Mr Jain stated India’s economic system is flourishing due to structural reforms
New Delhi:
Citing a report back to again up his statements, a BJP chief and managing accomplice of a regulation agency has strongly countered Chief of the Opposition Rahul Gandhi’s declare on “monopolisation” in India and stated the nation is changing into a premier international funding vacation spot beneath Prime Minister Narendra Modi.
In a collection of posts on X on Saturday, Hitesh Jain, Managing Accomplice, Parinam Legislation Associates and BJP Mumbai Vice President stated a report by Motilal Oswal has supplied concrete proof of structural progress in India throughout all sectors, from startups to mega firms, within the final decade. Making a point out of “relentless assaults” by Congress MP Rahul Gandhi and “Hindenburg’s important reviews”, he stated India’s economic system is flourishing due to structural reforms.
“Amidst relentless assaults by Rahul Gandhi and Hindenburg’s important reviews, right here is concrete proof of India’s structural progress throughout all sectors-from small startups to giant conglomerates within the final decade. This is not a story of monopoly; it is the story of a nation changing into a premier international funding vacation spot. A Viksit (developed) Bharat by 2047 is not only a imaginative and prescient – it is a path we’re already on, empowering companies of all sizes and shaping India’s future,” Mr Jain wrote.
Motilal Oswal India’s main monetary providers corporations newest report affords a strong glimpse into India’s monetary journey, pushed by a decade of strategic reforms beneath PM Modi. Amidst relentless assaults by Rahul Gandhi and Hindenburg’s important reviews, right here is concrete…
— Hitesh Jain (@HiteshJ1973) November 9, 2024
“Additional, this report disproves Rahul Gandhi’s claims of ‘monopolisation’ by highlighting the inclusive progress throughout sectors-from startups to giant caps. India’s economic system is flourishing on account of structural reforms, making a vibrant ecosystem for companies of all sizes,” he added.
Posting parts of the report in addition to charts from it, the BJP chief stated secure macro circumstances in India, strong foundations and a thriving entrepreneurial ecosystem have contributed to high-quality progress and that the nation is rising as a strong various on the worldwide stage with a number of nations embracing the China+1 technique.
“This mix of measurement, progress, and variety is unmatched globally,” he wrote.
Mr Jain stated whereas traders have been involved within the 2010s concerning the “restricted investible universe of Indian equities”, there was an enormous transformation prior to now 5 years. He additionally cited high-growth shares like HDFC to state that Indian equities have a promising future when it comes to attracting international capital.
“India now has 11 mega-sized firms with a market cap over INR5 trillion, in comparison with zero in 2014. With a surge in mid- and large-cap corporations, the fairness market is full of potential giants,” he stated.
Emphasising that India is now the second-highest rising market when it comes to market capitalisation, Mr Jain stated the nation has seen a decade of astounding progress.
“Nifty-50, Nifty Midcap100, Nifty Smallcap100, and Nifty-500 have seen large positive factors prior to now decade, with market caps rising by 4.3x, 5.4x, 8.1x, and 5.8x, respectively. India’s fairness indices are on a powerful rally,” he wrote.