The Rise of a New Indian Elite
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- Опубліковано 10 лют 2025
- TOKYO, July 11, 2024 - Saurabh Mukherjea, founder and CIO of Marcellus Investment Managers, dives deep into India's evolving economic landscape in this exclusive discussion. Mukherjea explains how the world's fifth-largest economy is shaping a new elite class, driven by explosive growth in digital infrastructure, SME lending, and mobile commerce. He also delves into the success stories behind India's booming stock market, the impact of Japan's investments, and the surprising rise of women and local graduates leading the charge. Jesper Koll, chair of policy committee at Asia Society Japan, moderates the conversation. (1 hr., 6 min.)
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Like the way how Saurabh portray’s India on the world stage! 🌎
Full name please.
@@mukundanNS What? Why?
@@sagarjambukar7137 please share the full name of the speaker please.
portrays*
@@mukundanNS Saurabh Mukherjea, you could have got it from description of the video too.
The most intelligent data analysis in recent times on Indian economics. Another great leader has been recognized.
In 2017, the states of India signed a "FTA Free Trade Agreement" amongst themselves. This is the Goods and Services Tax (GST).
58th min - Aadhar idea 2008-2010 by Nandan Nilkeni. In 2016 it was Raghuram Rajan - RBI governor who pushed the idea of UPI not Modi as incorectly stated by Saurabh. Infac, Modi did demonestization which was a distaster to the poor & the economy. ALso, caste problem still exists. 90% of Indian marriages still happen within same caste.
@@optimawildlifevideos307 caste... Comes from nowhere... U are Rahul paapu brother tell ur caste 😂😂
My goodness! If you listen to him you will put all your money in india. Amazing story teller
And yet his funds are performing badly.. ppl who invested through him paid hefty commissions and get get nothing 😂😂😂
@@theharsh2005 did you investment your money with his firm ? If not you don't have the right to criticize his investment thesis.
I agree with what he says look how our country and stckmarkets are performing.
@@theharsh2005 he said invest in India not invest with him
Story teller? I think that comment was meant to be sarcastic. Story as in fairytale or downright falsehood. But most have liked the comment without realising it’s smooth sarcasm!
Excellent communication skill, sharp memory, wise analysis and futuristic views make him one of the best speakers in the Indian economy and stock markets.
Saurabh is a good economy ambassador of India highlighting the profile of the country to the outside world. Hope he comes to the attention of PM Modi and gets picked up in his tour entourages promoting the country to the outside world. Unlike many others, he has the facts and figures to substantiate his talks with his LSE background. Keep promoting.
PM Modi and his ilk, those freeloaders who occupy Parliament House, are the biggest deterrent to India's progress. How many MPs think of national development on any given day?
Edit: Really happy to see the graduates of What's App University getting so pressed. 😃
Those all the development he is talking about is because of Modi's vision @preetideshpande4629
TRUE....
@@preetideshpande4629Aadhar happened under Manmohan but Jan Dhan and UPI happened under PM Modi. GST the other driver of challenger class also happened under PM Modi. The transformation of status of women politically, economically and socially under PM Modi has been breathtaking be it toilets. Piped drinking water, cooking gas, electricity becoming universal or credit to MSMEs through MUDRA where women are over represented. Besides this 40 million homes have been built under affordable housing scheme. Please look at actual facts instead of sticking to opinions gleaned from western influenced main stream media.
@@gauravipal5691 That's all on paper and whatsapp forwards, there's no ground reality to it that's exactly why they have to depend on Hindu-Muslim politics for their vote bank.
Love the conviction he is having on India if we have 100 leaders like him India will be a different story😊
We have them sir, they don't have time/concern/focus to put content on UA-cam.
We have them. They are called BHAKTS.....
@@mangalapalliv interesting, so was that sarcastic?
Optimism is good, Blind Optimism isn’t.
@@mangalapalliv if bhakts were so literate they'd stop being bhakts, the irony in your comment😅
Saurabh Mukherjee and Ruchir Sharma ...More power to both you erudite gentlemen.....
In your whole conversation, i was lost somewhere😊 in incredible India and being a entrepreneur ❤i found many opportunities in India through your episode. Thanks for that. Wondeful illustration of growing India and salute to your intense work. Keep it up Mukherjee ji, i have subscribed your channel.
IDK WHY WANNA QUOTE "We disappoint both the optimist and pessimist "
because of unrealistic expectations
Bcz we stupid socialism which never works.....
And Dump people who vote for free electricity nd water😂😂
@@VickyYadav-qj6kv without socialism u would be paying 5k for a pag cylinder and a lot for medicines 😆
@@sachin2842he wouldn't be able to comment on UA-cam 😂😂😂😂😂
@@sachin2842 its nothing do to with socialism, if socialism wouldn't have existed then the incomes would also have been at par
This is one of the best videos I have watched this year.... 🙏 Thank you
The way Saurav Mukharjeea explained the Indian growth story and future of India. Salute 🙏
His insights are extra ordinary, lot's of respect for Saurabh Mukherjee.
One of best India's Ambassador who is not only intelligent but very logical and erudite.
Saurabh's Story telling skill is next level alongside the facts...
Simply loved it!
Saurabh and Ruchir Sharma on data recall 🚀
You should listen to Mohandas Pai. He is phenomenal with data.
@@paliath100 He just trolls on twitter these days
What a brilliant session...learned so much about financial growth of women india & India's Financial payment boom & how it is changing the dynamics of country.
Fantastic speaker. It was really funny to hear him say he is not a geopolitical expert and then go on to give a pretty good answer to the question
When I started watching this I did not expect to watch the whole thing, and yet here I am. Such a good storyteller.!
Undoubtedly Saurabh is great story teller! Liked the way he painted rising story of India at global forum! More power to you Bhau....
Japanese-Indian friendship runs wayyyyy deep than what people see...
I once found out they were investing in tree plantation campaign in my mother's village (random part of rural Rajasthan)...
Turns out it was for saving Aravlli hills which sit on some tectonic plates that somehow affect earthquakes in Japan...
Truly visionary people
Great communication skills. Solid technically. Like him or hate him. U cannot be igrore him
Saurabh is the Jhumpa Lahiri of story telling for stock market. Superb !
Brilliantly articulated, I can vouch for the women's power, my two daughters are both hard core engineers ( Mechanical ) both master's in Science from foreign universities both in great jobs, both earning well and both are ambitious....
Hi…. Could you tell me where and what kindly of masters your daughters did?
If they are in India both of them are most probably working in a Bank. 😂😂😂
Else they are working where they studied.
He is a good sales man but an awful fund manager
Listen to him but invest in the index.😊 you will make more money than his PMS
@@vikramnatarajan2857 He is neither a fund manager himself, nor is their investment horizon so short that you are judging him based on the past duration. He invests his clients money for 10+ years time frame for 20%+ CAGR growth target. Over that period everything irons out. The stocks which have performed exceptionally well will turnaround and vice versa. Last 2-3 years has been a special case scenario for India due to sudden surge of retailers money. Once that growth becomes linear the high quality blue chips, his team’s funds focus, will be back in business.
What’s their return ?
That’s true. I have also observed that he keeps selling Asian Paints wherever he goes 😂😂😂😊
Beautiful portrayal of India. An eternal bull. With you.
This was tremendously insightful. I thoroughly enjoyed the discussion.
Mr.Saurabh Mukherjee the real man. Salute!!!
He is good at storytelling, hiwever very narrow minded in his approach to stock picking and disses every other fund mgr even though they may have proven themselves. Arrogant and charming at tge same time....picked that from various appearences of his
You are in the opposition, hence your mindset is limited.
These presentations are always interesting. The Indians really know how to organize data
Simply brilliant, fact filled analysis! Every Indian must watch this!
This is how you should represent India on the World Stage.
India is the Future and be proud of it
Amazing !!
India Shining 🌟
Fantastic to hear him explain.
Fine and absolutely great as an ambassador of India abroad.
His economic analysis of India growth is ok from a LSE standpoint.
My issue is how to carry your population for feeding them and employing them in this new ecosystem of AI. Every time Sourav advocates for reducing Corporate Taxes and it's evident with the last 25 yrs IT Act but what about the middle classes getting butchered as with no tax incentives rather burdened every yr by yr by all government s , a simple benefit to Tax benefits to bonafide Tax payers is not there in comparison to basic government medical & education... GST on Health Insurance when it's an obligation of the Government of India to provide proper health care.
So will request Sourav Sir to please look into the aspects of Mango man too... The NSE BSE drivers are again the poor burdened middle class, to make ends meet they want quick money, so doing F&O.
Kindly highlight the common man issues with the Government as they don't have a representative body rather an electoral system wherein generally corrupt people are elected to govern on tax payers money and making a wealth to last few generations.
A very enjoyable program.
The guest is very articulate. His fast speaking style enables the sharing of a large amount of information in a short time.
Bravo.
Exceptional talk : of course negative things are kept in the background - still we are shining
Great knowledge on the most complex part of the World. He should be included in central govt's policy making space.
Awesome pitch Saurabh. Iam the founder of Mohalla Clinics of Delhi and also Aapla Dawakhana of Mumbai. Definitely wanted to meet you :)
This is a masterclass! Thanks Saurabh for your insights.
This is a video every Indian should watch and feel proud 😍
This man is superb. Any prospective investor will run to India after hearing him. He put things in very nice perspective- all with evidence. Great effort.
Now I am more convinced that India will be in a commanding position in a few years. Only problem is politics involving certain parties
South India is and was growth engine of India since 500 years.
SARUBH MUKHERJEE GOOD PRESENTER OF ECONOMIC SITUATION, WE GET LIFE WHILE MAJORITY LIVING ON THE EDGE INSPIRING .
Very informative video. I just hope he keeps publishing a book every year. We need many such storytellers or stories of India's corporate growth story which I often felt are not much spoken about.
Absolutely love Saurabh
Really feel sad about North India being left behind. 😢. Though proud of our South Indian states.
Saurab makes a compelling case for investing in the Indian economy!
very good and prompt info. not many give it as good or as well articulated
Prefer Saurabh Mukherjea's transperent and honest insights into the Indian economy's development unlike many other pompous one who openly criticize India while blowing their own trumpet on the economy! Thanks Saurabh!
Wow! Excellent presentation on Indian economic scenario.
India is definitely benefiting a lot from the US and China conflict. From restructuring the supply chain to outsourcing low cost labour to India. This video is an interesting insight on how India has become and the future opportunities lies ahead!
Amazing and inspirational... One of the best, if not the best interview and analysis of India's growth. Elite or non-elite, I don't think we really care
True
Recommend a mustache and a hair cut to Saurabh and a lot of listening to Saurabh to the rest of us
Great job! Congratulations to the team. Thank you! Looking forward to next podcast.
Simply great, excellent way of factual presentation.
India needs many Saurabh s.
Didn’t wear relaxo chappal to this one thanks
loll
Are the returns compared between India and US currency adjusted ? If you double your investment and the currency drops 40% over ten years is that still the same as USD keeps getting stronger in comparison?
Kudos to you!! Great ambassador of India growth story.
All govt officials and policy makers should discuss and debate on this presentation.
Nothing great our stock markets are booming.
Always a treat to watch this guy speak, he is the Sachin Tendulkar of Finance
53:50....what an insight!! very true
woah, watched the entire thing in one go. Learnt so much :))
FANTASTIC SIR JUST TOO GOOD KEEP IT UP
Loved watching the entire video.Just liked the data & our countries growth.Thank you Saurabh
I respect Saurabh's instincts and expertise as an investor. He surely is in the vanguard of a new Indian elite who seem to get the pulse of a nation with big aspirations.
But i also wonder why such smart people are blind to the downsides of this model of continuous incremental growth that is predicated upon the use of finite resources.
No mention was made about the tremendous problem of waste and pollution that is baked into such a model of economic development from the get-go.
Widespread climate change ,with all it's unpredictable spillovers, is another black swan waiting to alight and disrupt our carefully constructed plans and maps of progress for the future.
What (calamity or crash) will it take for us to start to think of new models of economic growth that are not solely based on extraction and exploitation, consumption and pollution like now?
How long will GDP remain the sole index of a nation's status and wellbeing?
I'm waiting to hear a member of this new tribe of Indian elite who will dare to sing a different kind of progress song, one that is deferential to nature and to man, which could look back for tips to the civilizational legacy of India that awaits a deep exploration all it's own.
But for this we should first awaken from the deep spell the west has cast upon us ~
It's damn very important to have job creating businesses and companies than just value growing companies. Without consumers strengthening, no businesses and countries grow
if no local consumers you can use export loophole to export to a better consuming population outside,which means big forex which means ultimately the local pop will eventually come up.....just like China did
Pundits like Mukherjea willfully ignore the trajectory that every single developed nation has taken -- massive public investment in health, education, social justice, infrastructure, strong law enforcement, low red tape and efficient judiciary. We have none of these in place, but we are aspiring to become a superpower. Our system is so corrupt that you can kill two people, with multiple witnesses and just write an essay.
Fantastic assessment of India’s growth trend
thanks a lot Saurbh sir for enlighten us with the detailed knowledge based videos
Brilliant presentation. Every slide and minute is pure gold.
Labour price is very high is the only problem for manufacturing 😅😅😅
This is what storytelling is about. Extremely succinct presentation 🎉
Just a note India makes some serious high-end shoes like Bridlen, Oblum, BLKBRD etc. They need a way for these shoes to get to the end customer very quickly.
Great data based insights. WESCO was a nice summary of the India bull argument.
This is absolute gold video!
Truly enjoyed the whole conversation!! Highly informative
a very informative talk, loved it, dont even know the speaker but he is very balanced and knowledgeable and portrays India in right light. Hope our politicians were like him or at least learn something from him. Will google him.
Respect for the way you build the Country's image on the overseas Platform.....
Also in love with your art of articulation...❤❤❤❤❤❤❤
Thanks for bringing Saurabh Mukherjea.
Great ambassador for India. Doesn't mince words, keeps it real n data-driven.
Saurabh.... you are brilliant.... salute
Excellent storytelling. Although, people forget that he is there to raise investment for his fund from HNIs
It's always insightful to watch Saurabh Mukherjea
Wooow! What a presentation.🎉
Awesome session. Learned a lot. Great to invest
The reason Suzuki has such high sales is because of Maruti leadership if not it would face the same fate of Honda and Nissan of 2-5000 sales per month
Saurabh would make a great Finance Minister for India, amazing story telling.
That I agree... anybody can be a better finance minister than Nirmala Sitharaman.
Excellent presentation and excellent way of taking through Indian past and future growth prospects
His explanation of why the govt changed tax slabs on income from stocks.
Very motivating to know about South India
Saurabh is a scholar. Superb.
what a sppech that was 👏 Totally blown away by the facts thrown by saurabh.
He should be at the helm of policy making for India.
excellent storyteller!! His delivery is phenomenal !!
As usual, BRILLIANT presentation by Saurabh! Loved every minute of it!!!!
superb talk show we need more of these!
Good succinct analysis of the current economic situation of India 👍👍
Can listen to this man all day. 😊
I like the data and the way he is speaking, i am at 19 minutes and still watching
The real indian elite is coming the generation after. My grandson and his cohort.
SM's always been a great salesman. The same conviction has not translated into fund performance. Hope he does well on that front for the sake of his investors.