In lives of men and in nations, there aren’t very many moments which are truely historical in the sense the world is never the same again. Tomorrow, we are at the cusp of one such moment when the Indian polity, as we have known hitherto will never be the same again.
With the incumbent government winning a third term with a full majority, the Bhartiyakaran of the Indian state will be complete. We will break shackles of the left-leaning, pseudo socialist and anti Bhartiya narrative which had ruled the nation for over 80% of the post independence period.
This will be the beginning of an era when the India will be run by a system which takes prides in the Bhartiyata of our culture; which puts the safety of our nation borders first and is hell bent on retaking our rightful place at the Big Boys table on the global arena; which wants India to have the best public infrastructure, which is striving to free the country from the malaise of deep rooted inefficiencies and ofcourse, is not shy of the cultural roots of our great land.
By the time this government completes its term in 2029, half the bureaucracy at the lower to mid level would have no idea how the babus used to be the Kings in the old days of socialistic planning societies. The country would have moved past the days of power shortage, bad airports and filthy railway stations, potholed roads and a mobile connectivity only in the name for over 15 years. The nation would be a thumping Third Largest Economy, with over a Trillion dollars of Exports; the mega expressways connecting the citiess would already be operational; Bullet train would be up and running; Indian households would be running on Solar energy and the Indian consumer the toast of the world through its insatiating lust for the luxury goods.
Come tomorrow evening and we will have the political stability at the very top for the next five years wherein we can harness on the mega foundations laid down in the previous five years. The highways which are currently under construction will be completed at a faster pace and the economy which has finally moved out of its perpetual repair mode can finally take giant strides forward.
The Wait at Ayodhya took over five hundred years; Kashi and Mathura will not take that long. Our temples and public places are getting cleaner at also maintained better; The rise of jihadi element in Europe must be a wake up call for all those high on the Woke opium. India cannot afford another lost decade and I’m so happy that the Elephant’s dance has finally begun.
Today’s markets only reflected part of what is to come over the next decade. This will be and is most likely to the Indian decade like the US had in the 1980s. Our companies are growing at a fast clip and the market capitalisation will grow at an even faster clip. Our markets are already the fifth largest in terms of capitalisation and we will rigthtfully lay claim to be the second largest in another five ten years. The Indian middle class is only waking up to the equity cult. Once the markets move up and the FIIs come in, as they bloody have to with their hats in hand, the Indian markets will experience a bull run unheard of in the history. Never before in the history that a $3.5 Trillion economy growing at 7-8% a year was so underallocated by the large Global funds.
With the Chinese weights in the Emerging market indices going down, India is already close to 17% weightage which will only go up from here. Our Mutual fund industry is hardly $700Billion in size whereas Blackstone alone manages over $10 Trillion. Once you have the sovereign wealth funds lining up for a piece of action, the daily funds inflow will be close to $3-5 Billion for years to come.
I see a bull run like never before. Like Rakesh Jhunjhunwala has maintained, the mother of all bull markets is ahead of us in India and there will be a Tsunami of flows rushing inside the country. I’ve unwavering belief that our markets will triple by the time 2030 is here and most stocks selling for peanuts will be worth their weights in gold. If you’re on the right side of the India story, you will make 10x in 5 years or less.
The Bet on India is beginning to work! The amount of wealth creation which will take place in the rest of this decade will be cumulatively more than what has been made in the past 75 years put together. I can’t wait for tomorrow’s final figures, can you!
Disclaimer- The views expressed in this blog are personal opinions and are shared for educational and informational purposes only. They should not be considered as financial, investment, or legal advice. I write primarily to document my own learning and thinking process. I am not a SEBI-registered investment adviser, research analyst, or financial influencer, and no part of this blog should be seen as a recommendation to buy, sell, or hold any security. Please do your own research or consult a qualified professional before making any financial decisions.
Life is all about Compounding! 