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Episode 12 of the Portico Podcast features a conversation with Gopal Jain — co-founder and Managing Partner of Gaja Capital — one of the leading private equity firms in India.
It was a real pleasure to speak with Gopal because he's lived through the boom-and-bust cycles within India's private equity industry.
Therefore, he's able to place today's environment in context, and impart some of the hard-earned lessons he's gleaned over the last two decades.
We cover a lot of territory in the episode, but I've been marinating on a few of Gopal's thoughts since our conversation:
- A couple decades ago, 80% of India's most talented engineers and entrepreneurs were migrating to the United States, whereas today, most are choosing to launch startups in India.
- Private equity could grow from $50B in deals / year to $100B over the next 5-10 years. If that happens, then India could detach from the EM complex and become a stand-alone allocation like China.
- The implementation of GST as India's "EU Moment."
- Gopal's "5+1" construct, which describes the foundational infrastructure that is accelerating India's digital transformation: broadband, smartphones, digital ID (Aadhaar), digital payments (UPI), delivery + GST.
Click on your preferred podcast player below, and enjoy the show.
And if you do, please share it with your friends, colleagues, and connections on social media.
Best wishes,
Mike
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