Ruchir Sharma Interview: An Investor, Author, Fund Manager and Political Commentator | Express Adda
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- เผยแพร่เมื่อ 23 พ.ค. 2024
- Ruchir Sharma Latest Interview: In this episode of Express Adda, We're delighted to welcome Ruchir Sharma, Chairman of Rockefeller International, and renowned founder/CIO of Breakout Capital. With a Morgan Stanley background of over 25 years, he served as Head of Emerging Markets and Chief Global Strategist.
Ruchir Sharma is an unparalleled market pundit, analyst, and author. Amidst uncertainty and polarized conflicts, his knack for connecting political and economic dots shines. Based in New York and Miami, he combines extensive on-ground research with keen insights into current affairs. Notable works include "The 10 Rules of Successful Nations" (2020), "Democracy on the Road" (2019), "The Rise and Fall of Nations" (2016), and "Breakout Nations" (2012).
He earned titles like "top global thinker" by Foreign Policy (2012) and a spot on Bloomberg Markets' Most Influential list (2015).
In Express Adda Ruchir Sharma talks about Indian Economy also compares chinese economy and US economy. Ruchir Sharma also shares his views on US Elections 2024 and impact of us election on India.
00:00 - Intro
01:20 - Can India and China Co-exist In Harmony?
04:00 - Indian Government's Response To Changes In China
09:10 - On Post Dollar World
13:00 - Reglobalization In India
17:00 - Economic Freedom In India
21:00 - Does Foreign Capital want Narendra Modi to be PM again?
27:38 - Do Elections Matter For Investment Markets?
33:38 - Impact on foreign markets after Hindenburg Report
39:10 - Is India Economically Stable Today?
44:40 - What Can India do to improve Productivity?
46:50 - On US Elections 2024
51:00 - On Tech Colonialism
01:00:35 - Bangladesh, Vietnam comparison to India
01:02:20 - Freebies impact on economy of India
01:07:00 - India's stand on climate change and Fuel and energy
01:14:00 - Can Manufacturing accelerate the growth rate?
01:19:10 - Can India produce Global MNCs?
01:27:55 - On MSME
01:31:40 - What advice will Ruchir Give to his younger self?
01:34:30 - On Chinese Economy Growth
01:37:10 - Rapid Fire
#RuchirSharma #wallstreet #MarketExpert #GlobalStrategist #Author #EconomicAnalyst #Pundit #RockefellerChairman #BreakoutCapitalCIO #TopGlobalThinker #InfluentialVoice
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Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
I subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your adviser
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $485k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
Wow, that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
"The further you get away from Delhi the more optimistic you feel" - Highlight quote of the day
Thanks to Kejriwal
In cities , Everybody is Rich as you feel ,You would like to be Richer ,
1:34:10 Salute this man who is asking this question. took almost 90 minutes to make a sensible point. we Indians talk too loose of China , ask anyone who has been to China and u will know where they are and where we are !
It’s always worth listening to Ruchir. He gets the big picture and always gives new data points..
Maybe one of the best interviews of Ruchir Sharma. Next time, someone please ask him if he is into reading. If yes , ask him to share his favourite books.
For such lengthy interviews, please share the interview transcripts. I can finish reading the interview in 15 mins instead of watching it for 2 hours!!!
Even Ruchir Sharma's views are one-sided or biased. Followed him 2+ yrs he doesn't have much to offer. I will pick up a book or some report to read instead of listening to someone's biased opinions. Experts like him celebrate the success of digital payments...fact 74% Indians never recovered money lost in banking related frauds. Reserve Bank of India has also said in an annual report that in the financial year 2020-21, the amount of money lost in fraud was Rs 1.38 lakh crore. About Rs 60,414 crore was lost in frauds where the amount involved was more than Rs 1 lakh, it said.
I will stick to books and reports instead of following Godi media.
Even followed his articles in FT - most of them make no sense. In one, he was complaining about Bangalore traffic.. a week back during peak hours, It took 62 mins to reach Bangalore Airport ..45 kms covered in 62 mins. Same about Bangalore Mysore highway.. I don't say he is wrong. His views or opinions can be biased or one-sided.
Thanks to Indian Express for the interview. Try to get his views during 2024 elections. Earlier, Ruchir Sharma used to cover elections with Dr Prannoy Roy.
I wish someone would have asked him about his views on BJP or India without Modi. 2024 would be Modi's last term. Be it BJP or any other party no comes close to him. Since Ruchir Sharma thinks long-term and most of his long-term predictions are on target. Next time, please get his views if BJP would be able to survive without Modi. Thanks.
Good interview. Our problem is the mindset of our governments. Outsource government functions and India will bloom
Apropos the China question, It is extremely valid & we (and the world) need to take China very very seriously both economically & politically.
Their political / colonial ambitions are at the very zenith & they have been working very hard the last 2 decades towards this. It will be essential for us to manoeuvre & negotiate our future now more than ever.
He is equal to sunder pichai in investment banker. I am big fan
Good interview by Ruchir. Don't understand why moderator was so politically motivated
I agree with Ruchir. India is not the only beneficiary of China + 1. We need to unleash private capex, attract more FDI, increase consumption, reduce tax and bring in educational reforms to make indian youth employable.
It is bro!! We have scale but we can improve it
Hehe... I liked Ruchirs comment on " all political questions" in the last round. This ofcourse is the very raison de etre of IE, one of the very few who represent journalism & not the govt. Of the day ...fab job IE 👍keep it coming !!
I am capitalist but I agree India will have to find middle line of capitalist and socialist.
Our problem and strength is our population but govt has to work very hard on enhancing the quality of youth.
Do I see Anu Mallik in the audience?
Always used to look forward to Ruchir’s analysis of economy with Prannoy Roy on NDTV. What a delight it used to be. Very astute observer of Indian Economy without political colours !
What is biggest problems just see the Apple market cap more the. Whole Indian stock market it show how this guy is try to spin it and try say not related issue . Before that he try to explain how Indian market is high valuations .
This guys book "Democracy on the Road" changed my thinking process for life.
Today, the wealthiest newborn in the world is a Chinese. Curtsy's 3 generations of one-child policy helps him / her inherit the wealth of 14 ancestors.
I am very thankful to Express group for bringing Ruchir to the express for the well meaning people of India nowadays most of mainstream media groups haven't any rational approach towards the issues faced by the nation
Decentralised is the hour of the need in India.
If it is a BJP led coalition Nitin Gadkari is a good candidate. Our PM is already foreseeing this.
There is no scenario like Modi led coalition.
But Ruchir was cautious yet maintained objective stance on many crucial questions related to political economy. It was so refreshing.
Insightful, informative.. every word is studded with meaning. A must watch for the intelligentsia
What a wonderful conversation. So insightful. ❤❤
Its a tragedy that we have a population that doesn't reward economic growth. Instead its geared towards freebies
And the wily politician would like to keep it that way too
Cheep political gimmicks, moreover even few educated advocate tat...
@@aniljagruth7664 Good example is AAP, the new darling of the left wing
Exactly. And the present central govt does the same. We wanted a fiscally conservative and socially liberal govt in a country as poor and diverse as India and all we got was a fiscally liberal and socially extreme right wing govt 😢
@@sitanshurai892 The present govt is more fiscally responsible than both Congres and AAP going by the number of states they have bankrupted. The electorate is not mature enough to reward fiscally conservative governments so one has to choose between the less profligate and more profligate
See as Vijay Keshave gokhale noted, in the next decade India will significantly reduce the gap with China as we will grow at around 11% nominally whereas China will see a growth of 6%. So India will certainly transform as a major global economic power but we need to maintain focus and work in an objective manner and work for improving our socio-economic development.
What an amazing thinker. The interviewers come across as super-light and biased. Wish they'd done better. Was a pleasure to listen to Ruchir. I've read all his books, he's a thought leader in the True sense
Come at 7:42 time Apple market cap issue is more then whole the Indian market cap less then . Question the guest simple try to spin it just before he talk india market is over valuation and now question come on Apple he smartly spin it then answering that question .
I regularly read ruchir sharma editorials in newspaper...and his articles are very correct and true. Earler Ruchir sharma used to call india banana republic.
Fantastic frankly speaking as usual Ruchir Sharma
Fantastic!🤘😝🤘 Ruchir😅❤🎉😊
The world's three giant trading blocks / Markets today are NAFTA, EU and RECEP. We are members of none. The demand in these 3 blocks is much higher than that of India. Today, Indian companies are setting up factories in ASEAN countries. Seeing this, why would anybody invest in India?
Excellent explanation, salute you sir.
I was totally engrossed. Brilliant session. Awesome articulation by Ruchir.
None of our cities looks world class, look at the dirt, pollution, pure chaos how can we fix that?
wwooooowwww.. I never miss to listen Ruchir sir because of his "RATIONAL, FACTUAL, LOGICAL AND STATISTICAL" insight.
Excellent interviews Ruchira
Sharma ❤ 🎉🎉
Why dont we all agree that all goverments have done thier bit to get India to where it is now.
It is the electorate which is wise and knows what it wants. If the electorate are voting majority goverments - why cant we accept thier wisdom. There will be fanboys on both ends.
He makes you think in many different ways with his study and analysis.
Super Brilliant.. Best ever 90 minutes spent in my life.
Ruchir grt to hear ur insights,its incredible..
Splendid Ruchir 🙏🙏
India needs Administrative reforms more than economic reforms.
Ruchir : can a country which is so so indisciplined in basic tenets of life , be an outlier ?
Bharat Shah... Such a pleasure to listen to him ❤
Such a fantastic session.
Good stuff !
The three most significant trading blocks of NAFTA, EU and RECP have made India as the" largest emerging market" irrelevant. As 15 RECEP countries have no customs duties, it is a much larger market than India. Even Indian entrepreneurs have started setting up factories in RECP countries to exploit this enormous market. Why would a Western company set up shop in India?
First time, Anu Mallik would have been in the frame so many times without having anything to say 😅
And everyone sitting around him seem to be having a lot of questions! 😁
Nice session, very informative.
Indian Businessmen are leaving because of Currupt Babus, Local Pololiticians and Goon. And utter lawlessness.
The questions needed to be better.
We're ready to invest more if there is a correction in markets during 2024 general elections.
Today, Indian Media considers China opaque but does not post its Journalists in China. So our Media is to be blamed if China is projected as an opaque country to us.
Excellent
Writing as a passion and investment banking for the Dough that sums up a true capalist ! Disappoints the optimists and pessimists !
Indian economic growth has a formative or a base effect in inflation, that is cofactored in prices of gold, metals, land etc..thus also synchronzing creation of wealth, with demand and risk,.. but the newer addition of rising bond markets, leveraged banking like LoC, guarantees, ONDC credit, BAD bank, drop in circulation or imbalances, circulation biases, disparity etc. will ampliify the demand risk scenario or subdue to it or nullify any deflationary cycles or even corrective trade cycles in order to control pricing and absorption..
One old man displaying his knowledge instead of asking question
Super different. View
Richir should check out Sharma disposable income
Formula that has never been wrong about Stockmarket since 2009
In 2016 . Ruchir Sharma was saying China's Economy Is Running on Borrowed Money. it was then 11.23 trillion USD (2016). 6 years later 19 trillion. (2023). china is collapsing. 🤣🤣🤣😂😂
❤ly discussion
When u are addressing a head of state, show the courtesy of addressing them with their titles PM or EAM and not call them by their first name.
While I agree with most of the analysis, I value the stock slightly differently. Considering the company's strong revenue growth and expanding market share, I believe the current valuation is likely justified. What are your thoughts on what a company's growth potential affects its valuation?
Say something about India ranking 130 globally on per capita income @$2000 per year ( debatable ) where USA @$80000
i invested at 55 and got a 200x return in 5 years.
The anchor is not allowing Ruchir to finish, this is very bad anchoring
7:42 very good question . Come on Apple market is India whole stock market cap issue . Your guest is trying to spin it .
Wonderful
Pvt companies making super rich and scale sans pliable crony politic business judiciary nexus for kid gloves handling to crony business environment management, can be counted in fingers. The Law of Karma is Supreme always unforgetting and unforgiving. Hope good sense prevails ji before it is too late. 🙏 .
Damn those questions had to be moderated.
The one anchor in Indian attire, he is sitting there very reluctantly, never smiled. Who forced him to be there 😅
Sharad pawar really
Anu Malaik , Main kaha hun hahah🤣🤣🤣🤣
We should follow who acclaimed internationally instead of jhandu hindi news channel jhola chap reporters. Like sudhir choudhary ravish kumar Amis devgan anjana and many more.
Lakhs of Indians are surrendering their passports and citizenship and moving abroad with their capital. Why?
IN SHARE MARKET ..liquidity must :::: BEST CHANCE TO TRADE ONLY :::NIFTY CE OR PE with short term view on MONDAY ..20.11.2023......maximum profit on capital invested ::: decide yourself & be alert..with stop losses
WTH Annu Malik doing there? Has he changed career path & turned fund manager?
Just now Two Blue Violet Star here
Extremely sorry to say but the interviewer is so naive and irritating because of lack of knowledge of the business and finance especially when you interview the stalwarts like RUCHIR SHARMA
Hope this papers golden boy owl baba heard what was said about doling out freebies
It is incredible for INDIAN INDUSTRY and people, INDIA is growing inspite of worst Polititions. And Polititions trying hard and consistently on mission of destroying India. Fit case is brutal lockdown which resulted in vedios of Migrant workers strugling for lief. Otherwise India would have grown multifold in corona if there was a good governance 😅😅😅
How about ❤Adani and Ambani.
❤
This is frequently used number
The mud ? The earth ? Language ? The Laterite ?
I see a nervous tick in Ruchir's eyes, I hope it is nothing and all is well.
11:01 he is talking about the USA weaponizing the dollar USA already has the dollar, trade and technology
He is already about many things
पपू इज पपू 😅😅 नौ पपू फौर भारत
Guy is a rationa ans data oriented research scientist and interviewers are modi bhakts, just squeeizing modi in every other qs.
Old queri ,What you would like to market ?
What on earth Anu Malik is doing here 😅😅😅
I'll searching for this comment Yaar.., what he doing there. 😂
Same question 😂
Why this important discussion did not come in details in indian express as ur paper is bjp hater his comments on 24 election is modi varses modi i am very much shocked u people shown so great person only front page reference while karan johar got 2 big pages next time keep in mind most of readers dont like that attitude
Is that Anu Malick?
Ruchir will never give full credit to Modi Govt. Jhunjhunwala got it right, Ruchir is a baby compared to him
Inaudible
Today, India is importing Russian oil in the currency of our enemy currency, the Chinese Ramambi.
The best prime Minister India never had. Sharad pawar. Next prime should be raghu ram rajan. Enough of event managers
43:00
50:28
Socialism is not going anywhere. Comparing India to China in this parameter is unfair.
In the last decade, India's government debt has become 3 times what it was for the previous 65 years.
Government debt as a percentage of government revenues has changed?
@@PradeepVasudev Government debt to GDP ratio has gone up from 50% in 2014 to 58.3% in 2023. Hence, our debt has increased in the last 9 years.
@@pardeeptandon You are correct about the increase, of course. But the key question is - has it impacted our ability to pay. If debt is taken for 'revdi' then its a terrible thing, but if its a high quality investment, then its actually a good thing. For example, the countries with the highest debt to GDP ratios include Venezuela, Japan, Singapore, Bhutan, Care Verde and so on. Similarly, the countries with the lowest debt to GDP ratios include Brunei, Kuwait, HongKong, Congo, Timor Leste.... In short, debt to GDP ratio is good to track but is not the only factor to decide the quality of economic management of a nation.
😀
25:45 come on you are sound like Opposition parties in that topic . If business person or any one for that matter if break the law of land . Law enforcement department will act on that as simple as that .
Karnataka could have gained so much but they did mistake to put Congress back in power they'll realise later...
Lol. Karnataka is doing fine.