Economic Outlook is Bleak; Government’s Silence Suggests It Is Clueless About Problems, Solution
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- เผยแพร่เมื่อ 11 ก.ย. 2022
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In an interview where he paints a bleak and disturbing picture of the state of the economy, one of India’s foremost economists and the country’s former Chief Statistician has repeatedly said that we can identify the problems that are retarding growth but we don’t know how to tackle them. Worse, Prof. Pronab Sen says he is not sure the government has diagnosed the problems because it has not spoken about them and its silence can be variously interpreted. Consequently, Prof. Sen expects that India will miss the RBI target of 7.2% growth for this financial year and only come in somewhere around 6 - 6.5%. However, he points out, in real terms growth will actually be just 4% which, he adds, is at least 2.5% below the growth India needs to create jobs for its population. This means, Prof. Sen points out, we can boast of being the fastest growing big economy but it’s equally true that we are considerably falling short of the rate of growth we need (6.5% to 7%) to create sufficient jobs for our people which, in turn, will boost consumption and spending and create incentives for investment. In these circumstances, Prof. Sen said, Quarter 1 growth of 13.5% is clearly disappointing.
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I am tired of hearing the Bhakts ranting that there was no growth in India during the post-Independence era under Congress rule, that Jawaharlal Nehru is responsible for the economy being poor today and that Modi is the promised Messiah who is going to convert India into a Paradise on earth.
When the British left India the country's GDP growth increase was less than 1%. It increased to 4% or more over the next few decades with the implementation of the Five-Year plans. If MODI had been in power then he would have been trumpeting this as a 400% increase. Borrowing from an artucle:
"During Nehru’s three 5-year plans (1951-1965), India’s industrial sector would grow at 7,1 percent a year, the number of consumer-goods industries would increase by 70 percent, the production of intermediate goods would quadruple, and the output of capital goods would increase tenfold. India went from a situation where 90 percent of its industrial goods were imported, to halving that in 1960, and having only 9 percent of its goods come from abroad in 1974. This form of economic autonomy freed India from the industrialised countries and strengthened its position as a non-aligned country. Besides cutting ties when it came to imports, India also made sure it would not be dependent on a few industrialised nations for its export. Instead, India deliberately diversified its trade and made sure no particular region or bloc was left out or favoured. In 1947, 45 percent of India’s total trade was with the US and UK. By 1977, this would be reduced to only 20 percent, which was achieved by increasing trade with the socialist bloc and other non-aligned countries."|
Modi talks big about Atmanirbhar but Nehru actually achieved it for India in his lifetime. Today the BJP and its cohorts criticize Nehru for his economic policies but in 1945 eight influential industrialists including JRD Tata and GD Birla, advocated that the (Indian) economy would not grow without government intervention and regulation. This was how the license raj came in because unlike the Monarch who rules today Nehru acted on expert advice instead of arriving at instant self-inspired decisions.
The Bhakts who praise and extol China conveniently omit to mention that over 40 million died in China between the 1950s and 60s because of Chairman Mao's radical ruthless reforms whereas Nehru following democratic traditions and norms did not push through drastic economic agendas that would lead to large scale devastation and deaths,
We did not have Instant Demonetisation, Instant nation-wide lockout, Instant Defective GST and the like during the Nehru era. The nation developed slowly but smoothly. Today whatever Modi and his gang are selling off were assets create by Nehru
Nehru and his ilks are responsible for the socialist mindset that infected the mind of the country. It is still here but is slowly fading away.
True.
The Finance Minister of India is more concern about the missing photo of PM at the Ration Shops then problem face by the Economy.
Well said
@@baskaransamueljerome1806 Rice bag
I used to strongly support formalization of economy. Only after demonstration and GST did I realise people in a poor country survive because of "self help". The other name for it is "informal economy". Most "survival jobs" are generated in it.
Economy is extremely complex system than politicians and people realise. Nothing should be done in "one big mighty step". No one can visualize consequences.
Government must however do everything to promote economic freedom of individuals. It includes reducing all tax rates.
Don't do anything that protects government. It includes trying to protect every loophole that makes system complex for normal tax payer. Evaders always escape as they provide bribes to tax collectors.
Taxation is legalized theft. Time to decentralize India.
Strangely, The pandemic was a blessing for the govt to hide all its economic incompetence
absolute truth
True. And the people were all forgiving.
My practical situation :
I run a MSME that dropped sales from 19Cr to 8Cr in Covid years. We made cumulative cash losses of 2.4Cr despite bringing down costs. We have 1.6Cr stuck with GST in tax credit.
To infuse fresh funds we have no other options other than Equity from personal contacts.
My suggestions :
1) RBI should relax rules and permit Banks to lend money despite cash losses during Covid years.
2) Central Government should seriously think of returning corporate tax paid by MSMEs during 3 years before Covid. It could be in the form of tax breaks (2X of tax paid) on future profits- if not direct cash transfer.
3) Central Government can give a 25% interest subsidy to Banks on loans to MSMEs doing sales below $3Mn
4) Simplify GST- (a) Make refunds automatic, (b) stop penalizing buyer for tax evasion by seller, (c) eliminate ITC04 process
My solutions will solve problems of atleast "otherwise" viable units.
The banks simply won't lend money.
Indeed Mr.Modi & his team is clueless, not only in economic front but in each and every front, you name it.The most horrific thing is that this duo ( Modi & Shah) led government is directionless due to no effort, no in depth analysis,even this government does not have any information about the ground reality.It's not that this government failed in spite of hectic effort.This government did not take any action during the pandemic, though there were ample caution notes from various platform in reg.to Oxygen supply.Another classic example, during Mr.Modi's recent visit to Germany & other countries, he told India 'll feed the world, we 'll export wheat from India.And within a span of a few days there is U turn, India banned wheat export.Recall the Covid vaccine export incident to Bangladesh.
The callous government resemblance of a more callous leader.
There is a reason why media is only filled with success of Adani these days instead of growth of per capita income, employment generation cuz the government knows it has faltered in these regions and there is nothing substantial to talk about.
"Devil lies in the Details" This interview made me look at the economy in a very skeptical way and as a student of finance I'm very much interested in how can govt boost the informal credit system without considering black money.
That is the crux bro. After Lehmann Brothers disaster BJP had a in- house assessment on how India withstood the Shockwave better than many countries & three major conclusions were 1) The small savings schemes like NSC IVP, KVP etc helped people to either encash at a discount or raise loans against them. 2) Traditional adherence to the practice of gifting gold, in whatever small quantity, during special occasions came to the rescue. & 3) The cash money(black if you like to call it) came out of the closet when official money was in short supply & went back into the same closets when official money shortage eased out. Thus black money was one of the major factors. Today's NSA Ajith Doval was a major member of this meeting. Now when money is in short supply to the common citizens 1% of elite group holds 73% of wealth. Informal sector thrives on cash flow. Too much of digital money, digital transfers, insistence on accounted transactions are strangulation the informa job market. Unplanned Demonetisation & digitalization at the same time hit tge informal sector like a double barrel shotgun. No surprise remedies in sight. MSME & informal sector when choked will dry up jobs in turn cash flow will be sluggish.
@@KiranKumar-mq6hv you are very right. Actually the small sector was already in bad shape before the pandemic. The wages offered were also down then. There was labour distress.one of major reason for the mass migration during the pandemic. As labour saw no hope. Pandemic only aggravated a bad situation to worse.
You rightly said about demonitisation n digitization done to please n impress the middle class has hit the poorest the hardest. In turn we lost a huge consumption base. Leading to growth rates not enough for a sustainable economy.
@@d.dcosta8771 Thanx for a nice comment. A wind of change is required in the system from time to time. That wind must be a breeze not a whirlwind, isn't it? What is success? When positives outbeat the negatives. When the micro markets are gasping for air it is bcos the oxygen of liquid funds are drying up. You are right sir the jobs are drying up, incomes are shrinking, prices are zooming up & we have religious tensions creating apprehensions of the investors. It may hurt but surgeries are needed, very soon....
@messi4life Thank you too. Keep giving right comments to help me understand the truth better. Good day.
Watch his previous interview as well bro.
With the HDI plunging & Adani becoming world's third richest gye, we, indeed are having fun!
From the Data published in the most recent Ministry of Statistics for year 2021-22, the PER CAPITA GDP is a mere U$ 1980 for India and the INCOME is a lowly 56% of the GDP. From the Chief Statistician today I understand the REAL Growth of GDP for the 2022-23 will be mere 4% more!! This is pathetic when we want to rejoice over the gross GDP surpassing Great Britain with a mere 80 million people! Please remember the humongous Population of India is 1400 millions growing up 14 million every year! Modi Raj is failing India every minute of every day! But, People are fed with their IT Cell LIES and Propaganda as the "Fastest Growing Economy Beating Great Britain!" What a shame!!! :+((((
Is real growth of 4% bad in times of War and pandemic, when almost every other major economy is facing the risk of recession?
are u contributing to india?
@Salil Why not from Africa or China via Opium Trade? It's all old Grandma Story for Kids! Wake up and smell the coffee of New Era!! :+)))))
@Salil I know a little bit of Ancient India & of around 1000 AD to 2000, the Politics & Culture:
Like the invading armies of Mauryas, Guptas, Rajputs in the North (who invaded and occupied foreign lands in the North & West of current India) and the Cheras, Cholas and Pandyas in the South (who invaded lands of Burma, Malakka, Vietnam etc), Naval armies of the Europe also invaded India. Portugese, French and British came to India to do business during Emperor Aurangazeb's TIME when the land was full of riches (it had commanded a full 25% of world GDP, historians record). These Europeans also fought among themselves to compete in talking over the land by their Military Adventurism.
Slowly, East India Company of Britain took charge of the land, as the Indians were WEAK and DIVIDED among themselves, and can be easily wooed to be subdued by police and military force. As most Indians believed that their subjugation by the British for 200 years was DIVINE RETRIBUTION for the sins committed some time back in their lives!!!
The rest is history. NOW, in Independent India, the economic growth is very dismally slow and the broken memory of Indians is terrible. Even today, instead of lamenting over the internal quarrel and weak and meek behavior of Indians in the past, they cry and sob and say "British came from a distant island nation and looted us for 200 years!" And, its EAM claims British took $43 Trillion worth of riches of India! Or Indians were so weak that they could not protect their wealth by their muscle and intellectual power. The Winner of a War always takes home the riches from ancient times till today! That was true for a Winning Chola or to the Nordic Armies who conquered Northern Europe!
The world laughs and says "Indians were so pathetically weak minded and physically incompetent to win a battle. So, invading forces took over them and ruled them for 2 centuries! Finally, whose fault is it? THINK!!
The day I started Watching interviews of Karan Thapar Sir , Honestly I am now Addicted ,Every interview I watch 4 × times 👌 Tough and logical Questions and moreover Fearless Journalism , Love you Sir 😊
good job..keep going !
Don’t be confused by a conman with good English.
Prof. Pronab Sen is brilliant and direct ... excellent interview ...
I am happy that Modi is not thinking about economy. When he thinks about economy and works on it, he makes it worse. It is good that he is busy doing flyover inaugurations, mandir masjid, anti-Muslim rhetoric, MLA purchases and statues.
Lol you rrally made me giggle om that🤣
The best comment
28:30 At the onset of first wave of pandemic, during abruptly announced lock down, most labourers and contractual employees were forced out of jobs, shelters without paying their wages and all those were forced to walk back to their villages because they didn't have work, food and shelter. Why would they go back to cities if they can manage to get some earnings at village levels?
the worst is that, these people are now on subsidy. subsidy comes from taxes. so the money that could be used for education, defense, health gets redirected.
70% of them are back in cities !
@@SadguruPrernaTrust Please provide source for your assertion
The MSMEs (Micro, Small & Medium Enterprises) are the backbone of our economy. It provides employment to more than 100 million people, making it the largest source of employment after the agriculture sector. Its contribution in GDP is about 30% but its share in export is about 50%. Therefore, the development of this sector holds key to inclusive growth and plays a critical role in India’s future.
Is msme vanishing as giants conglomerates the economy
You are 5 years too late. Demonetisation, GST and lockdown have ensure that is not the case.
and yet it is this sector that has been ignored by the govt..
Love the fact that Mr Thapar is now going to be our expert on the economy identifying all the underlying issues and providing recommendations.
Notice how he completes Prof Sen’s explanations and the adjectives he uses.
Karan does have a degree in Economics from Cambridge University, in case you did not know it!
@@historian2 thanks for sharing. The way Mr Thapar asks questions, I thought he was a political science major. I mean look at the way he completes sentences of guests which are going against the government, but doesn’t complete the statement when the guest says something neutral or positive about the government policies. This is not just for this guest but across all his interviews.
@@manojchowdhary4208 You say that, as if it is being political is a bad thing for a journalist. There is nothing wrong with a journalist being "political" as long as they they are being civil, authentic, and honest in their views and conversations, all of which Karan is.
The standard of journalism in India pathetic. It is rife with sycophancy, and it desperately lacks integrity.. Karan is one of the few in your country of billions who dare speak truth to power. But no, he being political is the issue? Indians truly have their priorities all wrong. Especially the Indian male like this commenter, who tends be, generally speaking, extraordinarily mediocre, and thoroughly bigoted.
@@historian2 oh really, good I did know that 👏👏👏👏
Excellent analysis
No Data Available (NDA) is integral to Jumla Economics. Unorganised sector has been brutalised in the way of private sector. Taking over England in the GDP means that 2400 USD per capita in India is equal to 47,000 USD per capita in England. More private sector implies more unemployment. Jumla economics worst at its rhetoric.
NDA: No Data Available 🤣🤣
Lol 😂. How you got these numbers if no data available!!🤔for jumla thapar jumla follower 😀
47000 $ per Capita in UK ! That is a joke.. Rent for 2and half rooms is £ 1700 in London ie rs 1.70 lac per month !! India ? 10% of it. Electricity and gas bill ? £ 3000 per annum ie rs 22000 to 25,000 !!
@@SadguruPrernaTrust that is why PPP is considered the right parameter to go by.
There is always a way to defeat self inflicted economic injuries and it is the oldest one in the book, its called rob Peter to pat Paul...use tax collected from Middle class (.its Tax deducted at source and you don't have to explain anything back to them on how its spent and what benefit they gain by paying taxes) to bankroll subsidies for the poor and loan waver for the wealthy. Divert bulk of tax collected from Southern states to run bimaru states up North(Just tell down south its one nation and someone has to foot the bill to run it)...So you see there are always options !
Absolutely true.Modi Govt is absolutely clueless about the solution to the problem of rising prices and disappearing goods.
Thanks!
Excellent Excellent...
A very fruitful interview Karan Thapar.
Keep bringing such interviews.
A true soldier in such times, where truth is hidden by the Indian Media.
I salute you. Jai Hind
Mr. sen is so good at explaining things which is no bullshit and straight to the point . Kudos to you sir
37:10 This perception of becoming world's 5th largest economy can be self-defeating as well.
Thanks
Solution : In order to boost the entrepreneurial animal spirits in MSME sector. The following needs to be done :
I] Incentives to the IT Services Sector to move to bottom 20 among the top 10 city's of India. Why, IT folks have disposable cash, therefore it will result in the growth of the following MSME sectors a] construction b] retail c] travel d] transport e] tourism.
II] Incentives to the MSME sector who start new ventures.
The economist is very clear in his thinking and expressing. One thing didn't come out is that the whole economic are being decided by two company's and all public finances are in their pocket from the banks while NPAs are growing more. May be u can get some interview on that. Thank u sir, how interrelated and has great role of SMES in economy like our country
There is no clue for the modi government to tackle the economic, financial situation
They are doing only thing that squeezing money from the people who are afford or not. The unemployment is to be brutal and fatal to the econmy in coming months and years, with the price rising due to heavy taxation methods.
Government not having any discipline to controll their expenditure
Lot of luxuries making wastage of funds for unnessesary things
This will be lead to total financial anarchy in the country in near future
Top Economist this gentleman is hope Modi govt. listens to people like him, Kartik Basu, Nobel Laureates Amartaya Sen & Abhjit Banerjii. Incidentally they happen to be Bengalis!!!!!
Amazing interaction ❤
Green shoots in the economy
Our FMs favourite phrase
Please also add Trasnscript of your discussion below your conversation
Great interview, as always
Excellent as usual .
Hello Karan, Your interviews are very insightful. But instead of interviewing a person, can you moderate a panel discussion with couple of "Chowkidar" economists and couple of economists who talk sense. The same could be done with foreign affairs/military strategists on topics like China.
I really like your questions and analysis and greatly appreciate.. but you must realize that you are also an Indian and need to appreciate and can appreciate the Indian growth / achievements made . Always being negative is not good … I will continue to watch 👍🙏
yes i shall continue to watch your programs.
Karan thapar . you are spot on. There is some fishy games on going by this government.
Excellent analysis. Let our government watch this
Mind Begs the Question:
If Govts strength - having Power over People
If Peoples strength - keeping eye Power not Misused
If Govt - Divide People on Religion,Caste
Govt - Dividing,distracting Peoples strength,No?
truly genius assessment, good one,. cheers
It doesn't "beg the question"; it _raises_ the question. "Begging the question" is a logical fallacy.
There is only one solution in India. It should form like Europian Union and states become counties. The local needs will draw full attention. Almost all developed countries are smaller than the states in India. Decentralization is best policy advocated by UNO.
Its not as simple. The buying price of items is not true price. A lot of easte is generated which is pushed in other places. EU can be rich and better managed. But it pushes its waste just like all others into underdeveloped places. In India, Gujarat, Maharashtra and some South states will continue prosperity by pushing the waste into UP, Bihar, etc.
Decentralization does not necessarily change this setting. Both centralization or decentralization have their advantages. The main thing we can learn from better Empires is checks and balances. Whatever the strategy, if there are checks in place, then things get better.
Very clear,very frank& very unbiased opinions by Mr. Sen. Why don't other so called clowning journalists ask such questions to the people in power? Chamcha media houses are a shameless bunch. Well done Mr. Thapar.
These kind of interviews are very very crucial for us to understand the working of our economy in the best possible way. Hats off to Karan Sir for bringing out these kinds of interviews. Need many more of these ❤️❤️❤️❤️❤️❤️❤️❤️
Some times fail to understand whether Karn Thapak is asking or telling.
He wants to get a negative response from Pronab and looks like he is just waiting for it
39:49. This is where the FM took her reference to dollar appreciating from!
Always a pleasure to listen to your interviews.
India flows with Rahul. Time has come for the finals.. 👍👍👍Great people participation. Save Nation rally 👍👍👍Counting the Cause of saving the Nation. What is spending is nothing.. 🙏🙏🙏👍👍Counting the Cause of saving the Nation. What is spending in nothing.. 🙏🙏🙏👍
The economic problems have many ways to solve. India with heavy polulation density with multiple cultures requires individual solutions earmarked to that region. The problem with one nation one solution is outbound. The story of friendship between 🐸 frog and rat 🐁 story ends with disastrous. We have to have a republic to as Europian Union to apply different approach to problems. Many of the developed countries are smaller than any states in India. Better humanity is superior than super power angry.
One nation one system is the most stupid principle
“You are disappointed…yes, I’m disappointed with numbers” lol 😂. What a epic and setup interview!!! 🙏
Typical of Karan Thapar. Nothing positive will come out of his mouth.
All interviews are to highlight shortcomings....he will not highlight success. Whether Karan likes it or not, Modi will be there beyond 2024. He will not ask tough questions to Sonia, Rahul or ManMohan.
Loser !
I am a regular sponsor supporter. I intentionally visit TW channel to see if Karan did another interview. Thanks for this TW team! You do India and humanity a credit. Everyone donate whatever small or big amount you can!
But it's not accessible to most of India and continues to remain for selected elite. It needs to be made more accessible by alternative approaches of language and focused content. Else this is just an intellectual exercise. May be being a sponsor you can put the word to their ears. Not abandon these productions, but create parallels that are more lucid to deliver the main point/outcome, short and be accessible by language (Hindi)!
@@MrRishiraj81 Your demand is valid. So donate yourself and make a pressing request. Otherwise, you may consider yourself lucky that you got to hear this for free. In the age of free inform"ation", "inform"ation is not free.
Excellent video. Also thoroughly depressing
Lage raho Karanji!
Economy is uncertain and no clear direction and action is visible from any side.
There is maximum scope and future of agriculture and MSME,and peace and hormany and not killing all industries by Boycotting
The Government should restart the five years plan with public sector expansions. Private sector is selfish. Most of the very rich people ran away from India to London taking their money with them and they are investing in Britain. We cannot depend on the private sector.
In net shall there can't be a intellectual discussion on any work this government is either doing or pretending to do.
So true economy is what's more important than anything but please make it short and discuss it daily solutions can come out from pressure
This guy said there will be rites for food during lockdown in an interview with the same guy on the same channel.Need to take his words with a pinch of salt.
Solution : Reduce the tax burden : indirect and direct tax, people will have cash at their disposal, which will lead to demand, growth and investment. For the income group India falls under, out Tax Collection to GDP ratio is one of the best in the world BUT a] government's the world over are the worst when it comes to optimal utilisation of capital b] no causal relationship exists between tax collection and growth, the way a causal relationship exists between investment and growth.
Therefore, the government needs to reduce the indirect tax rates and the direct tax rates.
Destruction of production started with demonetisation.!!??
What a great session. Welcome back Mr. Sen.
Please bring Jayati Ghosh also for interview.
Great session?? Both r psychotic
@@worahkuntal5285 not as like you... Mr. A**hole
Why Congress had put big photos of only Rahul each and every hordings of *Bharat jodo* abhiyan!!! Not e single sinior leaders are in Congress???? It is once more try to relaunch of Rahul. What Congress and it's budget is from one family!!!!! Shame on entire commitee of Congress
It is completely clued into creating the problems and is working towards creating more problems in which it finds a solution to continue its pillage.
1)I respect all religions and there's a question into my mind, nowadays before or after election mostly only the children of the poors, farmers, daily wages labourers, small job worker, small vendors, self employed, unemployed belong from mostly (SC, ST, OBC) get involved in every riots & killed by each other community but not the one who gives hate speeches or their children, only poor Die and also they don't care anyone?🤔
2)INDIA is a parliamentary democratic secular country, it's a government of the people, by the people & for the people of India, rulers are elected by citizens to rule the country and work for the welfare of the people with sincerity?🤔
3)every common person basic needs which are necessary to survive & spend normal life on priority based (i:e) education, employment, health, development, infrastructure, women safety, before election this are the promises made by Them do you remember after election?🤔
4)but after we don't focus on Real issues, high Inflation on basic needs, Education, unemployment, Health, Development, women safety, Hunger, poverty, illiteracy facing day by day(ST, SC, OBC) & also from every community?🤔
5)what purpose we have elected them for 5 years as a public servants to serve the nation what we are getting today rich getting richer & poor getting poor think twice!?🤔
6)instead we are indulging or creating unusual activities because of easily getting divert by a Leader or hypocrite people, one who gives the hate speeches & do dirty politics in the name of religion or caste only to fill their vote bank, have you ever notice about them or their children ever appeared in any riots or they had face any lose, real facts they are studying in abroad well educated, also well settled & live peacefully in high standard lifestyle, after retirement they get benefits on public tax?🤔
7)you are just spoiling your & your children future but never try to focus on real issues, just born to struggle in whole life for basic needs do slavery & die for it, because of inequality & discrimination, still don't you understand their chronolgy!?🤔
8)think twice they are busy in politics for vote bank or break the chain peace & harmony of our country & make lose of citizens & don't care about anything, anyone even you also, dont you still understand in this kind of dirty politics?!🤔
9)don't you feel every lives matter if they belongs to your family, friends, relatives, from other city or other states all are human, some are good & bad in every community & no one has right to judge anyone by their caste or religion , if someone done wrong he was punishable no matter from which community or caste he is belong, if you don't understand today, then be ready for which will be worse than the present situations?🤔
10)wakeup now & open your eyes, be practical where we are heading towards & you should also learn from our neighborhood country Sri Lanka just do research before & present situation of the Srilankan people, how do you want to see the object with your own attention happening today in our country?🤔
11)if you wants to know the past watch "Jai Bhim" if you wants to know the present watch "Nayak" and if you wants to know future watch srilankan people live today🤔
12)make awareness & now it's time to be unite together from every community & save humanity, save constitution, save country before it's too late & this msg for all human, still I hope you understand now some people now here with positive & negative thoughts but remember onething truth never die & never hide , finally it's your life your choice & your decision......Jai Bharat Jai Savindhan🙏
There is no point in talking so much. As Gandhiji used to say, don't blame the British. Ask what you are doing. Recently it has been Congress's strategy to just talk and not act.
Even educating 10 neighbouring poor kids is a contribution. You cannot do more than that, and that's fine. But do it.
Shortages are coming due to the rise in cost of Fertiliser, grain & energy (due to the West's myopia on Oil & Gas) so our governments has to shore up our financial position in preparation for that.
Hamare Loktantrik Desh Bharat mein Gareebee Badhtee Jaa Rahee hai Jo Aam Janta ke liye Kashtdayak hai.---- Aam Jan Adhikar Manch, Buxar, Bihar.
Yup.. I am gonna buy.. Be fearless
Britan is not doing well after brexit. Now larger than britan's economy is nothing if we compare per capita. Modi's boast is hollow as hollow as any other promises he made to Indian people.
Either we have no data or we have fudged data,where are we heading to digital India?
Discuss on Real GDP by quantity of products.
If I raise fuel rate by four times , India will be no 1 economy in world
You are right that what is modi doing
Soany andhbhakts and fools don't understand about
Better interview Mr. Jayant Bhandari on India. And Mr. Jeff Snider (AIP) on India economy.
Jayant???? 🤣🤣🤣🤣🤣 JOKER.
Economic
Problems are not important. Demolishing mosques and building temples will ensure the same government gets voted in every 5 years.
Truly spoken
Yes that will be the emotional game play. Because we have a very educated public who prefer Religion over their growth.
Whit out EVM bjp kcan win any where people are not putting voite
yes, that is important for us than ur food. you get lost man
👍
Karan: Prof Sen, would you like to have tea? Prof Sen: ummm…hmmmm.. well….you see….yes and no… Brilliant interview. Learned such a lot
Even nyt & guardian praising India high growth amid global doom gloom situation .but echo chamber of these so called intellectual are filled with remorse & pessimistic vibes
Meanwhile FM's only concern is the photo of Modiji on food packets.😂😂😂
Amazing insights and a nice interview. Hope they sign off modinomics and do some real economics.
Modinomics is nothing but jumla economics. When and what one tries to know no data is available.
Sounds like a balance sheet recession at both the level of private business AND the consumer. Not good.
I learnt a new term- balance sheet recession. Thanks
Maybe consumption is not coming back because too many people just died in covid.
Two years were tough and we lost opportunity of growth due to covid and now we are catching up. So at least appreciate this growth.
i don't think you heard the interview. this guest has been the most neutral one. but just simply identified the concerns.
Nice channel and fundamental channel is wire,
Informal credit system means encouraging hard cash transactions with out getting in to formal economy otherwise allowing generation of black money,pronab Sen identity it is for slow growth but he has no solution and neither government too.
#India gov taking decisions what should have been really private will work very well for long #USDINR short #Rupee investors with greater force than it worked in the past like after #demonetization or #lockdown or now burning #reserves and because of all these killed/ling #MSMEs and therefore exports. Welcome to democracy.
#USD #STUSTs
You guys must be refering to our neighbouring countries, right ?
The point is formalisation of economy means MSME and micro sector will have to integrate with organised sector. Otherwise it is bound to die. We cannot again go back to cash and black money economy.
Now we are in cash economy more than earlier from 15 lac crores to 21 lacs
Please try to study the subject
His views on FDI & Mauritius treaty(DTAA ) and WTO recommendations ?? Is the formal corporate sector and its expansion the real reason for worsening of the economy as a whole ??No no that is not a thing we should be proud of .We must remember that US dollar is the world's reserve currency .So the fact that we have appreciated against all other currency except dollar should not be a pat on the back .
The BJP for all its bluster has seriously wrecked the economy. The PM enchanted by his own views does not even half understand the challenges that our country faces. He is more comfortable playing to the gallery than in addressing our economic woes. India is pulling along largely because of the Southern states yet they are the ones who get penalized by low GST allocation. It is safe to say that this Govt is grossly incompetent, led by the most incompetent bunch of fiends who are dragging us into the dark alleys of uncertainty.
Uncompromisingly forthright analysis
Just thank god if you are in India not in EU right now. Don’t listen these sick discussions.
Please take an interview of Amit Shah ji.
He will not give an interview to the real journalism. Only fake works for him.
He is a great economist. Won noble prize from WhatsApp University
Doomsayers who wake up to see the glass is half empty! When world economy shrinks India’s economy will also be affected relatively. India’s own market is her strength.
Yes
I love this program. But I have a suggestion. Karan says good bye even before his interview starts. I think that is not correct. Think it over positively. Best wishes
Lol, these guys come and go.... Truth resides in data and data suggests india is far better placed than any other country....
Dear Karan ; when did you last used,in your interviews the phrases like ' policy paralysis or Corruption in High Places ' ?
That gives us the confidence.
Brilliant Economist.....but Karan will never learn to shut up and keep interrupting the speakers . They are unable to complete what they have to say while he butts in....if he thinks he's doing a great job....then he's mistaken bigtime.
The patient is in a critical condition and on a hospital bed but we don't know what's the body temperature, blood pressure, oxygen level in the blood, blood sugar level... how on earth a doctor will do a diagnosis let alone prescribe a treatment towards recovery. We seem to be living on a wing and a prayer. It however doesn't stop us from boasting and comparing ourselves to Britain which has a standard of living most of us cannot even dream of.
True, its like we know the disease but we don't have cure, like cancer, Aids, corona, etc.
Thank you so much for this 🙏
Excellent analysis and discussion.
Fantastic interview full of important takeaways.
A brilliant mind laid bare on the right queries.
The begining to a recovery is to identify and admit we have a problem, and diagnose it, the Govt is silent on this and as mentioned communicates only in its yearly economic survey. The MSMEs have been starved of growth inputs be it credit (formal or informal), labour (reverse migration from urban to rural), the Govt has focused big time on infrastructure and organised manufacturing, the PLI schemes and organised credit have squeezed the credit flowing into the unorganised sector, Rural employment under NREGA has increased, unemployment in a steadyjob has decreased, thanks to demonetisation the confidence in the paper currency has taken a beating, increased fuel costs have broken the backbone of transport & logistics sector, the transport sector has been knocked out, and unemployment is bubling under the eerie calm.
With national elections around the corner, the Govt would opt to keep this under wraps, no diagnosis for now, continue to hope that the pvt capex in organised sector will kickstart and trickle down to the MSME..but this is unlikely to happen, the numbers are disturbing, they don't portray the real pain, not is their a solution, India has a big problem.
This is another instance where the stock markets don't give the true picture of Bharat, the benefits that organised sector have got needs to start showing results..or else it means nothing, no point chest thumping that we are the 5 th largest economy with a 2200 percapita GDP Vs UKs 44000percapita.
The bridge between urban and rural connects were MSMEs and that's broken.