‘India can see China-like economic success without sacrificing democracy’, says Manish Sabharwal

'Success of China, probably has 20% related to their dictatorial or autocratic tendencies, the other part of it is just non-farm job creation'-Manish Sabharwal, Vice Chairman, TeamLease Services tells Vir Sanghvi in this episode of #ThePrintDialogues. He also emphasises why India’s problem is not jobs, but poverty & explains the difference between debt-driven populism & tax-driven welfarism. Watch the full episode
Video Produced by Shekhar Tiwari
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[@PadmanabhanAnanth]

Excellent interview. In 2007 or 08, I participated in a presentation by Manish Sabharwal and thought it was the best I’ve seen. I could say the same of this interview too. Or, one of the best.

[@avneet12284]

Deregulate or remain dirt poor. As simple as that. Been saying that for years

[@stevenlai1199]

Dhoti sala

[@Drganguli]

Business mindset is only present in some parts of India like in the west and south. The north and east are still in a strong concoction of feudalism and socialism which leads to aspirations on government jobs and UPSC exam

[@sanjivgupta1418]

It doesn't matter whether you call people poor or people working in poor places, ultimate truth is that these many people have less money in their pocket. And that is what really matters.

[@IndigenousVoices]

We want China-like "Economic Growth", But we don't want One Party Goivt setting long term Policies and Goals for next 50 years. We want China's Long-term "Stable Governance" model but we don't want Illegal Immgitants and Troublemakers to be sent to re-education camps or incarceration centres. We want China's Rapid Progess and Development, but we still want the right to Protest, Block roads and Stop Govt from passing improtant Laws like Farm reforms.

[@jitkr1489]

lol.. most idiots here will not understand your point.

[@haoli5779]

he said : India can see. He did not tell you what India can't see. you see some thing he can not see.

[@jaideepc786]

So beautifully articulated. Couldn't agree with you more.. Kudos..

[@stevenlai1199]

Gaddar

[@jswlprtk]

Insightful and to the point. Great job! Thank you 🙏

[@22Robertnorton]

Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@22Robertnorton]

Linda Wilburn program is widely available online.

[@krytenss]

I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.

[@22Mandy]

Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.

[@Fdjp]

The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.

[@s7s0nXx]

It was quite challenging to understand the different trends on my own until i found out about Wilburn. Trading made easy.

[@sourabhmate1411]

Glad that someone said this. Politicians should stop making excuses.

[@saradhiroy]

Brilliant Manish Sir....Rajamata's Fans must be Upset

[@DipakBose-bq1vv]

China never listened to the IMF. It has not privatized. It promoted exports by forcing foreign companies to export most of their production. It distributed power by creating town and municipal industries giving them power to give license to the foreign companies without privatisation. It kept its public sector industries in tact. India listened to the IMF, as a result it has stagnated. As a result we have extreme inequality. Unemployment became the rule.

[@jijojose2574]

What a pleasure to listen to Respected Manish Sir.. he is a gem. A courageous person. ❤

[@maheshmanian]

That was very interesting. Please continue more with him Mr Vir Sanghvi. 👍

[@journeysman]

Amazing to hear Manish Sabharwal. I daresay i havent had the opportunity to listen to someone build on the details on how to address our learning / educational with more clarity & elan AND he is an active practioner. That makes it more practical & actionable than the tomes we are mostly accustomed to from speakers at large.

[@abhi4biotech]

That was a nice conversation to listen.. enjoyed it… greetings from Oxford !

[@pradipkumarmitra7412]

Anti India vs pro India!!!

[@rajsinghji-84]

This is how the Left plays the game. Anyone who watched this in totality and truly understands what was said will get this TL;DR version: “BJP has done wonders in the last 10 years and if the same policies are continued then India will be a big economic power”. But for most people, they will not understand the nuances and think “freebies are killing Indian economy at States level (Congress)” and feel Central govt is doing wrong. The host brought up 1991 and then again UPA 1 to showcase their “good work” but never brought 2014 to 2024. After watching this, an ignorant person might think that the bad governance till 2014 is actually the bad governance of the ruling party today. They play such sleight of hand that we miss the entire conspiracy. NDA is god sent for India. And if UPA or whatever they call them now comes to power, India is doomed.

[@Spr-no9oy]

Suble deception...making fools.of listeners

[@jaideepc786]

A great choice to interview and shake up ideas from Manish Sabharwal, who is undoubtedly one of the most brilliant, intelligent & articulate IT honchos in India. These are kind of people who Modi should consider in his cabinet to design policies along with the Jyotir Scindia, Piyush, Gadkari, Vaishnav, Rajeev Chandrashekhar, Jaishankar, NOT the morbidly low IQ Dharmendra Pradhans and kadi-ninda Rajnaths., horrible Manjhis. . Only then the fabled Amrit Kaal will truly flower in India Best,

[@Martian1859]

Brilliant conversation. Thanks to the print team and Mr. Sanghvi.

[@dipsbbsr]

listening to Manish is always so enlightening , love to hear more of him...

[@alphabetagamma12]

Really enjoyed this interview! Well done! I had not heard that Gandhi quote before.

[@lovinenglanduk]

Why does India always like to talk about "successful as China", "Shanghai in India" or "building India`s Hong Kong" ... India should find its own way of development. Copying another country's model would never help to catch up with that country. China hardly talk about "as successful as India", or "as democratic as India" - as a matter of fact, Chinese media hardly mention India apart from the border frictions.

[@counterpoint9260]

Because for China, USA is the benchmark not India

[@akashnikunj-sp8yv]

Indian constitution is copied

[@revikoreparambil8702]

I think ThePrint should have given a different headline, " India put less money for education, than it put to save AIR INDIA, or bail out public sector banks."

[@avinashsarna1170]

Great presentation. Full of realities and practical solutions to India,s problems

[@SuperManishdev]

What an excellent interview. Learned a lot

[@keyurpatel8333]

Very insightful and to the point dialogue !! Keep it at " ThePrint" !!

[@sharduldiwan2009]

Always been a fan of Manish. So succinct and to the point yet interesting !

[@xxyz2023]

In last 10 years, many projects have got delayed, because Govt corruption is rampant, while private businesses are facing harassment & extortion from Govt agencies. As a result, any economic progress, like in IT is often accidental, & not due to Govt. Despite government efforts to promote manufacturing, India's manufacturing sector has declined. The high cost of production is due to inflation, which has made India less competitive. We don't need to become a Police state, coz corruption is hidden in that system. However, we need accountability, instead of using cbi,ed to go after political opponents. Shouldn't the main focus be directed towards the causes behind union Govt failure in effectively implementing & executing projects? Why has this Govt not been able to match the urbanization created by the Govt in Asian tiger economies/democracies? Indian students & parents are very worried about exam paper leaks, ruining Indian youth's hard work & future. Meanwhile, our current leaders are expert in running away from taking any responsibility for anything & only appears for the cameras, when it's time to take credit. Our latest infrastructure, often fails within months. In India, when you have connections with politicians, corrupt people commit crimes, without fear of consequences. What is use of GDP when billboard falling on people, train crashes killing innocent passengers, airport falling & killing, Agniveers & female wrestlers are crying, & paper leak spoiling youth future, while blaming everything on late PM Nehru? Pak was unlucky that Jinnah died so early & there was no leader to nuture their new nation. These days many Indians are illegally seeking jobs abroad, & there is a growing trend of people returning to farming due to lack of opportunities. Food inflation is high, & the cost of living is increasing. G0di media is supporting beating students & farmers peaceful protests. Indian youth go to live in west, coz they know that most western countries like US value free thinking (which creates innovations). According to Union Govt United District Information System for Education UDISE reports, more than 60,000+ Govt schools have closed in India.

[@Spr-no9oy]

Are you living in some alternate universe....

[@msit440]

Simple solution that needs to be addressed is the population growth!! In dia does NOT have resources to support 1.4 Billion people!! Any kind of analysis will not solve the problem - why NOT address this over population!!

[@dkhasnabish]

Well, the statement that "freebies are more with states and not much from the center" is a giveaway for the entire interview. After that, it is all noise.

[@sandrew1563]

Punjab, Andhra are bankrupt. What’s the noise?

[@seekfunk3536]

I admire Indians confidence. No other developing countries in the world dare to say that they could have China's economic miracle. The speakers have confidence to talk about repeating China's economic success with little understanding of X factors in China in the past forty years.

[@rejijai9120]

excellent interaction.

[@ravisojha1]

yesterday only i saw some video which says India can not achieve it China-like, but will find its own way and become like America.

[@KGopidas]

National one child policy?

[@rbmbharathi]

If the tax devolution is probably about 36-38%. Even considering some direct state revenues, it’s a bit hard to believe states spend more than union. And the money spent by states are also tied to union govt schemes. So, it’s a long way to go before more decentralization to state level. The decentralization to cities will happen by gravity shortly after

[@berserkhorimiya]

Decentralization to cities would only happen if union government forces the states, which would require a constitutional amendment.

[@AhmadSheikh36]

Good interview and excellent moderator!

[@diwakarsharma5542]

Thanks for doing this discussion, i love his narration and arguments.

[@diwakarsharma5542]

Hi, can you pls have Karthik Muralidharan also on this. Thanks

[@alphabetagamma12]

Better to implement the existing laws fairly than passing more and more legislation - we need to get rid of a lot of useless laws on the books and try and simplify as much as possible.

[@shubhojeetinspires]

Great conversation

[@pradeepkumarsharma4212]

Very insightful. Thank you!

[@ghettomaster1000]

Thanks for interview, very insighful.

[@AsKarmalkar]

Good discussion.

[@rohitsrivastava3828]

Really engaging content and discussion. 😊

[@imkt6072]

Really knowledgeable and great interview

[@srinuisnow]

We should not be bad ancestors environment wise too. But these economists hardly ever talk about sustainable growth. Growth models driven by more and more consumption cannot be considered growth at all. It is these myopic economic models and halfbaked measurements of wealth, which are destroying Mother Earth and the future of our children. None of these glib talking economists ever mention corruption as an issue. Substandard infrastructure still gets counted as GDP growth. How is a bridge which collapses in 8 months, growth?

[@jayantdeshpande6081]

Audio quality sometimes in this video is very poor

[@Wishfulthinker9383]

Very quality interaction

[@Jhasushant]

Good discussion but bad audio.

[@prafulkumarudani3699]

Informative with numbers but drifted thoughts and half hour could have resulted in definite prescription for few States, Cities , Sectors..

[@VijayPawar-sz6gq]

Sir Have Economist - Dr Arun Kumar and todays guest on the same show to firther understand nuances in depth... Thanks

[@KGopidas]

Problem cannot be defined statistically?

[@kushal6406]

Audio really low on all print videos. Cant hear even at full volume

[@Wishfulthinker9383]

True that. Print may please take note. Lest they need subscription and payment for that too

[@KGopidas]

Vote should be only for tax payers?

[@kbmehta4208]

Interesting, thoughtful and different. Don’t agree on all points with Manish, but those are very few. Education, skills and education institutes and industry/business interface, lower regulation, infrastructure and availability of cheap capital are the key to better future.

[@sarabjits7679]

Grt interviewed , filled with lot of data and thought process. But do not agree with “ I can kick them in bums : followed by “ you did it “.

[@areascoda2912]

Bangalore is terrible city tho. Mysore will be much better after International Airport

[@adityaakshay1]

The states that give the most welfare are actually not the same. if you check GDP to debt ratio (excluding the seven sister states in NE since their revenue isn't high) , it's WB, Punjab, Kerala, Bihar, Rajasthan. I think many non BJP parties/ (INDI) alliance are using it as a way to keep BJP out of power, but when the chicken comes home to roost its the exchequer that has to bear the brunt and that mean indirectly we the tax paying citizens the middle class. 2 states which were good in the above stat are also heading to freebies and welfare states karanataka and now Maharashtra. As a country we are doomed if we allow illeterates to run our country or have a bad council giving suggestions to that illiterate.

[@rajeshtalati3135]

Floored by the thinking and the articulation.

[@Jaideep_Das]

We need more such discussions. More elaborate and explanatory. All students -aspirants of UPSC must watch it 😊

[@darshanravindranath314]

Amazing Insights hats off with such a polished and flawless dialogue

[@manusahni]

patchy audio...

[@venkateshhadlahalli3261]

Fantastic presentation! Why not Karnataka government take advice from such people! Karnataka is going the Kerala- Punjab- Andra way, better state financial controls are essential for better days & otherwise they will be facing worst reactions from the public

[@adityaaima3302]

That accent and I know whats their agenda will be

[@gautamsharma8459]

Unemployment is not going to be reduced by giving more government jobs

[@bbharatillusion4574]

Talk all you want kumar

[@eldamarmaiar2457]

we dont want china like industry. Just like we cant have american type of capitalism. Solutions which work for China and West will not work for India. You can force it on India by modifying solutions according to indian conditions but they will never work for most parts of country. We need Indian minds who live in India, who have experienced indian problems first hand. We need indian experts whose knowledge of country doesnt come exclusively from books. For example, our most economists are US educated or UK or similar countries. They try economic models based on western economic policies to form policies and solve problems in India. Its roughly the same as replacing the word 'USA' with 'India' in a report and calling it an indigenous solution.

[@ChandranPrema123]

When and where was the Democracy ever sacrificed? Like what is your version of Democracy

[@Gosain86]

Safety net shouldn't become a hammock. Love it!

[@okkaorra1439]

Firstly India needs to discard its tax laws to invite investments in capital sector. The bureaucracy has an iron grip through taxation and that has to change. Irrespective of which ever party governs the land, the bureaucracy creates stumbling block and stifles progress. Discard ED and Income Tax totally.

[@sadnanmamun]

Lol

[@offred6013]

.

[@rohanch07]

This guy knows nothing. When Rahul Gandhi becomes prime minister he will give 1L rupees to everyone. He will fix the problem of poverty in one day.

[@counterpoint9260]

witrhout adequate investment in education and primary healthcare India wontachieve any success..and this BJPee govt is allergic to improving education/sci/R&D and such..