There was a pitch for an aspirational India, that got Modi to power.  We need to examine these ideas.  An Interview with Sanjeev Sanyal. with a Youtube "influencer"

  https://youtube.com/watch?v=3Lgf2WHstBY   India's plan to reach a 10-trillion dollar economy. He shares his point of view on India's growth in the past decade and why India is lagging behind Germany.

What is India’s approach to become a 10 trillion dollar Economy? https://www.youtube.com/watch?v=3Lgf2WHstBY&t=202s. What we have done different entry in past 20 years because of which this compounding is growing?

The understanding of the previous economic logic:  What was it like to do business in 90’s compared to today? https://www.youtube.com/watch?v=3Lgf2WHstBY&t=1097s  Government thought they will tax rich and pass benefits to poor people?  What is Hindu rate of Growth? 31:37 Why has more exports Germany than India even after having less population?

35:10 What is trade oriented infrastructure ? https://www.youtube.com/watch?v=3Lgf2WHstBY&t=2110s   41:23 What is red Tapism? 42:00 How Germany Reached such Heights with Mittelstand companies?

Why is India’s MSME sector struggling for capital?  https://www.youtube.com/watch?v=3Lgf2WHstBY&t=3135s

56:00 Why is our education system So Incompetent ? https://www.youtube.com/watch?v=3Lgf2WHstBY&t=3360s

GST is consumer tax and not producer tax? https://www.youtube.com/watch?v=3Lgf2WHstBY&t=3925s

   https://www.tribuneindia.com/news/punjab/farmer-leaders-from-18-states-resolve-to-oppose-gm-crops/amp  Farmer leaders Kavita Kuruganti and KT Gangadhar said the present government should hold consultations with all stakeholders before finalising a national policy on GM crops. “In fact, we need is a biosafety policy, not a policy on GM crops. In 2009, public consultations were held by the then Congress government and the introduction of Bt brinjal crop was stalled,” they said. 

Read more …

   https://www.tribuneindia.com/news/punjab/farmer-leaders-from-18-states-resolve-to-oppose-gm-crops/amp  Farmer leaders Kavita Kuruganti and KT Gangadhar said the present government should hold consultations with all stakeholders before finalising a national policy on GM crops. “In fact, we need is a biosafety policy, not a policy on GM crops. In 2009, public consultations were held by the then Congress government and the introduction of Bt brinjal crop was stalled,” they said. 

Read more …

No Major Problem With Sebi's Response to Hindenburg; Cannot Say Sebi Did a Bad Job:
Aug 24, 2024
"I have no major problem" with SEBI's handling of Hindenburg allegations; "I cannot say SEBI did a bad job": former SEBI Chairman, M. Damodaran, to Karan Thapar for The Wire. Speaking specifically to a question whether SEBI did a good job investigating the price ramping of Adani stock before Hindenburg, Mr. Damodaran said: “I cannot say SEBI did a bad job”. but says that this is on the basis of the information that he has before him....Issue revolved round disclosure and recusal. Both these were addressed by the SEBI statment..

India's GDP: Whose GDP Is It Really? with Rathin Roy | How India's Economy Works | The Core Report  https://www.youtube.com/watch?v=e4UVuOPSM0w   Rathin Roy about India's economic growth and challenges, the country's economic transformation, the need for inclusive development, the growing disconnect between the masses and the growth process

the impact of big tech companies like Google and Meta on market competition in India and the recent antitrust ruling against google. They explore how these giants dominate industries through data extraction, stifling innovation and harming suppliers, the need for new regulations to address anti-competitive behavior, the role of digital gatekeepers in shaping the future of the digital economy and much more. https://www.thecore.in/podcasts/big-techs-hidden-costs-and-power-with-payal-malik-632547

https://www.rediff.com/money/column/rathin-roy-the-threats-to-indias-prosperity/20240722.htm These are less 'jobs' than low-paid activities. The contemporary Indian economy is one where:

45 per cent of the labour force works in agriculture.
The share of manufacturing in GDP has fallen to 13 per cent.
800 million people need subsidised food.
Over 100 million people between the ages of 18 and 35 are neither in education nor actively looking for employment.

All the problems of poor countries -- poverty, malnutrition, poor education, ill health, third-rate housing, difficult public transport, poor sanitation -- persisted, even as the rich enjoy globally opulent lifestyles.

These are failed economies, in contrast to the handful -- Ireland, Japan, South Korea, Taiwan, China -- where universal access to basic needs and prosperity became available to all as these countries grew richer.

India has only recently become a middle-income country.

My hope has always been that India will join the minority of nations that will secure a successful development transformation.

But looking under the hood, I see India on the terrible, but commonplace, road to prosperity failure.

There is still scope to remedy these matters, but this will require structural change.

Americans Distrusting Capitalism!! | Lessons For India?? https://www.youtube.com/watch?v=mEIo91ZHrFU  | Deshbhakt Conversation With Ruchir Sharma   Aug 21, 2024 Ruchir Sharma - What Went Wrong With Capitalism - where he explores why even in the USA...people are getting increasingly disillusioned with how the economy & capitalism. Capitalism should not be pro-business, but pro competittion. https://youtu.be/mEIo91ZHrFU?t=741 Incumbents can manipulate the regulations. The new ones have a problem..  India has  seen a maximum amount of new billionaires in the last few years. 

What went wrong with capitalism?  https://indianexpress.com/article/books-and-literature/what-went-wrong-with-capitalism-ruchir-sharma-book-review-9408451/  Low interest rates became the solution to every problem. Governments found it cheap to borrow. Except for a brief period under Bill Clinton, no government retrenched spending. So debt became a problem. The political choices in the US are tax cut and increased spending (Republicans) or tax and increased spending (Democrats). The Keynesian intuition that government spending should be counter-cyclical was replaced by a philosophy of a ‘permanent stimulus’.Low interest rates became the solution to every problem. Governments found it cheap to borrow. Except for a brief period under Bill Clinton, no government retrenched spending. So debt became a problem. The political choices in the US are tax cut and increased spending (Republicans) or tax and increased spending (Democrats). The Keynesian intuition that government spending should be counter-cyclical was replaced by a philosophy of a ‘permanent stimulus’.

Cheap money created asset bubbles which fuelled deep inequality and capital concentration. Prices were distorted. Finance began to dominate the economy. Finance also distorted the moral compass: the best and brightest, instead of figuring out productivity-enhancing innovations, were now manipulating complex spreadsheets. Meanwhile, all these were being done in the name of the poor.

 https://richmedia.lse.ac.uk/publiclecturesandevents/20240703_1830_WhatWentWrongWithCapitalism.mp3  Sharma says progressive youth are partly right and that capitalism has morphed into “socialism for the very rich.” The broader issue, however, is socialised risk for the poor, the middle class and the rich; government is trying to guarantee that no one ever suffers economic pain by borrowing heavily to prevent recessions, extend recoveries, and generate endless growth. The result is rapidly rising debt and declining competition. 

Bombay High Court orders Maharashtra to establish social media handles to report Manual Scavenging    https://www.barandbench.com/news/bombay-high-court-orders-maharashtra-establish-social-media-handle-reporting-manual-scavenging 

The order was passed on a petition filed by Shramik Janata Sangh, represented by Senior Advocate Gayatri Singh. "The Department of Social Welfare will also create a dedicated email address for each of the District Level Committees and Vigilance Committees. It shall also create a Social Media handle where citizens and non-governmental organisations can report instances of manual scavenging, which the District Level Committee and Vigilance Committee can examine. This will aid the Social Welfare Department in its statutory duty to ensure that manual scavenging does not take place. This is an addition to the duties cast on the officers under the Act of 2013," the Court said in its order passed on August 20.

For full judgement https://images.assettype.com/barandbench/2024-08-22/jtbbwgbo/Shramik_Janata_Sangh_v_State_of_Maharashtra.pdf 

WA Cooment: But, this is the regular practice here to keep the sewage disposal lines flowing. Till a feasible alternative is worked out, the maximum that one can expect is better safety protections for the manual scavengers. Right today, there's apparently none. 

The Big Con There is an entrenched relationship between the consulting industry and the way business and government are managed today which must change.

Mariana Mazzucato and Rosie Collington show that our economies' reliance on companies such as McKinsey, Boston Consulting Group, Bain & Company, PwC, Deloitte, KPMG and EY stunts innovation, obfuscates corporate and political accountability and impedes our collective mission of halting climate breakdown.

The 'Big Con' describes the confidence trick the consulting industry performs in contracts with hollowed-out and risk-averse governments and shareholder value-maximizing firms. It grew from the 1980s and 1990s in the wake of reforms by both the neoliberal right and Third Way progressives, and it thrives on the ills of modern capitalism, from financialization and privatization to the climate crisis. It is possible because of the unique power that big consultancies wield through extensive contracts and networks - as advisors, legitimators and outsourcers - and the illusion that they are objective sources of expertise and capacity. To make matters worse, our best and brightest graduates are often redirected away from public service into consulting. In all these ways, the Big Con weakens our businesses, infantilizes our governments and warps our economies.

 ई-कॉमर्स फैला तो आ जाएगी तबाही, क्यों कहा पीयूष गोयल ने? https://www.youtube.com/watch?v=-IiY0dvm57I Ravish Kumar Official  Aug 22, 2024
ई-कॉमर्स को लेकर जो कहा जा रहा था, अब मंत्री पीयूष गोयल भी वही कहने लगे हैं। बस उन्हें ये बात दस साल बाद समझ आई है कि ई-कॉमर्स का जाल फैलता है तो गली-मोहल्ले की दुकानें बंद हो जाती हैं। कई देशों ने इसे रोकने के लिए स ख़्त नियम बना दिए हैं कि कुछ चीज़ें आपको नुक्कड़ की दुकानों से ही लेनी होगी। बड़ी बात यह है कि गोयल ने ई-कॉमर्स से रोज़गार बढ़ने का दावा करने वाली रिपोर्ट को ही रिजेक्ट कर दिया। ऐसा कभी नहीं हुआ है। पूरा वीडियो देखिएगा। Google translate: Whatever was being said regarding e-commerce, now Minister Piyush Goyal has also started saying the same. It's only after ten years that they have understood that as the network of e-commerce spreads, the shops on the streets close down. To stop this, many countries have made strict rules that you will have to buy some things from street shops only. The big thing is that Goyal rejected the very report claiming that e-commerce will increase employment. 

 Were eight crore new jobs created in three years? https://www.thehindu.com/business/Economy/were-8-crore-new-jobs-created-in-three-years/article68551862.ece  August 22, 2024 Prime Minister Modi, based on the India-KLEMS database, claimed that India created “eight crore new jobs in the last three to four years”. However, analysts are questioning the methodology used to estimate these numbers. They argue that little meaningful employment was created in these years  .

The SBI report, however, estimates the total number of workers from ASUSE (The ASUSE covers only unincorporated non-agricultural establishments in manufacturing, trade and other services.)  as 56.8 crore, and claims comparability with the figures in India-KLEMS. ( KLEMS stands for Capital (K), Labour (L), Energy (E), Material (M) and Services (S).)

Clearly, the SBI report assumed a certain number of workers employed in sectors not covered in ASUSE — such as agriculture, construction, registered factories, corporate sector, government and cooperatives — using other household surveys that employ different concepts and methodologies. It then added those numbers to the number of workers in ASUSE to arrive at the inflated estimate of 56.8 crore workers. But there is no scientific basis for such an indirect method, that too to make an inane and motivated validation.

To sum up, data from India-KLEMS, which was designed for very different purposes and uses questionable methods, are being used to drive a specific political narrative on employment generation. But the real culprit in this episode is the Government of India, which has refused to organise the new decadal Census till date