India to save over $50 Billion in equity by 2020
By
SiliconIndia,Wednesday, 08 September 2010, 23:06 Hrs
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.
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.
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Reader's comments (1)
1: the consumer market in India is really
growing fast.
Posted by: Hiten - 09 Sep, 2010
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