Davos 2016 - India and the World
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http://www.weforum.org/ In an era of digitization, how can India be a global resource for innovation, growth and talent? Speakers: -John T. Chambers, Executive Chairman, Cisco, USA. -Arun Jaitley, Minister of Finance, Corporate Affairs and Information and Broadcasting of India. -Sunil Bharti Mittal, Chairman, Bharti Enterprises, India. -Nouriel Roubini, Professor of Economics and International Business, Leonard N. Stern School of Business, New York University, USA. Moderated by Vikram Chandra, Presenter and Editor, New Delhi Television (NDTV), India.
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India main problem is their great pride: their "democratic" system. "Democracy" is not Indian advantage, rather a burden to its success.
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Jaitley's justification of petrol prices set by Govt is dishonest. He doesn't mention that the Government is bailing out public sector banks (recapitlization) which have given ridiculous loans to crony capitalists. These same crony's are the one's funding BJP and Congress.
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Jindal wants more loans from PSU's for stressed industries. What happened to investing your own capital? This is precisely the problem with crony capitalism.
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keep it up india...
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I almost got the whole budget right here in this video, All the guys are giving away evil looks in my opinion
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Entrepreneurship in name. not in action. Tried to startup and after calculating all sorts of bribes and taxes to be paid, u end up broke. Don't believe this. U can succeed if u are ready to start and then sell to the politicians ur company and start ur own company over and again. Make some money like this and go to U.S and start over. Tats the ground reality. Such a great potential for Indian private giants and politicians but not for people.
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It is perhaps the best time, to point in decades, to initiate ambitious government policies (Skill India, Make in India, Digital India, Smart cities etc and boost infra and power sectors) as crude oil prices are at a decade low and gold price are also on a structural downtrend. Government can move the saved capital in such sectors without much straining balance of payment and fiscal defecit. However one might argue that India faces real danger when oil prices will get back or even close to it's typical $50-70 per barrel level. But if you examine the expenditure burden on such ambitious programs closely, you will figure that government of India will not get sudden short term expenditure liabilities. A good part of these programs on PPP (public private partnership) basis. Secondly, by the time, if these programs success, there will be enough growth rate and increased confidence to attract foreign funds more easily.
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Corrupt Criminal Congress Party has always discouraged Progress, Development, and Entrepreneur spirit of India for the past 60 years of their Corrupt and Misrule of the country.
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that kamal is an idiot, obstructer
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BJP blocked GST because they were protesting the biggest scams and protection of those scamsters in India's history. Congress is doing it out of spite. Janta maaf nahi karegi was a slogan in 2014. I would like to be that on steroids in 2019.
If Pak or USA were the cause we would have exploded on to the streets, but because it's an internal party, people are waiting for the next elections. This post 2014 avatar of Sonia is like the equivalent of emergency of Indira.
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