Name: 2020年予算をめぐる大きな政治的対立｜インド開発論議 (Big Political Face Off Over Budget 2020 | India Development Debate)
Uploaded: 2021-01-14T09:35:07.000Z
Duration: 19 min 29 s
Description: VoiceTubeの動画で発音を聞きながら英語表現を覚えよう！学べる英語：

We talk about the politics off the whole exercise.

Even with a massive majority, the B J P led government is under pressure to deliver a budget that seems pro farmer probe part, especially as our weaker sections of the society are hit by the economic slowdown.

Chidambaram has taken a dry by the i m F downgrade of India's growth forecast two below 5% for F Y.

20 saying the I'm offended ago peanut will now be targeted.

Can the Bee Japie government delivered on the economy?

I'm joined today by BDP National Spokesperson Group are a Gravel and Congress spokesperson Sanjay Charl.

Welcome to both of you and thank you for talking with us today, Gopal Agarwal.

Let's begin by you presenting your vision briefly, please.

Also because briefly on what the government really hopes to focus on in this budget.

Another important thing in the budget is that consumer demand has Toby pulled up.

That's the 1st 1 important thing that everybody agrees.

And for that, the important thing is that there is a credit availability that point of government has taken.

But the demand for credit is not coming and that will investment will be built up when capital formation will build up from consumer demand.

So government plans to put a lot of money in there who really economy farmers, food, processing those sectors which can propel the rural economy and create demand.

Second thing is better delivery off the government schemes.

If the loan money gets to the lower straight out the pyramid, they are going to spend more that consumption for cusses there then and we have C credit.

Government is pulling up, pushing that BFC nmsr me credit so that the problems finding a resolution problem that and PFC article that the government is working so handsome Consumer demand is the one focused on the government's side.

Everybody's expecting that the government will continues spending and therefore an I P scheme National infrastructure pipeline that that the government has planned off 103 lacquer or off investment will also propel the industry like cement, steel construction and we are trying to resolve some of the problems in auto by farmer Oh are in the real estate fair there are certain issues and there are problems in the global trade.

Our industry over the last 10 years because of faulty FDA have suffered a lot.

I mean, what duty structure seeping into the year, including from 2040?

No, Before you the last 10 years of their son?

Every team I'm talking about the eft ear problems, problems that I think about for the FDA where the inverted duty structure received anything too important hour dumping duties.

So these problems are being sold and issues are at the global level.

Okay, That's quite a quite a long into demand.

Getting the budget prep can be as long as possibly the budget speech.

But thank you for letting the beginning off this debate.

Andrija, would you like to come in here now?

I think there is no doubt no one is saying.

Spokespersons on Mr Gravel is claiming that the economy is doing hunky dorey.

My question to you is do you think the opposition has spent enough time focusing on the economic slowdown.

It's a fact that the Bee chippy has wasted a lot of its political capital on issues that are less important perhaps, than the slow down.

There's no need to get in to see an RCMP are right now.

They should be focusing on the economic slowdown.

My question to you is as the opposition done enough tamano foster the outset.

You know, we're not permitted to do debate, so I will not get into, ah squabble with my dear friend, Mr Garak.

But I will answer all your questions very quickly.

You know, the first thing tomorrow not that any government needs to actually be very transparent about, is to admit that you have a problem.

I think you know what the government ought to do is to perhaps listen to what our been super ammonium said, who was the chief economic advisor that India is at the moment facing a great slow down.

I mean, call it a recession, college, near recession, whatever terms they choose.

But they should accept that you have a serious problem for number two, and this is very critical that at the moment why some people believe it may be temporary, but the fact that inflation at the retail level is begin to rise and, you know, end of day as far as the you know, the economy's growth stories concerned, it's considerably store down.

It could be as low as two and 1/2 percent, not even 41%.

Clearly, that disparity is is bad news bad news?

Because you're not likely to see in this environment.

No matter how much the government talks about ease of doing business, you're not likely to see any growth in private capital investment.

Now you know the fact of my own eyes that you cannot sustain an economy of India's size, especially given the complexities and challenges we face merely on government expenditure.

You need good aggregate demand because these are the elements that will ultimately prove boy and for the economy.

Now, where the warriors and this is the worry, it's not the stagflation alone.

But the bigger worry is that happy recognized that the biggest problem, which will be used to talk about the twin balancing problem remains unresolved.

As we talk And that perhaps, is one of the reasons why you're not seeing manufacturing take off.

Because even when the RV has reduced the reportage, you're finding that the banks are not able to actually, shall we say, give the benefit either to the household sector or to the corporate sector, and that until that takes off, you're not likely to see any tangible improvement of the ground level.

So these are perceptible worries and the other parties to boost consumer demand.

You have to give money's in the hands of those who are likely to spend it.

I think the government probably, you know, kind of jumped the gun in giving those corporate tax cut rates because that one left 50,000 crores is substantial savings for the corporate sector, but whether they're going to invest.

But there still are operating a 75 percent of capacity to a couple of interesting points.

And, you know, Senator John says he doesn't want to face off with the Kabbalah.

The reality we're goingto have historically the most calm political debate in television history, which is great, which is great, really are all sides of the story two points Global a global oneness, Corporate tax cuts in hindsight, what they required.

I also want to ask you about a tweet off yours that I saw.

Ah, it's responding to Ah, you know the IMF prediction that we will grow at less than 5% and f y 20 where you have said, and I'm quoting from your tweet we have doubts and I'm f projections whether they have taken into consideration the impact of the more the government initiatives like an I p credit line for M, S, M E and N V FC and mega Exercise on Budget, IBC and GSC Reform.

GDP growth rate has bottomed out and we will see significant brought a heads up.

The IMF makes these predictions also based on data that the Indian government gives who's going to take us.

You see if he starts even questioning the I'm off and say that we are fine.

If you look, you have to see in the GDP growth rate in comparison to the global growth rate.

Also because the second part of the I'm f Geeta go peanut waas that India is pulling down the economic global growth rate.

But it is the protectionist off Western and Europe, European and United United States that is harming the global trade.

So the issue is that what I'm told is that the growth a project projection for future are based on the parts historical t the issues and they have not taken.

If if they have taken an investment off, more than 100 lack Karol by the government dead off definitely figures will be different where this body will go eso it will go to the industry like steel, see main construction equipment.

And then there is something quite the flu house hosting quite different.

Why are we why are you Are you seriously?

Are you seriously questioning the IMF's projections on India's growth?

It can be questioned considering why would this off?

You see this, you know, because our own official government projections is 5% the same 4.8.

So what I'm telling, I'm not pushing their prediction.

I'm telling that India's growth rate at current is slower, slower, slower but in the future, because off certain issues and initiatives which the government has taken it will ah, grow it a faster read.

There are certain bottlenecks in the gsd.

Yes, which the government is going to rectify.

So Gs Terry form in IBC also, you have to also look into the legal issues when you are talking about a minute.