Why India May Not Panic Over The Global Crisis Yet | Govindraj Ethiraj | The Core Report

On Episode 863 of The Core Report, financial journalist Govindraj Ethiraj talks to Captain Sam Thomas, President at ALPA India as well as Garima Kapoor, Economist & Deputy Head of Research at Elara Securities (India). Check out our Live Earnings tracker: https://earnings.thecore.in/ SHOW NOTES (00:00) The Take: India's Next Global Champion Should Be Built, Not Debated (05:38) Markets set for a more stable start as the US and Iran seek off-ramp (07:50) The party on Wall Street continues as markets hit new highs (09:00) India’s high GST collections, because of increased customs collections (16:44) Two more pilots died last week of health issues, what should airlines be doing? The Take: India's Next Global Champion Should Be Built, Not Debated Royal Enfield may be one of the biggest disruption stories in global motorcycling. In 2015, Chennai-based Royal Enfield, owned by Eicher Motors, opened its North America headquarters in Milwaukee, right in Harley-Davidson’s backyard. Today, Harley-Davidson is valued near $2.7 billion, while Eicher Motors is worth over $21 billion. Royal Enfield sold over 1.2 million motorcycles globally last year. Harley sold just over 100,000. Royal Enfield now exports more bikes than Harley produces in total. The reason is not just price. Riders in the US, UK and India say Royal Enfield has brought back affordable, classic, customisable motorcycles with an analogue feel. Harley is seen as expensive, heavy and stuck with an ageing customer base. Royal Enfield proves Indian companies can build global brands with legacy, community and product-market fit. This is the lesson for India’s AI and LLM debate. If India’s next ChatGPT, Claude or Gemini competitor has to be built, entrepreneurs will build it. They will not wait for social media approval or government white papers. Infosys did not wait for national consensus. Royal Enfield did not wait for permission. India’s next global champion will be built by founders, not doubters. Markets, The War and Oil: Industrial LPG and aviation turbine fuel prices have risen. Commercial LPG now costs Rs 3,071 per cylinder. Crude oil remains volatile amid Iran, US tensions and Hormuz fears. Indian markets fell before recovering as oil eased. The Sensex closed at 76,914 and the Nifty at 23,998. The rupee hit a record low near Rs 95.33 per dollar. Wall Street stayed strong as Apple lifted the S&P 500 and Nasdaq. GST Collections: India’s GST collections hit a record Rs 2.42 lakh crore in April, up 8.7 percent year-on-year. Customs revenue rose nearly 43 percent, while domestic revenue grew only 0.3 percent. GST is now a key signal for India’s consumption, trade and macroeconomic outlook. I asked Garima Kapoor, Chief Economist at Elara Securities, which numbers she is tracking now. The Deepening Pilot Fatigue Crisis: Two Indian pilots died within 48 hours, raising serious questions about pilot fatigue, aviation safety and delayed flight duty time rules. ALPA has urged the DGCA to reject relaxed FDTL norms and called for stronger fatigue reporting. I asked Captain Sam Thomas, President of ALPA, how he sees the link between FDTL norms and the deaths. No Aura Farming for Abel: Greg Abel has taken charge as Berkshire Hathaway CEO after Warren Buffett. Shareholders praised him, but the Buffett and Charlie Munger aura is fading. Rajasthan Royals Acquired by Indian Tycoons: Lakshmi Mittal and Adar Poonawalla are set to acquire Rajasthan Royals in a $1.65 billion IPL deal. Cricket is becoming one of India’s most valuable investment stories. If India may not panic over the global crisis yet, what should investors and business leaders watch next. From GST collections, oil prices and Wall Street highs to Royal Enfield, aviation safety & pilot fatigue, Episode 863 of The Core Report with Govindraj Ethiraj breaks down India economy, markets and global risks. Subscribe for daily business news & macro insights. #IndiaEconomy #GlobalCrisis #BusinessNews #StockMarketIndia #GovindrajEthiraj #TheCoreReport #TheCore Join The Core Insider to get access to perks:    / @thecore_in   Listeners! We await your feedback: https://tinyurl.com/TCR-Listener-Survey The Core & The Core Report is ad supported & FREE for all readers & listeners. Write in to [email protected] for sponsorships & brand studio requirements. For more of our coverage check out thecore.in (https://www.thecore.in/) Support the Core Report (https://tinyurl.com/Support-the-Core-...) Join & Interact anonymously on our WhatsApp channel (https://tinyurl.com/The-Core-WhatsApp...) Subscribe to our Newsletter (https://www.thecore.in/newsletters/th...) Follow Us on Social Media for More Updates: Twitter (  / the_core_in  ) Instagram (  / the.core.in  ) Facebook (  / thecore.biz  ) Linkedin (  / thecore-in  ) Youtube (   / @thecore_in  )