confused really was a better will's image. it just as a chosen few fractured images presented as fast can you see through their illusion going underground? can the category of that awesome photos. and so what i'm saying, the photos get available if you like video is of issue in come to my shopping. you my store the see the stairs to my video showing you. so the machine that you know, what the flip was wisdom official catering, is that it will say a for the right people. channels are we supposed to go to another for the city which the we have the same, but i think a funny else, but he's most of them i, let's just focus on

a story of them which days before just options like addition of washer they're going show contribution pleasure, bustos go sluggard, you know, but uh, the, the last 2 years we have been gathering base. yes. and now we have aging. the 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 rebuilding the 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 bought

it is a very special guest. make them send you sonya is very 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 cannot make floral named him a young global lead to up till february 2022 cents. we have send you 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'm asking as an ordinary citizen of this country, what does it mean to be economic advisory? consider because i've been having this 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 on a day to day basis. a small number of us. so they only 3 permanent members of our job is to look at say for example, what are the phones 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 some, or i may look at, you know, 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 eclectic. 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 prime minister. and they give suggestions that ideas not like writing this to me more this personally sitting and reciting, 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. and on basically running the economy and it's a very prestigious position to be in and it includes 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 points of in history. yes. 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 policies from our side. you know, finally the last 30 years we have been gathering base. yeah. and now we have aging that tipping point where police 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 a sense when this happened is very special, this sort of the development of this all the 50 position and the 3rd position hold us 3rd position happen. and so basically what is happening is that our economy is now growing very fast and reduced by some margin, the fastest growing a means that economy in the what the last year we grew at a point to present this eob. you should a girl by 7, by the end of that about me. 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, 16 years then it took 7 years to be going to the 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 does not too long ago that we became a 3 trillion dollar cutting. okay, after that, just to go just for us to get going for the economy, which we will become this year. okay. and then we'll take, looking more than 2 years to become if i look on it now, and then, so you see the comp, both people underestimate the co loaning 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 build up, same slope are ones that reaches a certain gap basis because they've got me. so even china, me what the same size as the economy in 9090. hm. so how do i get you by 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 your investment keeps happening. so um, from the government side we need to do physical info, infrastructure, soft investors to 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, and just so that creates the momentum in the economy created to the jobs and all of that. so that is one part of the, the 2nd part of what me to do is that 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 port us people in the country get some direct support. because while of the board, most of the boards values because the raising side, there are some of the people who are locked me. so for them you have to do direct benefits, transfer for them to be all of us. you would not have them be build houses, i'll give them some way of getting gas so i can easily move, move away from running a wood or non se, jelly waterways maybe basically do that. so these are the t 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 to form i traditional as, as to why. because with some 50000000 cases stuck in a judicial 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 us on time to the average citizen. so i think this is one big area of the phone we need to do in the next. i'm covering that happen. 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 the form of administration, usually since 1991 to now 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 a stream that back before 9091 they are pretty much allowed to do whatever they want to now be able to stream the what are we doing the following them. but now we

need to actually to form them so that the, the, the civil service can actually become service oriented and actually doing the things as opposed to new, like fix the roads to municipal services and etc, etc. but that audion vision has very additional 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 d o. c. and it's about controlling the population. we need to move us. that was, it was a very from that main set of controls to a mindset of service delivery. and that is again, one major form that we need to look. so there are 2 big reforms, both them in was getting the knitting 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 road blocks? so 1st, 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 16 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 is not the only thing you have to rebuild the whole team. and even the sense i would argue that we are trying to trigger something came towards the europeans, went through in the $1516.00 sentient, which is a renaissance, reimburse me. so when you go to europe and you see you say you go to floods and you

see those beautiful churches, you go to venice and l all you would, you know, see buildings from elizabeth and england. the idea is that you're seeing the cultural artifact spending by 2 loc effects, only one part of what happened to florence was a center for banking contribution to human civilization is actually double entry, book keeping. oh, simulating venison through contribution to the world is actually the stock market. now because the gym or anything all is well for all these commercial activities, they built all these fancy buildings and those being things. and you're not or via tech, to me at about the same thing you had gallon deal coming up, was the set scientific to changes. so what happens in the renaissance is that you have massive risk thinking happening at different phases of the same thing. so that's roughly the same thing that the shakespeare is performing. and the dog you also have francis drake. slocum,

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 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. it will 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 blows ourselves into some import substitution thing that goes on mindset me. no, we have a different lines that then we can go out of this and go 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. maybe what we almost one and then or defeated. so this switch is something that has changed. it's and it is not done yet. it's not god, i wouldn't say it's yet institutionalized, 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. is there any failure to suddenly said back that happening? the most important thing to understand is that if there are no failures happening, well, let me, let me and then no success is not their successes happen only when people are meeting the taking the risk affiliate. 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 because it means that other than that, the system as a whole is taking motors earlier on what we sort of difficult but even for whatever

reasons and some type of thing the company's benefits problems are there's public's like the private sector use our thinking was let's put them in a warehouse and we will use large amount of extra. busy money to pay you, but it's all going pretty what really to do to put in the energy and bankrupt itself, its assets and getting a me and we have discovered that doesn't cause cause any great disruption to the system. all that happens, those as good read the blood and here's the new company. comes even the height of good one of our largest deadlines. jenny is with bankrupt and you 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 bank up as a whole bad. nobody will have something. they took a 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've, i'm 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 arts. like all kinds of different kinds of things, flush 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 taking anything out of growth? does it matter to us? well, itself as i keep reading, well, a sort of method, but i think we shouldn't get to looked up about mr and validation beyond the points . but does it make you angry, the scores that civically are trying to, mandy permit us, that i'm and 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 is that they will china begin to big to ignore me. the same people who are saying no, no, singapore is not progressing. it's autocratic,

all kinds of things. so my view on all of this is in some ways and getting criticized to me is that right of passage we of the emerging 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 did last them to deal with joy a whole and some of those kinds of things that they wanted to do, i've tried to do what they've loved to do is to be, you know, the bbc in your hands that and then i move on thing judgments on the syllabus. a little bit at our poverty. other than that, it's up to 5. so the moment we begin to lose a billionaire gods and our this thing with the effect of the matter is the celebrated their own building and me, after all these people who are all these and yours who come and look to us and

about the problems in india are all funded by the rockefeller foundation ford foundation here i own vision and i, the sources opens this id on where the foundation now who is, who had all these people they're all built in those. yeah. so go to the limit that even though so the problem seems to be non white depending. 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 on us and it's going to be the same my money and i need that level of when you mock. 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 that. but, you know, the fact is that really does rather than good is this lot, we should back to them. but like we had one 6th of the worst population, we haven't like 216, and it was built in. i love that. how close, how do we do? i've never had

a self sufficient deposit. and that means that we have the financial resources to take place in the work means to be able to stand up for a dentist in the word. and we have demonstrated louie 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 a, 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 manufacturing the word that is just full 5 years ago. we weren't even in the big jump. so we are quite capable of being up minute 100. we should be very careful not to interpret optim neighborhood, or some sort of a clause or topic, kind of a mindset of, of isolation. 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 an usher in 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 print, the essentially in the vein talking about the world. and sometimes it's useful the short time for talking about the little bit of what we now close a little bit. so the whatever you may want to call it. but yes, i mean, right now the word of the mess, the place mm. uh, in duns, off of my left foot capital income of china, for example. it's still much lower than that of a major investor in country. the effective, insure, 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 does very much, much in many, many, 80 and 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, little growth we will be in a few. we have spend that was total largest economy. the other was the largest

population already. so when you divide one by the other, and we are also young nation means either young nation. we have apartments. so we have via not the us, but i think it's fair to say that the 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. do you have a chat at the guess? what was the only future? is it all ends 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 this, that india habitats and to them on how to improve our lights, that we have one prospect. yeah. and how do you deal with the criticism from within the country that is fast. those are live here, have open in be sure to listen to it and that would work 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 cold cases, if anybody in the world has an idea of how we can get her done, it took on me and do a noble audience likes to glitch. and goodman and all, who had all kinds of use of how indifferent on medical on me, we didn't listen to any of the electives. we ran out economy and smart something i've been exposed me. even at that time i went on television that wrote articles and clearly stated, we're not going to go ahead and 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 to western economies. i mean, the u. s. 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 mostly expressed as to the rest of the what the u. k. economy, the death situation, the european economies, enough of the place, all of which because off a ridiculous policies that they will a following, which at that time we want them about. it's not that at that time we want 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 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. absolutely. 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, anybody who knows me the, i am uh, always buzzed 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 patients is looking at history and things like that. so i go to a lot of lucky, logical sites and things of that. and i play a lot of sports like which uh, but do, relatively recently. i used to be uh, you know, doing tie condo and play squash. and yes, yes, i live, do you come from a family of uh, i know except fighters, but uh, do your son is a mixed martial. lot. uh yes, 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 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 go battled 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, i got a food. ios also used to be a no, no, no longer have the fitness for that professional level. got a whitewater 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 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 take the funding 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 occasionally play scorsone. 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 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

scott bennett. i'm a former united states army psychological warfare officer, really served in the state department counterterrorism office under investor del daily the . so i wanted to come here to russia in the dawn bass area and to gather the facts, to take back to the american people. the hold on bass of the front lines and this is where the bombs and the bullets are raging. this is where people are dying. this is where the buildings are. exploding the

all. i wanted to see 1st hand the scars of war, the acceptance. and i'm here to plan with you whatever you do. do not watch my new show . seriously. why watch something that's so different. i listed of opinions that he won't get anywhere else. welcome to please, or do you have the state department, the c, i a weapons makers, multi 1000000000 dollar corporations. choose your facts for you. go ahead, change and whatever you do. don't marshall stay main street because i'm probably going to make you uncomfortable. my show is called stretching time, but again, it's not, we don't want to watch it because it might just change the way you on the,

on the see the silver. so the move up to somebody how can it be that um the ship to the middle east from a country whose top officials constantly complain about shortages of munitions and military equipments through a low paying the boy a bit of boss low cream and maybe a little in your system with low grade level, nominal facility or some of those other slash we, i'm about the easiest way to not you know, so let us know. yeah, well, i'm an easy, some better novel, but a full well, nice to show kind of the piece that have gone on. well, why are weapons from ukraine spreading over the world? to turn this country into a major arms hub, will continue to bolster ukraine's and forces by rushing them occasionally use that they need to defend their country. everyone knows very well that we don't sell but known as pineapples or any kind of children's toys. we sell weapons. yes, we're also known in the world as items dealers that we must not be ashamed of them

. the mass general can see and welcome back to going underground will cost single around the world from the u. a. on the 40 seconds out of us review, k u. s. u on separate entrance, eli massacre, apollo sidney, and refugees in bay route. today the un security council meets once again in new york to discuss guys, 3 permanent members on the genocide, the usa, u. k. in front and to oppose it to russia in china, in nato countries, even the scale of the heart is diminished. one circled main stream media genocide, a widely used legal time has been reserved in the u. s. m. 5 and nato's official enemies. never for nato countries when they come.