Investors have been pouring money into India’s stock market, and it may grow to more than $5 trillion to become the fifth largest in the world within 3 years, according to Goldman Sachs.
Indian start-ups have raised $10 billion through IPOs so far this year – more money than was raised in the last three years, the investment bank said in a report dated Sept. 19.
Looking forward, we think Indian equity indices could see a larger representation of the new-economy sectors over the next 2-3 years as the large digital IPOs get included in the index.
-Goldman Sachs
