What a $5 trillion economy could mean for Nifty 50
If Nifty 50 is to grow to 30,000 over the next 10 years, it should give annual returns of 7-8%
Numerous economists have rubbished the Narendra Modi government’s goal of $5 trillion gross domestic product (GDP) by 2025. But we tried to focus on the positives, taking a more realistic target of 2030. Following a rather conservative approach, we tried to work out how achievable the goal is, and what it would mean for Nifty 50?