$10-trn mcap likely by 2030

However, India’s weight in global indices is still low at 1.6% (10th rank); RoE-focused corporate sector with 167 cos over $5-bn market cap leaves ample choices to investors: Jefferies

Update: 2024-02-23 01:15 GMT

New Delhi: India’s market capitalization (mcap) is currently the 5th largest globally ($4.5 trn), but its weight in global indices is still low at 1.6 per cent (10th rank), foreign brokerage, Jefferies said in a report.

This should change as market free float rises and some weight anomalies get sorted out. Assuming market returns in line with the last 15-20 year history and new listings, India will become nearly a $10 trillion market by 2030 -- impossible for large global investors to ignore, the report said.

With a consistent history of 10-12 per cent USD CAGR over the last 10 & 20 years, India is now the 5th largest equity market & market capitalisation will likely touch $10 trillon by 2030. Continued reforms should maintain India’s ‘fastest growing large economy’ status. Strong trend in domestic flows have reduced market volatility and decadal low foreign ownership offers valuation cushion.

Tags:    

Similar News

New norms on Nano Urea Plus