Latest news with #MiteshShah
NDTV
11 hours ago
- Business
- NDTV
India Set To Outpace G7 Economies In Growth: Report
New Delhi: Global capital can no longer overlook India's structural economic advantages, as the nation is poised to significantly outpace G7 economies in growth, according to a report released on Monday by wealth management firm Equirus. The report identifies strong macro fundamentals, policy-led capital expenditure, a resurgence in rural consumption, and structural manufacturing shifts as key long-term drivers of India's growth in an uncertain global environment. "India is no longer the world's fastest-growing economy just on paper -- it is structurally better positioned than most G7 nations. That's a seismic shift," said Mitesh Shah, CEO, Equirus Credence Family Office. "The global macro regime is shifting. US growth has been revised down sharply, and while India is projected to contribute over 15 per cent to global GDP growth (2025-2030), traditional 60/40 portfolios are breaking down. In this new regime, strategic asset allocation across geographies and growth cycles isn't optional -- it's the alpha generator," he added. India is benefiting from structural trends: rural FMCG demand outpacing urban (6 per cent vs 2.8 per cent), policy-led capex rising 17.4 per cent, and Rs 2.5 lakh crore liquidity infusion underway, the report states. India's contribution to global GDP growth is significantly outpacing Japan (less than 1 per cent) and Germany (just over 1.3 per cent), the report points out. The report highlights that rural consumption is driving the recovery in the Indian economy. FMCG demand in rural India grew 6 per cent, outstripping urban markets at 2.8 per cent. The monthly per capita expenditure gap between rural and urban households has narrowed from 84 per cent to 70 per cent over the last decade. The report challenges the viability of the long-standing 60/40 portfolio strategy, historically seen as the gold standard for diversified investing. In today's volatile and fragmented global regime, strategic asset allocation is no longer optional -- it is essential for capital preservation and alpha generation, the report states. The report urges investors to adopt a more dynamic and forward-looking asset allocation approach -- one that spans geographies, sectors, and growth cycles. With India emerging as a structural outperformer, the firm sees the country's multi-engine growth -- driven by rural consumption, capex, and supply chain shifts -- as a compelling opportunity for both capital preservation and long-term alpha generation. The report also highlights global factors reinforcing India's advantage. The Dollar Index (DXY) has declined approximately 6 per cent from its 2025 peak, and crude oil remains stable at $70/barrel, easing India's import bill pressure. It further states that while the 'China +1' narrative is evolving, concrete shifts are emerging. As multinational firms like Apple diversify away from China, shifting iPhone production to India benefits from cost efficiencies, lower attrition, and geopolitical alignment. The report also sees a government policy-led capex boom boosting India's growth. Central plus state capital expenditure is set to jump 17.4 per cent post-election, backed by a Rs 2.5 lakh crore liquidity infusion via phased CRR cuts, the report added.
News18
13 hours ago
- Business
- News18
'India To Outpace G7 Countries In GDP Growth By 2030': Report
Last Updated: Strong macro fundamentals, policy-led capex, resurgence in rural consumption, and structural manufacturing will be key long-term drivers of India's growth, says Equirus. Global capital can no longer overlook India's structural economic advantages, as the nation is poised to significantly outpace G7 economies in growth, wealth management firm Equirus said in its latest report. It added that strong macro fundamentals, policy-led capital expenditure, a resurgence in rural consumption, and structural manufacturing will act as key long-term drivers of India's growth and alpha generation. 'India is no longer the world's fastest-growing economy just on paper — it is structurally better positioned than most G7 nations. That's a seismic shift," said Mitesh Shah, CEO of Equirus Credence Family Office. He added that the global macro regime is shifting. US growth has been revised down sharply, and while India is projected to contribute over 15% to global GDP growth (2025-2030), traditional 60/40 portfolios are breaking down. 'In this new regime, strategic asset allocation across geographies and growth cycles isn't optional — it's the alpha generator," Shah said in the report titled 'India to Outpace G7 – Can Domestic Resilience Outpace Global Volatility? Decoding Wealth, Asset Allocation, and Market Strategy in 2025'. The G7 (Group of Seven) is an intergovernmental organisation of seven advanced nations — the United States, Canada, United Kingdom, France, Germany, Italy, and Japan. India is benefiting from structural trends: rural FMCG demand outpacing urban (6% vs 2.8%), policy-led capex rising 17.4%, and Rs 2.5 lakh crore liquidity infusion underway, according to the report. India has already surpassed Japan to become the world's fourth-largest economy by nominal GDP, NITI Aayog CEO BVR Subrahmanyam announced recently. According to the IMF, India's GDP is currently $4.187 trillion, overtaking Japan's $4.186 trillion. Citing IMF data, Subrahmanyam said India today is larger than Japan. Significantly outpacing Japan (less than 1%) and Germany (just over 1.3%). Bangladesh is even forecast to surpass Japan in contribution. Rural Consumption Drives Recovery: FMCG demand in rural India grew 6%, outstripping urban markets at 2.8%. The monthly per capita expenditure gap between rural and urban households has narrowed from 84% to 70% over the last decade. Reassessing the 60/40 Portfolio Paradigm: The report challenges the viability of the long-standing 60/40 portfolio strategy — historically seen as the gold standard for diversified investing. In 2022, the S&P 500 dropped 18.1%, while US bonds declined by 13%, marking the worst combined performance since 1937. Rising correlations between equities and bonds are undermining passive diversification models. In today's volatile and fragmented global regime, strategic asset allocation is no longer optional — it is essential for capital preservation and alpha generation. The report urges investors to adopt a more dynamic and forward-looking asset allocation approach — one that spans geographies, sectors, and growth cycles. With India emerging as a structural outperformer, the firm sees the country's multi-engine growth—driven by rural consumption, capex, and supply chain shifts — as a compelling opportunity for both capital preservation and long-term alpha generation. Global & Domestic Factors Reinforcing India's Advantage: Favorable Global Environment: The Dollar Index (DXY) has declined approximately 6% from its 2025 peak, and crude oil remains stable at $70/barrel, easing India's import bill pressure, Equirus said. Supply Chain Diversification: While the 'China+1 narrative is evolving, concrete shifts are emerging. As multinational firms like Apple diversify away from China, shifting iPhone production to India benefits from cost efficiencies, lower attrition, and geopolitical alignment. Policy-led Capex Boom: Centralplusstate capital expenditure is set to jump 17.4% postelection, backed by a Rs 2.5 lakh crore liquidity infusion via phased CRR cuts. The monthly per capita expenditure gap between rural and urban households has narrowed from 84% to 70% over the last decade. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : economic indian economy Location : New Delhi, India, India First Published: June 23, 2025, 11:26 IST News business » economy 'India To Outpace G7 Countries In GDP Growth By 2030': Report
Tahawul Tech
18-04-2025
- Business
- Tahawul Tech
Mitsumi Distribution: Powering Africa's digital leap with innovation, partnerships
From expanding infrastructure to enabling SMEs, Mitsumi Distribution reinforces its commitment to Africa's ICT future through collaboration, cutting-edge tech, and regional empowerment at GITEX Africa 2025. Established over two decades ago in Kenya and subsequently in Dubai, Mitsumi Distribution has steadily cemented its position as a trusted and cost-effective technology enabler in the Middle East and Africa (MEA). The visionaries behind this success story are Jagat Shah and Mitesh Shah, the Chairman and CEO and the Co-Chairman and MD of Mitsumi Distribution, respectively. Born in Uganda, Jagat Shah began his professional journey in 1993 as a computer engineer in India. With a strong passion for technology and business, he later moved to Kenya, taking on key managerial roles that laid the foundation for his entrepreneurial leap. From its humble beginnings, the company has grown into a leading IT infrastructure distributor, offering cutting-edge solutions across hardware, telecommunications, networking, enterprise, and storage verticals. In 1998, with a spirit of resilience and foresight, Jagat with his brother Mitesh established Mitsumi Computer Garage Ltd, a modest venture focused on computer repairs and services. The business quickly gained traction and became a dominant IT distribution and service provider in Kenya. At the core of the Mitsumi Group lies its flagship entity, MITSUMI Distribution, which today stands as one of the foremost distribution powerhouses in the IT, Telco, and Enterprise sectors across the MEA region. From 2000 to 2022, the Mitsumi Group executed a well-orchestrated expansion strategy, broadening its geographic footprint and service offerings across MEA. Today, Mitsumi is not only a market leader but a strategic partner in driving Africa's digital acceleration—fuelling innovation ecosystems, supporting SMEs, and enabling the next phase of transformative growth. Looking ahead, Mitsumi Distribution is set to play a pivotal role at GITEX Africa 2025, where it will reinforce its commitment to collaboration, innovation, and sustainable development across the continent. In a sit-down with Sandhya D'Mello, Technology Editor at CPI Media Group, Jagat Shah discussed how the company envisions enabling Africa's digital future by building robust technology infrastructure and creating new pathways for inclusive growth. What key message or strategic direction will you be sharing with the African tech ecosystem through your presence at the GITEX Africa 2025 event? At GITEX Africa 2025, our key message will centre around the importance of collaboration and innovation in driving Africa's digital transformation. We aim to showcase our commitment to empowering businesses with cutting-edge technologies, particularly AI PCs and enterprise solutions. Our strategic direction emphasizes building strong partnerships with global tech leaders to ensure that our channel partners have access to the tools and insights necessary to thrive in an increasingly competitive landscape. We believe that by working together, we can bridge the digital divide and foster sustainable growth across the continent. How does Mitsumi's participation at GITEX Africa align with your broader vision of accelerating digital transformation across the continent, and what outcomes are you hoping to achieve from this year's edition? Mitsumi's participation at GITEX Africa is a vital component of our broader vision to accelerate digital transformation across Africa. By engaging with key stakeholders, including innovators, policymakers, and enterprise leaders, we aim to explore emerging trends and lead discussions on the future of IT distribution. Our desired outcomes include strengthening our partnerships, enhancing our portfolio, and ultimately equipping businesses with the necessary resources to adopt next-generation technologies. We hope to foster an environment where collaboration drives innovation, enabling businesses to scale and succeed in the digital economy. Tell us about the significance of your newly opened office—how it reflects Mitsumi's long-term commitment to the region and how it will enhance operations, partnerships, and customer outreach? The opening of our new offices in the Southern Africa region signifies Mitsumi's long-term commitment to the African region and our dedication to enhancing our operational capabilities. Having offices in the region enables us to strengthen our partnerships with local vendors and channel partners, ensuring that we can provide tailored support and solutions that meet the unique needs of the market. Additionally, our presence will enhance customer outreach, allowing us to engage more effectively with businesses and provide them with the resources they need to navigate the complexities of the digital landscape. These offices are a testament to our belief in the potential of the African market and our commitment to driving its digital transformation. With the African continent undergoing a massive digital shift, how is Mitsumi positioning itself as an enabler of growth through infrastructure, distribution networks, and local market engagement? Mitsumi is positioning itself as a key enabler of growth in Africa by investing in robust infrastructure and expanding our distribution networks across the continent. We are committed to enhancing our logistics capabilities and optimizing supply chain visibility to ensure that businesses can access the latest technologies without delay. Furthermore, our focus on local market engagement allows us to provide tailored solutions that address specific regional needs, helping our partners navigate compliance and implement scalable digital solutions. 'By fostering specialized expertise within our workforce and channel partners, we are equipping businesses with the tools they need to thrive in an increasingly digital world' You've recently onboarded several new global brands into the Mitsumi portfolio. What factors drive your decision to partner with specific brands, and how do these signings elevate your value proposition? Our decision to partner with specific global brands such as APC, VMWare, NETGEAR, and SanDisk is driven by several key factors, including their proven track record of innovation, commitment to research and development, and alignment with our strategic vision. We seek brands that offer cutting-edge technologies that can address the evolving needs of our customers in both Middle East and Africa. By onboarding these brands, we elevate our value proposition by expanding our portfolio to include next-generation solutions that enhance operational efficiency and security. This diversification allows us to better serve our channel partners and ultimately empowers businesses across Middle East and Africa to adopt the technologies necessary for success in the digital economy. Mitsumi's portfolio continues to diversify, how do you ensure operational excellence, partner enablement, and service agility across such a dynamic and rapidly growing geography? To ensure operational excellence, partner enablement, and service agility across our diverse portfolio, we prioritize a flexible and datadriven approach to our operations. We leverage predictive analytics to optimize inventory management and supply chain processes, enabling us to respond swiftly to market demands. Additionally, we invest in training and support for our channel partners, equipping them with the knowledge and resources needed to deliver exceptional service to their customers. By fostering a culture of collaboration and continuous improvement, we can maintain our competitive edge and adapt to the rapidly changing landscape of the ICT distribution space. What role do you see Mitsumi playing in shaping Africa's digital economy, particularly in empowering SMEs, supporting channel partners, and facilitating access to cutting-edge technologies? Mitsumi plays a pivotal role in shaping Africa's digital economy by empowering small and medium-sized enterprises (SMEs) and supporting our channel partners through tailored solutions and resources. We are committed to facilitating access to cutting-edge technologies that enable SMEs to innovate and compete effectively in the digital landscape. By providing financial flexibility, training, and localized support, we help our partners navigate the complexities of technology adoption. Our focus on collaboration and shared growth ensures that we are not only driving our own success but also contributing to the broader development of the digital economy across the continent. What are the next milestones for Mitsumi Distribution in terms of regional expansion, digital innovation, and strengthening your leadership position in Africa's ICT distribution space? Looking ahead, our next milestones include further regional expansion into key markets across Africa. We aim to enhance our digital innovation initiatives by investing in AI and data-driven technologies that will empower our partners and customers. Additionally, we will continue to strengthen our leadership position in Africa's ICT distribution space by forging strategic partnerships with global technology leaders and expanding our portfolio. Our commitment to operational excellence and customer-centricity will guide us as we navigate the evolving digital landscape and drive sustainable growth across the continent.
Tahawul Tech
16-04-2025
- Business
- Tahawul Tech
Mitsumi Distribution to expand Global Brand Alliances at GITEX Africa 2025
Mitsumi Distribution, a leading technology distributor across the Middle East and Africa, is proud to unveil a bold new chapter in its growth journey. With the signing of new partnerships with global technology leaders, Mitsumi is enhancing its commitment to deliver comprehensive, future-ready IT and enterprise solutions across the continent. At this year's GITEX Africa, Mitsumi announced the addition of APC, SanDisk, PNY, and NETGEAR to its extensive portfolio – strengthening its position as the go-to distributor for end-to-end IT infrastructure, power, storage, and connectivity solutions. Speaking from the show floor, Mitesh Shah, Co-Chairman and Managing Director of Mitsumi Distribution, shared: 'At Mitsumi, we are focused on building strong alliances that add real value to our partners and customers across Africa. Our newly signed partnerships reflect our long-term vision to offer a comprehensive, best-in-class product portfolio that empowers businesses to thrive in today's digital-first world'. With the growing demand for enterprise IT upgrades, AI-driven computing, and secure network infrastructure, Mitsumi's expanded portfolio empowers its partners to address emerging market needs. From APC's critical power and cooling systems to SanDisk and PNY's high-speed data storage, and NETGEAR's smart networking solutions, these new partnerships enable Mitsumi to offer comprehensive solutions that meet the unique requirements of African enterprises. Driving Digital Transformation Through Scalable Solutions Mitsumi's strengthened portfolio comes at a time when businesses across Africa are fast-tracking their IT modernisation strategies. With the upcoming end of support for legacy systems such as Windows 10, organisations are seeking trusted technology partners who can provide dependable, future-proof infrastructure. Mitsumi, with its vast network of vendors and in-country presence, is uniquely positioned to support this transition. In addition to supplying innovative hardware and software, Mitsumi offers value-added services including channel development, logistics optimisation, and technical support – ensuring partners gain speed, efficiency, and resilience in their operations. Localised Strategy, Continental Impact What sets Mitsumi apart is its deep-rooted commitment to local markets. With offices, warehouses, and expert teams across North, East, West, and Southern Africa, Mitsumi ensures rapid deployment, localised support, and tailored solutions for businesses of all sizes. By bridging the gap between global innovation and local execution, Mitsumi continues to play a vital role in advancing Africa's digital infrastructure and empowering regional growth. Visit Mitsumi at GITEX Africa 2025 Industry professionals, tech leaders, and channel partners are invited to Hall 5, Stand 5C-50 over the next two days to meet Mitsumi's experts, explore its growing portfolio, and discover how it's redefining IT distribution in Africa and the Middle East. Image Credit: Mitsumi Distribution
Channel Post MEA
15-04-2025
- Business
- Channel Post MEA
Mitsumi Signs New Partnerships with APC, SanDisk, PNY, and NETGEAR at GITEX Africa
Mitsumi Distribution signed new partnerships with APC, SanDisk, PNY, and NETGEAR at GITEX Africa. It expanded its portfolio to strengthen its position further as the go-to distributor for end-to-end IT infrastructure, power, storage, and connectivity solutions. Mitesh Shah , Co-Chairman and Managing Director of Mitsumi Distribution, shared: 'At Mitsumi, we are focused on building strong alliances that add real value to our partners and customers across Africa . Our newly signed partnerships reflect our long-term vision to offer a comprehensive, best-in-class product portfolio that empowers businesses to thrive in today's digital-first world.' With the growing demand for enterprise IT upgrades, AI-driven computing, and secure network infrastructure, Mitsumi's expanded portfolio empowers its partners to address emerging market needs. From APC's critical power and cooling systems to SanDisk and PNY's high-speed data storage, and NETGEAR's smart networking solutions, these new partnerships enable Mitsumi to offer comprehensive solutions that meet the unique requirements of African enterprises. Mitsumi's strengthened portfolio comes at a time when businesses across Africa are fast-tracking their IT modernization strategies. With the upcoming end of support for legacy systems such as Windows 10, organizations are seeking trusted technology partners who can provide dependable, future-proof infrastructure. Mitsumi, with its vast network of vendors and in-country presence, is uniquely positioned to support this transition. In addition to supplying innovative hardware and software, Mitsumi offers value-added services, including channel development, logistics optimization, and technical support — ensuring partners gain speed, efficiency, and resilience in their operations. What sets Mitsumi apart is its deep-rooted commitment to local markets. With offices, warehouses, and expert teams across North, East, West, and Southern Africa , Mitsumi ensures rapid deployment, localized support, and tailored solutions for businesses of all sizes. By bridging the gap between global innovation and local execution, Mitsumi continues to play a vital role in advancing Africa's digital infrastructure and empowering regional growth. Industry professionals, tech leaders, and channel partners are invited to Hall 5, Stand 5C-50 over the next two days to meet Mitsumi's experts, explore its growing portfolio, and discover how it's redefining IT distribution in Africa and the Middle East . 0 0
