A growing population, strong consumption levels and a pickup in manufacturing activity have propelled India's economy in the last year — and market watchers are actively seeking out opportunities in the South Asian powerhouse. India's stock market too, has been booming, pushing economists to say its market capitalization could hit $60 trillion in the next two decades.
" Infrastructure plays One segment Mittal likes is infrastructure, with companies set to get a boost from a 10 trillion rupee , or 33% jump , in government capital expenditure this year. "The government has been spending almost 3.5 to 3.
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India's Market Capitalization Could Reach $40 Trillion in 20 YearsAnalysts predict that India's market capitalization could easily grow to $40 trillion in the next two decades, driven by investor confidence and robust economic growth. With over 6,000 listed companies, India has the largest number globally, and they prefer raising equity earlier in their life cycle. Sujan Hajra, chief economist at Anand Rathi Share and Stock Brokers, believes that India's strong economic growth and stable currency can help achieve this target.
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