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Home Trending News “Many Indian digital businesses will come to the market and spread like fire”: Raamdeo Agrawal

“Many Indian digital businesses will come to the market and spread like fire”: Raamdeo Agrawal

Raamdeo Agrawal of Motilal Oswal Financial Services said the speed at which digital companies are growing is unpredictable, though many of these will grow fast.

ByIshita Ganguly
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Raamdeo Agrawal

Raamdeo Agrawal

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Raamdeo Agrawal, chairman and co-founder, Motilal Oswal Financial Services, said the speed at which digital companies are growing is unpredictable, though many of these will grow fast.

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Raamdeo Agrawal holds hope about Indian digital ecosystem

According to the market veteran, many internet-first businesses entering the market will spread like fire.

“Internet (digital businesses) will come to the market and spread like fire. While we have a few digital companies that are listed, there are many firms that are yet to come to the market,” said Agrawal.

Speaking at an event organised by Motilal Oswal Wealth Management, Agrawal said, “Some will fail too but those that click will actually show a strong growth over many years. This is because internet-based companies grow and scale at a very quick pace.”

Motilal Oswal’s boss also mentioned how the massive recent growth in Nvidia’s valuation made it the world’s largest listed company.

“There is no caste or creed in the market. There is only earnings and earnings growth. When we say that our economy will double in size in the coming years then we will definitely see many more new companies coming to the market and some of those will become huge along with the economic growth,” he said.

Also read: Indian Matrimony App Wants Men To Earn At Least Rs 50 Lakh Per Year To Register On It – But For Women, There Is No Salary Bar (startuppedia.in)

Agrawal's opinion on semiconductor sector

Agrawal said that while India does not have a semiconductor giant like Nvidia, the country still has huge potential for rapid growth in the digital space.

“Participating in the Indian market is increasing. Earlier, promoters used to own a majority of the market. Now that share is reducing and retail share is increasing. This is a big trend and will continue,” he explained.

Finally, he cautioned that while huge money have been flowing to the market in the last couple of years, there has been no big change in earnings.

“Markets will see correction but investor should not be scared. Investors should not do anything that they do not understand. Keep it simple,” Agrawal said.

Also read: Polish Entrepreneur Has Built A Flying Motorbike That Speeds Up To 200 km/h And Is 7 Times Lighter Than Normal Bikes (startuppedia.in)

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Tags: India