"India's Job Crisis Keeping Me Awake at Night" | Firstpost Exclusive | Palki Sharma

"India's Job Crisis Keeping Me Awake at Night" | Firstpost Exclusive | Palki Sharma
India has the world’s largest workforce. But can it use that to its advantage? Krishnamurthy Subramanian, the Executive Director of the International Monetary Fund, says what India truly needs is jobs. How will it create them? Will jobs become India's biggest challenge? Find out in this exclusive conversation with Palki Sharma.
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[@thebackbenchers]

Full insight on Indian Economy 🎉

[@adityabaheti7493]

Fantastic questions and logical (and thought provoking) answers. Great job Palki and only respect for a mind like Dr. Subramanian, this was an absolute treat to listen to!

[@shrawanimore3013]

He's very optimistic I must say!

[@sumeet3536]

MY EYES NEVER DISTRACT FROM THE FACE OF PALKI MAM

[@delmanpronto9374]

get psychological treatment

[@YouCantHandleTheTruth.]

I need to borrow your beer goggles.

[@waldensmith4796]

Great interview Palki with the Indian Economist. Growrh is essential to Economic progress similar to Chinas economic boom turning to economic stagnation. My question is how would increase in energy prices also with the escalation of war could energy supplies be affected. God forbid. Keep up the good work Palki.

[@abhijitgupta9031]

If only we pushed family planning heavily from 1980s.. an extra 300 -400 million wouldn’t have been born.

[@karanjain3492]

People are brains not just stomach

[@vikaspanchal8015]

You are not thinking in the right way Sir. Thanks to our forefathers they bring 7-8 children on average at that period of time. Imagine from mughal to all invasion & conversion, our population would have been shrinked. Two, Bharat & China historically were the most populous nations from the beginning. Take Mahabharat war for instance how much were involved in that war alone.

[@activelistener4484]

Blame socailist policies and freebies & reservations for brain drain

[@mayanktripathi8726]

..here's another viewpoint...Do you really believe that family planning would had been accepted and applied to all sections across communities..NO..the peaceful minority BELIEVES IN POPULATON JIHAD..so perhaps Hindus would had complied and would had been in minority...

[@TinTinlol-i1l]

While India is getting richer, unemployment rate is also getting higher. How is that possible?

[@gvkvishal4359]

Wealth disparity, unemployable youth.

[@catsanddogs979]

Because the poor produce babies like there's no tmr!!

[@spg6651]

Possible -- wealth concentration by mighty people -- Person who had Rs 100 crore enmassed Rs 500 crore through various means .. National wealth increased - But it is with one person

[@kundurupavan1429]

Rich are getting richer. There is economic improvement for poor and middle class

[@spg6651]

@@kundurupavan1429 I am Ok with Rich become Richer through legitamate means . But here the means to garner wealth is all through corruption. 1000 crore in one term for a CM in Karnataka is given. It is easy as well .. Our contritution written for honest people has lot of holes which is exploited by all. That is the Issue .. If a INFOSYS CEO salary is say RS 10 crores it is OK ..

[@avinashsarna1170]

Very informative and well managed conversations . Highly appreciated.

[@prakashchandradosi6115]

It's always pleasure to hear Palki mam and the the reply of celebrities who feel so comfortable with here ....🎉

[@Sam-yt9qj]

Very intellectual conversation with Dr. Subramanyan who has a great understanding of domestic policies as well as global scenarios.

[@vinaykumar-ld3yi]

He's a hard working genius

[@rajupenu]

You missed Dr Subramaniam, India is going to become global hub for food supply chain and is going to blow away all the previous assumed headwinds

[@irsharma]

Mr. Krishnamurthy must go to every state and have meetings about the role of that particular state…in India@100

[@prabakaranasokraj174]

Only MSME sector can provide more jobs. Leave MSME sector alone with minimum statutory controls, they will create wonders

[@yuvanpradeepcm4070]

Watching this Premiere , on this day , that I'm reading his book named India@100 at the page 37, Page by page his book captivates me. At the last word of this book , I'm hopeful it would set the virtual stage on the minds of people similar to me , who are envisaging a well developed economy at the centenary year of Indian Independence

[@biggpicture2930]

Rigorous analysis by projecting japan and china on to india... that is completely non rigorous... but magically thinking.

[@balasvsubramaniam-fb5fw]

Good looks, Palki Sharma, with your white suit's on ! And a marvellous interview to watch ! Brilliant !!! Love From Singapore 🇸🇬 ✨️ Thanks !!!

[@shivarma9658]

Why jobs when evrything free in india

[@thebackbenchers]

What an interview

[@kknankani]

On the question of we are not China and cannot have all approvals ready for investor signature. I would give the example of how Shri Narendra Modi as Chief Minister of Gujarat offered Tata land in Sanand for Nano within weeks. So yes it maybe difficult not impossible.

[@learnEnglish975]

Palki Mam ur voice is so sweet 😊

[@LplusRatioLol]

India will be 20 trillion economy at best by 2047

[@dhirendersahani2544]

India is going to become super power 🔋 💪 😊

[@YouCantHandleTheTruth.]

Did you play that record from Palkee's broken turntable?

[@shivarma9658]

And by 2050 we r going to make our own rs100 indegenios earphone

[@dr.Curiouss]

It only takes a few people like vijay Malaya to impact country's economy & people's optimism. Afterall Indian politicians & Banks loves to keep India's fate in top business men hands.

[@msan8888]

@32:55, MIVI electronics is leading the way for manufacturing in India. They're bootstrapped, profitable and sustainable. Unlike BoAt, they don't assemble components in India, they manufacture here in Hyderabad. They've spent significant time in learning technical know how in China about manufacturing. They don't want to scale profits via pure Marketing like BoAt. MIVI is playing a long term game. It's building Bharat!

[@tapashaviator]

He is basically taking about inflation. Number will increase but value of money will equally decrease. When India reaches 55 trillion, US will be 200 trillion.

[@jegr6607]

Youre probably assuming advanced economies today will continue to grow at the same rate in future? Sure one cant imagine a world where uncle Sam will let others come close to their position, thats totally a different discussion😁

[@tapashaviator]

@@jegr6607 If the US fails, everyone fails in the current setup.. more than half of india will be unemployed if US companies stop hiring

[@YouCantHandleTheTruth.]

India's population will reach 55 trillion before its GDP.

[@vinaykumar-ld3yi]

Have you ever seen such a hot weather just few years back? Hot weather means more water for crops and we don't have water.. do not expect rains to be this generous every year. Not the jobs which we Indians should be worried about. It's the upcoming food crisis due to over population and climate change. India has failed to implement one child policy in 1950 & thus became most water stressed country in the world, underground water is going critically low . All government gave free current for agriculture and people over utilised underground water with bores. . most of the crops like rice wheat cotton maize are a burden to nation along with food exports, beef exports , producing ethanol with rice etc, huge crop wastage due to poor logistics and storage which only add to the problem. Millions of cattle & humans might just die. When people can't even afford basic needs, most of the sectors will go bankrupt. Automation is speeding like never before. I expect 50% of jobs will be lost just by 2031. No one can stop automation , if you try to stop , you are outdated . The top 0.5% of Indians will be the richest in the world by 2040. 90% of Indians will be poor due to huge debts made for agricultural educational and business purposes ( all are going to fail)

[@abhi-knowledge]

Voice quality is poor and there is some issue with the output too, sometimes its very low sometimes very high

[@yuvanpradeepcm4070]

True, and the session perse feels bit minimally vivacious; More aura is expected as we have one of the seasoned economists, and the journalist.

[@shrawanimore3013]

Very very informative!

[@spg6651]

I still remember one mark question in 3rd standard -- What is the population of India .. That was 1975 -- It was 70 crores then .. Today it is doubled .. How come ?. Why population control measures which were vibrant in 1960s. 1970s dwindled after 1980s.. What stopped government establishment to think Population will find its own balance .. Damage is done now .. Any improvement is sucked by this burgeoning population within days .. Generation of 50 crore jobs is also less .. CHAOS and CORRUPTION is the natural outcome which we are seeing now

[@manjunathgs5137]

In my opinion, huge employment opportunity in Agriculture if corrected through river linking, Ethenol production income, fruits export, pulses consumer market within India can make India rich and least unemployment problem country.

[@chw5044]

Is not a problem only in India...

[@irsharma]

Performance of state governments, particularly of laggard states will be a big doubt…The states must also get totally involved in this target for India@100….

[@SathyaswamyS]

Funny fact: Modernisation of police forces scheme existed since 1969 and the Bureau of Police Research and Development existed since 1970, but the Indian police forces are still primitive. On a serious note, India seriously needs to bring about massive reforms and modernisation of the police forces and build a force that a real emerging superpower must have. Looking at the current state of the police forces, bragging that India is a future superpower is so laughable. If the police are not fixed as fast as possible, movements to abolish the police may rise. Watch and learn from UAE police how a modern police force should be like.

[@baratbushan8230]

Nice Analysis based on facts with regards By Adv T E Barat Bushan Senior Advocate Member of MHAA Chennai ( Adv T E Barat Bushan S Acharya Chennai)& Sri Rama Jayam

[@hchalz]

Canada has been helping India out by importing millions and millions of Indians. I hope India at least shows some gratitude

[@pannalalsancheti4614]

If a person really interested in doing work and earn money, he will definitely get work to do in India. He can start from very lower level and can reach very high. There are ample of examples where in people have achieved their targets. And moreover India is very famous for its "JUGAD" technics. But if you are waiting for government jobs where you do nothing and get salaries and earn money through corrupt practices, it is very difficult. Moreover because various governments in India have given direct fish to a class instead of teaching them how to fish, no body is working that seriously.

[@NeedPeaceInLife]

I have lost hope on my country, it is extremely corrupt, nobody works honestly, u need to bribe to get something done, businesses and corporates exploit the common man making him work for more than 12 hrs at a minimum wage , today Satya Nadella and Sundar pichai are so successful because they left india, and that's why Indians abroad r so successful, nurses and doctors are also leaving India, law and order is the worst there is no place in this country to progress honestly.

[@biggpicture2930]

Rigorous analysis by projecting japan and china on to india... that is completely non rigorous... but magically thinking.

[@biggpicture2930]

contrast the above with 1 to 2 % GDP growth at best by Economist Arun Kumar Why Is No One Talking About India s Unorganised Sector? Economist Arun Kumar Explains Neon Show 1 to 2 % GDP growth at best. @44.30min Huge unemployment problem... Enormous corruption... Broken system everywhere Education failure etc... 1.08.40minsec when Indian conglomerates want technology... they will get govt to ....and those with technologies will run away... 1.33.40 being critical is knowledge generation, not anti national...But indians think it is..... So India is a failure... in development and progress.

[@PRAYAGDEEPPARIJA]

8% growth harder and harder once the base increases.

[@braindeadcitizen4838]

That means India will have the highest gdp in the world in 26 years.

[@spg6651]

Palki Sharma , geo politics expert is also can be called as Economist .. She is really an intellectual Bharat can boost off .. Her VANTAGE program 10 PM every day in CNN TV 18 is educative in many sense .. Simply great -- Dr. Subramanian , TAMBRAM , naturally god gifted brilliant person with down to earth personality .. He is terrific to the core .. But both Palki Sharma and Dr Subramanin can not become Chief Minister or Prime minister as by definition Brahmins are kept of politics stating 200 years back some Brahmin discriminated against some one in some Village .. That has gone into CONSTITUTION as Gospel and other unscrupulous people hooking on to it .. killing merit every day ..

[@daywork-tg5vd]

The main point is what states are doing is important Indian we all must questions about what state doing how they are using state budget not allow to loot money 🤑

[@arunsubramanian7949]

Reduce and streamline taxes. Different gst rates, central taxes, excise duties and tarrifs. It’s killing Indian economy. The tax is very heavy for product exchanging hands. That’s why investment keep flowing to services and not manufacturing. Get India to free market. Lot of Indians in 20’s now will become old before they can find a stable job.

[@jagan5834]

This pressing issue should go to shameless politician...

[@kavitaandy9361]

Keep building small new towns everywhere you can - people will flock there for jobs

[@SpaceandBeyondUS]

Palki you look very attractive in that outfit,I also enjoy this topic... Britain controlled India for 173 years..They stoled $45 trillion from India.. Perhaps when they pay every dollar back to India, perhaps that may help jump start your economy..

[@cricketlover.....]

We have also grown like for 15 times since 1991 from 250 billion dollars to around 4 trillion what is he saying 😑

[@GM_-]

How much of it is actual increase in production of goods and services, and how much is merely inflation?

[@mayank.9203]

44:00 US creates 20lakh+ jobs per year still with 330 million population and all lower level services and manufacturing outsourced.

[@sundareshanal1849]

The key issue hereis to stress in one key determinant. We have come a long way from those times when we desired , aimed for and attempted virtually nothing worthwhile. In the last 20 years pr so we have actually got our act i.e. ambition and moral resolve. The issue is whether we have the steel in us to stick to the 8 % or 7 % 6 % growth target and make it a spiritual mission. Battles are fought in the mental and psychological plane. .For that to happen we need political purpose and social aggregation in the in the prposed national mission.

[@sumitkashyap6991]

He is being excessively optimistic. In the domain of dismal science, cake walk of compounding doesn't work as it seems in paper.

[@boppanasasikumar5376]

so longn congress like is out , all of it is possible

[@tapashaviator]

He is basically taking about inflation. Number will increase but value of money will equally decrease. When India reaches 55 trillion, US will be 200 trillion. He is simply making fool of general public who does not understand the concept of "time" when it comes of inflation and value of money.

[@biggpicture2930]

and he works at imf?.... getting paid for propaganda also... magical thinking..

[@biggpicture2930]

contrast the above with 1 to 2 % GDP growth at best by Economist Arun Kumar Why Is No One Talking About India s Unorganised Sector? Economist Arun Kumar Explains Neon Show 1 to 2 % GDP growth at best. @44.30min Huge unemployment problem... Enormous corruption... Broken system everywhere Education failure etc... 1.08.40minsec when Indian conglomerates want technology... they will get govt to ....and those with technologies will run away... 1.33.40 being critical is knowledge generation, not anti national...But indians think it is..... So India is a failure... in development and progress.

[@ruchirchheda4367]

Voice pleaae

[@tigeragri5355]

Un controlled population growth is the cause for this not only for job crisis but also other crisis also😂😂😂

[@DramaSarcastic]

Only reason for BJP loss in future

[@careventurescapital]

Need to let go of false pride and get China to open factories to address unemployment.

[@stevenchu1216]

really impressed by his confidence. 😂 India can reach xxx because Japan and China did 😅

[@boppanasasikumar5376]

provided we do not bring back congress

[@ym276]

Chinese bot go away, China is collapsing

[@Tea-oz4iy]

I DON'T THINK NOBODY REALLY MEANS CHINA NOT TO MENTION EVEN AFTER GROQING GDP CHINA STILL HAVE JOB CRISES & PEOPLE ILLEGALLY MOVING TO USA - INDIA WANTS REAL ECONOMIC GROWTH WHICH WE ARE WORKING ON😂😂😂

[@biggpicture2930]

more indians than china going overseas... but there is a backlash in stopping indians by countries all over.. so probably more indians staying. With trump... all send back home.

[@biggpicture2930]

contrast the above with 1 to 2 % GDP growth at best by Economist Arun Kumar Why Is No One Talking About India s Unorganised Sector? Economist Arun Kumar Explains Neon Show 1 to 2 % GDP growth at best. @44.30min Huge unemployment problem... Enormous corruption... Broken system everywhere Education failure etc... 1.08.40minsec when Indian conglomerates want technology... they will get govt to ....and those with technologies will run away... 1.33.40 being critical is knowledge generation, not anti national...But indians think it is..... So India is a failure... in development and progress.

[@niteshkumargupta8658]

Statistics are the biggest of human lies ...

[@dieanramlal8591]

🌹💕🌹💕🌹🌹

[@irsharma]

Unfortunately Modi’s performance must be emulated by the prime ministers and his men who will be following Modi Era…

[@kkresearchstudio5497]

So many points wrongly presented in this video. 1st middle class is not expanding, it's shrinking. Job crisis is real not just for white collars but blue collars as well....e.g driverless cars can take away crores of jobs, delivery, manufacturing, Service industry.....you name it, everywhere automations have paced like he'll at the advent of AI. There is a conscious push for more tax like Carbon Tax, middle class trap is real. All the past data nature has changed its nature in this new era of 5th industrial revolution specially at the advent of AI. World is moving towards one world govt and IMF is making sure of it.

[@SubramanianRaju-r1t]

It is important to differentiate between unemployability and unemployment. The so called qualified youth remaining unemployed is largely because of mismatch between the on the job skill set requirement and what is readily available to the employers. Industries do not or cannot bridge this gap. There are plenty of self employable jobs available at the mundane level, but requiring only a minimal but good regimented training to do these chores efficiently. Good automobile mechanic is a case in point. This gap area is left unaddressed. Our education system, though lip level service is paid, is far from capable of producing robust, employable youth. On paper over qualified youth are plenty; but truly lacking in merit. Take a sample of young lawyers and doctors in rural India. In all, depoliticalization and diversification of education at all levels, avenues for continuous skill updating, and continuous investment on the part of government to open up fresh start ups, instead of feeding less efficient behemoths, cutting freebees etc are needed.

[@vinaykumar-ld3yi]

The average Chinese has 2.5X more skills than an average Indian. They work 12 hours/day . Still China's highest unemployment. No matter how much skills you put into Indians, only few more jobs will be created as the reason for unemployment is overpopulation + Automation & not skill deficiency

[@BrianDarcy-1331]

so...your saying invest in India aye??? cash'n in ya'lll woop woop

[@YouCantHandleTheTruth.]

India's job crisis??? B-b-b-but Palkee claims India has been producing jobs left and right, top and bottom, and India will be the superpower.

[@ruchirchheda2244]

Voice low

[@yuvanpradeepcm4070]

Even , I felt this.

[@mali3490]

Please check India's performance vs comparable populations/economy like Indonesia. Also, what are the sources of comparative advantages? India has missed the manufacturing bus. It will never become a mfg powerhouse like Vietnam/Cambodia/Malaysia let alone China. The only real competitive part of society is the top 150 Mill plugged into the global value chains, mainly in services. We have a billion people with skill sets/health/education of sub saharan africa. No talk of how to make them productive. This man thinks that India's competitors in Asia and beyond will just wait and watch on sidelines. All talk and BS.

[@GaiRiamei]

Everything there's cycle slow rapid steady and decline too now india gdp is in rapid phase..we can't expect always eight percent growth all the time..Japan is in decline phase,china steady phase, america economy is just 28 trillion which is supremacy for more than 100yrs...i doubt will india break all this nature??

[@ym276]

Beware of Chinese bots

[@phoenix281287]

Frankly after watching Palki's video on marital rape which doesn't cover all the points from both the sides, I am doubtful about her crediblity as a news reporter. My friends have already stopped watching her news reports.

[@Sam-yt9qj]

Hmm... but you are still secretly watching Palki? lol

[@spg6651]

Too many estimations , too many %s. Where does corruption fits in the entire calculation ?. Which economic chapter explains one time MLA has potential to make Rs 100 crore wealth minimum ?. Look at JAPAN , 1945 devastated with 2 bombs -- by 1969 they are economically force to reckon with at world scale .. Natural calamities are too many in JAPAN .. India being relatively safe country from calamity point of view , why India is not doing great ?. Answer is in our political system which sucks .. Policy paralysis , reservation for undeserving people , killing of merits at the 12th grade itself .. Today brilliant student knows at 12th standard itself , it is futile to work hard as prosperity in India is NOT linked to efforts .. It is linked to birth caste, and political influence -- That is why a Industrial area is also has reservation component .. I am old .. might die before disaster hit INDIA .. but it will sure HIT one day .. As Krishna says in GEETHA, destruction is required for construction .. India is Gone case as of today .. No economic experts / IIT scholars can bailout India..

[@Rajesh_mohapatra]

🤓

[@-SrirangaMattam]

Who is he??

[@rajivdutta3585]

Krishnamurthy Subramanian, the Executive Director of the International Monetary Fund. You can get his bio from Wikipedia.

[@biggpicture2930]

his assumptions are ridiculous

[@emanasa]

This entire discussion is a complete waste of time with no value. Why engage in such pointless conversation? These problems aren’t new, the discussion isn’t new, and this time-wasting isn’t new either. It’s all just junk! Everyone blames others. What a pointless approach-give us a solution instead! A fresh mindset is needed to bring about change. Replace the old with new people for a new India. Let’s create a new vision and redefine the future.

[@lamkoiyeenkoiyeen4437]

All B S 😂😂😂😢

[@nofavors]

Ye admi kya bol raha hai? Bhai bhasha pe pakad hono chahiye. Chahe koi si bhi bolo.

[@Linozoye]

When joirnalist tries to be finance expert infront of one- self goal

[@Linozoye]

Palkinis always about negetive headlines

[@彼岸菩提]

This guy is her boyfriend? Can you be on TV at that level?

[@TheDynamicmarket]

but europe is not as dependent on china as india; geography. europe will become more interlinked with the us because the us wants to monopolize european markets. for the us there is nobody else with whom to have exclusive relation who will always be a back up from whom additional strength can be derived.