India's $5T market to double to $10T in 4-5 years: Agrawal

• India's equity market could double to $10 trillion in 4-5 years, according to Raamdeo Agrawal.
• Agrawal attributes this growth to strong economic fundamentals, disciplined regulation, and increased financial participation.
• He dismisses fears of over-financialisation, stating markets are self-correcting and tied to corporate earnings.
• The market cap-to-GDP ratio is evolving, with a "virtuous cycle" of wealth creation fueling economic growth.
• India is projected to become a $16 trillion economy by 2040-42, with significant growth in consumer durables and financials.

Why It Matters: India's equity market could double, signaling huge wealth creation opportunities.