Diva Jain
@DivaJain2
Developer by day. Writer, probabilist, policy wonk, economics junkie with a focus on markets and finance by love. All views personal.
Unpopular Opinion: This deal will help Indian promoters with UK businesses more than anyone else.
Peak 180 IQ Babucracy. Instead of helping firms indigenize, these clowns want them to certify that they hold "adequate" stock of rare earth magnets.
Honourable Minister should be told that a "trade deal" has zero correlation with "gender equitable" growth. He is representing India, not the local office of McKinsey or some such consulting firm.
Only thing worse than a non performing minister is a high performing minister who performs on the wrong parameters.
On China, GoI takes two steps forward and then one and half back.
This is a national security issue. More than sops, GoI needs to mandate it.
Looks like 15% is baseline. If India can get 15% it will have a significant advantage over peers.
Japan gets away with 15% tariffs in return for vague and unenforceable promises of investment and market access. Good model of how to give Trump a publicity win while extracting real concessions.
Calcutta Stock Exchange on Lyons Range was where the "Badla System" was invented and perfected. As someone who has seen Badla deals being negotiated in person, nothing destroys confidence in stock markets more than seeing Badla rates being set by a cabal of brokers.
GoI works like a typical Indian student who only studies a night before the exam when he is on the verge of failing.
All projects/yojanas get completed in double quick time and targets like ethanol blending get achieved 5 years in advance in India if there is money to be made by politicians in the process.
"Investment Philosopher" does not know that Badla system was the easiest way to manipulate/rig prices. Also does not understand that liquidity is measured by bid-ask spreads not trading value/Mcap. These clowns want to bring back every bad idea that kept us poor for 75 years.
Trump had a golden shot at restraining China. He blew it.
Only True Blue Fintech in India. Even the Bombay Club can't keep it down for long.
It was never supposed to take off. It was about Masa playing the TRUMPet.
