[Q&A] New Economics For A New India | Sanjeev Sanyal | SangamTalks

Watch The Full Talk Here : • New Economics For A Ne...
The story of India’s economy under the Nehruvian socialist framework has been a stunted one. Afflicted with License Raj, political patronage and crony favoritism, the Indian economy functioned largely as a political economy that bred an ecosystem of corruption and economic stagnation for nearly four decades after Independence. Even as the country slowly disentangled itself from the outdated crony socialist system by way of liberalization and economic reforms in the 90s, it reeled under massive surges in inflation and an out-of-control fiscal deficit despite a healthy growth-rate in the decade before 2014.
It is only now, under the visionary leadership of Narendra Modi, that the story of India’s economy is showing signs of a tectonic shift. As India surges ahead on the developmental fast track, the willingness to take risks, the proclivity for out-of-the-box solutions and the ‘can-do’ approach of the Modi government is making the world sit up and take notice.
Noted economist, author and environmentalist, Sanjeev Sanyal spells out his idea of leveraging the Indian economy into one based on social churn, reforms, innovation, risk-taking and most importantly, a framework grounded in the application and imposition of rules.
He elaborates on how fundamental changes like reforming the complex and indirect tax system, regulating inflation control thereby bringing down the Cost of Capital and strengthening manufacturing, reining in the fiscal deficit as well as boosting infrastructural expansion, are practicable only by introducing structural frameworks of governance that will not only maximize governance but pave the way for long-term economic development.
About The Speaker : Sanjeev Sanyal is an Indian economist, writer, environmentalist, and urban theorist. Currently, he is the Principal Economic Adviser in the Ministry of Finance, Government of India. A Rhodes Scholar and Eisenhower Fellow, he was named "Young Global Leader 2010" by the World Economic Forum at Davos.
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[@naren2k6]

Jai Shivaji Jai Bhavani. One of the Greatest Warrior Kings in Indian History, he was Political Islams worst nightmare, it was under Shivaji and the Maratha Empire that the Mughal Empire cracked and crashed. Jai Hind. 👌🏼🇮🇳

[@parimalakurdukar9767]

And Chatrapati Sambaji he too is as important as shivaji

[@tushkoli]

Not in India, the world.... There is no example in World History to What Shivaji did! Shivaji was greater than Alexander and Napoleon Bonaparte put together....

[@abhishekkrishna3902]

Sri Krishna Devaraya says Hi

[@shikharverma7833]

@@tushkoli But sadly Indian books will never teach about legends like Shivaji, Ahom Dynasty & Maharana Pratap 😒

[@tushkoli]

@@shikharverma7833 Yes, I know. That is because We have not taken control of our history. History of India is told through the lens of foreigners, rather than Indians themselves. India's' regional history is vast and far more interesting than European History or any other history in the World. Our Indian scholars / historians need to break up the mould imposed on them by European colonial mindset and write our own history the way it really is.

[@raydendenko5260]

Why isn't this guy more famous ? Edit : Those who have instantly associated him with labels like bigot/revivalist/sanghi etc just because he talks about the need for cultural power projection could check out his response to the communal insecurity-derived question at 46:07.

[@tstanmoysamanta]

He is very well known,you just found out....listen to his lectures about the books he wrote

[@TheHellogs4444]

He's not a politician, as you say. An economist, an intellectual and therefore lower number of people find him worth their time, and he has low incentive to increase his viewership unlike a politician

[@mallianumula]

Yes he is not so much famous , but well known person in economics area. He worked in SG if I am not wrong, 2014 BJP gov brought him into Indian gov. He has written many books also. One nice talk btw him nd Sadguru is good..u can check..he will be in gov as long as bjp gov in..he is so passionate on changes in India...one worst thing i come to know from his talknis, mumbai metro line running which built by british 100 years back..u can imagine how congress gov standard ..luckly we had good PMs from congress also like PV and Manmohan...else we might have worst place

[@sappyab90]

Well he is none other than Sanjeev Sanyal, Grand son Sachindranath Sanyal. He is without a doubt one of the finest minds in current INDIA.

[@kiranp551]

Besides building iconic statues, please rehabilitate ancient ruined temples using funds and share from current rich temples and businesses. Keep up the good work.

[@prakritivarma2503]

I don't think u know but all temple money is used by govt and they are misusing it in other activity, search youtube talk by j sai deepak about freeing temple then u will know

[@kireeti93]

@@prakritivarma2503 I think the BJP government will free the temples but maybe not in this term. Because we need very passionate and dedicated heads and grown men to take of these temples in the right way. Otherwise, it could end up becoming a bigger nightmare.

[@kiranp551]

Please start developing course materials for grades 1 to 12, centered around Indian narrative. Some parents can teach kids during holidays. This process will help implement at a national level. One generation has to go through dual learning (current and future system).

[@muditf5208]

absolutely.

[@harshavandu]

No need for dual learning, we only need textbooks in local languages. Then all parents can teach using those textbooks because they can read those by themselves.

[@neerajbhardwaj6073]

Abki baar phir Modi sarkar....

[@MrSirAussie]

VERY VIBRANT & UPLIFTING....awesome body of knowledge in town planning, population, education, fiscal & economic, social engineering, criminal justice system etc....time to twerk, discard outdated/obsolete laws, implement and enforce VIBRANT, PROGRESSIVE, SUSTAINABLE & ECO FRIENDLY laws in every aspects of our lives....also we need proactive stealth detectives to trap, punish & fine the abusers of laws and also those who circumvent the laws...WE NEED TRANSFORMATIONAL DISRUPTIVE CHANGE SOONER.

[@mohitaggarwal7583]

Chandigarh is a waste city in terms of productivity and economy. Urban planning needs to be decoupled with socialist philosophy

[@tstcikhthys]

@Dark Tron Lol Gurugram is the poster child of laissez-faire, chaotic urbanization gone utterly wrong. It's more like Gurugram Pvt. Ltd. Exactly the opposite of what should happen. Yes, there are many companies posted there giving it name recognition, but that's despite the governmental situation, not because of it.

[@newsboosters4902]

with roads being as dirty as they are (and street dogs running around) and the behavior of the personnel in the unorganized tourism sector being what it is, its not surprising that India does not get too many tourists.

[@JAI.PANJAA]

you are still living in 2014

[@ven657]

Ayushman Bharat should be given to the next layers at a price. 5 crore bpl families free, next 10 crore at 5000/- per year. Surplus could be used for improving existing govt hospitals and creating new ones. Preferably in smaller or periferal area where the cost of acquiring land is low. Connect with world class transport. Attach all of them with low cost hotels for patient families. Medical tourism.

[@kanishkamishra4804]

Brilliant idea 😍😍😍

[@Motivation-qf5gg]

Venkat K awesome idea. Every initiative of this current government is simply an enabler a catalyst for explosive growth. The seed for more. Your line of thinking shows how this ayushman bharat is soo much more this is the way to creating endless jobs. We don’t need to all make mobile phones !!

[@Unknown-sh8kw]

How we can become trade surplus when we import 80% oil needs?? The more we grow the more energy we will need ? Not sure why govt can't replace all public buses with Electric Bus and cut ticket price by 25-50% so people start using it more & more, use hydrogen for heavy truck for goods transport, use 20% ethanol in oil.

[@mallianumula]

Not easy, big guys sitting on top of the head means big oil companies. Example now we started importing oil from US, US is big IT market for India, like wise other countries , they are allowing our human resource to work there. This will happen but take time , slowly it will happen.

[@YashKansalx]

Electric isn’t efficient We need thorium

[@micky9887]

This is true . Taking off from Chatrapati Shiva Ji Airport and landing to JKF New York. It was awful . My first visit outside of India and in USA. It was shocking!!!

[@arun.a.mudaliar5847]

Its required to build a sense of nationalism to peoples mind which they forgot. Nationalism is very necessary for nation building...Without the sense of love for nation....capable personalities and leaders wont rise for the better cause of this nation.

[@RobinSharmaRobinSharma]

Is this judicial system (a colonial hangover) even appropriate for Bharat? Luminaries like Gurumurthy ji have argued many times that our Judicial/ legal system is actually extremely hostile and antithetical to our society, our culture and our way of life. Cases like Sabarimala and Ram Mandir abound. Is adding more judges really the solution? It does not need a PhD to understand that the Judiciary is the _most_ corrupt and inefficient body in the country. The collegium etc are just symptoms of a much deeper rot. So, rather than these incremental changes, do we need a serious rethink of the entire system itself?

[@rishabnagar6733]

Yes we do. Starting from the foundation itself, common law jurisprudence.

[@rishabnagar6733]

Legal thought in our own native languages. Language has a primary role to play in the legal system. One needs to understand that before any kind of reform is undertaken. Infrastructure expenditure won't solve the issue.

[@kireeti93]

@@rishabnagar6733 Legal thought in own language is certainly an interesting Idea. Most common people don't understand these law terms and can be easily fooled around.

[@rish5571]

Very Nice...sanjeev bhai....👍👍👍

[@Rajiv14121957]

It's heart winning episode. A bureaucrat coming of the Bureaucratic cocoon and enthusiastically proposing out of box thinking. He also should endeavour the legal and red-tapism existing.

[@shikhermahajan3190]

Very insightful 👏

[@luckyanand8316]

Only Modi

[@kingshukjana5351]

Very true sir.....

[@appujosephjose6129]

Very interesting.

[@kdas996]

Thanks sir...Everytime we have the privilege of listening to your speech...we learn something new... " Fat Black" is the new word

[@vasukinagabhushan]

India should listen more to brilliant and patriotic intellectuals and leaders like Sankrant Sanu and Sanjeev Sanyal.

[@dhulipalaj]

Think think think ..... Not one or few ..... Encourage everyone to think and implement .....

[@sudheeraggarwal570]

Fantastic personality

[@praveenrai6965]

SS tactfully deflected the last question and it is only fair that he refused to address it as he is part of the government. Only solution for the rising "population differential" between the two major religions in India, which ultimately could destabilize the nation due to potential "clash of civilization", is to refuse welfare benefits/subsidies to families with more than two children. Reform NGO sector, charity organizations that offer freebies etc., to strictly adhere to this gov policy. Communities that refuse to play by the rules have to feel the pain. Moreover, create awareness among women on the benefit of raising a small family where children have better future in terms of education, health and economic opportunities; drive home the point about lost opportunities when there are more people to feed with fewer resources. Gather intelligence & inflict damaging penalties (high level of deterrence) on religious leaders who encourage their followers to increase the head count with a sole intention of changing the demographic dynamics like they have done in many other countries resulting in complete annihilation of native cultures. Someone has to send a clear message: in the name of secularism, no one will be allowed to destroy this highly inclusive, plural dharmic civilization. Nature needs diversity of practices, ideas, paths to evolve; evolution requires that creative impulse that emerges when there is beautiful chaos born out of diversity. Homogenizing forces that try to impose one set of dogmatic tenets based on ONE book will ruin human evolution. It will only lead to dictatorship and loss of all liberties. Indian leadership has to quickly recognize this and act decisively.

[@ska4666]

Your idea still needs more refinement, Could u plz!! re-write your ideas by points.... I'll gladly add to your policies, on which most can agree.. 😅

[@vedicindian5333]

Need to invest heavily in Nuclear and renewable energy. We need massive amounts of energy to overhaul the nation from things like: Economy, City planning, agriculture, Science and Technology achievements, etc.

[@damizim1]

True.

[@mallianumula]

If TDP was won in Andhra, we might have seen one more best Urban city in India. Sadly BJP messed up for their own agenda. Even I support bjp, Andhra they messed up.

[@kireeti93]

TDP and BJP hate each other and goes way back. I don't think it is just about their agenda. But I certainly hope TDP will come back in power and somehow both the parties will figure out a way to function together and develop a capital which is already due.

[@mallianumula]

@@kireeti93 I do not think TDP come to power again until 20 years atleast..even they come , they can only part of gov, not with full majority..2014 lucky for them..TDP leaders r not strong enough to support.. now everything business..

[@kireeti93]

@@mallianumula Why do you think so? Who do you think will capture the majority?

[@SumanPatel-rz4jm]

We must acknowledge the GREAT LEADERS

[@bullseye6969]

Those who raise Questions and are against building Statues of Idols, building temple never played games like Age of Empire. they don't know how Civilisations Rise and works and how Crucial and Important to know our History and have right Idols in Peoples life. so then next time if someone argues with you ask them to play Civilisation based Strategy games and ask them to think about it as they are building those Countries and Civilisations as India.

[@lucarioAK]

History is important for a person to develop his identity and sense of belonging to a society and for others outside the society to adopt it. However, history can be found out by merely examining a house, coinage, weapons and places of burial. Statues I believe don't teach much about the culture of the people but merely about the few higher up in the society.

[@guleriab]

Thanx. you asked question i wanted a answer to from this Government. This government failed in Education area. My elder son who got to 6th standard, will now end up reading crooked History and still he did not address the problem.

[@kannadakarthik]

Removing people from growing food is perhaps a very bad idea. Rural income is not just money. How about thinking along the lines of lifestyle, dignity of labor ? Ultimately, one cannot just eat money, money cannot bring us soldiers, skill and eventually character!

[@Vdk034]

You are right but I think we need less people to grow food but to grow in larger area, agricultural production need to increase substantially with respect to per head . But this will need large capital and machinery as well.( Commenting just for the food part.

[@guleriab]

since governments want citizen to be dependent on state. the worst impacted is Farmers and agriculture. Indian civilisation got agriculture very early so we need to preserve it in people. not with Monsanto, Du Pont and Govt Universities controlling seeds and fertilisers. Presently our top soil is turned into sand by Fertilisers and pesticides. i wont give up agriculture/animals husbandry, will return to it after retirement.

[@SohamBhattacharya3105]

Do you know that India is a food surplus nation? That means that we produce more food every year than we consume. So the problem that was present during the 60s and 70s of India not producing enough food to feed it's people is no longer the case. So if producing food crops is not going to make any more money for people, then it is natural to upgrade their skills and move them into different job sectors.

[@citisamsjw5513]

Green house grow the best medical marijuana 😎🇮🇳🇺🇸

[@tstcikhthys]

I don't think you realize that most of the people that are in agriculture today were forced into it in the British era when their original professions/talents/skills were stemmed. E.g., handloom weavers, artisans, shipbuilders, etc. Look at any survey of rural populations, and a majority say that they would leave agriculture if better (or really any) opportunity presented itself. Most people don't give two shits about the "lifestyle and dignity of [labour]" in agriculture. The people who remain after that transition should be the people who should be made more productive (for which there is a scope of 13x improvement by conservative estimates) so that they can feed the entire country and so that it would be a win-win for everyone.

[@TheHellogs4444]

Feedback/Request: upload whole video and use timestamps to delineate Q&A. For example Lex Freidman's podcasts use this. Instead of two videos, one session is one video.

[@akshat5284]

❤️

[@sahajization]

Which ministry would it suit for Sanjeev Sanyal????

[@ps5606]

You know Why we need these big statues is to Regain the lost pride of Indians and that is the most important thing in today’s India that will give the confidence to the current generation and that will alsoStop the mad rush of Indians to foreign countries and for foreign things

[@rupakmahto2095]

The important thing required to be done is to improve education to a great extent for every level of society.

[@surendarvijay2520]

Sanjeev is talking about walling off Universities that are within a city. Spare a thought for universities located in almost uninhabited locations far from the nearest city. To add to the pain, imagine students having to request passes, which would be offered only once a month, to venture out of campus. Yup, this is the story of how I graduated in Engineering from a prison near Coimbatore

[@kiranp551]

Digitalize all legal documents to expedite cases.

[@sriraj3043]

👍👍👍👍👍👍

[@kireeti93]

With this government, we are seeing people from the government talking about the issues actively and also bringing about policies changes etc. I would like someone who has first-hand experience from the UPA era of 2000 to 2014 to give some thoughts on whether there is some discourse and what was the discussions about.

[@srinivasanranganathan7159]

Everyone can ask questions because we only talk and find fault. We always feel everyone is robbing the country but we know not what we need to do. We elect a government but don’t allow it function. We want progress but will not allow roads to be built through our land. We want the government to provide water to all but will not allow the government to distribute the available water equitably leave alone intelligently. Are we a nation who want to progress at others cost? We are a nation that want others to do for me but I would do nothing for the others. No country develops with this mindset. We know things are going wrong all around but would do nothing to prevent it.

[@kireeti93]

That is because we all lack a sense of nationalism. I think this is because inherently everyone feels insecure about their position. People don't have any trust in the governments to allow it to say take the land at a subsidy or bother enough to fix the problems. This is why we should work towards making everyone feel inclusive and part of the country. We should have good government bodies working for people instead of taking bribes. When common man feels comfortable we will see a great shift in thinking.

[@jay19chandra77]

Sanjeev, when IIT -Kanpur was built, there was serious problem of dacoity, and couple of faculty -well known Chemistry professor- lost his eye sight. Those days the disparity of Kanpur city and IIT campus so leather, dacoits we’re freely destroying educational institutions like IIT! Hence the peripheral security wall! I hope Sanjeev gets this message! Alternative would be put up an IIT in the middle Mumbai city.

[@Paharimaanu]

Delhi metro is almost 2 decades old not 1 decade :) .

[@yushpi]

And still the best!

[@bhanuprakash1321]

Free our temples!!

[@theindian17]

Vote to modi and save india 🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳

[@ratnamurlidharan9885]

How can we even think of Nation building when most of the time in the last 70 years the politicians and people in power were busy building their own lives.

[@pulz1191]

Make 10 lane roads,. separate roads for bicycle, for bus. Also make wider footpath. Atleast 5 people be able to stand side by side on them.

[@ska4666]

He is right, that demographic catastrophe in context of communities is a very agitating topic, ....especially because a certain community gets offended too easily.

[@omprakashsingh-jy1bj]

If you do not have any idea how to control the population growth of the other community all your development efforts will come down to zero after 20 years or so as they take over length & breadth of India and bring it back to the 9th century Saudi Arabia.My advise is take whatever steps you can to address this problem.

[@Unknown-sh8kw]

We can deliver top notch education online with fraction of cost as internet is available most places,,

[@jigggro]

BAPS Swaminarayan building immense number of traditional stone carved temples. Like to think of it as spiritual infrastructure.

[@jigggro]

Darktron the two Akshardham’s and the one coming up in New Jersey will help stamp India’s status as a spiritual superpower.

[@jigggro]

@Darktron they have many gurukuls and pustakalayas

[@banditonehundred]

I hope the Government listens to this guy.

[@Paharimaanu]

We don’t have largest number of UNESCO world heritage sites Sanjeev ji. China has 52 followed by Italy . But yes, we can have atleast 100 such sites in different parts of our country but sadly we Indians are full of reluctance to do something for our heritage . We should change it definitely . :)

[@otomackena7610]

You are wrong.

[@Paharimaanu]

Altair ??? Then

[@otomackena7610]

@@Paharimaanu Because we have plenty of Heritage site that deserve UNESCO heritage tag but we don't value them neither are our govt very active in nominating please read this link qr.ae/TWTfnl qr.ae/TWTfhu

[@AshokJayanthi]

Implement one or two child policy for next 50 years. This is biggest gift we can give to world and our next generations

[@PoonamG108]

It would be interesting to know how population growth in India is now at replacement because Hindus only having 0-1 children ( we are on self destruct as need > 2.5 children to sustain your population) - so the rest of population growth is amongst our Peacefuls ( average 5-8 kids per couple)!

[@user-ie3qx1vo6y]

Statues need to be built but of someone who is much much more influencial, instead of statue of unity we should have built statues of Sri Rama or Shivaji Maharaj or Durga Mata

[@akshaykalwar9223]

The question need to be asked on the population based on religion. Afterall India is the only country in the world for hindus and recently we have seen hindus are minority in many states in India.

[@msgstoas]

Loved that woman at last, who is she

[@AmandeepSingh-cv5qz]

Ur mom

[@omprakashsingh-jy1bj]

When are you going to take up the Political Reforms and the population control Policy.

[@vve2059]

Haters will say Yogi Adityanath was not an urban planner😬😬🤫 Cities will be renamed to their real glory full past

[@thespiritualbackpacker8589]

NEP 2020 AA GYA!! I HOPE HISTORY GETS WRITTEN RIGHT FOR ONCE AND FOR ALL... HINDU HOLOCAUST AND BRITISH TORTURE MUST ALSO BE ADDED ALONG WITH THE RICH 4000-5000 YRS OLD HISTORY TILL NOW. AND MENTION 9500 YRS OLDEST ARCHAEOLOGICAL EVIDENCE FOUND AS OF TODAY. JAI HIND 🇮🇳

[@netaambani]

No

[@user-dy9vq2ex3r]

I voted for modi today

[@sujayraomandavilli4732]

Please be familiar with my work on Anthropological Economics

[@ArunPotdarLeo]

In spite of his extraordinary credentials, I agree with some observations and suggestions but I do not agree that we need to spend enormous amounts to create icons to project greatness of any country or societies. Money has to be spent on economic growth of all segments of population and not for the city dwellers alone. Statue of liberty was a gift from France and US did not built it to project her greatness. When non urban development is lagging so far behind and farmers end lives, there is no system of incubators for development of entrepreneurs, money is to be spent on building monuments makes no economical sense.

[@citisamsjw5513]

Add Sanskrit to educational institutions 😘make Bharath unstoppable 🇺🇸😎🇮🇳

[@vasukinagabhushan]

Sanyal boasts about the increase in aviation which has the largest carbon footprint. Instead, govt should quickly promote high speed rail networks.

[@jaswantsingh9287]

Like to see Sanjiv as national planner in BJP..

[@ashoks5317]

India being a poor country then all our Politicians/beaucrats should live in a hot but have toilets built at 35 lakhs.

[@kashpatel7955]

The last question was regarding the rate at which the muslim population is increasing which will change the demographic of the country ! and it would be a threat in maybe 100 years from now and need to look at it from now !

[@jaswantsingh9287]

Build simple homes with water electricity and toilets for the poor. Build hospitals and schools for the poor..Then think of statues for freedom fighters...

[@theybecameus]

Yogiji future Prime minister 🔥🚩💪✌️

[@mandy28887]

The buildings werent built because Brown Sahibs worshipped the old buildings.

[@chandanmoz8357]

Only hindu population is falling. Muslim population is growing stupendously in india

[@krithinpaturi7708]

His understanding of Agriculture sector in India is very poor.

[@AmandeepSingh-cv5qz]

Yes I felt the same

[@vaibhavkulkarni2371]

थोडा हिंदी में भी बोला जाओ यार।

[@vaibhavkulkarni2371]

@Darktron चिनी लगती हे।

[@av-xg8jw]

India is destined to become Islamic State

[@nirvanabliss73]

Sanjeev, your comments in this video at least need to be more thoughtful and less superficial. This is not at all expected from an intellectual who has put some rigour in analysis and that comes through when reading your books. When you justify a Shivaji statue and ignore the fact that so many of his forts, monuments and buildings associated with him are literally crumbling to dust out of apathy; your justification sounds hollow. Arguments have to be well-rounded

[@shubhamdubey9561]

It is better than building a madarasa ang Haj house

[@hariboolmahesh1886]

Hi dude why national talks in english??? Delete English from your systeem national issues. Otherwise the total Subcontinent 1.9 billion will still remain slave of the Great Barbarian!!!!Haribool

[@harisundarpillai7347]

Boring lecture

[@chetanmazire5373]

You can watch chota bheem

[@harisundarpillai7347]

@@chetanmazire5373 Is that so Chetan did you listen what did he said in the last about job creation & agriculture specially about agriculture he said is to move them out of agriculture & bring them to cities let me enlightened you more than 50% of our population is in agriculture & to move them out from agriculture & bring them cities for job as if cities is creating huge opportunities let me tell you according to NSSO 2002 - 2014 data only 1.5 crore created by giant corporate & Sanjeev is saying move them out of agriculture what jo they will get security guard job this is the most stupid thinking