EQ Saturday Sapience #4
Equity Intelligence 4th March 2023
Our team consumes loads of information and data across spectrum of topics covering India & World economies, businesses & entrepreneurship, Science & Technology, Socio-economic trends and cycles, Markets & Investing, Politics & Policy making, etc. to keep a refined World view. In Saturday Snippet, we curate and share with our investors a few select content in terms of articles, essays, podcasts, books, videos, quotes, etc. which engaged us.
1
Can India industrialize? - The most important economic development question in the world. All in all, we have to say we are optimistic about India. Development seems to have a momentum that’s as much psychological as economic — once the people of a country know that they can achieve rapid growth, their hunger is whetted for more. The reforms of the 1980s and 1990s didn’t get India all the way to developed status, but they gave Indians a golden 25 years during which they started to realize just how great their country could become. And we think much of the rest of the world realized it as well.
2
Apple partner Foxconn Tech plans $700 million India plant in shift from China. The investment is one of Foxconn’s biggest single outlays to date in India and underscores how China’s at risk of losing its status as the world’s largest producer of consumer electronics. Apple and other US brands are leaning on their Chinese-based suppliers to explore alternative locations such as India and Vietnam.
3
China is about to see its biggest reshuffle in decades as a generation of internationally respected economic officials makes way for a clutch of politicians better known for strong ties with President Xi Jinping than academic credentials or overseas exposure. That prospect is ratcheting up anxiety from Wall Street and Washington to the UK and Japan, with concerns the new lineup will prove to be Xi yes-men who take China further toward state intervention and international isolation — away from the path set by a dynasty of pro-market officials that have called the shots since Deng Xiaoping first opened the door between China and the world. But there’s an alternative take.
Quote of the Week
“If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes.” - Warren Buffett
