Ashish Doshi

Co-Founder @ |
Rallying-2-Tech ¦ Distribution ¦ Agri Infra ¦ Stocks ¦ Angel Investor ¦
Hon. Director Royal Opera House-Mumbai & WIAA

[Ashish Doshi @AshishpDoshi]

@Ajay_Bagga In my opinion, this particular media house has time and again published sensational source based unverified stories. Eg, During saga of one of largest business houses v/s foreign research agency,this media house published statements of Indian regulators which were never verified

[Uday Kotak @udaykotak]

Google which is cash surplus, just announced an additional capital raise of $80 bn.
Google annual profit is $160 bn, last quarter $62 bn, and market cap $4.5 trillion. That is close to total profits and market cap of all Indian listed companies put together.
It’s a wake up call to all companies to invest into the future, whatever the present maybe.
Now that IPL is done and dusted, time for India to focus on business of business.

[Ashish Doshi @AshishpDoshi]

India: A predicted deficient monsoon.
United States:The worst spring drought on record.
Australia: A rampant mouse plague is ravaging grain fields.
Europe/Africa: Prohibitive input prices are forcing a dramatic contraction in agricultural sowing and fertilizer application.

[Ashish Doshi @AshishpDoshi]

We should brace for a global food crises due to hugely escalating input costs (fuel/fertiliser-more so globally), & adverse climatic anomalies leading to a critical, structural shortfall in sowing across major crop-producing nations, driven by compounding regional crises 1/2

[Ashish Doshi @AshishpDoshi]

@richapintoi India: A predicted deficient monsoon.
United States:The worst spring drought on record.
Australia: A rampant mouse plague is ravaging grain fields.
Europe/Africa: Prohibitive input prices are forcing a dramatic contraction in agricultural sowing and fertilizer application.

[Ashish Doshi @AshishpDoshi]

@richapintoi We should brace for a global food crises due to escalating input costs (fuel/fertiliser), geopolitical volatility & adverse climatic anomalies leading to a critical, structural shortfall in sowing across major crop-producing nations, driven by compounding regional crises 1/2

[Harsh Goenka @hvgoenka]

A student once explained how wild pigs are trapped:

First, they are given free corn in the forest.
They return every day for the easy food.
Then slowly, fences are built around them, one side at a time.
At first they resist. Then they adapt.
Finally the gate shuts and the pigs, now dependent on the free corn, have lost their freedom without even realizing it.

That is how freedom often disappears in societies too. Not suddenly through force, but gradually through dependence.

Free rations. Free electricity. Free cash transfers. Endless subsidies. Political promises of “something for nothing.”
Each may appear harmless in isolation. But over time, citizens begin depending more on the State than on their own enterprise, effort and initiative.

And when dependence grows, freedom quietly shrinks.

A nation becomes truly strong not when more people vote for benefits, but when more people create, build, innovate and contribute.

There is no free lunch.
Someone always pays the bill.
And sometimes, the hidden cost is freedom itself.

[Vijay Kedia @VijayKedia1]

Respected @nsitharaman ji and @FinMinIndia,
Suggestion 2 of 3 for strengthening India's capital markets:

Dividend income on listed equities should not be subjected to double taxation.

A business can raise capital in only two ways: debt or equity.
When a company raises debt, the interest paid to lenders is treated as a business expense and deducted before tax. The lender may then pay tax on the interest received.

However, when a company raises equity capital, dividends are paid out of profits that have already suffered corporate tax. The shareholder is then taxed again on the same stream of income.

More importantly, equity capital bears far greater risk than debt capital. A lender has a contractual right to interest and principal repayment. A shareholder has no such guarantee. Dividends are discretionary, capital is fully at risk, and the shareholder stands last in line if a business fails.

If debt providers receive tax-deductible compensation despite bearing lower risk, there is a strong case for more favourable treatment of equity providers who supply the permanent capital that fuels entrepreneurship, innovation, employment and economic growth.

India needs to encourage long-term risk capital and greater participation in equity markets. Tax policy should reward those who provide patient equity capital to Indian enterprises rather than place them at a relative disadvantage compared to debt capital.

Respectfully submitted.

[Ashish Doshi @AshishpDoshi]

@connectgurmeet Don't know about other states but Industrial Power in Maharashtra is priced at an average of ₹15.08/kWh.

[Vijay Kedia @VijayKedia1]

India's future in EVs, batteries, solar energy, green hydrogen and energy storage will not be decided only by demand, capital or policy. It will also be decided by who controls the underlying supply chains.

Today, a significant part of the global ecosystem for critical minerals, battery materials, refining, manufacturing equipment and process know how is concentrated in China.

This is not a criticism. It is a recognition of decades of planning, investment and execution that have made China the dominant player in several strategic industries.

For India, the lesson is clear. Strategic industries cannot depend indefinitely on external supply chains. We must accelerate domestic capabilities in mining, refining, advanced materials, manufacturing equipment, technology and R&D with urgency and consistency.

In the 21st century, strategic influence is exercised not only at borders but also through technology, supply chains, critical minerals and manufacturing ecosystems.
Excessive dependence in any of these areas can become a strategic vulnerability.

Energy security, economic security and national security are increasingly becoming one and the same.

The goal is not isolation. The goal is resilience.
India does not need to replace the world. But India must build sufficient domestic capability so that its growth story is never hostage to external dependencies.

The sooner we do it, the stronger India will be. 🇮🇳

[Gurmeet Chadha @connectgurmeet]

The inaction on addressing FII outflows and slowing FDIs has costed us big .. rupee at almost 97…

This is poor policy response !!! It’s not just the crude .

[Ashish Doshi @AshishpDoshi]

@ActusDei Multiple actions needed in my view. Rate hike (it wouldn't really hurt as Capex by private sector is anyway limited) but will reduce import cost which is need of the hour, tax rationalisation - will give impetus to growth and inward investment.

[Ashish Doshi @AshishpDoshi]

@Iamsamirarora I have seldom noticed this. The content team in TOI group has really taken a beating. Misleading headlines, grammatical errors, spelling errors. Sad but true!

[Ashish Doshi @AshishpDoshi]

@ashumadan4 From tourism perspective india is very expensive compared to the far East competition countries like Thailand, Indonesia, Bali and Sri Lanka in terms of like to like hotels and logistics (visa, transport both local and intercity) - even with the depreciating INR.

[Ashish Doshi @AshishpDoshi]

@ActusDei I find gift city too limiting. There are very few products being offered. I have signed up for your webinar and am sure will get required insights

[Ashish Doshi @AshishpDoshi]

@ActusDei Global

[Ashish Doshi @AshishpDoshi]

@BJ3105 @TVMohandasPai @Dev_Fadnavis @AshwiniBhide @mybmc Most politicians and bureaucrats travel on same roads full of potholes, dirt, encroachments and turn a blind eye. People are eqaully to blame who keep praising Mumbai's spirit and except this. It's not that change is not achieved. Collective effort needed Govt+people.

[Ashish Doshi @AshishpDoshi]

@connectgurmeet Both HDFC and ICICI have lost the customer first approach. Their employees are only pushing and perusing sales targets on 3rd party or own products. Customer service has gone to down significantly. Even serious escalations to senior management is ignored. This was never the case

[sandip sabharwal @sandipsabharwal]

Many Emerging Markets are up 4-6% over yesterday and today

#GiftNifty is up just 1.5% despite a substantial fall in Crude Oil since Monday

@FinMinIndia @nsitharaman needs to let go of retrograde policies that are taking Foreign Investors away. Like I have said many times it's not about the Stock Markets it's about getting Foreign Capital to accelerate Economic Growth
@PMOIndia

[Nithin Kamath @Nithin0dha]

Asked someone from the industry whether foreign investors are still interested in allocating to India. The TLDR:

Interest has pretty much died out. India is seen as geopolitically exposed, especially to an oil shock. There are no real AI plays. Valuations are rich. And the rupee situation doesn't help.

On top of that, investors who were sitting on gains have taken money off the table and are now looking at markets like Japan, Taiwan, Korea, Europe etc instead.

He also pointed out that our LTCG/STCG structure and the increase in STT have made India less attractive compared to other markets that are seeing inflows.

If we need to attract FPIs back, and we do, fixing this feels like pretty low-hanging fruit.