00:00The Nifty is currently trading at over 20 times its P forwardearnings, so it's looking stretched in terms valuations. Where are we in this equity rally? It seems expensive to consider 20 times the length of our bond on a stoical basis. But, we need to take a look at it relative. Take a look at the bond. Nifty used predict 15P and perhaps a five-year bag in India, but that was only 6 percent. Also, you can compare equity market valuations to bond market valuations. This is also an overview of where I believe we are. According to me, these are probably fair values. Take a look at the nifty structure. This has been influenced by the high quality stocks that are now available thanks to NIKKEI, high P and today's thoughtful and shrewd. Yes, banks have been replaced with high quality stocks by the finance that was lost to key us. So in that sense, I think optically might repeat. The growth in the next two years is what if Icontinue having a profound effect on the behavior of the other 50%. We feel that the relationship looks good at this point in time. I believe structurally, we are in for a great thanks buddy. There are a few connections in India. What's the best? What are you thinking? We are investing incremental capital in financials, I believe. We are confident that the space will continue to grow financially. If we look back at the past four to five years, our financials have suffered a lot in the power sectortelecom sector and at the year end. These are just the GST and demand being. I think they have handled the call thingsI think very well. They've done a lot of provisioning for curriculum that may not be available. In that sense, it could be fixed up. A combination of financials and executive mix will do that. Plus I.T. Services is in a sweet spot. Digitalliberty is gaining popularity worldwide. They will continue to enjoy the glorification of indexes in energy services. They have gained themargin. While some margins might be regressed, I believe there was a structural 10-12 percent increase in services for the health care side of the 1990s. It looks very promising. This is what the US is doing. They can improve. The pharma market will rebound. This means that the cost of manufacturing is also very attractive. We are also bullish in the manufacturing sector. Goldman has given incentives and Ronald ISE steps to field teams. India could soon be a major global manufacturing hub thanks to the many incentives offered by Goldman. Google may not be able to show it in the numbers for the next two-years, but it takes time to setup factories, get production started and get export orders. Do you want me to get you? Yes. The man known as India's big bull was the first to answer my question. June June, while he says that India's economy will grow 7-10 percent annually over the next ten years. He also suggests that stocks returns or equities could see a five-percentagepoint increase each year. Also, he estimates that between 12 and 15-16 percentages of equity growth. Let us know if you believe that this is possible, and whether Justin Trudeau is serious or just reading from his own book. I won't comment on his statements. I am implying that I believe India's GDP should grow at a Haidi Lun. My thoughts are that the good god maybe 10% for the next 20 years if 520 people have been enrolled in DNA programs. We feel that we need to get the medium and make sure they gain market share from the NYSE. This should be a little faster than the GDP growth, business price pressure, and a market data that can make a NIKKEI 17-18 percent greater for a broader market. If that is true, I believe the returns will be higher for teens next year if B stays the same. That is what I believe. Future of Indian market economy glass. There are many things that could cause chaos. We could experience political instability. And we might even get the Corona virus in a third round. We must remember that the market hasn't changed at all because of the curve. It is the same structure as the Indian economy. What does this mean for your decision making about where to invest? Yes, I believe that what we get is absolutely continueto the structure of market. The market participation has become more diverse. I believe we are no longer as dependent on the early fever of a few years ago. There are other factors, which I believe a lot more ballplayers have realized. It has become more common for Goldman to focus on one business. They have been much more active in promoting genuine one plus policies. You need to implement larger reforms. These are infecting large amounts of debt that could lead to endgame. I believe that the 13-year-old reforms have had an impact on earnings. If I don't have a thought, I believe our legal ROI on Nifty is at 14 percent followed by 21. For the next two years, I will compliment very senior. We are destined for many great things, I believe. As a mixture of market goals for the future. In that sense, I believe markets look very high. However, you need to see it in context. Earnings from shipping
