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When you look at the relative valuations, India in relation to Asia ex-Japan, that argument becomes even more egregious. India is on a forward PE basis trading at about 62% premium to Asia ex-Japan. The long-term average is 38%. On price to book it is between 80% to 90% premium.
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US President Donald Trump announced the dismissal of four senior officials appointed by his predecessor and hinted at the removal of over a thousand more. This move suggests a significant shift in his administration and indicates a potential overhaul of government institutions in the near future.
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News and Media
The inauguration of Donald Trump as U.S. President saw the attendance of the worlds wealthiest individuals, including Elon Musk, Jeff Bezos, and Mark Zuckerberg. Their significant presence and seating arrangements signal potential favorability in Trump's policies towards the wealthy and well-connected, raising concerns about oligarchic influence on democracy.
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