as india celebrates 75 years of independence, we'll take a look at current challenges. one economy that lifted millions from palmer and we'll go to the state of iowa, where some farmers have found a new source for much sought after fertilizer 1st called welcome to the program and economy struggling haunted by its own 0 covert policy and constant lock downs. china's central bank earlier today, trimming, lending rates for the 2nd time this year, taking its key rate down 10 points to to point 75 percent. that as the latest economic data showed there was need 4 more stimulus to support the economy. retail sales and industrial production rose slower than expected last month as did total exports out of china. now this is caused much concern in beijing. at this the mortgage rolls, china's once stellar property sector has shortly declined during the last 2 months

with both new investment and sales down sharply. earlier i spoke to jab cup gunter, senior analyst at the mercator institute for china studies, and i asked him if he saw more than just macro economic reasons for the central bank to intervene for the 2nd time this year. yeah, there's certainly more than just the macro economic factors, and when you look at this 10 basis points reduction, it's quite notable because it's the opposite of what's happening ever else in the world. everyone else is rushing up their rates and trying to their, their lowering it effectively because they have the opposite problems that we have . united states and europe. consumption is incredibly low and weak relative to supply. so they're, they're definitely trying to keep the economy from kind of falling out in large part because of the plumping investor and consumer confidence is coming as a result of kind of 0 policies. as long as it maintains that you're hoping,

approach, consumer consumer investor confidence to be low. you know, they're not, it's not the people i'm sending because, you know, the, the interest rates are too high. they're not spending because they're afraid that they might suddenly be lockdown. why do you city, why lockdown? right, again and again, jacob, why does beijing keep holding onto the 0 poet strategy if it does have the series, rob, if occasions for the economy? yeah, i think it's, it's 2 main factors, though. the 1st is a bit less political. ready has to be more realistic, which is that china has effectively not lived with cobit the way much of the rest of the world has. so there would, there would be legitimate economic chaos if coded suddenly were to read through the entirety of the country. they, there isn't any build up immunity, they don't have, they refused to import the m r n a vaccines. they don't have as a very advanced health care system, and there's

a lot of vaccine hesitancy in china. so there, there is that very kind of legitimate, traditional justification for, for taking on these economic costs. the 2nd factor, those teaching things out and kind of political goals. he, you know, he's going to stay in power at the end of this year at the next part of congress, where he's present to stay on for a 3rd term. and he needs things to smooth as sale as, as clearly and safely as possible. and he's really put his own name with an attached his own name. ready to 0 to policy. so dear leader cannot be wrong, especially in his lead. up to the lead up you are, is that the same power. jacob gunter senior analyst at the mercator institute for china studies jacob think every time they get marking 75 years of independence, india prime minister, nor render mowdy pledge to turn the country into a developed nation. and the next 25 years. the india and the past managed to launch

itself and parts of it's 1400000000 people into the ranks of leading countries. and i t, pharmacy space science and civil nuclear energy luxury apartments and slumps, hunger and high tech object poverty and economic abundance. india is a country of sharp contrast and is currently to fastest growing economy in the world with growth currently exceeding more than 8 percent. india is increasingly becoming a strong come to way to china. india's gross domestic product has risen sharply in the last 20 years. and it has grown to more than 3 trillion dollars in that period. but despite its economic success, india has locked behind in many areas, almost 2 tours of his population live in unspeakable poverty. this was also an issue for prime minister, not under moore during his election campaign last year. jen go obvious who still

don't have houses. i assure you, you will have your own houses. this is my dream yet, or when this country celebrate to 7 to 15, where say, offices dependence, there will be no poor without a roof over their head. we, are they working on it? i, darby gave what that, that a thought, man, i ha, ye hums, let me at this is nearly impossible with a population that has been over a busy hour within the constellation of great porous india wants to assert its autonomy. the us and china are by far its biggest trading partners. so india prefers to remain neutral towards his partners. it went towards russia because that's where india buy is not only a lot of weapons, but also oil and gas at bargain prices. for a closer look at india's economy, 75 years after the countries independence less val over tar correspondent, charo cardelia and deli charo, despite the ukraine war. despite the pandemic,

india's central bank governor says the country's economy remains an island of stability. is he right? well, chris, a lot of economists wouldn't make today over the governor because when be a governor or even a union ministers when they talk about india being an island of stability, most people focus on growth. whereas growth is not really the biggest parameter of the health of being an economy. now, this is also a fact that foreign entity investors have been pulling out from the indian market. and that followed has been happening from at least january this year. if not the lead last year as well. so it's, it's, it's really an island of stability. why are foreign investors willing out now the monetization, the introduction of a general sales tax. those 2 issues have been the biggest, most recent internal challenges for the indian economy. how do they continue to impact business? well, chris, it's not just business,

but the overall economy as well, that continues to be impacted by them. now when the monetization happened, it impacted small and mostly small and middle income traders that impacted the middle class and impacted the unorganized sector, which is 94 percent of india's workforce in a huge way. then gsp further read a lot of confusion and economy. then after that the band make and the impact of the locked down. and then now the impact of the ukraine wars for back to back getting events have been hitting the indian economy of millions have been pushed into poverty. incomes have fallen, unemployment is believed to be at a for decade high. so the economy is just, you get to find the ground that has lost the monetization of chris. now over the past 75 years, india is economy diversified. the dominance of the agricultural sector dwindled,

services have become much more important. what does india s growth model for the future look like? well, chris, it is the service a sector that most people bank the bond, but then several economists also feel that things have become so unpredictable that it's very hard to say what kind of turn will things change. now, of course, we know that the ukraine war is likely to change the shape of economy as well as politics across the cross the world. so india will not be left untouched. it will have long term impact as well. but then in the us own challenges and then how do, how does policy overcome those challenges in the next couple of years will determine the future shape of the noun, economy, w correspondence, our product a and l. e. chart. as always, thank you. farmers around the world are facing serious ripple facts from the war in ukraine. fertilizer is becoming ever harder to

come by and farms are having to find new sources. are correspondent to from the months went to iowa, a midwest states in the so called brad basket of the united states. ah, you may think farmers in the united states should be as happy as can be right now. after all, prices for their products are up way wheat, corn soybeans, pigs mil, chicken and kettle crop farmers, thin kettle ranchers get maximum returns this year, financially speaking. so what could possibly be wrong? this year will be tough because of the supply chain challenge is the most problematic supply chain issue for us farmers. the severe shortage of fertilizers. a lot of the fertilizer that the globe depends upon comes from russia. bella roost,

ah, places that you know, least the u. s. in europe will no longer buy from. so that limits the supply of fertilizer around the world that's creating those supply chain challenges for producers. we're meeting one of those producers, iowa crop former den he's, he's working roughly $700.00 acres total. this is considered a small. the big concern is, you know, moving forward in the coming years, is there going to be as, as a situation or a time in which it's not just about pain on the high price, but physically getting the fertilizer that, that scares a lot of us the mess it problems us farmers face in terms of getting their hands on enough, the fordable, traditional fertilizer has also helped this start up in san francisco. interested the way that sir nature as it is lightning strikes the ground and we have the

nitrogen, the air gets fixed into knox effectively. and the rain captures that knocks as nitrates and rains out of the field. so we've containerized that process, but the lightning in a bottle effectively can produce those nitrates that go out to the field. and there's also this natural fertilizers. this is where ape sunquest comes in. san quiz is an entrepreneur in manure, in dung, cow pool, or whatever else one wants to call this sam quiz cells, an enhanced mixture of regular cow pu with other natural ingredients, like lime city mulch and gypsum. i think what's, what's happening right now is with this crisis that we're having, it's an a catapult this industry. it's gonna be anybody that has any sort of renewable sustainable technology is gonna be gang busters. nearly anybody working in our culture, including local and state governments and most experts in the u. s. whole ape suncrest is right. all agree and extend it or even worse,

fertilizer crisis is going to hurt everybody all over the and that social for more checkout d, w dot com slash business. and of course he didn't use youtube channel. i'm chris kolber on the line. thanks for watching. have successful day ah ah, with

with the former president of afghanistan, ahmed car side, in an exclusive interview. the w correspondence, sandra peters may speak with him and come to where he's under house arrest. so we have to do all we can fight for the right. for, for children, all in, for doctors to our interview with how many cars i in 30 minutes on d. w. we already knew that the ocean is a massive c o 2 reservoir. but we did not know that the fish have something to do with it. could we slow down climate change by catching fewer fish?

why didn't we think of this before? tomorrow today? in 90 minutes on d. w. ah. departure to the today. this means flying to a foreign planet. in the 16th century, it meant even a captain and setting sail to discover a route the world famous c. voyage of ferdinand of magellan. i'd rather erase linked to military interests. a race leads to political and military christy, but it was certain linked to many financial interests and adventure full of

hardships, dangers and death 3 years and that wouldn't change the world forever. my jillions journey around the world. start september 7th on d. w. ah . this is the w news line from berlin, italy, by mock a year since the takeover of afghanistan. taliban finds this thing and celebrates in the streets as millions of afghans struggle with severe hunger, thinking economy and the loss of women's rights. also on the program canyons pray for peace as i await the.