Why India Will Become $55 Trillion Economy By 2047 | Krishnamurthy Subramanian
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Publicado 2024-06-18
*This video was recorded on June 17, 2024
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0:00 - Intro
1:30 - Modi’s election
6:00 - “Make In India”
13:15 - Improving standard of living
17:55 - Growth forecast
29:40 - Brain drain
34:36 - Gender imbalance
39:00 - Economic composition
42:25 - Indian rupee
#india #economy #modi
Todos los comentarios (21)
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I wish India and its people every success. 🙏🏻
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Success to India and its people. Another member of the "global majority" fulfilling its potential and abilities.
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Indian ppl will have the last laugh on all those naysayers 😂 As an investor in India, i can tell many multi millionaires will be made in coming yrs 🤘😁 The demography dividend n the educated workforce will be in high demand going forward so never bet against a rising sun 😎🙏
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Finally!! Thank you Lin for having a prominent economist from the global South especially from India 🙏
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Thanks all for your comments. To those who have not understood my $55 tn prediction for India in 2047, in the video, I explain from 19:00 to 25:05 the economics behind the same. Remember that for prediction in US$, what we need is the GDP growth in $, which equals nominal GDP growth in ₹ - depreciation of ₹ vs $. Those who are commenting that the growth to $55 tn is not possible, make sure that you are not confusing nominal GDP growth with real GDP growth. While India's real growth has been 7%+ since 1991 on average, nominal growth has often been in double digits. But $ growth has been lower bcos depreciation of ₹ vs $ has been 3-3.5% p.a. bcos inflation had been >7%. But post 2016, as I explain, this has changed. From 19:00 to 25:05, I've explained first E&Y's prediction of $26 tn and then described why their prediction misses important developments in India's macro-economy.
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This guy is nuts... When the dollar goes kaput in 10 years time not just India but 20 other countries will have larger GDP than america.😂
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A good comedy is need for this show.
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Real growth of 7% he said, whatever he is smoking must be good.
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Gotta give credit to Krishnas Wife. She must be a great listener with great endurance. Krishna spoke literally for 40 minutes straight.
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They said that 25 years ago too.
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Spoken as a diaspora Indian
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I mean GDP is meaningless unless India wants to fight a war or something when it will have 4 times the population
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As an Indian American, I say it's possible but I'm not sure about the infrastructure growing sufficiently with so many people. And the culture of littering has to stop for the country to be taken seriously. For people not used to it, it's not pleasant.
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This guy is really into himself.
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India will implode due to the inequality of distribution of wealth, racial politics, caste system which is still very much alive, corruption and too many differing views among the political parties...good luck India!
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"Lots of questions there!" Haha David asks 10 questions at once
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So his numbers are only marginally more optimistic than Goldman Sachs. So when I see the stupid and mean comments below I want to ask is Goldman Sachs nuts too?
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India: I will be top GDP country. CIA: No you wont : )
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Theoretically, India could grow significantly due to readily available energy in Russia and now Saudi Arabia. If India grows while the USA simultaneously shrinks (and it will) then India could in theory pass the USA up
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Biggest BS!