Some recent events in my personal life has instilled my faith in our economy. These are not investment thesis or sort. I just wanted to share my experience.
A few days back my mobile started malfunctioning and it cost me 1500rs to repair it and the very next day my laptop started malfunctioning. This time the cost came up to 12500rs. This time I did not have provision for such an emergency. I did keep some balance but it wasn’t enough. So I realized the need to have a separate account, different from my savings one. So I started to look for 0 balance accounts. To my surprise which started as a 15min search for a 0 balance account, ended up with me having a bank account within 15mins. The kind if service I got amazed me. Now I will receive my debit card and all next week.
Now second incident happened really early in the morning. I left my house at 6am in the morning and this Rickshawala came up to me and asked me if I had money in my bank. I got scared since this was a strange incident. But he desperately asked me to recharge his data balance because somehow he forgot to do it yesterday. He dropped me off till station for free and gave me the recharge money plus some extra cash. The kind of desperation I saw on his face for data, made me so positive about the whole data thing.
So recently I started counting EVs I see on the road. Which used to be like one in a week or so shot up to more than 20 a day. This is so good for the whole EV industry. With the importance for charging infrastructure growing each day, cable industry, RE generating companies,etc will have huge potential to grow in coming years.
These are really small incidents but do instill your hope in Indian Economy. In this time of uncertainty, I felt good and extremely positive of staying invested in the market. I do have some concerns of inflation and the whole oil crisis scenario but challenges only makes one strong. So staying invested the whole time. Do not want to miss any opportunity.
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