One of the biggest differentiators that the Indian market is the sheer lack of penetration/participation from Tier-2/3/4 population until yet. This population has historically been ghosts to the rest of the world, and seeing their presence as creators and consumers has now created a stir globally.
Even factors like the Buffett Indicator might fail here because of the outsized valuations that internet businesses have (gotta remember that Buffett didn't invest in internet companies, not because they're worthless, but because he didn't understand them well enough). And India's growth has (luckily) coincided with the internet boom of the 21st century.
One of the biggest differentiators that the Indian market is the sheer lack of penetration/participation from Tier-2/3/4 population until yet. This population has historically been ghosts to the rest of the world, and seeing their presence as creators and consumers has now created a stir globally.
Even factors like the Buffett Indicator might fail here because of the outsized valuations that internet businesses have (gotta remember that Buffett didn't invest in internet companies, not because they're worthless, but because he didn't understand them well enough). And India's growth has (luckily) coincided with the internet boom of the 21st century.
IMHO, we're only getting started!