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.
RAKESH JHUNJHUNWALAI’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
More Rakesh Jhunjhunwala Quotes
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What India needs for prosperity is just ease of doing business.
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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.
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I don’t think Indian e-commerce companies have an evolved business model.
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Markets may in the short-term correct. But in a bull market the correction is always sharp, swift and short-lived.
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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?
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I want to give more time to my children, my family, to my health.
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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.
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I am not giving so much of my wealth that I should feel that I am a philanthropist.
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Everything which is good in life is dicey, including pretty girls.
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But I can tell you markets are like women, always commanding, always mysterious, always volatile, always exciting and it is not a joke.
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You can’t make money on borrowed knowledge. If following Rakesh Jhunjhunwala was all it took to make money, a lot more people would be rich. It requires patience and you learn from mistakes.
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What leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
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Bull markets are Test matches and not 50-over games.
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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.
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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