Gravitas LIVE | China is fuelling global inflation | Beijing is hoarding 50% of global food supplies

Watch Gravitas LIVE with Palki Sharma Upadhyay

- China is hoarding over 50% of the world's grain
- Russia-Ukraine standoff: Putin sets the terms
- India displacesUK to be 3rd in unicorn race
- The booster debate
- Airlines vs 5g

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[Jai_BharatMata]

*PM Modi has turned his attention towards industry reforms with demonetisation, GST, and the Insolvency and Bankruptcy Code (IBC). These were undertaken to reform corporate India and rid the country of crony capitalism. These reforms have drawn criticism from many, perhaps forgetting that demonetisation has broken the back of the black money class. The use of black money has reduced considerably. Long-term habits to deal in black money have been mostly converted into the default use of digital banking systems.*

_GST has been an outstanding success towards India’s move to reduce supply chain costs, which today account for 14% of GDP as against 6% in China and 5% in the US. Seventeen taxes were rolled into one, providing a uniform system for the first time in 70 years, and effective indirect taxes have reduced. In its first month, the system onboarded 56 lakh filers. For various reasons, GST has not shown buoyancy, but one can expect to see the effect in the future._

*Infrastructure development has been another significant push of the Modi government. Rural road connectivity, railways development, and construction of high-speed roads, ports and airports have taken off at a fast pace—all vital ingredients to increase India’s productivity and reduce supply chain costs.*

*Make-in-India, at commencement, was not a great success because it was cast in the traditional mould without a focus on the policy changes and incentives required. Subsequently, the Production Linked Incentive (PLI) scheme for large scale electronics proved successful—mobile manufacturing has risen multifold, making India an exporter. Merging PLI-like strategies with the Atmanirbhar Bharat Abhiyan push could make Make-in-India a success.*

*PM Modi’s next focus was health. Ayushman Bharat was launched to provide health insurance cover to the millions of uninsured in India; 12.6 crore e-cards have been issued, and 1.2 crore hospital admissions were managed through this scheme. The next frontier in health is the Bharat Health Stack, built on the India Stack architecture, which will further improve access and management of healthcare in India.*

*Other reforms that have the potential for sizeable economic impact have been in simplifying labour laws, incentivising and reclassifying MSMEs, especially with the guaranteed loan programmes, reduction in corporate tax rates, and deregulating the farm sector, which will empower farmers to double their income by 2022.*

The emphasis on employment needs better policies and focus, but it will certainly improve when the effects from these other reforms bear fruit.

During the Covid-19 pandemic and national lockdowns, PM Modi’s focus was on ensuring the lives and livelihoods of the bottom-of-the-pyramid. All the reforms and digital advancements made earlier are proving extremely useful in these difficult times. Rations and minimum income support were extended to 80 crore Indians, which wouldn’t have been possible without Digital India and India Stack. PM Modi’s housing programme has also been an outstanding success in bringing dignity to crores of Indians with pucca housing; 1.1 crore houses have been built, targeting a total of 2.95 crores by 2022. The return of migrants during the Covid-lockdown has accelerated this programme and enabled them to build a life in their hometowns. With this acceleration, the timeline to build a house has reduced from 120 days to a 45-60 day horizon.

*_At this rate, by 2022, all Indians will have access to basic necessities—housing, clean water, gas connections, bank accounts, internet and mobile connectivity, road access, and education—especially with the implementation of the National Education Policy 2020. For a population of 138 crore, these are remarkable achievements. PM Modi had a clear strategy to reach this point, unambiguous aspirations and a structured sequence of reforms and policies._*

Previous political regimes launched schemes like Garibi Hatao, which were unsuccessful because they focused more on politics and less on execution. PM Modi has inverted this paradigm, and personally monitors and reviews progress on the programmes. He leverages technology platforms wherever possible to ensure the programmes are executed as soon as possible. He sets clear priorities for himself and his government. He has not fallen victim to unnecessary politics. His foreign policy moves have made the Middle East friends of India, and the entire world looks more favourably on the country now. Standing up to hegemonic China, too, has improved our standing in the world.

*No prime minister has done as much for India’s development as PM Modi has in his six years.*

[desaim]

Preparations are for a long drawn out war on all fronts.

[wailingbear]

Serves us right. To many eggs in one basket. To be honest the real question is. What will the rest of the world do in response. Not necessarily with China. But with the crisis itself. If the pandemic is anything to go by we might be in trouble. C'mon world. Think about the problem at hand (possible lack of food and soaring food prices). Act now. Act decisively. There are as mentioned here, numerous problems facing many of us. Make a plan to fix this potential crisis internally. Don't play the public with political b.s.
Tensions are rising. Strengthen your houses. And don't forget your global responsibilities. Mending and strengthening relationships is key.
Let's get this sorted.
Or....

[a.k.]

Why don't you talk about Islamic hate speeches . There are a lot more than this . This is secular hypocrisy. Everyday kashmiri leaders and many other muslim leaders are doing the same thing in practice and theory . You don't condemn them . This minority appeasement attitude has destroyed our society and is making us feel second rate citizens in our country. Talk in a balanced way .

[deborahhebblethwaite]

Canada a major grain supplier lost 1/3 of this year’s yield because of climate. Heat, fires and drought🇨🇦

[gerardyeu]

👍Palki you are the best. Best of luck to India, the World's largest democracy country.

[abrahamthomas]

Ms. Palki Sharma Upadhaya, wish you a merry X'mas and a Happy New Year to you and family members. May God bless you all and strengthen you in double measure.

[robertgreen]

If you need doses to maintain, that's an addiction. Very profitable to the drug dealer.

[RealCherry]

Also USA has printed 80% of all USD bills in last 1 year

[supriyagentes]

CONGRATULATIONS TO INDIA FOR ITS GREAT ACHIEVEMENT IN UNICORN

[boogiewoogie]

Palki Sharma Upadhyay, u are a hypocrite. You never speak about Islamic hate speeches...

[dustinpetty]

This is my first time tuning in.
Great educational news channel.
Thank you for being here.
I wish a lot more people in the US would pay attention to what's really going on in the world.
Thank you for being a clear and concise loud voice for important current events.
It's great to hear the news from a different perspective.
This is so much better than CNN, Fox or MSNBC.
Keep up the good work.
May the force be with you.

[Jojo-rlqm]

Society not judged by mistake or fault
But the reaction to those mistake

[marcuskelly]

You can judge any civilised society by three things. 1. How they treat their animals, 2. Their elderly. 3. Their waste. If those things are in place the rest takes care of itself. You have a civilised society.

[kumarsaurabhsingh]

This is perhaps the best definition of China.

[Englandhs]

China has granted market access to certain Indian goods and this has led to a rise in exports of agricultural commodities and marine exports to China. So while India made profit by selling rice to china, now is blaming the customer for buying too much. Please read the data before you lie.

[richardfranc]

DAMN, China 🇨🇳 is smart!. Can not said for India and other countries. Blaming other for food shortages will not help your people.

[AshwinAR]

I know its Christmas but nobody is that generous 🤣

[marybloom]

Backup supplies when it instigates the take over of Taiwan, and the resultant possibility of world war

[freespirit]

I got news for you. What is one resource China would find in short supply very quickly during war? ***FOOD*** China is preparing for war. Not hard to figure that out.