India’s equity market could nearly double in size to $10 trillion over the next four to five years, driven by strong economic growth, disciplined regulation, and a deepening culture of financial participation, according to Raamdeo Agrawal, Chairman and Co-Founder of Motilal Oswal Financial Services.

Speaking to CNBC-TV18 on the sidelines of the release of Motilal Oswal’s 30th Wealth Creation Study, Agrawal said India is already well ahead of the curve in terms of financialisation, even though per capita income remains under $3,000.

“We have a $5 trillion market today, and in the next four to five years, we will have a $10 trillion market given the disciplined way in which the system is being managed,” Agrawal said. “Our regulators have been disciplined, and the financial system has been

See Full Page