from politics to flash from housing boom boom town this is where. welcome to the 77 percent. this weekend v.w. . shop till you drop bargain hunters are out in droves to get a jump on black friday deals a feast for the retail sector on both sides of the atlantic. in france black friday needs green friday an initiative that aims to rein in hyper consumption to safety environment. and more and more young indians are leaving their country as india braces for the slowest g.d.p. growth in 26 months. i'm monica jones and this is business life from

berlin welcome it is the year's most important day for many retailers black friday forget about the u.s. china trade war forget about climate change the day after thanksgiving is all about how it's going shopping in new york shoppers have been queuing up outside the world's biggest department store macy's through the night and to be among the 1st to lay their hands on the best black friday deals and this hunt for crazy discounts and deals is no longer limited to the united states black friday has become a global phenomenon. $45060.00 or even 70 percent discount the sky's the limit when it comes to black friday sales mania in the us people should actually use the friday after thanksgiving to go out on a shopping spree for christmas presents or just for fun retailers have adapted to the surge and even extended it by adding cyber monday on to what became a long shopping weekend and black friday has long since crossed the atlantic and arrived in europe for several years now retailers in germany. also been ramping up

the business with a myriad of special offers with consumers out hunting for real or imagined massive savings. and we're expecting an increase in revenues for this year's black friday and cyber monday of somewhere in the region of 3100000000 euros in the retail sector that's an awful lot we can see that in recent years its full was boosted sales by 20 percent the occasion is more widely known and people are getting used to it. which means. black friday and cyber monday and germany's biggest and most important days for retail sales not only in the run up to christmas but for the entire. all right over to our financial correspondent only bots in frankfurt only how big a deal is black friday here in germany it's become a very big deal monica contrast to earlier i can remember one talked about this 3 to 4 years ago lots of people in germany hadn't heard about it yet and you didn't

see nearly the interest you see now but this morning it was raining actually in frankfurt and even before 7 o'clock i found some people not a lot but some people lining up in front of a store that was due to open early at 7 waiting to get big discounts for the early comers and now going through the city just a little while ago we saw lots of people with shopping bags and all the windows are plastered with the signs it's big deal for retail we just heard in the report over 3000000000 euros and income expected from this retailers can't go without it but it's an asymmetrical affair more and more business moving to online not good for the types of store you see here and the picture behind me to leave us in frankfurt thank you so much. and france shoppers are also looking for bargains today but many of them have mixed feelings about it because of environmental concerns and that is how 3 years ago the green friday initiative no interest to fight senseless hyper

consumption it's black friday in france and everything is on sale well almost everything there's a growing resistance to this foreign invader marching through french shopping precincts even if some just creates more garbage a minute in some years i think we consume much more than we need to and it's not just shoppers who are questioning consumption patterns. consuming has a real impact on our jobs on ecology on our health this must be taken into account black friday doesn't fit that picture anymore and. 3 years ago the green friday movement for responsible consumption was launched to make people aware of environmental problems related to mass consumerism. the mother who had left when i see black friday it's unbearable when i see these low prices and i think about the people who are making real products and very badly paid if i think about the environment that's leading attack. hundreds of french companies and associations

have joined the movement they encourage people to reduce reuse recycle and repair their god it is yet of his so when will be better to keep this going to get fixed to last as long as possible you know especially that when a dishwasher doesn't work it's often not a big problem just. over consumption and waste our hot topics all the way to the top next month the french government is to debate the future of black friday. while big sales events like black friday are of course one way for retailers to cash in another is to know what consumers really want and offer it now thanks to an extensive survey retailers in sweden know that what people yearn for is a kind of digital detox so it's no surprise that the hottest gift for 2019 is the mobile phone box take a look. she's one of sweden's biggest influences always online always posting and

yet even ever fun sido has one and mobile phone box it's being hailed as sweden's 2019 gift of the year this is the mirror of course the more wear on line the more important it is to be off line especially as i have 2 children there's always something going on before fart ebers boxes in her hall when she gets home she puts a phone in it for a couple of hours for over 30 years the swedish retail institute has been predicting what it thinks will be the president of the year last year it was the a bike now it's the mobile phone box. with our present of the year we're pointing out a trend that we're seeing in society and this product illustrates that trend. time offline many swedes are up for that the most amount of it's important to switch off we spend too much time on our phones superblock i think that's a great idea but you don't need to buy a box like that to do it. a simple shoe box does the trick too the main thing is

just that the phone goes in and stays there for a while. india's economy is losing steam fresh g.d.p. data and you later today is expected to show the economy at its slowest quarterly pace in more than 6 years low consumer demand and private investment we can further and a global slowdown hit exports and war and why young indians consider to leave their country for better prospects abroad ideally in the united states or in britain. fan on your butt uses every spare minute to swat up on law the delhi attorney wants to apply for a master's degree in london she thinks it'll improve her career chances at 26 she wants to put india's economic crisis behind her i have been thinking about doing it are doing my masters for a very long but i think that i know with a lot of the business reason on the economy i just find that this is the thing i

think i should be being. i have had enough experience with walkers there so i thought that this is the perfect thing. the latest figures show the indian economy growing at only 5 percent the lowest rate for 6 years and too little for an emerging economy like india unemployment is climbing with 37 percent of 20 to 24 year olds out of work and almost 11 percent of the 24 to 30 age group. those who have work like an army and her friends are often unhappy about their pay levels and career prospects. i don't see much growth in terms of salaries that we are getting and how daintily she is raising in india. stagnant or with what lays balance is very very low not bad but i would say ability of a list as compared to the foreign countries especially in countries like london australia

i'm canada the world life balance is very good you have a good balance i mean you're paid right. immigration has something of a tradition in india the u.n. estimates that some 17 and a half 1000000 born in india now live abroad and the current economic weakness could easily provoke another exodus and anya still has a lot of questions about going abroad and she sought out a visa agency in delhi they've had a lot of inquiries recently. if you talk about. 10 to 15 years and there was 100 cases produced but now what i see is. in a month only 100 cases of we are finding work means migration is rising if we want to there's no harm in trying you know no i mean i am i just get a good opportunity to settle down there if it works out and then you will move to london next year for her master's and her grade is good enough she'll have a chance of settling there for good. or more let's cross over to day from india

desk top what's holding the indian economy back. well monica as you mention our friend it's a mix of both external and domestic reasons and externally it is feeling the heat from global trade was all around like the all the other countries but since the indian economy is not as dependent on exports a as as much as a german economy it's more to do with domestic reasons and there is a liquidity crunch especially after the collapse of a major shadow bank last year and also major banks are actually apprehensive at this point of time to do a lot more money because they're reeling from huge debt of huge piles of debt and that's the reason but the elephant in the room is really a drop in private consumption specially in the rural areas private consumption accounts for a huge chunk of the g.d.p. data and that's what being because that in return is causing companies to hold back

on their investments and that is actually a major reason why the g.d.p. numbers are looking so gloomy and what exactly could government do to turn the economy around well the government has been taking measures off later in the past few months their investment rules for foreign investors they're also cut corporate tax there was a major reform and the fact that they have actually embarked on a very ambitious a privatization drive but experts feel that they need to do much more i mean much more in terms of structural reforms that would be basically reforming the land ownership laws where it and also the labor laws so these are the things that experts are actually looking forward to from the government. and i mean it was heard that there's always been a huge to see community in the united states and britain in particular just very briefly what's different this time. but there's certainly more exposure there's

a booming with many flaws which is now are listening to these success stories of not people very far away but people in the neighborhood this neighborhood kid going abroad this is specially after the boom in the id sector with indian engineers being sought after everywhere abroad and so that's a major reason why people are looking at opportunities abroad now all right as it has pandey thank you so much. that is your business update here on the w. from me and the business team in berlin thanks for keeping us company.

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