Mentor’s comment-
- https://www.thehindu.com/
opinion/lead/over-valued- unicorns-in-a-distressed- economy/article37653501.ece - In the intro mention the PayTM ipo and fall in the valuation on first day.
- In the body mention factors such as rising number of smartphone users and increasing trend towards adoption of technology, role of investors in providing capital etc.
- In the concerns mention limited population with high income and spending power raising the questions on future earnings.
- Conclude by mentioning the need for caution as negative sentiments could harm the economy in long term.
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