After the visit of Russian President Putin to India, a big question has started arising rapidly. Are BRICS countries going to launch their own separate Gold Backed Currency? The debate on social media became more heated when Rich Dad Poor Dad author and veteran investor Robert Kiyosaki claimed that the BRICS countries have announced a new gold-backed currency—“UNIT”—and now it is time to “Goodbye US Dollar.” But is this claim true? In this video we will understand the truth of this entire issue in detail. Contrary to Kiyosaki’s claim, no BRICS country has yet officially launched a gold-backed currency. Yes, there are political discussions going on among the BRICS countries about a gold-linked payment system, informally called “Unit”—the purpose of which is to facilitate trade outside the dollar-dominated global system. It is also worth noting that the US dollar itself was gold backed until 1971. Today, when many countries are rapidly increasing their gold purchases, it is natural for the demand and debate on gold backed currency to intensify again.

India’s economy grew at a robust 8.2 percent in the July–September quarter, the highest in the last six quarters. Last year in the same quarter the GDP was 5.6 percent and in April-June it was recorded at 7.8 percent. Economists had estimated growth at 7.3 per cent, while the RBI had pegged it at 7 per cent, but the actual figures exceeded these estimates. The reasons behind this sharp growth are relief in GST, increased demand in the market before festivals, increase in expenditure in rural areas and strength in many sectors. Finance Minister Nirmala Sitharaman had earlier said that the GST cut would leave people with additional savings of around Rs 2 lakh crore, and the second quarter results reflect the same effect. Sector wise, primary sectors like agriculture and mining grew by 3.1 percent. The agriculture sector has grown at the rate of 3.5 percent. The manufacturing sector has registered an impressive growth of 9.1 percent in this quarter, compared to just 2.2 percent last year. The service sector also performed strongly, with trade, hotels and transport seeing growth of 7.4 percent, financial and real estate 10.2 percent and public administration and defense 9.7 percent. This video will explain to you every important aspect of India’s GDP growth in detail—why the figures increased, which sectors made the biggest contribution, where the economy is likely to head next and how all this could impact the global landscape.

A small company that once made graphics chips for video games has today become the largest company in the world. This is the story of Nvidia, whose valuation crossed 5 trillion dollars i.e. Rs 453 lakh crore for the first time on 29 October. The amount of 5 trillion dollars will not be known just by listening. Just understand that this amount is more than the economy of the entire country of India. This can feed the entire world, eliminate poverty and provide shelter to crores of people.

So let us understand in ABP Explainer how much is 5 trillion dollars, what can be bought with this much money and how Nvidia became the most expensive company in the world…

Question 1- What is Nvidia company and what does it make?
answer- Nvidia is a technology company, known for the design and manufacturing of graphics processing units (GPU). It was founded in 1993 by Jensen Huang, Curtis Priem and Chris Malachowski. Its headquarters is in Santa Clara, California. Nvidia is already the world’s most valuable semiconductor firm. It has four engineering development centers in India, located in Hyderabad, Pune, Gurugram and Bengaluru.

Nvidia designs and manufactures chips for gaming, cryptocurrency mining and professional applications. Along with this, its chip systems are also used in vehicles, robotics and other equipment. Consider semiconductor as the brain of electronic gadgets. From computers, laptops, cars, washing machines, ATMs, hospital machines to handheld smartphones, all work on semiconductor chips. This chip helps in operating these gadgets like a brain. Every electronic item is incomplete without it. Semiconductor chips are made of silicon and are used to control electricity in circuits.

On October 29, Nvidia’s market cap reached Rs 5.13 trillion for the first time. Nvidia became the first company in the world to cross this figure. After Nvidia, Microsoft and Apple are the most valuable companies in the world. The market cap of Microsoft is 4.03 trillion dollars i.e. 356 lakh crore rupees. Apple is at third place with $4.02 trillion (Rs 355 lakh crore). Google is at fourth place with $3.25 trillion (Rs 287 lakh crore) and Amazon is at fifth place with $2.45 trillion (Rs 216 lakh crore).

Question 2- What are the reasons for Nvidia becoming a 5 trillion dollar company?
answer- Nvidia became a 5 trillion dollar company due to 7 big reasons…

• Growth in AI: Nvidia’s H100 and Blackwell chips are the fastest and necessary for AI tools like ChatGPT, every big company is using these chips.
• Share rise: The company’s shares have increased 12 times since 2022. In just 3 months the value of the company increased from Rs 4 trillion to Rs 5 trillion.
• Large Orders: CEO Jensen Huang announced $500 billion AI chip order. There is also a plan to build 7 supercomputers for America.
• Trust in company: Investors feel that the cost of AI will continue to increase in the coming years, hence they are continuously investing money in Nvidia.
• No competition in the world: There are competitors like AMD, Intel, but till now no company has been able to make chips as fast and reliable as Nvidia.
• Benefit in US-China tension: America has banned selling high-end chips to China. With this, Nvidia became the favorite company of the US government.
• Smart Leadership of CEO: Jensen Huang turned the company towards AI at the right time. He is now the hero of Silicon Valley and investors have faith in him.

Question 3- What does this 5 trillion dollars mean?
answer- If we understand in simple words, the market value of Nvidia is 5 trillion dollars, that is, if someone buys all the shares today, it will cost this much. Nvidia shares have increased 12 times since the launch of ChatGPT in November 2022. On October 29, Nvidia shares traded at $210 i.e. Rs 18,534 with a rise of 4.5%.

Nvidia is worth more than the cryptocurrency market ($4.9 trillion) and half of Europe’s stock index. According to the International Monetary Fund (IMF), Nvidia’s value is about Rs 90 lakh crore more than India’s GDP of $ 4.13 trillion (Rs 364 lakh crore). Nvidia also left behind Japan ($4.1 trillion) and UK ($3.7 trillion).

Question 4- How big is the amount of 5 trillion dollars that Nvidia is talking about everywhere?
answer- In fact, this amount becomes so huge that it is beyond imagination. But let’s understand from everyday example…

• 350 AIIMS will be built: On September 15, 2024, the Union Cabinet approved Rs 1,264 crore for Darbhanga AIIMS in Bihar. That means the cost of building an AIIMS hospital is more than Rs 1200 crore. This includes 750 beds, 100 MBBS seats and 60 nursing seats. If we calculate accordingly, around 350 AIIMS can be built for 5 trillion dollars. This means that there will be super specialty hospitals in every corner of India, where lakhs of people will be able to get free treatment.
• 700-800 IIM institutes will be built: The cost of setting up an IIM institute in 2025 is Rs 500-600 crore (estimated from the cost of the entire building campus of IIM Calcutta at Rs 500 crore and fee structure). That means 700-800 IIM institutes can be built with 5 trillion dollars.
• 220 Rafale will be available: The price of one Rafale jet in 2025 is around Rs 2,307 crore. On April 28, 26 Rafale M were ordered from India-France deal worth Rs 63 thousand crore. According to this, 220 Rafales can be purchased with 5 trillion dollars, which will make the Indian Air Force a super power.
• 2 thousand years funding to ISRO: The annual budget of Indian Space Research Organization (ISRO) is Rs 20 thousand crores. This means that 5 trillion dollars will provide funding for 2 thousand years. This means missions like Chandrayaan will continue for centuries.

Question 5- Can the entire world be fed with 5 trillion dollars?
answer- According to UN World Population Prospects, the world population is 8.1 billion. According to the report of the World Bank’s Food Prices for Nutrition Data Hub, the cost of food for one month per person is $ 3.66 i.e. Rs 4,433. Now if we calculate it with 5 trillion then the whole world can eat food till its stomach for about 12.3 months.

Question 6- What wonders can this money do in eradicating poverty around the world?
answer- According to the June 2025 report of the World Bank, 808 million (80.8 crore) people will be in extreme poverty in 2025. 9.9% of the global population lives on less than $3 per day (Rs 266). According to the World Bank’s Deep Research Program, the annual cost of eradicating poverty per person is $ 100 (Rs 8,867). This means that with 5 trillion dollars, everyone’s poverty will end in about 62 years.

US President Donald Trump has again shocked the world with his tariff policy. This time the target has been Heavy Duty Truck Industry. Trump announced on his social media platform Trucks worth $15.6 billion came from Mexico and $4.5 billion from Canada. Although the export of trucks from India is nominal, a large part of auto components goes to America. India’s exports worth $6.79 billion (about ₹60,000 crore) are now in danger. This Tariff may cause a loss of ₹ 10,000 to ₹ 12,000 crore to Indian companies. There will be a direct impact on the revenue of companies like Sipra Engineering, RK Industries, Sona Comstar and Samvardhana Motherson because 20-25% of their earnings come from America. This Tariff will not only affect the American Truck Industry will also shock the global supply chain.

Us President Donald Trump has once again stakes tariffs. From July 9, there is a preparation to impose 50% on Copper and up to 200% on Pharma Products. Along with this, Trump has also made it clear that the last date to implement the tariff will be 1 August, and there will be no further move. The direct impact of this decision is going to be on the economy around the world and especially India. Us Comex Copper Futures have seen a record gains of 12% after this news, as the American domestic industry can get a big benefit from it. But on the other hand, India may suffer a major setback as the US is India’s third largest customer in terms of Copper Import-FY 2024-25 India exported a $ 360 million copper to the US, which is 17% of the total exports. Apart from this, there is a matter of concern for India in the pharma sector as well.

America’s new trade policy has a big impact on India! From 1 August 2025, the US is going to impose a reciprocal tariff of 10% on imports of more than 100 countries. It also includes countries like India, Japan and European Union, which have been given the ultimatum of ‘take it or leave it’. What will be the effect on India? Pressure on textile, pharma, IT, auto and jewelery sector may increase. If there is no Trade Agreement till 9 July, India may have to face this tariff from August. India has given a positive message to the US by reducing tariffs on borbon whiskey, electronics and autos. But there are some possibilities at the same time: India’s export advantage may increase compared to China and Vietnam. India can strengthen its grip in Global Supply Chain. So will this decision affect your pocket? Will your favorite products be expensive? Comment by commenting at the end of the video – in which sector do you feel the most impact?