Aswath Damodaran warns that as global markets shift inward and politics reshape economic rules, India may face more resistance to growth than China did. He attributes this to a changing global environment post-2008 financial crisis, marked by a backlash against globalization and rise of nationalist movements. Damodaran emphasizes the impact of these shifts on company valuations, citing Tesla as an example of how changing narratives and political factors can affect stock prices.
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Climate change or Himalayan curse? What led to Uttarakahand cloudbursts
More than one cloudburst in Uttarkashi, Uttarakhand, triggered flash floods, causing significant damage in high-altitude villages during the monsoon season. Defined by the IMD as rainfall exceeding 100 mm per hour, cloudbursts pose increasing risks due to climate change, impacting densely populated Himalayan regions and necessitating stronger disaster management policies. Want More Context? 🔎
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