Comments by "红火树 RedFireTree" (@firetree2007) on "Jaishankar’s Savage Attack Over Foreign Nations Speaking On Indian Politics; ‘No Problem But…’" video.

  1. Under Jaishankar, India has become more isolated on the global stage. In 2024 alone, around 30 foreign heads of state have visited China individually, and of the 53 African countries, 51 attended the China-Africa summit. Meanwhile, hardly any foreign leaders have visited India. This is a reflection of the "wonderful" job Jaishankar has done for India—he talks a lot but hasn't managed to secure a single strong ally for the country.
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  2.  @letsdoit121  Let me also help you understand your own economy, as it seems many of you are unaware. In recent years, India’s so-called "fastest growth" under the Modi government has largely been fueled by borrowing money to build infrastructure. A significant portion of this borrowing came from the AIIB (a bank set up for China's Belt and Road Initiative). When you borrow money, you have to pay interest, and now India finds itself in a "debt trap." While infrastructure is important for a country, it doesn't generate quick returns, especially when those returns are less than the interest payments. This year, India needs to pay $131 billion in interest, which is more than 22% of the government's total budget of $575 billion. Next year, the interest payments will increase by 11-12%. And now you want more money for defense? Well, there isn't any left for that.India is on the edge of total bankruptcy, still dreaming to be a superpower, Harvard Business Review reported "Less than half of the 950 million working-age population is actually employed""Bleak as this statistic is, the reality is worse. According to the Periodic Labor Force Survey, some half of all those workers are self-employed, a category that includes “unpaid helpers in family enterprises,”___Harvard Business review, by Bhaskar Chakravorti July 19, 2024, Due to the lack of jobs in India it can negatively impact its economic growth rate: Lower purchasing power: When there are fewer jobs, people have less money to spend, which can lead to a decrease in consumer demand. Reduced productivity: Unemployment can make it harder for the economy to be productive. Increased government burden: Unemployment can increase the amount of money the government needs to spend. Limited investment and consumption: Unemployment can make it harder for people to invest and consume, which can slow economic growth. Poverty and income inequality: Unemployment can make poverty and income inequality worse. Social unrest: A high unemployment rate can lead to social unrest. According to McKinsey, if India doesn't improve its employment rates, it might not be able to achieve its goal of 7–8% annual GDP growth. This could also delay India's plans to become the world's third-largest economy by 2030. No jobs, means no income, no income means no consumption, 90% of rural spend only $64 per month, and 10% spend $21 a month.
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