The Peak Daily
India bound 🇮🇳 — Manufacturers are moving production to India. Citadel is the best performing hedge fund ever. And laptop companies are trying something new.
Jan 24, 2023
Ken Griffin's Citadel replaces Ray Dalio's Bridgewater as the most successful hedge fund ever. Laptop companies are trying new strategies due to declining sales. Offshoring manufacturing to India is the latest trend.
07:55
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Quick takeaways
- India is becoming an attractive manufacturing destination due to its young population and increasing investments, presenting an opportunity to handle mass production demands from the West.
- Citadel's success as the most successful hedge fund highlights the potential of macro funds in uncertain economic times, showcasing their dominance and strategies that go beyond rising asset prices.
Deep dives
India emerges as the new manufacturing destination
India is becoming an attractive destination for manufacturing with Canada pursuing a free trade agreement and Apple reportedly planning to produce 25% of iPhones in the country. As China faces challenges with its population decline and geopolitical tensions, India's young and growing population presents an opportunity to handle mass production demands from the West. India aims to become the world's third-largest economy by 2027 and is investing heavily in capital expenditures and providing financial support to compete with China. Despite challenges in labor quality and infrastructure, India received a record amount of foreign direct investment and is projected to drive global growth.
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