You cannot artificially curb gold imports beyond a point. But I am hopeful it will happen because the rupee depreciation should by itself lead to a large growth in exports and some compression of imports.
RAKESH JHUNJHUNWALAI made many mistakes but my triumphs have received far greater publicity than my failures.
More Rakesh Jhunjhunwala Quotes
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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.
RAKESH JHUNJHUNWALA -
Markets tend to shake you up before a bull run.
RAKESH JHUNJHUNWALA -
I am very opinionated and sometimes a very irritating character but, I have learnt that the quest to learn is a journey, not a destination.
RAKESH JHUNJHUNWALA -
Apart from being motivation for themselves, I think big givers should also talk about their philanthropy so that their work and their success stories prove inspirational enough for many others to follow.
RAKESH JHUNJHUNWALA -
I am always capital short. If I see the opportunity, I will get the money.
RAKESH JHUNJHUNWALA -
The first stock I bought was Tata Tea, the first stock where I made big money was also Tata Tea.
RAKESH JHUNJHUNWALA -
What India needs for prosperity is just ease of doing business.
RAKESH JHUNJHUNWALA -
I reflected a lot, I thought a lot on my 50th birthday. It has been one of the most important birthdays in my life, not in terms of celebration but in terms of retrospect.
RAKESH JHUNJHUNWALA -
I’m not afraid of losing money, I’m afraid of sour relationships.
RAKESH JHUNJHUNWALA -
My personal opinion is that when the economy does well, anybody who has a deposit franchise will survive and grow because how can you lend if you do not have a deposit franchise?
RAKESH JHUNJHUNWALA -
The typical conditions for the birth of a bull market are here: you have a changed country, you have a deep fall in growth and everybody is perplexed by the rise of stocks.
RAKESH JHUNJHUNWALA -
But I can tell you markets are like women, always commanding, always mysterious, always volatile, always exciting and it is not a joke.
RAKESH JHUNJHUNWALA -
I am not giving so much of my wealth that I should feel that I am a philanthropist.
RAKESH JHUNJHUNWALA -
I do not think, like people say, that I am a guru or I know everything.
RAKESH JHUNJHUNWALA -
What happens is the market really booms when people really leverage and they really leverage when they make a lot of money.
RAKESH JHUNJHUNWALA