Zee Biz Exclusive: India creating unparallel economy miracle in human history – market experts in conversation with Anil Singhvi

The experts were speaking at the 21st World Congress of Accountants 2022 session on the Indian economy structure and the story ahead, which was moderated by Anil Singhvi.

India will be a trustworthy and reliable factory as well as the front office of the world, says Munot: Image Source - ICAI Twitter

In an exclusive conversation with Zee Business Managing Editor, HDFC AMC, MD & CEO, Navneet Munot, Kotak AMC MD Nilesh Shah and MK Ventures Founder Madhu Kela are bullish on India’s economic and stock market growth prospects on long-term basis.

The experts were speaking at the 21st World Congress of Accountants 2022 session on the Indian economy structure and the story ahead, which was moderated by Anil Singhvi.

India – the only shining and rising star

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According to Munot, “We are creating an economy miracle unparalleled in human history as India’s growth will be a lot more sustainable, democratic, equitable and inclusive while turning from emerging markets to emerged.”

''The only shining & rising star in the world is INDIA''

ऐसा क्यों कहा अनिल सिंघवी ने?

ग्लोबल इकोनॉमी में भारत की जरूरत कैसे बढ़ रही है?

देखिए बाजार के दिग्गजों से अनिल सिंघवी की बातचीत@AnilSinghvi_ @NileshShah68 @theicai @MadhusudanKela #NavneetMunot #IndianEconomy pic.twitter.com/qECuSx6hpi

— Zee Business (@ZeeBusiness) November 21, 2022

He added, the change and growth in the economy is evident with India taking the G20 presidency, the world needs India a lot more at this point. “Our growth is not about rising GDP or economy figures, neither about higher market cap, but about different growth model than in any other part of the world.”

India will be a trustworthy and reliable factory as well as the front office of the world, the MD and CEO of HDFC AMC (Asset Management Company) said in his comment.

Six Indian cities are among the top 10 fastest-growing economy

आने वाले 25 साल क्यों हिंदुस्तान के होंगे?

भारत विश्व में कैसे हो रहा है अग्रेसर?

दुनिया के 6 सबसे तेज बढ़ते हुए शहर भारत से हैं?

देखिए बाजार के दिग्गजों से अनिल सिंघवी की बातचीत@AnilSinghvi_ @NileshShah68 @theicai @MadhusudanKela #NavneetMunot #IndianEconomy pic.twitter.com/pWWTbBRjDp

— Zee Business (@ZeeBusiness) November 21, 2022

Nilesh Shaha of Kotak Asse Management Company said that six of the top 10 fastest-growing cities in the world are in India today. They are Delhi, Kolkata, Chennai, Bangalore, Hyderabad, and Mumbai.

“If cities continue to be in the fastest growing economy list eventually India shall also be a fastest growing country in the world,” he added.

Shah said that India is the only country in the world that has improved its Debt-to-GDP ratio between the 2008 recession and the Covid period. To talk about the corporates' contribution, Amul has outperformed in all parameters and may become the world’s largest FMCG company in the coming years, he said.

Where does India’s Stock Market stand

According to MK Ventures Founder Madhu Kela, “When we came into the stock market, India was struggling to enter in G20, and today, PM Modi is G20’s chief. Similarly, India’s geopolitical situation is so strong that two superpowers of the world – US and Russia are calling India their best friend.”

बाजार में कितना बनेगा पैसा?

क्या पैसा लगाने का सुनहरा मौका अभी भी बाकी है?

बाजार में क्या है IMPORTANT?

बाजार अगर झटका दें, तो क्या करें?

देखिए बाजार के दिग्गजों से @AnilSinghvi_ की बातचीत@NileshShah68 @theicai @MadhusudanKela #NavneetMunot #StockMarketindia pic.twitter.com/71qVwZzLf3

— Zee Business (@ZeeBusiness) November 21, 2022

The world has started realizing and recognizing the importance of India, Kela further said.

With the clear direction, the growth journey of a $3 to $30 trillion market cap is likely in the next 10-20 years, however, in between this journey market may see some shocks, he said, adding that the important is how long and far you sit tight with right investments in the market.

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