Google Cloud Speech-to-Text API (Chirp) + Gemini 2.5 Flash Non-Thinking. Treat it as a searchable index of what was broadcast, not a quotation record.
00:00:01When the country asks, one has to answer,
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00:02:11Can a country leap 25 positions in the world's
00:02:14competitive ranking in just
00:02:16is shown here. People are going 15 years? India
00:02:20has done it. In 2010,
00:02:23India was at 82nd position
00:02:26in global competitiveness, but thanks to continuous economic
00:02:30reforms, a better business environment and a strong
00:02:33digital infrastructure, today India has reached
00:02:36the 57th position. This is not just a ranking
00:02:40but the story of a changing Indian
00:02:43economy. Today, India is among the fastest growing
00:02:46major economies in the world and has emerged as a reliable
00:02:50destination for global investors. This journey from
00:02:5382nd to 57th
00:02:57position is not just a leap in numbers but a symbol of reform,
00:03:00trust and the development journey
00:03:04of a new India. Just think,
00:03:08in the year 2010, a list
00:03:11of major economies of the world is being made, which measures
00:03:14how easy or
00:03:18all its qualities. how difficult it is to do business in the market of a particular country. In this list,
00:03:21India's number comes at 82nd,
00:03:25meaning in the count of less than 100 countries, India is standing
00:03:28almost near the last steps. Now the scene
00:03:31changed, let's fast forward 13 years, to the year
00:03:342023, the same list, the same criteria, but
00:03:38this time India's name comes at 97th
00:03:41number, a direct leap of 25 positions.
00:03:44This is not a cinematic story, but
00:03:47is known throughout the world the truth of a fresh report which has attracted the attention
00:03:50of economists and policymakers around the world.
00:03:53So how did this
00:03:56Australia, and New Zealand leap happen, which decisions, which laws
00:03:59and which policy were behind it and the most important
00:04:02question, what's next? Let's understand this journey
00:04:06regulations, then India may step by step today. So, this information came from a press
00:04:09release of the Ministry of Commerce and Industry of the Government of India,
00:04:13based on a report by the American think tank
00:04:16Competitiveness Foundation
00:04:20and light titled "India's Next Growth Frontier: Reducing
00:04:23Anti-Competitive Market Distortions to Build on
00:04:27India 2010 to 2023 Reform Progress."
00:04:30This report was prepared by Shankar Singham on
00:04:34July 28, 2026. Now let's talk about the math
00:04:37behind this ranking. This is not a common survey
00:04:41but a special index called the Anti-Competitive
00:04:44Market Distortions (ACMD) Framework.
00:04:48This framework is based on three pillars.
00:04:51First, property rights protection, meaning how strong
00:04:55are property and contract rights. Second, domestic
00:04:58competition, meaning how easy
00:05:01it is to start, grow and compete
00:05:05in business within the country. And third, international
00:05:08competition, meaning how open the market is for foreign trade and investment.
00:05:12So this mathematical model is called the Singham Rangan
00:05:16Bradley (SRB) model, which calculates figures
00:05:20by linking each pillar's score to GDP per capita.
00:05:23Now the question arises, where did this improvement come from?
00:05:27The report clearly states that the biggest contribution
00:05:30came from domestic competition, meaning the improvement
00:05:33in domestic competition, and the biggest reason for this
00:05:37improvement was the Goods and Services Tax (GST) which was implemented in 2017.
00:05:41According to the World Trade Organization (WTO) Secretariat's
00:05:44Trade Policy Review report,
00:05:47GST unified the country's market by combining all the different taxes
00:05:51of the central and state governments, which reduced the problem of
00:05:54cascading effect (tax on tax) and reduced logistics
00:05:58costs. Along with this, the Insolvency and Bankruptcy
00:06:01Code (IBC), implemented in 2016, also played
00:06:05a big role. Now, the objective of this law
00:06:08was to resolve cases of insolvent companies within a specified
00:06:12time limit, maximize the value of assets,
00:06:15and increase the availability of credit.
00:06:19The impact of these reforms was also clearly visible in the World
00:06:23Bank's Doing Business ranking. According to the World Bank's report,
00:06:26this improvement in India occurred particularly in areas
00:06:29such as paying taxes, cross-border trade, and resolving bankruptcies.
00:06:34made in the customs system to facilitate trade.
00:06:38The report mentions initiatives such as Indian Customs
00:06:41Electronic Gateway (ICEGATE), Single Window Interface for
00:06:45Facilitating Trade (SWIFT), Authorized Economic
00:06:48Operator Program, Direct Port Delivery
00:06:50and Direct Port Entry.
00:06:54According to the WTO Secretariat, the SWIFT system replaced
00:06:57nine different documents with an integrated
00:07:01declaration and made online clearance
00:07:04possible, which expedited the movement
00:07:08of goods. Now, it is also important to understand
00:07:11the economic aspect of this entire achievement.
00:07:15The report estimates that due to these reforms, India is gaining
00:07:19an additional 1% in GDP per capita every year, and
00:07:22the potential loss associated with distortions has decreased
00:07:26by 11 percentage points within a 5-year timeframe.
00:07:29The strongest improvement among the three was seen in the domestic
00:07:33competition pillar, where the R-squared
00:07:36value was above 0.74 in seven different variables
00:07:40and even above 0.9% in many.
00:07:43This means that this improvement is not a temporary surge
00:07:46but continuous and stable progress. So far, the story
00:07:50sounds fantastic, doesn't it? But friends, this report is not
00:07:54limited to praise. It also openly discusses
00:07:57the way forward, and this part is the most interesting
00:08:01because it tells us where India's next leap can come from.
00:08:04So first let's talk about the challenges related to foreign trade.
00:08:08According to the report, in 2025, the trade in goods between the European
00:08:12Union and India was 118 billion euros,
00:08:16which is 11.1% of India's total trade,
00:08:18and the European Union is India's third
00:08:22largest trading partner. On January 27, 2026,
00:08:25negotiations on the EU-India Free Trade Agreement were completed,
00:08:29in which, according to the European Commission,
00:08:32more than 90% of tariffs will be eliminated or reduced.
00:08:35However, the report warns that despite the reduction in tariffs,
00:08:39non-tariff barriers such as sanitary and phytosanitary regulations (food
00:08:42safety standards), parasite residue limits,
00:08:46and carbon border adjustment mechanisms may still remain
00:08:50a real challenge for Indian exporters.
00:08:53According to WTO data, India is among the countries that have
00:08:57objected to the European Union's parasite mechanism
00:09:01residue levels rules, and on this issue, countries like
00:09:05America, Brazil, Canada,
00:09:08also seem to stand with India. Another interesting angle is
00:09:12that if Britain dynamically aligns with the European Union's
00:09:16sanitary and phytosanitary
00:09:18face difficulty in fully benefiting from the recently
00:09:22concluded UK-India FTA because Indian exporters
00:09:26may have to face strict regulations similar
00:09:29to those of the European Union in Britain as well.
00:09:33Now, the UK Growth Commission estimates that such an alignment
00:09:36could lead to a loss of about 15 billion pounds
00:09:40for the British economy. Now let's talk about
00:09:43regulations related to foreign investment, which is perhaps
00:09:46the most practical and common aspect for the common man.
00:09:50The report states that in India, 100% foreign investment
00:09:53is allowed through the automatic route in the e-commerce marketplace
00:09:57model, but direct foreign investment is not allowed
00:10:00in the inventory-based model. Similarly, in multi-brand
00:10:04retail, the limit for foreign investment is set at 51%
00:10:08under the government route. Along with this, conditions
00:10:11such as a minimum investment of $100 million, 50%
00:10:14stake in backend infrastructure, and 30% procurement
00:10:18from Indian small industries are also applicable.
00:10:22In the media sector, the limit for foreign investment in publications
00:10:26related to news and current affairs is 26%.
00:10:29In civil aviation, this limit is 49%
00:10:31through the automatic route, and in the defense sector,
00:10:35it goes up to 74%. The third and perhaps the most
00:10:39modern aspect is the digital competition policy.
00:10:42The report mentions the fine imposed by the Competition Commission
00:10:45of India on Google, that in October 2022, in the Android
00:10:48case, a fine of about
00:10:501337.76
00:10:53crore rupees was imposed, and in the Play Store
00:10:57and billing policy case, a fine of about
00:10:59636.44 crore rupees was imposed. Also, the report analyzes
00:11:03the draft Digital Competition Bill introduced in 2024
00:11:06and the global turnover-based penalty framework,
00:11:10stating that rules must be evidence-based,
00:11:13proportionate, and transparent to maintain investor
00:11:17confidence and prevent innovation from being affected.
00:11:20Now, the biggest figure that can be called the essence of the entire
00:11:24report is the estimate of Competitiveness Foundation
00:11:27that restrictions related to foreign investment and
00:11:31this imbalance in competition policy combined
00:11:34can cause a potential loss of about 173.6
00:11:38billion dollars, which is about 4.2% of GDP,
00:11:41to the Indian economy in the next five years.
00:11:45Out of this, about 127.2
00:11:48billion dollars is estimated to be related
00:11:51to foreign investment restrictions, and about 46.4
00:11:54billion dollars is estimated
00:11:55to be related to competition policy drift.
00:12:00It is worth noting that the report itself says that India
00:12:03is the first to bear this loss, because obstacles to investment,
00:12:06competition, and technology dissemination directly affect
00:12:10domestic productivity. So, friends, the overall picture
00:12:13is something like this: the reforms India has undertaken
00:12:17in the last decade and a half, be it GST, IBC, or
00:12:20trade facilitation measures, are considered a major and reliable
00:12:24achievement of India's economic policy. The report also states
00:12:28that through further reforms, whether it is reviewing
00:12:31retail e-commerce regulations, expanding the scope of foreign
00:12:35investment, or balancing digital competition policy
00:12:39further, India still has a great opportunity to accelerate
00:12:43its growth rate. That means the story
00:12:47is not over yet, but according to the report,
00:12:49the real frontier
00:12:51is yet to come.
00:22:28creative episode of Creator's Corner. If you also have a passion
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00:22:46story matters and every voice gets full
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00:22:53episode, we will meet again with new thoughts, new faces, and a new
00:22:56creative flight. Keep creating, keep inspiring and keep
00:23:00watching Creator's Corner only on DD News. Namaskar.
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