Ashutosh Agrawal

Father, Son, Husband | Business | Investing | Hindu | Indian

[Buggy Human @SridharanAnand]

Benne and Rameshwaram Cafe opened.
Mobile network available on Aqua Line Metro.
Speed limit on JJ Flyover increased from 30kph to 40kph.

That's South Mumbai version of achhe din.

[Naval @naval]

Good marketing is finding different ways to tell the truth.

[Hitesh Oberoi @hitobs]

My current mental model basis what I am seeing around me and at InfoEdge in all our verticals - Naukri, 99acres, Jeevansathi and Shiksha.

1) AI is fundamentally deflationary for businesses.

2) When the cost of intelligence drops toward zero, the cost of doing many things drops with it.

3) Everyone becomes more productive but no one stays differentiated for long.

4) The natural outcome? Price compression. Margin pressure, Commoditization.

5) We’ve seen this with the internet, cloud, SaaS. AI is doing it to cognition itself.

But this is only half the story.

6) AI is deflationary for existing markets
and expansionary for new ones

The big mistake

7) Using AI just to do the same things cheaper. That’s a race to the bottom.

8) The real question is, What becomes possible now that was previously impossible?

Three ways I see AI creating real advantage

1) Solving problems that were too expensive to solve or not solvable earlier

2) Serving customers who couldn’t be served before

3) Delivering experiences and quality that wasn’t possible to deliver before

In other words

Don’t just lower costs. Expand the market. Because when capabilities commoditise , value shifts to,

– Distribution and Customer Relationships
– Brand
– Trust
– Proprietary data
– Ecosystems

The winners in the AI era won’t be the most companies which are the most efficient.

They’ll be companies with the best imagination

[Naval @naval]

Vibe coding is more addictive than any video game ever made (if you know what you want to build).

[Narendra Modi @narendramodi]

Today, India takes a defining step in its civil nuclear journey, advancing the second stage of its nuclear programme.

The indigenously designed and built Prototype Fast Breeder Reactor at Kalpakkam has attained criticality.

This advanced reactor, capable of producing more fuel than it consumes, reflects the depth of our scientific capability and the strength of our engineering enterprise. It is a decisive step towards harnessing our vast thorium reserves in the third stage of the programme.

A proud moment for India. Congratulations to our scientists and engineers.

[Anoop @CalmInvestor]

YTD performance over the years. 12 of 20 years were negative as of end of March.

2026 currently 3rd worst.

[Ashutosh Agrawal @AshutoshA]

A 50-year look at GDP "losers" reveals a fatal duo: War and Commodity Dependence.
📍 Venezuela: Oil reliance + crisis = -75% from peak. 📍 Sudan: Ongoing conflict = ~42%

Many others like Libya, Lebanon, Ukraine, Greece, Iraq.

Diversification and balance is the only insurance

[Ashutosh Agrawal @AshutoshA]

Watching modern missiles and drone interceptions feels eerily similar to descriptions in the Mahabharat and Ramayan - where divine arrows met mid-air and neutralized each other. Technology changes, patterns of warfare don’t.

[Abhishek Murarka 💹🐂 @abhymurarka]

Ladies and gents, take note - Sachee Trivedi 🔥

[Ashutosh Agrawal @AshutoshA]

@vedant_bangad Vat vriksha

[Ashutosh Agrawal @AshutoshA]

@vedant_bangad Triveni ghat

[Ashutosh Agrawal @AshutoshA]

"Mereko bhagna nahin hain"

[Ashutosh Agrawal @AshutoshA]

"Kapde zyaada pehno"

[Ashutosh Agrawal @AshutoshA]

https://t.co/YZhVcrazHD

[∱ @Fallibilist]

Everyone misses good ol' Jhunjhunwala going on TV and being pro-India

All these analysts and MF managers just don't have the aura of a gutka-chewing billionaire trader who laughed freely and stayed bullish confidently no matter what

[Buggy Human @SridharanAnand]

It's great to see India-Israel bonhomie.

Two ancient cultures united by Maths, Tech, Innovation, all manner of cerebral pursuits and a mild preference to retain head on neck in the face of barbaric hordes.

[World of Statistics @stats_feed]

Global Millionaire Migration in 2025 💰🌍

Net inflow of millionaires:

🇦🇪 UAE: +9,800
🇺🇸 United States: +7,500
🇮🇹 Italy: +3,600
🇨🇭 Switzerland: +3,000
🇸🇦 Saudi Arabia: +2,400
🇸🇬 Singapore: +1,600
🇵🇹 Portugal: +1,400
🇬🇷 Greece: +1,200
🇨🇦 Canada: +1,000
🇦🇺 Australia: +1,000

Net outflow:

🇬🇧 United Kingdom: −16,500
🇨🇳 China: −7,800
🇮🇳 India: −3,500
🇰🇷 South Korea: −2,400
🇷🇺 Russia: −1,500
🇧🇷 Brazil: −1,200
🇫🇷 France: −800
🇪🇸 Spain: −500
🇩🇪 Germany: −400
🇮🇱 Israel: −350

Biggest winner: UAE 🇦🇪
Biggest loser: UK 🇬🇧

Source: New World Wealth (Henley & Partners)

[Mohit Hajarnis @HajarnisMohit]

One of the often slept-upon benefits of attending the University of Chicago is that they make you read Marx as part of the core curriculum, which is why this article gave me flashbacks of taking SOSC 114 as a freshman.

Marx, writing during the Industrial Revolution, predicted capitalism would periodically devour itself: firms replace labor with machinery to boost profits, but competition diffuses the technology, drives prices to marginal cost, and the gains get competed away. Meanwhile, displaced workers lose purchasing power, hollowing out the demand the whole system depends on. Production rises but no one can afford to buy what's produced - the contradiction between production and realization.

Citrini's piece describes this exact dynamic, then declares there's "no natural brake." It's the most Marxist piece of financial analysis written in years, and makes the same errors Marx did.

Schumpeter offered the obvious rebuttal 80 years ago: creative destruction doesn't just destroy, it creates industries we can't yet conceive of. Everyone in the replies is already making this point, and I think they're right.

But the sharper rebuttal is Hayek's: prices are the brake Citrini says doesn't exist. Who funds $200bn / qtr in AI capex when equities are down 38%, private credit marks are in the 50s, and consumer demand has collapsed? Cost of capital rises. Incremental build-out becomes uneconomical. Capital gets destroyed and reallocated.

Citrini also unknowingly describes Marx's proletarianization of the petite bourgeoisie: the $180k PM driving Uber is textbook. But the article claims this collapses consumer demand, and that's where it breaks.

The top decile drives 50%+ of spending and their wealth is in equities, not W-2 income; they're long the hyperscalers posting records in Citrini's own model. Blue collar is insulated because AI replaces cognitive labor, not physical.

The professional middle class gets crushed, but aggregate demand doesn't.

The spending class IS the capital-owning class. The K-shaped recovery they fear actually stabilizes the demand base they say is collapsing. In the stable aggregate demand, the petit bourgeoisie finds ways to reinvent itself.

I think the Citrini piece is excellent and worth reading. But history has repeatedly shown that periods of transformative productivity gains ultimately accrue to the consumer through lower prices, more leisure, and higher quality of life. Marx's error wasn't diagnosing the disruption, it was underestimating the system's ability to adapt.

[Kotaru Abbaya Chowdary @AbbayaChowdary]

Remembering Mekapati Goutham Reddy garu!

His energy inspired action, his vision created direction, and his kindness touched lives quietly and deeply.

His legacy will not just be remembered, Forever respected.

[World of Statistics @stats_feed]

🎓 Education Level by Religion in the U.S.

% of adults with a bachelor’s degree or higher:

1．Hindu — 70%
2．Jewish — 65%
3．Orthodox Christian — 45%
4．Muslim — 44%
5．Buddhist — 41%
6．Mainline Protestant — 40%
7．Religiously unaffiliated — 37%
8．Latter-day Saint (Mormon) — 36%
9．Catholic — 35%
10．Evangelical Protestant — 29%
11．Historically Black Protestant — 24%

U.S. average: 35%

There’s a 46-point gap between the highest and lowest groups.

Source: Pew Research Center (2023–24 Religious Landscape Study)

Which result surprised you most?