Betting on India’s investment climate
Anant Jatia graduated from Wharton School of Business, University Pennsylvania, in 2007, when the US economy was still booming. His Ivy League finance and management credentials ensured that he had job offers lined up. Pankti Mehta writes.Updated: May 07, 2011 23:15 IST
Anant Jatia graduated from Wharton School of Business, University Pennsylvania, in 2007, when the US economy was still booming. His Ivy League finance and management credentials ensured that he had job offers lined up. Straight after college, Jatia moved to New York City to work for a leading hedge fund company.
But by 2009, the the bubble had burst and Jatia was faced with a dilemma: Try and find a stable job in a recession economy, or leave the US and return home. “As a result of the financial crisis, the whole business sentiment in the US had become negative, he says. “I think 2007 was the best time to look for a job there — everyone was hiring and there was a lot of money to be made. But then, just two years later, companies were going bust.”
This caused a shift in the work culture dynamic. People became disillusioned and generally unhappy. Jatia realised that shifting jobs within the US would not help, especially given the overall investment climate there. So he returned to Mumbai and set up Forefront Capital Management, a company that offers portfolio management services. Two years on, Jatia is convinced he made the right choice.
“I think India’s strongest strength is that the economy is growing by internal consumption — not by export, as is the case in China,” he says. “This makes it a more robust investment climate than a lot of other countries.”