‘Land & labour issues are excuses for why private sector isn’t investing, real reason is demand’

[@Satyam-0610]

My father does the job of loans. He is also saying that loan giving and loan recovery is very less from the ast year. People have less money or job losses.The condition is not very good.

[@adityabanerjee7145]

Is your father a middle man, farming loan shark

[@atherzaidi5871]

Does your father give income tax on his private unlicensed illegal business of loans? If not then he is part of the problem.

[@kbmehta4208]

A well balanced and well analysed view from a competent economist

[@rakadus]

A breath of fresh air among people who are interviewed by TCAR.

[@jaydeepgadhavi5465]

Always insightful to hear or read Dr. Sabnavis !! I think as far as reforms are concerned we should get over keywords like land & labour and talk about keywords like education & health.

[@UBSINGH-pd7fp]

True...only 'A' grade and upto some level 'B' grade colleges are doing fine otherwise rest of them are of no use other then government can use them to boast itself that they have opened so many colleges and universities. Quantity is fine but quality itself is missing and all that we used to talk demographic dividend looking to me a big demographic liability now and for future as well.

[@akshaysood1667]

Good discussion and Good reality check on Economy, Budget , Income Tax rates , Growth , Inflation, Rate cut by RBI , private/ capital investment, Factors of Production Reforms , Fiscal deficit etc , by Madan Sabnavis Chief Economist Bank of Baroda.

[@Aditav8680]

Labour law reform is a Vital factor for privates & corporates! But the golden word is in the world of AI, Demand is the actual factor.

[@sourabhbhattacharya3411]

Demand comes from incomes not from subsidy or borrowing....private sector jobs suck and make lives more miserable. Per capita income taxes are very low already.

[@adityabanerjee7145]

Per capita income or taxes....you are in a hurry to criticize

[@rednihb]

Personal income tax contributes to 3.4 percent of the GDP, read Surjit Bhalla’s article in the Indian express, we are matching high income countries like South Korea in this parameter, and then the GST and excise rates take taxes to 20 percent of GDP, which is also equal to the highest rates in the world seen mostly in the developed countries.

[@firstpostcommenter8078]

True. Indians should stop having kids like pigs (Especially in UP, Bihar)

[@sakshambhadoria9998]

The private sector isn't impressed by exports and growth of wages(the industry has played a pivotal role play in blocking the rise in salaries). The government has put reforms on the back burner because of fear of street backlash and the implications it can have on its coalition.

[@singharkirat]

if it is good why talk about repo rate and budget tax cuts😅.. hypocrites .. saheb ka darr..😂 what about Govt jobs.. even random bhakt can point to obvious solution.. Govt can lead the private sector in employment growth.. it will induce animal spirits..

[@amitkumar-mc9il]

Corporate income increasing, corporate jobs decreasing, increment is 1-3 %, promotion with only 10% increase , ceo salary increasing sharply, promotion delays, 70 hour work week, no corporate investments

[@atherzaidi5871]

As someone working in automation, I can tell you, replacing labour with machines is top priority at every manufacturer. Many pharma companies might get fully automated in some time. The machines for Indian factory automation are coming from China. You see this in high imports from China. So corporate hiring will reduce. If Mahindra makes 5 cars per employee per month now, he will make 10 in near future, so he needs half the employees. Government can hire millions of Teachers, Nurses, police but is not doing it as large part of budget is going in paying interest on loans.

[@jahithsolanki6121]

Amazing session ❤

[@vinayakdeodhar8641]

Wow! Shri Madan Sabnavis is simply fantastic. His different views are really stunningly refreshing. You should have him on your show rather often. 🎉

[@sarabjits7679]

IT cut for supporting demand creation is not the solution. Only 2 % actually pay tax , with 1 % accounting for 70 % of it. We want to give all around relief and therefore generate a massive boost to demand , it should be GST. Reduce tax on petrol and diesel. Give relief to 99 % of the population.

[@mandarp9472]

Per capita income is very low at 2,800 USD. And if we exclude top 5% then per capita income will fall down to around 2,500 USD. Minimum 1 BHK flat price in decent society in Metros is Rs 50 lakhs. House Price to Income ratio in India is very high upwards of 12+

[@dilsekibaat529]

If an accident takes place in the factory ? Occupier ( director ) of the company is responsible Industry struggling to get NA from 8/10 years in D+ zone in states like Maharashtra Msme has no access to bond market Export intensives vanished Only goverment projects in India

[@davidkrupadanam1179]

Guest is positive but Indian economy is in a real crisis

[@spg6651]

In urban cities , big retail players pushing their Private brand more aggresively , STAT BAZAR , from where I pick up my grocery , has everything under their own private brand allmost 50 % cheaper than FMCG major company brands Example " HARPIC / LYZOL is all available under STAR BAZAR Brand Klia for 50% .. Over a period consumer will get used to the Private brands and in FMCG there is no long brnad loyalty as people are of the opinion " all are same " differentiated product positioning does not yeild desired result .. Overall huge churnout taking place in market place as far as consumer non durables are concerned

[@drhtum]

None of this matters because the Modi government is past the point of being bothered by any of this. They have hit their record of getting 3 terms in a row. The country can burn for all they care.

[@spg6651]

The theory of Infrastructure will bring Private investment is not true -- One road in Bangalore Sarjapur trun to KR PURAM ( Belandur - MArthahalli ) , some 5 KM stretch , bothsides we have IT Park -- some 200 MNCs have their office since 2000 .. On the contrary some 20 lakhs crores invested in UP on express highways , what is the ROI ?. how many new comapnies went to UP becasue of these Infrastcruture?. Perbabably close to Nil .. Now coming to the mood point -- WHY BAngalore Hyderabad became IT H ub?. becasue of people availability , cosmopolitan culture , security etc.. UP is still unsecure -- Law and order improved signifiantly but not to the level of MNCs go there and invest heavy money -- Hence this BJP governent spent money onwasteful epediture .. Hard infrasture has limitations. VIKASIT BHARAT is too far for India

[@sandipmishra1651]

Two big problems with his reasoning. Mythical link between food prices and interest rates Borrowing not done by corporates only, the squeezed middle class also borrows

[@puggleski6097]

we common indians think in terms of rupees when spending in dollars and pound sterling ( while on an overseas visit ). BUT the 1% of Indians, the moguls, think in terms of dollars when investing in Rupee terms ( when they are in India, which is ~180 days a yr ). At least, this was the case till say 2004 .. after 2004, this anxiety virus has spread to more and more high net worth indians, NRI hopefuls etc. After 2020, this number has exploded. Everyone who is someone wants to go abroad. So they hold back on investing here. Thats the pandemic we are fighting at this point. I'm pretty sure that both the interviewer and interviewee are part of the 2nd category, and despite all the rational explanations etc there is always a "flight response" in the back of both their minds. That affects demand, which affects plans of industrialists, which affects employment numbers, which intensifies the flight response .. you see where I'm going with this ? Yeah .. a feed forward loop.

[@Little-bird-told-me]

The whole top down model is flawed. Spending should be happen at the "district/village/ block" level. The local bodies should have ability to collect corporate tax and spend it. Both China and USA have this model.

[@mandarp9472]

High taxes, high inflation and slow growing income & salaries.

[@elliotalderson2007]

slowly the danka is phating

[@rajx7120]

I think farm subsidy rationalization should be done urgently. Thus would save money for tax cuts. And for heaven's sake, shift rice procurement from Punjab to Eastern India. Punjab should produce pulse or not produce anything. Most stubborn and insolent people there.

[@PrashantKumar-nv6zx]

Keep giving freebies and hope middle class keeps on providing more taxes. Every government is oblivious to urban struggles and stress.

[@iamnothing85]

Really poor economist view. A economist views overall picture and not the short term let me tell you why, the moment demands start we need to build to meet the demand and guess what comes next land and labor issues so focusing on one piece at a time is not going to fix a macro issue is stupidity. Sorry the title lost me then and there.

[@spg6651]

Pure EXCEL Sheet exercise is this Budget

[@sivudu69]

Madan needs to pick a lane. There is no consumption; so private companies are not investing. But, then he immediately switches to government cannot invest in all areas and that private companies need to invest. But, why will they invest? There's no demand from consumers! Looks like there may be some pressure on Madan Sabnavis from his BJP bosses.

[@RajuSingh-wt1my]

Less growth=Less exploitation of the resources=Less damage to environment=Less climate change=Less chance of earth becoming fireball.....so less growth is not such a bad thing...Be positive..Live happily with less resources.

[@AjaydeepArora]

Economics is part of Commerce 😢😢😢😢

[@satyajitsheth4705]

No new ideas.

[@abirbasak1948]

The person sitting on BKC ivory tower, and do jot have idea about ground realities. Instead of making empty higheays if government improves on city infrastructure, road, metro, transport, etc can easily increase productivity by double digit.

[@adityabanerjee7145]

Highways are must for efficient freight transfer, lubricating oil for the economy which a city monkey like you do not appreciate. Metros are being built in every city and city roads are state government subject - good in Gujarat.... hell in West Bengal...please help Momta

[@abirbasak1948]

@adityabanerjee7145 Metro are no where sufficient, be it Mumbai, Bangalore, Pune or Gurugram. City infrastructure is in distress in almost all of these places. Perhaps Chennai is relatively better. I am not from WB/Kolkata. Neither have any political points to score. If you are happy with the way the government is spending money on places ignoring priority sectors and productive usage, good luck to you. I have a different understanding about focused spending.

[@rednihb]

⁠@@adityabanerjee7145Hell is in interiors of most states, and forget Bengal , go to Gurgaon to see broken roads in cities in a state with a so called double engine Sarkar

[@adityabanerjee7145]

@ NH8, MG Road and Golf course road are pretty good, so are the IT parks, gated societies and malls, even the layouts are not bad...if a 40 year old attached sub city to Delhi can attract such a huge middle class and contribute so much in tax...Momta and Soren's hell holes in Kolkata and Ranchi need to learn...FAST

[@rednihb]

@Park street and maiden in Kolkata are also fine, as are the main roads, same in Gurgaon, but try going on golf course extension, or go to the sectors across Sohna road, or try the road inside sector 43, 44, or by Kanhai village, and the garbage will make you retch, or try going inside Ardee city, will have to get your car suspension changed, or just go across to old Gurgaon and try the old Delhi highway, then Mamta will appear better than Saini and Khattar.

[@rahulsidshah]

@tcasharad - nice episode. Your chart on net FDI - has gone viral fyi.