Raj Shamani's Figuring Out

Why Global Companies Don’t Trust India: Policy, GDP, Tax & Finance | Subhash Garg |FO452 Raj Shamani

Dec 30, 2025
Subhash Chandra Garg, a former IAS officer and India's Finance Secretary, delves into the intricacies of India's economy. He discusses the current GDP landscape and ambitious growth targets, scrutinizes barriers like policy uncertainty and labor issues that deter global firms from investing, and advocates for strategic partnerships in tech sectors. Garg highlights missed opportunities in solar manufacturing and critiques employment programs, all while emphasizing the balance needed between idealism and the gritty realities of policy-making.
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INSIGHT

GDP Is The Country's Total Income

  • GDP measures a country's total income and is the primary indicator of economic size.
  • Subhash Chandra Garg emphasizes GDP reflects income of 140 crore people, not just numbers.
INSIGHT

Dollar Growth Can Mislead Comparisons

  • Dollar-term GDP reflects both domestic growth and exchange-rate movement.
  • Garg warns dollar growth can mislead if the rupee depreciates or the dollar weakens.
INSIGHT

Growth Needs Tech, Skills And Demand

  • Long-term growth depends on technology adoption and labour productivity.
  • Garg names technology, skilled labour and demand (domestic/export) as primary growth drivers.
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