‘Future is bright' – Uday Kotak

India is well positioned to regain its share of global GDP. Extreme pessimism over the past few days appears overdone as things are never as bad as they look, and the economy usually turns around and keeps growing. The next 3-6 months will be crucial and should see some recovery. Expect very good opportunity for making long-term investment bets in the next 6 months.

Wealth management and financial services will have to be digital savvy as competition will intensify with the advent of AI and machine learning in investment advisory. That said Human advice will always be valued. Key takeaways are as below:

Global GDP chart from 1AD - China and India had more than 25% share (India peaked at 40%). Average GDP share of China over 2000 years vs today is at parity. India is down to 4-5% and has big catch up ahead.

Thanks to Trump - total pot of GDP is reducing with trade wars and helping India to scale up faster to regain share. India has a good opportunity to regain world GDP share in the near future.

Level of pessimism seen over past 3 days - believes things are never as bad as they look nor as good as they look. Key is your ability to manage transformations.

75% of global sovereign bonds are at yields below 2%, 35% are at negative yield. 10y German bond yield is -0.5% - wondering why institutional investors are investing in it. India is starved for investment and infrastructure with large working population - best positioned to benefit from global liquidity.

First big challenge is to take a bold view - government has that opportunity. They are barely two months in and have a long time to get things right in this term.