Next 15-20 Years Critical For India’s Growth Journey, Says HDFC AMC CEO
Last Updated:
Navneet Munot of HDFC AMC says India faces a crucial 15-20 years, with infrastructure, manufacturing, technology and financial sectors driving growth.
India Entering A Defining 20-Year Growth Phase Led By Key Sectors: Navneet Munot
India’s next 15-20 years will be of very important with sectors like infrastructure, manufacturing, technology and financial to boost new acceleration to the country’s growth, said Navneet Munot, MD and CEO of HDFC AMC.
While speaking at CNBC Awaaz Bharat Economic Samvad 2026, Munot suggested that investors must not fear the downfall of the market, but increasing SIP can be a good opportunity for long-term investors.
“What the US achieved over the last 40-50 years through a strong SIP culture is something India is now starting to build,” Munot said.
He explained that the growing participation of domestic investors is helping create a more stable and resilient financial ecosystem for businesses and entrepreneurs. Earlier, Indian markets were largely dependent on foreign institutional investors (FIIs), making them highly sensitive to global events and external volatility.
Munot said the steady rise in domestic investing is gradually reducing that dependence by directing household savings into productive financial assets such as equities. According to him, this flow of local capital gives entrepreneurs greater confidence and access to funding.
He further noted that strong domestic capital markets play a crucial role in encouraging innovation and entrepreneurship over the long run. Referring to the rapid expansion of private equity and venture capital activity in India, Munot said deep and vibrant secondary markets are essential to support startup growth and business expansion.
He added that while India has always had a strong entrepreneurial spirit, the absence of large-scale domestic investment participation had earlier constrained capital formation and limited the growth potential of businesses.
Read More
