Dear friends and well-wishers of Kampani Capital,
Greetings from a very, very wet July in Mumbai. We still have a few days left in this month but the rain gods have smashed all records. Clearly, climate change is well and truly upon us and its upto all of us to ensure that we leave atleast some part of the environment unchanged to our next generations.
The rains aside July saw a couple of landmark events for the Indian/World Economy and no I am not talking about the Union Budget 2024 – I am sure you have seen multiple analyses of the budget across all social media. A more low key event coming a day before the Union Budget is the Economic Survey, which provides some fantastic insights into which direction the Indian Economy is heading. One of the findings of the 2024 survey was that ~ 20% of Indian Households are now investing in Financial Instruments- a clear testimony to the post pandemic surge of savvier investors aided by the growth of low cost broking houses. While the number is not very large, it does indicates that there are lot more households that will move away from traditional investments like gold and Real Estate in the next 5-10 years! I also happened to land on the amazing statistic that India is now home to close to 1.2 Lakh GOI recognised start-ups (the number was 300 in 2016!) Interestingly some of the Family Offices we work with are now showing good appetite for start-ups in tech/climate/digital infrastructure/robotics and the like.The only cloudy element of the Economic Survey was the need for job creation over the next few years and we hope that sunshine sectors like Semiconductors, Electronic Manufacturing, Hospitality and Infrastructure will shoulder some load over the next 2-3 years.
Let me now thank all our clients, partners and wellwishers who took out time to meet Sowmya and me in Mumbai over the last few weeks. We couldn’t make it to Pune due to the rain gods playing truant but hope to be there soon.I cant end this newsletter without talking about the 2nd big event which has all of us geared up – yes it’s the Paris Olympics !! Its time for Citius, Altius and Fortius and best wishes to all our French partners/ family office clients who will be hosting top sporstpersons from across the globe.India too has sent a strong contingent and we hope to better the Tokyo number..Let the games begin!
Amar Kampani
CEO and Founder,
Kampani Capital (a division of Anak Consulting LLP)
27th July 2024
