EQ Saturday Sapience #59
Equity Intelligence 23rd March 2024
The trajectory of India’s oil demand growth reflects the shifting contours of the global energy landscape, a coal billionaire is building the world’s biggest clean energy plant and it's five times the size of Paris, MSMEs and start-ups ecosystem contributes significantly to the Indian economic vibrancy and India has eliminated extreme poverty.
- New trade route could revolutionize Russia-India trade and strategic partnership... The Red Sea crisis has shifted attention to the Eastern Maritime Corridor (EMC) – the proposed trade route for coking coal, crude oil, LNG, fertilizers and containers… Read more
- Five times the size of Paris. Visible from space. The world’s biggest energy plant. Enough electricity to power Switzerland. The scale of the project transforming swathes of barren salt desert on the edge of western India into one of the most important sources of clean energy anywhere on the planet is so overwhelming that the man in charge can’t keep up… Read more
- MSMEs, start-ups fire on all cylinders. India is emerging as a start-up nation, creating 12 lakh plus jobs. The MSME sector, meanwhile, contributes more than 29% to the country’s GDP and is responsible for 50% of total exports… Read more
- Official data now confirms that India has eliminated extreme poverty, as commonly defined in international comparisons. This is an encouraging development with positive implications for global poverty headcount rates. This also means that time has come for India to graduate to a higher poverty line much like other countries… Read more
- “It’s extremely difficult to get rich by being the owner of a business that earns a low return on equity. We always look at what a business does in terms of what it earns on capital. We want to be in good businesses. Where you really want to be is in businesses that are going to be good businesses and better businesses ten years from now. And we want to buy them at a reasonable price.” —Warren Buffett
