Mumbai: 2021 can turn into the year of Indian IPO with domestic Unicorn through public problems they set the “domestic stock market in fires and global investors in madness”, RBI article said on Tuesday.
Successful initial public offering (IPO) by new-age companies in the past few months is a reflection of blackness about Indian technology, he said.
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the growth of the impulse triggered financial markets.
2021 can turn into the year of India from the IPO.
Offer debut by Indian Unicorn – Start-up that is not registered – started by the application of food message messages that are over 38 times, have set the domestic stock market burning and global investors in madness, “said the central bank in an article about ‘Economics’.
This article was written by a team led by Deputy Governor of RBI Michael Debabrata Patra.
The central bank said the views expressed in the article were from the author and did not always represent the view of the reserve bank.
The RBI article refers to the IPO Zomato who gets excess request 38 times.
The next article said that “the listence of the proposal of $ 2.2 billion with the application of payment and financial services symbolizes investor excitement around India digitization – digital payment solution; e-commerce; These new-age companies arrived as a bullish of Mount India, especially around Tech India “.
Indian technology booming, he added, has long been awaited, with strong global and domestic appetite for what is widely believed to be a world-class business In the pipeline, regardless of the initial losses that mostly come from the discount of the business model adopted by them.
This list coincides with a broader Rush by Indian companies to knock markets and FOMO factors (fear of disappear) driving investors, who have taken the benchmark index To the note, said the RBI article.
“The new era has clearly started.
It is estimated that India has 100 Unicorn (Credit Suisse, 2021), with 10 newly made in 2019, 13 in 2020 regardless of pandemic and 3 months in 2021 so far.
They do it not depend on inherited wealth or dependence on bank loans or extra business connections, but on talent and innovative ideas.
These are children of liberalization, not from rich people, “he said.
Referring to recent updates by the Economist Mac Big Mac index, informal guidelines for currency assessment, RBI articles say that in the event that MAHARAJA MAC is currently is the fourth largest economy in the world.
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We decided to give the power of the Mac Currency Assessment that passed and turned it.
Seeing affordability or how many burgers who can buy the currency relative to the US dollar, we measure how many GDP countries are valued.
In the purchase of power provisions, “said the article.” Voila! The results uphold conventional wisdom – in terms of Mac Maharaja, India is currently the fourth largest economy in the world after China, US and Japan.
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2021 can turn into the year of IPO INDIA: RBI
