Key Highlights
- Kamath wrote on social media that even as Indian stock exchanges have international linkages, their closure for a local municipal election reflects poor planning and a serious lack of appreciation for second-order effects, or the indirect, follow-on consequences.
- "Indian stock exchanges are closed today for Mumbai's municipal elections.
- The fact that our exchanges, which have international linkages, are shut down for a local municipal election shows poor planning and a serious lack of appreciation for second-order effects," Kamath wrote on X.
- "The holiday exists because no one who matters has any incentive to oppose the market holiday.
- It also tells you how far we have to go before global investors take us seriously," Kamath added.
