As market hits record high, should you bet on largecaps or smallcaps?
Stock market today: India has been at the center of the global political and economic discourse for some time now. As the fastest growing large economy in the world, India is viewed with respect among the comity of nations. According to IMF, India will contribute 15 percent to the global GDP growth this year.
At a time when China is decelerating fast, India is looked up on with lot of hope. The fact that India is a democracy unlike many other countries with autocratic, unstable political systems adds prestige to India’s status. The four Ds of India - Democracy, Demography, Digital leadership, and Domestic consumption-led growth – have the potential to transform India into the third largest economy in the world by 2027-28 and an $8 trillion economy by 2032.
Also read: EMS IPO last day today: GMP, review, other key details. Should you subscribe? The G20 Delhi Declaration has come as a crowning glory for India. The inclusion of the African Union in G20 and the proposed India-Middle East- Europe Economic Corridor (IMEEC) are diplomatic triumphs for India.
India has emerged as the voice and symbol of the Global South and the ascendence of Prime Minister Modi as a tall global statesman are matters of pride for India. From the market perspective, what are the implications of these positive developments? Indian equity markets will continue to attract a lot of money – both domestic and global. Growing awareness about equity investment and financialisation of savings will attract huge domestic capital flows.
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