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, hes 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. Its expected to overtake germany and japan. The become the 3rd largest economy behind the united states. As china, a major driver of that growth is infrastructure. Moving a 130000000000. 00 has been allocated to build assets like birds, add ports this year. And theres also trying to boost his manufacturing sector, which accounts for nearly 17 percent of g d. P. It aims to replace china as a Global Production hub. But the economic gains all spreads on equally oaks farm says the top 10 percent of and just population of 1400000000. 00 originally 75 percent of the total national wealth. More than 40 percent of indias workforce or employees on farms and poorly paid jobs, the rest are almost evenly distributed amongst the industrial and service sectors. Of the whole thing says the nation is leading grace in south asia. The region is expected to remain the Fastest Growing emerging market for the next 2 years. Bots, the backbone south Asian Countries all failing to create enough jobs for the young population. Many nations are struggling with poverty and a rising cost of living. Well fernandez reports from columbia is better than expected. This womans from india has boosted south asia. Is growth for cause to 6 percent this year. The see go was released during the World Bank SouthAsia Development updates launched in colombo last week. But once you take out in, yeah, its more like 3 and a quarter percent say in 3 quarters percent and 2024 and phone a quarter percent of 2025 expansion supported by rapid increase of an investment. And government consumption has driven the Indian Economy to grow by more than 8 percent in the 4th quarter of 2023. But the World Bank Says its neighbors are struggling to non co retreat. Bankruptcy in 2022 is slowly stabilizing allstate secure to 3000000000. 00 am if they load package would crippling austerity measures seen by many to unfairly target the port. A segment of the population of causing frustration, soaring cost, and pocket stone, driving hundreds of people to rely on saturday during the realm of the season. Mohammed was one of them. The father of 5 is a daily wage worker company. They go to the, its very hard to find work these days. The government says its subsidizing some food items during ramadan, but who can afford other commodities and pay the high electricity and gas above the the, like mohammed millions of south asians are struggling because nothing, nothing jobs are being created in south asia. Its employment racial that matters the share of the walking age population that is employed. Thats what nonsense. Everywhere else and all the emerging markets of developing companies of state constant and south asia. Its phone 3 lands on government spending. You deforming private investment is another shed. Worry and the world bank map, so it measures the spark and acceleration in private investment girls bundle with dish, introduce, trade and foreign currency restrictions toward also balance of payments crisis. The country has also seen high inflation. Governments across south asia see they are trying to improve fiscal discipline and build resilient economies. The World Bank Says milwaukee is needed, but many people in the was most populous region unconvinced. This will improve their lives. In the finance is a 0 for counting the cost colombo as well. Joining us now from take you is alysia golf seo at at o chief economist, full Asian Pacific at north texas bank. If i get to have you here on counseling, the cost is economy, its booming, and its on incredible trajectory once driving this. Well, of a lot of things its, its, its a lot. So these are driving in the out. The 1st of all is self confidence. You know, india has basically had already a very strongly there are multi with baker ideas as to the way to go india 1st. But also in the role it means that manufacturing is whats coming down, which is a big change from the past. We have many companies, folks come up pull, you know, looking at the door of india, manufacturing market, both for the domestic market, but increasingly for exports. And thats a big change. Bring the eyes is the new manufacturing drive that basically change the nature of, of what it really is about as a new product. Well, thats pick up on that, but my new factoring drive, i mean india wants to overtake china, is the Global Manufacturing hub is not for sale. Is that possible . But it is way, it does not need to overtake china for a very simple reason. Because the you out of my new fact to him as the most important driver for growth is over in as far as now the mistake. I mean this, your thoughts services are the key. So yes, india need some effect trying to avoid big deficit because it needs lots of things to get its population moving into your brain area as china did. But not as much to be that well as china, the, because it was down some, you know, the, well, the service, its a high end services. I mean, there is a better place to do that than china. So in a wait time, as you have been right skills, i would say for a new era, a new out of digital service. Mm hm. Well, thats benefiting assessing amounts of the population. Isnt it got to remember that the vast majority of india is in the Informal Sector is and farm work is low quality paid jobs. What is the slogan india for or is this food booming economy benefits thing . Oh, my question thats, thats the 1000000. 00 plan, right . Yep. Yes. Really need to be very careful about a void in what came out to me. Uh the relatively well but still uh, i mean 400000000 people out of poverty, but still, im really not managing to cope with the income despite. Yeah. For india, this could be even worse because i think india, wed have a much harder time in, in bringing to the cities, the population in that organized way, which china did things to the whole co, the so called. So basically uh, registration or composite for registration to be live in big cities and i think for india would be my top other. Theres also the north and south device that is very, very strong for india. So my sense is that in depth would have a harder time basically, you know, boy didnt come despite these from what china has already had, which is why dont its because problems. So you are right. This is really a key issue for india. Because if we look at the economist, the in men else are for the benefit of well, bank report, its saying that south asia is growing, but employment levels are actually pulling. Why is that . Because they have so far they been creating the big manufacturing um landscape like south southeast asia. So far we have but could all be, as i mentioned in india, but its really brand new. We have the best with the techs that mean thats true, but its really minor compared to the growing population. Just remember that south east has population grows much faster than se asia population. So this is why they need many more jobs. And then its really very hard to create, not always because you need that investment to do so. You need the companies to, to believe in, in your company. Is it just all your country does not so easy. So yes, creating the right employment is the way to go, but its if they need to, certainly, uh, bite the attack that for investment to create those factories. And as i said, also services not only, not only goods. Yeah. And you mentioned bangladesh there. I mean, thats aiming to become a developed country by 2041 india, if we could bring it into again, wanting to become a developed country by 2047, all these realistic goals. While i made my calculations comparing, uh, try not to india on. I have to say its in yet, which to me is rather easy. Cheap said growth rate of around 7 percent, which is which is what india has had in the last thing, years for 20 years or so, which is basically the key youre running station process. Part of india, india is 35 percent up there, but as soon as youre buy nice is very low, then its 60. So you keep that growth rate, i think. Yeah, in the could be a mother. They develop the economy by 2040 around 35000. 00 or so. So what is, which is what china now would be in 2035. So you know, there will be a little bit convergence. Um, by the 50 i think india, wed be larger than double that population a lot during the cut on the fact that china, but many things can happen between them before that is just, you know, in the near, in the near projects. Absolutely. Okay. Lets see. Augusta at arrow volumes seem to speak to you. Thanks for joining us on counting the cost. The mailbox in teams is the ultimate comes to the pre pack. His mail is usually pumped into across america, but it does take a lot of energy to produce Food Processing and heavy industries such as cement on concrete production account for nearly a quarter of us Greenhouse Gas emissions. The by the administration is announced up to 6000000000. 00 in grants to help clean up thousands of facilities. The single largest industrial d compensation investment in american history. The department of energy says the money will fundable them fuzzy projects and sectors including la minium chemicals, iron and steel, nearly 80 percent of the projects will operate in deprived areas. The initiative will prevent an estimated 14000000 tons of Carbon Dioxide emissions annually. Thats equivalent to guessing 3000000 cause of the roads for a yeah. To which one is now from austin in texas is robot. Sure. What his executive director of cobb and track of north America Office several but 6000000000. 00 to be compromised. The c 3 projects across 8 different areas. Lets zoom in on the mac and cheese exam. Folks approved up to one. Everyones little been interested in that. What are the plans to reduce emissions with that project . Well, under the details. Yeah, exactly. Of all the projects the here but the but all of these projects share a common theme and the common theme is taking something that is of commercial and commercializing in, in a particular context that will then allow the Emissions Reductions that can be captured by that project. To scale, but how do we go about that . Well, so we need to these instances what, what the, what the government is looking for is were really working out the kinks with a new technology. And by doing so, find out the most efficient way to, to do that process, whether its what we get it, whether its reducing emissions to the production of mac and cheese or, or, or, or circular economy concepts with respect to refining in other projects. In by doing so make it cheaper so that others can emulate those kind of projects as the industry as these various industries. Heavy industries are hard to evade sectors, the car. And thats, thats why i have an industrial emissions from emissions from the heavy industries and from these types of industries, us so hard to reduce, you can imagine that we have a number of sectors where what we really need to do is reduce consumption. So those are getting to the end user fossil fuels. Those have alternatives that have become economics. So we see electric vehicles, for example, suppose internal combustion engines. As an example of that, we can also substitute the free and power the use of power from a gas generating plant by power as a wind and solar. Lots of good bye with batteries as we increase the amount of renewables on board. But in some of these hard to evade industries, its more difficult because we have issues like high uh, in amounts of heat that have to be generated as part of the industrial process or other things where fossil fuels have an edge and where there are commercial substitutes and so the goal of this money is really to deliver more commercialized levels, substitutes for, for those processes. So id be like there is to take what has been done in a change in these studies, the projects and replicates and across the country of the global aspirations for it as well. And i absolutely think so because you know, minds you part of this is to reduce the u. S. Emissions in. So industrial emissions in the u. S. Represent about 23 percent of of u. S. Submissions. But in doing so, also offer approaches to do doing that. They can be commercialized, scale not just in the us, but also abroad. And i should also add that making those Emissions Reductions now may also make us industry much more competitive going forward. Particularly if we see things like border adjustments on carbon as were seeing out of the. So i always love it with us as, as one of the wells talk common mixes. Its gonna target to be net 0 by 2050. Do you think its going to hit that target as well . I think if you look at this from a linear perspective, so these projects is 33. 00 projects and are expected to reduce that one percent of us missions, right . So if you look at this linearly and say, well, were not going to get there by 2050 if were doing one percent a year, but is both part of a larger picture. And also really trying to use the as curves that we see in new Technology Deployment to uh, to discounts. So i wouldnt expect it to be linear year of a year, but to have uh, some kind of scaling as the costs come down. And thats what weve seen to, you know, with wind and solar, for example, i have projects, i lost the paste and deprived areas how they also set to improve the lives of the people who live in those areas. Yeah, well, so the number of these projects have a couple of levels. So from, from a labor standpoint, a believe the, these projects collectively yours are expected to produce about 80000. 00 jobs. Many of them, as you note in, in areas that are what we would say are blue color areas. So heavy labor base the jobs are going to be based there thats valuable. And many of the parties to these contracts also agree to employee labor. So unionized workers as part of the as part of the work. But i would also say that there are going to be co benefits because theyre not just reducing the emissions often point source emissions or emissions that are in those locations. But i believe about 85 percent of the projects are going to be reducing criteria, air pollutants. So those are other emissions like, you know, small pm, 2. 5 and other particular ones that would, that would otherwise have been emitted over. So it great to speak soon. Thanks for joining us. A pleasure to join. Thank you. Both in old bridge collapse and disruption to operations that one of americas biggest pause is expected to have a major impact on the local economy. Of questions are being raised on whether the corners are being caught. A cities competes against each other to attract container ship business, and whether theyre avoiding paying for the necessary infrastructure upgrades to ensure safety. She have for tons of thoughts, a southerly temporary channels are being opened on the perhaps go river, bypassing the wreckage of the, from cisco key bridge, a small the marine traffic. But theres no timeframe for reopening the pulse of baltimore to major congo traffic. The bolt ranch 9 for total us continue to inputs in 2023. Now thats the us to supply chains and global trade. Another expected to be effected as call goes re routed to other ports on the east coast. Thats not much comfort for businesses in the baltimore region itself. Louis cavities Construction Business will now have to make arrangements to trump. School supplies by road or rail from wherever goods end up with things being re routed. So we dont know what the freight costs would be coming from pennsylvania or for for ginia. We also dont know what the timelines are ones the for those re open info, disciplined companies in the region will return. But well Freight Companies who use baltimore to import goods for the us as a whole, having spent months establishing alternative arrangements at other rival ports. This is one of the whole works on the eastern seaboard that are able to receive massive ships with a capacity of up to 10000 containers. However, it is full of the fords in new york, new jersey and virginia will be able to handle v diverted container traffic, called our ship size is doubled since 1986, the donnelly is bigger than the eiffel tower. Maximizing profitability for the Freight Companies. But of both of all of our lives, its making a container ship business. As a result of this collision, it wouldnt be grimly ironic since the crash and so much that they have long been warnings with. And its been to compete with other cities for these gigantic vessels to unload of baltimore corners of income tax. Their funds were being used to attract Freight Companies through the building of big facilities for the ships to announce the profitability. But multiple wasnt ensuring that the bridge these mega ships would be traveling under was ready in baltimore. I mean, they dredge the channels, they widened the birds. A wind turning radius is uh they 4. 00 to 5. 00 or for a dock structures. But they actually didnt do anything to fortify the bridge, even though a car dealership had collided with it in 1980 of baltimore is to learn. Recent studies suggest the 8 of the bridges in the us are as vulnerable as the key bridge to a collision with a massive container ship. She ever times the outer 0 of accounting, the cost baltimore, maryland. It became one of the hits all from the working during the pandemic. More than 300000000 people use Microsoft Teams making it the worlds most popular business communication service. But vials of the chat on video app accuse of and legally crushing competition. And you regulate to say, bundling the platfo