The markets started the Makarsankranti week with fresh highs. Most global leaders expect that Indian indices are set to claim even higher highs but the election is a key event to monitor in 2024.
Yoo Jisang- Chief Executive Officer, Mirae Asset Capital believes “The Indian equity market is one of the fastest growing markets globally. It is a highly competitive financial market with new emerging companies entering the market. Overall, the trend in the Indian market is positive.”
Speaking on the future prospects he added that the financial industry is in focus due to the upcoming elections, “The first half of the year will be dominated by the elections, and there is an increasing interest among international players in investing in India. In the next five years, I believe that we will be far ahead from any competitor in the Indian financial market. A stable and friendly government will further boost the Indian economy.”
He was speaking after the integration of broking house Sharekhan with Mirae Asset, which he believes will give a fillip to their business prospect in India. According to him, “the integration of Sharekhan’s in-house research capabilities provides us with a valuable foundation for research-based product development. This mutual commitment to research excellence, forms a cornerstone for collaboration, reinforcing our shared goal of delivering innovative financial solutions to our clients.”
In the upcoming months, Mirae Asset also plans to launch a Partner business and expand reach through them. “We are aiming to become a complete financial solution provider in India, offering wealth management and insurance products. We are also exploring other products to expand our range of services,” he concluded.
