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Well done, Genzs! 👏
This is proof that democracy still works.
Keep fighting against corruption. Demand accountability. Never stop standing up for what is right.
Jai Hind 🇮🇳
Brent Crude oil already came down from 115 to around 97 now. That's almost 15% decrease in price.
Meanwhile in last 10 days 4 times petrol diesel price has been increased more than 10%.
If crude oil price goes down, petrol should become cheaper too. But in India, petrol ⬆️
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.
Warren Buffett: “The stock doesn’t care what you paid. The stock doesn’t even care that you own it. You are nothing to the stock. It is everything to you.”
“You have an advantage Carnegie and Rockefeller never had. You can rearrange your entire business empire at a moment’s notice with practically no cost.”
“Most people turn that advantage into a disadvantage.”
@raghav_chadha He’s absolutely right. Wealth doesn’t disappear—it circulates back and fuels the local economy. The problem is our instinctive socialism: the urge to suffocate progress under the iron grip of the state.!!