New Delhi, Feb. 17 -- Raamdeo Agrawal, co-founder of Motilal Oswal Financial Services, says the next trillion dollars of India's market capitalization could create more wealth than the last.

Drawing on decades of market cycles, the ace investor, speaking at the Mint Money Festival on 14 February in Mumbai, argued that compounding on a larger base, deeper participation and improving corporate profitability could make the coming decades disproportionately rewarding for patient investors.

Below are edited excerpts from the conversation.

Tech accounted for nearly 30% of the index and drove the most wealth creation over the past five years. With many tech stocks now underperforming, how do you see the sector?Until 1994-95, India didn't real...