“India could be $ 5-tn economy by 2025…” Hardeep Puri hails India’s rise to 4th largest stock market

Jan 23, 2024

Yavatmal (Maharashtra), January 23 (ANI): As the Indian stock market has pipped Hong Kong to become the fourth-highest equity market globally, Union Minister Hardeep Singh Puri on January 23 hailed India’s rise. Reacting to the development, he said that global interest in India is increasing every day and India could become USD 5 trillion economy by 2025. He further said, “We are the fifth-largest economy, the fourth-largest stock market. I think that in the next 1-2 years, we will not only be the fourth-largest economy but we will go further ahead. I was somewhere and someone told me that we would be a 5 trillion economy by 2028. I told him that there is no need to wait until 2028, it will happen by 2024-25. We will then be a 10 trillion-dollar economy by 2030. Global interest in India is increasing every day. It is looking very good.” Further, Shailesh Pathak, Secretary General of FICCI said, “Stock markets will go up and down. More important is economic growth and momentum on Corporate profits.”