A positive interview of HDFC Bank MD Mr Aditya Puri about why India will survive and make it big
Mr.Aditya Puri is super bullish on Indian economy.
Key takeaways from interview :
1. India’s rural economy is not affected by corona and going on strong
2. India, being a young peoples’ nation won’t have must health effect of corona compared to Europe.
3. Merchants and small shops are not over leveraged (not too many loans ) so will emerge strong once shops reopen.
4. Fall in oil prices would lower the inflation and other costs.
5. Our country’s internal consumption is strong.
6.Even if we have to keep India locked down for 14 days or 28 days (two cycles) in larger scheme of things it won’t matter
7.Even if stock market collapses and has to enforce few circuits closures its mainly because of automated algorithms which are forcing stock selling and nothing to worry.
8.work from home is reducing costs for all companies and May see increase in profits eventually.
A few most probable sunny predictions in these gloomy days.
1. By June, India will be the first country to be freed from the clutches of this pandemic.
2. Our Lockdown, hot weather and our higher immunity levels will see us through.
3. We will be the largest exporter of medicines and the world will look to us for regular supplies of BCG vaccines, anti-malarial drugs Hydroxy Chloroquine etc.
4. Manufacturing facilities will be set up in India, in preference to China, by corporations from all over the world.100 USA n 200 Japanese already leaving fm China India will become the hub for manufacture of every item from mobile phones to pharmaceuticals. The biggest and the best brands will realise that the Indian people are honest, hard-working, talented and reliable and were underrated so far.
5.Unemployment levels will go down.
6 .Our Vegetarian cuisine will be appreciated more and more.
7. People will queue up before Indian consulates all over the world and visas for visiting India will be issued after a 3 week gap after testing them. People will come here for tourism, wellness and the sunshine.
8. Our medical facilities will be appreciated for their easy availability, quickness and price efficiency.
9. Ayurveda and Naturopathy will also become very popular. Yoga and Pranayam teachers will be in great demand. Afterall, the best way for potential breathing related issues is exercising the lungs.
10. The best Indian brains who have migrated abroad will also be happy to return to their healthy and prosperous home country. Their salaries also will be affordable due increased production-Make in India will be reality.
11. 2020 will be a turning point in the history of the world. From here it will be India all the way.
May sound too optimistic scenario but we will see Soneki Chidia-India soon in next 3 years or so.
