TELESUR — broadcast
20260806 230000 UTC
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[00:00:00] government in which he detailed hundreds of achievements of his
[00:00:03] administration and insisted that he received a country
[00:00:06] practically destroyed by
[00:00:09] consolidating India as one of the main previous socialist administrations to which he attributes
[00:00:11] practically all current evils. In social
[00:00:15] sectors, the president's report was rejected because it is affirmed that
[00:00:18] in this time of government he has demonstrated that lies characterize
[00:00:22] his discourse. It was also highlighted that the president
[00:00:25] uses erroneous information such as affirming
[00:00:29] that previous governments broke diplomatic relations with
[00:00:33] neighboring Peru, which never happened and was only a
[00:00:36] Bolivian protest in rejection of the coup d'état that
[00:00:40] enthroned Mrs. Dina Boluarte in the neighboring nation, which
[00:00:43] led to the withdrawal of ambassadors from both countries, but
[00:00:47] relations continued. This
[00:00:49] national anniversary and first 9 months of the new
[00:00:53] government's administration, finds the country in a state of emergency, formerly
[00:00:57] known as a state of siege, resources.
[00:01:00] used to end a union protest of more than 50
[00:01:03] days against the government, the constant
[00:01:06] increase in the cost of living due to the
[00:01:09] dollar's float, which increased
[00:01:11] consolidating the export channel as the its quotation every day in the
[00:01:14] first month, is also maintained. In addition, accusations of alleged
[00:01:18] millionaire state corruption are proliferating
[00:01:21] in at least five
[00:01:28] Morales, we conclude this installment of our 360
[00:01:31] star report. It will be until a next
[00:01:34] opportunity, stay tuned to our multiplatform,
[00:01:50] how are you, Jorge Gestoso speaking, I invite you to join me in a new
[00:01:53] program where we will be talking about the climate crisis,
[00:01:57] Europe is burning with another one.
[00:02:20] draft for ships in the
[00:02:34] investment. Beyond
[00:02:40] Welcome to Impacto Económico, I'm Santo Domingo becomes the venue for Luis Francisco Blandón from Caracas,
[00:02:44] Venezuela, much to comment on economic matters in our towns, the world,
[00:02:47] we begin with
[00:02:48] headlines.
[00:02:52] In Latin America, we talk about Venezuela, a country that provides financing to businesses
[00:02:56] and entrepreneurs for the earthquakes of June 24. Today in context we will see India
[00:03:02] how it begins to gain
[00:03:06] prominence in the world
[00:03:08] economic scenario.
[00:03:12] and in Economy 360, drought in France forces
[00:03:15] farmers to use crops resistant to high temperatures.
[00:03:58] we start our record. In Latin America, speaking of Venezuela, the
[00:04:02] acting president Elsi Rodríguez delivered financing to businesses
[00:04:06] and entrepreneurs affected by the double seismic
[00:04:09] event of June 24 in La Guaira state and as part of an
[00:04:13] integral plan aimed at accelerating the economic
[00:04:16] recovery of the entity. The measure seeks to support the sectors that
[00:04:20] remain standing and accelerate the reactivation of those
[00:04:24] appreciate our products, currently that were paralyzed by the emergency. Rodríguez highlighted the
[00:04:27] resilience of the Venezuelan people, noting that more than.
[00:04:32] remain active in the region, including 10,700
[00:04:35] entrepreneurs, 7,256 formal
[00:04:38] commercial units, more than 3, service providers
[00:04:41] on the beaches and 1910 linked to
[00:04:44] informal activity. The plan contemplates five fronts:
[00:04:48] assistance to commerce, entrepreneurship and banking, rehabilitation
[00:04:52] of the market and in Catia La Mar also support for
[00:04:55] tourism service providers, rapid employment for affected families.
[00:05:00] The day included authorities from the economic, financial and
[00:05:03] tourism areas along with the governor of La Guaira
[00:05:06] state.
[00:05:12] The Argentine automotive industry recorded poor results in
[00:05:15] July, with terminals producing 31,189
[00:05:19] vehicles, which represents a decrease of
[00:05:22] 15.8% compared to June and 16%
[00:05:25] compared to July last year, in the accumulated from January to
[00:05:29] July, manufacturing reached
[00:05:31] 235,847
[00:05:33] units, an 18% less
[00:05:37] year-on-year. This reflects a setback and the
[00:05:40] weakness of the domestic market, hit by restrained
[00:05:44] consumption, high financial costs and loss of purchasing
[00:05:48] power, wholesale sales to
[00:05:51] dealerships also fell 22.4% monthly
[00:05:54] in July and accumulate a 24.9% drop
[00:05:58] in the year, in contrast, foreign trade continues to be
[00:06:02] the main support with exports growing
[00:06:06] by 28.3% year-on-year in July, adding
[00:06:09] a slight increase of 1.6% in the first
[00:06:12] 7 months, according to the president of the Association of Automotive
[00:06:16] Manufacturers, Rodrigo Pérez Graciano, production
[00:06:19] adjusts its rhythms to internal weakness,
[00:06:24] engine of
[00:06:24] activity.
[00:06:33] The Constitutional Court of Chile unanimously declared admissible
[00:06:37] the opposition's objections against the mega-reform or national
[00:06:40] reconstruction law of the government of José Antonio Cast, the
[00:06:44] body will review two key points, such as tax
[00:06:48] invariability that seeks to maintain for up to 25
[00:06:51] years the reduction of corporate
[00:06:54] tax to large companies and in the priority of
[00:06:57] processing investments above environmental protection. The Court
[00:07:01] gave a 5-day deadline to the parties and set a public hearing for August
[00:07:05] 12 where the civil society's allegations will be heard.
[00:07:09] One day later, the court will issue a final
[00:07:12] and unappealable ruling on this miscellaneous law of more than 40
[00:07:16] points, questioned for granting alleged tax
[00:07:19] privileges to large
[00:07:20] companies.
[00:07:27] The Panama Canal announced a gradual reduction of the maximum
[00:07:32] Neopanamax locks, as a
[00:07:35] preventive measure against the effects of the El Niño
[00:07:39] phenomenon and to guarantee water and continuous operation.
[00:07:43] From August 26, the authorized draft will be
[00:07:46] 48 feet and from September 3 it will drop to
[00:07:50] 47.5 feet, a decision that responds to the
[00:07:54] current levels and projections of Gatún Lake, the main
[00:07:57] source of water for the locks and the population's
[00:08:01] consumption. For its part, the administration clarified that these
[00:08:03] adjustments will not affect the number of daily
[00:08:06] transits. The measures are based on hydrological analysis
[00:08:10] and experience from past droughts. Specialists
[00:08:13] maintain continuous monitoring of climatic
[00:08:16] conditions to assess future impacts, safeguarding this
[00:08:20] route where nearly 6% of world
[00:08:24] maritime
[00:08:24] trade transits.
[00:08:31] We move on to Guatemala. The state is debating a second millionaire
[00:08:34] subsidy to contain the fuel crisis. Analysts
[00:08:38] warn that the measure favors large distributors, while
[00:08:42] consumers continue to bear the impact of increasingly
[00:08:46] high prices,
[00:08:50] the happy journey of this sign contrasts with the real cost of
[00:08:53] moving around in Guatemala, in several parts of the country the gallon of
[00:08:56] fuel already exceeds 5.5 and
[00:08:59] transporters warn that fares and food could
[00:09:03] increase, it's too much, it has
[00:09:06] doubled the price, before if
[00:09:10] we said we put four gallons it was... 100 quetzales,
[00:09:13] right, but now two gallons, 100 quetzales, it's
[00:09:16] too much. For the Ministry of Energy and Mines, the first subsidy
[00:09:19] of more than 262 million dollars managed
[00:09:23] to cushion the impact of the rise in fuel prices. On April
[00:09:26] 28, there was a decrease of eight quetzales for
[00:09:30] diesel and five quetzales for gasoline, which is the yellow
[00:09:33] line. So, what the population, gasoline
[00:09:37] consumers, perceived was that yellow line that
[00:09:40] lasted until July
[00:09:42] 2. In Guatemala, the fuel business is concentrated in at
[00:09:46] least eight wholesale distributors and more than 1,300
[00:09:50] gas stations nationwide. Analysts question the absence of
[00:09:54] state controls to detect possible speculative
[00:09:57] practices that the state does not
[00:10:00] establish price caps or regulate the
[00:10:03] market. There is not even a public entity that is
[00:10:07] capable of doing that. All we have is a very weak
[00:10:10] consumer ombudsman's office that
[00:10:14] only supervises and informs through
[00:10:17] a website. A second subsidy awaits congressional
[00:10:21] approval, social movements and various opponents warn
[00:10:25] that the main benefit could once again remain
[00:10:29] in the hands of large fuel distributors, no, the
[00:10:32] subsidy will go to large companies, that is, we are
[00:10:36] once again giving the subsidy to those who
[00:10:40] even use
[00:10:42] the war to raise prices
[00:10:45] immediately, even if the inventory they had was bought
[00:10:49] cheaper, that is, they are also speculators,
[00:10:52] unfortunately, that's where Congress directed the subsidy, it didn't
[00:10:56] direct it to the people. In Guatemala, where a gallon of
[00:10:59] fuel weighs more than the minimum wage, the global crisis
[00:11:03] serves as a pretext for an economic model designed to
[00:11:06] guarantee private rents over collective rights.
[00:11:10] Santiago Botón, Telesur Guatemala.
[00:11:14] Thank you, Santiago Botón, our colleague in Guatemala, we move on to Mexico,
[00:11:18] President Claudia Sheinbaum expects public works to boost the
[00:11:22] Mexican economy in the second half of the
[00:11:25] year, thanks to the advance of infrastructure in highways,
[00:11:29] energy, trains, water, as well as mixed investments and
[00:11:33] private projects. She highlighted that housing production
[00:11:36] generates a key impetus for growth. In the energy
[00:11:39] sector, she indicated that mixed projects with a
[00:11:41] 54% participation of the Federal Electricity
[00:11:45] Commission and 46% of
[00:11:48] private initiative add up to about 8 MW, with the
[00:11:51] goal of reaching 22 MW of
[00:11:55] renewable energy, finally, citing an article from The Economist,
[00:11:59] she stressed that economic growth is not everything, since what is
[00:12:02] truly important is the distribution of wealth and
[00:12:05] social
[00:12:06] justice.
[00:12:14] With that, we go to a brief break in our
[00:12:17] program and later we will see how India begins to gain
[00:12:21] prominence in the world economic scenario. We'll be right
[00:12:49] back. More than 100,000 athletes from
[00:12:52] 37 countries
[00:12:56] compete in 40 disciplines,
[00:16:24] Thank you for following us on Impacto Económico, today in our
[00:16:27] context we talk about India, because well, for years
[00:16:30] China was considered the main engine of Asian growth and
[00:16:34] one of the economies that transformed international
[00:16:37] trade, however, the world economic scenario
[00:16:41] is beginning to show a new protagonist, India.
[00:16:44] Let's see in the following material.
[00:16:47] India maintains one of the highest growth rates among large
[00:16:51] economies and is consolidating as an increasingly
[00:16:54] relevant actor in manufacturing, technology, investment and
[00:16:58] international trade. The International Monetary Fund (IMF)
[00:17:02] projects that India's economy will grow around
[00:17:05] 6.4% in 2026, a pace that
[00:17:09] widely exceeds that of the main developed economies and remains
[00:17:13] among the highest in the world, with a gross domestic
[00:17:16] product close to 4.2 trillion
[00:17:19] dollars. India is consolidating as the fourth largest
[00:17:23] economy in the world in nominal terms, while by purchasing
[00:17:25] power parity it ranks third, only behind
[00:17:29] China and the United States. This performance is complemented by a
[00:17:33] domestic market of more than 1.45 billion
[00:17:36] inhabitants, the largest on the planet, whose growing middle
[00:17:40] class drives consumption, investment and the
[00:17:43] expansion of sectors such as construction, services
[00:17:46] and manufacturing industry. India's
[00:17:49] rise also occurs in an international context
[00:17:52] marked by the reorganization of global supply chains.
[00:17:56] Companies from different sectors seek to diversify their production
[00:17:59] centers, reduce geopolitical risks and expand their
[00:18:03] presence in new markets, factors that have
[00:18:06] made the country one of the main destinations for foreign
[00:18:11] the growth figures, the true transformation
[00:18:15] consists of understanding what economic policies are
[00:18:18] driving this change and why more and more analysts
[00:18:21] believe that India could become one of the main
[00:18:25] engines of the world economy in the coming
[00:18:28] decades. India's rapid growth is not only due to the dynamism
[00:18:31] of its domestic market. Let's see the details
[00:18:35] below. Over the last decade,
[00:18:39] India has promoted a strategy aimed at strengthening
[00:18:42] its industrial capacity through investments in
[00:18:45] infrastructure, production incentives and the attraction
[00:18:48] of international companies seeking to diversify their supply
[00:18:52] chains. One of the main axes of this policy is the
[00:18:56] Make In India program, launched to
[00:18:58] increase the weight of manufacturing within the economy and
[00:19:02] turn the country into a global production hub. Added to this are
[00:19:06] initiatives such as the Production Linked Incentives,
[00:19:09] PLI, which offer economic incentives to boost
[00:19:13] strategic industries such as electronics,
[00:19:16] semiconductors, battery manufacturing, pharmaceutical
[00:19:19] products and the automotive sector. Infrastructure
[00:19:22] also plays a central role in this
[00:19:25] strategy. In recent years, the Indian government has
[00:19:29] steadily increased public investment in
[00:19:32] highways, industrial corridors, ports,
[00:19:35] airports and high-capacity
[00:19:37] railway networks, the budget allocated to infrastructure
[00:19:41] exceeds $130 million annually, while
[00:19:44] logistics projects continue to be developed to reduce
[00:19:48] transportation costs and improve the competitiveness of
[00:19:51] exports. These advances are beginning to
[00:19:54] be reflected in the arrival of foreign direct investment and in the
[00:19:58] expansion of manufacturing production, technology
[00:20:01] companies and international manufacturers have expanded
[00:20:04] their operations in India, taking advantage of an environment that combines
[00:20:08] skilled labor, a large domestic market and an
[00:20:11] increasingly modern
[00:20:13] infrastructure. India's growth no longer depends
[00:20:17] solely on the manufacturing industry. Over the
[00:20:20] last two decades, the country has built one of the most dynamic
[00:20:23] technology sectors in the world, becoming a global
[00:20:26] benchmark in digital services, software
[00:20:29] development, innovation and pharmaceutical production.
[00:20:33] Exports of IT and business services exceed
[00:20:36] 200 billion,
[00:20:39] driven by national companies that provide technology
[00:20:42] services to companies around the world, cities
[00:20:46] such as Bengaluru, Hyderabad and Pune
[00:20:50] concentrate thousands of companies dedicated to software
[00:20:53] development, artificial intelligence, biotechnology and
[00:20:56] digital financial services,
[00:20:59] technology hubs in
[00:21:02] Asia. At the same time, the country has become the third largest
[00:21:06] startup ecosystem in the world, only behind the United
[00:21:09] States and China. The growth of the digital economy
[00:21:13] has also been driven by national electronic payment
[00:21:16] platforms, government digitalization programs and
[00:21:19] rapid expansion of internet access. Added to this scenario is a
[00:21:23] pharmaceutical industry that supplies medicines and vaccines to
[00:21:27] dozens of countries, strengthening India's position within global
[00:21:30] supply chains. The combination of manufacturing,
[00:21:34] technology and innovation explains why the Indian
[00:21:38] economy is increasingly diversifying its sources of
[00:21:41] growth.
[00:21:47] India's economic rise also modifies the international
[00:21:50] geopolitical balance, its growing productive capacity,
[00:21:54] the size of its market and its demographic weight allow
[00:21:58] it to expand its commercial relations with different regions,
[00:22:02] without exclusively depending on a single economic bloc. As a
[00:22:05] member of the BRICS group, India participates in initiatives
[00:22:09] aimed at strengthening cooperation among emerging economies and
[00:22:12] promoting new alternatives for financing and investment. At the same time,
[00:22:16] it maintains a close economic relationship with the United States, the main
[00:22:20] destination for its service exports, while deepening
[00:22:24] trade with countries in Southeast Asia, Africa and West
[00:22:27] Asia. This diversification strategy has allowed Indian
[00:22:31] foreign trade to exceed $1.6 trillion
[00:22:34] in goods and services, consolidating the country as
[00:22:38] one of the most dynamic actors in international exchange. In addition
[00:22:42] to expanding its exports, India seeks to position itself as a
[00:22:46] priority destination for companies that are reorganizing their
[00:22:49] production chains, this process strengthens its role within an
[00:22:53] increasingly multipolar world economy, where competition
[00:22:56] to attract investment acquires a strategic
[00:22:59] character.
[00:23:08] Let's go with our Economy 360 segment, talking about France,
[00:23:11] farmers are turning to drought-resistant crops
[00:23:15] in the face of climatic
[00:23:20] In the face of recurrent heat waves and drought, more and
[00:23:24] more farmers in the Alsace region in northeastern
[00:23:27] France are opting for crops such as
[00:23:31] lentils, chickpeas and quinoa. These
[00:23:34] alternatives require significantly less
[00:23:37] water and pesticides than traditional
[00:23:40] crops, adapting better to the new climatic
[00:23:44] demands. This is the first time I've watered my
[00:23:47] chickpeas, right in the middle of the bloom. In June, we
[00:23:51] were hit by the first heat wave, I use irrigation carefully and
[00:23:55] only water when it is really necessary, because with fuel
[00:23:58] prices we all know what the costs are, for
[00:24:02] us irrigation is an important expense, but I'm not going to
[00:24:06] lose an entire harvest, the production of the whole year due to two
[00:24:09] weeks of extreme heat and say I'm not going to water because they are
[00:24:13] chickpeas, I need a decent yield and
[00:24:16] consumers want to eat local products, so this
[00:24:20] year I decided to water my chickpeas twice. Faced
[00:24:23] with the growing climatic pressure, the
[00:24:26] interprofessional association of fruits and vegetables of France
[00:24:29] warned about the severe impact that heat waves
[00:24:33] and violent hailstorms are causing in agricultural
[00:24:36] and horticultural production. And
[00:24:40] affirmed that, although the current supply is
[00:24:43] guaranteed, if these extreme
[00:24:46] conditions intensify, not only will the volume of
[00:24:50] harvests be jeopardized in the medium term, but a sustained
[00:24:54] increase in food prices will be triggered,
[00:24:56] with temperatures like these, the
[00:25:00] problem is that plants abort their flowers, they bloom, but
[00:25:04] then the flowers fall off and nothing develops afterwards,
[00:25:07] my goal is still to achieve a good yield, because in the
[00:25:11] end there are people who really
[00:25:14] the most affected crops are onions,
[00:25:18] chayotes, carrots,
[00:25:22] leeks, fennel, radishes,
[00:25:25] garlic, blueberries and strawberries and since
[00:25:28] May the European country has suffered
[00:25:31] three heat waves with maximums of up to
[00:25:34] 44 degrees in some parts of the national
[00:25:37] territory, likewise, official
[00:25:40] information indicated that of the total of 101 French
[00:25:44] departments, 98 are in a
[00:25:46] drought situation, of which 57 are in
[00:25:50] a crisis situation with significant restrictions for
[00:25:53] water use, a panorama that, if it shows no prompt
[00:25:57] improvement, could generate more complications that
[00:26:00] prevent the functioning of the national agricultural
[00:26:03] sector.
[00:26:08] We continue in Europe. Italy recorded a drop in its industrial
[00:26:12] production. The National Institute of Statistics Istat indicated that in
[00:26:16] June of this year, the productive index in Italy
[00:26:19] decreased in the manufacturing of consumer, intermediate and capital
[00:26:23] goods, by 0.7%, 0.9%
[00:26:26] and 2.1% respectively. It highlighted that in the same
[00:26:30] month, Italy's production decreased
[00:26:34] by 0.6% compared to the same period last
[00:26:37] year, with marked decreases in the consumer and intermediate
[00:26:41] goods sectors of between 3.2 and 1.2 percentage
[00:26:44] points respectively.
[00:26:46] It also highlighted that
[00:26:50] in that period there was an increase compared to the month of
[00:26:53] May in the energy sector with an increase of
[00:26:56] 0.8%, adding that in the second quarter of
[00:26:59] 2026, an average production growth of
[00:27:02] 0.4% was recorded compared to the results
[00:27:05] achieved in the previous three
[00:27:08] months.
[00:27:16] Time to see oil indicators at the close of this day and
[00:27:20] I'll start with the Texas intermediate crude barrel which marked
[00:27:24] $78.9
[00:27:26] in an increase, which represents an increase of 80 cents
[00:27:30] per dollar. The Brand barrel in Europe with
[00:27:33] $83.23,
[00:27:36] this represents a drop of 29 cents per dollar and the
[00:27:39] crude averaged by the OPEC basket marked
[00:27:42] $7.34,
[00:27:45] also a drop, but this time of $3.8 cents
[00:27:48] at the close of the
[00:27:49] day.
[00:27:53] This concludes the economic scenario in our towns and the world,
[00:27:56] www.telesurtv.net with this real-time signal also on
[00:28:00] Telegram, all of Telesur's economic service
[00:28:04] stay with us,