Heartening to see Superb minds with such vision and practical thinking running the back bone of our economy, compared to even a couple of decades back, when bureaucrats with little knowledge or vision were at the helm and no wonder we haven't still achieved ' Garibi Hatao'!
Dhanyavad Sir Ji and The Platform for insightful discussion 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏
It really scary to think what will happen if all the Family politicians of various states come to power at the center on the basis of freebies and communal cards. Will we ever have such a cohesive team to guide the country during tough times and take the country forward.
Exactly my fear of freebies and how it sways specific kind of vote banks . In the meanwhile close to elections keep talking om freevies on social media and put infor graphic statuses on freebies and its damages etc
It is for some time now when we were amazed by sheer presence of Dr S Joyshankar, to his personality, clear communication ability, suddenly Mr Sanyal comes up and what a presence. Cleasr and insightful communication, young, smart and what not. How many such personality Modiji is hiding I wonder ❤️👏👏
A very impressive presentation providing a comprehensive view of the state of the economy. Thank you. It will be interesting to know if measures are being taken to preserve legacy in maintaining good practices to avoid derailing from the primary objectives due to political interference.
Indian judicial system is in 15th century. There are 40 Million pending cases and judges take 3 months summer holidays like in british days. Why only judges get well paid 3 months summer holidays when so many cases are pending
All public funds that are given to citizens should be paid directly to their bank accounts without any intermediary to manage such payment. This is not done at several states (Bihar, for example). A national law mandating direct payment of public funds (wages, pensions etc etc) to individuals and institutions at state and local level will go a long way in reducing corruption at the local level.
I completely agree with the way an Indian government official, has expressed that the west is dominated by a bunch of racist and hypocritic people ( unfortunately some of them have Indian origins - If they don't behave as they do they would not be in high places in west ). People going to west to work and live should be aware of this. Quite a lot of Indians living abroad try to paint that west is trying to look after the rest of the world, they are fair socity, meritocratic etc, etc this generalisation is far from the truth 🙏
To support what Sanjeev says with regards to country ratings - is income a factor in credit score in the US? No it is not. The 5 factors and their weightages for a FICO score in US are - payment history (35%), - amounts owed (30%), - length of credit history (15%), - new credit (10%) and - credit mix (10%).
The very first reform was about the judiciary if you can recall the NJAC Bill. But our beloved judiciary struck that down citing "Basic Structure doctrine". Let's hope the next time it comes, it stays.
Clarity is more accountable & senseble than complex Economic theories & gimmick s of Growth ,!! because growth is very easy to push , Handling & sustainability of growth is more important, only Good Economic Practices & Long term process makes a Economy in a Sustainable growth legacy
when it comes to services we are the best coolies in the world since time immemorial not innovetors and we are satisfied and feel proud when sombody hire us
What are the great problems that India facing still now? Unemployment, Trade deficit and poverty. Then there is little impact of third economy to a major part of the people.
Ever best Economic Brain Since Independence in Bharat, Above all Great Younger brain & Exclusive Talent . , He is ,Not any media hyped Economist existed in Stupid Colonial India by the Indians & as well as by Media houses., Who were the destroyer of our Economic supremacy,
Basic Minimum Income: He should have given reasons rather than rejecting it outright. It is not as experimental as he sounds. Besides, everything is an experiment.
Lmao, Vietnam's per capita income is above $9000 whereas India is a meagre $2600. Vietnam is a manufacturing hub, India on the other hand is handicapped by IAS Babus & bureaucrats. Pls don't compare China & India. China is light years ahead of India in pure tech & mfg.
SS is vlear in his mind. He knows what is talking. He is homest in admiting what he does not know. On the ther hand the host AV should do ground work. She should have clear idea what she is asking. There are a lot of good hosts around having much better caliber than AV.
Yes Active management of good Economic practices is important for a good economic legacy. In a bad & corrupt hand it will be another Fragile one like since 1960-2014 😂😂
✓. More than 70% population Live in rural areas in UP, Bihar. ✓. Poor quality of education. ✓. Per capita income lower than Global average. ✓. India is largest country in the World in terms of Hunder Population. ✓. Fertility rate is High in UP, Bihar. -- Sappose India will achieve 7 Trillion economy than also Poverty remains high in Northern belt.
Your numbers are wrong. But yes poverty will remain even at 7 trillion USD. You need to realize,there is no magic wand to bring the whole nation out of poverty. It's an incremental thing. India is bringing people out of poverty at the fastest rate globally. That's what matters. Absolute numbers will look high but as long as they are trending down,better privileged citizens like us should feel happy about it.
@@sagarsaxena6318 But south India look's more developed with there very less poverty. Were North Indian have largest number of poor people. South India is different world and show the side of developed India
So what I understand from his interview is that billionaires should thrive and continue to hog the majority of the fdi that flows into india in the coming years and he has no problem with that,Secondly they are open to do fta with uk which has been at the centerstage of propagating problems in india to serve their own interests and that of china and russia.He believes that big farmers should not be taxed so that corrupt low rung politicians and mid rung industrialists continue to evade taxes through this medium,he believes that administrative and legal reforms should be implemented in 20 years in other words no gaurantee of them happening,he believes in free sops for the poorest of poor rather than ensuring they get better pay for their yield in small farms,what he believes is that gst and digitalisation will be enough to magically turn into a dool proof growth engine for decades even though the world might be moving towards indiginisation and production of most things indigenously through robots, Also he believes that formalisation of the economy which has so extensively believed in black economy can be diverted towards an utopian digital economy if left on them and do away with their instincts developed over decades,he propagates the west as the evil who was solely responsible for the propagation of ngos and the hand of indian businesman and politicians was obviously a farce,he believes in opposing the green steel but hasn't mentioned anything about developing 6g tech indigenously or the host of defence equipment,green hydrogen that we would be paying 100 times their TRUE value,mnrega and other subsidies should go but he won't mention the deal with the west which bars india to dole out subsidies to our poor in the new economic setup,he believes in development of infrastructure which shall emulate the policies of china who made irrelevant infrastructure at a break neck speed only to be in a state of bankruptcy,he is hoping inflation will come down which is for anyone with little bit of intellect would actually be termed as not something the country can control as international prices are not controlled by india alone,So from what I have heard this man seems to be talking senseless and if is left incharge will certainly make india reach the state of 1991.Hopefully we will not have to mortgage our temples gold this time around.He seems like a communist mole.
INDIA will grow regardless of who is at the HELM. THE PEOPLE OF INDIA KNOW HOW TO DEVELOP THEIR COUNTRY. PERIOD. WE DONT NEED MESSIAHS HELPING US, WE JUST NEED PEOPLE WHO DONT SIPHON OUR TAX MONEY… PERIOD.. PEACE
Yeah right, just like we developed for the last 70 years. Oh wait we didn't, we only started to really develop after 1991 liberalization and picked up pace after 2013. So its actually really important that a stable government is at the help rather then a Khichdi one.
That’s not at all true… leadership matters a lot… why some states like bihar are so underdeveloped and others are better developed… only and only because of the vision of their leadership. Only thing I agree is on democracy is something that will ensure that everything moves towards positive overall slow or fast.
Half baked and half boiled with literacy at hardly 50%and ""anphad" talking of "digitalisation" and lo all singing "his masters voice"!lakhs of Indians both educated and professionals leaving the country
If India has practised corruption for 65 years, then it will take atleast 25 years to unlearn this ‘fabulous’ practise. That too, if a leader who loves his country beyond anything else and offers selfless service remains at the helm. And if the citizens become less hypocrite and practise what they demand from leaders. There you have it.
"India is not there to do social experiments for the world." 💪
Fantastic interview.
Sentence hits hard bro 😂
@@saitandale848239:10
Heartening to see Superb minds with such vision and practical thinking running the back bone of our economy, compared to even a couple of decades back, when bureaucrats with little knowledge or vision were at the helm and no wonder we haven't still achieved ' Garibi Hatao'!
I mean, lalu Prasad as railway minister 😅😂
Dhanyavad Sir Ji and The Platform for insightful discussion 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏
It really scary to think what will happen if all the Family politicians of various states come to power at the center on the basis of freebies and communal cards. Will we ever have such a cohesive team to guide the country during tough times and take the country forward.
Exactly my fear of freebies and how it sways specific kind of vote banks . In the meanwhile close to elections keep talking om freevies on social media and put infor graphic statuses on freebies and its damages etc
pranam to you Sanjeev Samyal! it is so good to hear that u have a proactive TEAM to fine tune our macro and micro economics.Good job sir.Thank u
It is for some time now when we were amazed by sheer presence of Dr S Joyshankar, to his personality, clear communication ability, suddenly Mr Sanyal comes up and what a presence. Cleasr and insightful communication, young, smart and what not. How many such personality Modiji is hiding I wonder ❤️👏👏
Awesome push backs from Sanjeev Sanyal Sir🙏 Excellent explanations❤❤❤❤
A very impressive presentation providing a comprehensive view of the state of the economy. Thank you. It will be interesting to know if measures are being taken to preserve legacy in maintaining good practices to avoid derailing from the primary objectives due to political interference.
Thanks a lot for a very enlightening session on the global micro and Indian macro landscape from the most competent economist in the country.
Brilliant, and comprehensive
Excellent and worthwhile interview.
Always great to listen to Sanjeev ji👌🏽👍🏽🇮🇳
Very good discussion
Indian judicial system is in 15th century. There are 40 Million pending cases and judges take 3 months summer holidays like in british days. Why only judges get well paid 3 months summer holidays when so many cases are pending
One of the navratnas in Team Modi
We are Proud of you Sanjieev.
Pleaae conduct a talk on legal reforms specifically if possible...
Great t tolistentodr.sanyal thanksforyourunbiaseefviews.
All public funds that are given to citizens should be paid directly to their bank accounts without any intermediary to manage such payment. This is not done at several states (Bihar, for example). A national law mandating direct payment of public funds (wages, pensions etc etc) to individuals and institutions at state and local level will go a long way in reducing corruption at the local level.
I completely agree with the way an Indian government official, has expressed that the west is dominated by a bunch of racist and hypocritic people ( unfortunately some of them have Indian origins - If they don't behave as they do they would not be in high places in west ).
People going to west to work and live should be aware of this. Quite a lot of Indians living abroad try to paint that west is trying to look after the rest of the world, they are fair socity, meritocratic etc, etc this generalisation is far from the truth
🙏
Excellent 👌
If people want to know more about ESG they should lisen to Presential Candidate Vivek Ramaswami.
very nice discussion
To support what Sanjeev says with regards to country ratings - is income a factor in credit score in the US? No it is not. The 5 factors and their weightages for a FICO score in US are
- payment history (35%),
- amounts owed (30%),
- length of credit history (15%),
- new credit (10%) and
- credit mix (10%).
Great point..
What about justice in India? The judicial system needs a complete overhaul? Whose going to do this?
I think it will happen😅 because of modi is already in mood of reforms😂😂😂😂
The very first reform was about the judiciary if you can recall the NJAC Bill. But our beloved judiciary struck that down citing "Basic Structure doctrine". Let's hope the next time it comes, it stays.
This seems to be recorded atleast 3 weeks back.
Re Farm Tax , the tricky part is to get people whose major income is not farm but who use it to hide normal income as agricultural income
JAI Shree Krishna
Bangalore badly needs the intra city infrastructure
Clarity is more accountable & senseble than complex Economic theories & gimmick s of Growth ,!! because growth is very easy to push , Handling & sustainability of growth is more important, only Good Economic Practices & Long term process makes a Economy in a Sustainable growth legacy
Why INR failed to perform like SGD or CNY in last 9 years.
when it comes to services we are the best coolies in the world since time immemorial not innovetors and we are satisfied and feel proud when sombody hire us
Why don't you use AI to reform the judiciary system?
There is one money thats always trustable irrespective of any countries counterparty risk, thads called gold and silver
but isn't there talk of deutche bank collapsing?
What are the great problems that India facing still now? Unemployment, Trade deficit and poverty. Then there is little impact of third economy to a major part of the people.
It's not AntoDayaa..it's Antyoday
Ever best Economic Brain Since Independence in Bharat, Above all Great Younger brain & Exclusive Talent . , He is ,Not any media hyped Economist existed in Stupid Colonial India by the Indians & as well as by Media houses., Who were the destroyer of our Economic supremacy,
Credentials in bundles...???
More oil price increases, so increases the GDP...???
Is it not a real concern that INR is getting devalued even with respect to all major Asian currencies like CNY,JPY,SGD and even VND.
Antodya should be popularised. Enough of boxing into capitalistic right wing or socialist left wing.
🔥
Basic Minimum Income: He should have given reasons rather than rejecting it outright. It is not as experimental as he sounds. Besides, everything is an experiment.
Lmao, Vietnam's per capita income is above $9000 whereas India is a meagre $2600.
Vietnam is a manufacturing hub, India on the other hand is handicapped by IAS Babus & bureaucrats. Pls don't compare China & India. China is light years ahead of India in pure tech & mfg.
Recently it was discovered that real size of chinese economy was three times smaller than what china advertised.
SS is vlear in his mind. He knows what is talking. He is homest in admiting what he does not know.
On the ther hand the host AV should do ground work. She should have clear idea what she is asking.
There are a lot of good hosts around having much better caliber than AV.
Yes Active management of good Economic practices is important for a good economic legacy. In a bad & corrupt hand it will be another Fragile one like since 1960-2014 😂😂
Say no to ESG
✓. More than 70% population
Live in rural areas in UP, Bihar.
✓. Poor quality of education.
✓. Per capita income lower than
Global average.
✓. India is largest country in the
World in terms of Hunder
Population.
✓. Fertility rate is High in UP,
Bihar.
-- Sappose India will achieve
7 Trillion economy than also
Poverty remains high in
Northern belt.
Your numbers are wrong. But yes poverty will remain even at 7 trillion USD. You need to realize,there is no magic wand to bring the whole nation out of poverty. It's an incremental thing. India is bringing people out of poverty at the fastest rate globally. That's what matters. Absolute numbers will look high but as long as they are trending down,better privileged citizens like us should feel happy about it.
@@sagarsaxena6318
But south India look's more developed with there very less poverty.
Were North Indian have largest number of poor people.
South India is different world and show the side of developed India
So what I understand from his interview is that billionaires should thrive and continue to hog the majority of the fdi that flows into india in the coming years and he has no problem with that,Secondly they are open to do fta with uk which has been at the centerstage of propagating problems in india to serve their own interests and that of china and russia.He believes that big farmers should not be taxed so that corrupt low rung politicians and mid rung industrialists continue to evade taxes through this medium,he believes that administrative and legal reforms should be implemented in 20 years in other words no gaurantee of them happening,he believes in free sops for the poorest of poor rather than ensuring they get better pay for their yield in small farms,what he believes is that gst and digitalisation will be enough to magically turn into a dool proof growth engine for decades even though the world might be moving towards indiginisation and production of most things indigenously through robots,
Also he believes that formalisation of the economy which has so extensively believed in black economy can be diverted towards an utopian digital economy if left on them and do away with their instincts developed over decades,he propagates the west as the evil who was solely responsible for the propagation of ngos and the hand of indian businesman and politicians was obviously a farce,he believes in opposing the green steel but hasn't mentioned anything about developing 6g tech indigenously or the host of defence equipment,green hydrogen that we would be paying 100 times their TRUE value,mnrega and other subsidies should go but he won't mention the deal with the west which bars india to dole out subsidies to our poor in the new economic setup,he believes in development of infrastructure which shall emulate the policies of china who made irrelevant infrastructure at a break neck speed only to be in a state of bankruptcy,he is hoping inflation will come down which is for anyone with little bit of intellect would actually be termed as not something the country can control as international prices are not controlled by india alone,So from what I have heard this man seems to be talking senseless and if is left incharge will certainly make india reach the state of 1991.Hopefully we will not have to mortgage our temples gold this time around.He seems like a communist mole.
You should get some help...you seem to be suffering from the "I only hear what suits my agenda" disease
This Amish guy is really funny. Aaking stupid questions even a decent economics students wont. 🤦
INDIA will grow regardless of who is at the HELM. THE PEOPLE OF INDIA KNOW HOW TO DEVELOP THEIR COUNTRY. PERIOD. WE DONT NEED MESSIAHS HELPING US, WE JUST NEED PEOPLE WHO DONT SIPHON OUR TAX MONEY… PERIOD.. PEACE
Yeah right, just like we developed for the last 70 years. Oh wait we didn't, we only started to really develop after 1991 liberalization and picked up pace after 2013. So its actually really important that a stable government is at the help rather then a Khichdi one.
Very Idealstic View , in real world , you need a goverance and system which works in the country intrest , corruption is just a pience i it .
That’s not at all true… leadership matters a lot… why some states like bihar are so underdeveloped and others are better developed… only and only because of the vision of their leadership. Only thing I agree is on democracy is something that will ensure that everything moves towards positive overall slow or fast.
Half baked and half boiled with literacy at hardly 50%and ""anphad" talking of "digitalisation" and lo all singing "his masters voice"!lakhs of Indians both educated and professionals leaving the country
ISI alumini🤟
Snake charmers to Chip makers !!!
Worlds leading economy in the 1600's to snake charmers and soon back to being the world's leading economy!
Promo sm 😡
Ye aadmi har jagah kehta hai ki PM ke sath kaam karta hai. Karta bhi hai ya nahi?
Slow, lazy .......
Will you advise to PM How stops corruption in India 🇮🇳. You are talking smart 🎉 but 25 to 40% corruption.
If India has practised corruption for 65 years, then it will take atleast 25 years to unlearn this ‘fabulous’ practise. That too, if a leader who loves his country beyond anything else and offers selfless service remains at the helm. And if the citizens become less hypocrite and practise what they demand from leaders. There you have it.