Dhruv Goyal

Dhruv Goyal on the Resilient Rupee and India’s Macroeconomic Shifts

Dhruv Goyal on the Resilient Rupee and India’s Macroeconomic Shifts

Over the last 20 years, the Indian currency has held a steady depreciation rate of ~3% on an annual basis- Dhruv Goyal. India is experiencing macroeconomic conditions that are truly unprecedented. It shines as a beacon of hope in a slowing global economy. According to the IMF, India will contribute 17% of global growth in CY 2024. Increased tax receipts driven by economic formalisation and strategic reductions in revenue expenditure have led to a period of fiscal consolidation. This has enabled retail inflation to fall to ~3.5%. Further, India’s balance of payments continues to improve on the back of higher…
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Dhruv Goyal on Indian Equities: Growth Fueled by Domestic Investors

Dhruv Goyal on Indian Equities: Growth Fueled by Domestic Investors

New Delhi [India], February 25: For nearly a decade, Indian stock markets have been on a relentless rise, shrugging off global crises, foreign investor pullouts, and economic slowdowns. Even during the pandemic, when the economy contracted sharply, the Sensex and NIFTY 50 continued their upward march. According to Dhruv Goyal, Founder of Four Lion Capital, this resilience stems from two key factors: strong earnings growth and an unprecedented flood of domestic capital. However, with valuations soaring—particularly in small and mid-cap stocks—investors are now asking: Is this the beginning of a new golden era for Indian equities, or are we inching toward…
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Dhruv Goyal Launches FourLion Capital, Targeting Investment Opportunities in India

Dhruv Goyal Launches FourLion Capital, Targeting Investment Opportunities in India

New Delhi [India], January 30: Dhruv Goyal launched FourLion Capital, a new investment firm focused on providing global investors with long-only exposure to Indian publicly-listed companies. With an emphasis on sustainable growth and long-term value, FourLion Capital aims to tap into the potential of India’s evolving market landscape. Academic and Professional Background Goyal’s foundation in finance is underscored by his education at Harvard University, where he completed both a Bachelor of Arts in Economics and an MBA. His leadership experience as Vice President of the student body reflects his early commitment to engaging with complex issues. Before establishing FourLion Capital,…
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