Nifty Could Hit 50,000 Before 2035 Based on Earnings Growth, Says Raamdeo Agrawal
· Business · Economic Times, LiveMint
Motilal Oswal Financial Services Chairman Raamdeo Agrawal stated that India's headline index Nifty 50 could reach 50,000 anytime before 2035, driven by steady earnings compounding and retail participation. Speaking at the 22nd Motilal Oswal Annual Global Investor Conference in Mumbai, Agrawal outlined three valuation-based timelines depending on price-to-earnings multiples. Under a steady P/E multiple of 20 to 21x, the milestone would take roughly eight years, while multiple expansion to 24x could reduce the timeline to six years. The forecast assumes Nifty earnings compounding at approximately 12 percent annually, supported by an 11 percent nominal GDP growth rate. Agrawal highlighted that retail demat accounts have expanded to 234 million while monthly SIP flows have crossed 31,000 crore rupees.
Why it matters
This long-term market projection provides retail investors and institutional funds with a valuation framework for Indian equities amid shifting foreign investment trends.
Read the original report — Economic Times
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