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INTRODUCTION:
India is being celebrated across headlines as a $4 trillion economy. But is that the whole truth?
To uncover this, we sat down with Dr. Arun Kumar, one of India’s most outspoken economists, a retired JNU professor, and the author of landmark books on black money, GST, and public policy. For over four decades, he’s been warning about cracks in India’s economy that very few dare to talk about.
And in this conversation, we spoke about:
Is India really a $4 trillion economy or just a $2.5 trillion illusion?
Did demonetisation bring India’s economy to a permanent standstill?
Is GST actually helping businesses, or destroying micro-enterprises?
Can MSP and APMC reforms save India’s farmers or sink us further?
Where is India’s economy truly heading in the next decade?
Our Best Indian Business Case Studies:
1. Dhirubhai
https://youtu.be/bSx6hDjALkQ?si=wE6PGMgiv7PpHdla
2. Milky mist
https://youtu.be/-98fnc4VAo8?si=NtKHTWjvtr_9V8ne
3. Old Monk
https://youtu.be/GQPymbqa08A?si=BXhcZhDPXt9wTxO4
4. Waaree
https://youtu.be/T1PLEPTbXc4?si=3VbRKyBnd-3Trfqt
5. Blinkit
https://youtu.be/OGs2YsqvWDg?si=bZ_AqkdGEsl2X3xW
Time stamps :
00:00 Introduction
03:16 Organized vs Unorganized Sector
07:16 Demonetization & 4 ‘Shocks’ India faced
11:59 Unemployment in India
14:06 The Job Crisis
15:49 Education & Skills Gap
18:37 Reasons for India’s global dependence
22:17 GST Explained Simply
28:37 GST Reform Needed
36:42 Agriculture & Farmers’ Struggle
41:15 Demand, Poverty & Growth
43:35 The MSP Debate
51:55 Generating Employment
52:33 Government Policy Missteps
57:22 The Black Economy
59:31 Did Demonetization Eradicate Black Money?
1:04:19 The Black Money Triad
1:05:06 Why High Tax Rates Aren’t the Cause?
1:11:21 Breaking the Triad
1:16:29 Can India Change?
1:17:24 RTI, Whistleblowers & Accountability
1:21:40 Summary of the podcast
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