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461,363 Views • Apr 25, 2024 • Click to toggle off description
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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Views : 461,363
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YouTube Comments - 2,407 Comments
Top Comments of this video!! :3
weekly dose of hearing "no one can predict the future, least of all economists" 😂
1.3K |
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 .
1.2K |
Used the cheat code India, for the last minute view bump
368 |
kinda funny how this video is sponsored by an indian startup 😂😂😂
1.4K |
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.
421 |
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.
400 |
I feel bigger work force won't help the country if there is no work to do in the first place
339 |
calling sewing "unskilled" but watching people shop "semi skilled"
655 |
"outsourcing bad, AI good,
For some reason"
👌
715 |
POV: you're trying to find comments about the wrong map mentioned by others but can't find any
473 |
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.
216 |
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. 🤔
25 |
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.
95 |
Bro really dropped this a day after mains results where majority of our youth is depressed and want to leave the country lol
383 |
Re: Women. Women drop out of the workforce once household income reaches a certain threshold. There's a ILO paper that talks about the region. It is a cultural preference but it will improve dramatically over time.
24 |
I told you that these guys in the comment section doesn't feel bad for India's Economic Growth, but they are crying hard for showing the Wrong Map of India. 😅😅😅
793 |
double the workforce does not mean doubling productivity... UK is a prime example of this.
59 |
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 .
13 |
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.
66 |
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