Prime Minister Modi engaged with Mudra Yojana beneficiaries as the scheme completed 10 years. He noted that Rs 33 lakh crore had been disbursed without collateral, with women taking the lead in availing and repaying loans.
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00:00Mudra Yojana has been one of the pet projects of Prime Minister Modi and the government.
00:04There's been an interaction with the beneficiaries, we are cutting across to that event right
00:09now.
00:10Remember that Prime Minister Modi has also said that Mudra Yojana has given opportunities
00:14to countless people to showcase their entrepreneur skills.
00:18This is an interaction right now on your screens with beneficiaries of this scheme.
00:48I am Gopi Krishnan, entrepreneur based of Mudra Loan from Kerala.
01:09Prime Minister Mudra Yojana has transformed me into a successful entrepreneur.
01:14My business continues to thrive, bringing renewable energy solutions to households and
02:15PM Suryagarh.
02:16We are getting free electricity from PM Suryagarh because in Kerala, the houses are low, the
02:21pads are big, the sun is very low, it rains too.
02:25So how are they feeling?
02:27How much do you work every month?
02:29What will be the amount?
02:31No, I won't get the income tax one, don't worry.
02:38I am getting Rs. 2.5 lakhs.
02:40This minister is sitting next to me, I will tell him.
02:44He won't get the income tax one.
02:47I am getting more than Rs. 2.5 lakhs.
02:51I am the founder of House of Puchka.
02:54When we used to cook food at home, it tasted good.
02:57So everyone suggested that you should come to Puchka.
03:00I am the founder of House of Puchka.
03:03I am the founder of House of Puchka.
03:06I am the founder of House of Puchka.
03:09I am the founder of House of Puchka.
03:12I am the founder of House of Puchka.
03:15I am the founder of House of Puchka.
03:18I am the founder of House of Puchka.
03:21I am the founder of House of Puchka.
03:24I am the founder of House of Puchka.
03:27I am the founder of House of Puchka.
03:30I am the founder of House of Puchka.
03:33I am the founder of House of Puchka.
03:36I am the founder of House of Puchka.
03:39I am the founder of House of Puchka.
03:42I am the founder of House of Puchka.
03:45I am the founder of House of Puchka.
03:48I am the founder of House of Puchka.
03:51I am the founder of House of Puchka.
03:54I am the founder of House of Puchka.
03:57I am the founder of House of Puchka.
04:00I am the founder of House of Puchka.
04:03I am the founder of House of Puchka.
04:06I am the founder of House of Puchka.
04:09I am the founder of House of Puchka.
04:12I am the founder of House of Puchka.
04:15I am the founder of House of Puchka.
04:18I am the founder of House of Puchka.
04:21I am the founder of House of Puchka.
04:24I am the founder of House of Puchka.
04:27I am the founder of House of Puchka.
04:30I am the founder of House of Puchka.
04:33I am the founder of House of Puchka.
04:36I am the founder of House of Puchka.
04:39I am the founder of House of Puchka.
04:42I am the founder of House of Puchka.
04:45I am the founder of House of Puchka.
04:48I am the founder of House of Puchka.
04:51I am the founder of House of Puchka.
04:54I am the founder of House of Puchka.
04:57I am the founder of House of Puchka.
05:00I am the founder of House of Puchka.
05:03I am the founder of House of Puchka.
05:06I was not in lakhs or crores, I was just in thousands.
05:09Do you also use UPI?
05:12Sir, when we check the cash in the evening, I get very disappointed.
05:15Sir, when we check the cash in the evening, I get very disappointed.
05:18Because 90% of the transactions are done by UPI and we have just 10% of cash in hand.
05:21Because 90% of the transactions are done by UPI and we have just 10% of cash in hand.
05:24Actually, I found him very polite.
05:27And it didn't feel like he was the Prime Minister of our country.
05:30It felt like someone was with us and guiding us.
05:34Suresh, where did you get this information?
05:37What did you do before?
05:40What work do you have in your family?
05:43Sir, I used to work in WAPI.
05:46Sir, I used to work in WAPI.
05:49And in 2022, I realized that there is nothing I can do with a job.
05:52And in 2022, I realized that there is nothing I can do with a job.
05:55So I started my own business.
05:58You used to go to WAPI every day by train.
06:01They are very friendly.
06:04Sir, I live in Silvas.
06:07And I used to work in WAPI.
06:10I know they are all up-and-down gang.
06:13They would be asking you how you are earning, what you are doing.
06:16They would be asking you how you are earning, what you are doing.
06:19Does anyone among them want to go somewhere with a cash loan?
06:22Sir, recently when I was coming here,
06:25I met a friend who told me
06:28So I also want to be a guide for Mudra Loan.
06:31First of all, I would like to thank you all for coming to my home.
06:40In our scriptures, it is said that when guests come to our home,
06:46and their feet touch the ground, the home becomes holy.
06:52So I welcome you all.
06:55All of you must have had some emotional experience while doing your work.
07:03If you feel like saying something, I would like to hear it.
07:07Sir, first of all, I would like to say this to you,
07:10because you say and hear what is in your mind.
07:13There is a woman trader from a very small city, Raibareli, standing in front of you.
07:18She is the proof of how much MSMEs are benefiting from your support.
07:25It is a very emotional time for me to be here.
07:30And we promise you that we will make India a developed India.
07:33The way you are treating MSMEs like children,
07:37whether it is the problems we face in obtaining a license from the government,
07:41or about funding.
07:43Do you want to fight an election?
07:45No, no.
07:47No, no, sir.
07:48This is just what I wanted to say.
07:51Because I felt that I was facing these problems before.
07:55When I used to go to get loans, I used to refuse.
07:58Now tell me, what do you do?
08:00Bakery.
08:01Bakery.
08:02Yes.
08:03How much money do you earn now?
08:05Sir, my monthly turnover is around 2.5 to 3 lakh rupees.
08:10And how many people do you employ?
08:13Sir, we employ 7 to 8 people.
08:16Sir, my name is Lovkush Mehra.
08:18I am from Bhopal, Madhya Pradesh.
08:20Earlier, I used to work as a jockey.
08:22I used to work for someone, so I used to work as a jockey.
08:25You have taken our guarantee through Muda Loan,
08:28and today we have become owners.
08:30Actually, I am an MBA,
08:32and I had no knowledge of the pharmaceutical industry.
08:35I started working in 2021.
08:39Sir, I approached the bank first.
08:41They gave me a CC Limit Muda Loan of 5 lakh rupees.
08:44But sir, I was afraid that
08:46this is the first time I am taking such a big loan.
08:48Will I be able to pay it or not?
08:49So I used to spend 3 to 3.5 lakhs out of it.
08:52Today, my Muda Loan has increased from 5 lakhs to 9.5 lakhs.
08:56And my first year was a turnover of 12 lakhs,
08:59which has now increased to more than 50 lakhs.
09:02Your other friends,
09:05they think that this is also a way of life.
09:08After all,
09:10the Muda Loan is not for Modi's brotherhood.
09:14The Muda Loan is for my country's young people,
09:18the courage to stand on their own feet,
09:22and their courage should continue to grow.
09:25Why would I wander to earn a livelihood?
09:28I will give livelihood to 10 people.
09:31This is to create a mood.
09:33Does this come in the experience of people around you?
09:36Yes, sir.
09:37In my village, Ganesh Dam Bachavani,
09:40which is about 100 km from Bhopal,
09:43at least 2-3 people have opened an online digital shop there.
09:48Someone has taken a loan of 2-2 lakhs for a photo studio.
09:52And I have also helped them, sir.
09:54Even my friends, sir.
09:56Because now I expect from you people,
09:58you should give people employment.
10:01But tell people that
10:03they are getting money without any guarantee.
10:06Why are you sitting at home?
10:08Go and trouble the bank people.
10:12Because of this Muda Loan,
10:15just 6 months ago,
10:17I bought my own house worth 34 lakhs.
10:22I used to work for 70,000 rupees.
10:25Today, I earn more than 1.5 lakhs per month.
10:30And it's all because of you, sir.
10:32Thank you so much, sir.
10:33Your hard work pays off.
10:34I didn't feel that I was talking to the Prime Minister.
10:38I felt like someone from my family was talking to me.
10:43The Muda Loan scheme that is going on,
10:50how we have succeeded,
10:52he understood the whole story.
10:54The way he motivated us,
10:56that you should also be aware of this Muda Loan,
11:00so that more people can start their business.
11:04I have come from Bhavnagar, Gujarat.
11:06You seem to be the youngest in the team.
11:09I am in my final year.
11:11You study and earn?
11:13Yes.
11:15I am the founder of Aditya Tech Lab.
11:17In which I do 3D printing, reverse engineering,
11:19and rapid prototyping.
11:21And I also do some robotics work.
11:23Because I am a final year Mechatronics student.
11:26So, I do a lot of automation.
11:29So, with the Muda Loan,
11:31I started when I was 21.
11:35I had heard that the process of taking a loan is very complex.
11:39You won't get it this year.
11:40Who will pay the bill?
11:41Experience the job for a year or two.
11:43You will get the loan later.
11:45So, there is Sauras Gramini Bank in Bhavnagar.
11:48I went there and told them what I wanted to do.
11:52They agreed.
11:54I took a loan of Rs. 2 Lakhs.
12:00I have been doing this for 4 months.
12:03I go to college from Monday to Friday.
12:06I come to Bhavnagar on weekends and finish my pending work.
12:10I am earning Rs. 30,000 to 35,000 a month.
12:14How many people work?
12:16I work remotely.
12:18You work remotely?
12:19Yes, I work remotely.
12:20My parents are at home.
12:22They help me in part-time.
12:25I get financial support from the Muda Loan.
12:27But I have to pay the bills.
12:30Thank you, sir.
12:31I am running my own business in Manali.
12:34My husband used to work in a vegetable market.
12:37After marriage, I told him that
12:39instead of working with someone,
12:41we should open a shop.
12:43So, we opened a vegetable shop.
12:45People started asking me to sell rice and wheat.
12:50A staff from the Punjab National Bank
12:53used to come to us to buy vegetables.
12:55I asked him if I could get some money.
12:59He refused.
13:01This happened in 2012-13.
13:06You are saying 2012-13.
13:08If a journalist finds out,
13:10he will say that you are abusing the old government.
13:13He asked me if I had any property.
13:15I said no.
13:16When I got to know about the Muda Loan,
13:19when it started in 2015-16,
13:21I told him that
13:23they told me that
13:25there is an initiative.
13:27I told him that I wanted it.
13:29He didn't ask for any documents.
13:31He gave me Rs. 2.5 lakhs for the first time.
13:33I returned that Rs. 2.5 lakhs to him in 2-2.5 years.
13:36He gave me Rs. 5 lakhs.
13:38Then I opened a grocery shop.
13:40Both the shops became smaller.
13:42My work started increasing.
13:44I used to earn Rs. 2.5 lakhs in a year.
13:47Today, I earn Rs. 10-15 lakhs in a year.
13:50I completed Rs. 5 lakhs.
13:52He gave me Rs. 10 lakhs.
13:54I completed Rs. 10 lakhs in 2-2.5 years.
13:57He gave me Rs. 15 lakhs in November 2024.
14:01My work is increasing.
14:03I feel good.
14:05If our Prime Minister is like this,
14:07and if he is supporting us,
14:09then we will also support him.
14:11We won't let anything go wrong.
14:13We won't let our career go down.
14:15We won't let them return the money.
14:17The bank said that I should take Rs. 20 lakhs.
14:20I said that I don't want it.
14:22But they said that I should take Rs. 15 lakhs.
14:24If it is necessary, I will take it.
14:26If I don't take it, I won't take it.
14:28But sir, I liked your scheme a lot.
14:30I am from AP.
14:32I don't know Hindi.
14:34Can you speak in Telugu?
14:36No problem. You can speak in Telugu.
14:38I got married in 2009.
14:41I was a housewife till 2019.
14:44I took training in Central Government Training Institute,
14:49for 13 days program.
14:51I got Rs. 2 lakhs loan sanctioned from the bank.
14:55I started my business in November 2019.
14:58Kendra Bank trusted me and gave me Rs. 2 lakhs.
15:01There was no surety.
15:03No one supported me.
15:05Without surety, Rs. 2 lakhs loan was sanctioned.
15:07In 2022, Kendra Bank sanctioned me Rs. 9.5 lakhs loan.
15:14Now I have 15 members working with me.
15:17You started with Rs. 2 lakhs and reached to Rs. 9.5 lakhs.
15:20Yes, sir.
15:21How many people are working with you?
15:2315 members, sir.
15:24All are housewives.
15:26All are RCT trainees.
15:28Rural Self Employment Training Institute training.
15:32I am also a Jude faculty.
15:35Thank you so much for giving me this opportunity.
15:41Sir, my name is Poonam Kumari.
15:43Sir, I belong to a very poor family.
15:45We had a very poor family.
15:47You came to Delhi for the first time?
15:49Yes, sir.
15:50Wow!
15:52I have been on a flight for the first time, sir.
15:55Okay.
15:56I was so poor.
15:58If I used to eat once, I had to think twice.
16:02But, sir, I had a lot of courage.
16:04Because I belong to a farmer's family.
16:06You are absolutely healthy.
16:08Because I belong to a farmer's family,
16:10I used to face a lot of problems.
16:14One day, I spoke to my husband.
16:16Why don't we take a loan and start our own business?
16:22My husband said, yes, you are giving a very good suggestion.
16:25We should do it.
16:26I spoke to my husband's friends.
16:29They told me that Mudra Loan will be very good for me.
16:33I went to the SBI bank in Jadwal.
16:38They told me that I can take a loan without any documents.
16:46I was given a loan of Rs. 8 lakhs.
16:51I started my business in 2024.
16:56I have seen a lot of growth.
16:58What do you do?
16:59I work as a cashier.
17:01My husband helps me a lot.
17:03He mostly works in the market.
17:05I also have a bakery.
17:07Okay.
17:08Yes, sir.
17:09I have progressed a lot.
17:10I am confident that I will complete the loan soon.
17:15I am very confident.
17:17How much can you earn in a month?
17:20I can earn up to Rs. 60,000.
17:22Okay, Rs. 60,000.
17:25Of course, sir.
17:26I am very confident because of your scheme.
17:30You have done a very good job.
17:32Thank you, sir.
17:33I wanted to talk to you.
17:35I did not believe that I was going to meet Mr. Modi.
17:39I could not believe it.
17:41When I came to Delhi, I thought that I was going to meet him.
17:45Thank you, sir.
17:46My husband also wanted to meet me.
17:48He told me that I was going to meet him.
17:49He wished me good luck.
17:50My aim is that the ordinary citizens of my country should be full of faith.
18:01Everyone has problems.
18:03There are difficulties in life.
18:06But if you get a chance, you should overcome the difficulties and move forward in life.
18:12This is what the Mudra Yojana has done.
18:15There are very few people in our country who understand how a revolution is happening silently.
18:23This is a very big silent revolution.
18:26Sir, I will try to explain the Mudra Yojana to other people.
18:30You should explain it to others.
18:31Absolutely, sir.
18:32When I was a child, I used to hear about good agriculture, medium business, and a good job.
18:47I used to count jobs as numbers.
18:49Gradually, the mindset of the society changed.
18:54The first thing you want to do is to get a job.
18:57You want to settle down.
18:58You want to be sure about your life.
19:02You want to be in the middle of business.
19:05People say that agriculture is the last thing you want to do.
19:10Not only that, what do farmers do?
19:13If they have three sons, they tell one of them to take care of the farm.
19:18They tell the other two to go and earn a living.
19:22Now, medium business has always been seen as a medium.
19:31But today, the young people of India,
19:34if they have the entrepreneurial skills,
19:38if they get a little help in hand-holding,
19:42it will have a very big impact.
19:45In the Mudra Yojana, this is an eye-opening topic for any government.
19:54Most women have come forward.
19:59Women who apply for loans the most.
20:02Women who get loans the most.
20:05And women who repay loans the fastest.
20:11This is a new area.
20:15And the possibilities for a developed India are in this power.
20:21I can see that.
20:23And that's why I think we should create an environment.
20:28People like you who have succeeded.
20:30You know, you don't need a politician's letter anymore.
20:36You don't have to go to an MLA or MP's house.
20:40I believe that you don't have to give a single rupee to anyone.
20:46And without a guarantee, you get money.
20:51And once you get the money, you use it.
20:54This brings a discipline in your life.
20:59Otherwise, someone will think,
21:01I have taken it, let's go to another city.
21:04The bank will keep looking for it.
21:07This gives an opportunity to make life.
21:11And I want that the youth of my country
21:14come to an area as much as possible.
21:17You see, 33 lakh crore rupees.
21:25These have been given to the people of the country without a guarantee.
21:32You read in the newspaper that it is the government of the rich.
21:39Even if you add up the total wealth of all the rich,
21:41they won't get 33 lakh crore.
21:44The ordinary people of my country
21:46have been given 33 lakh crore rupees.
21:50These have been given to the talented youth of the country.
21:56And all of them,
21:58some have given 1, 2, 10, 40, 50.
22:02They have given employment.
22:04That is, giving employment is a very big job.
22:08It generates the economy.
22:11Because of that, production happens,
22:14but the ordinary person who earns,
22:17he thinks that he used to take one shot a year,
22:20now he will take two.
22:23He used to hesitate to teach children,
22:26now he will teach them.
22:28So every such thing has a big benefit in the life of a society.
22:32Now this scheme has been going on for 10 years.
22:35What is the nature of the ordinary government?
22:40To make a decision,
22:43to hold a press conference,
22:46and announce that we will do this.
22:49After that, call some people,
22:52light a lamp,
22:55clap their hands,
22:57and keep worrying about the newspapers,
22:59so that the headlines are printed in the newspapers.
23:02And after that, no one asks.
23:05This government is such that
23:07it is calculating this scheme after 10 years.
23:13It is okay to ask people,
23:15we are saying that this happened,
23:17but you tell me what happened.
23:19And as I am asking you,
23:21in the coming days,
23:23I am going to ask all my friends,
23:26I am going to meet them,
23:28I am going to get information from them.
23:30And if someone wants to bring change in this,
23:33if someone wants to improve,
23:35then we are going to go in that direction.
23:37But when you see our course,
23:39in the beginning,
23:41from 50,000 to 5,00,000,
23:43and look at the confidence of the government,
23:47that even the government used to think,
23:50that if 5,00,000 people drown,
23:52then what will they do?
23:54They will pluck Modi's hair.
23:56But the people of my country
23:58did not break my faith.
24:00The confidence I had in my countrymen,
24:03you strengthened it.
24:06And because of that,
24:08I had the courage to reach
24:10from 50,000 to 2,00,000.
24:12This is not a small decision.
24:14This decision is made
24:16when
24:18when
24:20the success of that plan
24:22and people's trust,
24:24and both things are seen in this.
24:26I wish you all a lot of happiness.
24:28And I expect from you,
24:30that just as you give employment to 5-10 people,
24:34in the same way,
24:36inspire 5-10 people
24:38to do something of their own.
24:40Give them courage.
24:42So that they will have faith,
24:44and in the country,
24:4652 crore loans have been given.
24:50There won't be 52 crore people.
24:52Like Suresh said,
24:54that first he took 2,50,000,
24:56then 9,00,000,
24:58so 2 loans were made.
25:00But 52 crore loans
25:02is a very big number in itself.
25:04You can't even imagine
25:06in any country in the world.
25:08And that's why I say,
25:10and we prepare our youth generation,
25:12that you start yourself.
25:14There will be a lot of benefit.
25:16I remember,
25:18when I was in Gujarat,
25:20I used to have a program,
25:22Gareeb Kalyan Mela.
25:24But in that,
25:26there was a
25:28strict play,
25:30like children do.
25:32Now I don't want to be poor.
25:34There was a drama
25:36to motivate people,
25:38in my program.
25:40And then some people
25:42used to come on stage
25:44and collect their ration cards
25:46in the government.
25:48And they used to say,
25:50we have come out of poverty.
25:52Now we don't need
25:54this facility.
25:56Then they used to give speeches.
25:58How did I change the situation?
26:00Once I was in
26:02Balsad district.
26:04A group of 8-10 people
26:06came.
26:08And everyone
26:10gave their
26:12benefit to the government.
26:14Then they told me
26:16their experience.
26:18They were
26:20tribal people.
26:22And among the tribals,
26:24the work of the bhagat was
26:26playing bhajans and singing
26:28in the evening.
26:30So they got a loan of
26:322 lakh rupees.
26:34At that time,
26:36there was no monetary scheme.
26:38They got
26:40some instruments
26:42to play bhajans.
26:44They got some training.
26:46They made a company
26:48of 10-12 people
26:50to play bhajans.
26:52And they started
26:54going to play bhajans at weddings.
26:56Then they made a good uniform.
26:58And slowly
27:00they became very popular.
27:02And everyone
27:04was in a good situation.
27:06Everyone started earning
27:0850-60 thousand rupees every month.
27:10Even a small thing
27:12brings a big change.
27:14I have seen many such incidents.
27:16And I get
27:18inspiration from that.
27:20I get inspiration from you people
27:22that yes,
27:24this can be done in one country.
27:26Let's do something like that.
27:28The people of the country
27:30can be made
27:32together.
27:34I have studied
27:36their hopes and desires.
27:38This monetary scheme is a form of that.
27:40I am sure
27:42that you people
27:44will take this success
27:46to new heights.
27:48And maximum people will benefit.
27:50And the society has given you.
27:52You should also
27:54give to the society.
27:58It should not be that
28:00you should do bhajans.
28:02We should also do something for the society.
28:06Because of which the mind will get satisfaction.
28:08Thank you very much.
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32:16Yes, there is continuous momentum being seen in the same stocks.
32:21The IT stocks also see a mild rebound coming in.
32:25The pharma stocks have been maintaining, you know, a subtle growth.
32:30But Pooja, I want to get to the point that the stock market is a game of volatility.
32:38And the fact that this week also stands really important for India because it's being preceded
32:45by the MPC decision that is going to be tomorrow and day after the MPC meet is currently going
32:51on.
32:52And it is going to be very important that what stance will the RBI governor take because
32:58the Indian government has shared and while they do not have a direct involvement in the
33:05stock market, the government is hopeful that the geopolitical concerns will subsume eventually.
33:11But what really matters is how the RBI is going to look at the state of economy and
33:17if there could be a change in the interest rates.
33:20Karishma, Aishwarya, thank you very much for all the latest on that.
33:25So for now, a certain relief that there's been the markets opening in green.
33:30But remember, there's still a lot of uncertainty.
33:32We do not know what way Donald Trump will go and how the world economic order will look
33:36like.
33:37I'm talking about America and China, specifically in this segment.
33:40Donald Trump slapped 34% reciprocal tariff on China, way higher than that on India.
33:46Beijing announced a tit for tat tariff, also 34% on American goods.
33:51Then Trump goes on to threaten another 50% tariff on China if they do not take back their
33:56retaliatory tariff by 8th of April.
33:58American president says that all talks will be terminated with China on immediate basis
34:03with regard to the tariff.
34:04But China still is undeterred while India continues to take a negotiation route.
34:09The Xi Jinping administration says Trump's fresh tariff threat is a mistake.
34:14It's an economic blackmail.
34:17Amid all of this, what is India up to?
34:19India for now is looking at talks, negotiations, meetings while with exporters internally,
34:24but also with American administration officials.
34:39This is
43:04The Chinese government has made its solemn position clear regarding the US abuse of tariffs.
43:09The United States, under various pretexts, has imposed tariffs on all its trading partners
43:14including China, which severely infringes upon legitimate rights and interests of other
43:19countries, seriously violates the rules of the World Trade Organization, gravely undermines
43:25the rule-based multilateral trading system and disrupts global economic order and stability.
43:32The Chinese government strongly condemns and firmly opposes such actions.
43:36The US approach is a typical act of unilateralism, protectionism and economic bullying, which
43:42causes harm to others while backfiring on itself.
43:46Europe has reacted with a mix of criticism, economic concern and calls for unity within
43:52the European Union.
43:59Of course, we did not agree with the choice of the United States, but we are ready to
44:03deploy all the instruments, negotiations and economics needed to support our businesses
44:08and the sectors that will be penalized.
44:12Germany's economy minister was among the first European officials to voice strong criticism
44:18labelling the US move as dangerous and counterproductive.
44:26The argument that Trump uses as the basis for his decision simply does not apply, so
44:32we shouldn't get involved in this argument at all.
44:35And this is linked to the fact that talk of reciprocal tariffs, that is such countermeasures
44:40against advantages that Europe or the world has over the USA, is simply wrong.
44:45They are preventive measures, they are isolationist measures that he has taken with serious damage
44:50to the global economy.
44:51The stock markets are already collapsing and the damage could become even greater.
44:57The US decision to raise tariffs against Europe and the rest of the world is extremely unfortunate,
45:04but the EU stands united right now.
45:06We are in favour of a negotiated solution, but of course stands ready for countermeasures
45:12that are well targeted.
45:16Voices of discontent are also growing louder within the United States.
45:21Millionaire fund manager Bill Ackman, who endorsed Donald Trump's run for president,
45:26said the US leader was losing the confidence of business leaders and should pause his trade
45:32war.
45:34Elon Musk himself is pushing for zero tariff zone between US and EU.
45:41I hope that the United States and Europe can establish a very close partnership.
45:50We obviously are, there's an alliance already, but I'm hopeful that there can be a very close
45:55relationship with America and Europe.
45:59Goldman Sachs has raised the odds of a US recession to 45% from 35%.
46:05The second time it has increased its forecast in a week.
46:09Amid a growing chorus of such predictions by investment banks due to an escalating trade
46:14war.
46:15At least seven top investment banks have raised their recession risk forecasts, with JP Morgan
46:22putting the odds of a US and global recession at 60%.
46:26On fears that the tariffs will not only ignite US inflation, but also spark retaliatory measures
46:33from other countries.
46:35Bureau Report, India Today.
46:38All right, on that note, I'm wrapping up this bulletin for now.
46:43Thank you so much for watching our morning bulletin.