What Rich Indian consider economy is largely discretionary spend by the middle , upper middle and the Rich. Infrastructure and Industries is what they assume is constitute the rest of the economy. Rising tide lift all boats and hence it is easy to ignore the tireless efforts of the millions who have slowly fought exceptional odds to push themselves out of poverty by those who sit at the top of the pyramid and when going is good.
As India went into the lock down 45 days back all those who count themselves the Economy of India are flat on the ground claiming they have no will and desire to fight the challenge. Airline , Hospitality and Real Estate are knocked out while Banks flush with funds cannot see, imagine or think about how to move forward from here. There is a interesting catch – catch being played between RBI and Banks with liquidity exchanging hands between the two while the rest of India, cash starved and seeking liquidity looks on wondering when the they would join this ball game.
Meanwhile we at Aavishkaar Capital made our first post lock-down investment in a company that is building a Grain Bank in Bihar. This investment happens right in the midst of the biggest calamity humanity has ever seen. We are investors like others and we are accountable for our decisions and surely Bihar is not the center of Indian economy and hence everyone looked at our move inquiringly.