Pain after Covid will be unlike anything we have seen before or during 2008 crisis: Manish Sabharwal 

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Punch lines * Companies are rivers, they are not ponds. Shareholder does not pay salaries, customers do * this is not a crisis of liquidity, this is a crisis of solvency * Bank won't lend, beat cop will use this lathi, MSME has no margin and no capital & migrant will head home * Per capita GDP matters more than GDP, we are 4th in GDP, 138 in per capita GDP * you can't take jobs to people, take people to jobs * New York's GDP equals Russia * Cities are engines of economic activity * 45% of the labour force works in farms, generates 14% of GDP * need massive form job creation * 255 lac kids take class 10th exam 105 lac fail, 160 lac kids take class 12th exam, 80 lac fail * India's labour is handicapped without capital and capital without labour * India does not change for better options but changes where there is no option * a large number of MSMEs and small companies disappear

This is 1 of the finest straight talk I’ve heard in a long time!

Finally someone accepting the basic fact: we are a poor country. Also the point about outrage

Listening to Mr Manish, I learnt that we should be realistic. Some times we measure our country's performance on the scale of our imagination of what our country should be, rather than what our country is. I like to thank Mr Manish for opening my eyes to this fact.

The best interview I have heard from any CEO. A straight talker and does understand extremely well where India stands vis a vis the world.

Agree, India is a third world country with first world problems. Wow, not expected such brutal honesty. Expectations and realities are way different.

Hands down one of the best interviews I have ever seen. The dude hit the nail in the head, reforms are the only thing that will get us out of this mud. And being patient.

Love the way he chuckles every time he doles out a fact that puts Indian economic indicators to shame.

i loved this guy. he has hard facts and figures on his tips. I wonder how i never came across him. These are the people our system needs..kudos print

One of the best interviews I have seen on The Print along with Mr. Adar Poonawala. With such insight and honesty, Mr. Manish has opened my eyes. Thank you for sharing your thoughts on this topic. Now I feel much more informed then before 🙏

Wow, stunned and shaken. From the grand world dominating image. We need more of these. A Classic 👍

This is one of the finest straight talk I have heard in years. Dispels any illusions we have of ourselves

i will always crave for that wit and articulation, massively impressed.

Awesome interview! Loved the cold logic with which he answered questions. He is telling the truth as it is.

This kind of Honesty the country needs.

He has brilliant data sets, superb insights, absolute pragmatism, and is able to connect the right dots. Very smart thoughts.

Excellent and very knowledgeable guy.

I never heard of Mr. Sabharwal but became a fan in one video. The elegance with which he talks data and facts is admirable.

He knows so much! Was a pleasure watching the interview

Such common sense points and yet I haven't seen a single economist or an educated journalist make in all the debates on COVID. I would rate this as the best on the subject. Hat tip Manish.

Mr Sabharwal is being brutally honest and so incisive in his analysis. I hv become a fan truly. Superb.

The best interview of this decade yet!

Dear Manish Sabharwal, I don't think I have ever felt so downright humbled! I will wait for the day where I'll be anywhere close to the composure and poise you carried throughout the interview. Love reading your articles, good Sir. Thank you. Thank you to the The Print as well for roping in such distinguished luminaries!

Outstanding interview with clarity of thought. Interviewer is absolutely clueless

Great insights..I think its time for all of us to think how we want to shape our country from now on..

🙏meaningful analysis. Pl increase these types of discussions in the interest of this country. Irrespective of political parties govt should be blamed for not training citizens self reliance even after 70 years of independence. If such positive videos increase print subscribers will reach one cr easily

One of the best interviews seen in recent times... Mr Sabahawal as always talking straight and hard realities on our faces with facts.

Winston Churchill said, “don’t waste a good crisis”. This is a very deep crisis. Can we at least not waste this? Future generations will not forgive if we waste even this also. We missed many such opportunities earlier hence we are poor country today.

Lack of research and preparation led to inane questions, sorry Ms Malhotra !

Liked only for Manish. If options were available, I would hit dislike button 10 times for jyoti.

I wish i could become 1% as knowledgeable as this person. ✌️

Loved to see him put grim facets so straight. One of those interviews where I was one with the host when it started but shifted and realized gradually.

Manish superb interview and perfect responses. You spoke from heart and very clear. Good one !

Very informative interview....... Perfect use of facts for analysis... Mainstream news channels should learn how to take interviews

Who is this guy man!! Impressive 👌👌🆗

Well said Mr sabharwal......truly a eye opener. I will make it a point to get this interview to at least 100 people ...I will discuss this with all my contacts.

This was probably the best interview on The Print. Not an offense to other interviews but we all can always learn more. Would have loved to hear more details on policy reforms he was directing to, his analysis of blockers and way around them and data on those. I guess that would keep future interviews interesting. Going good The Print team!

Finally someone who talks sense...I wish political parties see things like he does..

Excellent interview. Hats off to Manish for his hold on vital figures and statistics.

Thanks for the eye opener, brutal and to the point

Wish I could like and dislike as well. Dislike every time the Jyoti interrupts Manish.

All of us have to be prepared for the long haul...that is the gist of what Sabharwal said and he talks sense...

Jyoti & Manish, really interesting discussion. The points discussed can really guide our law makers in right direction after Lockdown!!!!

This is one of the best content/data that i heard on indian economy. My respect for Mr. Manish has gone up much more!!

Great learning. Thanks

Thank you Sir. Thanks for this.

I think everyone should see this conversation

Really good informative interview! I wish there would be more such Interviews !

Wonderful conversation... thank you print

Jyoti Malhotra was caught off guard. She was unable to find her bag of ripping questions.

Great insights, thank you for this interview!

Mr Manish spoke very well... Put across the harsh reality in real words... Keep it up The Print

Great interview. High time someone busted this narrative of “evil private sector “ as the villains in India. It is the poverty, governance and socialist mindset that is the villain. We have to stop glorifying poverty and start celebrating productivity and wealth if you want the social security that comes with wealth

Good commentary. Encylopedia of the current situation.

Wow first time I listen like you sir who just said truth about india so thank you

Wow loved this guy Manish! He states what had to be stated.

Great Interview

The Print deserves credit for bring different voices as well as a high level of editorial quality.

I really love the descriptive and normative approach thought process towards issues

Thanks for this treat

Been a long admirer of Manish's columns in the Indian Express. Glad that the Print did an interview with him. Really articulate, intelligent guy and has got an astute understanding of the country's economic issues.

Of all the things Shri Sabharwal said, focusing on education probably will yield the biggest bang for buck. It is not like Indian states are not spending the money, what is not clear is where the money is going. This will not solve the COVID19 crisis, but we might have a more prepared society for when the next crisis will inevitably strike.

Need to act together in this tough situation

Absolute clarity of the situation..

Manish is very clear,articulate and master of his subject with statistics at finger tips. The all round 360 deg. knowledge & insight is perfect! We need such people in decision making positions in Govt.

Such clarity of thoughts 👍👍

Jyoti Malhotra is ex BBC explains her ego and bigotry

Superb! The speaker is very knowledgeable and laid bare the facts, not opinions. Appreciate the honesty and frankness

Brilliant interview. Good to hear an intelligent voice, who has conceptual clarity. God Bless you. Jai Hind. Jai Bheem

Excellent. We must have the courage to speak the truth and only than we can find a solution

It is really a great interview.

Great talk 👍

Wow excellent views

Excellent interview. Some very relevant points that our policy makers should consider.

Sir, India desperately need your help and guidance. Rich are becoming more richer and poor are at the same stage, Something should be done for this poor and vulnerable section of society.

Superb view and insight , loved it 👌👍🏻

What a man, he knows the numbers like computer and knows the pain points...I haven't seen someone so precise with the problem and areas where we have to work

Really good . Print gets some real awesome knowledge guests. Every minute has valuable content.

Good that you were brutal in your honesty. But keep that sarcastic laughter and undertone in check please. That smirk gives a different connotation to all that you said before with a straight face.

Excellent comments by Manish well interviewed Anil nahar < Muscat

Hard hitting facts..amazing interview

Every sentence made perfect sense.

My god, the man knows his numbers!

This is a really nice insight into India's economic and financial condition. The very fact that only 19,000 companies out of the existing 6 million+ have a paid-up capital of over 10 cores, is just shocking and is an eye-opener. Assuming that these facts are correct, this interview can be used as a learning guide for a vast majority of Indians like me who are unaware of these realities hitherto.

Superb insight

Very eye opening ....must’ve create more n more quality work & honestly good in every field

Candid interview !!👍

Great interview.

Reality is so soothing and refreshing even when brutal. Brilliant dig at Bengaluru’s traffic situation. 🤣

Excellent and highly educative. Would like to have a transcript

Very informative.

Extremely honest and clear view of our present economic situation in view of close down due to covid 19

Very informative and practical views by Mr Manish

I did say India is so rich and so poor at same time

He's bang on that India is a poor country as its per capita income is on 138th in the world and it needs to fix its plumbing, which has been bad since past 40 years. The only thing is rather most leftist, communist and socialist mindset Indian journalist like the host doesn't want to acknowledge that and still keep blaming the current government which is hard on reforms and the only government which is trying to push India from being dependent on the world for consumption and just be the biggest market for the entire world towards a manufacturing country with its keen ness towards make in India and skill India initiatives. I would say the reforms are much needed in education sector as breeding clerks education system isn't taking us anywhere. The education sector has been the biggest disinvestment as there is no guarantee that you would land a job even after giving 15 to 16 years studing different professional and bachelor's degree a common student isn't equipped with the skills to land a job. We don't have internships programs, we don't focus on innovation enough and yet we believe we can behave like a developed country. Overtime we have made our country a subsidy hungry country rather than a hard working nation and its all on the socialist and leftist approach of the previous governments. The fact that most people look upto this government to actually do a lot which is needed and considering that they have the capacity to do it is good but thinking that they can undo 70 years of bad reforms and ill governance in just 6 years of time is a bit too much.

Really ye baat to hmme malum hi nhi tha ......everyone understands it is an extraordinary situation which will have extraordinary consequences and will require extraordinary solution

He is just telling us the harsh TRUTHS.. .better listen to him and apply STRATEGY and no more tricking..

This guy should be driving our public policy right now!! What an amazing interview

India needs a cultural revolution, a deep social and land reform, a group of good leaders like Mao and Deng, then India will have chance to catch up with China and US...Otherswise, everything will be a dream...Being a poor country for next centry.😒