India’s big bull investor Rakesh Jhunjhunwala believes that Indian economy is going through its bull run and the country is in line to approach its biggest bull. While giving an interview to The Print he cleared several doubts on the Indian economy and projected his perspective for the approaching time of India’s economy.
He said currently he is carrying the highest leverage of his life and became bullish by April-May, 2020. He is also very optimistic that in the next three to four years the country will be witnessing double-digit growth. He is also hopeful that in the coming 25 years Indian economy will surpass the Chinese, even though it is five times bigger at present.
During his interview he also slammed the former RBI Governor Raghuram Rajan for his double standards on the present farm laws. He said, “Does Raghuram Rajan have one good word for what India has done in the last five years? I want to take him up. He keeps criticising the government”. He added,“Rajan only sees darkness and no light”.
The ace investor cited the current farmer’s agitation as an example of how difficult it is to bring reforms in the nation. Expressing his budget expectations, he said that individuals would be shocked after the Union Budget 2021. “In the budget, I expect that there will be no taxes, a substantial increase in expenditure and a 6.5 to 7 per cent fiscal deficit”, he said.