India In Itself Is A Trend Now: Ajay Bagga At Republic's India Economic Summit

New Delhi: Ajay Bagga, market expert, has said that India in itself is a trend now but people spread a lot of negativity about it adding world's major trends are in the favour of India. Speaking at Republic Media Network's India Economic Summit 2024, Ajay Bagga said that India will contribute to 20 per cent of incremental global growth for the next 2 decades.

Emphasizing on digital technologies, Ajay Bagga said that India has captured 45 per cent of digital global market via UPI. People spread a lot of negativity but mega trends are in favour of India and in fact India itself right now is a mega trend.

Till 17th century, India was contributing to 25 per cent of world's total GDP . We are china of 2007, it’s very possible that in the next decades, we will not be just a gems, diamonds or leather exporters but many new things will come up. India in future will have a new economy and new ways of making money but optimism is a needed character we must have, Ajay Bagga, Market Investor Expert said.

Speaking furhter, Ajay Bagga said, "Crypto is world's reaction to the misgovernance. Digitalisation, Financialisation and formalisation of economy is going to work. 

Putting some light on the emerging markets, Ajay Bagga said that space industry will certainly going to see a boost. People will travel to Mars, we will fly in our own drones. 

Ajay Bagga | Top quotes 

• Crypto is world reaction to the misgovernance. We must embrace crypto, understand the block chain. 
• India is 29-Year-Old, China is 39, Japan is 53, majority of Europe's population is between 45-50 years old.
• The household wealth in India has gone up 2 times in the last 10 years, which is still less.  
• India has 3 trillion dollars worth of gold which means 30,000 tons of gold is sitting in our lockers. 
• You have 1.1 trillion household holding in equity, imagine what will happen in next 20 years.
• Investment in crypto is direct result of mis-governance. 

Porinju Veliyath, top investor and founder, Equity Intelligence India said that the investors’ confidence in India is at all time high as no large investor in the world can ignore us. India is becoming a very powerful nation and its non-aligned policy is helping a lot.

Porinju Veliyath | Top quotes 

• I have traded in the market when India was totally a socialist economy, today its mostly free market economy. 
• I have traded when India have to pledge its gold and today we are talking about nearly 7 billion dollars of foreign exchange. 
• The next 20-25 years for India is going to be amazing. 
• We are becoming very powerful and our non-aligned policy is helping a lot.  
• No large investor in the world can ignore India. Even someone with just Rs 10,000 can start with investments in equity.