What’s driving voters’ optimism about their economic situation?
Vložit
- čas přidán 11. 04. 2024
- As the general elections approach, it’s timely to look at how optimistic the Indian public is feeling about its economic situation. Economist Radhika Pnadey and Deputy Editor TCA Sharad Raghavan look at a range of indicators to measure the mood of the nation, in #MacroSutra
---------------------------------------------------------------------------------------------
Subscribe to ThePrint : theprint.in/subscribe/
---------------------------------------------------------------------------------------------
Chapters
07:36 - Consumers are expecting inflation to trend downwards over the next three months and one year
08:17 - Current perception is that inflation is higher than what official data shows, but this perception is also lower now
10:20 - Consumer sentiments on income, inflation & expenditure is back to pre-COVID levels as per RBI survey
13:06 - Consumer sentiments as measured by CMIE shows a decline in January and February this year
14:43 - Even as per the CMIE survey, consumer sentiments are back to around pre-COVID levels
16:25 - Net financial savings of households saw a steep decline in 2022-23 to a 47-year low
16:52 - However, physical savings of households has risen to a 10-year high
17:18 - Household debt has reached 38% of GDP, a very high level
17:50 - In FY24 as well, the same trends of high household debt has continued
19:47 - The increase in demand for housing suggests an increase in optimism
21:40 - RBI has already taken preemptive measures to curb the growth in unsecured lending
24:15 - Government data shows the unemployment rate has fallen to 3.1% in FY23
24.35 - The labour force participation rate has also improved, which means more people are looking for work
25:51 - A matter of concern is that the share of self-employed people in the workforce has increased
---------------------------------------------------------------------------------------------
Read Radhika Pandey's column here : theprint.in/macrosutra/in-ind...
---------------------------------------------------------------------------------------------
Exclusive content, special privileges & more - Subscribe to ThePrint for Special benefits: theprint.in/subscribe/
---------------------------------------------------------------------------------------------
Connect with ThePrint
» Subscribe to ThePrint: theprint.in/subscribe/
» Subscribe to our CZcams Channel: bit.ly/3nCMpht
» Like us on Facebook: / theprintindia
» Tweet us on Twitter: / theprintindia
» Follow us on Instagram: / theprintindia
» Find us on LinkedIn : / theprint
» Subscribe to ThePrint on Telegram: t.me/ThePrintIndia
» Find us on Spotify: spoti.fi/2NMVlnB
» Find us on Apple Podcasts: apple.co/3pEOta8
Before subscribing and joining, The Print should be put in a washing machine. All programs of Economist Radhika and TCA Sharad are excellent. RBI and Govt work hand in hand which helps the economy. Many people are aware that there are issues in the economy but that is normal and all economies face similar challenges. Indians are confident and aware that there is a sincere desire and attempt to resolve issues and achieve progress.
Yes bhaktard, that is why 36% students of IIT B are unplaced
@@adolft_official as per IIT Bombay only 6% remain unemployed.
The data was based on IIT Bombay Alumnus whatsapp group
Fun fact- 15 hours of this knowledgeable video posted but only 91 likes. How much we are serious to make wealth for us. 😅
TCA's show in CZcams is best,also Radhika is great
Essentially, you are saying that the optimism of the public is not wholly supported by data.
Are personal loans rising because of push by banks, NBFCs; better accessibilities; rising consumerist culture or any other reason? This may need investigation. Why should rising self-employment be of concern? Isn’t it better or even a sign of people moving from ‘naukri’ for some one else to a proud self-employment, or even indicator of small loans available to people including women for starting own small business?
I guess the worry is that the quality of self employment is horrible. We see many people with degrees like Btech, MBA etc opening up Chai stalls. Although it's better than no work, but the government doesn't earn a single penny from these hawkers; even if they become rich selling tea
Crude price is expected to hit 100$ with Middle East geopolitical tensions.
Hi can u pl explain where was unsecured credit being used ? With the clamp down , how that expense is being managed ie from where the credit is coming.
Thank you radhika madam and sharad sir for bringing the economic issue of our country.
I am already paying to the Print on best of my financial ability
Anyone including self-employed has access to social-security via prudential financial instruments like NPS, PPF, Mutual-fund/Equities...
What about the main anchor pleading other professionals to write lies about Modi Government like he did before elections in 2019???
Optimism in an economic article......I guess nobody likes hard unemployment numbers in this era......I miss the times when journalists would criticise the shortcomings of a government rather than applaud them..how do we move forward then.... everyone from the Chinese and the Singaporeans are leaving us behind in terms of per capita income.....how do I personally get forward in the world with optimism only...
If you are a worshipper of 'advance' countries like America, do look up the widely followed University of Michigan Consumer Sentiment Index. Positive sentiment is both a portent and an engine of growth.
Support easy land acquisitions, support private investments in agriculture, support hire and fire labor laws. Incomes will increase.
O Bhai mere,tu apni situation janta h ya m Teri financial situation janta hu,agr tu credit card spending krra h,toh apni situation Jaan k krra hoga n,awaii andha thodi kharch krega😂😂
“India’s soaring income inequality is now among the highest in the world. The gap between the haves and have-nots is starker than in the US, Brazil and South Africa, and worse than in the country’s own history under foreign rule.”
-Bloomberg March 26, 2024
Name of Bloomberg columnist, please? Must be some typical leftist scaremongerer. If our inequality was bad, then we would be having riots like South Africa.
And inequality doesn't mean poverty. India has eliminated extreme poverty under Modi govt.
Rich will always become richer. But poor are also becoming less poorer, and entering middle class.
🤣🤣
Notice an ominous low background sound when the expert was talking about inflation coming down?
:))) yes...
@@nijoodubey3164 subliminal messaging? :)
Surveys done bh rbi will obviously show positive signs for ruling party
interview parakala prabhakar, my dear corporate internet godi media.
He was interviewed by his favourite The Wire itself. Half the time he was talking politics. Then remaining he spoke about typical stuff like inequality, unemployment. But he provided ni solutions. The current govt has implemented reforms and encouraged manufacturing and Free Trade Agreements for exports. And many other reforms will be done after elections.
Problem is you are pro bjp
BJP se donation mil gaya kya ? ... So much oxymoron in one video .. Household expects their expenses would increase but are optimistic that inflation would slow down . Kuch bhi
So whats your opinion? Stop getting information from whats app kid.