If you go the right way, money and people will automatically rush over, and this is history, and it is a history that is repeated repeatedly.Author: Guan Fengyun (Baopu Finance International Current Affairs Commentator).India** has been on fire in the past two days: the silver of the white flowers has flowed to India**.
On December 5, India's market capitalization exceeded the $4 trillion mark for the first time. In less than three years, the market capitalization of companies listed on the Indian exchange has increased by $1 trillion. India's main benchmark stock index, which has reached an all-time high, is up more than 13% so far this year and is on track for an unprecedented eighth consecutive year**.
Since the beginning of this year, more than $14 billion has been injected into India from overseas**, and purchases by local institutions, including mutual and insurance companies, have climbed to more than $16.5 billion, driven by continued inflows of Indian investors.
From 2003 to the present,India** has increased 20 times in 20 years.
Indian investors have won hemp, which is an investment, it is simply a money grab!
I was very envious and jealous, and there was no hatred.
What did India do right?Why is **skyrocketing?
In relation to people, let's start with the state elections in India.
A poll conducted by India Today magazine in August showed that Modi and his party, the Bharatiya Janata Party (BJP), have remained virtually unchanged after nearly a decade in power, with 52 per cent of respondents supporting Modi for a third term in next year's elections.
On December 3, local time, the BJP won local elections in three of the four major states.
Modi's re-election is very likely, and Modi is single-mindedly engaged in economic construction, so, of course, it has risen sharply.
Talking about Modi, it is not simple, just one characteristic:Will make money, like to make money.
Born on September 17, 1950, to a lower-caste family in the small town of Wattnagar in the Indian state of Gujarat, Modi helped his father sell black tea as a child.
The main KPI for selling black tea is to sell black tea, and the family belongs to the bottom, so,Modi has been thinking about money since he was a child, and he has grown up in the atmosphere of a market economy since he was a child, and if he doesn't make money, he won't have anything to eat.
He observes people's expressions, figurs out people's psychology, guesses the needs of customers, meets this demand, treats everything that can be paid, and strives for him to pay for everything that cannot be paid.
Modi's family background has greatly influenced him, shaping his flexible, pragmatic and cunning pragmatist character.
In 1982, Modi received a master's degree in political science from Gujarat University. In 1988, Modi was appointed BJP's secretary general in Gujarat and officially entered mainstream politics.
The real scholar was born from the bottom, and he worked hard from the bottom, and Modi never grinded the ground at the bottom, but went straight to the sky.
In 1995, Modi became the national secretary general of the BJP. In 1998, he was appointed National General Secretary of the Party.
Because he has been selling black tea since he was a child, Modi pays attention to observing whether the people have food and work, and solves problems.
On October 7, 2001, Modi became the 14th Chief Minister of Gujarat.
Then, he began to shine, he was engaged in infrastructure construction, actively attracted foreign investment, and visited China, Japan and Singapore many times. Anyway, whoever cooperates with me, I will be good with whomever I want, and whoever has the money, resources, and market to help the people of this state make money, I Modi will be close to whomever I want.
As a result, under his leadership, Gujarat's economic growth rate is the highest among any Indian state.
This man is really capable of solving problems and really working.
The rest is logical. In September 2013, Modi became the BJP's candidate for prime minister in 2014. In May 2014, the Bharatiya Janata Party (BJP) won the first place, with Modi as prime minister. In 2019, he was successfully re-elected.
In his first term, Modi launched a series of ...Anti-corruption measures
These measures include:
In 2014, India** issued a document known as the "11 Commandments of Modi", urging civil servants to streamline their work processes, clean up outdated government documents, and set clear work goalsIt is forbidden for all** to travel in first class and to hold meetings in five-star hotels.
In 2015, Modi even resisted pressure from conservatives and announced the cutting of the 65-year-old National Planning Commission and replacing it with the National Association for Reform of India.
In 2014, shortly after Modi came to power, the Supreme Court announced that all 214 mine permits approved between 1993 and 2010 would be revoked if they had not been started.
Six months later, Modi restarted the privatization of the mine. In the case of the privatization of controversial state-owned enterprises, Modi** has been slower.
This shows that Modi still adheres to the direction of marketization and privatization, and he is a typical marketist, after all, he has the gene to sell black tea.
Modi has also been actively working to help Indians find jobs, which is the right direction to win hearts and minds and stabilize the economy.
On September 25, 2014, Modi officially launched the "Make in India" plan, focusing on the development of infrastructure, digital networks, labor-intensive manufacturing, etc., determined to build India into a global manufacturing center, and change the economic growth model that is basically dependent on the service industry.
Modi ** wants to pass".Made in India"Plan,Increase the share of manufacturing in GDP from 16% to 25% by 2025, with the aim of creating 12 million new jobs per year.
Indian workers work in the workshop.
At the same time, India** has also eased access restrictions and exit mechanisms for foreign investors in key sectors such as defence, insurance, aviation, e-commerce and real estate, and has given preferential treatment to companies investing in manufacturing.
As long as he can make money, as long as he can help Indians find jobs, Modi wants to do it, and it is more pragmatic.
Taxation, finance, digital economy, smart cities, entrepreneurship policies, public health, etc., Modi is trying to push India towards a modern country.
Indians are really lucky to have Modi, so why do Indians support Modi to continue to do it?
Because there is really food to eat, and I really make money.
Money can stabilize people's hearts.
Modi's relations with most of the developed countries in the West have been very good, and it can even be said that they are getting better and better, and of course, it is also true that he has had a very unpleasant quarrel with Canada recently.
Professor Zhang Jiadong, director of the Center for South Asian Studies at Fudan University, once said that the so-called "equidistance diplomacy" pursued by India for a long time has played a good role, but after Modi came to power, the connotation of "balanced diplomacy" has changedThere has been a shift from "keeping a distance from all major countries" to "deepening relations with all major countries.", because to cooperate to make money.
According to the latest data released by the Ministry of Commerce of India,United StatesIn the 2022-2023 fiscal year (India's fiscal year is from April 1 to March 31 of the following year).Become India's largest partner
The bilateral ** amount between India and the United States in 2022-2023 reached 1,285$500 million. According to the Times of India, the United States is one of the few countries in India with a surplus. In FY 2022-2023, India's ** surplus with the US is $28 billion.
White House news in June: The United States and India have reached a series of cooperation agreements in semiconductors, artificial intelligence, space and other fields.
Minister of Foreign Affairs of JapanLin Fangzheng said in an interview with ** in India on July 28Emphasis is placed on relations with India, a representative emerging market and developing country。Hayashi Fangzheng visited the Indian subway, which was built with the help of Japan.
India is Germany's most important partner in South and Southeast AsiaThere are currently about 2,000 German companies in India。For German companies, India is a large market for products such as machinery, electronics, automobiles, etc.
German Vice Chancellor and Minister of Economy Habeck visited India from July 19 to 22, accompanied by a business delegation of business representatives. According to the report, the goal of Habeck's trip is to promote German companies to increase investment in India.
German Chancellor visits Indian Electric Vehicle Company.
Not only that, but India is busy signing various agreements.
India is in a hurry to "join the group" for the purpose of developing its economy.
Repairing infrastructure internally to improve efficiency, and building foreign trade with good fortune outside, Modi's interest in making money is very high.
India has experienced strong economic growth for a long time since the initiation of the process of major structural reforms and economic liberalization in 1991, with real GDP growth averaging around 65%。
The size of India's GDP and GDP per capita. Source: CICC Research Department.
In 2022, India's total nominal GDP was 3At $38 trillion (according to the World Bank), it jumped to become the world's fifth-largest economy, behind the United States, China, Japan and Germany.
As the world's fastest-growing major economy,This year, India's economy has emerged as a dark horse in the face of slowing global growth.
According to data released by India earlier, in the three months to September,Gross domestic product (GDP) grew by 76%, which is higher than economists' expectations and well above the RBI's 65%。
Crucially, the Reserve Bank of India (RBI) has raised interest rates six times since last year, interest rate hikes can still grow like this, so there are still two brushes in the Indian economy.
Judging by the trend of the SenseX index, it has been very stable. From 3,300 points in 2003 to 69,030 points now, it has increased 20 times in 20 yearsIf Indian investors hold the index** and do not move, everyone is Buffett.
The rapid growth of the economy is only the result of the correct policy direction and the efforts of the whole people to develop the economy, which is actually an economic law and is also expected.
On August 15, Indian Prime Minister Narendra Modi said on the country's independence anniversary that he pledged that India's economy would be among the top three in the world within five years.
Wearing a multi-coloured turban, Modi addressed the nation at the Red Fort in Delhi, located in the capital. Modi claims that his ** has made more than 1With 300 million people lifted out of poverty, a growing India is an opportunity for the world.
Modi is starting to float a little bit, and it's floating up in the sky.
On November 25, Modi became a pilot, and he really went to heaven.
Modi, dressed in a pilot's outfit, sat in the cockpit. When the fighter took off, Modi's smile bloomed, and he frequently waved and gave a thumb......s up to the fighter jet who was flying with him
Modi ** took his own flight**, with the caption: This is an unforgettable flight!The Tejas fighter is the pride of India and a demonstration of the strength and skills of 1.4 billion Indians.
Whether it's selling black tea or fighter jets, it's the same for Modi, anyway, it's about bringing rhythm and then selling things, and there's no other nonsense.
A leader takes to the sky in a fighter jet, and this is a new plane, there is a certain risk, Modi is really fighting, after all, he is 73 years old.
What is the future for India?Of course, it will not be an easy road, and there are many problems: according to the Indian Economic Monitoring Centre, the country's unemployment rate has risen over the past year, inflation remains high, and infrastructure still needs to be improved......
But Modi is fighting so hard, India's economic growth is soaring, India's ** is soaring, foreign capital and enterprises are flocking into India, what do you think India's future will be?
If you go the right way, money and people will automatically rush over, and this is history, and it is a history that is repeated repeatedly.
Kunpeng Project