Sep 07 2024 93 mins
Over the last decade, we have been getting news updates, social media highlights, and WhatsApp forwards about India being the “fastest growing economy” in the world. IMF, World Bank, and ADB have confirmed this. The question is, in the face of demonetisation, GST, and the drastic shift of focus to the organised sector from the unorganised one, is this data a true reflection of India’s economic reality?
Today, Neon talks about these facts with Professor Arun Kumar, a renowned author of economic titles and an Economic Professor at JNU.
Watch the episode to know more!
Timestamps
0:00 - Introduction
0:14 - Introducing Economist Arun Kumar
0:40 - Current scenario of India’s Economy
1:25 - South East Asian countries' growth from 1947 as compared to India?
3:31 - Proof of India’s failure in education system
5:20 - How can India develop education & health?
8:48 - Does India really have “TOO MANY” billionaires & why is it a concern?
9:24 - The journey from becoming a “developing” nation to a “developed nation.”
10:51 - The “Bottom-Up Approach” - What’s that?
14:00 - Growing chasm between high-earning & low-earning category?
15:22 - Is the current budget failing to fund labour-intensive sectors?
17:03 - What’s the unorganised sector in India?
17:47 - What are the Micro, Small & Medium Sectors in India?
18:33 - Robot uprising vs human employment!
21:03 - What are the 4 types of unemployment in India?
23:27 - 60k jobs and 47 lakhs applicants ?
27:20 - Is GDP a proxy of the organised sector for the unorganised sector?
30:03 - Demonetisations hits the unorganised sector
32:12 - Is IMF, World Bank & ADB’s version of India’s fastest economic growth true?
34:25 - Black economy = Digging holes & filing holes
40:40 - India should have been 8X its current economy - how & why did we fail?
42:31 - Are we really a 3.6 trillion dollar economy?
51:11 - How can we help the unorganised sector generate more income?
1:01:48 - Bottom economy = 40% of the Goverment’s vote bank & yet not the focus of development & growth? Why?
1:05:26 - Why does the government want to help the organised sector?
1:11:38 - How will India transform into a “developed” nation or double the GDP per capita?
___________________________________
Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys.
Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes.
We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings.
__________________________________
Visit our Website: https://neon.fund/
Follow us on Instagram: https://www.instagram.com/theneonshoww/
Follow us on Twitter: https://twitter.com/TheNeonShoww
Follow us on LinkedIn: https://www.linkedin.com/company/beneon/
__________________________________
Sponsor Shout Out
Looking to build a differentiated tech startup with a 10X better solution? Prime is the high conviction, high support investor you need. With its fourth fund of $120M, Prime actively works with star teams to accelerate building great companies.
To know more, visit https: