"Indian Economy Doing Incredibly Well" says World Economic Forum Chief | Vantage with Palki Sharma
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- čas přidán 23. 04. 2024
- "Indian Economy Doing Incredibly Well" says World Economic Forum President | Vantage with Palki Sharma
The world is living with two major wars, multiple conflicts, deepening divisions and global economic gloom and doom. Amid all of this India is the fastest-growing economy on track to become third largest economy in the world by the end of this decade. How did the country achieve this? Why is it able to buck the global trend of slowdowns? Is it policy decisions or larger geopolitical forces? Meanwhile, global agencies like the IMF and the World Bank have raised concerns over rising levels of debt - especially in the developing world. Will unsustainable debt deals pose a risk to the global economy? Catch Palki Sharma in an exclusive conversation with the President of the World Economic Forum Borge Brende.
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India | Borge Brende | World Economic Forum | Palki Sharma | Indian Economy | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#india #børgebrende #worldeconomicforum #palkisharma #indianeconomy #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories - making Vantage a destination for thought-provoking ideas.
Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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Catch WEF president Borge Brende in an exclusive conversation with Firstpost.
Watch here: czcams.com/video/TcS-8Q8V0fw/video.html
India will be third largest economy by 2026 or 27.
Please note that WEF is a private group. Do not equate WEF with WHO. They don't have any nobel intentions like "Prosperity for all".
Please avoid them a plague.
Why are we constantly seeking approval from goras ?
Better question to ask is what do they want after this praise of India.
Why 60% Indians still OPEN DEFECATE? Why Hungerindex111 ? Why 40% of Youth indians are UNEMPLOYED??😂😂😂😂😂😂😂😂😂😂😂😂😂
Congratulations India!! Love from Canada 🇨🇦❤
Ive been hearing these claims since 2002
@@sabrinakhan8217 i am also hearing the claim that islam is peacefull relegion from the very moment i start understanding
@@sabrinakhan8217Then you ask why question our loyalty 😂😂😂😂
@@sabrinakhan8217 and see we are the fifth largest economy
@@sabrinakhan8217: here comes the beggars😅
Congratulations India 🇮🇳. ~ From Philippines 🇵🇭.
Good luck Philippine
Philippines and India are great friends !! czcams.com/video/st3bajZgebo/video.html&pp=ygUaaW5kaWFuIHdlYXBvbnMgcGhpbGlwcGluZXM%3D
India stands with Philippines against Chinese agression 👍👍👍👍
@@Naman.mishra300 No. And I had used my real name in my previous account as well.
Also best, wishes; for: the Philippines **and, all of: Asia!!!!** ;) ;) :) :)
Congratulations India. your brother from the Philippines we love you ❤❤❤
Thanks 😊
🇮🇳♥️🇵🇭
India must avoid WEF like a plague. India does not need foreign certifications. These third party acknowledgements come with strings and India must be extremely aware and conscious of dealing with such entities.
It’s more about recognition than formal accreditation. We’re on a trajectory to consolidate our capabilities, positioning ourselves to establish entities that will assess international activities. In due course, we will ascend to the status of a global superpower. 😊
Yes, totally agree WEF is a private group. Do not equate WEF with WHO. They don't have nobel intentions like "Prosperity for all".
Please avoid them a plague.
Why are we constantly seeking approval from goras ?
Better question to ask is what do they want after this praise of India.
*WE MUST KEEP UP THIS ECONOMIC GROWTH*
BUILD GOOD PUBLIC TOILETS AT FIRST
@@user-qz7un9ch9f First you raise money to buy good quality FLOUR.
German shepherd will not talk about this 😂😂
Dhruv🐕🦺bho bho bho bho modi bho bho bho
Lol ad hominem attack. This how we know that Dhruv has gone way waaay under your skin.😂😂
Meanwhile an estimated half a billion Indians don't have toilets, the pollution is pathetic....
@@incognitogamer1262 🤣🤣
Don’t give publicity to paid souls
Palki you are doing great job... Proud of you
Congratulations 🎊🎉🎈India 🇮🇳 Indian Peoples .
I am quite confident that we will achieve this milestone by 2028. 😊❤🇮🇳
Former colonies have similar challenges like India compared to China. Thus, India gives hope to countries of the Global South!
German Shepherd: He is Andhbhakt
Maturity when you realised that German Shepherd is red light area paidaaish 🤡
Ek aur jahil spotted, abe kya ek particular state ko defame karte ho @NavyaSagittarius
@NavyaSagittariuswho
Good for India and the world. Greetings from 🇺🇸
Thank you
Even he said India eradicated 400 million people out of poverty and some Indians objected to same statement by JP Morgan CEO 2 days ago.
Absolutely false
Congress supporters will be like : he’s a paid actor 😅
Whoever is in power Indian GDP will become the world's 3rd largest economy.
@@aryanrajaatheist496Congress promised that by 2050 India will become the 3rd largest economy while on other hand BJP promised by 2028 India will become 3rd largest economy and that matters alot
@@aryanrajaatheist496 everyone knows we will. The difference is who is faster n will make it a reality before my hair turns white
Go India 🇮🇳 Go 🔥🔥
@NavyaSagittarius
Take some salt for better results.
Here 🧂
@NavyaSagittarius
Not from Bihar, you slt
I think You are brainwashed😂@NavyaSagittarius
Why 60% Indians still OPEN DEFECATE? Why Hungerindex111 ? Why 40% of Youth indians are UNEMPLOYED??😂😂😂😂😂😂😂😂😂😂😂😂😂
This is what you call an amazing India, all they need to do is make a statement saying will be a superpower soon no matter how many years and the government officials, reporters and ordinary citizens will all pad themselves in the back saying well done and go home to wait for the time to come.
India should have been the largest economy by now if it opens its market. Instead, India has closed its market for decades.
😂😂😂 1.5 Billion people r market in ourself. World needs us, we don't need the world to survive. Corona proved it to the world 😂.
We will kick out stupid NESTLE, LAYS and coke Pepsi out 😂😂😂 by competition
Jai hind !! Thanks for NAMO for major transformations
😂
Congrats on your oxfordunion speech .glad you were there
Congratulations all of us..
There is no stopping India now, all big companies know this so they are investing in India
Big Companies: Makes ChatGPT, Microchips, Midjourney, Hi-Tech softwares.
India: Makes Ram Mandir.
Indians: There is no stopping India now and big companies knows this.
😂😂
Ask congress how they destroyed Indian chips 😂@@user-je7pc2mp5e
@@user-je7pc2mp5e hahaha nice joke for a Wednesday, hopefully your jealousy calms down
@@AeonMusicRecord I am super jealous of Ram Mandir. I wish we could have done this breakthrough advancement in technology before India. But we failed.
@@user-je7pc2mp5eWhy not both? I mean, West also builds Church and Companies at the same time.
The word "Democracy" is used very well at right point of the conversation. WEF President said the pace at which India eradicating poverty was seen earlier in China and the next word from Madam is Democracy.
2030? wrong 2026
India will be 3rd even in 2030 until 2060 trying to catch up with us by then
@@KKR-bf8kuif we can get the spot in FY27 then it will beat us in 2050s
When situation is dire, only thing to do is dream of fantastic future
I had severe power cuts 10 days in this month for at least 6 hours mostly at night. I am from Navi mumbai by the way and it's 2024 in the midst of sweltering heatwaves.
India's economy is doing well, but india's youths are not doing well. The unemployment rate of india has gone to an all time high.
What is the point of making rich people richer?
All time high? From where did you get that number?
Infact India unemployment rate is very less as compared to other countries
Do you think every youth in India needs to get a government job?
@@mummy5490 According to data provided by the World Bank for the year 2022, Pakistan’s unemployment rate stood at 5.6 per cent, while India’s at 4.8 per cent. but 4.8% of 1.4billion is bigger when compared to 5.6%
@@5nbc564 in your words, India economic growth is 8% , while Pakistan growth is 0.5%
It mean India have grown more than 40% as our population is 5 times that of pakistan?
@@madhureddyindian9715 i don't think so. The unemployment rate counts all types of jobs, not just government jobs.
German Shepherd: He is a Sanghi.
This issue has been discussed in great depth by various economists. The biggest problem is the ecosystem aspect for each or all Industries in India plus the need for India to continue to grow at 8% and above for at least the next decade.
Although India must be running the main strategy like China: low labor salary + large labor force, but it seem will takes +10 years for India to catch up with China from the ecosystem aspect, so that any investor is interested in investing in India, will invest in India because the supporting industry is already available.
In addition, it is possible for India's economic strength to catch up with China faster, if 2 main things happen: 1. China's economy continues to experience slowing growth in the next 10 years while India's economy continues to accelerate, 2. industries with high added value do not continue to emerge in China, such as the aircraft industry, electric cars, magnetic trains (maglev), artificial intelligence-based products, robotics, semi-conductors 5nm/above, entertainment, weapons / military, etc.
This is also what makes the USA still able to compete with China, which is supported by added value from high-profit industries.
Absolute rubbish, you just said the exact opposite....
India will catch up with current china by 2075 given china stagnates from now on.
Electric, train, nm do not continue to emerge from china? Then where is it coming from? Gujurat? 😂😂😂
You are on fantasy land and have no idea about china manufacturing capacity. Do one things and go and see it in china for yourself then you will understand it. As someone who is working with chinese for 6 years, I have witnessed it very well. India is not going to catch up if it continues to do beef politics and stuff 😂😂😂
@@izajahmed8863 I used to go to China, not just to go to the Great Wall, but to their industrial centers, starting from Guangzhou, going down to Shenzhen, sliding into Shanghai, going down right to Heilongjiang, continuing up left to Beijing, all the way to the Mongolian border. Continue left all the way to Uighur. Then back towards Guangzhou.
I have also said, the biggest problem is in the ecosystem, and in China's ability to produce goods that are in the high value-added category. I gave an example of how the USA, which no longer produces many of the goods that China now produces, can still compete with China because the USA produces goods with high added value. Selling 1 Boeing, is much higher than the turnover of dozens of shoe factories in Ningbo in 1 year.
India now produces many European and USA cars, has also begun to produce heavy equipment, not to mention its generic pharmaceutical industry which has now ranked first in the world. So it's really a matter of which scenario will happen, depending on China, not India.
Why? Because demographically with the largest population in the world today, India just needs to imitate a better version when China starts industrialization. In the past, no one believed that China would become the center of world economic growth.
India, I think has that opportunity faster than many skeptic scenario, after China's population continues to decline, so the advantages in the aspect of labor wages have been reduced for China, and now only in the aspect of the ecosystem, where just 1 week we are at SEG Mall in Shenzhen, we have brought home our own brand cellphones with the specifications we want, with a low MOQ.
It is like you always spend too much, so who cares you have high or low gdp. You are teeethering on bankruptcy like pakistan. Japan and russia are saving India. Japan through loans, so no IMF death trap. Ryssia cheap oil, so no need to go begging like sri lanka.
When situation is dire, only thing to do is dream of fantastic future
@@biggpicture2930 Even if there will be a slight recession, etc. then it is not a sign of the collapse of the Indian economy, but a normal way of the market correcting prices in India. The way the market corrects the behavior of the rulers in India (e.g. for borrowing too much), etc. Similar things happen in other countries, including China. Eventually, once prices have been corrected to a fair price according to the market mechanism, then market conditions will eventually return to normal.
Why? Because that's how the market works. Why? Because the citizens of India, China and any other country, will eventually keep spending (consumption), and consumption anywhere in the world represents about 50% of GDP.
India consistently focuses on the future rather than the present. While the IMF and World Bank predict China will surpass the U.S. by 2028, they don't seem to be obsess over this projection the way India does. When contrasting India's outlook with China's, India's stance seems to be "Wait until 2047." However, when that year arrives, India will push the timeline further, saying, "Wait until 2095." The question then arises: what will be the next postponement when 2095 arrives?
Uhh India obsessing over the future is a good thing as it helps us plan for the long term. If you wanna focus on the present here is a fact
India does more digital payments than China, USA and Europe combined.
Does someone pay you for this sheety job?
I am sorry you are so hurt. Ask Xi for a new toy.
@@kantharajahs9671Xi.
Sorry CCP bot, thanks for your concern. We don't give a F!
We are having political and business issues as well.
Palki it’s shows your trying really hard to put it out there. We know your a good person just be true to your heart and weigh the pros and cons well, is it worth it?
We know that you have many great models as do we but I believe we should share better for highest good. 😊
How?
Fed up lisrening to rhis report from last 5 yrs
🙏🙏🙏❤️❤️❤️
India must be 1st according to population but still far far behind china n wats ta point of GDP when per capita income is very very low.there is no way India to reach second economy we have religion issue due to modi government.our country need overall development n peace.
Hope India better life quality of its ctizens. A better railway. And clean cities.
good
But India passport rank is 82nd and recognized as third world country .
Cuz of people illegally migrating countries see it as a issue.. economy is not the issue here as Dubai has the strongest passport and it's economy is not bigger than India
Because we have people like you who can only defame their own country for hate towards modi😂😂😂
Bcos we just go and settle there mainly Mullas 😂😂😂.
You just want to say something nagative even in non related videos, dont you? So pathetic.
That's because of peace full people
JaiHind jaiBharat,
Poverty paradox still a reality.
Rahul Gandhi aya to 11th bhi nahi rahoge 😂
Kyun tere Maa baap 11th Padhai nahi Kiye hain kya , ya sidhe bjp ke Era mein aaye hain bolke Esa tu bol rha hai. Seems like you yourself haven't qualified 11th 😂
Kya aap amir ho, Aap aur hamare jise log aisahi rahnge but Adani aur Ambani jise log aur amir banthe jayenge. Thoda tho padha likha hotho economy kya hotha hi patha chaltha Andh bhaktho ko
@@Baki_usakah bhi kon Raha hai ek Madrasachhap 😂😂😂
@@unknowngamer2576 abdhnamazi naraz ho gaya
@@Baki_usa seems like you don't know, we dropped from top 10 in 1947 to out of top ten in 10 years
The Myth of Indian Economic Rise | Jayant Bhandari Cuts Through the Numbers! Full Podcast
czcams.com/video/G6oRWtSEruA/video.html
He be like: OK you are also giving answer in the question
India needs to invest in Skill Development and reduce Electricity tariffs for Manufacturing to prosper
But what about gdp per capita.if we are so rich does average indian life style is better than europe or any other country.And what about 80 crore people receiving ration
It’s doing very well. But not the same can be said for the Rupee. In terms of dollars the economy is doing very poorly. It’s even worse when you minus the inflation. But this is true not only of India, but the entire globe.
What about per capita income ?
If we add our Informal economy and Care economy with formal economy,we might be 3rd economy.
If war and tribalism and hindustan goes on inside, forget about economy
CCP bot at it again.
Even if its become no.1 no use for us in middle class. Rich is richer poor is more poor.
If only the kind of headlines could be applied to public health and education that are accessible for ordinary Indians.
it's not any good impact on life of poor people
It only for rich to become richer.. 😂😂
Only GDP is not parameter. It should be inclusive, sustaniable and holistic. Only service sector is growing . Majority of people are in Agriculture sector. Human development index matters.
It is unlikely he has ever been there, but the Fijian golfer, Vijay Singh, would no doubt approve of the sign which used to hang in the clubhouse of a fabled golf course in Scotland. "Lady members," the sign read, "shall give way to gentlemen members at all times, except after 4pm between October and April."
जीडीपी ग्रोथ अच्छी बात है, पर सच क्या है जिससे आम आदमी को फर्क पड़ता है?
1) जीडीपी प्रति व्यक्ति मे 195 देशों में भारत 136 स्थान पर है
2) 11 प्रतिशत लोग गरीबी रेखा के नीचे हैं। 125 देशों में 111 नंबर पर भारत है।
3) अगर टॉपर से कंपेयर करें, तो 1947 में 1 अमेरिकन डॉलर 3 रुपए तीस पैसे का था, आज 82 रुपए का है।
हां जनसंख्या बढ़ाने में भारत अव्वल है 😂
भारत को इसलिए भाव मिल रहा है कि दुनिया जानती है इतनी पॉपुलेशन की वजह से खपत ज़्यादा है, मतलब दूसरे देशों को उनका समान बेचने के लिए भारत बहुत बड़ी मार्केट है।
Very well said dude. Even the unemployment rate is also high even among the educated (educated unemployment).
10 saal me jaha se jaha tk pahuncha hai vo bhi badi baat hai har baat ko leke rote rhne se kuch ni hota mehnat krni ni hai job chahiye...aur baki countries se compare krte raho rote rho...yhi kr sakte ho tum log
Do talk about per capita also
Bhai alag country se bhi compare kar le , akele dhruv ke hi chatega kya
Analogy of this kind of growth
1000 members in a family pool money together to buy a Mercedes (india’s gdp)
Vs.
20 members in a family pool money together
To buy a Suzuki car (other nations gdp)
Then why still people from Gujarat migrating to Canada?
After 2014 and now in 2024 we are worlds 3rd largest arm.exporter. Modi jee did this.
There will be many more to come India will be in top 3 in many aspects.
We need a stable govt with vision ahead
india should've already become 3rd largest economy by 2020, but it's not...
INDIA IS STILL A SLEEPING GIANT !!!
3rd largest economy by GDP? So what, it has 1.4 billion people. The true measure of how well a country is doing is per Capita income. India is at the bottom.
GDP per Capita😞
So we accept their assessments when it's something positive, but when it comes to press freedom or poverty, we say their methods are flawed and there is a conspiracy. Nice.
I feel that we should work together for peace, knowing that Mr. Musk had agreed to cutting negative energy towards Leader. ❤
That is obviously your right and there was not a break of any rule that I am aware of.
There are plenty of observers who would suggest many of the women who have achieved big things in sport have been obliged to work far harder than any comparable man. Radcliffe is a case in point. Her attention to detail in the way she goes about training, her diet and her mental conditioning have set standards men are having quickly to copy. And Sorenstam is the same - a golfer whose approach is matched by very few of the players on the men's tour.
Size matters but I'm afraid the income and wealth gap in India will continue. Unless I'm wrong, I don't see signs of this changing any time soon.
To a game mired in the murk of an autumnal evening, whose attitude to women has long made Fred Flintstone look the apogee of the new man, Vijay Singh has added a new chapter of gracelessness. Discovering that the Swedish golfer Annika Sorenstam had been invited to compete in a men's tournament in Fort Worth, Texas, this week
India will be ❤❤❤ they he potential n hard work behind it ❤❤❤
what about per capita income ? only a few have larger wealth of a nation.
"Prejudice against female riders is still out there," says John Forbes, Krone's former trainer. "I don't think it will ever go away. The notion that a rider has to be very strong and powerful so he can control a 1,000lb animal and hit it really hard with a whip is something that has been ingrained. The resistance we had was unbelievable."
The confidence: I just spoke with president of world economic forum 🔥🔥. I envy u mam
"We talk amongst ourselves about it," Simpson-Daniel says of the money crisis. "I think it's important we do. Our coaches are very open about it. There's no pretending that it's not happening; they don't walk in the dressing room saying: 'Don't worry lads, happy days are here, bonuses all round.' We know there are problems here big time.
But still be last in person capita income.
With the world largest population,India economy should be the largest also. What is lacking is world class education from cradle to grave for all citizens.Rapid infrastructure development and healthcare will help. certification of all trades and standards, regulation for all domains of public life will help to change the image of India.
We r already Number 1, only lacking is book keeping, which never happens bcos of our sheer size 😂. Who cares about Stupid rankings
In truth, it is in competitions that do not involve much in the way of brute strength that women are really closing the gap. In the sports that value determination, stamina and endurance above muscle, they stand almost on an equal footing. It is a revealing fact of swimming, for instance, that while over a thrash of say 50 metres there really is no contest, across the 22 miles of the English channel, women can cover the great divide just as quickly as men.
I am sorry factories in India are struggling we are purchasing 2000 chores of garments from Bangladesh all shoe business is going to Vietnam, sometimes really wrong with IMF
The problem is #1, #2 is many times bigger than India even if it is #3
What does the WEF President think of job decline as a parameter even?
What about per Capita income???
A by product of the process.
India will be third largest economy by 2025 with GDP expected to surpass $4.5 Trillion. Germany is expected to contract again this Financial year.
Too slow. We need more tax. Tax and tax everywhere
You pay taxes?
Just asking most people don't
Like USA they tax everything and everyone ☝️
Tax when you guys do street defecation, so then you can become a superpower.🤣
Tax if not using toilets properly. Then India will become super rich.😂
@@yestomor7673you should stop popping in comment section 💩💩💩
In 2024, Guyana is expected to be the world's fastest-growing economy, with a projected GDP growth rate of approximately 26.6%. This impressive growth is largely fueled by the country's burgeoning oil sector, which has transformed its economic landscape since significant oil reserves were discovered offshore.
@@abhinavkumar4715 She didn’t say major.
Only if it starts respecting it's minorities
It is just because of population. Nobody agree that india is better than japan,germany
GDP per capita increase only Matters
6:30
According to opposition WEF chief is an andh bhakt of Modi ji.
Before reaching 2030 most of the middle class citizens & poor would be no more if we look at the fact of general commodities, gas prices, fuel have sky reaching, bank charges are exorbitant, third largest economy isn't going to annihilate unemployment, poverty etc., what are you Palki babbling by pointing out this imf & wef?
What is it that has made these men so alarmed by Sorenstam's arrival in their midst? Were they simply worried about an assumed devaluing of their competition? Were they anxious that history was under threat? Surely it can't be that they see women getting increasingly close to their performance and are keen to retain barriers to prevent a sudden surge of competition from the distaff side?
My comments are straight forward, without fear or favour .
China - I support fair n just policies.
Criminal , aggression ,theft activties , corrupt oractice etc I expose !
India - Many things wrong in India ,I will expose !
Economy
America -50 years- 26 trillion
China - 50 yeaes -18 trillion ( figure need to be verified due to secrecy )
India -50 years .
4 trillion
Any one with Common sense knows that the Indian system is problematic , chaotic etc
Leadership , political system , Governing system , Overpopulation.
Rampant corruption ,Caste system , racism , religious issues , bureacratic etc , ,
So India must take quick action .on the above
# INDIA IS ALREADY NO.1 😇👍
Dhruv - 🗣️ papaaaaa papaaaaa 😭😭😭
Please note that WEF is a private group. Do not equate WEF with WHO. They don't have nobel mission like "Prosperity for all".
Please avoid them a plague.
Why are we constantly seeking approval from goras ?
Better question to ask is what do they want after this praise of India.
Palki just had to squeeze in there that India is a democracy when China was briefly mentioned, as if that somehow makes India superior
Simply I Love you ❤💐🌹
My Dear, to be proud of Indian, Eradicate Poverty. There are children begging in the streets, many homeless and destitutes.( Not just children adults)
India needs to create more Employment, training programs and skills and up skills courses.
Children who leave 10th, +1 & +2 should be encouraged to take up skills training/ Apprenticeship.
Government should support and subsidise such programs.
Not only the companies grow, inflation would also come down.
Youths should be encouraged to join cadets crops. Police, Army, Navy, Air Force and Security Forces.
Advertise and Encourage Youths.
There are opportunities in the Transportation industries (Avation, Train, Bus, boats and ships)
Employment would come down, God Willing.
My understanding, any objections welcome
My Dear you are doing a great job, God speed with your Health and in the journey of your work.
God Bless 🙏❤️
This guest were saying India economy is going to rise from USD 3.7 T in 2024 to USA 10.0 T by 2030 ( end of current decade ) ???
He probably did not know the scale of India current economy and India GDP figure and just came here Blah, Blah...........
Nothing to get overhyped. India will still have high brain drain, low per capita income, increasing income inequality, negative effects of climate change, corruption, issues related to cesspit democracy etc.
Please also tell when per capita income will increase of Indian people, why is so low ? Why it is not increasing? Why we are behind from china even Bangladesh why ??? Oh sorry why u would do that because people will aware and know the reality of India that show still India is so poor .80 croors Indian are not able to get their food. It is provided by government. This thing is not to be proud , it’s show government didn’t do anything to make life better of these people.
it has double since 2014😊
@@VinodBandari-ps5yd😂
India Per capita GDP ranking: 125