This Article is From Jan 08, 2022

Prannoy Roy, Investor Ruchir Sharma On 2022's Top 10 Trends: Highlights

The show discusses how will India do versus the rest of the world in 2022, the politics, the macro, global relations and all the relevant data

Prannoy Roy discusses the top 10 trends of global economy with Ruchir Sharma

New Delhi:

NDTV's Prannoy Roy discusses the top 10 trends of global economy in 2022 with global investor and author Ruchir Sharma. According to Mr Sharma, inflation behaved a bit better, especially at the consumer price level, and so in fact India's inflation rankings improved on a global basis in 2021. This year, Mr Sharma says interest rates are set to rise even further and that could deflate some of the optimism and some of the "Bubblets" out there.

Here are the highlights from Prannoy Roy's show:

Jan 08, 2022 22:23 (IST)
"Old Economy" Still In Demand
Ruchir Sharma: A lot of echo is here, right? Even with the 'greenflation' theme that where is the new investment going and where is demand? So, of course the new economy is becoming more and more important. There's an explosion in digitization as we have shown. But people are still demanding homes, still demanding cars, still demanding commodities. And I think that not enough investment is going in those places and there's too much investment going in the new economy. So that for me is like a common theme I think that runs through these 10 trends.
Jan 08, 2022 22:21 (IST)
Demand For "Old Economy" Is Still High And Rising
Jan 08, 2022 22:20 (IST)
Investment In "New Economy" Overtakes "Old Economy"
Jan 08, 2022 22:20 (IST)
Metaverse: Rising Hype For Virtual Economy
Jan 08, 2022 22:18 (IST)
Retail Investors Dominating
Ruchir Sharma: Retail investors are now dominating this market. More than half the volume on the stock exchanges now is retail investor volume. You know, small investors speculating a lot. In places like the United States, they tend to do a lot of day trading. Buying very low value options and other kind of instruments to play in the market. So, it is concerning.
Jan 08, 2022 22:16 (IST)
Major Change In Types Of Investors
Jan 08, 2022 22:16 (IST)
Rise In Small Investors
Jan 08, 2022 22:14 (IST)
Good Idea Gone Too Far
Jan 08, 2022 22:14 (IST)
Bubblets Fall 70% In 2-3 Years, Historically
Jan 08, 2022 22:14 (IST)
Identifying Bubblets
Jan 08, 2022 22:13 (IST)
What's A Bubblet?
Ruchir Sharma: Yes. So, we have all heard about Bubbles. Obviously, the issue with it is how do you value a Bubble? How do you know something's a Bubble? I have come up with this new concept of Bubblets. So, what's the difference? Bubbles are something I think are very big and cover very big markets... I think the difference is Bubble covers a very big part of the market and Bubblet covers a very specific, smaller part of the market.
Jan 08, 2022 22:11 (IST)
Reasons For Data Localisation
Jan 08, 2022 22:11 (IST)
World's 5 Most Aggressive Data Regulators
Jan 08, 2022 22:10 (IST)
Data Nationalism
Ruchir Sharma: This is a very new development because we spoke a lot about de-globalisation. By that, we have generally referred to increasing protectionism in the trade of goods and services, sometimes even capital and migrant flows. But the assumption everybody had, even a couple of years ago, is that data had no borders. So, it would keep crossing borders and that trend would go on. The importance of data is huge now.
Jan 08, 2022 22:08 (IST)
More Hours, Less Output During Pandemic
Jan 08, 2022 22:07 (IST)
Work From Home Amid Pandemic
Jan 08, 2022 22:06 (IST)
Inflation: Two Steps Forward, One Backward
Ruchir Sharma: Inflation in my forecast is a two steps forward, one step back process... In general, the government's spending is likely to keep going up but the stimulus was heavy and intense in 2020 and 2021.
Jan 08, 2022 22:04 (IST)
Investment In Oil And Minerals
Jan 08, 2022 22:03 (IST)
India Is Vulnerable To 'Greenflation'
Jan 08, 2022 22:02 (IST)
Demand For "Green" Metals Rising
Jan 08, 2022 22:02 (IST)
Tech Advances Can Still Restrain Prices
Jan 08, 2022 22:01 (IST)
Government Stimulus Set To Fall
Jan 08, 2022 22:00 (IST)
India's Debt to GDP Ratio
Ruchir Sharma: At one level, India's debt to GDP ratio not above 300 per cent is fine... For a country with per capita income just under $3,000, India's debt to GDP, overall debt to GDP is quite high.
Jan 08, 2022 21:59 (IST)
India's Debt High Compared With Similar Economies

Jan 08, 2022 21:58 (IST)
Global Debt Spiked
Jan 08, 2022 21:56 (IST)
Debt Trap Due To Pandemic
Ruchir Sharma: Yes, it (debt) spiked during the pandemic and has taken even more countries deeply into debt. So, you can see here, the trend over the last two or three decades that, you know, when I first got into this business of investing, there was not a single country in this world which had a debt-to-GDP ratio of more than 300 per cent.
Jan 08, 2022 21:55 (IST)
China Debt Mounting Faster Than Developing Countries
Jan 08, 2022 21:54 (IST)
China's Trade With India
Jan 08, 2022 21:54 (IST)
China's Contribution To Global Growth Falling
Jan 08, 2022 21:53 (IST)
Birth Rates Fall As Covid Spreads
Jan 08, 2022 21:52 (IST)
India's Birth Rate
Jan 08, 2022 21:52 (IST)
India's Birth Rates Below Global Average For First Time
Jan 08, 2022 21:49 (IST)
Pandemic Shaped How People Work
Ruchir Sharma: One of the fascinating things about this crisis that has been this entire pandemic, that if you look at it most crises in the past typically half of the crises breaks out, the world is turned upside down. A defining feature of this crisis was that many of the trends that were already in place before the pandemic broke out have merely been accelerated by this pandemic. Now some of the strengths completely make sense such as increased digitisation with people working more from home so that makes sense. But this thing I think has been a bit counter-intuitive...
Jan 08, 2022 21:44 (IST)
Data Consumption
Ruchir Sharma: The kind of data we consumed over the past year is equivalent to the entire data that was consumed until the year 2016. So, really, the way the digital revolution is spreading is quite fascinating.
Jan 08, 2022 21:43 (IST)
Mobile Phone Usage Accelerated
Jan 08, 2022 21:42 (IST)
Developing Countries Continue To Perform Poorly
Jan 08, 2022 21:41 (IST)
Commodity Prices
Jan 08, 2022 21:41 (IST)
Bitcoin Vs US Dollar
Jan 08, 2022 21:40 (IST)
House Prices Rose
Jan 08, 2022 21:39 (IST)
Was Bad Year For Property Market
Ruchir Sharma: It's been a terrible year for the property markets in India as we know over the last decade with property prices barely rising, but finally we are seeing sales are picking up, supply has been constrained, inventories are falling and in the major cities, prices are beginning to rise. So yes, it's been a very good time to buy property around the world, in fact almost too good. It's taking many people to think that property prices are becoming unaffordable and that's a major political issue growing in many countries. In India's case not so as yet because the affordability still remains relatively good for many people, even though I know that everybody wants it to be cheaper, but generally property prices have been quite low, but I think they have started to rise and set to rise further in the year ahead.
Jan 08, 2022 21:37 (IST)
Global Interest Rates
Jan 08, 2022 21:37 (IST)
Global Inflation
Jan 08, 2022 21:34 (IST)
Growth Surged Last Year
Jan 08, 2022 21:33 (IST)
Something To Cheer About For India
Ruchir Sharma: Yes, we looked at about 60 odd stock markets around the world for which data is available and so India was in the top quartile, in fact India's exact rank was around 13th or so of the 60 stock markets around the world in dollar terms and it's just I guess a sheer coincidence that the two worst performing markets and absolute worst were China and Pakistan. So, something I guess, a lot of Indians would like to cheer about.
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