Friday, 5 December 2014

Nifty Might Touch 1, 25,000 Mark by 2030

According to the chief investor, Rakesh Jhunjhunwala, Nifty may touch the mark of 1, 25,000 in the next 15 years by 2030. He stated that 15 years ago Nifty Sensex was at 850 marks, which has now reached up to the level of 8500, which is 10 times more. In the comparison of last 10 years, the growth of the Indian economy will get much better. Other than this, the part of the Indian investors has been growing. In this regard, the increase in Nifty by 10-15 times in next ten years does not seem impossible, corporate newsreported.

In an interview given to a channel, Jhunjhunwala said that in the leadership of our Prime Minister Mr. Narendra Modi, the growth rate in the coming years will dazzle the share market. He further added that Modi himself is not ‘change’ but he is a medium of change. The biggest achievement of Modi’s tenure as a Prime Minister is that he took such decisions that can really be executed. With the pace Modi is bringing changes, it can be said that they are according to the country and current situations, as per corporate news.

Jhunjhunwala stated that most of the people believe that this country cannot be reformed, the growth of GDP cannot be 10 per cent and corruption will be a part of their lives forever.  He strongly believes that all these situations will get changed in the coming future.

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