Is India the next China?

hxyrqw8y

Chimp

[Comment removed by mod team]

Sequoia

Almost Human

Yes. This is almost so obvious it does not bear being said. No other EM in the world has the tailwinds India does -- along w/ the pop / rising education levels & culture of education / rising internet penetration -- esp in a post Covid world

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anothergodammasian

Senior Gorilla

As an indian- Don't do this, Don't give me hope.

No but seriously there's a lot of positives but many negatives that most people are ignoring, we only look at the good side(although admittedly India has been doing very very well, especially how we held our ground vs the west when it came to political pressure on buying russian oil)

Hopefully I-Banks start hiring analysts out of undergrad and not wait for them to get MBAs

andrewlim1

Orangutan

You should start cold calling IB firms in your country now. India is having explosive growth, just look at all the macro indicators. It literally looks like China back in 2015 - 2016.

Banks like ICICI, Kotak and SBI Capital Markets are hiring teams of investment bankers. Man, I am getting some serious FOMO here. But I don't think they take Asians and Asian-Americans due to nationalist/protectionism policies.

anothergodammasian

Senior Gorilla

Apologies if this is a bit long,

I just turned 18 a couple of months ago and started my first year of college, most if not all IB jobs are in Mumbai, outside of that there's a few in Delhi and Bangalore but that's about it.

In my city (T-2) there's 2 investment banks, I cold called the founder of both and was turned down, However i do work a full time job along with college here(6 days a week, 8 hours a day) in market research, they pay me a 100$ a month after grinding me a lot, i cold called and got this job too, i also got a job at a wealth management firm but it was too far away and I was being paid nothing, Because of high petrol prices i left that job, I'm also pursuing ACCA(Accounting qualification like CPA) and i barely have time left for myself, I'm working as hard as i can so hopefully something works out in the future

BTW I think that you could actually find jobs here, although would you be able to live here? Which country are you originally from if you don't mind me asking?

PrivateTechquity 🚀GME🚀

Human

India has a much brighter future than China if they can get their shit together. They haven't destroyed their future with stupid policies like 1-child which have inverted the population distribution in China (lack of girls being born). China's best days of growth are behind them, their aging population is the largest in the world and dwarfs the size of upcoming generations to fill the gaps in the workforce. They have maybe another 30-40 years left unless they can massively turn it around with their fuck machines and investments into fertility treatments.

"The obedient always think of themselves as virtuous rather than cowardly" - Robert A. Wilson | "If you don't have any enemies in life you have never stood up for anything" - Winston Churchill | "It's a testament to the sheer belligerence of the profession that people would rather argue about the 'risk-adjusted returns' of using inferior tooth cleaning methods." - kellycriterion

Pierogi Equities

Almost Human

Really hard to say. It's a massive shithole unfortunately (huge economic disparities, relatively high corruption, woefully underfunded infrastructure), but it has huge potential and diversity that is truly amazing. I'm personally very hopeful, but it is definitely difficult to manage. A lot has to go right, and there's a lot of seemingly low-hanging fruit (expanding access to medicine, trying to reduce religious and gender violence, etc.) that is still sadly elusive. One thing I'm most curious about is how organized it can be, China is leaps and bounds ahead of India in that regard and has been for practically its entire existence. Time will tell, hopefully the country focuses on human development.

Quant (ˈkwänt) n: An expert, someone who knows more and more about less and less until they know everything about nothing.

Tracer85

Gorilla

China and India I think were roughly on the same footing in the 70s. Then China zoomed ahead because they fixed their manufacturing and India didn't. A lot of its growth comes from services, which without a good manufacturing base can be dangerous. It's wasting it's highly valuable resource of a large population. The current govt pretends to be focused on economic growth but really have indulged in shameful divisive politics and some huge policy blunders (remember when banknotes went illegal?). India has all the right ingredients for success and probably will deliver better growth than rest of the world, which is huge given its population. But it's in that category of "has a lot of potential and always will", which is sad

Array

swagoff

King Kong

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