G20 Summit: What does it mean for India and its stock markets?

New Delhi is gearing up for the G20 summit which is scheduled to be held between Sept 9-10. The G20 summit is led by 20 financial leaders from the world’s strongest economies. The aim of the summit is to discuss trade, health, and climate-related issues around the globe.

Analysts who spoke to Business Today have said that the G20 summit in Delhi would invite investments, trade opportunities and more.

Sooraj Singh Gurjar, Founder and MD of Get Together Finance told Business Today that G20 summit will help in the rise of great investment and trade opportunities for India.

Also Read: Ahead of G20, 160 flight cancellations at Delhi Airport; Airlines offer rescheduling waivers

“When the minds behind the most successful economies come together, something great is bound to come. Hence, great investment and trade opportunities are probable to rise in India with the help of the G20 summit”, Sooraj Singh Gurjar told Business Today.

He also added that the summit will help people’s and businesses’ trust in the Indian capital market to grow. Gurjar believes that the G20 summit in India will promote more open and inclusive trading, Indian businesses will get a new boost and new opportunities will arise with fewer trade restrictions.

“In the past few years, India’s economy has seen massive growth. With the global economic events being held in India, people’s and businesses’ trust in the Indian capital market will grow,” Gurjar told Business Today.

As per Business Today, the geopolitical tensions have increased in the past few years due to various factors. But, with India being the host this time, market watchers believe that new FDI policies could be framed. This will directly impact the country’s economy, which will help in the growth of the Indian stock market.

Another market analyst Ravi Singhal, CEO of GCL Broking told Business Today that infrastructure, export and consumer firms' stocks will benefit the most from the G20 Summit.

“I think infrastructure stocks such as Larsen & Toubro, export-oriented firms like Infosys and TCS, consumption players such as Tata Consumer and green energy firms like Tata Power may benefit from G20,” Singhal told Business Today