India: The Next Economic Superpower

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India is soon to be home to the largest population of citizens on the planet. And as of 2014, the nation will also hold the title of the fastest-growing major economy in the world (stealing the title from the slower-growing economy of China).
This country has had an amazing journey to get to where it is today. And with the right political governance, it's very likely to become one of the world's most powerful economies very soon. But, it's not quite there yet. And in GDP terms, India's collective economy is still smaller than that of California.
And while poverty is a very prevalent problem, India's certainly on the up and up. Throughout the past two decades, it has seen unbelievable levels of growth that has, among other things, pulled hundreds of millions of its citizens out of poverty.
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📚 Want to learn more about the economy of India? We recommend reading "RESET: Regaining India’s Economic Legacy", by Subramanian Swamy
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#India #Superpower #Economics
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Sources & Citations -
Dreze, J. and Sen, A., 1999. India: Economic development and social opportunity
Tomlinson, B.R., 1979. The political economy of the Raj, 1914-1947: The economics of decolonization in India
World Economic Outlook Database, April 2019". IMF.org. International Monetary Fund. Retrieved 29 September 2019.
World Bank Country and Lending Groups". datahelpdesk.worldbank.org. World Bank. Retrieved 29 September 2019.
Bose, S. and Jalal, A., 2017. Modern South Asia: history, culture, political economy
"Human Development Report 2018". United Nations Development Program. Retrieved 23 September 2018.
Wiener, M., 2015. State politics in India (Vol. 2370). Princeton University Press.
Cassen, R., 2016. India: population, economy, society. Springer.
Griffiths, P., 2019. The British Impact on India. Routledge.
Drèze, J. and Sen, A., 2015. An uncertain glory: India and its contradictions.
Music: Sage
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Пікірлер: 4 700

  • @EconomicsExplained
    @EconomicsExplained4 жыл бұрын

    Thanks for watching EE nation! ❤️ If you enjoyed, please consider supporting the show on Patreon! 😎 See new videos early, participate in exclusive Q&As, and more! ➡️ www.patreon.com/EconomicsExplained

  • @dhruvdoshi56

    @dhruvdoshi56

    4 жыл бұрын

    A video on new zealand economy please

  • @grandmapepe8331

    @grandmapepe8331

    4 жыл бұрын

    Uhh I think you’re a few months too late on the comment EE

  • @usd2868

    @usd2868

    3 жыл бұрын

    Video on New Zealand pls

  • @golupandey1006

    @golupandey1006

    3 жыл бұрын

    IT is the biggest reason of the growth in india. there is no country in the world that can do what indians can do in IT at a certain price. india has become the biggest it hub for tech companies

  • @curtiscarpenter9881

    @curtiscarpenter9881

    3 жыл бұрын

    Are tariffs protectionism or do they isolate a domestic market and make the country less competitive?

  • @vidhuarora8314
    @vidhuarora83143 жыл бұрын

    Good old days, when $1.8 Billion used to be the bailout money for an entire nation, not just a single corporation

  • @frommarkham424

    @frommarkham424

    2 жыл бұрын

    1.8 billion back then was worth a lot more then today. So back then, 1.8 billion would've looked like over dozens and dozens of billions compared to today. It's just an illusion

  • @metagde6402

    @metagde6402

    2 жыл бұрын

    @@frommarkham424 1.8 billion dollar would be simply x4 times today due to inflation The money needed to bail out is still alot than along ago

  • @frommarkham424

    @frommarkham424

    2 жыл бұрын

    @@metagde6402 Yes that's what I'm trying to say

  • @25fpslagger81

    @25fpslagger81

    2 жыл бұрын

    @@frommarkham424 no even when adjusted for inflation it's just about 8 billion dollars , for comparison India's richest man is worth 70 billion dollars

  • @aniksamiurrahman6365

    @aniksamiurrahman6365

    2 жыл бұрын

    Don't worry. Since the recent, Unicorn Bubble in India, $1.8B will soon become the bailout money for a single household.

  • @waveculture
    @waveculture4 жыл бұрын

    Correction Request: We don't just have different dialects but completely distinct languages with seperate scripts.

  • @siddhan10able

    @siddhan10able

    4 жыл бұрын

    @CalvinV7 1300

  • @ritwikreddy5670

    @ritwikreddy5670

    3 жыл бұрын

    @CalvinV7 22 sceduled languages with different script, 3 different language families( whole of europe and middle east is in a single language family)

  • @flaminmongrel6955

    @flaminmongrel6955

    3 жыл бұрын

    @CalvinV7 you can remember easily that India has 3 language families Indo-aryan languages in Indo-European languages family of the north klisht hindi is very close to european languages like wahon is hindi for vehicle wagon is german for the same tu is you in hindi and du is you in german schon is beautiful in german and in hondi sön/sünder is beautiful and then dravidian languages of the south which are completely different from the north and east and the east has languages closer to Mongolian and northern languages.

  • @nilratansarkar2000

    @nilratansarkar2000

    3 жыл бұрын

    @@ritwikreddy5670 arabic is not an indo European language. All the European languages belong to indo European language family but other than that all Iranian ethnic languages (parsi, ajerbaizani,balouchi,dari,kurdish) and only indo-aryan or Indic languages of the indian subcontinent are part of Indo iranian language which belong to Indo European language family.

  • @thedevil3179

    @thedevil3179

    3 жыл бұрын

    @Radev4 most of Mongolia and tibet Burman language were merged during the mongol rule of 12-14 centuries because of the adoption of Tibetan Buddhist faith by the mongol Khan's so you can't really say that they are much different

  • @cokedupnormies2651
    @cokedupnormies26513 жыл бұрын

    "bad mix of worst of communism and worst of capitalism" man as an Indian living in india yea that's very fkn accurate ggwp

  • @pranayraturi4754

    @pranayraturi4754

    2 жыл бұрын

    @@neanderthal7405 I am pretty certain the worst thing about communism is nationalisation of certain important industries which kills competition and removes the reason for innovation. Think about Indian airlines which used to be owned by Tata but was nationalised , effectively scaring big companies from investing money in ventures since they could always be 'stolen' by the government. As for the capitalism I am not sure.

  • @29-arnavsamant97

    @29-arnavsamant97

    2 жыл бұрын

    @@neanderthal7405 as for capitalism, well it is basically the highly regulated capitalism.

  • @aniksamiurrahman6365

    @aniksamiurrahman6365

    2 жыл бұрын

    Next gen India will be a bad mix of the worst of controlled capitalism and worst of income inequality.

  • @angadgrewal9324

    @angadgrewal9324

    2 жыл бұрын

    meanwhile china at the same time had the best of socialism and the best of capitalism

  • @maheshpun4804

    @maheshpun4804

    2 жыл бұрын

    @@pranayraturi4754 Ehh is nationalisation prioritizing native companies over foreign ones, which allows national companies to grow and not getting killed by foreign companies. Cause that's what Japan, Korea and now China have been doing and it's worked out great for them.

  • @kkx7790
    @kkx77903 жыл бұрын

    "India took the worst of capitalism and communism"

  • @alenpaul2523

    @alenpaul2523

    3 жыл бұрын

    True

  • @suryakiran4196

    @suryakiran4196

    3 жыл бұрын

    A good chunk of that worst of both worlds even now exists in india

  • @suyashbhardwaj3419

    @suyashbhardwaj3419

    3 жыл бұрын

    True

  • @peianghe2466

    @peianghe2466

    3 жыл бұрын

    I'm not sure if India will become the next economic superpower in the future, but I'm sure India got surpassed by Bangladesh in 2020.

  • @lozcast7924

    @lozcast7924

    3 жыл бұрын

    @@peianghe2466 surpassed in what?

  • @katyoutnabout5943
    @katyoutnabout59434 жыл бұрын

    I like your optimism and realism. Every other video you watch on youtube is like “new economic power, its the end of the world” and youre just like “nah mate, its all good”

  • @EconomicsExplained

    @EconomicsExplained

    4 жыл бұрын

    Sensationalism is good for the clicks but I would prefer to keep it real. Thanks for recognising :)

  • @Valorince

    @Valorince

    4 жыл бұрын

    @@EconomicsExplained - being real and speaking the truth will keep me subbed for the rest of my little human existence.

  • @matthewhemmings2464

    @matthewhemmings2464

    4 жыл бұрын

    Katy Out n About I think many people worry that if other nations get better, they will be worse. Which, relatively is not wrong, but might globally increase the world’s standard of living. It would be wrong to think that the West doesn’t have a feeling of superiority, and seeing this dynamic change makes some uncomfortable. The thing I personally worry about are future potential frictions between divergent major powers. For example, the possible frictions between China and the US in the Eastern Hemisphere. The other thing I wonder is how long India will be okay being subservient to Western multinationals. The video mentions how India will be interesting in future decades for anglo-saxons companies, but inevitably these companies will use India for the benefit of their shareholders in their own countries. Thus my point is, at one point India will have outreach the benefits it can get from foreign multinationals and will want to defend its own companies like China, Europe, etc.

  • @Luredreier

    @Luredreier

    4 жыл бұрын

    Honestly on the whole we in the west can afford to lose economic power to India. We already have way more resources then we need for our populations, our issue is just how it's *distributed*. I'd be fine with a slight fall in the standard of living in countries like my own (Norway) where we have a economy that's egalitarian. For countries like the US though they'd do just fine if more of the resources actually ended up in the hands of the average American even if their total economy where to shrink, as long as their government debts (federal and state level both) is dealt with. A higher average income might actually help with that issue since it would increase the tax income of the states and the nation as a whole. Anyway, the world can adapt to new economic realities. I think we're going to have to deal with our disadvantages though, like a potential fall in available raw materials as they're being used up closer to the point of extraction. Perhaps some space mining could help here? There's a lot of raw materials locked away in asteroids and third world countries simply do not have the economic power yet to make use of those. While it's not a answer on its own it might make up for some of our disadvantages.

  • @matthewhemmings2464

    @matthewhemmings2464

    4 жыл бұрын

    Luredreier I agree a huge portion of our economic output is extremely futile and wasted, and it would definitely be possible to massively reduce our consumption and increase economic equality and still bring billions of people out of poverty. That’s a slightly utopic dream of many environmentalists I believe. What I personally would like is for the GDP index to disappear from economic speech.. I know it’s a useful index, but it is so denatured by economists, politicians and normal people to be something that it is not. I feel that it often influence policies that are completely wasteful and incoherent with economic interest just to see it increase by a few percent.

  • @bw1678
    @bw16784 жыл бұрын

    The British left them with the English language... and also a never-ending dispute with Pakistan. Hooray.

  • @Damo2690

    @Damo2690

    4 жыл бұрын

    Pakistan isn't entirely UK's fault, the Muslim population of the Raj wanted it

  • @mateuszsmagacz8332

    @mateuszsmagacz8332

    4 жыл бұрын

    Britain should then colonize both again to end the dispute :)

  • @rhna8298

    @rhna8298

    4 жыл бұрын

    @The Engineer Guy stop making up lies mate. Muslim league won all its seats from Muslim majority areas. And Muslims could see what would happen to Muslims of south asia under the hindu majority of india as hindus wanted the blood of muslims in order to avenge the 1000 years Muslim rule over indian subcontinent.

  • @MM-br3gt

    @MM-br3gt

    4 жыл бұрын

    @@rhna8298 It is like a family adopting a child from a orphanage because the child was cute and it did not have parents and then they say that it is their own child and that it is their blood when it is not same way pakistanis are muslim converts who took up the religion when in reality they have got nothing to do with it and also they have got nothing to do with the invaders from middle east or central Asia as well

  • @MM-br3gt

    @MM-br3gt

    4 жыл бұрын

    @@rhna8298 the INDIAN NATIONAL CONGRESS PARTY had a lot of hindu, Muslims, sikhi politicians and it represents all the indian people and their sentiments the partry wanted independence and self rule, and good relationship with the British after independence of india but the British in order to end this nationalism they stared making a rival party and they knew if all indians unite then the British rule in india will not be under control even during the 1930s the congress party had all the seats its only after 1937 or 38 and 40s that MUSLIM LEAGUE because a important part the party was not even famous during the early 1930s or before that every indian supported the congress whether he was a Muslim or a Hindu or a sikhi and did not listen to the MUSLIM LEAGUE so much

  • @shutout951
    @shutout9513 жыл бұрын

    Understatement of the century "Corruption is something that international corporations can deal with"

  • @MCHD4

    @MCHD4

    3 жыл бұрын

    International corporations does engage in corruption to give them a upper hand. Especially in 3rd world countries were its much easier to do so.

  • @dahasolomon7314

    @dahasolomon7314

    3 жыл бұрын

    It's literally something they invented, streamlined and spread around faster then anything the world has ever seen.

  • @cyrusol

    @cyrusol

    3 жыл бұрын

    @@dahasolomon7314 Corruption is about as old as prostitution and back then there were surely no corporations. They didn't invent it.

  • @peterszegedi

    @peterszegedi

    3 жыл бұрын

    @@dahasolomon7314 I’m coming from a former socialist country and oh boy, without corporations we very much had (and still have after the change) a significant amount of corruption in the political system.

  • @alephnull6691

    @alephnull6691

    2 жыл бұрын

    @@MCHD4 What do you think are third world countries?

  • @alexwolf4000
    @alexwolf40003 жыл бұрын

    You missed a very important part, Indian demographics- India has very young population

  • @TheBluvigo

    @TheBluvigo

    3 жыл бұрын

    Also Africa lol

  • @Tonyx.yt.

    @Tonyx.yt.

    3 жыл бұрын

    Young but not even close as most of Africa, children per woman in India are 2.3 by average not between 3-6 like african countries.

  • @ewqdsacxz765

    @ewqdsacxz765

    3 жыл бұрын

    @@TheBluvigo Which is why Africa (along with India) is the next frontier of global economic growth. China and the USA are already competing over influence in Africa, because they know it will matter.

  • @eduwino151

    @eduwino151

    3 жыл бұрын

    @@ewqdsacxz765 china is aging rapidly Africa will be the next source of cheap manufacturing for chinese companies

  • @jesuisanonyme7312

    @jesuisanonyme7312

    3 жыл бұрын

    The same reason why Japan is in the decline

  • @MerganNaidoo
    @MerganNaidoo4 жыл бұрын

    You should do a video on the disastrous state that the South African economy is in.

  • @RockSmithStudio

    @RockSmithStudio

    4 жыл бұрын

    Truly is amazing how far they've fallen. At the turn of the century, they were looking like the role model state for African Nations in terms of progress.

  • @zeplyn5684

    @zeplyn5684

    4 жыл бұрын

    Then we got Zuma

  • @TheAtlasReview

    @TheAtlasReview

    4 жыл бұрын

    "Let's just do what Zimbabwe did, it worked out great for them"

  • @Nonenone-rj9yp

    @Nonenone-rj9yp

    4 жыл бұрын

    yarp it's bad

  • @lotto5742

    @lotto5742

    4 жыл бұрын

    We need to save all the beautiful white women over there.

  • @tanmayjyothis5329
    @tanmayjyothis53294 жыл бұрын

    1:08 Actually a century under the British empire. There's another century under the East India company rule, totaling to a grand total of 200 years

  • @oneboy8183

    @oneboy8183

    4 жыл бұрын

    But a total of 250 years... Just like the holy Purans predicted

  • @TheThumbsUpGuy

    @TheThumbsUpGuy

    4 жыл бұрын

    Then the mughals before that; India really got screwed by history

  • @tanmayjyothis5329

    @tanmayjyothis5329

    4 жыл бұрын

    @@TheThumbsUpGuy the mughals were not really colonists. They lived in India, spent taxes collected in India for the betterment of the empire. Times under Akbar are said to be prosperous. There would be no Taj Mahal, no red fort etc without the mughals. Mughals were able to conquer most of India and unite it. I don't think the mughals screwed India over. The British on the other hand were the polar opposites. They were colonists and India was made a colony. A colony that exist solely for resource extraction

  • @TheThumbsUpGuy

    @TheThumbsUpGuy

    4 жыл бұрын

    @@tanmayjyothis5329 You could be right. I'm not as informed on Mughal rule, but I think that they definitely did suppress religious freedom in the area(being Muslim invaders to a hindu area)

  • 4 жыл бұрын

    @@TheThumbsUpGuy The Mughals brought freedom of religion, whereas before that (and since that) India was a backwards country where only tyranical hinduism was allowed and all others were discriminated against.

  • @rishavbadola7357
    @rishavbadola73573 жыл бұрын

    While India had massive growth, there was a period of 5 years when inflation was greater than growth so thats one problem

  • @pasticcinideliziosi1259

    @pasticcinideliziosi1259

    3 жыл бұрын

    Inflation greater than population growth isn’t a bad thing. Inflation means that people are spending more, so it might be an indicator of better living conditions

  • @schroederscurrentevents3844

    @schroederscurrentevents3844

    3 жыл бұрын

    @@pasticcinideliziosi1259 i think he’s talking about economic growth but

  • @injustice5814

    @injustice5814

    2 жыл бұрын

    ​@@schroederscurrentevents3844 deflation is sign of dying or slowing economic, like japan where they have to artificial inflate their economy by printing more money. A economic stature is looking for steady inflation rate of about 2 to 3% they are more concerned about economic equilibrium than growth.A explosive inflation rate means money is getting distributed in the population at rather unforeseeable rate which has it's side effects like financially under-privilege people are left with less money in the terms of value of money than the year before and because they have no savings or surplus of cash and the increase in wages isn't enforced immediately rather organically when ever local market decides to. In a way creates many problems for them.Growth is inevitable what we want is stability.

  • @amantiwari4987

    @amantiwari4987

    2 жыл бұрын

    @@injustice5814 no actually he is telling that there were 4-5 years when economic growth was avg 6-7% while inflation rate reached 10-12%

  • @hrishantaswani8055

    @hrishantaswani8055

    2 жыл бұрын

    @@pasticcinideliziosi1259 Indian inflation is majorly cost pulled, not demand pulled. Inflation in recent years hasnt been complemented by a substantial increase in standard of living that makes it worthwhile either.the employment situation isnt too great either.

  • @samjewellery3336
    @samjewellery33362 жыл бұрын

    In short,india was rich,then became poor,now becoming rich.very truthfull and well researched article.thank you.

  • @predator7418
    @predator74184 жыл бұрын

    Though I am only 25 and an Indian , when I was young I always wondered why there was a sudden boom in the 90's and why wasn't before that , I asked my parents and older people but no one knew why except the two words 'privatisation' and 'globalisation ' and I asked again why would that happen in the 90's and why not before , some said it just happened on its own and some even said the great government at that time made monumental decisions to that made India what it is today , but tbh I wasn't really convinced with all those answers, I was searching for a long time in the internet but I understood one thing , the fall of the Soviet Union has something to do with this but I wasn't sure what it was , but 'thanks mate' you shed light about the 1.8 billion dollar loan from the IMF and the complete change in Indian economy after 1991 ✌️🙏🏻

  • @anshuman2089

    @anshuman2089

    4 жыл бұрын

    You have hit the Bull's eye. Manmohan Singh was forced to obey IMF and during his tenure as PM forced to listen to Sonia Gandhi. Nothing special in him.

  • @predator7418

    @predator7418

    4 жыл бұрын

    Anshuman Nayak if I say that to a common Indian they will hit me with slippers 😂

  • @tushar.srivastava92

    @tushar.srivastava92

    4 жыл бұрын

    BTW you shouldn't think you are "only 25". Most of the population in their 20s including India are major players in the startup industry across the globe and leading milions and billions of $ of companies 🌐

  • @theAraAra

    @theAraAra

    4 жыл бұрын

    ​@@anshuman2089 Actually, Manmohan Singh had been asking for liberalisation even in his PhD thesis, back in the 1970s if I'm not wrong. Even if it was done under the glare of IMF, it was an opportunity to reform. As the saying goes, never let a good crisis go to waste. The problem with Indian bureaucracy is that economic reforms take AGES, and this is true for both the Congress and the BJP. It's very difficult to say I'm going to loosen labour laws or make it easier for businesses to acquire land, if that is going to cost you votes.

  • @kingspammernerd

    @kingspammernerd

    4 жыл бұрын

    @Schrodinger's Cat Source?

  • @Leon-pn6rb
    @Leon-pn6rb4 жыл бұрын

    Respect to India from Brazil. The world needs another powerful rising democracy

  • @redradcomrade

    @redradcomrade

    4 жыл бұрын

    India is a FLAWED democracy

  • @lllool8404

    @lllool8404

    4 жыл бұрын

    Modi is a closet fascist trying to ignite the wildfire of Hindu supremacism.

  • @Rishi123456789

    @Rishi123456789

    4 жыл бұрын

    12345a: "Respect to India from Brazil. The world needs another powerful rising democracy" Thank you for your kind words, my Brazilian brother. I am an Indian who was born in Australia and I would love to see India and Brazil work together more in the future.

  • @Rishi123456789

    @Rishi123456789

    4 жыл бұрын

    @@redradcomrade Yes, India is a flawed democracy, but at least India IS a democracy (unlike China).

  • @Leon-pn6rb

    @Leon-pn6rb

    4 жыл бұрын

    @@redradcomrade all democracies are flawed. Perfect only exists in fiction. And as someone said, better than a military dictatorship or communism

  • @Gadavillers-Panoir
    @Gadavillers-Panoir3 жыл бұрын

    Love from Sri Lanka. Hope some of that economic growth up north would trickle down here as well.

  • @atriacharya2967

    @atriacharya2967

    3 жыл бұрын

    We love Sri Lanka, bro.

  • @cursedsage8325

    @cursedsage8325

    2 жыл бұрын

    Don't worry, china has set its eyes on you. 🙂

  • @noraisalive8193

    @noraisalive8193

    2 жыл бұрын

    China colony 😂😂

  • @pujanadhikari547

    @pujanadhikari547

    2 жыл бұрын

    😆. We in nepal are hoping the same

  • @atriacharya2967

    @atriacharya2967

    2 жыл бұрын

    @@pujanadhikari547 your government has to stop cozying up to China

  • @arunavobhattacharjee1098
    @arunavobhattacharjee10984 жыл бұрын

    Indians dont just speak dialects of a same language. We have thousands of different languages.

  • @Vstavayteludirusskiey

    @Vstavayteludirusskiey

    3 жыл бұрын

    Yes, 1190 languages.

  • @Vstavayteludirusskiey

    @Vstavayteludirusskiey

    3 жыл бұрын

    @@kneeldownsuckmystick6866 It's. 1.8 person permillion compare to 28 /m of south africa and 18/m of some Scandinavian country.

  • @sriharshacv7760

    @sriharshacv7760

    3 жыл бұрын

    @@kneeldownsuckmystick6866 Never misses an opportunity to pee on someone's parade.

  • @speedwagon1824

    @speedwagon1824

    3 жыл бұрын

    @@kneeldownsuckmystick6866 they don't kill (all) foreigners

  • @Steve-hm3ri

    @Steve-hm3ri

    2 жыл бұрын

    'thousands' is an exaggeration tbh maybe like 100

  • @KhalerJex
    @KhalerJex4 жыл бұрын

    "BUT"

  • @akaviral5476

    @akaviral5476

    4 жыл бұрын

    "NOW"

  • @yashparmar5901

    @yashparmar5901

    4 жыл бұрын

    I am an indian but I agree...

  • @ilovekitkat7857

    @ilovekitkat7857

    4 жыл бұрын

    🍑

  • @royk7712

    @royk7712

    4 жыл бұрын

    there''s a BIG BUTT THERE!!!

  • @TheSnowstorm31

    @TheSnowstorm31

    4 жыл бұрын

    Anonymous 123 I’m not indian but I agree

  • @TheDragster9
    @TheDragster94 жыл бұрын

    While India has a President that position is mainly titular The head of the state in practice is the prime minister

  • @tstcikhthyss

    @tstcikhthyss

    4 жыл бұрын

    Head of government is the PM. Head of state is the President.

  • @Loj84

    @Loj84

    4 жыл бұрын

    "Mainly titular" = head of state.

  • @tstcikhthyss

    @tstcikhthyss

    4 жыл бұрын

    @Abhishek Shukla Sure. You're describing the responsibilities of the role, but I'm defining the role itself.

  • @robinswamidasan

    @robinswamidasan

    4 жыл бұрын

    @@tstcikhthyss But, your definition of the 'role itself' is wrong. The President is the Head of State, which is a largely titular position. The PM is the Head of Government; this role has legislative authority and also oversees executive functions. If you're still unsure of the difference, contrast this with the US, where the President is Head of State and Head of Govt. He/she has a titular role and executive authority, but not legislative power (which is given to the Congress -- House of Representatives & Senate).

  • @tstcikhthyss

    @tstcikhthyss

    4 жыл бұрын

    @@robinswamidasan You're saying exactly what I said. See my first comment.

  • @Shaurya_Pant
    @Shaurya_Pant3 жыл бұрын

    Wow, as an Indian, I've never heard such an optimistic review of our past, analysis of present and projection of the future. I wish that all goes well, and the downturns of the present pandemic would soon be overtaken by thr prospects of a better tomorrow. Thankyou for this video, this made my day. ♥️

  • @fullmetaltheorist

    @fullmetaltheorist

    Жыл бұрын

    India overtook the UK recently. If it keeps up the pace it could go toe to toe with China or even America in a few decades.

  • @L.K.P_

    @L.K.P_

    Жыл бұрын

    ​@@fullmetaltheoristit would take another 100 or 200 years for that

  • @lixautofix142
    @lixautofix1423 жыл бұрын

    Greetings, India! Jai Hind!

  • @nileshpatel5573

    @nileshpatel5573

    3 жыл бұрын

    Greetings to Philippines to from India 👍

  • @deltasfacts9645

    @deltasfacts9645

    3 жыл бұрын

    Thanks brother

  • @onlinemathquiz3621

    @onlinemathquiz3621

    3 жыл бұрын

    philippines was once ruled by indian explorers sad to see that philippines no longer hindu

  • @theburden9920

    @theburden9920

    3 жыл бұрын

    @@onlinemathquiz3621 yeah so many indians japnese and chinese before the spanish era.

  • @pointzero4450

    @pointzero4450

    2 жыл бұрын

    @@onlinemathquiz3621 I think you mean Indonesia, Philippines is colonized by Spanish not indians

  • @hussey4826
    @hussey48264 жыл бұрын

    How to grow your YT channel? Step 1: Make a video on India Step 2:Enjoy!

  • @kulkarniprabhanjan

    @kulkarniprabhanjan

    4 жыл бұрын

    Indian Power Explained.

  • @indianetizen

    @indianetizen

    4 жыл бұрын

    Not for long dear, the cheap 4G price war is almost over and today news came out that all of the networks are going to cut privileges off their customer due to India's "reforms"by super brilliant politicians in power.

  • @harsh.mishra28

    @harsh.mishra28

    4 жыл бұрын

    @Stellvia Hoenheim thing of past dude. We have got more than 95% coverage of toilets in the last 5 years. We have the willingness to improve and develop and soon we will regain out place in the world coz we 'street shitters' are united in our endeavours. Peace.

  • @sonuchauhan-ne3cj

    @sonuchauhan-ne3cj

    4 жыл бұрын

    @@indianetizen You didn't read the full news did you?

  • @hrushikeshthorat1433

    @hrushikeshthorat1433

    4 жыл бұрын

    He already makes videos on different countries. I'm a subscriber from last 8-9 months. He used to get a lot of comments on Indian Economy. And there he is!

  • @pmzqhg
    @pmzqhg4 жыл бұрын

    The map showing Hindi, Telugu, Tamil, etc.. are languages and not dialects. Just a minor correction.

  • @user-yc3fg6ye1s

    @user-yc3fg6ye1s

    4 жыл бұрын

    It's a major correction bro 😅

  • @ilianceroni

    @ilianceroni

    4 жыл бұрын

    Teja Vemula technically speaking, either there are not dialect at all, either those are all dialect except Hindi. From the linguistic point of view, there is no difference between dialects and languages (and this is where the “all languages came from” idea). There’s even a joke on this subject, linguists use to say “A language is a dialect with an army”. This is because the only difference is actually political: basically a language (in a non-linguistic sense) is a “chosen dialect” (and it’s the same for every natural language in the world). So, if your a linguist or you’re studying languages, you consider all of them as a language (and it’s correct). On the other hand, if your speaking on general terms you have to think at the “chosen one” (hindi in this case) as the “language”. This is also correct. In fact it’s only hindi that’s teach in school, in national TVs and so on (correct me if I’m wrong on this point). Hindi is the “chosen dialect”, it’s the “main language”, even if in some region another one is prevalent. This is one of those tomatoes situation, where tomatoes are indeed fruits in botanic, but are vegetables in kitchen and in the common sense. It’s the context that determine the actual meaning

  • @pmzqhg

    @pmzqhg

    4 жыл бұрын

    Ilian Ceroni Dialect in my reference is “a form of a language that people speak in a particular part of a country, containing some different words and grammar, etc.” - Cambridge dictionary. Cantonese and Mandarin are examples of this. Apologies but your assumption that Hindi is taught in all schools, etc is incorrect. India as an Union has Hindi and English as official languages. Some states have their own official languages in which business is conducted in. (It’s partly the reason English is also an Official language. Assumption in 1963 when it was introduced is that it would be “temporary”) I grew up learning English as first language, Telugu as second language (state language or what’s referred in India as “mother-tongue”) and the third language varied through my schooling days (Hindi, French and Sanskrit - Elective) Infant, The States Reorganisation Act of 1956 reorganised the states based on linguistic lines resulting in the creation of the new states after India’s Independence in 1947 and became Republic in 1950. “Fun fact” :- 6 to 7 languages among Top 20 languages in the world by native speakers are from Indian sub-continent.

  • @ilianceroni

    @ilianceroni

    4 жыл бұрын

    Teja Vemula to be honest in this case I don’t mind the dictionary definition, even if from a good one as the Cambridge or the Oxford. I’m almost graduate in general linguistic and I know dictionary have to give a concise a precise definition, even when the studies behind it have more to say. Of course, for a general discussion it’s viable, I just assumed you where using the “general one” but with some general linguistic influences (it happen a lot, unfortunately). The part that really interest me is the use of local languages. In your region the state write laws and official documents in Telugu (and English)? And the central government of India use all of the locals or Hindi and English (as it was told me)? I’m asking more out of curiosity, the reorganisation of states based on “local dialect” itself can make them “languages”, on both general and linguistic analysis 😁

  • @pmzqhg

    @pmzqhg

    4 жыл бұрын

    Ilian Ceroni Ok. You can call them dialects and I’ll call them languages and move on. - Signing off in my English dialect (if it may please you. 🙂)

  • @cameosix7077
    @cameosix70772 жыл бұрын

    To be honest India should already be an Economic superpower, but they aren't because of a single factor and I believe it's called *Corruption*

  • @buddermonger2000

    @buddermonger2000

    2 жыл бұрын

    Honestly I'd say it's more that China got about a 10 year head start and an extra amount of time in the spotlight which drove a lot of the investment to China instead of India. India on the other hand is honestly very similar to where China was about 10 years ago. And India is about to get a big influx of investors who are disillusioned with China and trying to find a better market of over a billion people.

  • @pacesucks7008

    @pacesucks7008

    2 жыл бұрын

    I'd say education

  • @pacesucks7008

    @pacesucks7008

    2 жыл бұрын

    @@buddermonger2000 they had a authoritarian government as well so greater control over policies and such

  • @ninaadkapoor6279

    @ninaadkapoor6279

    2 жыл бұрын

    Eh, that's kinda wrong. In fact, Corruption isn't that big of a problem. The Prime Minister himself welcomes FDIs and other forms of investments. The actual problem is the protectionist economy India had. It left a scar on the Indian bureaucracy, which is the problem. The license raj has long ended, but again, as I said before, has left a scar on the Indian bureaucracy and economy.

  • @anandsuralkar2947

    @anandsuralkar2947

    2 жыл бұрын

    corruption is no big deal in india mostly bcz taxes are miniscule compared to countries like USA so u cant suffer from corruption if u aint even paying taxes. i will give u the figure for indias all lower economic middle class and upper middle class only upper middle class has to pay taxes that too just around $120 a years on income of $1000 a years thats non existing tax from international stand point. but the real reason india didnt do very well is due to lack of proper survices and eduction

  • @logical_human
    @logical_human2 жыл бұрын

    I hope india will grow so this entire region ❤️from Pakistan

  • @sharvamotegaonkar5806

    @sharvamotegaonkar5806

    2 жыл бұрын

    I hope the Kashmir issue is solved and your nation recover from debt and also let's hope for the end of covid 19 btw love from India.

  • @selmonboi7929

    @selmonboi7929

    2 жыл бұрын

    love from india

  • @sithijadesilva5344

    @sithijadesilva5344

    2 жыл бұрын

    hoping the best for both India and Pakistan love from Sri Lanka

  • @selmonboi7929

    @selmonboi7929

    2 жыл бұрын

    @@sithijadesilva5344 oove you

  • @zephyrus9852

    @zephyrus9852

    2 жыл бұрын

    I want to be an Army and Diffend Pakistan and Thesstroy IndiJa 🤣🤣🤣 Apart of jokes, hope the dickheads that rule your countries won't lead you to war. Love you all from Italy 🇮🇹🇮🇳🇧🇩🇵🇰🇱🇰🇧🇹🇳🇵🇲🇻🇮🇹

  • @unflexian
    @unflexian4 жыл бұрын

    1991: IMF loans 1.8B$ (3.4B$ today) to India to stimulate its economy. 2019: IMF loans 4B$ to Ecuador to let America arrest Assange.

  • @wothin

    @wothin

    4 жыл бұрын

    @@drumilsevak2027 still

  • @salokin3087

    @salokin3087

    4 жыл бұрын

    WTF i love IMF now

  • @harshavardhanmp2031

    @harshavardhanmp2031

    4 жыл бұрын

    Equador Size and Population is it close to India, NOOO way

  • @Knightshield

    @Knightshield

    4 жыл бұрын

    @@drumilsevak2027 for 3.4B I'd snake you too... just how the world is man

  • @zahirkhan778

    @zahirkhan778

    4 жыл бұрын

    4B gets you nothing in the international market from a country perspective.

  • @rjsimpson2484
    @rjsimpson24844 жыл бұрын

    The reason behind India becoming a superpower is unlimited manpower

  • @giovannib666

    @giovannib666

    4 жыл бұрын

    Shubham Mishra mr. ping pong huehuehue. But yeah, as a brazilian, i know nothing about India. Interesting fact the one you bring. (Sorry got bad English)

  • @CB0408

    @CB0408

    4 жыл бұрын

    Yes, but that is true for most countries below global average gdp per capita. They basically grow by adding hard production factors such as land and labor.

  • @abhisheksharma1921

    @abhisheksharma1921

    4 жыл бұрын

    @@shubhamntpc543 Dude they do get reservation but they are still treated as slaves.

  • @Rishi123456789

    @Rishi123456789

    4 жыл бұрын

    @爸 爸 How does it feel knowing that China will always be second to the United States of America when it comes to global hegemony?

  • @danielkogan2641

    @danielkogan2641

    4 жыл бұрын

    Rishi China is the #1 exporter and has a much higher growth rate than the US

  • @robinswamidasan
    @robinswamidasan4 жыл бұрын

    While interesting, I find your analysis disappointingly superficial. I say this as a native of India, who became a US citizen and returned to India permanently 10 years ago. Yes, India has enormous potential and we've known that for a long time. India has been expected to shortly become an economic superpower for the past 30 years. The economic liberalization of India (1991) began just 5 years after Deng Xiaoping's reforms in China. But witness the difference in economic growth. The GDP of China is nearly 5 times that of India (nominal), and about 2.5 times that of India (PPP). This is despite India having roughly the same population and the advantages you mention -- English as a medium of commerce and a Western-style legal and political system. In my experience, the critical factor holding India back is the lack of education and the poor quality of education for those who get it (excluding a few, very exclusive universities). BTW, I actually returned to India 20 years ago and worked here for a year, hoping to contribute to the economic miracle. Unable to cope with my disappointing professional environment, I went back to the US in late 2001. I worked in the Information Technology sector, which is supposedly one of India's major strengths. (I honestly think it is still a 3rd tier force in IT -- cheap programming when given an unambiguous specification, appropriately decomposed into small tasks.) I too see a vast difference between call centers in India and those in the US. It's not because of their accent or their language skills. It's because they don't seem to know how to go about solving a problem. And I don't laugh, I almost cry; and I'm often quite angry. There is a lot I do not like about the US (which is why I am in India), but say what you will about Americans (USans) -- they do know how to get a job done. (Assuming they want to get the job done -- which excludes most politicians.) Somehow, Americans know what it it is to work. Having worked with several Chinese, I can say the same of them. Oh, Indians work very hard too, but, it seems to me that most of their effort is unnecessary and non-productive. The final output is usually slipshod. (This excludes those whose work hasn't changed for hundreds of years -- except for using mobile phones -- such as road-side fruit/vegetable sellers.) Indians in the US seem to pick up the local ethos very fast. It is not Rocket Science. But, most Indians seem okay with the slow pace of change -- Yeah, we'll be an economic superpower sometime in the future. And, frankly, that's now okay with me too, since I am retired. A little anecdote: In 2000-01 I returned to India and worked at a startup in Bangalore. We were incubated by a major Indian IT firm (one of the "most respected corporations" in India) and were housed in their campus. A month after I started work, one of the HR-Admin personnel came to me with a worried look and said: "You haven't signed the attendance register. Without your daily signatures we cannot release your salary cheque. We know you've been present, so just sign for all days and it will be fine." I signed dutifully and commented that I had forgotten about this Indian practice as I hadn't done it for the past 15 years in the US. Her puzzled reply was: "Then how do you know if people are working?" I took some effort to explain to her that it is quite easy to judge whether a person is working (& how well) by looking at what tasks have been accomplished. This applies to all levels of management & subordination, but I could see that she was not at all convinced. This concept of defining tasks (as best one can, there can be gray areas -- known knowns ... unknown unknowns!), assigning them to teams (and finally individuals), measuring their execution, taking corrective action, re-assessing one's estimates ... seemed thoroughly alien to the staff, including the software development & project management professionals. (Sometimes, 2 teams of 6 to 10 each, taking joint responsibility for several tasks.) Their idea of management in systems development & integration was simply to fill in a MS Project file with a vague schedule of tasks (& their dependencies). Needless to say this schedule was grossly underestimated and often revised. e.g. "We couldn't start programming because the servers haven't yet arrived.", having been assured earlier that the infrastructure would be in place in time for start of development. "Don't worry. It will get done", seemed to be the work ethos. Yes, but when and how well, and what went wrong, and how do we prevent that in the future, seemed entirely immaterial to them. I never had this problem in the US. Sure, there were delays, but it was never deemed unreasonable to inquire into their causes and take corrective or preventative action. In B'lore, any attempt to pinpoint causes was viewed with suspicion, deemed micro-management or finger-pointing and led to a circling of wagons. I was once told, in so many words, that my time would be better spent sucking up to the CEO. All things considered, they may have been right. After all, if they turn up for work, they must be working -- even if the job doesn't get done.

  • @cjshetty1744

    @cjshetty1744

    4 жыл бұрын

    10 years is a long time .. it's been almost 6 years since I came back from US started working here .. even though things weren't perfect initially but we can see the changes esepcially during the last five years .. Even during this coronavirus I am able to work from home bcz the infrastructure has improved drastically .. everything cloud based including attendance and more and more companies are trying to be employee friendly not all though.. it's really unfair you to compare things with US .. India is a new country and things are changing here for the good ..Instead of leaving India and ranting about the country you should have stayed and improved .. my founders came back from UK and many companies are started by people coming back from other countries and they are changing the culture here..

  • @ImKittyCow

    @ImKittyCow

    4 жыл бұрын

    very insightful analysis, but i think that inevitably the indian workplace management culture will change, since it would produce a much more profitable company and give them an advantage. Kind of like how even a bottom tier UFC fighter today would be the champ in 1993, because in the 27 years since its creation, the competence has developed through competition

  • @heatherfeather9951

    @heatherfeather9951

    4 жыл бұрын

    Lol, I think that this Indian work ethic (just show up to prove that you are working) has been adopted by all workers under the age of 25 in the US.

  • @zeliang5101

    @zeliang5101

    4 жыл бұрын

    @@heatherfeather9951 we have long way to go

  • @ninadpatil

    @ninadpatil

    4 жыл бұрын

    This is the most thought out and thoroughly analysed comment I have ever read on KZread. Never seen anything better. Totally agreed. The reasons behind your observation, in my opinion, is I think that Indians (well majority of Indians) lack competitive drive. We are just too much lethargic. We seem to be easily satisfied with a salary and very small percentage of the vast population tries to be innovative and still smaller percentage is "competitively-innovative" like Chinese or Japanese. That's why if you observe, you will see that competitiveness in Indians is limited to bagging highest paying jobs and secure government jobs. We somehow have ended up taking pride in being "Next Economic Superpower" since ages. We also somehow assume that we inherently the best of the people as being descendents of oldest grandest civilization in the world. It's like patting your own back. We need to give up certain things to adjust in this new modern world. So yeah, if people don't change and things go on as they are going non today, the only way India can become economic superpower is if all the other economic powers collapsed all of a sudden.

  • @horridohobbies
    @horridohobbies3 жыл бұрын

    There is one fly in the ointment for India: its political system. Unlike China, India cannot create good government policies without compromise and hindrance from partisanship and regular elections. Unlike China, India cannot execute these policies quickly and efficiently. It should be noted that this is also the case with the United States, which is currently trying to ramp up its infrastructure rejuvenation. For example, China built 27,000 km of high-speed rail in less than 10 years. Can you imagine India or USA doing the same? I sure can't. Singaporean diplomat and scholar, Kishore Mahbubani, once said, "While China is growing because of its government, India is growing despite its government."

  • @ShreeNation

    @ShreeNation

    2 жыл бұрын

    China also knows how to stomp its collective boot on its people with its Communist stronghold. Same can't be said for India or USA, where private companies work for their own profit, regulated heavily by governing bodies. Just because there is progress related to infrastructure or quick adoption of government policies, doesn't mean it's always a good thing.

  • @horridohobbies

    @horridohobbies

    2 жыл бұрын

    @@ShreeNation It's a good thing if the people are happy with their progress. It's a good thing if the people's lives are vastly improved. In the final analysis, these are the only things that matter. In fact, China's government enjoys the highest satisfaction ratings in the world, according to the Edelman Trust Barometer. According to Latana's Democracy Perception Index for 2021. According to a study from Ash Center at Harvard Kennedy School (Google for "Taking China's Pulse"). Methinks you do not understand the first thing about China's political system.

  • @karthikn5

    @karthikn5

    2 жыл бұрын

    Communist governments fall bad and fall hard. It's just a matter of time.

  • @friedsugar2701

    @friedsugar2701

    2 жыл бұрын

    Well China is an autocratic regime.

  • @10244325

    @10244325

    2 жыл бұрын

    @@horridohobbies You cannot fight the stereotype caused by western propaganda against China. Ordinary people like them just don't understand how China work everything out.

  • @diedertspijkerboer
    @diedertspijkerboer4 жыл бұрын

    I will go out on a limb here and say that businesses investing in developing countries because of cheap labour is a good thing. Yes, I see the problems, but if these countries are governed well, they won't stay a developing country for very long. Once the available labour force is working in all those newly created jobs, competition over labour will start, which means that wages go up. This can eventually lift the entire population out of poverty. Also, other ways to lift countries out of poverty have been tried and none of them have worked. The only serious worry I see is the environment, but India actually has quite ambitious environmental goals. If India can keep up its growth and protect the environment at the same time, that would be amazing.

  • @noname13years62

    @noname13years62

    4 жыл бұрын

    We have ambitious goals, we want to produce 40% of all our energy needs through renewable sources by the end of 2030 and reforesting 12% of our land by 2030 too. Hope we would be successful in achieving our goals.

  • @diedertspijkerboer

    @diedertspijkerboer

    4 жыл бұрын

    @@noname13years62 I hope so too. I hope that all your fellow countrymen will be lifted out of poverty soon and that you can grow your economy in a sustainable way. A strong India would, I believe, be a force for good in the world.

  • @livethefuture2492

    @livethefuture2492

    4 жыл бұрын

    I wonder if India would have overtaken china had we gone for a strong authoritarian government that makes policies to develop the economy instead of squabbling over votes

  • @diedertspijkerboer

    @diedertspijkerboer

    4 жыл бұрын

    @@livethefuture2492 Authoritarian government may work well for a while, but then you get a bad leader and things fall to pieces. Democracy may do worse in the short run but is much more successful long-term. If you ask me to predict how India and China will be doing in 40 or 50 years, my bet's on India.

  • @stafer3

    @stafer3

    4 жыл бұрын

    @@livethefuture2492 Depends, do you believe that 100% of all political leaders in India since 1947 had only good ideas for progress, and only flaw was that they were hindered by common people? If your answer is yes then yes. But I have this hunch that it wasn’t such way. Can you imagine that in that year 1991, the leader would just continue with protectionism because people’s dissatisfaction would not matter and they couldn’t vote him/her out of office? As he said in his video, North Korea had also trouble in 1991 … they went different path.

  • @CockatooDude
    @CockatooDude4 жыл бұрын

    How the hell did Thailand get from primarily agricultural to primarily service based in 5 years? We demand a video!

  • @mrbeastwithnomoney
    @mrbeastwithnomoney3 жыл бұрын

    India in title : Chinese and Pakistanis : my time has come in comments section

  • @suryanshsingh4533

    @suryanshsingh4533

    2 жыл бұрын

    Yes

  • @TTTT-gx7zt

    @TTTT-gx7zt

    2 жыл бұрын

    😂😂

  • @molamola8305

    @molamola8305

    2 жыл бұрын

    Meanwhile overproud cringy Indians: we Are ThE gReAtesT sIr

  • @le_meme_man8983

    @le_meme_man8983

    2 жыл бұрын

    @@molamola8305 true

  • @deepakkrgupta1879

    @deepakkrgupta1879

    2 жыл бұрын

    @@molamola8305 meanwhile pakistani who didn't win a war against india and fighting in comments section We R tHe BeST, NO.1 CoUNtry iN ThE WOrlD, and their army known for surrender in ground war

  • @AkshayDhargave
    @AkshayDhargave4 жыл бұрын

    "With the right management it is likely to become one of the strongest economies" The only problem is there's no right management in India.

  • @Sunil_KumarDas

    @Sunil_KumarDas

    4 жыл бұрын

    rofl

  • @krishnanunnimadathil8142

    @krishnanunnimadathil8142

    3 жыл бұрын

    Rather leave the people free to do what they want. Indians outside India, a full 30 million of them, make on average USD 50,000 per annum per capita. They started from the same starting point as the Indians in India.

  • @gomacc4696

    @gomacc4696

    3 жыл бұрын

    Some Countries won’t let India be the new world Power. CIA does their Job.

  • @jonwick7635

    @jonwick7635

    3 жыл бұрын

    Lol. Similar to Indonesia

  • @EdgyMemer_

    @EdgyMemer_

    3 жыл бұрын

    @@gomacc4696 if I were the CIA, I would focus on China

  • @vaibhavtripathi4951
    @vaibhavtripathi49514 жыл бұрын

    I found out your channel yesterday and binge watch some videos. As being Indian that's the only thing I want to request you and you did it. Really amazing.

  • @EconomicsExplained

    @EconomicsExplained

    4 жыл бұрын

    Thanks mate I am super happy to hear that you are enjoying my little video's. Hopefully you learnt something along the way!

  • @adithyav6559

    @adithyav6559

    4 жыл бұрын

    @@EconomicsExplained enjoyed it so much, it was bang on , did u read "RESET" which is on indian economy??

  • @hardpandya9583

    @hardpandya9583

    4 жыл бұрын

    Yo bro another Indian here 🇮🇳

  • @hardpandya9583

    @hardpandya9583

    4 жыл бұрын

    @@hwfq34fajw9foiffawdiufhuaiwfhw true

  • @snowhole2625
    @snowhole26254 жыл бұрын

    Definitely not by 2020 though.

  • @raosiddharth4726

    @raosiddharth4726

    4 жыл бұрын

    @Chhotu chutiya bro world power doesn't depend on World conditions, it can depend on itself for having higher GDP growth, so that's why not till 2020

  • @gurjindersingh3843

    @gurjindersingh3843

    4 жыл бұрын

    @Chhotu chutiya Our GDP Growth is over 7% every year.

  • @friendlyatheist387

    @friendlyatheist387

    4 жыл бұрын

    @Chhotu chutiya there is a global slow down it will be all fine soon

  • @Azknowledgethirsty

    @Azknowledgethirsty

    4 жыл бұрын

    In 2030 it will tho

  • @alphamikeomega5728

    @alphamikeomega5728

    4 жыл бұрын

    @@gurjindersingh3843 India's GDP is still many times smaller than China's, which is smaller than the US's.

  • @machina188
    @machina1883 жыл бұрын

    Good luck to India, love from the US. Stay productive, and be healthy.

  • @graemewatson2296
    @graemewatson22962 жыл бұрын

    Thank you - excellent. India has given the world hope. It has lots of people, a very long history and strong spiritual tradition. It is the obvious counter to the ravening Communist Chinese beast set to devour anything good, and strongly supported with USA money and advanced military and surveillance tech. Let's all support India! ( I miss Indian food in Taiwan.)

  • @overlordborn6131

    @overlordborn6131

    2 жыл бұрын

    Well then invite more indians to your country, we are ready to take all of your job for half of the payment. We are population of 1.3 billions 😂

  • @wybo2
    @wybo24 жыл бұрын

    9:40 "nowadays they can just buy their machinery from established nations" Those exact machines you showed there where build by "Depoortere", a small (50 emploies) Belgian company that makes machinery for working on Flax. I was in their workshop earlier today to set up/modify a machine that automatically makes components for their machines. In fact, if the shown machine is less than a year old, then it will have components that where made by a machine that I helped develop. Therefore, I, Wybo2, claim credit for industrilizing India!

  • @abhigyanrastogi1662

    @abhigyanrastogi1662

    4 жыл бұрын

    thanks man ;)

  • @nghiaduongtuan3411

    @nghiaduongtuan3411

    4 жыл бұрын

    awesome dude!! your name should be in the history book XD

  • @DirkusTurkess

    @DirkusTurkess

    4 жыл бұрын

    So you're to blame! :P

  • @shamikghosh7197

    @shamikghosh7197

    4 жыл бұрын

    Haha. .thanks 😃

  • @SandeepSinghMango

    @SandeepSinghMango

    4 жыл бұрын

    @ HAhaha what a nice website

  • @sierrahhofzon3878
    @sierrahhofzon38784 жыл бұрын

    Corrections: 1. In India, the Prime Minister is the real head of State while President is the nominal head. 2. Two centuries under British Rule.

  • @vishalverma4659

    @vishalverma4659

    4 жыл бұрын

    East india company came to India in 1600s and started colonisng India in 1765 so yes they ruled over India for around 200 years

  • @chin2gooner851

    @chin2gooner851

    4 жыл бұрын

    How is it 2 centuries? Robert Clive won battle of Plassey in 1757 but won over Bengal only, which was just one of the kingdoms in India. It took many decades to conquer some other major kingdoms like Mysore in 1799, Maratha in 1818, Sikh Empire 1849 etc., With better accuracy we can say that it took British nearly a century to conquer the majority of India and then ruled for another century.

  • @dhrooff

    @dhrooff

    4 жыл бұрын

    President is the head of state and the PM is the head of government.

  • @MrJpc1234

    @MrJpc1234

    4 жыл бұрын

    getting head of state and head of government mixed up

  • @Loj84

    @Loj84

    4 жыл бұрын

    1. Nominal head and head of state are effectively the same thing. The PM would be the head of government, not the head of state. 2. The first century was under the East India Company, not direct British rule. There was only one century of actual British rule.

  • @sloporay3274
    @sloporay32743 жыл бұрын

    Before the stat of first quarter came out: let’s blame UK, after: let’s blame China Important: Never our fault

  • @divyanshchalgotra2681

    @divyanshchalgotra2681

    3 жыл бұрын

    FACT

  • @borhain1n972

    @borhain1n972

    3 жыл бұрын

    Lol It's never our fault 🤣

  • @SanjeevKumar-wv7xp

    @SanjeevKumar-wv7xp

    3 жыл бұрын

    Lol

  • @cutthroat4274

    @cutthroat4274

    3 жыл бұрын

    as an indian i can agree to this

  • @premrai5121

    @premrai5121

    3 жыл бұрын

    It's all because of Nehru.

  • @TPerm-hj4sf
    @TPerm-hj4sf4 жыл бұрын

    Everything you said “going for India, over what China has” was there 40 year ago. How come China ended up quadruple Indian economy within 4 decades. There must some other important factors you have not considered.

  • @SuperTechno2012

    @SuperTechno2012

    4 жыл бұрын

    China started their economic opening up almost 20 years before India and started properly investing in large scale infrastructure and education almost 30 years before. Another reason is that India was that India’s first economic boom was unsustainable even after the initial reforms because of major structural issues that have only started to be ironed out in the last few years or so. It’s likely that India becomes far more competitive in the coming decade.

  • @TheAnkurp09

    @TheAnkurp09

    4 жыл бұрын

    They did all the economics reforms before joining wto and fta with USA India has only done like 30% of reforms that's why and no fta with China USA or Europe

  • @apoorvbansal6590

    @apoorvbansal6590

    4 жыл бұрын

    their Government is Communist so they can pass laws without opposition and due to great UPA Goverment we were set back long way

  • @TPerm-hj4sf

    @TPerm-hj4sf

    4 жыл бұрын

    Apoorv Bansal Does not Emperor pass law a lot faster? How about you guy make me as your emperor, I will pass fast laws for you!

  • @apoorvbansal6590

    @apoorvbansal6590

    4 жыл бұрын

    @@TPerm-hj4sf if only you were qualified enough

  • @AZ-jh3lt
    @AZ-jh3lt4 жыл бұрын

    India now just have to play their cards right and everything will work out for them. edit: could you please do the economics of Arab countries.

  • @indianetizen

    @indianetizen

    4 жыл бұрын

    Only if holy cow didn't shit on those cards

  • @gauravkumarjain1537

    @gauravkumarjain1537

    4 жыл бұрын

    @@indianetizen i have seen you commenting many times on this video Maybe u are ... A jealous neighbour

  • @indianetizen

    @indianetizen

    4 жыл бұрын

    @@gauravkumarjain1537 Abhey kya neighborhood motherhood karrehai, seedha bolna ki mei pakisthani hu, an anti national !! *Lynching karvade mera bhi* I wil tel u who I am and what I do/did, - an ex nri Kerlaite who dumped a decent job and did a start-up in India with the only fortune I have had earned all this life time = BIG BIG *BIG MISTAKE !!* I have now loans to pay not much business to do and too much unsolicited free time that I squander arround YT, you bloody fucking asshole. And I wonder which neighbour exactly are jealous of us now , INRupee is the worst performing currency in Asia now and lost even further in Global competitive index Passport index Gender Gap index Hungr index Press freedom index Health care index Environment index and not to mention The fastest growing economy index. Now Lemme also have the privilege to judge you also, as a Typical Modi sucker bhakth. - Learn something other than your manuvaad and sick racist political science.

  • @akShhtrazz

    @akShhtrazz

    4 жыл бұрын

    Yeah which right now, isn't working out sadly

  • @7MeetPatel7

    @7MeetPatel7

    4 жыл бұрын

    @@indianetizenGrass is always greener on the other side. You would've failed in your startup here too. The indexes you are talking about cannot change overnight and are parting power gift of Congress. But they have been heading into positive direction since 2014.

  • @ashainp
    @ashainp4 жыл бұрын

    *watches video* *Googles "How to invest in India" *

  • @orubenlopes

    @orubenlopes

    4 жыл бұрын

    yes lol

  • @universeofopulence

    @universeofopulence

    4 жыл бұрын

    Google :- starts with appointing an Indian born as CEO...

  • @ashainp

    @ashainp

    4 жыл бұрын

    @@universeofopulence Didn't realise that!

  • @tomraines6554

    @tomraines6554

    4 жыл бұрын

    @@ashainp unfortunately, he's less than fantastic. I really wish Google didn't pick Sundar Pichari (may have misspelled that sorry), he's really not leading in a way that makes me confidant to invest in Google rn

  • @av1479

    @av1479

    3 жыл бұрын

    @@ashainp if you are not immediate neighbour of India. You can invest in India in anyway.

  • @vdiitd
    @vdiitd4 жыл бұрын

    5:31 onwards. Wow, that's something most people now a days don't know in India. The party (Congress) that was in government at the time, still showcases "opening up the economy in 1991" as a proactive step in building India's future. This is eye opening for many Indians.

  • @rishabhjain7543
    @rishabhjain75433 жыл бұрын

    We will always be "next superpower" and never "the superpower".

  • @robbenvanpersie1562

    @robbenvanpersie1562

    3 жыл бұрын

    Lol true

  • @anujkaria138

    @anujkaria138

    2 жыл бұрын

    We will be 'the superpower' until 2050

  • @justarandomperson0059

    @justarandomperson0059

    2 жыл бұрын

    TrUsT tHE pRoCEss

  • @anujkaria138

    @anujkaria138

    2 жыл бұрын

    @@justarandomperson0059 yes

  • @namanbiswajit9756

    @namanbiswajit9756

    2 жыл бұрын

    No dude we will be we were once looted by britshers leave that for now time to gain that status again

  • @AlMoxtar
    @AlMoxtar4 жыл бұрын

    PARTS of India might be seeing big economic development. Above all, India's inability to invest in infrastructure to link its internal markets let alone to integrate them with the rest of the world is its big self inflicted handicap. Even geopolitically, India could have easily knit SE Asia and parts of the Middle East and East Africa into its own economy and thus countering Chinese encirclement if only it had the infrastructure to project itself. I don't see it happening anytime soon.

  • @MrAnonymousRandom

    @MrAnonymousRandom

    4 жыл бұрын

    When it's cheaper to ship Chinese goods to India than to transport Indian goods within India, you have a problem.

  • @livethefuture2492

    @livethefuture2492

    4 жыл бұрын

    we need a strong authoritarian govt. that actually makes long term policies for growth and development of the economy.

  • @AlMoxtar

    @AlMoxtar

    4 жыл бұрын

    ​@@livethefuture2492 Here is a little known secret: strong authoritarian govts are only pleasant for those on the top.. until they aren't.

  • @livethefuture2492

    @livethefuture2492

    4 жыл бұрын

    @@AlMoxtar what about a country like Singapore? its authoritarian, and has seen massive economic growth from its colonial days

  • @AlMoxtar

    @AlMoxtar

    4 жыл бұрын

    ​@@livethefuture2492 You think Singapore is authoritarian?

  • @Twistedman2000
    @Twistedman20004 жыл бұрын

    how the hell does this guy not have more subscribers

  • @idirhhrin8876

    @idirhhrin8876

    4 жыл бұрын

    Twistt cuz he’s not sponsored by skillshare

  • @TheSense13

    @TheSense13

    4 жыл бұрын

    Maybe most people don't care about these things?

  • @vasu6494

    @vasu6494

    4 жыл бұрын

    Well He's touched India now. Expect his counts to boom

  • @jatinbandhiwal1987

    @jatinbandhiwal1987

    4 жыл бұрын

    He is new. He doesn't even have that many videos yet. For such a new channel he is doing very great.

  • @EconomicsExplained

    @EconomicsExplained

    4 жыл бұрын

    Hi mate thanks for the vote of confidence, I am not too concerned about all of that I am just overjoyed that so many people actually do want to watch my little video's and discuss economics with me. (My freinds were getting a bit tired of discussing deflationary pressures and trade agreements with me )

  • @wdfaseer5898
    @wdfaseer58982 жыл бұрын

    The real hinder for India to be Next Economic Superpower is Indian doesn't crazy about money as American or Chinese. Indian enjoys life spiritually.

  • @debranjandas1425

    @debranjandas1425

    2 жыл бұрын

    Pure bullshit. People are greedy and corrupt.

  • @harshpherwani6590

    @harshpherwani6590

    2 жыл бұрын

    Ehhhh no. Most people are moving away from religious spirituality and towards a career focused life. Everyone’s just trying to survive.

  • @pranavkondapalli9306

    @pranavkondapalli9306

    2 жыл бұрын

    Thats a complete and utter lie. You're not gonna be able to feed yourself by trying to meditate 24/7. You're not gonna be able to put a shelter over your head and your family's' if you don't work. Thats the same case with the US and China. Economic Growth is the quintessensial indicator for HDI and General Happiness. People are greedy and corrupt because they need to feed their own stomachs. And as often is the case, corruption exists because government officials are paid little to nothing here.

  • @karlk7070

    @karlk7070

    2 жыл бұрын

    @@pranavkondapalli9306 Not really for the US... They get shelters + food for free xD which is the key. Talents are stolen to fuel Silicon Valleys.

  • @kavinsaravanan7988
    @kavinsaravanan79883 жыл бұрын

    *India will be the next economic superpower* Coronavirus: I'm boutta end your whole career

  • @santu1996

    @santu1996

    3 жыл бұрын

    *Never let crisis go to waste*

  • @panzerkampfwagenvitigeraus344

    @panzerkampfwagenvitigeraus344

    3 жыл бұрын

    *Immunity Shield Infinite Time Activated*

  • @papastalin1543

    @papastalin1543

    3 жыл бұрын

    @Karl Marx than why you oppose farmer bills ?

  • @bahadireneser2924

    @bahadireneser2924

    3 жыл бұрын

    You mean china? ;)

  • @itsnachikethahere

    @itsnachikethahere

    3 жыл бұрын

    @@papastalin1543 I don't know much about the farmer laws, but the way our govt has suppressed the farmers protests and how they overreacted to some silly tweets by Western celebrities shows a huge obstacle between us becoming a developed nation. And that huge obstacle is authoritarianism. We are way too submissive and do not protest for our freedom and rights. We are currently moving backwards and dividing ourselves on the lines of religion. Society is so much more toxic than it was even 5 years ago.

  • @rogofos
    @rogofos4 жыл бұрын

    2:44 Me: watches video about economy of India Putin:"I still watching you"

  • @sanjeevkmaurya-d2653

    @sanjeevkmaurya-d2653

    4 жыл бұрын

    👌🏻🥂 And we owe it all to President Putin 🇷🇺

  • @amannotnamedsteve9363
    @amannotnamedsteve93634 жыл бұрын

    A few video ideas I'd like to see your take on!! - Microfinancing - Current affairs (Brexit, USvChina trade war) - MMT - Behavioural Economics

  • @orubenlopes

    @orubenlopes

    4 жыл бұрын

    - Why Nassim Taleb thinks behavioural economics is bs

  • @kkx7790
    @kkx77903 жыл бұрын

    hmm who should I blame today for my slow economic growth? 1) Britain 2) Pakistan 3) China

  • @chittaranjanpal9468

    @chittaranjanpal9468

    3 жыл бұрын

    Our own corrupt system and even more corrupt political leaders

  • @omsonar3078

    @omsonar3078

    3 жыл бұрын

    Nice sarcasm

  • @omsonar3078

    @omsonar3078

    3 жыл бұрын

    @Good Boy I wasn't replying to you

  • @omsonar3078

    @omsonar3078

    3 жыл бұрын

    @Good Boy 😂

  • @theolich4384

    @theolich4384

    3 жыл бұрын

    Pretty much the same anywhere, it's human nature. No one would ever admit one's own fault unless it's TRULY broken...like China in 1978, right after the ruinous Culture Revolution and some 150 years of constant war and chaos. Deng Xiaoping at the time showed the world a great example of humbleness, and with that, gained enough leverage for some DEEP reforms. And even with that, China is now having hard time resisting the urge to revert back to its ancient, arrogant self. I'm saying these as a Chinese, sadly.

  • @TheSuperior100
    @TheSuperior1003 жыл бұрын

    11 months after this video: -23.9% GDP growth India just lost its only chance to become a superpower, unfortunately now it's going to be left with a young and large population with high unemployment.

  • @xilunjiang2558

    @xilunjiang2558

    3 жыл бұрын

    it never had a chance...

  • @flippodynamics3635

    @flippodynamics3635

    3 жыл бұрын

    Its temporary

  • @pranaym3859

    @pranaym3859

    3 жыл бұрын

    @LittleEsnie They're switching to ASEAN countries not India Yeah, we have cheap labour but also have problems like infrastructure, logistics, taxes, bureaucracy

  • @adee6467

    @adee6467

    3 жыл бұрын

    @@pranaym3859 well no India has got huge investment from Apple, Samsung, PepsiCo , Microsoft in last few months. We got 22 billion in FDI within 3 months. That is more than yearly FDI of any ASEAN nation except Singapore www.financialexpress.com/economy/india-attracts-22-billion-fdi-during-covid-19-amitabh-kant/2049308/

  • @Mr.Mister420

    @Mr.Mister420

    3 жыл бұрын

    Its temporary lol America has negative 33 %

  • @JohnSmith-oo9mr
    @JohnSmith-oo9mr4 жыл бұрын

    ‘Line graphs’, great stock footage

  • @siddhantasinghsomvansheey
    @siddhantasinghsomvansheey4 жыл бұрын

    Really exceptional job. Most youtubers just focus on current aspects of economy without giving the people proper historical perspective, such as why license raj was there in first place. You ended with very optimistic note which again tells you are not here just to mock some eastern nation but to do a insightful analysis.

  • @noelzacharias1937
    @noelzacharias19373 жыл бұрын

    11:24 it's not different dialects. They are all different languages. just like how French is different from German, or Portuguese from Spanish. India has more than 22 official languages. The states are mostly territorially divided on the basis of the languages spoken by the population.

  • @sagittario5543

    @sagittario5543

    2 жыл бұрын

    Lol Indian languages are more diverse than the entirety of Europe.

  • @palak8742

    @palak8742

    2 жыл бұрын

    The government recognises only 22 of them as languages though. Therefore the rest of them are referred to as dialects.

  • @noelzacharias1937

    @noelzacharias1937

    2 жыл бұрын

    @@palak8742 please don't speak nonsense of you don't know anything. Just google " ABSTRACT OF SPEAKERS' STRENGTH OF LANGUAGES AND MOTHER TONGUES - 2011" and you will find government recognises 121 languages. The number 22 you are referring to is official languages for government communication.

  • @palak8742

    @palak8742

    2 жыл бұрын

    @@noelzacharias1937 I see. I had no idea. Thank you for informing me about it.

  • @arthas640

    @arthas640

    Жыл бұрын

    @@sagittario5543 That's because when Europe modernized during the 15th-19th centuries things became more interconnected and more centralized. Countries established 1 or 2 official languages and the rest rapidly became forgotten. In Germany for example the Germanic languages were so diverse that people in Northern Germany could barely be understood by people in Southern Germany even if they both spoke German and there were tons of minority languages that werent understood by German speakers but now they speak a single form of German and even many of the dialects that existed 100 years ago are disappearing or dead. Just Great Britain used to have around a dozen native languages 100 years or so ago. India today is a modernizing state but it's only recently started to modernize and isnt even fully industrialized yet, much of the rural parts of the country arent much different then they were in the middle ages so the country is similar to how the UK was in the early modern period, like the 16th or 17th century. They'll likely lose many of their languages as time goes on since it's too inefficient to have tons of languages and dialects in a modern state and we'll see growth in a few major languages like Hindi, Urdu, Bangali, and English while many of the minority languages die out.

  • @narotamgkp
    @narotamgkp3 жыл бұрын

    Though India is the fastest growing major economy in the world but nothing seems to be changing. Everything is pretty much the same. Growing economy should not be confused with a developing economy. Though our economy is growing fast but India is not developing at the same pace basically its pathetic Infrastructure which is on par with the African nations. Edit- I am an Indian and I am not against India. I have only written the truth. Though many people will disagree.

  • @adee6467

    @adee6467

    3 жыл бұрын

    Any infrastructure projects require 4-5 years to complete. And until you are a site manager/civil engineer, this is not something you will witness first hand. You will just see when it is completed. Download skyscraper city app if you want to see the development going around the nation. It is a kind of discussion forum😋

  • @adee6467

    @adee6467

    3 жыл бұрын

    Personal life changes by you own achievement, not by the status of country. India is so vast and so populated, that any seeming change is very less likely to be noticed.

  • @narotamgkp

    @narotamgkp

    3 жыл бұрын

    @@adee6467 But in no way was I talking about personal life of people because most of the people including me are satisfied and contended. I was just talking about India's development such as infrastructure. I hope you get my point.

  • @narotamgkp

    @narotamgkp

    3 жыл бұрын

    @@adee6467 Leave 4-5 years, we have already given them more than 70 years for the development of the country. But, unfortunately, still nothings seems to be changing. I am just writing what I am seeing.

  • @narotamgkp

    @narotamgkp

    3 жыл бұрын

    @@adee6467 BTW, are you out of your mind. Skyscrapers don't reflect how developed a country is. Did you get it? "A developed country is not a place where the poor have cars. It's where the rich travel by public transport" - Gustavo Petro Similarly, according to me, a developed country is not a place where there are a lots of skyscrapers. It's where there are no slums. I hope you got your answer. If not, then I am pretty sure you know what type of person you are.

  • @dijamentcollaku9235
    @dijamentcollaku92354 жыл бұрын

    Could you analyse the economy of the European Union as whole. That would be very interesting

  • @dhvanitdesai5359

    @dhvanitdesai5359

    4 жыл бұрын

    And depressing

  • @adnanafulay3142
    @adnanafulay31424 жыл бұрын

    India is not becoming a superpower, it's just going back to what it used to be, good luck India, overcome all the challenges ahead. Much love from Morocco.

  • @shubhamntpc543

    @shubhamntpc543

    4 жыл бұрын

    India massive transformation started after 2014 from poverty to space program ,India proved that world it will become super power soon Always remember one thing India is growing every year in every field... Development is a continuous process no one knew better than Indian s

  • @PenduLover02

    @PenduLover02

    4 жыл бұрын

    @@shubhamntpc543 *1991

  • @justarandomperson0059
    @justarandomperson00592 жыл бұрын

    India could be a economic superpower if only it had ministers who actually understood economics

  • @artishukla9598

    @artishukla9598

    2 жыл бұрын

    Yogi

  • @allahlesboslu2_9
    @allahlesboslu2_93 жыл бұрын

    I always feel proud of our nation , with the glorious past and future full of opportunities

  • @itzlion6529

    @itzlion6529

    3 жыл бұрын

    i wish India will become stronk but the government is literal bs it kinda saddens me :'(

  • @SUNOMAJEDAARGAANE

    @SUNOMAJEDAARGAANE

    10 ай бұрын

    Glorious past?

  • @MegaBroductions
    @MegaBroductions4 жыл бұрын

    Love the videos and content, each one is also produced slightly better than the previous, fantastic. good luck with the channel I'll be here for the ride

  • @MrPeanubutter
    @MrPeanubutter4 жыл бұрын

    Fellow Indians, be nice now

  • @randomnobody8770

    @randomnobody8770

    4 жыл бұрын

    American here. Spent about a year backpacking around India by motorcycle. Manali, Leh, Srinigar, PUNJAB, Sikkim, Assam Nagaland, Kolkata, Puri, Chennai, Goa, Kerela, Mumbai, you name it. Many thanks to all the wonderful people of India. Thanks to the BRO for keeping me safe, Old Monk for keeping me buzzed, and Dhaba food for keeping me full under budget, Cafe Coffee Day for keeping me awake and informed with their hilarious news paper. I miss India all the time, and wish the country and its people all the best. Much love to India. Thank you for your kindness.

  • @MrPeanubutter

    @MrPeanubutter

    4 жыл бұрын

    @@randomnobody8770 wow you have traveled more in India than MOST Indians. That's incredible! And it's so heartwarming to hear that you miss the time you had here. Thanks for the kind words.

  • @ashaydwivedi420

    @ashaydwivedi420

    4 жыл бұрын

    @@randomnobody8770 dude you travelled more than me and I'm Indian

  • @ukisbeggar8462

    @ukisbeggar8462

    4 жыл бұрын

    @@randomnobody8770 oh great, so you've travelled to the beautiful places of India.. Many foreigners say that they are hygienic and love cleanliness but they end up filming the slums of India and living near them. They miss out the beautiful side of India

  • @romilmahant2971

    @romilmahant2971

    4 жыл бұрын

    @@ukisbeggar8462 slum is due to overpopulated states, there are beautiful Indian states and there are unhygienic overpopulated states, both are realities of our nation.

  • @r0yce
    @r0yce2 жыл бұрын

    This was actually very well made. As you read stuff in details sometimes you forget to see the whole picture together. And such simple and entertaining video brushes up your understandings.

  • @ashwin2k
    @ashwin2k4 жыл бұрын

    7:03 lol I literally pass through this place every day to get to college

  • @ankur4140

    @ankur4140

    3 жыл бұрын

    Which place is that?

  • @ashwin2k

    @ashwin2k

    3 жыл бұрын

    @@ankur4140 It's near the VR Mall in Chennai

  • @iamaplant3684

    @iamaplant3684

    3 жыл бұрын

    @@ashwin2k vanakkam

  • @starscream1457

    @starscream1457

    2 жыл бұрын

    @@ashwin2k heyy vr mall is biggest mall in surat city.. Its a magnifiscent building... So big mall

  • @harvey4226
    @harvey42264 жыл бұрын

    I always look forward to your uploads, great job with the channel!

  • @fruitspunch
    @fruitspunch4 жыл бұрын

    14:27 Such a cute doggie!!!! Great video, btw

  • @AliShaikh1
    @AliShaikh14 жыл бұрын

    1:30 God damn the Brits were huge!

  • @machina188

    @machina188

    3 жыл бұрын

    Perspective lol

  • @igorsmihailovs52

    @igorsmihailovs52

    3 жыл бұрын

    Shot from British perspective indeed 🙂

  • @varunpatil8914
    @varunpatil89144 жыл бұрын

    Sure India has alot Potential to Grow, but the Current Leaders are so Busy in Religious Wars.

  • @Gamer-uf1kl

    @Gamer-uf1kl

    4 жыл бұрын

    True most muslims and hindus dont want conflicts its the government that does

  • @sagarnarad1579

    @sagarnarad1579

    4 жыл бұрын

    @@Gamer-uf1kl it's not government but opposition who finds religious angle in every decision of government.

  • @randomrandom316

    @randomrandom316

    4 жыл бұрын

    @@Gamer-uf1kl How do you know what most people of any given community want? Are you aware of a mass survey on this topic where participants couldn't possibly have lied? Some large scale mind reading going on that only you are privy to? I can't say definitively what most in my circle think about on this issue, would be very bold to make claims for most people of any group at national level, dare I say it would be dishonest. Also lets not forget that unlike movies real world doesn't work based on what most people think. The course of our lives are decided by the most powerful, perseverant or effective people, not "most" but what the determined minorities want. So even if most people were a certain way that wouldn't change much on ground. Its the vocal minority that needs to be looked and how we as a society would like to respond to them, be they from any group.

  • @shom924

    @shom924

    3 жыл бұрын

    Sagacious vlogs yh the congress is pretty annoying

  • @tluangasailo3663

    @tluangasailo3663

    3 жыл бұрын

    🤣

  • @kebabboi4234
    @kebabboi42344 жыл бұрын

    *sees this video* _looks at the horrible state of algerian economy_ me: time to copy the indian homework

  • @anshuman2089

    @anshuman2089

    4 жыл бұрын

    I wish all the best to you and Algeria.

  • @theAraAra

    @theAraAra

    4 жыл бұрын

    Don't feel too bad, you are still ahead of us in GDP per capita terms :)

  • @k55511e

    @k55511e

    4 жыл бұрын

    @@theAraAra Really thats just because of oil exports that boosts gdp per cap, but the median salary is about 200 $. Thats far below the indian median salary of around 600$.

  • @wigglebot2368

    @wigglebot2368

    3 жыл бұрын

    Algeria is doing better than India

  • @haja3274

    @haja3274

    3 жыл бұрын

    @@wigglebot2368 yes sny oil Economy would do better than most of the world

  • @rred8196
    @rred81964 жыл бұрын

    never been this fast to a video on youtube before lol

  • @EconomicsExplained

    @EconomicsExplained

    4 жыл бұрын

    Welcome early bird :)

  • @utkarshdixit5567

    @utkarshdixit5567

    4 жыл бұрын

    True

  • @nitishkumarjurel241

    @nitishkumarjurel241

    4 жыл бұрын

    Your profile pic is my waifu

  • @Wurfenkopf

    @Wurfenkopf

    4 жыл бұрын

    Let me guess: you're Indian, right man? :D

  • @unimmature2088

    @unimmature2088

    4 жыл бұрын

    @@Wurfenkopf I am also Indian, and I am sorry for these kind of people in our country... They really make our nation look bad

  • @kunjbiharibudania4866
    @kunjbiharibudania48664 жыл бұрын

    Gr8 videos brother well prepared and presented you got a new subscriber

  • @manishjadhav6643
    @manishjadhav66433 жыл бұрын

    Informative approach towards video👏

  • @marc4010
    @marc40104 жыл бұрын

    All the best India !, from Malaysia

  • @Golukumar-ed6ju

    @Golukumar-ed6ju

    4 жыл бұрын

    Thx bro

  • @universeofopulence

    @universeofopulence

    4 жыл бұрын

    .... When automation becomes more prevalent.... that's when luck will be needed more...

  • @Arunxolo

    @Arunxolo

    4 жыл бұрын

    But about President 🥶

  • @arjunsatheesh7609
    @arjunsatheesh76094 жыл бұрын

    Great video. But.. As an Indian, all this sounds nice but I know that the Indian economic boom is slowing down and has basically hit a plateau. There may be future developments that will help things stay where they are (or at least only drop a little bit) but India is not going to be an Economic superpower or any other kind of super power anytime soon. I just sincerely hope that the benefits of the current and future economic good times reach all of the population and help everyone get an education so that they can rise out of poverty without damaging our environment too much. I hope the a similar phase of economic and social prosperity happens in all other developing and under-developed nations that need it. Just to clarify, I include Pakistan and every other country when I say that.

  • @3cc619

    @3cc619

    4 жыл бұрын

    India can become a economic superpower but we'll be very old by the time. Plus inflation and cost of living is quite low that should be the most important thing for us Indians not the numbers

  • @arjunsatheesh7609

    @arjunsatheesh7609

    4 жыл бұрын

    @@3cc619 (Long response) I would love to believe what you are saying but here are a few pointers as to why I said, what I said. Quite a few other countries will cross the Indian GDP growth rate in the coming years and Indian GDP will grow to the 3rd or may be even 2nd best (GDP nominal) but even in another 100 years India will not be an economic superpower because there is no investment in R&D anywhere. India cannot produce quality semi-conductors and has no foot hold in the aviation industry. India still depends o chemical imports and has no indigenous defense equipment manufacturing capability, let alone good quality military vehicles or infantry helicopters. No need to talk about jets and stealth flyers or drones. India is still way behind on ideas super computers, forget quantum computing. India has just barely caught up with the world on telecommunication infrastructure but India lags behind in ever other infrastructure. The gross national debt figures keep rising and Indian banks are the holders of the world largest NPA's. The debt from the current economic growth has not been paid of yet; imagine the additional burden to take on for further growth. I can make a list with at least a few hundred more bullet points and rising unemployment, potential social disturbance due to religious or sectarian issues, ongoing border troubles all these are existing but comparatively minor concerns when contrasted with larger economic problems. Sometimes Indian media tries to paint a picture of hope but as of 2011 50% of the Indian population was 25 or under. In the next 50 years that population will be over 60 and with dropping birth rates, India has 50 years max, to catch up with the world. Put in a different manner, about 1.75 billion people in 2061 will be able to live a middle-class life if a large percentage of the under 25 population of India can find gainful employment and contribute to the society. I for one believe that high expectations are just a positive picture painted to encourage foreign investment. The debt created by the private commercial investment banks around the world will be imported in to India through foreign investment and people will end up working really hard to live an adequate life, that is the best case scenario. I wish I could believe that things would be better but as someone who is familiar with the statistics and the reasons behind them (at least, I consider myself familiar) I cannot believe in an overly positive picture. I do not wish for anything bad but I know that over-hyping the current economic prosperity is just that, over hype.

  • @3cc619

    @3cc619

    4 жыл бұрын

    @@arjunsatheesh7609 nobody can predict future even the biggest economist. So don't give me asemptions. that's why I'm saying all we should care about is cost of living and inflation.

  • @3cc619

    @3cc619

    4 жыл бұрын

    @@arjunsatheesh7609 india's population is not gonna grow till 2061. India population will be start shrinking around 2049 and median age of a country don't increase like 1 year in 1 year. That's silly how you can be so naive.

  • @arjunsatheesh7609

    @arjunsatheesh7609

    4 жыл бұрын

    @@3cc619 I am not assuming anything. I hope I am wrong. I am projecting to the best of my ability based on the data we have on hand. I am not talking about median age. I am talking about a population of 700 million people who are above 60 years in 2061. I suppose it was not clear. Anyway I have no interest in discussing any more statistical details in a youtube comment section. You can hope all you want and for what its worth, I would love it if I was proven wrong. It would be lovely to see India become an economic superpower. I would love to be able to contribute to that. Cost of living and inflation have been going a bit up but keeping an eye on those two figures will only help the 20% of the population that lives above the Global Poverty Line. The rest are still too poor and dependent on the parallel economy to be positively affected by it. There is a lot of catching up to do before thinking about becoming a super power. I am trying to be realistic. I also request you to avoid thinking that I don't know what median ge means. Relax, its good to be cautious sometimes and not get caught up in the media circus.

  • @the_spsharma
    @the_spsharma Жыл бұрын

    India is the very trustable country, and also india was a very richest country in the world before 1700. Whatever India is behind today, it is all because of the Britishians but now the british are behind india. (Jai hind 🇮🇳) Love From Britain 🇬🇧

  • @qyahb3822
    @qyahb38224 жыл бұрын

    Since 90s the talk of india becoming a world economic powerhouse has been on going until now, lol

  • @DARKKNIGHT-ur7uz

    @DARKKNIGHT-ur7uz

    4 жыл бұрын

    Yes, its because people were ruled by Selfish & corrupt politicians Young people dreams were crushed by higher power people I hope we overcome our poverty & other disadvantages, become a economical powerful country Cheers

  • @harshjain3122

    @harshjain3122

    3 жыл бұрын

    @@DARKKNIGHT-ur7uz let's solve problems from the ground up first, shall we?

  • @nine9605

    @nine9605

    3 жыл бұрын

    Says with a bot account.

  • @seeda.6594

    @seeda.6594

    2 жыл бұрын

    It has definitely improved a lot since the 90s

  • @Chironex_Fleckeri
    @Chironex_Fleckeri4 жыл бұрын

    Very nice! This channel strikes me as "what if a 3 million subscriber channel got reset". I love your video topics and production value. Just gonna float ideas: -video game economics, or things economists learned from video games (youve already done some of these) -shortcomings of economics: e.g. actors in an economy acting irrationally. How do economists adjust for this? Are there examples of this that have broad implications (you seem to like macro topics) -Eritrea -Venezuela -Brazil -Vietnam (currently experiencing an industrial boom) -the economics of water -Banana republics/Soft power via economic control -Debt-trap diplomacy -Did you already do Dutch East India company? I think you did -Big Mac Index/PPP -Is Greece recovering? Behavioral economics is really fascinating. One example in case I'm mislabeling what I'm referring to: senior citizens declining senior discounts due to a sort of cognitive dissonance relating to age. What do economists learn from this? Ive only taken up to intermediate micro/macro, so we had economics' equivalent of "massless, frictionless" conditions. How do economists tackle irrational behavior? It might make an interesting topic.

  • @kenfunk2391
    @kenfunk23914 жыл бұрын

    7:25 India hasn't come close to doubling their GDP every five years since 1991. Inflation adjusted the economy was 260 billion dollars in 1991. If they had doubled every five years it would be over 12 trillion dollars by now. It is in fact closer to 3 trillion. Also, they missed the boat on enriching themselves through industrialization. They can't make their citizens rich by giving them jobs manufacturing things as did China. There just aren't that many people needed to produce things with modern manufacturing processes. "Made in India" will not make Indian people rich and give them the purchasing power necessary to modernize as has happened in China. The "demographic dividend" is in fact an anchor.

  • @TheClinchMagazine

    @TheClinchMagazine

    4 жыл бұрын

    Foreign channels aren't showing the real picture of the economy. They are just printing views by capitalising on low self esteem of developing countries people (in this case collapsing economy). India is facing economic disaster. Of course it would look great as the lack of money in the economy isn't an issue here. A few businessmen have all the money but the rest of the country is pennyless. You can't withdraw more than 1650 dollars a month even if you have 1,00,000 dollars in your bank account. Banks are collapsing Automobile sector is facing the worst slowdown Textile industry is in recession Many FMCG companies are slashing employees PSUs like power plants are sold out Aviation companies are broke. Inflation is fucking our asses. These foreign channels are not showing the reality. They are falsely increasing the fake pride of the audience to print views.

  • @skandankumar

    @skandankumar

    4 жыл бұрын

    @@TheClinchMagazine to some extent I agree with you but not everything is against India as you have written. I understand but due to banking crisis, it is being majorly influencing other sectors.

  • @hong3170

    @hong3170

    4 жыл бұрын

    It was China doubling every 5 years. India was about every 8-10 years.

  • @abhisheknanda9956

    @abhisheknanda9956

    4 жыл бұрын

    @@TheClinchMagazine oh really I live in India and why I didn't see the thing u described? 1600$ is very big amount here. As cost of living is very low then where u live in USA.

  • @TheClinchMagazine

    @TheClinchMagazine

    4 жыл бұрын

    @@abhisheknanda9956 Because you are a privileged boy and don't represent the population of India.

  • @amiramaz
    @amiramaz4 жыл бұрын

    Absolutely adore your channel! Keep up the good work

  • @Mr.Nichan
    @Mr.Nichan3 жыл бұрын

    7:27 I notice that curve looks pretty smooth with no kinks either way in the early 90s to support your thesis.

  • @priyanks91
    @priyanks914 жыл бұрын

    Hey EE, thanks for the great video. You covered all majors, and I must say it is very accurate. IMHO, what's going well for India: 1. Massive, thus cheap manpower 2. Over a million engineering english speaking grads every year 3. Capitalist form of economy, thus leading to a favourable climate for startups and innovations. Seriously, the number of successful startups is rocketing high. 4. Solid governance; thus leading to faith in stability. What we need to work on: 1. Improving domestic demand - we rely too much on outsourced business serving no local purposes. 2. Political and communal stability ('nuff said) 3. Internal unity Taking care of these will take care of catapulting us in the major league. Not just for numbers, India needs to achieve economic prosperity to simply pull its millions of out poverty ! Godspeed !

  • @shafinislam9582
    @shafinislam95824 жыл бұрын

    Been waiting forever for this 😍😍

  • @obama8573
    @obama85733 жыл бұрын

    "sUperPoWER bY 2020"

  • @Mj-in5uj

    @Mj-in5uj

    3 жыл бұрын

    @Dikdeep Gupta 2300 actually

  • @Mj-in5uj

    @Mj-in5uj

    3 жыл бұрын

    @Dikdeep Gupta Why would I be jealous when I'm an Indian in the first place?

  • @xXVignettaXx
    @xXVignettaXx3 жыл бұрын

    had to search for like five mins to find a video of yours that i hadnt seen yet. decided i might as well become a patron. love the vids man !

  • @thiagomarcao6969
    @thiagomarcao69694 жыл бұрын

    Solid research and engaging visuals! Congratulations, you have a new subscriber. :)

  • @EconomicsExplained

    @EconomicsExplained

    4 жыл бұрын

    Welcome to the channel mate glad you enjoyed :)

  • @jamesprakashjc
    @jamesprakashjc4 жыл бұрын

    At first I clicked on this video with mixed feelings, because usually these kinda videos are hardly based on research and facts and mostly just flatter my fellow Indians to oblivion brainwashing a lot of them for views. But this video actually seems well researched, even though I'm myself just an average guy and don't have much knowledge about these things. So nice video, keep it up.

  • @AF911vids

    @AF911vids

    4 жыл бұрын

    What did you meant by brainwashing indians

  • @aishwaryapotdar1348

    @aishwaryapotdar1348

    4 жыл бұрын

    @@AF911vids They keep praising India and PMO India for views. While India is surely praiseworthy, this praise is for all the wrong reasons, there is very little critique

  • @magicmagus1459

    @magicmagus1459

    3 жыл бұрын

    @Hamed Rahimi wont happen if current government keeps pushing military clashes and communal violence, creating statues, temples...they dont seem to be interested in ACTUAL development only image...

  • @nine9605

    @nine9605

    3 жыл бұрын

    @@magicmagus1459 so what do you want the government to do? Keep getting attacked on the national borders? Btw temples were constructed by funds not tax payer’s money.

  • @qyahb3822
    @qyahb38224 жыл бұрын

    Korean, japanese, taiwanese, chinese dont speak English, they are doing very well

  • @harry-matakios1344

    @harry-matakios1344

    4 жыл бұрын

    they do speak english , just now as a first languege

  • @JeiBurke

    @JeiBurke

    4 жыл бұрын

    They definitely do. You see English signs all over the place in these nations

  • @basshunterdota625

    @basshunterdota625

    4 жыл бұрын

    They're doing excellent are on par with west

  • @yom_o_o_m7053

    @yom_o_o_m7053

    4 жыл бұрын

    They speak English dude .

  • @ritwikreddy5670

    @ritwikreddy5670

    3 жыл бұрын

    Don't know about the others but koreans speak English lot more than Indians.

  • @aGr3atD4y
    @aGr3atD4y Жыл бұрын

    Excellent video!

  • @background_lurker
    @background_lurker4 жыл бұрын

    Really like your videos! However I do think that you could be leaving us with more open-ended conclusions in our minds, given that things such as the Indian economy are so inexplicably complex. While I agree that India has the potential to become an economic super power very very soon, there's a lot of contingent factors that could throw the prospects out of the window (what makes things worse is that in some cases these factors aren't even necessarily economic, but merely bureaucratic, political or even ideological). It's important that you break down concepts and ideas as clearly and simply as you do so that your audience understands them, but I think it's equally important that we also take away how uncertain global economics inadvertently is and what some of the factors for this uncertainty are. This being said, I'm excited for future videos! Cheers

  • @MrHmm-cv6gs
    @MrHmm-cv6gs4 жыл бұрын

    Fun fact: The east India company which ruled India, has been purchased by Indian 😁

  • @EconomicsExplained

    @EconomicsExplained

    4 жыл бұрын

    The circle of life

  • @andychauhan6544

    @andychauhan6544

    4 жыл бұрын

    Karma...

  • @thedeveloper4207

    @thedeveloper4207

    4 жыл бұрын

    So???..... You think the money came back?....

  • @MrHmm-cv6gs

    @MrHmm-cv6gs

    4 жыл бұрын

    @@thedeveloper4207 no😁

  • @MrHmm-cv6gs

    @MrHmm-cv6gs

    4 жыл бұрын

    @@universeofopulence कोई गुजरात के व्यापारी है, 120 crore में ली है

  • @ManjeetSingh-xh8gj
    @ManjeetSingh-xh8gj2 жыл бұрын

    Really liked your approach. Nicely done. Thank you

  • @spyler1565
    @spyler15652 жыл бұрын

    the footage u choose were really amazing!

  • @dronsharma3646
    @dronsharma36464 жыл бұрын

    All this manpower is still a waste when you can't provide employment. This topic of employment should be covered which sadly is being ignored by our government.

  • @anirudhkumar4507

    @anirudhkumar4507

    4 жыл бұрын

    If you have good marks, you will get employment. If you have knowledge but bad marks nobody will even consider you worthy. I find it extremely disrespectful when I see idiots who have used chits & cheated their way to get good marks, getting preference over people like me who think outside the box, use logic & know how to apply bookish knowledge into practical application. I find it insult to knowledge & to being smart. #knowledgeisnotvalued #indianemployersaredumb

  • @ashutosh4555

    @ashutosh4555

    4 жыл бұрын

    ​@@anirudhkumar4507 welcome to incredible INDIA

  • @mahakshshetty

    @mahakshshetty

    4 жыл бұрын

    Marks is not important It's the knowledge I was an average student but I have good knowledge so I easily got a job

  • @universeofopulence

    @universeofopulence

    4 жыл бұрын

    ....only AI /automation(complete) will decide that neither is important..

  • @harshjain3122

    @harshjain3122

    4 жыл бұрын

    its more about the overall education system than the govt. After all, a century old education sys can only take u so far

  • @ssnaut1871
    @ssnaut18714 жыл бұрын

    I don't have figure of since 90s but from 2004 to 2018 India lifted around 300 million out of poverty for now 40 people per minute same went from Lmc to MC. But now growth went to 5% in this quarter that's dangerous not bad but definitely not good it need to go back to 7% like it did in 2014 from 4% to 7%.

  • @redradcomrade

    @redradcomrade

    4 жыл бұрын

    True. But he missed this point because he wanted to attract indian audiences by giving them false hopes and a proud dose of nationalism.

  • @MrTmacyan
    @MrTmacyan3 жыл бұрын

    I found this analysis of Indian economy is rather shallow. Many key aspects are left behind such as man power, infrastructure, education etc.

  • @dm2060

    @dm2060

    3 жыл бұрын

    TBF this channel doesn't do that for any country, so if you only watch the videos from EE you can get a pretty fair comparison of economies on certain factors.

  • @tritium1998

    @tritium1998

    3 жыл бұрын

    But muh demografiks.

  • @starscream1457

    @starscream1457

    2 жыл бұрын

    That all is currently happening rapidly... I dont saw it coz nobody covers it outside india... In india everyday 40 kms of highways are built which is highest in world until now... India also has a guiness book record for highest road construction everuday... Its even faster than china

  • @shubhangvatsa5375

    @shubhangvatsa5375

    2 жыл бұрын

    @@starscream1457 that's highways bro what we need is expressways (though we actually have a awesome record in last few years but nothing comparable to china )

  • @kuldeeprana1908

    @kuldeeprana1908

    2 жыл бұрын

    @@shubhangvatsa5375 highway construction in india faster than china so yeah its comparable to china ..and india is also building 10,000 km of expressways

  • @narotamgkp
    @narotamgkp3 жыл бұрын

    I dream of India becoming a developed nation. I doubt if my dream would be fulfilled ever.

  • @jonathan2350
    @jonathan23504 жыл бұрын

    Hey, I I really enjoy your videos. I'm sure your channel will explode in followers soon. You already do quality videos and I just wanted to thank you

  • @EconomicsExplained

    @EconomicsExplained

    4 жыл бұрын

    Thanks mate glad you enjoyed :)

  • @silverhawk7324
    @silverhawk73244 жыл бұрын

    When you finally start building factories, banks and hospitals in Civilization....

  • @indubitablyso7874

    @indubitablyso7874

    4 жыл бұрын

    Ryaken but you still haven’t invested in aqueducts and walls

  • @dangernp

    @dangernp

    2 жыл бұрын

    & provoke Gandhi.

  • @cembal5024
    @cembal5024 Жыл бұрын

    I went to India quite often and finding people who could help me out was very hard.