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    Here's what Rakesh Jhunjhunwala has to say about India's economy, stock market and investments

    market | IST

    Here's what Rakesh Jhunjhunwala has to say about India's economy, stock market and investments

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    Ace investor Rakesh Jhunjhunwala on Friday said India's growth is inevitable and that makes him bullish on the country.  "I see no reason that India can't grow in double digits, as basic ingredients still hold true for India," he told CNBC's Ramesh Damani.

    Ace investor Rakesh Jhunjhunwala in a interview with Ramesh Damani spoke about life, his journey in the stock market and about India's growth, which he feels is inevitable and this is something that makes him bullish on the country.
    "I see no reason that India can't grow in double digits, as basic ingredients still hold true for India," Jhunjhunwala said.
    Ahead of his birthday, here's what Jhunjhunwala had to tell Damani in a free-wheeling chat.
    "
    When leverage goes against you
    "Basic ingredients still hold true for India and my investments are always on risk/reward. When leverage goes against you, you need to be emotionless and cut losses," he explained.
    When is the best time to create wealth?
    Biggest wealth is created when there is a change. "Misjudging management hurts me the most," he added.
    Jhunjhunwala's investment in unlisted companies
    "Will never have a career other than the stock market. I am an investor in 8-10 unlisted companies right now."
    Power of independent thinking
    "I will tell my kids to develop independent thinking."
    Jhunjhunwala lamented that wealth in isolation means nothing and revealed that he made a lot of money during the 1993 budget.
    On CNBC-TV18's special show Wizards of Dalal Street, Damani spoke to the ace investor to know more about his journey.
    Watch the video for more.
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