Economic Sutra by Sanjeev Sanyal (Episode 12) - Journey of Indian Economy (Part-01) | 07 Aug, 2022
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- India is celebrating 75 years of Independence. This is First part of Special series of two parts that focuses on the journey of INDIAN ECONOMY from 1947 to 1991.
ANCHOR : SANJEEV SANYAL, Member, PM's Economic Advisory Council
PRODUCER: DEEKSHA KOHLI
RESEARCH: BALBIR GULATI, AAKANKSHA ARORA, SHRISHTI& NISHA
CAMERA: DWIJENDRA PANDEY
GFX: VINEET BHATIA
VIDEO EDITING ( SFX) : PRASHANT SINGH
Courtesy- Maruti Suzuki, Nirma, Bajaj, Amul, HMT
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Sansad TV Hindi medium walo ke liye bhi aisi videos laye kyuki hamlog bhi is tarah ki information Janna chahte h chah ke bhi nhi samjh pate 😥
Agree 👍
Bhai Mai v Hindi medium ka student hu…but Theda smy dekr English Sikh Gaya hu…. Tm v sikh lo…advanced knowledge English me hi mileage …
Bhai industrial policy or planning ka chapter sa complete hojeyga
Bilkul
Yes
The journey of the Indian economy was not as smooth as we wanted after independence. After independence, we were like a small child who does not know how to walk, as same as a condition of our economy. Meanwhile, we had made several changes like the nationalization of airlines, banks and industries which we were hoping to get some sort of boost, but that reform did not give that much we wanted after we had in back to back droughts, which were forced us to import food grains from the US. Our economy was trapped in the spiral of back-to-back crisis in terms of shortage of food, finance, and the spike of oil prices across the globe than after we were in the war, so all of these hurdles which were pushing our Indian economy downward. With the subsequent problems that were forced us to liberalize our economy in 1991. The reform in 1991 was Notably, drives our economy faster that we want than after we never look back after the 1991 reform.
The British did leave a über elite Anglicised group and an excellent infrastructure that was the envy of Asia. We could have applied the Apartheid system or Chinese System of discriminated growth, but instead we de-industrialised and then nationalised giving us the clusterfuck we have today. The Worst of all economic and political systems.
This government has revolutionized our state owned channels.
Wonderful productive and informative contents with good visualisation and music 👍
0ne of the Best episode .
*For those who wants it in Hindi* :-
Itna English sabko aana chahiye...
India is 1.4 billion peoples where most of the population is from non-hindi background.
43.63% of the total population are Hindi speakers.......if dissemination of fruitful knowledge is the purpose then adequate measures should be taken by video promoters to address content not only in Hindi but in various other vernacular languages ........I know it would make sansad tv production team's task a bit more arduous .....but the bare minimum we expect from Sansad tv is to provide subtitles in Hindi and other regional level.
and yes I agree with you that it English sabko aani chahiye ......it should be the desired goal for our country and society rather than being a limitation or requirement for earning knowledge.
कुल जनसंख्या का 43.63% हिंदी भाषी हैं ....... यदि उपयोगी ज्ञान का प्रसार करना उद्देश्य है तो वीडियो प्रमोटरों द्वारा न केवल हिंदी में बल्कि विभिन्न अन्य स्थानीय भाषाओं में सामग्री को संबोधित करने के लिए पर्याप्त उपाय किए जाने चाहिए .... ....मुझे पता है कि यह संसद टीवी प्रोडक्शन टीम के काम को थोड़ा और कठिन बना देगा ....लेकिन संसद टीवी से हम न्यूनतम अपेक्षा हिंदी और अन्य क्षेत्रीय स्तर पर उपशीर्षक प्रदान करना है।
और हाँ मैं आपसे सहमत हूँ कि यह अंग्रेजी सबको आनी चाहिए ...... यह ज्ञान अर्जित करने के लिए एक सीमा या आवश्यकता होने के बजाय हमारे देश और समाज के लिए वांछित लक्ष्य होना चाहिए।
All good things happen in indian economy after Mr. Sanyal was appointed as Economic advisor. He advised the goverment how we , the educated student can be jobless , how price of essential goods hike and inflation be rocket high. Thank U Mr. Economist
Bro/Sis if you are "educated" and "jobless" how you are watching this video and relaxing? Inflation is managed by RBI and is in 2 to 6 % range
If you are jobless then definitely you are not educated….any person who is educated and skilled will be hired . And you are here watching a CZcams video instead of searching for a job. 😂
The adds in between is pure nostalgia for 90s kids....
It's embarrassing to see people Still supporting government of that time even with benefits of hindsight and all the data and results before our eyes to see. Sad to see we learn nothing from past, Classic Stockholm syndrome or society actually gets the leader it really deserves.
It's too nostalgic and emotional video.. those who don't just live but feel the country india will go through plethora of emotional rollercoaster. What a video.
Such a informative series. Sanjeev sanyal always great. This brought back some of the memories of 1980s.🙏😍
this programme is very helpful for every students
Thank you❤
I really like this type of programs conducted by Dansad TV
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It is always an enriching experience to learn from Sanjeev Sanyal Sir...eagerly waiting for the second part.
👍
Excellent-Presentation. Full-power to Sanjeev-Sanyal. Jai-Hind Jai-Bheem Jai-Bhaarat.
Thanku sir economics Sutra lane ke liye
I would have been more praiseworthy if a neutral perspective of earlier economic policy would have given. Post facto criticism is fine but why a particular decision was taken needs to be clearly said.
Can you please elaborate any single point with example so we have better understanding of your POV?
@@varunkhugshal9049 Socialist mode of economic planning has to be seen with reference to the prevailing poverty, food crisis & war torn country of that time. So if Nehru focussed on planning, nationalisation etc we should keep in mind prevailing conditions of those times
@@madhurshakya4929 and how does socialism solved poverty? By distributing poverty equally?
We have this experiment running for 4 decades results are evident, that it was utter failure resulting in us begging IMF and unknown thousands starving to death and poverty ,huge talent drain, destruction of entrepreneurial spirit and still people can't see beyond political affiliations.
@@varunkhugshal9049 that you are saying after its failure. That's my point. During our independence there was cold war happening, and both socialism and capitalism were fighting. Did anyone knew who will win? That's my only point, we can very comfortably do post-facto analysis but deciding things at that point was not that easy which you think. Also, after failure it was better to switch to different economic models which we sadly did very late. By looking at things through political lens we comfortably make Nehru a spoiler. Rather than political lens we should analyse the economic policies keeping in mind the situations & prevailing ideologies of that time so that students and scholars get a neutral understanding which will help develop better policies
@@madhurshakya4929 actually yes Alot of sane people could see through it, like Dr. Ambedkar who unlike nehru was a real economist, c raja gopal chari, infact there was a party for pro market Swatantrya party which won fair amount of seats in 1972 as well. Cold war was happening for china, Malaysia, S. Korea , japan, ASEAN countries... But we were the loosers among all, imagine how many people died than of poverty, hunger when even Today people die of poverty without clothing, health and education, how much of talent was killed in the bud, the mal nutrition by product of that time still creates a multi generational losss that will take 50 more years if goverment start working on it today. So much could have happened, changed but it didn't bcs we as a society could not produce leaders worthy of leading us.
Our only consolence is in the fact that our leaders were better than British for most part.
really enjoyed your book "life over two beers"
Thanks for English video it's helpful for non hindi people... It reaches pan India
Thank you Sansad TV team
Awesome........mesmerized
Impressive, eagerly waiting for the second episodes
Amazing😍
I first time see you in Indira Gandhi Stadium on 5th June save Soil movement with Sadhguru.
I am so happy to see you again here 😊
Ithihash se hume parichit krane k liy dhanywaad ❤️
please provide in Hindi language also.
Although I favour free markets and liberal economy, but Sanjeevji could've done a better job in presenting a proper picture of Indian economy and not merely criticizing the socialist economy
Specifically what would you change?
@@HsenagNarawseramap the needs of the era were food, shelter, hence privatisation was not a clear option.. then, private entities themselves were weak, had less capital etc so state had to set up psus etc..
socialist economy gave us IITs/NITs, AIIMS, IIMs,
so these could've been told better..
today's need is opening up cautiously, but definitely. Market and liberalisation are the way forward..
@@zangoz_2693 I don’t agree with you.
Government gets taxes from private sector: They don’t get it out of thin air.
So how is it that government has capital but not private sector? It can only happen through socialism when government monopolies resources.
I myself went to NIT and make $400000 a year. India benefits very little from sponsoring my education, I can tell you that. I won’t be surprised if most people from IITs and other national institutes left India.
People who go to national institutions are the “future high income” individuals. So government subsidizing their education is a transfer of welfare from the poor to the future high income individuals. They should just banks deal with loans.
I can understand people not trusting globalization because of colonization, but they could have kept free markets internal but shut out from the global economy.
But my wisdom is in hind sight. I can forgive them for making mistakes in 1950. What I can’t accept is someone defending those mistakes in 2022.
Exactly, post facto criticism is easy but biased analysis of earlier policies will meet political agenda but degrade intellectualism and neutral analysis.
@@zangoz_2693 in the same time 1947-1990 world economy grew 12 times while indian grew 4 times, we were comparitively again left behind, we again missed the second bus of industrialisation while china caught it and became what it is today, goverment created one AIIMS for 40 cr people for people of delhi, politician needs some hospital to go to. These are just over exaggeration and had little to no impact for common people on ground.
All PSUs government created or privatised turned to dust. Rather than creating resources goverment found it easy to just loot resources that someone else has created.
While world grew 12 times we are celebrating that we were able to buy new seeds and provide the logistical support to send it to farmers. Great that's all we deserved.
It's not post facto criticism , there was plenty criticism from the start be it Raj Gopala chari or Dr. Ambedkar and many others who had some sanity and some sense of how economics really work etc.
Amazing part
🤗
Is trh k program Hindi me hone chahiye
Bcoz 60-70% educated log bhi English nhi smjh pate
India h ye
wonderful.. very elegant and crisp info.. thank you.. ❤️ waiting for next episode eagerly
sanyal sir is a big personality. i hope changed indian finance system according 3rd largest economy in 2030
Sir pls ye program hindi bhi laya jaye 🙏🏻
Very informative session , thanku sansad tv!!!
This episode of Economic sutra is fascinating as episode make an effort to give us glimpse of economics journey of India @75 since 1947 to 2022 .
Thank You Sir Hope You will bring a Book on India @75
Jai Hind Jai Bharat❤️ 🇮🇳♥️
Upsc aspirants helpful channel
The episode seems to be too pessimistic in orientation. Yes there were issues with the Nehruvian brand of socialism but still many phenomenal things happened between 1947-1991. We achieved food sufficiency. The emphasis on scientific temperament led to establishment of IITs, AIIMS, BARC, ISRO etc. Apart from that the Green Revolution, the White Revolution and the laying of seeds of IT revolution by Rajiv Gandhi are worth mentioning.
Yea, after independence the economy is better than being literally colonized. Big achievement indeed..
Till 1991 indian economy grew 4 fold , compare it to world economy that grew 12 fold, Nehru created one AIIMS that too in country of 40cr people, it's governments job to create good education to it's citizens. All decent countries have education institutions. We aquired food suffiency when rest of the Asian markets were jumping leaps and bound. IT Revolution in india was again twenty years late, and first computer infact was used by Mahanobolis in 1955, one reason of IT Revolution was low regulations on it ,it being the new field and it escaping goverment babu's license Raj.
The curse of low expectations still pervades Indian mentality, citizens thinking That's all they deserve. Perhaps we are still driven by low self-esteem as a nation.
Typical JNU brainwashed answer, that Nehru-Gandhi family had scientific temperament. What a load of crap. After 17 years of Nehru rule and when Lal Bahadur Shastri Came, he had to appeal for every Indian to skip one meal weekly. That is so much for food security and just go back and see how many AIIMS and IITs got built in Kongi time.
This is a good initiative by sansad tv...
Bureaucracy has become more powerful under Modi than it ever was in my memory.
Superb series
Great insight for youngsters sir . looking forward for the next episode !
Politically motivated (focused on negatives only)
sir, forget to discuss china war and pakistan which hit the economy of india drastically, only socialism is not mere reason
war actually help economies, ironically.
Almighty God will definitely set the things in ORDER now.
Thank you Sansad TV ❤️🙏🇮🇳
Very well explained......Thanks and Gratitude
Great show great 👏👏👏👏👏information....
Highly recommend for BHAKTS...
What an amazing initiative by Sansad Tv.I had never imagined the economy could understand in this easy way.Thank you Sansad Tv.Please continue one..
There are many kinds of industrialization. One industrialization focuses on improving the existing production method. Another type of industrialization focuses on integrating the country to Global value chains by setting up Export hubs to produce for the world. Policy makers focussed on the first type but countries like Korea focussed on the later kind with special emphasis on secondary innovation.
great sir
Very knowledgeable thanks sir
Keep it up team sansad tv
Thank u sir this may be help full of my economic op
Great video! Very informative
Wow🇮🇳🇮🇳🇮🇳🇮🇳🚩🇮🇳🚩🇮🇳
Plz Hindi me bhi lao
Excellent sir please do many more videos
👌🏻👌🏻
Sansad tv jii Hindi me laiye isko
Doordarshan title now seems like a hypnotic mind control device.
Very interesting and informative program. However more information on growth strategies , budget exercises , comparative economic strategies of other Nations etc could have made it more interesting.. Nationalisation of Tata Airlines and cryptic exchange between JRD and Indira is missed and so are many such instances possibly…looking forward to the next part .. thanks
Good explanation ...
I came in hope for learning about economic developments of post independence india, all i see ads which I can't show to the examiners.
Its very very informative for upsc aspirants....thanks alott sansad tv...keep bringing more and more informative programes
u r right
Don't write the info given in thie video in UPSC lol. You will not get marks 😂
@@Hamasvard_University why so?
@@KushiJain18 Because what Sanyal says here is mostly right wing and pro capitalism, whereas UPSC syllabus and the people who check the paper have a solid marxist bend
Laga ki time travel kar liya baithe baithe
Commendable job👏
Please Hindi me bhi series laiye
Enjoyed so much the old advertisement videos
when is your next book is coming sir
When next epsisode come
Sir hindi me bhi bnaye
कृपया इस वीडियो को हिन्दी में भी उपलब्ध कराया जाए
Please start economy programs in Hindi
Excellent analysis of Sansad tv !
Thank you so much for collecting all those rarely advisements and broadcasting it to make it easier understanding the economy situation of India!
Being a millennial learnt a lot about Economy at before millennial era and how the Maruti Suzuki and Bajaj were considered to be a part of Royalty at that time!
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LKili l
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Sir which tome (with pencil as bookmark)you have on table ?
❤️❤️❤️❤️
Aapko bhi thanks
Hindi me kab ayega asi information
Itna English sabko aana chahiye...
India is 1.4 billion peoples where most of the population is from non-hindi background....
Your Government too seems to be moving towards licence permit Raj, by centralising all the powers.
2nd episode
Kya ese hindi me bhi suru kr skte h
Itna English sabko aana chahiye...
India is 1.4 billion peoples where most of the population is from non-hindi background.
Sir , at the time of independence India is good enough to accept open and free economy ? Watching this feeling like Sansad tv not putting both side of coin but only propagating propaganda by showing only downside…. Disappointing .
Sir also give little account of people's socio-economic conditions.
Criticism is ok but, bu****t isn't 🤦♂️
JAI HIND 🇮🇳🇮🇳🇮🇳🇮🇳
Was that Apple Inc advertising in India in 1984? @32:00
कृपया हिंदी में भी।
Please sir
Isnt it very critical of the approach adopted by the earlier governments. Please try to be more appreciative of the conditions in which these leaders were working.
Like what conditions? Same leaders like Dr. Ambedkar an actual economist or Raj Gopala chari were very clear what needs to be done, when world economy grew 12 times in same period, we only grew 4 times, we were again made to miss another bus to industrialisation where as other Asian countries grew from nothing to Super rich countries in the same time. It's all about the vision and ability to execute it, if we can't even now introspect our failures, we are encouraging goverments to do the same over again, shallow socialism wins elections after all.
The PM Nehruji vision
The orator is hopeless when he says about 1991 in fact government has delicense the four wheeler industry in 1994 the orator will be removed soon if he doesn't rectify his statement bcs. modi doesn't accept wrong statements
This man must be made finance minister Like Jaishankar he should get lateral entry
Hindi me hota to aur acha lagta
Hindi me v program dijiye sir
Itna English sabko aana chahiye...
India is 1.4 billion peoples where most of the population is from non-hindi background.
Not a fruitful discussion only one side view is visualised. I was not expected from sansad tv to dictate the things in this way. It is really not helpful for UPSC aspirants because o can't say that socialism was not successful completely because some good initiatives had been taken according to resources and time but they are missing in this discussion. Politically motivated
Should have been more balanced, Socialism was need of the hour in 1947 seeing poverty and all, those bashing nehru by seeing 1 hr video should know their forefathers would have died of hunger and no doubt capitalism is need of now, but what to expect from govt yt channel
propaganda faila raha hai ye ki history bata rha hai
Quite informative however it was an epitome of a biased presentation.
Campa COla.
Bhaii this is not the BJP's channel it's about India you only showing bad about Congress this is not the way bro... We know some of bad things had happened but does not mean you'll talk everything bad about them because you belong to BJP.... Be rational
Why r defensive not giving gdp rate rs depreciation health and education statistics r u having brief from congress or tmc definitely not for bjp see how ruchirshama and Pranab Roy inspite of anti bjp come up with excellent analysis u need to re work your presentation
India is the fastest growing major economy right now (& will be in the next 3 years as per IMF). INR has performed well against the USD compared to most world currencies (Look at the Dollar Index).
Ruchir Sharma on NDTV was pretty optimistic about India's economy (See at NDTV's twitter thread regarding the same).
What is your point? Can't hear things not conforming to your pre-conceived notions?
Why this ‘India at 75’ is coming again and again. It’s so disruptive and irritating. Please remove it or at least minimize it.
In simple words
It is a story of failure.
India was a dirt poor country in 1947 and is the same dirt poor in 2022.
India's share in global trade was 1.5% and is the same today.
India's share in global exports was 2% and is the same today.
India's per capita is one of the lowest in whole world
India was made to miss the third industrialisation bus, so other grew from nothing we didn't, things are much better after 1991.. much much better, if you think both are same, you can't imagine the hopelessness before 1991
@@varunkhugshal9049 India was made to miss first industrial revolution. But it was an independent India only ruled by indians which missed second, third and right now is missing fourth industrial revolution as well. Kab tak angrezo ko blame krte rahenge. South Korea, taiwan, Japan, singapore, China, Vietnam, indonesia, Thailand, Bangladesh were even more poorer than India.
In 1947 India atleast had some industries like textile, sugar, cotton, paper, engineering. China had ZERO industries. During great leap forward more than 40million Chinese DIED.
Reality is Indian politicians made and ensured India remains a poor country. 75 years is enough time to develop any country. And the so called 1991 reforms were also pushed by IMF not due to indian governments own realisation that past 40 years have been utter disaster