Adani BT India@100| Aatmnirbhar Bazar: Nifty To 4,00,000 By 2047?

Business Today hosted an engaging webinar to preview its most anticipated event of the year—the 'Adani BT India@100' This insightful discussion laid the groundwork for Business Today's flagship event, scheduled for August 20 at the Leaders Lounge, Bharat Mandapam in New Delhi. At this forum, top corporate leaders, thought leaders, and policymakers will delve deeper into India's journey towards becoming an economic powerhouse by 2047.During the webinar, Shailendra Bhatnagar, Editor (Markets) at BTTV, addressed the question of what the Nifty levels might be in 2047. He projected a very interesting figure, forecasting that in 23 years, by 2047, the Nifty could reach the 4 lakh level. He explained, "I think the most exciting and visible change happening in the Indian economic landscape is within the capital markets, which are now primarily driven by local money. Over the last four years, we’ve seen a significant acceleration in domestic mutual funds and SIPs. From a low of about ₹4,000 crore per month, we are now seeing figures in the vicinity of ₹21,000 to ₹22,000 crore. In fact, many banks have begun raising red flags to the finance ministry about the money that was expected to flow into fixed deposits now being directed elsewhere."