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At Cafemutual Ideas Fest (CIF) 2024, Dhimant Shah, Senior Fund Manager - Equity, ITI MF shared some insights about the emerging global trends that will shape the equity markets in the coming years.
Economic shift
Dhimant believes that a concrete economic shift can be witnessed in the world where countries which were powerful yesterday are not necessarily powerful today. He believes by 2050, the top 10 economically powerful countries will change by 50% if not more.
Demographics
Shah shared that the world is facing an aging problem. The World Health Organization estimates that by 2030, 1 in 6 people will be over 60 years or over. However, India is facing the opposite trend where more than 50% of its population is below the age of 25. This demographic overhand puts India in an interesting position that will ultimately benefit the country.
Urbanization
45-50% of the world's population lives in an urban setting which will be moving towards 70% shortly. Dhimant believes that the human consumption pattern, be it energy or food will see a meaningful change in the near future.
Technological change
Shah emphasized that the developments in the technological landscape including AI and quantum computing will revolutionize how we look at every aspect of human existence and not just finance. He believes the technological revolution will not be a linear jump but rather a geometric one.
Dhimant also spoke about the local trends that affect the equity market in India. He spoke about digitization being a powerful tool in the advancement of India and the government's aggressive approach to bringing more people online will push India forward.
Dhimant also spoke about the opportunities for India on becoming a key supplier in global supply chain.
You can watch the complete session by clicking HERE
