it's to business the biggest election in history is underway nine hundred million indians are eligible to vote over the next month prime minister narendra modi and his hindu nationalist b j p a favorites modi was swept into office in two thousand and fourteen on promises of more jobs and a stronger economy and last year gross domestic product did grow by seven point three percent making india the fastest growing economy in the world but it's not creating enough jobs unemployment stands at over seven percent as you can see providing jobs is key as the population booms there are one and a half billion indians and that number is growing by fifteen million every year and the prime minister has run into some self-inflicted problems along the way. chaos of banks across india as almost all paper money is rendered worthless two years ago prime minister narendra modi stripped five hundred one thousand reaping notes of their value leaving millions of indians without their savings it was meant to

tackle money laundering but lives and businesses were disrupted this textile factory in tamil nadu had to close for nearly three weeks its c.e.o. is still angry. over today if you get there before we. understand why he sees. the made administration didn't just cancel common notes it also took months to replace them and then introduced a new tax on goods and services known as g.s.t. experts say was necessary many complain of a haphazard rollout it was a double whammy for small businesses d.s.t.v. out of the right of what we used to have a lot of clients at least two to three hundred in a city but he was willing cash we were doing well. after the nets were cancelled and g.s.t. was brought into the market disappears we don't get clients or outside the city now business is down a lot. of them in. some big. this is are still

hurting and that's something modi's opponents capitalizing on they say his policies have disproportionately affected the poor but the prime minister and his supporters say it's all in the past now it's up to india to decide. the poor nanda is a business right if accords india and joins us from mumbai so what. chances of winning again. when i'd best it's anybody's guess but the understanding is that it's likely that more than me come to power again however it may not be a sweeping majority as one would have expected because in the last couple of years congress has managed to claw some of the electoral gaps but still the problem with congress is that it's not been able to pick up and being a strong. who can stand against more the and probably need the country and that is one of the reasons that the b.g.p. still me end up getting the lead in this election his political opponent gandhi who

by the way has a household name of course is also focusing on the economy what are his ideas like . right. right also one of the most important things that congress which is out on the spot he has brought up in his manifesto in this election is a sort of an ideal for you know was the basic income which is at targeted at the poorest of the people this is likely to affect probably about fifty crore people in india and they are likely to get about a thousand euros if the congress is elected to power which is one of the things that they have promised this is one of the most important things that they're looking at apart from this congress is also looking at focusing on the manufacturing sector to prop up the whole economic growth which has been fairly robust in the last two years but it's believed that india can still do better. combatively apart from that tweaking of the direct in the in direct taxes is also

on the cards and relaxation also rules in certain economic sectors such as start ups is also something that the congress has promised and it's fun for us to see just tell me why are you talking about propping up the economy i mean we're talking about the fastest growing economy in the region and the world why why isn't that filtering through through the labor market for example. oh. in fact you know the thing is that india has been crowing compared to other a lot of for the jobless he's but oh it has been stuck in sort of sophie's also jobless economic crude so there has been economic crude but jobs has not kept decent though with the growing economy which is we are ironically because they're not in tune with the government to actually come to power on the board traumas of creating more jobs which is something that we have not seen some of the reasons for it is believed to be the norm but in twenty sixteen implementation of the new goods

and services tax that we saw in twenty seven thousand as a result of this there was job losses because certain industries were affected and there were job creations what has not kept at the same pace as a result not surprisingly you know in jobs is one of the most important does that go to the congress and. which is not in the more these bodies also focusing on a lot of them have promised that if they are wanted to power do we end up creating more jobs but we're good to see you know paul thank you very much for your analysis . chinese employees have stolen corporate secrets from dutch chip equipment make a samael for the company confirms that memory sticks were used to take large files from its silicon valley subsidiary is unclear whether the chinese government was involved strong orders from a fast growing chinese chip market helped the dutch double sales last year is that

wants to continue doing business there but china has repeatedly come under pressure of corporate espionage recently states chinese telecoms equipment maker by way of installing technology that could allow beijing access networks around. china is drawing europe closer into its orbit it's besting heavily across the western balkans laying the groundwork for a new battle. her influence on the use french chinese brand is that they can chang is in croatia signing trade treaties ahead of friday's joint economic summit with sixteen european nations it's the first visit by a chinese premier here on the surface it looks like a mutually beneficial relationship. but some e.u. members via beijing is trying to use the group to drive a wedge between brussels and the rest of the block. military honors for an honored guest chinese premier league asian and his career counterpart under

a plinker vage quickly got down to business so i don't deal spending from tourism to trade and infrastructure projects. only if this is a major turning point in our two countries relationships and i'm exceptionally satisfied with our substantial talks today which realistically set the ground for future cooperation on the development of projects including industrial services railway infrastructure economic digital technology projects science education agricultural and financial services projects. that it will look impressive list but par for the course when it comes to china. beijing is investing billions to court sixteen eastern and southern european countries each part of the so-called sixteen plus one group which is designed to expand future economic cooperation between participating nations and china. beijing hopes the group will for the cement the foothold in europe for its belt and road initiative. it would see china secure a transit quarter for its products from beijing to the heart of europe. the

european union is taking a cautious stance to china's new economic push. it's warned that china's cheap loans can get beijing too much leverage over its business partners. observers fear the sixteen plus one group represents a wedge designed to drive europe apart. but there's no sign of those reservations in croatia were assured the talks were of crucial importance for china's future in the region. and today's gloomy growth forecast comes on behalf of the asian development bank it says the region should prepare itself for slowing global demand just a couple of years back asian economies posted a combined annual growth rate of over six percent that's nothing to be scoffed at but it's downhill from there according to the bank and the latest outlooks that it's posted twenty nine thousand coming today it claims trade tensions especially between the u.s. and china which is by far the region's biggest economy the constant allays of

a break does it also hurting business and apart from the manmade disasters natural catastrophes are also hitting the area of a hata only india which we were talking about earlier is bucking the trend it's growing even faster than china well let's bring in. the rector of the macro economic research division at the asian development bank he joins us from munich tell us about the u.s. china trade dispute first of all and how that is affecting how business is being done and how people are managing their business and investing. yes you know you're already seeing the effects of the trade conflict in the region as you mentioned our forecast is for growth to slow further this year and next and part of that is because of the trade conflict our estimates are that the trade conflict as it currently stands and the currently implemented tariffs take off

about a quarter of a percent off chinese g.d.p. and if hopefully it doesn't but if the conflict escalates further the impact on china's g.d.p. could quadruple to about one percent of g.d.p. the impact on the u.s. less than that but still negative in terms of the impact on the rest of developing asia they sell intermediate inputs to china and so they will also be impacted by these production lincoln just but there is a silver lining in that when when this trade conflict increases prices between the u.s. and china there could be trade redirection toward other countries enveloping asia that supply similar goods of china so beneficiaries include countries like vietnam and malaysia let's talk about that silver lining just how much of a counter effect is it having in the region is the region already starting to work together closer which would be a positive thing wouldn't it yes so first of all we are still already starting to

see increased income increases in this trade redirection or evidence of trade redirection but yes said the other thing they're doing policy wise is they are accelerating. or putting in place steps to strengthen into a regional trade so things like are separate between the southeast asian countries and six asia pacific states or this one plus all the seats. is another one. director of the macro economic research division of the asian development bank thank you very much for being on the w. . and nice doing business with you.

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place . this is the w.'s line from berlin justice catches up with julian assange a british judge finds that we keep leaks founder guilty of breaching bail after he fled to london's ecuadorian embassy in twenty twelfth's police arrested him there. this morning in siegel fish charges brought by u.s. authorities also coming up the sudanese army says power after the posing the long serving president the defense minister announces the beleaguered president omar al bashir has been arrested and there'll be a train.