In next 20 years, Indians will generate $10-15 trillion of wealth in listed companies: Jayant Sinha

Now, we are at $4 trillion GDP approximately and we are growing at 6-7 percent a year, which means GDP will double every 10 years or so, said Jayant Sinha

India's market capitalistion-to-GDP has been in 1:1 ratio and in the next two decades, Indians will generate $10-15 trillion of wealth in listed companies alone, said BJP MP Jayant Sinha at the Morningstar Investment Conference in Mumbai.

"This additional wealth creation is about four times of what we have done in the past 20 years," Sinha said, adding that the green energy, digitisation and de-risking global supply chains are the big themes playing out at the moment.

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"What is the Fed going to do? What's going to happen to oil prices? What policies is the government going to introduce in the budget, that's the noise that surrounds our day. Investors need to look beyond these," said Sinha at the conference.

"Now, we are at $4 trillion GDP approximately and we are growing at 6-7 percent a year, which means GDP will double every 10 years or so. By the time 2047 rolls around, our GDP will be about $15-20 trillion. It is simply the law of large numbers," he said, breaking down the numbers.

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Given the correlation between GDP and market capitalisation of listed India Inc, Indians will generate $10-15 trillion of wealth in listed companies in the next 20 years, he said.

Amid global conflicts, India emerges as a safe haven, leveraging its demographic dividend, robust economy, democratic stability, and competitive federal structure, Sinha added.

"The past decades were just a prelude; the real crescendo of wealth generation in India is on the horizon," he said.

As per NITI Aayog, a vision document aimed at making India a developed country is in its final stages and a draft is expected to be ready by December. Forecasts by NITI Aayog indicate that India's economy is poised to reach an astounding $30 trillion by 2047, accompanied by a per capita GDP of $17,590.