Comments by "M Shastri" (@libshastra) on "IMF shows Bangladesh, half of India on per capita GDP in 2012 surges ahead now, widens gap till 2027" video.

We would need to see how Bangladesh performs once "under developed" favorable trade agreements expire in 2024. But then again, where's the reforms that were promised in 2020? Labor code hasn't been notified yet. Land acquisition is still a mess. We got two trade deals and plenty of opportunities, why is our bureaucracy sluggish when it comes to seizing them?
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@dungavhai3319 I don't think you understand the difficulty of scale. Scandinavian model doesn't scale very well without a lot of money lying around to tax. Trade is what generates money, money gives you more taxes, more taxes means more revenues means better services. We need to move towards better govt services rather than benefits. India isn't beholden to big businesses, anything that asserts that India is beholden to big businesses is socialist nonsense. Politicians in India are too powerful to be beholden to businesses. On the other hand we have politicians who use businesses to their own benefit.
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@dungavhai3319 debt to GDP varies based on your economic growth. GDP grows, debt decrease. Also it's extremely easy for a small economy to manage it's debt to gdp ratio compared to large ones.
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