Reliance becoming FAANG of India, it will continue to grow: Mark Matthews

In India apart from Reliance, there are probably less than a dozen companies which are a play on Indian economy. It has even more exclusivity in that sense, says the MD of Julius Baer.

Apple is only $150 billion away from becoming a $2-trillion company. That means Apple is going to be as much as the size of India’s GDP?
I agree it is a big number and there are three other companies in the world that are valued in excess of a trillion dollars and they are called tera-caps. If you extrapolate the returns on these mega caps three, four, five years forward, they led up to being larger than the rest of the market which I suppose is theoretically possible but it would certainly be very strange to have four companies worth more than the entire other 496 stocks in the S&P 500.