EQ Saturday Sapience #81
Equity Intelligence 24th August 2024
Indian tourists are conquering the world, China is cranking up its massive export machine again, and this time there’s nowhere for competitors to hide, India's SaaS market is eying $50 billion by 2030, driven by AI and start-up innovation and Software engineering careers used to be a ladder but now that is not necessarily likely to be true.
- India’s economic rise has lifted millions out of poverty and given the country greater geopolitical heft. Less obvious is the effect of its growing consumer class on other countries. International departures from India more than doubled, to 27m, in the decade to 2019. Overseas spending by Indian travellers tripled between 2010 and 2023, to $33bn… Read more
- Why China Is Starting a New Trade War… Faced with stagnating growth, Xi Jinping decided to go all in on manufacturing—and much of that production is destined for export… Read more
- Despite recent funding slowdowns, India's SaaS market is expected to grow at a CAGR of 15-18% to surpass $50 billion in annual recurring revenue by 2030 as AI and Gen AI drive innovation and investments. With a growing start-up ecosystem, India may lead on this front… Read more
- Is the golden era of the (software) engineer over?... The end of the ZIRP era and the rise of Gen AI is upending old assumptions. Being an engineer is no longer a guarantee of a stable career… Read more
- “Any attempt to value businesses with precision will yield values that are precisely inaccurate.” —Seth Klarman
