In a gathering at TiECON Summit in Mumbai, the Dalal Street veteran said the Bharatiya Janata Party will surprise with its election tally on the upside. Scroll down for more details!
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The big bull was addressing a gathering at TiECON Summit in Mumbai, on Wednesday, and said that India was in its most phase in terms of demographic evolution.
Jhunjhunwala said, “India has raised its growth level in each decade since independence.”
Growth and prosperity come only when there is chaos, like in India and America, said the ace investor.
“Democracy, entrepreneurship and natural resources are factors behind India’s growth,” said Jhunjhunwala at the summit in Mumbai.
When the ET journo asked him, “What really should be the approach when it comes to investing?” He had a simple answer: Nothing, but “great humility”. “The first quality any investor should possess is optimism,” he said in unequivocal terms.
Globally, he saw two big factors that may dent India’s growth story – unstable currency and China with high debt.
However, he was of the view that crude oil and trade frictions will not materially impact markets.
“Global economic slowdon does not necessarily mean it will impact financial markets,” said the Indian billionaire investor.
Source: ET
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