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Imagine Nifty50 at 1,75,000. Yes, this is possible. According to Zee Business Managing Editor Anil Singhvi, Nifty could reach this level after 25 years from now when India celebrates the centenary of its Independence. Stating that the next 25 years belong to India, he said that Nifty, on average, doubles every 7 to 8 years. “Today, Nifty is at 17,500… in the next 7 years, it will be at 35,000, in 14 years from now it will be at 70,000. 1,40,000 in 21 years and in the next four years Nifty could be around 1,75,000.”
Anil Singhvi also sought to mention that the pace of Nifty’s advancement is now much faster than earlier. To put things into the right perspective, the market guru said that “we were earlier dependent on FIIs but now the scenario has changed.” “I don’t think that the market will now take 7 to 8 years to double like earlier…the pace will be much faster now.”
Another factor, he said, is that India’s economy is very strong. “We have big companies..their earnings are good. We are among the top 5 economies in the world. I don’t think that it will take 7-8 years for the market to double.”
“From 17,500 to 2-2.50 lakh in 25 years… to reach this level Nifty doesn’t have to grow very fast, an annual growth of 12%-13% and this will be achievable. Now you will think only 12-13%… but the compounding effect is tremendous,” he said.
“We want to tell you that stay invested, you will reap the benefits,” he said.
ALSO READ: India@100: Anil Singhvi picks 25 special stocks for bumper returns in long term – Full list
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