INSUBCONTINENT EXCLUSIVE:
India's share market capitalization is expected to rise to $5 trillion by 2024 from the current $3.5 trillion, catapulting the nation to the
world's fifth-biggest market, according to Goldman Sachs Group Inc.Nearly $400 billion of market capitalization could be added from new IPOs
over the next 2-3 years, Goldman Sachs analysts led by Sunil Koul, wrote in a note
Share-sale pipeline is expected to remain robust over the next 12-24 months, based on recent announcements from 'new economy' unicorns,
analysts wrote."We stay overweight on expectations of a strong cyclical recovery and supportive flows," according to the report
Additionally, the strong thematic appeal and growth potential of the new economy sectors lend support to our medium-term constructive
view.""Investors can find attractive return opportunities, as long as they don't overpay for growth, as evidenced by significant
outperformance of China new economy stocks over the past decade," the report said.(Except for the headline, this story has not been edited
by TheIndianSubcontinent staff and is published from a syndicated feed.)
