Investing Insights 2021: Themes and Trends
2020 has been a year of facing, learning and adapting to the unknown. We look to the year ahead and what is to come.
New FM, Same Old Song?
When you tune in to a new FM station, you hope to hear a different song. The new FM offers little change.
Signs of Hope – but not for the Crony Capitalists?
We are not India bears. We are India bulls. So what will the true economic growth be like during 5 years of Modi’s rule?
Great Expectations and a New Reality
Market expectations for the new government offers new realities and challenges to value investors.
A Decisive Mandate
Not since 1984, has India voted so decisively in favor of a single party.
The Great Fat Indian Election
Through this cycle of expectations and disappointment, opportunities exist for those tempted by near-term events.
Has India Got its Funk Back?
The irrational exuberance of the go-go years of the BRIC fairy tale has given way to irrational dejection.
India's Infrastructure outshines China? Religion and Infrastructure
When Religion and Politics come together to deliver corruption free infrastructure.
India – FDI in Retail – A Silver Bullet?
The Indian government thinks it has a silver bullet in its new FDI retail policy - to solve the country's macro challenges.
The Advantage of a Million Mutinies
The India Story remains one of quality product sold at affordable prices to the nameless mutineers going about their daily grind.
Indian Economy and Business Through Phases
We explore the Indian economy's trajectory comprising of 3 orbits - crony capitalism, production and infrastructure.
The Inflation Tantrum: Q India Asset Allocation Insights
A macro look at global investor allocation to Indian asset markets as the world frets over Inflation.
Modi Sheds His Fiscal Conservatism: India 2021 Budget Outlook
The government has shocked the bond markets and cheered the equity markets with its new budget - will increased spending spur growth?
2019: RBI’s Year Of Adventures
The year gone by for the Reserve Bank of India has been anything but boring, uneventful, staid and apolitical.
The Indian Goods & Services Tax is Launched
We are not jumping on the tables and celebrating the slam dunk of GST. We need to see the data points evolve.
Unleash the Indian Elephant – Two Big Ideas
Our two big ideas to unleash the Indian economic elephant.
The Emergency: India lost its freedom 40 years ago – June 2015
On June 25, 1975 Prime Minister Indira Gandhi – without consulting her Cabinet colleagues in the then Congress government – sent a letter to the President of India recommending the suspension of individual rights and freedom. The infamous Emergency was born with this statement: “In exercise of the powers conferred by the Clause 1 of Article 352 of the Constitution, I, Fakhruddin Ali Ahmed, President of India, by this Proclamation declare that a grave emergency exists whereby the security of India is threatened by internal disturbance”.
India Geopolitics – Pakistan & China
We consider the geopolitical macro view that forms the background to our bottom up value investing approach.
Quantum View: A Rating for 'Growth'
Will India be downgraded to Junk? The key rating sensitivity is whether India will reach its growth potential.
Does Growth Matter? – India Multi Asset Commentary
The Growth versus Markets conundrum - markets have rallied despite growth slowing and corporate earnings flat. Does growth actually matter?
