Understanding Modinomics - A talk by Harsh Gupta

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Sangam Talks

Sangam Talks

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From a time when the Indian per capita income was higher than the British per capita income to the dubious distinction of being an extremely poor country down the millennium, the Indian economy has suffered a longstanding decline and is only now beginning its climb back upwards.
While the broad reasons impacting India’s present economic growth include exogenous factors such as the demographic dividend and global technological benefits, the key factor is the thrust by Modi government on good-governance.
As India now enters the functioning-government stage with a more rule-based economy being put in place, the tough economic decisions and market reforms undertaken by the Modi government pave the way for India’s resurgence as an economic superpower.
In his Srijan Talk on “Understanding Modinomics,” Harsh Gupta explains why he feels the Indian economy is so bullish under the Modi government.
ABOUT THE SPEAKER
The co-author of the book, A New Idea of India, Harsh Gupta is an India-based public markets investor, a fund manager, and a columnist. He graduated from Dartmouth College with an AB degree in economics and holds an MBA from INSEAD. He has also studied at IIT Delhi and Northwestern University.
He is on Twitter @HarshMadhusudan.
TOPICS COVERED
0:00 2018-Acknowledging the deaths of Atal Bihari Vajpai and V.S. Naipaul
1:17 Introduction of the speaker, Harsh Gupta
4:41 Introduction to Modinomics
5:27 Decline in India’s per capita income declined over centuries.
7:37 comparative analysis of ‘bimaru’ states with others
9:35 The reason to be bullish - demographics, technology, & good policies/governance
11:28 India’s population growth vs China, Labor force participation
13:20 Trends in India’s literacy
16:00 solar power can be India’s strength
18:14 How Orthodox Economics/ Free markets work
22:52 Heterodox economic reforms
23:58 American school of economics, American view of Economics
25:50 What Modi govt. has done on the 4 heterodox factors
- Creating internal markets (GST), enhancing inter-state trade, infrastructure
27:04 Tariffs in India and the world
32:30 3rd model- finance
33:40 Universal education
41:20 Conclusion -What Is Modinomics
48:34 Ultimately all economics is in terms of politics, foreign policy, society & culture.
50:00 International politics & economic exchange
53:03 Weakness of Modi govt (up until 2018)-- the education policy
55:44 Agriculture sector in India
57:50 Speaker’s conclusions on the way forward.

Пікірлер: 136
@MrSirAussie
@MrSirAussie 6 жыл бұрын
In depth, detailed and amazing insights. Please provide your economic model to PM on the future plans to transform NEW INDIA into a superpower. Thanks Harshji
@vasukinagabhushan
@vasukinagabhushan 5 жыл бұрын
Brilliant economist and historian Sanjeev Sanyal is already the Chief Economic Advisor of PM Modi.
@taniapaul4378
@taniapaul4378 Жыл бұрын
as a bengali i take pride on harsh's visionary mind...i really wish bengal gets a better governance
@ruchirishi
@ruchirishi 4 жыл бұрын
Very well articulated, no fluff, to the point, factual, put well into current perspective
@vinayrahatekar1460
@vinayrahatekar1460 5 жыл бұрын
भारत का दुर्भाग्य है कि हमने हमेशा परायो को ही सर पर बैठाया और अपनी ऐसी तैसी करवा ली। 1000 सालो की गुलामी ने हमे कही का नही छोड़ा। आज भी हम उसी दौर में जी रहे है। लोगो की आँखों में पट्टी बंधी हुई है और सब ऊपरी आवरण को देख रहे है। 70 साल की आजादी में हम अच्छी रोजगारोन्मुखी शिक्षा,नागरिक शिक्षा,पानी,बिजली और सड़क नहीं दे पाए तो क्या किया ,घंटा आज हम बेरोजगारी की समस्या को रो रहे है,इतनी जनसँख्या क्या मोदी ने बढ़ाई, क्या इंदिरा गांधी ने या मनमोहन सिंह ने? राहुल गांधी और मोदी एक बात में तो समान है कि दोनों ने देश की जनसँख्या बढ़ाने में कोई योगदान नही किया😊 दरअसल जब देश आजाद हुआ तो हमारी सरकार अंग्रेजो की परछाई या कहे गुलामी की छाया से बाहर ही नहीं आ सकी उसमे अपने देश के लिए कुछ सोचने की समझ नही थी। हमारे उस समय के नेता बंटे हुए थे और उन्हें सिर्फ आजाद होने की धुन थी,आजाद होने के बाद भारत कैसा होगा इसकी कोई योजना नहीं थी क्योंकि कांग्रेस उस समय भी उच्च स्थिति में थी और किसी का नहीं सुनती थी।और जिस प्रकार नेहरू जी के चर्चे होते है जो सत्य भी है ,उस हिसाब से लगता है कि आजादी के बाद शुरूआती सालो में भी अंग्रेजो ने ही हम पर राज किया नहीं तो क्या कारण है कि हम ये basic जरूरते भी plan नही कर पाए? आज हम नया घर बनाते है तो कितनी planing करते है कि bathroom कहाँ होगा,kitchen कैसा होगा,पानी की क्या व्यवस्था रहेगी,बिजली की व्यवस्था कैसी रहेगी।लेकिन यहां तो 1947 में देश का निर्माण हो रहा था तब ये सब क्यों नही सोचा गया? तब क्यों नही शिक्षा दी गयी कि घर की माता बहनो को जंगल में ना जाना पड़े,तब क्यों नहीं शिक्षित किया गया कि छोटा परिवार सुखी परिवार,तब क्यों नहीं ऐसी शिक्षा दी गयी कि युवा कुछ ऐसा सीखे जिससे उन्हें रोजगार मिले,तब ये शिक्षा क्यों नही दी गयी कि समाज में कैसे रहना है? हमारे देश की नींव बहुत कमजोर थी इसलिए पूरी इमारत हिली हुई है।एक आदमी के 18 घंटे काम करने से कुछ नहीं होगा। आज हर कोई मोदी और राहुल गांधी को गाली देने में लगा हुआ है।हम वो लोग है जो देश के राष्ट्र गान पर खड़ा होने में भी शरमाते है और कोर्ट में case लगा देते है। अगर मोदी ने UNO में 21 जून को योग दिवस घोषित करवाया तो कांग्रेसी होने के नाते हम उसमे शामिल नहीं होंगे,ये तो हमारे देश का ही नाम ऊंचा करने वाला काम था ना?फिर विरोध क्यों? देश के हर नागरिक को जात पात,वर्ग भेद से ऊपर उठकर देश के लिए थोड़ा सा contribution जरूर करना होगा,सरकार को गाली देने से क्या होगा? जय भारत
@jatinderbhan
@jatinderbhan 6 жыл бұрын
Very comprehensive and informative talk!
@vinodsarode8368
@vinodsarode8368 5 жыл бұрын
A very comphrensive end to end talk . Harha Gupta represents next gen economics who will play active role in india's economical progression.
@prakadox
@prakadox 6 жыл бұрын
A fairly good perspective on Hamiltonian/Listian/Shimomuran economic view. But this is a complex topic and hence there is plenty to disagree and supplement in the talk. Failures in education and health apart, not boosting the judicial numbers is also a big failure. 3.3 crore pending cases and counting. Having an adequate judiciary is in his terms, the level of Hobbes, not even Locke. Saying that we're getting past the level of Locke is probably disingenuous there. I straight out disagree with the blending ethanol proposition. It's much better to create a parallel methanol/ethanol fuel cell infrastructure and incentivize the fuel cell cars at the same level as electric cars.
@atharvak5748
@atharvak5748 5 жыл бұрын
Finally found someone who resonates with my view on this video.
@cayanaraycaudhuri
@cayanaraycaudhuri 4 жыл бұрын
A good way to discuss the limitations.
@vikramdoshi6890
@vikramdoshi6890 5 жыл бұрын
Excellent HarshGuptaji, keep it up
@jyotivyas9286
@jyotivyas9286 5 жыл бұрын
No Imitation 👍👍👍✌️✌️✌️🕉️🕉️🕉️🤺🤺🤺💃💃💃🇮🇳🇮🇳🇮🇳🔥🔥🔥only Bharat Nomics..... 🙏🇮🇳🙏🇮🇳🌹🌹🌹🔥🔥🔥Jai Bharat Mata kee 🇮🇳🌊🌫️
@bhargavkhaund8212
@bhargavkhaund8212 Жыл бұрын
Brilliant!
@vbg1980
@vbg1980 6 жыл бұрын
Excellent talk, Is this talk also available in Hindi ?
@surajsajeev1988
@surajsajeev1988 5 жыл бұрын
enjoyed this talk a lot
@bindurao3463
@bindurao3463 5 жыл бұрын
Well analyzed, well presented
@garjevikas
@garjevikas 5 жыл бұрын
2 very good points I did not expect while starting the video but may be that's why I feel they were really important, 1-someone actually pointed out the actual damage that was done to the economy by Mrs.Indira Gandhi. 2- the development that needs to be done in education sector specifically in terms of opening up the higher reduction sector, which needs to free people from this kind of a license Raj in higher education interms of the only degrees valid in India now are through ugc approved universities
@guruprasath2997
@guruprasath2997 4 жыл бұрын
Hearing it during the time of COVID-19 pandemic, his assessments about China-India, US-China relations are becoming damn true
@krishnachaitanya3092
@krishnachaitanya3092 5 жыл бұрын
Great insights
@mohitaggarwal7583
@mohitaggarwal7583 6 жыл бұрын
Yes tariff are very much needed
@sharan50000
@sharan50000 5 жыл бұрын
Very nice talk. Thanks to Harsh. I have to say '100 % education' point I don't get. How is it correct ? Need more details and proof. Will try to look up myself as well.
@Guitarmaster007
@Guitarmaster007 5 жыл бұрын
My analysis about Indian poverty. 1) Stringent taxation policy. Indian government is a tax sucking agency, which only knows how to suck tax and fill the gold reserves. I have thoroughly studied the Vodafone tax evasion case, where supreme court gave clean chit to Vodafone company when it gave heavy taxation as the reason why it used a subsidiary in the third nation to move its shares without paying a bit of Capital gain tax to India, as per vodafone's report Indian government sucks almost around 35% of a company's earning as tax, and rest 65% of the profit has to be deducted in operating costs, interests, and dividends to the share holders of the company and nothing gets spared in the end for a company to even think of future expansion and growth. This is the reason why many international companies refrains from doing FDI investments in India and India do not get growth. 2) More than 50% of Indian population still lives in the villages and they don't even know how to write their names leave alone being educated, I don't know who gave you the data of India being 99% literate. 3) Indian youth is young and with a lot of energy but very useless at the same time, Youth is completely unskilled and according to a research 35% of B-tech graduates dont even know how to reboot a computer. India is a factory of fake degrees and fake education. 4) Indians have been least trained in moral values as a subject, their tendency of becoming corrupt and criminal is the highest in this world after Pakistan and few countries in Africa. 5) You were talking about woman and gender inequality in India........why women are better in Europe? and why gender ratio is better there? Answer : After 1914 this whole world got doomed into two consecutive world wars, which as per estimate wiped out almost 70% of young men population between 16 years -40 years from Europe, Russia and Japan, and the remaining had become either handicap or mutilated and useless. As per post two world wars estimates the ratio of men in Europe, Russia and Japan almost plunged to 1:3, where there was only one man over 3 women. At this point of time India remained least affected as not much Indian men were lost and were still more in ratio when compared to women. Women took the responsibilities after world war and worked in European industries day and night including in Russia and Japan. The reason why we get to see so Powerful ladies in Europe like Angela Markel, Theresa May and Margaret Hilda Thatcher etc .......Just like in India women in Europe were also treated like a commodity before 1914, but their real value was felt after the heavy loss of millions of young men. It was a coincidence for them.
@srijayans704
@srijayans704 5 жыл бұрын
good economic thought.
@tresajessygeorge210
@tresajessygeorge210 3 жыл бұрын
THANK YOU MR. HARSH GUPTA...!!! HOPE...ACTION ...QUALITY IMPLEMENTATION...WITH LONG TERM GOAL...EASY ACCESSIBILITY FOR CORRECTING POLICIES AND REPAIR OF INFRASTRUCTURES , BOTH LOCALLY & NATIONALLY...!!! THEN IN THE GLOBAL LEVEL...!!! FOR UNITY & QUALITY, REMOVE THE DIVISION IN NORTH-- SOUTH MENTALITY IN ORDINARY PEOPLE TO STATE AND NATIONAL LEVEL, GOVERNING AND EDUCATIONAL BODIES...!!! PLEASE GET RID OF THE RELIGION FROM POLITICS...AND FREE THE PEOPLE FROM RELIGIOUS BONDAGE, BY NOT ALLOWING RELIGIOUS INSTITUTIONS TO HAVE ANY AUTHORITY OVER PEOPLE & EDUCATION...!!! LET VEDIC WISDOM GUIDE US ...WITH NEW INTERPRETATION ACCORDING TO THE SITUATION. TIME, SPACE AND ENVIRONMENT...!!! NOT ALL "" OLD IS GOLD." AND " ALL THAT GLITTERS IS NOT GOLD "...!!!
@alpeshmittal3779
@alpeshmittal3779 3 жыл бұрын
What is unemployment rate right now? With 35 crores more added to work force, work getting reduced due to automation where shall we find work for all. It's like assume we will be rich and then how life would be question is how to get there.
@DharmYogi
@DharmYogi 5 жыл бұрын
Modi has to add some smart people for his economics team and politics in general. So many boneheaded decisions and still he will win next election as long as Rahul is his appointment. He should do much better in the next round else expect new leaders in Rahul’s position next election. So it might be challenging.
@sagnikchaudhuri4142
@sagnikchaudhuri4142 3 жыл бұрын
Bengal Subah in the early 1800s had one of the highest living standards and real wages in the whole let alone Britain and it's worth was 12% of the whole world's GDP...The eastern part of Bengal was globally prominent in industries such as textile manufacturing and shipbuilding, and it was a major exporter of silk and cotton textiles, steel, saltpeter, and agricultural and industrial produce in the world.Its capital Jahangir Nagar, today's modern Dhaka, had a population exceeding a million people. Please share the reference where you got it was 30% of the Brit's GDP. It was only after the British conquered it led to its deindustrialization & economic downfall.
@RahulJoshi-di3mm
@RahulJoshi-di3mm 5 жыл бұрын
BJP government is stuck in a spiral, As the previous (UPA) government had a proper failed tax revenue stream for the Govt. 1. India Post Payments Bank needs some good money to be implemented. See the movie "Swades". 2. Ayushman Bharat needs atleast of 35000 Cr Rs per Year from the Government (GOI) & rest of from State Govts. 3. Swaach Bharat Needs some more amount for payment of new infras. 4. Trump- China- OPEC- Turkey- Russia Tussle is making $ - other currency with Increasing oil Prices. 5. Iran-Russia Sanctions made us oil sick, The actual Value of $ to INR is around or should be around 90 INR per $. but as we are a heavy oil importing country we suffering on that point. Compare other countries 29 Aug 2013 00:00 UTC USD/INR close:68.82995 to current status 72.10 USD/INR just a 4 rating drop. 29 Aug 2013 00:00 UTC USD/JPY close:97.74066 to current status 111.01 USD/JPY over a 13 rating drop. 29 Aug 2013 00:00 UTC USD/CNY close:6.12269 to current status 6.84 USD/CNY over a dropped 10% of value like if INR/USD 75.71. & compare with any other countries you want. Now My Take: Govt should reduce Taxes on the Petroleum Prices by 1/2 because we Indian public are not mature enough to understand what are the future projections, They just look for the short gains & not longterm benefits. Not in power is not a good thing. They should do a reshuffling of taxes increase taxes on Alcohol by 300 % more + 120 % on the Luxury vehicles, tobacco products & cigarettes with 300% increase in the tax they will make remaining tax gap. This will make EV & Luxury in the same price range.
@sharan50000
@sharan50000 5 жыл бұрын
Absolutely agree and appreciate ' Indian / Bharat school of Economics is what must happen.
@TheKnowledgeislife
@TheKnowledgeislife 6 жыл бұрын
Primary education should have been the major investment point after independence, the speaker rightly pointed out on the caste angles but did not dig deeper. Only and only proper world class primary education at no charge to all sections of the society would lift the country's fortunes. All the developed countries have one thing in common and they realized it long back - Free and quality Primary and secondary education.
@CA.EBITDA
@CA.EBITDA 5 жыл бұрын
Tarun Simha congress always believed in more minimum education, more chances of divide & rule....and they succeeded
@kumud31547
@kumud31547 Жыл бұрын
Pop
@jatinderbhan
@jatinderbhan 6 жыл бұрын
I can't believe that Mr. Gupta says (at 13:10) that literacy of children and young people under 18 is 100%. Did I hear it right? Maybe he is talking about urban India. We have vast swathes of our population, particularly the tribals and the lower socio-economic classes in rural India and in urban slums that are illiterate or barely literate. That, along with the pathetic state of public health delivery, especially in rural areas, has been the biggest failure of post independence India. The population exploded from 347 million to 1.3 billion but there was hardly any commensurate growth in human index parameters for most of the population. I hope the policies of Modi government in conjunction with state governments will address these asap.....
@ashishchauhan3629
@ashishchauhan3629 6 жыл бұрын
Literacy definition in India - If a person is above 7 year of age and can read and write with understanding will be considered as Literate person . so if a person who never went to school but can read and write is called Literate . So Mr. Gupta is correct we are close to 100% under 18, even in tribal area children can at least read and write.
@jatinderbhan
@jatinderbhan 6 жыл бұрын
Thanks for the clarification. While technically this may be correct, things are different on the ground. I have supported organizations such as Pratham (working mostly with slum children) and SEWA (working with tribal children) and the reports we have from the ground are disquieting. Even if it is right that everyone can read and write in some language, the expectations we have set up as a nation are very low. In order to reap the benefits of the must talked about demographic dividend, greater investments have to be made in public education system so that the youth can be employed in industries which requires higher levels of technical and other knowledge than ever before. I hope this becomes one of the major thrusts of government policy over the coming decade or two.....
@mayankbariar2930
@mayankbariar2930 5 жыл бұрын
What can you say to a person who has based his ecenomics on feku Modi... All his data is incorrect
@jatinderbhan
@jatinderbhan 5 жыл бұрын
Mayank Bariar .... The educational system in India, with its strengths (if any) and failures, is mostly attributable to the Congress party as it has been the naturally governing party since independence. You require national wealth to fund a good quality public education system. The Congress under Mr Nehru and then Mrs Gabdhi blindly followed the socialist model, even after the champions of this system like China abandoned it. We perpetuated poverty while the population mushroomed. Thus we have come to this pass that half of young Indians have gone through substandard or very little education, much to the nation's disadvantage. It will take a few decades to come out of this mess, that too if you have focused and visionary leadership...
@mayankbariar2930
@mayankbariar2930 5 жыл бұрын
@@jatinderbhan illiteracy and poverty is outcome of colonialism and divisive British who plundered our wealth... We should not forget that.... It was the vision of Nehru thar strengthen the education system and industrialized the economy
@smartdrc1844
@smartdrc1844 5 жыл бұрын
Rightly Fully pointed out , education sector is in deep shit !
@Unknown-sh8kw
@Unknown-sh8kw 5 жыл бұрын
I never understood what was Nehru's vision from history.
@vc2616
@vc2616 5 жыл бұрын
Banging Lady Mountbaten!
@CA.EBITDA
@CA.EBITDA 5 жыл бұрын
Become farzi chacha in history books
@DharmYogi
@DharmYogi 5 жыл бұрын
To turn India into moghulastan
@bharadrm
@bharadrm 6 жыл бұрын
unstructured presentation.
@neerajbhardwaj6073
@neerajbhardwaj6073 5 жыл бұрын
Abki baar phir Modi sarkar....
@bamlani
@bamlani 5 жыл бұрын
Great presentation. Just imagine for one second if Modi loses next election. We will be back to stone age.
@SouravPatil_Divinity
@SouravPatil_Divinity 5 жыл бұрын
Modi is big target of leftists Modi for 2019
@HalarRajputSamaj
@HalarRajputSamaj 5 жыл бұрын
He is totally thinking in western model(framework). We should also try to find solutions from our ancestor's knowledge and combined that with current pool of knowledge.
@ashoksinghal5620
@ashoksinghal5620 5 жыл бұрын
Lot of good points but at general level and with good hope but totally oblivious of divisive politics & corrupt politicians India suffers from. I am shocked that he doesn’t seems to know hides destruction economy and society by Islamic invasions. In late 17th century most of Wealth was owned & or controlled by 665 families while rest struggled to live and carry on.
@TheControlPhilosopher
@TheControlPhilosopher 5 жыл бұрын
All talk, talk & talk. Everyone talks no-one works hard without talking. for the modern nation-state there are 2 main things. First we must have a culture of hard-work & ethics. And secondly we must have a good ecosystem that is capable of innovation. We have neither. Cry my beloved country
@chris10hi
@chris10hi Жыл бұрын
Lets see Modinomics, is it protectionism, nationalism? The truth is India can never compete with China because Indians are complacent like all the poor countries. Chinese, Japanese, Koreans and Vietnamese are highly intense with a sense of urgency and this allows them to manufacture cheaper than everyone else, these countries will increase their control of manufacturing and even high tech they will dominate more and more. India can only compete if the population become alert with high sense of urgency, see kzfaq.info/get/bejne/fJ-Yqcl9za6VmoU.html
@rishabh2703
@rishabh2703 6 жыл бұрын
Employees who don't fear for their jobs are more likely to perform at a higher level and feel greater commitment to an employer. However, job security works best as a motivator when employees see a connection between job retention and their own performance. His last point ruined the whole talk.
@vikramdoshi6890
@vikramdoshi6890 5 жыл бұрын
Send Foodgrains in my Capacity to Kerala
@pratyushsingh4981
@pratyushsingh4981 5 жыл бұрын
good insight, however 1- India being 100% literate is factually incorrect , 2- Policies such as bankruptcy ( e.g. quoted Bhushan Steel was okay).. will give clearer exit by debt ridden corporate .. and lead to corruptions with collusion. Jayeee group noida, studied that?..
@amannoobs
@amannoobs 6 жыл бұрын
Sir all these talks will always remain a joke for a person like me. It'll always be related to politics in this failure system. The politician who lives on the next block where I live has accumulated wealth of 300 crores. Not lying as my father is in real estate and he knows many big shots. Property and money of his combined has given him this. There are 1000s of others like him who are voted by people of the slums. Then a friend of mine who is lower caste got a government job and within 3 years he has bought himself a 3bhk apartment for 1cr. How can a country improve with shit like this?
@swatidas3467
@swatidas3467 6 жыл бұрын
buckethead 90 you are from which state?
@amannoobs
@amannoobs 6 жыл бұрын
@@swatidas3467 maharashtra. Pune to be specific. Our city could be having good roads magnificient bridges and decent quality public transportation. But nothing gets done and each politician is a sadakchap goon stacking up crore of rupees and comes to power by gathering votes from the mass population living in the slums. I've seen everything first hand and only after I turned 15 I could move to a decent neighbourhood with educated populace with an open minded culture
@shreyjain7293
@shreyjain7293 6 жыл бұрын
So what would tell about sharad powar who owns the land of lavasa and major sugar mills of karnataka and maharashtra
@tejaspatel1524
@tejaspatel1524 6 жыл бұрын
allow opportunity to someone poor it make them going to be rich then only your father which he build sell if its more people become richer then also not only you but so many other also grow with poor's increase buying capacity.
@tejaspatel1524
@tejaspatel1524 6 жыл бұрын
buddy you are not open minded man. You worth only same as your wealth value. you move to rich neighborhood. How many people you help in your life without anything in return or in your or your father employees? As a politician have same reputation as builders in India so if everyone same as bad then why complain?
@DippinSauc
@DippinSauc 5 жыл бұрын
Hahaha lol
@rccapur
@rccapur 5 жыл бұрын
70 saal ki independence ke baad hod lagi hai sab jation me ki vo pichri jaati ke hain aur congress unko incite kar rahi hai aur padalikha chatukar mmsingh chup
@rccapur
@rccapur 5 жыл бұрын
gulam mansikta ka pratik mmsingh exposed, illiterate better than padalikha chatukar kzfaq.info/get/bejne/o66Zoc2KnMicdY0.html
@RaviKumar-kd8tr
@RaviKumar-kd8tr 2 жыл бұрын
Modi aim only to make Adani and Ambani richest and as on today both these persons income is 1100 crores a day
@atharvak5748
@atharvak5748 6 жыл бұрын
I am pro Modi guy but, I am not sure how a Fund Manager can have perspective about Economy. I mean anyone can, no issues, still Fund Managers are all about making Profits in Finance. And Dalal Street doesn't and shouldn't be an index for economy. Let's see, I am judging the book by its cover, will edit this comment at the end of the talk.
@mridulagrawal6687
@mridulagrawal6687 6 жыл бұрын
It's becoz he studied economics,and 2ndly,Dalal Street's movement depends on economics,if a country's economics is not right,how can the sensex r nifty index go up?
@mridulagrawal6687
@mridulagrawal6687 6 жыл бұрын
Indexes r not a barometer for economy but,economy is definitely a big barometer for index
@bindurao3463
@bindurao3463 5 жыл бұрын
If you assume Fund managers do not need to understand MACROECONOMICS, you are mistaken
@atharvak5748
@atharvak5748 5 жыл бұрын
I have been receiving a lot of pseudo logic since I made the comment. Yes you all are correct fund managers can interpret macro economy even you can. That was never the point of my comment. Growth should be spread proportionately. Again I am not using the word equal distribution of wealth, I m not a Communist. Fund managers are trained to have only certain view of economy. Making profits is the key for them very few give shot about the hollistic picture.. Yes I watched the full video and it made me realize though I made the comment in haste I am not completely wrong
@atharvak5748
@atharvak5748 5 жыл бұрын
@ I never used the term "just" And I know who and what he is But his other credentials are irrelevant when he is talking about eco
@vasukinagabhushan
@vasukinagabhushan 6 жыл бұрын
Gupta says that India was in decline economically for thousand years which is factually incorrect. India had the second largest economy after China in 1800 AD.
@sashanklavu2572
@sashanklavu2572 6 жыл бұрын
India was the largest in around 1100's
@ritajha7302
@ritajha7302 5 жыл бұрын
Percentage share of gdp was always going down
@bindurao3463
@bindurao3463 5 жыл бұрын
Can you check if per capita GDP / per capita income was as he says? The size of the whole economy is perhaps a different criteria.
@kumar4768
@kumar4768 5 жыл бұрын
What were british servants nehru indira rajiv doing?
@monsterchopper1613
@monsterchopper1613 6 жыл бұрын
Janitor in gujarat has a pick up truck.....
@RahulGupta-ur5xz
@RahulGupta-ur5xz 3 жыл бұрын
Modi is fool
@vc2616
@vc2616 5 жыл бұрын
World recession has knocked every country, Modi is doing well
@bmwman5
@bmwman5 6 жыл бұрын
What a load of BS..! This guy pulls numbers and statements out of thin air with no basis...
@kprasann1979
@kprasann1979 5 жыл бұрын
100% literacy rate below 18yrs in India .... Is he joking ?????
@VSM101
@VSM101 5 жыл бұрын
I hate that the truth offends converted trash like yourself also....The guy is telling the truth and please read Shashi Tharoor the age of darkness.He says the economists are yet to agree on the figures what he gave was an average ballpark figure.
@VSM101
@VSM101 5 жыл бұрын
@@kprasann1979 Literacy definition in India - If a person is above 7 year of age and can read and write with understanding will be considered as Literate person . so if a person who never went to school but can read and write is called Literate . So Mr. Gupta is correct we are close to 100% under 18, even in tribal area children can at least read and write.
@VSM101
@VSM101 5 жыл бұрын
@@kprasann1979 Literacy definition in India - If a person is above 7 year of age and can read and write with understanding will be considered as Literate person . so if a person who never went to school but can read and write is called Literate . So Mr. Gupta is correct we are close to 100% under 18, even in tribal area children can at least read and write.
@user-zw7bk3qn5q
@user-zw7bk3qn5q 5 жыл бұрын
We r killed with Taxes and modi deserves honours for that.
@kashifkkvlog8342
@kashifkkvlog8342 5 жыл бұрын
Isko bolte hai Baniya jhut kitni chaliki se bolta hai
@bindurao3463
@bindurao3463 5 жыл бұрын
Aap apne sach dikayiye. Sach to apko shayed pata nahi lagega, keval asatya ka practice karte ho.
@sheman2470
@sheman2470 5 жыл бұрын
Ha ha. Why am I watching this s**t. Blocked
@neeranarayan6525
@neeranarayan6525 5 жыл бұрын
Why he is not talking about 2004 thru 2014! Living outside of India I visited India most during this time period sometimes twice a year and every time observed amazing uplift in the living standards of everyone - my family and friends and even their help and the people on the street. It was more than obvious India and Indians have progressed on exponential level in this 10 years compared to earlier time and rightly the credit must be given to Manmohan Singh Ji who happened to be a world renowned economist!! With Modi to give him any credit for economic growth is just a farce specially with a blunder like demonetization and their effort to hide the realities under tempered data and new formulas to calculate GDP!! I understand Modi even distorted the GST model of UPA and implemented it very inefficiently in a unbelievable crude manner!! Looks like under Modi the emphasis is publicizing every little or normal progress to the nth level and the epitome is when PM try to showcase 9 km of highway in the level as if Indian astronauts have landed on moon!! What ever Modi is propagating he has done or what this guy is trying to imply in subtle way was done more before Modi came and more efficiently and very noticeable for anyone to observe even if they visited India within 6 months!! If India can go back to economic growth achieved during Manmohan Singh time, it certainly would be fortunate for every Indian!! But for that Indian need leader with proper education, vision and substance and not propogaters and lie spreaders whose primary occupation is self image building and electoral campaigning using ugliest of the ugly tactics of polarization of nation, blame games and hate speeches!!
@lambdatraveller4316
@lambdatraveller4316 5 жыл бұрын
No economists is better without data and examples.. Boring.. feels like reading headlines of economic times
@mayankbariar2930
@mayankbariar2930 5 жыл бұрын
It's an insult to economists by coining economics after an illiterate Modi.....Manmohan Singh was an extraordinary economist so it's called Manmohanomics
@CA.EBITDA
@CA.EBITDA 5 жыл бұрын
Mayank Bariar thats called MONMOHANNOMICS...
@mayankbariar2930
@mayankbariar2930 5 жыл бұрын
@@CA.EBITDA you deal with your superstar economist Modi
@mayankbariar2930
@mayankbariar2930 5 жыл бұрын
@@niranjanlalla2277 don't be a fool...Manmohan Singh globalised the Indian economy
@mayankbariar2930
@mayankbariar2930 5 жыл бұрын
@@niranjanlalla2277 you should also respect our former PM
@91873delete
@91873delete 5 жыл бұрын
Who says MMS is not good economist, But he is binded by the useless bunch of congressis. You calling Modi illiterate is fine but what is your contribution to the country. Atleast Modi is trying new things on trial and error basis and implementing them at the macro level. Just because you have some keyboard to type doesn't mean you are so much literate, you fool
@rajvarma9021
@rajvarma9021 5 жыл бұрын
There is no economic policy by this GOVT. FEKU
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