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Zerodha's Kamath Warns of 'Friendship Recession' in India

1/6/2025

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Summary

Story summary

Nithin Kamath, CEO and co-founder of Zerodha, launched India's top online stock brokerage in 2010.
He started trading at age 14 and co-founded Kamath Associates in 2004.
Kamath warns of a "friendship recession," stressing the need for stronger social connections.
He highlights that 80% of India's equity delivery trades originate from Mumbai and Ahmedabad, showcasing Gujarat's notable market role.

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Story summary

Nithin Kamath, CEO and co-founder of Zerodha, launched India's top online stock brokerage in 2010.
He started trading at age 14 and co-founded Kamath Associates in 2004.
Kamath warns of a "friendship recession," stressing the need for stronger social connections.
He highlights that 80% of India's equity delivery trades originate from Mumbai and Ahmedabad, showcasing Gujarat's notable market role.