저자: LarryFink · 외국인
요약 보기
래리 핑크는 단기 정치·관세 이슈보다 인도의 장기 성장(20~25년 관점)에 주목해야 한다고 주장한다. 스마트폰·5G 확산과 디지털 루피(UPI 등)로 인한 상거래 변화를 근거로 들며, 인도 경제가 향후 10년 이상 8~10%대 성장할 것으로 본다고 말한다. 또한 수억 명의 인도인이 성장에 연동해 장기 투자에 참여해야 하며, 이것이 국내 자본시장 발전의 핵심이라고 강조한다. 개인 투자자에게는 단기 변동보다 장기 보유 관점을 권고한다.
다듬은 글
about the world order or the world disorder. So, let's get started with that. We're talking about investing in a new era. What are the the changes that you foresee that will shape the investment choices, the investment decisions of leaders like you as we look at this new era? Well, first of all, it's great to be here in Mumbai.
It's great to spend time with my partner Mukesh and the entire Reliance NGO team. So, it's a it's a real honor to be here. Uh weather is nicer here than it is in Davos and much nicer than New York where I had our board meeting last week. So it's good to be here. Um [clears throat] you know we talk about a new war era to give people a foundational understanding where we are.
Um but um as an investor I don't look at any error. I mean, our job is to be having people focus on the real opportunities to invest over over a lifetime. There's so much information that confuses people. Um, [clears throat] media talks about the moment, the velocity of money, and the reality is for most people, they need to be in a position to grow with each each and everyone's country.
So when you think about the growth of India, it's not a quarter, it's not a day or week, it's not a year, it's it's a it's over a long horizon. And you could say maybe this is the era for India and over the next 20 25 years. But if you use that as a foundational paradigm that we all want to think about the era of India, forget about the era of investing for a second.
But the era of India, the key for us, the key for GEO Black Rockck is to compel more people to understand what does that mean the era of India and how do you participate in it? what we've learned in the United States for that that segment of the population that had invested with the growth of America, they're far better off than those who just kept all their money in a bank account.
And so the key is if you believe in the era of India, forget about the era of India investment, the era of India, which I believe in, we need to get more people investing alongside the growth of the country. And that's the role of the capital markets. That's the role of what we can be doing together.
And to me, whether it's, you know, you want to focus on AI, you want to focus on how we live, how we grow, how we educate ourselves, to me those are subsets of the the era of India and the opportunity to be an investor alongside the growth of India. And to me, that's a compelling story. It's not about, you know, about Paris or President Trump or any anything else that's top of mind.
We need to be compelling people to think about the horizon of investing over a long period of time. Grow with the great companies of India to be a part of that and to participate in that. And I I I'm absolutely convinced if you believe in that the era of India, we need to compel hundreds of millions of Indians to invest alongside the growth of India.
And that will actually transform India in so many ways because as more and more families invest alongside the growth of India, India has less needs for the importation of capital. And I do believe the combination of importation of capital by from foreign investors who believe in the era of India. But the fundamental foundation of any country is having the domestic economy being built on the back of retirement savings on the back of excess savings to invest alongside of that.
Well, thank you very much for those opening remarks and uh you know the error of India says Larry Fring that is certainly going to be one of the headlines that that goes out uh uh this evening. But if I could ask you to explain to us what excites you the most about India. You referenced the tariffs and uh you know we've had a deal with the US overnight.
President Trump and Prime Minister Modi have signed off on that [clears throat] reciprocal tariff agreement. Uh so the overhang has lifted at least on one aspect of that relationship. How crucial a development is that and what excites you the most about India today? Well, let's be clear. Over 20 years, it had no bearing.
Maybe over the next six months or a year, it had some significant bearing. But over time, the [clears throat] f the foundational issues of India, how it's able to leapfrog. I mean, you you watch what what has over the last I would say since the era of the smartphone and I think that's a pivotal point.
2012 was I mean think about your life before the smartphone here in India but the beginning of the smartphone the roll out of 5G and how that transformed India in so many ways when you think about how the Modi administration digitized the rupee and how it transformed commerce in India across the board.
I am very worried about other countries even the United States is falling behind. We need to be digitizing. We need to be thinking about how this all plays out. I think this is this is part of the democratization of India and it's a it and and so now India is a leader in this and so I I could cite many things that give me op optimism but the fundamental opportunity is is the huge intellectualism of India that transform what technology whether the technology was created in the US or somewhere else in the world the dispersion of that technology in India is really what is so inspire iring and the utilization of the new technology for more and more people and how that transforms commerce consumption information uh education all of that is ripe for real solid growth um and I I agree that India has over the next 10 plus years it's it's going to grow anywhere from you know 8 to 12% probably hovering around 8 to 10 and that's a place where I would have personally invested and and what we need to do is compelling more Indians to invest alongside that growth.
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