That's first of all, you know, you've got those positive, of course, positive,
actually. We've got idiots going crazy in
Australia for the prime minister. The thing is, is India really turned the
corner. And is this growth momentum that we're
seeing and a transformation of the economy, one which has legs?
Thank you wanting everyone. I can't tell it, just looking like it's
really defined the problem headwinds. You're seeing the GDP growth rate coming
along nicely at the five, six, six point five percent.
Inflation is down to sub 5.5 percent, which is great for the Indian consumer.
World economies looking good, middle class Indian is aspirational, is doing
well. Job data is good.
GST collections is at an all time high at twenty that could last month.
So when exchange results are good, which is good for the currency.
So all in all, it looks like India doing well.
All of the sectors manufacturing services and India seems to be showing
signs of robust growth. So we all believe that the reforms of
the last 10 years and just the whole. It hit us despite what's happening for
money. Your CEO Kemalist was talking about, you
know, once the Fed stops hiking, that he sees a whole sort of a rebound.
How do you think this tightening cycle, sticky inflation and concerns of a
slowing global economy is really gonna impact the India landscape when it comes
to emanate? So, you know, I like what can come.
WB We really didn't see much of a slowdown.
Plus, we saw a slowdown because a lot of what I mean is dependent on foreign
capital. When it didn't fall off the cliff, IBEX
come off. One company comes from private equity.
Last year of the 175 billion dollar I mean it's 75 billion plus B this year
already seen about 20 billion dollars come in and it continues to grow in the
sectors that it has, which is I.T. services.
Consumer pharma formalized one of the biggest recipients and will be for the
rest of your healthcare services. Where we saw a fall off the cliff is in
B.C. Covid and going into debt.
Much like what was happening in the rest of the world and who sadly we've seen
Dow Jones Kaplan, we've seen of companies to adjust their valuations.
Everyone's gone out of the venture capital debt that they were raising.
So I believe that capital will not come in.
It is therefore a different I think it was reaching for the valuations to reach
us. So I think that's where we see more
emanate. But as far as foreign capital is
concerned, in the other sectors, we didn't see that much of the slowdown
domestic. Many, on the other hand, which had gone
55 in the last five to 10 years as we did banks and finished with
deleveraging, has also seen a comeback and saw that not just due to the Dani
Burger deal, but there's a lot more that's happening in domestic capital is
now being felt on CBN. So, you know, in Michigan, I stock it
up. Everyone wants to just a few feet if you
want to mystic in it because it was so much cheaper.
But me, I think people realize that. Right.
But each time I was to do about. Manisha, you know, I just want to follow
up on exactly that point. Large players in India that dominated
the domestic Yemeni scene, for instance, Adani or even Vedanta, which is
currently facing debt issues, are on the sidelines, at least for the next six to
12 months. So do you expect any sort of big deal
liberty in the domestic scene? And if yes, from when
so medical, as you said, by media dunya and then also maybe quietly slipped off
us by and large and complex business. And India yourself would love you, said
buyer. I put a business in there that did
business. So I think you have other business
schools which are doing I think is to be.
So that large business houses. What's what's shocking to see is that
this is not just the traditional sectors, but pharma companies like Sun,
which we Guy Johnson billion dollar acquisition in the US will lot.
And we're seeing companies and pharma midsized five to 10 billion dollar
companies also looking to do this. So it's more brought this.
In fact, we don't have to do it. I just thought it was sweet to see the
logic. And also don't forget to go to the
private equity that I saw and read. Funds are buying up a lot with Indian
business houses to grow at this price. So that's that's a new development that
private equity is put into coming. Might not have to the.