India can be home to $1 trillion m-cap company by 2032; check out the three contenders

Domestic brokerage ICICI Securities perceives HDFC Bank, Bajaj Finance, and Reliance Industries (RIL) as strong contenders to achieve the milestone of $1 trillion in market capitalisation. 

The brokerage estimates that India can be home to a $1 trillion company by 2032. As per the latest foreign exchange rate, $1 trillion will be worth Rs 83 lakh crore.

The brokerage noted that to attain this feat, these companies will need to log consistent growth over the next 10 years. It also pointed out that a thrust to boost corporate profitability and maintain India’s GDP of 9 per cent would be a noteworthy trigger for the Indian economy.

Required CAGR growth by India Inc. majors to hit the suggested levels