News

India to save over $50 Billion in equity by 2020

By SiliconIndia   |   Wednesday, 08 September 2010, 23:06 Hrs   |    1 Comments
Print Email
India to save over $50 Billion in equity by 2020
Mumbai: India's savings in shares and debentures are likely to touch $25 billion in 2015 and $54 billion in 2020 from $13 billion in 2008, according to a research study.

Nandan Chakraborty, Managing Director of Enam Securities Institutional Equity Research, India's pool of financial savings is expected to double to $273 billion in 2015 and $539 billion in 2020. The country's GDP is also expected to go up to $2.9 trillion in 2015 and $5.8 trillion in 2020.

The government's revenue is expected to rise up by $87 billion by 2015, following the implementation of Direct Taxes Code (DTC) and GST. DTC and GST, according to Chakraborty, are expected to add $35 billion and removal of other exemptions to add $29 billion to the government's revenue.

According to the report, the non-tax revenue of the government is estimated at $23 billion. On the other hand, the divestment will generate $9 billion in FY'11 and another $3 billion would be generated through divestment in subsequent years.

India's market cap will be at $2.6 trillion in 2015, making it the fifth largest in the world. In addition, India would be world's eighth largest and fastest-growing economy in 2015 with its GDP at $2.9-trillion, said the report.

The report further said that India is the fastest-growing consumer market in the world with the private consumption at $1.7 trillion. Indians buy 4.7 million cars per annum which is larger than that of Japan, the report adds.

Write your comment now
 
Reader's comments(1)
1: the consumer market in India is really growing fast.
Posted by:Hiten - 09 Sep, 2010
Beautiful and dress selection, please go to Dresses
Sign Up for DailyDose and Read the Day's Highlights
Email:
SiliconIndia About Us   |   Contact Us   |   Help   |   Community rules   |   Advertise with us   |   Sitemap
News:       Technology   |   Enterprise   |   Tech Products   |   Startups   |   Finance   |   Business   |   Career   |   Magazine  |   Dailydose   |   News archive  
Network:      Network   |   Profile   |   Messages   |   Find   |   Blogs   |   Events   |   Q&A   |   CXO Insights  
Career:      Jobs   |   Companies   |   Mentorship   |   Videos   |   Career blogs  |   Training Institute  |   Freshers
Online courses:   Web developer   |   Java developer   |   CCNA training   |   SEO   |   SAS   |   SQL server 2005   |   J2EE
Education:   MBA   |   MCA   |   Engineering   |   Overseas Education   |   Internship
Life:           Jokes   |   Bookstore   |   Relocate  |   Marketplace
Cities:         Startup   |   Real estate   |   Finance  
Send your and help us continue to improve SiliconIndia
© 2012 SiliconIndia all rights reserved