@@FriendlyVimanam hahaha bro. 😄😄 I've been watching him for what like 5 or 7 years now? Varun is consistently was a great analyst and the best teacher about Indian state of market and entrepreneurship. Shorts guys wouldn't know all that
This video is very good but it is important to listen to people from both sides of spectrum and it is also important to listen to neutrals like you mentioned above him and think school
@@tahasajan "Both sides" argument is what keeps this country behind. New infrastructure - PROTEST. New rehabilitation policy - PROTEST. New economic reforms - PROTEST. New temple - PROTEST. The time spent by people who want to bring meaningful changes on people who bring all of it down, costs money, and time. Because of that, more people stop existing because of poor timed resource allocation, meanwhile, the protesting crowd gained anarchy. There are no "both sides" to this.
@@tanujsehgal2006neutral ? No influence you see is not neutral .. either they are leftist or rightist .. you gotta understand many ppl like dhruv rathee claim themselves neutral but they support either wing ..
If u don't get govn job, white collar job or have father's business or ur business u will remain poor in India. In foreign most PPL do blue collar jobs still they are rich. This is what dhruv rathee says. Bt dumb PPL like u don't know that min wage doens't exist in india. And GDP means country and businessmen's growth. Not urs.
So basically... India only has few million people earning and progressing and people are and should build business with focus on them... But the real question will always remain, how to transition the other India 2 and India 3. Unequal society cannot keep growing always. Or if it's going to be long haul!
Did we really need a report to see that? People have been crying about the unequal growth contributors and inflated data for years now. What do they get? Name-calling.
Damn ,why is this question "inequality" . What do u think about capitalism it serves everyone equally ? If u think India is doing nothing for India 2,3 then you are not informed correctly, and stop comparing India and china ur literally comparing democracy with totalitarian state
@@QuickNews999 This is a new report published in the year 2024, making it new for noobs and pros alike. You actually mean the concepts are surface level instead of the particulars, those are different things, and I commented on the latter. You should study harder.
@@QuickNews999 They really just classified 75% of the country as "Sub-Saharan Africa" which needs to be ignored. Without even an iota of shame. What more do you expect from the billionaire class and their mindless lackeys?
Our current political system is selling us the pipe dream of India becoming USA / China in the coming decades, but the system fails to explain how. As you all now India can't become manufacturing super-power beating China. (As, in India democracy instituted earlier than capitalism, unlike the west/ China, so the lackluster labour laws favourable for capitalists now can't be passed as a lot of trade unionism present in India due to democracy). In service sector also, India can't become industry leader, as India missed the semi- conductor bus. (That's why ChatGPT like innovation can't take place in India, even in China. As the value system of oriental societies is very different from Occidental one that promotes innovation by embracing failure) in Asia, every admission is happen through cut - throat competition & after cracking it the burn-out effect kicks in, which make people to look for cosy & comfortable job rather than going to the route of entrepreneurship. (Remember that, till now, there is no indian product is used in everyday life of westerners & it's 2023 & don't fall for the fake narrative that UPI would dominate the world, just think of USA, the country which houses NASA, military industrial complex, leads in complex technologies like aircraft, jet engine etc can't make UPI ?) Our political system is propagating a myth that in next 5-10 yrs, Indian economy will experience phenomenon like of China in 1980s. But the rise of China is a very unique phenomenon like rise of USA. A lot of factor have to converge to make it happen. ( Like currency manipulation done by China ,but now not possible for others ) As for that to happen, especially in Asia, (governance effective authoritarianism) is the way to go. Eg: China, Singapore, Dubai, Japan (military based) etc. But in India, it would never gonna happen. BJP will keep on winning in Lok- Sabha election, but replicating the success at state level will become increasingly difficult. As you can see, BJP still couldn't penetrate in South India even after long 10 yrs. Is the people of south India not pro- development, patriot enough to choose BJP? Can you give an example of a country where Religion dominates the centre of politics, but achieved economic success. Summerising, my point of view, if you come from middle-class / upper-class & want to do job, please move abroad. Don't look for opportunities in India. Mumbai, Bangalore still lacks basic infra, spectacular view of modernism etc. Yes, India would experience spectacular growth, but it would be always urban- centric, unequal and finally everywhere collapse of infra in cities will be witnessed due to population pressure & eventual demise of quality of life in emerging cities. (As We don't have Hukou system of China, reason behind non-existence of slums in Chinese cities). The devaluing rupee again would add to the misery, even to escape from India would be difficult as foreign trips / migration would cost heavily on your pocket. Indian visa ranks very poorly, ask anyone the hassles one has to face when having the Indian visa. (Recently, Mukesh Ambani could be seen delivering his grandson in US,as they follow "Jus Suli", i.e Birth-based citizenship) Have you guys seen recent crowd in the meet-up of BiggBoss winner Elvish Yadav? How unemployment deeply affecting even the economy of rich states like Haryana can be gauged. If Haryana is doing so good then why most of the students of kurukshetra University leaving India ?? I can go on, but stopping here. The central govt, BJP is doing amazingly good, but still it has problems. I have my reservation wrt rich states like Haryana also, where the state CM attends meet-up arranged by a youtuber. So, in coming decades, if you want to do job then migrate & if you want to do business, then India, as here you can bend rules easily to outcompete others. (If someone is very hopeful of our start- up eco-system, then please do your R&D deeply). What's your opinion in India's future ?
This report is gem , people in india absolutely don't know india and where it is headings , As ambani said data is new oil... This data shows what is India. Great video , Best Creator on youtube India ❤
The law of Diminishing Marginal Utility works pretty well with your tax paying system 😂 The more people earn, the more they figure out ways to avoid paying taxes and end up generating black money.
Last year i didn't even Know what is Blume Ventures and What's this Indus Valley Report is which i came to know after watching your last year's video about the Indus Valley Report. But this year when the Report was out on the same day i downloaded it from there Channel and started Reading it. And Now I am here to Revise the Report through your Video😂.
This Report Or video can help you understand why most of Indian which is India 3 🇮🇳 wants Government Job and India 2 is the one who is able to get job ❤❤
That is also the reason why India couldn't grew fast like China nor it could ever grew . China already ended 'lifelong employment guarantee system ' for govt jobs during 80s . Almost all the hiring is done though contractual system. Almost nobody prepares for govt jobs there . In 2003, China even started hiring civil servants on contract basis .
I am banker with a government Bank and I am really worried about my foreseeable future. AI is taking over, my job is getting transformed from sarkaari naukri to a marketeer. The rigid decades old infrastructure and mentality of my organisation, versus the hoard to increase profits is really messing up the employees. I hope I find find my way out from here.
thank god this is happening. I remember those days when ppl loved to get sarkaari bank naukri and chill out in life without any risks. Not any more. Pull your socks up and get to work or get ready to get unemployed. As simple as that
@@_rohit97 well it's like how we did it when we were tribals , if you don't hunt u don't have food , if you aren't employable you don't get to survive
Then don't have high ambitions from the country, don't blame the Government for slow development, the country is only good as it's people. China and Japan have brilliant work ethic forced or not I don't care at least they get the job done.
@@vipulsharma7683 *Are you aware of traitor bjp's Delhi services amendment act?* *That illiterate idiot cannot even think of things like doorstep delivery of services, public sand ghats, mohalla clinics, schools of specialised excellence, etc even in his dreams.*
i have zero knowledge & interest about economics, investment etc. I clicked your video by mistake but my oh my your presentation and simplicity held my attention. Nice man, looking forward to more *simplified* content. Also keep suggesting solutions as to what we middle class people can do to help our economy and government.
How can u compare India with China, USA, Switzerland 😂?? We can't print money like America, we are not communist like china and we never provided security to corrupt people to have bank accounts like Switzerland did. So my question is, are we showing growth in those indicators?? If yes, then how many years it will take to achieve it?? And if our government is not doing anything then it's concerning. But I have full faith in our government ❤
You are peddling fake news bro , as the video which says “War rukwadi Papa “. The numbers are way away from reality and just quoting statistical figure from random govt propaganda websites is absolutely zero research. Are you aware of the unemployment rate of the county , the basic question remains if there is so much of capital flow where is the employment????
On a side note: Will the title and thumbnail of the video change after a while catering to the broader and new audience? The present thumbnail and title caters to your present subscribers who usually click on the things they have heard or know about and not some general clickbait title. If true, glad to see such things being implemented.
To be honest, I believe that India 2 is going to be the market where most of the growth comes from in the future. That last ISRO part made me realise that India 2 is just like ISRO. Frugal but extremely ambitious.
Stop equating English and western values as “richer”. This is such a self hating and colonized way of thinking. I don’t agree with this analysis at all.
The problem with Rich people spending money is that Rich people are acquiring assets not keeping cash and most of what they acquire is via loans from banks, hence they are paying quite the interest but at the same time, the asset appreciation adds to their net worth yet since it's not realized it is still not taxed. There is no tax on wealth accumulation. This allows capitalists to become so large that they are too big to fail, hence govt. Has to listen to their demands or they can literally just cause an economic meltdown by people Vijay malya running out of the country scamming banks. Corporate loan waivers are given without thinking twice, so why is it corporations would spend on something benefitting us normal citizens when they can build assets
You said now you also have viewers outside of India maybe they are Indians living in those countries which is still good but not white people if you were thinking they are watching
Bottom part of credit borrower will repay back because they pay more interest in informal markets. If I am right they will pay back because they get at very reasonable interest.
I don't understand how can people be excited about this. This report clearly tells us as other media reports have told us that the India growth story is misplaced. Once you acquire all the ~30Mn households who transact, where are you going to bring growth from? People simply do not have money. The rich are getting richer and the poor are getting poorer. Premiumization in everything is happening which tells us again the consuming is happening only from that rich 1%. Over 60%+ youth unemployment, when the youth aren't even earning, how are they going to spend discretionarily? They don't have income. Like come on. Atleast change the background music man. This is depressing to read. Like how can you be okay with basically saying goodbye to over 1B+ people, where are you going to bring growth from?
These report are not accurate because middleclass and rural bharat does not spend much they have money they mainly spend on important things and in bharat only salaried class pay the taxes and most of the business is running incash only so there is less gst collection also so there is more cash flow Bharat so you can't got the correct data
Because he is a politician. Politicians lie. Plus gdp compared with debt should be considered a better way to see economic health of a nation. And just wait things can go in way worse directions. If you believe in God pray. Things are very gloomy throughout the world.
Yaar per capita se divide karke to tum agle pachaas saal ro sakte ho yaar… aage bado yaar .. theres no other way to develop india than increasing gdp. Tum 20% se grow karke bhi per capita ko 20 saal ro sakte ho. Rote raho
Varun really well done. We Indians should just focus on increasing incomes and eventually GDP, everything else can wait. Better productivity, creating high value tickets, generating employment.
@@sougatpauldesigneroutfits No my dear. If we remove Bihar, UP our TFR will be below 1.8, and by 2050 we will struggle just like China with higher pension seeker than job seeker.
Do you think the GDP growth figures are accurate? There is a huge disparity between the latest GDP Growth and Consumer Expenditure Growth figures which is unprecedented.
It is just a simple report when you look at it. But the way you explain and express it, it is really great man! An unique skill only a few people have! . Great content man
Bhai make something collage like something as an experiment where young student can meet from all over the country and make something productive.....make like a workshop or something else.... We get the knowledge which you try to give but didn't get the way to apply it practically.... The company like teenager engineering.... We could build something like that .... But there're some on ground stuff and practical 😢
Great breakdown. Also, if only 8 % own cars currently then why are we orienting our cities against 92 percent? And if we are having so many traffic problems now, what happens when the cars double? We are building cities wrong. Need to learn from mistakes of others and not copy their mistakes.
Good breakdown. But still recommend everyone in that 0.3% Indians paying taxes, actually READ the full report and build INSIGHTS for your own life. Must admit that I am a little disappointed as I expected more insights from someone who's been in the brand game for a while now. I strongly feel that the 'brand' game will get a customer to buy once/twice. But the true value delivered to customers through a product or service is what will make a business and entrepreneur succeed in the long run. Focus on delivering value to customers/audience. That will build your brand on autopilot!
One thing is for sure.. We need more of this type of repoet that analyze the real growth of India, instead of relying on foreign companies, who are not really aware of how India works. It's much needed. Tha ks for the video, great watch!
That Ideaforge Startup which is making drones has gone for an IPO- I heard about it back in August 2023 when an IAS officer came to our school and talked that the founder's are his batchmates- IITB
this is literally the first video in the longest time on youtube that i watched without breaking my attention span and then also feeling unproductive after
Bro.. last year's video was eye-opening, And I'm waiting for this year's! Once small suggestion you're giving more content, so need a small break like elevation music something when you switch from topic to topic, else we couldn't feel the continuation. Keep rocking!!
Toooo much of content. Result - nothing sticks (maybe it's my indolence).... Advice - prune the content, discuss it more comprehensively and emphasize your points. Otherwise it's wasted....
I just can't explain the excitement in words, how excited I was for your video on the Indus Valley report. It's always like an unfair advantage to listen to you on any topic, Varun. Thanks for this marvelous content always 🙏🙌
I am not saying I am supporting BJP, but this video have done survey on 10-15 people only. But pension/fund logic was on Point, BJP won't fund Kerala coz they know No seats will be won.
I've been seeing these stats for a while now! India's history was worse than what our congress manipulated history books taught us! We are so far from recovering!
Bro, wealthy people r not borrowing money to build factories because before 2014 all Indian banks were doomed, we were in top fragile 5 countries list. Before 2014 NPA's were really high, fortunately modi government restored faith in our banking system. But the valid criticism is, why is government not enabling private sector to invest in infrastructure??.
Great video but you've got one thing wrong about personal loans. I work for an NBFC myself. The Indian government mandates that banks give loans to the India 3 population. Since these loans are risky and mostly are written off, they lend to NBFC's instead. The chances of them recovering their money from NBFC's is a lot higher than from directly lending to India 3. Basically we get loans from banks at, say 7% interest rate, and lend them to tier 3 business owners at a 25% interest rate. The banks are able to then show that they have given loans to tier 3 business'.
You know nothing Jon Snow a.k.a Varun 😂 your childish optimism is blinding you and making you buy stuff on face value. Or…. You are just want to sell it like that. Sweet boy 😄
You’re wrong. Taxes kill economies. India’s growth will only happen in a low tax environment. People are better at spending their own money rather than Government. If government was best at growing and controlling an economy, India’s licence raj would’ve had stellar growth.
This vide was awesome and has great insights. After watching the full video, I was wondering the problem with the Per Capita Income. As we can see from the report GDP/Per Capita Income is very very very low. So how do you think India should account for this, cause as we know most Indian startup’s are behind building Stuff that has technology as the integral part which ultimately doesn’t give much job opportunities. So do you think India should get more and more into manufacturing or what is the actual way to increase Per Capita Income cause at the end of the day if standard of life is not growing for each and every individual in India then what is the use of GDP growth in the first place. PS: Correct me if I am going wrong in this. I would really appreciate if there is a video by for answering this question.
It's really good informative video. Varun Can make a video on IT sector of India and work culture ? What is lacking in Indian IT work culture compared to Western. What India should do to meet the gap between indian OT sector and western IT sector ?
Also, some portion of this video also explain how credit seeking appetite of india is on an increasing trend. It does not take a smart man to realise what will be the consequences if majority of the credit seeking audience turns out to be bad at it and start falling into debt trap. If I'm not wrong, I need data's help here but if this audience ia potentially the middle class or lower middle class. These debt trap will end up delaying the success by a generation. #lets_educate_india_on_how_to_you_credit_wisely
Even today most of young India (35-40%) is 10th pass or less until and unless population is checked we as a country will suffer China will rise to a super power in the next century with a consumer based growth and a strong currency
I wish the Breakdown team would do some homework of their own and not just paraphrase what is the Blume report. If entrepreneurs and businesses cannot figure out how to deliver value and generate returns from people making and or spending INR 4 LPA then it is genuinely because of a lack of imagination and desire to solve hard problems for people who need it the most. Painting this segment of India as Sub Saharan Africa is down right sad and shows how little these people know this segment or Sub Sharan Africa. Look at the work SKDRDP is doing for this segment. They are doing it profitably while also uplifting several families to the next level.
why is this report using 1.4 billion population for tax collection and other stats, besides 35% of indias population is below 18 who have no purchasing power and they are the students and job seekers,
