Pawan Kalyan 🔥
"Hindus have got only ONE Country on this Planet Earth, unlike other religions. If Hindus lose the majority in India we will lose our entire existence. If u don't agree Just look what's happening in your Neighborhood, Europe & Middle East" https://t.co/Q0hFc5EnQr
Today marks a significant milestone in my 24 years of investing. I’ve sold all my remaining direct stock shares and now don't own any individual stocks. Instead, over 90% of my financial wealth is in equity-based mutual funds. It took me a long time and a lot of mental effort to let go of my preference for direct stocks and realize that managed portfolios often provide better returns in the long run, especially if I’m not investing in stocks full-time.
Who is Devta?
Devta finds it's origin frm word "दे"
Means the one who gives. The Deity who has power to fulfill wishes of his or her devotees.
@UniversityTexas@UT_Dallas@dallasnews@RahulGandhi@INCIndia
Kindly stop taking lessons frm Ignorant people
https://t.co/8WSFs0BjrC
Read an interesting and bold note by Ambit Asset Management on the transformation and unlocking future potential of the state of UP.
1. The stage 1 transformation of UP happened via the elimination of Mafia or Goonda Raj, the key reason for poor state of UP's economy. In Year 1 of current regime, the 50 most wanted criminals were eliminated in encounters, 4880 criminals arrested. Infact, 5500 criminals cancelled their bails fearing police encounters. The end of Mafia Raj unleashed UP's growth ambitions.
2. Bulldozer baba: Bulldozers were used to destroy illegal properties owned by the mafia and have become a symbol of good governance. In UP, sisters now tie rakhis in the shape of miniature bulldozers as a symbol of hope!
3. Growth focus:
A. Religious tourism: UP holds huge potential in spiritual tourism across Varanasi and Ayodhaya. Rs 18 Bn spent on the new Ram Mandir at Ayodhya has potential to add Rs 250 Bn in annual state revenues.
B. Power Reforms: UP has seen major power reforms. Power deficit in UP has decreased from 16% in 2014 to 10% in 2017 and down to 1% in FY23. That means from not having having power for 1/6th of time to having 24*7 power supply.
C. Infra - Major infra spending is ongoing across Roads and metro projects. UP is the only state with plans for Metro rail in 9 districts of which 2 are operational (Lucknow and Noida). Will have the largest expressway network of 4 lakh road kms.
D. Banking credit growth: UP has huge financing potential for MSMEs. It is growing rapidly in Credit outstanding. Rural finance state ranking is up from 7th in Dec'17 to 2nd in Dec'23.
Overall, the note says UP's transformation is a work-in-progress and will be a key link in India's $10 Trn GDP ambitions. While it has 25 crore population, it's GDP per capita was still lagging at half of Pakistan in 2017. UP's GDP per capita now stands at ~$1200 and can grow rapidly. Gujarat saw rapid growth in GDP after crossing $1000 per capita levels.
Ambit's stock picks benefiting from UP's growth are Home First Finance, Havells, V-Mart, Teamlease, KEI, Orient Electric, Venus Pipes, Mold-Tek Packaging, Supreme Ind, Astral and Bajaj Auto.
A #worriesome#TREND
Despite JUMP in #UPI#payments, #Online ease of transfers, & expansion of digital wallets, Credit Card #Debt has surged.
2021 -₹ 1.45lac crs
2023 -₹ 2.40 lac crs
~ 2/3rd jump in 2yrs.
#Borrow today, #use today, #spend today, save later is worrisome...
The BEST in #EQUITIES IS YET TO COME.
#Global#Headwinds turning into #Tailwinds.
#US#inflation Softened to 3.1% lowest in last 3 1/2 Yr after hitting a high of 9.1%
Domestic Growth accompanied by US Rate Cut.
8 Core Ind. in #Bharat grew 8.1% YOY in Sept 23.
#Fixing the #Foundation
The sole reason why Bharat's economy today stands out is #Infrastructure spend by Govt.
More than doubled in 4 years.
China grew from 2 to 5 TN USD between 2002 -08 backed by Infrastructure.
US created Massive Infrastructure in late 19th century. 1/2