A COMBINATION OF policy foresight, technological advancements, and a youthful demography is set to transform India’s stock market by 2047. This growth is happening on the back of significant expansion that is being witnessed over the past two decades, largely driven by increased participation from domestic institutional investors (DIIs) and retail investors in the post-Covid period. To give an example, the market valuation of BSE-listed firms has surged 45 times, reaching over `450 lakh crore ($5 trillion) as of August 2024, compared to `10 lakh crore in 2003.
If the economy continues to grow steadily, India’s equity market could sustain this upward trajectory. Projections indicate that the Indian economy could reach $30-35 trillion by 2047, assuming an 8-9% growth rate, potentially elevating India to developed economy status. With a market cap to GDP ratio of 1.5x, the market capitalisation of BSE-listed firms could hit $45 trillion by 2047. Even with a more conservative growth rate of 7-7.5%, the economy could be valued at $15-20 trillion, quadrupling the market cap over the next 23 years.
Denne historien er fra September 15, 2024-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra September 15, 2024-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Reasons To Be Bullish
The building blocks are in place for 7-8% growth for a prolonged period; India’s focus should be on sustaining this momentum to become a developed nation
India's Stock Market Revolution
India is on the way to a 45-trillion stock market, fuelled by rising investor participation, technological advancements, and economic growth
"Giving up is easy... fight harder"
As a working mother, the challenges are many but for me the toughest was emotional pain or ‘mom guilt’.
A PRESCRIPTION FOR CAPITALISM
PART ECONOMIC HISTORY AND PART COMMENTARY ON RECENT ECONOMIC EVENTS, SHARMA’S BOOK IS ALMOST A FLY-ON-THE-WALL ACCOUNT, AT TIMES
PASSION PLAY
If you're serious about photography or crazy about gaming, here are two devices that will help you indulge in your passion
The Other Emirate
Just an hour away from Dubai, Ras Al Khaimah offers a more laid-back alternative to its glamorous neighbour
A $500-billion Opportunity
With the right mix of vision, policy support, and investment, the affordable housing sector could unlock a growth story that addresses a critical human need
Boosting Start-ups, Shaping India
Start-ups are turbo-charging India’s growth story. But a lot needs to be done to empower them further
Coding Cash
The digital rupee has been around for nearly two years now, despite facing several challenges. With cash still remaining the king in India, the future of CBDC hinges on its programming and versatility
Banking On MFs For Wealth Creation
Retail investors, on a journey of wealth creation, have taken to investing in mutual funds of all hues—equity, debt, and hybrid
