The Rise of a New Indian Elite
TOKYO, July 11, 2024 — Saurabh Mukherjea, founder and CIO of Marcellus Investment Managers, dives deep into India’s evolving economic landscape in this exclusive discussion. Mukherjea explains how the world’s fifth-largest economy is shaping a new elite class, driven by explosive growth in digital infrastructure, SME lending, and mobile commerce. He also delves into the success stories behind India’s booming stock market, the impact of Japan’s investments, and the surprising rise of women and local graduates leading the charge. Jesper Koll, chair of policy committee at Asia Society Japan, moderates the conversation. (1 hr., 6 min.)
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31 Comments
Everything was fine until minimum wage story kicks in….
This is how you should represent India on the World Stage.
India is the Future and be proud of it
Elite sending their kids to the west and Indians suffering. He’s where he is just because of his father.
Awesome pitch Saurabh. Iam the founder of Mohalla Clinics of Delhi and also Aapla Dawakhana of Mumbai. Definitely wanted to meet you 🙂
Great talk!
It's always insightful to watch Saurabh Mukherjea
53:50….what an insight!! very true
Superb sir 🙏
Unemployment among rural youth is the biggest concern for India. They need employment. Most are aspiring for some government job. Only a fraction will get that. The others will disappointed. They also vote. Soon they will elect someone who promises that. That could bankrupt the nation
The comparison between India and China is completely off. The tie between china’s stock market value and its broader economy is very weak. The stock market neither represents China's market size nor its economic growth
Saurabh M,
I think you don't know at rural level how it works, might better some of ur Team member answer questions related to rural India and social issues…example
1. Bank guy can't charge extra or do corruption for subsidy money.. it's Govt revenue officer you decides whether person eligible subsidy or not..
2. You say you njoy current phase of living in India people challenging higher caste personnel…..n many more comments..
….
Sorry…all ur opinions coming from AC rooms of London….
Japanese-Indian friendship runs wayyyyy deep than what people see…
I once found out they were investing in tree plantation campaign in my mother's village (random part of rural Rajasthan)…
Turns out it was for saving Aravlli hills which sit on some tectonic plates that somehow affect earthquakes in Japan…
Truly visionary people
Inheritance Tax is a Must for India ….
I think corruption is the main issue which stops labor intensive manufacturing for smaller scale businesses.
Government must implement inheritance tax.
It is pure exploitation.
the rise of an elite in any country is a cause of concern…it is the reflection of a growing economic disparity. it would be better if the mass of middle class and working class (not just a group of people) rose up the economic ladder collectively. Although the rise of an elite is inevitable, the govt should try to address a growing economic disparity, a task it seems to have given up on completely. the economic disparity is pronounced and growing in USA and also India…. and elsewhere around the world … where upward mobility is increasingly difficult to achieve as data show, not so much in Scandinavia, comparatively speaking.
airports in india are cutting edge? i want to smoke what this man is smoking.
why is saurabh not in marketing dept of Indian govt?
Great knowledge on the most complex part of the World. He should be included in central govt's policy making space.
How 23% compounded over 20 years is 70X? Can I know the formula being used here.. Thanks
This is absolute gold video!
This is a video every Indian should watch and feel proud 😍
Having multiple streams of income is a game-changer for financial stability. Relying solely on a job may not provide enough financial security due to high rates of tax It is important to explore additional investment opportunities to surpass one's expectations. May you find success as you read, see you in 2024
This was tremendously insightful. I thoroughly enjoyed the discussion.
People in favour or against Saurabh Mukehrjea, all must understand the framework he believes and invests in. No single framework woks all the time in stock market; as we have market, business and industry cycles. Consistent compounder which he invests in looking at decent ROCE , revenue growth stocks with quality (or no shabby financials) works very well with FIIs,FIPs; who are looking for safety first. With foreign investors turning back for last 2 yrs on India, this framework suffered. Saurabh doesn't give much importance to valuations, is this an issue? Then where are valuations for many currently flying stocks (defence, railways) in Indian Equity only on basis of orderbooks with negative cashflows?
We need to clone Saurabh 😃
Very informative, excellent presentation. Two issues need elaboration: centralization of political power and the resulting corruption; dividing people on the basis of religion is a drag on the economy.
Bhai ab ye Japanese logo ko bhi chuna lagayega 😂😂
This guy talks the talk but can he walk the walk?
India is definitely benefiting a lot from the US and China conflict. From restructuring the supply chain to outsourcing low cost labour to India. This video is an interesting insight on how India has become and the future opportunities lies ahead!