Raamdeo Agrawal Predicts 15% Annual Returns for Indian Equities
· Business · Economic Times, Moneycontrol
Motilal Oswal Financial Services chairman Raamdeo Agrawal expects Indian equities to deliver 15% annual returns over the next five years. He projects the Indian economy will grow at 7.5% to 8.5%, with corporate profits rising by 13% to 14%. While the Nifty currently trades at 20 times earnings, Agrawal suggests that sustained profit growth could compress the price-to-earnings multiple to 17. He noted that foreign investors are currently prioritizing markets like the US, South Korea, and Taiwan due to higher momentum and AI-related growth. The report does not specify the exact timeline for when foreign capital might shift back to India.
Why it matters
This outlook provides a long-term performance benchmark for Indian retail investors managing equity portfolios amid current market stagnation. It also highlights the competitive pressure India faces in attracting foreign institutional capital against high-growth global markets.
Read the original report — Economic Times
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