EQ Saturday Sapience #15
Equity Intelligence 20th May 2023
Measurement of poverty is fraught with problems, most of them expert-made, Debt trap awaits the young, and What led to turnaround of Indian banks & can it sustain?
Progress on poverty has a large political dimension - if growth in Gross Domestic Product (GDP) matters for elections in advanced economies, poverty decline matters the most in emerging economies.
With youngsters latching on to the consumption bandwagon, their finances are increasingly under pressure. The flip side of being a consumption-driven economy is that it can land the financially in-disciplined in a mess. So, it's not surprising that cases of personal bankruptcy are slowly rising even as India reaps the benefit of a demographic dividend.
India’s once-troubled banks are generating huge profits…What lies behind the unlikely turnaround? But only continued success for the state banks will show that Indian finance has truly changed.
Quote of the Week
“If you buy the same securities everyone else is buying, you will have the same results as everyone else.” - Sir John Templeton