By Priyanka Deshpande
CNBC-TV18.com
Published April 10, 2024
India's market capitalisation can grow to $40 trillion in the next two decades, analysts are suggesting. Here's what they are saying:
“We can easily hit $40 trillion”
- SUJAN HAJRA, CHIEF ECONOMIST AT ANAND RATHI SHARE AND STOCK BROKERS
“Indian markets could surge to $60 trillion in the next two decades”
- MANISH CHOKHANI, DIRECTOR OF INVESTMENT SERVICES FIRM AT ENAM HOLDINGS
“India's GDP growth has led to companies increasing their earnings and that is resulting in the stock market performance”
- ATUL SINGH, CEO AND MANAGING DIRECTOR OF WEALTH MANAGEMENT FIRM LGT WEALTH INDIA
"Pay more attention to large cap stocks as there will be a shift away from small and mid-cap stocks"
- SUNIL KOUL, ASIA-PACIFICPORTFOLIO STRATEGIST AT GOLDMAN SACHS
"Maintain Sensex target of 100,000. It could be reached sooner than the previously projected five years"
- MARK MOBIUS, CHAIRMAN OF MOBIUS EMERGING OPPORTUNITIES FUND
India’s benchmark Sensex hit the record 75,000 mark for the first time on Wednesday, April 10. The broader Nifty also reached a lifetime intraday peak of 22,775.
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