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Goldman Sees Indian Markets Rising To World’s Fifth Biggest

Goldman Sees Indian Markets Rising To World's Fifth Biggest

India’s share market capitalization is anticipated to rise to $5 trillion by 2024 from the present $3.5 trillion, catapulting the nation to the world’s fifth-biggest market, in keeping with Goldman Sachs Group Inc.

Nearly $400 billion of market capitalization could possibly be added from new IPOs over the following 2-3 years, Goldman Sachs analysts led by Sunil Koul, wrote in a observe. Share-sale pipeline is anticipated to stay sturdy over the following 12-24 months, primarily based on current bulletins from ‘new economic system’ unicorns, analysts wrote.

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“We stay overweight on expectations of a strong cyclical recovery and supportive flows,” in keeping with the report. Additionally, the sturdy thematic enchantment and development potential of the brand new economic system sectors lend assist to our medium-term constructive view.”

“Investors can discover enticing return alternatives, so long as they do not overpay for development, as evidenced by vital outperformance of China new economic system shares over the previous decade,” the report stated.

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(Except for the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)

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