Shamika Ravi Reveals Key Strategies For India To Overtake China As Global Superpower | IES 2025

0:11 that a lot of the value getting created is uh in in China is either with the state or with the corporations these kind of summits and the reason I uh lend support to these kind of big conversations is people need to be given an objective reality of well yes there are lots of moving parts but on the whole this is how things are and when you show long-term changes and you show uh what the possibilities are there is you know you're giving evidence for why there is great uh weightage to be put on optimism and why the India story is robust and uh why we remain first of all

0:57 uh sort of a beacon of stability in the midst of so much uh economic turmoil. It depends on what youth want. Then if youth want uh quality of life then we should see that you know China's quality of life of an average Chinese is only one and a half times higher if you measure it in GDP part of consumption you're not that much better that's very important for people to understand that a lot of the value getting created is uh in in China is either with the state or with the corporations right in China it's only 35% of the GDP increase in the

1:43 form of private consumption. In India, it's close to 70%. So most of what we are generating in terms of value is really uh being enjoyed by people. That's number one. Number two, then I think we shouldn't discount the fact that youth also value freedom, right? And we want to express the way we want things to be and you want to be a stakeholder in it. You want to shape the nature of your society and your country. And for that I think India has always been superior uh to China as far as modern you know economy and modern policym etc is concerned that yes we are free we are free to shape things

2:29 you know the different sectors of the economy you see uh almost all states I think that tension is where the states which are falling behind. So which states are beacon all of all of them are growing in ways which are unique to themselves we should be worried about the ones which are not growing and here this is where you know we have to worry about West Bengal where urban West Bengal has literally stagnated in the last 10 years if you just look at almost no change in consumption. uh even Bihar which used to be a lot poorer is growing lot faster and in urban as well as rural areas. Uh the other state which where uh we worry economically is is Punjab. uh

3:15 because Punjab has been used to be the richest state in the country and today it is behind all its neighbors and uh has seen uh uh very widespread de-industrialization at a time when the rest of the country we're trying to industrialize. For a state to de-industrialize is uh is you know it doesn't augur well for the future.