Ace investor Rakesh Jhunjhunwala projected India’s GDP growth to touch 9 per cent by 2022-2023. 'If India heads to become a $5 trillion economy by 2025, then household savings will have to go into equities,' he said. He praised Prime Minister Narendra Modi and his work. 'Modi is a distilled socialist after Lal Bahadur Shastri. He is one of the few prime ministers who have seen poverty. Modi knows how to enlarge the size of the cake. He is ready to take bold steps and at the same time knows that investment is key for the economy,” said Jhunjhunwala.

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Watch India’s GDP growth to touch 9% by 2022-2023: Rakesh Jhunjhunwala predicts With HD Quality.