New Delhi, December 11 (IANS). In India, between 2020 and 2025, i.e. in the last 5 years, wealth creation broke the biggest record of 30 years. During this period, the market cap of the top 100 companies of the country has increased by Rs 148 lakh crore. This surge has come due to the rapid recovery after the Covid-19 pandemic. This information was given in a report by Motilal Oswal Financial Services Limited (MOFSL).
According to the MOFSL report, the biggest money making sector is the financial sector (such as banks and insurance companies). This is followed by industry, technology and utility (public services) sectors. Public sector companies (PSUs) are also growing rapidly in sectors like defense and energy.
The report said that Bombay Stock Exchange (BSE) and Hindustan Aeronautics (HAL) have created the most wealth during this period.
According to this report, India has now become the fourth largest stock market in the world.
Ramdev Agarwal, Chairman, Motilal Oswal Financial Services Limited, said, “India is now in the fastest phase of wealth creation. As our economy grows from $4 trillion to $16 trillion, huge new investment opportunities will be created during this period.”
He said, “Long-term wealth will be created only by those who invest in good companies. It is very important that you choose the right companies.”
The report said India’s GDP has grown from $1 trillion to $4 trillion in the last 17 years and is expected to grow four times in the coming 17 years.
According to the report, in this MTD (Multi-Trillion Dollar) era, the financial sector and companies making consumer goods (like cars, smartphones, and everyday items) will grow very fast.
Additionally, the report said that this era will see many compounding stocks (growth stocks). Along with this, large cap companies can perform even better in the future.
— IANS
Durgesh Bahadur/ABS
