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'Behold the Leviathan' is a book authored by our CIO, Saurabh Mukherjea and our Economist, Nandita Rajhansa which speaks multiple aspects about the Rise of Modern India.
Modern India's rise is both unusual and unexpected. It is unusual because some of the sharpest economic improvements are being observed in those sections of Indian society which were thought to be the most disadvantaged: women, oppressed castes and rural India. It is unexpected because of the widespread view. Until a couple of years ago, India's democratic construct was inferior to China's single-party state.
In Behold the Leviathan, Saurabh and Nandita, provide a gripping picture of how 1.5 billion Indians are combining to spectacular effect to create a range of social and economic outcomes which have no precedent in any emerging economy. For example, India now has as many chess grandmasters as the United States, and the expertise of its scientists has guided India's space modules to the dark side of the moon, a feat no other country has achieved!
Through pathbreaking research over a period of two years, the authors have also explored why the vast majority of India's companies are struggling to grow their profits even as a small minority of these companies have gone on to build globe-girdling franchises worth tens of billions of dollars.
Watch the podcast to learn more.
The book is available on Amazon and in book stores nearby.
To buy the book on Amazon, please visit: shorturl.at/eqjK1
Note: The above material is neither investment research, nor investment advice. The authors Saurabh Mukherjea and Nandita Rajhansa are part of Marcellus Investment Managers Private Limited.