welcome the newly reelected government of india has promised an easing of foreign investment rules and more infrastructure spending it wants to boost flagging growth rates and create jobs it's about time china has now leapfrog india as the world's fastest growing major economy with unemployment in asia as biggest economy at its highest since the 1970 s. . india's finance minister laid out her plans to double the size of the economy a campaign promise of prime minister narendra modi. peterson read and within our capacity to reach the prize clearly a new restaurant in the next. we need to invest c.b.e. in infrastructure in digital economy and on job creation in small and medium forms india has been striving to modernize its economy but with unemployment at levels not seen since the early 1970 s.

more needs to be done. the government's plan calls for new foreign direct investment in sectors like aviation media and insurance a cash injection for banks aims to end a credit crunch and there will be tax relief for startups moves analysts say could boost the broader economy. if the macro numbers improve and things become more conducive that money will flow to the broader market as well it's another step as india aims to emerge from china's shadow to become the world's fastest growing big economy. interesting plans but will they work let's bring in there josie john a business writer based in bangalore india targets a g.d.p. of 5 trillion us dollars by 2024 that's nearly doubling today's g.d.p. i call that ambitious when you. actually there are it is indeed ambitious but only she needs to be ambitious if it reaches 5 trillion

dollars it will go all you can journey in terms of g.d.p. which he too real for sure but doing it in 5 years ago the lack of rule for downbursts into your doctor you do to achieve that number not to be sure india has gotten us in the past for doing that what after quarter year after year is a long arts but one important point in this plan is a massive infrastructure investment something india desperately needs but can't the country finance that by itself. so one of the big things introduced by that was a big push in infrastructure across sectors and instance and how saying we we what we evy share a bunch of announcements and this to me does that india needs about $1.00 trillion dollars in the next 5 years to be able to finance this for example you get it to build up a great $100000000.00 houses in the next few years to have houses all of that population now they don't stick at 30 and don't get markets just don't have that

kind yet and you know we'll need to reach our all sort of thought sure still kind of release that money they're going to do to their owners that they will be go insolvent barb's and that's when you are the expansion plan. and the government also said that india wants to be the detroit to elect to electric cars how realistic is that. that isn't vicious 2 but in the right direction india has sunlight which. banners for $300.00 days a year it's a natural resource that the countries we stink and involving massive amounts of petroleum to do it on its own its roots or the he didn't isn't certain the right direction but the question is of numbers china is the world's largest electrical market and diesel or 1800000 a trick that your idiocy and a few few 1000 cars last year and

a few 1000 no 2 cars last year so it's going to be a long ass but then 2 of the kind of proposals meet today i did that i did actually one as the car manufacturers duties to manufacture cars to be up more than half in fact and in fact and there's a lot of subsidy being given on interest rate on card loans if i would buy of electric up but we'll give you the detroit of the world of the world but we should have that conversation in 5 years from now get chosen john in bangalore thank you very much. says the head of its ailing investment division garth ritchie is stepping down at the end of july he's been blamed for the divisions weak results the bank supervisory board is expected to meet on sunday to discuss a multi-billion dollar restructuring which could see as many as $20000.00 jobs cult plans are also being floated to create separate corporate bank to streamline services now spread right across germany's biggest land. now it's goes

straight to our financial correspondent in frankfurt the car what does that mean for b.m.w. . a bank robber to be on drugs coming up in a moment. and is he really the only one responsible for the weak results. well of course it's always a lot of people who you know cause problems at a large company like deutsche bank people now here are speculating what this means for deutsche bank will the bank potentially give up all of its investment banking but people who closely watch and monitor of the banking sector are convinced no that will not be the case a bank is likely to keep only those parts of its investment banking business which are profitable and which are likely to remain so the currency trading business for example parts of the bond trading business and parts of the i.p.o. and m.

and a consulting business for example christiane saving the c.e.o. of bank is likely to want to make sure that the market perceives the overhaul he's now planning not to be too little too late of course now everyone in the markets and here in frankfurt in particular is expecting next sunday when we will probably get the details of the plan call and stay where you are because you know executives in germany are dropping like flies today the c.e.o. of b.m.w. how about will also leave his position when his current term runs out in april the company plans to talk about a successor supervisory board meeting later this month has been at the steering wheel of b.m.w. since 2015 the company has slashed profit expectations citing the growing cost of meeting higher emission standards and large investments in new technologies google has been criticized for b.m.w. slow shifts towards electric mobility. now back to contribution

what does that mean for b.m.w. . well mr tips the man who is going to be the successor of mr cooper has a reputation of being tough then mr kluger who as a boss was very much as a moderator he also tried to moderate pretty much the car make up between those old technologies large combustible engines for large s.u.v.s and sports cars and all the other hand you cars the quanta family which is the majority's shareholder act b.m.w. was said to be unhappy with this strategy of trying to go both ways they are said to have blame mr krueger for giving up some of the competitive edge that you had with electrical engines in the past so it's likely that we're going to see a bolder move towards the future for the car maker on models in france for thank

you. the european union has spent several years trying to advance the economies of the western balkans spot it's got competition on its hands and montenegro china is pumping funds into the e.u. kind of that state at an increasing rate buying companies and investing in infrastructure. china's road and bridge corp is building a brand new highway across montenegro from the capital pago richer to neighboring serbia price tag 840000000 euros an entire village of construction workers has moved in from china for the project one of a series of construction contracts won by the chinese in the balkans. is part of china's belgian road initiative or new silk road the global infrastructure project which will transport chinese goods directly to europe chinese investors are also taking over profitable businesses like slovenian kitchen appliance make it go in

year which produces mostly in serbia. but they're also buying up some of the struggling heavy industries left over from former yugoslavia beijing paid $45000000.00 euros for this ancient steel plant it's made out of or rescuing $5000.00 jobs in what was a somewhat crisis hit region china's multi-million offer for the former state owned couple mine r t b in the eastern serbian town of bor also trump the competition copper is now being produced there in line with chinese standards financial analysts like friedrich book of esther bank in vienna say this is just the beginning of some problematic developments. and for of course china has an advantage it doesn't ask about what the democracy and political conditions are like there it also isn't worried about the legal situation which of course the e.u. is already doing from a government's point of view. that gives chinese companies an unfair edge in

tendering procedures another rage they have over european companies is that the millions in loans they get from chinese state banks are often interest free and paid back over 20 to 40 years by which time inflation will have cut their value in half and the balkan states especially which had for a long time hoped for e.u. membership now prefer to look to china. says europe has lost out on some economic opportunities he shows us the plans for the new pelias schatz bridge in croatia it will connect the southern coastline with the rest of the country even an e.u. member of croatia the china road and bridge corporation snapped up the contract beijing is planning a total of 900000000000 euros for its new silk road and wants to do a great deal in the balkans regardless of the implications. well one of the problems china's economy is facing is over the reputation for poor workmanship and

that even applies to some of of its most sophisticated products like newell passenger trains the china rail $200.00 j. was launched a great fanfare and january connecting cities over existing tracks at speeds of up to 200 kilometers per hour but $21.00 of the $23.00 engines produced in the dolly on factory have already broken down that's a 91 percent failure rate and that's it from me and the business here in. the d w news is coming up right after this and right after this quick global market .

eco india. how can we fight congestion traffic chaos and air pollution. that's easy to drive a nice scooter. a young started from kolkata runs an app based food a rental service. a smart solution for a clean environment the scooters in india. 30 minutes on the w. . every journey begins with the 1st step and every language the 1st word can go nico is in germany to learn german. history why not learn with him for i am come. to se it's simple online on your mobile and free.

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is the w.'s life from saddam celebrates an apparent breakthrough in this political crisis after months of protests the ruling generals agree to share power with civilian representatives for the next 3 years so how viable is this plot for a peaceful transition to democracy also on the program take control of the british tanker that's a call to form a high ranking iranian officials retaliation for the seizure of a tanker carrying iranian oil off the british territory of gibraltar. priest pastor coach paul.