Ace investor and partner of Rare Enterprises, Rakesh Jhunjhunwala, also called "The Warren Buffet of India" is still bullish on the Indian markets and sees Sensex touching 25,000 level by 2012.He is, however, of the opinion that world equity markets are bound to get shaken in the wake of ongoing subprime mortgage issue and the next few months will be tough for them.
Addressing Finance Continuum, 2007 at SJMSOM, IIT Mumbai, he said that crisis gives best buying opportunities. Subprime issue has hit the global markets severely and there has been a negative sentiment for past two weeks across the globe.
Rakesh Jhunjhunwala also feels that Indian markets will be less affected than the global markets including Asian markets.
Jhunjhunwala further added that fundamentals are still strong and Indian markets have all the ingredients to sustain the growth.
Talking on house-hold savings and its importance on equity markets, he predicts that by 2012, over USD 57 billion from house-hold savings will be invested in the Indian equity market. If his prediction comes true then Indian markets will no more face liquidity crunch issues. Currently, house-hold savings investment in equity market is around USD 12 bn.
