@Maneka, the Dragon Lady has hogged most of the airtime of this interview ... The other 2 anchors are like sitting ducks :) @Niraj-Do you miss ET Now 'now?' :) ;)
I saw this today. But even now it is good. How many tv programs can stand the test of time after a year anyway? It will be good to see more such long-term programs, and ones where the speaker is willing to stick his neck out. Thanks a lot. Gurbachan Singh
No body knows future but India will grow and fittest companies will see 2030. Not all companies will reward investors but will provide stability to portfolio with saving bank kind of dividend return. PSUs will show their true value once the equity dilution process is over.
Bloomberg should bring this man back for his views after the market crash in the first week of October 2018. It will be of help to genuine investors like me.
Starbucks went up from less than five dollars to sixty dollars between March 2009 and today. Similarly Domino's pizza went up from eight dollars to two hundred dollars in similar span of time. This means that Consumer Defensive stocks have great potential in India. As India becomes more affluent, we will demand more coffee, tea, pizza and ice cream.
So he is basically saying let's get all young people to over-leverage themselves so that they are enslaved to paying large premiums over long time frames, great way to learn from the great american debt crisis and promote exactly the same behavior... how do people encourage such irresponsible increasing personal debt for discretionary spending
No one is forcing anyone. This is a natural phenomenon. Money gets transferred from the consumers (salaried class) to producers (businessmen) over time. You can't stop this natural phenomenon unless you make India a socialist state.
Anshuman Arun if you keep bombarding people with advertising and propoganda telling them how easy it is to take debt (look at the US housing bubble), people get influenced. Obvious bad loans need to be avoided. Giving bad loans will require another bailout... Guess who and what pays for that, Everyone and Taxes!!! Leverage is a weapon of mass destruction. We are a poor country we can't afford making the same mistakes, we need to learn from other countries' mistakes.
We certainly need to learn from other countries but we need to learn from our past mistakes first. We need to privatize all public sector banks as they accumulated large NPAs and this strangulated the economy for credit. If I need credit to expand my business, I can't get it. Credit growth is the key to the success of any economy. Look at China today and look at Japan, South Korea, Taiwan, of yesterday. Their credit growth was more than thrice that of India during their fastest growth periods. If we stop people from taking credit, we are essentially stopping the country from growing and we will forever remain a poor economy.
By the way, US economy is doing really well! They have recovered handsomely from the collapse of the housing bubble. They have been taking two steps forward and one step backward for the past two centuries. The housing bubble was one step backward. If we stop this one step backward, we will also not be able to take two steps forward.
I strongly condem Morgan Stanley's Ridham Desai choice of words "India is a very poor country". Well there is enough wealth it's just that the wealth gap is not bridged and the goverment policies are not strong enough to protect small enterpreneurs. Otherwise India's 65% youth population is a wealth in itself where mostly other developed nations (including China) has a ageing population. The vast amount of natural treasures are still looted by companies that has strong foreign shareholders who will do anything for a buck. Shameless creatures. Indian companies CEO's are not strong enough to stand up to foreign pressures which is a shame.
Maybe you are very good at "predicting" the markets and of course let alone my validation, market doesn't go by any person's opinion. Market doesn't care about who you are or what you are saying. No one has ever been able to "predict" the markets and yet there are many billionaires in this world which simply means that you do not need to "predict" the markets to make money in the markets.
![BOWKYLION - วิงวอน (ex-change) [Official MV]](http://i.ytimg.com/vi/cLdnZWDaO-w/mqdefault.jpg)
This is the best discussion on the Indian market I can ever recall
I love how calm he is with his responses and is to the point! My new fav person is Ridham 😍
@Maneka, the Dragon Lady has hogged most of the airtime of this interview ... The other 2 anchors are like sitting ducks :)
@Niraj-Do you miss ET Now 'now?' :) ;)
lady dragon lol
I saw this today. But even now it is good. How many tv programs can stand the test of time after a year anyway? It will be good to see more such long-term programs, and ones where the speaker is willing to stick his neck out. Thanks a lot.
Gurbachan Singh
Watching this in July 2021...looking possible ...sensex today at 52000...nifty at 15800
Partially he is right and let’s wait for 5 years more.
answered brilliantly and honesty
No body knows future but India will grow and fittest companies will see 2030. Not all companies will reward investors but will provide stability to portfolio with saving bank kind of dividend return. PSUs will show their true value once the equity dilution process is over.
Hi Team Bloomberg Quint, tried finding the report on the website. Request you to kindly share the link please.
Bloomberg should bring this man back for his views after the market crash in the first week of October 2018. It will be of help to genuine investors like me.
Starbucks went up from less than five dollars to sixty dollars between March 2009 and today. Similarly Domino's pizza went up from eight dollars to two hundred dollars in similar span of time. This means that Consumer Defensive stocks have great potential in India. As India becomes more affluent, we will demand more coffee, tea, pizza and ice cream.
What does JAM means, I am a financial noob please explain
Can someone plz give me link to the report being discussed here
So he is basically saying let's get all young people to over-leverage themselves so that they are enslaved to paying large premiums over long time frames, great way to learn from the great american debt crisis and promote exactly the same behavior... how do people encourage such irresponsible increasing personal debt for discretionary spending
No one is forcing anyone. This is a natural phenomenon. Money gets transferred from the consumers (salaried class) to producers (businessmen) over time. You can't stop this natural phenomenon unless you make India a socialist state.
Anshuman Arun if you keep bombarding people with advertising and propoganda telling them how easy it is to take debt (look at the US housing bubble), people get influenced. Obvious bad loans need to be avoided. Giving bad loans will require another bailout... Guess who and what pays for that, Everyone and Taxes!!! Leverage is a weapon of mass destruction. We are a poor country we can't afford making the same mistakes, we need to learn from other countries' mistakes.
We certainly need to learn from other countries but we need to learn from our past mistakes first. We need to privatize all public sector banks as they accumulated large NPAs and this strangulated the economy for credit. If I need credit to expand my business, I can't get it. Credit growth is the key to the success of any economy. Look at China today and look at Japan, South Korea, Taiwan, of yesterday. Their credit growth was more than thrice that of India during their fastest growth periods. If we stop people from taking credit, we are essentially stopping the country from growing and we will forever remain a poor economy.
By the way, US economy is doing really well! They have recovered handsomely from the collapse of the housing bubble. They have been taking two steps forward and one step backward for the past two centuries. The housing bubble was one step backward. If we stop this one step backward, we will also not be able to take two steps forward.
th-cam.com/video/mARISaMphHw/w-d-xo.html
Their jobs is to... create excitement... and create hype... Morgan Stanley has gone wrong many times earlier...
washfi, with your attitude you won't make any money in the market.
He has not seen the Sensex/Gold ratio since Jan 2008. Gold wins
Certainly not! Gold is an unproductive asset class. It won't be useful on the moon except for hitting each other with it.
Anshuman Arun I was talking about past performance of sensex to Gold. From 2008 to date
Gold price was 30,000 per ten grams in 2013. Four years later, it is still languishing at 30,000. Sensex doubled during this period.
Next 5 years me 100000 bola tha . Kahan hai 100000 . Kuch bhi bolte hain
I strongly condem Morgan Stanley's Ridham Desai choice of words "India is a very poor country". Well there is enough wealth it's just that the wealth gap is not bridged and the goverment policies are not strong enough to protect small enterpreneurs. Otherwise India's 65% youth population is a wealth in itself where mostly other developed nations (including China) has a ageing population. The vast amount of natural treasures are still looted by companies that has strong foreign shareholders who will do anything for a buck. Shameless creatures. Indian companies CEO's are not strong enough to stand up to foreign pressures which is a shame.
Earlier also such prediction were wrong... Media wisdom not required....
As I said earlier, you will never make any money in the stock market.
Anshuman Arun let's the market decide weather I make money or not... You are nobody.. to tell me....
Anshuman Arun ..let the market decide.... Ur validation is. not required...
Your central thesis is wrong: Ridham is not "predicting" anything; so where is the question of the"prediction" being wrong?
Maybe you are very good at "predicting" the markets and of course let alone my validation, market doesn't go by any person's opinion. Market doesn't care about who you are or what you are saying. No one has ever been able to "predict" the markets and yet there are many billionaires in this world which simply means that you do not need to "predict" the markets to make money in the markets.
Looks like Morgan Stanley got a cut from 11k cr of gas robbery
overhyped..to fool retail bakra
Totally
What happened now? Will you eat your own words?
Exact opposite happened . Lol . Global markets outperformed as usual .
It should be 60000 in 2039 ..morgan Stanley report is overhyped
Sensex should cross 200,000 by 2029 so this Morgan Stanley report is a bit conservative.