Bhai ek podcast pension scheme par tha tumahara about OPS and NPS scheme Kal monsoon budget aa Jane ke baad agar ek podcast pension schemes aa jaye about the discussion and solutions on people who got their permanent jobs after 2004 when OPS scheme ended please if possible
You're saying be an independent thinker. What if i say that i independently think that one shouldn't be an independent thinker? We should probably be very careful before we trade in absolutes.
Its so sad that the librarian now at the Sapru is such a shitty person and the library becoming a place of propoganda of the Current government in power, the librarian specially is a very unwelcoming person, thinks of himself as some sort of badshah with Malikana rights over the library, the library administration is equally shitty, though one could still find a brilliant collection of classics if one has the eyes and the apppetite for books. All and all, the aura of a library meant for researchers is not serving its purpose of continuous critical inquiry rather it is now occupied and filled with UPSC aspirant, majorly people without critical questions and opinions but very bereaucratic confirmist attitude towards life and the world outside. The collection there is not much used because the space meant for scholars supposed to be used by researchers is dominated by aspirants. A very sad story but a true one. Same logic applies to the trust library Dayal Singh at ITO.
Well I just finished the marathon. Longest podcast that I have ever listened too. It feels like thanking both of you would be too shallow. I would just say as a non economist this was phenomenal and lucky me that the algo gods brought me here.
I read in a livemint article which cited Angus Maddison's time series on world GDP that CAGR for real GDP growth in India during Nehru was just 1.68%. And during pre independence time, between 1900 to 1947 was even worse was at 0.07%
Sowmya and Amit, this is the most inspirational TSATU episode I've heard. Sowmya is an epitome of a humble human with inhuman resolve. Her journey is remarkable. Thank you for speaking with her Amit!
Phenomenal podcast! Agree on the diagnosis but disagree with the prescription! NDA despite all the shortcomings you've highlighted, remains the best bet for India. K shaped growth is indeed true but hopefully rural India turns the corner soon and the issue doesn't get perpetuated!
I disagree heartilty with the fact that "socialist" is a bad word. Agreed that the implementation was flawed, but it gave a lot of security when it comes to welfare, pensions, nationalized rail and air. Agreed that capital and trade limitations put by socialist policies were disastrous, but the way we did market liberization was also flawed. Most of the fears of Nehru are now coming true with Adani and Ambani becoming monopolies. Foreign investments and businesses coming into the country without understanding the market, selling us products and services that people of India didn't want. Then the same companies buying up home grown successful businesses, example Coca Cola bought up so many desi businesses. Capitalism is great (for the opportunists), but it's an unforgiving beast if left unchecked. The state currently is working with monopolies and letting them run major sectors. Small businesses are not being encouraged. I am not going to count uncorn companies, as start ups are failing as they follow trends, are profit motivated and most of them cater to the upper middle class market. India needs large scale manufacturing capabilities, it does not seem like the large capitalists are interested in that. Skill India was a failure. Foreign investors only see India as a service sector country, not a manufacturing hub. Labor laws, labor safety, fair wages are all in existence even in the most capitalist countries like USA. India needs to respect its own workers, provide them the opportunities - the state can help in that, since the private sector isn't quite interested in training and using Indian labor, which would be possible through socialism, and with support and help of capitalists.
Whenever I start losing faith in public discourse I come and listen to this masterful conversation. This is also Amit Verma at his finest. It is my ill luck that I could not get a teacher like Mr Pratap Mehta in my life at any stage. “The Seen and the Unseen” is above all an exercise in self-education and public education - the sort of which birthed the American founding fathers - men like George Washington and Lincoln - who were proudly self educated through great books, great experience and great dialogue.
Kushal is a cultural determinist who think since you are brought up in Indian society, you must be a certain way. He doesn’t give space to plurality. All his fiasco about bickering about Atheism shows it. While he is Ok if you call yourself nashtik and start singing glories of Hindu religion.
I have hardly ever commented on a youtube video but i am so glad that this morning is divorced this gem here. Phenomenal!! And i regularly hear to podcasts like the lex Fridman, triggernometry etc this truly stands out! The sheer length of it and the details speakers have gone into makes it so insightful for someone who knows about Indian economy just from the generic conversation/news here and there.
FANTASTIC and such great insights. Everything comes together. Could you also please make such an episode on 200 years of US economic transformation & side commentary of how India can learn from different phases
0:00:00 Intro 0:55:00 Nehru's intentions and major policies 1:37:00 Failings of the central planning model 1:52:39 Price control & dependence on foreign aid 2:01:57 Consequences of Nehru's policies - good and bad 2:13:54 How MSP (minimum support price) ruins market signals and harms the economy 2:29:10 Chinese protectionist policies during Nehru's time 2:31:00 (1966-1977) Darkest era in Indian economy under Indira 2:45:00 State violence & taxation 3:05:00 Seeds of Corruption being sown 3:18:00 Economic reasons for declaring Emergency 3:22:00 Deng Xaoping opens Chinese economy (Indian parallels) 3:38:00 India right before 1991 liberalisation (Will keep updating as I go along)
4:32:29 - I think this is where economists tend to get carried away with only prioritising what they can quantity. Judgements outside policies cannot be dispensed. Also, number of equity retail subscribers are not 90cr. It's less than 20% of that number. But overall, outstanding discussion. Thank you.
Focus more on issues, not on individuals. Well, you can do whatever you want but your guests are not so important that people will spend 2-3 hours listening about them.
Regarding the sale of agricultural land...In urban planning there is a concept of zoning. It is very much needed for streamlined development, otherwise it will be quite chaotic. Most developed countries embrace zoning...
The speculation about india's gdp growth slowdown contradicts satellite night lights imagery data over the last decade. Other factors like energy consumption, freight usage have also increased. Covid might have impacted growth but i believe from the above data we can assume its improving
There are eerie similarities between the sub prime mortgage crisis in the US and the current unsecured personal loan crisis in India. It’s not hard to see it. Wonder why the financial markets system is ignoring it. We know the consequences. We have seen it in 2008.
Would be interesting to do an EiE episode on the essential commodities act ;). The idea was to deal with market failure for a temporary period until the market corrects. For example during war shortages where hoarding is common. This intervention by government happens frequently for agri products. Unfortunately it is in the form of irrational orders. The government could intervene on the supply side but it is too lazy to do so despite having stocks in FCI. Sadly the orders seem to be permanent for some sectors - eg pharma, in a completely irrational manner.
There is reluctance by foreigners to invest in india = low levels of FDI, is plainly because they see the reluctance of Indian corporates to invest. If Indians don’t have confidence in the Indian government and economy, no amount of foreign visits by politicians will be persuasive.
Amit and Rajeswari, thank you for this labor of love! I want to commend you on the structure of this episode. Breaking it down into 4 eras and diving deep into each one of them was easy to follow. The camaraderie between the two of created excellent flow. As others have said, the clarity of thought is remarkable. Great work!
