they shall know, is russia behind it, it's a sort of fact all regarding phenomenon where anything that's threats ins and information on those situation. i had a hedge of money that the u, as in joyce, is caused by russia those as the time when production and i cannot mix. so that was that they also view as and by but now it's war. and that war machine is only able to do the things that he does when he's kind of manufacture consultants, when they come, manufacture the premise for going to war around the world. and how you do that just through information will say, and how do you with information on the last phase by controlling the narrative at all times, which obviously they were very good at doing. but now the existence of warranty and other platforms like archie, has made. that's what that monopoly on information near, impossible to maintain. and once you no longer have the monopoly on information, you can no longer fabricate the basis for going to war it to have a company this monday, coming up next,

the latest episode of lights 12 bought us will be back with more needs the top of the the last 20 years we have been gathering base. yeah. and now the other thing that tipping point with place in the world is changing theater, young nation, and we had a poor nation, but we're not just building an economy. we have the building of civilization. so the problem seems to be not the way to atlanta satisfied, and india being a potential source of the like all kinds of different kinds of things, flourish all over going to be that's perfectly fine to hello and welcome. i am on a one cave red come to the show bed for the next hoffman i've really been

discussing all the things in the product and a very special guest make them send you signed the welcome. sensitive send. the all is the prominence economist who has held a number of high profile positions over the years. he started out in financial economics in the ninety's and was awarded an eisenhower fellowship in 2007 in 2010. the royalty konami coral named him a young global leader, up till february 2022 cents. you've sent me all held the post of the principal economic advisor to india, as finance ministry, who's now serving as a member of the economic advisory council to prime minister number and the remote de thank you for coming. explain to me means i am asking as an ordinary citizen of this country. what does it mean to be economic advisory? consider the parameters, stuff in depth. so uh, but as you can imagine, the idea is to look at the big picture about the economy of the country. so i am

not really in the operations part of running the government in a day to day basis, a small number of us. so the only 3 permanent members of our job is to look at say for example, what are the forms to be done? look at the big picture as far as our place in the world. what is happening, the rest of the world and osh, placing it, what's happening to growth, automatically, economic stability and so on. and to be able to brief the prime minister and the cabinet about and what are the kinds of things that we shouldn't be doing on the economic front. now that is a very general thing. but in reality, what it means is, 1st of all, remember the prime minister is level of everything and evidence and anything converges. so very often what happens is, what i'm doing may not be what in, in a textbook sense as economics. and so i may end up looking at sports policy, or i may look at, you know, a rationalization of national, want even something or,

you know, thinking about, uh, you know, how to deal with a jew political situation. so the role is in some ways very, very quick. and very often, a lot of times that i spend at least is looking at, for example, suggestions and ideas that come from the ministries. all people who happened to be driving us to. and they give suggestions that ideas not like driving us to monique, is personally sitting and researching all of those suggestions or ideas. he gives it to somebody. i'm that somebody. similarly, i may have an idea of some of these, and then you know, i make a presentation say maybe we should look at this or whatever. so i'm part of that cool. you can call it the pink tank which works for the prime minister. and on basically running the economy and it's a very prestigious position to be in. and then the katie is also fairly suddenly a privilege, particularly. i mean it's, it would have been the privilege of anything. yeah. but it is specifically a permanent at this time because we are clearly in one of those stunning blaine's.

i mean history, yes. and so we can see letting anybody living in india can see letting you know we're going to something special. hm. is that a place in the world is changing? after hundreds of years of 1st father and domination, then bad the cannot make policy from our side. you know, finally the last 30 years we have been gathering base. yeah. and now we have the thing that tipping point with place in the world is changing. i mean, we had already the was 5th largest economy within the next 24 months. we've become the was toddlers to kind of yeah. so to have bins in the cockpit to, in a sense when this happened is very special, this whole, the development of this whole 50 position and the 3rd position held us 3rd position happened. so basically what is happening is that our economy is now growing very fast to reduce by some margin, the fastest growing a means that economy in the was the last year we grew at 8.2 percent this year. we should a girl by 7 percent of the books, but the thing that people forget is the component thing effect. so when india began

to reform its economy in 1991, you know how big our economy was just 260000000000. okay. okay. then it took us 16 years to become $1000000000.00 economy. okay, so it's only in 2007, 8, then we became a $1000000000.00 con. okay. and 16 years then it took 7 years to be going to demand all of economy. mm hm. then it should have taken us 5 years, but then we had to go over that cetera. so it took another 7 years again. so it's only in 2021, 22, which is not too long ago. that'd be became a 3 trillion dollar cutting. okay, after that, it took just 3 years to get going unfortunately, and the economy retrieve it, it becomes this. yeah. okay. and then did it take looking more than 2 years to become if i look on it now and then. so you see the couple people underestimate the co loading process. it is the most powerful force in the word. yes. and so as our economy excites big expands and we keep compounding this, the compound interest rates. everybody loves loans in school,

but they forget that in the beginning until the initial benefits seem slow. mm hm. but once it reaches a certain get base, it begins to get up. mm hm. so even china, me what the same size as the economy in 99. mm hm. so how do i get you? how is it become the world's 2nd largest economy? but in fact, based on measure of the world's largest economy, essentially the, grew a few percentage points faster than us, but kept going with would be our dealers. and that's how they got here. so all we have to do now is to keep doing this and compound it and uh, what are the most pressing economic reforms and what needs to be done the heck to spend the rest of the day with that. so let me say that there are huge number of things we need to do that. simplify items. yeah, the festival, 1st thing we need to do is to keep our economy growing so that the investment keeps happening. so um, from the government side we need to physically and for the infrastructure, soft investors keep investing in that from the corporate side. we need to do ease of doing business. so that the,

the private sector and for an investor has come in invested in factory use of and back office operations, etc in india. so that creates the momentum and the economy created to the jobs and all of that. so that is one part of the, the, the 2nd part of what me to do is of why do we are doing this. we have to keep the system stable. we've gone to our banks to blow up, or, you know, inflation to spike up and so on. so that's a very 2nd important thing we need to do the code. the important thing we need to do is to make sure that the very porters people in the country get some direct support. because while the board most of the boards and vice because the raising side, there are some people who will. so for them you have to do direct benefits, transfer for them to be all of us. you will not have them big little houses. i'll give them some way of getting gas so it means that move, move away from running a wood or no, say, just waterways. maybe basically do that. so these are the 2 principals and the last one, you know, that the word we use for this unto the, the, the so you know,

in order to move it is you need to do a whole bunch of things. so i would argue that one of the single most important things is that the single most important thing you need to do is do the form on your dishes as to why. because with some 50000000 cases stuck in a traditional system, we are not being able to enforce contract and bank. this is a major issue for our business sector, and we're not able to give it just us on time to the average citizen. so i think this is one big area of the form and need to do in the next. i'm covering that happen, right? obviously a lot of it will have to be done to the distribution, but the government will also have to participate. and the 2nd important thing we need to do is to finally begin to the form of administration. usually since 1991 the law, what have you done? we have basically withdrawn the butyl cause these bar to do damage. we have not deformed abuto proceed. we have stood simply of a stream that back before 9091. they are pretty much allowed to do whatever they wanted. now be able to stream them but reading the from them. but now we need to

actually the following them. so that the, the, the civil service can actually become service oriented and actually do the things as opposed to new, like fix the roads to municipal services and etc, etc. but that audion vision has the reorientation has to happen because even today, the bureau castillo essentially designed to control the population. that is what the colonial eda was. but oddly enough, that is also what the socialist e o. c. and it's about controlling developing issues. we need to move us, that was, that was away from that mindset of controls to a mindset of service deliveries. and that is again, one major phone that mean to do so. there are 2 big reforms, both them in was getting the knitting states to do the things that's supposed to do all this while to be honest with you. i tried to stop it from doing the things it did not or should not be doing me like running outlines. but now we need to get a diluted thing that's supposed to do. and we have begun to do some of it to be fast. i mean, for example, the sewage in for such

a big note as being done by the state, we are making progress. but you know, this is something we need to focus on. how do you deal with the roadblocks? so 1st is the important thing is that you have to understand that we're not just building an economy. we have a building of civilization which has effectively being in decline for centuries. yes. sylvia literally building back the whole thing. so many people asked me, you know, why do i think so to be interested in, for example, history and culture and these kinds of things in order open design. and so, because if i had only a purely economic view, i wouldn't care about those things. and now the economy is an important part of the building. civilization was not the only thing you have to rebuild the whole thing. and in the sense, i would argue that we are trying to think of something that came towards the europeans, went through in the $1516.00 century, which is a renaissance, reimburse me. so when you go to europe and you see you say you go to floats and you

see those beautiful churches and you go to venice and l all you would, you know, see buildings from elizabeth in england. the idea is that you are seeing the cultural artifacts, but i'm tied to a lot effects. only one part of what happened to florence was a center for banking, contribution to human civilization is actually double entry bookkeeping. oh, simulating venice, the contribution to the world is actually the stock market. now because the generating all as well for all these commercial activities, they built all these fancy buildings and those been things and you are not or via to me at about the same thing. you had gallon meal coming up, was the same scientific to changes. so what happens in the renaissance is that you have massive risk thinking happening at different feet are the same thing. so that's roughly the same thing that the shakespeare is performing it at the door.

you also have francis drake. so come navigating the us or the english defeating the model. it's a, it's a state of mind of the speak and it happens simultaneously on obviously. so what indian we are trying to do is to clear the codes that are speaking in this country for far too long, we would afraid of the rest of the work to even have to be coming to be made to feel that yes and even after becoming independent, we continue to have this taken out, had no regard to compete with the rest of the work, so let us close ourselves and for some import substitution thing that goes on mindset me. now we have a different lines that then we can go out of this and going to market and we can compete with the best in the world. we can send something to the moon. and you can see that finished that sort of every aspect of life. but that ability and willingness to go out of it and can work. you know, a defeat into a victory is something that has clicked and not head in relatively recent times.

absolutely, i totally agree with that is if you go back and look at a lot of history, you of it's full of wars and battles, maybe what we all most one and then go defeated. so this switch is something that has changed it and it is not done yet. it's not god, i wouldn't say it's yet institutionalized. mm hm. but definitely this changes how it has happened. yes. and you can feel that if you live in india, you can feel it around. that's amazing. so this, the success of making in the program is, is very evident, is that any failure or sudden said back to that happening. the most important thing to understand is that if there are no failures happening, all the things that mean the most is not their successes happen only when people are making the taking the risk affiliate. so i actually see continuing bankruptcy and insolvency. it's such a good thing. i believe that at every point in time, some companies should be going bankrupt me because it means that other, that the system as a whole is taking motors earlier on what we sort of company with for whatever

reasons and from day to day and companies when face problems are, there's public's like the private sector means our thinking was let's put them in a warehouse and we will use large amount of extra. busy money to do, but it's all going today, but really to, to put in the ends the already in bankrupt itself. it's assets of getting a me and we have discovered that doesn't cause cause any great disruption to the system. all that happens, those assets that re deployed and here's the new company comes and even the height of good one of our largest daylight, jenny is rid bankrupt and reset ok. you went bankrupt banks, so it requires a certain attribute to where to speaking. now it is also important that the same thing that we do not see those will bankrupt us on how bad or even yeah, something they build at risk they were bankrupt. i think once you've gone through your bankruptcy process and you know, mean deemed up, you should be allowed to go back and take another screen because that's how the system generates new ideas, new ventures. so,

but this is what attitude and this happens now just i am always be talking about in the space of business and, but this is not the only space this should happen in the science. so it should happen in the arcs, like all kinds of different kinds of things, flourish so over to the that's perfectly fine. how is it important? how much is it important for us to say that okay, best is that clicking anything out of growth? does it matter to us? well, it's sometimes i keep reading, well, a sort of method, but i think we shouldn't get too worked up about unless doing validation beyond the points. but does it make you angry, the scores that civically are trying to manage the best? i mean, that is true of because it is annoying because at the end of it to do remember that when china was raising me at the same fellow said that no, no, the numbers with all the wrong. and they were lying, the that the china begin to big to ignore me, the same people with a no,

no single up or is not progressing. it's autocratic, all kinds of things. so my view on all of this is, in some ways getting criticized and you're gonna right of passage we of the imposing would have to pass through in a sense because during that passage we are says to discover that actually the open ends of all these people it doesn't matter, they're just making it up and inside the bid and what they're really losing me is, uh, being able to do it will be the last thing you tell us them to be of joy, a whole and some of those kinds of things that they wanted to do, i've tried what they've loved to do is do we, you know, the bbc in your hands that and then i move on thing judgments on the syllabus and a bit of poverty. other than that it's up to 5. so the moment we begin to do when we lose a billionaire of odds and our, this thing with the effect of the matter is the celebrated. they don't belong to me . after all these people who are all these and yours who come and look to us and

i'm. 1 so the problems in india are all funded by the rockefeller foundation ford foundation. here i own vision and i the sources opens those id on where the foundation now who is, who had all these people they're all been in those. yeah. so go to the limit that even though so the problem seems to be non way dependent, is that right? and it ends up being a potential source of them. right? and i keep telling people, you know, almost because he is not coming here and generating jobs. so this is going to be the same, i'm by me and i need that are below a when you mark. yeah. then yes, there should be their taxes. they should follow their rules live. you know, i'm no love lost for the rich. if they're not following the rules, they have to follow it, but you know what the fact is that really does rather than dislodge, we should back to them. we had one 6th of the worst population. we haven't liked the 16 of the was been and i love that. how close, how do we do?

i've never had a self sufficient product. ottoman is that means that we have the financial resources to take up. please use the word means to be able to stand up for uh, uh, interest in the word. and we have demonstrated to be short in the last few years that we are willing to do that. you'll see that in for the policy. you'll see that you not ability to generate out on technologies. it's a we can see, for example, we have inserted us as into the global supply chains for mobile phones. we are now the 2nd or 3rd largest mobile phone manufacturer in the word that is just full 5 years ago. we weren't even in the picture. so we are quite capable of being operative hubbard. we should be very careful not to in different up in the neighborhood or some sort of a floor or topic, kind of the mindset of, of a solution. we gotta put him in the sense of being able to stand up and take our place in the way at also i think we often you had in the as well as the russian

china still referred was emerging economic economies outfit as this classification display is like it's, it's a bit of a con, defending classification and may have had defends in the, in the 2nd half of the grant, the, essentially, in the way we thought about the world. and sometimes it's useful as a short time for talking about the little bit more 3 now the so the whatever you may want to valid. but yes, i mean zeitfeld the word in the messy a place in duns off. why is that per capita income of china? for example, it's still much lower than down to or it means you invested in country. the effective ensure skews and industrial capacity. and even in areas where many areas of technology, china is the cutting edge. so it is not in the marketing, it does very much, much in many, many a to get exactly. we are sales are still emerging. be out of course, but i mean not the size of our economy short and for less because the end of it leave it even after a little growth. we will be in

a few we spend that was total largest economy. we other was largest population already. so when you divide one by the other, and we are also young nation means either young nation. we had a partners. um, so we have via not the us, but i think it's fair to say that we us them and emerging country. but i think what is different about this generation is that we have stopped of thinking over some sort of static condition. mm. do you have a chat at the guess? one of the future is, you don't ins us from abroad when you come in. uh us some help and you know, uh every, when does it, uh and, and i, economists from the us will come and look to the us that india habitats into about how to improve our lives. that we have going prospect. yeah. and how do you deal with the criticism from within the country that is fast. those are live here, have opinion, be sure to listen to it. never worked as well. and so i think there is a feedback loop. in fact, we should stick to this. i mean for the broad, but i, i always think criticism much more seriously from people who have

a stake in the system directing in the sense that if there is no scheme in the game, nobody can give you advice. and i have experience with myself, for example, during the cold cases, if anybody in the world has an idea or how he can get her done, it took on me and do a nobel laureates likes to get some goodman and all who had all kinds of use of how indifferent on that economy, we didn't listen to any of the electives. we ran out of economy and it's not something i've been exposed me. even at that time i went on television that wrote articles and clearly stated, we are not going to board then blow up off of that or monitoring system because of your defense of a lady at some end. the net result of it is that we have, you know, of the most macro economic least stable country right down. let us look at what has happened, the western economies. i mean, the us, for example, it has a really tough situation. the fiscal is out of control that trying to balance that with the monitoring side, which is a bad way of doing it and it's causing stresses,

not just for them, it's mostly expressed as to the rest of the what the u. k. economy, the destitution, the european economies, enough of the place, all of which because off or ridiculous policies that they will following, which at that time we want them about. it's not that at that time, the one telling them i was at that time, the chair of the framework, working group of the g 20. and i should meet that up people and i want them exactly what would happen with the policies and executive that have a person like who was so passionate dental as this amazing clarity has. i'm using the word boss as mr. moody. who is it? listen, great listening and who also has an amazing passion for a country is not somebody, but cell phones as you know. yes. and so you have, you have to have done your homework, done, the mats, and so it has made a difference because a person like him is at the heading of the thing. that's the literally, i mean,

look of in the old what it tells you to do something and you're doing something else, right? bothered by using him to do something inside. and then um, it requires a certain level of coverage, you know, to be able to push it in, in, in that way. how do you relax with this kind of a pressure? are all you don't feel the pressure? well, anybody who knows me the, i am uh, always buzz up. mm hm. so i can't say i relax me, but i do things which are away from work. i mean, obviously one of the passions is looking at history and things like that. so i go to a lot of lock electrical sites and things of that. and i pay a lot of sports like which uh, for the, relatively recently i used to be uh, you know, doing di condo and play squash. and yes, yes, i live you, you come from a family of uh, i know except fighters, but uh, do your son is a mixed martial. lot. uh, yeah, somebody said my list on the other one is uh,

an actual uh, in fact, international level, mixed martial. that's fine, and rubio, my younger son also does much of that. so lose not, he doesn't, hasn't chosen that as a profession yet. and yeah, so yes i, i like i, like, i do know based sports when i was in college, for example, i used for the satellite. and in fact i have one of the, in this 1st paddic lighting licenses. so i was part of the 1st batch of florida who got their pattern waiting license. so i can, i can seem to have had a, a, have pioneered that sport. oh, wonderful ios also used to be a no no longer have the fitness for a professional level. got a life worth of kayaking and canoeing person. so i had an instructor grade certification and kayaking and canoeing. so going down rough, rough rivers and things. so you can imagine my general after doing is uh i like uh, a little bit of, uh, uh this is what am i doing? yeah. if, if you kind of get badly hurt in doing whatever you are doing, um i lose interest in the matter. quite right. uh so yeah, so i, unfortunately my,

i am now uh at least a point in my life with my joints going to pick the phone thing anymore. so i have to do more speed. things like go to the gym. what do you do for you to go to the gym and i still play some sports. i have disney place. question so, but as i said, it is the main does willing but the body is actually the joints of increasing lisa leslie. thank you. thank you. and do something else that you guys are talking to you. and thank you for watching. join me next week for another intimate conversation with another team guest. and let's talk about the the

1935 fast is easily led by dictator benito mussolini decided to expand its colonial empire in africa and take over the opium. by that time, e z o b o was the only fully independent state on the continent. back in 1896. its inhabitants were able to defeat vito young colonists and defend their independence. since then. rome craved for revenge for the humiliating defeat. in the morning of october 3, 1935. without any announcement, the foxes attacked ethiopia and bombarded it most severely. d. d o b an armed forces bod, courageously. but the roots allergy of the italians knew no bounds. they use not only massive bombing attacks on civilians, but also chemical weapons, toxic gases. this change the course of the war. as

a result of the occupation of ethiopia, by the fastest 760000 people were killed. the capture of the african state was committed with europe's tacit approval. britain and france recognize the annexation, giving the green light to a further fastest expansion in the world. 10 paving the way for the outbreak of world war 2. the the to the

there was a time when i started to was abused to retain flowers. steve bided the continent of life for thomas themselves. it was divided as a hunting ground. if we do not to 9 the corner knives as we come again, we know that they are those who want the mazda continent to step and 8, but the mazda clinton, and never be stopped, because the mazda continent must be great. she will only be great. one of the show does all of us sons and daughters on by the slip all day. so now click on the goodwill time full on let us confess about underground

east the mazda, upon the, the, an american, with a long history of facilities in the us to also try to recruit most scenarios for ukraine. we take a closer look at the large suspects and the 2nd attempted assassination of donald trump. this conflict is about good versus evil drains and the rest of the world are caring kind and generous on self concepts. considering the suspects in both mentioned, the ukraine conflicts some prominent figures announced speculating whether a person with such a history might be acting on the alleged term sheet as personal and public participation the military activity in ukraine. it is hot with.