@connectgurmeet Might be making you happy with hope that Indian markets will recover but FII still sold 30000 Cr in the last week. Next week will be even brutal.
Investors worry about FIIs leaving India and want tax cuts to stop the selling. IMO, fixing fraud and corruption would restore trust far better than lower taxes. But corrupt will not act against themselves.
@MarketScientist You mean 300 billion dollers export from current 30 billion dollers? Do you have any numbers for investments by Pharma? What is past 5 year CAGR? Any datapoints if you have to see this is happening in next 5-10 years?
Big News for Indian Pharma !!!
Yesterday USFDA approved Wockhardt’s new antibiotic, its a historic moment for Indian science. For a country that spends little on education and R&D, this achievement is especially significant.
#Wockhardt#USFDA
Top bankers openly complained about this "credit-deposit asymmetry" and the systematic draining of bank deposits. They wanted to keep funding their banks with cheap deposits. This banking lobby is equally responsible for FII to exit India.
Everyone has forgotten banker lobby who are equally responsible for LTCG/STCG. Uday Kotak and other bankers were crying when retail money started rapidly shifting from traditional, low-yield bank deposits into the booming stock market.
I remain confounded & stupefied at the vocal cries of my fellow financial veterans, who are all writing open missives to the FM, asking for abolition of LTCG.
Why did we not hear them say the same thing when these taxes were actually imposed and then increased?
Then everybody was busy giving 15/ 10 too those union budgets.
( And if my memory serves me right, I did shed actual sad tears on television interviews when these taxes were imposed. You may find them online on YouTube).
Micron Technology officially joins the $1 trillion club today. A remarkable journey for $MU, driven by strong execution and visionary leadership from CEO Sanjay Mehrotra.
Over the last 12 years, the Indian Rupee has depreciated ~5% annually against the US Dollar.
If this trend continues till 2047:
• At 4% yearly depreciation → ₹205/$
• At 5% → ₹255/$
• At 6% → ₹319/$
That’s the silent power of compounding but in reverse.
Despite political instability, the Kargil war, and 2008 financial crisis, India tripled its manufacturing exports by 2011. Over the last decade, despite a majority government and lower crude prices, exports have largely stagnated. India needs new leadership and structural reset