#NikhilKamath Co-founder of Zerodha and Gruhas Host of 'WTF is' & 'People By WTF' Podcast Twitter: https://x.com/nikhilkamathcio/ Instagram: https://www.instagram.com/nikhilkamathcio/ LinkedIn: https://www.linkedin.com/in/nikhilkamathcio?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_app Facebook: https://www.facebook.com/nikhilkamathcio/ #WTFiswithnikhilkamath #PeopleByWTF
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'these 3 ARBITRARY AGENCIES' 😅😅...liked that term for those 3 agencies. S&P should have been barred and made bankrupt because of their role in rating junk CDOs as high rated securities
Lol india has one of THE most corrupt construction and public infra, the cost of borrowing will significantly increase since there is not much oversight on the borrowings and the repayment.
These are NOT arbitrary agencies and these agencies giving us poor rating is also NOT arbitrary. We are famous for being the most corrupt country governed by greedy dishonest politicians and an incompetent administration. Nothing is arbitrary.
No. Its primarily a result of budgeting
Cost of borrowing also depends on who is borrowing and how corrupt the borrower is
Govt should bring more prominently the Brics rating agency that was ideated. All Brics members should be made to give it more weightage than the other 3
Kazakhstan often enjoys lower (better) sovereign borrowing interest rates than India primarily because of its exceptionally low government debt-to-GDP ratio (around 24%) and massive sovereign wealth reserves. Rating agencies base their assessments on structural and fiscal metrics rather than a bias against India.
It's political...
The better question to ask is, are the powers that be lending to us at the rate they are because of the rating agencies or are the rating agencies rating us the way they are because of the powers that be.
Are the borrowing rules based on the country's economic conditions...where we may be ranking higher possibly...or lower and hence get penalized with a higher rate
Those agencies don't want India to become developed and challenge world order. Every percentage point diff. is causing our country's higher interest repayments and limiting borrowing capacity
Fiscal deficit and inflation will decide rate of interest Nothing else matters
It's because no one wants to save dollars😢
6.5% interest rate === 65% of government employees are corrupt
Our politicians probably aren't thinking about this right now. If they ever take a break from religious politics, they might start thinking about how to bring Pakistan into their next topic.😂
Bro we are a backward uncivilized country where people don't pay back their loans. It's not the same. It's not about population but culture
the cost of racism indirectly
yes, ita biased reports always trying to undermine india since 1800
Size doesn’t mean anything. Nikhil is wrong about this. India has lots of corruption and its economic system is not stable yet
This is false, i have no idea how he makes money trading when he says stupid stuff like that. Bonds markets is the biggest market with most sophisticated traders and investors, I don’t think they govern a damn about rating agencies.