Former Goldman Sachs executive and macroeconomic expert Raoul Pal has raised an interesting argument about how Indian growth tech companies are expanding significantly in a higher interest rate environment as compared to the U.S.
There is a puzzle in trying to figure out. Many people say that growth tech can’t grow without low rates but I look across at India with 7.5% rates and growth tech is growing like crazy and with high valuations. 4% US rates is hardly a hurdle for a fast growing sector…
— Raoul Pal (@RaoulGMI) October 11, 2022
