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After China, India will shake the world. India, the next economic superpower to challenge the world.
#india #century #newindia #chinaandindia
You might hear me with some difficulties to breathe during this video. I apologise for this, but it is the result of me catching covid-19 during my recent trip to India. I did not want to delay the video on my regular Pascal's China Lens and hope it is not disturbing too much. You can put the English subtitles on if that helps
TIMESTAMPS
00:00 Can India become the next tiger superpower?
01:55 How did I get insights about India during my trip to Mumbai? Conflicting images about India
04:28 How far behind China is India? 30 years when looking at social mobility. 20 years behind when looking at infrastructure. 10 years behind when looking at businesses and entrepreneurship. Not much behind when looking at digital infrastructure
06:25 The lost decade from 2008 to 2018 and the new decade now, where it could become the century of India
07:36 Top down opportunities for India. The sky is the limit.
07:56 Diversity of India: a blessing or a curse? It probably kept India from growing faster, but now that is reversing. India is now using its diversity to attract investment depending on the region.
10:28 The biggest opportunity is the 1.4 billion new consumers, many going into the middle class.
11:30 This is India's decade. India will grow at over 6% this decade and overtake U.S in purchasing power parity by building the biggest middle class in the world
12:58 India's digital future is leading the way for the world together with China. Mobile only transformation, Universal IDs, digital platforms, 5G, software manufacturing,...
14:30 India's sustainable future in terms of environment is mostly driven by entrepreneurs and businesses, more than the government.
16:14 Bottom-Up change of society in India. Much of business is created by family business that want to make others around then successful which reflects on their success.
17:59 The future of India is being made by entrepreneurship. The China plus one strategy is attracting investment from the world away from China into India, mainly because of the link of entrepreneurs with the West.
20:00 Indian leadership has a lot to do with the common purpose of the founders that reflects the mission of the Indian businesses.
21:00 India is the land of dreams where Indian entrepreneurs have bigger dreams than many Chinese entrepreneurs. That is reflected in the 3rd eye and unknown energy that they trust in.
22:30 India is surfing the waves. In the West, in Silicon Valley, most innovators surf blue oceans, which means be unique and create a new market. In China, most innovators prefer to target red oceans, aiming to survive and be successful in a market that is existing, not new. Red Oceans is more for large scale markets, blue oceans is more for small markets or global markets.
25:22 The purple ocean of India. India has found a combination with being unique and create something new with leveraging scale and large existing markets.
26:18 Light at the end of the tunnel for India is now. Many unused human resources are now being included in contributing to value on labor. The inefficiency is also being tackled.
27:00 India's biggest problem from last decades was democracy. Under the Modi government, many of the political polarisation from before his administration faded away. This allows India now to grow faster, because the fragmentation of India due to politics is changing for the better.
28:28 India needs 4 big miracles. Infrastructure is the biggest miracle India still needs. Making Indian business larger business is important for India to grow as a country in a more efficient way. The biggest problem is raising productivity level of Indian labor force. Finally, India needs to start making more own choices instead of being an extension of the West as they are mostly with their software world.
31:00 Can we trust India? We do not ask that question as the West seems to trust India. Once India becomes another superpower, India will want to become the next India, not the next China, not the next great Western ally.
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