Why Global Companies Don’t Trust India: Policy, GDP, Tax & Finance | Subhash Garg |FO452 Raj Shamani
Raj Shamani's Figuring Out
Three barriers to manufacturing shift
Subhash lists technology gaps, unskilled labour and unfavourable policy/ cost structure as reasons firms avoid India.
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(00:00) - Intro
(02:06) - Understanding India's economy
(04:56) - India's economic state today
(13:30) - How does a country make money?
(16:08) - How does a country grow?
(21:53) - Is lack in technological advancement holding us back?
(22:57) - Business with China - our losses
(26:30) - China's growth stratergy
(34:02) - Attracting companies to grow our economy
(44:42) - Our real growth over 10 years
(46:40) - 3 growth measurement metrics
(48:03) - Whar is real GDP growth?
(48:57) - Difference between dollar growth and real growth
(50:00) - Potential but slow growth
(52:04) - How to increase per capita income?
(53:38) - opportunities where an individual can earn more money
(55:35) - Why should one read 'We Also Make Policy'?
(1:00:30) - toughest decision
(1:07:11) - team work when working on country level
(1:13:19) - Expentation vs reality - IAS service
(1:20:17) - Who makes the final yearly budget decision?
(1:23:12) - Is our current Prime Minister receptive?
(1:23:35) - Things our government shouldn't spend much on
(1:25:02) - Things our government should spend money on
(1:26:53) - Does the government favor big players more?
(1:33:22) - Increase in slums
(1:34:57) - Main objective of budget
(1:36:41) - BTS
(1:37:08) - Outro
In today’s episode, we have Subhash Chandra Garg, Ex IAS officer, Author & Speaker, and former Economic Affairs & Finance Secretary of India, as well as Former Power Secretary of India.
We further discuss why global investors remain hesitant to invest in India, which sectors are being ignored, and where India must urgently direct capital and policy focus to drive long-term growth and sustainable development.
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About Figuring Out
Figuring Out Podcast is a Candid Conversations University where Raj Shamani brings raw conversations with the Top 1% in India.
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