‘India won’t have China’s luck’: Aswath Damodaran’s stark warning on global hostility and growth

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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