I don’t think Indian e-commerce companies have an evolved business model.
RAKESH JHUNJHUNWALAI’m not a clone of anybody. I’m Rakesh Jhunjhunwala.
More Rakesh Jhunjhunwala Quotes
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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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When the food at home is so tasty, why go out and eat?
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Markets tend to shake you up before a bull run.
RAKESH JHUNJHUNWALA -
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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I am not afraid of making mistakes. But my mistakes were those that I could afford. That’s very important: mistakes will happen but you must ensure that you keep them within limits you can afford.
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What happens is the market really booms when people really leverage and they really leverage when they make a lot of money.
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Growth comes from chaos, not order.
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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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I don’t want to lecture anybody, I would only say this to my fellow people would be to give, however small. Give what your pocket permits. I don’t think a person who is giving Rs 10, is giving less than me.
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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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You know, a balance-sheet is like a bikini, it shows more but it hides what is vital. I learnt to read a balance sheet and then I got fascinated by stocks.
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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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The biggest quest to learn anything is curiosity. If you are curious about something, you will go and dig.
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What India needs for prosperity is just ease of doing business.
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I’m not afraid of losing money, I’m afraid of sour relationships.
RAKESH JHUNJHUNWALA