Rakesh Jhunjhunwala On Why India Is A Great Place To Invest


wealthymatters.com

Following are a list of reasons why Rakesh Jhunjhunwala believes India is a great place to invest:-

India owes its progress to the following factors:

  • Efficient capital allocation
  • Sustained earnings expansion driven by growth and productivity
  • 8 per cent+ real GDP growth + 4 per cent + Inflation = 12 per cent + Nominal GDP growth
  • Corporates to grow faster than unorganised sector
  • Operating and financial leverage to kick in
  • Corporate earnings to grow at more than 18 per cent
  • Favourable framework for equity investing
  • Rising savings, yet low equity ownership — significant potential
  • Corporate governance
  • Transparency
  • Effective regulation Read more of this post

Indian Philanthropy


wealthymatters.comHere are some major features of Indian Philanthropy as enumerated by eminent Indian businesspeople.They are perspectives that were articulated in response to the Gates-Buffett ‘the Giving Pledge’

1.”India has a very old culture of giving, since the time of Buddha. The concept of philanthropy is not new to us.”—-Rahul Bajaj, chairman, Bajaj Group.

2.”Philanthropy in the first world and in the third world are two different things. In the first world people donate to build a baseball stadium. In India, we have to decide for ourselves what we want out of philanthropy. It is not for the Americans to tell us.”

“shareholders have done more charity than Gates and Buffett put together. How? By allowing Cipla to export drugs for $100 million to Africa, which could have fetched $4 billion if they were exported to the US”—-Yusuf Hamied, chairman & managing director, Cipla Read more of this post

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