Whalesbook
Yaar, ye jo West Asia mein chal raha hai na, usse oil ke prices ekdum skyrocket ho rahe hain aur inflation ki bhi chinta badh gayi hai. Isi liye, Bharti Enterprises ke Chairman, Sunil Bharti Mittal ne Indian industries ko bola hai ki ab time aa gaya hai petrol aur gold jaisi cheezon par jo paisa uda rahe ho na, usko hata kar desh ke andar renewables aur manufacturing sectors mein tagda investment karo. Unhone toh imports ko ek tarah ka 'obsession' bhi keh diya hai!
Aur pata hai, ye baat toh Prime Minister Modi ke 'Atmanirbhar Bharat' vision se bhi perfect match karti hai. Mittal ji ne kaha hai ki companies ko domestic capital expenditure (CAPEX) par 'double down' karna chahiye. Unhone khud Bharti Airtel ka example diya, jinhone ₹30,000 Crore se bhi zyada invest kiya hai aur future mein isko aur badhane ka plan hai.
Asli problem kya hai na, ki hum log 80-88% crude oil toh bahar se mangate hain. Toh jab international oil prices badhte hain, toh apna Current Account Deficit (CAD) bhi badh jaata hai, jo FY27 tak 2% of GDP yaani $88 billion tak pahunch sakta hai. Isse apna Indian Rupee bhi US Dollar ke saamne kamzor ho raha hai, jisse imported inflation bhi badh sakti hai. Mittal ji ka renewables mein invest karne ka idea seedha isi problem ko target karta hai. Aur waise bhi, FY26 mein India mein 32 GW se zyada renewable energy capacity add hone ka expectation hai.
Telecom sector mein bhi asli competition chal rahi hai. Ek taraf Bharti Airtel mast investment kar rahi hai, wahi Vodafone Idea ko 4G upgrade aur 5G launch ke liye lagbhag $6-8 billion chahiye, jo ki bahut bada amount hai. Isse pata chalta hai ki is sector mein kitna paisa lagana padta hai.
Par haan, sab kuch itna easy nahi hai. Geopolitical tensions agar badhti rahi toh oil prices high rahenge, CAD aur rupee par pressure banega. High inflation se Reserve Bank of India ko apni monetary policy tight rakhni pad sakti hai, jisse borrowing mehngi hogi aur domestic demand par bhi asar padega. Agar input costs badhe ya competition aur tez ho gayi, toh Bharti Airtel ka stock bhi jo abhi P/E ke hisaab se 30 ke aas paas trade kar raha hai, us par bhi asar aa sakta hai.
Abhi Bharti Airtel apna Q4FY26 ka result May 13, 2026 ko announce karne wali hai, aur analysts ko profit growth ki ummeed hai. Company ka ye domestic network par focus toh India ke self-reliance goals ke hisaab se sahi hai. Lekin market toh global khabron se hi chalta hai, khaas kar oil prices aur US Federal Reserve ki policies se.
So overall, yeh jo domestic investment badhane ka strategy hai na, yeh tabhi kaam karega jab companies execution mein dum dikhayen aur global maahol itna volatile hone ke baad bhi momentum bana rahe. Main focus import par dependency kam karne aur India ki economy ko zyaada strong banane par hona chahiye.