Rakesh Jhunjhunwala says PM Modi will be back and BJP will surprise with its election tally
By ETMarkets.com | Updated:
BJP's tally in 2019 Lok Sabha polls will surprise on the upside: Rakesh Jhunjhunwala
Highlights
- Big Bull said that India was in its most stable phase in terms of demographic evolution.
- Growth and prosperity come only when there is chaos, like in India and America, said the ace investor.
- Globally, he saw two big factors that may dent India's growth story - unstable currency and China with high debt.
Ace investor Rakesh Jhunjhunwala is of the view that Prime Minister Narendra Modi will be triumphant in the upcoming general elections.
Addressing a gathering at TiECON Summit in Mumbai on Wednesday, the Dalal Street veteran said the Bharatiya Janata Party will surprise with its election tally on the upside.
The Big Bull added that India was in its most stable phase in terms of demographic evolution. “India has raised its growth level in each decade since independence,” he said.
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.”
What really should be the approach when it comes to investing? Jhunjhunwala 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 slowdown does not necessarily mean it will impact financial markets” Jhunjhunwala said.
Addressing a gathering at TiECON Summit in Mumbai on Wednesday, the Dalal Street veteran said the Bharatiya Janata Party will surprise with its election tally on the upside.
The Big Bull added that India was in its most stable phase in terms of demographic evolution. “India has raised its growth level in each decade since independence,” he said.
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.”
What really should be the approach when it comes to investing? Jhunjhunwala 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.
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However, he was of the view that crude oil and trade frictions will not materially impact markets.
"Global economic slowdown does not necessarily mean it will impact financial markets” Jhunjhunwala said.
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