Why India Has Such A Big Informal Economy | Sankrant Sanu | SangamTalks

This Colonial State is in fundamental conflict with the Indian civilization and its symptoms are everywhere, in the Collegium System of an elitist Judiciary, in the State sponsored linguistic apartheid, in the deep-rooted corruption intrinsic to every arm of the State and so on. By examining the legitimacy of a colonial apparatus imposed on the unsuspecting millions of India, Sankrant Sanu brushes out one of the most uncomfortable questions from under the carpet - are we Indians truly independent?

About the Speaker : Sankrant Sanu ji is an entrepreneur, writer and researcher based in Seattle and Gurgaon. His areas of interest include history, religious and cultural studies, entrepreneurship and technology. Sankrant has been actively involved in writing, consulting and social projects. His writings have appeared in various publications in India, USA and UK.

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[shaa]

He is correct i want to register my small scale industry in my village but so much rules and constant maintenance .
Govt officer's are fully corrupted and to lazy do not do any work

[sridharsanthanam]

Formal business is only catering to ego. Who wants big and smart businesses, unless the stakes are big, complicated and capital intensive, with outside borrowings? No one wants to be enslaved. Indian culture is different and doesnt want dependence on any isms. It will flourish as an independent module . The topic is interesting. Formal business models are slavish and control oriented . Let business people not do postmortems. Instead let them focus on creativity and their business.

[nishantintouch]

Any comparison of US with India is atleast 30 years young.

[nicknara]

Hi fren u didn't know that ROME was not built in ONE DAY. U got to start somewhere, especially when the CONGRESS have done so much damage

[svariar]

india should reduce its dependancy on english language and laws and go back to vernacular english die out and indians will innovate in their native english speaking countries are already in long term decline and will lose their importance in the future

[sriramkumar]

When ever Modi gets mood, he will do a note Bandhi, then what will happen is all informa business only.

[Ab_someone]

That's why are need lateral entry in administration & beauracracy. Time to end reservation

[sridharahullumane]

अपने व्याख्यान मे मेरे कयी प्रश्नों के लिए समाधान दे दिया.... धन्यवाद।

[jcd]

Thank you yet again for pointing out a unique perspective on these kinds of issues

[devrajan]

Iam not for excess Gov regulations but our society is not self-compliant self-regulated either.
Suppose If Gov says no Income tax henceforth but just pay 2% tax on Bank fund transactions, with some exemptions obviously, we all would be in Que to withdraw our money and start paying in Cash to avoid even 2% tax, to the fullest possible extant.
Its not that state is immoral and we are moral, after all the State is made of us!

[PramodPandit-yzni]

The mentality of the ruling class in India has not changed at all from Mughal times. British simply added a layer of corruption and looters for a few years, and now the old Hindu system that kept the majority of Indians poor, uneducated, and suppressed has reinstated itself. Today the Indian Economic "Talk Shows" look like cat fights, and political shows are even worse. With third rate politicians running family businesses masquerading as political parties can improvement be expected? BJP is an exception, but with their success in centralizing power in the PMO, the effects will be exactly the same as when the venal corrupt Congress and other parties were running things. With accountability so far away in Delhi, the corruption and malfeasance will continue unabated, and local politicians cannot be held to account. Cities don't have empowered Mayors, so Indian cities are to a very large extent slums. Mumbai - the "Financial Capital" of a "Rising Superpower" looks and smells like a slum. As more of us have the opportunity to travel to other countries we should be asking why things are the way they are, and hold local politicians to account. But of course, that cannot happen. Cracking down on corruption will change things overnight, but that cannot happen without the political will to sacrifice for the country. That political will does not exist today.

[sindhureddy]

you can complain about issues in India but stop comparing it with the USA.That is the ridiculous thing to do.

[aanchalkimtani]

Being an econ student, I agree completely!

[sheshl]

Why the hell one have to go through such ordeal for registering a company. Now everyone have Adhaar card, simply make use of it and allow people to register through online portal. Why do I have to produce electricity bill? That mean a person from one place can't start a business at some other place, ridiculous.

[D_is_Reality]

I Always proud feel these informal economy. No power from world can destroy this informal economy. यहा होलीमे ही सुखा गोबर बेचकेही करोडो रूपये जनरेट होते है | ये तो सिर्फ एक उदाहरण है | This is the best economy system in world.

[MayaMatrixMuktiManifestor]

Hard to believe the obstacles are so elementary in their flaw. eg. GST only in English? C'mon, seriously? Incorporation still do difficult? I'm not buying everything he said.

[robertmitchell]

Ease of business index
India lags at the bottom quarter percentile