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

"In contrast, the other two fought from heavily urbanised places and both of them stayed for most part in India. The degree of difficulties I had to face was much more different, but as luck would have it, I won elections and other two lost.

"Even people got it wrong when they said Jayant Sinha was moving from Harvard (where he studied) to Hazaribagh. It was the other way round as I was born and brought up in Hazaribagh and went to Harvard from there."

Speaking on the topic of what India needs from the world and what the world can expect from India at the conference organised by the Institutional Investor Forums, Sinha said, "The Indian economy is today a $2-trillion economy and we have also grown at 7-8 per cent growth and we can double the economy to $4 trillion in ten years if we are able to regain that growth rate.

"Even rupee can go from Rs 60 level to become stronger and in US dollar terms we can become a $5-trillion economy in ten years.

"The market cap of India has also broadly been in the same ratio to the economy and the Indian market can also therefore go to $3 trillion in the next ten years and that too only/ for listed companies and the unlisted companies can add another trillion dollar," Sinha noted.

"That is the potential Indian markets present today. There are investors who have lost money in China, but all those who invested in India have seen biggest of the wealth creation opportunity," Sinha said.

He said that he was confident his party and the Prime Minister were going to stay in power for at least ten years and this was good enough time to take the country to greater levels.

Sinha said it was more about what India can give to the world, although India also needed certain things from the world like energy, capital and technology.