What India needs to learn from Turkiye's economic crisis? : Economic case study

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  • čas přidán 1. 06. 2024
  • ⭐️ Think School’s flagship Communication course with an exclusive workshop on Chat GPT included:
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    VIDEO INTRODUCTION:
    Hi everybody,
    Turkiye’s economy is in shambles! In 2014, 4 Liras were equal to one dollar, but as of Jun’23, it depreciated to 23.1 Lira and by October it was already 28.1 Lira per dollar, that's a 600% decline in just 9 years! And to make matters worse Turkiye was even hit by a massive earthquake
    And the situation is so bad that inflation in Turkiye reached a peak of 80% and now it stands at 61%!! And you know what Guys, Turkiye is a classic example of how politics ruined the economy of the country due to the short term decision of the politicians!! And this case study is very very important for us to learn from, because even we have our elections coming up in 2024, and just like Turkiye, if our politicians start implementing people pleasing policies, even we will be in Shambles!! And unfortunately, these pleasing policies have already started popping up!!
    So this failure of Turkiye has some very very important lessons for India and every other country that is trying to revive its economy.
    So in this episode today, let's dig deep and understand,
    1) Why is Turkiye in such a terrible state?
    2) What did their government fundamentally do wrong?
    3) And most importantly, what are the lessons that India and the world need to learn from the failure of Turkiye?
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Komentáře • 1,8K

  • @indiankuttan401
    @indiankuttan401 Před 6 měsíci +1009

    India should spend more attention on energy production locally because 80% of the energy requirements are met by imports. The message Turkiye gives is the importance of the economic management more than politics. The higher interest rate may cause pain but that is the only way forward. The Indian political parties should not indulge in freebies. The voters who can understand this will save India in the long term. Many of the state governments are financially broke due to such short sighted visions. Hence, vote responsibly.

    • @wazukyan7696
      @wazukyan7696 Před 6 měsíci +87

      Look man it's impossible to make mass people understand that freebies & unnecessary subsidies are bad really bad . I'm from Bangladesh but we face the same problem. Hope you can overcome this issue .

    • @indiankuttan401
      @indiankuttan401 Před 6 měsíci +21

      @@wazukyan7696 don't disagree. If someone understands, it is good.

    • @avanishkumar2682
      @avanishkumar2682 Před 6 měsíci +57

      In short donot vote for INC

    • @divrat7087
      @divrat7087 Před 6 měsíci +17

      Adani gets unusual benefits in energy industry, govt makes sure of that even at the cost of increasing energy prices.

    • @RV-qf1iz
      @RV-qf1iz Před 6 měsíci +15

      ​@@avanishkumar2682bjp is also giving free ration 😅

  • @mayurkanth6987
    @mayurkanth6987 Před 6 měsíci +456

    U missed most important thing
    Turkey's Gdp in 2021 was nearly equal to that in 2008.
    It's Stagnant.

    • @azeemsoona
      @azeemsoona Před 6 měsíci +7

      😂 you don't understand GDP that much do you

    • @KRISH57676
      @KRISH57676 Před 6 měsíci +94

      @@azeemsoona We R all ears, speak up........

    • @joshuatheunkownuniverse.2475
      @joshuatheunkownuniverse.2475 Před 6 měsíci +116

      @@azeemsoona lol...... Y its always has to be a muslim to defend muslim countries? Y only muslim assess burn?

    • @Republican_barb
      @Republican_barb Před 6 měsíci +37

      ​@@azeemsoonahow does it work??

    • @AemondTomahawk
      @AemondTomahawk Před 6 měsíci +43

      ​@@azeemsoonatell us ibn e batuta... Their gdp per capita hasn't grown since 2008.😂

  • @rimurutempest2130
    @rimurutempest2130 Před 6 měsíci +164

    I am from #Karnataka . We been telling everybody exactly this but people are so blind . Thanks for covering .

    • @SharadinduD
      @SharadinduD Před 6 měsíci +25

      Save people from INDI Alliance.

    • @rimurutempest2130
      @rimurutempest2130 Před 6 měsíci +25

      @@siddharthsriram2685 don't be a fool . Just increase in imports doesn't mean anything . It might also indicate that people have more purchasing power now and cheap products are only available in China right now.
      Also shows your lack of knowledge just because of this point he suddenly became BJP guy. That is not how the world works kid. You need to reeducate yourself

    • @buzzlightyear1484
      @buzzlightyear1484 Před 6 měsíci +10

      ​@@siddharthsriram2685india gets 20 percent market cap in us while China decreased 10 percent

    • @rajeshshetty1616
      @rajeshshetty1616 Před 6 měsíci +14

      ​@@siddharthsriram2685if things work for ur convenience it's ok if not then bjp agenda.grow up man

    • @Godhelpme2093
      @Godhelpme2093 Před 6 měsíci +2

      ​@@rimurutempest2130but where is boycott china now

  • @kartikkhandelwal6050
    @kartikkhandelwal6050 Před 6 měsíci +158

    "There's no such thing as a free lunch" - Milton Friedman (Noble laureate, economist)
    Amazing Ganesh! This is very very important topic to be understood by masses of our country especially youth.
    As an econ grad, I completely agree with all your points n I always try to make people understand this petty politics of freebies from my end.

    • @RoniiNN
      @RoniiNN Před 3 měsíci

      The free lunch you just pay for in the future with interest.

  • @user-iw2jb3my5g
    @user-iw2jb3my5g Před 6 měsíci +355

    FREEBIES OF POLITICAL PARTIES ARE NOT GIVING MONEY FROM THEIR POCKETS, INSTEAD THEY ARE GIVING FROM MIDDLE CLASS HARD EARNED TAX MONEY...

    • @Canyouseemeanna
      @Canyouseemeanna Před 6 měsíci

      Well, when only 2% population pays income taxes why blame the government, our fellow citizens are sucking our blood. Even if the government wants to decrease the Income tax they cannot.

    • @shashankmurthy2521
      @shashankmurthy2521 Před 6 měsíci +5

      💯

    • @1017ud
      @1017ud Před 6 měsíci

      So basically the crash in AMERICA was the reason of destruction their currency/economy, then they were promised a loan by IMF (in dollars) if they let outside businesses operate in turkey. So they wiped their economy, cleared turkeys market from its domestic players ( for american MNCs to capture turkeys market) and left them in debt even after it was Americas fault 🤣🤣🤣 brilliant why don’t other countries have Dot com crash, housing market crash etc

    • @nikhilgoyal4840
      @nikhilgoyal4840 Před 6 měsíci

      still they get votes man due to this and people on recieving end dont know anything about economics and they are not at fault also. Their should be a rule from EC to bar such parties who provides freebies

    • @oyebeserious3774
      @oyebeserious3774 Před 6 měsíci +2

      Up haryana mp farewell scheme other states freebies😅😅😅

  • @atikagarwal4720
    @atikagarwal4720 Před 6 měsíci +372

    I really hope that this video reaches to as many people as possible and they understand how bad politics can affect our country's economic future. This is a very well made video.

    • @vivekpmc1992
      @vivekpmc1992 Před 6 měsíci +13

      No , our nation is majorly rural and they want and getting everything as free as possible. I am here in village for last 10 days and find ppl involved in getting everything free.Now it wouldn't be possible to comedown of this ladder like reservation etc. Only middle class in India has to suffer.

    • @VARUNKUMAR-Up
      @VARUNKUMAR-Up Před 6 měsíci +10

      BJP DONT WANT GIVE FREEBIE BUT IF OPPOSITION IS GIVING THEN THEY ARE LEFT WITH NOTHING BUT TO GIVE...
      WE PEOPLE SHOULD SAY NO TO FREEBIE

    • @user-hn7zs9yr4e
      @user-hn7zs9yr4e Před 6 měsíci +1

      😂😂😂😂 People don't care if tomarrow electricity cut for ever or petrol is not available

    • @ShubhamSingh-jo5nb
      @ShubhamSingh-jo5nb Před 6 měsíci

      Do not worry most of the promises don't even get fulfilled . A 200 free unit in metro where average use is 400 unit , free ride for women in bus and governments vehicle which is mostly used by man, Ration is necessary. Only thigh is we need to control the population becouse we do not need to increase the people who use freebees

    • @althaf.2619
      @althaf.2619 Před 6 měsíci

      ​@@VARUNKUMAR-Upmodi ji allready india me inflation ka maabehan kardiya freebee se durki batt

  • @jestinmathew4503
    @jestinmathew4503 Před 6 měsíci +76

    May India rise and become a developed country in 2047. Keep more economics related content coming.

    • @anupamkumari9752
      @anupamkumari9752 Před 6 měsíci

      Why 2047?? Why not in 2033

    • @jestinmathew4503
      @jestinmathew4503 Před 6 měsíci +4

      @@anupamkumari9752 According to PM Modi, India will be developed by 2047.

    • @DC-zi6se
      @DC-zi6se Před 6 měsíci +6

      @@anupamkumari9752 Not possible. Check the stats and time progression of countries that went from .65 to .75 or .8. It takes atleast 15-20 years. And India being such a Massive country will take longer.

    • @subhrajitgupta5535
      @subhrajitgupta5535 Před 6 měsíci

      @@jestinmathew4503 Modi is a biggest fraud. Analyse on your own the average growth rate in last 9 years, and think independently.

    • @gjrbb
      @gjrbb Před 6 měsíci +1

      @@anupamkumari9752 Why 2033? Why not in 2023

  • @nkrama
    @nkrama Před 6 měsíci +34

    From my Turkish friend who has now moved to Europe, "It’s a very good video exactly showing what happened. After the elections, Erdogan appointed the Minister of Economy of the economical growth era back again and also appointed an Harvard Graduate Turk to the Central Bank, getting back to normal economic rules, but the price tag of the delusion was high. The guy really made a good point showing Turkiye as a bad example for what might happen in Bharat." Great video, guys. Need more such in-depth materials to continue whetting our appetite and helping us understand macro economics better

  • @sailajasandeep
    @sailajasandeep Před 6 měsíci +19

    SIR THIS IS VIDEO NEEDS TO BE TRANSLATED INTO REGIONAL LANGUAGES AND SHOULD REACH COMMON PEOPLE OF INDIA.
    COULD YOU PLEASE THINK OF A WAY OR REACH REGIONAL VLOGGERS FIR THE TRANSLATION.
    ONCE DONE WE CAN TAKE THE INITIATIVE IN SHARING.
    FANTASTIC VIDEOS LIKE THIS MUST REACH COMMON PEOPLE OF INDIA.

  • @rameshkumaryathirajyam9819
    @rameshkumaryathirajyam9819 Před 6 měsíci +203

    Dear the Case study on election freebies by Congress and other parties . Example how Karnataka is doomed due to its freebies . AP is another example

    • @thakur2622
      @thakur2622 Před 6 měsíci +56

      Also right now in Punjab , please it's a humble request

    • @rout4446
      @rout4446 Před 6 měsíci

      Congress has already announced yo free farm loan in MP if they win.
      These people destroy our economy just for shake of vote 😢

    • @s9ka972
      @s9ka972 Před 6 měsíci +44

      ​@@thakur2622😂 Kerala is struggling even with no Freebies

    • @SwethaSmiley-ik1pc
      @SwethaSmiley-ik1pc Před 6 měsíci

      ​​@@s9ka972What is there to wonder? Commies never let any industry to grow.. totally against industrialization basically letting ur investers not feel safe, they will move to Gujarat or TN or MH. On top of that hartals and bandh every now and then ..so ketalites had to go abroad for income generation. no industry no money to state govt. So only option alcohol.

    • @-VAJRA-
      @-VAJRA- Před 6 měsíci +17

      Modi recently announced freebies for 80 crore people

  • @dholakpurkirakhi434
    @dholakpurkirakhi434 Před 6 měsíci +31

    My Father when migrated from Rajasthan to Surat for earning money
    he had nothing in his pockets but had so many expenses of wedding of his brothers and sisters
    This is what We jain Marwaris are Created
    Even at that Time He takes risk and start business from Relative money and today we have such a good lifestyle
    I don't know why in many society People are scared of doing business
    my Father is not educated well
    people should come out of the mentality of Jobs
    In India everything is possible for businessmans

  • @theOptimisticCoder
    @theOptimisticCoder Před 6 měsíci +24

    Amazing video!
    All the Indian citizens should cast their vote after keeping the points that are discussed in this video in their mind & then taking a well informed decision.
    In the end in a democratic country like us, we, the people are the ultimate decision makers & should always think of the long term growth of our country.

    • @Noonel-_-1
      @Noonel-_-1 Před 6 měsíci +4

      We need nuclear energy instead of renewable energy for long term goals

    • @davidalexsebastiank6250
      @davidalexsebastiank6250 Před 6 měsíci +2

      But Rural area people will not understand

  • @ssingh018
    @ssingh018 Před 6 měsíci +48

    Kudos to you and the team. You have summarized the Turkiye economic issues very well for the common audience understanding. Not only Indians, the citizens of the world should learn from this example. Not elect leaders implementing short term economic policies to gain voters confidence - that eventually bite back the same common man in form of high interest rates.

  • @ashwanichaudhary6439
    @ashwanichaudhary6439 Před 6 měsíci +23

    In my city people are now started to use solar panel , i think this will help a lot to a country as a citizen

  • @SOHAM_youtube
    @SOHAM_youtube Před 6 měsíci +21

    We need more complex scientific studies, research explained by you in this simple way 😊 excellent explanation.

  • @Beautista
    @Beautista Před 6 měsíci +41

    Hatsoff to this guys ability to make us Indians more matured in areas where normal people wouldn’t have even thought of

    • @sharmana100
      @sharmana100 Před 5 měsíci

      but we need politicians and their advisors to see this video.

  • @andrewrogers3067
    @andrewrogers3067 Před 6 měsíci +312

    Turkey had literally everything it needed to be an insanely strong regional power. A growing economy, Great geography, resources, strong population with good demographics, a powerful military and great national identity. This isn’t even touching upon how weak their neighbors are.
    How they messed this up is honestly impressive, but hey! Cheap vacation.

    • @wazukyan7696
      @wazukyan7696 Před 6 měsíci +30

      Weak neighbors are actually a problem

    • @rohitb405
      @rohitb405 Před 6 měsíci +26

      ​@@wazukyan7696and the people in these nations as well

    • @TheSanchit50
      @TheSanchit50 Před 6 měsíci +24

      No cheap vacation. Came from Turkey last week and most of the things are adjusted to Euros. And People are not even bothered about the Inflation and happily adjusting everything month wrt to Euros.

    • @azeemsoona
      @azeemsoona Před 6 měsíci +8

      That they messed up is just an assumption based on numbers. They didn't. In fact they will rise up with or without the US support

    • @abhinashkumar3161
      @abhinashkumar3161 Před 6 měsíci

      right

  • @sambitchakraborty6996
    @sambitchakraborty6996 Před 6 měsíci +28

    Today I felt like that I am watching your video like I used to during Covid times with that white (not so fancy) background. That was a time with not-so-good video quality/editing but top-notch content and few thousands of subscribers to millions now. what a journey!!!

  • @dhivyark6705
    @dhivyark6705 Před 6 měsíci +9

    I m not a business student but very informative as it helps to know world affairs and deeper economic aspects for civil service aspirants like me👍🏻The way you explain is cool👌

  • @nanonanao9988
    @nanonanao9988 Před 6 měsíci +6

    🇲🇨 🤝 🇮🇳 hope our economy and trade relation can grow together

  • @vipashapmehta
    @vipashapmehta Před 6 měsíci +26

    Absolutely gold!!!!! Bang on!!!!!! Think school is back in action!!!!Kudos - more power to you - keep on bringing more such videos....❤

    • @azeemsoona
      @azeemsoona Před 6 měsíci

      Not this one. I think his main aim was India and not Turkiye

  • @MrBlackjack456
    @MrBlackjack456 Před 6 měsíci +161

    "Turkey's Economic Crisis: Lessons for India and the World"
    Summary:
    This video discusses the severe economic crisis in Turkey and the important lessons it holds for India and the rest of the world. Turkey's economy is in turmoil, marked by skyrocketing inflation, a depreciating currency, and the government's struggle to manage these economic challenges.
    Key points and takeaways from the video include:
    1. Turkey's economic situation: Turkey's economy has been in distress, with its currency, the Turkish Lira, losing almost half of its value in a year. The country faces issues like high inflation, soaring current account deficits, and a general economic downturn.
    2. Causes of the crisis: The video explains how Turkey's economic woes are a result of various factors, including excessive borrowing, a rising current account deficit, and a depreciating currency. The situation was worsened by external factors like the Russia-Ukraine war and the COVID-19 pandemic.
    3. Political decisions and elections: Turkey's government made short-term, people-pleasing decisions, such as decreasing interest rates to gain favor during elections. These policies led to increased inflation and the depreciation of the currency.
    4. India's situation: India faces similar challenges, with a high current account deficit and an energy dependency on oil imports. However, India has taken long-term measures to reduce these dependencies and manage its economic situation.
    5. Lessons for India: The video emphasizes that India should not rely solely on GDP as an economic metric and should consider other indicators like fiscal deficit, import deficits, and interest-to-revenue receipts. India should also focus on increasing exports, reducing import dependencies, and not prioritize politics over economics, especially during election times.
    6. The importance of informed citizens: The video encourages informed citizens to question politicians and understand the economic implications of people-pleasing policies.
    Overall, Turkey's economic crisis serves as a cautionary tale for India and other countries, highlighting the consequences of prioritizing short-term political gains over sound economic decisions.

  • @exdee8446
    @exdee8446 Před 6 měsíci +7

    Please make regional language versions of this so that people who don’t speak english (majority in India) can understand this video. This is a need of the hour with the upcoming elections

  • @chiraggarg6789
    @chiraggarg6789 Před 6 měsíci +4

    I watch almost all your videos.I had an interview at Mckinsey and i was able to crack only because of your channel.The knowledge gained and insights learned from your channel helped a lot.

  • @nk9996
    @nk9996 Před 6 měsíci +15

    First of all thanks for coming back to the original way of doing video this Ganesh is what I missed no fancy background,no fancy mic setup and especially this camera angle is what made me to feel a neighborhood boy vibe before suddenly everything changed and now after long time this video remains me of your starting stage of vide making and secondly today only i learned it's TURKIYE and not TURKEY !😂😂

  • @krishnabalak
    @krishnabalak Před 6 měsíci

    Excellent video as always .. the cherry on the cake is you are asking the question in the middle.. that's is very very good..

  • @ELsaketh
    @ELsaketh Před 4 měsíci +1

    Very informative, knowledgeable and enlightening, keep doing such things ....proud of this channel

  • @adityachaudhary1610
    @adityachaudhary1610 Před 6 měsíci +19

    Case study on how revdi from any party is extremely bad for economy?
    Health, education, farmer subsidy are enough for right now and other money should be directly invested for infra and job creation

  • @rajindian7292
    @rajindian7292 Před 6 měsíci +31

    Indian should learn every major geopolitics events, to make efficient governing system & better infra in all sectors

    • @user-pv2xy1og8h
      @user-pv2xy1og8h Před 6 měsíci +2

      Thanking to the very great PM Modi ji and our great BJP government India doing very very good sir. We wisely support the warcrimings of Putin sir which means we buying very cheap oil from Russia while other foolish countries like west paying so much for oil. India doing very much better than any country of peacefulls! We also so proud not being member of NATO like Turkey and we fighting west hegemony supporting war against Ukraine!! So proud for India sir!

  • @satishacharya8097
    @satishacharya8097 Před 6 měsíci +10

    a very powerful knowledge session. Definition of Repo rate and how to control inflation was summarized in a very simple manner. Thank you very much.

  • @nawazkhan3002
    @nawazkhan3002 Před 6 měsíci +1

    Was really educating. Thankyou. Never understood Current Ac deficit. Finally did. Thank you

  • @murariguntupalli582
    @murariguntupalli582 Před 6 měsíci +174

    Can you do a growth series like the Singapore one?

    • @titan2984
      @titan2984 Před 6 měsíci +4

      He already made 2 part series about Singapore

    • @murariguntupalli582
      @murariguntupalli582 Před 6 měsíci +14

      @@titan2984 I am not talking about Singapore , I mean case studies like that.

    • @bharambedeepesh
      @bharambedeepesh Před 6 měsíci

      Membership ka fayda batana?

    • @sudhanshusrivastava1969
      @sudhanshusrivastava1969 Před 6 měsíci

      Bhai do not compare Singapore with India due ro its size..

    • @varunmittal3617
      @varunmittal3617 Před 6 měsíci

      turkey should discontinue Lira and Make Euro as its currency and live peacefully no worry on import even if you export nothing

  • @sudarshan4077
    @sudarshan4077 Před 6 měsíci +24

    This is very good content of economy why can't you or your team members can make same content on regional language so that the common people understand and choose the right leader for national

  • @niharhingrajia8606
    @niharhingrajia8606 Před 6 měsíci +1

    Extremely loved the style of you posing a question for us to think rather than directly giving out facts. This seemed extremely helpful in building an independent and rational mind. Please do it more from next videos and we all will surely become brighter "THINK" School students. I am always excited and eagerly waiting for new videos. Really love your work

  • @TamilTrailers
    @TamilTrailers Před 6 měsíci

    Love your channel and video lessons, keeps us aware of the economy. keep up your good work.

  • @mriduldebnath340
    @mriduldebnath340 Před 6 měsíci +4

    Thanks ❤.... that's a great video...the way you simplify the economic crisis and make it easy to understand for us is great.😊

  • @ajittitude
    @ajittitude Před 6 měsíci +355

    For Turkey 🦃 & 🇵🇰 religion is more important than economy.

    • @karna8658
      @karna8658 Před 6 měsíci +91

      It's the story of most Islamic countries.

    • @_animewatcher
      @_animewatcher Před 6 měsíci +62

      Lol they want 72 horr so let them prey 😂 to ola drivers

    • @nkr-os9dd
      @nkr-os9dd Před 6 měsíci +28

      Same in India also instead of development government is concentrating on religious politics

    • @karna8658
      @karna8658 Před 6 měsíci +61

      @@nkr-os9dd not just religious, caste politics, Freebies politics and blame game.
      We are doomed too.

    • @ashu2893
      @ashu2893 Před 6 měsíci +17

      Iran too

  • @mikepurewal5816
    @mikepurewal5816 Před 6 měsíci +2

    Thanks from Canada.
    Your vidéos are always very informative.

  • @jeetjaiswal3799
    @jeetjaiswal3799 Před 6 měsíci +4

    Hey man, very well researched and even better presentation
    Keep up with these geopolitical cases, they're actually really insightful👍🏼
    Btw, where do you find these articles and graphs for such content?

  • @kaustubh_shetye
    @kaustubh_shetye Před 6 měsíci +16

    So much learnings in this video
    Thanks for making it❤

  • @user-zt2dk8ld3b
    @user-zt2dk8ld3b Před 6 měsíci +5

    I totally agree about the comment you made about the freebies in Indian politics...people fail to ask a basic question to themselves, which is "who will pay for it?" and the answer is quite simple too.. ITS GONNA BE YOU!!

  • @shengxianhuo7814
    @shengxianhuo7814 Před 5 měsíci +1

    Again I marvel at the scope, depth and deliver of this channel. If sharing wisdom in economics was a sport think school would no doubt be the back to back champion

  • @knkrishnaadiga4017
    @knkrishnaadiga4017 Před 6 měsíci

    I have been watching Think School videos for a long time now. Such great content is provided here. Keep on doing good work.💯

  • @dhruvinmungra7855
    @dhruvinmungra7855 Před 6 měsíci +4

    Amazing video with Factual information and content. You are really great sir ✋
    Keep supporting you always 🙏

  • @think-king4030
    @think-king4030 Před 6 měsíci +8

    Something similar was done by the former pm of UK, that's why Sunak was chosen

  • @sunderkunchithapatham5248
    @sunderkunchithapatham5248 Před 6 měsíci

    Thank you for sharing the analysis thus helping us with better understanding

  • @raviselvaraj3967
    @raviselvaraj3967 Před 6 měsíci

    Well presented... Learnt some basic aspects of country's economy.. thank you 🙏

  • @dholakpurkirakhi434
    @dholakpurkirakhi434 Před 6 měsíci +7

    Exports are being so eased From 5-6 years
    We are just have a normal shop of Saree In Surat
    we were supplying sarees to Madhya Pradesh from long time with normal scale
    Then suddenly In our shop A customer comes who was Indian origin but lives in Qatar
    we had never think that we can even export in Foreign countries as we have such a small shop
    But This is what government had changed Scenario for business like Us
    from My shop and my Both uncle shops we nearly Supply 1Cr Worth sarees to Qatar every month
    This is not our 20%
    now we will start increasing it with time
    Qatar is just one country
    we can easily export In every nation 😁
    reality is that after 500-1000 rupees stop and GST comes ... people business doesn't decreases but it increases and Illegal stuffs got decreased
    we had seen our best time after GST 😉
    First we have to Understand Government policies 😎

    • @mostlymi9963
      @mostlymi9963 Před 6 měsíci

      You are peddling politics like a troll. Your shop is not national economics.

    • @dholakpurkirakhi434
      @dholakpurkirakhi434 Před 6 měsíci

      @@mostlymi9963 Not Only My shop man 😑
      Come to whole market there are more than 70000+ shops here
      it is reflected everywhere
      this all shops give super huge contribution to whole Gujarat

  • @thakur2622
    @thakur2622 Před 6 měsíci +4

    Thanks for informatic video 🙏

  • @gattireddycharankumarreddy5122
    @gattireddycharankumarreddy5122 Před 6 měsíci +20

    Hi bhaiya.... If you look at the "BANGALORE IYENGAR BAKERY" and do a case study.. this bakery is will known in Karnataka and other South Indian states but It's is not a registered company.. it is quite interesting 🤔🤔🤔

    • @prasadpasumarthy2965
      @prasadpasumarthy2965 Před 6 měsíci +7

      It’s not owned by a single entity but owned by individuals who hail from the Hassan district of Karnataka and belong to the Iyengar sect of Brahmin community

    • @want2behere
      @want2behere Před 6 měsíci

      Iyengar is a sub caste of the Brahmins.Traditional owners of Iyengar bakery are mostly selling the business as the next generation is not interested in continuing the business. In some places the business is purchased by non Iyengar community and continuing the business for the brand name.

    • @prasadpasumarthy2965
      @prasadpasumarthy2965 Před 6 měsíci

      @@want2behere yes that’s happening sadly

  • @satishimca
    @satishimca Před 6 měsíci

    I really enjoy all your videos. Very informative and lots of takeaways.

  • @danieloghenebrorhie2590
    @danieloghenebrorhie2590 Před 6 měsíci +2

    I truly enjoyed and liked this video.
    Politics is so emotions driven these days that voters hardly think of the consequences of "People pleasing Policies".
    I have learnt a whole lot from this video.
    Thank you

  • @user-uy1cg7gz9z
    @user-uy1cg7gz9z Před 6 měsíci +13

    Your videos are top Notch bro. I got interested more on Business after watching think school. Writing CAT and hoping to get 100 percentile and get my Dream business college IIM Ahmedabad, Bangalore or Calcutta and Pursue PGDM in Finance and Banking

  • @Viva-la-de-hs4ub
    @Viva-la-de-hs4ub Před 6 měsíci +8

    ABSOLUTELY BRILLIANT VIDEO THINKSCHOOL 💙, I had been thinking and worrying about this sorry state of affairs since Congress won its elections in Karnataka using Free good policy . And now they plan to do it throughout the whole country 💔
    India which is supposed to be the New Economic Power , might crumble before it even takes off . Please Vote Carefully everyone 🙏
    Modi for prosperity

    • @mostlymi9963
      @mostlymi9963 Před 6 měsíci

      Thats quite a brainwashed comment. BJP is doing the same in election states. Modi has sent indias external debt spiralling to 3x, inflation is double digit and unemployment has led to decline in peoples income. 60% of indians are below poverty line and we are blowing up money on G20s purely politics. So go vote for whoevers noise appeals to you, but dont delude yourself that Modi is a economic wizard. Quite the opposite.

    • @SharadinduD
      @SharadinduD Před 6 měsíci +2

      INDI Alliance means Economy down once again.

    • @Viva-la-de-hs4ub
      @Viva-la-de-hs4ub Před 6 měsíci +2

      @@SharadinduD very true , I'll probably exit half of my portfolio before the next elections

  • @sowdeshramadoss5662
    @sowdeshramadoss5662 Před 6 měsíci

    @ThinkSchool Thank you for constantly providing great content

  • @vinayabhyankar6740
    @vinayabhyankar6740 Před 6 měsíci

    What’s a wonderful presentation and message delivery

  • @areclipse8665
    @areclipse8665 Před 6 měsíci +4

    Much appreciated for the research to understand the economic situation of a country who is choosing religion instead of country. Keep it up 👍

    • @davidalexsebastiank6250
      @davidalexsebastiank6250 Před 6 měsíci

      Ottoman dream of erdogan

    • @areclipse8665
      @areclipse8665 Před 6 měsíci +1

      @@davidalexsebastiank6250 Turkey is already bankrupt and still Erdogan is dreaming for his ottoman empire.,

  • @shaikhabrahim7176
    @shaikhabrahim7176 Před 6 měsíci +4

    Excited 😊

  • @harsheryaaradayaar6919
    @harsheryaaradayaar6919 Před 6 měsíci

    This Video is very Valuable for an Individual and a Voter as well as for the country also.
    Thanks

  • @sivakumarthiru4158
    @sivakumarthiru4158 Před 6 měsíci

    Just as always, you are Brilliant my friend... wish all Eco Students listen to your talks and get clarity on the subject... 🎉

  • @agdmbgdm1226
    @agdmbgdm1226 Před 6 měsíci +5

    Though it's economy is at its worst point but still because of its geostrategic location and geopolitical competency they are exercising their strategic autonomy which is quite impressive.

  • @g.cchaudhary22
    @g.cchaudhary22 Před 6 měsíci +51

    Meanwhile Erdogan is busy pretending Khalifa of Muslim World 😂😂

    • @sayedhussain9000
      @sayedhussain9000 Před 6 měsíci

      He isn't

    • @darkspyder5838
      @darkspyder5838 Před 6 měsíci +7

      That's his dream to replace Saudi and became khalifa

    • @mostlymi9963
      @mostlymi9963 Před 6 měsíci +1

      If you have nothing intelligent to say, go elsewhere.

    • @Anurag_gupta011
      @Anurag_gupta011 Před 6 měsíci

      ​@@mostlymi9963He's spitting faxx... I know it burned your A- S- S 😂😂

    • @jati3149
      @jati3149 Před 6 měsíci +1

      Mia Khalifa?

  • @GirirajAR
    @GirirajAR Před 6 měsíci

    Very valuable content.. thanks Think school ❤

  • @kalpkabravlogs
    @kalpkabravlogs Před 6 měsíci +9

    00:03 Turkey's economic crisis provides important lessons for India and other countries.
    02:59 Turkey's economy experienced significant growth despite underlying problems.
    05:08 Turkiye's economic crisis was caused by increasing current account deficit and depreciating currency.
    07:22 Turkey responded to the economic crisis in a unique way
    09:35 RBI increased repo rate, controlling inflation in India.
    11:41 President Erdogan's decision to decrease interest rates to please the people led to economic disaster
    13:53 Lessons from Turkiye's economic crisis for India
    15:58 India should not solely rely on GDP as an economic metric
    17:55 India should learn from Turkey's economic crisis

  • @trytobesmart
    @trytobesmart Před 6 měsíci +6

    Whoever does poor financial management, engages in religious politics, and promotes hatred against minorities, this will be the result. Lastly, we need to stop providing freebies not only for the common man but also for corporates. Nearly 25 lakh crore waivers have been given to billionaires.

  • @narraikhan285
    @narraikhan285 Před 25 dny

    Your videos teach us more than any MBA college. More Power to you and God bless you!

  • @dhanushr247
    @dhanushr247 Před 6 měsíci +1

    For me I watch your video to learn about business only but you talk about all the economics I really want to say thankyou

  • @parth_pm16
    @parth_pm16 Před 6 měsíci +3

    This great video shows how interest rates can affect the economy of a country after considering all the important terms of economics and the timing of changing interest rates is also important.

  • @frugaleconomist99999
    @frugaleconomist99999 Před 6 měsíci +17

    One of the best case study on economics I would say. The GDP growth of India is achieved mainly due to inflation rather real growth. It is similar to company growing profits from increase of price rather volumes😂

    • @himanshupathak1310
      @himanshupathak1310 Před 6 měsíci +1

      But, if you compare the inflation rates from 2014 to 2023 and 2004 to 2014, you can see that the current govt has efficiently managed the inflation better than the past govt. Also, point to note is that, even after the Corona period, our economy didn't suffer much loss.

  • @ashishtiwari2261
    @ashishtiwari2261 Před 6 měsíci

    Extraordinary work mate...may this video passes to larger section

  • @SP-Steel
    @SP-Steel Před 6 měsíci

    Very relevant video. Its not just india, but common people and policymakers from every country in the world should learn from this video

  • @user-hp8hs5ur8s
    @user-hp8hs5ur8s Před 6 měsíci +212

    Crazy how the market works and opportunities arise. I'll be honest, I rarely have time to keep up with all these shifts in the market. Luckily, I've always had someone guiding me through these tumultuous times. Believe it or not, with her guidance, I've been able to net a consistent 60% profit just over the last 6 months. I know there'll be skeptics saying I'm bluffing, but hey, numbers don't lie.

    • @geraldvolkovfoley3479
      @geraldvolkovfoley3479 Před 6 měsíci

      Totally get what you're saying, Jenny. It's really hard to keep up with every single market trend and opportunity. And 60% in 6 months? That's impressive! Definitely sounds like you have someone great advising you.

    • @GraceIzzi
      @GraceIzzi Před 6 měsíci

      Jenny, I've got to ask, who's this expert you're talking about? My investments have been moving at a snail's pace lately and I could really use some advice from someone who knows what they're doing.

    • @user-hp8hs5ur8s
      @user-hp8hs5ur8s Před 6 měsíci +2

      @@GraceIzzi Linda Renae Allman

    • @user-hp8hs5ur8s
      @user-hp8hs5ur8s Před 6 měsíci +2

      If you're seriously considering seeking guidance, I'd recommend looking up Linda Renae Allman online. I owe a lot of my success to her expert advice. She's incredibly proficient, and you'll find tons of testimonials that vouch for her credibility and expertise.

    • @carolinekellysarin3282
      @carolinekellysarin3282 Před 6 měsíci +1

      Just did a quick search on Linda Renae Allman. She seems to have some solid credentials and great reviews. Thanks for the recommendation, Jenny. It's essential to have someone trustworthy in such turbulent times.

  • @pulokpaul5576
    @pulokpaul5576 Před 6 měsíci +3

    Freebies master mind is jaylalita and there strongly follow west bengal, delhi, punjab, kerala, chattirsgarh.

  • @VishalS82091
    @VishalS82091 Před 6 měsíci

    Well researched... Very well articulated 😊

  • @mimansakrishna8045
    @mimansakrishna8045 Před 6 měsíci

    Highly empressed by your content ......🎉🎉🎉🎉

  • @ujjawalpandey5013
    @ujjawalpandey5013 Před 6 měsíci +7

    let me give u an idea recently in stock market a very influential person commented if this party wins market will correct by 12-15 % make a video explaining that ​tell us how a party pollicies affect stock markets and how do they differe from each party ​i am not taking any names here
    ​how is my idea?

  • @manomano2524
    @manomano2524 Před 6 měsíci +8

    Freebies making us(tamilnadu) into more graveness, as the govt don't have enough money they're not spending for infrastructure and development. In tamilnadu even lower middle class people don't want to send their children to govt school, bcoz they are not spending more money on govt school. Recently started to give 1000rs to selective people and increased liquor revenue to compensate. These people's pleasing policy destroying us.

  • @kanishtekwani1062
    @kanishtekwani1062 Před 6 měsíci

    Wonderful way concepts presented 👏👏

  • @unmeshbhatt6569
    @unmeshbhatt6569 Před 6 měsíci

    Excellent video and handling of complexity

  • @darnaram
    @darnaram Před 6 měsíci +9

    Increasing interest rates actually doesn't decrease the price of a lot of products, instead the prices of products are increased, employees are fired and companies score record profits. It is only the common person that can't buy the products. For a lot of businesses they still can book record profits.

  • @kewalbajaj837
    @kewalbajaj837 Před 6 měsíci +4

    Amazing ! Turkey prints more money goes into economic catastrophe and there is US which is immune to it. This inequitable balance of economic power and control shall come to more just distribution in coming times.

    • @souvicknath5716
      @souvicknath5716 Před 6 měsíci

      That's why hagemony of us dollar should come to an end. Otherwise the economy of world will not progress.

    • @sreenathgopinathan4002
      @sreenathgopinathan4002 Před 6 měsíci

      @@souvicknath5716To end the so-called hegemony of the greenback, there should be world war 3 and somebody (perhaps people’s republic of China 🇨🇳) should defeat Uncle Sam. It’s highly unlikely since People’s republic of China is an ageing country and due to various reasons, PLA seems to be uninterested in fighting USA 🇺🇸 and establishing its own military hegemony.
      At present , Chinese yuan(its also called Renminbi😂) is a soft currency, too soft compared to the US Dollar which is an effective weapon of the 🇺🇸

  • @Rajscorpio
    @Rajscorpio Před 6 měsíci

    Superbly done. Very nice video🎉

  • @gopalchavadi4322
    @gopalchavadi4322 Před 6 měsíci

    Great one, as always!!

  • @tokitomuimui
    @tokitomuimui Před 6 měsíci +10

    Indian 🇮🇳 economy is mixed economy and it is very fastly grow indian economy ❤😊

  • @helinabrooks7461
    @helinabrooks7461 Před 6 měsíci +3

    Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.

  • @moloyadhikary7836
    @moloyadhikary7836 Před 6 měsíci

    Very Well Explained. Thank You

  • @mangiparamesh1336
    @mangiparamesh1336 Před 6 měsíci

    Thank you, bro
    Have sent a good information

  • @TheIndraprastha8
    @TheIndraprastha8 Před 6 měsíci +3

    Tax bharne ka man nahi karta India me bhi taxation bahoot complicated kar diya hain. Upar se freebies. 🙏

  • @arijitroy3539
    @arijitroy3539 Před 6 měsíci +10

    "Politics should never ever triumph over economy, if it does that nation is bound to go bankrupt"

  • @SanjayAnand1UP
    @SanjayAnand1UP Před 6 měsíci

    Thanks much .. I hope this video becomes eye opener to en masses of india

  • @draknagar
    @draknagar Před 3 měsíci

    Excellent analysis!!

  • @Sunil13593
    @Sunil13593 Před 6 měsíci +9

    So pakistanis are correct.. turkey is their brother😂

    • @Merchand737
      @Merchand737 Před 6 měsíci +4

      They’re doing same mistakes for many years

  • @nkr-os9dd
    @nkr-os9dd Před 6 měsíci +9

    Country will develop and people will live happily if they get free education and hospitality.
    Not the other freebies

    • @sohanelavarthy5397
      @sohanelavarthy5397 Před 6 měsíci

      India cannot afford it if states give stupid freebies draining our Economy

  • @shaikhasif3853
    @shaikhasif3853 Před 6 měsíci

    Thank you for the explanation.

  • @husnanasser
    @husnanasser Před 6 měsíci

    Very informative and I like that he speaks fast 👍🏻

  • @junaiddmalikk
    @junaiddmalikk Před 6 měsíci +4

    Politicians should be trained for administration.

    • @dineshkesarpu37
      @dineshkesarpu37 Před 6 měsíci +1

      There should be an entrance exam to begin with

    • @junaiddmalikk
      @junaiddmalikk Před 6 měsíci

      That's against the spirit of democracy

    • @dineshkesarpu37
      @dineshkesarpu37 Před 6 měsíci

      Lol

    • @dineshkesarpu37
      @dineshkesarpu37 Před 6 měsíci

      If you don't understand economy, how will u vote for Budget

    • @junaiddmalikk
      @junaiddmalikk Před 6 měsíci

      Do you think all ministers are well educated about their role

  • @-VAJRA-
    @-VAJRA- Před 6 měsíci +7

    Modi recently announced FREE ration for 80 crore people

    • @BSASITHARANJ
      @BSASITHARANJ Před 6 měsíci +1

      Ration is only for poor and lower class people 😅

    • @nkr-os9dd
      @nkr-os9dd Před 6 měsíci +1

      😂😂 he will talk about freebies if others give the same he will do

    • @-VAJRA-
      @-VAJRA- Před 6 měsíci +1

      @@BSASITHARANJDoes that mean 56% of our country is poor? Isn’t the govt responsible for that
      Think school has deliberately dropped this video just after the announcement by our honorable PM in order to defame him
      This guy is anti BJP

    • @dineshkesarpu37
      @dineshkesarpu37 Před 6 měsíci

      Bhakts, Pappus and Aapturds have ruined our country

  • @shubhambothara1923
    @shubhambothara1923 Před 6 měsíci

    Very well explained 👏👏👏

  • @musharafshahbukhari2567
    @musharafshahbukhari2567 Před 6 měsíci

    Great …thanks young guy. Keep it up

  • @nareshmuppu6108
    @nareshmuppu6108 Před 6 měsíci +3

    will india face the same situation for recent extension of free ration to 80 crores people for more 5 years.

    • @YashChopade-ku6sm
      @YashChopade-ku6sm Před 6 měsíci +4

      No, it is just about food security; it is a burden of at most 0.5% of gdp

    • @kpop_royalarmy6807
      @kpop_royalarmy6807 Před 6 měsíci

      It will also help to tackle food inflation in our country .