The next decade belongs to Bharat | Insights by Neelkanth Mishra | WMG Bharatnomics

Neelkanth Mishra, Chief economist, Axis Bank, MD & Head of Global Research, Axis Capital, and Part-time Chairperson of UIDAI, delivered an insightful talk at WMG Bharatnomics on the challenges and opportunities to achieve Vikisit Bharat 2047.
Key highlights from his talk:
- Inherent challenge of rising inequality during early economic development stages, citing economic theories by Arthur Lewis and Simon Kuznets, and the political pressures this inequality can create in a democratic society.
- Need for substantial urban infrastructure reforms and the creation of intellectual property and brands.
- Importance of adapting industrial policies to foster innovation and growth.
- Call for structural government changes to streamline energy policies and emphasized the critical need for India to secure affordable energy sources for sustained growth.
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Neelkanth Mishra is the Chief Economist at Axis Bank, Managing Director and Head of Global Research at Axis Capital, and Part-time Chairperson of the Unique Identification Authority of India (UIDAI). With extensive experience in economic strategy and research, he is a prominent voice in financial and policy circles. His work focuses on economic growth, demographic transitions, and the development of digital infrastructure in India. He has been instrumental in shaping economic policies and strategies to drive India's growth and development. The WMG Group was honoured to host him at the Bharatnomics event.
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Bharatnomics features thought-provoking talks by accomplished speakers and industry leaders. Witness esteemed speakers unravel the intricacies of applied Vedanta, economics, policies, leadership, history, conservation, wildlife, and more. The series aims to foster a community of curious minds seeking wisdom from an eclectic blend of disciplines, providing an engaging and insightful experience for viewers.
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The WMG Group is a distinguished leader in managing wealth of 1,000+ clients, delivering insurance & risk advisory to 450 corporate clients, fostering a community of 950+ CFOs, and supporting community projects like wildlife conservation and fort restoration.
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#viksitbharat2047 #IndiaEconomicGrowth #NeelkanthMishra #WMGBharatnomics #EconomicDevelopment #DemographicTransition #UrbanInfrastructure #Innovation #IntellectualProperty #EnergyPolicy #IndiaStrategy #bharatnomics #wmggroup

[@thomashunter5645]

I am enjoying this video from the USA. It is good to know that the Govt of India has advisors who are intelligent, knowledgeable, and think logically. Hopefully, the bureaucracy will become less corrupt and more efficient.

[@vipuls5900]

But they are not listened to so nothing happens much. Rest assured. Gyaan is okay for youtube

[@callahanlyons3938]

Naaaaah . Not happening 😂

[@eyeamraj]

Not in western style democracy; impossible

[@shankerpai5052]

"..Owning own brands. Developing technologies. " NEELKANT MISHRA

[@Samxplore]

😊😊😊😊😊😊

[@dilipsave428]

A very insightful analysis of Bharat's strengths and challenges. Delighted to listen to your thought provoking talk. The early we take note and address the challenges, the faster we achieve a decent 'livable' per capita income for our large lower and middle class. 👍

[@rolapack]

Tremendous knowledge imparted to laymen like me. Thank youuuu Mr. Neelkanth & the organisers.

[@NiteshKumar-ue1yp]

I take some solace in the fact that atleast people like Neelkanth and Sanjiv Sanyal are positions where they can make some difference. Hopefully consensus building will accelerate due to the social media platforms like Twitter and KZbin. When growth happens, everyone gets richer, it's just that some people get richer than the others.

[@SKSEHAL1965]

I share the view.

[@vipuls5900]

But nothing happens else we would have not seem unemployment the way it is

[@harmindersingh19]

​@@vipuls5900u can't say nothing is happening only few smart ones are grabbing the bigger piece of cake

[@rakeshkatarey6067]

It is because of people like Sanyal that we are in the current mess

[@shankerpai5052]

See the Local train travel.. 1) the trains have a indicator which station is coming , 2) it shows which side the प्लॅटफॉर्म is while getting down 3) the tells in a human voice which rly station is coming. 4) many Railway station have elevators for सिनियर cituzens ... etc etc etc

[@TheAshwatth]

Bharat will always be in challenging mode no matter what improvements has been taken until it get rid off caste discrimination and policies and votes around it. Problem is with the public and not with politicians

[@iSanjit1996]

Yes i do agree with your😂😂 point view politician are not born corrupt it's the the corrupt voter who voted and elected the undeserving candidate ,who promises them to give freebees for next 5 years and then they will cry ,crib and complain he is corrupt like kejriwal is to Delhi 😂😂

[@shankerpai5052]

Capital -... Need to define...capital..( we can say... Idle resource is also a capital as this idle resource can be converted into capital.....? ) A great presentation... Neelkant Mishra... questions and leads you to the answers..

[@user-cu2jn2eu3t]

Good presentation but the title of the video is misleading. He does not claim that the next decade belongs to India.

[@patrioticindian57]

Very realistic scenario building. Hope leaders who keep spouting slogans and jumla should also listen to this carefully.

[@shankar167]

What a talk! Enjoyed.

[@Dream_display]

Saw him on Mukesh Bansal’s podcast. I am not an economist but his analysis is very interesting

[@guharup]

Excellent talk. So pertinent. Must watch by all Indians.

[@sanjeevnayyar7063]

Very good. Agriculture needs to be concurrent list.

[@sivakumarnair326]

Excellent presentation. Thank u Mishra Saab

[@hanumanthji]

How do you get there? Bridges are collapsing, newly built roads are caving in, airport roofs are collapsing?

[@harshvardhansharma7309]

The facts and figure are explained in very lucid language and humbleness… thanks

[@rakeshkatarey6067]

What are these facvts? What figures have been mentioned. The RBI figures on employment claims that 2cr jobs were created during covid. Indians are done being bull shitted over

[@arunsar7893]

30:00 He is talking about "Mayoral Cities" with devolution of power from State to Cities. No one is doing this. No one is even talking about this. BJP doesn't even have this on it's agenda. It could devolve power in States like Gujarat where it has been in power for so long. But they aren't doing it.

[@atishbhattacharya3473]

India is a country with a bright future but the future never comes. The future world is the world of AI & Robotics. What I'm seeing is We're again becoming wage workers of western companies, now in form of data centers. OpenAI was started with less money Ambani is spending on his son's wedding, so money is not an issue. If true innovation happens in india foreign investors will flock to us, but we are fundamentally a country that doesn't create, innovate and think.

[@sukhiswain]

Superb talk covering many aspects of macro-economics and what I appreciate more is the strong criticism of some evils present in the system.

[@premanandgovindarajulu9001]

It's a very encouraging subjects for the next generation We need to be jerked to transform to ensure that we take cautious thinking of the future ahead.

[@Rahu5457]

Thank you

[@PseudoProphet]

30:12 it is already being solved. Dharavi will be an example that will generate consensus.

[@alexi2460]

Maybe they can get just 10% of people out of poverty and encourage some one decade of small size families. Do like Singapore over 2 kids unless farmer families.

[@BpositiveDoctor]

Great❤❤

[@ghanvedsingh8946]

Good afternoon sir we can definitely grow more faster than ten percent but with out aatm nirbhar bharat in critical technology we can not do that so what is the solution of that?

[@rahulthakare7759]

He should be made CEA

[@sujitdsouza]

Great demeanour. Not the typical in your face "Mohandas Pai" kinds. Although nothing new was said, just different terminology.

[@docmaulek]

The whole country is fighting for caste and reservations and we are looking for growth. It’s impossible

[@ghanvedsingh8946]

No they want opportunities for them and you oppose because you also want more opportunities so everyone is opportunistic

[@docmaulek]

@@ghanvedsingh8946 I want opportunities for those who deserve in backward class. Half of those who get benefits are already well to do and deserving backward class candidates miss the opportunity. I am not saying for equitable opportunity for all in this country as that will be not correct on my part.

[@sreekumarpai6665]

When the capital supply is excess, in any Economy, the cost of services,goods will go up.

[@nookaraju5352]

Sir Neelkanth;sir Sanjay Sanyal as prime minister has no family you both advise firstly one family cannot hold Mp position beyond 10 years secondly impose reasonable corporate tax on corporations on par with personal income tax ,since in last 10 years corporates gained more money than any contemporary country in the world or alternatively impose inheritance tax in india prof (Dr) mallanookaraju SoL cutm. Bhuvaneswar ( personal view)

[@eyeamraj]

The lords and princes have been replaced by modern CEO of corporations; nothing has changed since disappearance of feudal system

[@RichardHicks-sv9vk]

But he is very clever

[@shankerpai5052]

Capital -... Need to define...capital..( we can say... Idle resource is also a capital as this idle resource can be converted into capital.....? )

[@chandrakantdoshi4123]

Ha, Ha, Ha. Dream

[@rakeshkatarey6067]

Bharat belongs to 1.4 billion Indians not a small coterie ruling it. It's disheartening to know that the new elite class on the top in India are so dismissive of the massive inequality, unprecedented unemployment and humongous corruption that they wish Indians to now accept as something "natural" or organic to high growth. The new elite fail to account for the fact that a massive majority of common Indians may themselves have no will or intention to continue to work to build the dream nation of a 2% elite, that snubs them, has no place for their aspiration and has always kicked them on the face once they've served the purpose the elite so relentlessly pursues? Why should 90%Indians consent to build something that's going to throw them under the bus as the few corporate classes have always done? Why is it expected only of the poor to make all the sacrifices just to work for the dream of such an insensitive elite?

[@smeety26]

All rate of birth only works for a particular section but not for all.. It's same

[@pc_814]

Bharat - We need bipartisan agreement about solving urban infrastructure. We are for so long lacking good convenient infrastructure which is not a burden on ppl living in cities. #AAP needs to stop playing victim for Delhi to grow #TMC need to work selflessly for the development of Kolkata #BJP need to work with opposition and other stakeholders and being them together for greater good. #Congress need to start pushing good leader instead of a family politics for better bharat. I request all political parties to fix municipal system so cities can develop properly

[@mmjpune]

The demographic piece has been flogged around since the past two decades. However, some of the other parts were interesting. Some logic, some common sense and some hyperbole. May have sounded good to the ears of the uninitiated....

[@noone-cy7ze]

Nothing is going to happen. People are struggling for basic needs and employment. Please be prepared for everything all of this is false hope

[@satpaldahiya-vi9dw]

Have been hearing such stories for the last 7-8 decades-- Next decades belongs to India. Nothing is farthest from the truth. We are where we were in 1950 in relative terms to developed countries. For some people it's good time. Rest it's misery

[@sudhinalavil]

😂

[@rocking1313]

Look at the infra in Indian cities and the price of a flat in these cities !

[@rajeshviliyakath5788]

Yea. Compare the few great things outside to worst lot in our country means no progress for 50 years!! Mindsets are impossible to change!!!

[@vishwas1868]

i live in europe and i can tell it is rapidly racing to the bottom here with all this abrahamic driven philosophy .Bharat is finally rising again, Kalki 2030

[@eyeamraj]

China under party dictatorship has progressed and beats western standards India under Gandhi and 12 parties is where it started 75 years ago

[@darkprince2490]

another US centric fellow

[@EdmundLam-ku8ro]

The next decade belong to Bar-rat 😂😂😂😢😮

[@guharup]

No to kat mols and their pets

[@bharatc.sampat6406]

Hogwash hyper imaginative

[@manan1106]

Please dont talk this BS , just because you have a mouth piece and supported by few wealthy individuals....there will never be Indias decade...don't fool the public

[@guharup]

Ok katmol