India’s market cap may grow to $6.4tn by 2030

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New Delhi, April 7 | By 2030, Indias market capitalisation could grow to $6.4 trillion in line with GDP growth, an annual increase of 10 per cent, as per Morgan Stanley estimates.
The research by Morgan Stanley said over the past two and half decades, India’s GDP has risen 11-fold and equity market cap has risen 30 times.

In 1993, when foreign portfolio investors were first allowed to buy Indian stocks, India’s GDP and market cap stood at $260 billion and $90 billion, respectively.

Since then FPIs have bought a cumulative $217 billion In the 27 years since then, India’s GDP has risen 11-fold to $2,870 billion, an average annual real growth rate of 6.5 per cent.

The country’s equity market capitalisation has increased by over 13 per cent annually to $2.7 trillion. The MSCI India index has outperformed the MSCI Emerging Market index by a factor of 2.

“If our growth projections were to come to fruition, India’s economy would pass the $6.4 trillion mark by 2030, with per capita income at $4,279 – reaching the upper middle income country threshold. This implies a real GDP growth of 6 per cent and nominal growth of 10-10.5 per cent,” Morgan Stanley said.

A key ingredient to the forecast is our estimate that manufacturing as a share of GDP will rise from approximately 15 per cent of GDP currently to 20 per cent by F2030, implying that its goes from $400 billion to $1,175 billion.

The note said that the thrust toward a manufacturing-led growth will set in motion the virtuous cycle of productive growth of higher investment – job creation – income growth – higher saving – higher investment and India would be one of the few large economies offering high nominal productive growth.

“The stars appear aligned for a new profit cycle. For an economy that is likely to grow at a nominal rate of 10 per cent per annum, if the profit share in GDP hits its long term average of 3.5 per cent over the next five years from its all-time low current level, it gives us an annual com-pounded growth in earnings of 23 per cent for the broad market,” Morgan Stanley said.

Morgan Stanley said by 2030, India’s market capitalization could grow to $6.4 trillion in line with GDP growth, an annual increase of 10 per cent. With accelerating earnings and reasonable relative valuations, trailing under-performance in the past five years and strong policy traction, India seems set to beat EM equity returns in the ensuing five years.

“To be sure, the journey toward a $6 trillion GDP and market cap is not without its challenges and risks. We see risks to our base case from the global growth environment, and delivery and execution of policy reforms required to support the medium-term growth trajectory,” it added.

Source: IANS

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Handicraft Furniture setting a new trend in the interior and home décor industry

Handicraft Furniture setting a new trend in the interior and home décor industry

Furniture is one of the most prominent and significant aspects of any space. It adds a distinct depth and feel to the décor and enhances its beauty to the next level. Conventionally furniture was considered only as a side element while designing an interior. However, today the trend has changed; the limelight is on the furniture and furnishing elements. Young interior designers and architects are giving utmost importance to furniture and are heavily investing their time and efforts to get the best furniture for modern urban spaces.

Antique Handicraft Furniture

Saharanpur – the furniture city of India is renowned for its explicit patterns, wide motifs, and creativity. The city is home to some of the most skilled and proficient artisans and craftsmen. These creative enthusiasts are known for their attention to detail, intricate carving, and eye for perfection. The finishing and look of the furniture created in this city are beyond comparison. Craftatoz is one of the reputed furniture manufacturing companies in India. Established in the year 1989 in Saharanpur, the company has more than 300 trained and skilled workmen. The antique and eternal furniture created by Craftatoz sets the perfect symphony of texture and gives your space a stunning and grandeur appearance.

Furniture artefacts are one of the worthwhile investments. It not only augments the overall appearance of your room but also meticulously sets the whole ambience. The novelty and ethnic feel of antique furniture make it highly popular amongst the masses. The designers and interior decorators are hunting unique and exquisite antique furniture that connects one with the Indian roots. Craftatoz is one of its kind of handicraft furniture manufacturing company striving to preserve the Indian handicraft industry and introducing artistic handicraft furniture that is spectacular and awe-inspiring.

Preserving the art of Handicraft

Handicraft furniture online is a part of Indian heritage and culture from the Britishers time. Handicraft furniture speaks volumes about our rich history and love for art. Handicraft furniture is an integral part of our interiors and gives your premise an elegant touch. However, over the period of time with the introduction of modernization and machine-made furniture, the significance of handicraft furniture has been also affected to a great extent.  Furniture giants like Craftatoz are exerting themselves to promote the artisan’s talent and preserve the art of handicraft. They are bringing handicraft furniture to modern homes and preserving our legacy. Handicraft furniture is a seamless combination of modern art, style, and antiquity. They are unmatched and a true epitome of sophistication.

Handicraft furniture suits your décor and adds more splendor to it

The latest global trend in home furniture and decoration is Handicraft Furniture. Décor with the layer of Indian handicraft products and furniture creates an interesting décor and creates an impeccable melody of texture, color, fabric, styles, etc. Antique handicraft furniture in the form of mirrors, center table, jharokhas, Chandeliers, key holders, table lamps, corner tables, and much more. Handicraft Furniture is true alchemy of style and poise. They are an ideal fit for any modern urban or conventionally designed abodes. The handicraft wooden furniture celebrates luxury and creates a lavish feel.

The matchless collection of handicraft furniture

Handicraft furniture is never outdated. They are timeless and always in fashion. Other furniture styles may come and go but the love for Indian handicraft and artistic furniture is increasing at an enormous rate. A true lover of Indian culture and exclusive products is sure to get impressed by the sumptuous range of handicraft furniture offered by Craft atoz. The handicraft furniture can truly revamp your furniture and add a gleam to your interiors. Handicraft furniture is available in size, style, and pattern. The availability of premium grade handicraft furniture collection has led to an immense increase in the demand and utility of the same. Interior designers and décor experts are incorporating handicraft furniture to create a comprehensive mood of the space and give it a cutting-edge.

Taking furniture industry to newer heights

Like every industry, the furniture industry has also witnessed several ups and downs. The trends in the furniture industry are ever-evolving. There are continuous introductions and upgrades in this sector. However, the heart of the furniture segment is still ‘Handicraft Furniture’ the simplicity, quirkiness, antique touch, regal patterns and immersive feel of handicraft furniture still continue to mesmerize everyone with its grandeur and sheer opulence.

Handicraft furniture is at the pedestal and gaining substantial attention worldwide. They are widely acknowledged as one of the most reputed, credible, and authentic Indian art forms. The handicraft furniture reflects the legacy of the country and opens new avenues for Indian craftsmen and artefacts. Craftatoz with an aim to provide these artists global exposure and widespread Indian culture to every corner of the world brings a well-thought, finely detailed range of handicraft furniture that creates the cult and sets new milestones in the world of online furniture.

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