Stunning amts of money is now flowing out of India into overseas mkts #anecdotal
- Public Mkts: My investment advisor (big 3 Indian pvt bank) recommends 20% exposure to foreign equity in investment portfolios (v/s 0% 3yr bk)
- Private Mkts: Hundreds of startups moving abroad..
- Public Mkts: My investment advisor (big 3 Indian pvt bank) recommends 20% exposure to foreign equity in investment portfolios (v/s 0% 3yr bk)
- Private Mkts: Hundreds of startups moving abroad..
to incorporate @ Delaware, London, SGP, Dubai. I've recently been forced to exit 3 of my best angel investments as the startup chose to raise next round from foreign investors (who didn't want early Indian angels as baggage)
As an Indian🇮🇳 I shudder to think of the long term...
As an Indian🇮🇳 I shudder to think of the long term...
implications of all this.
India is aiming for a $5TN economy, poised to be 3rd largest economy... but we are bleeding crazy levels of talent, capital, enterprise everyday. From a trickle, this is turning into a deluge
India is aiming for a $5TN economy, poised to be 3rd largest economy... but we are bleeding crazy levels of talent, capital, enterprise everyday. From a trickle, this is turning into a deluge
All this outgoing money + talent + skills will contribute to foreign economies - make them more innovative, efficient & prosperous.
High time as a country we woke up to this hemorrhage and acted before it gets too late!
High time as a country we woke up to this hemorrhage and acted before it gets too late!
Old article, but it shows how/why the US (+ other countries) have systematically lured away (read steal) the best talent from acros the globe. So many of the popular US podcasts I hear talk routinely of the Jobs Act, Immigation Act, special purpose visas forbes.com/sites/meghanca…
..basically all vehicles for sucking away the best entrepreneurial talent from across the world.
India really needs to buckle up here - the first step in solving a problem is actually recognizing and acknowledging it. IMHO we still haven't done that yet!
India really needs to buckle up here - the first step in solving a problem is actually recognizing and acknowledging it. IMHO we still haven't done that yet!
It's easy to turn nationalist or jingoistic & point fingers at others (US is stealing our guys!).
The real question - why is India allowing this at all?
Reminded of the Gandhian principle - every time you point a finger at others, remember there are 3 pointing back at you!
The real question - why is India allowing this at all?
Reminded of the Gandhian principle - every time you point a finger at others, remember there are 3 pointing back at you!
Updated: A friend messaged me that India has stymied the public mkt outflow (for now) since the limit of foreign funds exposure by MFs is exhausted & wasnt renewed
Honetly I feel that doesnt count for much - Money is like water.. it'll eventually find its way out if it wants to
Honetly I feel that doesnt count for much - Money is like water.. it'll eventually find its way out if it wants to
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