What are the current challenges facing the Indian economy? Is the GDP growth crash to a near-two year low of 5.4% recently a temporary setback? Or is there something more fundamentally wrong with India's growth? In this 65th episode of @thebondeconomist, we do a detailed analysis of how India is in the middle of a cyclical slowdown, how the middle class is the central piece of the jigsaw, if the government and RBI have contributed to the slowdown, and what is the urgent policy course correction needed.
#news #growth #indianeconomy #slowdown #modi #indiagrowth #stockmarket #middleclass #india #consumer #rbi #interestrates #thebondeconomist
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My channel in a nutshell:
@thebondeconomist aims to give a running commentary of what's going on with the Indian and global economy, broken down in simple terms for the general public to understand. Economics is a bit like antibiotics - you need to know what you're swallowing. There is currently a big gap between the economic analysis done for financial markets, and what's available for the general public. And this space typically gets filled either by shrill pro or anti-establishment commentators or by finfluencers. @thebondeconomist is here to bridge that information asymmetry. It aims is to explain the nuts and bolts of how economics unfolds in real life, translate how financial markets are processing economic news, and events in real time, and the right questions that you need to ask.
Stripped of jargon, stripped of political bias, and served with a touch of irreverence.
My credentials:
I am an investment bank economist with nearly a decade and a half of experience tracking the Indian economy. I have a PhD in Economics from the Delhi School of Economics and two Masters' degrees - one from the London School of Economics (MSc Finance and Economics) and the other from the Delhi School of Economics (MA Economics).
Find me:
For my news channel appearances and newspaper opinion pieces - join me at [ Ссылка ]
Seek me on Instagram - [ Ссылка ]==
Chapters:
0:00 Signs of growth slowdown
2:19 Why some think this is temporary
4:01 Indian consumers have been on steroids
5:27 Premiumisation of the Indian consumer
6:40 How banks and NBFCs created a bubble
8:07 How the bubble has burst
10:30 How the government is also responsible
13:14 Course correction needed ASAP
Data sources: RBI, PLFS surveys, The Economic Times, Business Standard, Mint, CNBC-TV18 and other similar media outlets.
Music: Inshorts and YouTube Audio Library
Note: The information provided in this presentation are my personal views and should not be construed as the views or advice of my employer. My employer is not responsible in any manner and does not assume any liability or responsibility on your reliance with respect to the information stated here.
