Indian mkts can get $10 trillion size: BSE chief

Indian mkts can get $10 trillion size: BSE chief

Indian mkts can get $10 trillion size: BSE chief

Bullish over Indian stock market’s growth potential, top bourse BSE chief Ashish Chauhan has said its market capitalisation can grow over ten times in the next 10-15 years to surpass $10 trillion level with a right approach at various levels.

The markets, however, need to become a vehicle for generating funds to be invested across various sectors, rather than just being trading platforms, he said.

“If India has to take its rightful place at the global platform, it also needs to have a much higher market capitalisation and we need to have a large amount of participation from every nook and corner of the country,” Chauhan said.

When asked how and by when Indian markets can get an overall valuation of $10 trillion, the BSE MD and CEO said, “Indian markets would need to work to reach that target.

“Today, we have reached around $1.6 trillion (over Rs 100 lakh crore) and over the next ten years, if we work hard, we increase our investor base, from within India and abroad, we increase investments in different areas, then there is no doubt that India can grow 10 times over the next 10-15 years. So, by 2030 we can reach that range,” he said.

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