ET NOW Markets Summit 2026: Vijay Kedia's 'RISE' formula for wealth creation - Bullish on defence, infra, solar and cybersecurity | WATCH

Veteran Indian investor Vijay Kedia has unveiled his 'RISE' investment formula—Renewables, Infrastructure, Security, and Emerging Technologies—at the ET NOW Markets Summit 2026, signaling a strong bullish stance on India's domestic growth trajectory. Kedia announced a strategic pivot away from China and Hong Kong-linked ETFs, instead advocating for Indian sectors poised for substantial government backing and long-term expansion. This shift arrives as India's economy is undergoing a transformative phase, with massive government capital expenditure bolstering infrastructure projects expected to surge by 45-50% to ₹23-24 lakh crore over the next fiscal year. The defence sector is in a high-growth cycle, with exports reaching ₹38,400 crore in 2026 and indigenous procurement targets escalating, while India's solar energy capacity hit nearly 157 GW by May 2026, making it the third-largest producer globally. Concurrently, India's cybersecurity market is projected for robust growth, driven by regulatory frameworks like the Digital Personal Data Protection Act and a push towards AI-driven threat intelligence. Kedia's move reflects a conviction in India's structural growth story, emphasizing patience and a keen eye for undervalued opportunities, including unlisted stocks. Going forward, market participants will closely watch for specific investment vehicles and companies Kedia's firm, Kedia Securities, might back within the 'RISE' framework, especially in the burgeoning unlisted space where he sees significant value. The continued government focus on indigenous manufacturing and digital transformation across these critical sectors, alongside the implementation of initiatives like the Infrastructure Risk Guarantee Fund, will be crucial in sustaining this momentum and translating Kedia's vision into broader market gains.