bank's decision. there are two major factors that will be on the mind of officials of the reserve bank officials of the reserve bank of indiaas they deliberate on monetary policy. economic growth as well as taming inflation. india grew at a very strong 8.4% in the fourth quarter of 2023. inflation moderated to around 5%, but still remains above the rbi target of 4%. so officials will also be cautious. india is heading into an intense summer and policymakers will also be hoping for a normal monsoon. there have been warnings of a heat wave that could affect agricultural production, once again threatening crisis. globally speaking, all eyes will also be on crude oil prices, which, if they remain high, then the rbi will also have to factor in the impact of high energy costs into inflation. considering all these factors, rates are likely to remain unchanged, say experts. add an event earlier in the week the prime minister said that rbi must purchase economic growth, but it the same time ensure trust and stability. a member indian elections arejust two stability. a member indian elections are just two weeks away, so economic poli

on friday, the reserve bank of india is expected to keep interest rates on hold. try has the highest growth rate of major economies at moment and inflation is around the 25% range. southeast asia has found itself as a key battleground in tensions between the world's two largest economies. both china and us have stepped up their investments in the region. last month gina raimondo visited the philippines and thailand, pledging over $1 billion in spending in manila and saying to deepen economic engagement in the indo—pacific. meanwhile, china's investment in the region rose by more than a third. 0ne provider measuring this is a company setting up corporations when they expand internationally. the chief executive told us by the region is attractive to investors. we are a gullible _ is attractive to investors. - are a gullible platform but we are a gullible platform but we are across the world and have a particular strength in asia. we are starting to see an increase in demand for support for those essential business services, for new entrants and especially for new ent

and on friday, the reserve bank of india is expected to keep interest rates on —— on hold at its meetingat the moment and inflation up around the 2.5% range. staying in india, tax authorities there have served notices seeking dues over $400 million to the country's principal opposition party. in protest on sunday, the party and other opposition leaders held a massive rally accusing the ruling pgp of misusing central agencies to intimidate india's opposition ahead of elections that started month ——. the congress party calling this tax terrorism by the ruling pgp saying that authorities have reopened eight years of the party's tax returns deliberately ahead of elections. the congress party saying they will fight this legally but also taking on the fight outside the courts as well. on sunday, the congress along with other opposition parties won a rally in delhi to protest what they call the pjp's intimidation tactics. the congress party complains that the tax agencies have already frozen $16 million of their funds saying all of this is making it hard for the party to spend on campaigning ah

of these potential u.s. interest rate cuts and also the central bank's out of china and india. of pushing up and driving up that price. the chinese central bank has been doing this for 17 months straight. and also on the currency front, you had the dollar a touch higher. almost all of them near their you to date lows. traders have been this fixing level where the bank officials basically set where the onshore rate can trade in a 2% trading band. they kept it just below 7.1 which means if you get the onshore right now, it is already kind of near to that year and trading band. a lot of depreciate in pressure here. to see what this means from the policymakers taking more forceful measures to defend the currency. >> we thank you. we will stay in internet because hsbc osseo says he is pushing to improve his banks wealth management keep abilities in china and india. just as strong in its home market. he was speaking is closely to david ingles earlier. >> in 2020, three to four in our personal banking business in hong kong. we saw significant customer acquisition growth. we saw -- we

and china still dwarf in terms of growth domestic product, india could become the leader in global economic growth. >> many of the world's investment bankskeyed in on india as a real destination right now. morgan stanley, goldman sachs, barclays. >> with so much investment coming in, companies around the world may soon need to have an india strategy. but what will it take for the country to get ahead? for now, china still holds the crown as the main driver for global economic growth. it's economic opening in the late 1970's only accelerated after 2001, when it joined the wto. >> it was the country that attracted foreign investment. it was the driver of foreign markets and global capital markets. every company around the world needed a strategy to deal with china. >> india did not start to liberalize its economy until the 1990's, and it has been a slow climb sense. but with current levels at about 7%, growing just a bit faster is all it needs to surpass china. >> india's per capital income has grown sevenfold from the early 1990's to now. there has been significant progress in the financial markets. >> these boxes represent economic growt

the reserve bank of india is coming up with measures that affect certain parts of the currency derivativesion there and stop taking fresh money for investing overseas so you can see authorities coming into sort of control the optimism in the finance sector because they do not want unbridled growth or paid to get to a point where it becomes unsustainable and then you see the cycle turn and that obviously would not be good for jobseekers or those looking to move. annabelle: and then there is the risk perhaps that india may be does not open up perhaps in the way that has been expected by some of those people moving in. is there risk of that happening and also perhaps we start to see china picking up again that market we see fund flow shifting back. >> absolutely, you are right, that is a risk and india has flip-flopped on the opening up in the past where it eases currency restrictions and brought them back on for good reasons but it still has reintroduced controls on capital. there are a lot of things moving in a systematic direction toward opening up for india such as gift city, a financial

meanwhile, maybe a little bit too far according to bank of america you get the reserve bank of india policy rate by 100 points in the next two years. but there's a feeling from bank of america that maybe that's a little bit too aggressive. if we take a look at our stocks, well it's in line with what we've seen across the rest of asia at the moment. the sensex better by a quarter of 1%. the nifty rising by a similar amount. pretty much echoes the risk on tone that we've seen across the region. we are still waiting to connect with our next guest. while we achieve that, we will take a short break and we will be back shortly. this is bloomberg. ♪ paul: shares of europe's big where -- biggest software company rose the most since january after it forecast record revenue expansion. the cfo told us it's all down to the boom in artificial intelligence. >> the advent of ai has clearly propelled the story of the transformation for the cloud to move our customers from -- resulting in an uptick of 25% in our cloud revenues. our more forward-looking ccv which is the 12 months ahead subscription rev

who is a co-founder and head of research at fundstrat and profess ragu, governor of the reserve bank of indiaity school of business. i want to start with you, incredible just to see how quickly the market narrative has changed from expecting a rate cut in june to some economists saying not at all this year. you've been in the seat that powell is in, different country, india, but how you think he navigates this complicated scenario we're in, hotter economy with the inflation remaining much higher than expected and at the same time rates also staying higher, the impact that could have on consumers? >> yes i mean clearly we've had three strong readings of inflation, one you can dismiss, the january one, but the next two basically suggest inflation is not coming down in fact it's going up. if you looked at the mueasure te fed has looked at the super corps measure of inflation taking out housing it's gone up 8.2% rate over the last three months this is something to worry about. is inflation coming down steadily as it seemed at the end of last year or is it having a new set of legs and moving up? s

in india that we had the reserve bank of india hold rates as expected. that we were expecting the rv i do hold rates at 6.5%. the governor came out and said food price inflation is troublesome, very volatile but there will be keeping a close eye on it and he thinks consumption can hold up india's economy which is growing at close to eight percent and we are canted into elections, so it is a volatile time for the country. lizzy: we will stay in asia because janet yellen is there in china on her latest visit, her second trip to china in nine months, and she has got a pledge to work toward a better economic ties but is worn chinese overcapacity and manufacturing poses risks for the rest of the world economy. let's bring in bill faries. i was her message likely to be received? >> you summed it up very well. she was showing up with the message that the two countries can work together, and the fact that she is there on her second trip in just nine months is a turnaround from where we were a year ago when we went almost an entire year without the two sides talk

india, frank lavin. the world bank has upgraded the growth rate for india in 202a. but that's likely to come down next year below estimates ofbc breaks down the good and bad. 0n on paper, india remains one of the fastest—growing economies in the world, well on track to overtake france and germany and become the third largest economy in the next three years. this report card is being sold by prime minister narendra modi's government as elections near. they arejust two weeks away. the world bank in its report said south asia is expected to remain the fastest growing region for the next two years and india form the largest chunk of that, but it also cautioned that countries need to boost private investment and strengthen employment opportunities, both countriesly big concerns in india. the international labour 0rganisation says unemployment in the country educated youth has doubled from around 35% to 65% between the year 2000 and 2022 and also as a proportion of the gdp, private investments have fallen to i9% in 2020—21 from a peak of 27% in 2007 to 2008. and notjust that. according to the world inequality database, inequality

coming up, we previewed the bank of india's rate decision.credence family office expects. more on that, next. keep it here with us. this is bloomberg. ♪ ♪ haslinda: welcome back to "bloomberg markets: asia." you are watching india focus. futures pointing to a flat open. india's central bank is releasing its latest policy decision in the next hour. economists surveyed by bloomberg expect the are b.i. to keep rates unchanged for a seventh straight policy -- the rbi to keep rates unchanged for a seventh straight policy meeting. why is th -- why are they expected to remain flat? >> this will be the seventh policy meeting where the rbi will be keeping policy rates unchanged. that's primarily because of high inflation and high growth. inflation is higher than the rbi's target range. rbi's governor has repeatedly said that rbi is not going to start easing anytime before the inflation comes out the 4% target rate on a durable basis. that is the number one reason. the second reason is, of course, high growth. india remains one of the fastest-growing e

but the world bank warns growth will then start to come down — below the estimates of india's centralwn the good and bad. it still remains one of the fastest growing economies in the world, on track to overtake japan and germany and become the third largest economy in the next three years. if this report card that has been sold by prime minister narendra modi was in a government as election is near. just two weeks away. the world bank in this report said south asia is expected to remain the fastest—growing region for the next two years and india forms the largest chunk of that. countries need to boost private investment and strengthen employment opportunities, both currently big concerns in india. the international labour organisation says unemployment in the country among educated youth has doubled from around 35% to 65% between the 2000 and 2022 and also come as a proportion of the gdp, private investments have fallen to 19% in 2020 private investments have fallen to i9% in 2020 one from a peak of 27% in 2007-2008 and i9% in 2020 one from a peak of 27% in 2007—2008 and also accordin

of capital into india demonstrated by growth. barclays has been in india for 40 years. we have perhaps the most balanced bank outside of the u.k. india across the private bank, investment bank, and corporate bank. i think what you have seen is true change in investors mindsets to find stability and growth. i think that is the migration from china towards india as foreign capital has, for the last 20 years, been fully invested in china and the growth story in china. i think with some of the geopolitical concerns we talked about previously, that capital is now migrating towards india. it does not mean it will migrate entirely, of course not. look at the scale of what china has. but undoubtedly, india has positioned itself as a my new factoring center, and -- as a manufacturing center and energy center with significant demographic and gdp growth prospects. haslinda: people say it is a buying opportunity. stephen d.: what you have seen investors do is through each election, this year on this planet we have more elections and we have ever had in the democratic world. i think you will see markets reacted changes in politics. capital

but the world bank warns growth will then start to come down — below the estimates of india's centralhe fastest growing economies in the world, well on track to overtake japan and germany and become the third—largest in the next few years. this report card that is being sold by the moody government as elections near, they are just it two weeks away. south asia is expected to be the fastest growing region for the next two years and india forms the largest chunk of that. it also cautioned the countries need to boost private investment and strengthen employment opportunities. both currently big concerns in india. international labour says that unemployment in the country among educated youth has doubled from around 35% to 65% between the year 2000 and 2022 and as a proportion of the gdp, private investment has fallen to 19% in 2022-21 private investment has fallen to 19% in 2022—21 from a peak of 27% in 2008. and notjust that. according to the world in a quality database, inequality in india has widened to a 100 year high. returning to the numbers there are bright spots but in order to m

inflation dynamics according to a "�*state of the according to a �*state of the economy�* report released by india's central bankmumbai. well, as india's central bank aptly puts it, there is a sizzle here in the spring in india as the mercury rises above 40 degrees in many parts of the country. and that could pose a risk to inflation, according to the rbi's latest state of the economy report. now, prices havejust begun moderating here, but food inflation remains high and bad weather is a potential source of risk to overall prices shooting up again. add to that prolonged geopolitical tensions, which could keep crude oil prices volatile and add to india's inflationary worries. india, remember, is a net importer of crude oil, so any price shocks globally can have big impacts locally. now, the other big concern that the rbi has raised in its report is on long term growth. this may be the fastest growing major economy in the world, but the central bank says india will need to grow at much faster levels, around eight to 10% every year over the next decade. if it is to reap its demographic dividend, which is the econom

so this is india's first underwater metro line and we've just plunged about 100 feet under the river that connects kolkata with the twin cities of howrah. 0n the other bank one example of the ambitious upgrade that many of india's creaky public infrastructure assets are finally getting. a swanky bullet train is another. it's a showpiece project of prime minister narendra modi. the upcoming $15 billion high speed rail route will connect india's financial capital, mumbai, with ahmedabad in gujarat. the infrastructure blitz has been a key driver of india's galloping gdp, and projects are getting completed faster than ever. the timelines have shrunk. timelines, which used to be five years, six years, seven years. so i'll come to two years, two and a half years, three years in terms of logistics, if you look at it. india hasjumped 38 places higher. crisscrossing the country to unveil these mega projects has been india's prime minister, narendra modi. his government has spent over $100 billion every year for the last three, building highways and sea bridges. this infrastructure focus is expected to pay rich election dividends for the prime minister. but has it

bank of indonesia. are there key vulnerabilities in these more frontier aspects of asia and central-bank policies there? >> indias a great example. they have an fx ability mandate. the rupee moved above 16,000 two the dollar, and because of that the goal for fx ability they decided they needed to raise rates. indonesia is probably one of the better examples are one of the more fx focus central banks in the region, but that dynamic waiting longer to cut, or even in the case of hiking is something we will continue to see if we do not get a relatively dovish message from the fed over the next couple of months. annabelle: does the boj need to be more fx focused? we see the weak yen getting close to 160 and perhaps dampening consumption trends? >> on friday governor ueda did not express a lot of concern. the yen is down 10% year-to-date to date but implied that is not had too much of an upward effect on inflation and will probably take the outlook report suggesting it will take until 2026 for inflation to sustainably get back to targeted, so i think the message from the boj was we need to normalize policy very very s

of terra suspect. and the world bank has revised its outlook for india. is economy we talking about a possible projection of 7 percent growth that will come shortly after 5 minutes to moody, the national bank to prepare a strategy for the global accept it. and so if it's currency, the rupee, we have to enhance about it. so you cannot make self reliance, we have to endeavor that our economy should be least affected by global adversities . today, part of it is becoming the engine of global growth with 15 percent in global g. d. p growth. in the circumstances, we should endeavor that our roop is more accessible and acceptable globally. well, since i know the 1st of office in 2014, the size of india is economy has doubled. it is now outline the strategy that would shape the next 10 years. the indian leda has always the banking system to focus on the needs of whole economic sectors, the se, the south asia strategies to adopt a while a while, and says a new plan to help india to strengthen its role as a global power. it's actually, this is a very ambitious plann

of india's economy has doubled. but it's now outlined a strategy that would shape the next 10 years. the india leaders of the banking system to focus on the needs of old economic sectors and south asia strategies to talk to while a wide says the new plan will help india strengthen its role as a global power. actually this is a very ambitious planned by the problem, but the steps to is the financial sector is beating a 3 days conference started in the today in bombay. so therefore, the prime minister wanted to see the india and the girl is a, a global achievable. and also in the become the, an example for the leading the solid solid corporation. therefore, he wanted to see in the movie guide and then taking its position as a global india has been on this road for some time. now. they've already started said cd with the fees in the neighboring countries like bundle or they some of my life get a new pod, a city like got it on and even the but i sure and also you a, i think the india is a member, an active member of the rich guntee which or the haven't moved away from the, the, the zation on the 3 d as a part of that or

so this is india's first underwater metro line and we've just plunged about 100 feet under the hooghly river that connects kolkata with the twin city of howrah on the other bankst one example of the ambitious upgrade that many of india's creaky public infrastructure assets are finally getting. a swanky bullet train is another. it's a showpiece project of prime minister narendra modi. the upcoming $15 billion high—speed rail route will connect india's financial capital, mumbai, with ahmedabad in gujarat. the infrastructure blitz has been a key driver of india's galloping gdp, and projects are getting completed faster than ever. the timelines have shrunk. timelines, which used to be five years, six years, seven years, all come to two years, two—and—a—half years, three years in terms of logistics, if you look at it. india hasjumped 38 places higher. crisscrossing the country to unveil these mega projects, has been india's prime minister, narendra modi. his government has spent over $100 billion every yearfor the last three, building highways and sea bridges. this infrastructure focus is expected to pay rich election dividends for the prime minister. but has it c

the of the world bank revised up it's, i would look for india is economy projecting a growth now of around 7 percent. we come shortly after the prime minister under, under moody, the national bank to pass top of the for the global acceptance of it's covered and see the ruby we have to enhance about so you cannot make self reliance. we have to endeavor that our economy should be least affected by global adversities. today, power it is becoming the engine of global growth with 15 percent in global g. d. p growth in the circumstances, we should endeavor that our roop is more accessible and acceptable globally. it now says net on the movie slash to go off has been 2014. the size of india is economy his doubled. but he's now outlined as prodigy, the wood shape the next 10 years, or the indian leader has, is the banking system to focus the needs of all the kid. i'm expect us and be ready to meet credit requirement for my old vendors. are the initiative comments i made reported negotiations of a free trade agreement between india and the region economic union block? and that will reduce customs d

it is been rising on the back of geopolitical risk buying from central bank including india and chinaix down currently but elevated at 16.65, a level not seen in very long time. 10-year yield, 4.552. that is it from bloomberg markets: asia. david middle east and africa is next. keep it here with us. this is bloomberg. ♪ her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees.

finance ministers world bank, globalfinance ministers and bankers meet in the us to discuss the future of rates and central bank policy and the world economy. over the next six weeks, indiate in an election where prime minister narendra modi is contesting a third term. archana shukla takes stock of the cost of the largest democratic exercise in the world. the stage is all set. 970 million indian voters decide on who runs the country for the next five years. the scale and magnitude of this election bigger than ever before. 5.5 million electronic voting machines, 15 million polling officers, and a million polling stations. indian elections are the most expensive in the world. more than $8 billion were spent in 2019 general elections, and this year the numbers are expected to double. interestingly, the cost of conducting elections isjust 15% to 20% of this figure. the rest spent on political campaigning more than ever. political parties are flush with cash, mainly through something called electoral bonds, a controversial scheme that allowed for people and companies to donate anonymously to political parties. $2 billion were raised through these bonds until february, when su

india's first underwater metro line. we've just plunged about 100 feet under the hooghly river that connects kolkata with the twin city howrah on the other bank. this is just one example of that many of india's creaky public infrastructure assets are finally getting. a swanky bullet train is another. it's a showpiece project of prime minister narendra modi. the upcoming $15 billion high—speed rail routes will connect india's financial capital mumbai with ahmedabad in gujarat. the infrastructure has been a key driver to india's galloping gdp and projects are getting completed faster than ever. the timelines have shrunk. timelines which used to be five years, six years, seven years, it's all come to two years, two and a half years, three years. in terms of logistics, if you look at it, india has jumped 38 places higher. criss—crossing the country to unveil these megaprojects has been india's prime minister narendra modi. his government has spent over $100 billion every year for the last three, building highways and bridges. this infrastructure focus is expected to pay rich election dividends for the prime minister. but has it come at the expense of other parts of india's e

you know, we can look at the wells of business and economics this week. india is economy is on the rise. and of all the bank says the nation is beating grows and south asia. bucks on the venture moody's economic policies benefits in all indians. turning off industrial facilities to us and spending billions of dollars of slash greenhouse gas emissions. a steel mills so many long entry inspections and microsoft and bundles m. s, teens and m. s. office. often your pin anti trust scrutiny. millions of uses will now have to buy the chats and video separate names. india is one of the worlds fastest growing major economies, costing global invest as much of the progress as happens in the past 10 years. and the prime minister in red drum moody, he's buying fuel math and cheap month window is a very interesting sell a full time and office in general elections tossing later this month. many indian se they are the best out of boss observers say the wealth gap as white. and i took a look at some of the numbers in india as well. the 5th largest economy in the world up from 9th position hauff a century ago. by 2030. it's

bank. most of that is attributed to india is economic performance. neighboring countries, levels are recovered from the pandemic, but poverty and unemployment. us 2 major concerns. now fernandez reports from the shoreline capital columbus, strong growth fuel by rapidly increasing investment and government spending drove the indian economy to grow by more than 8 percent in the find. a month of 2023. the world bank says this helps out asia is growth that goes, which would announced in the report launched in columbus on tuesday, outside in the however, growth in much of the region has low to pre pen demik levels itself. asia raised its change to g d p. ratio and a tool to the emerging marketing, developing and call me iris. the boss would be the same and if it's raise the capital flow, it's cop to the called openness to be measured marks and developing on the average, the probability of sparking a private sustain private investment acceleration could be about one off high a report shows an average of 60000000 people in south asia has been affected by climate change every year. for the past decade

of 2023. the world bank says this helps south asia is growth that goes, which would announced in the report launched in colombo, on tuesday, outside india. however, growth in much of the region has low to pretend they make levels. if south asia are raised, it's changed to g d p ratio and a tool to the emerging markets, developing called me iris. deposit would be the same. and if it's raise the capital flow, it's kept to the call and openness to be measured marks and developing on the average, the probability of sparking a private sustain private investment acceleration could be about one off high of the report shows an average of 60000000 people in south asia has been affected by climate change every year. for the past decade. the governments cannot afford to adapt the number shows south asia of perform best among emerging markets and developing economies. but the world bank says regional growth is driven largely by india. countries like sure lanka are still struggling with limited private investment and rising unemployment and policy upon the discussion of the release of the report highlighted some of the obstacles. blocking groove par

the palestinian authority which controls parts of the occupied west bank is under pressure from the us to play a part in post word garza. india's opposition parties have held a mass rally in delhi as follows, the arrest of a senior opposition figure in connection with a long run. incorrect corruption, pro, protest or say india is democracy has been decaying under prime minister in the rend remote e who's teaching a 3rd term. and next month's general election of the kayaker is missing in western france. after heavy rains and overflowing rivers flooded several regions, authorities are expecting a 100 year flood in some areas, with water levels rising up to 7 meters and 500 emergency workers have been mobilized. well, christians around the world are celebrating the most important day in the church calendar for the faithful easter sunday march. the de jesus christ was resurrected . 2 days after his crucifixion of frances used his eastern message at the vatican to appeal for an end to the fighting in the middle east. easter christianity's holiest holiday. as is customary pope francis let this use easter sunday services in the vatica

so this is india's first underwater metro line and we've just plunged about 100 feet under the hooghly river that connects kolkata with the twin city of howrah on the other bank a showpiece project of prime minister narendra modi. the upcoming $15 billion high—speed rail route will connect india's financial capital, mumbai, with ahmedabad in gujarat. the infrastructure blitz has been a key driver of india's galloping gdp, and projects are getting completed faster than ever. the timelines have shrunk. timelines, which used to be five years, six years, seven years, all come to two years, two—and—a—half years, three years in terms of logistics, if you look at it. india hasjumped 38 places higher. crisscrossing the country to unveil these mega projects, has been india's prime minister, narendra modi. his government has spent over $100 billion every yearfor the last three, building highways and sea bridges. this infrastructure focus is expected to pay rich election dividends for the prime minister. but has it come at the expense of other parts of india's economy? agriculture hasn't done well, and agriculture supports a large part of the population, so the rural in

haidi: as you said, possible rate hike from the reserve bank of indonesia to shore up its currencies. >> india a better position. india is benefiting from strong capital inflows, both from the bond and equity side. india, if anything the r.b.i. has been buying dollars in recent months. it has moved higher but not significant lee so. we continue to look for indian rupee outperformance. we hold trade recommendations to buy the rupee just based on that view that it will continue to do better. we don't really see risks of a rate hike in india. admittedly, the r.b.i. is not moving quickly to cut rates either. we are watching inflation evolution in india. we think as we move into the second half of the year, later into the third quarter, we could see a rate cut from the r.b.i.. certainly no prospect of hikes to protect the currency in india. it is something we may see in indonesia. but unlikely to see that be replicated in india. haidi: let's get back to a breaking story that came out the last 10 minutes or so. you are seeing the stock climbing and after hours so far. we are hearing that it could be

assassination attends were simply washington in for the rest of a chief minister in new delhi was an election interference with india foreign bank saying it was the us itself that was meddling. the recent remarks where the state department of unwarranted any such external invitation or not, electronic and legal processes is completely unacceptable. and india legal processes are driven only by the rule of law. anyone who has similar the plus specially federal democracies should have no difficulty in appreciating this fact on a former india and have asked that defect voter says that there's a difference between words and action. when it comes to closing up to new delhi, there is sometimes a shadow between the world and the action of people in india or no data needed. any more advisors saying we love you guys and then get us in the band. so that used to happen, not anymore. so i do believe that these statements shouldn't be taken with the share florida assault. and we believe that the actions if they are taken with then convince us of this and saturday and trustworthiness of our partners, whoever they are very, very busy and nice t

of india is economy has doubled. but hayes now outlined those prodigy that would shape the next 10 years of the indian leader has. there's the banking system to focus the needs of all the king i'm exec, cuz it'd be ready to meet credits. requirement from old vendors of the initiative comes i made a reported negotiations over to free trade agreement between india and the your asian. you cannot make a union block and that would reduce customs duties on a number of goods within the raisins of your region. the blog russia remains india's top partner with bilateral trade was almost 50000000000 dollars last year. payments between them are also made in national covered seas. for ibm, support helium, serious, there are no problems in determining the means of payment for the black gold exported by russia. the priority is given to national currencies. this makes it possible not to depend on the so called rules of the game imposed by the west when carrying out the banking transactions. and to delve deeper into the topic let's cross live to dump till while a wide south asia street strategist and that distinguished advisor of the pillow. toma fo

of unsynchronized bank policy, where are the opportunities? where do you put your money? >> as i said, in terms of the single country risk, the obvious ones for the long-term are still japan and india. in the short-term, we move to slightly more neutral on indian equities given some of the valuations and upcoming elections, etc., but over the long term, india, great engine of asia, japan different dynamics, but a lot of pushback on japan given the consensus tag it has at the moment. from what we are seeing, we still see foreign investors underweight japan, and that's even before the actual domestic investor gets involved. 7 trillion u.s. dollars sitting in cash and deposits waiting to be deployed as the inflation picture picks up. japan, i think, also a good diversifier in the fact that they really want inflation and everybody else does not. japan and india are a single country, and there's still a lot of income -- a lot of yield you can get in fixed income markets type of maturity bonds, and on sectors, rotating, again, may be taking a little bit of rotation away from tech and into some of the slightly more safe haven consumer staples, etc., as we move into not only a higher infla

a lot rom, just political jump in that mixing of religion and politics, worries many experts if you take good, why doing peers in india, social fabric banks, we've got a documentary about a legal build money. thanks for watching the big ultima video companies play a role in the destruction of the rain forest. the letter for luxury cost often comes from illegal capital funds in the m as in yet the supply chains does matter to the automobile industry. the illegal of the stats may said on d w good low end.

of them. new zealand is in a recession, not doing anything. india with declining inflation not doing anything. you get the sense that they're waiting for the central bankidi: rbnz was at the forefront of the cycle, so there is extra attention being paid. idiosyncrasies with the australian economy extends to new zealand. different picture when you look at the other economies, japan and china. not expecting massive policy shift as we get improvement in indicators, credit numbers and producer price inflation this week. on japan the expectation is they will take longer to get to the point where there is momentum. paul: currency is a big part of the story. you get the sense maybe japan has bought breathing room. not a great deal of movement in the yen, around 150. interesting week to see if we get intervention. we've got alicia her era, chief aipac economist. we were discussing central-bank action and everyone is sitting on their hands. to what degree do domestic issues take a backseat? alicia: not enough to cut before the fed is the situation in and that is good news because if anyone were desperate, currencies would be hit like never before. nobody wants

too much, but as we have seen in the past, this kind of boom can last a lot longer than the bank would like, and i think that is the case with india. haslinda: is it justified to take money out of india to go to china? we are seeing increasingly being done, and people say it is an inflection point, but from what you are suggesting, it's not the right move. >> with china, i believe the place to look would be the government companies. as you know, xi jinping really wants to have the government companies dominate the chinese market. you might want to look there, but again, when you look at the metrics, when we look at return on capital and even some of the other valuation metrics, you find that it is not really that attractive. in other words, there are not that many bargains you want to go into, not only because of the change in government policy but because the economy is also -- has also been slowing. in the past, you could throw money at anything and it would work, but now you have to be a lot more selective, and for that reason, we are watching it very carefully and maybe picking one or two stocks that might be able to perform,

some have such good stories that they can go up regardless of whether central banks are delayed. one is india. the others i would not say have superstrong stories. so yes, domain rate cuts act as headwind on stock markets. haidi: what do you see for japan, given we see the boj and we've got a graphic, it was soft against the u.s. dollar, these are multi-year lows. how long do you see that persisting and you expect a positive boost? mark: first thing, i never thought it would be at this level, so i do not quite understand. most undervalued currency in the world by a long shot and to give you an illustration of that, the minimum wage in japan is about five dollars. which is one third of the minimum wage in california. it is a competitive economy because of this. yes, there is imported inflation, but i think the japanese can handle it. it is a developed middle-class economies so in aggregate, i believe weak yen is of benefit to them and their companies, 40% of revenues are overseas. i presume that will rise because of weaker yen so now will we stop here? it should but i don't think bank of japan

this is india's first underwater metro line, we havejust plunged 100 feet under the river that connects kolkata with the twin city on the other bank. this is just one example ofg. a swanky bullet train another, a show piece project of the prime minister narendra modi. the upcoming high—speed rail route $15 million well connect the financial capital mumbai were direct. the infrastructure has been a key driver of india's gallopin gdp and projects are getting completing faster than ever. the timelines have shrunk, they used to be five years, six years, seven years, have come to two years, 2.5 years three years, india hasjumped 38 places higher. years, india has “umped 38 places higher. criss-crossing the country _ places higher. criss-crossing the country to _ places higher. criss-crossing the country to unveil - places higher. criss-crossing the country to unveil these l the country to unveil these mega projects, has spent in india's prime minister, narendra modi. his government has spent over $100 billion every year for has spent over $100 billion every yearfor the last has spent over $100 billion every year for the last three. building highways and bridges. t

of rubles. users lost access to money from qiwi bank electronic wallets on february 21, when the central bank revoked his license. and western sanctions against russia are hurting india's industry. this was stated by the ministry of foreign affairs. countries there noted that the republic intends to solve this problem in the near future, india now accounts for 90% of all world cutting, restrictions on the import of russian diamonds came into force on january 1, and from march 1 , the supply of stones processed in third countries was prohibited. it was economic news, briefly. hello buddy! it’s faster and more convenient, thanks for teaching me, this is who else taught whom, vtb, together everything will work out, from a dream to a home, one home-click, and you are sure that you chose me yourself, whether you definitely choose a fashion blogger at bigfest , chicken hit for 79 rubles and other offers at a very favorable price price, and even more profitable with a 50% cashback from alphabank, it’s delicious, period , you have a form, for baking, for squatting, try it, just like that, so, i liked the trial lesson, but save up for a subscription and a vtb savings account. r

bank's wealth management capabilities in china and india. we spoke to him exclusively as the bank hosts its first global investment summit here in hong kong. noel: in 2023, the performance ofur wealth and personal banking business in hong kong, we saw significant customer acquisition. we also saw around about 50% growth in our insurance and wealth business, in terms of new business last year. the facts are wealth management is continuing to develop and grow in hong kong. the liquidity base in hong kong today is higher than pre-covered levels. --pre-covid levels. i still see for hong kong is a vibrant financial center. capital markets are subdued but that is a function of still coming out of covid. the economy is waiting to recover, but we have seen early signs of the debt capital market starting to pick up as well. the facts support that hong kong still is a vibrant financial market. david: you are set to report your first quarter earnings in a couple of weeks, so you can't give the details, but we just wrapped up the calendar quarter, how do you think the quarter went for you guys? noel: 2023 windex family well, over $30 billion of profit. that is a combination of the har

i was used to do little bit of programming and i already and both of these rep just companies are coming new into india and my bank has been rich and they could buy that. and so in project financial or doors, you know, like a lot of projections for a company, how much they were doing next part of our after 5 years that offered them, you know, so you like a millions of calculations to come over that apart. i would put program them, you know, those base below test one for pretty, you know. all right, so my letter is called the excel sheet to be i would do a little bit of what do you mean by just put it in computer and take it to my boss? i'm your thing. glad to do come boss. you come off the month. so, but he can tell you, say what 0 good change this, but i'm gonna do is by 5 percent out of the super. so just keep you busy. yeah. so he probably wouldn't get there before the next one month instead of after 5 minutes . i'll go back and do it, but i'm saying now this is, i mean if it gets got to get it done, after 5 minutes, we'll try to find mistakes. but there won't be any mistake amended this stuff to exchange. so w

i was used to do little bit of programming and my already and most of these we have just companies are coming new into india and my bank has been rich and they could buy that. and so in project financial or doors, you know, like a lot of projections for a company, how much they were doing next part of our after 5 years that offered samuel. so you like a millions of calculations to come over that up on i would put program them you know those days for low test one for pretty you now. all right, similar is called the excel sheet to be i would do a little bit of the programming, but just put it in bumper and take it to my boss. and you would think, why did you come boss? you come off the month so, but you can tell you say what 0 good change this. but i'm gonna do is by 5 percent out of the super. so i'll just keep you busy. yeah. so he probably will keep me busy for the next one month instead of after 5 minutes. i'll go back and give it to him, saying mouse, this is, i mean, big is gotta get it done. after 5 minutes, we'll try to find mistakes, but there won't be any, it was pick amended this stuff to exchange. so what hap