What India needs for prosperity is just ease of doing business.
RAKESH JHUNJHUNWALAI 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.
More Rakesh Jhunjhunwala Quotes
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Impossible is the word for fools in my dictionary.
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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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Insurance, pension reforms are going to be extremely important for the stock market because the kind of money we’ll get from that is unbelievable.
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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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My father was always not concerned about the wealth I have, but every year he would ask me, how much have you given in charity? And how much taxes have you paid?
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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.
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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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Markets tend to shake you up before a bull run.
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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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When the food at home is so tasty, why go out and eat?
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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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Ultimately savings have to go somewhere and I think they will find their home in financial markets and within financial markets, a large part in equity.
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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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Markets go up not because there is abundance of buyers, but because there is a lack of sellers.
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What leads to a growth – skills, demographics, natural resources, democracy, entrepreneurship – India has in abundant measure.
RAKESH JHUNJHUNWALA