What India needs is ease of doing business and inherent faith in the ability of Indians to catch an opportunity.
RAKESH JHUNJHUNWALAWhat leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
More Rakesh Jhunjhunwala Quotes
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I started my life with Rs 5,000.
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Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
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I don’t think Indian e-commerce companies have an evolved business model.
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I am interested in government spend quality, as it accounts for the biggest chunk of the social spending pie. Hundreds of foundations put together cannot equal what the government can spend.
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These dire predictions of COVID are behind us. Covid is getting milder and people are learning to treat it better. The percentage of deaths is coming down. We are learning to live with it.
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I don’t understand the business models of Flipkart and Uber. See no logic in people saying business models like that of Flipkart will flourish but that of D-Mart will not.
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I made many mistakes but my triumphs have received far greater publicity than my failures.
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My father was also interested in stocks. When I was a young child, he and his friends would drink in the evening and discuss about the stock market.
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There has to be a period of consolidation in the IT industry. Similarly in pharma, I think India is going to be a world power. We have the lowest cost, good technology, Indian companies are gaining size.
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I want to give more time to my children, my family, to my health.
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Ultimately savings have to go somewhere and I think they will find their home in financial markets and within financial markets, a large part in equity.
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Insurance, pension reforms are going to be extremely important for the stock market because the kind of money we’ll get from that is unbelievable.
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Draw a balance between the present and the future and one advice I give to every young Indian – the most difficult thing in India, urban India, is housing. So first thing that you do is try and buy house as that gives a great sense of security.
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In my 25-30 years of experience in the markets, just as you cannot have a good relationship with a woman by bullying her, you cannot have a good relationship with the market by trying to bully it or say that you are the king. Market is king.
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I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
RAKESH JHUNJHUNWALA