Following a rather conservative approach, we tried to work out how achievable the goal is, and what it would mean for Nifty 50? So, the calculated total m-cap comes to ₹240.72 trillion (116% of ₹207 trillion GDP). So, we can easily arrive at India’s projected total m-cap (Nifty) by 2030, which is ₹413.25 trillion (95% of ₹435 trillion GDP). In that case, by 2030, the index’s total m-cap is expected to reach ₹206.23 trillion (50% of ₹413.25 trillion). Interestingly, if we were to expect not 7-8% but the historical average of even 10% annual growth, Nifty 50 could touch the 30,000 levels as early as 2028 or even 2027.

Source: Mint August 08, 2021 20:15 UTC