What leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
RAKESH JHUNJHUNWALAAlternatives 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.
More Rakesh Jhunjhunwala Quotes
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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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When there’s doom and gloom, don’t forget there’s darkness before dawn.
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I think the Covid-19 crisis has been blown out of proportion and has created an unnecessary fear psychosis.
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I have two interests in life – markets and women. Both are concerned with four letter words – markets with the risk and woman with love.
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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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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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Films are getting expensive by the day. They are making more money by the day.
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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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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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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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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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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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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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Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
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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.
RAKESH JHUNJHUNWALA