New Delhi: India’s economy has experienced significant growth over the past decade, spanning sectors from startups to conglomerates. In a series of posts on X, Hitesh Jain, Vice President of BJP Mumbai Pradesh, shared a recent report by Motilal Oswal, a leading financial services firm. Jain, citing the report, highlighted that India’s structural growth has been driven by strategic reforms under Prime Minister Narendra Modi. Despite criticism from Congress leader Rahul Gandhi and reports such as the Hindenburg Report, the data presented in the report serves as clear evidence of India’s thriving economy and its rise as a global investment destination.
Jain also addressed Rahul Gandhi’s claims of monopolisation, stressing that the report counters these allegations by underscoring the inclusive nature of India’s growth. Gandhi, while addressing an election rally in Jharkhand on Friday, again alleged that the NDA government would sell tribal lands to a few businessmen.
The report further highlights that businesses of all sizes—from small startups to large corporations—have benefitted from reforms that promote competition and innovation. Far from monopolies, the nation’s economy is diversifying, reinforcing its position as a prime destination for global investment.
‘Viksit Bharat by 2017 no longer a distant dream’
The report also discusses India’s progress towards becoming a ‘Viksit Bharat’ (Developed India) by 2047. It asserts that this vision is no longer a distant dream but a trajectory that is already being realised. The government’s reforms in infrastructure, business policies, and entrepreneurship are crucial to this advancement, all while maintaining stable macroeconomic conditions.
Several key reforms have driven India’s high-quality growth. These range from world-class infrastructure and business-friendly policies to a thriving entrepreneurial ecosystem. Stable macroeconomic conditions and rising domestic equity flows have further solidified India’s position as a global investment hub. Geopolitical shifts, particularly the China+1 strategy, have played a significant role in positioning India as a key alternative in the global supply chain.
India’s economic growth signals a shift in global capital, with high-growth mega-cap stocks like Reliance and HDFC attracting global investment. The equity market has expanded, addressing past concerns over limited investment options. In the early 2010s, the market had a narrow sector focus and few large, deep stocks. However, in the last five years, market capitalisation has surged, with broader sector participation and a wave of new stock issuances.
‘Market capitalisation of Indian companies has surged’
The report highlights India’s expanding “investible universe,” addressing past concerns about limited investment options. Over recent years, the market capitalisation of Indian companies has surged, with greater participation across various sectors and an influx of new stock issuances, broadening investment opportunities.
India’s growing prominence in global markets is another key highlight. The report reveals that India now boasts 11 mega-sized companies with market caps exceeding INR 5 trillion—up from none in 2014. The country is now the second-largest emerging market by market capitalisation, with its share rising from USD 1.2 trillion in 2014 to USD 5.4 trillion in 2024.
India’s key indices, including the Nifty-50 and Nifty Midcap100, have also shown impressive growth, underlining the positive momentum in the country’s equity market and its rising global profile.
