Why Is No One Talking About India's Unorganised Sector? Economist Arun Kumar Explains | Neon Show

[@TheNeonShoww]

We are blown away by the response to the episode and grateful to everyone tuning in! We want to know from you, our viewers on the kind of guests you would like to see next on the Neon show. Please write their names down below!🙏🏾

[@hamzahafiz9322]

RBI governor

[@hamzahafiz9322]

RBI governor

[@darshantiwari205]

g20 sherpa amitab kant

[@counterpoint9260]

improve your knowledge first, dont just nod to what your guests say, start inviting guests like Arun Kumar for debates rather than listening to just one sided versions

[@nawathesuhas]

Any learned speaker who is unbiased

[@suriamurthy4486]

People have enough time to talk Cricket,Cinema, Religion not basic essential livelihood

[@hirenkg]

So very True

[@Caribbean15]

Exactly

[@endofwar059]

Why do you think that is the case

[@Neela_Madhaba_Panda_07]

​@@endofwar059 Because it's happening in real life until you are living in South Delhi or South Bombay.

[@Chopati66]

Right

[@pptalks5372]

3 Key takeaways 1) Increase the demand 2) Demand increases with more Jobs 3) TO generate Job, Invest on People growth Unfortunately all politicians are directly controlling these, unless we people create the demand indirectly, We can't improve, One full generation needs to sacrifice for this change.... How do we start that happening. Awesome Interview

[@TheNeonShoww]

Some very important takeaways indeed and thank you for sharing your thoughts with us! Glad you liked the interview and do let us know who you'd like to see next on the channel 🙏

[@pritammukherjee5113]

MSME units & Agriculters should Get more boost

[@deepakchoudhari4141]

उत्पादन मांग के अनुरूप हो। 2. उत्पादन अधिक से अधिक लोगों के द्वारा हो। 3. उत्पादन स्थानीय स्तर पर हो।

[@atulyasworld2799]

my brother did engineering but couldn't find job so he started preparing for government jobs, but due to paper leak, less vacancy, he could not find job there. So now he is unemployed since many years, and the father is farmer , he sold land for his engineering and now have loans to pay. Thats the reality of Indian middle class

[@rutvikrs]

"Elite overproduction"

[@tylert9875]

Lets be real here. He did not do engineering. He did engineering for jobs.

[@cooldharan]

Wasting time for government jobs could have been used in research. Govt is spending crores in worthless roads, but doesn't even encourage research or increase their education expenditure . The problem in India is a lot of people easily got govt jobs in 1950s until 2000s because of less graduates. Now population is increasing and parents can't expect their children to do the same thing and get job. World is in advanced phase and old tactics of getting job won't work and only high skilled people can manage the prosperity.

[@rutvikrs]

@cooldharan please, we don't have factories for mech engineers, materials science and chemical engineers, and you want PhDs which most economies find no use for? Your production base dictates the outcome not research budget. Who will take your research into a factory, foundry or shop?

[@cooldharan]

@@rutvikrs Unfortunately robots are eating manufacturing jobs and you can't start a manufacturing company now and expect big job creation with China dumping all their manufacturing into the world. Too much population doing some research is better than doing nothing or preparing for govt exam . Colleges just pass their students and push them out without skills. China has manufacturing because of high quality. Before a decade or two China products were not considered good but now almost all big companies have manufacturing in China because of skills. Colleges and Students in India have no Idea other than getting marks and getting passed . There are plenty of inefficiencies and almost every project in college is a copy paste

[@thomascherian1653]

This is an excellent interview which exposes the real problems facing the Indian economy.

[@Crazyboylondon]

These are the idiots who think that when they express their views in English ... they are the champions are intelligent But the most part of India does not understand English properly . That's why the knowledge and the details they are giving that should be given in Hindi

[@GGG-io1br]

70% of Indian wealth is belong to just 1% population which is alarming.

[@MrBiswaranjanRath]

It's a misconception that India's intellectual talent is unparalleled. Many of the successful CEOs from India honed their skills at top universities in the US. Had they stayed in India, they might have ended up in more average roles. As often highlighted, education is crucial. My advice to young people is to pursue higher education at the best universities globally and not restrict themselves to the resources available in India.

[@blessmewithlight]

Very true and when people from India leave India more jobs are available for people residing here so people are just thinking about brain drain but they don't see that we have such a massive population that it's effect is negligible

[@jagbeergill9962]

Thanks!

[@manikandangovindarajan8930]

Engineers are working as ola uber drivers and Swiggy Zomato delivery jobs They are working as loan collection agents etc...

[@santhoshkumar1000]

Most of them have degree but not skill

[@noize2sound]

@s.k.p.9158 Modi doesn't rule W Bengal, Tamil Nadu or Karnataka, if Modi is responsible for your unemployment then this is the high time you should move to some non Modi state & unlock your talent.

[@noize2sound]

@@santhoshkumar1000 True

[@santhoshkumar1000]

@s.k.p.9158 Then you can start a company and recruit all of them. It's a simple solution.

[@os-vp1hv]

​@@noize2sound0:05 modi ruled whole India. He is prime minister not chief minister. He is one responsible for demonetisation, gst, income tax etc.

[@beyou577]

Thanks

[@TheNeonShoww]

Thank you so much for tuning in! 🙏

[@jaisankarmishra5502]

Underrated podcast ❤

[@TheNeonShoww]

🙏🤍

[@hanamantmunnolli6381]

Thanks a lot for such an insightful podcast. People might say he is from JNU or socialist or leftist professor. He has given a lot of insights. We can't be stereotypic always before watching such episodes. Great work by "Neon Show". Any student of "Economics" or any concerned citizen will find many insights in this podcast, whether we fully agree or not with his viewpoint.

[@TheNeonShoww]

We really appreciate your kind words, and our hope was to leave such an effect on those watching the podcast, so this means a lot to us! Please let us know who you'd like to see next on the channel and we'll work hard to bring them on 🙏

[@hanamantmunnolli6381]

@@TheNeonShoww Ashok Gulati- agricultural economist, Madhav Gadgil- Ecologist, specially about his work on Western Ghats. I know they are octogenarians and difficult to invite them. However, I would like to see them on this podcast.. Thanks.

[@suppiahmurugesan8343]

The only valid suggestion from this gentleman is the urgent need to revamp the education system to suit the need of the 21st century and health. Get rid of income tax.

[@kingshukdutta2064]

but why would the government do that? keep people poor and uneducated and it becomes easier to control the vote bank.

[@MAR-lt7xo]

Seems you have not properly listened to what all he is saying based only on his 50 years of research, teaching, and practical experience . I personally feel that this dialogue is full of fresh ideas and wisdom. Anchor did a remarkable job by putting up the right questions and letting the gentleman speak more.

[@shubhamchande4360]

What economist Arun Kumar suggested is that the government needs to focus on the education, health and infrastructure of 50% of the vote bank of political parties that resides in villages and spend more on education , health specially on the unorganised economy that resides in villages. As a political party you just can't ignore the 80 cr population that is in unorganised. India will only become developed country if these 80 cr people are provided the best of best education, health, infrastructure . RIP to all those superstar investors who sell the India dream on news platforms. Frankly speaking you never cared enough for the country.

[@rutvikrs]

Even that is a hackneyed idea with zero details. We have invested more in education every year since independence but the result is always elite overproduction ie. Every generation has more unemployed Masters & PhD, unemployable engineers and 35yo never worked Exam enthusiasts.

[@rutvikrs]

​@@kingshukdutta2064because they will have more money & global influence? This trope is 70 years old now. This hypothesis isn't giving us any real world solutions and there is evidence to the contrary that education is a good business for every political outfit in India.

[@mithleshsah5642]

One of the best podcast on youtube

[@TheNeonShoww]

Thank you so much for the kind words and for tuning in! 🙏

[@tendrhurt]

Neon show should be challenging him rather than just nodding in agreement about everything he says.

[@scorpiosting2975]

Neon cannot question how does it support any business which it cannot bring out solid facts rather than generics.😮

[@tamaldutta1957]

Wasted 1 hr listening to this podcast. All problems and few utterly nonsense suggestions.

[@blankjohnson6934]

India is in a huge bubble ready to pop, he is right.

[@WolfTrader-lq9ws]

I wasted 50 mins listening to this nonsense as well

[@ASMRoomphfactor]

@@blankjohnson6934 very correct.

[@KarthikKoppala-n1f]

This is best and such a honest podacast i ever seen on indian economy

[@sudheerkumarme]

Unorganised sector also leads to growth of black economy

[@sudip_curiousmind]

The moment you add socialist tadka to economic policies, they become unhealthy.

[@sureshharinathbabu9717]

Yes gomuthra nagpur half knickers you are right

[@pavankumar-bb4ky]

Today organised sectors doing fake insolvency bank loan hair cuts not giving enough employment not investing in productive one investing in speculation businesses i

[@cooldharan]

Most black economy prevails because of organised corrupt govt officials. Just give huge money to youth who report corruption and jail the officials instead of suspending and remove them from jobs. It increases productivity and spending instead of few officials getting all wealth and hiding in homes ,being lazy and doing no spending .

[@ordinaryclass8508]

Because govrrnment are not doing enough for this sector.

[@AliHussainstar]

Mr.ArunKumar is one of the eminent economist of our time.He speaks candidly theriotically,his views on indian economy are guidlines to us,but our politicians give deaf ear.

[@rajeshgoyal1921]

Sir why do MBA. We in Delhi can't find carpenter, Plumber, Electrician who is competent enough to do a decent work. I paid 800 to plumber for 1.5 hour work . What is the level of B Com, M Com etc in our country, we all know .

[@mem1001953]

In the UK a plumber or an electrician charges 120 £ an hour.

[@rishiraaj.580]

Top Level Skilled Institute Should Be Opened. To Train Youths To Do Skilled Job. 👍

[@rishiraaj.580]

Mostly People From Poor Background Do These Kind Of Job - Electrician, Plumber, Carpenter Etc...

[@mem1001953]

@@rishiraaj.580 How rich are you sir? What job you do?

[@Nishandh_Mayiladan]

Possibly 70% Indian students are illiterate of basics of economics. They are lefteists, even when they are in right wing labels. They WILL NOT achieve anything but engaging in blame wars, and claiming victims.

[@US0726]

The clarity of thought he has and the way he explained in simplest terms is awesome

[@craval1000]

Economist saying black money is destroying economy on one side and saying unorganised sector needs boost isnt unorganised sector contribute to major cirruption by not paying tax

[@riteshsinghchoudhary115]

They mean the businesses which are in unorganised sector now need to grow. They are not against organising them.

[@Modiyogimodiyogimodi]

They don't pay tax is exactly why they need to be bought under regulation

[@thefunnyone9148]

At that level , no government involved is better as it creates less problems even if these people save something on tax they will spend it for consumption (boost to GDP), eg- an unorganised sector setup with ₹10-15Lpa revenue with 30% margin will earn ₹3-5 lakh/year or ₹30 to 40k per month so they are not liable for income tax but no paper work or govt involvement gives them freedom of work and flexibility. This makes them urban lower middle class. This is an over simplification but I hope this example shows unorganised sector doesn't mean corruption but is very much a part of our regular/ bigger economy or national GDP.

[@noize2sound]

*He is a scam, I know him very well. People like him know how to use articulated English & they know that Indians will be impressed with the english regardless of the content*

[@Neelinmact]

There is a difference between unorganised and unaccounted

[@koushiksarkar2809]

he wants to take india back to the 70s, 80s and 90s. my mother worked in a nationalised bank, thus i am more than acquainted with the working of these banks. i am witness to the improvement in banking infrastructure and transparency with the advent of technology. same thing applies to working of the post office services. human interference makes the system inefficient as was observed in the banks, post offices, and in LIC. if one asked a secondary LIC agent for any official help, they would decline to help unless one do these agents a favour by opening a new policy with them. i think this man has never faced such hassles of mundane life. i find his words delusional, as the policies he suggests have all been tried for decades without an ounce of success.

[@ygp47]

ask your mother how much stress there is now

[@gtgd_797]

​@@ygp47 😂😂 what stress? Bank employees apart from probably sales representatives are probably the most relaxed people, very little work plenty of holidays and fixed timings.

[@ygp47]

@@gtgd_797 not anymore .. too much pressure and too many people quitting

[@bossb7611]

​@@ygp47my uncle worked at $bi till 2007-8 he used to be home by 3.30pm, I worked in Indus!nd at 2019-21, even at 8.30-9pm I have to work

[@hirenkg]

@koushiksarkar2809 You are confusing yourself with privatization and implementation of technology with his core argument on ways to lift up 94% of people in unorganized sector. His point is empower unorganized sector - be it via technology skills, via cooperatives such as amul butter, via ensuring they get political voice, relieve them from demonetization and GST. Free Education thinking is so crucial to bring about technological prowess that Apple's of the world bring about. Even 5% of what was discussed in the podcast is implemented, India can take developed economies head on. No doubt about it.

[@shubhamchande4360]

This was enlightening. Will definitely read the book . Please listen to this podcast if you truly care for the country🇮🇳. A true patriot constructively criticise his/her country so that the country truly develops. A must watch for all Indians

[@TheNeonShoww]

Thank you so much for penning down your thoughts with us Shubham and we appreciate you tuning in 🙏

[@venkatesan1959]

he seems to be an arm chair Professor....on one side, he wants technology in agriculture also.. which will only reduce employment...his talk on GST is totally ill informed... before GST also, there were so many taxes with deep corruption at all levels right up to octroi or panchayat taxes... far away from realities

[@தமிழ்ராஜன்]

Your comment indicates you are ill-informed, You are confusing with GST / corruption and things which are not in his speech. He addresses large 'Unorganised sector' . All the street vendors, small producing and selling people are in crores in India. Unless their livelihood is improved, India cannot prosper.

[@sureshharinathbabu9717]

Yes gomuthra nagpur half knickers you are right

[@shamkulkarni1367]

He belongs to Pseudo intellectual

[@732anoop]

@@தமிழ்ராஜன்This is the same guy who used to give dooms day scenario of India for last 5 years

[@anshuecon]

@@732anoop There is a doomsday scenario for the bottom quintile of the population.

[@RohanRathod-kn3xj]

So Well Articulated and spitting Truth !!!

[@venkatesan1959]

one of the prime reasons for low level of tax payers base is because agriculture income is non taxable and crores are hiding their income as agriculture income..you can take Punjab for case study

[@தமிழ்ராஜன்]

Well, he is not addressing tax payers base. He is addressing the concerns of unorganised sector. On your point of taxing agri income - special reference to Punjab. Average income of Punjab farmer is Rs.26701= 3.2 Lakhs per annum is far below taxable income. It is possible very small percentage of farmers are rich above taxable slab, but they are very small. Inspite of Punjab being highest per family income in agriculture, lowest in Jharkhand/ Odisha with mere Rs.5000/- per month, 60,000/- per year - you want to tax them?? we were 60% agri dependent families in 1950s, stands are 40% agri income dependent families. In developed countries only 15% of population does farming which is sufficient to feed the entire country. Spend time reading Swaminathan Committee report to understand how agriculcure works in India and what transformation needed.

[@sudip_curiousmind]

​@@தமிழ்ராஜன்you are missing the fact that agri income tax exemption helps people who have agri connections but make ton of money from other sources evade taxes. Remember the controvery Amitabh Bacchan registering himself as farmer.

[@homosapienssapiens4848]

Every state should be taken into account.

[@umang-mulnivasi]

Daughter of Shahrukh kan is also a agriculture person.

[@MAR-lt7xo]

Is the agriculture income taxable in China? Is it not correct that agriculture sector is the most subsidised sector in USA and Europe? With agriculture income why you want to destroy the back bone of the economy in the aftermath of land reforms?

[@bharatmkj]

Interesting interview. Mr. Arun Kumar has very deep understanding of Indian economy. Experts like him should be in the planning of government policies and advisors to government.

[@TheNeonShoww]

Arun sir definitely has a very strong grasp of the development process in rural/urban areas and we are very grateful we could bring him on board. Thank you for sharing your thoughts with us!

[@subhashbhagwat7411]

JNU was representative of and flag carrier of the Nehruvian policies which kept India from developing its economic potential. Arun Kumar joined JNU in 1984. What was he doing in all those decades?

[@RameshKumar-lt5we]

Such guys like him are a problem and not part of the solution!

[@hemkeshyeole4630]

@@RameshKumar-lt5we i was legit type this

[@Volvo-f2y]

🤣🤣

[@gauravnathan5701]

useless perception and propaganda based nonsense

[@Rajakji99]

Lot of bots working for बीजेपी 😂 Accha h bewakoof janta party k liye

[@nv9991]

1) China implemented an internal visa system. People are not allowed to work anywhere they like. Will prof support such a movement by Maharashtra? 2) China forcefully moved people out to create well-planned SEZs cities. No market-fair compensations are paid. Will prof support such a government action? 3) China mercilessly forced a one-child policy. Will prof support such a government action? 4) China has horrible labor laws and pollution laws which helps in keeping cost-of-product low. Will prof support such a government action? 5) China built a huge road/railway network. This reduced the cost of goods transport drastically. Forceful land acquisition in China is not an issue. Will prof support such a government action? These guys quote China's growth without quoting specific actions China (Deng Xiaoping) implemented.

[@vanila2012]

All the points you brought out were true, but was 30+ years ago. Time has changed, if not mistaken people in China are free to move around except they have to register as statistical in future planning. The force move system no longer true, it already apply similar system use in Canada or Singapore acquisition via fair mkt price, except China come with further step for those refuse to sell, build around them. That Ywhy there are buildings or homes located in the middle of the highway...

[@AnkitYadav-hu2zd]

Your 3rd point is need of the hour.

[@RohanSingh-ru1wg]

​@@AnkitYadav-hu2zd1 child policy has drastically failed in china

[@RohanSingh-ru1wg]

People marrying nowadays are not having more than 2 kids. My relatives were married in 2018-19. Each have 1 child and not planning for other

[@OKEN1117]

Your perception of China is so outdated and this will misguide your judgments.

[@shindersamra4020]

Black economy is for politicians and businessman. No law passed against illegal restrictions because politicians are also in.

[@gokulparavoor6723]

I think anyone who doesn’t pay tax or pays minimal taxes compared to what they earn is part of the black economy. So anyone from your kirana wala to samosa wala contribute to the black economy, doctors to everyone who doesn’t give you a bill.

[@subhendudas2771]

Those who have grievances about the idea or analysis given here are either motivated or are ill digested about the subject matter. I would like to thank the anchor for presenting us with a vivid picture of the Indian economy..

[@PritiGhoshalMusic]

Our priority should not be just urbanization but strengthening the rural areas! agriculture transport, technology are the main requirements we need...we need to promote higher studies and opportunities here so that jobs are created here...well said

[@TheNeonShoww]

This is well articulated, and we appreciate you sharing your opinions on the matter as well. Thank you for being a regular commenter on our channel... we are grateful for the continued support! 🙏

[@soni_sahab_76]

In India,People in unorganized them doesn't want to be organized,not wanted to pay taxes,income tax & do business mostly in cash & they make huge amount of money

[@Neelinmact]

How much do you think unorganised workers earn ?

[@soni_sahab_76]

@@Neelinmact i am talking about business owners not workers

[@rajrani2251]

Totally agree with Arun Kumar about transforming education infrastructure and decolonization. He is accurate about Indians and India (as a nation) lacking the political will to transform. Chalta hai attitude predominates..that is not karma yogi.

[@subhashishdutta]

Too much talk of "we need to spend x percent of GDP". He should talk more about the efficiency of the spend .

[@tesrastark8276]

If you want effective efficiency in any work you have to spend on R&D.

[@ordinaryclass8508]

It is governmrnt duty to ensure that

[@Rajakji99]

Bhai tu bahut bara economist banega😊

[@dipanshunain7781]

Its there uncle

[@vikram1262]

Laurd lapakdas spotted

[@dr.mohitkumarpandit]

What a wonderful explanation. We require a PM like him who can add value to the nation.

[@RediffLallantop]

You are an fool haha

[@sudeepkanda]

i have listened to many podcasts on indian economy and read books on it but this is the best podcast with immense knowledge pouring out

[@TheNeonShoww]

Hey Sudeep, we really appreciate the kind words and are really glad you liked this episode so much. Do check out our other episodes that are equally engaging with guests who are experts at their craft! 🙏

[@VG-bf9cy]

Worst leftist economist who kept India poor from leftist policies of Congress that he supports giving us useless gyan

[@RajaMalhar]

During previous regimes in India, Engineering and medical College opened just like a street side revdi stall.

[@Jancan20]

Very eye opening, more people need to see this.

[@TheNeonShoww]

Really appreciate your kind words and we hope to continue to get your support in future episodes as well! 🤍

[@dbasannar]

Great information, glad to hear. Thank you so much Sir.

[@TheNeonShoww]

Thank you so much for tuning in and glad you liked the episode! 🙏

[@swadesranjanpaira5009]

This is really a great podcast.. Professor brought out critical and contrarian thoughts in best way possible ... We want more ...

[@TheNeonShoww]

Hey there, thank you so much for tuning in and sharing your kind words with us! We shall make sure to get Arun sir on the podcast for round 2 soon so stay tuned for further updates! 🙏

[@raghavendransrinivasan7496]

Thanks a lot for the eye opener interview!!

[@TheNeonShoww]

We appreciate you tuning in and glad you liked it! 🙏

[@RameshKumar-lt5we]

I have been in Bangalore for more than four decades. The biggest problem is we don’t have worker, a security guard gets around 15-20 K, the driver gets around 20-35 K, the house maid for three hours get about 6-8 K. This person is still in his old thought he needs to step out and see the world. Yes people are definitely ready to do anything to get a government job as they are more eager to get the bribe than anything else. This is my personal opinion.

[@gururaj6969]

I fully agree. It is not only the attraction of bribe but also the comfort of zero accountibility

[@ET-si7rl]

Yes sir

[@dipanshunain7781]

No iis not just bribe its more of social security and dignity

[@sanjayladge757]

You r correct.

[@surajthorat8721]

A very small portion of india lives in metro Cities....70 percent of India's population live in rular area... daily wage is below 100rs 😂 there is a famous quote in Hindi सावन के अंधे को सब हरा ही नजर आता हैं

[@VinayPandya-l2e]

🎉🎉🎉🎉🎉Respected sir, absolutely trueth you spoke i salute you totally with high honors 🎖 and Respect from my heart.

[@Lifelong-Vidyarthi]

There are hundreds of nuances in unorganised sector too, such farmers, micro entrepreneurs, contractors, money landers earning in crores, but it's very very easy to hide income in this sector, so private data might seems declining.

[@Lifelong-Vidyarthi]

But lots of things you're talking are on point, but still I'll prefer to see people's expenditure rather than tracking their income as tracking Income is not easy at all, but detailed expenditure tracking could be done.

[@AjayAjay-gz3oz]

Excellent... wide coverage of the situation in Bharat... whether one agrees or not... 👍👍👍👍

[@TheNeonShoww]

Glad you liked the episode and were able to gain some insights from it... Thank you so much for tuning in! 🙏

[@MrPharu500]

I think this gentleman’s data itself needs a peer review! And coming from JNU, I would treat his info with a huge pinch of salt. His protocols and data collection methods need to be reviewed before his analysis is wholly accepted!

[@Disha008]

Our current Finance minister and our current External affairs minister also studied in JNU, fyi.

[@Rajakji99]

Yea bot we know where u came frm a330

[@MrPharu500]

@@Rajakji99 asshole talk sense!

[@SoulRocketMan]

Andhbhakt spotted💩💩🤡🤡

[@pritamlaskar]

Yeah you have no constructive criticism. Keep choking on pollution

[@user-amrinbanushaikh]

Brilliant 👏 👏 👏 just blown my mind with his knowledge 👏 👌

[@TheNeonShoww]

Glad you enjoyed the episode and thank you for tuning in! 🙏

[@royenlawyer6045]

The guest has not given any data about how many neighborhood stores closed due to e-commerce. In my area (tier 1 city) neighborhood stores have actually grown.

[@rupindersingh7535]

Tu nahi samjhega re aandbhakt ke pille 😂😂😂

[@crea_tivemen]

VERY VALUABLE PODCAST FOR INDIAN ECONOMIC STUDENTS . THANKS. I WILL SHARE IT AS MUCH AS POSSIBLE

[@manujohn99]

Thank you so much for this interview 🙂👍👍👍

[@TheNeonShoww]

Hey Manu, we really appreciate you being a regular viewer of the channel and so glad you liked it! 🙏

[@rishabhjain5702]

Highly experienced and knowledgeable economist I have ever seen and listen in my whole life Huge respect ❤

[@MAR-lt7xo]

The guest is a good logical and analytically focused Ecomist. The current top to bottom and capital intensive approach to growth is directly coming from the West and the US. The suggested bottom-up approach is coming from PR of China and CCP where CCP and Chinese decision-makers have not increased the billionaires pollution of China but brought about 850 Million Chinese out of poverty. From this discussion, I concluded that having a large number of the billionaire population in a country is a curse for the majority of population and a direct indicator of the growth of poverty.

[@AgroPrawn1802]

You should look up how many Chinese billionaires there are. You should see stats on personal consumption in China. I suspect you will develop a strong preference for the Western model at that point.

[@GuzzarAwan]

Lol😂😂😂 Chinese have followed Western model at more deeper level. In west too there r two type of models one which was followed by Germany japan and now China which industrialised them and other was by Brits and Americans which financialised their economy . There is nothing called bottom up model in china. In china targets plans all forced from top. At bottom one has to implement and bring results one way or other. But biggest Concept which both west and china followed was Printing huge amount of money . Providing massive credit . China has 300 to 400% us has 250%. India has 70% of GDP. Bith west and china has hidden their data and thiz Ponzi scheme for most of the time. These ecnomist like Arun Kumar were ruling the nation for last 70 years why they cudnt achieved anything and only r shouting today

[@rutvikrs]

Imagine if GoI passed an order banning every single language and made it that all education will be done in two languages, Hindi and lesser degree Hinglish. Students will get an education to become factory workers by default and only the top 5% will get academic education. In 12-18 years you will have a generation that can talk to anyone across India in a factory or trade setting but you killed your language and culture. Don't fret I described China of the 1980s, the languages are Putonguah and Pinyin. Indians think this is bottom up.😂

[@fact_tronix6993]

Bro here you are are little bit wrong as chinese is autocracy they at the time of 1980 in starting used the top to bottom approach like west but after 1995 they used the bottom to top approach china used both approches because they are authoritarian and they know when and how to change

[@randomguy7175]

How many India has brought out of poverty!?

[@knaraya936]

Excellent podcast. I am now encouraged to read all his books. Thank you for bringing this economist to our attention.

[@TheNeonShoww]

Thank you so much for watching and we're glad you are now interested in his work! You can find his books in the link on our description! 🙏

[@varunchaudhary4919]

I read some of the comments and couldn’t understand them. The guest made great sense to me. Yes some parts require bit of an understanding of micro and macro economics. It’s was a great podcast.

[@aman3047]

Mostly these are college students who don't want to hear criticism of current government economic policy, if he had talk about gdp growth and applaud economic policy comment section would have been different

[@SaurabhSingh-lo5ve]

he is from JNU he will always make sense but when it's for implementation they start saying this was not the real idea as they say it russia and china is not true communist nation

[@counterpoint9260]

they are bhaktidiots who dont want to admit that their God Vishwaguru ignored informal sector

[@rahulinzone]

@@aman3047 abbe chapri, criticism of government is fine but calling a BS in not BS. u have BS in ur brains that's y u are not making any sense. Discussion is this speaker is living in koko land and u are saying "who don't want to hear criticism of current government economic policy" this guy is spelling BS for congress era also. But u are not able to comprehend that??

[@Moorthigv]

​@@aman3047😅😅😅 bjp slave.. Biggest wrong doing is high tax .. Low savings low private investment

[@greenlover3847]

Woow sir impressive..That kind of mindset India required. It will be best if you become the Finance Minister of India.❤❤

[@madhusoodananpm3977]

Whatever may be the narration, fact is that, wealth is getting centralised, that too with 2 or 3%>>>which is more dangerous.

[@ShrikantMarathe]

Congratulations to Neon for this great interview. Professor has really brought out the real situation existing in the country. Mahatma Gandhi had said may be 100 years ago that rural areas are to be developed for real inclusive growth. We honour it only by putting on board rather than practising it. If we claim so much on growth why in Human Satisfaction Index we are way down below some of the very small countries? Point to ponder. Excellent interview. My only concern is when you do the work in Micro sector the quality of output has to be non negotiable as otherwise if the confidence of local buyers in locally manufactured goods goes down, they will never buy those goods. Once faith is lost, very difficult to regain. When we have such thinkers in the country, why don’t we listen to and make use of their knowledge.

[@mantukumarsharma1248]

Thank you so much Neon for this source of knowledge and wisdom!

[@TheNeonShoww]

Thank you so much for supporting and sharing your thoughts with us Mantu! We really appreciate it 🙏

[@bozach99]

Superb interview. Arun Kumar is a rare intellectual who understands the ground realities and is NOT afraid to say as it is - helps the listener to see through the smoke and mirrors. Thank you.

[@TheNeonShoww]

Glad you liked it so much and thank you for sharing your thoughts with us and for tuning in! Do check out our other episodes that also bring in distinguished guests to speak about topics of their expertise! 🙏

[@LukoseJoseph007]

I am an admirer of Prof. Arun Kumar. Always a pleasure to listen to his words of wisdom and expertise. ❤

[@TheNeonShoww]

Glad you liked our episode and please do share it with others! 🙏

[@somenathroy2014]

Education system is the subject of State govt. But your professor doesn't mention it a single time. Corruption of teacher's recruitment is huge problem in some states. If you choose your govt on the basis of free electricity free mobile or 1000 rupees per month.

[@TheCuriousSapien92]

Reality is that although British left us 70+ yrs ago but the colonial mindset is still prevalent and Politicians and people in power (regardless of which party they belong to or their ideologies) don't want the common Indian citizen to be educated, because they just want blind followers who don't question the system and the authority...and that's why they make such policies and don't spend much on education...moreover they have built big universities such as IITs IIMs AIIMS and still going on, but never pay attention to the basic primary education

[@ragas2845]

Kudos to the host for allowing the guest to speak at length without interrupting. Great host and thank you! Unlike other podcasts where hosts repeatedly interrupt the guests which make them lose track of important information to be delivered and get distracted. Keep up the good work 👏👏👏

[@TheNeonShoww]

We really appreciate the kind words and it's extremely satisfying to get such positive feedback because of all the work we have been putting in lately to put out the best content... Thank you so much for tuning in! 🙏

[@SridharByrappa]

A catalog of problems! Much of it is outdated. But a few takeaways are: increase education spending to at least 7.5% of GDP, and increase health spending from 1.6% to at least 5%. The infrastructure is needed and should be built. Corruption will pass when all the corrupt officials retire; the next generation might not get a running start in this field :)

[@hirenkg]

1. Education and Healthcare gets lion share of GDP, 25% wishful thinking. 2. Decentralization needed to happen way back. Do it Pronto 3. Cooperatives within 94% unorganized sector with political voice streamlined. 4. R&D spend in private sector to get huge tax benefits 5. Unemployment Training in every village, taluka, suburb to teach basic skill such as plumbing, electrical etc.. to more advanced AI related. 6. Property Tax and Income Tax rationalized to few slabs. 7. Think Tank within specialized Industry Sectors (5k+ subsectors) to provide vision for the country.

[@adilfarid9031]

Great broadcast... Reality in front of truth...!!!!

[@TheNeonShoww]

Appreciate you tuning in and glad you liked it! 🙏

[@reghu2032]

What ever he told as threats are same as 200 years ago, people said about industrial revolution. So these disruption are part of development. There are more works in auto industry than before, so that industry can improve productivity they employ robots. Let's not blame industry also not the government we have to have a drive to improve our life, we need to work on it.

[@Neelinmact]

Ohh is that so how will you where will you get the job yours is employed by a robot or an ai , the skillls that you got would be replaced by a robot and you think you will survive with such empty rhetoric ,, increasing productivity along with increasing human employment is the need of the hour ,, not just automation ,,

[@reghu2032]

@@Neelinmact braaa braa braa

[@ianbynoe6515]

I believe this guy. Thank you my brother for enlightening us. ❤

[@thrustydraculla15]

We dont need more school and colleges we already enough,just ask the fees of normal school minimum 8000 fees they demanded ,we need factories in our area for jobs not college and school

[@Rajakji99]

😂 Not only we need more n more schools with world class infrastructure and affordable fees structure but we also need to remove certain bottlenecks like child marriage, potholes on roads, absence of roads😂, surplus income so that parents dont engage their kids doings family business

[@Neelinmact]

Such an ignorant comment

[@skysworld8673]

Wow excellent lecture ❤ Thank you sir, for giving us real figure of our country. 🙏

[@TheNeonShoww]

Appreciate you tuning in and glad you liked it so much! 🙏

[@aimk08915]

Iam not any party supporter but sometimes i feel where were these intellectual or economist in 1990s to before 2010, why didn't they then talked about growth,unorganised sector problem, infrastructure problem, economy problem. The time when china and other countries were changing, growing in technology, indian government then was sinking our country in corruption and making our country poor without proper infrastructure. Most of the problem we are facing now is a result of these old intellectuals who kept their silence in 90s without questioning government.

[@Sandeepkumar-dm2bp]

Ready newspaper editorial of 1990s to before 2010.

[@jkbk8333]

Before 2010s you needs to go to a library to find the knowledge now it comes to ur mobile. So before 2010 people like you used to go cinema and picnic instead of a library. So in India Cinema is bigger than industries . 😅

[@sanjayladge757]

Because they are leftist means leftover

[@hirenkg]

Because it was well taken care by Congress until 2014, such economists are the real deed that stopped top-down approach, thanks to AAP we now understand that bottom-up is the key, same as USA. Have you not heard, Hum jab aaye thae, jeb mein $5 laye thae.

[@karthikckrishna]

China’s shenzen moved from a fishing village to electronic world hub within 10 years and so did Singapore… we can always blame the government.. but we can’t ignore the reality..which is very harsh if u r poor

[@Nileshpandey0907]

Just finished this full podcast & it took me many days to complete because i was so busy & i don't like to listen/watch podcast too but as a student of economics( Doing PG In economics from MSEPP) i listened this podcast in very attentive way and some part of the video i have heard more tham twice.I want to appreciate the podcaster for asking questions in very short and precised way & letting the prof Arun kumar ji respond to it's full extent of the question. Being an economics lover i used to listen Arun kumar ji since my childhood days when he used to come in panel discussion of NDTV. But today after so many years again i have heard him with much attention he has explained various aspects of the economy with very lucid and detailed way. and at the end as you said that you would like to do more conversation with the prof. So it's my humble request to you please do asap i'll be waiting for the next podcast with Prof Arun kumar ji. 30/10/2024 Wednesday 12:36PM

[@TheNeonShoww]

Hey Nilesh, we really do appreciate your kind words and for sharing your thoughts with us... We are hoping to maintain a hosting style that allows for our guests to be as comfortable as possible and answer questions the way they want to without any inclination to quickly move on from one topic to another. We are working hard to set up a round 2 with Arun sir so stay tuned for further updates! 🙏

[@Nileshpandey0907]

​@@TheNeonShoww thanks a lot for the response sir. Wishing you all the very best and sending you lots of love & support from mumbai. 03/11/2024 Sunday 09:40AM

[@rekhaagarwal73]

Prof must give data of what happens in first 60 years for employment , education and health. In last 10 years lift from bottom pyramid is happening by 300 mm mudra loan .

[@biggpicture2930]

how can he? Data are collected by govt , but they are fake especially for past 15 years

[@biggpicture2930]

use your head

[@biggpicture2930]

posted by C.P. CHANDRASEKHAR: ..C.P. ...this is a government which not merely manipulates its statistics, but more importantly, uses every number possible to try and create this impression with a lot of investment in propaganda. And therefore, this is something which has been bought by the media, as you say, not merely in India, but across the world...

[@shamkulkarni1367]

True He is a pseudo economist

[@counterpoint9260]

bhaktidiot spotted

[@Templebells9099]

Very much informative with Clarity.

[@TheNeonShoww]

Glad you liked the episode and thank you for tuning in!

[@jeetyadav7228]

Sure , it is necessary to strengthen the net of social protection for the poor . But any plan for an economic revival will be incomplete without accompanying efforts to revive the purchasing power of India's large middle class.

[@riteshsinghchoudhary115]

Large middle class?

[@Rajakji99]

Ur right bro *tiny middle class compared to China

[@the_curious_layman]

Excellent Interview which everybody needs to watch who really cares about development and personal growth.

[@SuperARYAND]

Wealth tax, inheritance tax, high MSP on everything. Mathematical problems to biological problems. The population is an organism of its own. Can’t just stop this. Start that. Things have 2nd, 3rd and 4th order ripple effects. It’s not as easy as he thinks.

[@hameedshahul6191]

Simple solutions effectively explained 👌

[@rajprasad5899]

India is gradually moving towards a failed state and those in better positions are moving abroad.rather than face the stifling system. Instead of Populist measures to drain the economy we should focus on unorganised sector msme. Focus on microeconomics and work upwards next level to improve lot of 60 % of people. Govt should cut down its own expenses except critical areas.

[@apooru241]

UP and Bihar must be held accountable for their POOR performance... If these 2 states were not there India would be nearly a high income country

[@Intizaarmehdi]

Wooow! Thank you very much sir Enlightenment ❤

[@mehulpatel1313]

I'm personally interested in how to transition the unorganised sector to organized one. What shld be the policies for this ? How to irreadicate black money completely ? It is good that demand is transitioning from unorganized to the organized sector. We have to just find a way to help the unorganized sector to assist this transition. Everyone knows the problem. It would be helpful if people could provide the solutions.

[@worldaround6520]

I personally feel that if an impetus is given to disseminating quality education to all, even if it is not at a very high advanced degree level, but rather focuses on basic primary education, it may help. However, should we focus less on building infrastructure and more on disseminating quality education? By the way, the word "semen" means seed, and "dissemination" means the dispersal of seeds. It is like planting trees, and these trees will produce seeds of their own. The word "dissemination" is used in the context of imparting education, technology, culture, and diseases.

[@V01766]

Very funny video Mr. Arun Kumar... Well done... 😅😅😅😅😅

[@sarathclalr1963]

Professor Arun kumar is great❤

[@kniiq]

Nice podcast, very informative, thank you for creating such amazing content ❤great work keep growing.

[@TheNeonShoww]

We really appreciate the kind words and we hope you gained some valuable insights from this conversation! 🙏 Pleas let us know who you'd like to see next as well!

[@biggpicture2930]

posted by C.P. CHANDRASEKHAR: ..C.P. ...this is a government which not merely manipulates its statistics, but more importantly, uses every number possible to try and create this impression with a lot of investment in propaganda. And therefore, this is something which has been bought by the media, as you say, not merely in India, but across the world... okay, we’re not talking about a 7% rate of growth, let’s say that, okay, let’s sort of favor the state as it were, and say that, okay, let’s say, maybe it’s 5%, maybe it’s 4.5%. ' Employment is low, unemployment is rising. .economy growth..top 3, 4, 5%, maybe 3%. Yeah.. .. how China has a huge current account surplus, India has a borrowed surplus, and so on..... Is India's economy truly thriving? Or is it exaggerating its growth? Geopolitical Economy Report

[@ceekaylinc]

Excellent and realistic analysis....needs to be shared in all media

[@TheNeonShoww]

We really appreciate you tuning in and liking the episode... Do check out our other episodes such as our recent episode talking about Jamsetji Tata's legacy and meteoric rise: kzbin.info/www/bejne/nXmbgIKag8-FsNE

[@Lupdii]

Great man with clear concept, and hats off to the interviewer also ,he listened very calmly without interrupting so we got a great interview ❤

[@TheNeonShoww]

Thank you for making our day with such kind words and so glad you liked the episode 🤍 We shall pass on your comments to our host Siddhartha as well 🙏

[@quasarsupernova9643]

Unorganized sector don't respect quality protocols, are opaque about practices etc. The price is arbitrarily and has no correlation with the quality of products and so on. The customer cannot challenge them or find suitable alternatives.

[@mandarp9472]

We have huge underemployment problem because all employed youth want to get married and start their family after getting the job. But starting a family is not possible due to low salary and very high cost of living as well as higher rate of inflation.

[@madhum990]

Unemployment is never a issue in India. This is an illusion. No where in india has public voted for lack of employment. What this man is speaking has no relevance on ground. Our people are busy in religion, cricket, movie & reels. Wake up old man

[@Indiacareercentre]

This was a great conversation. There are no short-term and easy answers but at least there the right questions to ask.

[@TheNeonShoww]

We appreciate you tuning in and sharing your kind thoughts with us! Glad you liked the episode 🙏

[@kr.manishpratapsinghchauha1837]

Nice eye opener discussion reflecting the economics of the country and its effects in different sectors and different segments of the country , but clearly not for everyone.

[@TheNeonShoww]

We appreciate you tuning in and are glad you could take some insights from the discussion! 🙏

[@sharafvanur]

He expressed real facts happening now in India...Everyone should watch this ...👌👌👌

[@TheNeonShoww]

We really appreciate the kind words! Thank you so much for tuning in and glad you could take some learnings from the episode 🙏

[@Neelinmact]

I have been watching him since he was regular in “the big picture” Rajya Sabha tv , he along with Nitin desai were the best ,

[@TanmayBiswas-y5k]

PM, FM and entire government system is corrypted

[@jakechandy]

Education reform needs to be done by high quality online certifying examinations for every degree - simply pouring money into buildings and professors will not bring results. Today high quality lectures on any subject can be found on KZbin and you do not need classrooms and teachers except for schooling upto 10th standard. Today in India you can get any degree because the examination system which is the fundamental quality check of knowledge is corrupt as everything else in this country.

[@rajx7120]

Correct. That is what Sanjeev Sanyal also said.

[@alaminmondal5780]

Great podcast Siddharth, keep grow & invite other economist like him also

[@TheNeonShoww]

Really appreciate your kind words and we will definitely work hard to bring the most diverse set of guests possible for future episodes! 🙏

[@alaminmondal5780]

@@TheNeonShoww Indeed

[@venkatesankalivaradarajan3911]

Awesome interview with lots of insights about education, economy etc...

[@abinashpatra6791]

Government instead of funding good universities should invest in good primary education. University is not required now a days. Anyone can study on their own if base is strong.

[@sun20004u]

What you cover in university in 4 years will take 10 years independently.

[@rahulkurhade2184]

Very informative thank you ❤❤

[@viralpatel4538]

This gentleman was telling on news channel that india can not become 5 trillion dollars economy....

[@samlee3039]

I think you're lying. When did he say this? And in what context? He just said India cannot become 5trillion economy ever? I don't believe you.

[@tesrastark8276]

Not He just saying India cannot become 5 Trillion in a given time frame.which the government is telling all of us. Just kidding

[@Neelinmact]

Itna jhuth kyun bolte ho yaar , bahut hi makkar Aadmi ho yaar

[@shubhamsharma691]

Cannot become within the said time frame & he's right now. But I guess it's impossible to communicate anything to you given your "SURNAME". so you are right bro.

[@anilsanki3963]

Awesome explanation sir...🙏🙏🙏🙏🙏🙏🙏❤️

[@TheNeonShoww]

We're glad you liked it and we hope you learned something new as well! 🙏

[@jsmkumar2916]

UNORGANIZED SECTOR OR UNACCOUNTED SECTOR ????????? BECAUSE OF G.S.T UNACCOUNTED BUSINESS SECTOR IS AFFECTED. THERE IS NOTHING WRONG WITH UNORGANIZED SECTOR. JUST BY STRENGTHENING MICROFINANCE YOU CAN HELP UNORGANIZED SECTOR.

[@rutvikrs]

Not just that. These fraudiyas picked up papers which showed the impact of MSMEs in developed economies(single suppliers of proprietary chemicals/processes) to prop up Chintu/Mintu generic plastic factories for local satrapies. When globalisation hit us and the Chinese flooded us with items priced at a third of the cost price, we saw an extinction of Chintu Mintu factories. Now they are crying for the same Chintu/Mintu factories to open back.

[@fact_tronix6993]

He is right the sector is in organised because there finance is not good now the govt impose taxes over that how will you think a man with no finance can able to work under that burden instead the best way is extra gst in organised sector low gst on un organised sector find the way to make un organised sector organised simple

[@Rajakji99]

Even our GDP figures is flawed😅😢 Even tht 3.5 trillions $ effectively is not correct or far frm it😅

[@fact_tronix6993]

@@Rajakji99maybe all imf world bank all organization just flawed

[@Rajakji99]

@@fact_tronix6993 phle padh le Thora bahut youtube ka gyan kitna gisega Sukh ke kaata bn jaoge upar se niche tk☕️