‘Investing is as impactful…’: Deepak Shenoy defends India’s wealthy heirs as next-gen billionaire debate heats up

Will the next generation of India really build a business that they are just trading, investing and conducting their hereditary wealth? Deflak Shenoy, the founder of the Capital thought and CEO, believes that the situation is not so terrible as some people can think.

In X (formerly Twitter), Sheno wrote: We are not South Korea or Japan, where several business families are the only great manufacturers. “

He insisted that investments could have as much impact as a business build. “If the next genes of large businessmen invest, they will provide capital newly newly created, founders, etc., for example, have received investment from the hero group that could build (or inclination). It is better to finance the hungry founders who want to increase it. Even if it fails, it’s a good thing. It tries to do things that count and we must risk funding, “he added.

However, which is really connected according to Sheno if the rich people of India have simply moved their money abroad. “It would hurt us, but fortunately it is not a matter of fact (there will always be exceptions). Holding in India is also good. It is a way to create a meaningful wealth. ”

Shenoy also pointed out structural challenges that hinder business growth. “And yes, we need to get rid of unpleasant laws that harm our production businesses. But we screaming rough (I too) for years, regardless of whether rich children “waste” time or not, “he concluded.

His post resonated with many. One user commented: It’s great to do such a wonderful thing that is missing this “Nepo children” of business families. Decision positions should only be in professional hands. ”

Sheno answered: “It’s good that hunger will invest than hunger to build a business. If the rich allocates well to capital, new entrepreneurs will receive that money and become rich, etc..

The debate comes with the Udaki Distance of Manufacturers, Kotak and Cut Goyka, which questioned whether the billionaires of the next Indian genes are far from the traditional business building and investments. While some look at this shift as a loss of entrepreneurial spirit, others like Sheno, see that as evolution in the creation of wealth.