Navneet Munot
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Wisdom of Wealth
The study of wealth is so fascinating. Having wealth is a dream for every human being. By pursuing different professions, we all chase wealth. These quotes contain a wealth of wisdom in a single line. These are timeless and immeasurable treasures of wisdom. Wealth is the product of man’s capacity to think. – Ayn Rand Markets always climb the wall of worry. – Rakesh Jhunjhunwala Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves. – Norm Franz Money: whether you have it or not, whether you want it or not, whether you like it or not, it will define your days. – Phil Knight Nine-tenth of wisdom consists in being wise in time. – Theodore Roosevelt Whenever you find yourself on the side of the majority, it’s time to pause and reflect. – Mark Twain Traditional wisdom is long on tradition and short on wisdom. – Warren Buffett Never mistake motion for action. – Earnest Hemmingway
The Eight Per Cent Solution
Author: Nikhil Gupta
language: en
Publisher: Bloomsbury Publishing
Release Date: 2023-08-26
IT IS A WONDERFUL STORY, but time after time in the decades since Independence, it stops short midway. India is poised for growth. The GDP is rising. The lumbering elephant is turning into a tiger. But the leap doesn't quite happen. There has been enormous change, but alongside the problems have also been rising. And for a large mass of people, it remains a future of brutal poverty. If India is to meet the needs of its people, it has to consistently generate enough jobs for the millions of youth who enter the job market every year, and build up an infrastructure in which there is enough to go round for education, health and security of its population. Nikhil Gupta, chief economist with a leading brokerage, has been a close observer of the policies and factors that help India grow. As he puts it, an economy consists of four participants-households, corporate, government and external-and just three activities: consumption, savings/investment and external trade. However, the lack of attention to the finances of the household sector and the unlisted corporate sector is shocking. As too the gap between the real and the financial economy. It is these and other gaps in this complicated scenario that Gupta tries to bridge. The Eight per cent Solution presents Gupta's version of a grand unified theory that brings in the neglected but important elements to show how India can finally achieve that elusive target of a higher phase of growth.