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@Houthiandtheblowfish

2 күн бұрын

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

@aceman9030

2 күн бұрын

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

@donklee3514

2 күн бұрын

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.

@donklee3514

2 күн бұрын

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.

@AB-zl4nh

2 күн бұрын

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

india dissapoints boths the optimists and the pessimists

@jmd448

2 күн бұрын

Sounds bullish to me

@cokedupnormies2651

2 күн бұрын

the problem of the two party state

@qwertyusen

2 күн бұрын

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

@Overloaded877

2 күн бұрын

Chinese Bot's are working hard these days😑

@Overloaded877

2 күн бұрын

@@cokedupnormies2651 India has collision party system be educated

About 15 years ago, I started a company in Xi’an, China. All the paperwork took about 3 hours. The local government even assigned a clerk to walk through the whole process. 3 hours later, I had the license, bank account, and office lease agreement. And the local government even ordered a company name plate as a gift.

@enriquemino9963

2 күн бұрын

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

@tylerclayton6081

2 күн бұрын

⁠​⁠@@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

@Anonymous------

2 күн бұрын

​@@enriquemino9963 Democratic Hindia is very corrupted.

@level1selamat155

2 күн бұрын

You are not joking 😃

@JinJiaLat-vl1oj

2 күн бұрын

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

Biggest difference between China and India is its beurocracy and governance efficiency where India is still nowhere close to China.

@ayatahm9987

22 сағат бұрын

european beurocracy

@Alphation

15 сағат бұрын

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

@parnamsaini4751

14 сағат бұрын

Accha??

@vibhutisrivastava2789

14 сағат бұрын

@@Alphation what? Who are you referring she?

@erwin5760

2 сағат бұрын

toilets!

I started an amazon business in Canada so I had to go to China to source the products. I booked a flight to shenzhen for a week. But I was done after the 2nd day. Efficiency there is like no other. ?You want something done and its already waiting for you.

@srdshukla4

19 сағат бұрын

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

Indian here. You pretty much hit the nail with your analysis. All the initiatives are often directed from the top and have not been effectively implemented at the grassroots level for a long time. Since Modi's tenure began, there has been a focus on infrastructure. But he failed to make any impact on Education and Health which is not helping. Despite 75 years of independence, our system remains top-heavy and even minor tasks like repairing a pothole in a rural road require approval from the state capital, which could be 500 kilometers away. The division among the populace is profound, making consensus perpetually unattainable. And on top of that there is corruption at every level. Despite this we are growing at a respectable rate. That itself is a miracle.

@leozhang-el6pb

2 күн бұрын

agree

@rohitroll2119

2 күн бұрын

Health and Education are state subject not centre.

@NotionalTarget

2 күн бұрын

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%.

@suma8406

2 күн бұрын

"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

@sidharthkumar5636

2 күн бұрын

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

This is why this channel is way better than "Economics Explained".

@m1l3s27

2 күн бұрын

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

@stud6414

2 күн бұрын

And I actually can understand this host.

@PerryKobalt

2 күн бұрын

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

@yulyeong9220

2 күн бұрын

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

@iraqlobster7678

2 күн бұрын

@@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.

As an Indian, I already instinctively felt the lack of governance at local level but your video made it very clear

China attracts talent and exports industry products; India exports talent and imports industry products.

@lamrof

Күн бұрын

lol

@wf645

Күн бұрын

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.

@UNKNOWNWORLD-k9s

Күн бұрын

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!

@wf645

Күн бұрын

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

@thetaomega7816

Күн бұрын

china attracts talent? No, they dont lmao

Bihar state alone may have contributed to half of India's GDP growth with the number of bridges collapsing and rebuilting.

@Banditxam4

2 күн бұрын

😂😂😂

@prakashkr2214

2 күн бұрын

😂😂.. 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..

@shatzco

2 күн бұрын

You got me in the first half ngl

@robertewalt7789

2 күн бұрын

China also has a lot of shoddy buildings, infrastructure

@shatzco

2 күн бұрын

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

Optimism about India: People are more educated to get more foreign citizenships and Infrastructure is better to leave to country faster

@halhal-my4pt

19 сағат бұрын

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.

As an Indian, I agree! Please also throw in the huge problem of corruption and organized crime syndicates run by the politician themselves.

India's main competitor is not China. It's Vietnam, Mexico, Indonesia, etc.

@bopian8913

Күн бұрын

And Papua New Guinea

@hyphoneto

Күн бұрын

@@bopian8913😂

@UNKNOWNWORLD-k9s

Күн бұрын

what competition in terms of?

@UNKNOWNWORLD-k9s

Күн бұрын

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

@ousefk5476

Күн бұрын

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

Lets wait for the Indian online army in the comments section.

@magicsmurfy

2 күн бұрын

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

@hamzamahmood9565

2 күн бұрын

PRRROUDDD TO BEE INDDIIAAAN!!!!

@sahilsingh6048

2 күн бұрын

Yes saaar

@highbread817

2 күн бұрын

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

@Ashish-yo8ci

2 күн бұрын

Please no 😢

I have some friends from India at work. The levels of corruption they describe make anything I've witnessed in the post soviet block countries look like innocent favours. They really need to get a grip on the local government corruption, get the courts under control. Without law applying more broadly to society they will never get the masses to power the machine.

@lolasdm6959

2 күн бұрын

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?

@Banditxam4

2 күн бұрын

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

@dianapennepacker6854

2 күн бұрын

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.

@SS-eu2ef

2 күн бұрын

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

@9064peterpan

2 күн бұрын

@@dianapennepacker6854 India is the graveyard of foreign corporations.

Indian here. You are right on every level. The problems with my country cannot be blamed to just government, I believe an equal share of the blame is on judiciary. The courts are slow, weak, inefficient and skewed towards the powerful and prosperous sections of the society. Another BIG problem is no one takes any accountability here, everyone just keeps blaming each other like a circus. Until and unless we as a society starts acknowledging all our problems and start respecting rules, we will never be anywhere near China.

@cyberneticbutterfly8506

Күн бұрын

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.

@TheFriend2u

22 сағат бұрын

@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.

@mantapdjiwa9768

22 сағат бұрын

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.

@everuttejon9886

21 сағат бұрын

...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 ..........

@vlhc4642

45 минут бұрын

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.

Palki and her staunch supporters will faint watching this video. Definitely!!! 😂

One thing you under stressed here is how badly reforms are received here. Any kind of reforms by the government cause massive protests and almost topple the government. Its an incredibly sad state of affairs

@rishabdhar6900

2 күн бұрын

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.

@zhoma982

2 күн бұрын

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

@amantiwari4987

2 күн бұрын

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

@distorteddingo9230

2 күн бұрын

65 years of secular entitlements 😂

@rishabdhar6900

2 күн бұрын

@@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.

😢😢 As an Indian it hurts. Edit: Actually most of what you said is true.

@magicsmurfy

2 күн бұрын

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!!

@Dr.Kraig_Ren

2 күн бұрын

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

@desmasic

2 күн бұрын

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.

@shatzco

2 күн бұрын

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

@Ascend77

2 күн бұрын

@@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

Seemed many foreign scholars and analysts failed to highlight the critical success factor in China development miracle in the last 30 over years is the good and stable central government which orchestrated the country STEM education, HRM development, attracting FDI, industrialization road map, financial policies and ensure the execution at the local governments. China is able to overcome various hurdles in the execution of their program e.g. the land is essentially public owned. So, the land required for development would be easily accessible and the stakeholders are informed and relocated if necessary.

The biggest flaw of a lot of Western liberal democracies is that it can be hijacked by money. Just like the video said, they're afraid to raise taxes, because that would upset the rich. People vote for their own self interest, and not for society's best interest.

@NSG2810

13 сағат бұрын

perfectly summed up

Also, 75% of women in India are unemployed. One of the keys to China's success was the mobilization of female workers in the manufacturing sector. It's hard to grow an economy when you exclude half of the workforce.

@dylanalmeida7987

2 күн бұрын

Out of curiosity where did you get this 75%.

@ananthuajay6470

2 күн бұрын

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

@k.w.k314

2 күн бұрын

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

@rickgolder6818

2 күн бұрын

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.

@rickgolder6818

2 күн бұрын

​@@ananthuajay6470last time I checked it was growing.

Hey bud I’ve been watching you over a year now- always highly informative. I’m an Indian and it’s fascinating how well you’ve captured what we instinctively have felt for a while

@69elchupacabra69

2 күн бұрын

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.

@Idle-rk1pl

2 күн бұрын

Same

@debodatta7398

2 күн бұрын

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

@ArawnOfAnnwn

2 күн бұрын

@@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.

@vervetech9395

2 күн бұрын

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 🤦🏻‍♂️

Fantastic video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??

@WilliamTheodore-dn4ph

Күн бұрын

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

@SonnyRemington

Күн бұрын

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.

@WesleyEverett-up6kn

Күн бұрын

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

@Lucasclement-lf8fj

Күн бұрын

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

@GuillaumeTheo-dk9ct

Күн бұрын

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

The gap in economic size is 5 times that of India. Even if China grows 4% per year and India grows 6 or 7%, the gap is still widening.

@MountainPork22

Күн бұрын

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.

@CombatHD3

Күн бұрын

@@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.

@unconventionalideas5683

Күн бұрын

@@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.

@MountainPork22

Күн бұрын

@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.

@parvadhami980

23 сағат бұрын

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

You missed out the Chinese Diaspora. est,60-80million Hong Kong, Singapore, Taiwan, and Asian tigers in the 80s. Some of the biggest private enterprises in China at the early growth period were Diaspora owned. They bought in ready-made experience in factory operations, financing/accounting, management expertise without language and cultural obstacles when she was still transitioning from a marxist economy. Most are now overtaken/outcompeted by mainland China enterprises, but some still exists. egs Foxconn.

@forbeginnersandbeyond6089

2 күн бұрын

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.

@Girder3

2 күн бұрын

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.

@lynth

2 күн бұрын

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.

@thecomment9489

2 күн бұрын

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?

@ChinaSongsCollection

2 күн бұрын

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.

Why India can never grow like China? Simple.. China is all action, India is all talk

@gliu1431

Күн бұрын

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

@AnkhArcRod

Күн бұрын

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

@Hehekk197

Күн бұрын

​@@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.

@sneckotheveggieavenger9380

Күн бұрын

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

@chuageokseng2168

Күн бұрын

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

Last time I was in India, it took me 1 week to get a SIM card

@saneeshkaithathara4241

Күн бұрын

One week for a SIM card 😳😮

@hesamusa

Күн бұрын

@@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

@potatodroid2

22 сағат бұрын

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

@ayushnigam6804

21 сағат бұрын

Now you can get sim card within a day

@srdshukla4

19 сағат бұрын

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!

I think one other important factor you failed to mention in detail is how in China the party members are selected based on academic and economic performance measures. Basically, highly intelligent people with distinguished degrees and governance track records permeate the party.

@jjsamuelgunn1136

Күн бұрын

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.

@user-mb7kg5ll8b

16 сағат бұрын

​@@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。

Economists often talk about a ‘demographic dividend’ for countries with a large youth population, such as India. The ability to create well-paid jobs and broad-based prosperity will determine whether the country's large youth population will turn out to be a dividend or a demographic nightmare.

@wong3150

2 күн бұрын

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.

@ArawnOfAnnwn

2 күн бұрын

@@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.

@merrick6484

2 күн бұрын

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

@melody84126

2 күн бұрын

​@@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.

@thomascromwell6840

Күн бұрын

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.

Bruh im Indian and even without Economist telling me I know we can never grow like China because: - Our education system lacks 2 things - education and system, they teach us 50 year old outdated British era syllabus with rote learning, there is no development of students brain/critical thinking/. Only Rote learning - Even 90% of colleges have shit faculties, hardly any funding for research work, outdated curriculum, in my CS course we were taught visual basic a 20 year old deprecated software. - Has the biggest youth population, but over 80% are jobless, because youth have no skills not employable. So they unable to contribute to country's economy. - The very tiny % who have wealth may go to abroad in Usa or Germany or elsewhere and acquire both degree and skills and get settled there.

@Will.i.am55555

2 күн бұрын

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🎉🎉🎉🎉🎉

@ShwetabhSenpai

Күн бұрын

☝️🤓

@user-zv5li4jt3j

Күн бұрын

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

@cotizacionesequipo1719

Күн бұрын

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.

@user-zv5li4jt3j

Күн бұрын

@@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.

I'm an Indian immigrant living in the US. I absolutely hate the Indian phoney democracy. I much prefer china's single party system. Democracy has left no one accountable in that country leading to corruption and a dog eat dog mentality of Indian society. India needs a cultural revolution like china to get rid of caste system and religious stranglehold

@IndroneelMukerji

19 сағат бұрын

Please leave India for good. Go to the PRC.

Take a look at the record of Chinese performance in the Physics olympiads. A yearly international competition of high school scholars. They have by far, attained the most gold medals in the history of the competition. In second place is Iran. The Chinese are in a league of their own.

I am a doctor from India and your video is really informative and insightful

@jaishree701

Күн бұрын

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

@DevKulkarni

Күн бұрын

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

@blazingguyop

Күн бұрын

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

@Asima144

Күн бұрын

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 ? 🤔

@DevKulkarni

Күн бұрын

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

There is too much infighting and discrimination between different castes, religions and states in India.

@Prashant_Pandey4

2 күн бұрын

I agree 👍

@Banditxam4

2 күн бұрын

Yes,...

@qwerty83484

2 күн бұрын

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

@tandav2023

2 күн бұрын

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

@MariaRodriguez-dx6sm

2 күн бұрын

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

Indian here and I really appreciate you formaking this video

Only one thing India excels in ... Population Growth 📈

@stankssmile5865

Күн бұрын

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

@UNKNOWNWORLD-k9s

Күн бұрын

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

@thebestevertherewas

Күн бұрын

That too is gone TFR 2.1

@tinguzz

Күн бұрын

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

@licensed_beheader

Күн бұрын

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

Back then, China was the front runner in the FDI race due to the advantages it had (education, policies, population, etc). Today, India has to compete in a very competitive field against other countries, especially those in Southeast Asia for FDI.

@kabzaify

2 күн бұрын

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

@diesirae7102

2 күн бұрын

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.

@MattY-ed1ep

2 күн бұрын

@@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.

@jyashin

2 күн бұрын

@@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.

@vervetech9395

2 күн бұрын

​@@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.

This was one of the best video i watched about my nation's economy! I always knew that india hasn't grown the same as china but never knew why.. Thanks for clearing my doubts!

@MoneyMacro

2 күн бұрын

Glad you liked it

@Cannoli_JJ

2 күн бұрын

youtube.com/@jerrystakeonchina799?si=I39N00IlO8rHn8Dy 🧐

@Cannoli_JJ

2 күн бұрын

你得丟下你的偏見。🧐

@vsr3777

2 күн бұрын

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.

@anemone_aki

2 күн бұрын

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

In India people throw trash on streets and cry that politicians don't keep streets clean

@NishanthSalahudeen

11 сағат бұрын

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.

@RoRZoro

8 сағат бұрын

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.

It is interesting that the 2 biggest differences between India and China are barely mentioned. Population density and a completely different political system.

"bee-haar" is the correct pronunciation

@MoneyMacro

2 күн бұрын

Bee-haar got it

@Banditxam4

2 күн бұрын

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

@carolusmagnus1472

2 күн бұрын

Typical paj.eet frustration 😂😂😂

@aritrabhattacharyya3379

2 күн бұрын

bro exchanged the i and a in his pronunciation.

@aaryankumar8770

2 күн бұрын

​@@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

Way back in 2016, I decided to visit India after hearing the hype and how they're leading in technology and are culturally diverse. Even seen some pics online. I was shocked to see the amount of dust and pollution the country had. The traffic, the honking, the overcrowded streets, I saw cows on the road. It was fun to see but whatever I read online about India being a booming economy, didnt reflect what I saw. The people the food were nice though.

@asdfghjkl92213

2 күн бұрын

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

@jimmorrison903

2 күн бұрын

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

@dianapennepacker6854

2 күн бұрын

​​@@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.

@Banditxam4

2 күн бұрын

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....

@Banditxam4

2 күн бұрын

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

China had (and still has ) 3 advantages over India 1. Education (as you mentioned) 2. Social mobility (the polite term for lack of class and caste) and 3. A large diaspora that provides the DFI (S.E. has large, very rich and very loyal Chinese minorities who invest in their home province).

Several years ago we collaborated with vendors from China and vendors from India. Chinese vendors have the advantage of relatively cheap prices in the market with a good work ethic and workers who are quite professional in general. But you have to keep an eye on the materials the other vendor use, because many other vendors from China use different materials than what they promise. Meanwhile, Indian vendors have some smart and great people, but unfortunately not the entire collaboration team has the professionalism of some of these people, many are lazy and their work results are poor, we also experienced a lot of loss of assets and work accidents. It's a shame that smart people like that are in an environment that burdens them.

You just summoned an entire nation.

@Mark-gd2ti

2 күн бұрын

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

@elidrissii

2 күн бұрын

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

@sahilsingh6048

2 күн бұрын

​​@@elidrissii Just say pajeet

@DrDiabolical000

2 күн бұрын

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

@elidrissii

2 күн бұрын

@@sahilsingh6048 Gets censored by Google. Comment hidden.

I am studying economics at university. I used to think it was boring but for whatever reason I now find it really interesting. I guess that’s what happens when you become an adult. Anyway, your videos are so informative and interesting. I hope I can be as knowledgeable as you one day.

@CaedenV

2 күн бұрын

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.

@DrDiabolical000

2 күн бұрын

​@@CaedenVEXACTLY I feel the same nowadays

@BearMeOut

2 күн бұрын

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.

@Heeroyui752

2 күн бұрын

@@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.

@DragonYang01

2 күн бұрын

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.

Having traveled to China and India, I will say that I cannot see a reality where India undergoes the hyperbolic growth of China, ever. China is a communist country, like the presenter says, and this comes with good and bad things, but the best thing is when the government sets their mind to growth, the economy will grow. Look at photos of Shanghai from the 1990s to now and your jaw will drop. India on the other hand has a very complicated and sometimes backwards system. I've worked for companies that do business in India and every time we try to get basic paperwork done in the country it's like pulling teeth. Any time we are tasked with doing something in India, it's like passing a hot potato in the office, nobody wants to do it, because we all know it'll be overly complicated or we'll deal with an Indian government official whose priorities seem counter to the objectives of the country. I do think India will grow, but we're talking 40 years before India grows to the size of China, I think.

The most important point was not said: Bribes & corruption. If you are operating a business or even a shop in India you have to pay bribes & protection money to local ,state,& fed level government + bureaucrats + local goons(extension of political parties) + local police. This is the single biggest problem. If you are Indian you know, if you're not you'll never understand.

Indian street food memes will uplift the whole economy. Don't worry.

@SathyaswamyS

2 күн бұрын

Phone scamming and exporting workers also improve the economy

@Witheredr0s3

2 күн бұрын

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

@Sudeep.Manerkar

2 күн бұрын

True

@vsr3777

2 күн бұрын

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.

@laowantongchau

2 күн бұрын

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

As an Indian I am accepting all your claims bro and also India is not just stuck with this problems specially South Indian states already showing great growth in both economy and education to so I believe we will develop in our in way Speed

@viskyboi1275

10 сағат бұрын

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

Caste based reservation is also a huge problem. Many of my friends have moved abroad because of this sole reason. Undeserving students are getting admission in reputed colleges, and the one who is truly smart has moved to a different country. This caste reservation system promotes fools and real talent gets exported. India will only progress if the reservation system is abolished.

inb4 the indians find this video

@mohdfakrullah8887

2 күн бұрын

count me inn!!

@priyan605

2 күн бұрын

​@@mohdfakrullah8887 shut up, Pakistani

@CirclingDuck

2 күн бұрын

It's all Pakistan's fault.

@aravindpallippara1577

2 күн бұрын

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

@TheEnlightenedMalignancy

2 күн бұрын

@@CirclingDuck🇮🇳🤝🚽

It's easy to visit both countries and see how the average person speaks and acts, I love India and have gone there consistently...you have to really enjoy it because it is NOT for beginners. China on the other hand, is literally futuristic asf...i have never seen a metro station operate on the level that i have seen it in China , everything is in order, people follow the rules (in most cases) and the average citizen is kind, innocent, and curious. In india, the poverty level is insane, lives are wretched, and kids are on the streets begging...just sad overall. But to me, culturally, india is the best in the world

@linda1lee2

2 күн бұрын

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. kzread.info/dash/bejne/qGanl8WeaM7FitY.htmlsi=WRBescw0VhkbeFHg kzread.info/dash/bejne/ZWx5qq-vm67AqqQ.htmlsi=cJYXBOVm4pM7gdwK kzread.info/dash/bejne/eZpowZSHcdDYpsY.htmlsi=MJnoVP0ZNBHdvptz kzread.info/dash/bejne/p6Jhmo-oZpyvaLw.htmlsi=X1ns6hppATnTi8OP kzread.info/dash/bejne/c3ajztqFhanNYZs.htmlsi=VBFqrqoRIs4xQbUW kzread.info/dash/bejne/fnxmlaOEcqvYe9o.htmlsi=ufpC5iJqBdMkCtqg

@eg4933

2 күн бұрын

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

@silentstormstudio4782

Күн бұрын

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 .

@antlerman7644

Күн бұрын

Blatant propaganda lmao

@user-zv5li4jt3j

Күн бұрын

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

This is the most satisfying, in-depth and concise review of India's economic situation that I have ever seen! Please keep up the great work.

This reminds me of the movie Outsourced, where our American hero discovers how hard it is to bring the Indian office up to speed, it was Indian customs and culture were a higher priority.

One thing I notice is many Indian posters like to use the word "IF". Then assume the "WILL happen". But IF never happens.

@nntflow7058

Күн бұрын

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.

@user-pz2ny8hz5i

13 сағат бұрын

india 2100 vs usa 2100

Palki Sharma need to watch this to help her fixation on China.

@JonyC6969

Күн бұрын

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

@maheshrathod204

Күн бұрын

Social score 100000 to u 😅

@tinguzz

Күн бұрын

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.

@Overloaded877

Күн бұрын

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

@jacku8304

Күн бұрын

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

Corruption is also a very very big problem.

You should also mention the five-year plan initiated by the government that created a common understanding and belief that this is what the government want everyone to invest in the next decade. This is powerful for business people to invest their money and also important for government officials to run programs that aligns the plan and if these programs fail they don’t take a huge political hit in their career, and also for people who are still under education, they would know what jobs has a potential to grow in the coming decade

Very accurate video. It’s very difficult to understand because of how diverse the country is hence a single unified theory never works. So great job on explaining it in a more simplified manner.

That is a perfect and well-balanced explanation. Rather than resorting to often repeated generic reasons which are usually given by Western observers who are disconnected from the ground realities of India, this analysis based on the work of two eminent Indian economists points out the so many actual problems within the Indian state that have to be solved with close synergy among the central, state and local governments. The growth achieved after that will be long-term and its consequences permanent, much like the United States, which grew over 2 centuries and not just in 40 years.

There is a famous online comment regards India from Chinese social media, “India lacked the first emperor of China in the past, and lacked a Mao Ze Dong in the present." The first brought a significant reform in Chinese society to eliminate inheritance by blood and decision making is given to the capable. The second one is expelling colonialism, not just physically but also mentally. Chinese do not see English speaking skill as a pride or social status as Indians, even though learning a second language is always encouraged.

@akshayuppala9295

Күн бұрын

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

@foodparadise5792

Күн бұрын

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

@lokilonii

Күн бұрын

​@@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.

@koushikdas1992

Күн бұрын

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

@koushikdas1992

Күн бұрын

​@@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.

It's the average IQ

China's political system is much more well thought out than I knew, I knew it was a hardcore meritocracy but it was actually that important to its growth...

@kobemaobraint6631

2 күн бұрын

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。

@whisky1991q

Күн бұрын

@@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.

@UNKNOWNWORLD-k9s

Күн бұрын

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

@ailo8964

Күн бұрын

Chinese government does seize and confiscate large companies.

@oceanwave4502

Күн бұрын

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?

Glad you mentioned Dr. Pettis, Joeri! What do you think of his book Trade Wars Are Class Wars? Also, would you consider doing book reviews?

This is the best description I've seen on the topic. Note: I'm neither Chinese nor Indian, but I'm familiar with business in both places.

I am an Indian and I agree with 100% what you said or Raguram Rajan said

Nice points, even many Indian don't understand everything you pointed out.

@himadripaul345

2 күн бұрын

They are dumb. Their literacy rate only 77%.

@archockencanto1645

2 күн бұрын

Obviously. Not everyone wants to know about economics.

@Banditxam4

2 күн бұрын

They do but caste politics is more fun for them

@marshalLannes1769

2 күн бұрын

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

@vsr3777

2 күн бұрын

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.

Little advice: things are political in India and listening to Raghuram Rajan, who is noted against the current political party is not going to help you. He said India would be lucky to hit 5% growth in 2023 and it posted 8.2%.

@Tonad_Drump

Күн бұрын

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

@geraffgurung

Күн бұрын

​@@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.

@mazedabari6438

17 сағат бұрын

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

@mahafujsirclb9inielts91

12 сағат бұрын

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

Giving more power to cities will definitely help us a lot, states should let cities pick their mayors at least the bigger ones

India will always be India .

I was shocked that tons of parliament members are charged with serious crimes like homicide or rape. I think there should be more moral awareness in the public sentiment.

@shrin210

2 күн бұрын

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

@user-cq5xt1zj3r

2 күн бұрын

there are pedos too.

@user-zv5li4jt3j

Күн бұрын

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

@thefreemonk6938

10 сағат бұрын

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

@user-zv5li4jt3j

10 сағат бұрын

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

Influenced by Confucius, East Asian countries attach importance to education. Although it seems that China and India had similar gdp in the 1990s, their national capabilities are completely different. Similarly, North Korea's per capita gdp is now similar to that of African countries, but when North Korea has the opportunity to liberate its economy, it will definitely be faster than African countries because its education has been prepared in advance.

@rohanindra6401

2 күн бұрын

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.

@paulthomas281

2 күн бұрын

@@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.

@jyashin

2 күн бұрын

@@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)

@tritium1998

2 күн бұрын

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.

@nikhilkay1

2 күн бұрын

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.

Too hot in that region for people to think, temperature explains why the hottest regions tend to be muslim, it melts your brain

@devyanilimaye8560

20 сағат бұрын

Wtf😂

Finally, nice to see some sensible criticism (not melodramatic false narrative) about what India is lacking. I actually think most globally aware Indians will agree with this.

Just a correction for pronunication of bihar - it's be-har, 'bi' is pronounced like 'bistro' not 'binary'

@defjam137

2 күн бұрын

English ☕

@user-dc9oq2pr6v

Күн бұрын

Who cares

@Andreas_42

Күн бұрын

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

MoneyMacro could you make a video about Premature Deindustrialization and the rise of automation and how these two will affect developing countries in the future? Thank you.

I think a core problem with India is people prefer chaos to order and are too laid back. South Asia is an interesting place but I think having an appreciation for planning and rules is a huge reason for a nation’s development

@unconventionalideas5683

Күн бұрын

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

Probably the most compelling and comprehensive analysis by any western economist! I live in India and his analysis is spot on. Also, this is the most fact based and unbiased analysis I’ve ever seen about India! Thank you for making this amazing video! 😊

The biggest drain on Indian economy is agriculture. Whose productivity is very low, supply-chain is disconnected from market, and lot of money gets sunk through state subsidies and loan waivers. The second biggest drain is salaries and pensions of govt job retirees, who joined during socialist years. Because of this capital available for China-style manufacturing boom is limited. India needs urgent reforms in agriculture, govt pensions, land reforms and labour reforms.

@AdityaJape

2 күн бұрын

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

@lolasdm6959

2 күн бұрын

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.

@AdityaJape

2 күн бұрын

@@lolasdm6959 🤣

@harshjain3122

2 күн бұрын

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

@swapneelbehera260

2 күн бұрын

​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

Very insightful - thanks. Here's another nuance - let's be specific about what local government means in India. It is a city municipal corporation ( elected officials) or a district government ( unelected bureaucrats). The largest cities are often a huge part of their respective state's GDP. There's no way that a State Government will cede power to a city Municipal Corporation even if the same political party is in power. FDI wants to go the the large city predominantly, while the State Govt is often run by the more rural politicians. City infrastructure has been held up for decades due this lack of alignment

Absolutely true. I am an Indian and every point you made stands true.

Democracy is about what’s the most popular not what’s the best, if anyone mistake the two as being the same, they are idiots

Thanks! Very interesting comparison.

love the well rounded research, thx

Also because of it's extreme diversity, India's states have a kind of barrier where communication and free flow of ideas have reduced compared to china and its monoculture. Indian's have a very loose indentity and often cultures clash with each others

If you want to start a business in India, before you can get all the approval and documents clear. Prepare to pay lots of tea money first or your approval can take months if not years. And pay to many levels. The more you are wishing to pay, the faster you can get all the approvals.

Maybe it is interesting to talk about how tightly the Chinese Communist Party controls the business environment. Because China did not just welcomed foreign firms to do as they pleased, but controlled the flow of capital every step of the way, for example, part of the profit made in China had, by law, to be reinvested in China. Another constraint in business activity is the mandatory existence of a CCP office in every firm with more than 100 employees. If we look at the problem with the lenses of the CCP, we might explain the Chinese economic miracle as the result of a revolution carried out by a highly professional, organized and disciplined political apparatus with an explicit nationalistic and anti-imperialistic agenda.

@WalkingSideways

2 күн бұрын

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

@jieyan7952

2 күн бұрын

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

@anadasingh3456

2 күн бұрын

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.

@abctutnichtweh1

2 күн бұрын

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

@hink0027

Күн бұрын

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?

Good video, it would be nice to have an analysis on Indonesia and Brazil

In India, there is a high level of corruption, and it often seems that bureaucrats and politicians do not prioritize the needs of common people

Just a feedback that you said Indian democracy is “precautious” democracy in 18:00, but the screen shows “premature” democracy instead. Based on the fact that India held elections for decades in selecting representatives, I think “premature” is more reasonable the “precautious”.

China has been a functioning state for the last 3000 years. India has been a state for 70 something years and it has never functioned. That’s the difference.

@spikermike2843

2 күн бұрын

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

@jayc1139

2 күн бұрын

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.

@desibigfoot3874

2 күн бұрын

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

@elimlinrr6898

2 күн бұрын

​​​@@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.

@sanuthweerasinghe7825

Күн бұрын

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.

Excellent video, well researched

@MoneyMacro

2 күн бұрын

Thank you!

I am an Indian and i cannot change my peoples mindset it sucks man.its like showing a torch to blind person.

I think that one factor is that the quality of work was not up to par, at least at one time. They repurposed special economic zones to IT hubs when i was there. They told me that themselves. Companies pulled out.

Fundamentally China has a homogeneous population with similar aspiration which helps China's authoritative govt to take bold and firm decisions. We in India, on the other hand, are a too diverse where each set of people have totally different and sometimes entirely opposite aspirations. Any decision or policy in India would be shortsighted as elections keep coming regularly and it needs to take along group of the society. Hence we can never achieve such rapid pace of growth. But whatever growth we get are small steps towards building a common consent and the coming generations will reap the benefit of a well-developed strong stable India.

@user-yv4lc3gd1l

2 күн бұрын

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.

@jatin9070

2 күн бұрын

​@@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 .

@gsyoou

Күн бұрын

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

@user-yv4lc3gd1l

Күн бұрын

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

@Riot-Mafia-UP32

Күн бұрын

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

The Chapatis will triumph against China ONLY in their wildest dreams 😂🤣😂

@JinJiaLat-vl1oj

2 күн бұрын

Yep, in their bollywood movies

@aryansociety108

Күн бұрын

Go on.

@subasthapa4839

17 сағат бұрын

😂

Good that the video and the cited sources are willing to address the non-PC idea that democracy is actually one of the factors holding India back. For comparison, most of the East Asian dynamic economies rapidly industrialised (or reindustrialised after WW2) under either outright military governments or else effectively single party governments.

@canto_v12

Күн бұрын

Yup, including Korea and Taiwan.

Wow as an Indian, a "premature democracy" makes alot of sense to me.