Among the key developed and developing nations, we are one of the youngest countries, certainly younger than the US, Australia, China, South Korea, UK, France, Germany and Japan.
1) Increased savings: Several economies, such as Japan, South Korea and China, were able to benefit from the rise in their working population by engaging them in productive employment, ushering in periods of sustained economic growth.
India is, however, transforming rapidly into an urban country and the pace of transformation is only expected to accelerate going forward, driven by the migration of labour from agriculture to urban-based industry and services and increased agricultural production.
At the same time, India will also lift nearly 25 million households out of poverty which will reduce the share of households below the poverty line to 5 percent, down from 15 percent currently.
As the economy undergoes this structural growth, can the markets remain far behind? We believe as the economy grows, markets will run at a faster pace and create massive wealth for the investors.