap huge dividends at so many levels.
Agreed, if we could focus on manufacturing we could shock the world
I think India still lacks the infrastructure to support industrialization on a large scale.
He is saying India NEED NOT be a product manufacturing-exporting nation like China.
We can and have leapfrogged into services and higher quality products instead of making the world's underwear and toothbrushes that China makes.
@@thomaszhang3101 My last visit to India shows they are building roads and rails AF. Like new expressways and highways everywhere. They just started to jog.
@@shridam3874 golden quadilateral
Great analysis. You got a new subscriber buddy. ♥️
I am an Indian and I want my country to grow for the world to be at peace
Not with capitalism, my friend.
The other big issue with protectionism that you didn't mention is that companies can use it to continuously make high profits from bad products. If they don't need to compete why try to get better. This also tends to lead to more corruption as it makes more sense for a business owner to spend his time and money to get the government to pass more favorable laws instead of improving the business.
He did cover that piece towards the beginning, when talking about the auto industry. Although he gave some incorrect reasons of why it was problematic; by claiming they have to import parts for the cars which they did not; but it does help a company build an inferior product and not have to worry about competition.
He covered it for automobile industry.
Watch again.😀
I will disagree
Indin is getting record FDI and tax collection
It's growth is pretty much unaffected by Ukraine war
Still today it's the fastest growing economy
No one can imagine china would have reached that height 20 years ago
Maruti Suzuki is the perfect example. Now they are feeling the heat and changing a lot of things.
India is a very large country. Why wouldn't internal competition be sufficient to discipline companies, unless there's also corruption or overregulation that's unrelated to the protectionism?
I am visiting India right now and I am shocked to see the ease with which UPI-based digital payment systems work here. Even small street vendors are doing it with ease and the latency is sub-second.USA is behind by 10 years at least interns in digital payments
Edit: - Glad that my experience has generated discussion here. The total amount of money transacted via UPI is more than US, China, and EU combined
You can see the same things in China eight years ago.
@@zzleecute6046 not good as India
@@zzleecute6046 India's too started in 2016
@@dimiberba2374 In China, you can buy any goods and services with your mobile phone, but India will not be able to achieve it even in 2100. And although Indians have always said to boycott Chinese products, most Indians use Chinese brand mobile phones
@@Moshiby hm we can buy anything from moblie phone!
I was surprised you said that government intervention created market inefficiencies compare to free market competition.
Have you not read Piketty's research?
Free markets are far from successful at efficiency and competitive prices, which is why some government intervention is essential.
Superb vlog for all of that.
Thank you.
Hey what is the background music used in this video?
I am a Chinese, it is good to see our Indian neighbour doing so well, let’s prosper together!
India don't importance to China's co-operation
一厢情愿吧傻孩子，你没看这些印度阿三还在向中国申索领土吗？！在印度，中国是敌人，中国蠢人真多，我们千万不能因为短视去帮助印度阿三😂
移民印度吧，据说身份第二高：刹帝利
@@xudaye1949 I don't know what you guys communicate . Indians don't dislike or hate China instead we have greater regards for Chinese economic growth but not for the way how you deal miltary with us .
Honestly I have a lot of respect for China for what it has done in past few decades in terms of economic growth.. it's nothing less than a miracle..i hope someday we will be able to compete with it in a healthy way ❤
India will not be the next China. It'll become India of its own. For India's economy and power, they are rising, but in a different way or manner China has. Remember, India's rise is very turbulent, but it has been able to sustain that. However, to become like China, it needs a long term strategy.
Democracy makes hurdles in making policies which china benefited and India hasn't..
Yupp... India will be prosperous in it's own way.
It bugs me how people say "X will be the next China" or "the next America" when few countries have the same starting conditions of either or have similar economies. China is a highly centralized dictatorship with a long history of soft imperialism and semi colonialism while america has pretty much always been a capitalist state with a very loose control of the economy (was one of the top 3 in the world by both political and economic freedom for most of its history) and it's always been built on exporting goods at scale and bas always been an innovator. India has a very different economy, starting condition, and culture of either so it will be it's own super power if it can ever reach that level
Yup. You said it. Indias rise will be turbulent but it will get there. Before colonialism, India and China used to alternate as the worlds biggest economies.
That’s the historical normal and it will get there again in our lifetimes.
It’s more likely that India would be the next EU actually. It is in most aspects a western country but is unlikely to deregulate as much as the US. However it is likely to end up adopting many characteristics similar to the EU and is likely to become a superpower very similar to the European Union
The map depicted here is wrong. Please update it.
If you look at removal of 500 and 1000 notes in conjunction with UPI, which keeps shattering transaction volume and value records, you can actually see the government's plan working in real-time month to month by simply tracking publically available UPI transaction data.
The part about government banks in India making it hard to get loans is simply untrue. While its true private banks are slightly more risk-tolerant with corporate loans, they charge a significantly higher interest rate. And in terms of consumer loans for homes, cars etc, its not even close, because of their sheer size nationalized banks like SBI are able to provide a massive volume of consumer loans at comparatively low interest rates with their risk offset by the sheer size of their portfolio.
*Currently in Germany this video popped out of nowhere in my feed....Feeling happy and sad at the same time....Sad because I am far away from my Motherland and my parents...Happy because I will be moving back to my country after 4 years and 10 months*
@youuu tube He's in Germany because he got a work visa.
He got a work visa because Germans needed and valued his or her services.
What's your problem, with that?
@youuu tube
Square Head.
see you in 5 years? just not believable.
@youuu tube no no German theme starts playing
Super Power 2030! 💪💪💪
As a young indian (25 y) I have seen almost famine like situation to prosperity and rapid modernization, we have only one car in my village when I am 5-6 now every household have one or more.. Hope this growth will continue
And also many highspeed trains
@@feather1229 families in your area own high speed trains?💀
India will do well.
I'm the same age as you, I'm Chinese, and since I was born, I think electricity supply 24 hours a day is basic...
@@user-zd6ju9jc4v yes china progress much in the 80s.. India is late compared to china.. But late is better than never
wishing India the best!!! love from California
2 major reasons india is very difficult to be next china:
1) culture difference: 1 min late in china means 1 min late,
while in india people can be several hrs late/absent and this is normal
2) china is always criticized and under pressure by western and many nations and media, this is actually stress testing and reminder on china's performance. chinese and chinese govt get a lot of benefit from such testing to improve or evolve all the time
while india doesnt receive these performance measurement
delusionary!
May be this quality of being late according to u made most multinational company's Ceo Indians not Chinese 😂.
@@bhangtangirl3468 u mixed the performance of elite indians and general indian publics
india is not going to be next china in next at least 2 decades, simply because the general indian publics doesnt have the such quality, even there is minor elite indians
@@bhangtangirl3468 Bravo
@@kenho-wr5ul2rh7m dude we don't want to become another China A copy cat & Covid 19 pandemic givers, we don't compare ourselves with them , their fight & our fight is different. But i can't stay silent when some delusionary people talk delusional things.
There's a saying in India "India will flourish not because of the government but despite the government". As a businessman in India, having to interact with government officials on a regular basis, I think the saying can't be truer
Idk I feel like current government is doing better than previous ones
But we do in North Indian Developing states which are not even average this is so true case and it can be found everywhere.
Keep going...
It's true even today
@@theemperor3557 it's because of old govt only they are able to do more now
I am 27 and I have seen lots of changes since my childhood. The country is growing
I am also 27. Nothing much changed. From TN.
sahi kaha bhai
@@Anand99947 Then you need to change your mindset .
Stop Love Jihad.
@@rudhisundar First you stop love Bajrang Dal
India and China started with pretty much the same GDP per capita in 1950s. After seven decades India now laggs behind China by a factor of five. The difference is only getting larger I'm afraid.
India opened up its internal markets in the 1990s, China opened up in the 1970s, I think you should compare from these points. And the difference isn't getting larger, India's economy is growing faster than China's meaning the gap is narrowing
🙂🙂 not sure if you are frustrated or fearful but your comment exposes that side only. What you mentioned is just on the exterior but you didn't (may be intentionally) is that india opened up her economy much much later. Having said that not even a single indian wants india to be like China. Its like a golden cage. India will take her time & reach where she deserves to be
@@qqjacklol😂😂😂. Do you even know how CCP model works? Do you know how blatantly china lies?
Please don't come with this stupid argument. We know china is ahead of us right now but atleast our growth is real and we have better fundamental than liers.
It's not our time dude the average age in India is 28 and china is 38. We have more youth that means we have a decade more . India's population will decline after 2064 but China's is already declining . India is a democracy and is growing slowly and steadily.
As a Chinese, I hope to make friends with a rapidly developing economy instead of becoming an enemy. India and China can better develop Asia through cooperation.
I'm not even one of these millennials talking about the 90s and stuff. I was born in 02 and I remember during my childhood we used to have so many power cuts. In the summers it used to be almost daily and the power wouldn't comeback for hours at a time. Now in my rural hometown we only Sometimes have power cuts and they only last for a couple of minutes at most.
Which country
I just started the video and writing this, that the map used to demonstrate India is incorrect!!!
Now after watching full video, I surely gonna appreciate your work for such detailed analysis and open wide view over each issue. Good Job Sir 🙌.
Yes, the map is wrong even by international standards.
@华华华华华华华 Actually what you are talking about is the Indian state of Arunachal Pradesh which is an integral part of India. Also Tibet was an autonomous country annexed by the PRC.
Please get your facts right.
@@shashwatshrey9248 don't feed thr trolls
Imagine being butthurt over a freaking map. People like you should be forced to stay in Kashmir for atleast an year without military then you will realise that curse land is better left alone, world politics isn't a board game like Ludo. Also all the article 370 drama, kindly enlighten me, if I can visit gilgit baltistan or aksai chin with an Indian passport? If the answer is still NO, then it's not a part of country anymore SIMPLE
@华华华华华华华 Taiwan, Hongkong and Tibet are not part of China... They are illegally occupied by China. We don't respect China 's political position on it.
As an Indian I have seen this trend every 2 to 3 years for 2 decades of us crossing and competing with China or being some kind of economic superpower all those buzz words, I think few in my country who are more practical and don't go with jingoism would surely like to wait and watch it's gono be a slow process unlike China's and we will be slow and it's not bad until we keep moving in the right direction.
Yeah every decade is always "India's Decade" according to analysts, but I think India is genuinely very well situated to do well this century. I think people will have to be realistic about it, though. India will be a giant in its own right, up there with the likes of Japan and comfortably stronger than individual European nations, but it will never be China. That said, while China's GDP is higher, I would still rather be in India's position than China's, both demographically and strategically.
It will be a slow process....but it will take more than 30 years...not like 10 or 15 years which some govt supporters are saying and still then there's No surity that India will be nxt China.
@@Joker-yw9hl You prefer India over China because you are rich. Just your English speaking ability puts you in the top 10%. I probably wouldn't be wrong if I say you are top 1%.
Things are incredibly shitty for poor people in India. Our inequality is worse than Pakistan's.
Edit - read your comment wrong. Ignore my response.
India: Overtakes UK to become 5th largest economy in the world in 2022.
EE: Ranks India on its leaderboard just under the UK.
Indians: R aaaR aaaaaaaaR!!! >.
Not until end of this century until china explodes somehow. Reason is simple..
India has hardly any infrastructure.
No government is interested in it.
Look at current government for ex-
Instead seriously focusing on road infrastructure they changed the metric to calculate the length of highway built.
Earlier 1 km road built irrespective of no of lanes would be counted as 1 km built.
Now if 4 lane road is built for 1 km. They count it as 4km. What kind of dumbassery is this
Why is there footage from China at 5:20 of the video?
India superpower 2050. Let's build such a powerful and prosperous India that the whole world will bow to us and try to migrate.
As someone who lives in India, I would say that bureaucracy is our main hurdle it’s not a failure it’s doing exactly what is supposed to do that is prevent development and forward thinking we also don’t have a culture of innovation and creativity in academia but I honestly see this changing drastically the government is bring A LOT of reforms like the GST, National logistics policy, PLI schemes, massive infrastructure construction also introduction of UPI which i.m.o is a game changer so I am pretty optimistic!
Edit: He missed a LOT OF THINGS the government is doing so video is incomplete
So why there is still many RSS fanatics exist?
Bureacracy is everywhere’s main hurdle though..?
In innovation index India was at 81 spot in 2015 and now india is at 40th spot.
So we are showing a significant growth.
As an Indian you didn't even notice the wrong map of India shown in this vedio
@@anujshukla04 I noticed it! It really boils my blood but trust me the more powerful you become the more seriously people take you look at history!
One thing you have to mention is that the IT sector of India hasn't been build in a year or two it all has been started since early 2000s and it took almost 15 years to become a good service outsourcing destination, the constant investments in IITs and IIITs has a huge role in this, since 2015 there is also a lot of investment in Artificial Intelligence in IITs, IIITs and other engineering colleges.
Interesting. Thanks for that input.
right
Try and compete with China haha
So technically, the journey started when Nehru established IITs and other universities.....
Actually it started in 60s and 70s - 20th century. Try to search and learn more ;)
Very good analysis and review of India. Please do a similar video on the economy of the Philippines.
India is called like Heaven in ancient China, and I am sure India will regain it's past glory in a few decades.
India will succeed, we believe
from Vietnam with love.
🔝🔝inbox💬for more insight's!.
We love Vietnam too. The way you kicked out the Mongols, French, Chinese, Americans, Japanese is pretty good. Such a badass history
Indians love Vietnam and have lot of respect and brotherly feelings for Vietnamese
Yes of course.but vietnam never ever can surpass us.mind it .😁🇮🇳jai hind.
@@indiabharatshakthi My dear, how can Vietnam surpass India, you are a Continent, same as China.
Moving from a small town to a metro city here in India, I myself have seen the massive growth we're having since the past decade or so. Some of the biggest hurdles are the infrastructure and education system which need HUGE improvements.
That's nowhere enough, we must push 10 times harder.
@@amaldev4150 bruh i see videos everyday of people from other countries praising how good indian education system is and you guys are still not satisfied and asking to push it 10X fr😭
What kind of indian map was that at beginning?
Wishing India the best. The US fully supports India's advancements... until India becomes too powerful at which point the US will try to suppress
I'm Chinese, Happy to hear that India is going to exceed China. It's good for the people of India and the rest of the world. But my sincere advice is that don't let America know this.
time-tested partner Russia🇷🇺 exists.
I pray that the CCP realise the potential of India-China diplomatic relations rather than worsening it.
Xi always played stunt by creating border issue to divert Chinese minds so that they don't protest over heavy restrictions, be it lock down or anything else.
Working together which will benefit both our interests thus creating a supremacy in the world 🇮🇳🇨🇳🇷🇺 🤝
if our relation improves...west will tremble in fear
Hopefully your and our governments realize the power of India-China relationship.
Totally agree.
I'm Indian and I have read Chinese history and culture in great detail. My understanding is that it's high time China brings a two party democratic system. China is like ying to India's yang, and the cultural similarities between the two countries are astounding. Just because of the greed of the british empire, these two countries are at loggerhead with each other. The issues that the two countries have can be easily resolved.
Having said that, I sincerely hope that India and China can come together and form an economic union with Asean nations in the group. That will create a massive economic economic block capable of ushering a new era of prosperity in the world. There was a point of time when India and China collectively commanded 60% of the global economy. Given the humongous population of the two countries, we can do that again. I hope Chinese leadership gives India the respect and consideration it deserves and let people connect with each other and form a civilizational bond.
Really been enjoying the increase in content. Keep up the good work
Your map is wrong in starting
Hi
Please correct the map at the beginning
There has always been talks about India "Leapfrogging" and skipping the manufacturing stage to become a Services Superpower, I am skeptical. Almost all advanced, rich economies are manufacturing powerhouses (think Japan, US, Germany, China, South Korea, Taiwan). Advanced nations export their high value products globally and that's how they make money and become wealthy. It is very difficult to export high-value add services. And for a populous economy like India, manufacturing can utilize the large labour pool in the country benefiting the masses instead of the privileged few that can go to school and learn English.
There is no playbook for a country becoming an economic juggernaut from going from primary industry to services. Why not follow in the same footsteps as Japan, the 4 Asian Tigers, and China who got wealthy from manufacturing? This is a well-trotted development model.
The white collar outsourcing sector barely employs 10% of the population. It's not enough for such a huge population. People who think services are enough are stupid
Nice
Because India becoming as developed as those countries is a massive cope
Its also not a one or the other type thing. You can do both.
India is moving to manufacturing slowly but surely it will reap results
you missed a few things -
1. implementation of GST
2. logistics policy
3. construction of highways and expressways at breakneck speeds
4. % of digital real time trx
5. health of banking sector
6. problems with judiciary / need for judicial reforms
7. PLI schemes to boost local manufacturing in especially in high tech goods
LoL
He didnt miss anything
Also
1) Internationalization of Rupee
2) UPI Digital Payement/India Stack
3) 5G
4) Semiconductor manufacturing
5) DFC
UPI ALSO
@@MistaSupahotBoii just like you missed your brain
Please correct the map of INDIA
Kashmir is an integral part of our country.
Mostly people ignore the growth that comes from debt 💸
@@TH-camViral5472 motherchod 😂😂😂😂 chaval kam hai kya 😂😂
I thought it was purely a video about India, but I basically got a economics lesson for free. Freaking awesome!
Note the title of the channel.
India continually improve but will never be developed.
India is not developing,
India is reclaiming 😊
Precisely. Bharat was, is and will lead. Whether spiritually or materialistically.
Now when anyone uses the term developing for India, I will use this term😎
We've been hearing all this for decades jus like we've been hearing saudi oil is about to run out. Never happens. 100 millions plus will still be living in horrific poverty in 20 years
From who? Absolute bs.
@@boarbot7829 British looted 45Trillion dollars from India. When they left poverty was Below 20% and literacy rate below 2% and you're calling that bs? Well maybe that's what happens when you live under rock
三哥还是厉害的，刚建国的时候大家GDP差不多，经过70几年的努力，三哥GDP已经达到我们六分之一了！
As a true Indian I want to point out that the Map of India is incorrect and must be corrected
When you mentioned the huge number of English speakers in India, it made me think about how my company (Intel) has a big campus in Bangalore and I have a meeting with several people over there every week! Thankfully, all the people in China, India, and Poland all speak English because I sure don't know any of the other languages they might know haha.
it is only 10% or so, mostly college educated elites. China has even less, their numbers are only big because of the huge population, generally when a country economy and influence rise they tend to speak less and less a foreign language and these westernized elites try to go native again.
@大漢將軍小超 I don't work in China, I work in the U.S., but I collaborate with people from Poland, India, and China on this project. For the people who work at Intel in China, it's a necessity. I'm not claiming to know anything about Chinese culture, just stating the facts of my company.
I will disagree
Indin is getting record FDI and tax collection
It's growth is pretty much unaffected by Ukraine war
Still today it's the fastest growing economy
No one can imagine china would have reached that height 20 years ago
@@TH-cam_AMERICA Are you just spamming this in every thread?
jk. Indians are loyal and polite and we appreciate doing business with you. don't shift to Vietnam please.
India might not be the leader of manufacturing but India is the king of Service sector. No one is near India in this sector. The only wrong decision India made was that India directly jumped from Agriculture to Service instead of Industrialization.
With rise of AI tech, "service" will be less and less valuable. When one cheap "chat bot" can do the work of unlimited number of "customer service representatives", that scaling factor is too attractive, so every company is going to choose to add chat bots to their business website instead of hire, train, and pay for hundreds or thousands of Indian workers for each company every year.
Even today, you already see human customer service being replaced by automated AI customer service bots on almost every website, including Amazon.
5-10 years down the road...HUGE chunk of Indian work force will be out of a job and unable to find another, because their only skill is knowing how to speak a language which 10 year olds in America can do better 🤣
Edit: somebody mentioned STEM, but the problem is developed countries have better access to STEM resources. That's why Apple, Microsoft, Google, etc...are all American companies. India only SEEMS to be better at STEM because they have a huge population therefore proportionally have a lot more STEM people. In fact, even in developing countries, China is beating India in STEM graduates and AI research.
The service sector is evolving so in the next decade automation, AI and other technological innovations will replace the human factor which for India the challenges of unemployment for the younger population would stifle any future growth.
Ahhh yes, I remember when years ago automatic translators were going to replace human translators. 20 years and human translators are in greater demand than ever in history.
'Tis funny when people try to predict the future. It is almost never right.
@@darthvadeth6290 it is literally the opposite, with rise of ai the only jobs that will see a rise in human resources are tech related which is India's Forte.
edit: chinese 20 yrs ago were also not known for their tech companies, only thing holding back india is its manufacturing capabilities that has exponentially increased in past 2 years alone. "Indian picking crumbs" is so dumb comment. many said the same about china too, only time will tell.
But the problem is that they are doing only low value jobs like call center and others, and it even is a small minority, since most of the country is still largely agricultural.
Unfortunately India's bureaucracy is even worse than Chinese.
Both are extremely hard to work with, but at least Chinese have fixed rules.
Indian local governments use arbitrary regulations to tax and fine foreign companies of arbitrary amount of money.
Please update the actual map
I think most of the points mentioned holds true for India, but there are lot of changes happening and quickly. PLI scheme is introduced to boost manufacturing and it is already showing results. NLP was introduced few days ago that will reduce the logistics cost and target is to bring it to 10% (not good but decent compared to current standards). Infra is being built at crazy speed, national highways and railways to remote sections of India are being completed every few months. As a kid who grew up in 90s and have seen remnants of license raj, I am excited for the future of India and also as a person who has worked in China I am glad that India will never be China.
Great
India has a loooong way to go on infrastructure. It took China about 30 years to achieve what it is now, from India's current level, at China speed.
@@kenchan8099 definately it will take a lot of time but the good thing is goverment knows this! The most important thing will be to see how and at what percentage india manage to grow after the war between Ukraine and Russia over!
@@kenchan8099 India is currently double China's Speed. The gap between India and China in 2012 was at its peak. Which was a 30-year gap. Now it's 25 year Gap and soon it will be 20 years. You can see all the predictions by 2050 China will surely be no.1 but the gap between India and China in 2022 is 5 times in 2050 China's economy will not even double that of India. There will be 1/5 of the gap which is now by 2050. So hold on. You should study the economy and how it works. India is on right track. The confidence we have is complete. Our Road projects around 30000 km national high-speed rail and highway will be complete by 2025 Once we hit a 10 trillion dollar economy. Adding 2 trillion a year after that is not that hard.
Seems like China thinks 3.5 trillion is so small that it will take India ages to close the gap with china but seems like Chinese are weeker in math than Indians if they think this way
India has 20 years wait. Its not a long way to go. If a country can catch up with other country in one generation time then its fairly fast. For India its about half generation. US is not in competition. West is falling so there is no reason to compare with US. But we can look at US as inspiration to maintain global dominance for so long because in China case. They will hardly able to see a unipolar world
@@kenchan8099 PRoblem with fast growning societies like China and Korea is demographic issue and Social issue. Your new generation will turn out dumb like in USA. USA was in its peak in world war era and 1960s because they were working hard and earning there wealth. NEw generation of US kids have everything for granted. Hence drop in productivity and nationalism. China is very energetic nation and totally worked hard but the growth was too fast for society to catch up. The same generation has seen so much changes that they cannot handle these changes leading to decline in birth faster than USA. Just like Korea. I want India to grow stabily and fast but not too fast
Congrats on the early 2 million subs, mate, you've earned it. I always appreciate the feeling I get when I watch this channel. It makes me want to understand economies, the people behind them, and the reasons why they work. All the best for you and the team, cheers.
I used to watch this channel all the time and there was another finance channel who always talked about quantitative easing , QE2 and how the fed was printing money over night non stop . I can’t find him , any suggestions ?
@@Wickedtingzz not sure if this is what you’re looking for but Patrick Boyle is quite good
lndia will be Sri lannka😅😅😅
@@akhanddbangladesh8274 bhakk
Wrong Indian map shown pls report this video
Been thinking of investing in India recently. Could see great growth for companies.
Kindly make a new updated video about India
India is def on a transformative journeys. From not having 24h power, highways, phones, amazing technology, automobiles etc etc in the 90’s to having it all today in abundance, we’re in a golden age for the economy. Hope we continue to prosper and realise the potential of this country.
it's the people not the gov do this job, i hope we will make progress
SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN CHINA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳 🇮🇳🤗🇮🇳 🇮🇳🤗🇮🇳 🇮🇳🤗🇮🇳
😢
India developed country 2047.
Could have explored PLI schemes , Defence manufactuing and UPI digital growth to digitalization
Well without these 3 the video is definitely incomplete
Yeah true and because of UPI lot of informal economy is becoming formal
Also national logistics policy, make in india too
He is giving an overview of economy. Details like these will make it much longer.
I have a feeling that this video will have a 2.0 within next 5 years 🤟🏻
UPI, ONDC, PLI, NLP, Atmanirbhar Bharat (Make in India), Indigenous defence export etc (to name a few) are almost left out, which are definitely going to bear fruit in coming years 🤟🏻😇
It is impossible. Every climate and culture has its own talents.
Great Development 🎉
I’m 28 and I have seen India grow so much in last 20 years. I remember witnessing so much poverty and there was only a tiny group of population that had access to many resources. Today still there is poverty in every state but the lives of people have gotten so much better. The fascinating thing is, in every 5 years there is a noticeable change in the Indian cities. At this rate we can be an economic power in another 20 years. I don’t know if we will be better than any other country, but we will be a country that can build good infrastructure for their people and improve the lives. I now live in Sweden, so I know how much we still has to improve to be like any other wealthy country like Sweden
I am a Chinese who have lived in Australia for more than ten years. I ve seen an increasing number of Indians move to my neighbourhood and most of them own luxury cars and fancy houses. I dated several Indian migrants (met up once or twice each). They were nice, smart and career-driven, and all of them are working or once worked in IT. One of them, unorthodox, believes that the large population in India has been a big factor that hinders its economic growth. He explicitly said he agreed with China’s one child policy. His point of views is different from the mainstream media of the western world
Everyone in India thinks our large population is actually a hindrance, it's a really common thought here.
I think it's few states in the North that are contributing majorly to the population.
@@Tate525UP and Bihar ,if you want to be more precise.
跟印度人约会太掉价了吧🤮
@@user-ho1kd5yh4u 你这种留言让人尴尬！
😊Good information ❤
0:03 Map used here is wrong ,kindly check it
Excellent insights. Narrated in a easy style. I learnt a lot and subscribed..look forward to listening more
Like Kashmir missing from the Indusn map at 0:03?
@@ashishb Oops Didn't see that at all. Big Miss!!
@@ashishb the guy accepted his mistake in a comment... Give him a break
During my childhood I thought to work overseas but now I don't want to go anywhere, as I can see through Internet our country is way better to live than most parts of the globe...Feeling so happy and proud to be Indian
@TheTouge You can always just go back to your original country. 🤷
You have no understanding of life in overseas countries
Come to America to see homeless and get shot😂
@@Eshicalyou can easily come back, later it will be tougher as everyone will want to come back..
I (British) worked in India for years and loved it. I'm planning on going back. The quality of life is simply higher than it is in the UK for middle class people (though obviously not for low-income people).
Possible, india already invaded UK 😮
Video was great but the indian map is portrait wrongly. pls correct it we are quite sensitive on this matter . Thank you .
As an Indian I’m proud of what India has become. That being said the lack of ability for India to manufacture world class products/tech on its own is what’s holding us back. Only industries that don’t require complex manufacturing have been developing quick. Unless that changes India’s advancement will be limited to the large populations ability to make large numbers of less complicated and less profitable products. A countries growth is reliant on the totality of what it can produce, because when one field advances it makes advances in other fields easier due to the access of advancements in technology.
That actually make sense. And yes i agree. And for this, Indian government trying to
facilitate good environment for foreign investor to produce locally through PLI schemes, good logistic policies. But even with all that, things are not ideal as it should be. But once done. It could boost local manufacturing.
Indians being proud of their country while hating their neighbors (such as Pakistan) is what is holding that country back while giving more breathing room for corruption. Why protest against the flaws of your government if you're proud of your country? Why step back on your own policies and follow your neighbors progress if you know they are bad?
From my observations nations/peoples that have less rigid class systems innovate far more than ones where only certain people are allowed to fill important roles. Look at Rockafella and the other folks that built the US early on. Many came up poor or from working classes. I really do hope India can get rid of the caste system, though I know I don't understand it from a perspective of an ancient culture. India has the potential to be the next force of good and global leader. I really do hope they can reform their views of their countrymen even though they came from various regions and tribes through antiquity.
The USA started with simple cheap manufactures and look how far we've come. Focus on feeding your people first, that is the basis of stability. Simple manufactures are the first rung on the ladder. Once you guys are on a stable ladder it will be simple.
Scammers’ HQ🥴 You need to root out bad apples if you want to go anywhere as a country.
Your work is truly appreciable, been following your videos for quite some time and they're great.
0:02 why r u showing incomplete map
some points needs to improve. Like demonetization help in digitization and compare India performance in banking with developed countries.