Key Points
Raamdeo Agrawal said this is the decade of the Indian capital market at at BCAS ReImagine 2024 event organised by Bombay Chartered Accountants Society..
It is an opportune time for all well-managed, large unlisted companies to go public, Motilal Oswal Financial Services' Chairman Raamdeo Agrawal said on Saturday in the backdrop of a record 42 lakh demat accounts opening in December, which he termed as the biggest economic event that has happened in India after 1992...
This is the decade of the Indian capital market, he said as he urged the people to increase their allocation in equities...
He said this during a panel discussion on Ride the Capital Market- Take the Bull by its Horn which also had Kotak AMC Managing Director Nilesh Shah and Deven Choksey, Managing Director at DRChoksey FinServ Pvt..
If the world is going to create $250 trillion of more wealth, and we have almost 18% of the total world population, and 20-22% of the young population, we might create 30% of total wealth, Chauhan said.. Speaking on the role of technology he added that the new technology revolution will create more wealth in the next 50 years than it was created in the last 10,000 years in the world...
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