the mediterranean cost been involved succeeds warranty been to the most eastern and western parts of russia. and now it's time to see what the northern fleet has to show us the nuclear powered submarines like this one or the backbone of flesh, a strategic armed forces. they could be armed with a variety of various missiles, including intercontinental ones, armed with nuclear warheads. but most importantly, because they're powered by a nuclear reactor,

their range is virtually unlimited and really depends on the amount of food and water supplies for the crew. the middle of the nuclear submarine itself is a very complex engineering and technical structure. it can comments on the fingers of one hand, the countries that are capable of building an atomic submarine at the moment, the russian navy of the onto war to forces conducting a v. all men from 3rd generation submarines to full generation submarines. submarines are constantly improving because the engineering ideas do i'll stand still at the moment, the way all participants of the strategic combined and stuff. training ocean 2020 full exercise doing which the forces sold and all of the fleet provide defense for the submarine from the base points to the dive in that area. the exit from device is difficult because the experience of this past to me will to alteration shows us that the enemy will strongly call forces in that basis. here we have anti sabotage,

a support forces which color the submarine from strikes from a man, boats and an aerial vehicles. from what it was smoking the far east leningrad in the west and more months came the north. it's incredible how fast this country is. and so is the scale of these drills throughout our time here we've seen so many various ships, planes, helicopters, and other pieces of military of hardware were given today's 10 times for wash and such as your needs are only a show force or necessity of reporting for our team and to stay with our to international up next, the latest episode of let's talk about the the last 30 years. we have been gathering base. yeah. and now we have the team that tipping point with place in the world is changing theater, young nation, and we had a poor mission would be and not just building an economy,

we have the building of civilization. so the problem seems to be not in the way development satisfied, and india being put in shows or something like all kinds of different kinds of things, flourish so over to anybody. that's perfectly fine to hello and welcome. i am on one case read, come to the show, the for the next hoffman i've really been discussing all the things in the product is a very special guest make on sunday. you signed the welcome. some save 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 world economic forum named him a young global lead to off till february 2022 cents. you send,

you all held the post of the principle 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 most. 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 or advisory, consider cuz i put them in the stuff in there. so um, 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 into operations part of the running the government in a day to day basis and a small number of us. so they only 3 permanent members of our job is to look at say for example, what other forms to be done. look at the big picture as far as are placing the word, what is happening, the rest of the world and arch 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 should be doing on these cannot make front. now that is a very general thing, but in reality what it means is, 1st of all, remember the prime ministers 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. 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 geopolitical situation. so, the role is, in some ways, very, very effective. 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 happen to meet the parameters the and they give suggestions that ideas not like driving us to more davis personally sitting and researching all of those suggestions and 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 sank, which works for the prime minister. all on basically running the economy. i need somebody prestigious position to be in. and then the katie is also fairly suddenly a privilege, particularly. i mean it's, it would have been a privilege if anything. yeah. but it is specifically a permanent at this time because we are really in one of those dining blaine's, i mean, in 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 economic policies from our sites? you know, finally the last 20 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 towed largest economy. yeah. so to have bins in the cockpit to

in us ends when this happened is very special. this solar development, this whole 50 position in the 3rd position. how does the 3rd position happen? so basically what is happening is that our economy is now growing very fast and reduced by somebody and the fastest growing a means that are going to mean the what the last year we grew at 8.2 percent this year. we should a girl by 7 percent of that about 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 260000000. okay. okay. then it took us 16 years to become $1000000000.00 economy. so it's only in 2007, 8. then we became a $1000000000.00 con. okay, 16 years then it took 7 years to become a live 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,

just not too long ago. that really came up 3 trillion dollar cutting. okay, after that it took a just 3 us to get going. unfortunately, and the economy which we will become this year. okay. and then we take looking more than 2 years to become a if i for the economy. and then, so you see the competent people underestimate the co loaning process 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 gap base, it begins to get up. mm hm. so even china, me what the same size as our 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 of 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 they need to do is to keep our economy growing so that the investment keeps happening. so i'm from the government side. we need to do the physical in 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 factories and, and back office operations, etc. and so that creates the momentum in the economy created to the jobs and all of that. so that is one part of the, the, the 2nd part of what we need to do is the, 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 toad. 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 values, because the rising tide, there are some people who look. so for them you have to do direct benefits transfer . but then when 3 of us, you will not have them big miss houses. i'll give them some way of getting gas, so it means that move, move away from running a wood or noticed a lot of light, maybe basically do that. so these are the 2 principles. and the last one, you know, that the would be used for this. and today, these are so, you know, in order to move it as 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 my traditional as, as to why. because with some 50000000 cases stuck in a traditional system. we are not being able to enforce contract on pain. this is a major issue for our business sector, and we're not able to give it just as own thing to the average citizen. so i think this is one big area of the form and need to do in the next to the companies that

have. well, 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 reform, odd administration, usually since 1991 to now what have you done? we have basically withdrawn the beautiful cookies bottle damage. we have not found a bit of 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 doing the things as opposed to do like fix the roads to municipal services and etc, etc. but that audion edition 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 one of the socialist

d o. c. and it's about controlling the population we need to move us. that was, that was a very, from that main set of controls to a mindset of service deliveries. and that is again, one major form that me to look. so there are 2 big reforms, both them in was getting the 1000000 states to do the thing 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 the 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 be excited to be interested in, for example,

history and culture and these kinds of things and, or open design. and so, because if i had only a purely economic view, i wouldn't care about those things. now the economy is an important part of the building civilization was not the only thing you have to rebuild the whole team. and in the sense, i would argue that we are trying to trigger me something akin 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 products and you'll 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're seeing the cultural artifacts, but comparatively 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 is contribution to what the world is actually the stock market.

now because the generating all as well for all of these commercial activities, maybe with all these fancy buildings and those being things. and you know, to get that to me at about the same thing. you had gallery all coming up was the same scientific to the 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 do you also have francis drake? so come navigating the or the english defeating the model. it's a, it's a state of mind of this big and it happens simultaneously on all the. so what indian we are trying to do is to clear the codes that are sticking in this country for far too long. we would afraid of the rest of the work even have to be coming to be made to feel that yes and even after the going independent, we continue to have this taken out. had no regard to compete with the rest of the

world. so let us blows ourselves into some import substitution thing. that goes, that mindset me. now we have a different lines that 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 figure that sort of every aspect of life. but that ability and willingness to go there and can work. you know, a defeat into a victory is something that has clicked and not head is relatively the same thing. absolutely. i totally agree with that is if you go back and look at a lot of history, was it's full of wars and battles very well. we almost one and then we're defeated . so this switch is something that has changed. it's, and it is not done yet. it's not. i wouldn't say it's yet institutionalized. mm hm . but definitely this changes how it has happened. yes. and you can feel it if you live in india and you can see that, wow, that's amazing. so this, the success of making in the program is,

is very evident. but is there any failure to suddenly said back that happening? the most important thing to understand is that if there are no failures happening, all the bank that mean they're not successful. know their successes happen only when people are making the taking the risk of failure. mm hm. so i actually see continuous bankruptcy and insolvency. it's a good thing, i believe that at every point in time, some companies should be going bankrupt me because it means that other than that, the system as a whole is thinking motors earlier on what we sort of, if a company were for whatever reasons and some type of thing, the company's benefits problems are there's public's like the private sector means of 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 to do what we want to do to put in the ends the already in bankrupt itself. it's such a carrier and we have discovered that doesn't cause cause any great disruption to the system. all that happens, those as good 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 he said, okay, you've been 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 whole bad road 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 not 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 categorizing our growth? does it matter to us?

well, it's sometimes i keep reading the photo method, but i think we shouldn't get to looked of about less than validation beyond the points. but does it make you angry? the floor? is that civically trying to manipulate us that 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 they were lying the, that little 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 these are the right of passage and we of the imposing would have to pass through in the, in a sense, because during that passage we are says to discover that actually they will be means of all these people, it doesn't matter, they're just making it up and in fact varies. and what they're really losing me is

uh, being able to do it will be the last thing you did last, almost a deal of joy, a whole and some of those kinds of things that they wanted to do me a product. what they loved to do is to be, you know, the bbc in your hands, the beginning i move on thing judgments on this. i live celebrate of poverty. other than that, it's up to 5. so the moment we begin to 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 about the problems in india, all the funded by the rockefeller foundation, ford foundation here i own vision and i the sources opens us id over the foundation now, who is, who had all these people? they're all between those. yeah. so go to the limit that even though so the problem seems to be, not in the way developments, 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 for us. it's going to be the same, a money that 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 good, does this lot which are bad to them. but i, we have one 6th of the worst population. we haven't like 216. where's ballistics? i love that. how close, how do we do? i've never had a felt sufficient about it. and then that means that we have the financial resources to take up please use the word means to be able to stand up for us a dentist in the world. and we have demonstrated libby short in the last few years that we are willing to do that. you'll see that in foreign 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 move. busy for manufacturing the work that i just 4 or 5 years ago, we weren't even in the picture. so we are quite capable of being up in 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 isolation. we gotta move in, in the sense of being able to stand up and take our place in the way at also i think we often, you know, in the, as well as an issue in china i still have heard was, and managing it cannot economies outfit is this classification, this, well, it is like it's, it's a bit of a con, defending classification and we have had defends, in the, in the 2nd half of the grant, the essentially in the vein talking 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 call it. but yes, i mean, right now the word in the messy a place in duns off. but why is that foot capital income of china, for example?

it's still much lower than that of major invest in country. the factors 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 areas. exactly. we are set as i still emerging a be out of course, but i mean, not the size of our economy shooting for less because the end of it leave it even after all as growth. we will be in a few. we have 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 poor miss. so we have, we have not the us, but i think it's fair to say that we asked them and emerging country, but i think what is different about this generation is that we have stopped in thinking over some sort of static condition. the other chatted. big is, what was the only future is you don't, ends us from abroad when you come on us some help. and you know, every,

when does the in and out i, economists from the us will come and look to this, that india habitats into about how to improve our lights. that we have going prospect. yeah. and how to deal with the criticism from within the country that is fast. those are live here, have open in be sure, listen to it and have a lot as well. and so i think there is a feedback loop. in fact, we should take criticism even from abroad, but i, i always think criticism much more seriously from people who have a stake in the system directly 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 corporate crisis. if anybody in the world has an idea or how in get her done it took on me and the audience likes to glitz and goodman and all who had all kinds of use of how indifferent on medic, on me, we didn't listen to any of the electives we ran out economy and it's not something

i've been exposed me even at that time i went on television, i 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. some and 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, they're trying to balance that with the monetary side, which is a bad way of doing it and it's causing stresses, not just for them, it's most expensive for the rest of the what the u. k. come to me is it does situation the european economies enough, the place all of which because off are ridiculous policies that they will are 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 frame, the working group of the g 20. and i should meet that up people and i wonder exactly what would happen with the policies and executive that happened. a person

like who was so passionate, dental as amazing clarity has. i'm using the word boss as mr. moody, who is the list great listener and who also has an amazing passion for a country is not somebody, but cellphones as you know, yes. and so you have, you have to have done your homework done the math. 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 are 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, anyone 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 what i mean. obviously one of the patients is looking at history and things like that. so i go to a lot of hockey, logical sites, and things of that. and i pay a lot of sports, like which of the deal, relatively recently i used to be uh, you know, doing tie condo and play squash. and yes, yes, i live you, you come from a family of uh, lots of fighters, but uh, do your son is a mixed martial. lot. uh yeah, somebody said my list on the other one is uh and national uh, in fact, international level mixed martial, s find rubio. my younger son also does much lot to lose. not. he doesn't, hasn't chosen that as a profession yet. and yeah, so yes i, i like i like i do little bit sports when i was in college, for example, i used to do the batter lighting. 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 the 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,

no longer have the fitness for that professional level. got a whitewater kayaking and canoeing for since i had an instructor grade certification and kayaking and canoeing, so going down rough, rough rivers and things. so you can imagine my general attitude is uh, i like uh, a little bit of uh, uh, this is what am i doing? yeah. if, if you can get badly hurt in doing what the way you are doing it, 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 i need to do for you to go to the gym and i still play some sports. i occasionally play squash and so, but as i said, it is the mind is willing, but the body you achieve the joints of increasing these less really. thank you. thank isn't do finance. so thank 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, [000:00:00;00] the, the,

the that doing on august, the 6 ukrainian troops across the border and the launch the full scale and caution that the rest as coast region of, um, we could, we could start with the north focusing there, offensive on. so just battelle near the border, the soldier scrub was to several settlements. was seized with this uh, plan as well sir. so special models, the commercial subsidy ellipse video web studio with russian troops moved out to the bottles of counterterrorism. operation regime was imposed and the curse for the odds can spend the regents from a farm to legally carry the board in a supplier. and looking at that invoice reflects familiar to them as the level of

support canceled deals with a very close to listed in the study, the american with a long history of felonies in the us who also tried to recruit mercenaries before you frame. we take a closer look at the suspect and the 2nd assess the nation attempts on donald trump . this concept. ready about that versus you know, the range of the rest of the world, caring and generous on self concept. total law enforcement isn't convincing words. questioning how the gunmen managed to get close to the former president and saying the f b. i needs to take the possibility of