K V Subramanian On How Can India Be $55 Trillion Economy by 2047 | Future.Female.Forward | CNBC TV18

In this segment of Future Female Forward- The College Connect, Shereen Bhan in a conversation with K V Subramanian, CEA & ED, IMF on economic growth, gender parity, India as an economic power house.

#futurefemaleforward #futureishers #genderparity #poweredbyparity #economicgrowth #indiaeconomy #indianeconomy #cnbctv18

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[sundareshanal]

The man is courageous and is willing to state his opinions in public . He can be held to his word even 5 years from now. Let's pray his prediction comes true at least to a fraction of what he claims.

[globalcitizen]

If you're using the japanese growth between 1970-95 as basis for India's future growth, Your entire theroy is flawed. Those were the early globalization days. Now, the trend is reverse. Countries bringing supply chains to local.

[samdam]

Keeping in mind of india political dynamics & quality of the industry/workforce i say is just this is just humbug.

[EvaKaku]

Exactly inflation 5% gdp minimum 8% consequtive growth

[BBS_z]

Exactly
Inflation 5℅
GDP Minimum 8℅ Consequtive growth
Nominal GDP 13℅

Currency depreciation 1% against dollar

Net Net Consequtive Nominal GDP growth 12℅ for next twenty 24 years we may easily reached over $ 50 trillion

[TruthTeller]

Stop dreaming for 55 trillion economy and start from basics which India is completely missing even after 75 years of independence there is no sign of improvement in basics.
- education, education and education
- moral and ethical education
- hygiene both social and personal ( take shower, use deodorant, keep your neighborhood clean, and stop littering everywhere)
- civic sense ( starting from school to elders)
- population control ( stop breeding if you can’t feed)
- uplifting from poverty program.
- end of bureaucracy and government service agencies
- anti corruption laws
- digitized every government processes and serviced with complete transparency.
- speed and skill to execute.

[manikandanm]

Sir. How will you give land at a cheaper rate for manufacturing. Its very expensive because both ruling and opposite political leaders own them

[ssr]

If Indian banks give loans below 5% of interest. MY INDIA ROCKS

[aniljagruth]

states r inefficient in addressing issues and no vision on reforms importance...

[fe]

These peopke claiming things after 25 yrs, looks outrageous...let us first tell the world ehere we will be in 2030...They won't because...at 2030 everybody will be attentive and will ask questions ??? Non sense...

[ssr]

Just India has to take 30 trillion dollar debt & maintain 34 trillion dollar economy by gdp. That’s it

[deepuvelayudhan]

I hope people ll elect modi like strong pm to achieve this goal.

[rameshpudhucode]

I don’t understand this math. Currently are we growing at 13% or at 8%. If 8% is correct and if we maintain for 23 years still no way we can reach 55 trillion

[tappude]

Only talking demographic dividend
At higer labour price how can I build a manufacturing unit
Never
Labour price has to be lowered
Which is impossible 😮😮😮

[aschauhan]

First off you think think about your gov promises in 2014 what we are achieved in2022 . doubleincome formers, 5trillon economy, 100smart city😂😂 total utopian dream by this economist

[abhipara-nk]

If N is it 38 to make a one dollar and then its progress to have 85 and to create a one dollar Dal it’s basically death vitiated I’m not appreciate it so I am wondering how is the Indian have appreciated respect to

[sivak.d]

Why stop at $55T make it $100T. Assume no oil imports in 5 years, so CAD positive, ₹ appreciates! Also, GDP is like bank FD, and will grow without any effort!

[Dronzer]

I can see a very stark image here, a man who is shining brightly because of his WORK and a woman who is only there because of her GENDER, FACE, IDEOLOGY and COLOR!
Such a wide gap.

[MahadevBANERJEE-usmp]

He's quoting all wrong numbers....and making outlandish predictions....the main line of argument he is missing out on is the rate of depreciation of the Indian Rupee(INR) against the US Dollar(USD)....he is assuming a Rupee depreciation of just 1% annually which is just not the case historically....if we go by very Long Term Data on Rupee Depreciation, the INR has Depreciated from Rs 26 to a Dollar in July 1991 when India officially Devalued its currency during the 1991 Balance of Payments (BOP) Crisis to Rs 83.90 today, it gives an annual rate of depreciation of 3.6138% of the INR against the USD over the last 33 years....which is roughly the difference in Inflation Rates between the US and this is the Long Term rate of Depreciation of the Indian coming to the GDP figures for the Indian economy, going by the Government's own numbers, the Budget presented in Parliament by Nirmala Sitharaman assumes a GDP for the FY 2024-25 of Rs 330 Lakh Crores....all Tax Revenue and Deficit calculations are based on this with a GDP growth of 7.2% (CSO figures) and Inflation rate of about 5-5.1%....this gives us a Nominal rate of GDP growth of 12.56% annually....so, at this rate of GDP growth, over the next 23 years until 2047, India's Nominal GDP in 2047 would be around Rs 5016 Lakh Crores ( 5, 016 Trillion Rupees) compared to 330 Lakh Crores (330 Trillion Rupees ) Depreciating the INR at its historical rate of Depreciation of 3.6138% observed over the previous 33 Years, the INR is likely to be valued at Rs 189 to 1 US Dollar in 2047....which gives a GDP of $26, 540 Billion or $26.54 Trillion in 2047 ( Projected Nominal GDP of Rs 5, 016 Lakh Crores in 2047 divided by Rs 189 to a US Dollar Exchange Rate) and not the $55 Trillion that he is fact, even PM Modi's 'AmritKal' target of growing India's GDP over the next 23 years is only $30-$33 Trillion and not $55 Trillion as this guy is gung-ho about....The $55 Trillion GDP number simply does not add up according to Historical Trends....not to mention the immense Risks involved in making such Ultra Long Term Projections in Macro Trends such as GDP Growth and Per Capita are too many variables that could spoil the party over such a Long term period....things like Wars, Social Unrest and Regime Changes of the kind currently being witnessed in Bangladesh could make all these projections go