NDA Vs UPA, Tax System, Kolkata's Fall, GDP Growth & More ft. Former CEA: Ashok Lahiri | Neon Show

[@51lkyw4y]

29:10 The middle class are not taxed heavily. For example, if you earning around 10 lakhs (more than five times the pci of India), you will pay roughly 4 to 5 percent in income taxes. People making more than fifty lakhs a year account for seventy-six percent of India's total income tax revenue. So, the ultra-rich are 'heavily taxed' in India, and in exchange, they get bad roads, poor air quality, and so on; it is no surprise that wealthy people want to leave India.

[@somnathghosal6954]

The sarkari teachers are employed with a lot of controversy. The private schools's fees are out of reach of the commoners.

[@thecomment9489]

As a matter of fact sarkari teachers are far more qualified than private school teachera because of strict qualification requirements by the government but after joining their work, kaamchori and haramkhori sets in because there is no performance related process to evaluate their performance and when every pay commission is launched everyone gets a raise. 🙄

[@shantanu991]

Local governments have unholy alliances with these private school owners. They silently promote the private schools maybe because of some favours.

[@orunabho]

We need economic freedom. It feels we are still subjects of an Empire.

[@Rocky-pz8px]

And what do u particularly mean with economic freedom? And why do u think we are subjects of empire? 👀

[@orunabho]

@Rocky-pz8px try opening a restaurant.

[@Rocky-pz8px]

@@orunabho rhetorical answers.. if u have some points, tell.. else dont make such bold statements

[@orunabho]

@@Rocky-pz8px that's the problem. We are so used to not having it, we don't even understand what economic freedom is. We understand only political freedom, the circus of electoral democracy. Economic freedom is a school text book idea. Please do you reading, if you don't mind

[@Rocky-pz8px]

@@orunabho i know what the terminology signifies.. u re talking to someone who is already into economics and finance.. but what m asking u is, give me the specific details of ur issue from which u deciphered there is no economic freedom in India.. give me facts and not the rhetorical hearsays brother!!

[@somnathghosal6954]

India's liberalisation is due to the pressure of world Bank, I.M.F and foreign currency defeceit . It's not a choice it's a compulsion of Narashima Rao.

[@thecomment9489]

True. The bad policies of our rulers result in all those crises and then as a way out some reforms are done. That's most definitely not a recipe for development.

[@shantanu991]

Yes, had it been a choice it would've been done much ahead in the 80s.

[@pgsprakash]

Our ancestors divided our people by using a rigid and discriminating caste base reservation system where the elite castes got all the privileges. Even worse this rigid feudal system treated the working class as untouchable slaves. They didn't have freedom to think freely and for themselves. Their dehumanisation by hinduism and hindu gods decimated their executive and cognitive functions. This still continues in many parts of India.

[@vaishakh3]

Please invite "Ashoka Mody" who is author of the book "India is broken"

[@Mel08996]

Lmao his viewers are primarily BJP supporters. They won't accept anyone that criticizes the govt and its policies. Ashoka Mody is among the last people he will invite

[@TheNeonShoww]

Hi there, thank you so much for your suggestion. We are adding it to our lists of guests we'd like to bring on and shall do our best to bring them on in the upcoming months!

[@RohitRegonayak]

Just like we fault Nehru for concentrating on the IITs & IIMs while neglecting primary education, Modi's BJP also is concentrating on Bullet Trains and Expressways when the basic infrastructure is crumbling.

[@shantanu991]

Primary education in the country is still neglected

[@orunabho]

Education and wealth is not always correlated. Take the case of West Bengal. All revolutionaries are nucely educated and they collectively worked towards the destruction of industrial and economic state of their State. Ideologies, particularly Marxist types or Islam, can destro an country and its economy

[@thecomment9489]

Incorrect. Saudi Arabia, UAE, Kuwait, Bahrain, Oman, Qatar are all Muslim majority countries and all of them have per capita GDP above 29,000 dollars. China is a Marxist Communist state and has six times the average income than India. So your correlation is incorrect. Also Malaysia is a Muslim majority country and has even higher per capita GDP than China. Brunei us also Muslim majority. Indonesia us also Muslim majority. They all have much higher per capita GDP than India and you may find it hard to believe but higher than even Gujarat 🙄

[@ankushmukherjee3219]

​@@thecomment9489 China is not Marxist anyway they don't even claim to be. They have state capitalism in every possible way, only the party is communist but doesn't follow communist principles since Chinese reformer deng Xiaoping

[@orunabho]

@@thecomment9489 all because of petroleum. And it is going to end soon. They are all desert wasteland, not natural habitats for Homo Sapiens

[@cheapthrills9035]

​@@thecomment9489most of the countries that you mentioned have oil and developed coz of west interest in it. China's economic policies are mostly capitalist.

[@tanmoymondal5721]

It's not all about Taxing middle class...question is what in return middle class getting from govt? No social security

[@surejkapoor2292]

Forget about it. Nobody talks to a milking cow and goat what they like. They are alive to feed others. You want justice try to be in the other two classes.

[@Bhargav141]

He's not an economist per se. He's a politician in disguise.

[@shantanu991]

He is an eminent economist and a BJP MLA in West Bengal.

[@orunabho]

We need universal schools, compulsory for all. And possibly all government funded. No private schools. Then only we can dream of an educated citizenry.

[@thecomment9489]

We already have public schools all over the country, but what is the quality of education we all know.

[@vargheseb8602]

That is the only mistake I find in Nehruvian policies.

[@orunabho]

@@thecomment9489 it happens when you allow private schools. I studied in KV 30 years ago. The best of schools. Should have replicated that 1000 times over

[@shantanu991]

Both the central and the state governments want to come out of the education business

[@rohittalwar5602]

if it was 97% for the rich, today 33% for the salaried is equally detrimental

[@thedefender2191]

PAN, UPI , ADHAR CARD AND GST all are gifts of one economist named dr Manmohan Singh.i mad my pan card way back in 1999.tell me single extra idea conceived in last 10 years except that they implemented all these concepts in a good way except that middle class got screwed in the process that I pay 30 percent tax and corporate give 25 percent tax.

[@agonnoga6100]

Not only Kolkata but Bengal's fall started almost immediately after 1947 due to openly anti Bengal and anti East India policies by Dilli Durbar. Resources rich East India has been looted by every central government as eastern states could rarely form the government in the center. This led to policies being framed at the center which have been harming the eastern states. A string of local bad leaders who are all basically dalals of Dilli Durbar and their retrogressive populist policies have added to the woes. To reverse this, Bengal and other eastern states need complete economic and administrative autonomy from Dilli Durbar in which Bengal has traditionally has next to zero representatives. Otherwise, things will only go from bad to worse. The southern states too were facing similar predicament before they formed their own political parties to get their rights and ensure that economic development of their states remains locally and not in the mercy of Dilli Durbar where they too have little to no presence.

[@Sam-ee6iw]

11:55 we aren’t taking into account that wealth is relative , if we are US10k by 2044 but world avg moves to US13-15k then we are still poor!

[@thecomment9489]

Good point but also we are chasing wrong targets. That is why Chinese people are the luckiest in the world because they have the rulers who are not only meritocratic but also caring for their population. The goal should be poverty alleviation, increasing education, healthcare coverage, connecting each and every village, town, county and city with roads and railways. All that fosters economic growth and GDP targets are reached.

[@AlorSharma]

Loved the show 👏👏 Lahiri sir, Please keep visiting Neon

[@TheNeonShoww]

Thank you so much for your kind words and we enjoyed hosting Lahiri sir on the show just as much as you enjoyed listening to it! Stay tuned for further updates on a potential 2nd interview with him soon!

[@abhijithkalappurakkalgopi1159]

Excellent channel Brother, very much interesting conversations , you conducted 😊

[@avsm170]

Amazing conversation! Liked it.

[@TheNeonShoww]

Glad you liked the conversation and thank you so much for tuning in! Please do share with us any guests that you would like for us to host in the future 🙏

[@soumyajyotidutta3113]

20:37 Don't worry, bhai....there was never any kind of sense of competition among states even 15 years back😅😅....the government's and people's most priority was only poverty elimination due to humongous refuge burden of 35% of Bangladeshi origins and 15% of hindi land origin in West Bengal..And we had done well in those parameters...NITI aayog says that also(8.6%)..and we have one the highest gdp growth rate as well(MoSPI DATA)....now only we are starting to focus on this competition...and we will grow and become 3rd until 2047 and 1st at 2070❤❤as we was from magadha to mughal❤❤

[@ankushmukherjee3219]

Do you really have trust on tmc?

[@soumyajyotidutta3113]

@ankushmukherjee3219 just Google 1)gdp growth rate data on the MoSPI website, we have been 3rd since the last 7-8 years(17th number data most probably... on the list on the website) 2)Debt to gdp ratio data is now 31% from 55% of communist era 3)Fiscal deficit data 3.6%.. Where national fiscal deficit is 5.6% 4)IT sector growth rate is 70% 5)Leather export is 55% 6)NEWTOWN is the smartest city of India. 7)Manufacturing growth rate 8.4%...where India's manufacturing growth rate is only around 3%(MoSPI Data) 8)The literacy rate is 80% , far ahead of the national average, 9)Kolkata is India's 1st Science Research, 84th ( nature report ) among Indian cities. 10) The multidimentional poverty rate is 8.6% lower than even gujrat 9.6% ( niti ayog data) 11) one of the lowest unemployment rates, though low skills jobs now Yes, we have issues, but good things also Don't trust me, 🙏 please 🙏.....just google this information. It will take not more than 5 minutes...

[@soumyajyotidutta3113]

@ankushmukherjee3219 @ankushmukherjee3219 just Google 1)gdp growth rate data on the MoSPI website, we have been 3rd since the last 7-8 years(17th number data most probably... on the list on the website) 2)Debt to gdp ratio data is now 31% from 55% of communist era 3)Fiscal deficit data 3.6%.. Where national fiscal deficit is 5.6% 4)IT sector growth rate is 70% 5)Leather export is 55% 6)NEWTOWN is the smartest city of India. 7)Manufacturing growth rate 8.4%...where India's manufacturing growth rate is only around 3%(MoSPI Data) 8)The literacy rate is 80% , far ahead of the national average, 9)Kolkata is India's 1st Science Research, 84th ( nature report ) among Indian cities. 10) The multidimentional poverty rate is 8.6% lower than even gujrat 9.6% ( niti ayog data) 11) one of the lowest unemployment rates, though low skills jobs now Yes, we have issues, but good things also Don't trust me, 🙏 please 🙏.....just google this information. It will take not more than 5 minutes...

[@EmptyRedBullCan]

ONLY IF THE GOVT HAS THE GUTS TO TAX THE WEALTHY FARMERS, TAX BURDEN CAN BE REDUCED

[@ayushc5704]

Part 2 on west bengal's economy and future.

[@TheNeonShoww]

We are working very hard behind the scenes to ensure a part 2 happens so stay tuned! Thank you so much for your recommendation and hopefully you were able to gain some very valuable insights from this episode 🙏

[@AnilKumar-sx9us]

Seems armchair economist.No solution to the problems.Bengal is backward due to Govt apathy.People are lazy, don't want to work Hard.Bengali mindset is that they know everything thing and have all the solution.

[@thecomment9489]

According to govt's own data West Bengal has less population living in multidimensional poverty than Gujarat. 🙄 I have never everv in my life heard anyone saying he is going to Gujarat like Ahmedabad or Surat for better life and opportunities. Anyone willing to migrate internally wishes to go to Mumbai, Bangalore, Delhi, Hyderabad etc not to the Sabarmati riverfront or to the new diamond hub in Surat. Or even to Dholera or GIFT city. 🙄 So all the miraculous growth of Gujarat only exists in hype, media management and that is possibly why Gujarat is considered to be a hindutva laboratory. Give fools something they'll feel good about, and all development happens in newspapers.

[@soumyajyotidutta3113]

just search which city has highest IT sector growth rate? which city is the smartest city of INDIA go to MoSPI WEBSITE for gdp growth rate of states...and see which states have the highest in last 7-8 years. Niti aayog mutidimentional poverty index...we have only 8.6% while in gujrat it is 9.6%...MPIndex include- food availability, education,health, electricity, haouses, etc search it. which city is the safest city???search crime rate of states....one single thing doesnot change indexes.. just google which state has the highest LEATHER EXPORT?? google fiscal deficit data, google debt to gdp ratio data..... dont defame your own motherland....on the basis of some fake videos....google informations and try to study about them if you have interest from books....

[@Karthik-e5d]

On the contrary, the civilians do not have a collective consciousness to stand against bribery at the last mile, and rather they give in to the bureaucratic rot by greasing the palms of the sarkari farts in public service offices to get their things done The ones who can afford to pay bribes do it at will and the ones who cannot afford the bribes, have to liquidate their savings and sell their kidney(s) at this point to fill the bellies of the ever-hungry babus. And this guest here says "People once informed take the right decisions"...

[@thecomment9489]

All these types who have spent a significant portion of their working age years in Western countries like to pretend that Indians are same as Westerners which is the fundamental flaw in their thinking. Indians are very different from the people in the West. The Western ruling classes don't believe in democracy (whatever he means by that). Western people fought for their democratic rights. And even now if their ruling classes canget away with not giving democracy to their citizens they would do so in an instant.

[@surejkapoor2292]

Corruption in India will never end. Corruption is etched in the DNA of Indians, they were born with it. Its in their nature. If you like to end corruption you need to take the people in administration to undergo a gene therapy treatment to remove corruption.

[@rupandatta8914]

In bengali there is a saying -গেঁয়ো যোগী ভাত পায় না.

[@NasticFool]

7:13 I'm not sure if the IPO details of Bandhan Bank shown were meant to be taken seriously or as a joke. 😅

[@thearnabsarkar]

Focus on quality of life and not rate of growth. Most nations from Africa to South East Asia have cleaner air and water than India.

[@rohittalwar5602]

THESE OLD RETIRED ECONOMISTS CANNOT DUGGEST POLICIES FOR A NEW INDIA..THEY ARE DONE AND DUSTED..NOT RELEVANT IN TODAYS TIMES..INDIA NEEDS WILD AGGRESSION

[@surejkapoor2292]

They are in the bygone eras of 40s and60s .That is the reason when you hear these oldies they always waste time on pre-independent economics and post independence time till the 70s. After that its all bla bla bla. The truth is that they are ignorant and most of their kids are settled abroad so they don't have to do any research.

[@somnathghosal6954]

If you want to be a global player you should have a international level education and expertise. India remained uneducated and impoverished and a 20 crore middle class remained as a consumer of the foreign companies.

[@soccerjeeva7067]

This channel satisfy the top 10% of indian knowledge group.🤗

[@TheNeonShoww]

And you've won our hearts with that comment! We continue to hope to get your support and will make sure to always put out content that satiates your intellectual mind! 🤍

[@nvspraneeth901]

All revolutions don't end up good and this mudiocre economic revolution is as pathetic any could be

[@HarshVerma-ds9jw]

Shivan sir

[@rimurutempest2130]

PArt 2 Part 2 pls

[@TheNeonShoww]

Stay tuned for any news regarding part 2 and we hope to host him on the channel very soon!

[@Carryminatiroastvx3dw]

Bro where subtitles

[@thecomment9489]

Subtitles are there.

[@TheNeonShoww]

Hi there, we are currently working on adding the subtitles soon... We apologize for any inconvenience caused!

[@rupandatta8914]

Too much ad

[@srini8701]

Another so called economics person making basic mistake in using growth rate. One uses nominal rate of growth and not real rates

[@francisp9509]

Malnutrition, starvation, unemployment, income inequality, promoting parochialism, poor investment climate, great political turmoil, browbeating the media--- these are the happenings of past 10 years. Yet, lahiri is saying that we are on the right course!

[@thecomment9489]

It only means two things the he is either far detached from ground realities or he is somehow benefitting from all that chaos. What else?

[@sudip_curiousmind]

Malnutrition has gone down big time, as per several international organizations including the well regarded British journal Lancet. So if you have any useful information then share it with appropriate source else don't vomit your opinion.

[@ankushmukherjee3219]

Ofcourse there are problems, massive problems, but we are kn the right track means economically our indicators are quite good, building infra, the foundation is okay, now it depends how well we work on it and how quickly we can grow and how fast we can industrialize is what matters.. Growth is slow now but indeed we are on the right track. The problem is slow growth, slow rise in income and employment...please understand the difference And all the problems you stated are legacy problems, you can't get rid of these issues overnight, it's not like there's some magic that will help on that duhh

[@vargheseb8602]

All are ANDHBHAKTHS

[@vargheseb8602]

@ankushmukherjee3219 Andbhakths will always find silver lining