India could well be on its way to becoming the world’s

third largest economy and stock market if Morgan Stanley’s equity strategists

and economists are to be believed.

GDP is likely to cross $7.5 trillion by 2031 more than double the current level.

India's market capitalization to $10 trn in the coming decade.

The only risk to this Goldilocks assessment is the risk of

a prolonged recession globally

adverse geopolitical risks and an unstable government

at the centre in India.

The four global trends

The first factor that will continue to benefit India is offshoring.

India has been the back office for the world for more than two decades.

But the pandemic has only accelerated the pace of this trend

as more companies look at offshoring various functions to India.

The India Stack, digital payments using Unified Payments Interface that can handle

large volumes at a small cost is unique to India.

The digital revolution will transform how India lends, pays and insures itself.

Clean energy and the energy transition are sectors where India is keen to take a lead with

Indian behemoths Reliance Industries and Adani Group taking big strides.

Indians are expected to spend more on discretionary spends as per-capita

GDP has crossed the important $2,000 mark.

India's per-capita income rises from $2,278 now to $5,242 in 2031

setting the stage for a discretionary spending boom.

The number of households earning in excess of $35,000/year is likely to

rise fivefold in the coming decade, to over 25 million.

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Chips do not function by themselves.

They need to be connected and surrounded

by electronic components, sensors, and a power source.

Printed Circuit Boards accomplish this critical task.

From iPhones to F16 fighters, from data centers

to dishwashers, all are based on Printed Circuit Boards (PCBs).

If chips are a product’s brain, the PCB is the skeleton

So success of semiconducter industry depend on PCB inds.

PCBs are the backbone of electronic products.

They are used to support and connect electronic components

in all electronic applications.

The PCB manufacturing process has basic steps such

as etching, laminating, drilling, electroplating, lithographing,

and screen printing.

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ALERT:--

(ALL ABOVE UPDATE FOR INFORMATION ONLY )

Note: -- This does not constitute investment advice return mentioned here in

are in no way a guarantee or promise of future return.

Stock market investments are subject to market risks.

Standard Warning :- ' Investment in securities market are subject to market risks.

Read all the related documents carefully before investing. '

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