 "stocks, markets, funds, growth, investments")
With India’s market capitalisation recently topping the $3-trillion mark, investors have set their eyes on $5 trillion. So how soon can India get there? In a note Elara Securities says anywhere between 2025 and 2031 depending on how the economic growth and valuations pan out.
“If we assume 11 per cent annualized growth in the GDP in rupee terms (8 per cent in US dollar terms) and a market cap-to-GDP ratio of 1.3 times, India could attain a $5 trillion market cap by 2026, which is the best case scenario. If the rupee were to remain stable at the current
