Only 'upper caste' Indians will become keyboard warriors to say caste is not true. The video said the truth.. Today only 5% of the marriages are inter-caste. This comment just shows the dumbness of India under Modi, labeling 200 million Indians as a problem because of religion (!!)
Its because china would price out the competition by dumping the product cheap and snuff out the competition only to increase their prices later and recovering their losses. Its not because your product is any superior or reliable. Look at Africa most of the Chinese bikes, medication, or any other product does not last long or is ineffective -- sure they are cheap so now the same African countries buy Indian stuff and Shun Chinese. Same is the story with Chinese Military equipment no matter what is the pricepoint on those. It always is just bad.
Many errors in her analysis. Under British, Indian GDP actually grew over 2 times, but population grew even more, that's why per capita is low. Share of world GDP is world trade, not GDP. Today India is 5th largest GDP, but share of world GDP is only 4%. Due to the rise of industrialized west by 1900s producing cars, planes and machinery.....etc, all agriculture economy lost their share. Not just India. Without British, India would lose more share. Opium sold to China came from India, many cities and Indians became rich from opium trade, eg. Jamsetjee Jejeebhoy. British started Indian tea industry, broke China's tea monopoly. British also built modern infrastructure, Indian railway was best in Asia.....etc.
@dharan5314Ай бұрын
Actually, India was already United under Mauryan Empire
Thank you Lin, anytime a notification from youtube on your new publication is always a boost from my daily routines. 😇
@unnati3564 күн бұрын
Thanks for explaining indian economy so clearly and precisely. I'm from India and I totally agree with you on corruption issue . It is one of the biggest issue that we are facing right now.
You missed a couple of crucial factors in the developmental realities of India. The country is a lose confederacy of largely self governing states. The culture, traditions, political institutions and social practices of every region is different. There are large minorities that dominate certain regions. This makes it very difficult for the entire country to coordinate as a whole and pursue common goals. Like you mentioned the informal economy is huge in India and these are essentially regulated by the local princelings and industrialists of the region. It is virtually impossible to liberate the resources stuck in these private hands and use them to build towards common public goals like public education, public health and infrastructure investment. The way the Indian political system works, the higher levels of government have to dispense control of most of the social resources to the lower levels of governments in return for their support in elections. For example in a state, the state government has to allow most economic activity to escape taxation and central regulation or else the local political elites in the towns and villages will revolt and not support them in state wide elections. There is a clear demarcation between what resources are under the control of higher levels of government and what resources are off limits and reserved for the local elites. This arrangement is very feudal and means that India cannot be ruled as a single entity but is a huge collections of small village and towns all with their own kings and princes that control their own local resources. This wouldn't be so bad if those local kings and princes could run their fiefdoms well or were subject to any accountability at all. Unfortunately the way that local political elites maintain their control is largely tribal and they have no incentive what so ever to change. All of these things are not only political realities but they are also deeply entrenched in the culture and the existing tribal and ethnic divisions. For example you can imagine that most towns and villages that are ruled by large extended families that have acted as the feudal lords of the place for many generations. Then these towns and villages form alliances and rivalries with each other based on long standing sectarian divisions. The larger central governments enter this realm as patrons of local groups and lobby for their votes by playing their interests against one another. This whole system is a feudal horror show but reform is impossible as elites at all levels have deeply entrenched interests. The ferocities with which some of these elites fight back against change is often shocking in its brutality and cruelty. The real state of Indian economy is not good because at the heart, the fundamental state of Indian society is not good. India is still stuck in being exploited by feudal lords and has yet to even move to the state of being exploited by capitalists.
Thank you for your sharing, making me understanding India more
@snowlee-ml7rr Жыл бұрын
A bunch of small tribal countries were forcibly pieced together into one country by the British. Naturally, India will have these characteristics, which are basically unsolvable. The difference between China and India is that the main ethnic group accounts for 92% of the population, and has experienced brutal civil wars and land reforms (state-owned land) in China. And China is not yet a multi-party system,so the central government has the ability to mobilize all resources to develop the economy and adjust income distribution. .
@小菜-k9o Жыл бұрын
India's independence was full of compromises, not real rebirth. Originally, India had a much stronger foundation than China when it became independent, but it was this key factor that made it a bit worse than China
@georgesiew6203 Жыл бұрын
@@小菜-k9o I wouldn't say India ever had stronger foundations than China. China and India are both effectively continents. As far as effective continents go you have to understand that China and Europe are the two extremes in terms of homogeneity and heterogeneity. China as a continent is the most homogenous on Earth while Europe as a continent is the most heterogeneous on Earth. India as a continent is somewhere in the middle. This means that India has the foundation to have a closer union than the European Union but it does not have the foundation to have a truly unified singular nation state like an Australia or an Italy. China is the only exception in that it is a continent that is as homogenous as singular nation states. Also if we look in the effective history of India it was rarely ever unified and often worked as a loosely knit confederation of feudal states. It certainly never came close to the degree of centralization of Chinese dynasties and often resembled something like the Holy Roman Empire under the Habsburgs. Anyway this talk of unity VS lack of unity is besides the point because we have the living example of a completely disunited Europe which was able to achieve economic development rather successfully without ever relying on unity. The problem of India is not disunity per say. Disunity just blocks one of the possible paths to achieve the necessary social evolution for India to reach higher levels of economic development. India's fundamental problem is not being able to completely move off of the organizational structure of tribalism and feudalism. India never developed to a point where there were organic bottom up forces that would drive social change away from feudalism and tribalism. Without bottom up forces to force those revolutionary social changes then it falls on top down forces to do the job but there are very few cases of that ever being successful. In fact I would argue that there are only two successful case of that which are Japan and China. The problem for India is that it is trapped in its social evolution. It doesn't have the Characteristics of a China or Japan (extreme homogeneity and centralization) that made those countries able to drive social evolution from above. At the same time we seem to be waiting forever for the arrival of enough bottom up forces to drive social evolution from below.
Other than call centres, IT, most of the banking operations and back office are in India as well. Our ex- employer JP has a super huge centre with more than 30k headcount in Bangalore if I remember correctly how to spell it haha! Great benefits there, heard there are free transportation to pick up staff from their house to the office and free food at the canteen.