Dec 13 2023, 09:18
Sone ki Chidiya reborn? An ode to Indian markets' Mount-70k:
The concept of Sone ki Chidiya extends beyond just material wealth; it encompasses the golden age of Indian civilisation, marked by a rich tapestry of culture, philosophy, art, and spirituality.
Today, while India has transformed and evolved, it remains a land of tremendous diversity and cultural wealth. The legacy of its golden past endures in its traditions, festivals, and the hearts of its people, making it a unique and vibrant nation with a rich history that lives on in the modern world. However, many years of foreign invasions, plunder and systemic wealth transfer to colonial powers reduced India to a mere shadow of its once mighty self.
It took many years to rebuild what was lost, but now, finally, India is regaining its status as a globally dominant power. The post-pandemic years have demonstrated India's resilience in the face of global turmoil.
India managed to contain inflation without much delta in policy rates, while "developed" economies' central banks had to swing a -500 basis point sledgehammer to tame inflation. The prudence shown by India during the pandemic, of not reducing the rates excessively, helped us remain moderate in the subsequent up-swing in rates.
The world is witnessing the rebirth of the magnificent Sone Ki Chidiya. India's time is here to stay, and Indian equities offer an excellent opportunity for Indian and global investors to participate in this phenomenal growth story.
Retail investors are flocking to the market through the Systematic Investment Plan (SIP) route, the RBI has contained inflation, and the weight of India has improved in the MSCI World Index from 9% in January 2020 to 15.68%. As it touched 70,000 levels, India has become the most talked about emerging market in the world.
The concept of Sone ki Chidiya extends beyond just material wealth; it encompasses the golden age of Indian civilisation, marked by a rich tapestry of culture, philosophy, art, and spirituality.
Today, while India has transformed and evolved, it remains a land of tremendous diversity and cultural wealth. The legacy of its golden past endures in its traditions, festivals, and the hearts of its people, making it a unique and vibrant nation with a rich history that lives on in the modern world. However, many years of foreign invasions, plunder and systemic wealth transfer to colonial powers reduced India to a mere shadow of its once mighty self.
It took many years to rebuild what was lost, but now, finally, India is regaining its status as a globally dominant power. The post-pandemic years have demonstrated India's resilience in the face of global turmoil.
India managed to contain inflation without much delta in policy rates, while "developed" economies' central banks had to swing a -500 basis point sledgehammer to tame inflation. The prudence shown by India during the pandemic, of not reducing the rates excessively, helped us remain moderate in the subsequent up-swing in rates.
source: et
Dec 13 2023, 10:31
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