India’s share market capitalization is expected to rise to $5 trillion by 2024 from the current $3.5 trillion, catapulting the nation to the world’s fifth-biggest market, according to Goldman Sachs Group Inc.
Nearly $400 billion of market capitalization could be added from new IPOs over the next 2-3 years, Goldman Sachs analysts led by Sunil Koul, wrote in a note. Share-sale pipeline is expected to remain robust over the next 12-24 months, based on recent announcements from ‘new economy’ unicorns, analysts wrote.
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September 20, 2021 at 07:29PM
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Goldman Sees Indian Share Market Rising to World's Fifth Biggest - Bloomberg
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