A tide of wealth is coming. Make sure that the boat you are in rises with the tide, and rises the most. The signposts are all around you. In the next 10 years India’s national income, or GDP, will rise to a level that is two times the level it grew in 60 years.
Average individual income (the calculation which includes India’s poorest) will now double every nine years, against nearly 20 years it took to double till 2001. Research reports abound on the future rise and size of Indian economy.
But the precise level of the coming wealth boom matters less than its implication. What it means for your prosperity is more important. It means a lot. From decisions like how soon and how well you can retire to what kind of education your kid can afford, everything depends on how much you can benefit from this golden period of investing. And that in turn depends on how well you understand the future and what you do about it.
In just 10 years from now, stock markets will be four to five times the current value. Property will give up to 10% annual returns. Gold could shoot up to $10,000 an ounce or Rs 1.4 lakh per 10 gram, a wild estimate that is seven times the current price.
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