Double Digit Growth Is Feasible, Says KV Kamath | India Economic Conclave | ET Now

'Never seen a banking system so clean in last 50 years, says KV Kamath, Chairperson, National Bank for Financing Infrastructure & Development (NBFID), while speaking at the India Economic Conclave.
#IEC2022 #IndiaEconomicConclave #BusinessNews
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[@aburetik4866]

lndia ranks 101 out of 106 in World Hunger Index 2021. After years of "growth", lndia's per capita GDP now falls behind that of Bangladesh.

[@rudrasingh883]

that's bullshit reason- flawed method ,limited date , bais and last but not least wrong population macro economic relation.

[@amnsia747]

it was during covid not now check he facts dude

[@vincenth3267]

Nothing has changed , since the Inca's sacrificed their children for prosperity in the America's!! "Free" Fiat money with the promise off prosperity, does this to (STUPID) Ignorant People!!!!!

[@mavula8743]

I think we are missing important questions how does digitization or automatization will effect employment for such large population of India

[@rohanch07]

Many will lose, some will gain in terms of income inequality in the short term. Overall living standards and life expectancy will go up in the long term. Basically, same as it has always happened with Automation and sudden jumps in efficiency over the course of human civilization.

[@edwardtang1977]

Indian covid infection per day is six digit. 🤣

[@ABCXYZ-jk8me]

Third Horse of Apocalypse: World Financial Failure Remember: (How Soon We Forget) 1st Horse WAS Satanic Government's Corona/Crown Achievement--Threats 2nd Horse Current World War ... 4th Horse Destruction of Globe !!!! 5th Horse IS Second Coming with All His Worshipers !!!!!

[@Shivkumar-jg9zu]

The audio quality is poor. Then interviewer was literally whispering in the mike... Overall very boring with no discussion on hard facts and trends based on facts/experience. low quality... avoid this is you can

[@HeartistMurali]

A BJP devotee to the core. Don't believe a word he says.

[@infact5376]

Great insights! Abreast of the environment!!

[@ramprasaddeshpande6302]

it looks like he is talking about gdp , the optimistic estimates as of now according to my calculations and all the promininant economists by calender year 2028 indias gdp will be 5 trillion usd , and by financial year 2031 it will achieve 6 trillion, but as per the speaker(= kvkamath) 5 trillion by 2026 and 7 trillion by 2029 , how its possible ? or is he serious and data backed or simply he just saying to motivate audience, i m confused. as per most of the world his projections are impossible in nature. As people say that lieing is bankers game😁😁😁

[@maramnikhilreddy424]

True

[@maramnikhilreddy424]

I think 15 percentage growth rate is needed to achieve 5 trillion by 2026

[@Charvak-Atheist]

We need Nominal Growth rate of 13.6% per annum to reach 5 trillion USD in 4 years. Note: Nominal GDP growth = Real GDP growth + Inflation. So if let say Inflation is 5% per annum then we need 8.6 % Real GDP growth per year. I think that is possible. Yes but if you are talking about 6trillion GDP in 2026 in the prices of today (2022). Then we will need 13.6% real GDP growth every year. I think that is very less likely. But 6trillion in the prices of that time (2026) is certainly possible.

[@pratiksarangi2951]

As former CEA Dr. Krishnamurthy Subramanian & former Niti Aayog VC Dr. Arvind Panagariya say repeatedly - Never mess with the banking system, structural problems in Banking system will take too long to heal. Glad to see that banking system looks great now.

[@sathyanathanmenon7778]

If the banking system is great, how com the bad lending happens @ 6 digit ?

[@pratiksarangi2951]

​@@sathyanathanmenon7778 NPAs used to be @11-12% of all loans/ credits till 2019, now at @5-6% of all loans/ credits given out by Banks. NPAs happen everywhere in the world and we’re no exception. That’s just the way of business and banking - the effort must be to keep NPAs at the minimum. Insolvency & Bankruptcy Code (IBC) was introduced in 2016 to allow Banks to declare loans as NPA, take them to IBC tribunal and start liquidation process. Something like USD 60 Billion has been recovered in the process in last 5 years. A Bad Bank was created to allow Banks to transfer their stressed assets, the Bad bank will then take these stresses assets to IBC tribunal and facilitate liquidation. Another way to fight NPAs is bank privatization. HDFC, ICICI, Axis etc. has lower NPAs compared to SBI, BoB, PNB etc., (Source: www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/indian-banks-profits-set-to-grow-more-as-rates-rise-nonperforming-loans-fall-70564348). Bank privatization is extremely important if we don’t want NPAs to get out of control every ~10 years.

[@ZainKhan-ze3gn]

K V Kamat is a legend 💙

[@Liberty55555]

lol. yes he is legend because 10 years ago he said even if govt does not do anything india will grow double digit.lol lol lol and then india saw worst growth. now again he is crying same. he knows nothing. just nothing., thats his legend. lol . google it.

[@hindaviswarajya8853]

@@Liberty55555 source?

[@kartikgarg4446]

He is gem of person