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 JHUNJHUNWALAThe biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
More Rakesh Jhunjhunwala Quotes
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The biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
RAKESH JHUNJHUNWALA -
The journey to limit crony capitalism: It’s a journey, it’s not a destination. Slowly but surely, in India, crony capitalism has died and governance is what brings about real growth.
RAKESH JHUNJHUNWALA -
I want to give more time to my children, my family, to my health.
RAKESH JHUNJHUNWALA -
I want to work in water resources, as I think creating a string of check dams and utilizing water better is far more cost-effective than large stand-alone dams.
RAKESH JHUNJHUNWALA -
Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
RAKESH JHUNJHUNWALA -
The markets are like a weather; you may not like it but you have to bear it.
RAKESH JHUNJHUNWALA -
When people talk to you in such glowing terms, that is the time to be very, very alert because the worst of the mistakes are made in the best of the times.
RAKESH JHUNJHUNWALA -
I don’t think Indian e-commerce companies have an evolved business model.
RAKESH JHUNJHUNWALA -
Success should not make you think you are God’s gift to mankind. You should never forget that you are what you are because God chose you to be there.
RAKESH JHUNJHUNWALA -
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.
RAKESH JHUNJHUNWALA -
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.
RAKESH JHUNJHUNWALA -
I’m not afraid of losing money, I’m afraid of sour relationships.
RAKESH JHUNJHUNWALA -
I made many mistakes but my triumphs have received far greater publicity than my failures.
RAKESH JHUNJHUNWALA -
My true gods are my parents. I am what I am because of them.
RAKESH JHUNJHUNWALA -
I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
RAKESH JHUNJHUNWALA