Indian Markets Can Generate $3-Trillion Wealth In 10 Years: Jayant Sinha


NEW YORK: Bullish on India story of development, BJP MP and former investment manager Jayant Sinha today said the country has potential to become a $5 trillion economy and its stock market can generate $3 trillion of wealth in the next ten years.

Sinha, who was here at the India Investment Forum organised ahead of Prime Minister Narendra Modi's five-day visit to the U.S., said that India was determined to show to the world that there can be an 'India model of development' and it could be much better than the China model and those based on 'authoritarian powers'.

Son of former Finance Minister and senior BJP leader Yashwant Sinha, Jayant won Lok Sabha elections from Hazaribagh in Jharkhand state earlier this year and formerly he was Managing Director of Omidyar Network India Advisors.

He also served on the five-member global Executive Committee of Omdiyar Network, which is the world's leading impact investment firm with about $700 million in deployed capital. ON was founded by Pam and Pierre Omidyar (Founder and Chairperson, eBay).

Talking about his days before elections, Sinha said "not long ago I used to sit in such conferences as an investor and I'm privileged to talk to you today and I am grateful that my party, BJP, has given me an opportunity to present our economic policy on such platforms.

"I was often equated with Nandan Nilekani and Meera Sanyal when I was fighting elections during Lok Sabha polls. But I've always said that my story was different, as I was staying in the US earlier and I decided to contest from a place which was among the poorest in the country and was also naxal-infested," he said.

Source: PTI