Economy Not in Great Shape, Modi Govt Needs Change of DNA Because Its Handling is the Problem

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The Wire

The Wire

Күн бұрын

The economy is not in great shape & the govt. needs to change its DNA and instincts because its handling of the economy is the problem: former CEA Arvind Subramanian to Karan Thapar for The Wire.
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The first Chief Economic Advisor of the Modi government, who served from 2014 to 2018, has said, 48 hours before the budget is delivered on Saturday the 1st, that “on all fronts, the economy is not in great shape”. He says there is no doubt that the economy is slowing down and this is not a short-term slow down but structural. More importantly, Arvind Subramanian adds that to tackle the problem the government needs to change its “DNA and instincts” because the government’s handling of the economy is the problem. Dr. Subramanian identified three areas where this change is most required. They are: the national champions policy which the government is pursuing, the weaponization of the state in all its different aspects and the policy of protectionism. As he put it, “a deeper recalibration of policy is needed … the government needs to go back to the drawing board and accept that what it’s doing hasn’t worked”. In other words, the current model of handling the economy is not working.
In a 43-minute interview to Karan Thapar for The Wire, Dr. Subramanian, who is presently a Senior Fellow at the Peterson Institute for International Economics in Washington DC, said that unless the government can rethink its handling of the economy it’s not plausible to believe that India can become Viksit Bharat and a developed country by 2047. In other words, the fundamental rethinking of the way the government handles the economy, which is necessary to overcome the present structural problems facing the economy, is also necessary - if not more so - to ensure India becomes a developed country in 22 years.
Asked if there was a danger India could become old before it becomes rich, Dr. Subramanian said the real danger he sees is that India could become old before it becomes a credible middle income country with a per capita income of $5,000. At the moment India’s per capita income is $2,500 - $2,600.
I will stop there. I’m only giving you the main headline points made by Dr. Subramanian. I want to encourage you to watch the interview for yourself rather than attempt to precis and paraphrase what Dr. Subramanian has said.
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Пікірлер: 429
@Habibi000pppppp
@Habibi000pppppp 5 күн бұрын
What an interview. No shouting. No personal pin pointing but delivering the msg loud and clear. I loved the way Dr Subramanian expressed himself. And hats off to Mr Thapar for giving the maximum time to Mr Subramanian to express his views. It is rare to see this type of discussion in other forum.
@ashutoshtripathi4424
@ashutoshtripathi4424 7 күн бұрын
This guy was also an advisor of Mr. Modi once. I do not understand how economists like him, Surjit Bhalla, Aravind Pangaria, Gurcharan Das have supported Modi's governance. Other day I heard Surjit Bhalla saying the world has admired Modi's leadership during Covid. Really? Where did he see the admiration for being an inactive spectator of lakhs of deaths during covid? Mr. Subramanian is speaking so eloquently on how things have gone wrong. But did he show courage to say that demonetisation was a terrible blunder? Did he say the way GST was being implemented is going to slow down things? When an ordinary person with some economic understanding could understand the consequences, these guys toed Modi's lines. He speaks goodies and facts now when he is no more a part of the Modi's circle. And, even here he does say that Modi government has cleaned the banks. Really? I fear experts like him more than the leaders like Mr. Modi and Mr. Yogi. Now India has started sliding on socio-economic scales. No one can stop it. People will keep digging mosques after mosques, and with that their future. Only way to stop this to acknowledge there is a problem. Then transparency, coupled with real democracy and very honest and free discussions can start making some impacts. Politics is one thing, but when it comes to economics, the central government will have to consider the state governments equal partners. When dealing with economic decisions, politics should not be there. Can Modi do it? Not in his genes. So, India cannot resurrect. Do not be fooled by stock market performances. Structural problems had started setting in since 2013. It has accelerated under Modi. The government has been busy in just blame game. For the last 11 years or so, the government has just kept on blaming Congress for all problems in the country. And, what it has done in these years, it never talks of that. I have lost hopes of real revival under this government. Since India is a 150 billion country, it will keep growing around 6% or a little more. What India needs though is a growth rate of at least around 9%. China grew by 10% for around two decades. India should grow at least around 9% for at least around a decade and half. Can Modi or this "Hindu Muslim" government do it? No chance. And, words from these "experts" sound hollow knowing he was there when Modi used dictatorial attitudes to bring draconian steps.
@mali3490
@mali3490 7 күн бұрын
When you are under employment of a dictator, you cannot but toe the leader's line. It is not fair to expect it. However, once he has quit, he has been consistent in identifying structural flaws. Hope someone in Modi's inner circle hears him.
@PraakashRanjann
@PraakashRanjann 7 күн бұрын
Thanks to hum 5 humare 25 kaum,in few years we would be competing with Pak in terms of economy
@rosarosa6715
@rosarosa6715 7 күн бұрын
Now even stock markets crashed😂
@srinivasrao369
@srinivasrao369 7 күн бұрын
Well said Sir
@ageless1003
@ageless1003 7 күн бұрын
​@@mali3490agreed but that doesn't save him from his deeds.
@rosarosa6715
@rosarosa6715 7 күн бұрын
Intimidating other investors like Ambuja cements, GVK, and snatching their businesses to give to 2As!
@reganjoans
@reganjoans 7 күн бұрын
Further all telugans are doomed in pan india dump movies is also a hindrance to unions growth
@Oceansta
@Oceansta 7 күн бұрын
absolutely right. GVK case was unbelievable and blatant.
@AshokShukla-d1x
@AshokShukla-d1x 4 күн бұрын
In this corrupt government the Frauds adani,Ambani are being facilitated by Narendra modi for loot & scoot, remaining all the business is being badly destroyed.
@AshokShukla-d1x
@AshokShukla-d1x 4 күн бұрын
​@@Oceanstait's very unfortunate. PM & gang involved in Conspiracy & loot of money.
@truthmaker700
@truthmaker700 3 күн бұрын
​@@Oceanstaelect gujju gundas and you get Gunda raj. What else.
@paulprinceyb
@paulprinceyb 7 күн бұрын
Love you Mr.Karan Tapar for the truth, integrity , unbias in the journalism your boldness is contagious
@pushpendergusain4262
@pushpendergusain4262 7 күн бұрын
Thanks to Arvind for explaining the economic health of the country and the steps required to improve the private investment in simple language.
@Sudama2000
@Sudama2000 7 күн бұрын
Question is, is the government ready to take the feedback of economic experts like Arvind. The problem is PM is autocratic and doesn’t like to brainstorm and come with economic policy changes. Currently the government’s agenda’s key focus is Adani centric economy.
@2011LilyC
@2011LilyC 7 күн бұрын
He is as much responsible for this state as anyone else - he is changing coat now but he was once a modi Bhakt and advisor and instrumental is breaking Indias economic backbone … “ poor policy environment “ he forgets he helped build these poor policies
@shubhamsharma691
@shubhamsharma691 7 күн бұрын
I remember Mr. Subramanian calling Raghuram Rajan politically inclined & pessimist in a debate in 2021 inside a US University. Today he's mentioning the same risks after 4 years
@prashanthb6521
@prashanthb6521 7 күн бұрын
😂True.
@mayank9638
@mayank9638 7 күн бұрын
You Raghuram Rajan fanboys need to stop this nonsense. If India had taken Rajan's advice regarding expansionary policy during COVID we would have been toast today, as seen in many economies. Stop treating him as "God".
@Little-bird-told-me
@Little-bird-told-me 7 күн бұрын
@@mayank9638 Very True. Infact Raghuram Rajan is quite over rated. Idk why they call him an eminent economist. His idea of growth was focus on "service sector" not manufacturing. Any economist worth his salt knows that only manufacturing sector can create mass low skilled jobs.
@shubhamsharma691
@shubhamsharma691 7 күн бұрын
@@mayank9638 1st of all I ain't a Rajan fanboy. 2nd you dummies don't know that Govt anyway did it by creating fiscal deficit & that too in $ terms by taking foreign loans by Central Govt, allowing it for State Govts & subsidized it for companies like Adani on tax-payers. What did it do with these loans? Distributed revadi to voters who can never heatup the economy. Get your theories right man !
@shubhamsharma691
@shubhamsharma691 7 күн бұрын
@@Little-bird-told-me For you Mr. Diconomist - It's a fact that Manufacturing creates low-skilled job & over-time country moves to service sector but India missed that train already & no schemes increased its % in GDP. His advise was to take advantage of English-speaking population (not physical labor headcount) to take the great leap forward. Grow in areas like hospitality, tech, medicare etc & become world class in it which would solve 2birds with 1arrow. 1st it'll increase the much needed human development index of Indians prematurely (which gets solved only once country becomes developed) 2nd it'll India integrate India to the World Economy just like China but in the tertiary sector. India can still have high-end manufacturing for itself over-time with delegating low-end manufacturing to South Asian neighbours, thereby increasing neighbourhood trade & regional stability (as no country became superpower without increased regional trade) Thus, India can use its current anamoly of service sector development before 2ndary sector to its advantage & can show the world actual "India Way" instead of only writing books. This idea seems perfect & nonsense at the same time BUT who discussed it further, including Rajan? No-one Now we are stuck as a parasite who's confused on which host to hop-on, China or US
@ageless1003
@ageless1003 7 күн бұрын
I knew this since 2014. Everything is happening as i expected.
@narainsinha
@narainsinha 7 күн бұрын
All rational human beings think alike
@vaibhav_s8350
@vaibhav_s8350 6 күн бұрын
so did u leave for western country in time ?
@alok4lyff
@alok4lyff 4 күн бұрын
@@vaibhav_s8350 yes he did. he went to visit someone and came back.
@ulupisanghvi
@ulupisanghvi 7 күн бұрын
He is bang on.. I hope the people who need to hear this do so
@KinniHundal
@KinniHundal 7 күн бұрын
Thanks!
@gajendragurappa1645
@gajendragurappa1645 7 күн бұрын
What we can expect from incompetent PM, FM & HM.😮
@PraakashRanjann
@PraakashRanjann 7 күн бұрын
Thanks to hum 5 humare 25 kaum for pulling economy down
@arbjful
@arbjful 7 күн бұрын
The FM had only one solution to all problems, apply GST
@reganjoans
@reganjoans 7 күн бұрын
you can blame modi alone on this, infact pappans had betrayed him. He followed pappans ideas and ploys now pappans had failed how they failed sudras like prithiviraj chavhan and shiva the martha king. Don't worry pappan infact resurrect themselves using the icons theys betrayed!!
@narainsinha
@narainsinha 7 күн бұрын
Chaos
@graceMASTER777
@graceMASTER777 7 күн бұрын
Incompetent is too kind of a word for the three you mentioned.
@gc95915
@gc95915 7 күн бұрын
Why Tamil Nadu has done better is the question we must ask. The answer is they have the guts to stand upto Delhi and pursue their own policies to the extent possible under the circumstances. The most simple way to trigger growth is to give states some elbow room. Decentralisation and devolution of power. Every state has its own advantages, resources and needs. In fact, every jumla modi said is actually brilliant - cooperative federalism, small government - big governance, make in India, skill India, startup India, swatch Bharat abhiyan, etc. Had they succeeded, India would be growing at double digit rate. The reason they all flopped is because they were just jumlas. They were never really serious about it. Last eleven years were spent on encouraging crony capitalism. I agree totally with Mr. Subrahmaniam that the problems are structural - both economic and political. Politics of religion is only making things worse. The whole structure has to be redesigned bottom up, not top down. People have to be empowered to better themselves. A vishwaguru sitting at the top will not develop the country.
@surappadujami2949
@surappadujami2949 7 күн бұрын
I agree what you say but there are millions who want only jumlas. How can we prosper if even the educated fall for his jumlas and root for him? The whole social media is only propagating these jumlas and our gullible public fall for it. The opposition does not have the credibility to call his bluff. I can only hope people like you create more awareness and let the truth prevail.
@gc95915
@gc95915 7 күн бұрын
@@surappadujami2949 Oh, I'm hardly capable of persuading people. I haven't been able to convince too many people against the present type of politics or dispensation. Instead, I'm stuck with the label of anti national. They actually believe in modi. That's one part. The other part is modi has weaponised all the institutions and agencies. Particularly, the EC,CBI, ED, IT, etc. Even the judiciary has been infiltrated by the rss. Under such circumstances, it is difficult for the opposition to play it's role. Actually, the country is already broken. It will show after modi.
@mali3490
@mali3490 7 күн бұрын
You have hit the nail on the head. People get the government they deserve. Politicians can smell what the majority wants - anti Muslim discourse, ability to abuse minorities, Superpower dreams. Other things like good governance, dynamic economy are not the main concern.
@paulprinceyb
@paulprinceyb 7 күн бұрын
That’s why godi/ sangee medias are eying TN , inspite of their biased funding /sharing tax benefits to TN still it’s surviving.
@alcapone6796
@alcapone6796 6 күн бұрын
Tamil Nadu has done better compared to North India wrt to West India, their performance has been average.
@rajeevdeshpande9199
@rajeevdeshpande9199 7 күн бұрын
Thanks
@sureshharinathbabu9717
@sureshharinathbabu9717 7 күн бұрын
One more thing is more important in business that is available in my state tamilnadu, harmony, muslims and we are living together without any communal agenda, slowly British janta party wants to create a rift inbetween us but till now we are with standing against them
@Universallife1213
@Universallife1213 7 күн бұрын
Same in Punjab.
@mali3490
@mali3490 7 күн бұрын
More power to TN and its people ! Your inclusive society , literate and skilled workforce, high human development scores, a state gov't that works to make investors feel safe are few of the things working in your favour. I see TN as the first 1Trillion USD economy state in the country. Best wishes
@PraakashRanjann
@PraakashRanjann 7 күн бұрын
🤣🤣🤣🤣wait n watch
@surappadujami2949
@surappadujami2949 7 күн бұрын
It is also slowly going the other way as the British party under its acerbic state president has been increasing its vote share. All your state parties have lost their credibility and the poor voters look for alternatives. It is only the level of awareness we common people develop, can avert further disasters.
@Yugpurush2020
@Yugpurush2020 7 күн бұрын
A lie doesn’t become truth, wrong doesn’t become right & evil doesn’t become good, just because it’s accepted by a majority.
@9thphysics570
@9thphysics570 7 күн бұрын
My understanding of economy has greatly improved because of this interview!
@arulsoosai1330
@arulsoosai1330 7 күн бұрын
Our PM, HM and FM are trained in intimidation not in felicitating and creating an atmosphere to live peacefully. So no one would like to come and invest in our country.
@geoantony5257
@geoantony5257 7 күн бұрын
The real state of the economy was well articulated and really hit the nail on the head. A comprehensive look at the various failures in the current economy without diversions on unrealistic statistics as put out by the govt.
@pushpendergusain4262
@pushpendergusain4262 7 күн бұрын
Arvind's observation that slowdown is structural and it is not temporary indicates that recovery is not expected in near future.
@ageless1003
@ageless1003 7 күн бұрын
Correct sir.
@RajuSingh-wt1my
@RajuSingh-wt1my 7 күн бұрын
Arvind keep on changing his tunes..he is a big hypocrite..
@ageless1003
@ageless1003 7 күн бұрын
@@RajuSingh-wt1my yeah just like modi before being PM and after being PM.
@ttseipuhaokip0003
@ttseipuhaokip0003 7 күн бұрын
When uneducated leader wish his yes men everywhere, it's a complimentary that the state will fail.
@kiran15360
@kiran15360 7 күн бұрын
Surely window of opportunities is very narrow to improve our economy as you discussed , but our present ruling government has wide window of opportunities to create communal hatred and polarized politics, truly we are in a troubled state as a society & as a nation.
@jaykadire7530
@jaykadire7530 4 күн бұрын
Excellent interview to have what is Indian economy clear view and how to fix? BJP need to change their DNA on economic strategy. Karan superb interview. Well done!!!
@johnychacko-u1w
@johnychacko-u1w 6 күн бұрын
Great stuff for reflections. Well thought out views and firm economic notes supported by data, convictions and depth of reasoning..!! The biggest challenge for Indians is, you can wake up somebody who is sleeping, but you can't wake up somebody who pretends to sleep. Govt is busy on Hindu- Muslim thing, rather than the economy.
@venkatakrishnaraomamidela4750
@venkatakrishnaraomamidela4750 7 күн бұрын
Pm needs to change ❌ We need to change the pm ✅
@reganjoans
@reganjoans 7 күн бұрын
Both are nonsense, pappans need to be removed from union bureocracy!!
@nobody-789
@nobody-789 7 күн бұрын
12:09 National campions= Ambani & Adani aka oligarchs
@littleboy96
@littleboy96 7 күн бұрын
The problem is fundamentally simple. We have a prime minister who can't even understand what is going on in India in economic terms and who simply thinks increasing the number of airports, collecting more taxes and building roads are developments. He has no idea about economic policies wnd reforms. We need educated prime minister and even more so with finance minister.
@ayush3927
@ayush3927 6 күн бұрын
What were farm laws? Labour codes were passed in 2020 but yet not implemented. These r crucial reforms but succumb to this socialist mediocre dumbocrazy.
@mohammedafrouzahmed7779
@mohammedafrouzahmed7779 5 күн бұрын
A+b bada bracket square 😂. Extra 2ab baad me😵‍💫
@vishaalbhatnagar3924
@vishaalbhatnagar3924 4 күн бұрын
Brilliant, engaging conversation.
@clg13315
@clg13315 5 күн бұрын
I appreciate the candor and clarity you bring to the conversation. Thank you
@shirishpanwalkar
@shirishpanwalkar 6 күн бұрын
Extremely insightful and enlightening interview! Thanks to Karan sir and to the expert Economist. 🙏👍
@HarbinderSinghThapar
@HarbinderSinghThapar 4 күн бұрын
Excellent Dialogue, Arvind you were part of the Modi Govt initially and although what you said made a lot of sense, but could you implement the same while in Govt. We should all applaud TN Govt for doing what was required, hopefully it gets implemented in other states. To save the Industrialists who borrowed from Outside India, we had a non-sustainable exchange rate and now we have losers on both sides of the coin. When Ego is Bigger than Work ,than this is inevitable.
@parimalbardhan7367
@parimalbardhan7367 4 күн бұрын
Brilliant exposition of current economy by Arvind Subramanium.Dos & Donts of governance of India's economy.Aspirations & actions don't match
@rajenlama.6850
@rajenlama.6850 7 күн бұрын
Jai Hind sir. Public and private investment with export market are lacking which is obviously key reason of unemployment and economy not in great shape nicely narrated by CEA Subramaniyam.
@DavidHurst-g5h
@DavidHurst-g5h 7 күн бұрын
Fantastic and brilliant diagnosis
@NirajPant2
@NirajPant2 7 күн бұрын
What an excellent thought-provoking interview! I didn't come across the kind of analysis of the Indian Economy and Ideas that Dr Arvind Subramanian propounds here. In the last year, I came across the appreciation of Mr Shaktikanta Das in running the RBI and there was a hint that the IAS officers are better in heading the RBI than the well-placed Economists that preceded Mr Das! That also hinted that they become difficult persons for the Ministry of Finance to handle, even becoming not just a pain in the neck but a pain much down below the people at PMO and the Ministry of Finance! Now, I see a QUESTION MARK on Mr Shaktikanta Das's innings as the Governor of RBI who must have gone beyond addressing the volatility in the market for the Rupee and instead kept it at a higher level and that must have been as desired by the Govt.
@rosarosa6715
@rosarosa6715 7 күн бұрын
😂
@nicksonpinto2074
@nicksonpinto2074 7 күн бұрын
Government needs to take it as an undeclared economic emergency.
@ravinderparhar7292
@ravinderparhar7292 2 күн бұрын
Very detailed and enlightening. 👍
@khatua61
@khatua61 6 күн бұрын
What an analysis by Arvind Subramanian!!
@hemantdani3369
@hemantdani3369 7 күн бұрын
Wonderful interview. Great to hear Mr AS.
@sonunaik12
@sonunaik12 7 күн бұрын
Thank you karan sir for this wonderful interview, I think Aravind subramanyam under stand how deep trouble we are in Indian economy now!
@Harsharoger
@Harsharoger 7 күн бұрын
Governance aims to understand its biases, eliminate favouritism, motivate private entities across the country, and ultimately aims at the creation of long-term job opportunities. Beautiful explained sir 🙏
@sitaramaraonandamuri4241
@sitaramaraonandamuri4241 6 күн бұрын
Extremely sensible judgement.
@crentistismydentist
@crentistismydentist 7 күн бұрын
India needs Shashi Tharoor and Rahul Gandhi
@saurabhbhushan1714
@saurabhbhushan1714 7 күн бұрын
Today I burst into flames when Nagar Parika people came to my home asking to pay 100/month for the garbage they pick from my home. As if paying taxes was not enough now I have to pay their salary too.
@arbjful
@arbjful 7 күн бұрын
Do they provide a GST bill for their services?
@saurabhbhushan1714
@saurabhbhushan1714 7 күн бұрын
@arbjful Me and some of the neighbours didn't pay the amount. But they were carrying the billing machine
@sanjeevkumarc3686
@sanjeevkumarc3686 7 күн бұрын
In Bangalore we are paying unofficial else they won't pick up.
@INDIAN-sx9kc
@INDIAN-sx9kc 7 күн бұрын
Well in my hometown we have to pay them some sort of Baksheesh For Mithai During Most Festivals Be It New year Diwali Holi Eid Or Durga Puja
@rahulchoudhary6579
@rahulchoudhary6579 7 күн бұрын
It is in the solid waste management rules2016....we have to pay a fee for collection of our generated waste.
@JoseKoshy
@JoseKoshy 5 күн бұрын
G8 Interview ! We need more interviews on Economy after all the Country is all about the economy !
@tkhan101
@tkhan101 7 күн бұрын
Blind faith of Indian with BJP. India will never reach it's potential with Hindutva vision of BJP. It is a disgrace that 90% remains poor.
@sonamdorje8100
@sonamdorje8100 7 күн бұрын
I feel blessed, your interviews are there.
@Solaafg
@Solaafg 7 күн бұрын
I like Mr Subramaniam as he’s very practical with his thoughts.
@channel11ful
@channel11ful 7 күн бұрын
Excellent reasoning and solutions for India’s slow growth.
@nobufrancis685
@nobufrancis685 7 күн бұрын
Economic experts like Rathin Roy and Pronab Sen have been expressing their reservations about India's economy but this government has never listened or taken them seriously. This government is obsessed about social issues centered around religion, caste and community. Unfortunately social issues do not bring food on the table.... solving the economic problem does.
@Dogmatix-24
@Dogmatix-24 7 күн бұрын
This government and its minions are busy digging...its own grave one presumes!
@sajlachawla3728
@sajlachawla3728 7 күн бұрын
Thank you Karan Thapar sir. 🙏
@ParvatiShastri
@ParvatiShastri 7 күн бұрын
Very good, discussion. Understandable.
@bipinkumarsingh5880
@bipinkumarsingh5880 6 күн бұрын
Thank you sir.
@rahulsidshah
@rahulsidshah 7 күн бұрын
Excellent interview
@chengal2002
@chengal2002 7 күн бұрын
From beginning some economist were telling that this government is manipulating the numbers today they are exposed at the end the common people suffering. We are comparing ourselves with Pakistan not with China. The day when we start comparing ourselves that will be day of our country development. Our government stop spending on unwanted projects like UCC, CAA, Wakt board & doing Hindu Muslim.
@ranganathanv5365
@ranganathanv5365 7 күн бұрын
Excellent elucidation of the issues staring us in the face
@nobody-789
@nobody-789 7 күн бұрын
Long story short we're screwed 42:27
@muzaffar700
@muzaffar700 7 күн бұрын
Thankyou Mr. Karan
@SandeepSingh-ey4ih
@SandeepSingh-ey4ih 7 күн бұрын
Brilliant
@AbhijeetGaiha
@AbhijeetGaiha 6 күн бұрын
15:13 Superb analysis
@sumantrawat5586
@sumantrawat5586 7 күн бұрын
At the end of the day everyone dances around the fact that under Modi/BJP/RSS India distanced itself from creating a society open to outside influences and modern scientific thinking. Instead it nursed the psychological wounds to Hindu pride with demonization of Muslims and minorities and rejected the Western approach of trying to solve problems using science by using the coded language of 'Colonial' mindset. This has naturally affected all the spheres of life in India including economics. Subramaniam and others like him never had the guts to point this out when they were in power in India but suddenly acquire courage when they are safely ensconced in the U.S.
@teluram3925
@teluram3925 7 күн бұрын
करण थापर जी बीजेपी का थिंक टैंक यह कह रहा था कि हम सत्ता में रहो आर्थिक समस्याएं अपने आप हल हो जाएंगे अब पता चलेगा कि चुनाव जीतना तो आसान है क्योंकि उसमें मैनिपुलेशन की बहुत संभावनाएं है आर्थिक ढांचे को चलाने के लिए मैनिपुलेशन नहीं चल सकती देश का दुर्व्यज्ञ था कि यह लोग सत्ता में आए और इन्होंने सारे आर्थिक ढांचे का सत्यानाश कर दिया
@dr.kirtinarain2353
@dr.kirtinarain2353 7 күн бұрын
A very top class interview. Impressive.
@rajegowda6637
@rajegowda6637 7 күн бұрын
Very in depth Analysis which certainly needs to be looked into by our present Government before even thinking of just giving pseudo slogans for myopic vision of pleasing innocent half educated people of India instead of listening to economists view like our own Subramaniam the former CEA
@ravimsr8872
@ravimsr8872 7 күн бұрын
Current FM and RBI failed to manage the economy.
@melwynphilips856
@melwynphilips856 7 күн бұрын
So Modi is there only for taking credit.
@MARKCRASTO
@MARKCRASTO 7 күн бұрын
Its all Modis fault..credit where credit is due.b
@soumyajeetdas837
@soumyajeetdas837 7 күн бұрын
At least RBI has managed inflation, cracked down micro loan problem, shut down or revoked banking licenses of many shady corporates... I don't know how much consideration Finance ministry takes while deciding tax structures in budget... RBI is also giving near term stimulus like betting against dollar, pumping 1.5 lac Crs and improving Gold reserves... but yea I agree collectively they are doing somethung wrong... maybe tax, maybe opacity...
@prabhatbhagat1128
@prabhatbhagat1128 7 күн бұрын
Good economics is bad politics.
@piyushdhanesha8824
@piyushdhanesha8824 6 күн бұрын
The only interview without interruptions liked the way Dr S. Is a good articulator, that even Mr T was listening purposely,
@mahavirprasadhawa8554
@mahavirprasadhawa8554 7 күн бұрын
Thanks Karan Saab for your nice interviews
@ajaychandak
@ajaychandak 7 күн бұрын
Chanda for Dhanda kills the merit.
@manoharanthottarath7071
@manoharanthottarath7071 7 күн бұрын
This is quite an informative interview and educative in nature.
@santoshrkamble1
@santoshrkamble1 7 күн бұрын
Supporting the cause
@hemikovsky
@hemikovsky 7 күн бұрын
No wonder a larger footfall at the Kumbh Mela! 🥴
@arbjful
@arbjful 7 күн бұрын
And some of them are planning to stay there for 6 months or so
@fg3752
@fg3752 7 күн бұрын
By all means India is paying for making tea seller as PM
@mth3859
@mth3859 7 күн бұрын
No worries, we are in era of Amritkal under Normal taxation policy.
@dewanafzal9857
@dewanafzal9857 6 күн бұрын
Tons of Young Indian people leaving for jobs abroad not a good sign of great economy
@virinderdogra6086
@virinderdogra6086 7 күн бұрын
Very practical thoughts.
@siddharthshah1158
@siddharthshah1158 5 күн бұрын
The problem is not only structural but fundamental 🤯
@Sarcastic99
@Sarcastic99 7 күн бұрын
It any foreign company want to produce in india they have to pay lot of money to corrupt people for permissions. ✨Ease of doing business✨
@snathan3198
@snathan3198 7 күн бұрын
The beneficiery and benefactor of India's ruling family business!
@SusantaDas-n8c
@SusantaDas-n8c 7 күн бұрын
In the coming days common families in India should not bring children so that new comers are saved from a disastrous life.
@rajendransubramanium5650
@rajendransubramanium5650 6 күн бұрын
For Modi Hinduthwa is only known. Not all other activities for growth!
@rachnagupta8346
@rachnagupta8346 7 күн бұрын
Excellent interview. Many questions - has RBI kept exchange rates fixed to favour certain businesses? Is Indian govt competent to take care of economy of India?
@AshokShukla-d1x
@AshokShukla-d1x 4 күн бұрын
Government failed to gererate the new Jobs, industries livelihood business & industrial growth all is badly destroyed.
@cenationofjnu
@cenationofjnu 7 күн бұрын
Jab raja hoga vyapari, to praja hogi bikhari.
@rakeshtulsian3801
@rakeshtulsian3801 7 күн бұрын
ONE OF THE GREATEST IMPARTIAL INDIAN JOURNALIST.
@MrVineetkumargupta
@MrVineetkumargupta 6 күн бұрын
Thank you for the great interview and quite disappointed to hear structural slowdown in economy, excessive federalism, needs fundamental changes, risk of missing out developed economy label etc. At the same time, what does slowing economy means ? Will India growth consistently fall below 6% ? I have my own doubts.
@AshokShukla-d1x
@AshokShukla-d1x 4 күн бұрын
Government failed to bring the new investments.
@karandebroy3333
@karandebroy3333 6 күн бұрын
Amazing content.
@vishalmandhare5215
@vishalmandhare5215 7 күн бұрын
India needs to fix its consumption engine. Tax slabs haven’t changed in over a decade, and cess and surcharges, introduced years ago, are still the same. The middle class ends up paying nearly 50% of their income on taxes and the rest on overpriced homes and education. Big corporates and a few close cronies get massive tax breaks, while regular taxpayers are treated with distrust. The system feels unfair and discourages hard work because people don’t see any reward for their efforts. The economy works on a simple rule: “What’s in it for me?” If people felt their hard work was valued, they’d willingly work 70 hours a week. I wish the PM and FM would stop laughing off tough questions about taxes and instead understand the Laffer Curve-that lower taxes can lead to higher growth and a stronger economy.
@counterpoint9260
@counterpoint9260 7 күн бұрын
crony capitalism by Modi and favouring oligarchs like Ambani is another death knell to economy..this is why nobody wants to invest
@raghuarmani8341
@raghuarmani8341 7 күн бұрын
One of the reasons is bureaucracy. Why you need license renewal and visits by inspectors for small Industries. Where is the electricity.
@pareshraval591
@pareshraval591 7 күн бұрын
Get Pro Arun Kumar on board, he is warning since demonetization
@abumohammedsajidbasha5741
@abumohammedsajidbasha5741 7 күн бұрын
Excellent
@krisflc52
@krisflc52 7 күн бұрын
In my view the government lost its priorities of economic development to temple and religious politics in order to stay in power and It worked till 2024. In 2024 elections the voters rejected Modi playing Godman. If they don't follow public sentiments BJP will be out in 2029.
@SuvashishB
@SuvashishB 6 күн бұрын
Impeach the FM and set a milestone judgement all those who hold the office will be more deligent in performing their duties. Nation for the people, by the people and none for the netas.
@AshishKumarShahi
@AshishKumarShahi 7 күн бұрын
badhiya
@shanmugababurajamanickam1752
@shanmugababurajamanickam1752 6 күн бұрын
Tamilians are proud of Mr Aravind
@economicresearch4259
@economicresearch4259 7 күн бұрын
You are the god of journilism ...
@ageaff
@ageaff 7 күн бұрын
The average citizen is well aware of the state of India's economy over the past eleven years.
@Dogmatix-24
@Dogmatix-24 7 күн бұрын
Seriously, are they? If they were they wouldn't be singing praises of this government.
@varshadoshi8691
@varshadoshi8691 4 күн бұрын
Karanji pls arrange Dr Parkala Prabhakar for latest Budget outcome
@shrestaassociates4063
@shrestaassociates4063 7 күн бұрын
Only 5 groups controlling everything. Bad precedent. Modi has promised 2 crores jobs...where is it.
@joevarghese707
@joevarghese707 7 күн бұрын
Fire Modi from his position, lest we will end up as a pathetic civilisation
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