India's stock market set to more than double to 10 trillion dollar by 2030, says Jefferies

Global investment advisory firm Jefferies has projected that India’s stock market value is set to more than double to 10 trillion dollar by 2030, going by its history of delivering double digit returns and expectations of continued economic reforms. 

In its latest note, the New York-headquartered firm has projected an optimistic outlook for Indian economy and its equity markets. Jefferies said that in the last ten years, India has seen fundamental structural reforms which have created the framework for the country to realise its full potential. It said, over the next four years, India’s GDP will likely touch five trillion US dollar making it the third  largest economy by 2027, overtaking



Japan and Germany, maintaining the status of fastest-growing large economy.  

The  Global Firm in its report has observed that India’s market capitalization at 4.3 trillion US dollar, ranks 5th in the world behind USA, China, Japan and Hong Kong. The firm noted that  with a renewed Capital Expenditure cycle and robust earnings profile, Indian markets will continue to deliver attractive growth over the next 5 to 7 years. Global Firm Jefferies further said that  that a strong growth profile, rising weight of Indian markets and track record of generating high returns should attract incremental foreign investment flows.