Geographic insurance.

 "Big American companies are piling up profits despite war and consumer anxiety, bolstered by healthy sales growth." "For much of the S&P 500 margins are improving. The gap between profit and sales growth remains below late-2024 highs, suggesting real expansion behind much of the profit growth," but, "In the current K-shaped economy, the wealthy keep spending, while most everyone else feels strapped." WSJ. A similar story is playing out in India. "Wealthy Indians are spending more overall, but a smaller share of that spending is going to retail stores." Instead, "they are increasingly spending on travel, fine dining and curated experiences such as concerts and wellness retreats even as they continue to purchase high-value premium goods." "While retail's share is shrinking, absolute spending on premium goods is rising, with affluent consumers trading up across segments." Mint. Indian companies are investing in the US. "A record $20.5 billion in investments into the United States by top Indian companies was celebrated at the 2026 SelectUSA Investment Summit in Maryland." US Mission India. "The commitments span key sectors including pharmaceuticals, advanced manufacturing, energy infrastructure, and emerging technologies, and are expected to create thousands of jobs in both countries while expanding US production and joint innovation capacity." "Global lenders to Sun Pharmaceutical Industries Ltd are weighing multiple financing options for its proposed $12 billion acquisition of New York-listed healthcare company Organon & Co., according to people familiar with the matter." But shouldn't it be better to invest within India? "Last week, chief economic adviser V Anantha Nageswaran said that profits for the 500 largest publicly traded companies had grown by over 30% a year since the pandemic," but private sector investment has been disappointing. "Finance Minister Nirmala Sitharaman publicly wonders every few months why corporations seem so unwilling to invest." "Back in the boom years more than a decade ago, capital expenditure was 40% of gross domestic product; it's down by about 10 percentage points on average since then." Nageswaran thinks that the younger generation do not want to take any risks. However, "The real reason India's richest don't want to invest domestically - and, possibly take some of their cash abroad - is because they estimate local political risk as being too high." "If they earn money in India, their first instinct is to try and diversify geographically, so they escape New Delhi's control as much as they can," wrote Mihir Sharma. "India is 157th out of 180 countries in the 2026 World Press Freedom Index released by Reporters Without Borders on 30 April. In the 2025 ranking India was at 151." The Wire. Pandering to Dear Leader may be physically safe but ensuring financial insurance by moving money abroad is wise. Something about eggs in one basket (BBC). Especially, one with sycophants.