How Strong Is India's Economy?

For decades now economists have been predicting that India would become an economic superpower, and in part, it has. India's workforce is younger than China's and wages are lower meaning they have been well placed to take low ticket manufacturing jobs from China. But could we expect to see India's economy grow and possibly even surpass China in the next decade?

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[Bffakaduck]

weekly dose of hearing "no one can predict the future, least of all economists" 😂

[ska]

*India* 🇮🇳 disappoints both optimists & pessimists . It has a very Indian style of growth . All metrics in India vastly improved in past 30 years yet if compared with Asian Tigers and China, growth is slow .

[prajwal]

Used the cheat code India, for the last minute view bump

[andrewalexander]

I feel bigger work force won't help the country if there is no work to do in the first place

[bigansh]

kinda funny how this video is sponsored by an indian startup 😂😂😂

[mayank.]

Chinese version of liberalisation was done 13 years before india in 1978 plus china is a communist regime while india is a democracy so decision making is always slower, and i believe that when china industrialised it had no competitors, west was looking to outsource and china was the only option while if india wants to industrialize we either have to create domestic companies or take business from China, both i think are more difficult to do than what china did.

[Red-kitk]

I'm an AI vendor in the UK and a lawyer, too. More and more companies have outsourced their legal, finance and other functions to India. When we were young we thought it was call centres only. This has changed lots during COVID. More and more items of advanced technical capability are being sent to India or the Philippines. The end client (the corporate or the end client) couldn't be happier as they face pressure to drive down costs and this does that.

[joelopenshaw]

calling sewing "unskilled" but watching people shop "semi skilled"

[siemdecleyn]

"outsourcing bad, AI good,
For some reason"

👌

[bennettliu]

I'm starting to sense some lazy writing, 12:43 "Putting the labor force over the total population gives economists the labor force participation rate."
This is just blatantly wrong, labor force participation rate comes from labor force over the working age population, NOT the total population. If the channel is about explaining economics, you should take care to correctly explain these metrics.

[rachitkumar]

POV: you're trying to find comments about the wrong map mentioned by others but can't find any

[sweetayu]

My first ever employee was a lady in Bangladesh, she was all I could afford at the time, but she ended up being incredible and is still with me to this day.

[Mrbombastic]

I live in a small town and we are family of four, biggest reason my mom didnt choose to work was my father's salary was enough for us . Dad buyed agriculture land, built house, hepled other family members with salary . Now my brother has got job but due to high cost of living and assest creation for his future son he expects a earning wife . So yes things are changing in our society . Most sought-after job for women india is teacher where she go to same school as her kids and it provides extra cash in house along with a sight on kid .

[HeviltheDevil]

It’s almost as if high female participation in the workforce increases your labor force in the current generation, but decreases your labor force in the next. 🤔

[Prajwal.K]

Bro really dropped this a day after mains results where majority of our youth is depressed and want to leave the country lol

[madma]

double the workforce does not mean doubling productivity... UK is a prime example of this.

[faridoon]

You forgot to mention that women being mothers in India is why its population growth has steadily increased whereas countries which have women working find it harder to have children or as many e.g. China and Japan. I would say that over long term, that is a strength to have steady organic growth than a 100% increase for a short term in the workforce because say washing machines are now being utilised and then face an ageing population because the working womens culture now means less children are being raised.

[ycplum]

A female Indian architect at work was telling us how many parents in India sees a college education for their daughters solely as a means to make them more appealing for a prospective husband. They are not expected to actually go into the workforce.

[PrashanthB-bilc]

To make a point about women participation in workforce, one big aspect is of course the cultural norms in a patriarchal society, where men and women have defined roles.

Another factor is, for a long time, in most of India, the cost of living in India was cheap enough that a family of four could live comfortably on one person's salary. My mom was working after education. She decided to stop doing it after child birth. My dad used to work at an average paying job. But, he was able to build a house and pay for our education.

But times have changed now. The cost of living has increased so much that it is almost impossible to lead a comfortable life in one of the big cities without both partners working. I bet female participation in the workforce will increase as the country continues to grow.

[sumanchoudhary]

I am very disappointed that so many people in comments section both Indians and Non-Indians are just arguing for nothing. India is doing right in many places and there are still many mistakes that needs to be corrected in many places but these people are not interested about discussing about these points based on facts. Most of the people in comment section are just sharing personal opinions and not facts and trying to mock each other. I am really disappointed that despite the high quality of content this channel provides us for free, some people can never change because they just do not want to change. For them they are above all(I am saying this for both Indians and Non-indians as you can find both down in the comment section.)