Indigenous Investors Weekly Insights!
Top 3 well curated stories from the stable of Indigenous Investors incase you missed them. These can range from finance to sports, depends on what made the headlines. Stay tuned.
This week, we cover the following-
Story #1: A billion dollar cue for economy from Coldplay’s record braking concert (click here)
Coldplay’s 5 performances in Mumbai and Ahmedabad combined have attracted an estimated 4.5 lakh fans, garnering an over INR 500 crores (USD 58 million) only in ticket sales. The market for ticketing via concerts for 2025 is estimated to be over INR 1900 crores (USD 223 million).
The Indian live events market is expected to grow at CAGR of 17.6%. India ranks 7th globally in ticket revenue, driven by rising disposable incomes and a young, music-hungry population.
Story #2: Deepseek’s ripple effect on the Indian IT Industry (click here)
As soon as the news broke about Deepseek’s capabilities and global acceptance, we saw a panic selling in the US with Nasdaq falling over 3% on Monday. The US government has imposed various export controls to restrict the sale of high-performance AI GPUs to China. However, the biggest shock to the world - and particularly the tech giants in the US - was how the Chinese achieved a substantially better AI product with fraction of computing capabilities and a meagre investment of USD 5 million compared to the billions of dollars invested by the US giants.
On top of this, Deepseek has democratised its AI with its open source model - meaning anyone can use Deepseek as its base to create their own AI models.
In India, however, the mood is that of ‘wait and watch’. There is acceptance of the fact that the results generated by Deepseek are accurate, however, it will have to pass through several layers before its adoption at enterprise level. Indian tech giants have a global customer base and due its Chinese origin, Deepseek is susceptible to get in the middle of crossfire due to trade wars and geopolitics. Also, a large chunk of customer base is in regulated industries which adds another layer of challenges in adopting Deepseek at enterprise level.
Story #3: FM Nirmala Sitharaman to table budget today at 11AM (click here)
All eyes will be on the Finance Minister as she presents the budget today. There is a buzz that the government has planned something big to maintain India’s status as the fastest growing economy in the world.
Whether the budget will be a populous one focusing on increasing rural consumption or will promise government CAPEX in infrastructure to keep the growth engine running will need to be seen.
I will write a separate article giving you the highlights of the budget and keep the language straight and simple so that the readers who are not well versed with how things work understand the intricacies.