By end of 2016 CMA projects that equity market cap will be 2.9T. NSE is already at 2.0T in Jan 2014. I think this target is not ambitious enough.
Quote:To do so, the economy needs to sustain economic growth at an annual rate of 10 percent over the next 16 years.
GDP will take a while to hit 10% let a lone sustain 10% growth rate. This 2030 vision is a mirage unless infrastructure is fast tracked and the devolution program gets a hard kick start. Treasury must force liquidity into the econ and checks unnecessary imports (luxury et al which don't boost GDP expansion). Where is Mwiraria when you need one...
10% GDP expansion will need a dedicated econ thinktank not haphazard tax hikes and funny gok spending.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!