How is India's Economy Developing So Fast? IT Sector, Startups, Demographic Dividend

India's Economy is Booming. India is the Fastest Growing Major Economy in the World. India is the Fifth Largest Economy and soon India will be the Third Largest Economy in the World. In this video we will cover India's Economic Journey from 1947 till 2023 and analyze how has India achieved this phenomenal growth. We will also analyze factors that India still lags behind and need to work upon as India plans to become a developed nation by 2047.

India has lifted over 410 million people out of poverty in a span of just 15 years. India's GDP has surged by 9-fold in the past 30 years, a growth rate leaving even the most advanced economies green with envy. India is a demographic force that's set to become the world's largest working-age population by 2027, a potential labor pool that eclipses the combined workforce of the U.S. and Europe.

Chapter 1: India's Past
Soon after its independence in 1947 India decided to implement License Raj. License Raj crippled the private sector of India and also India's economy. India also kept its borders shut to foreign companies for close to 40 close from its independence. India focused on a centralized governance model heavily reliant on State Owned Enterprises. But that model failed, leaving India in a Balance of Payments crisis.

Chapter 2: India's Present
After securing loan from IMF in 1991, India abolished the License Raj and opened its economy to foreign companies. India also travelled leaps and bounds in Agriculture with its Green Revolution and White Revolution. India's Information Technology, IT Sector, became the single most important factor in India's Transformation. India now has a thriving Startups ecosystem, India ranks third in total number of startups. With nearly 65% of the population below the age of 35, India possesses a potent demographic dividend. India's Financial sector has witnessed significant expansion, with a well-regulated banking system and a thriving stock market. But India faces challenges such as Income Inequality, Access to Quality Education, Poor Physical Infrastructure, No New Reforms in Agriculture, Access to Quality healthcare, and Poor Pollution and Environment Management.

Chapter 3: India's Partners and Opponents:
The Indo-US alliance is often termed as the 'defining partnership of the 21st century'. It encompasses defense, trade, technology, and a shared commitment to democratic values. Going forward, it is in India’s favor to further fortify this relationship. However, equally important for India, is its relationship with Russia. A time-tested ally, the Indo-Russian friendship also encompasses multiple sectors such as defense, space exploration, and economic collaboration. China's rapid rise as a global superpower necessitates a delicate balancing act for India, especially in the context of border disputes and economic competition. Then comes India’s proxy wars with its western neighbor. India's relationship with Pakistan remains fraught, with the specter of terrorism perpetually casting a shadow over bilateral ties. The Quadrilateral Security Dialogue, or the Quad is at the top. Quad brings together India, the US, Japan, and Australia to foster regional stability, economic growth, and democratic values. Then there is G20, India's seat at the G20 table empowers it to shape global economic policies and advocate for reforms that reflect the interests of emerging economies, specially Global South. And then we have BRICS. As a member of BRICS, India participates in a grouping that represents over 40% of the world's population, offering immense economic potential and a platform for South-South cooperation. BRICS also gives a platform for India to have tough but necessary dialogues with China. Let’s also not forget other alliances that have lost their charm in recent years but still attract a lot of political clout. Some of the prominent ones are the United Nations, the South Asian Association for Regional Cooperation, and the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation.

Timecodes:
00:00 - Introduction
01:25 - India's Past
07:15 - India's Present
13:50 - India's Partners and Opponents

[bengaltiger-kjmq]

One of finest and truthful presentation I've rarely seen. Please keep up with your channels truthfulness and integrity.

[ataguas]

Thank you for showing the correct map of India. Subscribed. Don't go woke in the future and mess with the Indian map. We are very sensitive of our territorial integrity

[SupremelyAverage]

Huge thanks to Reliance JIO to make internet cheap an easy to access. It opened a whole new world which people weren't aware of.

[harishjhaveri]

Under PM Modi leadership India has progressed significantly in everyway possible including defense manufacturing industries in India including various space missions. Jai Hind 🇮🇳

[LearnwithMohit]

Thanks for the correct map of India and representation of India . love it.

[josephchacko]

Another important factor which kept the Indian economy saddled was the RBI controlled foreign exchange rate. As one born in the 1950s and faced the hardships in subsequent years, I wonder ( or curse) the wisdom of then government advisors whether they were amateurs, fools or someone else..

[akp]

Those lines “whole nation fasting to keep self respect”

[clp]

I am from India and was really surprised to find honest, in-depth and captivating video I have ever seen from any foreigner. Lots of love❤❤❤. Yeah Mr Modi is the change; the harbinger of billion hopes, Avtar of Hindus cultural aspirations and the Saint amongst sinners corrupt politicians! Please do make videos about cultural and knowledge heritage of India or more aptly Bharat!

[jayjoseph]

Modiji’s unique and visionary gifts of leadership 👍❤️🙏❤️👍

[Kashmiri_pandit]

India has the most advanced digital infrastructure in the world.
UPI has gone global...

[seshadri.j]

To reduce income inequality, political party should stop giving freebies and make population to work. Unless population work, nation wont grow.

[prallhadmondal]

This is our motherland . We are so proud of her ❤🇮🇳

[SurajGupta_D]

We came a long way since 1947, still a long way to we are determined to turn our country into the Golden Bird it used to be

[sarangib]

I'm surprised by the amount of factual details in the presentation. One has to be an avid India watcher over a long period of time to be able to put together such a presentation with precise details and incisive analysis. Great work. Kudos!

[mysteriousboy]

Thank you so much
A lot of love and respect to you ❤
From India 🇮🇳

[pdev]

All success and growth can be attributed to current pm Modi. Nothing else matters

[incastinc]

The secret to India's fast growth is Information Technology. Digital economy and ON-DC are great. The next most important
thing is the digitization of education for 1.4 billion citizens. The benefits will be huge. Digitized AI lessons at The US university, (practical and industry applicable) level on YouTube. sold all across India for a price.

[vishvanathnaik]

THIS VIDEO IS ABSOLUTELY AMAZING, I'VE NEVER SEEN SUCH NEATLY UNBIASED DETAILS SHOWN IN ANY CONTENTS SO FAR. BIG THUMBS UP TO YOU!!!!

[debduttbhattachargee]

Congress Government for years are responsible for License raj & keeping economy in doldrums for Decades!

[soubhagya]

You've told something anti-western.
Bcz people living under ro... I mean bbc, cnn, WSJ etc. think India today is what it used to be in the 80s.