India: The Next Economic Superpower

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India is soon to be home to the largest population of citizens on the planet. And as of 2014, the nation will also hold the title of the fastest-growing major economy in the world (stealing the title from the slower-growing economy of China).

This country has had an amazing journey to get to where it is today. And with the right political governance, it's very likely to become one of the world's most powerful economies very soon. But, it's not quite there yet. And in GDP terms, India's collective economy is still smaller than that of California.

And while poverty is a very prevalent problem, India's certainly on the up and up. Throughout the past two decades, it has seen unbelievable levels of growth that has, among other things, pulled hundreds of millions of its citizens out of poverty.

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📚 Want to learn more about the economy of India? We recommend reading "RESET: Regaining India’s Economic Legacy", by Subramanian Swamy

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Sources & Citations -

Dreze, J. and Sen, A., 1999. India: Economic development and social opportunity

Tomlinson, B.R., 1979. The political economy of the Raj, 1914-1947: The economics of decolonization in India

World Economic Outlook Database, April 2019". IMF.org. International Monetary Fund. Retrieved 29 September 2019.

Bose, S. and Jalal, A., 2017. Modern South Asia: history, culture, political economy

"Human Development Report 2018". United Nations Development Program. Retrieved 23 September 2018.

Wiener, M., 2015. State politics in India (Vol. 2370). Princeton University Press.

Cassen, R., 2016. India: population, economy, society. Springer.

Griffiths, P., 2019. The British Impact on India. Routledge.

Drèze, J. and Sen, A., 2015. An uncertain glory: India and its contradictions.

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See new videos early, participate in exclusive Q&As, and more!

[vidhuarora]

Good old days, when $1.8 Billion used to be the bailout money for an entire nation, not just a single corporation

[katyoutnabout]

I like your optimism and realism. Every other video you watch on youtube is like “new economic power, its the end of the world” and youre just like “nah mate, its all good”

[waveculture]

Correction Request: We don't just have different dialects but completely distinct languages with seperate scripts.

[cokedupnormies]

"bad mix of worst of communism and worst of capitalism" man as an Indian living in india yea that's very fkn accurate ggwp

[MerganNaidoo]

You should do a video on the disastrous state that the South African economy is in.

[bw]

The British left them with the English language... and also a never-ending dispute with Pakistan. Hooray.

[predator]

Though I am only 25 and an Indian, when I was young I always wondered why there was a sudden boom in the 90's and why wasn't before that, I asked my parents and older people but no one knew why except the two words 'privatisation' and 'globalisation ' and I asked again why would that happen in the 90's and why not before, some said it just happened on its own and some even said the great government at that time made monumental decisions to that made India what it is today, but tbh I wasn't really convinced with all those answers, I was searching for a long time in the internet but I understood one thing, the fall of the Soviet Union has something to do with this but I wasn't sure what it was, but 'thanks mate' you shed light about the 1.8 billion dollar loan from the IMF and the complete change in Indian economy after 1991 ✌️🙏🏻

[shutout]

Understatement of the century "Corruption is something that international corporations can deal with"

[tanmayjyothis]

1:08
Actually a century under the British empire. There's another century under the East India company rule, totaling to a grand total of 200 years

[TheDragster]

While India has a President that position is mainly titular
The head of the state in practice is the prime minister

[kkx]

"India took the worst of capitalism and communism"

[rishavbadola]

While India had massive growth, there was a period of 5 years when inflation was greater than growth so thats one problem

[hussey]

How to grow your YT channel?
Step 1: Make a video on India
Step 2:Enjoy!

[Leon-pnrb]

Respect to India from Brazil. The world needs another powerful rising democracy

[lixautofix]

Greetings, India! Jai Hind!

<3 from the Philippines.

[diedertspijkerboer]

I will go out on a limb here and say that businesses investing in developing countries because of cheap labour is a good thing.
Yes, I see the problems, but if these countries are governed well, they won't stay a developing country for very long.
Once the available labour force is working in all those newly created jobs, competition over labour will start, which means that wages go up. This can eventually lift the entire population out of poverty.
Also, other ways to lift countries out of poverty have been tried and none of them have worked.
The only serious worry I see is the environment, but India actually has quite ambitious environmental goals.
If India can keep up its growth and protect the environment at the same time, that would be amazing.

[unflexian]

1991: IMF loans 1.8B$ (3.4B$ today) to India to stimulate its economy.
2019: IMF loans 4B$ to Ecuador to let America arrest Assange.

[Shaurya_Pant]

Wow, as an Indian, I've never heard such an optimistic review of our past, analysis of present and projection of the future.
I wish that all goes well, and the downturns of the present pandemic would soon be overtaken by thr prospects of a better tomorrow.
Thankyou for this video, this made my day. ♥️

[Gadavillers-Panoir]

Love from Sri Lanka. Hope some of that economic growth up north would trickle down here as well.