"Dead Economy": an economy for top 1%
Some points you should know:
1) Our economy is growing at around 6.5%. This is extremely slow growth rate for India.
Reason: we are starting at 4Tr base. Almost 8 times smaller than the US's.
If we go into per capita: India's per capita is 31 times less. When China was our size, it grew in double digits for over a decade.
2) When it comes to disposable income: India ranks around 140th (disposable income per capita is around 3000$)
India: huge market, with very little discretionary/disposable income.
In simple words: we have a huge population. But, very few can afford high quality things.
3) This is one of the reasons why India puts significant luxury taxes even things like ACs.
When people witness such stupidity, anyone who can leave, leaves.
4) India ranks #1 in net millionaire migration (NMM)
* NMM (number of millionaire leaving divided by number of millionaires there are in India) for 2024 is the highest in the world for India
5) In remittances India ranks #1 in the world. Indians are smart/hardworking, they go abroad, work, make money and send it back "home".
I don't know if this is a healthy sign or something to be proud of.
6) To accelerate our economy we need to spend money on: Innovation, Healthcare, Education
India's spent on education and healthcare (lags the global averages) this again is a fact.
Last but not the least: we have a massive incentive problem --
Civil servants who are supposed to make public schools better, send their own kids to private schools.
Politicians who are supposed to formulate better & (long-term) economics policies change their kid's citizenships.
Civilians/Media who are supposed to ask the right questions: keep doing fake whatsapp forwards. And, keep harping on 40Tr$ economic narrative.
Taking a long hard look where we can improve. And putting a "plan" in place is better than getting triggered by what a white dude said.
Indian real estate is simple:
1) India has crazy high taxes.
2) Rich businessmen deal with black money. As it saves 25% tax.
3) What do you do with that black money? The only option is to buy Real Estate or physical Gold.
4) As a result: a large chunk of black money flows into RE
5) This problem is bigger in metros. Why? because most of these rich businessmen are based in Metros. And, they like proximity to their real estate.
6) Anyone telling you to buy a property in metros to get your 2-3% yield is a sales agent disguised as YouTuber.
How to save yourself? let's say you are buying a flat at 1Cr.
Speak with 20 people who live around your area (where you are considering buying a property). Ask them how much rent they pay?
If the answer is 3L/year on that 1Cr house (that's 3% yield). Your yield at the time of buying should at least be 4%.
If it is less than 4%, avoid.
People lie, math does not.
Jayant Bhandari
Your post isn’t a critique—it’s a public meltdown of a self-hating brown man desperately begging for white approval.
You saw traffic and decided it’s a mirror of the “Indian mind”? That’s not intellect.
That’s a mental illness called internalized racism, and you’re its loudest unpaid brand ambassador.
Let’s get it straight:
– Indian traffic is not caused by DNA.
– It’s caused by corrupt contractors, mafia-owned transport unions, and bureaucrats you wouldn’t dare name.
– But instead of punching up, you attack the very people suffocating in the mess created by elites like you who ran away and now bark from abroad.
You pretend to be some global intellectual, but your worldview is as lazy and colonial as a 1920s British memsahib blaming Indians for monsoons.
If traffic makes you think of “low IQ,” maybe you’ve mistaken urban chaos for a mirror—because the only dumb thing in this post is the way you think.
You’re not edgy.
You’re not bold.
You’re a Twitter caste clown, lashing out at India for not giving you the god-status you think you deserve. Go touch grass.
Or better, go fix a pothole if you care so much.
Your mind isn't above India’s chaos.
It’s part of it—rotten, bitter, and loud.
Here is the Equity Portfolio I built publicly around 5 months back. I made close to 1.25 Crores in profits with a capital of around 8Cr. And, pay 0% capital gains: (short-term or long-term)
Years of hard work has gone into getting to this point.
Before, you get excited to make crores, let me share some honest lessons with you that I have learnt along the way:
[1] Without big capital, you are very unlikely to make big money.
[2] Leaving your job to do stock markets full time is a recipe for disaster. Focus on your job to build an income. Invest that income to build wealth.
[3] Unless you learn about stock markets fundamentally, you won't have the real courage to put 60-70% of your net worth in the markets.
[4] The real change in your wealth happens ONLY when you have the courage to put a big chunk of your NET WORTH into a high growth asset (like stocks)
- Putting 5Lakhs, when your net worth is 1Cr won't make any difference
- But, putting 70Lakhs, when your net worth is 1Cr will create a massive change
[5] To do #4, you need courage. Courage comes from knowledge.
[6] Almost all these stocks were bought in bulk (no SIPs nothing). If 90% of investors follow strategy X, it is a commonplace strategy now. You need to learn something else. And trump that.
[7] One fundamental however does not change: If you do not invest more in bad times, you will never make above market returns. If you chase the markets in good times, you will almost always make below market returns.
[8] Therefore most of my investing was done in April of this year, when markets had dipped due to Trade war. I waited patiently for 4 months on cash.
[9] Interestingly, I pay 0% capital gains on this fund. Why? because I have structured portfolio through tax residencies.
[10] Entire fund is US based equities. All high quality stocks: like Google, Meta Netflix, etc.
[11] The more access to investment options you have: eg. US equities, Indian stocks, UAE stocks etc, easier your life gets as an investor.
[12] As an investor your job is to make money by following opportunities.
* The reason why I am stated 1.25Cr as profits is because I have also booked some profits along the way. So adding that.
*** All money that I will make through this fund, will be used to support Indian startups. I will be making investments in the range of 10-50L cheques. And, would write 6-8 cheques a year.
**** I know nothing about Angel Investing (though I have made a few investments in the past). But hey life is all about learning new things! So let's try.
God has been kind :)
Asmita Patel - ₹103 crore course income
Avadhut Sathe - ₹140 crore course income
Sunil Meglani - ₹12 crore trading loss, ₹13 crore yearly course income
Vishal Malkan - ₹160 crore course income in a year
(Making it easy for SEBI to target them 😉)