@WeekendInvestng BJ party should not ask for votes from indian people rather FIIs as benefits for them , but for us, dugna lagaan! Modern day east india co.
Indian stock market doubles almost every 5 years.
- Pre covid, we were at 12K
- Now we are around 24K
Holds true.
So technically, if you buy around 23-24K.
You should see 48K on Nifty by 2030-2031.
But, here is the thing: in the last 5 year period, if you adjust for INR depreciation-- your CAGR returns are 5.6% in USD terms.
This does not account for taxes.
The trick is to understand that India is not a structural investment play. It is a turnaround play.
When sentiments go extremely low, invest big, wait and play the cycle.
Else, you are playing playing squid games for dead returns.