Special mention: India will see a bull market nobody has even dreamt

Indian equities are set to see a bull market prolonged over multiple years which will leave the world in awe. The stars have alinged in India’s favour and the impact will be equivalent to dam water suddenly being released!

From October 2021 to October 2023, the country’s benchmarks NIFTY 50 and Sensex have remained resilient under turbulent macro conditions and withstanding the Federal Reserve’s monetory tightening. The current leg of bull run which has seemingly started, will surprise the world (and notably the people of India) to the upside. The time has come for the true potential of India as a country to finally come to the surface. Even though favourable elections result will act as nitro booster,we believe the path to $5 trillion (and beyond) has begun and can’t be stopped irrespective of the outcome of the 18th Lok Sabha elections.

Few major highlights in India’s favour:

Powerful demographics propelling internal consumption engine
Current government’s focus on improving India’s share in global trade
Domestic inflow and increased awareness of retail investors towards equity holding
Highly favourable stance of foreign institutional investors
To account for more than 16%-18% of global growth in next five years as per IMF

Last updated on December 20th, 2023 at 03:50 pm