I’m not joking. Neither I’m exaggerating. I sincerely see Nifty at 50,000+ by 2030.
Many people were in disbelief in 2016, when Sensex was at 28,000 & I said it’s heading towards 10,00,000 by 2050. Meanwhile, it’s 2023 & we’re already at 65,000!
Even today, when Nifty is at 19,300, some people would be in disbelief when I see these 50,000 targets.
They were in disbelief when Nifty was 15k last June (while others were predicting 10k in Nifty) & I said we’ll hit 20,000 in 2023.
Anyway, I see strong corporate earnings in India.
Ours is a growth economy with mass consumption, majority of young population who are willing to earn & splurge in years to come. Macro Fundamentals of India as a whole are strong. All the earnings growth levers are going to fire now on.
With rise in earnings, the stock prices too will grow.
By 2050, I expect at least 10, Trillion $ Indian companies. Right now we have none. Our largest company, Reliance trades at mere 1/4th of a trillion $. While Apple just surpassed $3 trillion market cap yesterday.
The opportunities in India are enormous. Don’t be blind to them.
Nifty at 19,000 is nothing. I repeat. Nothing. You’ll realise this when you’ll see Nifty at 50k, 100k & even 300k few years down the line. Just like those who missed investing when Nifty was at 3k, 6k, 10k & even 15k and regret now.
Invest, stay invested & you’ll build generational wealth from stock market. Massive money is going to be minted.
Bet against anything but India.
Be a part of this growth story.
