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tv   Business - News  Deutsche Welle  August 18, 2023 5:15am-5:30am CEST

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in the, the dw business of coupons which invaded was up next, taking a look at the indian votes. him a bill industry. i'm jack power. i'm from one of us here on the news team invalid. thank you. to the doors. the scoring we say they were about never giving up sports lights every weekend on dw summer vacation is just about over time for players to teach the beach and heading to the stadium.
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the season kicks off. a lot of work to do your cell kick off the, the auto industry and the welds thirds biggest. com market. india is booming despite many challenges in recent years. we'll look at what's next for the sector without correspondents in delhi and indian graduates. i'm moving to germany as the york and country tries to your younger migrants to help fill if labor shortage. welcome to the shell. she pundits in belgium. india is the welsh 3rd largest coll market. more than 5000000 vehicles were made in the country last year. the city of 10 i has emerged as the hub of car making in india. it has been dick named the
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detroit of asia of because auto giants, including bmw, shim di nissan, titan motors, and landra, have a presence there. meanwhile, the country is growing. middle class is shifting to luxury vehicles from inexpensive cars, but most of the cars made in india stay in the country last year and exported nearly 700000 vehicles. now that pales when compared to other asian countries, thailand exported more than a 1000000 cars. south career, 2300000 china, 3300000. an ages biggest auto exporter was japan, with around 4400000 units exported. joining us with more is dw corresponded charo. katya k, in daily charl into the oldest sector, has transformed fast, but it's still far behind other asian countries. why is that?
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will a host of reasons actually uh to begin with cause it made a huge dent in the auto sector. and recovery started only in 2022. and even then some of the problems that lingered on, and now the semi conduct a chip, or there's that has been affecting auto sector the world over, has been affecting the auto sector in india as well. the supply chain of suffered massive disruptions. and what we've seen in the last year or so is that they've been long waiting periods, and especially for su, we use which sales are rising now. and, but some of the se, orders, they've seen the waiting time of over to your input costs. have also been rising, they've been various kinds of inflationary pressures. also, the prices continue to rise throughout 2022. they're rising even now even to be low prices have gone up and their sales has gone down. so there are many factors which are actually contributing to, to this scenario a ton, but yeah, things appear to be changing a little bit as well. um, you mentioned
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a lot of factors very so um of course of several carmakers from different parts of the world, including germany on the, in a, on the indian market. so which ones of them are likely to help drive the growth in that market in the future? with most of them on home going brands model t, for example, if it continues to be a king, really off the sector, the big market data, it has about 40 percent market share. in fact, some people suggest is even more than 40. and in terms of personal vehicles as well, a lot of people are going for electric because the market itself, it grew by more than 200 percent in 2022. according to one report that i saw in the home room brand, talk to him because it, it did talk to him or does it leads in the electric vehicles segment the big market leader as we discussed earlier, model at the is yet to focus on electric vehicles. but even modernity is making hybrids. so taking hybrids and electric vehicles together,
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people are interested in buying them. a lot of infrastructure is also being set up . for example, charging stations. even residential societies are involved building charging stations. so the future does look very bright. for roy electric vehicles. carol, thanks for joining us. and it's not just the auto sector, many areas of booming and india, which over to of china is the world's most populous nation earlier this year. and while it faces very different challenges from its neighbor, the government wants to make india one of the world's biggest economies. india is a country of super low to with a growing economy. but it's also facing many challenges. the country aims to have the world's 3rd largest economy by 2030. what makes india so successful? one factor is its population. more than half of the countries inhabitants are less than 30 years old. india has been fast approaching china to be the world's most
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populous country for a while now. but there are also structural problems, including serious issues with india is the job market. most jobs are low, skilled, and poorly paid for academics. on the other hand, there's too little work because the field is not developed enough yet. even worse, only 20 percent of the female population, because the page on the indian school system teaches to few basic skills and trains fewer academics than other industrialized nations across indian schools . particularly as it is to the board, i don't know just the full 5 lead people 5 without being able to read a single line in any language, not just in english without being able to do simple calculations, including addition of subtraction. india's economic growth is also reflected in the growing prosperity of many people. the middle class is expanding,
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and there are increasing numbers of rich people at the top. we have money to invest in the economy. india is also number one, globally for mobile internet use. an apple already prefers to produce smartphones in india rather than in china. if we've done the same, for example, in drinks in relating, not only the apples, an apple technology, apple's management style, it also rings then the will doing things. but india won't be able to rely on market forces along to become one of the top nations, economically. the country need strong policies that emphasize that education infrastructure and businesses now to some of the other global business stories making use. texas is requiring companies to include tesla technology, an electric vehicle, charging stations, the us as investing $5000000000.00 in charging, in its charging infrastructure, but only pays dates for programs that include multiple technologies for test law,
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the state decision could help make its technology, but us charging standard, a german restaurant. so more business during the 1st half of the year, revenues rose by nearly 16 percent. but despite the latest growth number's business is yet to reach. pre pun, demik levels. junior high and greeted prices and wage cost. japanese exports fell in july for the 1st time and nearly 2 and a half years for sharing demand for light boil and ship making equipment. drag down the country's latest data. it shows a drop of 0.3 percent for the last month. depends economic weakness on the lines, ongoing concerns about a global recession. the case biggest defense company b, a e systems is acquiring us space tech from bowl our space for more than 5 and a half $1000000000.00. it says the deal will help it meet growing demand for miss styles and be mission. 2 weeks ago. be said it's 2023 half year in net profit
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search to 57 percent amid the war in ukraine. and now to germany, where more younger indians, i'm moving, they're coming here to help build a gap in the labor market that is being left by the countries aging population. many engine graduates are taking on apprenticeships in areas that they wouldn't normally work in back in india. even though lead to mars him, do slicing veal is in every day task. he doesn't see any religious reasons, not to do this in germany. in india, who was always holding, but there is no problem from delhi to the southern german town of violem right now leave to mar studies computer science in his home country. not because he enjoyed it, but rather because he was looking for a stable job. however, even with his degree, there was no job guarantee in india. that's one of the 28 year old learned about
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the opportunity to do an apprenticeship in germany. the only for the future was very, very important for intense stuff with my friends, that is skilled in those months on a cut, maria shag, also studied in india before immigration to germany last year. in addition to working at the butcher shop, attending a vocational college as part of the training a be card for the 22 year old. the automatic dialect inside the western germany is the site the 1st 23 months. you're really tough here. everyone speaks and this all demonic dialect. and maybe i wasn't familiar with it. i learned a different kind of german demand. i'm the highest up so far, the local chamber of skilled crafts. i'm an agency in india, a place 13 indians in german butcher shops. initially most businesses hesitated to take on apprentices from india and other stuff that's cool. so on the one hand,
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there's many people in india willing to move to another country to find a job. and on the other hand, businesses here in germany need work or skilled workers. we were able to find a group of german businesses which wanted to give it a try. and we also found a group of potential apprentices who are willing to learn driven in india is problem. i've gotten was a master butcher. you asked him later was an early supporter of the project. the 61 year old is very happy with his father and apprentices. you see all the to whom i see a future for them here in 34 or 5 years, we will see the 1st indian families here. they will settle down and then they won't want to go back any more. you need to look. since things are going well, other businesses are now looking for new recruits the chambers already reaching out to potential candidates either now here's something to sink your teeth into. burger king outlets in india,
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i am no longer adding tomatoes to their burdens and rob students sewing vegetable costs prices of searched by as much as 450 percent as a result of a bad harvest. most soon reins disrupted the harvest season and supply chains which led to the ongoing tomato crisis productions menus changed. perfect things. menu change comes after a similar move by fellow fast food chains, mcdonalds, and someplace. and that's or show for today for more check out the w dot com slash business and the dw, use youtube channel. and of course we're on facebook and me and the entire team here in berlin. it's good by and take care of the
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rocketing for similar to a ranking as will words, 3rd largest economy. india is blasting all the country wants to catch up with the us and china by 23rd. some factors driving the upswing, digitization education and lofty ambitions made in german. it'd be political in this great for investor. the theme that these everyone here just wants to get into bit corner. they are known as clean arrows, digital gold, diggers. investors from all over are moving to latin america in search of bitcoin treasure. nowhere is the crypto currency value is more highly than here. but for many, the frenzy ends in ruins. the in 45 minutes on dw. we've got some hot tips for your bucket list,
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the magic corner check hot spot and some great culture of the board has to vote. w travels off we go, the india is booming and it aims to become one of the world's biggest economies. india has come a long way since its independence from british rule. on august 15, 1947. after years of struggle, the indian independence movement succeeded largely thanks to the leadership of mahatma gandhi and jo, a lot of narrow this year.

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