India’s Growth Has Moved On, but most Investors Haven’t | Here's Why!

Описание: India’s GDP is growing at 6–7%.
But how does that growth actually translate into earnings, assets, and real investor returns?

In this episode of Decipher with Dezerv (Pune edition), we bring together three of India’s most respected market practitioners to connect the dots—from the economy to earnings, and from headlines to portfolios.

Panel: From Economy to Earnings — Assets, Credit & Consumption

Panelists

Subahoo Chordia — Co-CEO, EAAA (Edelweiss) Alternatives
Pioneer in infrastructure and real assets investing, managing $3.5bn+ across roads, renewables, real estate, InvITs and private credit.

Ganeshram Jayaraman — CIO & Head, Avendus Long-Only Public Equities
One of India’s most followed equity strategists, known for ahead-of-the-curve macro and sector calls.

Moderator

Vaibhav Porwal — Co-founder, Dezerv

What we discuss in this panel:

🔹 The Economy

What are the biggest structural shifts shaping India’s next decade?
How decarbonisation, manufacturing and digitisation translate into investable opportunities.

🔹 Assets: Infrastructure & Real Estate

Investing in builders vs investing in assets.
REITs and InvITs explained—returns, risks, and portfolio fit.
Where we are in the real estate cycle and what’s driving it.

🔹 Credit

What is private credit and who is it for?
How it compares to banks, NBFCs and debt mutual funds.
Where the risks really lie.

🔹 Consumption

Why consumption stocks look expensive despite a strong India story.
Urban vs rural demand, premium vs mass consumption.
What on-ground infrastructure data is signalling.

🔹 Pune & Maharashtra

Pune as a microcosm of India’s growth.
Manufacturing, logistics, power and urban infrastructure opportunities.
What Pune’s wealth creators are actually asking for today.

🔹 Looking Ahead to 2030

Which sectors could create the most wealth over the next five years.
How HNI portfolios are likely to evolve.

Timestamps -

[00:00] Intro: Wealth via Infrastructure & Equity
[01:43] The 4 Engines of the Indian Economy
[03:09] Historical Earnings & Growth Patterns
[05:06] Themes: Decarbonization & Manufacturing
[05:35] Real Assets Explained: Cash Flow vs. Growth
[06:47] Global Trends in REITs and InvITs
[08:08] The 4 Megatrends ("The 4 Ds")
[10:18] India vs. Global Asset Monetization
[11:37] Democratizing Physical Assets
[13:19] Growth Velocity: REITs vs. Mutual Funds
[14:31] Real Estate: Contrarian Opportunities
[15:33] Premium vs. Mass Housing Cycles
[18:59] Strategy: "Picks and Shovels" Investing
[21:03] The Rise of Private Credit in India
[24:01] RBI Policy & Acquisition Financing
[25:08] The New SME & Retail Credit Cycle
[27:06] SME Lending: The GST & UPI Advantage
[29:05] Pune Focus: Defense, Auto, and IT
[30:03] The Manufacturing Decade
[33:23] Evolving Data Center Infrastructure
[35:46] GCCs & India’s STEM Talent Pool
[36:27] Data Localization Opportunities
[38:38] Finding Opportunity in Difficulty
[39:21] Q&A: Protecting Manufacturing IPC
[43:40] Conclusion: Money as Economic Energy


If you’re an investor trying to understand **where India’s growth actually converts into money**, this conversation will give you clarity—across public markets, real assets and portfolio construction.

👇 Let us know in the comments which theme you found most insightful!