MOFSL: India's Rs 148T Wealth Boom Signals Multi-Trillion Dollar Era

• India created Rs 148 trillion in equity wealth during 2020-25, the highest in three decades, driven by market rebound and deepened participation.
• Motilal Oswal's study signals India's "Multi-Trillion Dollar (MTD) era," projecting GDP to quadruple from $4 trillion to over $16 trillion by 2042.
• Key drivers include a $47 trillion domestic savings cycle, a credit boom 2.0 with strong bank balance sheets, and the wealth effect boosting consumer spending.
• Financials and consumer discretionary sectors are best positioned for growth, benefiting from underpenetration and rising per-capita GDP.
• India's market-cap ranking rose to 4th globally in 2024; retail equity participation is becoming a macro force, potentially adding 0.4% to FY26 GDP.

Why It Matters: India is entering a multi-trillion dollar era of sustained economic and equity growth.