Mr Sunil Singhania at jvpd club yesterday:
Russia Ukrainian war at near end. Restricted to border area only.
50 embassies start operations in Ukrainian capital
Oil capacities increasing around the world. See crude at 70-75 dollars in three months.
World dependency on crude decreasing.
Losses in china and Russia forcing fii to sell in india and other mkts to par losses.
India corrected 10% and very healthy valuations at present.
Uncertain china and Europe future should get fii back in india soon. India looks safest to invest.
India continues to spend on infra which is a big positive.
Rural income at highest in many years. Leading to spending again.
India’s 70% population has occupation and hence more earning members in family to lead to healthy spending and saving habits.
It took india 60 years, from 1947-2007 to reach 1 trillion economy.. from 2007-2015 it reached 2 trillion.. currently india is a 3 trillion economy…. India should get to 6 trillion in 7-8 years. Massive earning opportunity to make wealth in next 7-8 years for all Indians.
Like metals, IT, banking and pharma with 4-5 years visibility.
Hydrogen based fuel should be a revolution