00:00Hi, I am Pragati and you are starting to see Good Returns.
00:04Weekend of the day, when we went to GDP, it was a great deal.
00:07It was a great deal.
00:09Weekend of the day, we thought about it was necessary to talk about it.
00:14Because events were happening and it was a lot of questions.
00:18So, if we talk about GDP, GDP is 7.8% growth rate.
00:24It was a great deal.
00:26It was 6.7% and 7.8% growth rate in the first quarter.
00:33Also, the CEO of the US, Xi Jinping and the Prime Minister of the United States.
00:40The Prime Minister of the Russia and the Prime Minister of the United States.
00:43So, what will the impact of the international relations of the United States?
00:48The trade will start from the US.
00:50How will the impact of our economy?
00:52GDP of the Arctic has the unique liquidity in the next quarter?
00:59Under the current driving factor, we will spend a lot of time.
01:01In this every case, we will be using these things.
01:04We will also have the bankrollers, Good Returns,
01:09our manager, Pankaj Mishra,
01:11who is One India, English and Keshav Khanna.
01:16So, we will start with you from the UK.
01:18Thank you Prakati and let me tell you so for the April June quarter the GDP as you said
01:45draw 7.8% which has stopped now RBI expectations also of 6.5% and if you see in the previous quarter
01:53previous three months India GDP had grown 7.4% also in the last year in the same quarter GDP had
02:03grown 6.5% so like I said last time Prakati when I met you that you know India is going to be the
02:09fastest growing economy even in this year this financial year and it is mostly driven by
02:15consumer sentiment investor sentiment which has been boosted by you know by development in most
02:22of the sectors and if you see this impact on the stock market we can see that Nifty and Sensex are
02:30both up Sensex is up by 554 points so market is still digesting because it's been some time you
02:39know this tariff bombs that President U.S. President Trump is dropping every day from 25 to 50 and now
02:48there is retaliation on that so finally some good news and the stock market is absolutely
02:54impact you know reacting to the news you can see IT stocks which are also in green that is mostly
03:01primarily driven by the news that the Federal Reserve the U.S. Federal Reserve is going to
03:08probably cut rates in September earlier than later so that is the overall picture
03:17of the U.S. Federal Reserve is going to be the highest priority of the United States of the
03:27United States of the United States of the United States of the United States of the United States of the
03:30foreign
03:37foreign
03:44foreign
03:49foreign
03:54foreign
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04:29foreign
04:35foreign
04:41foreign
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07:43The two indicators tell us that the government of the economy, which has been targeted by the dead economy, is formidable.
07:55There are dips, but the recovery is so fast and consistent.
08:02I think that the government of the internal economy is strong.
08:08Shruti, I would like to come with you, that GDP is very good.
08:13But I know that the tariff tensions began in August.
08:18Will we sustain this in the next quarter?
08:21And the second thing, I would like to get two things together.
08:25We have a little bit of time to trade with China.
08:30You do not think that if China has more entry, because its supply chain is strong.
08:36So that is tough.
08:48So I will answer your second question first.
08:51Yes, you are saying that China is not overshadowed.
08:56Let's understand this first, that China's economy, China's manufacturing sector is slightly larger than the Indian manufacturing sector.
09:05Okay?
09:06I mean, if there is a small dam, then China will probably overnight.
09:11They have so many technological advances.
09:14Advancement.
09:15Right.
09:16But if you ask me, if this is a risk, like Pankaj said, it's always a risk.
09:22But then, if there is this largest economy of the world is going on and bullying people, then you have to be the bigger bully.
09:31Right?
09:32So, we think that this is the BRICS formation.
09:37And you can see that, you know, the D-dollarization, we have a bird.
09:44Where there is trading, there is no dollar.
09:47The dollar will not be the reserve currency anymore.
09:50If we are going on that line, on that track, then at one point, I think what India is thinking or what India is going through right now is the right track.
10:00And if that is the track, then it is sustainable.
10:02Then this growth rate will be sustainable at some point.
10:06Okay.
10:07Will it be double digit or not?
10:09That I am not sure of.
10:11I am not sure if you will have double digit growth.
10:13Well, if you will be doing a good question of an expert, it would be said that a double digit growth would be a double digit growth.
10:20So, if you have asked me, I will have to leave us on that side.
10:23Ok.
10:24As next, I want to take a closing note from both of this point.
10:27That we are doing something with China.
10:29We are doing something that is going to counter the tariff.
10:32It is the best way to take that time.
10:34But what do you think?
10:35That we are meeting with Russia and China.
10:40is this the indication is this the signal to the word
10:47now we are shifting the power
10:50America's power is challenged
10:52what can you do
10:55definitely
10:58is this the answer to the first time
11:01that the dollarization is increasing
11:04America's power is giving
11:06America's power is giving
11:08America's power is giving
11:11America's power is giving
11:13the other thing is that the RIC
11:15said
11:16it is very important
11:18but
11:19it is not that the bodies are not
11:22the bodies
11:24foreign
11:28foreign
11:41foreign
11:42foreign
11:48foreign
11:50It was 10 years ago, it started to strengthen the BRICS bodies.
11:55The question is that we have seen before that when the United Nations had a seat,
12:01the seat of Nehru Ji has promoted to China.
12:04Today, we are seeing that we will support China.
12:08Is it not that we will go to China with the superpower?
12:13I think that our challenger, our opponent also needs to understand.
12:19If we don't understand China, we might be trying to bite more than we can chew.
12:26That is not our solution.
12:28But if we want to compete with China with them,
12:33this man is not a leader.
12:36It is necessary to work with them.
12:39And the RIC, BRIC, is a formidable force.
12:48I think that, as Keshav Ji said, you can get friends, but you can't get friends.
12:53Therefore, it will be better that you will keep your friends.
12:57But I will give you a message.
13:00He called a spade a spade.
13:02And we can't get friends.
13:03But in the meantime, I will give you a message.
13:05The idea is that China is not an issue.
13:07We will support China, for which we need to hear about the Bordern clashes,
13:09which has also been changed in the future.
13:11In fact, when they were addressed,
13:13when the video is addressed,
13:15the first time they told us,
13:16the Vyapar has said,
13:17that the SEMA has put its own safety in the future.
13:19The priorities are clear.
13:21clear है और जिस तरह से
13:23world order change हो रहा है तो हमें अपना
13:25अपनी जगह कहीं ने कहीं बनानी है
13:27अब US को counter करने के लिए
13:29obviously चाइना एक अच्छा
13:31option है और चाइना के साथ
13:33रस्या भी है अब फ्रकति मैं
13:35यहान पर अड़ करना जोओंगा US को
13:37counter मुझे लगता नहीं है
13:39कि अभी भी वो स्थिती आई है जहां पर
13:41जैसे को तैसा वाली
13:44स्थिती है पचास परसेंट टैरिफ ज़रूर लगा
13:46दिया गया है बट वर्ल इस चिल वेकिंग अप
13:47टो एक बैक चनल डिप्लोमसी भी काम कर रही है
13:50मुझे लगता है कि अभी
13:51कोई भी एक दूसरे को उस तरह से नहीं
13:54रब करना चाहेगा कि
13:55यह हमारी दोस्थी खतम हो गई
13:57you never know how table is done
13:59अभी जो GDP के आखड़े आया है
14:04इसमें manufacturing का भी
14:05बहुत ही अच्छा growth रहा है
14:08over 7% manufacturing
14:09ने भी दर्ज किया service sector always
14:11lead करता है लेकिन अगली तिमाही में
14:13जो आएंगे आखड़े
14:15उस आखड़े से पता चलेगा कि
14:17tariff ने हमें कितना बड़ा जट्का दिया है
14:19श्रुति उसके लिए positive है
14:21कि जो next quarter में हमारे आखड़े आएंगे
14:24वो भी अच्छे होंगे और जैसा कि
14:25आपने का कि सतर्पता के साथ आगे बढ़ने की ज़रत है
14:28उसी point के साथ मैं इस discussion को close करूंगी
14:30और आम जन्मानस में सवाल बहुत सारे है
14:33हमने कोशिश की है कि एक छोटी से हलकी से picture
14:36GDP के आखड़े जो आए वो परद़े के सामने की बात है
14:39परदे के पीछे जो है GDP के आखड़ों को maintain करने के लिए
14:43बहुत सारी चीज़े चल रहे हैं
14:44डिप्लोमैसी पर लेवल हो रहा है
14:45क्योंकि आज की दुनिया में आप किसी को भी
14:48हमेशा के लिए ना तो दोस्त बान सकते हो
14:51और नहीं दुश्मन आपको अपने फाइदे के साथ में चीज़े आगे बढ़ानी होती
14:55सबको साथ में ले करके चलना होता है
14:57और वही कोशिश की जा रहे है
14:59चाहे वो SEO मीटिंग हो
15:00या फिर बैक चनल डिप्लोमैसी की
15:03मैं इसी के साथ इसको एंड करूंगी
15:05thank you Pankaj ji thank you Keshav ji
15:07and thank you Shruti for joining us
15:08thank you
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