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MobiKwik, an Indian fintech company, launched a 572 crore IPO. Starting as a digital wallet, it now offers various financial products, focusing on tier 2 and 3 cities. With a frugal approach and focus on innovation, the company has achieved profitability and aims to expand its user base and product offerings.
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Arvind Panagariya, Chairman of the 16th Finance Commission, expressed optimism about India's economic growth. He highlighted the significant progress made in the last 20 years, despite economic shocks, and projected India to become a major global player within the next decade. He emphasized the importance of addressing land and labor issues and advocated for equity investments over gold.
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A: Back in the day, fuel systems, gaskets and such were made using materials that didnt tolerate alcohol very well. That day is long gone.
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