India’s stock market is poised to more than double its value, reaching $10 trillion by 2030, as per a recent note by analysts at Jefferies.

What Happened: A Business Insider report revealed on Thursday that Jefferies analysts foresee a substantial increase in the value of India’s stock market. Currently standing at $4.3 trillion, India is the world’s fifth-largest equity market.

Over the past 20 years, the Indian stock market has consistently delivered 10% annual returns. Despite this remarkable performance, Jefferies analysts predict that investors can expect returns of 8%-10% over the next five to seven years.

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The analysts’ note stated, “Assuming market returns in line with the last 15-20 year history and new listings, India will become nearly a U$10trn market by 2030 – impossible for large global investors to ignore.”

The report also underscored that India has emerged as a preferred destination for global capital inflows, especially in the wake of China’s economic instability.

India’s financial reforms, favourable geopolitical dynamics, burgeoning entrepreneurial landscape, and focus on services exports are all contributing to its robust growth prospects. The note also projected that India’s GDP will likely reach US$5 trillion over the next four years, making it the third-largest economy by 2027.

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