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India’s GDP is likely to touch 8 trillion USD by 2030, believes Raamdeo Agrawal, Chairman, Motilal Oswal Financial Services. He said this during the unveiling of new investment strategy of Motilal Oswal Mutual Fund - ‘High Quality High Growth’.
Agrawal said that India’s market cap will match its GDP. He said, “India is seeing a Goldilocks economy right now and the market valuations are no longer high. I think in the coming years India’s GDP will grow at a very high pace with many startups showing exponential growth and the GDP is likely to touch 8 trillion USD by 2030 if the current pace continues.”
Agrawal believes that the exponential growth of India will come from digital or digitally driven businesses.
Talking about the new philosophy, he said, “Our commitment to excellence and long-term value creation for our investors is at the core of everything we do. We have a unique investment framework. We will continue our disciplined adherence to the QGLP philosophy, underpinning our commitment to delivering long-term value via High Quality, High Growth portfolios.”
Navin Agarwal, MD & CEO of Motilal Oswal MF said, "In this dynamic market, we will keep a close eye on our investing framework and risk management. This helps us stay agile, adapt to change, and consistently deliver value to our investors. It serves as our compass in navigating the evolving investment landscape and ensuring we remain at the forefront of industry developments.”
Prateek Agrawal, Executive Director, Motilal Oswal AMC said, “We have a strong emphasis on risk control by focusing on high-quality companies with a history of stable performance, thereby reducing portfolio volatility.”
