Prannoy Roy And Ruchir Sharma Discuss India's Economic Progress | India @ 75 With Ruchir Sharma

[@sugannatarajan4507]

Ruchir at his best.. This is one of the best hours spent in a decade. Worth repeat-watching in loop mode. So much leading information to process and digest. True intellectual and nicely elucidated by Prannoy Da.

[@MaheshVermaTheOriginal]

with so much negativity around, Ruchir's stats give some hope of good happening and brighter future for India

[@maheshjambardi771]

Generally not an NDTV fan. Shekhar Gupta of The Print led me here. What a fascinating analysis. Wealth of information summarised succinctly and explained lucidly. Grear job Ruchir Sharma and Prannoy Roy. Dr. Roy - give us more of these - unbiased , no spin, no ideological bias kind of programs. We would love that.

[@Ivanhunter1969]

What a wonderful show. I have very high regards for Mr. Ruchir Sharma since 2012. I have seen Mr. Prannoy Roy since the days of The World this Week of DoorDarshan. The way Mr. Ruchir Sharma analyze data as well as his previous projection is more humbling then any Economist. Dr. Prannoy Roy is such a great anchor with very solid study it makes this show more spectacular. I request him please do anchoring Mr. RaghuRam Rajan too.

[@sujanagavirneni3199]

Generally I don’t watch NDTV because of it’s negative coverage of the developments in the country, but, Ruchir Sharma tempted me. This discussion is very informative.

[@tusharshah8938]

I am disappointed for below reasons: What about 5trillion economy, when will we achieve realistically? Where is the graph with shows bow many people were we able to bring our of poverty line over the years. Farmers income in real terms, considering inflation and dollar value.

[@mayurkanth6987]

@@tusharshah8938 $5Trillion by 2027

[@vijaykrishnamoorthy3557]

So insightful, intelligent & unbiased. Amazing information…. This it one of very few programs I watch in NDTV…Such a charm to listen to Ruchir Sharma.

[@sajugeorge3576]

Pronoy Roy & Ruchir Sharma has given an excellent, innovative presentation which is a feast for our eyes and mind.Extremely valuable. SAJU GEORGE.

[@VSV659]

I have met Ruchir and have chatted with him at various gatherings in New York. I am unsure about his contention that India could have opened up the economy much earlier. It is important to understand India's economic and political history. To start with, India's per capita income remained static for almost 200 years from 1757 to 1947. Add to that the Bengal/Bihar famine of the early 1940s. There was no option for Independent India but to adopt the socialist Planning model. There was no scope for capitalism to take root. First, there were only a handful of capitalists or business enterprises, and embracing capitalism then would have led to the problems we now have in a different manifestation - handing over the country to a couple of favoured businessmen whose net worth has rapidly accelerated to over $ 100 Billion each.. Second, there was no capital in global markets due to the Second World War and the Marshall Plan to rescue Europe, and Japan's revival. And Britain became severely impoverished due to the war. Nehru's embrace of socialism was very appropriate for the time. Given the huge population to be taken care of, and the big challenge that the country does not collapse and descend into total chaos, the slow growth model of the 50s and 60s had to happen. And with the Emergency and change of governments, the 70s were a marginal improvement over the 60s. It was only when Rajiv Gandhi became PM did the country slowly open up. At best, what forced our hand in 1991 could have happened perhaps 5 years earlier. Unfortunately, what we have now is the mortgaging of the country to a couple of businessmen who are close chums of the PM - add to that the usurious GST formula, and the result is a SME and informal sector that is being repeatedly decimated, with the demonetisation and the pandemic adding to the woes. India does not have the framework to grow at 7 or 8% - the political exigencies and polarisation are critical negatives. Next, the unemployment rate is high and add to that an emerging workforce that has missed 2 years of critical education and training. If India is to survive, it has to go back to a socialist model, re-nationalise some of the industries and sectors that have been handed over to the private sector on a platter. India can rethink privatisation perhaps 5-7 years from now.

[@ashokkumarkuwar147]

I agree with you. Economy can not be looked at in isolation.

[@RelevanceAsia]

Fascinating discussion! This is the kind of quality analysis we expect from the media.

[@sandeepphatangare5111]

Great efforts put in by Ruchir Sharma on procuring such a vast data of 75 years of Development of India to public forum , Thanks to him and Prannoy Roy😊

[@amoljadhav5226]

Absolute gold episode. Kudos NDTV & Prannoy for this holistic macroeconomic conversation with Ruchir.

[@bhagwantbhagat7163]

One of the out standing discussion of Dr.Prannoy Roy And Ruchir Sharma i ever heard. Expected more from both in future.Keep it up.

[@devdassariputtamishra2743]

Well done Dr Roy and Mr Ruchir ! It's a superb presentation of the country's economy, both past and future. Hopefully, things unravels in a more positive way. You mentioned "The world this week". Was a big fan of that show.

[@heeralaxmichand6448]

Undoubtedly Ruchir works very hard and it shows. His India specific books have made a lot of impact on the students of economics generally and helps both directly/ indirectly to the planners in the Govt...Not to mention the interviews also are one of the most sought after appearances on NDTV we wait for...!! Be it a book launch or annual formal analytics. Thanks Ruchir...and NDTV

[@Mr.CoolDood]

Prannoy Roy And Ruchir Sharma, always love them to hear. They never disappoint.

[@hiralal7]

Amazing work, 👏 It's India's story. Country needs such presenter of India's story at the top.

[@ranjitdeshmukh1429]

I'm come here after shekhar sir recomandation. It's really necessary we have to seem in mirror before celebrating victory we have to still do a lot of hard work.

[@udaykhosla2616]

35:52….spoken like a true economist…hatsoff

[@imhiteshgarg]

Its always a treat to listen to Ruchir Sharma's view on India. He is a very intelligent man.

[@knaraya936]

Very simply, Deng Xiaoping opened up China's economy and US Companies poured billions into the Chinese Economy, which allowed China to move people from inefficient government-owned entities into these American companies. Ruchir fails to mention this important fact...without America pouring this money into China there was no possibility. Of course, China was able to "capitalize" on American investment by boosting infra and building like crazy.

[@andrewmah5605]

King Trump and his 'Fake News' He is making the American Military Industrial Complex great again ! Black Lives don't really matter as Long as Trump Build the Wall to keep everyone Out of the American Industrial Military Weapons Complex and Hegemony !

[@hayekianman]

huh. if india opened up like china, india would have been richer too. instead, it remains an inward looking country still using phrases like atmanirbhar as if it were going to make anyone better off. atmanirbhar is a sign of low self esteem.

[@cuongtu7772]

So can we say endia will never grow because nobody pour money into endia lol

[@knaraya936]

@@cuongtu7772 you are correct to point that out - however in todays global economy indias growth will be slow if there are few external investments.

[@AmitKumar-qh1ts]

Looks like after he British left, India under congress started to sink. Then something changed around 1990, and India started to do better and is now about reaching the same level as when the British left? This story needs to be told.

[@ambition4195]

Siding with USSR and opting for Freebies, Socialist schemes, License Raj, Less Privatization is the main reason of India Downturn. Now, things are changing.

[@yudhvirsingh4246]

P.S. it is so refreshing as always to have Ruchir on TV shows.

[@maximahoro8970]

Full-power to these two Economists

[@Sameer-er3wz]

Great job. The 18 year period for doubling of per capita income does not account for inflation. Realistically, it will double in 10-12 yrs.

[@jaintango]

yeah I think he i saying double in 18 years in real terms i.e. inflation remaining constant and real per capita income growing around 4% only due to new people being added each year. Adding inflation to it obviously I would expect it to double in 10 yrs considering 7% increase per annum in per capita income.

[@dm5665]

Fact based reporting with good analysis. I was a big fan of NDTV 10-12 years before. After a long time I watched any discussion on NDTV.

[@KudmiKudmali81]

Explained complex ideas with such a simplicity. Hats off to Ruchir Sir ❤

[@ananthnarayan7885]

Lucidly explained for a common man to understand. Several revelations never seen before. Good suggestions for the future governments.

[@sujanagavirneni3199]

Congress party & it’s leaders policies kept the country poor for almost 6 decades. India remained poor because of the congress leaders socialist politics. It is no wonder that India ranked 6 in GDP terms in 1950 fell to 13 in 2000. Current Congress leaders should introspect instead of blaming Modi & RSS.

[@bhai857]

So true. That too at a time when Congress enjoyed undisputed, unchallenged confidence and support of Indian masses. If they had wanted, they were on a comfortable wicket to push large scale reforms in Indian economy and change it's face. Instead they went down the road of caste / religion politics, cheap populists measures like reservations, and redtapism, and policies giving government babus draconian powers like license raj.

[@mangomits]

I wish NDTV would have supported the farm laws earlier, as that was one of the keys of unleashing our economic potential.

[@bananybaruah4777]

India will continue to defy both the optimist and the pessimist.

[@santomenon3689]

Watching Ruchir on NDTV is like visitng a Pilgrimage, once a year. Fabulous insight !!!

[@roflkohli2853]

Quality journalism by NDTV as always. Fantastic statistics by Ruchir sharma. Kudos to Pranav Roy.. what a man. Goat interviewer

[@Rockstar_london]

Wow it will take 18 years to double our GDP per capita from 2000 dollars to 4000 dollars. This metric for was mind boggling.. Kudos Ruchir and pranay . Good study

[@siddhanti]

Fascinating study! Hope Indian Economists, Policy makers, and political leadership takes note of the study, the trends, and prepare the National policies & programs accordingly.

[@hareshtinna7304]

About education data, instead of showing education data there should be important factor quality of education which is really going to give the clear picture of level of intelligence of Indian people and students as well.

[@ianwilson8759]

Brilliant video and layman friendly discussion. Thank you. My previously pessimistic view of continued India growth is now quite optimistic. India has to get more women in the workforce. 21% is a shameful statistic, even if a lot of women want to stay at home. It's also a shame that India is falling back into economic protectionism when that clearly kills growth (witness India's very slow progress in the 50's, 60's, 70,s and 80's). I also have no hard feelings of India overtaking the UK in nominal GDP in the next few months! Lastly, the Nehru family should feel so very proud of robbing India of 40 years of normal growth in the cause of pro-soviet socialism.

[@bharatratnam5607]

Now in most of the house holds (in South india) women are studying, doing jobs or capable of doing jobs. Low participation in labor may not be the cause of low growth but could be result of low growth. The presenter is not giving cause and effect relationships.

[@mayurkanth6987]

Nehru Gandhi destroyed Indian economy. India only got economic freedom since 1991 only.

[@rohitmpanchal5803]

Amazing research and analysis by Ruchir Sharma and his team. Extremely informative and enlightening. Great discussion, thank you 🙏

[@addalameda]

poverty alleviation, employment, health and education and a couple more...some areas perhaps not adequately covered..The duo is superb as usual !!!

[@hpremjit]

Earlier the welfare schemes were announced as alms to beggars which never really reaches the people, now the schemes are not just announced but also given as a right to the people. That's a respect the poor have never gotten but getting it now. This is profound and it's effect will last for at least a decade on election results. Pranoy, may be somewhere in some village a few old ladies with no smart phone shaby grandchildren may have been cheated by some bank clerk, but the fact is that 99% of the beneficiaries don't have to go to the bank as they use UPI payments. Even if they don't have it there is always that village "Bhaiya" who will help them transfer it in his account and pay the old lady cash for a small fee. So next time you do a village survey, do it thoroughly.

[@NishantChoudharyJi]

Very high level of serious emergency situation for our currency Rs in National interest Our indian currency ₹ at present time it's historical lowest level , It's must require urgent action by our experts & regulators to protection from depreciation and loosing the valuation in our National interest. Our indian currency Rs is our reputation,our pride and our Strength which is everything for our great India and its great citizens. The emergency reflection in these very important reality... At the time of independence Year 1947 1 ₹ = 1Dollar $ (USD) Now in Year 2022 80 ₹ = 1 Dollar $ (USD) Very harmful & serious situation of our Rs which is continuously loose it's valuation ,damage & facing historical depreciation . It's damage our industrial growth, damage our employment generation, damage our export and Development Our Most Respected Leader of India Late Sushama Swaraj Ji also explain the significance of our Indian currency Rs and our pride, reputation, goodwill with strength in most logical manner. Please save and protect our economy and financial situation with Currency Rs ₹ Hope & illusions are best but practical reality must Not be ignore for betterment. God bless our country and our currency . Jai Hind,vandematram,Bharat mata ki Jai

[@bharatratnam5607]

All the ground work for upi payments, was done during upa regime, on the basis of which NDA could implement direct benefit transfer. Due credit has to be given to NDA regime for its achievements.

[@bharatratnam5607]

@JUST ONE the discussion is about economy not about Pakistan or terror network in the world

[@bharatratnam5607]

@JUST ONE China took its education, research and development as very important for growth and allocated more budget that that in india for education and science and technology. Till liberalization, our country progressed well in science and technology (nuclear Physics, pharmaceuticals, space science, agriculture, dairy etc). We have achieved remarkable progress in those fields. After liberalization, the progress was only in IT, that too in services not in developing useful products for the country. Services were supplied to other foreign companies. China did not allow world Bank or IMF to dectate terms to it. It has supplied cheap labor to the multinatinational companies in return for their setting up their companies in China and transferring the technology into China. China progressed because of it's policies in the area of investment by foreign companies in China, and greater allocation of budgets to education, scientific research and health. Hope our political leaders learn some positive things from China to improve the progress of our country.

[@hpremjit]

@@bharatratnam5607 exactly, UPA could not deliver anything. What's the use of preparing all the ingredients when you don't know how to cook and serve. In other words, preparing ingredients is manual work (can be done by anybody), but putting them together to make a tasty dish requires a chef/a leader.

[@abhijeetgyal]

What an enlightening discussion! Great research and an amazing talk! Loved it! Thanks for sharing!👌👌👌👍👍👍👏👏👏👏

[@broto8]

Great Discussion in a long time!! Thank you so much Pronoy Da... Such a pleasure to watch showing the whole picture from over the years... I know I know you will say, "It's all in a day's work". That is why you ae such and inspiration 💝💝💝

[@harshitj1]

Absolutely amazing stuff...Refreshing to see TV dishing out intelligent research like this...

[@rashmifauzdar5766]

It is one of the best and most realistic analysis of India's growth story vis a vis the world.

[@dnarayanaswamy9207]

Wonderful program...Once in a way telling something good of the nation...

[@moinalimoinali4977]

Sharma ji is so versatile and visionary 😇❤️❤️❤️❤️🤗🤗

[@mithunpramanik4024]

Thanks to Ruchir and Roy for presenting a very interesting study... Keep it up.... Best wishes....

[@ashikpathan7794]

My favourite Mr. Ruchir Sharma. The mind of Ruchir is very strong in terms of business.

[@shamkulkarni1367]

NDTV keep it up and show such programs instead of always blaming BJP

[@infiniteflow7092]

Excellent discussion highlighting both sides of the coin, very informative!

[@Sawvage]

Incredible assessment of current economic situation and forecasts. Engaging

[@mythcard051]

I wish if population and land size was taken into picture in historical terms in comparison to other countries while painting the picture, so that folks understand the gravitas and potential for future. Without the bigger picture, its again more of opinions.

[@spiritunchecked2281]

With that taking into consideration the picture would look gloomy 🤪🤪so be happy with this. And remember Hindu khatre mein hai 😜

[@ganeshchakravarthy3493]

Thank you pranay ji and ruchir sharma ji, Good information. Enlighting session.

[@mohank3463]

Very insightful interview worth listening to !

[@rajeevdoddapaneni233]

What an excellent interview. I learned a lot. Thank you Ruchir..

[@sunandakumarsahoo6129]

Good primary education plus change in higher education structure can change in our per capita income with in 15-20 yrs. It will help increase in labour participation of women.

[@prasanjitm]

What a great discussion on macro-economics. Looking at economic trend and forecast based on such breadth and depth of data is commendable. Great effort from Ruchir Sharma and team.

[@2945antonio]

The narrative of Mr. Ruchir Sharma was informative and thought provoking. The one thing I disliked (and Mr Prannoy Roy will excuse me for saying this) is the fact that Mr Roy spoke perhaps more than the interviewee. One interviews a guest to obtain his/her views and gives the individual time and opportunity to elaborate; the interviewer is there to ask questions, seek clarifications but not to jump ahead of the interviewee with facts and views that the guest is invited to share with the viewers.

[@aruntripathi7950]

Always love to listen your interview with Ruchir , great learning about indian economy Thanks NDTV

[@sharduldiwan2009]

The only NDTV video that I am fascinated by. Maybe the best journalistic piece across the spectrum of channels. Kudos to the teama and ofcourse Ruchir!

[@MAHENDRADALVIGoa47]

Very helpful in understanding India's progress since independence.

[@shailendramalik]

Another interesting take is on Life expectancy, Infant Mortality and Education. We practically opened up in 1992. So our growth is a bit skewed from that angle. Also on one side you compare India with its peers in same per capita income, but to pain a contract you put china which is 6 times our per capita income. Please realise, that medical benefits put in India is for 1+ Bn population where as our peers in per capita income are usually countries with a few millions. So infrastructure required both medical and developmental is much greater to achieve same levels. I will take heart from these numbers as they reflect the right direction where india is heading. If you want to paint a grim picture then you will use per capita as basic stat, but if you want to paint an encouraging picture then you will count the people we have benefitted. This is all a matter of what story you want to bring forward. A story of challenges and pitting us as an average, or a positive story of numbers where we are encouraged to beat our records and improve further. One problem with using per capita income as base, is that when you see percentages, moving from 70-75% is a huge challenge, but providing 8 crore more people a credible healthcare case looks like an achievable target, if gets divided in states and given as an achievable goal for state govts.

[@gauravmufc1]

Still the capability of India would truly come out if we continue at this pace for another 20-30 years and for this we need these kind of reality checks that show that even though we have risen better compared to others their is still a long road ahead to catch up with likes of top nations around the globe.

[@NishantChoudharyJi]

Very high level of serious emergency situation for our currency Rs in National interest Our indian currency ₹ at present time it's historical lowest level , It's must require urgent action by our experts & regulators to protection from depreciation and loosing the valuation in our National interest. Our indian currency Rs is our reputation,our pride and our Strength which is everything for our great India and its great citizens. The emergency reflection in these very important reality... At the time of independence Year 1947 1 ₹ = 1Dollar $ (USD) Now in Year 2022 80 ₹ = 1 Dollar $ (USD) Very harmful & serious situation of our Rs which is continuously loose it's valuation ,damage & facing historical depreciation . It's damage our industrial growth, damage our employment generation, damage our export and Development Our Most Respected Leader of India Late Sushama Swaraj Ji also explain the significance of our Indian currency Rs and our pride, reputation, goodwill with strength in most logical manner. Please save and protect our economy and financial situation with Currency Rs ₹ Hope & illusions are best but practical reality must Not be ignore for betterment. God bless our country and our currency . Jai Hind,vandematram,Bharat mata ki Jai

[@shailendramalik]

@@NishantChoudharyJi you need to understand economy more then. Don't worry about INR vs USD difference. 1 INR = 1 USD will never happen because of the wealth difference between USA and India. You need to understand we need cash flow from wealthy countries to India and build our own domestic consumption market on the parallel. Its like you need to supply petrol till the alternate fuel gets self sustainable. Our domestic market still doesn't generate enough money to keep our industrial output occupied. Also our people are still poor (relative terms with the world) To create a favorable environment for Indians, INR will keep depreciating. Look at Japan their Yen is lower than our Rupee, they depreciated to that level where now they find their sustainable range. INR will keep going down it it finds its most suitable range. This is natural and India opening up the option for other countries to trade directly in INR is the right approach.

[@shailendramalik]

@JUST ONE half knowledge is dangerous. That's all I can say.

[@shailendramalik]

Another twist of stats is Govt firms losing value in stock valuation, in reality, the influx of amount invested in stock market by foreign entities through FDI and domestic investors who are benefited by the wealth creation have increased in the overall pie. PSUs may have grown as general 8-10% growth, but foreign investment and wealth creation done in stock market has multiplied the size of the market by 5 times, which means if PSUs were stagnated then they would've been at 3% instead of 5%, so growth of PSUs is there but not at the same pace at which domestic & foreign investors have pourned in the money.

[@bharatratnam5607]

Would like to know, FDI in stock market helps in growth? It only buys the shares of existing companies. Does not create new companies, new production lines, therefore new employment generation. It will lead to jobless growth.

[@flyjamesmartin]

Very informative. Fantastic research by Ruchir

[@rajendrapopat6246]

India agricultural sector needs technology and value addition for upliftment of massive population dependent on the sector. If this sector is helped properly then massive growth as a nation is possible. urea coating with neem along with liquid urea is great achievement.

[@VipinKumar-kh5bd]

RIP farm laws

[@yudhvirsingh4246]

Great work full of hitherto unknown facts. It reminded me of the beautiful program called WORLD THIS WEEK anchored by Roy in his soft and inimitable style. God bless both of you.

[@12345sankar]

Fantastic interview. Highly informative Thank you so much.

[@akshattewari]

आने वाले समय में भारत आर्थिक महाशक्ति ही नहीं बनेगा, अपितु अखण्ड भारत की पुनर्स्थापना भी होगी - अखण्ड भारत महाशक्ति, न भूतो न भविष्यति । 🇮🇳🚩

[@deb12337]

Best Economics ever since independence ,1947.... wealth,we create in last 30 years That we create within next 8 to 11 years , that's Present Economics of our country. Happiest 75th Independence since 1947 .

[@TheSupertatu]

wow..so comprehensive.i wouldnt be able to grasp more than this if i read a book.

[@rajendrapopat6246]

Tourism industry influx in India is very low as on today. Medical tourism in india can play huge role. Herb park with yoga and vipasana are another area where India can play major role.

[@sunilkumar-fm8pu]

Excellent...episode. Discussion 👍💐

[@masti7777]

Thanks for amazing content. This is truly indepth and very well researched.

[@gokul1255]

One observation regarding ownership percentage of govt. I don't think govt lost value. the number of shares held could be same, meaning higher in value but with reduced ratio in ownership.

[@rohanindra6401]

The fact in 1950 we were 6th largest and we are back there again now shows post 1991 reforms basically reversed the damage of socialism/Licence Raj era under Nehru/Gandhi. While Japan and China grew we only caught up to where we started off.

[@jayantadas3192]

Socialism is made out to be a dirty word. In Europe half of the industries were in public sector even in 80's, Thatcher started to sell them in late 80's, so how you blame India to have public sectors of 1950's? Even now, number 1 cost of US budget is Medicare, Medicaid expenses. School education is almost free there. In Europe, healthcare and Education is Government funded. In India we had, Tata's, Birla's doing business for over 100's of years, no one choked their progress. In 50's, India needed massive expansion of steel sector, thats how Goverment got involved with Russian help. As for bank nationalisation, the banks used to go bankrupt frequently, the goverment opted for nationalisation which definitely stabilsed the banking sector. As for mining same sorry state was there before goverment intervention. So, what I am saying is , from the perspective of 1950's, it was correct policy to intervene, later on it should have been withdrawn. Ruchir's idea of capitalism will be free hands to banks as it is in US and Europe, where they can invest in share market, then go broke every 10 years, then government starts printing press, USA now printed about 25 trillions in last 15 years, is this not socialism, it seems to me, but for the banks and the riches.

[@sabihaalgur2455]

It's always pleasure to listen these two guys indepth

[@sameeershah]

Despite Prannoy da trying to be neutral, the tag lines were not especially the Rupee depreciation part, when clearly our rupee has become more competitive. But thanks to NDTV for hosting this because the other media outlets are not even highlighting this!!

[@JabardastAtoZ]

After 15 years I see PRoy did a good job. He did not bring in his personal biased politics in his analysis and discussion good work both guys

[@HE_IS_HERE_TO_REDEEM_ALL]

Excellent. My dear Prannoy Roy brother Greetings. Humble request. Could You could have allowed brother Ruchir to complete his interpretation of the data in multiple areas.... Request you to take it in the right spirit. Thank you for the information and best wishes to both.

[@Maverick_______]

Really informative.. thank you for sharing such valuable content

[@GKBhat-de6lq]

Whether all the comparisons of growth rates,rankings etc etc are basing on Purchasing power parity or datavas they are?

[@supreethrn2335]

5:30 It's funny how Prannoy Roy tries to highlight "the Indian Socialist" rate of growth being responsible for the economic drubbing. Socialism everywhere is marred with corruption, monopoly, unaccountability and laziness. The reason why USSR collapsed and China moved to capitalism. So Prannoy Roy trying to delineate Indian socialism and paint socialism elsewhere as a great concept is funny.

[@howdoifindaname2743]

True socialism was never a thing unfortunately... I truly believe that as a system, it is better than capitalist societies in it's promise... unfortunately, that promise was never kept

[@T2mukesh]

There is an American Indian saying that says that only when all trees are burned, all rivers are poisoned and all land sterile will a man learn that money can't be eaten. we will produce billionaires at the fastest rate in the world but our per capita income will only double in 18-20 years; a recipe for social political stability.

[@PG-jv5nw]

I wish sir Raghu Rajan suggestion should also be discussed here. One thing which should be included in his analysis is economy impact by increase in number of English speaking people in India. This factor is going to do miracles in coming years given the fact that it will create a pool of skills strengthening service sector.

[@gansub3339]

🤫🤫🤫

[@shankarkrishnaniyer3383]

Absolutely amazing stuff. Thanks to Ruchir.

[@gdahima]

This Ruchir talks too much way from the reality of India: which has the most poorest, hungry and impoverished people in world

[@balajiraju4157]

We don't have natural resources like china and other countries have and we are socialist back then... Atleast we are improving noe...don't always whine and first analyse the problem we are facing and compare with other countries.

[@saminathanr1462]

Wonderful conversation thanks to Ruchir Sharma , Prannoy Roy and NDTV

[@colinl8113]

🇮🇳 India shines from hereon , research gives more confidence things going right way

[@apurbabhattacharjee6251]

Excellent discussions. I learnt so many new things today. Thank you.

[@abhiagarwal7171]

62,65 and 71 wars aggravated financial ruin apart from policy issues and it made politics more populistic in terms of socialism. Gareebi Hatao, Jai Jawan Jai Kisan Slogans were reflective of the dire economic situations at that time which coupled with democratic compulsions led to hardcore welfare programs even when the govt didn't have the capacity to do so. Also limited resources decreases bureaucratic morale and breeds more corruption and hence the large leakages. One of major reasons of slow growth in India was political freedom before economic freedom and presence of adversaries on our borders which others didn't have. I think we have to make peace with our situation now.

[@SaurabhKumar-ej5kw]

Simply brilliant👍👍👍

[@govindsinghshekhawat2307]

this is the best example why india needs privatisation.

[@premdasdutta8125]

Dates are gold mines. Such crucial introspection are necessary to assess our actual strength and weakness.

[@kirtijain13]

I believe RS's evaluation is largely theory and has very low empirical evidence. He predicted a bright future for Pakistan's economy in 2016 based on growth in working age population there. Look where Pakistan economy is today ! He consistently under-rates / under estimates the achievements and long term benefits linked to the various policies of the current Indian government.

[@maximahoro8970]

Kite flying in Fantasy Land does NOT behove an Economist with the reputation of Dr-Prannoy-Roy. I wish he would do something to correct that, since it impacts his stature. Jai-Hind Jai-Bheem Jai-Bhaarat.

[@ganeshchelliah4838]

Very much thanks Prannoy Sir. Since 25 years i am your student

[@dungaribateka]

Very very insightful! Thank you. It seems Prannoy has read Kishore Mahbubani's piece!

[@apurvavaidya12]

I think India will grow around 6 -6.5% this decade in real terms i.e around 9-10% in nominal terms so our per capita income which is 2200$ now will be 4400$ around the end of this decade of 2031-2032. When it comes to PPP per capita which is around 8500$ that will take time.

[@jamesstalon1117]

but rest of the world also will grow

[@aniljagruth7664]

Big thanks to Ruchir,grt insights with data,more realistic foresee...tkx

[@chanduprajan5436]

So insightful interview. Thank you so much.

[@mastergluex]

Ruchir Sharma is discussing the low throughput of inter-state migration in India 2nd tier and 3rd tier cities compared to China. The recent Bangalore Rain, water logging, flood, and human-made disaster has surfaced the corruption in civic bodies yet again like other equally poorly managed metropolitan cities in India. This is followed by a chorus against outsiders by the native Bangaloreans for criticizing the system. The IT workers and migrants are living in the IT corridor. IT migrants' day-to-day challenges are very different from native Bangalorean living in old Bengaluru. It has been 25 years since the migration of IT workers to Bangalore is going on from all around India. The kids of the IT workers have all grown up that moved to Bangalore 20 years back. They'll be joining the next-generation workforce in IT companies and other sectors. The kids of state migrants born and brought up in Bangalore relate to the place more than anywhere else. They can't relate to their native in another state which they may visit occasionally during vacation for a few days. Bengaluru needs a cosmopolitan political class that includes politicians from other states to look after the welfare of state migrants. The neighboring states like Kerala, Tamil Nadu, Andhra Pradesh, and Maharashtra have indirect political participation in the political class of Bangalore. The northern and eastern states of India need to grow their participation in Bangalore and Karnataka politics for the welfare of the generational migrants. Instead of a direct approach to the problem of migration, we must take a roundabout considering the motivation of different stakeholders in the ecosystem that will establish a sustainable system. Corruption in politics by politicians has been happening since the dawn of politics so let us not be ignorant and rather acknowledge the hard truth of political science. Bruhat Bengaluru Mahanagara Palike (BBMP) politicians like every other politician have one unofficial job to do corruption and escape unnoticeably but they messed it up as everything was exposed. Politicians are becoming predictable such that the media can speculate too. Politicians must think big, think creatively, and get out of their comfort zone. How would it be that another state's politician joins BBMP with the motive to siphon off funds of BBMP to other states and vice versa? This will establish interstate political harmony with a pan-India shared objective promoting inter-state migration. Also, such a piece of news will make headlines putting a meal on the plate of journalists and stand-up comedians. Dark age of politics with politicians being exposed red-handed. Remember, if you are not the biggest fish in the pond then the biggest fish will eat you in politics.

[@kalpeshpatil3869]

Sounds Good to see this program an absolute unbiased …pranav roy is a gem even though i don’t agree with his channel on most of the issue