Indices zoomed 15x in US, 20x in Japan when GDP doubled; India story has just begun: Radhika Gupta

Edelweiss Mutual Fund MD and CEO Radhika Gupta says this is an incredible decade for India, adding the prospects for equity returns are bright given the GDP growth trajectory.

“We are going to be a $4-trillion economy by the end of this year. And if you see the trajectory of the economies from $2 trillion to $5 trillion, three countries have done it before us. The U.S., Japan and China. When this 2X happened in US GDP, their markets went up about 15 times. When it happened in Japan, their index went up 20 times. In China, it took only four years. It was a quick rally and their markets went up about four to five times. Since we have embarked on our journey, the market has gone up only two and a half to three times,” Gupta says.