And for a Friday as Iran missile attacks escalate the Middle East tensions, some thoughts….. some musings…..
I am no expert of International Diplomacy and equally less of Politics and Politicians. My expertise over the last 4 decades is in the corporate sector, managing capital on trusteeship basis to achieve the desired economic results on a sustainable basis for all stake holders. Every corporate leader has to have good capacity to draw inferences which can influence the business and company, to ensure the company is steered to achieve its goals. External environment is given, company must make profits and be relevant to stake holders in all situations. That’s what sustainable companies are all about and irrespective of the current aberrations, I am optimistic of the continued growth and consolidation of India’s Economy.
The share markets have dropped almost 5% over last three days. Further it falls, greater the opportunity for those who are not in the stock markets, to enter and be part of their own wealth creation. At $s five trillion of market cap, India is amongst the exclusive clubs of 5 highest markets which includes US, China, Japan, Hongkong and now India. The admirable part is the huge success of the campaigns by the Indian Mutual Fund Industry “Mutual Fund Sahi Hai”. The Millennials and younger generation are no longer interested in savings in Bank FDs or Gold or even Property as asset class. They have rightly moved into shares and Mutual Fund thru the SIP route. On an average ticket size of 2300 Rs, there are more than 100 million SIP accounts. This formalisation of the savings habit into the Economy will harbour well and spur entrepreneurship, innovation and growth of the Indian Economy. Outlook is positive and the next decade clearly belongs to India, given the downturn in Europe and the self-goals by China.
Let’s look at every risk as an opportunity to excel and make amends. Let’s participate in wealth creation, the participative way, the knowledgeable way, the SEEGOS way.