Sensex can cross 100,000 mark in just 10 years: Morgan Stanley

The technological leap for India has come through reforms such as Aadhaar, Jan Dhan and the GST

The government thrust on digitisation could result in a threefold increase in India’s gross domestic product (GDP) and equity market capitalisation in the next 10 years, said Morgan Stanley.
 
“India’s digitisation drive has raised our confidence in long-term growth estimates. We forecast GDP to reach $6 trillion, equity market capitalisation to rise to $6.1 trillion and the market value of financials and consumer sectors to hit $1.8 trillion and $2 trillion, respectively, by 2027,” said the brokerage.

"We see the BSE Sensex crossing the 100,000 mark, albeit the bulk of the returns are likely to be front ended