Rising incomes and demographics to drive growth: Shenoy

The Mint Money Festival 2025 saw a gathering of experts from the financial services industry bullish on the Indian economy despite global headwinds.

- Jash Kriplani

The event, aimed at unpacking investment vehicles and decoding financial jargon for investors gathered in large numbers, kicked off with a macro picture of the Indian economy presented by Deepak Shenoy, founder and chief executive officer of Capitalmind. For Shenoy, the younger demographic, rising incomes, and more participation of women in the workforce could be the key drivers of prosperity.

Addressing the market performance in the recent past, he admitted that while the BSE Sensex is down 5% over one-year, a myopic vision doesn't serve the purpose. "If you look at markets over a one-year horizon, roughly half the time returns are poor—single digit less than 10%. But extend that horizon to five years, and the odds improve dramatically. Only 29% of the time, 5-year returns fell below 10%. The longer you are invested, more the probability of decent returns improves. In the short term, there will be noise—what looks bad today may look very different a year later."