Latest news with #AkshatShrivastava
Economic Times
6 days ago
- Business
- Economic Times
'India not needed...': Finfluencer Akshat Shrivastava shares why the next 10 years will be tough for Indian stock markets
Synopsis Akshat Shrivastava warns that Indian stock markets may face challenges due to India's limited role in the global AI race. He argues that India lacks the advantages of cost-effectiveness or a premium consumer base, hindering its participation in the AI-driven economic transformation. This innovation gap, according to Shrivastava, will negatively impact India's relative economic standing and stock market performance. Agencies Indian markets Finance educator and content creator Akshat Shrivastava has said that Indian stock markets could face a challenging next decade, arguing that India does not have a meaningful role in the global artificial intelligence (AI) race. Shrivastava linked India's future economic and market performance to its relative position in global technological began by stating that economies are shaped by innovation cycles. From Dutch shipbuilding and the UK's Industrial Revolution to US-led factory automation, he said each major economic shift has been led by disruptive technology. 'Wealth does not appear out of thin air. It is systematically build on the back of technological innovation,' he to him, AI is now becoming that next core innovation shaping the global economy—comparable to the internet boom of the late 1990s. AI is driving transformations in energy, manufacturing, learning, and computing, he said, adding that with tools like large language models (LLMs), 'anyone can technically reap the benefits of coding, without being a coder.'Explaining the global innovation structure, Shrivastava referenced the 'hub and spoke' model, where a few countries act as innovation hubs while others operate as peripheral beneficiaries. In the past, India benefited from this structure by becoming a spoke in the US-led IT outsourcing boom. — Akshat_World (@Akshat_World) However, Shrivastava suggested India is missing out in the current wave. 'China and US: are in a AI race. China has already built massive energy reserves (US is catching up). US has already built massive tech reserves (and one could argue China is catching up). This is the new arms race,' he wrote. Shrivastava raised a direct question: 'Why is India needed in this AI race?' He dismissed three possible advantages—data harvesting, cost-effective infrastructure, and a large consumer market—as either already exhausted or ineffective in India's case.'Can we lower the cost for AI infrastructure? (we have very high cost of energy and poor leakages in infra; so we can't). We can't build giga-factories. This is the reason why our manufacturing sucks,' he wrote. On the demand side, he pointed out that 'getting users to pay 20$/month is a challenge for LLMs right now.'According to Shrivastava, India lacks both a cost advantage like China and a premium-paying consumer base like the US. 'So where does India fit in the AI race?' he asked, answering that the country may see isolated economic success stories but will fall behind in global comparison.'Now of course: as the world becomes more productive. India will benefit too. That's obvious. Standard of living will improve. But, 'compared' to other countries, it will fall,' he said. He blamed 'decades of regressive economic policies, unnecessary pride and inability to look at things rationally' for the current concluded that this innovation gap will reflect in the markets. 'All this will reflect into the stock market. There is a reason why since 2020: FIIs have been consistently existing our markets,' he said, referring to foreign institutional investors reducing their positions in India. (Disclaimer: This article is based on a user-generated post on X for informational purposes. has not independently verified the claims made in the post and does not vouch for their accuracy. The views expressed are those of the individual and do not necessarily reflect the views of Reader discretion is advised.)
Time of India
6 days ago
- Business
- Time of India
'India not needed...': Finfluencer Akshat Shrivastava shares why the next 10 years will be tough for Indian stock markets
India's missed opportunity in the 'hub and spoke' model Live Events No major role for India in AI value chain, says Shrivastava 'We are nowhere close to becoming a hub of innovation' Implications for stock markets (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Finance educator and content creator Akshat Shrivastava has said that Indian stock markets could face a challenging next decade, arguing that India does not have a meaningful role in the global artificial intelligence (AI) race. Shrivastava linked India's future economic and market performance to its relative position in global technological began by stating that economies are shaped by innovation cycles. From Dutch shipbuilding and the UK's Industrial Revolution to US-led factory automation, he said each major economic shift has been led by disruptive technology. 'Wealth does not appear out of thin air. It is systematically build on the back of technological innovation,' he to him, AI is now becoming that next core innovation shaping the global economy—comparable to the internet boom of the late 1990s. AI is driving transformations in energy, manufacturing, learning, and computing, he said, adding that with tools like large language models (LLMs), 'anyone can technically reap the benefits of coding, without being a coder.'Explaining the global innovation structure, Shrivastava referenced the 'hub and spoke' model, where a few countries act as innovation hubs while others operate as peripheral beneficiaries. In the past, India benefited from this structure by becoming a spoke in the US-led IT outsourcing Shrivastava suggested India is missing out in the current wave. 'China and US: are in a AI race . China has already built massive energy reserves (US is catching up). US has already built massive tech reserves (and one could argue China is catching up). This is the new arms race,' he raised a direct question: 'Why is India needed in this AI race?' He dismissed three possible advantages—data harvesting, cost-effective infrastructure, and a large consumer market—as either already exhausted or ineffective in India's case.'Can we lower the cost for AI infrastructure? (we have very high cost of energy and poor leakages in infra; so we can't). We can't build giga-factories. This is the reason why our manufacturing sucks,' he wrote. On the demand side, he pointed out that 'getting users to pay 20$/month is a challenge for LLMs right now.'According to Shrivastava, India lacks both a cost advantage like China and a premium-paying consumer base like the US. 'So where does India fit in the AI race?' he asked, answering that the country may see isolated economic success stories but will fall behind in global comparison.'Now of course: as the world becomes more productive. India will benefit too. That's obvious. Standard of living will improve. But, 'compared' to other countries, it will fall,' he said. He blamed 'decades of regressive economic policies, unnecessary pride and inability to look at things rationally' for the current concluded that this innovation gap will reflect in the markets. 'All this will reflect into the stock market. There is a reason why since 2020: FIIs have been consistently existing our markets,' he said, referring to foreign institutional investors reducing their positions in India.(Disclaimer: This article is based on a user-generated post on X for informational purposes. has not independently verified the claims made in the post and does not vouch for their accuracy. The views expressed are those of the individual and do not necessarily reflect the views of Reader discretion is advised.)
News18
01-08-2025
- Business
- News18
Investor On Why Trump's 25% Tariff Cannot Be Underrated: ‘...Waiting For Harry Potter 10 Release?'
Last Updated: US President Donald Trump announced a 25 per cent tariff and an 'unspecified' penalty on Indian goods. Investor Akshat Shrivastava has sparked a conversation over the growing trade friction between India and the US. In a detailed post on X (formerly Twitter), he explained how such policies could severely hit India's future to move from a low-income to a middle-income country. 'People don't understand the gravity of the US's high tariffs on India," Shrivastava wrote. He argued that India's 'per capita GDP is ranked 120+, we are a poor nation. And, they are trying to move to a middle-income country." He also added that the country is at a crucial stage where global partnerships are key to growth. 'We require as many partnerships as possible. Especially, with major trading blocks of the world. Alienating big economies is the fastest way to kill our growth prospects," he said and stressed that India is not aligned with China and that the US 'doesn't want us." 'Russia is a closed economy (even if they want us, it doesn't matter much)," he added. 'What Have We Been Waiting for? Harry Potter 10?' Shrivastava also pushed back at those calling for more self-reliance. 'It is easy to say: 'We should build our own capacity.' What have we been waiting for decades, then? Harry Potter 10 release?" he wrote. He mentioned that if building capacity were that easy, it would have already happened. He said India continues to struggle with manufacturing growth, and even the IT sector is 'facing headwinds & job losses." 'Schemes like Make in India have failed spectacularly to the point where we have sitting CMs inaugurating Tesla showrooms," the investor said. He also warned that 'AI is going to cut labour costs massively." 'Nations like the US are now industrialising by building giga-factories. 'Cheap labour" is not an advantage anymore," he continued. According to Shrivastava, 'We need the US's tech stack to build our next tech revolution (post IT), more than they need India's cheap labour." Mixed Reactions To Akshat Shrivastava's Perspective The post sparked a wide range of reactions online. Some users disagreed strongly, calling for a more self-respecting and independent stance. A user commented, 'Self-respect is a thing. Don't know about you, but I would prefer to starve to death rather than bend over to someone. But that's again my thing." Another said, 'We as a nation have overcome so many adversities, threats, sanctions etc. E.g.: Sanctions from the West after the Pokhran nuclear test. We are better off now. Tough times create strong opportunities. If China can do it, so can we." 'See, I agree that India does need global support to grow faster. But let's not ignore the shift: global giants are already moving supply chains to India. The world needs India too: cheap labour, large market, stable democracy. It's interdependence, not one-way need," someone noted. A person pointed out, 'U.S. tariffs hurt India's growth as a low-income nation aiming for middle-income status. They limit market access, strain partnerships, and risk isolation." Trump's Tariff Announcement And India's Response On July 30, U.S. President Donald Trump announced a 25 per cent tariff on imports from India, along with an 'unspecified" penalty on goods, even as trade negotiations between Washington and New Delhi continue. He initially pointed to India's ongoing purchase of Russian oil and its role in BRICS, a group the US increasingly sees as adversarial. But in a quick turnaround, he later said he didn't care what India did with Russia and hinted that a trade deal could still happen by the end of the week. While reiterating his friendship with India, Trump sharply criticised India's tariff policies, stating, 'They have one of the highest tariffs in the world. Now, they are willing to cut it very substantially. But we'll see what happens. It doesn't matter too much whether we have a deal or we charge them a certain tariff. But you'll know by the end of this week." top videos View all He also made a controversial remark about India's economy, referring to it as 'dead" and saying that New Delhi and Moscow could 'take their dead economies down together." Meanwhile, India said discussions with the US are still ongoing and stressed that it would take all necessary steps to safeguard national interests, particularly those of farmers, MSMEs and small entrepreneurs. News18's viral page features trending stories, videos, and memes, covering quirky incidents, social media buzz from india and around the world, Also Download the News18 App to stay updated! tags : business news donald trump viral news view comments Location : Delhi, India, India First Published: August 01, 2025, 08:56 IST News viral Investor On Why Trump's 25% Tariff Cannot Be Underrated: '...Waiting For Harry Potter 10 Release?' 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India Today
26-07-2025
- Business
- India Today
No hiring in India: Could Trump's new push disrupt tech jobs?
Donald Trump has called on Google, Apple, and other US tech giants to stop hiring in India and prioritise Americans instead. The statement, though not yet a policy, has triggered concern across India's white-collar job sector, especially among engineering and management graduates aiming for roles in global tech enforced, the impact could be sharp: from IIT placement trends to mid-level tech hiring, from GCC operations to India's growing dependence on global companies for high-skilled and Wisdom Hatch Founder Akshat Shrivastava said on X that the chances for Indian jobseekers are LET'S UNDERSTAND HOW THE HIRING WORKS American tech companies don't just hire from India. Some also build in India, including the Google, Apple, and Microsoft, all have large operations here, often in the form of Global Capability Centres (GCCs).These giants maintain a presence in India where professionals are at the task of building products, writing code, testing machines, overseeing global employs around 10,000 people in India. Microsoft has over 18,000 employees here. These are for operations across the has around 5,000 direct employees in India, and thousands more in its supplier network and development of these jobs are not for call centres or support. The core development roles, white-collar positions, are in play that attract graduates from IITs, NITs, IIITs, and even Tier-2 colleges.A pronounced number of these roles are built for India but are part of global projects. And yes, some top-tier students are hired directly to go to the US exactly the pipe Trump wants to close."There's no denying that companies like Google and Apple have long symbolised the 'dream job' for many Indian students, and rightfully so. Indian talent has been a major contributor to the global tech revolution, not just as employees but as leaders," says Neelakantha Bhanu, Founder and CEO of Bhanzu, and title holder of 'World's Fastest Human Calculator'."However, if such hiring freezes become a reality, it will be a wake-up call, not in fear, but in perspective," he says."The world is changing, and so are opportunities. India today is not just a source of talent, but a builder of global products," Bhanu adds. WHAT HAPPENS TO IIT AND IIM PLACEMENTS?Every December, the buzz begins: placement season. But behind the success stories, there's a truth not often told -- many students don't land dream IITians, despite the brand tag, end up in jobs that pay Rs 8-10 lakh per annum or less. Not because they aren't brilliant. But because not everyone gets picked by Google, Microsoft, or a US -- based startup with a fancy from IITs from 2023-2024 show that even in top IITs, 20-25% of students were still unplaced at the end of the obtained through RTI requests filed by IIT Kanpur alumnus Dheeraj Singh shows that nearly 8,000 students, around 38% across 23 IITs, remain unplaced in the year IIMs, especially the older ones, place most students in India-based roles, consulting, banking, and management BIG PICTURE: INDIA'S WHITE-COLLAR WALL COULD CRACKTrump's statement comes at a time when India is producing more engineers than it can absorb. Private colleges, deemed universities, and even Tier-1 institutes are churning out thousands of tech graduates each year. But demand has 51.25% of graduates amongst the graduates in India are considered employable, highlighting persistent gaps in vocational training and skill development, as per the Economic Survey turns out nearly 15 lakh engineering graduates each year, yet only 10-15% among them find employment, as noted in a report by has kept things afloat over the past decade is the globalisation of Indian tech talent. US -- Mbased hiring, remote work, global team integration, and GCC expansion have created a top 10% of tech graduates, those who would go abroad or work on US -- facing roles from India, may have to compete in a shrinking domestic market. And this creates a domino effect down the ladder."If US tech companies stop hiring from India, it'll cost them more than us. India has long been their strongest talent pool, from engineers to CEOs. Some students may miss out on overseas roles, but fewer than 2% of IIT graduates go abroad now," says Nishant Chandra, Co-founder, Newton School."Most choose to stay and lead from India. This shift could actually benefit us by putting focus on skills over pedigree," he SMALLER STARTUPS FOLLOW SUIT?Possibly. If the bigger players hit pause, mid-sized companies may rethink their hiring plans too, especially those who build for US clients or rely on US venture capital. And in India's startup ecosystem, perception drives could delay hiring cycles, reduce internship opportunities, and force more candidates to settle for lower Group Founder Ankur Agarwal, a top executive search firm, sums it up: 'These Trump rules, if enforced strictly, will definitely impact placements in IITs as the top US companies recruit quite a bit from these campuses for their US -- based tech development. IIMs are usually used to hire for India roles only, so they will not be impacted.""The real impact will be felt by the GCCs, though, which have become an important recruiter for top quartile tech talent. However, the actual impact will depend on how strictly companies comply with this directive and whether it becomes formal policy, as the US still faces significant tech talent shortages that make complete elimination of overseas hiring challenging," he NEXT?Nobody knows if Trump's statement will become law. But it's already a signal."Our institutions, our ecosystems, and our ambitions are ready. And as someone who chose to stay and build here, I can say that there's never been a more exciting time to be in India. We're not just producing global talent anymore. We're producing global solutions," says time to prepare is now, not just with coding skills, but with adaptability, global exposure, and maybe even a Plan B that doesn't rely on a Silicon Valley zip code.- Ends advertisement
India Today
24-07-2025
- Business
- India Today
Small shopkeepers are turning away from UPI payments
India's journey towards becoming a cashless economy is facing a reality check as small shopkeepers are increasingly rejecting UPI in favour of cash. Financial educator and investor Akshat Shrivastava attributes this shift to rising compliance costs, taxation worries, and systems that don't work for SMALL VENDORS PREFER CASH TO DIGITALAkshat Shrivastava writes in a LinkedIn post, 'Small businesses have very small profit margins to begin with. If they register under GST, they would have to start adding GST to their final bills. This could be upward of 18%.' This tax raises product prices and drives away customers. 'The seller wants to sell more. The buyer wants to buy cheap. Additional 'GST' drops sales,' he concerns are echoed on the ground. According to a report by Moneycontrol, Karnataka's GST department issued notices to nearly 14,000 unregistered traders after analysing their UPI receipts, which showed annual digital transactions exceeding Rs 40 lakh. This triggered panic among vendors in places like Bengaluru and Hubballi, many of whom immediately removed their UPI QR codes and reverted to accepting only cash. The Times of India also reported that some retailers even displayed handwritten signs saying 'No UPI, only cash', fearing tax scrutiny and heavy SYSTEM ISN'T BUILT FOR SMALL BUSINESSESShrivastava further explains that most small vendors don't maintain separate business and personal bank accounts. 'A father running a shop would take money on behalf of their son, daughter, wife, brother, etc. All this can be tagged as 'income'. And GST can be slapped on that,' he also questions the expectations placed on micro-businesses: 'Expecting small shopkeepers to do sophisticated accounting is stupidity,' he says. While some vendors may avoid taxes, Shrivastava argues that enforcement efforts should be better directed. 'Hunting small guys? That's what the priority is? When you let political parties, IPL dudes, corporate honchos run free?' he complains,'Thousands of crores are outright wasted and syphoned off. But, the focus is to grab hundreds of crores, while forgoing thousands.'According to the National Payments Corporation of India (NPCI), UPI saw over 14.04 billion transactions in June 2024. Yet, for many at the grassroots, the system seems too complex and risky to fully embrace. A field study by the Centre for Effective Global Action (CEGA) at UC Berkeley also found that around 58% of small merchants in Jaipur still preferred cash, using it for over 80% of transactions, even when digital options were small shopkeepers quietly go back to cash, it raises urgent questions about whether India's digital payment ecosystem is truly inclusive or it is just built for those already ahead.- EndsMust Watch
