Every Country Now Wants to be Atmanirbhar. How Can you Participate in this trend?
Industrial policy refers to government officials channelling resources to particular industries that the market would not. What India’s leaders understood many decades ago was acknowledged a fortnight ago by the World Bank – that every country should now have an industrial policy. Companies in our Global Compounders Portfolio are well positioned to potentially benefit from […]
Economic Warfare is Now a Daily Reality. Is Your Portfolio Ready for It?
Over the past 20 years, America has led the world in using economic chokepoints to hurt its rivals. First China (using rare earths) and now Iran (using Hormuz) are returning the compliment. It is all but inevitable that every significant economy will now use economic warfare to attain its goals. To protect your wealth in […]
We Didn’t Start the War. So Why Are We Being Fried?
Although India doesn’t have anything to do with the war in the Middle East, over the past month, the Nifty is down 11.7% in $ terms, 3x more than the S&P500 (down 3.6%) and nearly 1.5x more the European index (European Stoxx 600 Index down 8.1%). So, why is India so exposed to events in […]
This is the Biggest Boom Ever in Global Capex. Are You Profiting From it?
A confluence of factors – surging power demand, higher defence spend, climate change, AI, shortage of oil & gas – is driving an unprecedented burst of global capex with Europe and America at the vanguard. This surge in capex, which overshadows the scale of capex seen even during World War II, has over the past […]
An Economic ‘Sagar Manthan’ Beckons for India
India’s three-decade-long growth story was built on a critical engine: IT services exports worth $225 billion a year that funded India’s current account, created a million middle-class jobs each year, and powered domestic consumption. That engine is now slowing due to a maturing global outsourcing market and due to the substitution of cognitive labour by […]
Profiting from the $1 trillion Global Market in Small Industrial Machines & Components
On the back of the re-industrialization of the West, the global market for small industrial machines and components is growing at 5-7% per annum in $ terms. Over the past 3 years, as demand for Defence, Aerospace and Power has accelerated in Developed economies, our Global team has made several investments in European and American […]
Profiting from the Global Upsurge in Electricity Demand
Thanks to a remarkable surge in power demand, the world needs an extra 400 gigawatts of electricity each year. For supply to keep up with this demand surge means $600 billion per year of capex for the next five years. This explains why major industrial firms across the world are currently experiencing record or multi-year […]
Profiting from the Demise of ‘Information Intermediaries’
Like the internet a generation ago, AI is triggering a massive wave of value migration from traditional style businesses to new business models. Our Global Compounders team has identified and invested in several opportunities in developed markets over the past four years, with the aim of positioning our clients to potentially benefit from this new […]
Profiting from Defence & Aerospace in this Age of Rage
As a bipolar world reorients itself around two superpowers – USA and China – global spending on arms, fighter jets, drones and commercial aircraft is growing annually at double digits in $ terms. Order books in Europe & America are already loaded with a decade’s worth of orders. Our Global team has made several investments […]
Do You Own the World’s Most Powerful Tech Company?
There is a 90% probability that you are reading this material thanks to the electronic circuits created by a uniquely powerful tech hardware firm based in a small town in Holland. With gross profit margins more than 40% sustained over several decades, this Dutch company is protected by a series of almost invincible moats. By […]
How Can you Profit from India’s Luxury Boom?
With the number of Indians earning more than Rs 1 crore per annum up 6x in the past decade and with the nation accounting for more than 10% of the world’s billionaires (3x the country’s share of world GDP), we are the midst of a boom in ultra-luxury spending in India. The companies benefiting from […]
RBI’s Report Flags Canaries in the Coalmine
Whilst India’s net household financial savings have improved in FY25, RBI’s latest Financial Stability Report (FSR) explains why the situation continues to deteriorate when it comes to household debt. The RBI’s report points to: Increased leverage of households, specifically for the purpose of consumption and not creation of assets; and Higher write-offs and rising slippages for private banks and NBFCs respectively. […]
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