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10 trillion economy by 2030 sounds like a dream right but not anymore. Victory of BJP in 3 states has given an assurance to investors that there will continuity of government in India. India is already 3 trillion economy and will be a 10 trillion economy by 2030 as per Market experts. What it means to general public is that there will more money in hands of public, more jobs, more infrastructure, more foreign investment, more spending power and quality of life etc. Modi slogan is a prime example of this “Sabka Sath Sabka Vikas and Sabka Viswas” and ensures that everyone will prosper along with whole society.
This was not due to only BJP victory in 3 state election but a perception that Modi is stronger now that before and GDP (7.6) numbers added spice to it along with rupees is getting stronger compared to dollar now and hope of American interest rate cut in 2024. India is set to become 10 trillion economy by 2030 and if GDP number will be somewhere around 7.5+ in coming years. Prime example of this is GST numbers which are all time high (1.67 Lakhs Crore)
Market gap up opening has given confidence to investors and victory of BJP ensured that there will be very less risk in India related to domestic issues or change in government. Adani group stock, Bank and Infrastructure stock helped Nifty to cross ~ 400 points, Sensex crossed ~ 1400 points and Bank nifty crossed ~ 1600 in single day boosting 5.67 Lakh crore rupees to Investor. A new energy is flowing into India market which will take India to 10 trillion economy by 2030.
Modi 1st term in office ensured that most of the regulatory changes are in place and 2nd terms targeted on India positioning on global map due to likes of Covid Vaccine, G20 hosting etc. Modi 3rd tenure will focus on India becoming 3rd largest economy in the world, so next 10 year will be crucial for India to become 10 trillion economy and 3rd largest economy. Indian people are very positive on Modi vision and mission for India to be a developed country by 2040!
Watch Modi full speech here https://www.youtube.com/watch?v=PDPPqG65vQ0
Modi has effectively efficiently planned India’s journey but due to covid it is delayed but not anymore, India is poised to become 3rd largest economy, Modi has set the ground in last 10 years and now is the time to capitalize onto it. There is euphoria in market that Nifty will cross 24000 by May 2024 and market has taken steps towards that and crossed lifetime highs on Monday 4th Dec. Crude oil prices helping Indian economy and with the victory of 3 major states, double engine government will run like a bullet train to make India a 10 trillion economy by 2030.
With this win in 3 states and hope of 10 trillion economy by 2030, there are few sectors which will continue to perform like Infrastructure, cement, metal, EV, Energy, Defense and Bank. Since last few months Bank haven’t performed well but on Monday most of them were up by 3%. Banks will play a crucial role in making India a 10 trillion economy. Since last few Months Modi mentioning about Market in his speeches, there is a hope that PSU companies can also perform continuously and we all can see the results in My PSU stock which are multi X in this year specially Bank, energy & Defense stocks.