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Steady amid global meltdown, can India become the market of the next decade?

Steady amid global meltdown, can India become the market of the next decade?

From left, Bharat Shah, executive director, ASK Group; Ajay Bagga, chairman, Elyments Platforms; S Naren, CIO and managing director, ICICI Prudential Mutual Fund; and ace fund manager Prashant Jain at the Morningstar Investor Conclave in Mumbai; image courtesy: Twitter.

Synopsis

As the global bond and equity markets crash, experts believe the developed world will not see any returns for a long time. Against this, India has performed much better, with the stock market staying flat in the past six months while the S&P is down 20%. Will Indian markets deliver under such a scenario?

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7 mins read, Last Updated:
“I think we need to thank the people who are sitting here in this room. They are the ones who have kept the faith and invested in Indian market,” S Naren, CIO and managing director, ICICI Prudential Mutual Fund, said at the Morningstar Investor Conclave last week. The crowd was ecstatic. Prashant Jain and Bharat Shah, two of the most experienced fund managers in Indian markets, agreed with him. They were discussing Indian equity market and where

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