Srinagar, Feb. 22 -- India's market capitalization to become $10trn by 2030

PIB Feature

Global investment advisory firm Jefferies has projected an optimistic outlook for Indian economy and its equity markets. In its latest note, the New York headquartered firm has 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 4 years, India's GDP will likely touch $5 trillion making it the 3rd largest economy by 2027, overtaking Japan and Germany, maintaining the status of fastest growing large economy"

In the process of sustained economic growth, Jefferies expects Indian stock market to hit US $ 10 trillion by 2030. T...