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Indian Economy is expected to be over $5 trillion by 2025 – Madhusudan Kela

While the sudden rise in domestic indices may be worrisome for some investors, top market voices remain upbeat on India’s growth prospects. On discussion with ET yesterday, Madhusudan Kela, the chief investment strategist at Reliance Capital told that there is no better time for an average investor to do well in India and also predicts that the Indian economy will top $5 trillion by 2025. Now if we put that into perspective, the Indian economy will gain more than double in less than 8 years and at the end of 2016, India’s GDP would be at $2.26 trillion.

Actually, Madhusudan Kela is not the only one betting big on the Indian growth story. Kotak Mutual Fund’s Nilesh Shah called out to the investors to reap-in 15-20% returns from the market. Nilesh Shah spoke to the channel that he wants India to be owned by Indians. He also added that he wants retail Indians to be sitting on 15-20% roller coaster, even though the ride is scary and volatile. He says that if we stay back, in the end, it will be a pleasant ride.

Indian Economy

A Balasubramanian, the CEO of Birla Sun Life Mutual Fund said that in a large country like India, the impact of structural changes will take time to fructify. He also said that India can become a leader in the global economy in the next 5 years. However, he also said that it is imperative to “put trust on the table.” In conversation with ET Now, he said, “Every citizen of the country must show conviction and faith that we will do things right.”

Every investment supporters around the world are talking highly about India’s growth story. The Co-Chairman of Oaktree Capital, Howard Marks, said last week that he made his first trip to India in February and also added he was very much impressed by the people by the power of the country. He says with no doubt that he believes in India’s Future.

Previously, in an interview with CNBC TV18, renowned investor Marc Faber — the author of Gloom, Boom & Doom report — had reinforced his preference for investing in India over the US on the back of a strong government led by Prime Minister Narendra Modi, whom he had referred to as “a leader (who) is gradually implementing reforms against the opposition from vested interests and corrupt government officials.”

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