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Let's move ahead and another well-known market veteran, Ramdev Agarwal, Chairman and Co-Founder of Motilal Oswal Financial Services, is joining us on the program. Whom you and I also know as the father of wealth creation in India. Ramdev Sir, first of all, many happy wishes to you on Diwali. Happy Diwali to the entire family, all the members of Motilal Osal Securities and all your investors and customers.
Happy New Year too. Sir, how do you think next year is going? The demolition for Indian clouds will be tremendous, good strength and good speed. Anil, first of all, a very Happy Diwali to all of you, all your viewers and your entire team. And as far as your question is concerned, look, the last one year has been a complete consolidation.
Whereas yours increased by 5-6% and the second asset class which is your gold and silver increased by 60 taka. So I think so, but if you look at it on a 5 year basis, both are equal. If we look at it on a 5-year basis, Nifty has also reached 120 taka and I think gold has also reached 120 25%. So I think next year will be the opposite, I think equity will perform very well and gold and silver will remain a little subdued.
It doesn't feel good to say this. But I think according to me there will be rivers to mean and this type of atmosphere is being created. There is a bullish and clear environment in equities. So I would think that would be exciting here. There has been a lot of excitement in gold and silver. So next year might be for equities.
No, that's fine. So the reverse is likely to happen next year as there has been a huge rally in gold and silver and none at all in equities. So Sir, if you say that this is a year of great growth then what more can I say because we get direction from you and every time a new growth starts, some new leadership also comes.
Some old stocks and old sectors also work. But there are many new ones too. What do you feel this time? Where should we expect good growth ? See, this time the bugle has been blown from banking. Okay, right? So banking was in consolidation phase for two-three years and without banking no economy can move forward.
Neither can GDP move forward nor can we move towards developed India. So the government has maintained a very liberal attitude in banking. They are increasing the credit flow and you can see that whether it is RBL Bank or other Yes Bank, global capital is coming in everywhere and this will lead to consolidation and preparation will be made for bigger credit flow.
So I think that in banking, you will get a little lead from banking and the credit flow will increase, then all the other consumption items like your automotive is the biggest, I think the entire four wheeler, three wheeler, two wheeler and tractors, this segment is looking very interesting because your GST has been reduced by 10-12%, so there will be a pickup in consumption due to this, penetration is low, so that will also be an interesting sector, thirdly I think in service, where your insurance has come down from 18 to zero, be it health or life, in both places.
So I think there is a little confusion there right now but in the coming years a very interesting investing environment can be created there. Well sir, how will your sector do? Capital market, brokerage, mutual fund, wealth creation, merchant banking and your company especially sir, please tell me about this also.
What can I say about my company? But this sector is very interesting. Started from 2020. I think look, in India, hardly 1% of the total market cap is in the capital market. It is around 5 to 6% worldwide. So this is a one way journey. Don't do it slowly, it won't happen that tomorrow it will become five or six.
But if we assume that in the next 10, 12, 15 years, even if it grows at 6%, then you can understand that we are talking about growth of about 20 to 22% every year. This is a matter of industry. Then you see who is the archer in that. Who is growing faster? It is happening by 25-30%. So, many multibaggers will emerge from this and many bluest and blue chips will also emerge.
That's absolutely right. Sir, the special reason behind asking this question was that just yesterday I recommended your company Motilal Oswal Financial Services in the Diwali offer that I feel that your company and you will do a lot of good things in the next one year and after you, the MDs of two big exchanges of the country, BSE and NSE, are also ready for interview with us.
So I thought why not take Outlook from you. You are bullish, positive and we feel sir that this sector has remained very strong. Thank you so much sir. You took the time on a big day and shared your views with our viewers on market direction and investment opportunities. Thank you so much sir.
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