Economist explains why India can never grow like China 

paje ets will fil up here and complain and say china is collapsing

you didnt talk about non tariff measures?, india right now does not have free access to western markets the way china did

Interesting analysis. However, you missed two important differences. One, India net exported engineers, software engineers in particular, to the West. Brain drain? Second, the carry traders in the US took the billions that the FED in the US made available thru their quantitative easing (QE1,QE2, etc) program and moved it off shore buying Chinese bonds that were not selling well because there wasn't enough world wide demand by foreign investors in the private sector at the time. This also explains why the QEs didn't add a lot of inflationary pressure to the US economy. The carry traders moved most of it off shore flooding the Chinese economy with US dollars. Billions with each QE. This also explains the growth of the Chinese real estate sector bubble as Chinese banks struggled to find places to loan the bond money out. This was one of the better analyses that I've seen. Keep up the good work.

Oh, by the way, the net export of H1b engineers to the US flooded the market suppressing wages in the US. That in turn displaced American engineers. Many of which left or telecommuted to China causing a brain drain here in the US at the time.

Please do an EU version. I would love to see what experts think and how it compares to the US or India, etc.

Sounds bullish to me

the problem of the two party state

India is made to be stagnant and ineffective but stable 3rd world country

Chinese Bot's are working hard these days😑

@@cokedupnormies2651 India has collision party system be educated

Fast and efficient China, on the other hand slow to response inida, full of much politics to much overlapping bureaucracy

⁠​⁠@@enriquemino9963 3 Hours is way too quick. That’s just dangerous. Leaves the process vulnerable to fraud, corruption and tons of new small companies selling unsafe products because they haven’t been vetted properly

​@@enriquemino9963 Democratic Hindia is very corrupted.

You are not joking 😃

3 hours in China. In India even 3 years the investors are still waiting for the licence.

european beurocracy

@@ayatahm9987 yup she is derived from and illegally born from them. not india

Accha??

@@Alphation what? Who are you referring she?

toilets!

you want to get something done in India, bhul jaao ho hi nahi sakta!

agree

Health and Education are state subject not centre.

I agree with a lot of your points. But growth needs to be viewed in the context of inflation. Government figures of inflation are 4.75%. So if you are growing at 7.00% your actual growth (after elimination of effect of inflation) is only 2.25%.

"lawda ka anaysis" look,when you have targetted the religion of "hindu" and called the caste system then you have showen you are already biased. see,how israel is improving and improved,will indians take action against muslims? i am talking about the common indians,and the answer is "no". jitna minorities ka pyer chato khangress ka tarha

It's like an American Ambassador once said... India is a functioning anarchy. Somehow.. it keeps going :P

Economics Explained has fallen way off. I definitely come here way more often now.

And I actually can understand this host.

EE nowadays are mere Propagandist with typical Unrealistic American "Source is that I made it up"

Economics explained also has done while not awful morally not great stuff

@@m1l3s27 Yeah. He has fallen off but there are times he gets it right. For example he was mostly correct on his latest video on the Philippines.

lol

This so true. Cuz Indian talents once gone overseas would NOT return to invest back in their own country. Cuz they know they do not get the pay and quality of life that they experience overseas. As compared to China's returning talents that builds China and is largely nationalistic too.

Nxt factory of the world for sure! History will repeat again! most richest persons and cities in the world will be indian in the year 2030! if you laugh in my comment then you are fool because you have to wait until 2030!

@@UNKNOWNWORLD-k9s LOL NOT happening ! when policies and current climate remains. Not forgetting the dirty tactics of India done on FDI businesses ...

china attracts talent? No, they dont lmao

😂😂😂

😂😂.. Bihar hold India's PCI down.. Bihar is an intellectual hub 4 stupid ideologies, socialism, social justice, mandal commission, caste census etc.. Bihar should be further divided into 2 states.. At least part will grow..

You got me in the first half ngl

China also has a lot of shoddy buildings, infrastructure

@@robertewalt7789 I was in China last week, I did not see any shoddy buildings like we have in India.

Even the educated Indians have no class. Money can't buy class. Moment those so called rich and educated Indians speak, one knows their class. Behaviour wise Indian are not Asian but something else and that is Indian.

And Papua New Guinea

@@bopian8913😂

what competition in terms of?

@@bopian8913 bro my city has 10 times the GDP of papua new guinea😂😂😂😂 and still less population!

Nope, just a handful of nations from Africa. Mexico is far better.

u make me laugh, after a long day at work...... most funiest comment of the day

PRRROUDDD TO BEE INDDIIAAAN!!!!

Yes saaar

The funniest thing about this is that the Chinese bot farm owner took a break from his day to roast the Indian Internet Defence force

Please no 😢

You can't Soviet block countries rebuild society from the ground up after destroying the feudal structure, is India going to have a peasant uprising soon?

Corruption yes but old Soviet levels I don't think so... But yes corruption is really prevalent here

Yeah I was told a story about this guy here in the states on how he had to pay off so many just to get his buisness running. Then once they learned he was doing well they extorted him more. So he came to the states. Don't they also favor Indian businesses really hard too? I remember reading they tried that whole, "No imports. Only support our local buisness" model. The caste system is just wild to me everytime I read about it. Not just that, but I learned that they have a North versus South racism issue. Not sure how big of an issue that is for economic growth, but I can't imagine it helps the country as a whole.

I think your indian friends might’ve oversold you on the corruption part; corruption exists yes, but post-soviet levels is a stretch but it might exist in some of the poorest states mentioned in the video. The problem is actually bureaucratic red tape and just how slow it is to overcome

@@dianapennepacker6854 India is the graveyard of foreign corporations.

The problem with that is that no amount of people who wants to solve the problem banding together and saying "we" acknowledge our problems, the problematic people aren't a part of that "we". Accountability must be imposed on someone by someone with the authority and power do to so. This means that people who want to solve the problem need to obtain power. That simple.

@rupanjan What you commented, sounds that India replicated US perverted sense of democracy. US racism is equal to India caste system, they can't overcome this sense of superiority complex.

I work with both india's indian and china's chinese, the different in work ethic is too obvious, china's chinese work so fast and reponsive, while india's indian is too slow to follow instruction, then I also work with malaysia's indian and malaysia's chinese, both are equally great in knowledge ,work ethic and so friendly also.

...Western slavery(Ghulam) and corrupt parliamentary democracy destroyed naturally rich India forever..........(Terrorist country America wants to rule over India now).." America is World´s biggest terrorist country and threat to the World peace"- Noam Chomsky( American Author)..... Al Qaeda, Taliban , IS etc all terrorists groups were created and funded by American CIA and Pentagon to dictate Middle- East, Gulf nations etc and loot Arab nations vast petrol reserves forever ..........

India's problem is trying to compare itself to China. China didn't become the oldest continuous civilization on earth by being just another nation, China in a league of its own. Compared to every other country India's not doing that bad, and India will almost certainly become the world's second largest economy. Of course US will not give us its #2 spot easily, so it's how to fight past America that India really need to figure out sooner than later.

Maybe because not all reform is a progress? The only tax that was reduced in last 10 years was wealth tax - which was abolished in 2016. The amount of tax money forgone was $300B+, which is 2.5x the annual income tax collected by the Federal government. Taxes on everything have increased - even sending your own money to yourself or to your family abroad is taxed. Then everything is just owned in India by 2-3 companies. 10 years ago there were more than 10 telecom companies in India. Now only 2 are left. There is no session handover, which results in the fact you loose cellphone signal even while walking. This level of centralization is unheard of. That 5G is hardly 5G if you cannot even use it.

For India,the Western democracy is a kind of cult.

​@@rishabdhar6900U think even farm and labour reforms are not progressive?

65 years of secular entitlements 😂

@@amantiwari4987 I don't think they are progressive. Farm laws have a hidden agenda to wipe out the existing farmers from their land. And where are they supposed to go? There are hardly any jobs left in economy. Whatever jobs are there are being cut with AI. The level of wastage of capital in India is enormous. Most Indian cities I have been to are not even walkable (in a country where 95% population does not own any cars), and meanwhile we are building urban expressways for car owners for billions of Dollars, when just building sidewalks and bicycle roads would not only cost a few million dollars, but also save huge sums of money of oil imports. How does the government package it for citizens? We spent billions to save millions. No you don't save money by spending money. This is the worst logic I have heard. Another scam and lie that you are being fed is the chicken neck problem, because of which India invested billions of Dollars in Bhutan for hydro electric dams. The promise - Bhutan will export electricity. Meanwhile Bhutan is adding 6 mega scale Bitcoin mining facility. They have been mining Bitcoin since 2017, and probably have thousands of Bitcoin if not tens of thousands from mining Bitcoin. What is the Indian government doing? Taxing Bitcoin at 30% and making it impossible for Indians to preserve their wealth. Another lie, UPI is spreading. The only people using UPI are metro city bonded labor of middle class, meanwhile the entire country is using cash or USDT. On top of that, UPI being exported to Bhutan is another scam. Bhutan allows you to purchase Bitcoin with Indian rupees completely tax free. Bhutan is effectively dumping Indian rupees for Bitcoin. And they didn't even need to spend money to build a payment system for it. Another scam, the Adhar. All your data is with government. Anyone can abuse it. What does Bhutan do? Partners with Singapore and builds a solution on Blockchain so that even the government cannot abuse the privacy of the citizen.

Look man, we (the Chinese) do not disrespect the Indians. Whenever we have an Indian boss, we are scare because you guys work really really hard. There is no rooms for us to hide in a company when the VP is an Indian. Though we hate to have an Indian boss (as a worker), but as an investor, I love having some elements of Indians in the management mix. Sort of keeps everyone on their toe. However, here is the problem, most of great Indian management and R&D and whatever role that could be, the brainiest Indians, they all work abroad and mostly for United States! That is the problem of India!!

It's not that india will go in negative. It'll still become a middle income country. Life is fairly good for them too.

His video is based on books by two people. This isn't gospel truth or what will happen for sure. These are the same people who were predicting China to become a super power, championing it a few years ago while its cities were (and still are) crumbling, people are eating sewer oil and begging companies to not leave China on their knees. India's growth is already happening, which is why even the market was backing Modi (I am a centrist so I didn't even vote for any party tbh). This video basically talks about past and not the current. No one can predict the future.

Then change brother, no use crying. We have to work instead of crying.

@@desmasicbro can you get a reality check? Nobody is eating sewer oil in China. That’s a false incident in China that was blown out of proportion by western media. Oil taken from recycle was for refinery for biofuel and other products. You just can’t get past your hate about the success of China. Meanwhile in India 60-80% of the population still shit on the streets

perfectly summed up

Out of curiosity where did you get this 75%.

​@@dylanalmeida7987Just check Female Labor Force Participation rate... It peaked in 2000s then has been falling ever since

You have stated an overlooked factor for manufacturing growth. Most of the factory workers in China are women.

Uhhh....what year report is this ?? Edit:- women labour force is around 33%, which was around 23% in 2017-2018, so I would call that an increment.

​@@ananthuajay6470last time I checked it was growing.

He forgot one key detail that while Chinese mainlanders are known to be rude and unhygienic themselves, nothing beats India when it comes to their rivers and rape.

Same

Actually if you look just at West India (Gujarat and Maharashtra) or South India (Madrasis) those regions growth have surpassed Chinas equivalent growth rate at the similar period. It’s only due to East India and the glut of North India particularly cowbelt that India lags behind China

@@debodatta7398 That isn't news. That's been the case since independence, and frankly even before independence. The so-called BIMARU states even literally have an acronym for themselves that encapsulates that.

If India was less arrogant, it could work with China instead of against China out of jealousy. Modi rejected BYD investment into India last year. Now BYD has invested in Europe instead 🤦🏻‍♂️

Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong. .

Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.

I think l'm blessed if not I wouldn't have met someone who is as spectacular as expert mrs Janet.. Highly recommended🙌

​Wow, I'm surprised to see Janet mentioned here as well. I didn't know she had been kind to so many people

​I'm also a huge beneficiary of her.. I thought myself and my family were the only ones enjoying Janet trade benefits

Buddy, compounding interest is very powerful. Yes, initially, the higher economy will grow more raw figure wise, but it won't take long for the smaller economy to overtake the larger if it grows consistently at 7%, while the larger grows at 4%. Model it on a spreadsheet and you'll see.

@@MountainPork22 I just did the modeling on a spreadsheet, with China at a 4% growth rate and India at a 7% growth rate and the USA at a 6% growth rate. As it stands today, it would take India around 75 years to even come close to China.

@@CombatHD3 Assuming China's GDP is actually real and sustainable. With increasing evidence to the contrary, such as the constant power cuts and the increasingly creaky infrastructure and its serious social problems, I doubt the GDP numbers are correct.

@CombatHD3 75 years in human history is nothing. Also, I believe a few years after it would overtake the country that started off 5 times larger. China took about that time to get where they are now from 1950s and most people wouldn't argue the growth was miraculous. The original commenter said the gap would still widen, I am saying that is not true. Gap will close, growth rate is king, not where you start.

​@@CombatHD3USA at 6% growth 😮 It's at 2%

Totally agree. In the 1980s, Hong Kong was the vehicle for China’s growth. Hong Kong was the middleman facilitating between inexperienced China and foreign investors.

Overseas Chinese were a very important source of foreign direct investment during the early reform years when western firms were still reluctant to invest in mainland China. Shelley Rigger wrote a book specifically on the role of Taiwanese entrepreneurs in connecting the mainland to overseas capital, technology and supply chains. [Rigger, S. (2021). The Tiger Leading the Dragon: How Taiwan Propelled China's Economic Rise] This happened at an opportune time as FDI flows for manufacturing were moving away from the increasingly more costly East Asian economies (Japan, Taiwan) and towards Southeast Asia. The Chinese economy was able to capture these flows and become the main recipient.

The actual solution: Socialist revolution (Marxism-Leninism). Indian and Western "experts" and "academics": NO WE NEED TO JUSTIFY OUR CAPITALIST SYSTEM AND LIBERAL DEMOCRACY, LET'S BLAME MUSLIMS AND CULTURE! What made China big: A socialist constitution. A communist vanguard party. A meritocratic political system that puts competent people in charge. Ensuring that leadership has a lot of scientists. True democracy where most politicians come from the working class. Survey-based politics. Strong central planning. Focus on education and infrastructure. Non of which would have been possible without communist revolution and the removal of the bourgeois class from leadership positions. The funniest part is that the guy in the video never even asked Chinese economists how they did it. Instead, he asked other Indian/Western capitalists. And that's why India (or the West) will never emulate China's growth story (which happened thanks to COMMUNISM) - they don't try and learn from China. These "experts" go to great lengths to describe what China achieved: Better education, better infrastructure, etc. but never bother to try and understand what made it all possible (communist leadership). Another funny part is the Western understanding of history here: "China liberalized its economy". No. Socialist countries always have free economies. What happened is that China tricked the US into allowing it to join the WTO which meant it was finally allowed to trade on the international market. It isn't China that liberalized... it was the imperialist world that liberalized. Turns out that when socialist economies are allowed to compete freely with capitalist economies... socialist economies always win. That was Deng's genius: Making Westerners believe that they were liberalizing while really maintaining tight control over everything. By the way: "Attracting FDI" is a ridiculous lie trying to promote the idea that countries must allow foreign countries to buy up their industries and resources - FDI only makes up something like 1% of the Chinese economy. China also only allows foreigners to invest into some publicly listed companies... and when you invest in Chinese companies you get zero rights to the companies, no voting rights whatsoever, it's just a profit sharing scheme. FDI is mostly a diplomatic tool.

Then why isn't Indian diaspora helping India out of poverty and mediocrity. If we imported even one million Indians who have settled abroad like in US, UK, Canada etc will they be able to turn around the India story into a miraculous one?

That's not really a valid point because you are assuming India doesn't have a knowledgeable diaspora. The fact is BOTH sides have approximately equal knowledgeable diasporas. So the net effect for this comparison is .... ZERO.

And when Indians talk they just can’t control themselves to stop.

Lol. Sure. GDP is growing because of India's garrulous tendencies.

​@@AnkhArcRod Thanks to the pookies adani and ambani while the rest of the indians remain poor as shit. Check the wealth inequality difference btw china and India.

This. I noticed the difference in attitude in Chinese and Indians. Indians will talk a lot and over promise but under deliver. Chinese just say what is needed and show their worth through results

India social caste system triggers brain drain to other developed economies.

One week for a SIM card 😳😮

@@saneeshkaithathara4241 No kidding man, I almost gave up, they gave me every possible excuse for not able to sell SIM card and internet service to foreigners. I actually had to look their regulations up and show it to them to convince them to sell me a SIM card

It takes literally 30.minutes to get a sim card for an Indian.

Now you can get sim card within a day

i am guessing it was a decade or so ago , now its a matter of hours in not minutes! They do home delivery in 3 hours for fuck sake!

in some ways, china never changed. it was the same in ancient china when people took the imperial exams to find the best government officials. obviously it was an objective metric which tried to put the best candidate for the job. and they all worked under one emperor who held absolute power.

​@@jjsamuelgunn1136怎么说呢，中国在政府部门工作的人，特别是决策层，这些都是专业人士，一步一步走到高位的，在中国，不允许一个商人直接当主席，它必须在地方当过官，对社会有绝对的认识， 有一句话说：专业的人做专业的事。

Demographic dividend is an overhyped narrative. There are many nations in the Middle East, Africa and Latin America with youthful population but few are displaying any significant economic dynamism. Most advanced nations are experiencing population decline but their economy is still robust. A nation’s economic dynamism is highly dependent on what it does with its human resources and not on how large or youthful it is. A young population is an advantage but it isn’t the major driver.

@@wong3150 'Most advanced nations are experiencing population decline but their economy is still robust' - the first part of your comment is true, but this second isn't. Most advanced nations are in an economic slump, the few that aren't tend to have heavy immigration.

Industrial Automation can easily solved the production issues these days, provided with good finance system, Electricity and water, transportation and logistics.

​@@ArawnOfAnnwn from what I see, "economy is robust" in Wong3150's comment was to point out the diversity and capacity of advanced nations' economy, particularly in full employment. Something, which many but a few developing countries like China, still aren't able to achieve but to rely heavily on importation, exporting a little in return.

There is no demographic dividend for India. Only the privileged rich and upper caste who afford private schooling acquire an education comparable to that offered by China and the west.

No way bro😂 India is rock star😅in manufacturing 🎉 Just like what FP and Wion kept dishing out on ytube 🎉🎉🎉 India must keep rising🎉🎉🎉 So that the global economic will thrive🎉🎉🎉🎉🎉

☝️🤓

​@@Will.i.am55555that's also true story reported by wion and fp. Don't know why you are sceptical about it's legitimacy

I've always though India has a good Information Technology sector. If they're not "educated", how do you explain that level of success? The majority of Database Engineers I worked with were from India, and they were very good at their jobs. I don't know if those engineers resided in the USA, but they were definitely from India.

@@cotizacionesequipo1719 yup . India leads in IT. but he is also correct. IIT and IIITs plays a bigger part in India's IT revolution. But we are lacking in all other sectors due to decade old syllabus and faulty system. Even IITs have old curriculum. We need to revamp and create a solid education system to push ourselves in coming decades and bring another revolution in Indian youth.

Please leave India for good. Go to the PRC.

Bro where to get fake mbbs degrees we want to open hospital

@@jaishree701 UPI money to Modiji’s NTA NEET setup and get a seat!

​@@DevKulkarnibot propaganda here too damn learn English first bot

Are doctors also human ? One of my friend was doctor later he cleared some government exam and now he's a postmortem Expert and believe he often ask me crazy questions like what is life ? 🤔

@@blazingguyop Lol kaash students ke paas adani jitna paisa hota bot chalane ke liye. Fir Modiji aisa mazak nahi karte students ke saath.

I agree 👍

Yes,...

​@@syedanas2806ofcourse for a mulla kafir existing is always a problem

​@@syedanas2806 No no... its A Desert Cult 🤫

Exactly, India's biggest enemy is their own cultural BS that they desperately need to outgrow

We have had a 3000 year start, forgive us we haven’t attacked family structure into desolation like china

sry to say that but india's population is now falling in recent years and growth had been slow down to 2.1 from 2.8 last years ,just check the articles and reports! source:- wikipedia

That too is gone TFR 2.1

Wrong, India's demography is falling like hell. If we grow more it will fall to abyss like South Korea.

​@@tinguzzBut aren't youth running to literally every country? You can find large communities of indians in almost every country

India does not have the infrastructure to even compete with Vietnam, Indonesia let alone China.

I agree. Southeast Asia is India’s true competitor at the moment, not China. Especially since Southeast Asia is heavily plugged into Chinese supply chains, which make them the natural choice for many manufacturers.

@@diesirae7102 The only country in SEA that could rival India in manpower concentration is Indonesia and they are hamstrung by terrible geography (in a supply chain sense - all the islands don't help). Vietnam has clearly been ahead of India in realizing potential in manufacturing but thats because it got its act together first - India's potential is still bigger. India is a competitor to China both from the low and high end in the sense that they have the potential to take away manufacturing jobs due to lower labor costs, but argueably they have been more successful in taking away the service-sector jobs that China truly needs to escape the middle-income trap. Lower costs (Bengaluru is a shitload cheaper than Shenzhen), better English proficiency, and (for tech) less of a need to silo off operations given recent laws in China, this is before the recent geopolitical instabilites that make China less favorable.

@@MattY-ed1ep Invalid comparison. India does not have the centralized system that makes investing in a single country advantageous over a multi-country bloc. Getting approval in Delhi, to manufacturing in Assam, to programming in Tamil Nadu, to marketing in Maharastra is no different than doing all of that in four different nations. Those states all have different rules, different languages, and to top it all off, different politicians you have to bribe. India isn't competing against any specific SEA nation. It's competing against ASEAN as a whole. Investing in "India" isn't investing in a single nation, but a collection of 27 states (and 8 union territories). And if I'm a FDI, ASEAN is far more attractive as a destination than India.

​@@MattY-ed1epIndia hasn't been China's competitor for a long time. Indians like to see themselves as such but hardly anyone in the world sees that. China outsource its cheap manufacturing because wages have increased significantly and it's not a place for cheap manufacturing anymore hence why the shift to SEA.

Glad you liked it

youtube.com/@jerrystakeonchina799?si=I39N00IlO8rHn8Dy 🧐

你得丟下你的偏見。🧐

Anyone who follows Raghuram Rajan knows how politically motivated are his opinions. One need not require a PHd to understand whether India is developing or not, and in what direction it is going to take in future. It will never be like China or western countries or Arab world. India will remain dusty, over crowded, polluted and corrupt, but most Indians will come out of poverty, and many will become significantly rich. Concept of quality of life is much different for most of the people living in India. For them, getting the best Indian food, watching movies in the best multiplexes, shopping at the best malls, bargaining at the largest markets, celebrating festivals and marriages as if there is no tomorrow, buying large cars which can take even the neighbours as well, being able to make the best pilgrimages, getting the best Wifi connection, being able to watch cricket non-stop, etc constitute what they consider as high class living and happy life. What makes most Indians happy and satisfied is entirely different when compared to that for people in China or Europe or America. So even when 99% Indians start living a satisfied and happy life, still those westerners who visit India may find it terrible.

@@Cannoli_JJ Well yeah, you gotta diagnose a problem before attempting to solve it. Prejudices come only next.

No. They say politicians did not help the society manage garbage because they never plan or implemented any effective mechanism to make it happen. In singapore, you dont see litter everywhere because there is a garbahe bin at line of sight from anywhere, and it is cleared regularly.. Thats definitely the job of the govt. I would say that people dont know that this is important. They have been voting for religion lately. That shows that even the minds are now littered.

People blame the politicians becuase there is no waste treatment facilities. If there is waste treatment facilities and when they collect waste from homes like in the western countries, people will bring the waste home instead of throwing it in the streets.

Bee-haar got it

Let's be honest Bihar ain't gonna develop anytime soon... Or ever the caste politics is too prevalent there...

Typical paj.eet frustration 😂😂😂

bro exchanged the i and a in his pronunciation.

​@@carolusmagnus1472what "pajeet frustration"? How would you feel when someone mispronounced some place in your country? And what frustration? He's pointing it out and the video maker acknowledged it What's so funny about it

And you didn’t have a diarrhoea after eating the food?

@@asdfghjkl92213 No. I strictly avoided street food for the most part. The ones at the restaurants and hotels have good hygiene.

​​@@jimmorrison903Was the hygiene as bad as some have told me? Like I heard naked kids will be taking dumps in the street. Drunk people too. Tossing buckets in alley ways. Also don't go to India without men if you're a beautiful woman/women is what I was told.

2016 india and 2024 India looks completely different... I also didn't believe the changes we have made in such short period could have been this drastic....

​@@jimmorrison903you avoided Street food?? I live here and I avoid it so yes I won't recommend you to have any...

I am waiting for the horde of 1.4 billion angry Indians 😬😬

The jeets will be pooping all over this comment section soon unfortunately.

​​@@elidrissii Just say pajeet

​@@elidrissii it's interesting how you yourself are insulting but have already victimized urself first to defend urself.

@@sahilsingh6048 Gets censored by Google. Comment hidden.

What I failed to understand about finance as a kid was that it is the symptom of human stories. Numbers alone are rarely all that interesting. But when numbers tell stories.... That's pretty cool.

​@@CaedenVEXACTLY I feel the same nowadays

I like the explanation how the puzzle comes together, why some country take a certain action, why a certain trade deal affect the population, and more importantly explain why a certain decision out there far away will impact my personal life and future or shape my past. Life aren't just random waves up and down hitting me, it happens because there's a stone dropped in the past and it's wave hit me just now.

@@CaedenV Yeah once you are able to detect the narrative in every number: a story of policy, psychosocial dynamics, power, greed, conspiracy...it becomes alot more interesting. The dots begin to connect.

Great to see an open mind here. However, you please be aware of the blind belief in capitalism and democracy in Western countries. China's hybrid system is very worth noting in which the state-own and privately own companies share roughly 50/50 of the economy. The government can influence the directions of the economy which strives by private sectors and furious competition. US economy benefits most the riches. China economy benefits the majority of the people.

Phone scamming and exporting workers also improve the economy

​@@SathyaswamySthe government just doesn't do jackshit about it. So there's no point of complaining about it either way.

True

Anyone who follows Raghuram Rajan knows how politically motivated are his opinions. One need not require a PHd to understand whether India is developing or not, and in what direction it is going to take in future. It will never be like China or western countries or Arab world. India will remain dusty, over crowded, polluted and corrupt, but most Indians will come out of poverty, and many will become significantly rich. Concept of quality of life is much different for most of the people living in India. For them, getting the best Indian food, watching movies in the best multiplexes, shopping at the best malls, bargaining at the largest markets, celebrating festivals and marriages as if there is no tomorrow, buying large cars which can take even the neighbours as well, being able to make the best pilgrimages, getting the best Wifi connection, being able to watch cricket non-stop, etc constitute what they consider as high class living and happy life. What makes most Indians happy and satisfied is entirely different when compared to that for people in China or Europe or America. So even when 99% Indians start living a satisfied and happy life, still those westerners who visit India may find it terrible.

Not sure about the whole economy, but definitely helps the health care workers employment.

Remove the south and you get sub-saharan levels of poverty

count me inn!!

​@@mohdfakrullah8887 shut up, Pakistani

It's all Pakistan's fault.

We are already here damn it! But need to watch the video before dissing it. Ugh.

@@CirclingDuck🇮🇳🤝🚽

Serpentza and laoway86 lived and worked in mainland China for > a decade and have native Chinese wifes. Here are some of their videos exposing China's dark side. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-v2s5ce8k_Zs.htmlsi=WRBescw0VhkbeFHg ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-38EHMvkKZzA.htmlsi=cJYXBOVm4pM7gdwK ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-Gf4_2NAmrvc.htmlsi=MJnoVP0ZNBHdvptz ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-un-8-o69I8Y.htmlsi=X1ns6hppATnTi8OP ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ABolxLUFg18.htmlsi=VBFqrqoRIs4xQbUW ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-LH23AKBHrKw.htmlsi=ufpC5iJqBdMkCtqg

india is one of the worst countries in the world. Indians literally want to leave that country, so not sure wth your talking about.

Two reasons to grow faster:- 1. we are not a communist country so western countries can lend more trust in FDI 2. It happened very quickly and there is alot to cover in few years so growth rate will definietly be faster .

Blatant propaganda lmao

Which city are you referring to as an example in india?

That's what Argentinian used to say about their country, and it turns out to be true. They became a middle income country and their economy starts declining ever since.

india 2100 vs usa 2100

Not a chance she is totally brainwashed by the west's american dream and Indian arrogance.

Social score 100000 to u 😅

Show me one country which has grow like China in the history of the world, pulling millions out of poverty like China did, however it is a authoritarian country where entrepreneurs go missing for months. CCP prefers degrowth to loosing power, hence it is containing private companies which make them angry. But, this video made good point, India can never have growth like China, we have inherent problems also Indians will never work like Chinese. We will remain poor for foreseeable future.

She never contradict what has been said in the video. You need to help you fixation with her

She squawk like a parrot with given notes. No mind of her own.

Learning English isn't a bad thing. It allows us to communicate with other parts of India and the world.

@@akshayuppala9295 Indians should communicate with other Indians through Indian language, not the previous colonial master language.

​@@akshayuppala9295 they did not say learning english is bad, it is even heavily encouraged. But they believe speaking well in their local language is more important, more pride than speaking well in only colonial english, which a lot of countries feel that way. Like in india, Philippines for example, you will be praised highly if you speak well in english even though some can't speak mother tongues well.

​@@foodparadise5792 which language? In which language can up & bengal people comunicate among themselves? They speak in two different languages.

​@@lokiloniiYou have one language system in China. On the other hand, India has 22 official languages. You can't communicate by using 22 language! You need one. So, what is the solution of that? English. Do you suggest other language? Name it.

在中国，我们知晓小米，vivo这样深耕印度市场的巨头公司，被印度政府直接没收巨额资产。这在中国是不决对不可能的。

@@kobemaobraint6631 India is a country without commercial credit, so foreign countries will not continue to invest in India. I can't imagine why Indians would do this.

@@whisky1991q Check india's FDI and cry now😂😂😂

Chinese government does seize and confiscate large companies.

In the West, when politicians f*ck up the country, they simply resign, leaving the mess behind. In China, if CPC does so, it would be a downfall of China civilization. So guess who (west or china) has great incentive to keep country stable and rapid in development?

They are dumb. Their literacy rate only 77%.

Obviously. Not everyone wants to know about economics.

They do but caste politics is more fun for them

India may or may not growth, but we should not taking advice from Raghuram Rajan, Who is 1. The most corrupt Central bank governor in India, 2. Whose major achievement was bringing Indian banks and economy on the verge of collapse . 3. Does not want to promote manufacturing in India and wants it to be a call centre only. 4. Is consistently wrong with his forecasts

Anyone who follows Raghuram Rajan knows how politically motivated are his opinions. One need not require a PHd to understand whether India is developing or not, and in what direction it is going to take in future. It will never be like China or western countries or Arab world. India will remain dusty, over crowded, polluted and corrupt, but most Indians will come out of poverty, and many will become significantly rich. Concept of quality of life is much different for most of the people living in India. For them, getting the best Indian food, watching movies in the best multiplexes, shopping at the best malls, bargaining at the largest markets, celebrating festivals and marriages as if there is no tomorrow, buying large cars which can take even the neighbours as well, being able to make the best pilgrimages, getting the best Wifi connection, being able to watch cricket non-stop, etc constitute what they consider as high class living and happy life. What makes most Indians happy and satisfied is entirely different when compared to that for people in China or Europe or America. So even when 99% Indians start living a satisfied and happy life, still those westerners who visit India may find it terrible.

I wrote the same thing, being former governor of RBI, how could he be so wrong about GDP growth 😂

​@@Tonad_Drump Raghuram Rajan is just a neoliberal shill. I used to respect him because the news only covered his adroit skills as Governor, but his interviews latelt shows him how hypocriticial he can be. He loves fearmongering to the population by badmouthing the incumbent government everytime... "Le market will collapse! GDP growth will soar!". Hopefully people will realize that the mutt just loves swimming on his luxurious pool stratifying the population for an agenda to get his foreign globalist institutions more money.

India has a history of faking their growth, providing inconsistent data.

​@@Tonad_Drump he is right. Growth was around 5 percent. Government lied and made it 8 percent..

Most of them are false cases. Maximum would be 5% of MP charged cases would be true.

there are pedos too.

They're charged but not proved guilty in the court in majority of cases. There's a difference between convicted and charged

@@user-zv5li4jt3j That's because they have power and that's why they have not been convicted.

@@thefreemonk6938 so you're saying judiciary is incapable of punishing them ?

Indians attach importance to education too. Unfortunately while the same value and hard work is placed the Indian education system is based on rote learning therefore inefficient.

@@rohanindra6401 Indians have no concept of personal development and growth. Indians don't care about real education, only getting good grades. That is not education. Indians have NO CONCEPT WHATSOEVER of building society. India will never be able to be like Europe or East Asia. I know India did shine before the Islamic conquests, but that was too long ago.

@@rohanindra6401 No that isn't the issue. The issue is that you don't have a pure meritocracy, at least not in the last few years. -- India has a massive private education industry. Your state schools, outside of maybe a handful in Delhi or Mumbai, are worse than the for-profit cram schools. In China, the best of the best are all state-sponsored, and we recently banned any capitalist from starting extra-curricular cram schools. The result is that in China, for those 3 days when taking the Gaokao (Zhongkao for high school), everybody is equal. The farmer's son is taking the exact same test as the billionnaire's son, with the exact same resources, the exact same prep. But in India, it isn't an equal playing field. A farmer's son is NOT given the same opportunity as the IAS officer's son. -- Oh, and hear about that exam leak a few days ago? When's the last time China had an exam leak*? And that's just something that made the news. When you see parents climbing the school building and throwing papers in through the windows, it's no longer a surprise. At the rate things are going, JEE leaks won't bat an eyelid in 10 years time. (*Answer: you'd have to go back about 20 years ago)

GDP doesn't mean anything on its own anyway. The Chinese economy is efficiently running more advanced and diversified than other countries with higher costs of goods and services.

nothing related to Confucius, it is directly related to liberalized economy of late 80s, India liberalized a decade late. If it was for Confucius, China wouldn't be lower than India before 80s. it all comes down to political will.

Wtf😂

English ☕

Who cares

Me, after my fifth beer: "Barkeeper, give me another be-har." 😉

China is not known for its love of rules, either, though, and it is coming back to bite them.

wait for currency to be pegged to gold agriculture will be profitable

India also have rampant protectionism, China had to make sacrifices India isn't willing to do, more over China had better education due to reforms by the Communists, India can't compete.

@@lolasdm6959 🤣

​@@lolasdm6959 Deng was far from a commie. And the reforms OP talks about will never come to India because it's a democracy

​What ever our overall economy in nominal terms will cross 7 trillion by 2030 and more than double that by 2040 and real/ppp GDP will get close to 45 trillion by 2040 though we can't be a manufacturing hub like china ever but anyways now keep laughing.​@@lolasdm6959

It's the CPC - Communist Party of China. CCP is incorrect and is used by Western media and political elites for their own agenda.

100 is not accurate, I have worked for more than 200 people in the company, should be for the super large company

No it not that you have to understand the way you constitution is setup local government have most of the power in your government and they are hostile to even other Indian states. You need a stronger Federal or Central government to do what America does. That means reforming the Indian Constitution.

Calling China "Anti- Imperialistic" is a complete joke. What a farce of a comment

look like you are CCP employee from what you write , because you seems know what inside CCP belly , how long you work for them to know all of that?

Not to mentioned the "state" is fabricated by a private British commercial/colonial company :) Seriously they only cared about tea and spice trade.

Over the past 3000 years 'China' has constantly fallen apart into fractured states that warred with each other. There were different cliques in China controlling different parts even around WW2. The China we know now isn't the same as China from ~1000 years ago.

And still India was the larger economy for the largest time in the period that you mentioned. Despite what you claim.

​​​@@desibigfoot3874I doubt that it was possible to measure GDP before the advent of modern economics. GDP is the most commonly used measure of economic activity. The first basic concept of GDP was invented at the end of the 18th century. The modern concept was developed by the American economist Simon Kuznets in 1934 and adopted as the main measure of a country's economy at the Bretton Woods conference in 1944. More over India didn't even exist prior to British Raj.

This isnt true, India was one of the richest nations on Earth prior to the 1800s. It was estimated to have the largest economy in the world for over 1000 years. Your claim about China isn't true either. For a vast majority of that time, China was breaking itself apart, reunifying and then breaking itself apart again over and over.

Thank you!

Judging from China's experience, you only need to unify the language, culture and education, downplay the color of bullying, downplay religion and downplay neutrality, and repeat education for 20 years, and you can get a very United India. Commonality is the foundation of unity. I don't know if translation can be accurate. Translate what I mean.

​@@user-yv4lc3gd1ltry even one of these things and you will have riots on the very next day and can go on for even next 2 years with the funding of foreign countries like USA and Canada . We have played the same game way too many times . We know what our enemies and partners think about us and we are becoming powerful to make our enemies and partners think twice before starting anything serious with us. That is our method of piece .

There are 56 ethnic groups in Chin, where have they homogenized China Buddhism, Taoism, Christianity and Islam?

@@gsyoouI'm not talking about assimilation, I'm talking about translation. I mean to make the society have a common cognition through education.

This is what I also think is the main reason...

Yep, in their bollywood movies

Go on.

😂