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Search resuls for: "Manish Chokhani"


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After overtaking Hong Kong's stock market in December, India currently has the fourth largest in the world, and is now valued at over $4 trillion. India's market capitalization can easily grow to $40 trillion in the next 20 years, driven by stronger investor confidence and robust economic growth, analysts said. After overtaking Hong Kong in December, the country's market is now ranked the fourth largest in the world, valued at over $4.6 trillion. "India's GDP growth has led to companies increasing their earnings and that is resulting in the stock market performance," said Atul Singh, CEO and managing director of wealth management firm LGT Wealth India. The country's financial year starts on April 1 and ends on March 31.
Persons: Sujan Hajra, Anand Rathi, Manish Chokhani, Atul Singh Organizations: Hong, Enam Holdings, BSE, LGT Wealth, India's Ministry, Statistics Locations: India, Hong Kong
India is not the new China, and the emerging superpower is marching to the beat of its own drum and could "enjoy some very high growth years," said Riedel Research Group. "Definitely prefer India over China," he continued. "China's economy [is] much larger but this is a notable shift as India has perennially underperformed China." Riedel also maintained that India is a "very different country" from what China is today and ever was. "The whole mutual fund business, the private sector banking business ... they really have a decade of growth ahead of them."
Persons: David Riedel, Riedel, Morgan Stanley, Manish Chokhani, CNBC's Organizations: Research, CNBC, P Global, Enam Holdings Locations: Mumbai, India, China, Japan, Germany
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