Manish Jain, Fund Manager, Coffee Can PMS, Ambit Asset Management, believes that the Indian market can double in the next 5 years. With the economy seemingly growing in the high single digits to low double digits steadily, the Nifty EPS should grow at a steady double-digit pace sustainably, he said in an interview with LiveMint. He also favours equity over debt, saying it is the best vehicle to create long-term wealth. Don’t get swayed by near-term momentum and always aim for long-term wealth creation by investing in quality businesses, Jain advised investors.
Joanna Swanson is Europe correspondent at the Thomson Reuters Foundation based in Brussels covering politics, culture, business, climate change, society, economies and inclusive tech. With specific focus in breaking news, she has covered some of the world's most significant stories.