India's market cap can 'easily' jump ten-fold in the next two decades, economist says
Publishing timestamp: 2024-04-09 01:02:56
Summary
Analysts predict that India's market capitalization could grow to $40 trillion in the next 20 years, driven by strong investor confidence and economic growth. India's stock market performance has been impressive, with the Nifty 50 index soaring 20% in 2023. Despite high valuation multiples, analysts recommend including India in investors' core allocation, with a focus on large cap stocks and the financial services sector.
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Keywords: business news, india, investment strategy, shenzhen component index, economic growth, asia economy,