Anil Singhvi says India may become biggest economy in world on these two growth cylinders - know what he said on power of retail investors
According to Singhvi, this extended rally in India will of course have some obstacles, people lose faith, and indiscipline traders will leave halfway, but despite all odds, the market would surge - mainly on the back of retail investors strength and power.
Indian markets are likely to witness a strong and long rally in the next 10-15 years, the way Japan saw an extended bull run for 40-45 years, Zee Business Managing Editor Anil Singhvi said during his special edition of Editor’s Take, while decoding the power of retail investors.
According to Singhvi, this extended rally in India will of course have some obstacles, people lose faith, and indiscipline traders will leave halfway, but despite all odds, the market would surge – mainly on the back of retail investors’ strength and power.
At present, the world has two big economies – the US leading on consumption and China leading on production, whereas the Indian economy may surge on both these growth cylinders – consumption and production, the managing editor said.
Explaining further Singhvi said, consumption because of the 130-140 crore people market and we are pushing ourselves towards a production-based economy.
The generation after us would see a beautiful phase of India, Singhvi mentioned.
He also believes that the retail/domestic investors will become so big in terms of appetite and wealth that they may dominate the global markets and could also be termed as foreign investors in other world markets after 10-15 years.
Indian market is mainly led by foreign investors at present and they are currently pulling out from the domestic indices for the eighth straight month, and to fill this gap the retail investors are contributing in the market most through various investments such as Mutual Funds among others.
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