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 JHUNJHUNWALAThese 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.
More Rakesh Jhunjhunwala Quotes
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The world is not going to fall as long as there is confidence in governments and in banking institutions and the financial system.
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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.
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When you become larger, the methods you use, the information you have, and people who assist you in attaining your goals should change.
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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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The biggest thing that limits India’s growth is democracy, but it is needed. We cannot overrule it.
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See, I’m a risk taker. If I feel very opinionated, I can really put the money on the table.
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I think true love – love, wine and beauty, they better with age.
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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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The government needs to send out a message to the business community that ‘we are on your side.’
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Growth comes from chaos, not order.
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It is not that Covid is going to impede the progress of humanity. It is not as much a changing event as it was being predicted, according to me.
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Everything which is good in life is dicey, including pretty girls.
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Alternatives to oil are coming up. In the long run, it is not going to be as bleak as people are predicting but surely consumption of fuel by automobile sector is going to go down.
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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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In India, one has to have faith in equity. What are the alternatives – real estate, debt? If debt can give you 6 percent, equity can give you 15 percent.
RAKESH JHUNJHUNWALA